Market Overview

TransPerfect Moves State of Incorporation from Delaware to Nevada


World's Largest Translation and Technology Services Company Cites
Nevada's Business-Friendly Jurisdiction as Reason for "Dexit"

TransPerfect, the world's largest provider of language and technology
solutions for global business, announced that it has moved the state of
its incorporation from Delaware to Nevada, effective August 6, 2018. The
company's global headquarters will remain in New York, NY and the
company will continue to service clients through more than 4,000
employees operating in over 100 offices worldwide.

In 2017, the Delaware Court of Chancery ordered the auction of a
private, profitable, rapidly-growing, industry leader, TransPerfect
Global (the parent company of TransPerfect) against the wishes of two
out of three owners, the first ruling of its kind in U.S. history. Phil
Shawe was forced to compete in an auction to retain the company he
co-founded and co-owned, while simultaneously contesting its legality
and constitutionality. Shawe prevailed in that auction and successfully
gained ownership and full control of the company, allowing it to move
forward under its existing and unified management team. However, the
litigation was protracted, disruptive to TransPerfect employees, and
costly to both the company and its co-founders. Many believe that the
unprecedented manner in which the Chancery Court handled the case was a
key factor in Delaware plummeting from its #1 ranking in the U.S.
Chamber of Commerce business litigation survey to #11.

TransPerfect President and CEO Phil Shawe said, "For many years, most
companies, including ours, considered Delaware the default option for
incorporation. But times and circumstances have changed. Other states,
Nevada chief among them, now represent compelling alternatives."

Fellow TransPerfect shareholder, Shirley Shawe, added, "The expense
burden some jurisdictions place on resident companies through overly
high litigation costs is simply staggering; our situation in Delaware
was a perfect example. Without significant legislative reform, I would
not be surprised if TransPerfect's 'Dexit' becomes part of a larger
trend." She went on to say, "Nevada has a reputation for a rational and
predictable judiciary, as well as one that operates with lower
litigation costs and promotes settlements."

Following the May 7, 2018 closing, TransPerfect announced
record-breaking first and second quarter financial performances.
Commenting on the company's performance, Phil Shawe said, "TransPerfect
is up 20% year-to-date and we expect to exceed $700 million in revenue
in 2018. With all appeals having been exhausted or forgone, our new
incorporation domicile in Nevada, and our experienced management team
and workforce, TransPerfect has truly begun a new chapter. We are poised
to continue our successful business model and to make the necessary
investments to drive innovation and growth."

About TransPerfect

is the world's largest provider of language
and technology
for global business. From offices in over 90 cities
on six continents, TransPerfect offers a full range of services in 170+
languages to clients worldwide. More than 4,000 global organizations
employ TransPerfect's GlobalLink® Product
Suite to simplify management of multilingual content. With an
unparalleled commitment to quality and client service, TransPerfect is
fully ISO
 and ISO
 certified. TransPerfect has global headquarters in New York,
with regional headquarters in London and Hong Kong. For more
information, please visit our website at

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