Evercel Announces Company Update
Evercel Announces Company Update
MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Evercel, Inc. [OTC Pink: EVRC] (the "Company") announces it has reached a settlement with Corona Park, effective December 29, 2022.
邁阿密，2023 年 2 月 3 日（環球美通社）-- 永信股份有限公司 [場外粉紅色:EVRC] (「本公司」）宣布已與科羅娜公園達成定居點，自 2022 年 12 月 29 日起生效。
As part of the settlement, Evercel repurchased Corona Park's entire 17% ownership of Evercel's common stock. In consideration for its shares, Corona Park received its pro-rata portion of the Company's assets, consisting primarily of cash and illiquid units held by the Company in LLCs through which the Company currently owns its investment in ZAGG and previously owned Current Technologies. Corona Park's outstanding promissory note to the Company was settled, and the Company received certain revised rights under the terms of the LLC through which the ZAGG investment is held. The Company received distributions from such LLCs such that the Company currently holds approximately $46,000,000 of cash on hand. In addition, under the terms of the settlement, the litigation between Corona Park and the Company was dismissed.
作為定居點的一部分，Evercel 回購了科羅納公園對 Evercel 普通股的 17％ 所有權。考慮到其股份，Corona Park 收到了公司資產的按比例部分，主要由公司在有限責任公司持有的現金和非流動性單位組成，該公司目前通過該公司擁有其對 ZAGG 的投資以及以前擁有的當前技術。科羅納公園（Corona Park）向公司提供的未償還承諾票據已解決，並根據持有 ZAGG 投資的有限責任公司的條款獲得了某些修改後的權利。該公司從此類有限責任公司獲得分配，使公司目前持有約 46,000,000 美元的手頭現金。此外，根據和解條款，科羅納公園與公司之間的訴訟被駁回。
Further, as part of the settlement, the Company agreed to distribute at least $1.25 per share to the Company's shareholders from its current cash. The Company intends to make the distribution under a Plan of Liquidation to be approved by the shareholders. Following the distribution, in the future, the Company will return all cash to shareholders following any monetization of ZAGG. The Company will not make any further investments beyond those necessary to manage the remaining cash in the Company until ZAGG is fully monetized and monies distributed to shareholders.
此外，作為和解的一部分，公司同意從其當前現金向公司股東分配至少每股 1.25 美元。本公司擬根據清算計劃進行分配，以獲得股東批准。分配後，將來，在 ZAGG 的任何貨幣化後，公司將返還所有現金給股東。在 ZAGG 完全貨幣化並將資金分配給股東之前，公司不會進行超出管理公司剩餘現金所必需的任何進一步投資。
Following the Settlement, the Company has approximately $46,000,000 of cash on hand, plus an illiquid investment with a remaining basis of approximately $29,000,000 in Zigg Holdings LLC, the vehicle through which the Company owns ZAGG. The Company has no debt. Pursuant to the terms of the settlement, the Company anticipates distributing approximately $34,000,000 of the $46,000,000 of cash on hand on or around March 31, 2023. The Company will provide additional information on this distribution at a later date. As a result of the settlement, the Company's shares of common stock issued and outstanding decreased from approximately 33,000,000 to approximately 27,000,000.
結算後，該公司擁有大約 46,000,000 美元的手頭現金，再加上 Zigg 控股有限責任公司剩餘約 29,000,000 美元的剩餘基礎，該公司擁有 ZAGG 的車輛的流動性投資。本公司沒有任何債務。根據和解條款，公司預計將於 2023 年 3 月 31 日或左右分配 46,000,000 美元手頭現金中約 34,000,000 美元。公司將在以後提供有關此分佈的其他信息。結算後，本公司已發行及未償還普通股股份由約 33,000,000 股減少至約 27,000,000。
We want to thank Dan Allen and Corona Park for their hard work and acumen in growing the Company's balance sheet so significantly over the years, taking an initial balance sheet of approximately $18M in 2012 and generating over five times that amount in realized returns, in addition to the currently unrealized returns on the investment in ZAGG. We regret the delay and expense the Company incurred resolving its obligations under its contracts. The Board is grateful for Mr. Allen's service, and appreciative of his integrity, ability, and tenacity in creating such significant value for the Company's shareholders.
我們要感謝丹·艾倫（Dan Allen）和 Corona Park 在多年來如此顯著地增長公司資產負債表方面的辛勤工作和敏銳度，在 2012 年獲得了約 18M 美元的初始資產負債表，並在實現的回報中產生了超過五倍的實現回報，此外，目前尚未實現的 ZAGG 投資回報。對於公司因解決其合同義務而產生的延誤和費用，我們感到遺憾。董事會非常感謝 Allen 先生的服務，並感謝他的誠信，能力和堅韌為公司股東創造如此重要的價值。
Going forward, Corona Park will continue to manage ZAGG, including the Company's indirect minority investment in ZAGG through Zigg Holdings LLC. We are committed to supporting Mr. Allen and his team at Corona Park in managing ZAGG based on his decisions and assessments, which we are hopeful will continue to yield impressive profits to all investors.
展望未來，科羅納公園將繼續管理 ZAGG，包括該公司通過 Zigg 控股有限責任公司對 ZAGG 的間接少數族裔投資。我們致力於支持艾倫及其 Corona Park 的團隊根據他的決定和評估來管理 ZAGG，我們希望將繼續為所有投資者帶來令人印象深刻的利潤。
Cautionary Statement Regarding Forward-Looking Information
有關前瞻性資料的警示性聲明
This press release includes "forward-looking statements" within the meaning the federal securities laws. All statements other than statements of historical facts contained in this press release, including statements regarding our plans to pursue trading of our common stock on the OTCQX, are forward-looking statements. Forward-looking statements are generally delivered in the future tense and/or are preceded by words such as "may," "will," "should," "forecast," "projected," "could," "expect," "suggest," "believe," "estimate," "anticipate," "intend," "plan," or similar words, or the negatives of such terms or other variations on such terms or comparable terminology. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions. Evercel cautions readers not to place undue reliance on forward-looking statements.
本新聞稿包括聯邦證券法所指的「前瞻性陳述」。除了本新聞稿中包含的歷史事實陳述以外的所有陳述，包括有關我們計劃在 OTCQX 上交易普通股的聲明，都是前瞻性陳述。前瞻性陳述通常以未來時態提供和/或在前面加上諸如「可能」、「意志」、「應」、「預測」、「預測」、「可能」、「期望」、「建議」、「相信」、「估計」、「預測」、「意圖」、「計畫」或類似字詞，或此類術語的否定詞或其他術語的可比性變化。這些前瞻性陳述受到許多風險，不確定性和假設的影響。Evercel 提醒讀者不要過度依賴前瞻性陳述。
Contact:
聯繫方式：
Richard Janney
Chief Financial Officer
rjanney@evercel.com
理查德·詹尼
首席財務官
rjanney@evercel.com
譯文內容由第三人軟體翻譯。