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September 13, 2012 04:50 PM Eastern Daylight Time PanAtlantic alcanza profundidad total en Sabia-1X, Cuenca de Santos, mar adentro en Brasil

Vanco Brasil Exploração e Produção de Petróleo e Gas Natural Ltda, una subsidiaria de propiedad total de PanAtlantic Energy Group, anunció que el pozo de exploración Sabia-1X perforado en el bloque BM-S-72 llegó con éxito a una profundidad total de 4200 metros. Los registros de líneas de cable, las presiones del yacimiento y las muestras de fluidos confirman que el pozo penetró hacia varias zonas de interés con hidrocarburos. Durante los próximos meses se llevará a cabo un análisis más detallado para evaluar exactamente el potencial de comercialización. El pozo será abandonado de conformidad con los requisitos de la ANP.

Sabia-1X fue perforado a una profundidad de 195 metros, utilizando el GSF Artic I, una unidad semisumergible de perforación anclada. El equipo se desplazará al prospecto Canario en BM-S-63 a principios de la próxima semana.

PanAtlantic, a través de su filial brasileña Vanco Brasil Exploração e Produção de Petróleo e Gas Natural Ltda (“Vanco Brasil E&P”), tiene actualmente una participación del 70 % en las tres concesiones BM-S-72, BM-S-63 y BM-S-71, junto con Panoro Energy do Brasil Ltda. con 15 % y Brasoil Round 9 Exploração Petrolífera Ltda con 15 %. Como ya se anunció en julio, Vanco Brasil E&P y Ecopetrol Óleo e Gás do Brasil Ltda, una subsidiaria de propiedad total de Ecopetrol S.A., suscribió un acuerdo mediante el cual Ecopetrol Oleo e Gas do Brasil Ltda recibirá de Vanco Brasil E&P una participación del 30 % en tres concesiones, sujeto a la aprobación de la Agencia Nacional de Petróleo ("ANP").

Como se anunció en mayo de 2012, PanAtlantic Energy Group ha logrado reemplazar a Vanco Overseas Energy Group, con el cambio de nombre para reflejar su base de activos y áreas de enfoque principales a lo largo de los márgenes de América Latina y África en el Océano Atlántico. PanAtlantic posee activos de exploración en aguas profundas en Brasil, el oeste de África y el Mar Negro.

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

PanAtlantic Energy Group
Vanco Brasil Exploração e Produção de Petróleo e Gas Natural Ltda.
Fernando Borensztein, Gerente regional
+55 (21) 3266-1350

PR

September 13, 2012 04:55 PM Eastern Daylight Time Fitch Affirms Pfizer's IDR at 'A+'; Outlook Stable

Fitch Ratings has affirmed Pfizer Inc.'s (Pfizer) ratings as follows:

--Issuer Default Rating (IDR) at 'A+'

--Senior unsecured debt at 'A+';

--Bank loan at 'A+';

--Short-term IDR at 'F1';

--Commercial paper at 'F1'.

The Rating Outlook is Stable. The ratings apply to approximately $38.6 billion in outstanding debt.

Acquisition Debt Winds Down

Pfizer has reduced outstanding debt by over $10 billion since the $68 billion acquisition of Wyeth in October 2009. Pacing the long-term debt maturity schedule, total debt leverage and adjusted debt leverage have fallen to 1.31 times (x) and 1.39x, respectively, for the latest 12 month (LTM) period ending 1 July 2012.

Fitch believes that total debt leverage will remain steady through 2013 concomitant with operational pressures from expiring drug patents offset by a further decrease in the debt level from payment of maturing securities. Potential upside to the rating would result from accelerated debt repayment utilizing strong cash flow or proceeds from asset divestitures, resulting gross debt-to-EBITDA below 1.3x.

Patent Cliff Easing

Pfizer is in the midst of a period of significant patent losses that includes the U.S. patent expiration of the world's once best-selling pharmaceutical Lipitor in November 2011. In the first half of 2012 alone, Lipitor sales have eroded by nearly $2.4 billion due to generic drug inroads. Looking out three years, the company's patent cliff is appreciably less daunting given only 14.5% of the company's drug portfolio is at-risk of losing market exclusivity, including the potential loss of market exclusivity for two of its five-bestselling medicines - Celebrex and Enbrel - in 2014. Excluding discontinued operations, Fitch expects revenues to moderate to around $60 billion in 2012 and hover at $54 billion thereafter, excluding the Zoetis Inc. (Zoetis) animal health business, with a compound annual revenue growth rate (CAGR) in 2013 to 2016 at 0.3%. Beyond 2014, the next significant U.S. drug patent expiration is Lyrica in December 2018.

Strong Cash Flow Sustained

Fitch believes that Pfizer will continue to generate superior cash flow despite the top-line pressures from key drug patent exclusivity lapses and expects that operating cash flow will remain above $18 billion through the intermediate term. Pfizer generated free cash flow (operating cash flow less dividends and capital spending) of $8.5 billion generated in the LTM period ending July 1, 2012, representing a strong margin of 13.3%. Fitch sees free cash flow margins above 17% over the next few years despite an increasing dividend.

A cash balance and short-term investments totaling $24.3 billion and long-term investments of $10.5 billion at the end of the second quarter provide further liquidity. The company also had lines of credit totaling $9.1 billion at the end of the second quarter, of which $8.3 billion were unused. Unused lines of credit of $7 billion that expire in 2016 backstop the company's $12 billion commercial paper program. Pfizer has outstanding commercial paper of $2.7 billion at the end of the second quarter.

Margins Supported by Cost Cutting

Fitch recognizes Pfizer's success in extracting costs via organizational restructuring and integration synergies undertaken since 2005, which have benefited margins despite revenue and earnings pressures from the maturing drug portfolio. Accordingly, EBITDA and EBITDAR margins have increased to 45.9% and 46.5%, respectively, for the LTM period ending 1 July 2012 from 44.6% and 45.2% in 2011, and 43.8% and 44.4% in 2010.

Fitch is most concerned with Pfizer's ability to further moderate costs during the second half of 2012, mainly to mitigate the anticipated dramatic fall in Lipitor sales from generic drug competition. Fitch expects moderate compression in margins in 2013 from the current level due to annualizing the Lipitor patent loss, but more meaningful tightening in 2014 from the patent expires of Celebrex and Enbrel.

R&D Spending Drop Parallels Expectations

Pfizer realigned the R&D organization starting in early 2011 to focus on the primary therapeutic areas: immunology and inflammation, oncology, cardiovascular and metabolic diseases, neuroscience and pain, and vaccines. In conjunction, the company set a target to reduce overall spending to $6.5 billion to $7 billion in 2012 (on an adjusted basis), a level below that at Pfizer alone prior to the Wyeth purchase. Over the LTM period at the end of the second quarter, Pfizer spent $7.8 billion on R&D, which represented 12.2% of total revenues. In the first half of 2012, research investment fell to $3.4 billion or 11.3% of company revenues.

Despite the cost cutting, Pfizer has launched three new oncology therapies - Xalkori, Inlyta, and Bosulif - over the past year or so. The recent approval of specialty medicines is a testament to increased research focus on oncology; however, Pfizer still has two highly promising primary care drugs nearing authorization in the U.S. - Eliquis for stroke prevention, and tofacitinib for the oral treatment of rheumatoid arthritis.

Shareholder-Friendly Actions Absorbed

Pfizer's cash flow generation supports its renewed aggressive shareholder-friendly activities after a respite following the Wyeth acquisition. The company first directs capital to share repurchases and uses the return on investment from the buybacks as a measuring stick for bolt-on acquisition activity. In the first half of 2012, Pfizer bought back $3 billion in common equity with the expectation to purchase $5 billion for the full year after purchasing $9 billion of shares during 2011. Additionally, dividends rose at least 10% annually over the past two years to a goal of an average payout ratio of 40% by 2013. Aggressive shareholder-friendly actions can be absorbed by the predicted strong cash flow, in Fitch's opinion.

Guidelines for Further Rating Actions

Positive rating action would be warranted if Pfizer significantly reduces gross leverage via debt reduction in excess of the long-term debt maturity schedule or sustained strong operational performance through the current patent cliff. Gross debt leverage maintained in the range of 1.0x to 1.3x would lead to positive rating action. Proceeds from the sale of the nutrition business and potential spinout of Zoetis directed toward debt reduction would positively affect the rating.

Downward rating action would result from pressure on the operations such that debt reduction efforts are compromised. Operational weakness could stem from lower-than-anticipated results from cost containment initiatives or poorer-than-expected sales performance in light of the maturing drug product portfolio. A transaction in the midst of the patent cliff that places pressure on gross leverage would negatively affect the rating.

Additional information is available at 'www.fitchratings.com'. The ratings above were unsolicited and have been provided by Fitch as a service to investors.

Applicable Criteria and Related Research:

--'Rating Pharmaceutical Companies - Sector Credit Factors' dated Aug. 9, 2012;

--'Corporate Rating Methodology', dated Aug. 8, 2012.

Applicable Criteria and Related Research:

Rating Pharmaceutical Companies

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684459

Corporate Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=684460

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
Primary Analyst
Michael Zbinovec, +1-312-368-3164
Senior Director
Fitch, Inc.
70 West Madison Street
Chicago, IL 60602
or
Secondary Analyst
Bob Kirby, +1-312-368-3147
Director
or
Committee Chairperson
Mike Weaver, +1-312-368-3156
Managing Director
or
Media Relations
Brian Bertsch, New York, +1-212-908-0549
brian.bertsch@fitchratings.com

September 13, 2012 04:57 PM Eastern Daylight Time PerkinElmer e TIBCO Software Anunciam Aliança Estratégica para a Visualização de Dados e Descobertas da TIBCO Spotfire em Certos Mercados Científicos de Pesquisa e Desenvolvimento

)--PerkinElmer, Inc., líder global com foco na melhoria da saúde e segurança da população e do meio ambiente, e TIBCO Software Inc., fornecedora da TIBCO Spotfire® , líder em produtos analíticos e plataforma de descoberta de dados, anunciaram hoje que deram início a um relacionamento estratégico exclusivo.

“Este novo relacionamento é uma notícia excitante aos cientistas que pesquisam. Nosso relacionamento com a PerkinElmer irá permitir a uma comunidade mais extensa se beneficiar da plataforma da TIBCO Spotfire e irá expandir a gama e a profundidade de aplicativos, atendendo às necessidades em rápida evolução da pesquisa científica”

Sob os termos deste novo acordo, a PerkinElmer licenciou os direitos exclusivos a nível mundial à plataforma de software da TIBCO Spotfire em certos mercados científicos de pesquisa e desenvolvimento. Estes mercados incluem aplicativos básicos e de desenvolvimento pré-clínico em ciências biológicas bem como aplicativos de pesquisa e desenvolvimento, qualidade assegurada e controle da qualidade em produtos químicos, petroquímicos, ambientais, alimentícios e de bebidas, artigos de consumo e acadêmicos. Esta aliança irá combinar o conhecimento profundo e intenso de domínio da PerkinElmer bem como suas soluções com as capacidades analíticas da TIBCO Spotfire a fim de fornecer um conjunto de soluções analíticas mais amplo e rico para o mercado de pesquisa. Como resultado, a PerkinElmer terá a responsabilidade pelo crescimento e prestação de serviços em negócios da TIBCO Spotfire nestes mercados.

"O modo como os cientistas capturam e visualizam seus dados através da plataforma da TIBCO Spotfire é fundamental para saber como os cientistas conduzem seus trabalhos. A Spotfire é uma ferramenta de análise crítica para a comunidade de pesquisa e desenvolvimento, complementando as ofertas de produtos de informática da PerkinElmer ao acrescentar a pesquisa e visualização de dados, que estão entre os requisitos de maior pressão nos negócios de ciências biológicas, diagnósticos e laboratórios ambientais a nível mundial," disse Mike Stapleton, gerente geral do departamento de informática na PerkinElmer. "Por meio deste relacionamento estratégico, estamos muito empolgados em oferecer aos cientistas um pacote completo de geração e gerenciamento de dados bem como análise e visualização de dados, a fim de melhor aproveitar a informação para mais ideias e decisões. A interoperabilidade do E-Notebook da PerkinElmer com a plataforma da TIBCO Spotfire coloca à disposição todas as informações em um único lugar aos nossos clientes."

Um dos maiores desafios atuais para os cientistas é o volume e a diversidade de dados que necessitam capturar e analisar a fim de tomar decisões inteligentes e equilibradas, as quais impactam os esforços de inteligência em pesquisas e negócios. A plataforma TIBCO Spotfire auxilia a completar o fluxo de trabalho na análise ao adicionar a interpretação de dados em tempo real à existência de geração de dados e ferramentas de conjunto. A ferramenta de visualização de dados permite aos pesquisadores visualizar e compartilhar dados instantaneamente em uma empresa com o fim de descobrir oportunidades, evitar riscos e antecipar tendências. Esta solução pode ser aplicada a quase todo tipo de ciência, com possibilidade de analisar dados a partir de qualquer plataforma de instrumentos via virtual.

"Este novo relacionamento é uma notícia excitante aos cientistas que pesquisam. Nosso relacionamento com a PerkinElmer irá permitir a uma comunidade mais extensa se beneficiar da plataforma da TIBCO Spotfire e irá expandir a gama e a profundidade de aplicativos, atendendo às necessidades em rápida evolução da pesquisa científica," disse Christian Marcazzo, codiretor da Global Life Sciences for Spotfire na TIBCO Software Inc.

Para mais informação, visite www.perkinelmer.com/informatics.

A PerkinElmer é uma empresa líder na prestação de serviços de descoberta, cooperação e soluções corporativas inteligentes, software de desktop, bancos de dados científicos e serviços de consultoria às indústrias farmacêuticas, biotecnológicas e químicas. A empresa oferece soluções corporativas, software de desktop, bancos de dados científicos, bem como serviços profissionais para biotecnologia, descoberta de drogas e pesquisa de produtos químicos, incluindo software, bancos de dados e sites que permitem aos clientes criar, analisar e comunicar informações científicas, químicas e biológicas de modo mais eficaz. Saiba mais sobre nossas soluções em informática em www.perkinelmer.com/informatics.

Sobre a PerkinElmer, Inc.

A PerkinElmer, Inc. é líder global com foco na melhoria da saúde e segurança da população e do meio ambiente. A empresa registrou receitas ao redor de US$ 1,9 bilhão em 2011, tem cerca de 7.000 empregados prestando serviços a clientes em mais de 150 países, sendo uma integrante da S&P 500 Index. Informações adicionais estão disponíveis pelo telefone 1-877-PKI-NYSE, ou em www.perkinelmer.com

Sobre a TIBCO

A TIBCO Software Inc. (NASDAQ: TIBX) é uma prestadora de software de infrastrutura para empresas utilizarem no local ou como parte de ambientes de computação em nuvem. Sejam exigências eficientes ou processamento comercial, produtos de venda cruzada baseados no comportamento do cliente em tempo real, ou que evitem uma crise antes que ela aconteça, a TIBCO fornece às empresas a vantagem imediata TM – a capacidade de capturar a informação correta, no tempo certo e aproveitá-la preventivamente para uma vantagem competitiva. Mais de 4.000 clientes em todo o mundo contam com a TIBCO para gerenciar informações, decisões, processos e aplicativos em tempo real. O TIBCO Spotfire® é o software analítico em memória da empresa para a inteligência de negócios da próxima geração. Ao oferecer uma experiência visual e interativa, o Spotfire® auxilia os profissionais a descobrirem rapidamente ideias novas e práticas na informação. Saiba mais em http://spotfire.tibco.com.

TIBCO, TIBCO Software, TIBCO Spotfire e Spotfire são marcas comerciais ou registradas da TIBCO Software Inc. ou suas subsidiárias nos EUA e/ou outros países. Todos os outros produtos bem como nomes de empresas e marcas mencionadas neste documento são de propriedade de seus respectivos proprietários, sendo citados apenas para fins de identificação.

Fotos / galeria multimídia disponível: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50407284&lang=pt

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

Edelman (em nome da PerkinElmer, Inc.)
Amanda Lazaro Connolly, 404-832-6785
Amanda.Connolly@edelman.com

September 13, 2012 04:57 PM Eastern Daylight Time MetLife and Corporate Responsibility: Building Blocks to a Secure Future for a Global Community

One World: One MetLife, the 2011 Corporate Responsibility Report recently released by MetLife, Inc. (NYSE: MET) reaffirms the company’s long history of incorporating corporate responsibility throughout its operations. From addressing climate change to serving customers and communities around the world, MetLife carries on a legacy of giving back, being a responsible steward and leading the way as it grows as a global company.

MetLife was built on a foundation of protecting its policyholders and the communities where it operates, with corporate responsibility a fundamental cornerstone of that mission. As MetLife expands globally, so too does its commitment to operating responsibly; a commitment it has been honoring for more than 140 years.

To read One World: One MetLife visit: http://www.metlife.com/about. Highlights include:

  • Reduced carbon emissions by more than 90% since 2005 for owned and occupied U.S. office facilities and purchased 53% of its overall electricity from renewable energy sources;
  • Invested more than $2.2 billion in renewable energy projects, including wind and solar farms and more than $550 million in affordable housing and community development investments;
  • Celebrated 35 years of giving through MetLife Foundation. In 2011, the Foundation contributed $42 million to more than 300 nonprofit organizations around the world, helping to meet the growing need for their services;
  • Recognized for its industry leadership, environmental stewardship and as a best place to work by a variety of organizations;
  • MetLife employees volunteered with nonprofit organizations in every region of the world, making a difference every day in the communities where they live and work.

About MetLife

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

 

Contacts

MetLife, Inc.
Peggy Atherlay, 212-578-1525
matherlay@metlife.com

September 13, 2012 04:59 PM Eastern Daylight Time Continuity Forum da abc* Foundation traz líderes globais para Miami

A Americas Business Council (abc*) Foundation, uma organização sem fins lucrativos que reúne líderes de grande impacto e organizações para confrontar as questões sociais e ambientais mais prementes nas Américas, vai sediar o Continuity Forum da abc*2012 em Miami, de 12 a 14 de Novembro, no Ritz-Carlton Coconut Grove. O fórum, agora em seu segundo ano, fornece uma plataforma aos empreendedores sociais mais inovadores nas Américas para compartilharem o trabalho de suas organizações com outros que estão motivados a fazer uma mudança positiva na região.

Os palestrantes confirmados para o Continuity Forum da abc* 2012 incluem Kofi Annan, antigo secretário geral das Nações Unidas; Jessica Jackley, cofundadora da Kiva.org; Jeb Bush, antigo governador da Flórida e fundador e presidente da Foundation for Excellence in Education; e Wayne Pacelle, presidente e diretor executivo da The Humane Society dos Estados Unidos.

O Continuity Forum da abc* 2012 tem parceria com a Ashoka, a maior associação mundial de empreendedores sociais, e a Innovadores de America, uma organização que recompensa os indivíduos pelas suas realizações sociais, científicas, comerciais e culturais superiores na América Latina. Das 117 iniciativas rigorosamente pré-selecionadas por estas duas organizações, a abc* Foundation selecionou 35 para serem apresentadas no Continuity Forum de 2012.

As organizações Ashoka Fellows e Innovadores de Americas irão apresentar programas já em curso nas Américas que têm potencial para criar uma transformação positiva na região. Na conclusão do fórum, a abc* Foundation irá selecionar três projetos para receber financiamento e consultoria prática, bem como suporte de mídia e marketing durante dois anos, para ajudá-los a atingir sua capacidade máxima.

O Continuity Forum da abc*2012 é uma iniciativa da abc* Foundation, uma organização sem fins lucrativos, copresidida por Emilio Azcárraga, presidente do Grupo Televisa; Angélica Fuentes, diretora executiva do Grupo Omnilife; Jorge Vergara, presidente e fundador do Grupo Omnilife e proprietário do time de futebol Las Chivas; Guillermo Romo, presidente do Grupo Mega; e Mario Scarpetta, diretor da Inversiones Argos.

Palestrantes ilustres de fóruns da abc* anteriores incluem Al Gore, Alan Greenspan, David Axelrod, o arcebispo Desmond Tutu, Jane Goodall, Mikhail Gorbachev e Sir Richard Branson.

Detalhes completos do evento podem ser encontrados em: http://www.abccontinuityforum.org. Sigam-nos no Twitter (@abc_foundation) para notícias e atualizações do Continuity Forum da abc* 2012; participe da conversa on-line usando o Twitter hashtag #abcforum. O aplicativo do Continuity Forum da abc* 2012, disponível na App Store da Apple e Google Play Store, chegará em breve.

Sobre a Americas Business Council Foundation

A Americas Business Council (abc*) Foundation é um grupo de ação-reflexão que busca promover a paz, sustentabilidade e prosperidade, fomentando a discussão com os líderes das Américas sobre os desafios sociais e ambientais mais urgentes que o mundo enfrenta, e apresentando oportunidades para participarem de iniciativas orientadas por impacto, que fornecem soluções tangíveis. Fundada em 2008, a abc* Foundation oferece uma plataforma aos líderes emergentes da região para usarem sua influência, redes e recursos para trazer mudanças positivas e duradouras. A organização foi fundada por quatro prestigiosos copresidentes latino-americanos - - Emilio Azcárraga, presidente e diretor executivo do Grupo Televisa; Guillermo Romo, presidente e fundador do Grupo Mega; Angélica Fuentes, diretora executiva do Omnilife; e Jorge Vergara, presidente e fundador do Omnilife e proprietário do time de futebol ‘Las Chivas’. Mario Scarpetta, diretor da Inversiones Argos, também recentemente, juntou-se à organização como copresidente. Para outras informações, acesse www.abcfound.org.

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

Para abc* Foundation
Paul Wiseman, +1 (305) 860-1000, ramal 124
pwiseman@jeffreygroup.com

September 13, 2012 04:59 PM Eastern Daylight Time Delphi Announces New $750 Million Share Repurchase Program

Delphi Automotive (NYSE: DLPH) today announced that its Board of Directors has authorized a new share repurchase program of up to $750 million of Delphi’s outstanding ordinary shares. This program follows the completion of $300 million of share repurchases under Delphi’s previously announced share repurchase program that commenced in January 2012.

“We are pleased to have the financial flexibility to opportunistically allocate our capital to this share repurchase program while maintaining our focus on driving growth and executing on our strategy. This action demonstrates our commitment to further delivering shareholder value while maintaining our investment grade credit metrics.”

“Today’s announcement highlights both our strong balance sheet and free cash flow generation,” said Kevin Clark, senior vice president and chief financial officer of Delphi. “We are pleased to have the financial flexibility to opportunistically allocate our capital to this share repurchase program while maintaining our focus on driving growth and executing on our strategy. This action demonstrates our commitment to further delivering shareholder value while maintaining our investment grade credit metrics.”

Under the program, Delphi is authorized to repurchase up to $750 million of its outstanding ordinary shares. The timing and amount of any share repurchases will be determined based on market conditions, share price and other factors. Repurchases may be made in the open market or in privately negotiated transactions.

About Delphi

Delphi Automotive (NYSE: DLPH) is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments. Operating major technical centers, manufacturing sites and customer support facilities in 30 countries, Delphi delivers real-world innovations that make products smarter and safer as well as more powerful and efficient. Connect to innovation at www.delphi.com.

Forward-Looking Statements

This press release, as well as other statements made by Delphi Automotive PLC (the “Company”), contain forward-looking statements that reflect, when made, the Company’s current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company’s operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company’s strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.

 

Contacts

Delphi Automotive
INVESTOR CONTACT:
Jack Monti – 248.813.2385
jack.monti@delphi.com
or
MEDIA CONTACT:
Lindsey Williams - 248.813.2528
lindsey.c.williams@delphi.com

September 13, 2012 05:00 PM Eastern Daylight Time Concho Resources Inc. Announces Participation in Upcoming Conference

Concho Resources Inc. (NYSE: CXO) (the "Company") today announced its upcoming participation at IPAA OGIS San Francisco on Wednesday, September 26th at 8:55 AM PDT. The presentation will be available on Concho's website, www.concho.com. Additionally, the presentation will be webcast and can be accessed through the Company’s website.

About Concho Resources Inc.

Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's operations are focused in the Permian Basin of Southeast New Mexico and West Texas. For more information, visit Concho’s website at www.concho.com.

 

Contacts

Concho Resources Inc.
Price Moncrief, 432-683-7443
Vice President of Capital Markets and Strategy

September 13, 2012 05:00 PM Eastern Daylight Time Broadwind Energy Regains Compliance with NASDAQ Minimum Bid Listing Requirement

Broadwind Energy, Inc. (NASDAQ: BWEN) announced today that on September 10, 2012 it received notice from NASDAQ indicating that it had regained compliance with the minimum bid price requirement for continued inclusion of its common stock on The NASDAQ Capital Market.

About Broadwind Energy, Inc.

Broadwind Energy (NASDAQ: BWEN) applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, oil and gas and mining applications to wind towers, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services, and industrial weldments, we have solutions for the energy needs of the future. With facilities throughout the U.S., Broadwind Energy's talented team of 800 employees is committed to helping customers maximize performance of their investments—quicker, easier and smarter. Find out more at www.bwen.com.

Forward-Looking Statements

This news release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995-that is, statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "anticipate," "believe," "intend," "expect," "plan," "will" or other similar words. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company's forward looking statements may include or relate to the Company's compliance with the listing requirements of the NASDAQ Capital Market, including the minimum bid price rule; the Company's plans to grow its business and its expectations regarding the execution of its strategic transformation and its operations, revenue growth, profitability and the business of its customers; the Company's expectations regarding its plan to restructure its operations by consolidating its operations; the Company's execution of its tower production schedule and the effect of such production on the Company's inventory and working capital levels as well as the sufficiency of the Company's working capital; the Company's expectations regarding the state of the wind energy market, and the regulatory frameworks affecting the wind energy industry, as well as the Company's expectations relating to the economic downturn and the potential impact on its business and the business of its customers. For further discussion of risks and uncertainties, individuals should refer to the Company's SEC filings. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Contacts

Broadwind Energy, Inc.
John Segvich, 630-995-7137
john.segvich@bwen.com

September 13, 2012 05:06 PM Eastern Daylight Time Time Warner Cable’s COO Rob Marcus to Participate in the Goldman Sachs Communacopia Conference

Time Warner Cable Inc. (NYSE:TWC) today announced that its President and Chief Operating Officer Rob Marcus will participate in the Goldman Sachs Communacopia Conference on Wednesday, September 19, 2012 in New York City.

Mr. Marcus’s remarks are expected to begin at approximately 8:00am ET. An audio Webcast will be available online at http://www.twc.com/investors.

To listen to the live Webcast, please go to the Web site at least 15 to 20 minutes prior to the start to register, as well as download and install any necessary software. Also, an archive of the Webcast will be posted on http://www.twc.com/investors and will run through midnight ET October 10, 2012.

About Time Warner Cable

Time Warner Cable Inc. (NYSE: TWC) is among the largest providers of video, high-speed data and voice services in the United States, connecting more than 15 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and, through its NaviSite subsidiary, managed and outsourced information technology solutions and cloud services. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at www.twc.com, www.twcbc.com, www.navisite.com, and www.twcmedia.com.

 

 

Contacts

Time Warner Cable Inc.
Corporate Communications
Alex Dudley, 212-364-8229
or
Justin Venech, 212-364-8242
or
Investor Relations
Tom Robey, 212-364-8218
or
Laraine Mancini, 212-364-8202

September 13, 2012 05:06 PM Eastern Daylight Time Retail Properties of America, Inc. Announces Two New Leases with ULTA Beauty

Retail Properties of America, Inc. (NYSE: RPAI) announced today that two of its subsidiaries signed leases with ULTA Beauty including a 10,070-square-foot lease at Governor’s Marketplace in Tallahassee, FL and a 15,407-square-foot lease at Plaza Santa Fe in Santa Fe, NM.

“The completion of these transactions further highlights our proactive approach to the asset management and leasing of our properties”

“The completion of these transactions further highlights our proactive approach to the asset management and leasing of our properties,” said Maria Pope Toliopoulos, vice president and director of leasing for Retail Properties of America, Inc.

Governor’s Marketplace is a 243,107-square-foot power center located in Tallahassee, FL minutes away from Florida State University with easy access from US-90 and US-27 at Magnolia Drive. ULTA Beauty will join Bed Bath & Beyond, Sports Authority, Marshalls, Michaels, Old Navy and Petco.

Plaza Santa Fe is a 224,223-square-foot power center ideally located along the premier retail corridor in Santa Fe, NM. The high traffic center is anchored by Michaels, Best Buy, TJ Maxx and PetSmart.

About RPAI

Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers across 35 states. The company is one of the largest owners and operators of shopping centers in the United States. The company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the company is available at www.rpai.com.

About ULTA Beauty

ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. ULTA Beauty provides affordable indulgence to its customers by combining unmatched product breadth, value and convenience with the distinctive environment and experience of a specialty retailer. ULTA Beauty offers a unique combination of over 20,000 prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. ULTA Beauty also offers a full-service salon in all of its stores. As of April 28, 2012, the Company operates 467 retail stores across 44 states and also distributes its products through the Company’s website: www.ulta.com.

Forward-Looking Statements

The statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “goal,” “initiative,” “likely,” “anticipate,” and “probable,” or the negative thereof or other variations thereon or comparable terminology, constitute “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, and are subject to the safe harbors created thereby. These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to, that the closing of the aforementioned offering is subject to, among other things, standard closing conditions and customary rights of the underwriters to terminate the underwriting agreement due to any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis, either within or outside the United States, and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

Contacts

Retail Properties of America, Inc.
Cherilyn Megill, 630-645-7247
Cherilyn.Megill@rpai.com

September 13, 2012 05:08 PM Eastern Daylight Time Lavante Moderates Panels at Canada 2012 Financial Operations Symposium

Lavante, the leading provider of on-demand supplier management and audit recovery solutions, today announced that it will lead sessions on supplier portals and Accounts Payable at Canada 2012 – Financial Operations Symposium from Sept. 16 – 18, 2012 at The Fairmont Royal York, Toronto, Canada. Lavante, a sponsor of the show, will also exhibit its advanced solutions, which allow companies to quickly drive dollars to the bottom line, improve supplier communications, and ensure high supplier data quality.

“The conference will feature critical issues facing today’s companies, including the key strategies for improving financial operations efficiency and effectiveness, as well as the latest technologies, processes and tools available in today’s market.”

Lavante will lead the following sessions at the conference:

  • Supplier Portals 101: How to Implement an Effective Supplier Information Management System – Moderated by Aloke Bhandia, Lavante Senior Director, Product Management, on Tuesday, Sept. 18, 9:40-10:30am EDT
  • The Future of Accounts Payable – Is Now – Moderated by Bob Cohen, Basware Vice President, North America; and Jeff Wiest, Lavante Senior Solutions Consultant, on Monday, September 17, 2:00 - 2:50 pm EDT

“We are pleased to play an active role in the Financial Operations Symposium and share our insights into supplier relationship management and Accounts Payable,” said Joe Flynn, CEO & co-founder, Lavante. “The conference will feature critical issues facing today’s companies, including the key strategies for improving financial operations efficiency and effectiveness, as well as the latest technologies, processes and tools available in today’s market.”

The Canadian Financial Operations Symposium in 2012 focuses on visionary concepts and proven best practices in the financial operations disciplines of accounts payable, accounts receivable, payments and purchase to pay (P2P). For more information about the conference please visit http://www.financialops.org/web/conferences/canadian-symposium-20121

About The Institute of Financial Operations

The Institute of Financial Operations, headquartered in Orlando, Fla., with offices in Boston and London, serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations around the world. Its products and services are particularly focused on accounts payable, accounts receivable, and information management/data capture. Its offerings include conferences and events, networking groups and communities, volunteer opportunities, online tools and other leading-edge resources, professional guidance and standards, educational offerings including e-learning, and certification.

About Lavante

Lavante is the leader in on-demand supplier management solutions, including recovery audit and supplier information management applications. Built with advanced, patented-pending technology, Lavante delivers to the financial arena a new standard in efficient technology-driven solutions that allow companies to quickly drive dollars to the bottom line, improve supplier communications, and assure high supplier data quality. Lavante solutions are deployed across Fortune 1000 enterprises including the hospitality, retail, entertainment, manufacturing, and medical industries. Headquartered in San Jose, California, Lavante is privately held and was founded in 2001. For more information please visit www.lavante.com.

© 2012 Lavante, Inc.

Contacts

Pardes Communications, LLC
Diane Pardes, 781-652-8059
dpardes@pardescommunications.com
Linda Pendergast-Savage, 508-224-7905
Pendergast[at]pardescommunications.com

 

September 13, 2012 05:08 PM Eastern Daylight Time Fitch Publishes Utilities, Power, Gas and Midstream Energy Monthly Rating Report

Fitch Ratings has published the North American Utilities, Power, Gas and Midstream Energy (UPG) Group's monthly Utility, Power Gas, and Midstream Energy summary for August 2012.

This report describes the various rating actions taken in the UPG universe and provides links to pertinent research, special reports, comments, events, graphs of sector rating trends and an analyst coverage list.

The report can be found on Fitch's website at 'www.fitchratings.com'.

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

Applicable Criteria and Related Research: Utilities, Power, Gas, and Midstream Energy Monthly Summary -- August 2012

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688533

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
Glen Grabelsky, +1-212-908-0577
Managing Director
One State Street Plaza
New York, NY 10004
or
Daniel Neama, +1-212-908-0561
Associate Director
or
Media Relations:
Brian Bertsch, New York, +1 212-908-0549
brian.bertsch@fitchratings.com

September 13, 2012 05:13 PM Eastern Daylight Time ZaZa Energy Regains NASDAQ Compliance

ZaZa Energy Corporation (“the Company” or “ZaZa”) (NASDAQ: ZAZA) announced that it has received a letter from The NASDAQ Stock Market LLC ("NASDAQ") notifying the Company that with the September 13, 2012, filing of the Company's Form 10-Q for the period ended June 30, 2012, NASDAQ has determined that the Company complies with Listing Rule 5250(c)(1), which requires the timely filing of SEC periodic reports.

“We are pleased to regain full compliance with NASDAQ’s continued listing standards. This is a pivotal step that allows us to focus on our ongoing strategic review to identify a joint venture partner, exploit our acreage positions in the Eagle Ford and Eaglebine resource basins and create value for stockholders.”

Todd A. Brooks, President and Chief Executive Officer, said, “We are pleased to regain full compliance with NASDAQ’s continued listing standards. This is a pivotal step that allows us to focus on our ongoing strategic review to identify a joint venture partner, exploit our acreage positions in the Eagle Ford and Eaglebine resource basins and create value for stockholders.”

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 05:16 PM Eastern Daylight Time Wireless Seismic entrega o primeiro RT System 2 para a Bay Geophysical

)--Wireless Seismic, Inc., provedora líder de sistemas de aquisição de dados sísmicos em tempo real sem cabo, anunciou hoje a venda e entrega do seu primeiro sistema de aquisições de dados sísmicos RT System 2 para a Bay Geophysical, Inc. Bay, com sede em Traverse City, Michigan, que começará a usar o RT System 2 para projetos de aquisição 2D e 3D em Michigan e Indiana a partir do início de outubro.

“A Bay Geophysical escolheu o RT System 2 com base na sua reduzida área de cobertura sísmica e por seus recursos de retorno de dados sísmicos em tempo real”

“A Bay Geophysical escolheu o RT System 2 com base na sua reduzida área de cobertura sísmica e por seus recursos de retorno de dados sísmicos em tempo real”, declarou Lee Kurtzweil, presidente da Bay Geophysical. "Outro fator essencial da decisão da Bay de avançar com o RT System 2 é que ele pode executar seleção de parâmetro de aquisição em tempo real e monitoramento de ruído, que são capacidades fundamentais para atender nossas necessidades de QA/QC".

"Estamos entusiasmados com a escolha da equipe de gestão da Bay Geographical do RT System 2 para atualizar sua capacidade de aquisição sísmica, acrescentou Mick Lambert, presidente e diretor de operações da Wireless Seismic. "A Bay vê a instalação do RT System 2 como uma forma de reduzir custos e aumentar a eficiência operacional. Esperamos trabalhar com o pessoal da Bay para garantir que esses benefícios sejam realizados".

Sobre a Bay Geophysical

A Bay Geophysical, Inc. é uma empresa de consultoria e aquisição de dados geofísicos de serviços completos com sede em Traverse City, Michigan, e um conjunto de geofísicos, geólogos e engenheiros experientes, especializados em pesquisas de subsuperfície.

Sobre a Wireless Seismic

A Wireless Seismic, Inc., com sede em Sugar Land, Texas, desenha e desenvolve um sistema revolucionário de aquisição de dados sísmicos que aproveita as tecnologias emergentes nas indústrias de redes, sem fio e sísmicas. Atualmente, a Wireless Seismic oferece o único sistema de registro sísmico sem fio inteiramente escalável da indústria, com aquisição de dados sísmicos em tempo real.

Para obter mais informações, acesse www.wirelessseismic.com.

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

Wireless Seismic
Patricia Jonesi, +1 (832) 532-5012
pjonesi@wirelessseismic.com

September 13, 2012 05:17 PM Eastern Daylight Time L-3 Communications Initiates Redemption of All of Its Remaining Outstanding 6⅜% Senior Subordinated Notes Due 2015

L-3 Communications Holdings, Inc. (NYSE: LLL) announced today that L-3 Communications Corporation, its wholly owned subsidiary, has initiated a redemption of its remaining outstanding $250 million of 6⅜% Senior Subordinated Notes due in 2015 (the “Notes”).

The Notes will be redeemed on October 15, 2012 (the “Redemption Date”), at a redemption price of 101.063% of the principal amount thereof, plus accrued and unpaid interest, to but not including the Redemption Date. On or before October 15, 2012, the Notes should be presented to The Bank of New York Mellon, as paying agent for the redemption, at the address set forth in the Notice of Redemption for the Notes. The Notice of Redemption for the Notes was sent to all registered holders on September 13, 2012. Interest on the Notes will cease to accrue on and after the Redemption Date and the only remaining right of holders of the Notes is to receive payment of the redemption price upon surrender to the paying agent, plus accrued and unpaid interest, to but not including the Redemption Date.

In connection with the redemption of the Notes, the company will record a debt retirement charge of approximately $5 million ($3 million after income taxes, or $0.03 per diluted share) in the fourth quarter of 2012.

This press release shall not constitute a notice of redemption of the Notes.

Headquartered in New York City, L-3 employs approximately 51,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and national security solutions. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms.

To learn more about L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website and is readily accessible.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.

 

Contacts

L-3 Communications
Corporate Communications
212-697-1111

 

September 13, 2012 05:20 PM Eastern Daylight Time Fitch Rates Chase Issuance Trust, Class A (2012-5) and Class A (2012-6); Outlook Stable

Fitch Ratings assigns the following ratings to Chase Issuance Trust, class A (2012-5) and class A (2012-6):

--$1,150,000,000 class A (2012-5) 'AAAsf'; Outlook Stable;

--$700,000,000 class A (2012-6) 'AAAsf'; Outlook Stable.

The presale report is available to all investors on Fitch's website at 'www.fitchratings.com'. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than 20 asset classes, contact product sales at +1-212-908-0800 or at 'webmaster@fitchratings.com'.

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:

--'Global Credit Card ABS Rating Criteria' (June 22, 2012);

--'Global Structured Finance Rating Criteria' (June 6, 2012).

Applicable Criteria and Related Research:

Global Credit Card ABS Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=681533

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

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
Primary Analyst
Lauren Tierney, +1 212-908-9168
Associate Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
John Alberici, +1 212-908-0370
Analyst
or
Committee Chairperson
Cynthia Ullrich, +1 212-908-0609
Senior Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com

September 13, 2012 05:20 PM Eastern Daylight Time Fitch Assigns Initial IDR of 'BB' to Ladder Capital; Outlook Stable

Fitch Ratings has assigned initial credit ratings to Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corporation (collectively, Ladder or the company) as follows:

--Issuer Default Ratings (IDR) 'BB';

--$300 million senior unsecured debt due 2017 'BB (exp)'.

The Rating Outlook is Stable.

The IDRs are supported by Ladder's experienced management team, conservative leverage profile, strong credit and operating trends, and adequate liquidity. Rating constraints include the company's predominantly secured funding profile, with a heavy reliance on short-term funding, limited operating history and revenue diversity, 'key man' risk, and the cyclicality inherent in commercial real estate markets.

The 'BB' rating reflects Ladder's low leverage, measured as debt to equity, of 1.6x at both year-end 2011 and at June 30, 2012. The company expects to issue $300 million of senior unsecured debt in the near future, and management has articulated a leverage target between 2.0x - 3.0x pro forma for the debt issuance, which compares favorably to Fitch-rated commercial and consumer finance peers.

Credit concerns center on Ladder's funding profile, as the company currently uses short- and medium-term secured facilities to finance its loans and securities investments. This strategy could potentially reduce the company's financial flexibility in times of stress. Partially mitigating this risk is the fact that Ladder has historically drawn amounts well below stated advance rates, which provides the company with excess borrowing capacity if needed or a cushion against market value declines or decreasing advance rates.

Ladder's liquidity profile is enhanced by its high quality and liquid CMBS and agency securities portfolio, which comprised 58.4% of total assets as of June 30, 2012. However, the portfolio is financed by short-term committed and uncommitted repo facilities. Unencumbered securities and loans and unrestricted cash were $499.3 million at June 30, 2012, providing the company with an adequate degree of contingent liquidity.

Ladder's capital base is solid and backed by several institutional investors and its management. Equity as a percentage of assets was 37.4% at June 30, 2012, which Fitch views as strong, particularly considering the high proportion of liquid assets on the balance sheet. Due to its private ownership, the company is not pressured for short-term earnings growth; however, Fitch also acknowledges that the company's institutional and private equity ownership may seek to monetize their investments at some point in the future, which could change the investor base and management's current patient and balanced approach to operating the company.

In a relatively short time period, Ladder has increased its market share in the CMBS conduit securitization market to become the ninth largest contributor of $5 million to $75 million loans to CMBS securitizations between 1Q'10 and 1Q'12. Fitch attributes this growth to Ladder's experienced management team and favorable commercial real estate markets since the company's inception. Ladder's focus on the commercial mortgage market, through conduit origination or direct investment, does translate into somewhat of a monoline business focus, which limits revenue diversity and leaves Ladder exposed to volatility in the commercial mortgage markets.

Ladder operates with a 'zero loss tolerance' policy and has established tight origination and underwriting practices. The loan portfolio has performed exceptionally well with no losses since inception.

Fitch has assigned a 'BB' expected rating to Ladder's $300 million senior unsecured notes due 2017, which are expected to be jointly issued by Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corporation, a wholly-owned subsidiary of Ladder Capital Finance Holdings LLLP. The securities are expected to feature an optional redemption at the issuers' option, subject to make-whole provisions. The securities are also expected to be subject to early redemption in the event of a change of control and a downgrade of one or more notches as a result of the change in control, unless the company is rated investment grade.

In the absence of the expected $300 million senior unsecured notes offering, Fitch would expect to downgrade Ladder's IDR to 'BB- ' from 'BB', reflecting the company's limited existing financial flexibility as a secured borrower.

The following factors may have a positive impact on Ladder's ratings and/or Outlook:

--Improved funding profile with more longer-term financing sources;

--A material decline in short-term funding;

--Stronger unencumbered liquidity levels;

--Consistent and sustained profitability and credit performance through multiple market environments, while maintaining a conservative leverage posture;

The following factors may have a negative impact on Ladder's ratings and/or Outlook:

--Deterioration in asset quality;

--Material operating losses;

--A reduction in liquidity relative to outstanding debt;

--An increase in leverage beyond the company's articulated target.

--Material adverse changes to the company's management team.

Additional information is available on 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:

--'Finance and Leasing Companies Criteria' (Dec. 12, 2011);

--'Global Financial Institutions Rating Criteria, (Aug. 15, 2012);

--'Criteria for Rating U.S. Mortgage REITs and Similar Finance Companies' (Feb. 27, 2012).

Applicable Criteria and Related Research:

Finance and Leasing Companies Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=659834

Global Financial Institutions Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686181

Criteria for Rating U.S. Mortgage REITs and Similar Finance Companies

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=671870

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
Primary Analyst:
Mohak Rao, CFA, +1-212-908-0559
Director
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Sean Pattap, +1-212-908-0642
Senior Director
or
Committee Chairperson:
Nathan Flanders, +1-212-908-0827
Managing Director
or
Media Relations:
Sandro Scenga, New York, +1 212-908-0278
sandro.scenga@fitchratings.com

September 13, 2012 05:21 PM Eastern Daylight Time Source Technologies introduceert twee nieuwe thermische barcode printers-Stp.115S en Stp.1725

Source Technologies, een toonaangevende leverancier van gespecialiseerde printoplossingen kondigde twee nieuwe thermische barcode printers aan. Ontworpen met de kwaliteit van wereldniveau die al met de huidige modellen is bereikt, onderscheiden de STp.1115s en STp.1725 zich door een toegenomen printresolutie en grotere breedte capaciteit.

“Met de overweldigende acceptatie van onze nieuwe Performance Series productlijn, verheugen wij ons in het uitbrengen van twee nieuwe modellen waardoor ons productaanbod een groter scala aan applicatieoplossingen beslaat”

Na het zetten van een nieuwe maatstaf met de aankondiging in 2011 van de STp.1120n thermische barcode printer met een toonaangevend ontwerp, is Source Technologies doorgegaan met innovatie in 2012 met het toevoegen van de STp.1115 en STp.1125 eerder dit jaar en nu met de toevoeging van de nieuwste modellen.

Verbeteringen in de Performance Series zijn onder meer betere standaard functies, een zeer betrouwbaar platform, duurzaamheid en een printertaal, PCL5e, die industriële standaard is, hetgeen voor naadloze integratie in nieuwe en bestaande systemen zorgt. Het gebruik van PCL maakt het voor de printer mogelijk om 50 interne schaalbare lettertypen te gebruiken en maakt de uitdagingen die vaak gepaard gaan met merkgebonden talen gemakkelijker.

De STp.1115s wordt standaard geleverd met een 600 dpi printkop waardoor het ideaal is voor het printen van kleine etiketten voor elektronica, sieraden, medische flesjes, enz. Met een toegenomen snelheid van 10 ips en een printbreedte van 6 inch, is de STp.1725 perfect geschikt voor industriële omgevingen waaronder textiel, verzending/ontvangst, logistiek en transport.

"Met de overweldigende acceptatie van onze nieuwe Performance Series productlijn, verheugen wij ons in het uitbrengen van twee nieuwe modellen waardoor ons productaanbod een groter scala aan applicatieoplossingen beslaat," aldus Doug Salvador, VP marketing. "De toevoeging van deze modellen toont onze toewijding om tegemoet te komen aan de eisen van onze partners en klanten voor 600 dpi printresolutie en grotere drukbreedte. Wij zullen doorgaan met het introduceren van nieuwe, eenvoudig te gebruiken producten die bieden wat onze klanten verlangen; betrouwbaarheid en performance tegen een betaalbare prijs."

ST Performance Series printers bieden:

  • STp.1115s – 600 dpi printresolutie, 6 ips printsnelheid, automatische drukaanpassing van de printkop, ontworpen voor het afdrukken van etiketten met een hoge resolutie
  • STp.1725 – 10 ips printsnelheid, 6 inch drukbreedte, ongeëvenaarde betrouwbaarheid, voor bedrijfskritische toepassingen met een hoog volume voor bredere etiketten
  • Standaard functies voor alle modellen in de Performance Series zijn onder andere:
    • Intuïtief grafisch kleuren touchscreen
    • Automatisch laden van etiketten
    • Automatische instelling van lint en etiketten
    • USB- en Ethernet-connectiviteit
    • Constante lintdruk
    • 32MB flash-geheugen, 64MB DRAM
    • Industriestandaard PCL5e taal

Over ons:

Source Technologies viert meer dan 25 jaar innovatie. Wij zijn een marktleider op het gebied van gespecialiseerde printoplossingen, en ontwikkelen producten voor wereldwijde markten waaronder opslag en distributie, financiën, gezondheidszorg, transport en logistiek, en detailhandel. Oplossingen zijn onder meer thermische printers voor barcode en kassabonnen, MICR laserprinters voor on-demand printen van verhandelbare documenten, veilige data printers en distributiesoftware. Onze zakelijke oplossingen die ontwikkeld zijn voor eenvoudig gebruik en betrouwbaarheid, hebben grote invloed op organisaties die hun operaties willen stroomlijnen en efficiëntie vergroten. Ervaar iets nieuws: www.sourcetech.com.

Foto's/Multimediagalerij beschikbaar op: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50405995&lang=nl

Deze bekendmaking is officieel geldend in de originele brontaal. Vertalingen zijn slechts als leeshulp bedoeld en moeten worden vergeleken met de tekst in de brontaal welke als enige juridische geldigheid beoogt.

 

Contacts

Source Technologies
Shannon R. Gardner, 704-969-7616
Directeur, Marketing
marketing@sourcetech.com
Twitter: http://twitter.com/#!/source_tech

September 13, 2012 05:23 PM Eastern Daylight Time Full Circle Capital Corporation Announces Fourth Quarter and Full Year Fiscal 2012 Earnings

Fitch Ratings has published a report on Dublin, OH.

The report is available at 'www.fitchratings.com'.

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

Applicable Criteria and Related Research: Dublin, Ohio

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688529

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
Arlene Bohner, +1 212-908-0554
Director
Fitch, Inc
One State Street Plaza
New York, NY 10004
or
Stephen Ross Friday, +1 212-908-5097
Analyst
or
Media Relations:
Elizabeth Fogerty, +1 212-908-0526
Email: elizabeth.fogerty@fitchratings.com

September 13, 2012 05:25 PM Eastern Daylight Time Fitch Releases Report on Dublin, OH

Fitch Ratings has published a report on Dublin, OH.

The report is available at 'www.fitchratings.com'.

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

Applicable Criteria and Related Research: Dublin, Ohio

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=688529

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
Arlene Bohner, +1 212-908-0554
Director
Fitch, Inc
One State Street Plaza
New York, NY 10004
or
Stephen Ross Friday, +1 212-908-5097
Analyst
or
Media Relations:
Elizabeth Fogerty, +1 212-908-0526
Email: elizabeth.fogerty@fitchratings.com

September 13, 2012 05:30 PM Eastern Daylight Time Fitch Affirms GE Equipment Mid-Ticket 2011-1

Fitch Ratings has affirmed GE Equipment Mid-Ticket LLC, Series 2011-1 as follows:

--Class A-2 at 'AAAsf'; Outlook Stable;

--Class A-3 at 'AAAsf'; Outlook Stable;

--Class A-4 at 'AAAsf'; Outlook Stable;

--Class B at 'AAsf'; Outlook to Positive from Stable.

The affirmations of the Class A and B notes in the transaction reflect loss coverage levels consistent with their respective ratings. As of the August 2012 reporting period, cumulative net losses totaled 10 basis points, and is extrapolating below Fitch's initial base case proxy. Due to amortization, credit enhancement has increased for the outstanding notes. The Outlook revision to Positive on Class B reflects the possibility for positive rating action in the near future as losses track below initial expectations and credit support is expected to continue to increase.

Fitch will continue to closely monitor this transaction and may take additional rating actions in the event of changes in performance and credit enhancement measures.

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:

--'Criteria for Rating U.S. Equipment Lease and Loan ABS' Jan. 11, 2012;

--'Global Structured Finance Rating Criteria' Aug. 4, 2011.

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

Criteria for Rating U.S. Equipment Lease and Loan ABS

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=663732

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
Primary Analyst
Thomas Kaiser, CPA, +1 312-368-3338
Analyst
Fitch, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Committee Chairperson
Brad Sohl, +1 312-368-2091
Senior Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com

September 13, 2012 05:32 PM Eastern Daylight Time CORRECTING and REPLACING California ISO Prepares for Another Potential Summer without San Onofre Generation

Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

CALIFORNIA ISO PREPARES FOR ANOTHER POTENTIAL SUMMER WITHOUT SAN ONOFRE GENERATION

The California Independent System Operator Corporation (ISO) is taking steps now to prepare for the summer of 2013 should Southern California remain without the generation from the San Onofre Nuclear Generating Station. ISO experts briefed the Board of Governors at their meeting today on recent analysis of grid needs should the nuclear plant not return to service.

Topping the list of recommended mitigation actions is converting Huntington Beach units 3 and 4 into synchronous condensers. The units were brought back into service this year to fill the void left by the nuclear plant shutdown. However, the air emission credits expire at the end of October. As synchronous condensers, the Huntington Beach units do not produce electricity and, therefore, no air emissions credits are required.

Instead, the condensers, acting somewhat like spinning flywheels, adjust to grid conditions by providing the voltage support, normally supplied by the nuclear plant, to the local 230 kilovolt switchyard. Megavars, instead of megawatts, would be produced and used to push megawatts through the grid, much like water pressure helps push water through a hose.

Two analyses provide the basis for today’s briefing: The Addendum to the 2013 Local Capacity Technical Analysis and 2012-2013 Preliminary Reliability Results, both available on the ISO website, caiso.com. The analyses also identify adding capacitor banks on Southern California Edison’s electric systems to provide transmission line voltage support. The Board today approved the staff recommendation to designate the Huntington Beach units as reliability must-run for voltage support in 2013. The designation is one step toward providing reliability in southern Orange and the San Diego counties. If it later determined additional resources are necessary for must-run services, ISO management will seek further Board approval of those additional reliability must-run contracts.

The state’s resource adequacy program has greatly reduced the need for must-run designations over the past few years, although the Board did approve extending a contract for the Dynegy Oakland facility through 2013 for 165 MW. The ISO tariff allows must-run designations under very specific circumstances such as making sure areas have enough local capacity available, mitigating local market power or providing voltage support.

The California ISO operates the state’s wholesale transmission grid, providing open and non-discriminatory access supported by a competitive energy market and comprehensive planning efforts. Partnering with about a hundred client organizations, the nonprofit public benefit corporation is dedicated to the continual development and reliable operation of a modern grid that operates for the benefit of consumers. The ISO bulk power market allocates space on transmission lines, maintains operating reserves and matches supply with demand.

 

Contacts

California ISO
Media Hotline, 888-516-6397
Steven Greenlee, sgreenlee@caiso.com
Stephanie McCorkle, smccorkle@caiso.com
www.caiso.com
Follow us on Twitter:
http://twitter.com/CalifornialSO

 

September 13, 2012 05:32 PM Eastern Daylight Time Source Technologies présente deux nouvelles imprimantes thermiques de codes-barres, la Stp.115S et la Stp.1725

Source Technologies, un leader mondial en solutions d’impression spécialisées, a annoncé la disponibilité de deux nouvelles imprimantes thermiques de codes-barres. Conçues avec la qualité de classe mondiale déjà atteinte avec les modèles actuels, la STp.1115s et la STp.1725 se démarquent en offrant une résolution d’impression plus élevée et une capacité de largeur accrue.

« Avec notre nouvelle gamme Performance qui a été extrêmement bien reçue, nous sommes ravis de lancer les deux nouveaux modèles, étoffant ainsi notre offre de produits pour couvrir un éventail plus vaste de solutions d’applications »

Établissant la nouvelle norme en 2011 avec l’annonce de l’imprimante thermique de codes-barres STp.1120n, un modèle à la pointe du secteur, Source Technologies a continué à innover en 2012 avec deux nouvelles venues, la STp.1115 et la STp.1125 plus tôt cette année et en étoffant sa gamme avec les tout derniers modèles.

Les progrès de la gamme Performance comprennent des fonctions standard améliorées, une plateforme haute fiabilité, la durabilité et le langage imprimante aux normes du secteur PCL5e permettant une intégration homogène aux nouveaux systèmes et systèmes existants. L’utilisation de PCL permet aux imprimantes de prendre en charge 50 polices de caractères à taille variable résidentes et atténue les problèmes souvent associés aux langages propriétaires.

La STp.1115s est dotée en standard d’une tête d’impression 600 ppp, ce qui en fait l’imprimante idéale pour les petites étiquettes pour électronique, bijoux, boîtes de médicaments, etc. Avec une vitesse améliorée à 10 ips et une largeur d’impression de 6 pouces, la STp.1725 convient parfaitement aux environnements industriels, notamment le textile, la livraison/réception, la logistique et les transports.

« Avec notre nouvelle gamme Performance qui a été extrêmement bien reçue, nous sommes ravis de lancer les deux nouveaux modèles, étoffant ainsi notre offre de produits pour couvrir un éventail plus vaste de solutions d’applications », a déclaré Doug Salvador, vice-président du marketing. « L’ajout de ces modèles témoigne de notre engagement à satisfaire nos partenaires et clients qui demandent une résolution d’impression de 600 ppp et une plus grande largeur de rouleau. Nous allons continuer à mettre sur le marché des produits nouveaux, faciles à utiliser, qui offrent ce que souhaitent les utilisateurs : fiabilité et performance à des prix abordables. »

Caractéristiques de la gamme ST Performance :

  • STp.1115s – résolution d’impression de 600 ppp, vitesse d’impression de 6 ips, ajustement automatique de la pression de la tête d’impression, conçue pour l’impression d’étiquettes haute résolution
  • STp.1725 – vitesse d’impression de 10 ips, largeur d’impression de 6 pouces, fiabilité inégalée, pour les applications gros volume essentielles exigeant des étiquettes d’une plus grande largeur
  • Les fonctionnalités standard de tous les modèles de la gamme Performance comprennent notamment :
    • Écran tactile couleur intuitif
    • Chargement automatique des étiquettes
    • Configuration automatique du ruban et des étiquettes
    • Connectivité USB et Ethernet
    • Tension constante du ruban
    • 32 Mo de mémoire Flash, 64 Mo de DRAM
    • Langage PCL5e aux normes du secteur

À propos de notre société :

Source Technologies, un chef de file du secteur en solutions d’impression spécialisées, qui célèbre plus de 25 ans d’innovation, développe des produits pour des marchés mondiaux dont l’entreposage et la distribution, la finance, les soins de santé, les transports et la logistique, ainsi que la vente au détail. Ses solutions comprennent des imprimantes thermiques de codes-barres et de reçus, des imprimantes laser MICR pour l’impression à la demande de documents négociables, des imprimantes de données sécurisées et un logiciel de distribution. Conçues pour leur convivialité et leur fiabilité, nos solutions commerciales sont destinées aux entreprises désireuses de rationaliser leurs opérations et d’augmenter leur efficacité. Découvrez nos nouveautés : www.sourcetech.com.

Photos/Galerie multimédias disponibles sur : http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50405995&lang=fr

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

Source Technologies
Shannon R. Gardner, 704-969-7616
Directrice marketing
marketing@sourcetech.com
Twitter : http://twitter.com/#!/source_tech

September 13, 2012 05:35 PM Eastern Daylight Time National American University Holdings, Inc. Announces Appointment of Jeffrey B. Berzina to Board of Directors

National American University Holdings, Inc. (the Company”) (NASDAQ: NAUH), which through its wholly owned subsidiary operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning, today announced that Jeffrey B. Berzina has joined its Board of Directors as an independent director, effective September 10, 2012.

Mr. Berzina currently serves as Vice President – Corporate Controller of Black Hills Corporation, a diversified energy company publicly traded on the New York Stock Exchange. Mr. Berzina has also held various other positions at Black Hills Corporation, including Vice President – Finance from November 2008 to May 2009, Assistant Corporate Controller from May 2004 to November 2008, and Director of Financial Reporting/Manager of Financial Reporting from July 2000 to May 2004. Mr. Berzina served as the chair of the Investment Committee and served on the Finance Committee of the Rapid City Catholic Schools from July 2009 to July 2012. Mr. Berzina is a University of South Dakota graduate and has practiced as a Certified Public Accountant.

Ronald L. Shape, Ed.D., Chief Executive Officer of the Company, stated, “We are pleased to welcome Jeffrey to the Company’s Board of Directors. Jeffrey has extensive experience overseeing the finance function of a publicly- traded company and is familiar with SEC rules and regulations. We believe Jeffrey’s experience and expertise will prove valuable to our company. We are also pleased to have another director from the Rapid City business community.”

Mr. Berzina replaces Dr. R. John Reynolds who recently announced his retirement from the Company’s Board of Directors. The Board of Directors remains at seven members.

About National American University Holdings, Inc.

National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, and master’s degree programs in health care and business-related disciplines. Accredited by The Higher Learning Commission and a member of the North Central Association of Colleges and Schools, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's business. Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this release and are based on current beliefs and expectations and involve a number of assumptions. These forward-looking statements include outlooks or expectations for earnings, revenues, expenses or other future financial or business performance, strategies or expectations, or the impact of legal or regulatory matters on business, results of operations or financial condition. Specifically, forward-looking statements may include statements relating to the future financial performance of the Company; the ability to continue to receive Title IV funds; the growth of the market for the Company’s services; expansion plans and opportunities; consolidation in the market for the Company’s services generally; and other statements preceded by, followed by or that include the words “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target” or similar expressions. These forward-looking statements involve a number of known and unknown risks and uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by those forward-looking statements. Other factors that could cause the Company’s results to differ materially from those contained in its forward-looking statements are included under, among others, the heading “Risk Factors” in the Company’s Annual Report on Form 10-K, which was filed on August 3, 2012, and in its other filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information contained in this release.

 

 

Contacts

National American University Holdings, Inc.
Dr. Ronald Shape, 605-721-5220
rshape@national.edu
or
Investor Relations Counsel
The Equity Group Inc.
Carolyne Yu, 212-836-9610
cyu@equityny.com
Adam Prior, 212-836-9606
aprior@equityny.com

September 13, 2012 05:35 PM Eastern Daylight Time Covidien gibt Highlights aus Investorenkonferenz bekannt

)--Covidien (NYSE: COV), ein weltweit führender Anbieter von Gesundheitsprodukten, gab heute im Rahmen einer Investorenkonferenz die Initiativen, Strategien und Innovationen bekannt, die für das geplante Wachstum des Unternehmens im Jahr 2013 und darüber hinaus verantwortlich sein werden.

„Trotz des schwachen wirtschaftlichen Umfelds konnten wir im Jahr 2012 eine äußerst solide Leistungsbilanz vorweisen“

José (Joe) E. Almeida, Chairman, President und CEO bei Covidien, erläuterte die jüngsten Errungenschaften, die aktuelle Marktsituation im Bereich medizinischer Geräte und die Chancen aufgrund der jüngsten Portfolioerweiterungen, die das Wachstum der nächsten Jahre antreiben werden.

„Trotz des schwachen wirtschaftlichen Umfelds konnten wir im Jahr 2012 eine äußerst solide Leistungsbilanz vorweisen”, so José E. Almeida. „Wir werden weitere Investitionen tätigen, um unsere Leistungsfähigkeit auszubauen, insbesondere in den Schwellenmärkten, und um die Chancen zu kapitalisieren, die sich uns aufgrund der stärkeren Marktdurchdringung unseres breit aufgestellten Produktportfolios, insbesondere hinsichtlich der Produktlinien Vascular und Energy bieten.

„Unsere Hauptinitiativen – Ausweitung des Innovationskonzepts, aggressives Portfoliomanagement, Kapitalisierung der Chancen in Schwellenmärkten und Ausgabenoptimierung zur Bereitstellung von Investitionen für Innovationen und Wachstum – sind Impulsgeber für unsere künftige Leistungsfähigkeit”, fügte er hinzu. „Wir werden unseren starken Cashflow für unsere Expansionsstrategie einsetzen und dabei unser Ziel, 50 % des freien Cashflows in Form von Dividenden und Aktienrückkäufen an die Aktionäre zurückfließen zu lassen, nicht aus den Augen verlieren.”

José E. Almeida erklärte auch, dass die zuvor angekündigte Ausgliederung der Pharmazeutika-Sparte bereits eingeleitet wurde und erwartungsgemäß bis Mitte des Jahres 2013 abgeschlossen sein wird.

Chief Financial Officer Charles Dockendorff bot einen Ausblick auf das Geschäftsjahr 2013. Das Unternehmen erwartet, dass die Nettoumsätze im Verlauf des Geschäftsjahres 2013 im Vergleich zum Vorjahr einen Anstieg zwischen 3 % und 6 % verzeichnen werden. Für die Sparte Medical Devices ist im Vergleich zum Vorjahr ein Anstieg der Nettoumsätze zwischen 4 % und 7 % und für die Sparte Pharmaceutical Products zwischen 1 % und 4 % zu erwarten. Das Unternehmen geht davon aus, dass die Umsätze der Sparte Medical Supplies im Vergleich zum Geschäftsjahr 2012 nahezu unverändert bleiben werden. Alle Umsatzwachstumsraten berücksichtigen die aktuellen Wechselkurse.

Bei Ausblendung von einmaligen Einflüssen erwartet das Unternehmen eine operative Marge zwischen 22 und 23 Prozent. Es rechnet mit einem effektiven Steuersatz zwischen 18 und 19 Prozent im Geschäftsjahr 2013.

Für alle Interessenten, die bei der Tagung nicht persönlich anwesend sein können, wird ein Mitschnitt der Präsentationen auf der Website von Covidien zur Verfügung gestellt: http://investor.covidien.com. Die Präsentationsunterlagen können auf derselben Website eingesehen werden.

ÜBER COVIDIEN

Covidien ist ein weltweit führender Anbieter von Gesundheitsprodukten, der innovative medizinische Lösungen für bessere Behandlungsergebnisse entwickelt und durch klinische Führungsarbeit und Spitzenleistungen Werte schafft. Covidien produziert, vertreibt und betreut ein vielfältiges Sortiment branchenführender Produktlinien in drei Marktsegmenten: Medizinische Geräte (Medical Devices), Pharmaprodukte (Pharmaceutical Products) und Medizinbedarf (Medical Supplies). Im Jahr 2011 erzielte Covidien einen Umsatz von 11,6 Milliarden US-Dollar. Das Unternehmen beschäftigt weltweit 43.000 Mitarbeiter in mehr als 65 Ländern und seine Produkte werden in über 140 Ländern verkauft. Bitte besuchen Sie www.covidien.com, um mehr über unser Unternehmen zu erfahren.

NICHT GAAP-KONFORME FINANZKENNZAHLEN

Diese Pressemitteilung enthält Finanzkennzahlen wie den bereinigten Ertrag aus dem operativen Geschäft und den freien Cashflow, die den geltenden Regeln und Vorschriften der US-Börsenaufsichtsbehörde SEC zufolge als „nicht GAAP-konforme“ Finanzkennzahlen gelten. Diese nicht GAAP-konformen Finanzkennzahlen sind als Ergänzung und nicht als Ersatz für die in Übereinstimmung mit den Grundsätzen ordnungsmäßiger Rechnungslegung (GAAP) ermittelten Finanzdaten zu verstehen. Die durch Covidien verwendeten Definitionen der nicht GAAP-konformen Kennzahlen können sich von denen gleichnamiger Kennzahlen unterscheiden, die von anderen Unternehmen verwendet werden.

Um Investoren einen Überblick über die zu erwartenden Geschäftsergebnisse zu bieten, legt das Unternehmen seine operative Marge und den effektiven Steuersatz vor, wobei bestimmte Posten ausgeblendet werden. Da das Unternehmen weder die Höhe noch den Zeitpunkt dieser Posten und der damit verbundenen Belastungen und Erträge vorhersagen kann, die in der Unternehmensbilanz erfasst werden, lassen sich die Auswirkungen dieser Posten bei der Prognose nur schwer berücksichtigen.

Der freie Cashflow ist definiert als Bargeld und Bargegenwerte aus dem operativen Geschäft ohne Berücksichtigung von Aufwendungen für Investitionsgüter.

ZUKUNFTSBEZOGENE AUSSAGEN

Sämtliche in dieser Pressemitteilung enthaltenen Aussagen, die keine Tatsachen beschreiben, können zukunftsbezogene Aussagen im Sinne des US-Private Securities Litigation Reform Act aus dem Jahr 1995 darstellen. Solche zukunftsbezogenen Aussagen beruhen auf den gegenwärtigen Überzeugungen und Erwartungen unserer Geschäftsleitung und unterliegen verschiedenen Risiken, Unwägbarkeiten und Veränderungen der Umstände, was dazu führen kann, dass die tatsächlichen Ergebnisse oder Aktivitäten des Unternehmens erheblich von den expliziten und impliziten Informationen dieser Aussagen abweichen können. Zu den Faktoren, die bewirken können, dass die tatsächlichen zukünftigen Ergebnisse erheblich von den gegenwärtigen Erwartungen abweichen, gehören u.a. unsere Fähigkeit neue Produkte einzuführen, zu vermarkten oder mit neuen technologischen Entwicklungen Schritt zu halten, Kostenübernahme-Praktiken einiger großer öffentlicher und privater Versicherer, Sparanstrengungen von Kunden, Käufervereinigungen, Sozialversicherungsträgern und Behörden, Rechtsstreitigkeiten über intellektuelles Eigentum, komplexe und kostenintensive Regulierungsvorschriften einschließlich Gesundheitsversorgungsbetrugs- und Missbrauchsvorschriften sowie des Foreign Corrupt Practices Act, Produktions- und Zulieferprobleme oder -unterbrechungen, steigende Rohstoffkosten, Produktrückrufe, Sicherheitswarnungen und negative Pressemeldungen über Covidien oder seine Produkte, verlorene Produkthaftungsklagen und andere nachteilige Rechtsfolgen, Veräußerungen von Geschäftssparten und Produktlinien, unsere Fähigkeit, strategisch wichtige Übernahmen und Investitionen zu tätigen oder Allianzen einzugehen, Wettbewerb, unternehmerische Risiken durch Aktivitäten außerhalb der USA, Wechselkursschwankungen und potenzielle Umwelthaftungen. Diese und andere Faktoren werden in unserem Jahresbericht für das Geschäftsjahr bis einschließlich 30. September 2011 auf Formular 10-K und in den bei der US-Börsenaufsichtsbehörde SEC eingereichten Unterlagen detailliert aufgeführt. Wir übernehmen keinerlei Verpflichtung zur Aktualisierung dieser zukunftsbezogenen Ausgaben außerhalb des gesetzlich vorgegebenen Rahmens.

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