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Duke Energy Receives “Buy” Rating from TheStreet (DUK)
http://www.mideasttime.com/duke-energy-receives-buy-rating-from-thestreet-duk/3248/
Ha, if we could predict the market we would all be rich by now.
You are correct and it looks like it will take a dive as Vegas now has Obama at -900
You may want to take another look at OPCO as the Pet industry is thriving
Older article but has a bunch of facts
http://www.inc.com/best-industries-2012/caitlin-berens/pet-care.html
Annual Report to shareholders
http://www.asx.com.au/asxpdf/20121018/pdf/429gk0pvx3l72y.pdf
Presenting at Canaccord Genuity Global Resources Conference
http://www.asx.com.au/asxpdf/20121016/pdf/429dr15wtxgvfw.pdf
Brazil Fast Food Announces Intention to Deregister
Date : 10/15/2012 @ 8:00AM
Source : Business Wire
Stock : Brazil Fast Food Corp. (BOBS)
Quote : 9.0 0.0 (0.00%) @ 3:04PM
Brazil Fast Food Announces Intention to Deregister
PrintAlert
Brazil Fast Food Corp. (OTC Bulletin Board: BOBS) (“Brazil Fast Food”, or the “Company”), the second largest fast-food restaurant chain in Brazil with 983 points of sale, operating under (i) the Bob’s brand, (ii) the Yoggi brand, (iii) KFC and Pizza Hut São Paulo as franchisee of Yum! Brands, and (iv) Doggis as franchisee of Gastronomia & Negocios S.A. (formerly Grupo de Empresas Doggis S.A.), today announced that its board of directors approved the deregistration of the Company's common stock with the U.S. Securities and Exchange Commission (the “SEC”).
The Company will terminate the registration of its common stock under the U.S. Securities Exchange Act of 1934 (the “Exchange Act”). The Company intends to file a Form 15 with the SEC on or about October 22, 2012 to deregister its common stock under Section 12(g)(4) of the Exchange Act, and expects the deregistration to become effective 90 days after the Form 15 filing. Upon filing the Form 15, the Company would suspend its periodic reporting obligations under Section 15(d) of the Exchange Act, including its obligation to file Forms 10-K, 10-Q and 8-K.
The decision to deregister was driven by a desire to achieve substantial annual savings by reducing accounting, legal and administrative costs associated with being an SEC registrant. The Company expects to achieve approximately $300,000 in total annual cost savings, while maintaining the integrity and liquidity of its investors' stock holdings. The board of directors noted other factors in addition to the significant yearly cost savings, such as that deregistering the Company's shares should enable senior management to focus more on the day-to-day operations of the Company by eliminating the need to manage compliance with SEC reporting requirements.
Following the deregistration, the Company intends to continue to prepare and publish quarterly and annual financial results which will contain much of the financial information currently disclosed in the Company's periodic SEC reports. The Company anticipates its annual financial statements will continue to be audited, although the Company intends to switch its reporting standard to Brazilian GAAP, effective as of January 1, 2013.
“After careful consideration, the Board has concluded that deregistration is appropriate for Brazil Fast Food at this time,” Ricardo Figueiredo Bomeny, CEO. “Going forward, we value our shareholders and the desirability to have detailed and transparent information regarding our operations and financial results and will strive to have appropriate governance and reporting. We believe that, among other things, deregistration will enable the management to focus on value enhancing activities and eliminate the significant expenses and time burdens involved with SEC reporting.”
The Company expects the Company’s common stock to continue trading in the U.S. over-the-counter market under the symbol “BOBS.”
About Brazil Fast Food Corp.
Brazil Fast Food Corp. through its holding company in Brazil, BFFC do Brasil Participações Ltda. (“BFFC do Brasil”, formerly 22N Participações Ltda.), and its subsidiaries, manage one of the largest food service groups in Brazil and franchise units in Angola and Chile. The Bob’s trade name is used by Venbo Comércio de Alimentos Ltda., LM Comércio de Alimentos Ltda., PCN Comércio de Alimentos Ltda. and BBS S.A., a 20% owned Chilean Corporation. The “KFC” trade name is used by CFK Comércio de Alimentos Ltda. (formerly Clematis Indústria e Comércio de alimentos e Participações Ltda.), CFK São Paulo Comércio de Alimentos Ltda. and MPSC Comércio de Alimentos Ltda. The “Yoggi” trade name is used by Yoggi do Brasil Ltda. The “Pizza Hut” trade name is used by Internacional Restaurantes do Brasil, a 60% owned Brazilian Corporation. The “Doggis” trade name is used by DGS Comércio de Alimentos S.A., a 80% owned Brazilian Corporation.
Safe Harbor Statement
This press release contains forward-looking statements within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known or unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those expressed or implied by such forward looking statements. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the disclosures in the Company's filings with the Securities and Exchange Commission, including the risk factors contained in the Company's most recent annual report on Form 10-K and quarterly report Form 10-Q filed with the Securities and Exchange Commission.
Armanino Foods of Distinction, Inc., Announces Special and Regular Quarterly Dividend
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3:06 PM ET 9/13/12 | BusinessWire
Armanino Foods of Distinction, Inc. (OTC Pink Sheets Symbol: AMNF) announced today that its board of directors has declared its regular quarterly cash dividend of $0.012 per share and a special dividend of an additional $0.012 per share payable to shareholders of record October 4, 2012. The dividends will be disbursed on or about October 26, 2012. This is the Company's 49th consecutive regular quarterly dividend in addition to the ten special dividends over the same period.
Douglas R. Nichols, Chairman of Armanino Foods stated, "The Company's financial performance has been exceptional reflected by our strong balance sheet. We felt this was an appropriate time to issue a special dividend given the uncertainty over tax rates on dividends going forward."
Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic and Light Basil Pesto. Armanino's Organic line includes classic Basil Pesto. Frozen pastas, sauces and meatballs are also offered by Armanino Foods.
SOURCE: Armanino Foods of Distinction, Inc.
Armanino Foods of Distinction, Inc.
Edgar Estonina, 510-441-9300
CFO
armaninofoods
10% Deposit provides reasonable certainty of transaction closing
Boeing Forecasts China Will Need 5,260 New Airplanes by 2031
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4:40 AM ET 9/5/12 | PR Newswire
Boeing (NYSE: BA), China's leading provider of passenger airplanes, projects that China will need 5,260 new commercial airplanes valued at $670 billion over the next 20 years. China is forecast to be the second largest market for new commercial airplanes.
"It's impressive that over 75 percent of the demand in China will be for growth instead of replacement," said Randy Tinseth, Boeing Commercial Airplanes vice president of Marketing. "Sustained strong economic growth, growing trade activities and increasing personal wealth are some of the driving forces. Travelers also care about increased connectivity, efficiency and lower prices."
Boeing predicts that small and intermediate twin-aisles, such as the Boeing 787 Dreamliner and 777, will account for a significant part of future deliveries. These airplanes are expected to be the highest value segment, making up 48 percent of the market in value with some 1,190 new deliveries anticipated.
The expansion of the Chinese market has also unleashed pent-up demand for broader international travel.
"We expect Chinese carriers to experience rapid international expansion over the next 20 years, with an annual increase rate of 8.9 percent on average. That's not only because the market demand is growing, but because Chinese carriers now have the capability and resources to compete in the tough long-haul international market," Tinseth added.
Tourism in China will also help fuel a strong demand for single-aisle aircraft, with total deliveries of single-aisle airplanes reaching 3,650 through 2031. Tinseth said the new 737 MAX family will allow Boeing to continue to deliver the most fuel-efficient, capable airplane with the lowest operating costs in the single-aisle market.
Worldwide, Boeing projects investments of $4.5 trillion for 34,000 new commercial airplanes to be delivered during the next 20 years. The complete forecast is available at www.boeing.com/commercial/cmo/index.html.
Boeing has been celebrating its 40th anniversary of providing commercial aircraft and services to China's aviation industry this year. With partners across generations, Boeing has built long-standing relationships with the Chinese government, airlines, the aviation industry and aerospace suppliers.
Today, Boeing jets are the mainstay of China's air travel and cargo system. More than 50 percent of all the commercial jetliners operating in China are Boeing airplanes. Some 6,000 Boeing airplanes fly throughout the world with integrated China-built parts and assemblies. China has a component role on every current Boeing commercial airplane model - the 737, 747, 767, 777, as well as the world's newest and most innovative airplane, the Boeing 787 Dreamliner.
Contact:
Wang YukuiBoeing China+86 10 5925 558yukui.wang@boeing.com
SOURCE Boeing
Verizon communications has arranged for a voluntary program which shareholders owning
fewer than 100 shares may sell all their shares or purchase additional shares to increase their holdings
to 100 shares. The weekly weighted average share price will be determined by
dividing the aggregate dollar amount of sales by the balance of unmatched shares
sold for each week's participants.
Disney Earnings: Profits Climb, But Investors Sell
By Derek Hoffman | More Articles
August 07, 2012
S&P 500 (NYSE:SPY) component The Walt Disney Company (NYSE:DIS) reported net income above Wall Street’s expectations for the third quarter. Walt Disney is an entertainment company with operations in: media networks, parks and resorts, studio entertainment, and consumer products.
Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?
The Walt Disney Company Earnings Cheat Sheet
Results: Net income for the media conglomerate rose to $1.83 billion ($1.01 per share) vs. $1.48 billion (77 cents per share) in the same quarter a year earlier. This marks a rise of 24.1% from the year-earlier quarter.
Revenue: Rose 3.9% to $11.09 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Walt Disney Company beat the mean analyst estimate of 92 cents per share. It beat the average revenue estimate of $9.56 billion.
Quoting Management: “We had a phenomenal third quarter, delivering the largest quarterly earnings in the history of our company,” said Robert A. Iger, Chairman and CEO of The Walt Disney Company. “Earnings per share were up 31% over last year, driven by growth in every one of our businesses. We also delivered record earnings per share for the first nine months of our fiscal year, and we believe our results clearly demonstrate Disney’s unique value proposition and great potential to deliver long-term growth.”
Key Stats:
The company has now seen its net income rise for three quarters in a row. In the second quarter, net income rose 21.3% and in the first quarter, the figure rose 12.4%.
The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 2 cents in the second quarter, by 9 cents in the first quarter, and by 4 cents in the fourth quarter of the last fiscal year.
Revenue has increased for four consecutive quarters. Revenue increased 6.1% to $9.63 billion in the second quarter. The figure rose 0.6% in the first quarter from the year earlier and climbed 7% in the fourth quarter of the last fiscal year from the year-ago quarter.
Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the fourth quarter has moved up from 68 cents a share to 71 cents over the last ninety days. The average estimate for the fiscal year is $3.01 per share, a rise from $2.95 ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
Emerging Markets unit revenues grew 14% operationally in comparison with second-quarter 2011, primarily due to volume growth mainly in China and Russia as a result of more targeted promotional efforts for key products, including Lipitor, Norvasc and Lyrica. Additionally, growth was driven by the timing of government purchases of Prevenar 13 in Turkey and Enbrel in Brazil compared with the year-ago quarter. Growth was partially offset by the timing of government purchases of Prevenar 13 and certain other products in Mexico in comparison with the year-ago period.
Agreed, i believe it is a good opportunity to pick up some shares.
AMNF .83 Reports Highest Quarterly Sales, Profits and Earnings Per Share in Its History
Armanino Foods of Distinction, Inc. Reports Highest Quarterly Sales, Profits and Earnings Per Share in Its History
Jul 19, 2012 11:00:01 (ET)
HAYWARD, Calif., Jul 19, 2012 (BUSINESS WIRE) -- Armanino Foods of Distinction, Inc. (otc pink sheets symbol:AMNF) today reported its highest quarterly sales, profits and earnings per share in the Company's history. Year to date results for sales, profits and earnings per share are also Company records.
Net sales for the second quarter of 2012 were $7,097,885 as compared to $6,290,645 for Q2 2011, an increase of 13%.
Income from continuing operations before taxes for the second quarter of 2012 was $1,304,763 compared to $1,088,307 for the same quarter in 2011, an increase of 20%. Earnings per share for the second quarter of 2012 were $0.025 as opposed to $0.020 for the second quarter of 2011, an increase of 25%.
For the first six months of 2012 net sales were $13,781,499 compared to $12,155,115 a year ago, an increase of 13%. Income from continuing operations for 2012's second quarter rose by 18% to $2,351,354 from $1,993,594 for the same period in 2011. Earnings per share for the first six months of 2012 amounted to $0.045 compared to $0.036 posted in 2011, an increase of 24%. The increase in earnings per share from period to period has been fueled not only by increased profitability but by the impact of our stock repurchase program as well.
Edmond J. Pera, President and CEO of Armanino Foods, said, "International sales in the second quarter were especially strong contributing to the sales increase."
Pera continued, "We expect our margins to remain healthy for the remainder of this year thanks to raw materials pricing contracts that we have in place through the end of 2012. As usual, we will closely monitor the outlook of our material costs so that we can manage our margins appropriately. We currently do not have any plans to raise our selling prices and plan to use this pricing strategy to try and increase our market share. We continue to see a greater consumer awareness of pesto sauces in the market place which in our opinion could lead to overall market expansion."
Pera concluded, "We believe that our current strategies are working well toward helping us achieve our overall objectives."
Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Light Basil Pesto, Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke and Roasted Garlic. Armanino's Organic line includes classic Basil Pesto. Frozen Pastas, Sauces and Meatballs are also offered by Armanino Foods.
Armanino Foods of Distinction, Inc.
Results for Quarter Ended
June 30, 2012 (Unaudited)
2012 2011
------------------ --------------------
Net Sales $7,097,885 $6,290,645
Income From Cont. Operations Before Taxes $1,304,763 $1,088,307
Net Income $800,405 $668,013
Basic Income Per Common Share $0.025 $0.020
Weighted Average Common Shares Outstanding 32,307,505 33,715,144
Diluted Income/(Loss) Per Common Share $0.025 $0.020
Diluted Weighted Average Common Shares Outstanding 32,332,194 33,762,343
Armanino Foods of Distinction, Inc.
Results for Six Months
Ending June 30, 2012 (Unaudited)
2012 2011
------------------ --------------------
Net Sales $13,781,499 $12,155,115
Income From Cont. Operations Before Taxes $2,351,354 $1,993,594
Net Income $1,443,326 $1,227,738
Basic Income Per Common Share $0.045 $0.036
Weighted Average Common Shares Outstanding 32,411,129 34,278,751
Diluted Income/(Loss) Per Common Share $0.044 $0.036
Diluted Weighted Average Common Shares Outstanding 32,435,913 34,335,009
This press release contains forward-looking statements within the
meaning of U.S. securities laws, including statements regarding the
Company's goals and growth prospects. These forward looking
statements are subject to certain risks and uncertainties that could
cause the actual results to differ materially from those projected,
including general economic conditions, fluctuations in customer
demand, competitive factors such as pricing pressures on existing
products, and the timing and market acceptance of new product
introductions, the Company's ability to achieve manufacturing
efficiencies necessary for profitable sales at current pricing, and
the risk factors listed from time-to-time in the Company's annual
and quarterly reports. The Company assumes no obligation to update
the information included in this press release.
SOURCE: Armanino Foods of Distinction, Inc.
Armanino Foods of Distinction, Inc.
Edgar Estonina, 510-441-9300
CFO
armaninofoods@armaninofoods.com
TOOT sells but who's buying? Yawn
AMEH .50!!!!!!!!! what the heck happened?
where is the bottom? looking for an entry point
i do also, and have vested interest in SHOM, but remember when you put lipstick on a pig at the end of the day, its still a pig
whatever the $ you get the gist of it
good volume? $420.00 is good volume ? hmmm
i have added a few as of late. i had not added since the .50's but the regular quarterly dividend for the 48th consecutive time plus the 9 special dividends plus the potential upside made me dip into the ol wallet for a few more shares.
Armanino Foods of Distinction, Inc. Announces Regular Quarterly Dividend
Font size: A | A | A
2:12 PM ET 6/14/12 | BusinessWire
Armanino Foods of Distinction, Inc. (OTC Pink Sheets Symbol: AMNF) announced today that its board of directors has declared its regular quarterly cash dividend of $0.012 per share payable to shareholders of record July 6, 2012. The dividend will be disbursed on or about July 27, 2012. This dividend will be the Company's 48th consecutive regular quarterly dividend. In addition, the Company has had nine special dividends.
Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic and Light Basil Pesto. Armanino's Organic line includes classic Basil Pesto. Frozen pastas, sauces and meatballs are also offered by Armanino Foods.
SOURCE: Armanino Foods of Distinction, Inc.
Armanino Foods of Distinction, Inc.
Edgar Estonina, CFO, 510-441-9300
armaninofoods@armaninofoods.com
Apollo Medical Holdings, Inc. Reports Record Revenues for Fiscal Year ended January 31, 2012
http://money.msn.com/business-news/article.aspx?feed=PR&Date=20120516&ID=15119876&topic=TOPIC_SMALL_CAP&isub=2
anyone adding on the continued pullback?
Isnt Disney Studio only about 6% of the company Revenue?
Strathmore Closes Acquisition of Saratoga Gold Company Ltd.
STRATHMORE MINERALS CORP. ("Strathmore" or "the Company") (TSX:STM)(OTCQX:STHJF) is pleased to announce that it has completed the acquisition of all the issued and outstanding shares of privately held Saratoga Gold Company Ltd. ("Saratoga"). The acquisition was structured as a court approved Plan of Arrangement ("the Arrangement"). Pursuant to the Arrangement, 18,255,003 common shares of Strathmore were issued to the Saratoga shareholders on the basis of 1.25 Strathmore shares for each share of Saratoga.
Acquisition Summary
With the completion of the Arrangement, Strathmore has acquired:
-- 100% ownership of the "Copper King" Au-Cu property, which comprises two
State of Wyoming leases totalling 1,120 contiguous acres, located in the
Silver Crown Mining District in Wyoming. (See press release dated March
19, 2012 for a detailed summary of the Copper King project)
-- 100% ownership of 52 lode mining claims in the State of Montana near
Tintina Resources' Black Butte copper-cobalt-silver project (formerly
known as Sheep Creek).
Strathmore has contracted Mine Development Associates ("MDA") of Reno Nevada to prepare a NI 43-101 technical report and resource estimate that will include drilling results from Saratoga's programs completed in 2007-08, in addition to data acquired after MDA completed its initial report for Saratoga in 2007. On completion of the NI 43-101 technical report, which is expected later this summer, Strathmore will review the results and MDA's recommendations, prior to finalizing a budget and work program for the Copper King project.
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of mineral properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under the symbol "STM" and trade on the OTCQX International electronic trading system in the United States under the symbol "STHJF".
This news release contains "forward-looking information" that is based on Strathmore Minerals Corp.'s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Strathmore's intention to prepare a NI 43-101 compliant technical report for the Copper King Property, and the exploration potential of Saratoga's properties. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Strathmore's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the outcome of the exploration and development programs; the historical resource estimates; changes in economic conditions or financial markets; changes in input prices; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining, or advancing projects; and labour relations matters.
This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Strathmore Minerals Corp. disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
ON BEHALF OF THE BOARD:
David Miller, CEO
Contacts:
Strathmore Minerals Corp.
Craig Christy
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com
Looks like this hog is on its way to the slaughter house
735k volume!!!!!
Tootie Pie Company Secures $ 1 Million Credit Line
Apr 17, 2012 09:00:00 (ET)
SAN ANTONIO, April 17, 2012 /PRNewswire via COMTEX/ -- Tootie Pie Company, Inc. (otcqb:TOOT) announced that it secured a $1 million credit line with TCA Global Credit Master Fund. The proceeds will be used as "working capital" to fund expansion of the Company's Tootie Pie Gourmet Cafe locations.
"Part of our aggressive growth strategy calls for us to acquire existing Cafe locations that may become available, sometimes on short notice," said Don Merrill, President & CEO. "Being able to tap into this credit line will allow us to take advantage of these opportunities as they arise."
The Company currently owns and operates six Tootie Pie Gourmet Cafes in San Antonio, Austin, Fredericksburg and Dallas (Frisco), TX.
About Tootie Pie Co.
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafes, in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the OTCQB market under the symbol "TOOT." For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com .
About TCA
TCA Global Master Credit Fund, LP continues as one of the first alternative funds solely focused on short term senior secured debt transactions and associated advisory services primarily for listed SME's. The Fund's management is enjoying its second decade in providing custom debt funding and specialist corporate advice, which is a level of expertise usually only afforded to much larger companies. The Fund's strategy combines debt funding, advisory services and associated fee income with small secured exposures to achieve the goal of uncorrelated, low variance returns. TCA employs AIMA best practices, transparency and governance as well as using top flight service providers. TCA's reference list includes investors, service providers and a list of the portfolio companies it has financed. The Fund has a great working relationship with its portfolio companies as evidences by a repeat business rate in excess of 50 percent despite its high yield return goals. TCA is registered with the Cayman Islands Monetary Authority (CIMA) as a master feeder structure and is currently registering a share class on the Cayman Stock Exchange. The Fund is also making applicable registration with the Securities and Exchange Commission (SEC) in the United States. It has offices in London, Australia and the United States.
Forward-Looking Statements
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," and "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
Contact: Carla Carter Investor Relations210.737.6600 Carla.Carter@tootiepieco.com
Contact: info@trafcap.com 1404 Rodman Street Hollywood, FL 33020 USAPhone: +1-954-920-1205 Fax: +1-786-323-1651
SOURCE Tootie Pie Company, Inc.
do you have a link you can share?
AT&T upgraded to Overweight from Neutral at JPMorgan
http://finance.yahoo.com/news/t-upgraded-overweight-neutral-jpmorgan-100205999.html
Vantage Drilling Announces Closing of Offering of $775.0 Million ofAdditional 11 1/2% Senior Secured First Lien Notes Due 2015 by ItsSubsidiary Offshore Group Investment Limited
Apr 10, 2012 16:05:16 (ET)
HOUSTON, TX, Apr 10, 2012 (MARKETWIRE via COMTEX) -- Vantage Drilling Company ("Vantage" or the "Company") (VTG, Trade ) announced today that its wholly-owned subsidiary Offshore Group Investment Limited (the "Issuer") has closed its offering of $775.0 million aggregate principal amount of additional 11 1/2% Senior Secured First Lien Notes due 2015 (the "Notes"). The Notes were issued at a price equal to 108% of their face value, plus accrued and unpaid interest from February 1, 2012. The Notes are guaranteed by Vantage and each of the Issuer's existing and future subsidiaries and by certain of Vantage's other subsidiaries, and are senior secured obligations of the Issuer and the guarantors. The Notes were offered as additional notes under the indenture pursuant to which the Issuer previously issued $1.225 billion of 11 1/2% Senior Secured First Lien Notes due 2015.
The net proceeds from this offering will be used by the Issuer (a) to purchase from Valencia Drilling Corporation, an affiliate of F3 Capital, the Company's largest shareholder and its affiliate, all of the rights and obligations under the construction contract (the "Dragonquest Construction Contract") with Daewoo Shipbuilding and Marine Engineering Co., Ltd. for the construction and delivery of the ultra-deepwater drillship known as the Dragonquest pursuant to a Purchase Agreement dated March 20, 2012 (the "Purchase Agreement") and the purchase of related equipment specified in the Purchase Agreement, (b) to fund the construction payments for the Dragonquest pursuant to the Dragonquest Construction Contract, (c) to reimburse and pay for construction costs, expenses and other expenditures previously incurred, and to be incurred, in each case, on an arm's length basis, in good faith and in the ordinary course of business by the Company or a subsidiary of the Company for the purpose of making the Dragonquest operational, (d) to pay a consent fee to the holders of its existing notes and transaction fees and expenses in connection with the transactions contemplated hereby and (e) for general corporate purposes.
The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S of the Securities Act. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption under the Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or solicitation of an offer to buy any security, nor will there be any sale of such security in any jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Vantage
Vantage Drilling Company, a Cayman Islands exempted company, is an international offshore drilling company focused on operating a fleet of modern, high specification drilling units. Its principal business is to contract drilling units, related equipment and work crews, primarily on a dayrate basis to drill oil and natural gas wells for its customers. It also provides construction supervision services for, and will operate and manage, drilling units owned by others. Through its fleet of drilling units, the Company is a provider of offshore contract drilling services to major, national and independent oil and natural gas companies, focused primarily on international markets. Its fleet of owned units is currently comprised of four jackup rigs in operation and two drillships, one of which is in operation and one of which is under construction. The Dragonquest drillship, to be acquired as described above, is expected to be delivered in April 2012, and the Tungsten Explorer drillship is expected to be delivered in the second quarter of 2013. The Company is also overseeing the construction of one additional drillship for a third party.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Vantage's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Vantage's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, Vantage does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors.
For further information, contact:
Paul A. Bragg
Chairman and Chief Executive Officer
(281) 404-4700
SOURCE: Vantage Drilling Company
Tootie Pie Company Directors Up Stake in CompanyFont size: A | A | A
9:00 AM ET 3/27/12 | PR Newswire
Tootie Pie Company, Inc. (OTCQB: TOOT) is pleased to announce that all five members of its Board of Directors increased their individual investment in Tootie Pie Company, the Company reported in a filing with the US Securities and Exchange Commission on Form 8K dated March 26, 2012.
"We are all pleased with the direction the Company is going, especially with our Tootie Pie Gourmet Cafes," said David Strolle, Board Member/Secretary. "We are expressing our support by increasing our individual investments in the Company."
The Company recently announced the opening of its sixth Tootie Pie Gourmet Cafe, located at the Village at Westlake Shopping Center: 701 Capitol of Texas Highway and Bee Caves Road in Austin, TX.
About Tootie Pie Co.
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual customers through sales in its Tootie Pie Gourmet Cafes, in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels. Tootie Pie Company is a public company traded on the OTCQB market under the symbol "TOOT." For additional information or to receive correspondence from Tootie Pie Company, please visit www.tootiepieco.com.
Forward-Looking Statements
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," and "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
Contact: Carla Carter Investor Relations210.737.6600Carla.Carter@tootiepieco.com
SOURCE Tootie Pie Company, Inc.
Independence Contract Drilling Announces Successful Private Placement
Mar 19, 2012 10:00:00 (ET)
HOUSTON, March 19, 2012 /PRNewswire via COMTEX/ -- Independence Contract Drilling, a newly formed Houston-based drilling contractor, today announces the closing of the second tranche of its formation financing. In total, Independence has raised $153 million in equity capital from a group of leading global energy investors, including Sprott Resource Corp., 4D Global Energy Advisors, and Lime Rock Partners.
The Company began operations in late 2011 to provide the US E&P industry with a fleet of state-of-the art, fast moving programmable AC rigs designed to be best in class for the drilling and development of shale and tight oil basins in North America. The Company is led by Byron Dunn, CEO, Steve Hale, President and COO, Philip Choyce, CFO and General Counsel, and Dave Brown, President - Rig Manufacturing, who combined have over 125 years of industry experience.
Independence is vertically integrated, and will manufacture and service its fleet of 1,600 horsepower and 1,000 horsepower programmable AC ShaleDriller rigs from its Houston headquarters. The ShaleDriller series AC rigs are designed to target longer-reach horizontal wells that are technically demanding and are more efficiently drilled by high-specification, programmable AC rigs that precisely control key drilling parameters. In addition, the ShaleDriller series has "walking" capability to allow the rig to be quickly moved to a new drilling location on a pad without disassembling and reassembling the rig.
The formation capital raised will fund the manufacture of Independence Contract Drillings' initial fleet of 15 new-build fast moving programmable AC ShaleDriller series rigs through year-end 2013 and up to 40 by the end of 2014. Independence's first two rigs are currently nearing completion and will begin working for customers under current contracts in the second quarter of 2012.
Byron Dunn, CEO of Independence, noted, "Today is an important day for Independence, as we are now fully capitalized to launch our plan to offer premium drilling services in the fastest growing basins in North America. We have already begun contracting with customers to help them drill wells quickly, safely, and efficiently, and we look forward to rapidly expanding our fleet. We believe that Independence Contract Drilling will differentiate itself through its state-of-the art fleet and internal field service group, providing the best service available to our customers."
Tom Bates, Chairman of Independence and a Senior Advisor to the Lime Rock Partners team, added, "The entire investor group in Independence is thrilled that the two successful equity raises have given us critical mass to become a leading premium drilling contractor. There is a renaissance in the North American tight oil and shale sector that has led to increasingly larger expectations for the availability of hydrocarbon resources in North America. Currently only 20% of the U.S. rig fleet features the programmable AC technology desired for unconventional drilling. We believe that as Byron, Steve, and the Independence team rapidly rolls out its fleet, they will combine differentiated customer service and outstanding rigs to meet the growing need for improved drilling performance required by our customers."
FBR Capital Markets advised Independence on various aspects of its capital raising and strategic development.
SOURCE Independence Contract Drilling
Strathmore Updates Project Outlook for 2012
Print
Alert
STRATHMORE MINERALS CORP. (TSX:STM)(OTCQX:STHJF) ("Strathmore" or the "Company")
is pleased to announce that further to the recently concluded strategic
investment by Korea Electric Power Corporation (KEPCO), the Company has now
completed its 2012 capital budget plans for aggressively advancing its core Roca
Honda, New Mexico and Gas Hills, Wyoming, uranium development projects. These
projects represent two of the most significant conventional uranium development
projects in the United States in the past thirty years, and are partnered with
Sumitomo, one of the world's largest integrated trading companies, and KEPCO,
one of the largest diversified worldwide energy companies, both leading
international firms that have recognized the need to invest and develop reliable
future uranium supplies.
Strathmore's 2012 capital budget is the largest in the Company's history and
will total US $15.8 million, including US $3.0 million from its partner Sumitomo
for their pro-rata share of permitting and development expenditures at Roca
Honda. The Roca Honda budget totals US $7.4 million. The Gas Hills budget has
been set at US $8 million as per the strategic definitive agreement announced
with KEPCO on January 31, 2012 and US $0.4 million for non-core properties in
Wyoming and New Mexico.
Corporate Milestones for 2012
Included in the 2012 capital budget are several key milestones the Company plans
to achieve:
-- Complete the Phase I US $8 million Gas Hills drilling and permitting
program, which includes first drilling by Strathmore at the highly
prospective Beaver Rim area, to explore and define the area's uranium
resources.
-- Submit the Gas Hills Mine Permit application to the Wyoming Department
of Environmental Quality by year end.
-- Initiate preparation of an Environmental Impact Statement for the Gas
Hills.
-- Complete the Roca Honda Preliminary Economic Assessment (PEA) and Pre-
Feasibility studies by Q3, in addition to the Feasibility study by year
end.
-- Submit the Pena Ranch, New Mexico NRC mill license application by year
end.
-- Continue working with the regulatory agencies for the completion of the
Roca Honda Environmental Impact Statement by year end, setting the stage
for a mine permit decision in 2013.
None-Core Properties
Since 2010, Strathmore has created considerable value through the disposition of
a number of non-core projects that have helped fund the Company's operations.
The Pine Tree-Reno Creek Properties were sold to Bayswater Uranium Corp., the
Oshoto leases were sold to Peninsula Energy as part of their Lance project, and
the Juniper Ridge project was sold to Crosshair Energy Corp in a phased purchase
and sale transaction. Strathmore continues to hold varying gross revenue
royalties on each of these projects, which are progressing toward development by
their respective operators. Strathmore is confident that these royalties will
generate considerable future value to Strathmore as these projects continue to
move forward. In addition, the Company retains eight properties with in-ground
uranium resources that are available for sale or joint venture, and is
continuing to explore other potential opportunities to enhance shareholder
value.
United States Uranium Outlook
Strathmore is well positioned in the United States, which remains the largest
uranium consumer in the world, despite ongoing and projected growth
internationally. The 104 nuclear reactors in the United States, which supply
approximately 22% of the country's electricity, consume 50-55 million lbs of
uranium annually, yet the US produces only 4-5 million lbs annually. Much of the
supply difference is derived from the "Megatons for Megawatts" treaty with
Russia, which is set to expire in 2013. The expiration of this treaty suggests
that US based utilities will eventually need to source long-life uranium assets,
which contributed to Strathmore taking the long-term approach by permitting its
largest and best conventional projects, as opposed to its smaller ISR projects.
Despite the current weak uranium price environment, the sector will require
higher prices to meet future uranium needs, ensure stability of supply, and
stimulate new exploration and mine development.
The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals
Corp., a Qualified Person under National Instrument 43-101.
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in
the strategic acquisition, exploration and development of uranium properties in
the United States. Headquartered in Vancouver, British Columbia with a branch
administrative office in Kelowna, the Company also has U.S. based Development
Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP.
Common Shares are listed on the TSX under the symbol "STM" and trade on the
OTCQX International electronic trading system in the United States under the
symbol "STHJF".
This news release contains "forward-looking information" that is based on
Strathmore Minerals Corp.'s current expectations, estimates, forecasts and
projections. This forward-looking information includes, among other things,
statements with respect to Strathmore's exploration and development plans,
outlook and business strategy. The words "may", "would", "could", "should",
"will", "likely", "expect," "anticipate," "intend", "estimate", "plan",
"forecast", "project" and "believe" or other similar words and phrases are
intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause Strathmore's actual results, level of activity,
performance or achievements to be materially different from those expressed or
implied by such forward-looking information. Such factors include, but are not
limited to: uncertainties related to the historical resource estimates, the work
expenditure commitments; the ability to raise sufficient capital to fund future
exploration or development programs; changes in economic conditions or financial
markets; changes in input prices; litigation; legislative, environmental and
other judicial, regulatory, political and competitive developments;
technological or operational difficulties or an inability to obtain permits
required in connection with maintaining, or advancing projects; and labour
relations matters.
This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. Strathmore
Minerals Corp. disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new information, future
events or otherwise.
ON BEHALF OF THE BOARD
David Miller, CEO
TOOT is really tooting. They should change their name to lingering fart.