VB LLC

Press Releases

2014

ISSUER	TITLE	DATE	EXECUTIVE SUMMARY
	Centinel Spine™ Launches Ti-ACTIVE™ at the 2014 North American Spine Society Annual Meeting	November 5, 2014	Centinel Spine™ Launches Ti-ACTIVE™ at the 2014 North American Spine Society Annual Meeting
	Stryker Completes Acquisition of North American Assets of Small Bone Innovations, Inc.	August 1, 2014	Stryker Completes Acquisition of North American Assets of Small Bone Innovations, Inc.
	PARADIGM SPINE, LLC ANNOUNCES THE RELEASE OF TWO INDEPENDENT PROSPECTIVE CLINICAL STUDIES THAT SUBSTANTIATE COFLEX® INTERLAMINAR STABILIZATION AFTER DECOMPRESSION FOR THE TREATMENT OF SPINAL STENOSIS	July 8, 2014	PARADIGM SPINE, LLC ANNOUNCES THE RELEASE OF TWO INDEPENDENT PROSPECTIVE CLINICAL STUDIES THAT SUBSTANTIATE COFLEX® INTERLAMINAR STABILIZATION AFTER DECOMPRESSION FOR THE TREATMENT OF SPINAL STENOSIS
	PARADIGM SPINE, LLC ANNOUNCES THE RELEASE OF TWO INSIGHTFUL CLINICAL ARTICLES DIRECTLY ADDRESSING THE COST AND MORBIDITY OF FUSION SURGICAL PROCEDURES ASSOCIATED WITH THE TREATMENT OF LUMBAR SPINAL STENOSIS	June 10, 2014	PARADIGM SPINE, LLC ANNOUNCES THE RELEASE OF TWO INSIGHTFUL CLINICAL ARTICLES DIRECTLY ADDRESSING THE COST AND MORBIDITY OF FUSION SURGICAL PROCEDURES ASSOCIATED WITH THE TREATMENT OF LUMBAR SPINAL STENOSIS
	PDL BioPharma and Paradigm Spine Complete a $75 Million Financing Transaction	February 18, 2014	PDL BioPharma and Paradigm Spine Complete a $75 Million Financing Transaction

2013

ISSUER	TITLE	DATE	EXECUTIVE SUMMARY
	Ilana Odess, CEO & Founder, Woven Orthopedic Technologies, LLC won the Entrepreneurial Innovation and Leadership at the CT Technology Council- 2014 Women of Innovation	March 27, 2014	http://www.ct.org/signature-event/women-of-innovation
	Dr.h.c. Anthony G. Viscogliosi, Executive Chairman, to address World Obesity Crisis at Cleveland Clinic's Medical Innovation Summit on October 14-16	October 11, 2013	Dr.h.c. Anthony G. Viscogliosi, Executive Chairman, a prominent figure in the field of orthopedic devices, is to address next week's 11th Annual Medical Innovation
	Paradigm Spine, LLC Launches New coflex^® Solution Website	May 8, 2013	Paradigm Spine LLC, a provider of innovative spinal implant technologies, announced today the launch of its new coflex^® Solution patient-centric website
	Dr.h.c. Anthony G. Viscogliosi, Founder and Executive Chairman of Small Bone Innovations, Inc., Returning to Merchant Banking	January 31, 2013	Dr.h.c. Anthony G. Viscogliosi, the Founder and Executive Chairman of Small Bone Innovations, Inc., (SBi), announced that he will relinquish his executive management duties
	Paradigm Spine, LLC Announces That Cahaba GBA, LLC Has Determined That Its coflex^®Interlaminar Technology Can Be Covered in the United States of Alabama, Georgia and Tennessee	January 7, 2013	Paradigm Spine, LLC Announces that Cahaba GBA, LLC has determined that its Coflex® Interlaminar Technology can be covered in the states of Alabama, Georgia and Tennessee

2012

ISSUER	TITLE	DATE	EXECUTIVE SUMMARY
	Paradigm Spine, LLC & OM Healthcare Logistics Sign Multi-Year Logistics Agreement	October 23, 2012	Paradigm Spine LLC, a provider of innovative spinal implant technologies, and OM HealthCare Logistics, the third-party logistics (3PL) service of Owens & Minor,
	Paradigm Spine Announces U.S. FDA PMA Approval of Its Landmark coflex^® Interlaminar Technology	October 17, 2012	Paradigm Spine LLC, a provider of innovative spinal implant technologies, announces the U.S. Food and Drug Administration (“FDA”) has granted a Premarket Approval
	STAR™ Total Ankle Replacement to be featured on Fox Business News on Saturday, October 6th at 4.30 pm ET (1.30 pm PT)	October 6, 2012	Small Bone Innovations, Inc.'s (SBi) STAR™ total ankle replacement system will be featured exclusively by Fox Business News on Saturday,
	Paradigm Spine Welcomes Hallett Mathews, MD, MBA as Its Executive Vice President & Chief Medical Officer	September 12, 2012	Paradigm Spine Welcomes Hallett Mathews, MD, MBA as Its Executive Vice President & Chief Medical Officer the hire of one of the spine industry’s leading visionaries, practitioners, and clinical
	STAR™ Total Ankle Replacement to Be Featured on CNBC and Bloomberg International Network	August 20, 2012	Small Bone Innovations, Inc.'s STAR™ total ankle replacement system will be featured in the latest edition of
	STAR™ TOTAL ANKLE REPLACEMENT TO BE FEATURED ON FOX BUSINESS NETWORK BEGINNING JUNE 30, 2012	June 29, 2012	Small Bone Innovations, Inc.'s STAR™ total ankle replacement system will be featured on the new 21st Century
	TUFTS HEALTH PLAN IS THE FIRST IN THE U.S. TO SPECIFY REIMBURSEMENT OF 'ON-LABEL' TOTAL ANKLE REPLACEMENT PROCEDURE	June 28, 2012	Small Bone Innovations, Inc.'s STAR™ total ankle replacement system will be featured on the new 21st Century
	Paradigm Spine, LLC Announces Landmark Results in Two Recent Publications Based on Its Groundbreaking coflex® IDE Study	June 14, 2012	Paradigm Spine, LLC, a leading provider of non-fusion “surgeon-centric” spinal implant technologies, announces
	KANSAS STATE WORKERS COMPENSATION PROGRAM ADOPTS MEDICAL TREATMENT GUIDELINES RECOMMENDING STAR™ ANKLE REPLACEMENT SYSTEM EXCLUSIVELY	June 7, 2012	Small Bone Innovations, Inc. (SBi), a leading, privately held orthopedics company focused on arthroplasty and joint-related trauma technologies and treatments for the small bones and joints, reported that the Kansas Dept. of Labor's Division
	Paradigm Spine, LLC Announces Strategic Promotions and Hiring Of Key Personnel to Ensure Long-Term Growth and Success	March 14, 2012	Paradigm Spine, LLC, a leading provider of spinal implant technologies, announces the promotion and addition of key strategic personnel to strengthen operations and further position the
	NEW INDEPENDENT SURVEY OF U.S. FOOT AND ANKLE SURGEONS AFFIRMS MARKET LEADERSHIP OF STAR™ TOTAL ANKLE REPLACEMENT	March 11, 2012	In a new survey of U.S. foot and ankle surgeons, 56.1% of the surgeons surveyed identified the STAR™ Total Ankle Replacement system marketed by Small Bone Innovations, Inc.
	MICHAEL P. SIMPSON JOINS SMALL BONE INNOVATIONS AS PRESIDENT AND CEO	February 22, 2012	Small Bone Innovations, Inc. (SBi), a leading, privately held orthopedics company focused exclusively on arthroplasty and joint-related trauma technologies and
	SBi FOUNDER AND CEO SEES CONTINUING GROWTH IN SMALL BONE AND JOINT SECTOR OF ORTHOPEDICS MARKET	February 2, 2012	Revenues in the small bone and joint (or 'extremities') sector of the estimated $41 billion orthopedic devices market are forecast to

2011

ISSUER	TITLE	DATE	EXECUTIVE SUMMARY
	SMALL BONE INNOVATIONS, INC. SECURES $43 MILLION CREDIT FACILITY	December 7, 2011	Small Bone Innovations, Inc. (SBi), a leading, privately held orthopedics company focused exclusively on technologies and treatments
	Humana And UPMC Health Decisions Complete SBi's Goal Of 100% Private Payor Access To Star™ Total Ankle Replacement In U.S.	September 27, 2011	September 27, 2011 – Small Bone Innovations, Inc. (SBi) announced today that Humana, Inc., with nearly 11.3 million health plan members in the U.S.
	JAY FARRIS JOINS SMALL BONE INNOVATIONS, INC. AS NATIONAL SALES DIRECTOR, NORTH AMERICA	July 06, 2011	Helped Pioneer New Strategies in 'C-suite' Sales and Establishing a New Gold Standard in Medical Device Reprocessing
	PRIVATE HEALTH PLAN COVERAGE IN NEW YORK FOR STAR™ ANKLE REACHES 99% AS EMBLEM REVISES COVERAGE FOR 2.9 MILLION MEMBERS	June 16, 2011	Small Bone Innovations, Inc. (SBi) announced today that the 2.9 million members of EmblemHealth's Health Insurance Plan of New York (HIP) and Group Health Incorporated plans in the
	Star™ Total Ankle Replacement Being Covered in Arkansas by QualChoice Health Plans	June 14, 2011	Small Bone Innovations, Inc. (SBi) announced today that effective March 8, 2011, health plans managed by QualChoice Health Plans, Little Rock, AK, covering almost 50,000
	Health Net Plan Members Gain Access to STAR™ Total Ankle Replacement System	May 25, 2011	Small Bone Innovations, Inc. (SBi) announced today that approximately 1.4 million members of health insurance plans sponsored by Health Net in the Northeast tri-state
	SMALL BONE INNOVATIONS, INC. RECEIVES ACCREDITATION FROM JAPAN FOR ITS FACILITIES	May 16, 2011	Small Bone Innovations, Inc. (SBi), announced today that its Morrisville, PA and Péronnas, France facilities have received manufacturers' accreditation from the government of Japan.
	STAR™ TOTAL ANKLE REPLACEMENT BEING COVERED IN MASSACHUSETTS AND RHODE ISLAND UNDER TUFTS HEALTH PLAN	May 5, 2011	Small Bone Innovations, Inc. (SBi), announced today that its Morrisville, PA and Péronnas, France facilities have received manufacturers' accreditation from the government of Japan.
	STAR ANKLE JOINT REPLACEMENTS LAST LONG TERM AND PROVIDE RELIEF FOR PATIENTS	May 2, 2011	A report on the STAR™ Ankle prosthesis published in the journal, Foot & Ankle International (May 2011 edition, Volume 32 #5 © American Orthopaedic Foot & Ankle Society) is the first long term
	Centinel Spine™ Continues Record Growth in Q1, 2011	April 18, 2011	A record 47% year-over-year sales increase for Q1, 2011 compared to the same period in 2010 was announced today by Centinel Spine, Inc. (Centinel™), innovator and a market leader
	SBi's STAR™ TOTAL ANKLE REPLACEMENT COVERED IN WASHINGTON STATE, OREGON AND ALASKA BY LIFEWISE HEALTH PLANS	April 18, 2011	Small Bone Innovations, Inc. (SBi) announced today that LifeWise health plans in Washington State, Oregon and Alaska, covering 1.6 million members, have revised their coverage policies to cover
	BLUECROSS AND BLUESHIELD OF ARIZONA NOW COVERS SBi's STAR™ ANKLE EXTENDING ACCESS TO 92% OF THE PRIVATELY INSURED IN THE U.S.	April 14, 2011	Small Bone Innovations, Inc. (SBi) announced today that nearly 1.3 million individuals in the state of Arizona covered by BlueCross BlueShield (BCBS) of Arizona, the state's largest health
	Coventry Health Care Latest to Provide Access to Sbi's Star™ Total Ankle Replacement System	April 11, 2011	Small Bone Innovations, Inc. (SBi) announced today that 1.7 million people nationwide covered by Coventry Health Care (NYSE: CVH) will have access to SBi's STAR™ Total Ankle
	Tricare® Armed Forces Health Care Program to Provide Access to Sbi's Star™ Total Ankle Replacement System	March 28, 2011	Small Bone Innovations, Inc. (SBi) announced today the 9.6 million beneficiaries of the US Department of Defense TRICARE® health care program, which covers armed forces personnel, retirees and
	Blue Cross and Blue Shield Companies to Reimburse Sbi's Star™ Total Ankle Replacement	March 23, 2011	Small Bone Innovations, Inc. (SBi) announced today that nearly 1.3 million individuals in the state of Arizona covered by BlueCross BlueShield (BCBS) of Arizona, the state's largest health
	WELLPOINT'S UNICARE SUBSIDIARY REVISES ITS COVERAGE POLICY ON TOTAL ANKLE REPLACEMENT TO COVER SBi's Star™ Ankle	March 10, 2011	Small Bone Innovations, Inc. (SBi), an orthopedics company focused exclusively on serving patients and their physicians with technologies and treatments for joint repair (arthroplasty) and trauma
	Task Force Reaches Agreement on Diagnosis and Treatment of Diabetic Foot as Disease Escalates Worldwide	February 23, 2011	An international Task Force on Charcot arthropathy, supported by unrestricted educational grants from Small Bone Innovations, Inc. (SBi) and other orthopedics companies, has
	Cigna Revises its Coverage Policy to Cover Sbi's Star™ Ankle Replacement System Based on Review of Latest Clinical Data and Patient Experience	February 16, 2011	Small Bone Innovations, Inc. (SBi), an orthopedics company focused exclusively on serving patients and their physicians with technologies and treatments for joint repair (arthroplasty) and
	Aetna® Revises its Coverage Policy to Approve Sbi's Star™ Ankle Replacement System after Reviewing Clinical Data and Patient Experience	February 11, 2011	Small Bone Innovations, Inc. (SBi), an orthopedics company focused exclusively on serving patients and their physicians with technologies and treatments for joint repair (arthroplasty) and
	Small Bone Innovations Inc. Reports Significant Revenue Growth in 2010	February 10, 2011	Small Bone Innovations, Inc. (SBi), an orthopedics company focused exclusively on serving patients and their physicians with technologies and treatments for joint repair (arthroplasty) and
	Small Bone Innovations, Inc. Strengthens Executive Team	February 09, 2011	Small Bone Innovations, Inc. (SBi), an orthopedics company focused exclusively on serving patients and their physicians with technologies and treatments for joint repair (arthroplasty) and trauma
	Seasoned Industry Executives Join Centinel Spine Sales Team	January 19, 2011	Industry innovator Centinel Spine, Inc., a leader in Integrated Interbody Fusion™ device development, announced the appointments of Bill Pfost and Dan Martin as National VP
	Centinel Spine Posts Record Results for Q4 2010	January 18, 2011	Centinel Spine, Inc. (Centinel), a market leader in the development, manufacture and distribution of Integrated Interbody Fusion™ devices, today announced

2010

ISSUER	TITLE	DATE	EXECUTIVE SUMMARY
	1,500th Implant Milestone Reached by Centinel Spine’s STALIF C™	December 16, 2010	Centinel Spine, Inc. today announced implantation of the 1,500th STALIF C™, the company’s cervical Integrated Interbody Fusion™
	SMALL BONE INNOVATIONS, INC. RAISES $15 MILLION IN SERIES F FINANCING	December 16, 2010	Series F round led by Viscogliosi Brothers, LLC with other existing investors also participating
	VISCOGLIOSI BROTHERS ACTS AS A STRATEGIC ADVISOR TO OLYMPUS CORPORATION ON OP-1 BONE ACQUISITION FROM STRYKER CORPORATION	December 8, 2010	Viscogliosi Bros., LLC (VB), a merchant banking and venture capital/private equity firm focused exclusively on the musculoskeletal /orthopedics sector, today reported it acted as strategic advisor
	SBi SELLS SHOULDER-RELATED ASSETS	December 7, 2010	Enables increased focus on SBi's leading small bone & joint product lines
	SMALL BONE INNOVATIONS INTERNATIONAL S.A.S. ENTERS INTO AN EXCLUSIVE DISTRIBUTION AGREEMENT WITH BIOMET NEDERLAND B.V.	November 10, 2010	Expands pre-existing distribution agreement with one of the foremost orthopedic companies in the world
	STALIF MIDLINE™ Alpha Launch Begins as First Device is Implanted	October 21, 2010	Just days after Centinel Spine’s new STALIF MIDLINE™ Integrated Interbody Fusion™ system was unveiled at the annual meeting of the North American Spine Society (NASS),
	Centinel Spine Receives 510K Clearance for STALIF MIDLINE™	October 6, 2010	Centinel Spine, Inc. (Centinel), a leader in developing Integrated Interbody Fusion™ devices, announced today that it has received 510(K) clearance from the U.S.
	Dr.h.c. ANTHONY G. VISCOGLIOSI, EXECUTIVE CHAIRMAN, TO RECEIVE INTERNATIONAL EQUITY FINANCING AWARD FROM LEADING U.S. INVESTMENT BANKING PUBLICATION	September 22, 2010	The M&A Advisor, a leading investment banking publication, selected Dr.h.c. Anthony G. Viscogliosi, Executive Chairman, Founder & CEO of Small Bone Innovations, Inc. (SBi), as a recipient of the
	S.T.A.R.® TOTAL ANKLE ARTHROPLASTY PROCEDURES RECORDED STRONG GROWTH AS HIP, KNEE AND SPINE SURGERIES FACE FIRST DECLINE IN DECADES	September 16, 2010	August was the biggest month ever in North America for S.T.A.R. revenues and surgeries
	SBi ANNOUNCES IMPRESSIVE 1ST HALF 2010 REVENUE GROWTH WITH S.T.A.R.® ANKLE SECURING ITS POSITION AS THE LEADING TOTAL ANKLE REPLACEMENT SYSTEM IN THE WORLD	August 17, 2010	SBi is the #1 ankle company in the world
	SMALL BONE INNOVATIONS, INC. ANNOUNCES FIRST RE-MOTION™ TOTAL WRIST SURGERY IN MALAYSIA THROUGH ITS ASIA-PACIFIC JOINT VENTURE	August 11, 2010	SMALL BONE INNOVATIONS, INC. ANNOUNCES FIRST RE-MOTION™ TOTAL WRIST SURGERY IN MALAYSIA THROUGH ITS ASIA-PACIFIC JOINT VENTURE
	SMALL BONE INNOVATIONS, INC. EXTENDS ITS EXCLUSIVE TRAINING AGREEMENT WITH RUSSIAN ILIZAROV SCIENTIFIC CENTER FOR AN ADDITIONAL 5 YEARS	August 4, 2010	SBi is the exclusive provider of foot & ankle surgeon training courses
	MARC R. VISCOGLIOSI AMONG '40 UNDER 40' AWARD WINNERS TO BE RECOGNIZED BY LEADING U.S. BANKING PUBLICATION	July 20, 2010	The M&A Advisor, an influential investment banking publication, named Marc R. Viscogliosi, a Principal of New York merchant bank Viscogliosi Bros. LLC,
	Dr.h.c. ANTHONY G. VISCOGLIOSI, EXECUTIVE CHAIRMAN & CEO OF SMALL BONE INNOVATIONS, INC., TO ADDRESS ORTHOPEDICS ENTREPRENEURS IN CHICAGO ON JUNE 14	May 17, 2010	Dr.h.c. Anthony G. Viscogliosi, Executive Chairman & CEO of Small Bone Innovations, Inc. (SBi), will address attendees at the BioMedGPS JointVentures Conference of owners and investors in early-to-mid stage medical technology companies in Chicago on June 14-15.
	OLYMPUS CORPORATION MAKES STRATEGIC INVESTMENT IN SMALL BONE INNOVATIONS, INC.	May 13, 2010	Small Bone Innovations, Inc. (SBi), a leading privately-held orthopedic company focused exclusively on technologies and treatments for the small bones & joints,
	NYU LANGONE MEDICAL CENTER'S HOSPITAL FOR JOINT DISEASES OFFERS S.T.A.R. ANKLE REPLACEMENT TECHNOLOGY	May 04, 2010	The Hospital for Joint Diseases at NYU Langone Medical Center (HJD) now offers patients the Scandinavian Total Ankle Replacement system, or S.T.A.R. Ankle, for the surgical treatment of
	SMALL BONE INNOVATIONS, INC. RANKED #24 IN VentureSource SURVEY TO IDENTIFY TOP 50 US BASED VENTURE CAPITAL-BACKED COMPANIES	April 13, 2010	Small Bone Innovations, Inc. (SBi), a leading privately-held orthopedic company focused exclusively on technologies and treatments for the small bones & joints, ranked #24 on a survey conducted by
	SMALL BONE INNOVATIONS, INC. RECEIVES US FDA 510(k) CLEARANCE FOR MINI-RAIL FIXATION SYSTEM AND LARGE CANNULATED SCREW SYSTEM	February 24, 2010	Supports and enhances expansion of lower limb continuum of care product portfolio
	SMALL BONE INNOVATIONS ANNOUNCES FIRST SURGERIES IN MALAYSIA THROUGH ITS ASIA PACIFIC JOINT VENTURE	January 27, 2010	Supports and enhances expansion of lower limb continuum of care product portfolio

2009

ISSUER	TITLE	DATE	EXECUTIVE SUMMARY
	SMALL BONE INNOVATIONS ESTABLISHES ASIA PACIFIC JOINT VENTURE	December 15, 2009	Small Bone Innovations, Inc. (SBi), a leading, privately held orthopedics company focused exclusively on technologies and treatments for the small bones & joints, announced
	SMALL BONE INNOVATIONS, INC. SECURES $30MM CREDIT FACILITY	December 14, 2009	Dr.h.c. Anthony G. Viscogliosi, the Founder and Executive Chairman of Small Bone Innovations, Inc., (SBi), announced that he will relinquish his executive management duties
	HOSPITAL FOR JOINT DISEASES' FOUNDERS GALA RAISES $1 MILLION	November 5, 2009	The Hospital for Joint Diseases (HJD) raised more than $1 million to support programs designed to improve the lives of people with musculoskeletal and neurological disorders at its annual
	KHAZANAH INVESTS USD25M IN SMALL BONE INNOVATIONS, INC.	July 1, 2009	Khazanah Nasional Berhad ("Khazanah"), is pleased to announce that it has invested approximately USD25 million (RM90 million) in Small Bone Innovations, Inc. ("SBi"),
	SMALL BONE INNOVATIONS, INC. RAISES $144 MILLION	June 30, 2009	Raises Series D round of $108mm - one of the largest private equity capital financings for an orthopedic company
	FDA APPROVES SBi's S.T.A.R.®; TOTAL ANKLE REPLACEMENT SYSTEM	May 28, 2009	FDA-approved Instructions for Use indicate S.T.A.R.® is superior in efficacy and comparable in safety to ankle fusion in clinical trials
	SMALL BONE INNOVATIONS, INC. TO CONDUCT LIMB SALVAGE WORKSHOP AT ANNUAL DIABETIC FOOT CONFERENCE IN LOS ANGELES	March 18, 2009	SBi is a provider of products & education services to Foot & Ankle surgeons treating diabetic feet

2008

ISSUER	TITLE	DATE	EXECUTIVE SUMMARY
	Centinel Spine Announces Exclusive US- Distribution Rights of STALIF TT™ Stand Alone Lumbar IBF Device	December 16, 2008	Centinel Spine, Inc. announced today that further to its strategic integration plan with Surgicraft Group Holdings Limited (Surgicraft), Centinel Spine has
	SMALL BONE INNOVATIONS, INC. TO ACQUIRE S.T.A.R. TOTAL ANKLE REPLACEMENT TECHNOLOGY	January 29, 2008	Small Bone Innovations, Inc. (SBi), a single-source provider of innovation, products, technology and education for
	NEW YORK COLLEGE OF PODIATRIC MEDICINE CONFERS HONORARY DOCTORATE DEGREE ON ORTHOPEDIC INDUSTRY LEADER, Dr.h.c. ANTHONY G. VISCOGLIOSI, EXECUTIVE CHAIRMAN	January 2, 2008	During its academic convocation in December at the Grand Hyatt, the New York College of Podiatric Medicine (NYCPM) conferred upon the orthopedics industry benefactor
	Centinel Spine Commences US Evaluation of its New STALIF C™ Stand Alone Cervical IBF Device	October 28, 2008	Centinel Spine, Inc. announced today that it has initiated US Alpha Site evaluation of the STALIF C™ NO PROFILE™ Stand
	New Identity Reflects Centinel Spine’s Global Growth Strategy in Key Spinal Markets	October 21, 2008	Reflecting the company’s aggressive strategy to expand the market for its spinal device technology, Raymedica, LLC has unveiled a new corporate identity

Forward-looking statements caution
Visitors to the 'Press Releases' and 'News Coverage' pages should read with caution forward-looking statements appearing in press releases or spoken on broadcast media. Forward looking statements are defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the businesses of VB and its portfolio companies including increased competition; the ability of VB and its portfolio companies to expand their operations and to attract and retain qualified professionals; technological obsolescence; general economic conditions; and other risks.