2012.09.4PRJP0098

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  7. At this time, we are not making any changes to our previously reported 2011 and 2012 EBITDA guidance on an apples to apples basis. Our 2011 EBITDA guidance included a forecasted $25 million EBITDA loss for Mexx. So at the time of our providing the 2011 guidance, the 2011 EBITDA range would’ve been $125 million to $145 million, excluding Mexx. Once the deal closes, we expect that we will account for global Mexx as discontinued operations, meaning we will adjust our 2011 and prior financial statements by eliminating the negative financial impact of Mexx on the company’s P balance sheet and cash flow statements from continuing operations.

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