Monday, August 16, 2010

YRC Worldwide Establishes Strategic Relationship with Austin Ventures through the Sale of YRC Logistics

-- Completes Initial Closing with Proceeds of $33.6 Million
-- YRCW Customers Will Continue to Receive Complimentary Logistic Services through Austin Ventures


OVERLAND PARK, Kan., Aug. 16, /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq:YRCW - News) today announced that it completed the initial closing on the previously announced sale of a portion of YRC Logistics. The gross proceeds for the transaction were approximately $38.7 million of which YRC Worldwide received $33.6 million at the initial closing with an additional $2.3 million placed in escrow for further closings of foreign entities over the coming months, and $2.8 million was placed in escrow for indemnification purposes.

All of the multiemployer pension funds that are parties to the company's pension contribution deferral agreement ("CDA") agreed to amend the CDA. The CDA amendment provides for certain terms in the company's most recent amendment to its credit agreement to be effective, including the retention of 100% of the proceeds from the sale of YRC Logistics.

YRC Worldwide will retain its two China-based joint ventures. The company will continue to offer its customers complimentary logistics solutions through its strategic relationship with Austin Ventures, which is created by a comprehensive commercial services agreement between the parties.

YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is one of the largest transportation service providers in the world and the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America, with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit yrcw.com for more information.

Investor Contact:

Paul Liljegren

Media Contact:

Suzanne Dawson



YRC Worldwide Inc.


Linden Alschuler & Kaplan



913.696.6108


212.329.1420



Paul.Liljegren@yrcw.com


sdawson@lakpr.com

Form 8-K for REPROS THERAPEUTICS INC.

16-Aug-2010

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or St


Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 13, 2010, Repros Therapeutics Inc. (the "Company") received a letter from the Nasdaq Hearings Panel (the "Panel") stating that it has determined to grant the Company until October 31, 2010 to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

As previously announced, the Company has not been in compliance with Listing Rule 5550(a)(2) requiring the Company to maintain a minimum $1.00 bid price per share for continued inclusion on the Nasdaq Capital Market. The Panel's determination to grant the Company's request for an extension to regain compliance follows the Company's hearing before the Panel on July 22, 2010. If the Company cannot demonstrate compliance with all the requirements for continued listing on the Nasdaq Capital Market, including the requirement to maintain a minimum bid price of $1.00 per share, by October 31, 2010, its shares of common stock will be subject to immediate delisting.

At the Company's annual stockholders' meeting held on May 17, 2010, the stockholders approved a proposal to grant the Company's board of directors the authority to effect a reverse split of its common stock within one year of such annual meeting on a basis not to exceed one share of common stock for up to five shares of common stock outstanding, if necessary, in the sole discretion of the Company's board of directors, for purposes of maintaining its listing on the Nasdaq Capital Market. The Company intends to actively monitor the minimum bid price of its stock between now and such date, and will consider available options (including effecting a reverse split) to regain compliance with the Nasdaq continued listing requirements.

A copy of the press release announcing the Company's receipt of the determination from the Panel is furnished as Exhibit 99.1 to this Current Report on Form 8-K.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

  Exhibit
Number Description
99.1 Press Release dated August 13, 2010