Nov 28 (Reuters) - Greeting card maker American Greetings Corp (AM.N: Quote, Profile, Research) will acquire PhotoWorks Inc (PHTW.OB: Quote, Profile, Research), through its unit, for about $26.5 million, the companies said.
American Greetings will make a cash tender offer to acquire all outstanding common shares of PhotoWorks at a price of 59.5 cents a share.
Posted by Homersbud on :
daaaaaaaaaamn! imagine if we were in this...gonna gap nicely tomorrow!
Posted by Hitman on :
Saw this press release that I don't understand from Dow Jones at 4:57 today- "Photoworks shares out already committed" can anyone explain?
Posted by IMAKEMONEY on :
Posted by wdcisco on :
Hooollyy Smakerrral!!!!
Posted by Bottomfeeder on :
Looks like it may go pretty good tomorrow since the news came out after market close today.I wish I had some bucks to ride it up.
Posted by IMAKEMONEY on :
Contact Information Business Description PhotoWorks, Inc. 71 Columbia Street Seattle, WA 98104
Phone: (206) 281-1390
Primary SIC — Industry Classification 5961 - Catalog and mail-order houses State Of Incorporation WA Jurisdiction Of Incorporation USA Company Officers Philippe Sanchez, CEO Werner Reisacher, CFO
CIK 0000791050 Estimated Market Cap 10,256,238.98 as of Nov 27, 2007 Outstanding Shares 39,447,073 as of Aug 10, 2007 Number of Share Holders of Record 526 as of Jan 5, 2007 Current Capital Change shs decreased by 1 for 5 split Pay Date: Jul 19, 2005 Company Notes Formerly=Seattle FilmWorks, Inc. until 2-00 Formerly=American Passage Marketing Corp. to 2-89 Security Notes Capital Change=shs increased by 3 for 2 split. Ex-dte=3-18-97. Rec date=3-3-97. Pay date=3-17-97 Latest Secondary Issue=6-96 1,400,000 shs at $16 by Smith Barney Inc. et al. Transfer Agent Mellon Investor Services LLC, 480 Washington Boulevard Jersey City, NJ 07310-1900
American Greetings to acquire PhotoWorks for $26.5 mln Wed Nov 28, 2007 5:15pm EST Email | Print | Share| Reprints | Single Page | Recommend (0) [-] Text [+] Related News Blockbuster in handset maker talks Wi-LAN files infringement suit against 22 firms Nokia welcomes Motorola back to Symbian camp Hitachi pulls out of home PCs Sony Ericsson sells half of UIQ to Motorola
powered by Sphere Market News Freddie Mac shares post biggest gain in 19 years Oil tumbles 4 percent | Video Dollar loses gains; Kohn, Beige Book back rate cut More Business & Investing News... Featured Broker sponsored link ¥ € $ - Learn. Practice. Trade.Nov 28 (Reuters) - Greeting card maker American Greetings Corp (AM.N: Quote, Profile, Research) will acquire PhotoWorks Inc (PHTW.OB: Quote, Profile, Research), through its unit, for about $26.5 million, the companies said.
American Greetings will make a cash tender offer to acquire all outstanding common shares of PhotoWorks at a price of 59.5 cents a share.
The deal is expected to have a minimal impact to fiscal 2008 earnings, American Greetings said in a statement. (Reporting by Shailesh Kuber in Bangalore, Editing by Dinesh Nair)
Posted by IMAKEMONEY on :
Inside Quote Best Bid Best Ask Time of Last Inside Change 0.24 (5000 shares) 0.30 (5000 shares) 2:12 PM
Trade Data / Last Trade 5:20 PM Last Sale 0.26 Change +0.00 % Change +0.00 Tick Down Daily High 0.30 Daily Low 0.26 Opening Price 0.30 Volume 4,623 Annual High 0.59 Annual Low 0.19 Prev Close 0.26 Dividend 0.00 Yield 0.00 Beta Coefficient 0.41 Earnings/Share -0.19 P/E Ratio Trade data delayed 15 minutes.
Posted by Homersbud on :
39m OS and Insiders own 44%, geez.
Now this is a REAL merger unlike the other sh!t we play...lol
Posted by IMAKEMONEY on :
American Greetings to Acquire PhotoWorks, Inc.
CLEVELAND and SEATTLE, Nov 28, 2007 /PRNewswire via COMTEX/ -- American Greetings Corporation (NYSE: AM) and PhotoWorks, Inc. (OTC Bulletin Board: PHTW) today announced they have entered into an agreement whereby American Greetings, through a wholly owned subsidiary, will acquire PhotoWorks for approximately $26.5 million. Under the terms of the agreement, American Greetings will make a cash tender offer to acquire all outstanding common shares of PhotoWorks at a price of 59.5 cents per share. The tender offer will be followed by a merger in which the holders of the outstanding common shares of PhotoWorks not purchased in the tender offer will receive the same per share price paid in the tender offer, in cash, without interest. American Greetings is expected to launch the tender offer shortly, and the merger is expected to close in late January 2008. The Board of Directors of PhotoWorks has unanimously recommended that shareholders of PhotoWorks accept the offer. Certain shareholders of PhotoWorks have already signed agreements by which they agreed to tender all of their shares in the tender offer. The shares held by such shareholders represent 44.5% of the total shares of PhotoWorks currently outstanding.
PhotoWorks is a leading online photo sharing and personal publishing company that allows consumers to use their digital images to create quality photo-personalized products like greeting cards, calendars, online photo albums and photo books. PhotoWorks offers consumers new, creative, and refreshing ways to connect and express themselves privately with friends and family, and publicly within communities of similar interest.
Zev Weiss, Chief Executive Officer of American Greetings said, "The acquisition of PhotoWorks positions us for a comprehensive photo strategy, bringing together both digital and physical products. We are taking advantage of the opportunity to establish a leadership position in this growing channel of the social expression industry."
Josef Mandelbaum, Chief Executive Officer of AG Interactive, one of American Greetings' segments, stated, "Our previous acquisition of Webshots provided a strong entree into the online photo sharing space, a significant number of unique visitors, and a scalable platform. Now, PhotoWorks provides a strong integrated supply chain platform to provide customers the ability to create unique, high quality physical products with their own photos. This further positions us to provide a full social expression photo solution to our consumers."
Andy Wood, President and Chief Executive Officer of PhotoWorks said, "PhotoWorks is thrilled to be a part of this important step forward for American Greetings. We are excited to build and provide a compelling online experience for consumers in cooperation with one of the world's leading greeting card and social expression companies. I am confident that combining these companies' content and relationships will result in a more appealing site with truly unique products for all of our consumers."
Weiss added, "At this time, the transaction is expected to have a minimal impact to fiscal 2008 earnings."
About American Greetings Corporation
American Greetings Corporation (NYSE: AM) is one of the world's largest manufacturers of social expression products. Along with greeting cards, its product lines include gift wrap, party goods, stationery, calendars, ornaments and electronic greetings. Located in Cleveland, Ohio, American Greetings generates annual revenue of approximately $1.7 billion. For more information on the Company, visit http://corporate.americangreetings.com.
About PhotoWorks
PhotoWorks(R), Inc. is an Internet-based personal publishing company and photography community. The company's web-based services allow PC and Mac users to share and store their digital photos, host personalized My Share Web pages, sell one-of-a-kind products through My Storefront, join photo communities, and create hardbound photo books, customized greeting cards, calendars, prints and other photography-sourced products. Formerly known as Seattle Film Works, PhotoWorks has a 30-year national heritage of helping photographers share and preserve their memories with innovative and inspiring products and services. More information on the Company is available at http://www.photoworks.com. Posted by IMAKEMONEY on :
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14D-9 (Rule 14d-101) Solicitation/Recommendation Statement under Section 14(d)(4) of the Securities Exchange Act of 1934 (Amendment No. ) PHOTOWORKS, INC. (Name of Subject Company) PhotoWorks, Inc. (Names of Person(s) Filing Statement) Common Stock, $0.01 par value per share (Title of Class of Securities) 71940B 20 8 (CUSIP Number of Class of Securities) PhotoWorks, Inc. 71 Columbia Street Seattle, Washington 98104 Attention: Andrew Wood, Chief Executive Officer (206) 281-1390 (Name, address, and telephone numbers of persons authorized to receive notices and communications on behalf of the persons filing statement)
x Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
This Schedule 14D-9 contains the following exhibits: Exhibit A — Exhibit A is a joint press release dated as of November 28, 2007, relating to the proposed acquisition of PhotoWorks, Inc. (“PhotoWorks”) by AG.com, Inc. Exhibit B — Exhibit B is a letter from the Chief Executive Officer of PhotoWorks distributed to PhotoWorks employees on November 28, 2007.
Exhibit A AMERICAN GREETINGS TO ACQUIRE PHOTOWORKS, INC. CLEVELAND, OHIO and SEATTLE, WASHINGTON (November 28, 2007) — American Greetings Corporation (NYSE: AM) and PhotoWorks, Inc. (OTCBB: PHTW) today announced they have entered into an agreement whereby American Greetings, through a wholly owned subsidiary, will acquire PhotoWorks for approximately $26.5 million. Under the terms of the agreement, American Greetings will make a cash tender offer to acquire all outstanding common shares of PhotoWorks at a price of 59.5 cents per share. The tender offer will be followed by a merger in which the holders of the outstanding common shares of PhotoWorks not purchased in the tender offer will receive the same per share price paid in the tender offer, in cash, without interest. American Greetings is expected to launch the tender offer shortly, and the merger is expected to close in late January 2008. The Board of Directors of PhotoWorks has unanimously recommended that shareholders of PhotoWorks accept the offer. Certain shareholders of PhotoWorks have already signed agreements by which they agreed to tender all of their shares in the tender offer. The shares held by such shareholders represent 44.5% of the total shares of PhotoWorks currently outstanding. PhotoWorks is a leading online photo sharing and personal publishing company that allows consumers to use their digital images to create quality photo-personalized products like greeting cards, calendars, online photo albums and photo books. PhotoWorks offers consumers new, creative, and refreshing ways to connect and express themselves privately with friends and family, and publicly within communities of similar interest. Zev Weiss, Chief Executive Officer of American Greetings said, “The acquisition of PhotoWorks positions us for a comprehensive photo strategy, bringing together both digital and physical products. We are taking advantage of the opportunity to establish a leadership position in this growing channel of the social expression industry.” Josef Mandelbaum, Chief Executive Officer of AG Interactive, one of American Greetings’ segments, stated, “Our previous acquisition of Webshots provided a strong entrée into the online photo sharing space, a significant number of unique visitors, and a scalable platform. Now, PhotoWorks provides a strong integrated supply chain platform to provide customers the ability to create unique, high quality physical products with their own photos. This further positions us to provide a full social expression photo solution to our consumers.” Andy Wood, President and Chief Executive Officer of PhotoWorks said, “PhotoWorks is thrilled to be a part of this important step forward for American Greetings. We are excited to build and provide a compelling online experience for consumers in cooperation with one of the world’s leading greeting card and social expression companies. I am confident that combining these companies’ content and relationships will result in a more appealing site with truly unique products for all of our consumers.” Weiss added, “At this time, the transaction is expected to have a minimal impact to fiscal 2008 earnings.”
About American Greetings Corporation American Greetings Corporation (NYSE: AM) is one of the world’s largest manufacturers of social expression products. Along with greeting cards, its product lines include gift wrap, party goods, stationery, calendars, ornaments and electronic greetings. Located in Cleveland, Ohio, American Greetings generates annual revenue of approximately $1.7 billion. For more information on the Company, visit http://corporate.americangreetings.com . About PhotoWorks PhotoWorks(R), Inc. is an Internet-based personal publishing company and photography community. The company’s web-based services allow PC and Mac users to share and store their digital photos, host personalized My Share Web pages, sell one-of-a-kind products through My Storefront, join photo communities, and create hardbound photo books, customized greeting cards, calendars, prints and other photography-sourced products. Formerly known as Seattle Film Works, PhotoWorks has a 30-year national heritage of helping photographers share and preserve their memories with innovative and inspiring products and services. More information on the Company is available at www.photoworks.com . ### Important Information This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer for the outstanding common shares of PhotoWorks, Inc. (“PhotoWorks”) described in this press release has not commenced. At the time the expected tender offer is commenced, American Greetings Corporation (“American Greetings”), or a wholly owned subsidiary of American Greetings will file a tender offer statement on Schedule TO with the United States Securities and Exchange Commission (the “SEC”), and PhotoWorks will file a solicitation/recommendation statement with respect to the tender offer. Investors and PhotoWorks’ shareholders are strongly advised to read the tender offer statement (including the offer to purchase, letter of transmittal and other offer documents) and the related solicitation/recommendation statement because they will contain important information. When available, the offer to purchase, the related letter of transmittal and certain other offer documents, as well as the solicitation/recommendation statement, will be made available to all shareholders of PhotoWorks at no expense to them. These documents will also be available at no charge at the SEC’s website at www.sec.gov. Certain statements in this release may constitute forward-looking statements within the meaning of the Federal securities laws. These statements can be identified by the fact that they do not relate strictly to historic or current facts. They use such words as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of the proposed acquisition and future operating or financial performance of American Greetings. By their nature forward-looking statements involve risks and uncertainties that could cause actual results to materially differ from those anticipated in the statements. With respect to the proposed acquisition, these risks and uncertainties include, but are not limited to: • the ability to successfully complete the proposed acquisition on a timely basis;
• the ability to achieve the desired benefits associated with the proposed acquisition.
With respect to future operating and financial performance of American Greetings, these risks and uncertainties include, but are not limited to: • retail consolidations, acquisitions and bankruptcies, including the possibility of resulting adverse changes to retail contract terms;
• the ability of American Greetings to successfully implement its strategy to invest in its core greeting card business;
• the timing and impact of investments in new retail or product strategies as well as new product introductions and achieving the desired benefits from those investments;
• the timing and impact of converting customers to a scan-based trading model;
• the ability to execute share repurchase programs or the ability to achieve the desired accretive effect from such repurchases;
• the ability of American Greetings to successfully complete, or achieve the desired benefits associated with, dispositions;
• a weak retail environment;
• consumer acceptance of products as priced and marketed;
• the impact of technology on core product sales;
• competitive terms of sale offered to customers;
• successful implementation of supply chain improvements and achievement of projected cost savings from those improvements;
• increases in the cost of material, energy, freight, and other production costs;
• the ability of American Greetings to comply with its debt covenants;
• fluctuations in the value of currencies in major areas where the American Greetings operates, including the U.S. Dollar, Euro, U.K. Pound Sterling, and Canadian Dollar;
• escalation in the cost of providing employee health care;
• successful integration of acquisitions; and
• the outcome of any legal claims known or unknown.
Risks pertaining specifically to AG Interactive include the viability of online advertising, subscriptions as revenue generators and the public’s acceptance of online greetings and other social expression products. In addition, this release contains time-sensitive information that reflects management’s best analysis as of the date of this release. American Greetings does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in American Greetings’ and PhotoWorks’ periodic filings with the SEC, including the “Risk Factors” section of American Greetings’ Annual Report on Form 10-K for the fiscal year ended February 28, 2007 and the “Risk Factors” section of PhotoWorks’ Annual Report on Form 10-KSB for the fiscal year ended September 30, 2006. 3
CONTACT: Gregory M. Steinberg Treasurer and Director of Investor Relations American Greetings Corporation 216-252-4864 investor.relations*amgreetings.com Genesa Garbarino PhotoWorks, Inc. 206-281-1397 genesa*photoworks.com 4
EXHIBIT B Below is the text of a letter distributed to PhotoWorks employees on November 28, 2007:
November 28, 2007 Dear PhotoWorks Colleagues, We have announced today our plans to be acquired by American Greetings through a cash tender offer for outstanding shares of PhotoWorks followed by a merger at a price of approximately $26.5 million, or 59.5 cents/share. We are very excited about the opportunities that lay ahead for us as we partner with American Greetings to continue to deliver high quality photo sharing and personal publishing by helping customers connect and express themselves. I’m sure you have lots of questions about American Greetings and what this change will mean to you. Details are continuing to be worked out and we will be able to provide more information in the near future. The transaction is expected to close in January, 2008. We will be looking at how we integrate the Webshots service, which American Greetings recently purchased, with the PhotoWorks service to deliver the best photo sharing and publishing experience online. We are planning on keeping the Seattle office open, but will be integrating with operations in Cleveland to leverage the American Greetings expertise and scale. Existing benefits such as health care and 401K and other incentives will be integrated into the American Greetings benefit, health and incentive plans once the transaction is fully complete. I encourage you to visit their corporate website to learn more about the company. http://corporate.americangreetings.com/ We will share more details with you as we have them. But in the meantime, let’s all continue to focus on the holiday season and serving our customers. Yours sincerely, /s/ Andy Wood Andy Wood
Posted by wdcisco on :
What do you guys think will happen at the bell?
Posted by IMAKEMONEY on :
YEP, COULD BE A GREAT FLIPPER! JMO SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K current report pursuant to section 13 or 15( d ) of the securities exchange act of 1934 Date of Report (date of earliest event reported): November 28, 2007 American Greetings Corporation (Exact Name of Registrant as Specified in its Charter)
Ohio 1-13859 34-0065325
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
One American Road Cleveland, Ohio 44144
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (216) 252-7300
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) þ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events. On November 28, 2007, American Greetings Corporation (“American Greetings”) and PhotoWorks, Inc. (“PhotoWorks”) issued a press release announcing the execution of a definitive agreement pursuant to which American Greetings, through a wholly owned subsidiary, will acquire PhotoWorks. A copy of the press release is included as Exhibit 99 to this report and is incorporated in this report by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
American Greetings Corporation (Registrant)
By: /s/ Catherine M. Kilbane Catherine M. Kilbane, Senior Vice President, General Counsel and Secretary
Date: November 28, 2007
Exhibit 99 AMERICAN GREETINGS TO ACQUIRE PHOTOWORKS, INC. CLEVELAND, OHIO and SEATTLE, WASHINGTON (November 28, 2007) — American Greetings Corporation (NYSE: AM) and PhotoWorks, Inc. (OTCBB: PHTW) today announced they have entered into an agreement whereby American Greetings, through a wholly owned subsidiary, will acquire PhotoWorks for approximately $26.5 million. Under the terms of the agreement, American Greetings will make a cash tender offer to acquire all outstanding common shares of PhotoWorks at a price of 59.5 cents per share. The tender offer will be followed by a merger in which the holders of the outstanding common shares of PhotoWorks not purchased in the tender offer will receive the same per share price paid in the tender offer, in cash, without interest. American Greetings is expected to launch the tender offer shortly, and the merger is expected to close in late January 2008. The Board of Directors of PhotoWorks has unanimously recommended that shareholders of PhotoWorks accept the offer. Certain shareholders of PhotoWorks have already signed agreements by which they agreed to tender all of their shares in the tender offer. The shares held by such shareholders represent 44.5% of the total shares of PhotoWorks currently outstanding. PhotoWorks is a leading online photo sharing and personal publishing company that allows consumers to use their digital images to create quality photo-personalized products like greeting cards, calendars, online photo albums and photo books. PhotoWorks offers consumers new, creative, and refreshing ways to connect and express themselves privately with friends and family, and publicly within communities of similar interest. Zev Weiss, Chief Executive Officer of American Greetings said, “The acquisition of PhotoWorks positions us for a comprehensive photo strategy, bringing together both digital and physical products. We are taking advantage of the opportunity to establish a leadership position in this growing channel of the social expression industry.” Josef Mandelbaum, Chief Executive Officer of AG Interactive, one of American Greetings’ segments, stated, “Our previous acquisition of Webshots provided a strong entrée into the online photo sharing space, a significant number of unique visitors, and a scalable platform. Now, PhotoWorks provides a strong integrated supply chain platform to provide customers the ability to create unique, high quality physical products with their own photos. This further positions us to provide a full social expression photo solution to our consumers.” Andy Wood, President and Chief Executive Officer of PhotoWorks said, “PhotoWorks is thrilled to be a part of this important step forward for American Greetings. We are excited to build and provide a compelling online experience for consumers in cooperation with one of the world’s leading greeting card and social expression companies. I am confident that combining these companies’ content and relationships will result in a more appealing site with truly unique products for all of our consumers.” Weiss added, “At this time, the transaction is expected to have a minimal impact to fiscal 2008 earnings.”
About American Greetings Corporation American Greetings Corporation (NYSE: AM) is one of the world’s largest manufacturers of social expression products. Along with greeting cards, its product lines include gift wrap, party goods, stationery, calendars, ornaments and electronic greetings. Located in Cleveland, Ohio, American Greetings generates annual revenue of approximately $1.7 billion. For more information on the Company, visit http://corporate.americangreetings.com . About PhotoWorks PhotoWorks(R), Inc. is an Internet-based personal publishing company and photography community. The company’s web-based services allow PC and Mac users to share and store their digital photos, host personalized My Share Web pages, sell one-of-a-kind products through My Storefront, join photo communities, and create hardbound photo books, customized greeting cards, calendars, prints and other photography-sourced products. Formerly known as Seattle Film Works, PhotoWorks has a 30-year national heritage of helping photographers share and preserve their memories with innovative and inspiring products and services. More information on the Company is available at www.photoworks.com . ### Important Information This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer for the outstanding common shares of PhotoWorks, Inc. (“PhotoWorks”) described in this press release has not commenced. At the time the expected tender offer is commenced, American Greetings Corporation (“American Greetings”), or a wholly owned subsidiary of American Greetings will file a tender offer statement on Schedule TO with the United States Securities and Exchange Commission (the “SEC”), and PhotoWorks will file a solicitation/recommendation statement with respect to the tender offer. Investors and PhotoWorks’ shareholders are strongly advised to read the tender offer statement (including the offer to purchase, letter of transmittal and other offer documents) and the related solicitation/recommendation statement because they will contain important information. When available, the offer to purchase, the related letter of transmittal and certain other offer documents, as well as the solicitation/recommendation statement, will be made available to all shareholders of PhotoWorks at no expense to them. These documents will also be available at no charge at the SEC’s website at www.sec.gov. Certain statements in this release may constitute forward-looking statements within the meaning of the Federal securities laws. These statements can be identified by the fact that they do not relate strictly to historic or current facts. They use such words as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of the proposed acquisition and future operating or financial performance of American Greetings. By their nature forward-looking statements involve risks and uncertainties that could cause actual results to materially differ from those anticipated in the statements. With respect to the proposed acquisition, these risks and uncertainties include, but are not limited to: • the ability to successfully complete the proposed acquisition on a timely basis;
• the ability to achieve the desired benefits associated with the proposed acquisition.
With respect to future operating and financial performance of American Greetings, these risks and uncertainties include, but are not limited to: • retail consolidations, acquisitions and bankruptcies, including the possibility of resulting adverse changes to retail contract terms;
• the ability of American Greetings to successfully implement its strategy to invest in its core greeting card business;
• the timing and impact of investments in new retail or product strategies as well as new product introductions and achieving the desired benefits from those investments;
• the timing and impact of converting customers to a scan-based trading model;
• the ability to execute share repurchase programs or the ability to achieve the desired accretive effect from such repurchases;
• the ability of American Greetings to successfully complete, or achieve the desired benefits associated with, dispositions;
• a weak retail environment;
• consumer acceptance of products as priced and marketed;
• the impact of technology on core product sales;
• competitive terms of sale offered to customers;
• successful implementation of supply chain improvements and achievement of projected cost savings from those improvements;
• increases in the cost of material, energy, freight, and other production costs;
• the ability of American Greetings to comply with its debt covenants;
• fluctuations in the value of currencies in major areas where the American Greetings operates, including the U.S. Dollar, Euro, U.K. Pound Sterling, and Canadian Dollar;
• escalation in the cost of providing employee health care;
• successful integration of acquisitions; and
• the outcome of any legal claims known or unknown.
Risks pertaining specifically to AG Interactive include the viability of online advertising, subscriptions as revenue generators and the public’s acceptance of online greetings and other social expression products. In addition, this release contains time-sensitive information that reflects management’s best analysis as of the date of this release. American Greetings does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in American Greetings’ and PhotoWorks’ periodic filings with the SEC, including the “Risk Factors” section of American Greetings’ Annual Report on Form 10-K for the fiscal year ended February 28, 2007 and the “Risk Factors” section of PhotoWorks’ Annual Report on Form 10-KSB for the fiscal year ended September 30, 2006. 3
CONTACT: Gregory M. Steinberg Treasurer and Director of Investor Relations American Greetings Corporation 216-252-4864 investor.relations*amgreetings.com Genesa Garbarino PhotoWorks, Inc. 206-281-1397 genesa*photoworks.com
Posted by T e x on :
quote:Originally posted by wdcisco: What do you guys think will happen at the bell?
unmitigated chaos
Posted by IMAKEMONEY on :
LOL, YEP I LOVE IT!
Posted by wdcisco on :
"unmitigated chaos"
So would you buy at the bell or wait???
Posted by T e x on :
ya, lol, fer sure...
Cisco, if you don't have L2s, what you should do tonight is get some, even if you go to that pump site and get current-but-not-streaming L2...you can refresh every few seconds.
Anyway, be good to watch this in the morning. The MMs will some of their good traders on it and some will have new guys on it...more than likely, they'll have a field day.
Posted by IMAKEMONEY on :
quote:Originally posted by wdcisco: "unmitigated chaos"
So would you buy at the bell or wait???
JMHO BUT KNOW WAIT FOR A DIP, TEX ITS TIME TO GET THE SHEEP,LOL Posted by wdcisco on :
you or tex or whoever?? everybody Posted by IMAKEMONEY on :
THEY HATE ME THERE, GOOD LUCK AND TRADE FAST!
Posted by T e x on :
quote:Originally posted by wdcisco: "unmitigated chaos"
So would you buy at the bell or wait???
You should watch both your Level 1 streamer, and Level 2. Open a T&S window on Level 1. Take screenshots of both.
Posted by wdcisco on :
Ok...I am gonna have to do a little homework tonight Tex...
Where can I get the current Level 1 & 2 ?
Tex will you be my assistant on PHTW board ibub?
Posted by T e x on :
Level 1 is your streamer, quote window...whatever your broker provides. I assume you have that...
Level 2? Medved Quotetracker I think is still free. You can google "Bloom" something "bloom field" maybe and "free level 2" to find that pump site that gives 'em away. You sign up for their pump sheet, but you get real time, static, not dynamic. easy to screen shoot, though...
Thanks, but I have no extra time. Will try to drop by, though.
Posted by wdcisco on :
I don't think there's a free real time l2 place out there. At least, I haven't found anything that wasn't delayed. I know some brokers will give you free real time l2 if you make so many trades per month.
sign up at http://alphatrade.com/ for the free 7 day trial. After the 7 days, it'll run ya about $50 per month
Posted by T e x on :
look for sumpin better, imo... you want T&S, too--should appear to right of B/A, in a longer, narrower window. The deal is, I suspect you'll see differences in T&S between Level 1 and Level 2...
save 'em for study later...don't try to follow tomorrow
Posted by PCola77 on :
Bloomfield Investment club. It's not free anymore, requires a subscription. That was a lifesaver for me for a couple of months, since I can't use streaming programs at work, but there's was a "refreshable" page, so it didn't get flagged. Alas, it is no more.
quote:Originally posted by T e x: Level 1 is your streamer, quote window...whatever your broker provides. I assume you have that...
Level 2? Medved Quotetracker I think is still free. You can google "Bloom" something "bloom field" maybe and "free level 2" to find that pump site that gives 'em away. You sign up for their pump sheet, but you get real time, static, not dynamic. easy to screen shoot, though...
Thanks, but I have no extra time. Will try to drop by, though.
Posted by T e x on :
quote:Originally posted by PCola77: Bloomfield Investment club. It's not free anymore, requires a subscription. That was a lifesaver for me for a couple of months, since I can't use streaming programs at work, but there's was a "refreshable" page, so it didn't get flagged. Alas, it is no more.
quote:Originally posted by T e x: Level 1 is your streamer, quote window...whatever your broker provides. I assume you have that...
Level 2? Medved Quotetracker I think is still free. You can google "Bloom" something "bloom field" maybe and "free level 2" to find that pump site that gives 'em away. You sign up for their pump sheet, but you get real time, static, not dynamic. easy to screen shoot, though...
Thanks, but I have no extra time. Will try to drop by, though.
ya...those guys...
well, you got any suggestions?
without them I can think of one recent one, but I didn't bookmark it. I say, MedVed's ad-supported dealie...
should be an easy link--he posts here, from time to time
Posted by PCola77 on :
Nope, have been Level2-less for a while... Posted by wdcisco on :
I am still looking guys... Posted by Hitman on :
Any thoughts 4 2day?
Posted by IMAKEMONEY on :
BID .55 X ASK .80 Posted by wdcisco on :
WOW!!!
Are you getting in IMAKE?
Posted by Hitman on :
Well it won't open at .80 but will gap.... I will get in if it is .30 +- depending on how the trades are moving!
Posted by wdcisco on :
EDIT: forget it...its a stupid demo...
Posted by IMAKEMONEY on :
quote:Originally posted by wdcisco: WOW!!!
Are you getting in IMAKE?
GONNA WAIT FOR THE DIP. Posted by wdcisco on :
hehe....120%
Posted by Hitman on :
Rats..... Opened so high we didnt even get to ride the wave up
Posted by wdcisco on :
I like early morning news...ride the wave for sure...
Posted by Hitman on :
Wow. buyin in at .57 means you will loose money quickly.... It is gettin bought out for .59+- I just dont understand the thinking of some buyers... it will drop from here and can be bought lower to make profits. Just my thoughts
Posted by Hitman on :
If you buy at these high prices. You cant even clear your commissions? I really must be missing something here?
Posted by Homersbud on :
quote:Originally posted by Hitman: If you buy at these high prices. You cant even clear your commissions? I really must be missing something here?
Well, you gotta look at it like this. If you buy here, and wait for the merger to be completed, you'll have a nice run up. Don't see why this can't hit $1 once the merger is done.
Posted by wdcisco on :
Yeah..over 1.6 mil volume!!!
Posted by Hitman on :
Yep... I didnt think of that
Posted by Homersbud on :
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