SAN FRANCISCO, Oct. 12 /PRNewswire-FirstCall/ -- Salesforce.com , the enterprise cloud computing company, today announced that Marc Benioff, chairman and CEO of salesforce.com, will speak at an Executive Sponsor Session at Oracle OpenWorld on Tuesday, October 13, 2009 at 1:00 pm PDT. Michael Dell, chairman and CEO of Dell, will be a special guest during Mr. Benioff's presentation, which will be located at the Novellus Theater in the Yerba Buena Arts Center, next to Moscone North.
Salesforce.com will be showcasing its Sales Cloud, Service Cloud and Custom Cloud offerings at the conference, and will demonstrate how customers are generating business success with Oracle and Salesforce CRM - the best of both worlds. Salesforce.com is a Gold Sponsor of Oracle OpenWorld and will be in booth 3119 during the show, held October 11-15, 2009 at Moscone Center in San Francisco.
To register for Oracle OpenWorld, please go to http://www.oracle.com/openworld. You must be registered to attend the Executive Sponsor Session.
Salesforce.com is the enterprise cloud computing company. The company's portfolio of Salesforce CRM applications, available at http://www.salesforce.com/products/, has revolutionized the ways that companies collaborate and communicate with their customers across sales, marketing and service. The company's Force.com platform (http://www.salesforce.com/platform/) enables customers, partners and developers to quickly build powerful business applications to run every part of the enterprise in the cloud. Based on salesforce.com's real-time, multi-tenant architecture, Salesforce CRM and Force.com offer the fastest path to customer success with cloud computing.
As of July 31, 2009, salesforce.com manages customer information for approximately 63,200 customers including Allianz Commercial, Dell, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.
Copyright (c) 2009 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.Photo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO
CONTACT: Gordon Evans of salesforce.com, +1-415-536-7608,
Web Site: http://www.salesforce.com/
SANTA MONICA, Calif., Oct. 12 /PRNewswire-FirstCall/ -- Entravision Communications Corporation announced today that it will release third quarter 2009 financial results after market hours on Wednesday, November 4, 2009.
The company will also host a teleconference to discuss its third quarter 2009 financial results on Wednesday, November 4, 2009 at 5:00 p.m. Eastern Time. To access the teleconference, please dial (412) 858-4600 ten minutes prior to the start time. The teleconference will also be available via live webcast on the investor relations portion of the Company's Web site located at http://www.entravision.com/.
If you cannot listen to the teleconference at its scheduled time, there will be a replay available through Thursday, November 12, 2009, which can be accessed by dialing (877) 344-7529 (U.S.) or (412) 317-0088 (Int'l), passcode 434237. The webcast will also be archived on the Company's Web site for 30 days.
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision is the largest affiliate group of both the top-ranked Univision television network and Univision's TeleFutura network, with television stations in 20 of the nation's top 50 Hispanic markets. The company also operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.Entravision
CONTACT: Christian Nery, Brainerd Communicators, Inc., +1-212-986-6667,
Web Site: http://www.entravision.com/
CORPUS CHRISTI, Texas, Oct. 12 /PRNewswire-FirstCall/ -- Susser Holdings Corporation said today it expects to report same-store merchandise sales growth for the third quarter of 2009 of approximately 4.0 percent. Retail average per-store fuel volumes are expected to increase by 5.5 percent year-over-year.
For the first nine months of the year, Susser expects to report an increase in same-store merchandise sales of approximately 4.8 percent year-over-year. Retail average per-store fuel volumes are also expected to be 5.5 percent higher for the nine-month period.
Third Quarter Earnings Conference Call
Susser will release its third quarter 2009 financial and operating results on Wednesday, Nov. 4, before the market opens. In conjunction with the release, the Company has scheduled a conference call that will be broadcast live over the Internet the same day at 11 a.m. Eastern Time.
What: Susser Holdings Third Quarter 2009 Earnings Conference Call When: Wednesday, Nov. 4 at 11 a.m. ET
Participate live via phone by dialing 480-629-9821, or live over the Internet by logging onto the Company's web site at http://www.susser.com/ on the "Events & Presentations" page of the Investor Relations section. A telephonic replay will be available through Nov. 11 by calling 303-590-3030 and using the access code 4171075#. An archive of the webcast will be available for 60 days on Susser's web site.
Corpus Christi, Texas-based Susser Holdings Corporation is a third-generation family led business that operates more than 520 convenience stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in over 300 of its stores, primarily under the proprietary Laredo Taco Company and Country Cookin' brands. The Company also supplies branded motor fuel to approximately 380 independent dealers through its wholesale fuel division.
This news release contains "forward-looking statements" describing Susser's objectives, targets, plans, strategies, costs, anticipated capital expenditures, expansion of our food service offerings, potential acquisitions and new store openings and dealer locations. These statements are based on current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially, including but not limited to: competition from other convenience stores, gasoline stations, dollar stores, drug stores, supermarkets, hypermarkets and other wholesale fuel distributors; changes in economic conditions; volatility in energy prices; political conditions in key crude oil producing regions; wholesale cost increases of tobacco products; adverse publicity concerning food quality, food safety or other health concerns related to our restaurant facilities; consumer or other litigation; consumer behavior, travel and tourism trends; devaluation of the Mexican peso or restrictions on access of Mexican citizens to the U.S.; unfavorable weather conditions; changes in state and federal regulations; dependence on one principal supplier for merchandise, two principal suppliers for gasoline and one principal provider for transportation of substantially all of our motor fuel; financial leverage and debt covenants; changes in debt ratings; inability to identify, acquire and integrate new stores; dependence on senior management; acts of war and terrorism; and other unforeseen factors. For a full discussion of these and other risks and uncertainties, refer to the "Risk Factors" section of the Company's annual report on Form 10-K for the year ended December 28, 2008, and subsequent quarterly reports on Form 10-Q. These forward-looking statements are based on and include our estimates as of the date hereof. Subsequent events and market developments could cause our estimates to change. While we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if new information becomes available, except as may be required by applicable law.
SUSS-IR Contacts: Susser Holdings Corporation Mary Sullivan, Chief Financial Officer (361) 693-3743, firstname.lastname@example.org DRG&E Ken Dennard, Managing Partner (713) 529-6600, email@example.com Anne Pearson, Senior Vice President (210) 408-6321, firstname.lastname@example.orgSusser Holdings Corporation
CONTACT: Mary Sullivan, Chief Financial Officer of Susser Holdings
Corporation, +1-361-693-3743, email@example.com; or Ken Dennard, Managing
Partner, +1-713-529-6600, firstname.lastname@example.org, or Anne Pearson, Senior Vice
President, +1-210-408-6321, email@example.com, both of DRG&E, for Susser
Web Site: http://www.susser.com/
OKLAHOMA CITY, Oct. 12 /PRNewswire-FirstCall/ -- SandRidge Energy, Inc. will release its 2009 third quarter financial and operational results after the close of trading on the New York Stock Exchange on Thursday, November 5, 2009.
The company will host a conference call to discuss its financial and operational results for the 2009 third quarter on Friday, November 6, 2009 at 8:00 am CST. The telephone number to access the conference call from within the U.S. is 866-318-8616 and from outside the U.S. is 617-399-5135. The passcode for the call is 43012211. An audio replay of the call will be available at 11:00 am CST on November 6, 2009 until 11:59 pm CST on December 6, 2009. The number to access the conference call replay from within the U.S. is 888-286-8010 and from outside the U.S. is 617-801-6888. The passcode for the replay is 96782011.
A live audio webcast of the conference call will also be available via SandRidge's website, http://www.sandridgeenergy.com/, under Investor Relations/Events. The webcast will be archived for replay on the company's website for 30 days.
For further information, please contact: Kevin R. White Senior Vice President SandRidge Energy, Inc. 123 Robert S. Kerr Avenue Oklahoma City, Oklahoma 73102-6406 (405) 429-5515
SandRidge Energy, Inc. is a natural gas and crude oil company headquartered in Oklahoma City, Oklahoma with its principal focus on exploration and production. SandRidge and its subsidiaries also own and operate gas gathering and processing facilities and CO2 treating and transportation facilities and conduct marketing and tertiary oil recovery operations. In addition, Lariat Services, Inc., a wholly-owned subsidiary of SandRidge, owns and operates a drilling rig and related oil field services business. SandRidge focuses its exploration and production activities in West Texas, the Cotton Valley Trend in East Texas, the Gulf Coast, the Mid-Continent, and the Gulf of Mexico. SandRidge's internet address is http://www.sandridgeenergy.com/.SandRidge Energy, Inc.
CONTACT: Kevin R. White, Senior Vice President of SandRidge Energy,
Web Site: http://www.sandridgeenergy.com/
CHICAGO, Oct. 12 /PRNewswire-FirstCall/ -- Aon Corporation today announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share on outstanding common stock. The dividend is payable on November 16, 2009 to shareholders of record on November 2, 2009.
Aon Corporation is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 37,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007, 2008, and 2009, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.
Investor Contact: Scott Malchow Vice President, Investor Relations 312-381-3983 Media Contact: David Prosperi Vice President, Global Public Relations 312-381-2485Aon Corporation
CONTACT: Investors, Scott Malchow, Vice President, Investor Relations,
+1-312-381-3983, or Media, David Prosperi, Vice President, Global Public
Relations, +1-312-381-2485, both of Aon Corporation
Web Site: http://www.aon.com/
BETHESDA, Md., Oct. 12 /PRNewswire/ -- Marriott Rewards® members who hold their events and meetings at over 2,300 Marriott International hotels will now receive triple Marriott Rewards points with Rewarding Events(SM) for money spent on groups of 10 rooms and more, event space, food & beverage and other meeting related expenses. New meetings and events must be booked by December 31, 2009 and held by March 31, 2010.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090217/MARRIOTTINTLLOGO )
Members must be registered in Marriott's Meetings Matter promotion in order to earn points for all qualifying groups, meetings, and events held at all Marriott, JW Marriott, Renaissance, Courtyard, Fairfield Inn and SpringHill Suites hotels worldwide. Qualifying meetings and events must have at least 10 rooms for one night or be a catering only event to be eligible for bonus points.
"There has never been a better time to book a meeting. One $16,000 meeting will earn Marriott Rewards members 150,000 points, which is enough for a six-night stay at a category six hotel like the Aruba Marriott Resort," said Stephanie Linnartz, Marriott's senior vice president, global sales.
With Marriott's Meetings Matter promotion, groups of 50 cumulative nights booked around the world receive one complimentary room for every 35 rooms booked; 25 percent allowable attrition; and double Marriott Rewards points. Additionally, they receive a two percent credit off the master bill for meetings over 100 cumulative nights. For more promotion information and/or to register, go to MeetingsbyMarriott.com or call 800-585-9102.
Members can redeem their Marriott Rewards points for over 250 rewards, including $250 or $500 Meeting Credits certificates, which can be used to off set costs on a future meetings.
Marriott Rewards has no blackout dates and points can be redeemed for hotel stays, frequent flyer miles, cruises, car rentals, brand-name merchandise and more. Marriott Rewards won the 2009 Freddie Award for "Best Hotel Rewards Program" and has been named best hotel rewards program by the readers of Business Traveler, Global Traveler, Travel Savvy, Executive Travel and BusinessWeek magazines.
To make a reservation, members can call 1-800-228-9290 or visit Marriott.com. For information about Marriott Rewards, guests can call 1-800-450-4442 or log onto MarriottRewards.com.
Click here for Marriott International, Inc. company information.
Terms & Conditions
Promotion registration is required to be eligible for bonus point offer. Registration must occur prior to the end date of qualifying events and meetings in order to receive bonus points. Marriott Rewards® members who register for this promotion will either earn Double Marriott Rewards points up to 50,000 bonus points, or for a limited time earn Triple Marriott Rewards points up to 100,000 bonus points on qualifying charges per qualifying event or meeting. To be eligible for Double Points, qualifying events or meetings must be contracted after March 9, 2009, and held between March 9, 2009 and March 31, 2010. To be eligible for Triple Points, qualifying events or meetings must be contracted between Oct. 1 and Dec. 31, 2009, and held between Oct 1, 2009 and March 31, 2010. Members earn either Double or Triple points based upon the base earning of 3 points per $1 US on qualified charges, up to a maximum of 50,000 points. Qualifying charges do not include any Taxes, Gratuities and Service Fees, nor any Food & Beverage or other Incidental Charges on individual guest room folios. The Marriott Rewards registered member must sign a sales/group contract with the hotel for the event or meeting to qualify. The registered member signing the contract receives the bonus points and cannot be awarded to a different account. It is the member's responsibility to comply with their own company policy concerning travel programs. Members electing to earn miles are not eligible for this promotion. Only individual members (no corporations or organizations) are eligible to earn Marriott Rewards. Bonus points offer only valid at participating Marriott brands worldwide. Bonus points will be awarded up to 45 days after the conclusion of each qualifying event. All Marriott Rewards terms and conditions apply.Photo: http://www.newscom.com/cgi-bin/prnh/20090217/MARRIOTTINTLLOGO
CONTACT: Laurie Goldstein of Marriott International, +1-301-380-5296,
Web Site: http://www.marriott.com/
BRIDGEWATER, NJ, Oct. 12 /PRNewswire-FirstCall/ -- PrimeGen Energy Corp. (Other OTC:PGNE.PK - News) ("PrimeGen" or the "Company") wishes to advise that the drilling operator at the previously announced Timan-Pechora Project has reported that the drilling of Kochmesskoye # 6 well which began on September 25, 2009 has reached total target depth on October 02, 2009.
Testing of any potentially productive oil bearing zones has been initiated. The Company will be advised as to the commercial viability of the well and productive oil flow rates upon the completion of testing, which is anticipated by the end of the week. Individual wells are also drilling more quickly than originally projected. As part of the accelerated drilling program, a seventh well is scheduled for immediate drilling shortly after the results of the sixth well are announced.
"Our strategy now is to use the cash flow generated from production to progress those projects with the potential to provide the quickest returns," commented Robert Charlton, CEO of PrimeGen Energy Corp.
In addition, the Company is now subscribed and will be reporting its quarterly and annual financial information through the Pink Sheets OTC Disclosure and News Service; the company will be placed in the "Current Information" designation at pinksheets.com. Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market. The Current Information designation falls in the "Transparent" category as defined by the Pink Sheets.
Subscribing to the OTC Disclosure and News Service is the first step to comply with the guidelines contained in "Pink OTC Markets' Guidelines for Providing Adequate Current Information." Subsequent steps that PrimeGen intends to take include the posting of quarterly and annual financial statements through the OTC Disclosure and News Service, publishing a quarterly letter from an attorney stating that the issuer's disclosure meets specified requirements and maintaining an SEC registered transfer agent. The quarterly and annual financial statements will be prepared in accordance with U.S. GAAP requirements. PrimeGen will post the required disclosure on http://www.pinksheets.com/. Pink OTC Markets will verify that the company's quarterly or annual report, in addition to the attorney letter regarding completeness of disclosure, has been posted within 75 days after each quarter ended and within 120 days after each fiscal year-end.
About PrimeGen Energy Corporation
PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission
CONTACT: Robert Charlton, President, PrimeGen Energy Corp., firstname.lastname@example.orgPrimeGen Energy Corp.
CONTACT: Robert Charlton, President, PrimeGen Energy Corp.,
DOVER, Del., Oct. 12 /PRNewswire-FirstCall/ -- Chesapeake Utilities Corporation today announced that Glass, Lewis & Co. and PROXY Governance, Inc., two independent proxy advisory firms, have each recommended that Chesapeake shareholders vote "FOR" the strategic merger with Florida Public Utilities (NYSE Amex: FPU) at Chesapeake's Special Meeting of Shareholders on October 22, 2009.
"We are very pleased that these two independent shareholder advisory firms have determined that this transaction is in the best interests of Chesapeake's shareholders and recommended that they vote for our strategic merger with Florida Public Utilities," said John R. Schimkaitis, President and Chief Executive Officer of Chesapeake. "Their recommendations support our Board of Directors' unanimous decision that Chesapeake's merger with Florida Public Utilities enhances shareholder value and should, therefore, be supported."
Glass, Lewis, in its report recommending that Chesapeake shareholders vote for the merger with Florida Public Utilities, concluded, in part, "We believe the proposed transaction and share issuance are in the best interests of shareholders. Accordingly, we recommend that shareholders vote FOR this proposal."
PROXY Governance, in its report recommending that Chesapeake's shareholders approve of the merger with Florida Public Utilities, concluded, in part, "We support the deal on the basis of its strategic and synergistic benefits, which should benefit long-term shareholders."
Chesapeake Utilities Corporation encourages all stockholders to follow the recommendations of Glass, Lewis and PROXY Governance and vote their shares promptly by phone, via Internet, or by mailing their proxy card; or to contact Chesapeake's proxy solicitors, Georgeson Inc., toll free at 888.666.2580, if they have any questions or need any assistance in voting their shares.
About Chesapeake Utilities Corporation (http://www.chpk.com/)
Incorporated in 1947, Chesapeake is a diversified utility company engaged in natural gas distribution, transmission and marketing, propane distribution and wholesale marketing, advanced information services and other related businesses. In total, Chesapeake currently serves approximately 100,000 distribution customers with either natural gas or propane gas. Chesapeake employs 448 people and posted $291.4 million in revenue for 2008.
Chesapeake's natural gas distribution operations serve approximately 65,000 residential, commercial and industrial customers in Delaware, Maryland and Florida. Eastern Shore Natural Gas Company, Chesapeake's natural gas transmission subsidiary, transports and delivers natural gas through 379 miles of transmission pipeline to industrial customers and natural gas distribution companies including Chesapeake's Delaware and Maryland divisions, and owns and operates the only transmission pipeline south of the Chesapeake and Delaware Canal. Sharp Energy, Chesapeake's propane distribution subsidiary, distributes propane to approximately 35,000 residential, commercial and industrial customers in Delaware, Maryland, Virginia, Pennsylvania and Florida. Chesapeake's other subsidiaries include Peninsula Energy Services Company, Inc. (PESCO), a natural gas marketing company; Peninsula Pipeline Company, Inc., an intrastate pipeline company in Florida; Xeron, Inc., a propane wholesale marketing company in Houston, Texas; and BravePoint®, Inc., Chesapeake's advanced information services subsidiary based in Atlanta.
IMPORTANT INFORMATION: Additional Information and Where to Find It
In connection with the proposed merger, Chesapeake Utilities Corporation ("Chesapeake") has filed a registration statement on Form S-4 (Registration No. 333-160795) with the SEC, containing a joint proxy statement of Chesapeake and Florida Public Utilities and a prospectus of Chesapeake, which was declared effective on September 10, 2009. WE URGE INVESTORS TO READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS AND THESE OTHER MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT CHESAPEAKE, FLORIDA PUBLIC UTILITIES AND THE PROPOSED MERGER. Investors are able to obtain free copies of the registration statement and proxy statement/prospectus as well as other filed documents containing information about Chesapeake and Florida Public Utilities at http://www.sec.gov/, the SEC's website. Free copies of Chesapeake's SEC filings are also available on Chesapeake's website at investor.shareholder.com/CPK/sec.cfm and free copies of Florida Public Utilities' SEC filings are also available on Florida Public Utilities' website at http://www.fpuc.com/about_us/invest.asp. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Participants in the Solicitation
Chesapeake and Florida Public Utilities and their respective directors, executive officers, other members of management and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies with respect to the proposed merger. Information about the directors and executive officers of Florida Public Utilities is set forth in the proxy statement for Florida Public Utilities' 2009 Annual Meeting of Stockholders, as filed with the SEC on a Schedule 14A on April 6, 2009 and Form 10-K filed with the SEC on March 20, 2009. Information about the directors and executive officers of Chesapeake is set forth in the proxy statement for Chesapeake's 2009 Annual Meeting of Stockholders, as filed with the SEC on a Schedule 14A on March 27, 2009 and Form 10-K filed with the SEC on March 9, 2009. Additional information regarding the interests of those participants and other persons who may be deemed participants in the merger may be obtained by reading the registration statement, joint proxy statement/prospectus and other materials filed with the SEC regarding the proposed merger. You may obtain free copies of these documents as described above.
For more information, contact: Beth W. Cooper Senior Vice President and Chief Financial Officer Chesapeake Utilities Corporation 302.734.6799, email@example.com Investor Inquiries: Jason Alexander Managing Director - Corporate Proxy Georgeson Inc. 212.440.9903, firstname.lastname@example.orgChesapeake Utilities Corporation
CONTACT: Beth W. Cooper, Senior Vice President and Chief Financial
Officer of Chesapeake Utilities Corporation, +1-302-734-6799,
email@example.com; Investors: Jason Alexander, Managing Director - Corporate
Proxy of Georgeson Inc., +1-212-440-9903, firstname.lastname@example.org
Web Site: http://www.chpk.com/
NEW HAVEN, Conn., Oct. 12 /PRNewswire-FirstCall/ -- VION PHARMACEUTICALS, INC. (BULLETIN BOARD: VION) announced today that it had hired the investment banking firm Merriman Curhan Ford & Co. to assist in evaluating its strategic alternatives. These alternatives include any combination of a restructuring of the Company and its debt and a sale of the Company or its assets. The Company may also consider financing options.
As previously reported, the Oncologic Drugs Advisory Committee (ODAC), which is the cancer drug advisory panel of the U.S. Food and Drug Administration (FDA), voted in favor of Vion completing a randomized study defining the efficacy and safety of the Company's lead oncology therapeutic Onrigin(TM) (laromustine) Injection prior to receiving regulatory approval from the FDA. Vion had presented data for Onrigin(TM) for remission induction treatment for patients sixty years of age or older with de novo poor-risk acute myeloid leukemia (AML). As Vion would need to raise additional capital to finance a new randomized trial, the Company is evaluating its strategic alternatives. If Vion is unsuccessful in achieving a restructuring, sale, financing or any other strategic transaction or combination thereof, it may have to consider curtailing or ceasing operations or liquidating its assets.
About Vion Pharmaceuticals
Vion Pharmaceuticals, Inc. is committed to extending the lives and improving the quality of life of cancer patients worldwide by developing and commercializing innovative oncology therapeutics. Vion has two agents in clinical trials, Onrigin(TM) (laromustine) Injection and Triapine®. The Company has submitted a New Drug Application to the FDA for Onrigin(TM) for remission induction treatment for patients sixty years of age or older with de novo poor-risk AML. The FDA's Oncologic Drug Advisory Committee has recommended to the FDA that a new randomized trial for Onrigin(TM) be completed prior to regulatory approval. Triapine®, a potent inhibitor of a key step in DNA synthesis, is being evaluated in clinical trials sponsored by the National Cancer Institute. For additional information on Vion and its product development programs, visit the Company's Internet web site at http://www.vionpharm.com/.
This news release contains forward-looking statements. Such statements are subject to certain risk factors which may cause Vion's plans to differ or results to vary from those expected, including Vion being unsuccessful in achieving its strategic alternatives, including any combination of a restructuring of the Company and its debt, a sale of the Company or its assets, and raising new capital, in which case it may have to consider curtailing or ceasing operations or liquidating its assets, Vion's potential inability to obtain regulatory approval for its products, particularly Onrigin(TM) (laromustine) Injection, delays in the regulatory approval process, particularly for Onrigin(TM) (laromustine) Injection, delays or unfavorable results of drug trials, the possibility that favorable results of earlier preclinical studies, clinical trials or interim clinical trial data are not confirmed by safety and efficacy results in later or final clinical trials, the need for additional research and testing, including the need for a new randomized trial of Onrigin(TM) prior to regulatory approval in accordance with the recommendation of the Oncologic Drug Advisory Committee, the inability to manufacture product, the potential inability to secure external sources of funding to continue operations, the inability to access capital and funding on favorable terms, continued operating losses and the inability to continue operations as a result, and a variety of other risks set forth from time to time in Vion's filings with the Securities and Exchange Commission, including but not limited to the risks attendant to the forward-looking statements included under Item 1A, "Risk Factors" in Vion's Form 10-K for the year ended December 31, 2008 and Vion's Form 10-Q for the quarter ended June 30, 2009. Except in special circumstances in which a duty to update arises under law when prior disclosure becomes materially misleading in light of subsequent events, Vion does not intend to update any of these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
COMPANY CONTACT: Vion Pharmaceuticals, Inc. Alan Kessman, Chief Executive Officer Howard B. Johnson, President & CFO (203) 498-4210Vion Pharmaceuticals, Inc.
CONTACT: Alan Kessman, Chief Executive Officer, or Howard B. Johnson,
President & CFO, both of Vion Pharmaceuticals, Inc., +1-203-498-4210
Web Site: http://www.vionpharm.com/
MILWAUKEE, Oct. 12 /PRNewswire-FirstCall/ -- Weyco Group, Inc. , a global marketer of men's branded footwear, plans to announce third quarter 2009 financial results after the close on Tuesday, November 3, 2009. Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 4, 2009 at 11:00 a.m. Eastern Time to discuss the financial results in more detail.
To participate in the call, please dial 888-713-4215 or 617-213-4867 using pass code 41299823 five minutes before the start of the call. Please use the following link to pre-register and view important information about this conference call. Pre-registering is not mandatory but is recommended as it will provide you immediate entry into the call and will facilitate the timely start of the call. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register please go to: https://www.theconferencingservice.com/prereg/key.process?key=P4EPG4GPG
A replay will be available for one week beginning about one hour after the completion of the call by dialing 888-286-8010 or 617-801-6888 using pass code 84847251. Alternatively, the conference call will be available by visiting the investor relations section of Weyco Group's website at http://www.weycogroup.com/.
Weyco Group, Inc., headquartered in Milwaukee, WI, designs and markets moderately priced and better-grade men's branded footwear for casual, fashion, and dress lifestyles. The principal brands of shoes sold are Florsheim, Nunn Bush and Stacy Adams. The Company's products are sold to shoe specialty stores, department stores and clothing retailers. Weyco Group, Inc. operates wholesale and retail businesses in the United States, Canada, Europe, Australia, South Africa and the Far East.
Investor Relations Contact John Wittkowske (414) 908-1880 email@example.comWeyco Group, Inc.
CONTACT: John Wittkowske, Weyco Group, Inc., +1-414-908-1880,
Web Site: http://www.weycogroup.com/
ORANGE COUNTY, Calif., Oct. 12 /PRNewswire/ -- SHM (Sunstone Hospitality Management), a division of the nation's largest independent management company, Interstate Hotels & Resorts , today announced that it has entered into a contract to manage the full-service Radisson Hotel Denver Stapleton Plaza, in Denver, Colo. The 300-room hotel is owned by Holualoa Companies, a real estate investment firm based in Tucson, Ariz.
"We are excited about our new relationship with Holualoa, as well as returning to the Denver market," said John Elston, SHM's executive vice president. "We fully expect to deliver superior results to our owners and to provide a level of service our customers have come to expect and deserve from SHM."
The hotel is well located, 20 minutes from Denver International Airport and 10 minutes from downtown, close to a number of business parks and tourist attractions. The more than 20,000 square feet of renovated meeting space can accommodate meetings and social events for groups of 10 to 300.
"The property's location in a $5 billion urban land redevelopment project on the site of the former Stapleton Airport will greatly enhance the long-term investment potential of this asset," said Aroon Chinai, vice president and chief investment officer of Holualoa Companies. "When fully built out, the Stapleton project is expected to create a virtual new city with a projected residential population of 30,000 and 35,000 workers. SHM is a highly regarded operator with a proven record of success managing in all phases of the economic cycle, and we have the utmost confidence that they can duplicate their success at this property."
Located at 3333 Quebec Street in northeast Denver, the 11-story atrium hotel features stunning mountain views, a heated outdoor seasonal pool, whirlpool spa and sauna. The hotel also features a full-service restaurant, Quebec's Bistro, Martini's Lounge, and more than 20,000 square feet of meeting space, including two ballrooms. Spacious, renovated guestrooms and suites feature complimentary high-speed, wireless Internet access, voicemail, and work desk with ergonomic chair. For guests looking for an enhanced sleep experience, the hotel offers select rooms with Sleep Number® beds.
About Holualoa Companies
Holualoa Companies is a real estate investment firm whose properties include office, retail, industrial, multi-family, hotel and mixed-use assets located in the United States and France. Headquartered in Tucson, Ariz., the firm also has regional offices in Los Angeles, Phoenix, Kailua-Kona, and Paris.
About Interstate Hotels & Resorts
Interstate Hotels & Resorts, Inc. has ownership interests in 56 hotels and resorts, including seven wholly owned assets. Including those properties, the company and its affiliates manage a total of 227 hospitality properties with more than 46,000 rooms in 37 states, the District of Columbia, Russia, India, Mexico, Belgium, Canada and Ireland. Interstate Hotels & Resorts also has contracts to manage 13 to be built hospitality properties with approximately 3,000 rooms. For more information about Interstate Hotels & Resorts, visit the company's Web site: http://www.ihrco.com/.
SHM is based in Southern California. The company operates 28 hotels and conference centers with more than 7,500 rooms in nine states. Additional information about SHM may be found at http://www.shmhotels.com/. For information about the Radisson Denver Stapleton Plaza or to make reservations, call (303) 321-3500 or visit http://www.radisson.com/hotels/.
This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, about Interstate Hotels & Resorts, including those statements regarding future operating results and the timing and composition of revenues, among others, and statements containing words such as "expects," "believes" or "will," which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially, including the volatility of the national economy, economic conditions generally and the hotel and real estate markets specifically, the war in Iraq, international and geopolitical difficulties or health concerns, governmental actions, legislative and regulatory changes, availability of debt and equity capital, interest rates, competition, weather conditions or natural disasters, supply and demand for lodging facilities in our current and proposed market areas, and the company's ability to manage integration and growth. Additional risks are discussed in Interstate Hotels & Resorts' filings with the Securities and Exchange Commission, including Interstate Hotels & Resorts' annual report on Form 10-K for the year ended December 31, 2008.Sunstone Hospitality Management
CONTACT: Mikii Rathmann of Sunstone Hospitality Management,
Web Site: http://www.shmhotels.com/
SARASOTA, Fla., Oct. 12 /PRNewswire-FirstCall/ -- Roper Industries, Inc. announced that its financial results for the third quarter of 2009, ended September 30, 2009, will be released before the market opens on Monday, October 26, 2009. A conference call to discuss these results has been scheduled for 8:30 AM ET on Monday, October 26, 2009. The call can be accessed via webcast or by dialing +1 800-967-7141 (US/Canada) or +1 719-457-2638 using confirmation code 6889450. Webcast information and conference call materials will be made available in the Investors section of Roper's website prior to the start of the call.
About Roper Industries
Roper Industries is a market-driven, diversified growth company and is a component of the Fortune 1000, S&P Midcap 400 and the Russell 1000 Indexes. Roper provides engineered products and solutions for global niche markets, including water, energy, radio frequency and research/medical applications. Additional information about Roper Industries is available on the Company's website at http://www.roperind.com/.Roper Industries, Inc.
CONTACT: Investor Relations, +1-941-556-2601,
Web Site: http://www.roperind.com/
DE SOTO, Mo., Oct. 12 /PRNewswire/ -- Verizon Wireless, the wireless company with the highest customer loyalty, has activated a new cell site southwest of De Soto, which will enable more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.
The new cell site improves Verizon Wireless voice and data coverage from just outside De Soto in southwest Jefferson County to the Washington County line, including the following areas:
-- Along Missouri Highway 21 from Washington State Park to about Mothershead Road -- Along Big River Heights Road from Dodson Lane toward the county border -- In the town of Vineland and areas just east of town along Knorpp Road.
"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Brendan Fallis, president-Kansas/Missouri Region, Verizon Wireless. "Getting through on the first try and maintaining a connection are important to our customers. We continue to optimize our network so that it remains the most reliable in the nation."
This network improvement is part of Verizon Wireless' continual effort to expand coverage, improve capacity and enhance the quality of its wireless voice and data network in Missouri and throughout the country. Verizon Wireless has invested more than $50 billion since it was formed--$5.5 billion on average every year--to increase the coverage and capacity of its premier nationwide network and to add new services. In the first half of this year, the company invested more than $27 million in its Missouri network.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving 87.7 million customers. Headquartered in Basking Ridge, N.J., with more than 87,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.Verizon Wireless
CONTACT: Cheryl Bini Armbrecht, Cheryl.Bini@verizonwireless.com, or
Brenda Hill, Brenda.Hill@verizonwireless.com, both of Verizon Wireless,
+1-636-345-9400; or Caroline Villanueva, +1-314-725-5645,
firstname.lastname@example.org, for Verizon Wireless
Web Site: http://www.verizonwireless.com/
AMARILLO, Texas, Oct. 12 /PRNewswire-FirstCall/ -- Hastings Entertainment Inc. - Discover Your Entertainment , a leading multimedia superstore retailer, announced its plans for a chain-wide after school party celebrating, Dog Days, the newest addition to the New York Times best selling young reader's book series, Diary of a Wimpy Kid by Jeff Kinney. Festivities for the after school parties will take place at all Hastings locations starting at 3:00 pm the afternoon of Monday, October 12th, and will end at 6:00pm.
Dog Days is the fourth book written by Kinney for the Diary of a Wimpy Kid series and tells the tale of main character, Greg's, "dog days" of summer. The after school launch party at Hastings will include trivia games with a chance to win prizes, along with a Hastings Kids Fall Journal highlighting Dog Days and other top children's releases for the fall. The journal will include Dog Days puzzles, games and artwork from the book.
To find out more about the after school party in your area, visit or contact your local Hastings superstore.
Founded in 1968, Hastings Entertainment, Inc. is a leading multimedia entertainment retailer that combines the sale of new and used books, videos, video games and CDs, as well as trends merchandise, with the rental of videos and video games in a superstore format. We currently operate 149 superstores, averaging approximately 21,000 square feet, primarily in medium-sized markets throughout the United States.
We also operate http://www.gohastings.com/, an e-commerce Internet Web site that makes available to our customers new and used entertainment products and unique, contemporary gifts and toys. The site features exceptional product and pricing offers. The Investor Relations section of our web site contains press releases, a link to request financial and other literature and access our filings with the Securities and Exchange Commission.Hastings Entertainment, Inc.
CONTACT: Kevin Ball, Vice President of Marketing of Hastings
Entertainment, Inc., +1-806-677-1408, kevin.ball@goHastings.com
Web Site: http://www.gohastings.com/
EAST RUTHERFORD, N.J., Oct. 12 /PRNewswire-FirstCall/ -- CCA Industries, Inc. (NYSE Amex: CAW), announced today that the board of directors declared a $0.07 cash dividend payable to all shareholders of record November 2, 2009 payable on December 2, 2009, the twenty-second consecutive dividend paid by the company.
Revenues for the three months ended August 31, 2009 were $15,344,595, net income was $1,599,346 and earnings per share were $0.23 fully diluted as compared with last year's third quarter revenue of $14,148,729, net income of $1,101,420 and earnings per share of $0.16 fully diluted.
Revenues for the nine-month period were $45,037,390 as compared to $45,409,755 in the prior year. Net income for the nine-month period was $2,417,847 as compared to net income $2,235,795 for the same period last year. Earnings per share fully diluted were $0.34 as compared to $0.32 earnings per share fully diluted for the previous year's nine month period.
"Our business is sound, and we believe that we are in an excellent position to take advantage of the present economic status and grow within our mass retail trade class that is beginning to regain their confidence about the retail environment", stated Dunnan Edell, President.
CCA Industries, Inc. manufactures and markets health and beauty aids, each under its individual brand name. The products include, principally, "Plus+White" toothpastes and teeth whiteners, "Mega-T" diet supplements, "Bikini Zone", medicated topical and shave gels, "Nutra Nail" nail care treatments, "Scar Zone" scar treatment products, "Sudden Change" anti-aging skin care products, "Parfume de Vanille" Cherry Vanilla fragrances, "Solar Sense" sun protection products, "Hair Off" hair removal and depilatory products, "Wash 'N Curl" shampoos and conditioners and "Pain Bust-R II", an analgesic product.
Statements contained in the news release that are not historical facts are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.
CCA INDUSTRIES, INC. THIRD QUARTER AND NINE-MONTH EARNINGS NEWS RELEASE Quarter Ended August 31 2009 2008 ---- ---- Revenues $15,344,595 $14,148,729 Net Income $1,599,346 $1,101,420 Per Share Earnings Basic $0.23 $0.16 Diluted $0.23 $0.16 Weighted Average Shares Outstanding Basic 7,054,442 7,054,442 Diluted 7,054,442 7,061,151 Nine Months Ended August 31 Revenues $45,037,390 $45,409,755 Net Income $2,417,847 $2,235,795 Per Share Earnings Basic $0.34 $0.32 Diluted $0.34 $0.32 Weighted Average 7,054,442 7,054,442 Shares Outstanding 7,054,442 7,065,869CCA Industries, Inc.
CONTACT: Ira W. Berman, Chairman, CCA Industries, Inc., +1-800-524-2720
Web Site: http://www.ccaindustries.com/
ATLANTA, Oct. 12 /PRNewswire-FirstCall/ -- Equifax Inc. today announced the launch of an industry-first solution that gives credit unions a new way to leverage critical information for consumer and business lending. Now, credit unions can benefit from an interface that connects Equifax's APPRO loan and account origination solution and CUNA Mutual Group's LOANLINER® Document Web Service. With this interface, credit unions can quickly access the most up-to-date, compliant loan documents - enabling them to address key compliance needs, reduce processing times and deepen customer relationships.
APPRO and LOANLINER® customer Merrimack Valley Federal Credit Union recently integrated this solution to further automate its lending applications.
"With an ever changing financial, regulatory and economic environment and with a continuing need for efficiency while not sacrificing service, the CUNA Mutual Interface comes as a timely tool to help us accomplish that," said Jay Caldwell, consumer loan manager, Merrimack Valley FCU.
"This partnership and solution will help us provide a higher quality service to our members while streamlining and making a more efficient loan process for staff."
A fully automated solution, APPRO provides simplified loan and account origination by using one system for all account opening, business and consumer loan origination needs. CUNA Mutual's Document Web Service is an application service provider (ASP) offering that offers credit unions a central location for compliance documents and information to support all of their business and consumer lending efforts. Leveraging both of these industry-leading solutions through an interface helps credit unions ensure that they are using the appropriate documents for various loan products while eliminating the need for manual processes.
"Despite continued economic and regulatory changes to our financial markets, credit unions that stay focused on identifying new efficiencies and streamlining lending processes will be well positioned to improve ROI and drive future growth," said Rajib Roy, president, Equifax Technology and Analytical Services. "The addition of this APPRO feature demonstrates our pledge to innovate and deliver technologies that can help credit unions and other types of financial institutions strengthen their lending portfolios while managing risk in the midst of strong market headwinds."
Compliant documents can be sent with the new interface and borrower and collateral data can be seamlessly transmitted from APPRO to the Document Web Service for processing. Instead of manually re-entering application data, lenders can rely on the interface to automatically select and pre-populate the right loan documents with accurate information. Automated document selection based on criteria such as product requirements, loan parameters and the number of borrowers not only reduces the likelihood of errors but helps ensure a credit union's compliance with key industry regulations.
In addition to streamlining the lending process, the new interface offers features that provide credit unions with added benefits and conveniences. Its flexible, Web-based model allows lending and deposit documents to integrate seamlessly with credit union loan origination and data systems. Credit unions using the Document Web Service can now rely on CUNA Mutual to manage specific document compliance issues throughout the loan cycle and beyond. Another advantage, the new interface makes it easy to electronically transport documents securely to all loan parties for signatures and filing - sometimes a complex process for mortgage and commercial loan requests.
The interface to CUNA Mutual's LOANLINER Document Web Service is the latest addition to Equifax's Technology and Analytical Solutions, which include loan origination, credit risk decisioning, fraud prevention and account opening solutions. APPRO helps automate every phase of the loan processing workflow - from data acquisition and decisioning through a range of post-approval functions. For more information about APPRO and other Equifax technology solutions, visit http://www.equifax.com/consumer/risk/account_opening/appro/en_us.
About Equifax Inc. (http://www.equifax.com/)
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.
With a strong heritage of innovation and leadership, Equifax continuously delivers innovative solutions with the highest integrity and reliability. Businesses - large and small - rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being.
Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor's (S&P) 500® Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.
About CUNA Mutual Group
CUNA Mutual Group is a leading provider of financial services to credit unions, their members and valued customers worldwide. With more than 70 years of market commitment, CUNA Mutual's vision is unwavering: to be a trusted business partner who delivers service excellence and customer-focused, best-in-class products and market-driven innovation. More information on the company is available at http://www.cunamutual.com/.Photo: http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO
CONTACT: Jennifer Costello, Equifax Inc., +1-404-885-8907,
Web Site: http://www.equifax.com/
COLOGNE, Germany, Oct. 12 /PRNewswire-FirstCall/ --
-- Ford increased market share to 10.1 percent in September in its 19 European main markets - the best share for any month for Ford of Europe since September 2001 -- Ford sold 51,400 new Ford Fiesta cars in September - the best September for Fiesta since 1994 -- September was the ninth consecutive month of year-over-year monthly share improvement and the fourth successive month of year-over-year monthly volume increase
Ford today reported that strong sales in September drove market share for its 19 European main markets to 10.1 percent - the highest share for any month since September 2001, and a 0.8 percentage point increase over the same month a year ago.
Ford of Europe sold 152,600 new vehicles in its 19 main markets in September, a gain of 12.3 percent over the same month a year ago, and better than the industry increase of 2.9 percent. Ford has now reported year-over-year sales gains for four months in a row, and market share increases for nine consecutive months.
"Traditionally we expect Ford to have a good month in September given the surge of new car sales in the U.K. due to the registration plate change. But September 2009 has surpassed expectations," said Ingvar Sviggum, Ford of Europe's vice president for marketing, sales and service.
Ford's September share increased in 14 of its 19 European markets versus the same month 2008. The new Fiesta contributed to the strong results, with sales of 51,400 units registered in Europe last month - the best September for Fiesta since 1994.
"Market share and volume success are only valuable if they are achieved through high quality sales that generate good revenue, and we certainly saw that in September with retail sales accounting for 60 percent of Ford passenger car sales," said Sviggum.
Sviggum said Ford remains concerned about the fragility of the underlying market. "With the sudden ending of some scrappage schemes and the more-controlled phasing out of others, the industry faces an uncertain future in terms of market demand as 2010 approaches. It is clear that there is still a need for government intervention in Europe to help bolster the market until demand reaches a more sustainable level," he said.
Ford succeeded in increasing its share by 0.5 percentage points to 9.2 percent, the best year-to-date September share for Ford in its main 19 European markets since 1999. Share was up in 17 out of the 19 main markets.
In the first nine months of 2009, Ford of Europe registered 1,097,100 vehicles in these 19 European markets, a reduction of 51,100 units or 4.5 percent, than in the same period in 2008. This compares with a total industry decline of 9.7 percent in the period. Year-to-date across its 51 markets, Ford of Europe sold 1,243,700 vehicles, a decrease of 172,000 units, or 12.2 percent fewer than in the same period in 2008.
See the link for the full September sales release. FORD OF EUROPE BREAKS 10 PER CENT MARKET SHARE BARRIER | Ford Motor Company Newsroom
Ford of Europe is responsible for producing, selling and servicing Ford brand vehicles in 51 individual markets and employs approximately 69,400 employees. Ford is Europe's No. 2 best-selling vehicle brand. In addition to Ford Motor Credit Company, Ford of Europe operations include Ford Customer Service Division and 22 manufacturing facilities, including joint ventures. The first Ford cars were shipped to Europe in 1903 - the same year Ford Motor Company was founded. European production started in 1911.Ford of Europe
CONTACT: Astrid Wagner, +49-221-901-9925, email@example.com; Todd
Nissen, +1-313-322-4898, firstname.lastname@example.org, both of Ford of Europe
Web Site: http://www.media.ford.com/
SATELLITE BEACH, Fla., Oct. 12 /PRNewswire-FirstCall/ -- Lighting Science Group Corporation (LSG) (Pink Sheets: LSCG), a global leader in LED (light emitting diode) lighting products, introduces its new line of LED roadway luminaires. The new PROLIFIC Series Roadway Luminaires have substantially increased light efficacy when compared to traditional lighting technologies such as high intensity discharge (HID) and significantly better light efficacy when compared to currently available LED based street lights.
The new Lighting Science line of roadway fixtures perform between 80 to almost 90 lumens per watt depending on the model. This performance was validated by an independent testing laboratory that is approved for LM-79 Testing for ENERGY STAR for solid state lighting by the United States Department of Energy CALiPER program. At over 80 lumens per watt, the LSG PROLIFIC series delivers industry leading performance over currently available LED based street lights offering only 50 to 60 lumens per watt efficacy. With over 40 million streetlights in the U.S., these new products have the potential to dramatically expand the market for LED roadway lighting technology and revolutionize the way roads, streets and highways are illuminated.
"Lighting Science is proud to bring to the market breakthrough technology that delivers high quality illumination, extreme long life, and unparalleled efficiency," said Zach Gibler, Chief Executive Officer of LSG. "This winning combination makes the LSG PROLIFIC Series roadway lighting not only feasible but affordable as well. With best in class performance, models approaching 90 lumens per watt, 50% energy savings, expected 12 year life, and a less than 3 year payback , we can now deliver brighter and safer street lighting that provides both energy and maintenance savings."
The PROLIFIC Series Roadway Luminaires provide replacement for existing high intensity discharge (HID) lighting installations for highways, city and residential streets, college campuses, government facilities, parking facilities and commercial projects. Four versions of the PROLIFIC luminaires, LSR1 at 50 watts through LSR4 at 150 watts, are available to replace 100 watt to 250 watt HID cobra head fixtures. Designed to deliver high quality illumination combined with energy efficient LED technology, the LSG roadway luminaires provide superior optical performance and maximized pole spacing. By using an internal thermal management system, the PROLIFIC luminaires feature a clean, streamlined housing eliminating the need for external fins. The sustainable design incorporates custom arrayed optics and uses recyclable, corrosion resistant materials. The design and technology incorporated in the PROLIFIC Series Roadway Luminaires is the subject of several pending patent applications.
Designed with the environment in mind, the PROLIFIC Series Roadway Luminaires provide environmentally responsible products needed to responsibly illuminate the roadway while reducing energy consumption and lowering the operating costs over the system lifespan.
"For every streetlight replaced with the new Lighting Science PROLIFIC luminaire, we are able to reduce power consumption by as much as 130 watts which results in over 1 barrel of oil saved and nearly 1/2 ton of CO2 reduced per year. Now is the time to switch to sustainable technologies and start saving the environment for future generations," said Gibler. "We are very excited about the opportunity to be able to make a meaningful contribution to the global energy challenge."
For every 100 miles of roadway illuminated with Lighting Science's leading line of PROLIFIC Series Roadway Luminaires, the energy saved and the carbon footprint reduction will be:
-- 50% reduction in Kwh consumed -- 840 Tons of CO2 emissions avoided -- 25,000 mg of Mercury avoided
*Based on LSG's calculations of 70 luminaires/mile at 150 foot spacing on both sides of the roadway at 12.1 cents/Kwh.
About Lighting Science
Lighting Science Group Corporation designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. LSG offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. LSG's Custom Solutions business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. LSG is headquartered in Satellite Beach, Florida; LSG's Custom Solutions business unit is based in Rancho Cordova, California; LSG's European operations are based in Goes, The Netherlands; and, LSG has sales offices in Tokyo, Japan, Buckinghamshire, England and Sydney, Australia. More information about LSG is available at http://www.lsgc.com/.
Forward Looking Statements
Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements include, but are not limited to statements regarding our expectations concerning management and our ability to expand and develop our business and statements using terminology such as "breakthrough," "advance," "success," "will," "should," "expected," "best in class," "revived," "would," "could," "expect," "intend," "plan," "anticipate," "believe," "potential," "opportunity," "greater," "preparing," or "extensive." Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements. Readers should carefully review the risk factors detailed under "Risk Factors" in our Form 10-K's, Form 10-Q's and other Securities and Exchange Commission filings. These filings can be obtained by contacting LSG's Contact.Lighting Science Group Corporation
CONTACT: Jon Di Gesu of Lighting Science Group Corporation,
Web Site: http://www.lsgc.com/
NORFOLK, Va., Oct. 12 /PRNewswire-FirstCall/ -- Norfolk Southern customers now can receive text messages notifying them of the status of shipments with Railcar Event Alerts. Using a simple application on the company's e-commerce site, accessNS, customers can set up alerts to advise them of a variety of events for as many as three railcars, containers, trailers, or chassis at a time.
Once an alert is set up, Railcar Event Alerts checks the status of the equipment every hour and sends a text message to the customer's cell phone if the status has changed. Information available through Railcar Event Alerts includes:
-- Changes in ETA or ETI -- Bad order notification -- When a shipment is received from another rail carrier -- When a shipment is placed for a shipper's customer -- When a car in the shop has been repaired and is moving again
For customers needing assistance with e-commerce applications, Norfolk Southern has added live online chat support. This is in addition to the toll-free help line and email support the accessNS team has provided all along. By clicking the "Live Support" link, available in the top left corner of the accessNS title bar or as a button on the accessNS sign-on screen, customers can open a chat session with support personnel in real time. This new feature allows the accessNS support team to help more customers in less time.
Norfolk Southern Corporation is a leading North American transportation provider. Its Norfolk Southern Railway subsidiary operates approximately 21,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal and industrial products.Norfolk Southern Corporation
CONTACT: Norfolk Southern contacts, Media, Robin C. Chapman,
+1-757-629-2713, email@example.com, or Investors, Leanne Marilley,
Web Site: http://www.nscorp.com/
LAKE FOREST, Ill., Oct. 12 /PRNewswire-FirstCall/ -- Hospira, Inc. , a leading global specialty pharmaceutical and medication delivery company, today announced that the company will present at the Credit Suisse 18th Annual Healthcare Conference on Wednesday, Nov. 11, 2009 in Phoenix, Ariz.
The presentation is scheduled to begin at 8:00 a.m. Mountain Standard time on Wednesday, Nov. 11, 2009. It will be available to all interested parties through a live audiocast accessible via the investor relations section of Hospira's Web site at http://www.hospirainvestor.com/. Listeners should log on approximately 10 minutes in advance to ensure proper computer setup to receive the audiocast. The slides accompanying the presentation will be available on the Hospira Web site. A replay of the webcast will be available on the Hospira Web site approximately 24 hours after the live presentation for 30 days after the event.
Hospira, Inc. is a global specialty pharmaceutical and medication delivery company dedicated to Advancing Wellness(TM). As the world leader in specialty generic injectable pharmaceuticals, Hospira offers one of the broadest portfolios of generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management solutions. Through its products, Hospira helps improve the safety, cost and productivity of patient care. The company is headquartered in Lake Forest, Ill., and has approximately 14,000 employees. Learn more at http://www.hospira.com/.Photo: http://www.newscom.com/cgi-bin/prnh/20040503/HSPLOGO
CONTACT: Media, Stacey Eisen, +1-224-212-2276, or Financial Community,
Karen King, +1-224-212-2711, both of Hospira, Inc.
Web Site: http://www.hospira.com/
MILWAUKEE, Oct. 8 /PRNewswire-FirstCall/ -- Johnson Controls, Inc. announces the following webcast:
What: Johnson Controls strategic review and 2010 outlook webcast Presentations by: Steve Roell, Chairman, President and Chief Executive Officer Alex Molinaroli, Vice President and President, Power Solutions Beda Bolzenius, Vice President and President, Automotive Experience Dave Myers, Vice President and President, Building Efficiency Bruce McDonald, Executive Vice President and Chief Financial Officer When: Tuesday, October 13, 2009, at 8:00 a.m. Eastern time
How: Live over the Internet -- Log on to the Web at http://www.johnsoncontrols.com/investors. Note: A slide presentation will be available that morning for downloading.
Replay: If you are unable to participate during the live webcast, the call will be archived at http://www.johnsoncontrols.com/publish/us/en/investors/webcast_archive.html
Investor relations: Glen Ponczak of Johnson Controls, +1-414-524-2375
Johnson Controls is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. For additional information, please visit http://www.johnsoncontrols.com/.Photo: http://www.newscom.com/cgi-bin/prnh/20081030/AQTH055ALOGO
CONTACT: Investors, Glen L. Ponczak of Johnson Controls, Inc.,
Web Site: http://www.johnsoncontrols.com/investors
BLOOMFIELD HILLS, Mich., Oct. 12 /PRNewswire-FirstCall/ -- Michigan Heritage Bancorp, Inc. (BULLETIN BOARD: MHBC) announced the results of a special meeting of shareholders held on October 6, 2009. Shareholders approved a proposal to dissolve Michigan Heritage Bancorp, Inc. (the "Company") in accordance with relevant law and pursuant to a plan of dissolution. Of the shares voted at the meeting, over 99% voted in favor of the proposal.
The Company intends to file a certificate of dissolution with the Michigan Department of Energy, Labor and Economic Growth as soon as reasonably practicable. The Company will be dissolved upon the filing of the certificate of dissolution. The Company also intends to provide appropriate notice of the dissolution to its creditors, collect any remaining assets and distribute them in accordance with Michigan law.
Safe Harbor Statement. This press release contains "forward looking statements" within the meaning of the federal securities law regarding proposed developments and operations of the Company. These statements represent the Company's expectations of beliefs concerning future events. Statements containing expressions such as "believes", "anticipates" or "expects" are intended to identify such forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions with the bounds of its knowledge of its business and operations, there can be no assurance with the bounds of its knowledge of its business and operations that actual results will not materially differ from expected results. The Company cautions that these and similar statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including regional and national economic conditions, substantial changes in levels of market interest rates, credit and other risks of lending and investment activities and competitive and regulatory factors. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statements, to reflect occurrences or unanticipated events of circumstances after the date of such statements.Michigan Heritage Bancorp, Inc.
CONTACT: Brendan J. Cahill, Corporate Counsel, +1-248-203-0721,
SPARKS, Nev., Oct. 12 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (BULLETIN BOARD: GPXM) is pleased to announce that Scorpio Gold Corporation (TSX-V: SGN) has entered into a binding agreement to purchase the current 8 percent net smelter royalty (NSR) which applies to 48 unpatented claims on the Mineral Ridge, Nevada property from the royalty owner, Mary Mining Trust, for US$3,000,000. Subject to regulatory approval and concurrent with acquisition of a joint venture interest in the Mineral Ridge property from Golden Phoenix Minerals, Scorpio Gold will pay US$3,000,000 in cash at the closing to acquire the royalty.
Robert Martin, President of Golden Phoenix, commented on this development, observing, "I consider the acquisition and subsequent extinguishment of the existing royalty a key factor in the on-going process of finalizing a joint venture agreement between Golden Phoenix and Scorpio Gold that can lead to the restart of gold mining activities at this historic Nevada property. In addition to the mine's advance state of development and the strengthening price of gold, this bold action will, in my opinion, contribute substantially to the joint venture's financial viability and upside potential."
Peter J. Hawley, CEO of Scorpio Gold, elaborated on the news, saying, "The purchase of this underlying royalty from Mary Mining Trust on the Mineral Ridge gold property will only help to enhance the economics of the project and allow the company to move quickly towards the finalization of a definitive joint-venture agreement with Golden Phoenix Minerals. The preparation of a 43-101 technical report, which will include a NI 43-101 resource estimate followed by a full feasibility study has been advancing rapidly with surface reverse circulation and diamond drilling of the mineralized open-pit areas nearing completion. In addition, metallurgical work being performed by Kappes Cassiday is well under way, with the bottle roll testing completed and assay results awaited from the 40 barrels of material from the mineralized leach pad material to determine if the leach pad still has recoverable gold."
Scorpio Gold has stated that given the property's existing permits, bonding, and infrastructure, Mineral Ridge is considered to be a potential turn-key mining operation and Scorpio Gold looks forward to the reactivation of mining operations in a relatively short period of time once the definitive agreement is in place with Golden Phoenix Minerals for the acquisition of a majority joint venture interest in the Mineral Ridge property and financing is arranged.
The Mineral Ridge project, a former producer, is located about 30 miles west of Tonopah, Nevada and has historically produced almost 575,000 ounces of gold which includes approximately 170,000 ounces from open pit and approximately 405,000 ounces from underground mining operations. The property is currently bonded and has been permitted for heap leach gold processing and production, and was in production as recently as 2005. The mine project comprises 65 patented and 130 unpatented mining claims covering 2,590 acres, and hosts multiple gold bearing structures, veins and bodies. It features a well-developed infrastructure consisting of roadways, power grid, heap leach pad, crushing circuit, ADR plant, water supply, maintenance shop, refueling and storage facilities and administrative buildings.
Scorpio Gold further reports that Mineral Ridge has had a clean operating history and no environmental, permitting, legal, taxation, marketing or political factors are known that may impact the mineral resource estimates to be outlined in the planned NI 43-101 technical report and the NI 43-101 feasibility report. The dry climate and non-acid generating character of the rock should offer favourable conditions for mining and reclamation operations.
Completion of the acquisition of an anticipated 70% joint venture interest in the Mineral Ridge property remains subject to a binding definitive agreement, regulatory approvals, required financing and other customary closing conditions. See Golden Phoenix's release of June 22, 2009 for more details of the Company's agreement with Scorpio Gold.
For more information on Golden Phoenix Minerals, please visit their corporate website at http://www.golden-phoenix.com/.
Golden Phoenix Minerals, Inc. is a Nevada-based mining company committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in North America using competitive business practices balanced by principles of ethical stewardship. Golden Phoenix owns the Mineral Ridge gold and silver property near Silver Peak, Nevada and the Northern Champion molybdenum mine in Ontario, Canada.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements by Robert Martin, President, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market prices for the Company's mineral products. In addition, actual results could vary materially based on changes or slower growth in the molybdenum and gold markets; the potential inability to realize expected benefits and synergies in the Company's mining operations; domestic and international business and economic conditions; changes in the mining industry for base and precious minerals, especially molybdenum; unexpected difficulties in expanding production at the Company's mines; changes in customer demand or ordering patterns for molybdenum; changes in the competitive environment including pricing pressures or technological changes; technological advances; shortages of skilled miners; the need for additional capital and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
CONTACT: Golden Phoenix Minerals, Inc. Robert P. Martin, President (775) 853-4919 firstname.lastname@example.orgGolden Phoenix Minerals, Inc.
CONTACT: Robert P. Martin, President of Golden Phoenix Minerals, Inc.,
Web Site: http://www.golden-phoenix.com/
FORT WORTH, Texas, Oct. 12 /PRNewswire-FirstCall/ -- American Airlines Cargo Division (AA Cargo) today announced it has been honored with the Airfreight Security Partnership Award presented by DHL Global Forwarding (DGF). The award was offered in recognition of professional work in air transport security.
The Security Partnership Program, developed by DHL Global Forwarding, aims to make the transport of goods as safe and reliable as possible in light of tough government security regulations and a rise in customer demands. The program fosters closer cooperation between provider and carrier by offering transport partners a common platform that will promote the exchange of best practice solutions.
Michael Schaecher, Executive Vice President, Head of Global Airfreight and StarBroker AG, led the DHL Global Forwarding team in presenting the award to representatives of AA Cargo at the DGF Headquarters in Bonn, Germany, on Sept. 23, 2009. It is the first time the Airfreight Security Partnership Award has been awarded.
"We are very pleased to be recognized by this global logistics leader for work in the important area of transport security," said Dave Brooks, President of AA Cargo. "Our team has worked diligently to ensure our customers' shipments are delivered efficiently and securely, and we are very appreciative of this vote of confidence by our valued partner."
The Airfreight Security Partnership Program was created in 2006 to reduce damage and loss along the transport chain and to improve cooperation in those cases when one or both occur. Exchanging information on worldwide trends in transport security can provide valuable support and lead to improved solutions.
About American Airlines Cargo
American Airlines Cargo(SM), a division of American Airlines, Inc., provides over 100 million pounds of weekly cargo lift capacity to major cities in the United States, Europe, Canada, Mexico, the Caribbean, Latin America and Asia. American, American Eagle and the AmericanConnection regional airlines serve more than 250 cities in over 40 countries with more than 3,400 daily flights. The combined network fleet numbers more than 900 aircraft. American provides one of the largest cargo networks in the world, with cargo terminals and interline connections available across the globe. For more information visit http://www.aacargo.com/.
Current AMR Corp. releases can be accessed on the Internet.
The address is http://www.aa.com/American Airlines Cargo Division
CONTACT: Jennifer Pemberton of American Airlines Cargo, Fort Worth,
Texas, +1-817-967-1577, email@example.com
Web Site: https://www.aacargo.com/
CARTHAGE, Mo., Oct. 12 /PRNewswire-FirstCall/ -- Leggett & Platt, Incorporated , a diversified manufacturer of engineered products serving several major markets, will hold its quarterly conference call to discuss third quarter results on Friday, October 23, 2009, at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).
This call will be webcast by Thomson Financial and can be accessed from the Investor Relations section of Leggett's website at http://www.leggett.com/.
Leggett & Platt is North America's leading independent manufacturer of: a) components for residential furniture and bedding; b) components for office furniture; c) drawn steel wire; d) automotive seat support and lumbar systems; e) carpet underlay; f) adjustable beds; and g) bedding industry machinery. Leggett's common stock (symbol LEG) is listed on the New York Stock Exchange, and is a component of the S&P 500 Index.
Media Contact: Susan R. McCoy, 417/358-8131 firstname.lastname@example.orgLeggett & Platt, Incorporated
CONTACT: Susan R. McCoy, Leggett & Platt, +1-417-358-8131,
Web Site: http://www.leggett.com/
YORKTOWN HEIGHTS, N.Y., Oct. 12 /PRNewswire-FirstCall/ -- IBM Research today announced it has received an "Advanced Sequencing Technology Award" from the National Human Genome Research Institute (NHGRI), part of the National Institutes of Health, to design a silicon-based "DNA Transistor" that will advance genome sequencing technology and generate progress in health care diagnosis and practice.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO) View video: http://www.youtube.com/watch?v=pKi30ai35mU View animation: http://www.youtube.com/watch?v=wvclP3GySUY
As part of the "Revolutionary Genome Sequencing Technologies - The $1000 Genome", NHGRI selected the development of technologies aimed to sequence mammalian genomes for $1,000 or less. NHGRI leadership believes that inexpensive genomic sequencing will revolutionize health and medicine.
The grant will help further a team of IBM scientist's pursuit of a technique that threads a long DNA molecule through a three nanometer wide hole, known as a nanopore, in a silicon microchip.
A nanometer is one-billionth of a meter or about 100,000 times smaller than the width of a human hair. In the IBM "DNA-transistor" technology, as a DNA molecule is passed through the nanopore, it is ratcheted one unit of DNA at a time to allow for an electrical sensor to "read" the DNA. The information gathered from the reader could be used to gain a better understanding of an individual's medical makeup to help further the pursuit of personalized health care.
"The technologies that make reading DNA fast, cheap and widely available have the potential to revolutionize bio-medical research and pave the way to personalized medicine," said IBM Research Scientist Gustavo Stolovitzky.
Being able to sequence human genomes for $1000 or less will enable comparative studies of variations between individuals in both sickness and health, a knowledge that has the potential to revolutionize bio-medical research and herald the era of personalized medicine by identifying patients who will gain the greatest benefit from a particular medicine, and those who are most at risk of adverse reactions.
About IBM For more information, visit http://www.ibm.com/research Contact: Michael Loughran IBM 914.945.1613 email@example.comPhoto: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO
CONTACT: Michael Loughran, IBM, +1-914-945-1613, firstname.lastname@example.org
Web Site: http://www.ibm.com/
ARMSTRONG, Iowa, Oct. 12 /PRNewswire-FirstCall/ -- Art's-Way Manufacturing Co., Inc., , a leading manufacturer and distributor of agricultural machinery, equipment and services announced its financial results for the three and nine months ended August 31, 2009.
In conjunction with the release, the Company has scheduled a conference call Wednesday, October 14, 2009 at 9:00 AM Central Time.
What: Art's-Way Manufacturing Third Quarter & Nine Months Financial Results Conference Call
When: Wednesday, October 14, 2009 - 9:00 AM Central Time
How: Live via phone by dialing 1 (800) 624-7038. Code: Art's-Way Manufacturing. Participants to the conference call should call in at least 5 minutes prior to the start time.
J. Ward McConnell, Jr., Executive Chairman of the Board of Directors of Art's-Way Manufacturing, will be leading the call and discussing third quarter and nine month financial results, the status of the Company and an outlook for the balance of 2009.
Financial Highlights For the Three and Nine Months Ended August 31, 2009: -- Net sales for the three months ended August 31, 2009 were $5.6 million. -- Net sales for the nine months ended August 31, 2009 were $19.4 million. -- As of September 2009, order backlog is $6.2 million. For the Three Months Ended August 31, 2009 August 31, 2008 Change Revenue $5,600,464 $9,420,696 -40.6% Operating Income $213,169 $870,484 -75.5% Net Income $67,725 $538,389 -87.4% EPS (Basic) $0.02 $0.14 -85.7% EPS (Diluted) $0.02 $0.13 -84.6% Weighted avg. shares outstanding: Basic 3,990,352 3,972,548 Diluted 3,999,950 3,989,880 For the Nine Months Ended August 31, 2009 August 31, 2008 Change Revenue $19,406,975 $23,855,763 -18.6% Operating Income $602,033 $2,723,604 -77.9% Net Income $181,238 $1,904,275 -90.5% EPS (Basic) $0.05 $0.48 -89.6% EPS (Diluted) $0.05 $0.48 -89.6% Weighted avg. shares outstanding: Basic 3,987,856 3,971,676 Diluted 3,989,623 3,994,024
Revenue: Our consolidated net sales for the nine-month period ended August 31, 2009 were $19,407,000 compared to $23,856,000 for the same period in fiscal 2008. Consolidated net sales for the three-month period ended August 31, 2009 were $5,600,000 compared to $9,421,000 for the same period in fiscal 2008.
Art's-Way Manufacturing, our agricultural products segment, had net sales of approximately $4,993,000 and $15,868,000 for the three- and nine-month periods ended August 31, 2009, respectively, compared to $6,685,000 and $15,878,000 for the same respective periods in fiscal 2008, which represents a decrease of 25.3% and 0.1%, respectively. The three-month and nine-month decrease in sales for Art's-Way Manufacturing was largely due to the decreased sales of sugar beet harvesters and grinder mixers. This decrease, however, was partially offset by the sales from the Miller Pro products, and also the sales of augers, which we started producing in the current fiscal year.
Art's-Way Vessels, our pressurized vessels segment, had net sales of approximately $242,000 and $616,000 for the three- and nine-month periods ended August 31, 2009, respectively, compared to $25,000 and $228,000 for the same respective periods in fiscal 2008, which represents an increase of 868.0% and 170.2%, respectively. This was an expected increase due to the ongoing process of rebuilding sales that were lost during the period after the termination of our lease.
Art's-Way Scientific, our modular buildings segment, had net sales of approximately $366,000 and $2,923,000 for the three- and nine-month periods ended August 31, 2009, respectively, compared to $2,711,000 and $7,750,000 for the same respective periods in fiscal 2008. The decrease in net sales for Art's-Way Scientific was the result of engineering delays during the second and third quarter and, more significantly, a decrease in demand for modular buildings, which management believes was largely due to the impact of current economic conditions on the capital budgets of potential customers.
Gross Profit: Consolidated gross profit margin for the three- and nine-month periods ended August 31, 2009 was 23.2% and 21.1%, respectively, compared to 23.4% and 28.6% for the same respective periods in the 2008 fiscal year, primarily due to decreases in gross profit margin at Art's-Way Manufacturing and Art's-Way Scientific. The gross profit margin of Art's-Way Manufacturing increased from 26.1% to 31.0% in the three-month period ending August 31, 2008 compared to the same period in 2009, but decreased to 24.4% from 31.4% in the nine-month period ending August 31, 2009 compared to the same period in 2008, primarily due to pricing commitments in effect during the first and second quarter. After the purchase of the Miller Pro product line, we had many orders that we were unable to produce in a timely fashion. In order to satisfy our customers, we agreed to sell these goods at the lower prices quoted in 2007. As a result of our production delays caused by the integration of this product line, we shipped goods in the first and second quarters of 2009 that were priced at the end of 2007 and manufactured with materials purchased at the higher prices of 2008. We have completed our commitments on the 2007 pricing, and do not anticipate any additional production delays.
The gross profit margin of Art's-Way Vessels increased from -640.0% and -159.2% in the three- and nine-month periods ended August 31, 2008 to 5.0% and -21.3% for the same respective periods in 2009. This increase was due to our increased sales, which help defray the fixed manufacturing expenses, such as depreciation and manufacturing overhead. The gross profit margin of Art's-Way Scientific decreased from 27.1% and 28.4% in the three- and nine-month periods ended August 31, 2008, respectively, to -70.5% and 2.5% for the same respective periods in 2009. The decrease in gross profit margin at Art's-Way Scientific was primarily due to the decrease in revenue explained above. In addition, gross profit margins at Art's-Way Scientific were negatively impacted during the first and second quarter by unanticipated cost overruns on a project that was substantially completed during the third quarter.
Earnings Per Share: Earnings per diluted share for the three months ended August 31, 2009 decreased to $0.02 as compared to $0.13 for the three months ended August 31, 2008, a decrease of 84.6% or $0.11. Earnings per share basic and diluted share for the nine months ended August 31, 2009 decreased 89.6% from $0.48 for the nine-month period ended August 31, 2008 to $0.05 for the nine-month period ended August 31, 2009.
J. Ward McConnell Jr., Executive Chairman of the Board of Directors said, "This has been a mixed quarter and nine months. We had improvements with Vessels and Augers but government grants have not come through, as yet, to stimulate new orders for Scientific. The broad based economic downturn has had a serious impact on our top and bottom lines. Additionally, since any improvements appear to be slow and uncertain, we expect the economic conditions to continue to adversely affect earnings throughout our fiscal year.
"Our top priorities for the remainder of the year remain unchanged. We will continue to work hard to rein in costs, right-size our businesses and improve our sales pipeline. As we look ahead, while the recovery may be slow and uneven, our continued focus will be on driving revenue, controlling costs and strengthening our balance sheet which will position us to take advantage of the coming economic recovery."
About Art's-Way Manufacturing, Inc.
Art's-Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment and top and bottom drive augers. After-market service parts are also an important part of the Company's business. We have two wholly owned subsidiaries. Art's-Way Vessels, Inc. manufactures pressurized tanks and vessels and Art's-Way Scientific, Inc. manufactures modular animal confinement buildings and modular laboratories.
For More Information, Contact: Jim Drewitz, Investor Relations 830-669-2466, email@example.com Or visit the Company's website at http://www.artsway-mfg.com/
This news release includes "forward-looking statements" within the meaning of the federal securities laws. In this release, forward-looking statements generally relate to: (i) the Company's ability to meet its production schedule; (ii) the Company's intent to focus on driving revenue, controlling costs and strengthening its balance sheet; (iii) the expected impact of worldwide economic conditions; and (iv) intent to monitor market opportunities; and (vi) the Company's growth potential in its industry. Statements of anticipated future results are based on current expectations and are subject to a number of risks and uncertainties, including but not limited to, quarterly fluctuations in results, customer demand for the Company's products and acceptance of its product lines, current domestic and international economic conditions, the Company's ability to manage growth, incorrect assumptions by management with respect to production cycles and market conditions, unexpected production delays and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Actual results may differ markedly from management's expectations. The Company cautions readers not to place undue reliance upon any such forward-looking statements.Art's Way Manufacturing Co., Inc.
CONTACT: Jim Drewitz, Investor Relations, +1-830-669-2466,
Web Site: http://www.artsway-mfg.com/
SUNNYVALE, Calif., Oct. 12 /PRNewswire-FirstCall/ -- Alliance Fiber Optic Products, Inc. (NasdaqCM: AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today announced an invitation for interested parties to participate in the Company's Third Quarter 2009 Earnings Teleconference scheduled for 1:30 p.m. PT, Wednesday, October 21, 2009. Peter Chang, CEO, will review Third Quarter 2009 results, followed by a question and answer period.
The press release announcing Third Quarter 2009 financial results will be released after market close on October 21, 2009.
On the day of the conference call, please dial in at least ten minutes prior to the conference in order for the operator to connect you to the call. Please be prepared to provide your name, company and e-mail address.
CONFERENCE CALL Information DATE: Wednesday, October 21, 2009 TIME: 1:30 p.m. PT DIAL IN #: 877-407-9210 (US/Canada) 201-689-8049 (Int'l) Reservation #: 335122 To access the live webcast, go to http://www.afop.com/
The conference call will also be available via instant replay and on the Company website following the call. The dial in for the instant replay is 877-660-6853 or 201-612-7415. The encore dates are from October 22, 2009 at 5:30 p.m. ET to November 4, 2009. The replay pass codes (Account#286-Conference Id#: 335122) are both required.
Alliance Fiber Optic Products, Inc. Helen Chan, 408-720-3288 firstname.lastname@example.orgAlliance Fiber Optic Products, Inc.
CONTACT: Helen Chan, Alliance Fiber Optic Products, Inc.,
Web Site: http://www.afop.com/
NEWARK, N.J., Oct. 12 /PRNewswire-FirstCall/ -- PSE&G is soliciting proposals from developers and third-party-owned sites for the development of 5 megawatts of roof and ground-mounted solar systems to be owned by PSE&G and that will provide rental income to property owners. Solar developers, together with owners of real estate located in the utility's electric service territory, will propose sites for solar installations. Owners will receive rent for roof-mounted, building-mounted, and ground-mounted solar systems installed on their properties and connected directly into the electric grid.
PSE&G received approval from the New Jersey Board of Public Utilities on August 3, 2009 to implement its Solar 4 All Program for the construction of 80 megawatts (dc) of PSE&G-owned solar generation. The company will invest approximately $515 million in the program over the next several years to help New Jersey meet its renewable energy goals. The investment will effectively double installed solar capacity in the state.
As part of the Solar 4 All Program, one of the program segments allows PSE&G to install, own and operate 10 megawatts of solar systems on any public or private third-party host site located in the utility's electric service territory. PSE&G will own the system and its energy output as well as the associated environmental attributes.
PSE&G will begin accepting applications during an Open Season for solar systems located on third-party sites beginning today. The Open Season will remain open for 60 days until the close of business on December 11, 2009. This initial Open Season solicitation is seeking proposals for 5.1 MW of projects, covering the 2009-2010 and the 2010-2011 Energy Planning Periods.
The area to be used for the solar installations must be able to accommodate a 500 kilowatt or greater solar system and should be no greater than 2 megawatts. Typically, a 500 kilowatt system requires 50,000 square feet of unobstructed roof space.
"We are committed to working with solar developers to increase solar renewable generation in New Jersey," said Al Matos, PSE&G's vice president for renewables and energy solutions. "Our Solar 4 All program will result in new green jobs for the solar industry and will allow useful solar energy production to be placed on real estate that normally had little economic value."
"Beginning today developers are encouraged to team up with potential host sites to propose projects to PSE&G," said Susanna Chiu, PSE&G's director of business development. "Municipalities and other government entities, school districts, and owners of private real estate may participate in the project," she said. "The selected host sites will not only earn revenue from the rental payments from PSE&G but may also receive public recognition for taking part in an exciting program to benefit the environment."
PSE&G is seeking a fixed price for the solar system from the developer and will compensate the selected third party host sites via lease payments for a term of 20 years unless a shorter term is required by law, as may be the case for municipalities.
Details, program rules, and proposal documents can be found on the utility's Web site at: http://www.pseg.com/thirdpartysolar. During Open Season, developer/host site teams may submit questions or proposals by email to: email@example.com.
Public Service Electric and Gas Company (PSE&G) is New Jersey's oldest and largest regulated gas and electric delivery utility, serving nearly three-quarters of the state's population. PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability. PSE&G is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) , a diversified energy company (http://www.pseg.com/).
Want to know what's new at PSEG? Go to http://www.pseg.com/getnews and sign up to have our press releases and weekly environmental commentaries sent right to your inbox.Public Service Electric & Gas Company (PSE&G)
CONTACT: For media: Bonnie Sheppard, +1-973-430-7734; For customers &
Web Site: http://www.pseg.com/thirdpartysolar