EX-99.1 3 g83381exv99w1.txt EX-99.1 PRESS RELEASE EXHIBIT 99.1 [NATIONAL SERVICE INDUSTRIES, INC. LETTERHEAD] JUNE 12, 2003 NSI NSI ANNOUNCES CLOSING OF MERGER WITH AFFILIATE OF CALIFORNIA INVESTMENT FUND, LLC ATLANTA -- JUNE 12, 2003 -- NATIONAL SERVICE INDUSTRIES, INC. (NYSE: NSI) TODAY ANNOUNCED THE COMPLETION OF THE PREVIOUSLY ANNOUNCED MERGER WITH NS ACQUISITION CORP., AN AFFILIATE OF CALIFORNIA INVESTMENT FUND, LLC. PURSUANT TO THE MERGER AGREEMENT, EACH OUTSTANDING SHARE OF NSI COMMON STOCK WILL BE CONVERTED INTO THE RIGHT TO RECEIVE $10.00 IN CASH. EFFECTIVE UPON TODAY'S FILING OF THE CERTIFICATE OF MERGER WITH THE SECRETARY OF STATE OF DELAWARE, NS ACQUISITION CORP. WAS MERGED WITH AND INTO NSI, WITH NSI CONTINUING AS THE SURVIVING CORPORATION. AS A RESULT OF THE TRANSACTION, NSI'S COMMON STOCK WILL NO LONGER BE LISTED ON THE NEW YORK STOCK EXCHANGE OR REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION. * * * NATIONAL SERVICE INDUSTRIES, INC., WITH FISCAL YEAR 2002 SALES OF $530 MILLION, HAS TWO BUSINESS SEGMENTS -- TEXTILE RENTAL AND ENVELOPES. * * *