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TMCNet:  amana group to Deploy Aspera

[November 19, 2012]

amana group to Deploy Aspera

Nov 19, 2012 (Close-Up Media via COMTEX) -- Aspera announced that amana holdings, a Japan-based conglomerate of visual communication businesses, has deployed Aspera to power its file transfer and workflow management system.

"Aspera performs as advertised at the full available speed of our Internet connections," said Yukihiro Ishigame, CIO of amana group, in a release. "And integrating Aspera in to our platforms was straightforward and fast with their rich set of APIs. The wide choice of transfer clients including web browser plug-ins, desktop and mobile clients makes it very easy for us to work with our customer base." "amana group has a large spectrum of business and customer types which calls for a very flexible solution," said Chris Marshall, director of Asia sales for Aspera. "Aspera's Connect Server provides the ability to transfer files with devices running on any major operating system, including iOS and Android. With Aspera, amana group automated workflow has made their business and interaction with customers much more efficient and profitable." Aspera is a provider of software.


((Comments on this story may be sent to newsdesk@closeupmedia.com)) HEADLINE -Vector to Offer Variable Interest Convertible Senior Notes Vector Group announced that it intends to offer and sell, subject to market and other conditions, $150 million aggregate principal amount (or up to an aggregate of $172.5 million aggregate principal amount if Jefferies and Company, the underwriter of the offering, exercises its over-allotment option in full) of its Variable Interest Convertible Senior Notes due 2019 in a registered public offering.

In a release dated Nov. 14, the Company said it intends to use the net proceeds received from the Notes Offering for general corporate purposes, including in its existing tobacco business and in additional investments in real estate through its subsidiary, New Valley. The Company may also consider using a portion of the proceeds of the Notes Offering to address upcoming debt maturities.

Concurrently with the Notes Offering, the Company intends to lend to Jefferies, pursuant to a share lending agreement, initially up to 7,000,000 shares of the Company's common stock. Jefferies intends to offer in a registered public offering (i) up to 3,500,000 Borrowed Shares at a fixed price and (ii) from time to time after the completion of the fixed price share offering, up to an additional 3,500,000 Borrowed Shares at prices prevailing in the market at the time of sale or at negotiated prices. The Share Borrower expects to return to the Company, shortly after the closing of the Notes Offering, up to 3,500,000 shares, thus reducing the number of shares outstanding under the share lending agreement by up to 3,500,000 shares. In addition, the Share Borrower may from time to time during the term of the share lending agreement borrow from the Company up to 1,000,000 additional shares of the Company's common stock for additional offerings that may be made in subsequent offerings, on a delayed basis in transactions that may include block sales, sales in the over-the-counter market, sales pursuant to negotiated transactions or otherwise). The Share Borrower may not borrow Supplemental Shares from the Company more than twice during any twelve consecutive months and each borrowing of Supplemental Shares must be in an amount of at least 250,000 shares.

The total number of shares of the Company's Common Stock that the Share Borrower can borrow under the share lending agreement is limited to a maximum of 7,000,000 shares, but will be increased by 1,000,000 shares in the event any Supplemental Shares are to be sold in subsequent offerings. The Company is entering into the share lending agreement to facilitate hedging transactions related to the Notes Offering. The Company will not receive any proceeds from the Borrowed Shares Offering, but the Company will receive a nominal lending fee from the Share Borrower for the use of the Borrowed Shares, which the Company intends to use for general corporate purposes.

The Borrowed Shares Offering is contingent upon the successful completion of the Notes Offering, and the Notes Offering is contingent upon the successful completion of the Borrowed Shares Offering.

Jefferies will act as underwriter for the Notes Offering and the Borrowed Shares Offering. Each of the Notes Offering and the Borrowed Shares Offering may be made only by means of a prospectus supplement and an accompanying prospectus. When available, copies of a preliminary prospectus supplement and the accompanying prospectus relating to the Notes Offering and the Borrowed Shares Offering may be obtained from Jefferies and Company, Attention: "Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, NY 10022, by email at Prospectus_Department@Jefferies.com, or by telephone at (877) 547-6340.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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