Jan 29, 2018 7:29 PM
Safeguard welcomes open communications with its shareholders and values constructive input toward the shared goal of enhancing value. To that end, members of the Safeguard Board of Directors and management team have had numerous discussions with
The Safeguard Board and management team are taking decisive actions to increase shareholder value. In
The Board and management team are confident that the new strategy is the appropriate next step in positioning Safeguard to deliver enhanced value to the Company's shareholders and that creating a more streamlined organizational structure will better position it to focus its resources on the highest-return opportunities.
The Safeguard Board and management team are committed to delivering value for all shareholders, and will continue to take actions to achieve this important objective. We look forward to continuing our dialogue with all Safeguard shareholders as we continue to execute on our plan.
About
Historically,
Forward-looking Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. The risks and uncertainties that could cause actual results to differ materially include, among others, our ability to make good decisions about the monetization of our partner companies for maximum value or at all and distributions to our shareholders, the ongoing support of our existing partners companies, the fact that our partner companies may vary from period to period, challenges to achieving liquidity from our partner company holdings, fluctuations in the market prices of our publicly traded partner company holdings, competition, our ability to attract and retain qualified employees, market valuations in sectors in which our partner companies operate, our inability to control our partner companies, our need to manage our assets to avoid registration under the Investment Company Act of 1940, and risks associated with our partner companies, including the fact that most of our partner companies have a limited history and a history of operating losses, face intense competition and may never be profitable, the effect of economic conditions in the business sectors in which Safeguard's partner companies operate, and other uncertainties described in our filings with the
SAFEGUARD CONTACT:
John E. Shave III
Senior Vice President, Investor Relations and Corporate Communications
610.975.4952
jshave@safeguard.com
MEDIA CONTACT:
(212) 355-4449
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