News Article | May 15, 2017
For the first quarter this year, the Company had net income of $58,000, or $0.02 per share, compared to net income of $7,000 in the first quarter last year. Income from operations in the first quarter this year was $508,000 compared to income from operations in the first quarter of 2016 of $647,000. The decline in income from operations was attributable principally to a modest decline in the gross margin rate from 25.8% in 2016 to 23.6% in 2017, which reflected the mix of products sold. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the First Quarter 2017 were $874,000 compared to EBITDA of $996,000 for the same period of 2016. To provide additional information regarding the Company's results, we have disclosed in this press release EBITDA (Earnings Before Interest Taxes Depreciation and Amortization). The Company defines EBITDA as earnings (loss) before net interest, other expense, taxes, depreciation and amortization expense. The Company has included EBITDA as a supplemental financial measure in this press release because it is a key measure used by management and the board of directors to understand and evaluate the core operating performance of the Company, to prepare budgets and operating plans, and because management believes such measure provides useful information in understanding and evaluating the Company's operating results. However, use of EBITDA as an analytic tool has its limitations and you should not consider this measure in isolation or as a substitute for analysis of the Company's financial results as reported under GAAP. A reconciliation to the closest GAAP statement of this non-GAAP measure is contained in the accompanying tables. : CTI Industries Corporation, based in suburban Chicago, is one of the leading manufacturers and marketers of foil and latex balloons, develops, produces and markets vacuum sealing systems for household use, produces laminated and printed films for commercial uses and markets home organizing products. CTI markets its products throughout the United States and in a number of other countries. Statements made in this release that are not historical facts are "forward-looking" statement (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change at any time. These "forward-looking" statements may include, but are not limited to, statements containing words such as "may," "should," "could," "would," "expect," "plan," "goal," "anticipate," "believe," "estimate," "predict," "potential," "continue," or similar expressions. Factors that could cause results to differ are identified in the public filings of the Company with the Securities and Exchange Commission. More information on factors that could affect CTI's business and financial results are included in its public filings made with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cti-industries-corporation-reports-first-quarter-2017-results-300457107.html
News Article | June 1, 2017
While doors are opening to people with disabilities, traditional approaches to accommodations can fall short when it comes to creating true engagement. That’s among the main findings from the “Co-Active Accessibility and Wholeness Project” (CAWP) Report released by The Coaching Training Institute (CTI). Though the report focuses on the coaching and leadership development industries, its findings will also broaden the horizons of organizations that seek to leverage the talent of people with disabilities. The project has three primary objectives aimed at advancing the leadership of people with disabilities at every level of society: “The report summarizes the initial findings of work to bring accessibility and inclusion to the field of coaching and leadership development,” explains Barton Cutter, Accessibility Consultant for CTI and who has Cerebral Palsy himself. “One of the findings is a fresh approach to designing accommodations that meet the accessibility challenges of an individual while also deepening and enhancing the learning process for all.” “The impact,” adds Cutter, “is shifting the conversation from one of simply attempting to make the able-bodied world accessible to people with disabilities, which can unnecessarily emphasize apparent deficits; to one focused on how the learning experience of all can be enriched by unique perspectives.” John Vercelli, CTI’s Co-President comments: “CTI holds that each person is naturally creative, resourceful and whole, and, that everyone is a leader. “The Project demonstrates our commitment to these beliefs,” he added. “In practical terms, we are supporting individuals who are willing to take responsibility for the world around them, by developing their coaching and leadership skills. This hold true regardless of disability or perceived challenge.” To further communicate the message of the report, Cutter and his colleague Eileen Blumenthal, Co-Director of Coach Training at CTI, will make a presentation entitled: “Creating Mutual Inclusivity: the Art of Making Coach Training Accessible to Students with Unique Abilities,” at the Association of Coach Training Organization’s (ACTO) 2017 international conference, June 8-10, in Toronto, Ontario, Canada. About CTI: CTI® (also known as The Coaches Training Institute ®), is the largest in-person coach training school in the world. With more than 50,000 people from more than 100 countries, trained worldwide, including employees of upwards of half the Fortune 500, CTI's transformative learning programs successfully demonstrate coaching as a core leadership competency. The book, Co-active Coaching, is the most popular book on coaching, often used by other coach training programs too, and is now in its third edition. With 100,000 copies sold, it’s been published in more than 10 languages worldwide.
News Article | May 25, 2017
LOS ANGELES, CA / ACCESSWIRE / May 25, 2017 / On May 22, 2017, Cavitation Technologies, Inc. (OTCQB: CVAT; Berlin: WTC), announced financial results for the fiscal quarter ended on March 31, 2017. The company reported record quarterly revenues of 1,381,000, a 1,525% increase compared to revenue of $85,000 in the quarter of the prior fiscal year. Net income for its third fiscal quarter ended March 31, 2017 was also a record $569,000 compared to a net loss of ($64,000) in the same period of the prior fiscal year. Below are the results of operations for the recent fiscal quarter: "We had record revenue and profit in the fiscal third quarter of 2017," said Neil Voloshin, COO/CFO of Cavitation Technologies, Inc. "Our primary sales targets this quarter were in North America and Europe. Additionally, CTi signed a strategic license, marketing and R&D agreement with GEA Group, Westfalia and this agreement covers new applications for our technology in water treatment and food processing. We are pleased that our diversified business model and strategic partnerships have continued to work well and we expect that it will provide us an opportunity for accelerated global sales growth," concluded Mr. Voloshin. Other highlights for the quarter included: The company's full results can be found at http://cvat.info/investors/. Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, devices and systems as well as develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algae oil extraction, alcoholic beverage enhancement and water treatment. As an add-on to its existing neutralization systems, the company's patented Nano Reactor™ allows refiners to significantly reduce both processing costs and environmental impact, while also increasing yield. Follow us on Twitter for real time updates: https://twitter.com/cavitationtech Like us on Facebook to receive live feeds updates: https://www.facebook.com/ctinanotech Find us on LinkedIn https://www.linkedin.com/company/cavitation-technologies GEA is one of the largest suppliers for the food processing industry and a wide range of process industries that generated consolidated revenues of approximately EUR 4.6 billion in 2015. As an international technology group, the Company focuses on process technology and components for sophisticated production processes in various end-user markets. The Group generates more than 70 percent of its revenue in the food sector that enjoys long-term sustainable growth. As of December 31, 2016, the Company employed about 17,000 people worldwide. GEA is a market and technology leader in its business areas. The Company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA's share is a constituent of the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com. If you do not want to receive any further information from GEA, please send an email to [email protected]. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions, and include statements regarding the continuing contribution of the Company's diversified business model and strategic partnerships and the expected opportunity for the Company's accelerated global sales growth. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward looking statements as a result of a variety of factors including, among others, the state of the economy, the competitive environment, the continued success of our business model and strategic partnerships and other factors described in our most recent Form 10-K and our other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. In light of these risks and uncertainties there can be no assurance given that the forward looking statements contained in this press release will in fact transpire or prove to be accurate. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
News Article | August 11, 2017
For the second quarter ended June 30, 2017, net sales were $12,812,000 down 9.5% from net sales of $14,151,000 for the Second Quarter 2016. For the six month period ended June 30, 2017, net sales were $28,171,000 down 4% from net sales of $29,355,000 for the same period of 2016. The second quarter net loss was ($526,000) or ($0.15) per share basic, ($0.14) per share diluted, compared to a 2016 second quarter net loss of ($83,000) or ($0.02) per share. For the six month period ended June 30, 2017, there was a net loss of ($468,000) or ($0.13) per share compared to a net loss of ($76,000) or ($0.02) per share for the same period of 2016. "In general, our performance in the second quarter and the first half of this year has been below expectations," reported Stephen Merrick, President of the Company. "While performance in our foil and latex balloon product lines has been reasonably strong during this period, revenues in our vacuum sealing and commercial film lines have been well below last year and have negatively affected our results. We are taking a number of actions to improve our profitability in the second half and believe that our performance will improve substantially in that period. First, we do anticipate improvement in our revenues for our vacuum sealing line in the second half, as the effects of a major sales promotion late last year wear off. Second, we are installing two new foil balloon converting machines in September which will enhance our production during the fourth quarter. Third, we have taken significant actions to reduce our operating expenses and believe we will effect reductions in general, administrative, sales and marketing expense at an annualized level of more than $1.4 million." Revenues from the sale of foil balloons increased by 6.9% in the second quarter this year to $6,788,000 from $6,350,000 in the same period last year. For the six months ended June 30, 2017, revenues from the sales of foil balloons increased by 9.2% to $15,680,000 this year from $14,362,000 in the same period last year. The increases included sales to a major customer as well as to a number of other current and new customers in the United States, Mexico, Europe and the United Kingdom. In September this year, we will put into service two new foil balloon converting machines which will increase our capacity for these products by approximately 25%, and we anticipate continued increases in our foil balloon products in the second half. Also, in the six month period ended June 30, 2017, our latex balloon sales increased to $4,349,000 from $4,308,000 for the same period last year. With our added capacity in latex balloon production, we anticipate revenue increases in this line during the balance of the year. . Revenues from the sale of our branded vacuum sealing systems line were $3,271,000 for the six month period ended June 30, 2017, down by 31.4% from $4,768,000 last year. We believe that sales were affected during the first half of this year by the selloff of excess inventory of vacuum sealing machines held by a principal customer due to a sales promotion the customer implemented during the fourth quarter of 2016 for which a large quantity of machines were purchased. We believe such excess inventory has now been sold and we anticipate increased orders for machines from this principal customer during the third and fourth quarters this year. . We generate revenues from several other sources including (i) sales of a line of "Candy Blossoms", (ii) sales to and through our home container and organizing operation, (iii) sales of party goods through our subsidiary in Mexico and (iv) the sale of accessory and supply items related to balloon products. During the six months ended June 30, 2017, revenues in this category decreased by 6% to $3,335,000 from $3,547,000 for the same period last year. . Revenues from the sale of film products have decreased in the first six months of this year to $1,536,000 from $2,370,000 for the same period last year. Most of our sales of film products are to a long term customer who remains as a customer but to whom sales have declined this year. . We are engaged in negotiations and efforts to extend our existing financing for our operations or to obtain substitute financing from alternate sources. Our credit arrangement with our principal bank has been extended to October 18, 2017 and our mezzanine loan matures on January 17, 2018. : CTI Industries Corporation is one of the leading manufacturers and marketers of foil and latex balloons, develops, produces and markets vacuum sealing systems for household use and produces laminated and printed films for commercial uses. CTI markets its products throughout the United States and in a number of other countries. Statements made in this release that are not historical facts are "forward-looking" statement (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change at any time. These "forward-looking" statements may include, but are not limited to, statements containing words such as "may," "should," "could," "would," "expect," "plan," "goal," "anticipate," "believe," "estimate," "predict," "potential," "continue," or similar expressions. Factors that could cause results to differ are identified in the public filings of the Company with the Securities and Exchange Commission. More information on factors that could affect CTI's business and financial results are included in its public filings made with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
News Article | February 15, 2017
One of the largest showings of support for security standards in RSA Conference history is happening this week. The nonprofit OASIS open standards consortium has brought together 24 companies to demonstrate support for the STIX and TAXII cyber threat intelligence standards, Key Management Interoperability Protocol (KMIP) standard, and the Public-Key Cryptography Standard (PKCS) #11. The demos are being held in Booths 2121 and 2115 from 13-16 February. "This year’s RSA Conference enables us to demonstrate both the latest work of the Technical Committees and the depth of capabilities within products that implement these standards," said Tony Cox of Cryptsoft, co-chair of the OASIS KMIP Technical Committee and KMIP Interop Lead. "Demonstrating interoperability between these products live at the RSA Conference reinforces the reality of choice of vendor solutions for CIOs, CSOs and CTOs, enabling products from multiple vendors to be deployed as a single enterprise security solution that addresses both current and future requirements." Twelve companies stand together at RSA to show attendees why STIX and TAXII are recognized as the definitive standards for automated cyber threat intelligence sharing. Products from Bay Dynamics, DFLabs, EclecticIQ, Fujitsu, IBM, LookingGlass, New Context, NC4, ThreatConnect, ThreatQuotient, TruSTAR, and Verisign demonstrate how STIX and TAXII are being used to prevent and defend against cyber attack by enabling threat intelligence to be analyzed and shared among trusted partners and communities. RSA attendees also are witnessing live demonstrations of encryption key and security object management interchange between Cryptsoft, Fornetix, Hancom Secure, HPE, IBM, Kryptus, Oracle, Quintessence Labs, and SafeNet. The demonstration shows how KMIP enables both the interchange of security objects as well as the provision of encryption keys and cryptographic services across a common interface. Client and server implementations cover the full key management lifecycle including creating, registering, locating, retrieving, deleting, and transferring symmetric and asymmetric keys and certificates between vendor systems. The latest KMIP release, version 1.4, is being demonstrated publicly for the first time at RSA, along with KMIP versions 1.3 and 1.2, which are ratified OASIS Standards. One of the most widely deployed cryptography standards, PKCS#11, is being showcased by Cryptsoft, Feitian, Fornetix, Oracle, Quintessence Labs, Utimaco, and Watchdata. Their implementations show how cryptographic objects with combinations of one or more symmetric keys, asymmetric keys, or certificates between vendor systems can be generated and found. Key and certificate usage within the implementations also are being displayed. The demos feature two versions of PKCS#11—the current, well established 2.4 version as well as the new 3.0 version under development. Bay Dynamics co-founder and CTO, Ryan Stolte, said, "Understanding how much cyber risk an organization faces depends on high-quality information. By marrying cyber threat intelligence with information about an organization’s valuable assets and security posture, organizations can achieve an accurate and actionable picture of which threats could cause the greatest financial harm. We're excited to showcase at this year’s OASIS Interop Demo how Risk Fabric leverages the STIX and TAXII standards as an important part of determining enterprises’ cyber value at risk." EclecticIQ CEO & Founder, Joep Gommers, said, "The OASIS STIX/TAXII standards have accelerated and driven the adoption of actionable Cyber Threat Intelligence throughout enterprises and governments. At the RSA Conference 2017, EclecticIQ will showcase its STIX/TAXII-based Threat Intelligence Platform at the OASIS booth." DFLabs CEO & Founder, Dario Forte, said, "DFLabs IncMan 4.0, Security Automation and Orchestration for incident response can be enriched with actionable intelligence to provide effective direction to your SOC team. DFLabs will demonstrate how IncMan supports industry-standard threat intelligence exchange formats like STIX as well as integration with commercial threat intelligence feeds. Visualizing the correlation between incidents and artifacts allows analysts to promptly apply industry recognized response and mitigation actions." Fujitsu Director Marketing & Sales Div. (Cyber Systems) Defense Systems Unit, Hitoshi Habe, said, "Fujitsu will demonstrate CTIM (Cyber Threat Intelligence Management System) proto-type. This system includes a function to display an overview of the constituent elements of cyber-attacks recorded in CTI information, including essential details, and displays a diagram of the relationships between these elements. CTIM also offers CTI sharing function that enables secure and easy CTI sharing between organizations. Fujitsu has been a member since the OASIS CTI Technical Committee’s establishment, and CTIM supports the STIX format." IBM Security VP of Product Management and Strategy, Jason Corbin, said, "Standardizing the language of shared threat intelligence is one of the single most important steps that organizations can take to defend against future cyberattacks. With the ultimate goal of making the security community stronger and more prepared, IBM proudly supports the development of the STIX and TAXII standards and will continue to incorporate them into our security offerings." LookingGlass Cyber Solutions CTO, Allan Thomson, said, "LookingGlass is a strong advocate for standards to support an open ecosystem and sharing within the cyber threat Intelligence community. We are proud to be an active participant in the OASIS Technical Committee that is introducing STIX/TAXII 2.0, which we believe results in increased and more timely sharing of threat intelligence." NC4 Cyber Security Group VP, George Johnson, said, "This year NC4 plans to showcase CTX/Soltra Edge which is a premier Communications Platform that allows for the aggregation of Cyber Threat Intelligence (CTI). CTX/Soltra Edge facilitates ingestion and distribution of CTI in one common format that allows analysts to get out of the business of data normalization and refocus on the business of analysis. CTX/Soltra Edge uses open standards (STIX/TAXII) to empower an end-to-end community defense model." New Context CEO, Daniel Riedel, said, "As a proud sponsor and member of the OASIS CTI Technical Committee, we believe strongly in transparent standards as well as continuous improvement. Over the past year, a tremendous amount of work and collaboration went into developing STIX 2.0, and we look forward to its release because automation and machine-readable standards for threat intel truly are the future." ThreatQuotient Director, Threat Intelligence Engineers, Chris Jacob, said, "The STIX/TAXII standard has become a critical element in the exchange of Threat Intelligence amongst industry groups. There is a lot of importance in having a dependable and experienced organization at the helm when defining its evolution. ThreatQ is excited to work with OASIS and the other industry professionals as the standard continues to grow." TruSTAR Co-Founder & CEO, Paul Kurtz, said, "Companies realize there is an urgent need to have situational awareness of cyber incidents. The TruSTAR platform offers real-time correlation with events in the broader community without market and reputational risk. Cyber threat intelligence standards such as CybOX, STIX, and TAXII are central to TruSTAR’s mission of building the most robust intelligence exchange platform on the market." Cryptsoft CTO, Tim Hudson, said, "Reliable storage, availability and lifecycle management of security objects has become a focus for enterprises; interoperability between key management, security, and encryption systems is no longer ‘nice-to-have’ but essential. The OASIS KMIP and PKCS #11 standards provide mechanisms to address the fundamental interoperability requirement enabling migration from single point ad-hoc products to full enterprise security solutions. As a major OEM technology supplier, supplying OASIS conformant solutions ensures interoperability is a reality for our customers." Hancom Secure Senior Researcher of R&D Center, Sun-ho Lee, said, "We are very pleased to participate in the OASIS KMIP Interop for the first time and demonstrate our KMIP Server and Client interoperability at the showcase in RSA 2017. Hancom Secure is a leading company in the security software field to create security standards in Korea. As a KMIP TC member, we are proud to introduce HancomSecure KeyManager offering our customers a centralized key management and an easy and quick KMIP application with Client SDK." Hewlett Packard Enterprise HPE Security VP & GM, Albert Biketi, said, "Customer adoption of key management integration using OASIS KMIP further enables encryption to be embedded into more mainstream applications and systems to simplify interoperability. Industry standards are of the utmost importance to HPE and today we have one of the most robust partner integration portfolios available. Our HPE ESKM solution supports FIPS 140-2 and Common Criteria EAL2+ standards." Kryptus CEO, Roberto Gallo, said, "Kryptus provides cryptographic hardware with secure execution of client applications and algorithms along with client-oriented features, reducing operational and infrastructure costs without the loss of security, performance, and reliability. Kryptus is specialized in the protection of highly-sensitive information for more than 10 years with leading edge products and advanced hardware protection features." Oracle VP Solaris, Markus Flierl, said, "As cryptography is becoming an expected part of on-premise, cloud and ZFS SA storage deployments, we are excited by the benefits of enterprise key management interoperability to make enterprise administration easier and safer. We support the OASIS PKCS11 standard efforts to create a vendor-neutral cryptographic services API and are excited about making your data more secure." SafeNet product manager for data protection, Stephen Kingston, said, "With more than 45 documented KMIP integrations, SafeNet KeySecure helps protect data in the most widely deployed IT products and services across the cloud, backup, big data, and storage including IBM DB2, Nutanix, MongoDB, Centrify and Commvault. Enterprises benefit from our broad ecosystem of technology partner product integrations that help unify the control of data and improve compliance, all from a centralized key management solution." About OASIS: OASIS (Organization for the Advancement of Structured Information Standards) is a not-for-profit, international consortium that drives the development, convergence, and adoption of open standards for the global information society. OASIS promotes industry consensus and produces worldwide standards for security, cloud computing, Web services, the Smart Grid, content technologies, business transactions, emergency management, and other applications. OASIS open standards offer the potential to lower cost, stimulate innovation, grow global markets, and protect the right of free choice of technology. OASIS members broadly represent the marketplace of public and private sector technology leaders, users, and influencers. The consortium has more than 5,000 participants representing over 600 organizations and individual members in 100 countries. http://www.oasis-open.org
News Article | March 2, 2017
CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc., (Nasdaq: ZEUS), a national metals service center, today announced financial results for the fourth quarter and full year ended Dec. 31, 2016. Net sales in the 2016 fourth quarter increased 7.3%, to $254.9 million, up from $237.5 million in the same quarter of the prior year. Full-year 2016 net sales declined 10.2%, to $1.1 billion, compared with $1.2 billion in 2015. LIFO income was $0.8 million in the final quarter of 2016, versus $1.6 million in the comparable quarter in 2015. Full-year reported results benefited from $1.5 million of LIFO income in 2016, which was down from $3.3 million of LIFO income recorded in 2015. For the fourth quarter of 2016, the Company reported a net loss of $2.1 million, or $0.19 per share. This compares with a net loss of $5.0 million, or $0.45 per share, in 2015’s comparable quarter. For the full-year period, a net loss of $1.1 million, or $0.10 per share was recorded in 2016, versus a net loss of $26.8 million, or $2.39 per share, in 2015. Results in 2015 were negatively impacted by goodwill and intangible asset impairment charges totaling $25.0 million, or $1.93 per share. “Despite another challenging year, we observed a definitive market swing during the fourth quarter,” said Chairman and Chief Executive Officer Michael D. Siegal. “Pricing, demand and customer sentiment all improved as the quarter progressed.” “Our commitment to customer performance earned us record market share during 2016, per MSCI data,” Siegal added. “At the same time, our emphasis on continuous improvement led to reducing operating expenses by 3%, or $7 million, excluding 2015’s impairment charges.” “The positive industry trends that began in last year’s fourth quarter have continued in the first quarter of 2017, validating optimism for the first half of this year,” Siegal concluded. A simulcast of Olympic Steel’s 2016 fourth-quarter and full-year earnings conference call can be accessed via the Investor Relations section of the Company’s website at www.olysteel.com. The simulcast will begin at 10 a.m. ET today, March 2, and a replay of the call will be available for approximately 14 days thereafter. It is the Company’s policy not to endorse any analyst’s sales or earnings estimates. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as “may,” “will,” “anticipate,” “should,” “intend,” “expect,” “believe,” “estimate,” “project,” “plan,” “potential,” and “continue,” as well as the negative of these terms or similar expressions. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those implied by such statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Such risks and uncertainties include, but are not limited to: general and global business, economic, financial and political conditions; competitive factors such as the availability, global production levels and pricing of metals, industry shipping and inventory levels and rapid fluctuations in customer demand and metals pricing; cyclicality and volatility within the metals industry; the strengthening of the U.S. dollar and the related impact on foreign steel pricing, U.S. exports, and foreign imports to the United States; the levels of imported steel in the United States and any associated tariffs and duties; the availability and costs of transportation and logistical services; the successes of our strategic efforts and initiatives to increase sales volumes, maintain or improve working capital turnover and free cash flows, improve our customer service, and achieve cost savings, including our efforts to improve earnings; our ability to generate free cash flow through operations and repay debt within anticipated time frames; events or circumstances that could impair or adversely impact the carrying value of any of our assets; risks and uncertainties associated with intangible assets, including additional impairment charges related to indefinite lived intangible assets; events or circumstances that could adversely impact the successful operation of our processing equipment and operations; the amounts, successes and our ability to continue our capital investments and strategic growth initiatives, including our business information system implementations; the successes of our operational initiatives to improve our operating, cultural and management systems and reduce our costs; the ability to comply with the terms of our asset-based credit facility; the ability of our customers and third parties to honor their agreements related to derivative instruments; customer, supplier and competitor consolidation, bankruptcy or insolvency; reduced production schedules, layoffs or work stoppages by our own, our suppliers’ or customers’ personnel; the impacts of union organizing activities and the success of union contract renewals; the timing and outcomes of inventory lower of cost or market adjustments and last-in, first-out, or LIFO, income, especially during periods of declining market pricing; the ability of our customers (especially those that may be highly leveraged, and those with inadequate liquidity) to maintain their credit availability; the inflation or deflation existing within the metals industry, as well as our product mix and inventory levels on hand, which can impact our cost of materials sold as a result of the fluctuations in the LIFO inventory valuation; the adequacy of our existing information technology and business system software, including duplication and security processes; the adequacy of our efforts to mitigate cyber security risks and threats; access to capital and global credit markets; our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends; our ability to repurchase shares of our common stock and the amounts and timing of repurchases, if any; unanticipated developments that could occur with respect to contingencies such as litigation, arbitration and environmental matters, including any developments that would require any increase in our costs for such contingencies; and changes in laws or regulations or the manner of their interpretation or enforcement could impact our financial performance and restrict our ability to operate our business or execute our strategies. Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Headquartered in Cleveland, Ohio, Olympic Steel operates from 32 facilities in North America. For additional information, please visit the Company’s website at www.olysteel.com or www.b2i.us/profiles/investor/ContactUs.asp?BzID=2195
News Article | February 15, 2017
CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the Company’s Board of Directors approved a regular quarterly cash dividend of $0.02 per share. The dividend is payable on March 15, 2017, to shareholders of record on March 1, 2017. As previously announced, the Company intends to release its 2016 fourth-quarter financial results before the market opens on March 2, 2017, and host a conference call with investors and analysts at 10:00 a.m. ET that same day. Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Headquartered in Cleveland, Ohio, Olympic Steel operates from 32 facilities in North America. For additional information, please visit the Company’s website at www.olysteel.com or www.b2i.us/profiles/investor/ContactUs.asp?BzID=2195
News Article | February 28, 2017
Bright Pattern’s CTI Integration with Oracle RightNow completes the omnichannel experience by enabling voice communication. It is fully embedded into the RightNow application and is available from the cloud as a SaaS product. The integration of Oracle RightNow CRM with Bright Pattern cloud contact center drives agent productivity, improves customer experience, and reduces agent load with automated communication workflows. The easy to use interface reduces agent training requirements and improves agent efficiency with skill based routing and CTI. The integration saves agent time with click-to-call capabilities and automatic screen pop of customer data coming with a call as a result of identification using RightNow data. The out-of-the-box integration with RightNow benefits supervisors with real-time wallboards and supervision tools for tracking agent performance and evaluating productivity. “The seamless integration pops context of past conversations inside of Oracle RightNow to help agents resolve calls faster,” said Konstantin Kishinsky, CEO of Bright Pattern. “Service quality is ensured with built-in call and screen recording, monitoring and grading quality management tools for supervisors.” About Bright Pattern Bright Pattern’s cloud contact center software helps to simplify multichannel customer service for customers, agents and contact center managers.
News Article | March 1, 2017
CALGARY, ALBERTA--(Marketwired - Feb. 28, 2017) - CaiTerra International Energy Corporation (TSX VENTURE:CTI) (the "Company") is pleased to report that it has filed with Canadian securities regulatory authorities its interim financial statements for the quarter ended December 31, 2016 and 2015. The interim financial statements along with the related management discussion and analysis (MD&A) may be viewed on the Company's profile at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
News Article | February 21, 2017
Through this new partnership, Cloud Concept clients can now connect their SalesForce CRM with over 250 phone systems in a matter of minutes using the Tenfold solution; gaining access to a full sales automation platform and seamlessly capturing all of their prospect and customer interactions. With Tenfold, Cloud Concept clients will unlock instant click to dial, automatic call logging, caller info screen-pops and advanced call analytics that tie into their CRM. Sami Caracand, CEO of Cloud Concept, said that "the choice of Tenfold as our partner of choice for computer-telephony integration reflects Tenfold's commitment to security and reliability and their support for out-of-the-box integration with Salesforce. Tenfold's CTI technology has proven to be an ideal match for Cloud Concept's customers looking for a seamless phone intelligence platform running in parallel with Salesforce's development platform." About Tenfold Tenfold is the leading global provider of cloud-based software-as-a-service solutions that help companies integrate their phone systems and customer relationship management systems in a matter of minutes. Tenfold helps companies increase revenue by enhancing customer and prospect interactions, providing a framework for sales, service and support best practices, increasing organizational technology adoption, and offering high-level actionable analytics. Tenfold’s solutions are used in a variety of industries, including technology, software, financial services, real estate, insurance, wealth management, hospitality and travel, sports and entertainment, automotive, advertising, electronics, recreation, healthcare, agriculture, food services, and many more. For more information, visit Tenfold’s website at www.tenfold.com Trademarks Tenfold and Callinize are registered trademarks of Callinize, Inc. and/or its affiliates. Austin, TX, February 21, 2017 --( PR.com )-- Cloud Concept, a Platinum provider of business solutions on the Salesforce platform, today announced a new partnership with Tenfold, the leading phone intelligence platform for the entire customer lifecycle. Through this new partnership, Cloud Concept clients can now connect their SalesForce CRM with over 250 phone systems in a matter of minutes using the Tenfold solution; gaining access to a full sales automation platform and seamlessly capturing all of their prospect and customer interactions. With Tenfold, Cloud Concept clients will unlock instant click to dial, automatic call logging, caller info screen-pops and advanced call analytics that tie into their CRM.Sami Caracand, CEO of Cloud Concept, said that "the choice of Tenfold as our partner of choice for computer-telephony integration reflects Tenfold's commitment to security and reliability and their support for out-of-the-box integration with Salesforce. Tenfold's CTI technology has proven to be an ideal match for Cloud Concept's customers looking for a seamless phone intelligence platform running in parallel with Salesforce's development platform."About TenfoldTenfold is the leading global provider of cloud-based software-as-a-service solutions that help companies integrate their phone systems and customer relationship management systems in a matter of minutes. Tenfold helps companies increase revenue by enhancing customer and prospect interactions, providing a framework for sales, service and support best practices, increasing organizational technology adoption, and offering high-level actionable analytics. Tenfold’s solutions are used in a variety of industries, including technology, software, financial services, real estate, insurance, wealth management, hospitality and travel, sports and entertainment, automotive, advertising, electronics, recreation, healthcare, agriculture, food services, and many more. For more information, visit Tenfold’s website at www.tenfold.comTrademarksTenfold and Callinize are registered trademarks of Callinize, Inc. and/or its affiliates.