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SIRVA, Inc. (SIRV)

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Last Post: 5/15/2008 3:38:36 PM - Followers: 1 - Board type: Free - Posts Today: 0

VIDEO - http://www.sirva.com/content/en/UpStreamVideo.html SIRVA will no longer be a public company. http://www.sirva.com/ INVESTORS http://www.sirva.com/Investors_Landing.aspx Who is SIRVA? SIRVA, Inc. is a leader in providing relocation solutions to a well-established and diverse customer base around the world. The company has redefined the relocation industry by offering innovative ways for customers to achieve their individual business goals, while providing global end-to-end relocation services, including program development and management, home purchase and home sale services, household goods moving, and mortgage services. SIRVA conducts more than 300,000 relocations every year, transferring corporate and government employees and moving individual consumers. The company operates in more than 40 countries with approximately 5,000 employees and an extensive network of agents and other service providers in over 175 countries. SIRVA also provides a variety of services that support drivers, fleet owners, and van line agents. The company’s well-recognized brands include Allied, Global, northAmerican, SIRVA Relocation, SIRVA Mortgage, and DJK Residential in North America; ADAM, Allied Arthur Pierre, Allied Varekamp, Allied Pickfords, Hoults Group, Huet International, Kungsholms, Majortrans, Pickfords, Rettenmayer and SIRVA Relocation in Europe; and Allied Pickfords, SIRVA Relocation and Trans International in the Asia Pacific Middle East region. With our global reach and local expertise, people trust SIRVA to listen to their unique needs and deliver seamless relocations every day. SIRVA Receives NYSE Delisting Notification CHICAGO, Nov. 19 /PRNewswire-FirstCall/ -- SIRVA, Inc. (NYSE: SIR), a global relocation services provider, today announced that it has been notified by the New York Stock Exchange that the NYSE intends to suspend trading in SIRVA's common stock prior to the NYSE's opening on November 26, 2007, and that the NYSE will commence procedures to delist SIRVA's common stock. The NYSE noted that SIRVA's common stock lately had been trading at abnormally low share prices, making it unsuitable for continued listing on the NYSE. SIRVA had been in communication with the NYSE regarding its noncompliance with continued listing standards, but was unsuccessful in its efforts to avoid suspension and potential delisting. The Company does not intend to appeal the NYSE's decision. SIRVA expects trading in its common stock will be transferred to the over- the-counter market following the suspension of trading in its common stock on the NYSE. About SIRVA, Inc. SIRVA, Inc. is a leading provider of relocation solutions to a well- established and diverse customer base around the world. The Company handles all aspects of relocation, including home purchase and home sale services, household goods moving, mortgage services and home closing and settlement services. SIRVA conducts more than 300,000 relocations per year, transferring corporate and government employees along with individual consumers. The Company operates in more than 40 countries with over 4,000 employees and an extensive network of agents and service providers. SIRVA's well-recognized brands include Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, Pickfords, SIRVA Mortgage, SIRVA Relocation and SIRVA Settlement. More information about SIRVA can be found on the Company's Web site at www.sirva.com . Forward-Looking Statements This release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical, but are made based on management's current expectations and beliefs concerning future developments and their potential effects upon SIRVA, Inc. and its subsidiaries. There can be no assurance that future developments affecting the Company will be those anticipated by management. These forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and other factors, including, without limitation, those described under the caption "Risk Factors" and other risks described in the Company's 2006 Annual Report on Form 10-K and 2007 third quarter Quarterly Report Form 10-Q. The Company does not intend, and is under no obligation, to update any particular forward-looking statement included in this release. SOURCE SIRVA, Inc. /CONTACT: Investors, Doug Gathany, Vice President-Treasurer & Investor Relations of SIRVA, Inc., +1-630-468-4715/ /Web site: http://www.sirva.com / SIRVA Reaches Restructuring Agreement with its Lenders Files Pre-Packaged Plan of Reorganization Secures $150 Million DIP Financing Facility, to Convert to $215 Million Senior Secured Exit Facility Expects Normal Operations to Continue Only U.S. Operations are Part of Filing CHICAGO, February 5, 2008 — SIRVA, Inc. (SIRV.PK), a global relocation services provider, today announced that it reached an agreement with its lenders to restructure its senior secured debt through a voluntary, pre-packaged Chapter 11 reorganization, which will allow it to finalize the restructuring of its debt while continuing to operate its business and serve its customers. SIRVA’s operations outside of the U.S. are not part of the Chapter 11 filing. SIRVA said it is taking this action to free up its operations from a heavy debt service burden and to strengthen its balance sheet so that it is better positioned to weather the continuing weak U.S. housing market. The restructuring is embodied in a plan of reorganization which received overwhelming support from the Company’s lenders. The plan will reduce SIRVA’s outstanding bank debt by approximately $200 million and annual cash interest expense by approximately $54 million. As a result of the plan, the outstanding capital stock of the Company will be cancelled upon consummation of the restructuring.
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#35   so, is this no longer gonna be traded? armin666 05/15/08 03:38:36 PM
#34   13:35 SIRV Sirva Inc Common Stock 5/14/2008 Bankruptcy HDOGTX 05/13/08 03:06:18 PM
#33   SIRV FIled 15-12B yesterday for what its worth!! HDOGTX 05/13/08 10:49:31 AM
#32   Worth 0.00 mkinhaw 05/08/08 12:04:27 PM
#31   Help me understand this. If the stock JBJD 05/08/08 11:45:06 AM
#30   Posted by: chapter11 PennyPincher 05/08/08 10:52:55 AM
#29   NEWS OUT PennyPincher 05/08/08 10:37:50 AM
#28   going to pennys low floater PennyPincher 05/08/08 10:26:59 AM
#27   SIRVA Inc axelvento 04/21/08 07:55:01 AM
#26   LaSalle Attorney Says Bank Recommends Sirva Extension (Update1) axelvento 04/21/08 07:51:33 AM
#25   Judge Criticizes Sirva Bid To Exit Bankruptcy By axelvento 04/20/08 04:29:37 AM
#24   All these volumes today axelvento 04/17/08 01:54:58 PM
#23   up,,,, axelvento 04/17/08 10:22:56 AM
#22   up. Time & Sales axelvento 04/15/08 03:55:01 AM
#21   Time & Sales axelvento 04/08/08 06:14:03 AM
#20   Thanks very kind .. axelvento 04/07/08 04:36:12 AM
#19   Thanks for the info, tmcc 04/07/08 01:13:42 AM
#18   Thanks for the info, tmcc 04/07/08 01:13:20 AM
#17   Reply : It is a phenomenon that has Renee 04/06/08 09:20:38 AM
#16   Hello axelvento 04/06/08 05:33:43 AM
#15   You sirv news? axelvento 04/06/08 04:58:16 AM
#14   TMCC : look under page 3 , item Renee 04/06/08 01:48:17 AM
#13   Never mind, I read the I-Box tmcc 04/06/08 01:39:37 AM
#12   Do you have a Link tmcc 04/06/08 01:38:13 AM
#11   If the company has decided to cancel all axelvento 04/04/08 04:21:31 AM
#10   sirv possible merger axelvento 04/01/08 11:02:38 AM
#9   I told you that you are cleared axelvento 03/27/08 11:25:13 AM
#8   I can't tell you what to do...all I soupoftheday 03/27/08 11:22:35 AM
#7   Then I wrong to buy today? axelvento 03/27/08 11:20:39 AM
#6   This stock has been cancelled. The company soupoftheday 03/27/08 11:18:28 AM
#5   That target by the title axelvento 03/27/08 11:12:23 AM
#4   GLTU - read the ibox. soupoftheday 03/27/08 10:58:52 AM
#3   New here today I bought some action. axelvento 03/27/08 10:54:03 AM
#2   As a result of the plan, the outstanding soupoftheday 02/27/08 11:39:30 AM
#1   I'm doing my DD on this stock............ soupoftheday 02/27/08 11:32:42 AM
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