LYCOS RETRIEVER 
Century
built 145 days ago
The unifying characteristic of the Century Series aircraft was advanced performance and avionics when they were introduced. The F-100 was the first aircraft in the USAF capable of exceeding the speed of sound in level flight. The F-101 was the first aircraft in the USAF capable of exceeding 1,000 mph (1,600 km/h). The F-102 was the first aircraft in the world to utilize area rule in its design. Three of the Century Series aircraft — F-101, F-102, and F-106 — were armed with nuclear air-to-air missiles. F-102 and F-106 were the only aircraft in USAF arsenal at the time in which a nuclear weapon was under control of a single person (during a mission).
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The Century is your ride—as challenging or relaxing as you choose, but always fun and rewarding. All routes have been carefully designed with your safety and enjoyment in mind. No matter which route you choose, you will be fully supported by experienced marshals and mechanics along the route and plentiful food at scenic rest stops. Plus on ride day all riders will receive a commemorative organic cotton t-shirt. Sign up before August 15 and you'll be eligible to use the express start on Ride Day.
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After payment of the initial 20 million Shanghai Century shares, Kelun shareholders will hold approximately 53.3 percent of the issued and outstanding ordinary shares of Shanghai Century. If the combined business entity achieves all of its net profit targets in 2007, 2008 and 2009, the Kelun shareholders will hold approximately 62.4 percent of the issued and outstanding ordinary shares of Shanghai Century, assuming none of Shanghai Century's warrants and options are exercised and no other ordinary shares are issued following the business combination.
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The Boards of Directors of Hughes and Century have approved the merger agreement and completion is subject to customary conditions, including regulatory approvals required under the Hart-Scott-Rodino Act. The total consideration in the merger will be $360 million (including the assumption of Century's indebtedness), and the merger is anticipated to close as soon as all regulatory approvals are received. Century, founded in 1988 and headquartered in Houston, is one of the nation's largest and fastest-growing distributors of MRO products to property management companies in the United States. Its extensive, nationwide distribution network includes 39 strategically located branches in major metropolitan markets in 35 states. Century's sales and operating income for the twelve months ended September 30, 2003 were $311 million and $35 million, respectively. It has enjoyed a robust growth profile and has been able to improve margins during the recent economic downturn.
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Following the closing of the business combination, Shanghai Century will be renamed China Kelun Pharmaceutical Corporation (China Kelun). Anthony Kai Yiu Lo and Franklin D. Chu, the current Co-Chief Executive Officers of Shanghai Century, will remain on the board of China Kelun as non-executive directors. Mr. Gexin Liu, the current chairman of Kelun's board of directors, will become the chairman of China Kelun.
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Century Bank is being advised by RP Financial, LC., and the law firm Silver Freedman & Taff, L.L.P. Liberty Bank is being advised by Stifel, Nicolaus & Company, Incorporated and the law firm Hahn Loeser & Parks LLP.
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