Safeguard Scientifics Increases Aggregate Partner Company Revenue Guidance for 2013; Announces Final
Safeguard Scientifics Increases Aggregate Partner Company Revenue Guidance for 2013; Announces Final Agenda, Webcast for Investor Day 2013
WAYNE, Pa.--(BUSINESS WIRE)-- Safeguard Scientifics, Inc. (NYS: SFE) announced that it has increased 2013 aggregate partner company revenue guidance to a range of $285 million to $295 million, up from its initial revenue guidance of $250 million to $270 million. This represents an increase of 44% to 49% as compared to $197.3 million in 2012. Results for Safeguard partner companies are reported on a one-quarter lag basis.
Safeguard also announced the final agenda and webcast information for Investor Day 2013. The event will be held at the New York Stock Exchange tomorrow, October 8, 2013 from 8:00 a.m. - 11:45 a.m. EDT.
RSVP: There is still time to RSVP. Please go to www.safeguard.com/InvestorDay2013 or email us at IR(at)safeguard(dot)com. PLEASE NOTE THAT DUE TO SECURITY RESTRICTIONS AT THE NEW YORK STOCK EXCHANGE, PRE-REGISTRATION IS REQUIRED.
|8:00 a.m.||Registration and Breakfast|
|8:30 a.m.||Opening Remarks|
|Stephen T. Zarrilli - Safeguard's President and CEO|
|11:45 a.m.||Closing Remarks followed by Luncheon with Informal Conversation|
Please call / login at least 15 minutes prior to register.
Call-in Number: 877-317-6789
Replay Number: 877-344-7529
Replay Access Code: 10034866
Replay available through November 8, 2013 at 9:00am EST
About Safeguard Scientifics
Founded in 1953 and based in the Greater Philadelphia area, Safeguard Scientifics, Inc. (NYS: SFE) is celebrating 60 years of building market leaders and fostering innovation and entrepreneurship. Today, Safeguard provides growth capital and operational support to healthcare and technology companies in medtech, healthtech, specialty pharmaceuticals, financial technology, digital media, and Enterprise 3.0. For more information, please visit our website at www.safeguard.com.
Safeguard Press Resources
Except for the historical information contained herein, statements in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the Company's ability to make good decisions about the deployment of capital, the fact that our partner companies may vary from period to period, the Company's substantial capital requirements and the absence of liquidity from our partner company holdings, the Company's inability to obtain maximum value for our partner company holdings, market valuations in sectors in which our partner companies operate, the Company's inability to control our partner companies, the need to manage assets to avoid registration under the Investment Company Act of 1940, risks associated with our partner companies, and other uncertainties described in the Company's filings with the Securities and Exchange Commission. Many of these factors are beyond the Company's ability to predict or control. As a result, past financial performance should not be relied on as an indication of future performance. The Company does not assume any obligation to update any forward-looking statements or other information in this press release.
Safeguard Scientifics, Inc.
John E. Shave III
Vice President, Business Development and Corporate Communications
KEYWORDS: United States North America New York Pennsylvania
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