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News Article | February 20, 2017
Site: www.prweb.com

Alterra Assessment Recovery, LLC is pleased to announce that Amanda Ybarra has been named Vice President. She will assist in the development and administration of the company’s daily operations, in addition to maintaining the company’s collection files. Amanda has been providing assessment debt recovery for community associations since 2009, when she began working for a prominent Orange County law firm. She joined Alterra Assessment Recovery in 2015 as a collection account manager, where she has been instrumental in streamlining Alterra’s processes, which included development of software and related operational processes. “We constantly receive positive feedback from our clients about Amanda,” says Tisha Lopez, Director of Administration and Assessment Collections. “She has contributed towards Alterra’s success to such an extent that our clients are pleased with the helpfulness and work ethic that she demonstrates. We anticipate that as Vice President, Amanda’s input, structure, and tenacity will continue to result in major growth for years to come.” About Alterra Alterra Assessment Recovery, LLC was founded by the principals of Tinnelly Law Group, PC with the goal of providing efficient and effective collection services, utilizing the best technology available and a skilled, dedicated team of professionals. Assessment revenue is the lifeblood of every community association. Alterra has recovered more than $2.3 million since 2013. Member CAI and CACM.


News Article | February 15, 2017
Site: www.prweb.com

Ramona Acosta, Director of Business Development for Tinnelly Law Group, PC, won the May Russell Lifetime Achievement Award given by the Orange County Regional Chapter of the Community Associations Institute (CAI) during its 40th Anniversary Gala and Orange County Excellence in Community Awards held at Disney's Grand Californian Hotel & Spa on February 8, 2017. Each year, the Orange County Chapter of CAI recognizes an outstanding individual who has been instrumental in the success of the Chapter. The Chapter's most prestigious award is named after May Russell, a former Irvine Company Executive who helped form CAI and was its first president. Recipients of this Award were first announced in 1988 at the Chapter's very first awards dinner. The Award is presented to an individual who has proved exemplary leadership and demonstrated the ideals and objectives of CAI through active participation at the local, regional and/or national level. Ramona has been a longtime supporter of CAI and an outstanding leader within the organization. She served on the Board of Directors from 2006-2011. She was the Treasurer in 2008 and the President in 2010. She provided leadership on several committees, including the Education Committee and Public Relations Committee. She represents the Chapter as a Delegate to CAI's California Legislative Action Committee, where she serves as the PR Chair, and she is recognized as a frequent speaker at industry events and luncheons. During her tenure on the Board, she helped resurrect the PCAM Assistance Fund, a program dedicated to assisting community association managers in earning the Professional Community Association Manager designation, the highest international designation for community association management. She helped the Chapter accomplish a 17% increase in manager certifications and she was instrumental in developing a relationship with the City of Santa Ana to educate its homeowners living in community associations, for which the Chapter received recognition from the Santa Ana City Council. She is highly regarded by her colleagues and business partners as a driving force in the industry and a true friend to many involved. About CAI-OCRC The mission of the Orange County Regional Chapter of Community Associations Institute (CAI-OCRC) is to provide education, networking, resources, and advocacy for community associations and the professionals and volunteers who serve them. CAI-OCRC has more 1,400 members representing the more than 4,200 communities in Orange County. The chapter is one of 62 Community Associations Institute chapters made up of over 33,500 members internationally. Visit http://www.caioc.org or call (714) 479-1022. About Tinnelly Law Group Tinnelly Law Group, PC is recognized by the community association industry as one of the top California HOA law firms. Since the firm’s founding in 1989, 100% of its efforts have been dedicated to representing HOAs and providing them with sensible and cost-effective solutions to their diverse legal problems. It counsels hundreds of HOAs throughout California through legal issues related to corporate governance, enforcement, maintenance, insurance, litigation and transactional matters. Tinnelly Law Group recently launched FindHOALaw, a robust resource for HOA law and legal information. Its substantial volume of content and easy-to-use interface help users better understand the unique body of law governing HOAs in California. Tinnelly Law Group also provides its clients with access to comprehensive assessment collection services through the use of its affiliate, Alterra Assessment Recovery. Tinnelly Law Group has offices in Orange County, San Diego, Riverside County, Los Angeles, and the San Francisco Bay Area. Member CAI and CACM.


News Article | February 16, 2017
Site: www.prnewswire.co.uk

CHICAGO, Feb. 16, 2017 /PRNewswire/ -- CNA today announced the appointment of Douglas Worman to fill the newly created position of Executive Vice President and Chief Underwriting Officer, effective March 7. He reports to Dino E. Robusto, Chairman and Chief Executive Officer, CNA. In this role, Worman, working jointly with the Presidents of Commercial, Specialty and International, all of whom will continue to report to Robusto, will further strengthen CNA's underwriting strategy, expertise and execution. "Doug is enormously skilled and highly regarded for his depth of knowledge across a wide range of Property and Casualty lines of business, as well as having extensive broker relationships," Robusto said. "Under Doug's leadership, we will build upon our strong underwriting foundation and utilize his experience to broaden our profitable growth opportunities around the world." An experienced insurance leader, Worman most recently served as the CEO of U.S. Insurance at Endurance Holdings, where he was responsible for profitably growing the business, enhancing underwriting strategies, empowering talent, and improving agent/broker relationships. Prior to that role, Worman held executive positions at Alterra Capital Holdings and Sharebridge Private Equity Consolidated. He began his insurance career as an underwriter at AIG, where he worked his way up to President and CEO of the carrier's Excess Casualty Group. About CNA Serving businesses and professionals since 1897, CNA is the country's eighth largest commercial insurance writer and the 14th largest property and casualty company. CNA's insurance products include commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. "CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" trademark in connection with insurance underwriting and claims activities.


MEMPHIS, Tenn.--(BUSINESS WIRE)--ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced unaudited fourth-quarter and full year 2016 results. For the fourth-quarter, the company reported a year-over-year revenue increase of 5 percent, and, for the full year, the company reported a year-over-year revenue increase of 6 percent. Both the fourth quarter and full year increases in revenue were driven primarily by organic growth at American Home Shield (“AHS”), the impacts of acquiring Alterra Pest Control, LLC (“Alterra”) in November 2015, OneGuard Home Warranties (“OneGuard”) in June 2016 and Landmark Home Warranty (“Landmark”) in November 2016. Fourth-quarter 2016 net income was $31 million, or $0.23 per share, versus $17 million, or $0.12 per share, in the same period in 2015. Full year 2016 net income was $155 million, or $1.13 per share, versus full year 2015 net income of $160 million, or $1.17 per share. Pre-tax income includes charges for fumigation related matters of $93 million in the full year 2016 and $9 million in the fourth-quarter and full year 2015, an insurance reserve adjustment of $23 million in the full year 2016 and a loss on extinguishment of debt of $32 million in the fourth-quarter and full year 2016 and $58 million in the full year 2015. Additionally, fourth-quarter and full year 2015 include an estimated charge relating to our voluntary correction proposal to our 401(k) plan for $23 million. Fourth-quarter 2016 Adjusted EBITDA was $144 million, a year-over-year increase of $20 million, or 16 percent, primarily driven by an increase in Adjusted EBITDA of $18 million at AHS. Full year 2016 Adjusted EBITDA was $667 million, a year-over-year increase of $45 million, or 7 percent, driven largely by increases at Terminix and AHS of $24 million and $15 million, respectively. Fourth-quarter 2016 adjusted net income was $60 million, or $0.44 per share, versus $45 million, or $0.33 per share, for the same period in 2015. Full year 2016 adjusted net income was $281 million, or $2.04 per share, versus full year 2015 adjusted net income of $245 million, or $1.80 per share. Rob Gillette, ServiceMaster’s chief executive officer, noted: “This was another solid quarter. At American Home Shield, both revenue and Adjusted EBITDA growth increased as we continue to focus on streamlining operations, growing organically and capitalizing on recent acquisitions. At Terminix, our investment in our termite business continues to show progress as year-over-year sales and revenue continue to grow. Challenges remain in our pest control business but we are confident the operational changes we are making will improve customer service and retention and result in solid growth in the future.” A reconciliation of both adjusted net income and Adjusted EBITDA to net income, as well as a reconciliation of free cash flow to net cash provided from operating activities from continuing operations, are set forth below in this press release. Terminix reported a 3 percent year-over-year revenue increase in the fourth-quarter of 2016, driven by the impact of the Alterra acquisition in November 2015 and organic growth, primarily driven by improved pricing. Adjusted EBITDA decreased 4 percent, or $3 million, versus prior year, primarily reflecting a $4 million increase in production labor costs associated with the company’s effort to improve customer service, $2 million increase in technology costs and $2 million increase in other costs, offset, in part, by $4 million from the conversion of higher revenue and $1 million decrease in fuel costs. For the year, Terminix reported a 6 percent year-over-year revenue increase, driven by the impact of the Alterra acquisition in November 2015 and organic growth, primarily driven by improved pricing. Adjusted EBITDA increased 7 percent, or $24 million, versus prior year, primarily reflecting $36 million from the conversion of higher revenue, $5 million decrease in fuel costs, and $1 million decrease in other costs, offset, in part, by $12 million increase in technology costs and $6 million increase in production labor costs associated with the company’s effort to improve customer service. American Home Shield reported a 14 percent year-over-year revenue increase in the fourth-quarter of 2016 driven by growth in the number of home warranties, improved pricing and the impact of the OneGuard and Landmark acquisitions in June and November 2016, respectively. AHS’s organic revenue growth was 8 percent in the fourth-quarter versus prior year. For the quarter, Adjusted EBITDA increased 56 percent, or $18 million, versus prior year, primarily reflecting a $6 million increase from the conversion of higher revenue, $11 million decrease in contractor claims costs primarily associated with prior year use of out of network contractors, and $2 million of Adjusted EBITDA associated with the OneGuard and Landmark acquisitions, offset, in part, by a $1 million increase in technology costs. For the year, American Home Shield reported an 11 percent year-over-year revenue increase, driven by growth in the number of home warranties, improved pricing and the impact of the OneGuard and Landmark acquisitions. AHS’s organic revenue growth was 9 percent versus prior year. Adjusted EBITDA increased 7 percent, or $15 million, versus prior year, primarily reflecting a $33 million increase from the conversion of higher revenue and $4 million of Adjusted EBITDA associated with the OneGuard and Landmark acquisitions, offset, in part, by a $12 million increase in sales and marketing costs, a $7 million increase in technology costs and a $3 million decrease in investment income. The Franchise Services Group reported a 7 percent year-over-year revenue decrease in the fourth-quarter of 2016 driven by the conversion of company-owned Merry Maids branches to franchises, offset, in part, by higher fee revenue. Adjusted EBITDA increased 11 percent, or $2 million, versus prior year, primarily reflecting higher fee revenue. For the year, the Franchise Services Group reported a 14 percent year-over-year revenue decrease primarily driven by the conversion of company-owned Merry Maids branches to franchises and a decrease in other revenue, offset, in part, by higher fee revenue. Adjusted EBITDA increased 3 percent or $2 million versus prior year, primarily reflecting $6 million in cost reductions, offset, in part, by a $3 million loss of EBITDA from previously company-owned Merry Maid branches converted to franchises and $1 million decrease from the conversion of lower revenue. For the year ended December 31, 2016, net cash provided from operating activities from continuing operations decreased to $325 million from $398 million for the year ended December 31, 2015. During the year ended December 31, 2016, payments in connection with the settlements of fumigation related matters totaled $90 million ($56 million, net of tax). Net cash used for investing activities from continuing operations was $133 million for the year ended December 31, 2016 compared to $98 million for the year ended December 31, 2015. Net cash used for financing activities from continuing operations was $102 million for the year ended December 31, 2016 compared to $381 million for the year ended December 31, 2015. During the year ended December 31, 2015, the company paid down approximately $340 million in debt. During the year ended December 31, 2016, we used $60 million to purchase 1.6 million shares of company stock and refinanced our prior $2.4 billion term loan with a new $1.650 billion term loan and $750 million of unsecured debt. Free cash flow(3) was $270 million for the year ended December 31, 2016 compared to $358 million for the year ended December 31, 2015. As previously disclosed, on January 20, 2017, the company entered into a new plea agreement in connection with the investigation initiated by the United States Department of Justice (DOJ) related to the U.S. Virgin Islands matter. Under the terms of the new plea agreement we have agreed to pay fines, community service and government costs totaling up to $10 million, which is equivalent in total amount to the financial terms under the superseding plea agreement that was previously rejected by the court. Unlike the superseding plea agreement, however, the new plea agreement is non-binding on the court. It is possible that the court could use its discretion to impose fines or other terms different than those in the new plea agreement. The new plea agreement is subject to the approval of the court and, if approved, will resolve the federal criminal consequences associated with the DOJ investigation. On February 23, 2016, the company’s board of directors authorized a three-year share repurchase program, under which the company may purchase up to $300 million of outstanding shares of common stock. During the fourth-quarter and full year 2016, the company purchased 224,772 shares and 1,646,716 shares, respectively, of common stock at an average price paid per share of $35.57 and $36.65, respectively. Additionally, year-to-date through February 17, 2017, the company purchased 1.1 million shares of common stock at an average price paid per share of $37.50. On November 8, 2016, the company refinanced its prior Term Loan B due 2021 and $300 million revolving credit facility due 2019 with the proceeds of a new $1.650 billion Term Loan B due 2023, a new $300 million revolving credit facility due 2021 and $750 million of unsecured debt maturing in 2024. On November 30, 2016, American Home Shield acquired Landmark Home Warranty. The acquisition expands the company's home warranty footprint in Arizona, Idaho, Nevada, Oregon, Texas and Utah. Based in Salt Lake City, Landmark has provided affordable and comprehensive home warranties to customers since 2004. On January 18, 2017, the company announced that Senior Vice President and Chief Financial Officer Alan Haughie will retire in March 2017, following the announcement of the Company’s financial results for the quarter and year ended December 31, 2016 and the filing of its Annual Report on Form 10-K for the year ended December 31, 2016 (“2016 10-K”). The Company also announced that Anthony (Tony) DiLucente has joined the Company as a Senior Vice President and will assume the role of Chief Financial Officer after the filing of the 2016 10-K. The company expects full-year 2017 revenue to range from $2,885 million to $2,915 million, or an increase of between 5 percent and 6 percent compared to 2016. Full-year 2017 Adjusted EBITDA is anticipated to range from $700 million to $715 million, or an increase of 5 percent to 7 percent compared to 2016. Our 2017 outlook excludes the impact of potential acquisitions. The company expects organic revenue growth at Terminix to range from 1 percent to 2 percent for full-year 2017 compared to prior year and, for the first-quarter of 2017, the company expects Terminix organic revenue growth to be flat compared to prior year. The company expects Terminix organic revenue growth to accelerate in the second half of 2017 as Terminix’s focus on customer service drives higher retention of our pest control customers. The company expects Terminix to incur additional labor costs associated with service delivery improvement in 2017 resulting in Adjusted EBITDA margins remaining flat to down 1 percent compared to 2016. The company expects American Home Shield full-year 2017 revenue growth to range from 12 percent to 14 percent. A reconciliation of the forward-looking 2017 Adjusted EBITDA outlook to net income is not being provided as the company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliation. The company will discuss its fourth-quarter and full year 2016 financial and operating results during a conference call at 8 a.m. central time (9 a.m. eastern time) today, February 23, 2017. To participate on the conference call, interested parties should call 888.612.1053 (or international participants, 303.223.2694). Additionally, the conference call will be available via webcast. A slide presentation highlighting the company’s results will also be available. To participate via webcast and view the slide presentation, visit the company’s investor relations home page. The call will be available for replay until March 25, 2017. To access the replay of this call, please call 800.633.8284 and enter reservation number 21842769 (international participants: 402.977.9140, reservation number 21842769). You may also review the webcast on the company’s investor relations home page. ServiceMaster Global Holdings, Inc. is a leading provider of essential residential and commercial services, operating through an extensive service network of more than 8,000 company-owned locations and franchise and license agreements. The company’s portfolio of well-recognized brands includes American Home Shield (home warranties), AmeriSpec (home inspections), Furniture Medic (furniture and cabinet repair), Merry Maids (residential cleaning), ServiceMaster Clean (janitorial), ServiceMaster Restore (disaster restoration) and Terminix (termite and pest control). The company is headquartered in Memphis, Tenn. Go to www.servicemaster.com for more information about ServiceMaster or follow the company at twitter.com/ServiceMaster or Facebook.com/ServiceMaster. This press release contains forward-looking statements and cautionary statements, including 2017 revenue and Adjusted EBITDA outlook and approval of the U.S. Virgin Islands new plea agreement. Some of the forward-looking statements can be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “seeks,” “aims,” “projects,” “is optimistic,” “intends,” “plans,” “estimates,” “anticipates” or other comparable terms. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control, including, without limitation, the risks and uncertainties discussed in the “Risk Factors” and “Information Regarding Forward-Looking Statements” sections in the company’s reports filed with the U.S. Securities and Exchange Commission. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Additional factors that could cause actual results and outcomes to differ from those reflected in forward-looking statements include, without limitation, lawsuits, enforcement actions and other claims by third parties or governmental authorities; compliance with, or violation of environmental health and safety laws and regulations; 401(k) Plan corrective contribution; the effects of our substantial indebtedness; changes in interest rates, because a significant portion of our indebtedness bears interest at variable rates; weakening general economic conditions; weather conditions and seasonality; the success of our business strategies, and costs associated with restructuring initiatives. The company assumes no obligation to update the information contained herein, which speaks only as of the date hereof. This press release contains certain non-GAAP financial measures. Non-GAAP measures should not be considered as an alternative to GAAP financial measures. Non-GAAP measures may not be calculated or comparable to similarly titled measures of other companies. See non-GAAP reconciliations below in this press release for a reconciliation of these measures to the most directly comparable GAAP financial measures. Adjusted EBITDA, adjusted net income, adjusted earnings per share and free cash flow are not measurements of the company’s financial performance under GAAP and should not be considered as an alternative to net income, net cash provided by operating activities from continuing operations or any other performance or liquidity measures derived in accordance with GAAP. Management uses these non-GAAP financial measures to facilitate operating performance and liquidity comparisons, as applicable, from period to period. We believe these non-GAAP financial measures are useful for investors, analysts and other interested parties as they facilitate company-to-company operating and liquidity performance comparisons, as applicable, by excluding potential differences caused by variations in capital structures, taxation, the age and book depreciation of facilities and equipment, restructuring initiatives and equity-based, long-term incentive plans. (1) Adjusted EBITDA is defined as net income before: depreciation and amortization expense; 401(k) Plan corrective contribution; fumigation related matters; insurance reserve adjustment; non-cash stock-based compensation expense; restructuring charges; gain on sale of Merry Maids branches; non-cash impairment of software and other related costs; loss from discontinued operations, net of income taxes; provision for income taxes; loss on extinguishment of debt; interest expense; and other non-operating expenses. The company’s definition of Adjusted EBITDA may not be comparable to similarly titled measures of other companies. (2) Adjusted net income is defined as net income before: amortization expense; 401(k) Plan corrective contribution; fumigation related matters; insurance reserve adjustment; restructuring charges; gain on sale of Merry Maids branches; impairment of software and other related costs; loss from discontinued operations, net of income taxes; loss on extinguishment of debt; and the tax impact of the aforementioned adjustments. The company’s definition of adjusted net income may not be comparable to similarly titled measures of other companies. Adjusted earnings per share is calculated as adjusted net income divided by the weighted-average diluted common shares outstanding. (3)Free cash flow is defined as net cash provided from operating activities from continuing operations less property additions. (4)Corporate includes The ServiceMaster Acceptance Company Limited Partnership (SMAC) and the unallocated expenses of our headquarters function. (1) For the three months and year ended December 31, 2016, organic pest control revenue growth was negatively impacted by a $2 million revenue decline associated with Alterra. To the extent the impact of the Alterra acquisition is excluded, organic pest control revenue growth would be negative 1 percent for the fourth-quarter and 1 percent for the full year. (2) Termite renewal revenue comprised 47 percent and 48 percent of total revenue from Termite and Other Services for the fourth-quarter of 2016 and 2015, respectively. For the full year 2016 and 2015, termite renewal revenue comprised 51 percent and 50 percent, respectively, of total revenue from Termite and Other Services. (1) As of December 31, 2016, excluding the OneGuard and Landmark accounts acquired on June 27, 2016 and November 30, 2016, respectively, the growth in home warranties was 7 percent, and, excluding all OneGuard and Landmark accounts, the customer retention rate for our American Home Shield segment was 75 percent.


News Article | February 23, 2017
Site: www.altenergystocks.com

Debra Fiakas is the Managing Director of , an alternative research resource on small capitalization companies in selected industries. Last week, one of the leaders in a development consortium, Iceland’s largest privately owned energy generator HS Orka hf , announced the completion of a project to prove the merits of deeper geothermal wells.  The project in the Reykjanes Peninsula in southern Iceland reached 4,659 meters depth in January 2017, where temperatures measured 427 degrees Centigrade and fluid pressure was 340 bars.  By all accounts the project was successful, suggesting that deep wells could a cost effective approach to geothermal energy.The drilling program was mentioned in early December 2015 a recent post “Hot Rocks, Warm Stock,” which touched on the option of investing in a larger company, Statoil (STL: SW or STO:  NYSE) , for a stake in geothermal technologies for renewable energy.   Unfortunately, a position in Statoil brings with it the noise of Statoil’s fossil fuel interests.  Fortunately, for the more environmentally-conscious investor, there is an alternative.HS Orka is majority owned by Alterra Power AXY :  TO or MGMXF: OTC) a Canada-based geothermal power generation company.  Alterra has interests in eight different power facilities totaling 825 megawatts of generation capacity using hydro, wind, geothermal and solar technologies.  The assets are located in Texas and Indiana in the U.S., British Columbia in Canada and, of course, the HS Orka asset in Iceland. Alterra’s development pipeline includes additional geothermal projects in Iceland through HS Orka, in Peru through a local Energy Development Corporation, and in Italy through Graziella Green Power.  Notably HS Orka is also planning new hydro-electric projects, in which Alterra will participate.  No doubt the knowledge gained during the recently completed deep well drilling project will boost HS Orka’s geothermal development as well.Alterra Power reported $42.9 million in total sales in the first nine months of the year 2016, providing $2.7 million in net income or $0.06 per share.  Since there is considerable noise in reported income from charges and benefits through the shifting values of equity derivatives, the financial fortunes of this company are best viewed from the perspective of cash earnings.  Operations generated $15.5 million in cash in the first nine months of 2016, representing sales-to-cash conversion rate of 33.8%.  This compares favorably to the conversion rate in the previous year of 28.0%, and suggests Alterra can consistently generate cash for future investments.Internal cash resources have not been enough for Alterra’s ambitious development plans.  The company had $273.6 million in long-term debt on the balance sheet at the end of September 2016.  The debt-to-equity ratio was 1.15, suggesting there is potential for additional leverage if the company needs to move aggressively in its renewable energy markets.Alterra’s common stock trades on the Toronto exchange under the symbol AXY, but investors can also gain access through the Over-the-Counter Pink Sheets where the stock is quoted as MGMXF.  The shares have traded off in recent weeks providing a compelling entry point for shareholders with the lengthy investor horizon and risk tolerance for smaller companies. Neither the author of the Small Cap Strategist web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein.


VANCOUVER, Feb. 21, 2017 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) ("Alterra" or the "Company") will release its audited results for the year ended December 31, 2016 on Wednesday, March 15, 2017 after market close. A conference call and live audio webcast to discuss the results will...


News Article | February 28, 2017
Site: www.prnewswire.com

VANCOUVER, Feb. 27, 2017 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) ("Alterra") announces that its 66.6% owned Icelandic subsidiary, HS Orka hf, today released audited financial and operating results for the year ended December 31, 2016. HS Orka's financial statements are prepared in...


LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Utilities - Independent Power Producers industry. Companies recently under review include Northland Power, Alterra Power, TransAlta, and Fortis. Get all of our free research reports by signing up at: At the closing bell on Tuesday, February 21, 2017, the Toronto Exchange Composite index edged 0.53% higher to finish the trading session at 15,922.37 on a total volume of 401,881,646 shares exchanging hands for the day. Active Wall St. has initiated research reports on the following equities: Northland Power Inc. (TSX: NPI), Alterra Power Corporation (TSX: AXY), TransAlta Corporation (TSX: TA), and Fortis Inc. (TSX: FTS). Register with us now for your free membership and research reports at: Toronto, Canada headquartered Northland Power Inc.'s stock edged 0.04% lower, to finish Tuesday's session at $24.59 with a total volume of 201,203 shares traded. Over the last one month and the previous three months, Northland Power's shares have gained 5.09% and 14.37%, respectively. Furthermore, the stock has advanced 30.11% in the past one year. Shares of the Company, which develops, builds, owns, and operates power generation projects primarily in Canada and Europe, are trading above its 50-day and 200-day moving averages. Northland Power's 50-day moving average of $23.93 is above its 200-day moving average of $23.49. See our research report on NPI.TO at: On Tuesday, shares in Alterra Power Corp. recorded a trading volume of 19,266 shares. The stock ended the day 1.33% lower at $5.20. Alterra Power's stock has gained 5.26% in the last three months and 15.56% in the previous one year. Shares of the Company, which through its subsidiary companies, operates, develops, explores and acquires renewable power projects, are trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $5.80 is above its 50-day moving average of $5.26. The complimentary research report on AXY.TO at: On Tuesday, shares in Calgary, Canada headquartered TransAlta Corp. ended the session 0.13% lower at $7.40 with a total volume of 692,562 shares traded. TransAlta's shares have gained 31.21% in the last three months and 24.58% in the previous one year. The stock is trading above its 200-day moving average. Further, the Company's 50-day moving average of $7.69 is greater than its 200-day moving average of $6.56. Shares of TransAlta, which operates as non-regulated electricity generation and energy marketing company in Canada, the US, and Western Australia, are trading at a PE ratio of 11.56. Register for free and access the latest research report on TA.TO at: St. John's, Canada headquartered Fortis Inc.'s stock closed the day 0.05% lower at $43.18. The stock recorded a trading volume of 1.68 million shares, which was above its three months' average volume of 910,577 shares. Fortis' shares have advanced 4.83% in the last one month and 6.46% in the past three months. Furthermore, the stock has gained 13.01% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $41.70 is greater than its 50-day moving average of $41.63. Shares of the Company, which operates as an electric and gas utility company in Canada, the US, and the Caribbean, are trading at a PE ratio of 23.04. 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If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Utilities - Independent Power Producers industry. Companies recently under review include Northland Power, Alterra Power, TransAlta, and Fortis. Get all of our free research reports by signing up at: At the closing bell on Tuesday, February 21, 2017, the Toronto Exchange Composite index edged 0.53% higher to finish the trading session at 15,922.37 on a total volume of 401,881,646 shares exchanging hands for the day. Active Wall St. has initiated research reports on the following equities: Northland Power Inc. (TSX: NPI), Alterra Power Corporation (TSX: AXY), TransAlta Corporation (TSX: TA), and Fortis Inc. (TSX: FTS). Register with us now for your free membership and research reports at: Toronto, Canada headquartered Northland Power Inc.'s stock edged 0.04% lower, to finish Tuesday's session at $24.59 with a total volume of 201,203 shares traded. Over the last one month and the previous three months, Northland Power's shares have gained 5.09% and 14.37%, respectively. Furthermore, the stock has advanced 30.11% in the past one year. Shares of the Company, which develops, builds, owns, and operates power generation projects primarily in Canada and Europe, are trading above its 50-day and 200-day moving averages. Northland Power's 50-day moving average of $23.93 is above its 200-day moving average of $23.49. See our research report on NPI.TO at: On Tuesday, shares in Alterra Power Corp. recorded a trading volume of 19,266 shares. The stock ended the day 1.33% lower at $5.20. Alterra Power's stock has gained 5.26% in the last three months and 15.56% in the previous one year. Shares of the Company, which through its subsidiary companies, operates, develops, explores and acquires renewable power projects, are trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $5.80 is above its 50-day moving average of $5.26. The complimentary research report on AXY.TO at: On Tuesday, shares in Calgary, Canada headquartered TransAlta Corp. ended the session 0.13% lower at $7.40 with a total volume of 692,562 shares traded. TransAlta's shares have gained 31.21% in the last three months and 24.58% in the previous one year. The stock is trading above its 200-day moving average. Further, the Company's 50-day moving average of $7.69 is greater than its 200-day moving average of $6.56. Shares of TransAlta, which operates as non-regulated electricity generation and energy marketing company in Canada, the US, and Western Australia, are trading at a PE ratio of 11.56. Register for free and access the latest research report on TA.TO at: St. John's, Canada headquartered Fortis Inc.'s stock closed the day 0.05% lower at $43.18. The stock recorded a trading volume of 1.68 million shares, which was above its three months' average volume of 910,577 shares. Fortis' shares have advanced 4.83% in the last one month and 6.46% in the past three months. Furthermore, the stock has gained 13.01% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $41.70 is greater than its 50-day moving average of $41.63. Shares of the Company, which operates as an electric and gas utility company in Canada, the US, and the Caribbean, are trading at a PE ratio of 23.04. Get free access to your research report on FTS.TO at: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Utilities - Independent Power Producers industry. Companies recently under review include Northland Power, Alterra Power, TransAlta, and Fortis. Get all of our free research reports by signing up at: At the closing bell on Tuesday, February 21, 2017, the Toronto Exchange Composite index edged 0.53% higher to finish the trading session at 15,922.37 on a total volume of 401,881,646 shares exchanging hands for the day. Active Wall St. has initiated research reports on the following equities: Northland Power Inc. (TSX: NPI), Alterra Power Corporation (TSX: AXY), TransAlta Corporation (TSX: TA), and Fortis Inc. (TSX: FTS). Register with us now for your free membership and research reports at: Toronto, Canada headquartered Northland Power Inc.'s stock edged 0.04% lower, to finish Tuesday's session at $24.59 with a total volume of 201,203 shares traded. Over the last one month and the previous three months, Northland Power's shares have gained 5.09% and 14.37%, respectively. Furthermore, the stock has advanced 30.11% in the past one year. Shares of the Company, which develops, builds, owns, and operates power generation projects primarily in Canada and Europe, are trading above its 50-day and 200-day moving averages. Northland Power's 50-day moving average of $23.93 is above its 200-day moving average of $23.49. See our research report on NPI.TO at: On Tuesday, shares in Alterra Power Corp. recorded a trading volume of 19,266 shares. The stock ended the day 1.33% lower at $5.20. Alterra Power's stock has gained 5.26% in the last three months and 15.56% in the previous one year. Shares of the Company, which through its subsidiary companies, operates, develops, explores and acquires renewable power projects, are trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $5.80 is above its 50-day moving average of $5.26. The complimentary research report on AXY.TO at: On Tuesday, shares in Calgary, Canada headquartered TransAlta Corp. ended the session 0.13% lower at $7.40 with a total volume of 692,562 shares traded. TransAlta's shares have gained 31.21% in the last three months and 24.58% in the previous one year. The stock is trading above its 200-day moving average. Further, the Company's 50-day moving average of $7.69 is greater than its 200-day moving average of $6.56. Shares of TransAlta, which operates as non-regulated electricity generation and energy marketing company in Canada, the US, and Western Australia, are trading at a PE ratio of 11.56. Register for free and access the latest research report on TA.TO at: St. John's, Canada headquartered Fortis Inc.'s stock closed the day 0.05% lower at $43.18. The stock recorded a trading volume of 1.68 million shares, which was above its three months' average volume of 910,577 shares. Fortis' shares have advanced 4.83% in the last one month and 6.46% in the past three months. Furthermore, the stock has gained 13.01% in the previous one year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $41.70 is greater than its 50-day moving average of $41.63. Shares of the Company, which operates as an electric and gas utility company in Canada, the US, and the Caribbean, are trading at a PE ratio of 23.04. Get free access to your research report on FTS.TO at: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | November 21, 2016
Site: www.prweb.com

Alterra Home Loans has hired Alex Urmersbach and promoted Yvonne Yacono to bolster its finance department as the company continues on a steady growth path. Urmersbach has joined the team as Chief Financial Officer (CFO), which Yacono will now serve as the Chief Business Officer. Alterra has brought on Alex Urmersbach as the company’s CFO. In this role, Urmersbach will focus on executing financial strategies, planning and analysis. Urmersbach brings more than a decade of experience to the role, which he will employ to continue driving Alterra’s mission to create wealth through home ownership. “I joined Alterra because I believe in the leadership, culture and mission, all which has built an infrastructure that sets up for continued growth of the business.” Urmersbach said. Previously, Urmersbach served as finance and strategy executive for Prospect Mortgage and Bank of America, as well as working for several financial institutions in South America and Europe. “These two positions have Alterra in a great place to focus on the future,” said President and CEO Jason Madiedo. “Alex brings the skills we need to build a larger, more responsible and more sustainable business. And in her new role, Yvonne will ensure Alterra’s strength and continued hunger to serve our mission.” Yvonne Yacono previously served as Alterra’s Director of Finance, where she has improved department efficiency, added payroll and loan purchase processing and provided interim servicing management to the team. In her new role as Chief Business Officer, Yacono will manage and develop the company’s accounting and finance operations, including payroll, servicing and process improvements throughout each department. Yacono has a diverse background in finance, having worked in banking, healthcare, hospitality, mortgage and in homebuilding, having worked for several of the country’s top 10 homebuilders. She is hands-on and seeks improvement in everything that she does, using Walt Disney’s famous quote, “If you can dream it, you can do it,” as a guide. “That is how I live my life,” Yacono said. “I go after my dreams and give my very best to make those dreams happen and to build the people around me.” About Alterra Home Loans Alterra Home Loans is a minority-owned, top U.S. mortgage bank and the second-largest Hispanic-owned mortgage company in the country. With loan coverage in 12 U.S. states, Alterra strives to represent the underserved in the mortgage industry, specifically serving the Hispanic community to help build wealth through home ownership.

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