リリースコンテナ第3倉庫

“América Latina y el Caribe son mercados de enorme crecimiento para nuestra marca. La inversión digital aprovechará la creciente popularidad de Internet y de las redes sociales en estos mercados mientras acelera el crecimiento de nuestra presencia de marca”

El uso de Internet, y en particular la participación en las redes sociales, es cada vez mayor en la región de América Latina y el Caribe. Para capitalizar este crecimiento, llevar tráfico al nuevo sitio Web y aumentar la conversación social en torno a la marca, Burger King Worldwide (NYSE: BKW) también ha desarrollado una nueva página regional de Facebook para los restaurantes de BURGER KING® en la región. Juntos, el nuevo sitio Web y la página de Facebook están listos para atraer a un mayor público a la marca BURGER KING® y brindar a los clientes una experiencia mejor y más interactiva.

“Nuestra visión es convertirnos en líderes en comercialización digital en la industria de restaurantes de servicios rápidos”, indica Jose R. Costa, Vicepresidente de Comercialización para la Región de América Latina y el Caribe de Burger King Worldwide. "América Latina y el Caribe son mercados de enorme crecimiento para nuestra marca. La inversión digital aprovechará la creciente popularidad de Internet y de las redes sociales en estos mercados mientras acelera el crecimiento de nuestra presencia de marca”.

Si bien la apariencia y las principales características del sitio Web serán las mismas en toda la región, el sitio de cada país se adaptará para presentar los productos del menú local y las actividades promocionales específicas de cada país. El registro de cada cliente será dirigido al sitio específico de su país para una experiencia localizada en línea.

Las características clave del nuevo sitio Web incluyen:

• Un menú interactivo que sugiere a los clientes productos que se encuentran disponibles durante la hora del día en que se conectan al sitio Web. Por ejemplo, si los clientes visitan el sitio Web a las 9 de la mañana aparecerá en el sitio el menú de desayunos de los restaurantes BURGER KING®.
• Información nutricional completa de cada producto del menú con la cantidad de calorías. Esta herramienta calcula el contenido de calorías de las comidas personalizadas.
• Un localizador interactivo de restaurantes detalla la ubicación y las características de un restaurante, como disponibilidad de Wi-Fi en el local.
• Una sección de promociones específicas de cada país.
• Detalles sobre el programa BK POSITIVE STEPS® que invita a los clientes a tomar decisiones más informadas sobre la alimentación sana y los ejercicios así como a familiarizarse con los pasos positivos tomados por los restaurantes BURGER KING® en las comunidades locales.
• Una sección de novedades (“What’s New”) donde los clientes pueden encontrar cupones y ofertas que pueden descargar para usar en sus restaurantes locales participantes además de detalles de nuevas promociones en su área.
• Una página Web para la familia donde los padres pueden encontrar información completa sobre como celebrar una fiesta en su restaurante BURGER KING^® local. Esta página incluye un calculador de eventos y comunica con un consejero para fiestas en caso de necesitar ayuda adicional.
• Una sección de servicios a clientes donde, por primera vez, los clientes pueden dejar comentarios sobre su experiencia BURGER KING^® además de encontrar respuestas a las preguntas frecuentes.

La página de Facebook ofrecerá a los clientes otro canal de comunicación con la marca BURGER KING®. Al brindar a los seguidores la oportunidad de saber qué está pasando en toda la región, la página de Facebook tendrá una serie de imágenes visuales llamativas de los productos del menú de BURGER KING^® para tentar a los clientes a que visiten los restaurantes. La imagen principal se cargará regularmente destacando las novedades en promociones, productos del menú y, para personalizar la experiencia, los clientes fieles que publiquen los mejores comentarios tendrán oportunidad de aparecer como el avatar de la página.

ACERCA DE BURGER KING WORLDWIDE

Fundada en 1954, BURGER KING® (NYSE: BKW) es la segunda cadena de hamburgueserías de comidas rápidas más grande del mundo. El HOME OF THE WHOPPER® original, el sistema BURGER KING®, opera en más de 12.600 restaurantes que atienden a más de 11 millones de clientes, todos los días en 86 países y territorios de todo el mundo. Aproximadamente el 94 % de los restaurantes BURGER KING® son propiedad de franquicias independientes. La mayoría de ellos son empresas familiares que se han dedicado a este negocio durante décadas. Para obtener más información sobre Burger King Worldwide, visite el sitio Web de la compañía en www.bk.com o síganos en Facebook y Twitter.

El texto original en el idioma fuente de este comunicado es la versión oficial autorizada. Las traducciones solo se suministran como adaptación y deben cotejarse con el texto en el idioma fuente, que es la única versión del texto que tendrá un efecto legal.

As part of the PIVOT program, students work with their lead Educational Coordinator to develop a personal vision for success, define goals to help them reach their vision and create an individual education plan that they complete at their own pace. Students attend school either 8:00 a.m. to 1 p.m. or 12:00 p.m. to 4:30 p.m. Monday through Friday. In addition to Educational Coordinators available on-site during school hours, PIVOT students have online access to experienced, state-certified teachers who can provide immediate assistance 24 hours a day.

PIVOT Fort Myers complies with all Florida graduation requirements and offers a full middle and high school curriculum, including more than 15 Advanced Placement courses, a wide variety of electives, and a service learning option. Core courses align with Next Generation Sunshine State Standards. Students can jump-start their college careers with early graduation options and two programs offering dual enrollment in online college classes offered by DeVry University. The Passport to College program lets any eligible student take up to two career-focused DeVry class online free of charge, while the Dual Credit program allows students to take freshman-level math and English classes and receive both high school and college credit.

PIVOT Charter School is ideal for many students, including accelerated learners looking for Advanced Placement and dual-credit classes, students missing credits and needing to catch up, those needing a flexible schedule in order to pursue outside interests and many others. Nationally recognized learning provider Advanced Academics supplies the program’s learning management system, web-based curriculum and online teaching staff. Free hub-based bus service is available for those families needing additional assistance getting their student to school.

PIVOT Fort Myers is still accepting new students for the 2012-13 school year. The open enrollment period ends Oct. 12, so act quickly. Enrollment will reopen in January if space is available. For more information or to apply, go to www.pivotcharterschool.com or call 239-243-8266.

About PIVOT Charter Schools

PIVOT Education Inc. is a not-for-profit Florida corporation that operates PIVOT Charter Schools in Fort Myers and Tampa. Its programs use a blended educational model, combining one-on-one teaching with the best elements of on-line and traditional education. The mission of PIVOT Charter Schools is to create a unique learning environment where students will believe in themselves, excel in their goals and discover pathways to their life’s success. PIVOT Charter School Fort Myers offers this unique blended educational program to middle and high school students in Lee County, while PIVOT Charter School Tampa serves students, grades 6 through twelve, in Hillsborough County.

About ArQule

ArQule is a biotechnology company engaged in the research and development of next-generation, small-molecule cancer therapeutics. The Company’s targeted, broad-spectrum products and research programs are focused on key biological processes that are central to human cancers. ArQule’s lead product candidate, in Phase 2 and Phase 3 clinical development together with development and commercialization partner, Daiichi Sankyo, Co. Ltd., is tivantinib, an oral, selective inhibitor of the c-MET receptor tyrosine kinase. The Company’s pipeline consists of ARQ 621, designed to inhibit the Eg5 kinesin motor protein, and ARQ 736, designed to inhibit the RAF kinases. ArQule’s current discovery efforts, which are based on the ArQule Kinase Inhibitor Platform (AKIP™), are focused on the identification of novel kinase inhibitors that are potent, selective and do not compete with ATP (adenosine triphosphate) for binding to the kinase.

“The team at Nexteer relied on our industry leading automotive technologies to develop a product for the renewable energy market that accurately positions solar arrays to follow the sun”

In a competitive bidding process, the City of Saginaw was able to install OPTimus panels powered with Suniva cells, utilizing polycrystalline silicon from Hemlock Semiconductor for its 20 kilowatt array.

“The energy produced by the solar energy system is expected to equal up to 10 percent of the building’s total current energy use,” said Saginaw City Manager Darnell Earley. “In the process we are supporting regional companies that develop key products and services.”

A smaller 4 kilowatt educational display unit will also be installed adjacent to Saginaw City Hall with a new tracker system from SunSteer™, which was developed at Nexteer Automotive’s world headquarters in Saginaw.

“The team at Nexteer relied on our industry leading automotive technologies to develop a product for the renewable energy market that accurately positions solar arrays to follow the sun,” said Vince De Zorzi, senior vice president and chief operations officer at Nexteer. “SunSteer™ is built right here in the U.S., with more than 90 percent U.S. content and greater than 50 percent of its content produced in Michigan, including the Great Lakes Bay Region.”

The Great Lakes Bay Region is creating boundless opportunities for solar supply chain development with anchor companies such as Hemlock Semiconductor, which is the source of a third of the world’s polycrystalline silicon, and global headquarters and multiple manufacturing facilities for Dow Corning and The Dow Chemical Company.

To provide an environment for advanced collaboration and spur supply chain innovation, the Great Lakes Tech Park was developed less than a mile from Hemlock Semiconductor.

“The 231-acre Tech Park has large FREE parcels available for the appropriate project and are shovel ready with new infrastructure,” said Saginaw Future Inc. (SFI) President JoAnn Crary.

Saginaw Future partnered with Thomas Township, County of Saginaw and the Michigan Economic Development Corporation to develop the Great Lakes Tech Park. SFI is administering a $100,000 loan from the County of Saginaw to fund a portion of the City of Saginaw’s solar array project.

Established in 1992, Saginaw Future Inc. (SFI) is a public-private alliance of local businesses, the County of Saginaw, City of Saginaw, 14 local municipalities and the Saginaw County Chamber of Commerce. SFI’s strategic partners also include education, labor and government. Since its beginning, SFI has remained dedicated to fostering quality job creation through expansion of local industry and attraction of new business projects to the community. www.SaginawFuture.com

The terms of the Tender Offer are described in the Offer to Purchase dated September 12, 2012 (the “Offer to Purchase”) and related Letter of Transmittal (the “Letter of Transmittal”), which are being sent to holders of the Notes (“Holders”). Subject to applicable law, Simmons may amend, extend, and/or waive conditions or terminate the Tender Offer in its sole discretion.

In order to be eligible to receive the “Total Consideration” for tendered Notes, Holders must validly tender (and not validly withdraw) their Notes prior to 5:00 p.m., New York City time, on September 25, 2012, unless extended by Simmons (the “Early Tender Deadline”). The Total Consideration for the Notes validly tendered (and not validly withdrawn) prior to the Early Tender Deadline and accepted for payment by Simmons is $1,035.50 per $1,000 principal amount of Notes. The Total Consideration includes a payment of $20.00 per $1,000 principal amount of Notes (the “Early Tender Payment”). The Total Consideration less the Early Tender Payment is referred to as the “Tender Offer Consideration.” Holders must validly tender (and not validly withdraw) their Notes prior to 12:00 midnight, New York City time, on October 10, 2012, unless extended by Simmons (the “Expiration Time”) in order to receive the Tender Offer Consideration. Holders tendering Notes after the Early Tender Deadline, but prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration only. Holders will receive accrued and unpaid interest in respect of their purchased Notes up to, but not including, the applicable Settlement Date for all of their Notes that Simmons accepts for purchase in the Tender Offer. Tendered Notes may be withdrawn in accordance with the terms of the Tender Offer prior to 5:00 p.m., New York City time, on September 25, 2012, unless extended by Simmons (the “Withdrawal Deadline”), but not thereafter, other than as required by applicable law.

Simmons intends to redeem, satisfy and discharge any Notes that remain outstanding following the Early Settlement Date at a redemption price equal to $1,030.00 for each $1,000 principal amount of Notes, by notice to Holders provided on October 1, 2012, in accordance with the terms of the Indenture, unless extended by Simmons in its sole discretion.

The following table summarizes the material pricing terms for the Early Tender Payment, Tender Offer Consideration and Total Consideration, respectively, for each $1,000 principal amount of Notes.

The Tender Offer is subject to certain conditions that are set forth in the Offer to Purchase, among them the “Financing Condition” and the “Merger Condition.” Satisfaction of the Financing Condition requires that Simmons obtain new debt financing in an amount, and together with cash on hand, that is sufficient to pay the Total Consideration or the Tender Offer Consideration, as applicable, to Holders, on terms and conditions satisfactory to Simmons in its sole discretion (the “Financing Transactions”). Satisfaction of the Merger Condition requires that Dawn Merger Sub, LLC (the “Merger Sub”) will have validly merged with and into AOT Bedding Super Holdings, LLC (“Holdings”), with Holdings surviving (the “Merger”) as an indirect wholly-owned subsidiary of Dawn Intermediate, Inc. After consummation of the Merger, Simmons, together with Holdings, is expected to have net proceeds from the Financing Transactions, together with cash on hand, sufficient to pay the Total Consideration or Tender Offer Consideration, as applicable, for all the tendered Notes, plus all fees and expenses incurred in connection with the Tender Offer. However, there can be no assurance that Simmons will consummate the Financing Transactions or the Merger.

Simmons has engaged Goldman, Sachs & Co. as the exclusive Dealer Manager for the Tender Offer. Persons with questions regarding the Tender Offer should contact Goldman, Sachs & Co. at (800) 828-3182 (toll-free) or (212) 902-6941 (collect). Requests for copies of the Offer to Purchase, Letter of Transmittal or other offer materials may be directed to D.F. King & Co., the information agent and tender agent, at (800) 347-4750 (toll-free) or (212) 269-5550 (banks and brokers).

This press release is not an offer to purchase any Notes in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities, “blue sky” or other laws. No dealer, salesperson or other person has been authorized to give any information or to make any representation not contained or incorporated by reference in the Offer to Purchase. Simmons takes no responsibility for, and can provide no assurance as to, the reliability of any other information that other persons may give you. The Tender Offer is made only by, and pursuant to the terms of, the Offer to Purchase, and the information in this press release is qualified by reference to the Offer to Purchase and the Letter of Transmittal. Neither Simmons nor any of its representatives or agents makes any recommendation in connection with the Tender Offer.

About Simmons

Simmons was founded in 1870 and manufactures innerspring bedding products primarily under the Beautyrest®, Beautyrest Black® and Beautyrest TruEnergy™ labels. Simmons’ products utilize its signature Pocketed Coil® springs, patented Advanced Pocketed Coil™ springs and patent-pending Smart Response Pocketed Coil™ technologies. In addition, Simmons manufactures and markets specialty visco-elastic and/or natural latex mattresses, primarily under the ComforPedic® label, and open-coil innerspring mattresses, primarily under the BeautySleep® label. Simmons licenses intellectual property to international companies that manufacture and sell Simmons premium branded products throughout the world. As of June 30, 2012, Simmons had 14 foreign licensees and eight sub-licensees with rights to sell Simmons-branded products in over 100 countries. Simmons also licenses certain of its intellectual property to North American manufacturers and distributors of bedding accessories, furniture, airbeds and other associated products. Simmons products are also offered across various distribution channels, including Simmons’ traditional area of strength—multi-vendor retailers.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include statements related to Simmons’s plans to enter into the Financing Transactions and those which express plan, anticipation, intent, contingency, goals, targets or future development and/or otherwise are not statements of historical fact. The words “anticipate”, “believe”, “intend”, “estimate”, “project”, “forecast”, “plan”, “potential”, “will”, “may”, “should” and “expect” and similar expressions also identify forward-looking statements. These statements are based upon Simmons’s current expectations and are subject to risks and uncertainties which could cause actual results and developments to differ materially from those expressed or implied in such statements. Factors that could affect actual results and developments include Simmons’s financial results, other developments in Simmons’s business, conditions in the debt markets and market conditions generally and the ability to close the Merger and the Financing Transactions. Investors should evaluate any statement in light of these important factors. Forward-looking statements contained in this press release are made as of this date, and, other than as required by applicable law, Simmons undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Actual events could differ materially from those anticipated in the forward-looking statements.

The terms of the Tender Offer are described in the Offer to Purchase dated September 12, 2012 (the “Offer to Purchase”) and related Letter of Transmittal (the “Letter of Transmittal”), which are being sent to holders of the Notes (“Holders”). Subject to applicable law, Simmons may amend, extend, and/or waive conditions or terminate the Tender Offer in its sole discretion.

In order to be eligible to receive the “Total Consideration” for tendered Notes, Holders must validly tender (and not validly withdraw) their Notes prior to 5:00 p.m., New York City time, on September 25, 2012, unless extended by Simmons (the “Early Tender Deadline”). The Total Consideration for the Notes validly tendered (and not validly withdrawn) prior to the Early Tender Deadline and accepted for payment by Simmons is $1,035.50 per $1,000 principal amount of Notes. The Total Consideration includes a payment of $20.00 per $1,000 principal amount of Notes (the “Early Tender Payment”). The Total Consideration less the Early Tender Payment is referred to as the “Tender Offer Consideration.” Holders must validly tender (and not validly withdraw) their Notes prior to 12:00 midnight, New York City time, on October 10, 2012, unless extended by Simmons (the “Expiration Time”) in order to receive the Tender Offer Consideration. Holders tendering Notes after the Early Tender Deadline, but prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration only. Holders will receive accrued and unpaid interest in respect of their purchased Notes up to, but not including, the applicable Settlement Date for all of their Notes that Simmons accepts for purchase in the Tender Offer. Tendered Notes may be withdrawn in accordance with the terms of the Tender Offer prior to 5:00 p.m., New York City time, on September 25, 2012, unless extended by Simmons (the “Withdrawal Deadline”), but not thereafter, other than as required by applicable law.

Simmons intends to redeem, satisfy and discharge any Notes that remain outstanding following the Early Settlement Date at a redemption price equal to $1,030.00 for each $1,000 principal amount of Notes, by notice to Holders provided on October 1, 2012, in accordance with the terms of the Indenture, unless extended by Simmons in its sole discretion.

The following table summarizes the material pricing terms for the Early Tender Payment, Tender Offer Consideration and Total Consideration, respectively, for each $1,000 principal amount of Notes.

The Tender Offer is subject to certain conditions that are set forth in the Offer to Purchase, among them the “Financing Condition” and the “Merger Condition.” Satisfaction of the Financing Condition requires that Simmons obtain new debt financing in an amount, and together with cash on hand, that is sufficient to pay the Total Consideration or the Tender Offer Consideration, as applicable, to Holders, on terms and conditions satisfactory to Simmons in its sole discretion (the “Financing Transactions”). Satisfaction of the Merger Condition requires that Dawn Merger Sub, LLC (the “Merger Sub”) will have validly merged with and into AOT Bedding Super Holdings, LLC (“Holdings”), with Holdings surviving (the “Merger”) as an indirect wholly-owned subsidiary of Dawn Intermediate, Inc. After consummation of the Merger, Simmons, together with Holdings, is expected to have net proceeds from the Financing Transactions, together with cash on hand, sufficient to pay the Total Consideration or Tender Offer Consideration, as applicable, for all the tendered Notes, plus all fees and expenses incurred in connection with the Tender Offer. However, there can be no assurance that Simmons will consummate the Financing Transactions or the Merger.

Simmons has engaged Goldman, Sachs & Co. as the exclusive Dealer Manager for the Tender Offer. Persons with questions regarding the Tender Offer should contact Goldman, Sachs & Co. at (800) 828-3182 (toll-free) or (212) 902-6941 (collect). Requests for copies of the Offer to Purchase, Letter of Transmittal or other offer materials may be directed to D.F. King & Co., the information agent and tender agent, at (800) 347-4750 (toll-free) or (212) 269-5550 (banks and brokers).

This press release is not an offer to purchase any Notes in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities, “blue sky” or other laws. No dealer, salesperson or other person has been authorized to give any information or to make any representation not contained or incorporated by reference in the Offer to Purchase. Simmons takes no responsibility for, and can provide no assurance as to, the reliability of any other information that other persons may give you. The Tender Offer is made only by, and pursuant to the terms of, the Offer to Purchase, and the information in this press release is qualified by reference to the Offer to Purchase and the Letter of Transmittal. Neither Simmons nor any of its representatives or agents makes any recommendation in connection with the Tender Offer.

About Simmons

Simmons was founded in 1870 and manufactures innerspring bedding products primarily under the Beautyrest®, Beautyrest Black® and Beautyrest TruEnergy™ labels. Simmons’ products utilize its signature Pocketed Coil® springs, patented Advanced Pocketed Coil™ springs and patent-pending Smart Response Pocketed Coil™ technologies. In addition, Simmons manufactures and markets specialty visco-elastic and/or natural latex mattresses, primarily under the ComforPedic® label, and open-coil innerspring mattresses, primarily under the BeautySleep® label. Simmons licenses intellectual property to international companies that manufacture and sell Simmons premium branded products throughout the world. As of June 30, 2012, Simmons had 14 foreign licensees and eight sub-licensees with rights to sell Simmons-branded products in over 100 countries. Simmons also licenses certain of its intellectual property to North American manufacturers and distributors of bedding accessories, furniture, airbeds and other associated products. Simmons products are also offered across various distribution channels, including Simmons’ traditional area of strength—multi-vendor retailers.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include statements related to Simmons’s plans to enter into the Financing Transactions and those which express plan, anticipation, intent, contingency, goals, targets or future development and/or otherwise are not statements of historical fact. The words “anticipate”, “believe”, “intend”, “estimate”, “project”, “forecast”, “plan”, “potential”, “will”, “may”, “should” and “expect” and similar expressions also identify forward-looking statements. These statements are based upon Simmons’s current expectations and are subject to risks and uncertainties which could cause actual results and developments to differ materially from those expressed or implied in such statements. Factors that could affect actual results and developments include Simmons’s financial results, other developments in Simmons’s business, conditions in the debt markets and market conditions generally and the ability to close the Merger and the Financing Transactions. Investors should evaluate any statement in light of these important factors. Forward-looking statements contained in this press release are made as of this date, and, other than as required by applicable law, Simmons undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Actual events could differ materially from those anticipated in the forward-looking statements.

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688592

Fitch Ratings has published updated recovery analyses for U.S. Homebuilders and Building Materials companies, including:

Beazer Homes USA, Inc.

Hovnanian Enterprises, Inc.

KB Home

M/I Homes, Inc.

Meritage Corp.

Standard Pacific Corp.

USG Corporation

Fitch has made a change in its Recovery Ratings and Notching Criteria. This revision reflects the insertion of additional notches into Fitch's master rating scale for instrument ratings, and do not reflect any change in Fitch's view of the creditworthiness of the company or the instrument affected in this rating revision.

The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:

Sectors then Corporate Finance then Corporates then Research

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (Aug. 8, 2012);

--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers' (August 14, 2012);

-- U.S. Homebuilding Industry - Recovery Rating Methodology, (April 7, 2008).

Applicable Criteria and Related Research:

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686476

U.S. Homebuilding and Building Materials Issuers Recovery Analyses

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=534126

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

The report is available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Municipal Gas Authority of Georgia (Gas Revenue Bond)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688324

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688581

Fitch Ratings has published updated recovery analyses for U.S. Retailers, including:

--The Bon-Ton Stores, Inc. (BONT) (as of July 28, 2012)

--Levi Strauss & Co. (as of May 27, 2012)

--Neiman Marcus, Inc. (NMG) (as of Apr. 28, 2012)

--RadioShack Corporation (RSH) (as of June 30, 2012)

--Rite Aid Corporation (RAD) (as of June 2, 2012)

--Sears Holdings Corporation (SHLD) (as of July 28, 2012)

--SUPERVALU Inc. (SVU) (as of June 16, 2012)

--Toys 'R' Us, Inc. (TOY) (as of July 28, 2012)

The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:

Sectors then Corporate Finance then Corporates then Research

Additional information is available at 'www.fitchratings.com'.

The Recovery Ratings reflect the application of Fitch's current criteria which is available on Fitch's website at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (Aug. 8, 2012);

--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers' (Aug. 14, 2012).

Applicable Criteria and Related Research:

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647229

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=628489

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

“I’m glad this rifle will be auctioned off for a great cause.”

Along with best-selling author of American Sniper: The Autobiography of the Most Lethal Sniper in U.S. Military History and highly decorated U.S. Navy SEAL Chris Kyle, Will Hayden’s team will remake a H&K 416 into something that resembles the rifle that killed Osama bin Laden. The gun will become an H&K MR556, and will be created specifically for auction beginning tonight until Sept. 26 with all proceeds going to FITCO Cares.

“What FITCO Cares does for our brave men and women struggling with Post-Traumatic Stress Disorder, getting back in shape and acclimating back to civilian life are phenomenal,” said Kyle. “I’m glad this rifle will be auctioned off for a great cause.”

The gun will be designed as civilian grade (semi-automatic and a longer barrel), signed by both Chris Kyle and Will Hayden, and feature many state-of-the-art attributes including:

• Surefire Flashlight with remote tapeswitch
• Tangodown Quick detach vertical foregrip
• Eotech Tan EXPS Holographic sight and Flip-to-Side magnifier
• LDI DBAL laser sight
• Magpul CTR stock and sights
• Guissele SSA trigger

The gun will be the focus of a two-week national auction that can be accessed through FITCO Cares’ website. On October 1, FITCO Cares will announce the winner, as well as the total proceeds that will go to helping more soldiers overcome Post-Traumatic Stress Disorder (PTSD) and be given high-performance fitness equipment.

“We can’t wait for this episode to air this evening because of the good that will come out of it,” said Travis Cox, director of FITCO Cares and a U.S. Marine recon/sniper in his own right. “We are hoping this unique rifle will help raise thousands of dollars for the deserving brothers and sisters defending our country.”

The relationship between Chris Kyle and FITCO Cares traces back to a personal need. Kyle originally approached FITCO CEO Jason Kos for help with other soldiers’ acclimation back to civilian life. Kyle knew about FITCO and its reputation in the elite fitness equipment industry. He approached Kos about possibly donating some used equipment to some guys he knew from his tours overseas.

Following a two-hour meeting, Kos and Kyle created a bigger and better idea, make that request perpetual and a mission. Together, they formed FITCO Cares as a separate 501(c)(3) to share the assistance for all returning soldiers to get physically and emotionally fit again.

“I was blown away,” Kyle said. “They’ve gone way above and beyond.”

To bring attention to the cause of helping veterans with their physical and mental health, FITCO Cares is facilitating this national auction. The “Sons of Guns” premiere on Discovery will air tonight at 9 p.m. ET/8 p.m. CT.

For more information on facilitation of donated health club memberships, individualized programs, personal training and life coaching to in-need veterans with disabilities, Gold Star families and those suffering from PTSD, contact FITCO Cares at (888) 516-2086 or visit www.FITCOCares.org.

The FITCO Cares Foundation is recognized as a 501(c)(3) by the Internal Revenue Service so all donations are tax deductible.

About FITCO Cares

Established in 2012, FITCO Cares “Heroes Project” provides free, in-home fitness equipment, facilitation of donated health club memberships, individualized programs, personal training and life coaching to in-need veterans with disabilities, Gold Star families and those suffering from PTSD. Our goal is to provide the necessary equipment and training to allow these individuals to pursue their recovery from the privacy of their own home. The FITCO Cares Heroes Project in-home gyms provide easy access and a more private environment to work out and work through some of these uncertainties. The FITCO Cares Foundation is recognized as a 501(c)(3) by the Internal Revenue Service so all donations are tax deductible. For more information about FITCO Cares, visit www.FITCOCares.org.

About FITCO

FITCO, recently voted as one of “Dallas’ Best Places to Work” by the Dallas Business Journal, specializes in providing a superior fitness experience for customers by delivering premium commercial fitness equipment. The company also provides full solutions including site design, equipment selection and installation of equipment. Partners include multi-family units, hotels, country clubs, municipalities and corporate fitness centers around the country. Headquartered in Dallas, FITCO has offices in Alabama, Florida, Georgia, Tennessee and Utah. For more information about FITCO, visit www.FITCOFitness.com.

The servicer rating is based on the methodology described in Fitch's reports 'U.S. Commercial Mortgage Servicer Rating Criteria,' dated Feb. 18, 2011, and 'Global Rating Criteria for Structured Finance Servicers' dated Aug. 16, 2010, available on Fitch's web site www.fitchratings.com.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'U.S. Commercial Mortgage Servicer Rating Criteria' Feb. 18, 2011;

--'Global Rating Criteria for Structured Finance Servicers' Aug. 16, 2010.

Applicable Criteria and Related Research:

U.S. Commercial Mortgage Servicer Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=584005

Global Rating Criteria for Structured Finance Servicers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547305

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

“This strategic realignment marks a significant milestone in the development of a new Engility. By fundamentally organizing our business differently and streamlining our operations, we are creating a new business that is more agile, customer-focused and disruptively competitive”

Under the new operating structure, which will take effect January 1, 2013, Engility will do business through a centralized operating group with four business units. Support functions from current business units will be consolidated to create a highly efficient and responsive corporate-level infrastructure. The Company realignment will provide added customer focus, with business units concentrating on opportunities in the training and mission support services, technology services, engineering and program support services, and international development services markets. Shared service centers will support operations to deliver Engility’s customers the best possible support wherever and whenever needed around the world. The Company plans to align its external and internal financial reporting within the new unified structure on January 1, 2013.

John Heller, currently President of Engility’s Professional Support Services division, will lead operations for the Company under the new organizational structure. John Craddock, currently President of Engility’s Mission Support Services division, will lead a new strategic relations function for the Company aimed at strengthening high level relationships with customers and other key government stakeholders. The current Professional Support Services and Mission Support Services organizational structures will be eliminated under the realignment.

“This strategic realignment marks a significant milestone in the development of a new Engility. By fundamentally organizing our business differently and streamlining our operations, we are creating a new business that is more agile, customer-focused and disruptively competitive,” said Tony Smeraglinolo, President and CEO of Engility. “Consistent with the strategy that we articulated when we established Engility as an independent company, our new organizational structure will position the Company to succeed in an evolving market for government services by focusing our abilities to pursue new opportunities to capture market share and execute programs for our customers in the most cost-effective manner. This realignment is a strategic step aimed at preparing Engility for our next phase of growth.”

Engility will be offering a voluntary employment separation program to a number of management and administrative-support employees and anticipates additional reductions in order to achieve an industry-leading cost structure. The Company anticipates these reductions will be completed by the end of the year and will total less than four percent of the Company’s total workforce.

Mr. Smeraglinolo continued, “These reductions are restricted to a limited number of our employees and are focused on areas of functional redundancy identified during the strategic planning process that culminated in this realignment. There will be no impact on our more than 7,000 employees working side-by-side with customer counterparts in the field or our day-to-day operations. We will maintain our focus on providing industry-best service with integrity, efficiency, and a continued dedication to the success of our customers’ missions.”

“All of our employees have made significant contributions to the 40-year legacy of success that serves as Engility’s foundation and I thank them for their invaluable contributions as we continue to build on that success.”

About Engility Corporation

Engility is a pure-play Government Services contractor providing highly-skilled personnel wherever, whenever they are needed, in a cost effective manner. Headquartered in Chantilly, VA, Engility is a leading provider of systems engineering services, training, program management, and operational support for the U.S. government worldwide, with approximately 8,000 employees worldwide.

To learn more about Engility, please visit the Company's website at www.engilitycorp.com. You can also find on the website a copy of the Company's Form 10 Registration Statement, as filed with the Securities and Exchange Commission, which contains detailed business and financial information regarding Engility.

FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the Exchange Act) relating to our operations, results of operations and other matters that are based on our current expectations, estimates, assumptions and projections. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to: (a) the loss or delay of a significant number of our contracts; (b) a decline in or a redirection of the U.S. defense budget; (c) the Department of Defense’s wide-ranging efficiencies initiative, which targets affordability and cost growth; (d) the intense competition for contracts in our industry, as well as the frequent protests by unsuccessful bidders; (e) our indefinite delivery, indefinite quantity (IDIQ) contracts, which are not firm orders for services, and could generate limited or no revenue; (f) our government contracts, which contain unfavorable termination provisions and are subject to audit and modification; (g) the mix of our cost-plus, time-and-material and fixed-price type contracts; (h) our ability to attract and retain key management and personnel; (i) the impairment of our goodwill and other long-lived identifiable intangible assets, which represent a significant portion of the assets on our balance sheet; (j) changes in regulations or any negative findings from a U.S. Government audit or investigation; (k) current and future legal and regulatory proceedings; (l) risks associated with our international operations; (m) security threats and other disruptions; (n) U.S. federal income tax liabilities that relate to the distribution in the spin-off of Engility; (o) our inability to meet the financial reporting and other requirements to which we are now subject following the spin-off due to inadequate accounting and other management systems and resources; (p) our inability to achieve some or all of the benefits that we expect to achieve from the spin-off; (q) the reluctance of our customers, prospective customers and suppliers that may be uncertain as to our financial stability as a stand-alone entity to continue to do business with us; (r) the level of indebtedness that we incurred in connection with the spin-off, our ability to comply with the terms of our debt agreements and our ability to finance our future operations, if necessary; (s) potential liabilities arising out of state and federal fraudulent conveyance laws and legal distribution requirements as a result of the spin-off; and (t) the additional costs that we may incur as an independent company. For a more detailed discussion of these factors, see the information under the heading “Risk Factors” in the Information Statement included in our Registration Statement on Form 10, as amended and filed with the SEC on June 27, 2012. Forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, historical information should not be considered as an indicator of future performance.

“Plant science works. When we combine plant breeding with biotech traits, like drought tolerance, we can enable energy crops to reach greater scale and improve their ability to grow on marginal, low-rent land.”

Among the field demonstrations, Ceres’ newest sweet sorghum hybrids drew the greatest attention. These products, which were developed under the company’s long-term, exclusive collaboration with Texas A&M University, have demonstrated high yields in test plots last season in Brazil. Ceres expects to begin selling the new hybrids later this year. Brazilian ethanol mills are currently utilizing sweet sorghum as a way to extend their production season.

For biomass markets, Ceres also unveiled the next generation of improvements in its switchgrass product line — the first hybrid switchgrass developed for bioenergy. These pre-commercial products represent an important step in switchgrass plant breeding and have shown significant yield increases over current products. Ceres product developers also highlighted seeded miscanthus varieties, which promise multi-fold reductions in establishment costs over competing miscanthus types.

Ceres President and Chief Executive Officer Richard Hamilton, who opened the morning event, underscored the need for greater scale and efficiency in bioenergy, and the fundamental role that feedstock plays. “There are many reasons to be interested in bioenergy. Biofuels already make up 10% of our fuel supply in the U.S., and it’s over 50% in Brazil. To increase levels even further, we need a supply of feedstock that is produced separately and distinctly from the food supply; one that is scalable, sustainable and economically attractive. That is what you will see all around you today,” he told attendees.

In addition to Ceres’ field presentations, guest speakers included representatives from Brazil’s largest ethanol mill group, Raizen, as well as processing technology company Fermentec and São Paulo-based market consultancy firm, Agrosecurity. Chemtex also provided an update on the expected opening of the world’s first commercial-scale cellulosic biorefinery in Italy as well as their U.S. plans, and a feedstock supply chain expert at Genera Energy shared an analysis of biomass production economics in the United States.

Jeff Gwyn, PhD, Ceres’ Vice President of Breeding and Genomics, said the goal of the bioenergy field day is to help guests better understand the technologies Ceres uses to develop and commercialize new seed varieties and traits. “Plant science works. When we combine plant breeding with biotech traits, like drought tolerance, we can enable energy crops to reach greater scale and improve their ability to grow on marginal, low-rent land.”

He noted that the experience of seeing the crops close-up can change your perspective on bioenergy. “When you walk within a stand of full-grown sorghum, the sunlight quickly disappears. The size of the crops make you realize just how effective plants can be at storing solar energy,” said Gwyn.

ABOUT CERES

Ceres, Inc. is an agricultural biotechnology company that markets seeds for energy crops used in the production of renewable transportation fuels, electricity and bio-based products. The company combines advanced plant breeding and biotechnology to develop products that can address the limitations of first-generation bioenergy feedstocks, increase biomass productivity, reduce crop inputs and improve cultivation on marginal land. Its development activities include sweet sorghum, high-biomass sorghum, switchgrass and miscanthus. Ceres markets its products under its Blade brand.

CERES FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. All statements, other than statements of historical facts, including statements regarding our efforts to develop and commercialize our products, our short-term and long-term business strategies, market and industry expectations, future operating metrics, product yields and future results of operations and financial position, are forward-looking statements. You should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control. Factors that could materially affect actual results can be found in Ceres’ filings with the U.S. Securities and Exchange Commission. Ceres undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Ceres’ views as of any date subsequent to the date of this press release.

The Rating Watch Negative reflects Fitch's analysis of BACBI's program following the implementation of the criteria no longer supports its current rating. The asset percentage (AP) that Fitch takes into account in its analysis of 80.7% does not support a two-notch recovery uplift from the Long-term Issuer Default Rating (IDR) of the program sponsor Bank of America N.A. (BANA; rated 'A'/'F1' with a Stable Outlook by Fitch) to maintain the current 'AA-' rating. Under its updated criteria, Fitch considers the BACBI program to be in wind-down and therefore relies on the contractual AP level. Previously, Fitch took into account the highest AP of the last year (76.3% as of March 2012).

No Outlook has been assigned to the covered bonds issued by WM Covered Bond Program (WMCBP) which remain on Negative Watch because the long-term IDR of the program sponsor JP Morgan Chase Bank N.A.' (JPM; rated 'A+'/'F1'; Negative Watch by Fitch), is on Negative Watch. Stable Outlooks have been assigned to the ratings of all Canadian programs. Discontinuity Caps (D-Caps) have also been assigned to each program.

Fitch expects to receive feedback from BANA within one month regarding any plans to change its program. If no changes are proposed, Fitch expects to downgrade the rating. If changes likely to impact the ratings are proposed, Fitch will review any implementation plans to determine how the Negative Watch should be resolved. Provided changes addressing the drivers of a potential downgrade are implemented within a reasonable timeframe, the ratings would be affirmed.

The Stable Outlooks assigned to the ratings of the Canadian programs reflect the Stable Outlooks on the sovereign and issuers' IDRs. Also, Fitch's expectation is that both the asset performance and OC maintenance will remain stable.

D-Caps determine the maximum rating notch uplift from the IDR to the covered bond rating on a probability of default (PD) basis reflecting Fitch's view of the likelihood of a program defaulting in the aftermath of an issuer default. For cases apart from a D-Cap of 8 (minimal discontinuity), the D-Cap is based on the highest risk assessment of the following components: asset segregation, liquidity gap and systemic risk, alternative management (systemic and cover pool-specific) and privileged derivatives.

Fitch has assigned a very low risk assessment of asset segregation for the US covered bonds because the agency considers it very unlikely that any claims would reduce the cover pool available to investors post issuer default. For the Canadian programs, the agency has assigned a moderate assessment of asset segregation to take into account the risks associated with asset and liability clawback, set-off and commingling. The moderate assessment reflects the presence of these risks but the agency views these factors as unlikely to materially affect the cover pool post issuer default.

The liquidity gap and systemic risk component of the D-Cap drives the overall assessment for US programs because of the weak liquidity mechanisms provided for in the programs, which are reflected in assessments of very high and full discontinuity for BACBI and WMCBP, respectively. As the US sovereign IDR is 'AAA' with a Negative Outlook, the rating does not act as a constraining factor in this assessment of the US programs.

For the liquidity gap and systemic risk component, all Canadian programs have been assigned a moderate risk assessment reflecting adequate protection from payment discontinuity in the form of extendable maturities (12 months) and pre-maturity tests (12 months) triggered at the loss of the issuers' 'F1+' rating. As the Canadian sovereign IDR is 'AAA' with a Stable Outlook, the rating does not act as a constraining factor in this assessment of the Canadian programs.

The systemic alternative management risk assessment is moderate high for both the US and Canadian programs due to the significant roles being performed post issuer default by the trustee, acting on behalf of the guarantor, who would likely seek bondholder approval for major decisions and need to contract other parties to perform important functions. However, Fitch gains comfort from contractual provisions being in place designating a responsible party post issuer default.

Fitch considers the US programs to have high cover pool-specific alternative management risk as the sponsors have not actively issued since 2007 and data provision in certain areas such as cover pool cash flows and historical asset performance has been weak. With the exception of Caisse Centrale Desjardins (CCD), this assessment is moderate for the Canadian programs, which comprise only residential mortgage cover pools and the sponsors have adequate IT systems and data delivery. CCD's cover pool-specific assessment is viewed as weaker (moderate high) than that of the other Canadian programs given the complexity of its decentralized servicing operation, which is spread across over 150 member caisses, or credit unions.

The moderate risk assessment for privileged derivatives for the BACBI program is primarily due to the reliance on external counterparties to pay covered bond interest post issuer default, with the assessment as moderate risk. The same risk exists for the WMCBP but the assessment is very low risk as now credit is given for this feature considering the overall full discontinuity assessment. This risk assessment is moderate for all Canadian programs, given the use of internal counterparties for material cross currency swaps between assets and liabilities. This component is not the sole driver of the D-Cap for any of the listed programs.

The programs' D-Caps and the risk assessment of the D-Cap components are as follows:

The Negative Watch is driven by the revised treatment for wind down programmes under the updated criteria. Fitch considers the programme in wind down because no issuance has occurred since 2007. A 'AA-' rating for the covered bonds is still possible, but the current level of AP that Fitch relies on does not support two notches recovery uplift from BANA's long-term IDR.

The driver of the D-Cap is the very high risk assessment for liquidity gap and systemic risk. The assessment reflects the 120-day extension period on the bonds which potentially gives the trustee only 30 days to liquidate the cover pool if the Federal Deposit Insurance Corporation (FDIC) imposes a 90-day automatic stay period on BANA's insolvency estate.

The Negative Watch is driven by the JPM's long-term IDR which remains on Negative Watch.

The driver of the D-Cap is the full discontinuity assessment for liquidity gap and systemic risk. The assessment reflects the 60-day extension period on the Series 2 bonds which does not provide the trustee with sufficient time to liquidate the cover assets if the FDIC imposes a 90-day automatic stay period on JPM's insolvency estate.

For all of the above mentioned programs, the driver of the D-Cap is the moderate high risk assessment of systemic alternative management risk.

The driver of the D-Cap for CCD's program is the moderate high risk assessment of systemic and cover pool-specific alternative management risk.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

Covered Bonds Counterparty Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681797

ResiLogic^TM Mortgage Loss Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686011

U.S. RMBS Loan Loss Model Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685646

Covered Bonds Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688092

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

“Our Company had a strong year with growth in revenue and operating income in both the North American and International markets”

Annual Highlights

• Revenues of $260 million were the second highest in the history of the Company
• Non-GAAP fiscal 2012 earnings, which were adjusted to exclude a pension adjustment, were $10.0 million or $1.48 per share compared to GAAP earnings of $6.8 million or $1.02 per share in fiscal 2011
• GAAP fiscal 2012 earnings, including the pension adjustment, were $0.9 million or $0.13 per share
• A $15.2 million non-cash pension adjustment was recorded in the fourth quarter of fiscal 2012.

“Our Company had a strong year with growth in revenue and operating income in both the North American and International markets,” said President and CEO Douglas Starrett.

The table below illustrates the impact of the non-cash pension adjustment in the fourth quarter and full year.

Solid revenue growth continued in fiscal 2012 as sales increased $15.3 million or 6.3% over a strong fiscal 2011. The Company was not immune to the financial volatility of the past twelve months as lower long-term interest rates driven by Federal Reserve policy led to the discount rate falling to historic lows. As a result, the Company recognized a significantly higher pension liability, and a $17.2 million non-cash annual pension expense, including a $15.2 million pension adjustment, recorded in the fourth quarter of fiscal 2012. The eight fold increase in normal pension expense negatively impacted gross margin and selling, general and administrative expenses and was the prime driver in the net loss for the fourth quarter and the small profit results for the year.

Net sales in North America increased $9.4 million or 8% from $119.7 million in fiscal 2011 to $129.1 million in fiscal 2012. International sales increased $5.9 million or 5% from $125.1 million in fiscal 2011 to $131.0 million in fiscal 2012.

About L. S. Starrett

Founded in 1880 by Laroy S. Starrett and incorporated in 1929, the Company is engaged in the business of manufacturing over 5,000 different products for industrial, professional and consumer markets. As a global manufacturer with major subsidiaries in Brazil (1956), Scotland (1958) and China (1997), the Company offers its broad array of products to the market through multiple channels of distribution throughout the world. The Company’s products include precision tools, electronic gages, gage blocks, non-contact optical, vision and laser measurement systems, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, reciprocating saw blades, M1® lubricant and precision ground flat stock.

Cautionary Statement Concerning Non-GAAP Statements

This press release contains non-GAAP statements regarding the impact of a non-cash pension expense adjustment in the Company’s fourth quarter and full year results.

The report is available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Clark County School District, Nevada

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686797

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

“But beyond today, there is so much work to be done – throughout the country. I encourage people to get on board with our Nutrition Mission and help feed the millions of Americans struggling with hunger in so many communities.”

To kick off the campaign partnership, long-time hunger advocate Sheryl Crow, is inviting consumers to join her at the Nutrition Mission Pantry in New York’s Union Square to collect non-perishable food items to benefit the Food Bank For New York City, one of Feeding America’s largest food banks. “I’m excited to be in Union Square today to kick off the One A Day Women’s Nutrition Mission while also supporting the great city of New York,” says Sheryl Crow. “But beyond today, there is so much work to be done – throughout the country. I encourage people to get on board with our Nutrition Mission and help feed the millions of Americans struggling with hunger in so many communities.”

Buy a Bottle, Make a Difference

As part of the One A Day Women’s brand commitment to the Nutrition Mission, starting this month and through November 30^th, when consumers purchase a bottle of One A Day Women’s Multivitamins, the brand will make a donation of two meals - up to 2 million meals - to Feeding America.^†

“The One A Day Women’s brand is dedicated to providing nutritional support for women, the families they care for and the communities they live in,” says Barton Warner, VP, Marketing, Bayer HealthCare. “And now through our work on the Nutrition Mission, we’re delighted with the opportunity to work with Sheryl Crow and our partners at Feeding America to help provide nourishment to those struggling with hunger throughout the country.”

Feeding America Speaks Out Against Hunger

Feeding America, the nation's leading domestic hunger-relief charity, works to feed Americans in need through its network of more than 200 food banks nationwide. During Hunger Action Month, their network of food banks unite to urge individuals to take action by speaking out against hunger. Through this partnership with Sheryl Crow and the One A Day Women’s brand, Feeding America hopes to spread the word about how a little bit of help can make a substantial difference.

“Feeding America is excited about the Nutrition Mission and thankful for the generous donation,” says Leah Ray, Vice President of Corporate Relations, Feeding America. “Not only will the 2 million meals be a huge help but we’re thrilled that the One a Day Women’s brand along with Sheryl Crow are helping us to bring the issue of hunger to the forefront this Hunger Action Month.”

Nutrition Mission in Action

The Nutrition Mission Pantry, located on the south side of Union Square in Manhattan, will be open from 10:00 am to 7:00 pm on September 12, 2012. Consumers are invited to join Sheryl Crow, the makers of One A Day Women’s Multivitamins and representatives from Feeding America, and donate non-perishable food items to benefit the Food Bank for New York City.

Consumers around the country are invited to participate through the purchase of One A Day Women’s Multivitamins from September 1^st through November 30^th; each purchase will generate a donation from the One A Day Women’s brand of two meals - up to 2 million meals - to Feeding America.^†

To learn more about supporting the Nutrition Mission, visit www.NutritionMission.com.

About One A Day Multivitamins

Bayer Consumer Care's complete line of One A Day products provides gender-specific and lifestyle benefits based on individual health concerns. The One A Day multivitamin line includes One A Day Women's with calcium and vitamin D to support bone strength; One A Day Men's Health Formula specially formulated to support heart health**, healthy blood pressure^†† and B vitamins to help convert food to energy; One A Day Men's 50+ Healthy Advantage which supports cell health, heart health**, healthy blood pressure^††, eye health, and conversion of food to energy; One A Day Women's 50+ Healthy Advantage which supports cell health and bone strength; One A Day Women's Prenatal with DHA to support healthy fetal brain and eye development; One A Day Active Mind & Body with key ingredients to support mental alertness and conversion of food to physical energy; One A Day Teen Advantage for Her to help address teen girls' important concerns with key nutrients to support healthy skin; and One A Day Teen Advantage for Him to help address teen boys' important concerns with key nutrients to support healthy muscle function.^* For more information about One A Day multivitamins, visit www.oneaday.com.

About Feeding America

Feeding America provides low-income individuals and families with the fuel to survive and even thrive. As the nation's leading domestic hunger-relief charity, their network members supply food to more than 37 million Americans each year, including 14 million children and 3 million seniors. Serving the entire United States, more than 200 member food banks support 61,000 agencies that address hunger in all of its forms. For more information on how you can fight hunger in your community and across the country, visit www.feedingamerica.org.

Bayer: Science For A Better Life

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. As an inventor company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and acts as a socially and ethically responsible corporate citizen. In fiscal 2011, the Group employed about 112,000 people and had sales of €36.5 billion. Capital expenditures amounted to €1.7 billion, R&D expenses to €2.9 billion. For more information, go to www.bayer.com.

About Bayer HealthCare

The Bayer Group is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. Bayer HealthCare, a subgroup of Bayer AG with annual sales of EUR 17.2 billion (2011), is one of the world’s leading, innovative companies in the healthcare and medical products industry and is based in Leverkusen, Germany. The company combines the global activities of the Animal Health, Consumer Care, Medical Care and Pharmaceuticals divisions. Bayer HealthCare’s aim is to discover, develop, manufacture and market products that will improve human and animal health worldwide. Bayer HealthCare has a global workforce of 55,700 employees (Dec 31, 2011) and is represented in more than 100 countries. Find more information at www.healthcare.bayer.com.

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The Consumer Care division of Bayer HealthCare is headquartered in Morristown, N.J. Bayer’s Consumer Care division is among the largest marketers of over-the-counter medications and nutritional supplements in the world. Some of the most trusted and recognizable brands in the world today come from the Bayer portfolio of products. These include Bayer® Aspirin, Aleve®, Alka-Seltzer Plus®, Bactine®, RID®, Phillips’® Milk of Magnesia, Midol®, Alka-Seltzer®, One A Day® vitamins, and FlintstonesTM vitamins in the United States, and, globally, Aspirin®, Flanax®/Apronax®, Talcid®, Rennie®, Canesten®, Bepanthen®, Bepanthol®, Supradyn®, Redoxon®, Berocca®, Cal-D-Vita/Elevit® and Vital 50 Plus®.

Forward-Looking Statements

This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

‡ USDA, “Household Food Security in the United States in 2011”, September 2012.

† 25¢ donation per bottle up to a maximum of $250,000 or through 11/30/12, $1 = 8 meals secured by Feeding America on behalf of local food banks.

†† To help maintain blood pressure levels already within the normal range.

^** Not a replacement for heart medications.

** * This statement has not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.

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About C Spire Wireless

C Spire Wireless is a diversified wireless communications company passionately committed to helping customers by personalizing wireless services designed just for them. The company is the first wireless provider in the U.S. to personalize customers’ experience by offering apps that fit who they are, services that anticipate their needs, and rewards for using their phone in new ways – all with seamless ease and at amazingly fast speeds. This news release and other announcements are available at www.cspire.com/news. For more information about C Spire Wireless and its products and services, visit www.cspire.com or follow us on Facebook at www.facebook.com/cspire, Twitter at www.twitter.com/cspire, Google+ or www.pinterest.com/cspirewireless.

About C Spire Wireless

C Spire Wireless is a diversified wireless communications company passionately committed to helping customers by personalizing wireless services designed just for them. The company is the first wireless provider in the U.S. to personalize customers’ experience by offering apps that fit who they are, services that anticipate their needs, and rewards for using their phone in new ways – all with seamless ease and at amazingly fast speeds. This news release and other announcements are available at www.cspire.com/news. For more information about C Spire Wireless and its products and services, visit www.cspire.com or follow us on Facebook at www.facebook.com/cspire, Twitter at www.twitter.com/cspire, Google+ or www.pinterest.com/cspirewireless.

“dignitary protection, criminal investigation, homeland security, border security, intelligence gathering, and fighting waste, fraud, and abuse.”

We remember the victims of the 9-11 terrorist attacks and their families, the local, state and federal first responders whose bravery on that day will never be forgotten, and the military and law enforcement officials who are on the frontlines of the ongoing fight against terrorism. The Resolution recognizes the continuing sacrifices that federal law enforcement officers and their families make to protect our country and its citizens, and the important roles they play in “dignitary protection, criminal investigation, homeland security, border security, intelligence gathering, and fighting waste, fraud, and abuse.” We greatly appreciate Rep. Turner’s introduction of this Resolution and his recognition of the brave women and men who risk their lives to protect our country every day.

View this press release online with a link to House Resolution 776.

The FBIAA is a professional association with a membership of nearly 12,000 active and retired agents nationwide. The FBIAA was founded over two decades ago in response to the growing recognition that agents needed to join together in order to protect and advance the interests of agents both within the Bureau, as well as in the public domain. The FBIAA works diligently to promote and facilitate the intelligent, skillful, and efficient discharge of the professional duties of all FBI agents. The Association works hard to advance and safeguard the careers, economic interests, conditions of employment, and welfare of active and retired FBI agents.

“The iPhone 5 is sure to shake up the mobile industry as this phone’s predecessors have been best-sellers since its 2007 debut. So, we [Seidio] realize the importance of the perfect accessory to complement such an iconic phone”

“The iPhone 5 is sure to shake up the mobile industry as this phone’s predecessors have been best-sellers since its 2007 debut. So, we [Seidio] realize the importance of the perfect accessory to complement such an iconic phone,” says David Chang, CEO of Seidio. “We’re thrilled to release our accessories, and we even have a lot more exciting iPhone 5 products in the pipeline.”

Seidio’s SURFACE and ACTIVE cases are available with or without a kickstand. The metal kickstand is designed to prop up the iPhone 5 in an easy, comfortable multimedia viewing position. Leaving your hands-free, the user can multi-task while watching videos or slideshows. This feature truly separates Seidio cases from other cases currently on the market. The CONVERT Combo is also available for the iPhone 5 for top-notch protection and convertible 2-in-1 case design.

Protecting the screen of the new iPhone 5 is critical, and Seidio is offering its Ultimate Screen Guard to consumers. It’s designed from the highest quality materials to specifically fit the device, and safeguard the screen in most conditions. It will retail for $9.95

Signature Cases Explanation

The SURFACE is the thinnest case in the line with high-end protective qualities. It’s available in Black, Garnet Red, Royal Blue, Amethyst and Sage. Piano Black and Glossed White will be available in the upcoming weeks.

The ACTIVE offers more protection with a very stylish exterior. It is perfect for consumers who are always on-the-move. It’s available in Black, Garnet Red, Royal Blue, Amethyst and Sage. Piano Black and Glossed White will be available in a few weeks.

The SURFACE and ACTIVE versions without a kickstand retail for $29.95 for the case and $49.95 for the case and holster combo. While the kickstand version of both cases retails for $34.95 for the case and $54.95 for the case and holster combo.

The CONVERT begins with the SURFACE case, and allows the user to add more protective layers for rugged, tough environments. It is available in Black, and Seidio will release a Sand Gray color in a few weeks. It retails for $49.95 with our patented locking holster and Ultimate Screen Guard.

About Seidio, Inc.

Founded in 2002 and based out of Houston, Seidio is a leading manufacturer of premium mobile technology accessories designed for the mobile professional. Seidio precisely designs its products to work seamlessly – with the mobile device – and with each other. This innovative engineering sets Seidio apart from its competitors and allows mobile professionals to use their devices with confidence, wherever their day takes them. Seidio offers protective cases, extended life batteries, chargers, car kits, screen guards and anything else a professional might need for his or her mobile devices. For more information, please check out www.seidio.com.

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About The Valspar Corporation
The Valspar Corporation (NYSE: VAL) is a global leader in the paint and coatings industry. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the coatings industry.

Valspar news releases and other investor information are available at www.valsparcorporate.com.

About Higher One Holdings, Inc.

Higher One Holdings, Inc. (NYSE: ONE) is a leading company focused on creating cost-saving efficiencies for higher education institutions and providing high-value services to students. Higher One offers a wide array of technological services on campus, ranging from streamlining the institution’s performance analytics and financial aid refund processes to offering students innovative banking services, tuition payment plans, and the basics of financial management. Higher One works closely with colleges and universities to allocate resources more efficiently in order to provide a higher quality of service and education to students.

Founded in 2000 on a college campus by students, Higher One now serves more than half of the higher education market, providing its services to over 1,250 campuses and 10.5 million students at distinguished public and private institutions nationwide. More information about Higher One can be found at www.ir.higherone.com.

A live audio webcast of the presentation will be available on the Investor Relations section of Evercore’s website at www.evercore.com. A replay will be available on the same site for 30 days following the event.

About Evercore Partners

Evercore Partners is a leading independent investment banking advisory firm. Evercore’s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities; Evercore’s Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from its offices in New York, Boston, Chicago, Houston, Los Angeles, San Francisco, Minneapolis, Washington D.C., Toronto, London, Aberdeen, Scotland, Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and São Paulo, Brazil. More information about Evercore can be found on the Company’s website at www.evercore.com.

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=687972

Fitch Ratings has published updated recovery analyses for U.S. media and entertainment companies.

Effective Aug. 10, 2012 Fitch Ratings updated its Ratings Definitions, expanding the application of '+/-' to corporate issue ratings at the 'CCC' level and defining a rating action 'Under Review'. The '+/-' designations at the 'CCC' level are limited to instrument ratings and will not be used for Issuer Default Ratings, leaving 'CCC' as the sole issuer rating within the 'CCC' category. The new designations provide greater comparability to debt instruments and recovery ratings in the lower end of the speculative-grade rating scale, and are not intended to reflect any change in Fitch's view of the creditworthiness of the issuers or instruments changed in this rating action.

Media and entertainment companies with issue and recovery ratings affected by the change in the scale include AMC Entertainment Inc., Clear Channel Communications, Inc., The McClatchy Company, and Univision Communications, Inc.

U.S. Media and Entertainment Recovery Models - Second-Quarter 2012

--AMC Entertainment Inc.

--Regal Entertainment Group

--Clear Channel Communications, Inc.

--Clear Channel Worldwide Holdings Inc.

--The McClatchy Company

--Univision Communications, Inc.

The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:

Sectors then Corporate Finance then Corporates then Research

Additional information is available 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers', August 14, 2012;

--'Corporate Rating Methodology', Aug. 08, 2012;

--'Parent and Subsidiary Rating Linkage', Aug. 12, 2011;

--'U.S. Media & Entertainment Sector - Recovery Rating and Notching Methodology', Feb. 16, 2010';

--'Operating Leases: Updated Implications for Lessees' Credit', Aug. 5, 2011;

--'Impact of Receivables Securitization on Debt Recovery Ratings of Highly Leveraged Issuers', May 12, 2011.

Applicable Criteria and Related Research:

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686476

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

Parent and Subsidiary Rating Linkage

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685552

U.S. Media & Entertainment Sector -- Recovery Rating and Notching Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=500236

Operating Leases: Updated Implications for Lessees' Credit

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=462222

Impact of Receivables Securitisation on Debt Recovery Ratings of Highly Leveraged Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=677743

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.