FTD COMPANIES, INC.: Receives Court Approval for the Sale of the FTD North America and Latin America Consumer and Florist Businesses and the Sale of Shari's Berries

FTD Companies, Inc. issued the following announcement on Aug. 9.

FTD Companies, Inc. (the "Company") today announced that the U.S. Bankruptcy Court for the District of Delaware (the "Court") has approved the sale of the FTD North America and Latin America Consumer and Florist businesses, including ProFlowers, to an affiliate of Nexus Capital Management LP for approximately $110.9 million, and the sale of Shari's Berries to an affiliate of 1-800-Flowers.com, Inc. for $20.5 million.

"We undertook a robust and competitive court-supervised sale process, and with the Court's approval, we are now moving forward with transactions that reflect the highest and best value for our businesses. Importantly for florists, Nexus brings resources, experience and stability that we believe will enable the member network to continue to grow into the future. We are continuing to support our florists and business partners and serve customers as we work to complete the transactions," said Scott Levin, FTD's President and Chief Executive Officer. "We also thank all of our employees for their continued hard work and dedication throughout this process."

The Company anticipates completing the transactions in the coming weeks.

Additional Information
Additional information about the court-supervised restructuring process is available on the Company's restructuring website, www.FTDrestructuring.com. In addition, Bankruptcy Court filings and other information related to the court proceedings are available on a separate website administered by the Company's claims agent, Omni Management Group, at www.omnimgt.com/FTD, or by calling Omni representatives toll-free at 1-866-205-3144 or 1-818-906-8300 for calls originating outside of the U.S.

Jones Day is serving as legal advisor to the Company, Moelis & Company LLC and Piper Jaffray & Co. are serving as its investment bankers and financial advisors, and AP Services, LLC, an affiliate of AlixPartners, is providing Chief Restructuring Officer services.

About FTD Companies, Inc.  
Through our diversified family of brands, FTD Companies, Inc. and its affiliates historically have provided floral, specialty foods, gifts, and related products to consumers primarily in North America, as well as floral products and services to retail florists and other retail locations throughout these same geographies. FTD has been delivering flowers since 1910, and the highly-recognized FTD® brand is supported by the iconic Mercury Man® logo, which is displayed in over 30,000 floral shops in more than 125 countries. In addition to FTD, our diversified portfolio of brands historically has included the following trademarks: ProFlowers®, Shari's Berries®, Personal Creations®, Gifts.com™, and ProPlants®. FTD Companies, Inc. is headquartered in Downers Grove, Ill. For more information, please visit www.ftdcompanies.com.

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