Aug 3rd 2012, 21:23 FED Ford Edelman & Co.
by Ashleigh Wade

GVC Bids to Acquire FED in a Stock Swap Transaction

Regions: Crystal Springs and Tuscarora

The Boards of GVC and FED are pleased to announce they have reached a deal in which GVC will acquire FED in a stock swap transaction.

"This is a solidification of a natural partnership", stated GVC CEO Kafka Frugel. "FED's talent is just what GVC desires to exceed our commitment to excellence."

The transaction will give FED shareholders 1 GVC share for every 4 FED shares, essentially placing FED's purchase price near L$2.50 per share when negotiations were completed on July 31st. The transaction will cost GVC's shareholders nothing, as CEO Frugel and GVC Director MykeltiShocked Resident are donating personal shares to fund it, avoiding share dilution. At press time, the swap is expected to utilize ~250,033 shares from their holdings and cost a approximately L$72.50 to buy out FED shareholders who have less than 4 shares.

"It’s win-win for everyone. FED shareholders will receive a nice premium for their shares and GVC investors will not have their shares diluted in any way", explained CEO Frugel.

FED CEO Ash Wade will join the GVC board and be appointed as Chief Operating Officer, GVC SL Operations. Wade will oversee the SL side of GVC's projects and serve as Human Capital Advisor to the CEO in both RL and SL operations. FED's existing operations will be absorbed into GVC's SL marketing department and the Ford Edelman brands, property and projects will be kept for future expansion opportunities.

GVC and FED shareholders will have the opportunity to vote on the transaction soon. A notification will be posted in the CAPEX forums. The Boards of GVC and FED have already approved the transaction, and the deal has been submitted to the CERC for review.

"I'm excited about our future", said Ash Wade. "This is a momentous opportunity for everyone and a logical acquisition to fuel GVC's already excellent growth."

To GVC and FED Shareholders:

Please refer to the shareholder’s information letter at:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-FED-CERC-Shareholder-Letter.pdf

and our presentation outlining the complete deal at:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-Ford-Edelman-Acquisition-Deck.pdf

Questions and voting will begin in the next few days.

Thank you for your support. We look forward to an amazing future.