Bond Sales for New Hospital Going According to Plan

August 20, 2008

On May 13th Valley County voters gave their approval to a $21.3 million dollar general obligation bond issue, proceeds to be applied toward the construction of a new hospital. Valley County Health System announced that on Thursday, July 24, the first of several issuances realized $7.2 million dollars in bond sales.

Marc Munford, Assistant Vice President with Ameritas Investment Corporation,
appeared before the Valley County Board of Supervisors on August 12. Mr. Munford informed the Supervisors that the sale of the bonds is going according to plan and the $7.2 million in bonds sold on July 24 will be deposited into a designated trustee account on August 26.

Valley County Health System CEO, Larry Schrage stated, “We are extremely pleased that this first issue exceeded sales estimates by $3.2 million and are pleased with our decision to target this first issue to local and Nebraska area investors. The sales rate of 5.08% was positive to our original estimates. Within the next few months we will once again announce to our citizens the dates of our future sales which are being managed by our investment partner, Ameritas Investment Corporation from Lincoln.”