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一人のすきま時間にヨガで癒される、あるようでなかったCD「聴く!グナヨーガ」新発売

研修事業を手がける株式会社アイアンドオン(横浜市 代表取締役社長伊藤宏之)は、5~10分のすきま時間に、こころとからだの状態に合わせて、手軽にできるヨガのCD「聴く!グナヨーガ」2タイトルを昨年末に発売開始した。

やさしいBGMにのせて、おすすめのポーズや呼吸法を、分かりやすい言葉と心地よい声で語りかけてくれるCD。「肩のコリをほぐす」「落ち込みから抜け出す」「夜、心地よく眠る」など5~10分でやれるヨガが1タイトルに10パターン収録されている。オフィスなどでもできる椅子に座って行うチェアー編と、家などの床で行うフロアー編の2タイトルある。

女性を中心にヨガ人口は現在100万人と言われ、ますますその広がりをみせている。しかし、なかなかヨガのレッスンに行くだけの時間がとれない人も多い。また、レッスンに参加したとしても、ヨガスタジオでの費用は1レッスンで2~3千円と、決して安くはない。ところが、このCDでは、5~10分のすきま時間にヨガができる。もちろん聴くだけ。あるようでなかったCDかもしれないが、そもそもインドで4500年の歴史があるヨガは、始めは師匠の言葉だけで弟子たちが行っていたようだ。

このCDの音声は、月間の生徒数が延べ1500名を超え、ヨガ教師としてテレビ出演もした横浜市を中心に活躍している伊藤玲子先生によるもので、的確で丁寧で癒しの指導が人気を呼んでいる。既に購入した方からは、「落ち着いた素敵な声は、聞いているだけでも癒される。」「心も身体もほぐれる感じ」などの感想があり、ヨガを全くやったことがなくても、ポーズ写真入りブックレットも付いているので安心して行える。
時間を大切にしたいが、何か手軽にストレスを和らげたいという方々にお勧めのCDと言えるかもしれない。1月31日まで、CD発売キャンペーンを実施中。

CD「聴く!グナヨーガ~チェアー~」収録時間:52分 1500円(税別)
CD「聴く!グナヨーガ~フロアー~」収録時間:69分 1500円(税別)

■詳細
グナヨーガ公式ホームページ: http://www.gunayoga.com

■お問合せ先
株式会社アイアンドオン グナヨーガ担当
住所:横浜市青葉区桜台1-95 AULAビル
TEL:045-983-5220  
FAX:045-982-9659 
E-Mail:info@iandon.co.jp




PR

iPhoneアプリ「Balancer (バランサー)」の無料配信開始、株式会社イノン

■バランサーは直感的に遊べるバランス感覚ゲームです。

基本操作は、端末を傾けるだけ!!

ゴール目指して、ボールを転がしていくだけなんです。

ステージ後半になると、ボールをジャンプさせることができて、少し難易度が上がります。

ちょっとした時間に遊べるので、是非、挑戦してみてください。

 


■サービス概要

サービス名称:Balancer 「iPhone アプリ」利用料金 :無料

対応言語 :日本語

公開開始日:2013年1月4日

WEBサイト :http://inon-inc.jp/apps/balancer/
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 ■会社概要
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会社名:株式会社イノン

資本金:1,000万円

事業内容:アプリの企画・開発事業、Webの企画・制作・運用事業、衣類輸入業(小売、卸)、その他前号に関わる一切の業務


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 ■本件に対する問い合わせ先
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株式会社イノン 担当:木内

TEL 045-511-8831 / Email info@inon-inc.jp

 

※本文中の会社名または商品名は各社の商標または登録商標です。
※「iPhone」「iPad」「iPod touch」「iTunes」および「App Store」は、Apple Inc.の商標です。
※iPhone商標は、アイホン株式会社のライセンスに基づき使用されています。
※「Android」「Google Play」は、Google Inc.の商標または登録商標です。

 



無題

)--FIRST® (For Inspiration and Recognition of Science and Technology), an organization founded by inventor Dean Kamen to inspire young people’s interest and participation in science and technology, officially launched its 2012-2013 FIRST Tech Challenge (FTC®) season with a series of live and online Kickoff events unveiling this year’s game, RING IT UP!SM

“The universal growth and acceptance of FTC can be tied to its continuing leadership and success in STEM-based education.”

FIRST Tech Challenge is a widely-accessible robotics program for grades 7 through 12 that promotes project-based learning. Using a proven formula that engages student interest in science, technology, engineering and math (STEM), FTC is one of the fastest-growing programs of its kind in the world. FTC is highly-scalable and easily integrates into the classroom with measurable results. FIRST teams learn to engage business, engineering and science professionals, and working together, become a focal point of the community in which they live.

Using a combination of motors, controllers, wireless communications, metal gears, and sensors, including infrared tracking (IR) and magnet seeking, about 25,000 students will program their robots to operate in both autonomous and driver-controlled modes on a field with a center rack. The object of the game is to score more points than an opponent by placing plastic rings on to pegs on a center rack. Teams will be challenged to detect special “weighted” rings to earn them bonus points. RING IT UP!SM matches will last two minutes and 30 seconds, and begin with a 30-second autonomous period followed by a two-minute driver-controlled period. The final 30 seconds of the driver-controlled period is the “end game,” where each team can score bonus points by lifting up their Partner’s robot off the game floor to a maximum height of 24 inches.

FIRST Tech Challenge empowers students to think like engineers and scientists,” said Dean Kamen, FIRST founder and President of DEKA Research & Development Corporation. “There is no doubt in my mind that FTC students will solve society’s greatest challenges by employing the same disciplines and critical thinking that they’re bringing to this year’s FTC game, RING IT UP!SM

“Hands-on, project-based learning has been the hallmark of FTC from its inception,” said Ken Johnson, Acting Chief Program Officer and Director, FIRST Tech Challenge. “The universal growth and acceptance of FTC can be tied to its continuing leadership and success in STEM-based education.”

During the 2012-2013 FTC season, an estimated 2,500 FIRST Tech Challenge 2,500 teams will compete in events in the U.S., Australia, China, India, Mexico, the Netherlands, New Zealand, Romania, Russia, Saudi Arabia, Singapore, South Korea and Taiwan—and new this year—Spain and Germany. The RING IT UP!SM season Qualifying and Championship events will culminate with the FIRST Championship, April 24-27, 2013, at the Edward Jones Dome in St. Louis, Mo. The 2012-2013 FIRST Tech Challenge Sponsors include Official Program Sponsor for the FIRST Tech Challenge, Rockwell Collins, and FTC CAD and Collaboration Sponsor, PTC®.

About FIRST®

Accomplished inventor Dean Kamen founded FIRST® (For Inspiration and Recognition of Science and Technology) in 1989 to inspire an appreciation of science and technology in young people. Based in Manchester, N.H., FIRST designs accessible, innovative programs to build self-confidence, knowledge, and life skills while motivating young people to pursue opportunities in science, technology, and engineering. With support from three out of every five Fortune 500 companies and nearly $15 million in college scholarships, the not-for-profit organization hosts the FIRST® Robotics Competition (FRC® ) for students in Grades 9-12; FIRST® Tech Challenge (FTC® ) for Grades 7-12; FIRST® LEGO® League (FLL® ) for Grades 4-8; and Junior FIRST® LEGO® League (Jr.FLL®) for Grades K-3. Gracious Professionalism® is a way of doing things that encourages high-quality work, emphasizes the value of others, and respects individuals and the community. To learn more about FIRST, go to www.usfirst.org.

FIRST®, the FIRST® logo, FIRST® Robotics Competition, FRC®, FIRST® Tech Challenge, and FTC®are registered trademarks, and RING IT UP!SM is a service mark, of the United States Foundation for Inspiration and Recognition of Science and Technology (FIRST®).

©2012 FIRST. All rights reserved.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50408124&lang=en

 

Contacts

FIRST ®
Dennis Garrigan, 603-206-2454
dgarrigan@usfirst.org

 

September 13, 2012 04:23 PM Eastern Daylight Time Satellite Image Technology Sheds New Light on Water Contamination Fish Deaths in Pigeon Lake, Alberta

A news story in the Calgary Herald this summer described massive fish deaths in Pigeon Lake, Alberta, Canada. The probable cause was some kind of lake contamination. When Milt Baker, CEO of Blue Water Satellite (BWS) of Bowling Green, Ohio heard about this, he wanted to see if his company’s proprietary satellite imaging technology could shed some new light on what was happening in Pigeon Lake. “Our patented technology can not only identify the types of contamination present, like cyanobacteria, chlorophyll-a, and phosphorous, but can provide precise mapping of exactly where the highest concentrations are located,” states BWS’ Milt Baker. “We converted satellite images for Pigeon Lake and discovered the southeast corner of the lake has several pockets of highly concentrated cyanobacteria – precisely around Ma-Me-O Beach, where the dead fish were found.” (To receive a High Resolution Satellite Image of Pigeon Lake, contact BWS)

“Instead of treating the entire 2000 acres of a lake at $450/acre, you can pinpoint problems and only treat 100 acres”

Baker’s company, Blue Water Satellite, works with various state, municipal, and government agencies, as well as utilities, oil and gas companies, and other organizations responsible for managing water bodies. “Our images allow responsible organizations to get an immediate assessment of water conditions right from their desktop without having to dispatch sampling teams,” states Baker. “And unlike physical sampling, we provide a complete picture of what’s happening across the entire body of water.”

Baker believes his image technology can help prevent events like the Pigeon Lake incident. “We are a powerful new tool for water body managers to use for assessment, early detection of problems, and the development of remediation strategies.”

Using BWS images, organizations can “treat” only those portions of the water body showing problems. “Instead of treating the entire 2000 acres of a lake at $450/acre, you can pinpoint problems and only treat 100 acres,” continued Baker.

Most of BWS images provide a resolution of 5 samples per acre (although they do offer higher resolution). When this information is overlaid with GIS data, remediation teams can be dispatched to exact coordinates for treatment that is cost and time-efficient.

In addition, BWS can provide historical images of the lake dating back to 1984 allowing their clients to trace the origins of the problem and determine rates of contaminant growth.

Contacts

September 13, 2012 04:27 PM Eastern Daylight Time ZaZa Energy Files Quarterly Report on Form 10-Q

ZaZa Energy Corporation (“the Company” or “ZaZa”) (NASDAQ: ZAZA) announced today that it filed its quarterly report on Form 10-Q for the period ended June 30, 2012 with the U.S. Securities and Exchange Commission. The report is available on ZaZa’s website at www.zazaenergy.com.

About ZaZa Energy Corporation

Headquartered in Houston, Texas, with offices in Corpus Christi, Texas and Paris, France, ZaZa Energy Corporation is a publicly-traded exploration and production company with primary assets in the Eagle Ford, Eaglebine and Paris Basin resource plays. More information about the Company may be found at www.zazaenergy.com.

Safe Harbor Statement

Except for the historical information contained herein, the matters set forth in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. ZaZa intends that all such statements be subject to the “safe-harbor” provisions of those Acts. Many important risks, factors and conditions may cause ZaZa’s actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates of reserves, estimates of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, actual recoveries of insurance proceeds, the ability of ZaZa to obtain additional capital, and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission. The historical results achieved by ZaZa are not necessarily indicative of its future prospects. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

Contacts

Sard Verbinnen & Co.
Dan Gagnier, +1-212-687-8080
dgagnier@sardverb.com

 

September 13, 2012 04:30 PM Eastern Daylight Time Toys“R”Us, Inc. Announces Second Quarter 2012 Lenders and Note Investors Conference Call For Toys“R”Us, Inc., Toys“R”Us – Delaware, Inc.,

Artio Global Investors Inc. (NYSE: ART) today reported preliminary month-end assets under management of $18.1 billion as of August 31, 2012, compared to $19.7 billion as of July 31, 2012.

About Us

Artio Global Investors Inc. is the indirect holding company of Artio Global Management LLC (“Artio Global”), a registered investment adviser that actively invests in global equity and fixed income markets, primarily for institutional and intermediary clients. Headquartered in New York, Artio Global has offices in Los Angeles, Toronto, London and Sydney.

Artio Global offers a select group of equity and fixed income strategies, including International Equity, Global Equity, High Grade Fixed Income, High Yield and Local Emerging Markets Debt. Access to these strategies is offered through a variety of investment vehicles, including separate accounts, commingled funds and mutual funds.

For more information, please visit www.artioglobal.com.

 

Contacts

Investors:
Artio Global Investors Inc.
Peter Sands, +1-212-297-3891
Head of Investor Relations
ir@artioglobal.com
or
Media:
Intermarket Communications
Neil Shapiro, +1-212-754-5423
nshapiro@intermarket.com

September 13, 2012 04:30 PM Eastern Daylight Time Artio Global Investors Inc. Announces August Month-End Assets Under Management

Artio Global Investors Inc. (NYSE: ART) today reported preliminary month-end assets under management of $18.1 billion as of August 31, 2012, compared to $19.7 billion as of July 31, 2012.

About Us

Artio Global Investors Inc. is the indirect holding company of Artio Global Management LLC (“Artio Global”), a registered investment adviser that actively invests in global equity and fixed income markets, primarily for institutional and intermediary clients. Headquartered in New York, Artio Global has offices in Los Angeles, Toronto, London and Sydney.

Artio Global offers a select group of equity and fixed income strategies, including International Equity, Global Equity, High Grade Fixed Income, High Yield and Local Emerging Markets Debt. Access to these strategies is offered through a variety of investment vehicles, including separate accounts, commingled funds and mutual funds.

For more information, please visit www.artioglobal.com.

 

Contacts

Investors:
Artio Global Investors Inc.
Peter Sands, +1-212-297-3891
Head of Investor Relations
ir@artioglobal.com
or
Media:
Intermarket Communications
Neil Shapiro, +1-212-754-5423
nshapiro@intermarket.com

September 13, 2012 04:30 PM Eastern Daylight Time MVC Capital to Present at Imperial Capital Global Opportunities Conference

MVC Capital, Inc. (NYSE: MVC), a publicly traded business development company that makes private debt and equity investments, announced today that CFO Peter Seidenberg will present at the 6th Annual Imperial Capital Global Opportunities Conference at 3:30 PM ET on Thursday, September 20, 2012 in the Morgan Suite at the Waldorf Astoria in New York City.

MVC Capital management will be available during the day for one-on-one meetings. To schedule a meeting, please contact your Imperial representative.

A copy of the investor presentation will be available on the MVC Capital corporate website (www.mvccapital.com) prior to the presentation.

MVC-G

About MVC Capital, Inc.

MVC is a business development company traded on the New York Stock Exchange that provides long-term debt and equity investment capital to fund growth, acquisitions and recapitalizations of companies in a variety of industries. For additional information about MVC, please visit the MVC's website at www.mvccapital.com.

 

Contacts

Investor Relations
MVC Capital
Jackie Rothchild, 914-510-9400
or
KCSA Strategic Communications
Garth Russell, 212-896-1250
or
Media Inquiries
Sard Verbinnen & Co
Nathaniel Garnick, 212-687-8080

 

September 13, 2012 04:30 PM Eastern Daylight Time Humana Donates $200,000 to Community Medical Centers

Patients with frequent visits to the Community Regional Medical Center now have more access through the Community Connections program thanks to a $200,000 grant from health and well-being company Humana Inc. (NYSE: HUM).

“Humana is proud to provide Community Medical Centers with the resources they need to treat and improve the quality of life of additional patients.”

The past year, Community Regional Medical Center, one of three acute-care hospitals that are part of the Community Medical Centers system, had approximately 122,700 emergency visits from nearly 69,000 patients. Of these patients, close to 950 had nine or more visits, accounting for more than 16,450 visits. That means 1.3 percent of patients accounted for 13.4 percent of the visits.

Community Regional Medical Center implemented the Community Connections program in September 2009 to address the complex psychosocial issues of patients, which included homelessness, substance abuse, mental illness, and the lack of access to a primary care provider. The goal of the program is to provide intensive case management and outreach to reduce frequency of visits to the emergency room, reduce inpatient length of stay and readmissions, and assist patients in improving their health and quality of life.

With the funding from Humana, the program was able to combine a critical component of health care delivery specifically servicing patients with diabetes. A Community Connections medical social worker and community outreach specialist work in collaboration with a nurse practitioner to provide outreach, psychosocial assessments, depression/anxiety screening, and monitoring and support. The program uses a team-based, comprehensive, and coordinated care approach in efforts of addressing the needs of the patient that guide them in improving their lives and managing their chronic disease.

The Community Connections program also utilized this opportunity to increase office space using an existing building across from the Emergency Department to house staff offices and a conference room for intra-agency meetings. The office space also affords the program a place to meet with patients discharged from the hospital to complete assessments, develop care plans, and provide referrals and resources to the community.

“The Emergency Department is not equipped to address patients’ chronic concerns,” said Caine Christensen, Community Connections Project Manager. “Patients benefit significantly from more appropriate resources in the community such as a primary care physician, substance treatment, and social services. The assistance from Humana has strengthened the staffing resources and quality of services that Community Regional is committed to providing to our community.”

“Humana is committed to helping people achieve lifelong well-being,” said Virginia Judd, Executive Director for the Humana Foundation. “We are delighted to support the important work accomplished by Community Medical Centers as they continue to improve the health and well-being of the Fresno community.”

In addition, the Humana funding could allow the program to add four staff members to serve an additional 15 patients each year.

“Treating chronic disease is a team effort and requires coordination of care and patient education,” said Mark El-Tawil, Western Division Leader for Humana’s Senior Products. “Humana is proud to provide Community Medical Centers with the resources they need to treat and improve the quality of life of additional patients.”

For more information on Community Medical Centers and the Community Connections program, visit www.communitymedical.org.

About Humana

Humana Inc., headquartered in Louisville, Kentucky, is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases
  • Replays of most recent earnings release conference calls
  • Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
  • Corporate Governance information

 

Contacts

Humana Corporate Communications
Marina Renneke, 480-515-6435
mrenneke@humana.com

September 13, 2012 04:31 PM Eastern Daylight Time Ecolab Named to Dow Jones Sustainability World Index

Ecolab Inc. has been named to the Dow Jones Sustainability (DJSI) World Index, a list of the world’s leading sustainability companies, and to the DJSI North America Index. The DJSI World Index captures the top 10 percent of the world’s 2,500 largest companies based on economic, environmental and social criteria. The North America Index captures the top 20 percent of the 600 largest companies in the United States and Canada.

“We are pleased to see this recognition of our continuing efforts to make the world cleaner, safer and healthier while protecting people and vital resources”

“We are pleased to see this recognition of our continuing efforts to make the world cleaner, safer and healthier while protecting people and vital resources,” said Douglas M. Baker, Jr., Ecolab chairman and CEO. “By partnering with our customers at more than one million locations worldwide, we have an impact far beyond our own operations.”

Details of Ecolab’s sustainability initiatives with customers and within its own operations can be found in the company’s 2011 Sustainability Report at www.ecolab.com/csr.

Launched in 1999, the Dow Jones Sustainability Indexes track the financial performance of the leading sustainability-driven companies worldwide. The indexes provide asset managers with reliable and objective benchmarks to manage sustainability portfolios.

The annual DJSI World index is based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. There are 340 companies listed in the 2012-13 World Index. Ecolab was one of 41 companies added to the index this year. More information on the Dow Jones Sustainability Indexes is available at http://www.sustainability-index.com.

About Ecolab
With 2011 pro forma sales of $11 billion and more than 40,000 employees, Ecolab Inc. (NYSE: ECL) is the global leader in water, hygiene and energy technologies and services that provide and protect clean water, safe food, abundant energy and healthy environments. Ecolab delivers comprehensive programs and services to the food, energy, healthcare, industrial and hospitality markets in more than 160 countries. For more news and information, visit www.ecolab.com.

(ECL-C)

Contacts

Ecolab Inc.
Roman Blahoski, 651-293-4385
MediaRelations@Ecolab.com

September 13, 2012 04:32 PM Eastern Daylight Time VA-HUD Team Honored for Progress to End Veterans Homelessness

Employees from the Department of Veterans Affairs were members of a unique federal team that won the prestigious Samuel J. Heyman Citizens Service Medal for the Administration’s efforts to end homelessness that resulted in a 12 percent reduction in homeless Veterans in 2011.

“These dedicated VA and HUD employees are committed to make a positive difference in the lives of our homeless Veterans”

“These dedicated VA and HUD employees are committed to make a positive difference in the lives of our homeless Veterans,” said Secretary of Veterans Affairs Eric K. Shinseki. “They have been implementing a strategy, based on prevention and rescue, that has been effective and moves us closer to our goal of eliminating homelessness among Veterans by 2015.”

The awards, known as the “Sammies,” are sponsored annually by the Partnership for Public Service to honor outstanding federal employees whose contributions are critical to the health, safety and well-being of Americans.

Leading the VA section of the team was Susan A. Angell, Ph.D., executive director of VA’s homeless Veterans initiative. Other VA team members were Lisa Pape, national director, Veterans health administration’s (VHA) homeless programs, Pete Dougherty, associate executive director of VA’s homeless Veteran initiative and Vincent Kane, national director VHA national center on homelessness. The HUD team was led by Acting Assistant Secretary Mark Johnston, and included Laure Rawson and Ann Oliva.

The two departments were cited for a program that combines HUD vouchers for Veterans to rent privately-owned housing, with VA case management services that include health care, mental health treatment, vocational assistance and job development. Since 2009, more than 47,000 Veterans have benefited from the HUD-VA Supportive Housing program.

Under another major program, VA awarded in July $100 million in grants to 151 community agencies across the nation to help about 42,000 at-risk Veterans keep their current housing.

According to the 2011 Annual Homelessness Assessment Report to Congress, homelessness among Veterans declined by nearly 12 percent from 2010.

In 2009, Secretary Shinseki committed VA, which provides substantial hands-on assistance directly to homeless Veterans, to end Veteran homelessness by 2015. The program puts new emphasis upon preventing homelessness by targeting at-risk Veterans for mental health care, substance abuse intervention and employment assistance.

 

Contacts

U.S. Department of Veterans Affairs
Office of Public Affairs
Media Relations
202-461-7600

September 13, 2012 04:36 PM Eastern Daylight Time Fitch Publishes Updated Global Rental Fleet ABS Criteria

Fitch Ratings today published an updated Asset-Backed sector specific criteria report titled 'Global Rating Criteria for Rental Fleet ABS.'

There have been no material changes from the previous version.

This report updates and replaces the prior criteria report with the title 'Global Rating Criteria for Rental Fleet ABS,' dated Sept. 15, 2011.

The report presents Fitch's analytical approach to rating Global Rental Fleet ABS and outlines the unique features of these transactions. Additionally, the report details key rating drivers associated with Global Rental Fleet as detailed below.

Key Rating Drivers

Review of RFC/Servicer Operations: Fitch's analysis includes a qualitative review of the RFC/servicer's operations, as well as a review of any backup servicers/liquidation agents in place in the transaction and its ability to effectively replace the RFC and conduct a fleet liquidation in an orderly, efficient manner. Fitch's assessment of other counterparty-related risks is addressed in Fitch's 'Counterparty Criteria for Structured Finance Transactions' (Counterparty Criteria).

Collateral Analysis: Fitch analyzes the collateral characteristics and relative diversity of the pool backing a transaction, including: vehicle make, model, and segment concentrations; manufacturer/brand mix; age of vehicles; and geographic concentrations. Based on the diversity designation, Fitch applies different levels of stress to the expected liquidation proceeds of the vehicles. Pools that are not diverse from a manufacturer/model/segment perspective may warrant a rating cap as described in Fitch's Rating Cap Criteria.

Analysis of Vehicle Value Risks: Fitch analyzes the risk of collateral value depreciation prior to its liquidation in a bankruptcy scenario and the residual risk of realizing mark-to-market losses on the actual sale of the collateral. This analysis is driven by historical vehicle depreciation rates and the historical vehicle value volatility observed in the wholesale vehicle market.

Macroeconomic Risks: The economic environment can have a material impact on rental fleet ABS ratings. Fitch takes into consideration the strength of the economy, as well as future expectations, by assessing key macroeconomic indicators, such as unemployment.

Structural Analysis: Fitch analyzes the structural protections afforded to the notes by stressing the liquidation timing, vehicle depreciation and disposition losses, and expected carrying costs of the transaction at various rating levels.

Legal Analysis: Fitch's legal analysis includes a review of the transaction's legal structure and opinions to verify, among other things, the legal isolation of the assets from the originator, the legal transfer of the assets to the issuing vehicle, and the tax status of the issuing vehicle.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Global Rating Criteria for Rental Fleet ABS

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=687882

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contacts

Fitch Ratings
Hylton Heard, +1 212-908-0214
Senior Director
Fitch, Inc.
1 State Street Plaza
New York, NY 10004
or
Bradley Sohl, +1 312-368-3127
Senior Director
or
John Bella, Jr., +1 212-908-0243
Managing Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com

 

September 13, 2012 04:37 PM Eastern Daylight Time Fitch Affirms BNS's Mortgage Covered Bonds at 'AAA'

Fitch Ratings has affirmed Bank of Nova Scotia's (BNS, rated 'AA-'/'F1+' with a Stable Outlook) mortgage covered bonds at 'AAA' with a Stable Outlook following a periodic review of the program.

The rating is based on BNS's Long-term Issuer Default Rating (IDR) of 'AA-', the Discontinuity Cap (D-Cap) of 3 (moderate-high risk) and the program's contractual asset percentage (AP) of 95%.

In terms of sensitivity of the covered bonds' rating, the 'AAA' rating would be expected to be maintained, - all else being equal - even if one of the following occurred: (i) the IDR was downgraded by up to two notches to 'A'; or (ii) the D-Cap fell by two categories to 1 (very high risk); or (iii) the AP level Fitch takes into account in its analysis increased up to 95.3%, which is the breakeven level in line with the 'AAA' rating.

The program's contractual AP of 95% also supports a 'AAA' covered bonds' rating on a PD basis, which is possible as the D-Cap allows an uplift of 3 notches above BNS' 'AA-' IDR. As Fitch considers the program to be in wind-down, since new covered bond legislation prohibits issuance out of programs with insured mortgage assets, the agency takes only the contractually committed AP into account in its analysis.

The D-Cap of 3 (moderate-high risk) is driven by the weakest risk assessment of the five D-Cap components, which is for the systemic alternative management component in line with all other Canadian programs. All of the other D-Cap components are assessed as moderate risk from a discontinuity point of view. For more details, reference 'Fitch Places BACBI's Covered Bonds on Negative Watch; Assigns US and Canadian D-Caps & Outlooks' published on Sept. 12, 2012.

As of May 25, 2012, the cover pool consisted of 135,998 first-lien, Canada Mortgage and Housing Corporation (CMHC)-insured residential mortgage loans totaling CAD20.2 billion with a weighted-average (WA) original LTV of 77.6% (as calculated by Fitch Ratings). In an 'AAA' scenario, Fitch has calculated a cumulative weighted-average frequency of foreclosure (WAFF) of 12.4% and a weighted-average recovery rate (WARR) of 96.5%, which reflects the benefit of the CMHC insurance on the loans.

If CMHC lost the full backing of the Government of Canada, or if the Government of Canada's rating suffered a downgrade, Fitch would revise the credit given to the insurance provided by CMHC on the mortgage loans in the cover pool. This could lead to weaker liquidity assumed for the mortgage assets as well as higher credit risk expectations for the cover assets. As a result, the D-Cap would likely decrease and the AP supporting the current covered bonds rating would likely decrease.

The weighted average life (WAL) of the assets in the cover pool is approximately 2.5 years, compared to the WAL of 2.9 years for the covered bonds. Interest rate and currency risks on the covered bonds are hedged via swaps with BNS as counterparty with collateral posting and replacement provisions in line with Fitch criteria.

The rating action also incorporates a revision of refinancing spread assumptions, which are used to estimate the stressed sale price for the cover pool that an alternative manager would liquidate in the aftermath of an issuer default. The net present value (NPV) of cover pools is determined by discounting the value of the assets at a rate reflective of the revised refinancing spreads. The NPV of the assets is consistent with previous assumptions given the credit loss protection on the assets provided by the CMHC insurance which insulates a potential buyer from borrower default in the event of increasing stress in the housing market.

The outstanding covered bonds total CAD15.79 billion and are guaranteed by Scotia Covered Bond Trust, a special purpose company established for the program with restricted permitted activities.

The Fitch AP in line with the covered bond rating will be affected by, among others, the profile of the cover assets relative to outstanding covered bonds, which can change over time, even in the absence of new issuances. Therefore it cannot be assumed to remain stable over time.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Covered Bonds Rating Criteria' (September 10, 2012);

--'Covered Bonds Counterparty Criteria' (July 25, 2012);

--'ResiLogic Mortgage Loss Criteria' (August 10, 2012);

--'Global Criteria for Lenders' Mortgage Insurance in RMBS' (Aug. 3, 2012).

Applicable Criteria and Related Research:

Global Criteria for Lenders' Mortgage Insurance in RMBS

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684475

ResiLogic Mortgage Loss Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686011

Covered Bonds Counterparty Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681797

Covered Bonds Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688092

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contacts

Fitch Ratings
Sandro Scenga, +1-212-908-0278
Media Relations, New York
sandro.scenga@fitchratings.com
or
Primary Analyst:
Vanessa Purwin, +1-212-908-0269
Senior Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Rachel Brach, +1-212-908-0224
Director
or
Committee Chairperson:
Suzanne Mistretta, +1-212-908-0639
Senior Director

 

September 13, 2012 04:41 PM Eastern Daylight Time Alcoa Named to the Dow Jones Sustainability Indexes: World and North America

For the eleventh consecutive year, Alcoa (NYSE:AA) has been named to one of the most highly recognized and longest-standing global sustainability indexes, the Dow Jones Sustainability Indexes (DJSI). Alcoa was recognized as the global aluminum industry sustainability leader as well as the North America leader in the aluminum sector.

“Alcoa’s commitment to not just meeting but exceeding the industry standard for economic, environmental and social responsibilities is a long-standing priority of this company”

“Alcoa’s commitment to not just meeting but exceeding the industry standard for economic, environmental and social responsibilities is a long-standing priority of this company,” said Kevin Anton, Alcoa Vice President and Chief Sustainability Officer. “Sustainability is a part of everything we do, from the way we run our operations, to the innovative material solutions that we are bringing to the world; making transportation more fuel efficient, buildings greener, packaging infinitely recyclable, and consumer electronics lighter and less energy intensive. We are honored to have been named to this world-renowned sustainability index for the last 11 years.”

The Dow Jones Sustainability World Index (DJSI World) includes the top 10 percent of the largest 2,500 companies in the Dow Jones Global Total Stock Market Index. The Dow Jones Sustainability North America Index (DJSI North America) comprises the top 20 percent of the 600 largest companies from Canada and the United States.

The company improved on its year-over-year score in all three Dow Jones key dimensions – Economic, Environmental and Social. Performance highlights include:

  • Economic: Integrated sustainability metrics into our supplier assessment process to drive a more sustainable supply chain.
  • Environmental: Achieved a 23% improvement in greenhouse gas (GHG) intensity in the Alcoa Global Primary Products business between 2005 and 2011, surpassing the Company’s 2020 target of a 20% improvement. In light of this, the Company set a new goal to achieve a 30% GHG intensity improvement by 2020 and a 35% improvement by 2030, from a 2005 baseline.
  • Social: Alcoa and Alcoa Foundation invested US$38 million in community programs in 2011, and a record 56% of Alcoa employees volunteered in their communities during Alcoa’s 2011 Worldwide Month of Service.

The Dow Jones Sustainability Indexes are made up of global, regional and country industry leaders in terms of sustainability. Selection to the DJSI is based on an in-depth analysis of a company’s economic, environmental and social aspects with a focus on long-term development of corporate value. The benchmarks set by the indexes allow investors to use them as an important guide when assessing a company’s sustainability portfolio.

To learn more about the company’s approach to sustainability, read Alcoa’s 2011 Corporate Sustainability Report and reports from Alcoa regions worldwide.

About Alcoa
Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for ten consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com.

Contacts

Alcoa
Investor Contact
Kelly Pasterick, 212-836-2674
or
Media Contact
Libby Archell, 212-836-2719

September 13, 2012 04:41 PM Eastern Daylight Time Walton Westphalia Development Corporation

Walton Westphalia Development Corporation (the “Corporation”) announces that it has completed its twelfth closing on its previously announced private placement offering.

The Corporation closed on aggregate proceeds of $693,980 and issued 69,398 Units at a price of $10.00 per Unit. Each Unit is comprised of $5.00 principal amount of 8% unsecured, subordinated, convertible, extendable debentures (the “Debentures”) and one non-voting share of the Corporation having a price of $5.00 (the “Shares”).

The proceeds from this closing will be utilized by the Corporation and its U.S. subsidiary for working capital purposes and to repay a portion of the loan it received from affiliated entities to purchase interests in the approximately 310 acre “Westphalia” property located in Prince George’s County, Maryland, USA (the “Property”).

The Corporation will provide further updates as additional closings of the private placement occur.

The Corporation has been incorporated to provide investors with the unique opportunity to participate in the returns available on the residential and commercial development of the Property. The Corporation’s investment objectives are to (a) preserve the capital investment of the purchasers in the Units; (b) make annual cash distributions on the Units (comprised of payments of interest and/or principal on the Offering Debentures and/or dividends or other distributions on the Shares) beginning in June of 2013 until the final distribution of funds from the Project, which is anticipated to be in March of 2019; and (c) achieve a net internal rate of return of 15.0% on the $10.00 purchase price of the Units from the cash distributions referred to in (b) above.

The Corporation is managed by Walton Asset Management L.P., and the development of the Property is managed by Walton Development & Management (USA), Inc., both of which are part of the Walton Group.

The Walton Group is a multinational group of real estate investment and development companies headquartered in Calgary, Alberta, Canada. Walton’s expertise is the research, acquisition, management and development of strategically located land in major North American growth corridors. With over 68,000 acres of land under management, the Walton Group is one of North America’s premier land asset managers. Walton manages and/or owns land assets in Phoenix, Austin, Dallas, Atlanta, Charlotte, the Washington D.C. region, Ottawa, Toronto, Edmonton and Calgary.

For more information about Walton Westphalia Development Corporation, please visit www.sedar.com. For more information about Walton, please visit www.Walton.com.

This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This offering is only made by Offering Memorandum, only to Canadian residents, and only as permitted by law. This news release contains forward looking information, and actual future results may differ from the Corporation’s objectives. The risks, uncertainties and other factors that could influence actual results are described in the Offering Memorandum, which contains important detailed information about the securities being offered, and which investors should read before making an investment decision.

 

Contacts

Walton Westphalia Development Corporation
Blair Nixon, 1.403.265.4255
Email: BNixon@Walton.com

September 13, 2012 04:44 PM Eastern Daylight Time Frontier Communications Corporation to Participate in Investor Conference

Frontier Communications Corporation (NASDAQ:FTR) is scheduled to participate in the Goldman Sachs 21st Annual Communacopia Conference in New York, NY. Daniel McCarthy, President and Chief Operating Officer, and Donald Shassian, Executive Vice President & Chief Financial Officer, are scheduled to present on Thursday, September 20, 2012 at 11:20am Eastern Time.

A live webcast of this presentation will be available at www.frontier.com on the Investor Relations page under “Webcasts & Presentations.”

About Frontier Communications

Frontier Communications Corporation (NASDAQ: FTR), is an S&P 500 company and is included in the FORTUNE 500 list of America’s largest corporations. Frontier offers broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings and specialized bundles for residential customers, small businesses and home offices and advanced business communications for medium and large businesses in 27 states. Frontier’s approximately 15,300 employees are based entirely in the United States. More information is available at www.frontier.com.

 

Contacts

INVESTOR:
Frontier Communications Corporation
Gregory Lundberg, 203-614-5044
VP Investor Relations & Assistant Treasurer
greg.lundberg@ftr.com
or
MEDIA:
Brigid Smith, 203-614-5042
AVP, Corp. Comm.
brigid.smith@ftr.com

September 13, 2012 04:45 PM Eastern Daylight Time BlackRock Announces Additional Details Related to Proposed Reorganization of Certain BlackRock Taxable Fixed Income Closed-End Funds

BlackRock Advisors, LLC announced today that, at a special meeting of shareholders of BlackRock Diversified Income Strategies Fund, Inc. (NYSE:DVF), BlackRock Floating Rate Income Strategies Fund II, Inc. (NYSE:FRB) and BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) (collectively, the “Funds”) held today, shareholders of the Funds have approved the reorganization of each of DVF and FRB with and into FRA (the “Reorganizations”).

It is currently expected that the Reorganizations will be completed in October 2012, subject to all regulatory requirements and customary closing conditions being satisfied. The Reorganizations, if completed, would occur based on the relative net asset values of (i) DVF and FRA and (ii) FRB and FRA, respectively.

This communication is not intended to, and shall not, constitute an offer to purchase or sell shares of any of the BlackRock funds, including FRA, the surviving fund in the Reorganizations. Investors should consider the investment objectives, risks, charges and expenses of their fund(s) carefully and consider in its entirety the Joint Proxy Statement/Prospectus relating to the Reorganizations which contains important information regarding the investment objectives and policies, risks, charges, expenses and other important information about FRA.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2012, BlackRock’s AUM was $3.560 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of June 30, 2012, the firm has approximately 9,900 employees in 27 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit BlackRock’s website at www.blackrock.com.

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to each of the “Funds”, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for each Fund or in each fund’s net asset value; (2) the relative and absolute investment performance of each Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to each Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions; and (12) the ability of BlackRock to integrate the operations of Barclays Global Investors.

Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release.

 

Contacts

BlackRock Closed-End Funds
1-800-882-0052

September 13, 2012 04:45 PM Eastern Daylight Time Fitch Assigns 'AA' Bank Bond Rtg to Denton ISD, TX ULTs; Outlook Stable

Fitch Ratings assigns an 'AA' bank bond rating to the following Denton Independent School District, Texas bonds corresponding with the substitution of the district's liquidity provider in the form of a standby bond purchase agreement (SBPA):

--$30 million variable rate unlimited tax (ULT) school building bonds, series 2006-B.

The district switched its SBPA to Wells Fargo from Bank of America effective Aug. 24, 2012. At that time Fitch upgraded the short-term rating on the bonds to 'F1+' from 'F1'.

In addition, Fitch affirms the 'AA' underlying rating on outstanding parity ULT bonds.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by an unlimited ad valorem property tax pledge on parity with the district's outstanding ULT bonds. The bonds also carry a guarantee from the Texas Permanent School Fund (PSF), whose bond guaranty program is rated 'AAA' by Fitch.

KEY RATING DRIVERS

ROBUST FINANCIAL CUSHION: Strong financial performance, aided by conservative budgeting practices, has yielded ample reserves and liquidity.

DIVERSE ECONOMY; EXPANDING TAV: The district's growing tax base benefits from its proximity to the healthy Dallas-Fort Worth (DWF) metropolitan area economy which continues to gain employment, population and income.

NEGLIGIBLE DEBT FLEXIBILITY: The district is highly leveraged as a result of the rapid enrollment growth that occurred over the past decade. Key debt ratios are high, amortization is slow, and a high debt service tax rate - which is very close to the state's statutory test for new debt issuance - limits capital flexibility.

BANK BOND TERMS MANAGEABLE: The terms of the SBPA governing liquidity support of the bonds could pressure the district's finances if the bonds were to become bank bonds for a sustained time period or in the event of acceleration. However, Fitch believes that district's strong financial profile and implied market access to take out such bonds with long-term debt mitigates some of these concerns.

CREDIT PROFILE

BANK MODE PROVISIONS

Fitch has reviewed the interest rates, default and acceleration provisions, and the amortization schedule specified in the documents governing the bonds. Under the terms of the SBPA, the district would be required to amortize potential bank bonds over a five-year period at the prescribed bank interest rate. The condensed amortization schedule and higher interest cost when in bank mode could pressure the district's finances, but Fitch believes the district's robust liquidity and implied market access to take out such bonds with long-term debt mitigate some concern about the potential pressures. At present, there are no bank bonds outstanding.

Acceleration of payment on the bank bonds would occur in the events of default specified in the SBPA, namely downgrades to the PSF (to below 'A/'A2') or the debt of the district if the PSF is not in effect (to below 'A-'/'A3). However, the occurrence of credit related acceleration events are sufficiently mitigated by the high rating levels of the PSF and district parity obligations.

SOLID FINANCIAL PERFORMANCE, RESERVES, & LIQUIDITY

Financial performance has remained strong despite the continuing capital and operating pressures associated with rapid enrollment growth. The district outperformed its 2011 deficit budget in the areas of attendance-based state aid and local property tax revenues to produce an $8.2 million operating surplus after transfers (4.6% of spending). The unrestricted general fund balance (committed, assigned and unassigned balances per GASB 54) rose to a robust $63.2 million, or 34% of operating expenditures and transfers out, and year-end cash & investments exceeded five months of operating costs.

State budget cuts in fiscal 2012 resulted in the district receiving $11.5 million less in state formula-funding than anticipated but management reduced spending sufficiently to adopt a balanced budget and now expects to add at least $12 million to fund balance (a 19% increase). The original budget eliminated 7% of personnel via attrition, froze salaries, and reduced departmental spending. Approximately $4 million in one-time federal aid was prudently excluded from the operating budget, and this revenue, together with better than forecast property tax collections, other federal aid, and ongoing cost savings, triggered the significant surplus after transfers. The 2012 surplus would mark the third consecutive year of positive results and available fund balance above 30% of expenditures.

The fiscal 2013 $197 million general fund budget increases spending 4.5% from the prior-year budget and calls for a modest $2.8 million use of fund balance, in part due to the second year of state budget cuts and a 3% pay-raise for staff. Fitch draws comfort from the district's history of outperforming budget expectations and still-ample reserves net of the forecast draw-down.

HIGH DEBT RATIOS STEM FROM ENROLLMENT-DRIVEN CAPITAL NEEDS

The district's debt profile is Fitch's key credit concern. Overall debt ratios and the annual debt burden on the budget are high while the pace of principal amortization is slow, reflecting the district's fast-growth environment and related needs to meet facility demands while attempting to limit the effect on existing taxpayers.

Overall debt levels comprise a very high 10.7% of market value and $7,887 per capita and are slightly higher when accreted interest from capital appreciation bonds (CABs) is included. The high overall debt load is a function of the direct debt, and large amount of debt from the city of Denton and various fresh water supply districts. Debt service also consumes a high 20% of the fiscal 2012 operating and debt service fund budgets. The district's debt portfolio contains about 18% of mostly hedged variable rate debt, which Fitch views as an acceptable range for the 'AA' rating category. However, given the high debt service burden this concern is somewhat elevated.

TIGHT MARGIN ON DEBT SERVICE TAX RATE LIMITS CAPITAL FLEXIBILITY

Of additional concern to Fitch is the district's limited flexibility in meeting future capital needs due to a debt service tax rate ($0.49 per $100 TAV) that is very near the state's statutory limit for new debt issuance ($0.50). The district has $76 million in remaining debt authorization for new campuses and officials do not plan to issue this debt unless it can be supported by the current tax rate. The tax rate cap for new money debt somewhat mitigates the risk of sharp increases in debt levels over the near term but may also constrain the district's ability to meet capital needs, absent sufficient tax base growth.

DIVERSE & GROWING LOCAL ECONOMY ENHANCED BY PROXIMITY TO DFW METRO AREA

Denton ISD is located approximately 35 miles north of Dallas and Fort Worth in Denton County, at the convergence of Interstate Highways 35 East and 35 West. Proximity to the DFW metro area and the access provided by major highway, air, and rail transportation have attracted a variety of industry and business to the area, and an expanding service sector and manufacturing development continues to diversify the district's mostly residential tax base.

Education and health services top the list of major area employers, offering a measure of stability during the economic downturn. The University of North Texas and Texas Woman's University are located in the city of Denton. Area employment indicators are strong, evidenced by continuing employment and labor force gains in the city and county. The Denton County unemployment rate improved to 6.8% from 7.6% for the 12-month period ending June 2012 and has trended consistently below area, state, and national rates.

TAX-BASE GROWTH CONTINUING

The district's TAV grew by a 2.4% compound annual growth rate from 2008-2012 and is up nearly 4% for fiscal 2013. While growth remains significantly slower than the double-digit rate seen prior to 2009, Fitch believes prospects for continuing modest growth are positive given the development occurring within the district, the stable housing market, and growing regional economy.

Population and enrollment gains, which were significant over the past decade, are also continuing. Enrollment has increased annually by about 1,000 students (5%) over the past five years to just under 25,000, and the district projects continuing enrollment gains at between 800-1,000 annually over the next five years.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

In addition to the sources of information identified in Fitch's Tax-Supported Rating Criteria, this action was additionally informed by information from CreditScope, University Financial Associates, S&P/Case-Shiller Home Price Index, IHS Global Insight, Zillow.com, National Association of Realtors, and Texas Municipal Advisory Council.

Applicable Criteria and Related Research:

--'Tax-Supported Rating Criteria' (Aug. 14, 2012);

--'U.S. Local Government Tax-Supported Rating Criteria' (Aug. 14, 2012).

Applicable Criteria and Related Research:

U.S. Local Government Tax-Supported Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685314

Tax-Supported Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686015

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Contacts

Fitch Ratings
Elizabeth Fogerty, +1-212-908-0526
Media Relations, New York
elizabeth.fogerty@fitchratings.com
or
Primary Analyst:
Blake Roberts, +1-512-215-3741
Analyst
Fitch, Inc.
111 Congress Ave., Suite 2010
Austin, TX 78701
or
Secondary Analyst:
Gabriela Gutierrez, +1-512-215-3731
Director
or
Committee Chairperson:
Amy Laskey, +1-212-908-0568
Managing Director

 

September 13, 2012 04:46 PM Eastern Daylight Time Employees Serving in the National Guard and Reserve Continue to Benefit from Insurance Auto Auctions Support

)--Dr. Jerry Icenhower, Chairman of the Texas ESGR Committee (ESGR), joined John Kett to celebrate the grand opening of IAA’s Austin, Texas facility and to reaffirm IAA support of Veteran and Reservist employment. Mr. Kett signed a Statement of Support for the Guard and Reserve during IAA’s September 11th Patriot Day observance which occurred during a pause in their live and live-online salvage auto auction to buyers representing 110 countries who can access the auction in six languages.

“This is the right thing to do, and it is the right time to do it”

Insurance Auto Auctions joins thousands of America’s employers in pledging to:

  • Continually recognize and support our country’s service members and their families in peace, in crises and in war.
  • Fully recognize, honor and enforce the Uniformed Services Employment and Re-Employment Rights Act (USERRA).
  • Appreciate the values, leadership and unique skills service members bring to the workforce and will encourage opportunities to hire Guardsmen, Reservists and Veterans.
  • Ensure that managers and supervisors will have the tools they need to effectively manage those employees who serve in the Guard and Reserve.

“This is the right thing to do, and it is the right time to do it,” said Icenhower. “Today, supportive employers like Insurance Auto Auctions are critical to maintaining the strength and readiness of the nation’s Guard and Reserve units.”

When asked about the Statement of Support criteria, Icenhower said, “Insurance Auto Auctions managers will now stand proudly with their Guard and Reserve employees, who continue to answer their nation’s call to defend our way of life. Their personal sacrifices are essential to the strength of our nation.”

“We are pleased to be a part of this national alliance where military service can translate into employment opportunities at our 148 U.S. branch locations,” said John Kett, President and Chief Financial Officer at Insurance Auto Auctions. “We are proud to provide employment opportunities to those who serve and appreciate their commitment to our country. On behalf of the more than 1,800 IAA team members in the US, we honor and recognize service men and women on this historic Patriot Day.”

About Insurance Auto Auctions, Inc.

Insurance Auto Auctions is the leading live and live-online salvage vehicle auction company and a wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR). Headquartered in Westchester, Illinois, IAA has over 160 auction facilities throughout North America offering towing, financing and titling services. With the most auction facilities in North America, IAA provides registered buyers from around the globe with millions of opportunities to bid on and purchase donated and salvaged vehicles. Since 1982, IAA has sold millions of vehicles through its weekly auctions for insurance companies, fleet and rental companies, financing companies, charity organizations and the general public. IAA also leverages its business model to assist hundreds of charitable organizations in the US through its One Car One Difference® campaign. To date IAA has provided millions of dollars in additional funding to charities by assisting in the processing of donated vehicles. Learn how we are making a difference by visiting www.1car1difference.com. With a talented team of over 2,000 North American employees, IAA is committed to providing customers with the highest level of services in the salvage auto industry. Go to www.IAA-Auctions.com to learn more, and follow IAA on Facebook and Twitter.

About ESGR

Employer Support of the Guard and Reserve is a Department of Defense agency established in 1972 to develop and maintain employer support for Guard and Reserve service. ESGR advocates relevant initiatives, recognizes outstanding support, increases awareness of applicable laws, and resolves conflict between service members and employers. Paramount to ESGR's mission is encouraging the employment of Guardsmen and Reservists who bring integrity, global perspective and proven leadership to the civilian workforce.

As the 1.1 million members of the National Guard and Reserve continue to perform an increasing number of unique missions that require extraordinary actions on the part of everyday citizens, ESGR will continue to be the informational agency for the employers of citizen warriors. More information about ESGR Employer Outreach Programs and incredible volunteer opportunities is available at www.esgr.mil or by contacting Tom Bullock, Chief, Employer Outreach, at 571-372-0709, or email tom.bullock@osd.mil.

Employer Support of the Guard and Reserve
4800 Mark Center Drive, Suite 03E25, Alexandria, VA 22350
800-336-4590 www.esgr.mil

 

 

Contacts

ESGR
Tom Bullock, 571-372-0709
or
Insurance Auto Auctions
Jeanene O’Brien, 708-492-7328

September 13, 2012 04:47 PM Eastern Daylight Time Wireless Seismic liefert erstes RT System 2 an Bay Geophysical

)--Wireless Seismic, Inc, ein führender Anbieter kabelloser Echtzeit-Erfassungssysteme für seismische Daten, hat heute Verkauf und Lieferung des ersten RT System 2, einem Erfassungssystem für seismische Daten, an Bay Geophysical, Inc. Bay bekannt geben, einem Unternehmen mit Sitz in Traverse City (Michigan), das das RT System 2 ab Anfang Oktober für 2D- und 3D-Datenerfassungsprojekte in den beiden US-Bundesstaaten Michigan und Indiana einsetzen wird.

„Wir freuen uns sehr, dass das Führungsteam von Bay Geophysical sich für das RT System 2 entschieden hat, um die Kapazitäten zur Erfassung seismischer Daten des Unternehmens aufzurüsten“

„Bay Geophysical hat sich aufgrund seines reduzierten seismischen Fußabdrucks und seiner Kapazitäten zur Wiedergabe seismischer Daten in Echtzeit für das RT System 2 entschieden“, erklärte Lee Kurtzweil, Präsident von Bay Geophysical. „Ein weiterer zentraler Faktor für die Entscheidung von Bay, mit dem RT System 2 zu arbeiten, ist die Tatsache, dass damit die Auswahl von Parametern für Datenerfassung und Geräuschüberwachung in Echtzeit möglich ist – entscheidende Möglichkeiten für die Erfüllung unseres Bedarfs an QA/QC (Qualitätssicherung/Qualitätskontrolle).“

„Wir freuen uns sehr, dass das Führungsteam von Bay Geophysical sich für das RT System 2 entschieden hat, um die Kapazitäten zur Erfassung seismischer Daten des Unternehmens aufzurüsten“, fügte Mick Lambert, Präsident und Chief Operating Officer von Wireless Seismic, hinzu. „Bei Bay gilt die Entwicklung des RT System 2 als ein Weg, Kosten zu senken und die betriebliche Effizienz zu steigern. Wir freuen uns darauf, mit der Belegschaft von Bay zusammenzuarbeiten, um sicherzustellen, dass diese Vorteile auch umgesetzt werden.“

Über Bay Geophysical

Bay Geophysical, Inc. ist ein Volldienstleister für die Erfassung von und Beratung zu geophysikalischen Daten mit Sitz außerhalb von Traverse City (Michigan), der einen Kern erfahrener Geophysiker, Geologen und Ingenieure beschäftigt, die sich auf Erkundungen unter Tage spezialisiert haben.

Über Wireless Seismic

Wireless Seismic, Inc, mit Firmensitz in Sugar Land, Texas, entwirft und entwickelt ein revolutionäres System zur Erfassung seismischer Daten, das sich neue Technologien in der seismischen, drahtlosen und Mesh-Netzwerk-Branche zunutze macht. Heute bietet Wireless Seismic das branchenweit einzige voll skalierbare drahtlose System für seismische Messungen mit der Möglichkeit zur Erfassung von seismischen Daten in Echtzeit an.

Weitere Informationen finden Sie unter www.wirelessseismic.com.

Die Ausgangssprache, in der der Originaltext veröffentlicht wird, ist die offizielle und autorisierte Version. Übersetzungen werden zur besseren Verständigung mitgeliefert. Nur die Sprachversion, die im Original veröffentlicht wurde, ist rechtsgültig. Gleichen Sie deshalb Übersetzungen mit der originalen Sprachversion der Veröffentlichung ab.

Contacts

Wireless Seismic, Inc.
Patricia Jonesi, 832.532.5012
pjonesi@wirelessseismic.com

September 13, 2012 04:48 PM Eastern Daylight Time Source Technologies Unveils Two New Thermal Barcode Printers - STp.1115s and STp.1725

 Vanco Brasil Exploração e Produção de Petróleo e Gás Natural Ltda, subsidiária integral do PanAtlantic Energy Group, anunciou hoje que a perfuração do poço de exploração Sabia-1X no bloco BM-S-72 alcançou com sucesso uma profundidade total de quatro mil e duzentos metros. Registros wireline, pressões do reservatório e amostras de fluidos confirmam que o poço penetrou várias zonas de interesse apresentando hidrocarboneto. Novas análises serão conduzidas nos próximos meses para avaliar adequadamente o potencial comercial. O poço será abandonado de acordo com os requisitos da ANP.

O poço Sabia-1X foi perfurado numa profundidade de água de cento e noventa e cinco metros, usando o GSF Arctic I, uma unidade de perfuração semi-submersível ancorada. A plataforma vai ser transferida para o prospecto Canario em BM-S-63, no início da próxima semana.

O PanAtlantic, através da sua subsidiária brasileira, Vanco Brasil Exploração e Produção de Petróleo e Gás Natural Ltda (“Vanco Brasil E&P”), detém atualmente 70% de participação nas três concessões BM-S-72, BM-S-63 e BM-S-71, junto com a Panoro Energy do Brasil Ltda. 15% e a Brasoil Round 9 Exploração Petrolífera Ltda. 15%. Conforme anunciado previamente, em julho, a Vanco Brasil E&P e a Ecopetrol Óleo e Gás do Brasil Ltda, subsidiária integral da Ecopetrol S.A., assinaram um contrato em que a Ecopetrol Óleo e Gás do Brasil Ltda vai adquirir da Vanco Brasil E&P 30% de participação nas três concessões, sujeito a aprovação da Agência Nacional do Petróleo (“ANP”).

Conforme anunciado em maio de 2012, a PanAtlantic Energy Group sucedeu e substituiu a Vanco Overseas Energy Group com uma mudança de nome para refletir base patrimonial e áreas de concentração importantes nas margens africanas e latino-americanas do oceano Atlântico. A PanAtlantic tem ativos de exploração em águas profundas no Brasil, África Ocidental e Mar Negro.

O texto no idioma original deste anúncio é a versão oficial autorizada. As traduções são fornecidas apenas como uma facilidade e devem se referir ao texto no idioma original, que é a única versão do texto que tem efeito legal.

 

Contacts

PanAtlantic Energy Group
Vanco Brasil Exploração e Produção de Petróleo e Gás Natural Ltda.
Fernando Borensztein, gerente para o país
+55(21)3266-1350

September 13, 2012 04:48 PM Eastern Daylight Time PanAtlantic alcança profundidade total no poço Sabia-1X, Bacia de Santos, na costa do Brasil

 Vanco Brasil Exploração e Produção de Petróleo e Gás Natural Ltda, subsidiária integral do PanAtlantic Energy Group, anunciou hoje que a perfuração do poço de exploração Sabia-1X no bloco BM-S-72 alcançou com sucesso uma profundidade total de quatro mil e duzentos metros. Registros wireline, pressões do reservatório e amostras de fluidos confirmam que o poço penetrou várias zonas de interesse apresentando hidrocarboneto. Novas análises serão conduzidas nos próximos meses para avaliar adequadamente o potencial comercial. O poço será abandonado de acordo com os requisitos da ANP.

O poço Sabia-1X foi perfurado numa profundidade de água de cento e noventa e cinco metros, usando o GSF Arctic I, uma unidade de perfuração semi-submersível ancorada. A plataforma vai ser transferida para o prospecto Canario em BM-S-63, no início da próxima semana.

O PanAtlantic, através da sua subsidiária brasileira, Vanco Brasil Exploração e Produção de Petróleo e Gás Natural Ltda (“Vanco Brasil E&P”), detém atualmente 70% de participação nas três concessões BM-S-72, BM-S-63 e BM-S-71, junto com a Panoro Energy do Brasil Ltda. 15% e a Brasoil Round 9 Exploração Petrolífera Ltda. 15%. Conforme anunciado previamente, em julho, a Vanco Brasil E&P e a Ecopetrol Óleo e Gás do Brasil Ltda, subsidiária integral da Ecopetrol S.A., assinaram um contrato em que a Ecopetrol Óleo e Gás do Brasil Ltda vai adquirir da Vanco Brasil E&P 30% de participação nas três concessões, sujeito a aprovação da Agência Nacional do Petróleo (“ANP”).

Conforme anunciado em maio de 2012, a PanAtlantic Energy Group sucedeu e substituiu a Vanco Overseas Energy Group com uma mudança de nome para refletir base patrimonial e áreas de concentração importantes nas margens africanas e latino-americanas do oceano Atlântico. A PanAtlantic tem ativos de exploração em águas profundas no Brasil, África Ocidental e Mar Negro.

O texto no idioma original deste anúncio é a versão oficial autorizada. As traduções são fornecidas apenas como uma facilidade e devem se referir ao texto no idioma original, que é a única versão do texto que tem efeito legal.

 

Contacts

PanAtlantic Energy Group
Vanco Brasil Exploração e Produção de Petróleo e Gás Natural Ltda.
Fernando Borensztein, gerente para o país
+55(21)3266-1350

September 13, 2012 04:48 PM Eastern Daylight Time Wireless Seismic livre le premier système RT System 2 à Bay Geophysical

Wireless Seismic, Inc., principal fournisseur de systèmes d'acquisition sismique sans câble en temps réel, a annoncé aujourd'hui la vente et la livraison de son premier système d'acquisition de données sismiques RT System 2 à Bay Geophysical, Inc. Bay, installé à Traverse City dans le Michigan, utilisera le système RT System 2 pour des projets d'acquisition 2D et 3D dans le Michigan et dans l'Indiana à compter de début octobre.

« Nous sommes ravis que l'équipe dirigeante de Bay Geophysical ait choisi le système RT System 2 pour mettre à niveau leurs capacités d'acquisition sismique »

« Bay Geophysical a choisi le système RT System 2 pour son empreinte sismique réduite et pour ses capacités de renvoi de données sismiques en temps réel », a déclaré Lee Kurtzweil, président de Bay Geophysical. « L'autre facteur déterminant dans la décision de Bay d'opter pour le système RT System 2, est qu'il est capable d'effectuer une sélection des paramètres d'acquisition en temps réel et une surveillance acoustique, des capacités indispensables pour répondre à nos besoins en matière d'AQ et de CQ ».

« Nous sommes ravis que l'équipe dirigeante de Bay Geophysical ait choisi le système RT System 2 pour mettre à niveau leurs capacités d'acquisition sismique », a ajouté Mick Lambert, président et directeur de l'exploitation chez Wireless Seismic. « Bay voit le déploiement de RT System 2 comme un moyen de réduire les coûts et d'accroître l'efficience opérationnelle. Nous avons hâte de travailler avec le personnel de Bay afin que ces avantages deviennent réalité dans les faits ».

À propos de Bay Geophysical

Bay Geophysical, Inc. est une société de services complets d'acquisition de données géophysiques et de conseil installée à Traverse City, dans le Michigan, qui compte sur un noyau de géophysiciens, de géologues et d'ingénieurs chevronnés, spécialisés dans les études de subsurface.

À propos de Wireless Seismic

La société Wireless Seismic, Inc., installée à Sugar Land, au Texas, conçoit et met au point un système révolutionnaire d'acquisition de données sismiques qui tire parti des technologies émergentes dans les industries du sismique, du sans fil et du réseau maillé. Aujourd'hui, Wireless Seismic est la seule du secteur à offrir un système d'enregistrement sismique sans fil, entièrement extensible, avec acquisition des données sismiques en temps réel.

Pour plus d'informations, visitez le site www.wirelessseismic.com.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Contacts

Wireless Seismic, Inc.
Patricia Jonesi, 832.532.5012
pjonesi@wirelessseismic.com

September 13, 2012 04:49 PM Eastern Daylight Time GCA Announces Sponsorship of iGaming Congress at G2E

Global Cash Access, Inc. (“GCA”), a wholly owned subsidiary of Global Cash Access, Holdings, Inc. (NYSE: GCA), is pleased to announce its sponsorship of the iGaming Congress to be held at G2E in Las Vegas, October 1st – 3rd.

“We look forward to sharing what we have learned while learning from others at this year’s iGaming Congress at G2E.”

GCA is the market leader in providing cash access products and payment services to the gaming industry and is recognized for successfully developing and deploying technological innovations to increase its customers’ profitability, operational efficiency and patron loyalty. As the bricks and mortar gaming world merges with the online world, GCA has taken significant steps to accommodate the future needs of its customers and achieve the same standard of delivering excellence and innovation.

GCA’s CEO Scott Betts will speak at the iGaming Congress on the panel, Processing Payments: Challenges in US. “We are encouraged by the growing interest and support of iGaming and believe there is significant opportunity to integrate the online gaming experience with the land-based casino business,” commented Scott Betts, Chief Executive Officer of GCA. “We look forward to sharing what we have learned while learning from others at this year’s iGaming Congress at G2E.”

GCA is the first cash access vendor with a Level 1 interactive gaming service provider license approved by the Nevada Gaming Commission. Also, GCA recently announced an exclusive relationship with Live Gamer, developer of a state-of –the-art monetization technology platform powering over 95 million users in 125 countries. The comprehensive platform includes: global payments, e-wallet, catalog management, merchandising, advance anti-fraud, storefronts and analytics. Visit GCA at G2E in Las Vegas, Nevada, October 2 - 4, 2012 Booth #3854 for a live demo.

About GCA

GCA is a leading provider of cash access products and related services to approximately 1,100 casinos, as well as other gaming entities in the United States, Europe, Canada, the Caribbean, Central America and Asia. GCA’s unique gaming products and solutions are best in breed and provide gaming patrons access to cash through a variety of methods, including ATM cash withdrawals, point-of-sale debit card and credit card cash access transactions, check verification and warranty services, and Western Union money transfers. Through Western Money Systems, a wholly owned subsidiary, GCA is a leading manufacturer and distributer of cash handling devices and related software. GCA also provides products and services that improve credit decision-making, automate cashier operations and enhance patron loyalty activities for gaming establishments. With its proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide, GCA is recognized for successfully developing and deploying technological innovations that increase client profitability, operational efficiency and patron loyalty. More information is available at GCA’s website at www.gcainc.com.

 

Contacts

GCA Communications:
Kim A. Pedersen, 702-262-5034
kpedersen@gcamail.com
or
Cory Ziskind, 646-277-1232
Cory.Ziskind@icrinc.com

 

September 13, 2012 04:50 PM Eastern Daylight Time Wireless Seismic entrega el primer sistema RT System 2 a Bay Geophysical

)--Wireless Seismic, Inc., uno de los principales proveedores de sistemas de adquisición de datos sísmicos en tiempo real e inalámbricos, anunció hoy la venta y entrega de su primer sistema de adquisición de datos sísmicos RT System 2 a Bay Geophysical, Inc. Bay, con sede central en Traverse City, Michigan, comenzará a usar el sistema RT System 2 para proyectos de adquisición de datos en 2D y 3D en Michigan e Indiana a partir de principios de octubre.

“Estamos encantados de que el equipo de gerencia de Bay Geophysical haya seleccionado el sistema RT System 2 para actualizar sus capacidades de adquisición de datos sísmicos”

“Bay Geophysical eligió el sistema RT System 2 basándose en su reducida huella sísmica y debido a sus capacidades de retorno de datos sísmicos en tiempo real”, declaró Lee Kurtzweil, presidente de Bay Geophysical. “Otro factor clave en la decisión de Bay de avanzar con el sistema RT System 2 es que puede realizar selección de parámetros de adquisición de datos y control de ruido en tiempo real, que son capacidades críticas para cumplir con nuestras necesidades de aseguramiento/control de calidad”.

“Estamos encantados de que el equipo de gerencia de Bay Geophysical haya seleccionado el sistema RT System 2 para actualizar sus capacidades de adquisición de datos sísmicos”, agregó Mick Lambert, presidente y director de operaciones de Wireless Seismic. “Bay ve la implementación del sistema RT System 2 como una manera de reducir costos y aumentar la eficiencia operativa. Esperamos con ansias trabajar con el personal de Bay para garantizar que estos beneficios se concreten”.

Acerca de Bay Geophysical

Bay Geophysical, Inc. es una compañía consultora y de adquisición de datos geofísicos de servicio completo con base en Traverse City, Michigan, con un núcleo de geofísicos, geólogos e ingenieros experimentados que se especializan en investigaciones del subsuelo.

Acerca de Wireless Seismic

Wireless Seismic, Inc., con sede central en Sugar Land, Texas, diseña y desarrolla un sistema de adquisición de datos sísmicos revolucionario que aprovecha las tecnologías emergentes en las industrias sísmica, inalámbrica y de red mallada. En la actualidad, Wireless Seismic ofrece el único sistema de registro sísmico inalámbrico completamente extensible con adquisición de datos sísmicos en tiempo real.

Para obtener más información, visite www.wirelessseismic.com.

El texto original en el idioma fuente de este comunicado es la versión oficial autorizada. Las traducciones solo se suministran como adaptación y deben cotejarse con el texto en el idioma fuente, que es la única versión del texto que tendrá un efecto legal.

Contacts

Wireless Seismic, Inc.
Patricia Jonesi, 832-532-5012
pjonesi@wirelessseismic.com