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LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--On May 1, 2017, Camping World Holdings, Inc. (NYSE:CWH) (“Camping World”), the nation’s largest network of RV-centric retail locations and only provider of a comprehensive portfolio of services, protection plans, products and resources for the outdoor enthusiast, announced the planned acquisition of certain assets of Gander Mountain Company (“Gander Mountain”) and its Overton’s, Inc. (“Overton’s”) boating business, following Camping World’s successful bid for certain assets of Gander Mountain and Overton’s in a bankruptcy auction on April 27, 2017 and April 28, 2017. On May 4, 2017, the transaction was approved by the United States Bankruptcy Court for the District of Minnesota (the “Bankruptcy Court”). On May 5, 2017, CWI, Inc., an indirect wholly-owned subsidiary of Camping World, entered into an asset purchase agreement (the “Agreement”) with Gander Mountain. As part of the Agreement, Camping World obtained the right to designate any real estate leases for assignment to Camping World or other third parties and initially plans to operate stores that it believes have a clear path to profitability. Marcus Lemonis, Chairman and CEO of Camping World, stated “after reviewing the stores in more detail since our successel bid in the bankruptcy process, our current goal is operate seventy or more, locations subject to, among other things, our ability to negotiate lease terms with landlords on terms acceptable to us and approval of the Bankruptcy Court. The current liquidation of the existing Gander Mountain inventory will allow us to start with a clean slate of what we consider the appropriate mix and level of inventory, including the addition of Camping World and Overton’s offerings where appropriate.” Camping World Holdings Inc. (NYSE: CWH) is the only provider of a comprehensive portfolio of services, protection plans, products and resources for recreational vehicle (“RV”) enthusiasts. Through its two iconic brands, Camping World and Good Sam, the company offers new and used RVs for sale, vehicle service and maintenance along with more than 10,000 products and services through its retail locations and membership clubs. Good Sam branded offerings provide the industry’s broadest and deepest range of services, protection plans, products and resources while the Camping World brand operates the largest national network of RV-centric retail locations in the United States through over 125 retail locations in 36 states and an e-commerce platform. With both brands founded in 1966, product and service offerings are based on 50 years of experience and customer feedback from RV enthusiasts. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding the purchase price of the Overton’s inventory and certain other assets, our future results of operations and financial position, business strategy and plans and objectives of management for future operations, including with respect to the assets of the Gander Mountain and Overton’s boating business, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘anticipates,’’ ‘‘could,’’ ‘‘intends,’’ ‘‘targets,’’ ‘‘projects,’’ ‘‘contemplates,’’ ‘‘believes,’’ ‘‘estimates,’’ ‘‘predicts,’’ ‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the Securities and Exchange Commission.


News Article | May 1, 2017
Site: www.greencarcongress.com

« DOE: 58% of BEV sales in US in 2016 were large cars and standard SUVs; PHEVS mainly compact and midsize | Main | Propel Fuels promoting E85 in California with “105 Octane Tour”; $1.05/gallon » Cummins Westport (CWI) announced its model year 2018 dedicated natural gas engines for regional haul truck / tractor, vocational and transit, school bus, and refuse applications at the Alternative Clean Transportation (ACT) Expo in Long Beach, California. The new lineup comes with a change in names, following Cummins tradition of using B, L, and X series letters, followed by engine displacement. The letter “N” denotes engines that are fueled by natural gas. The new B6.7N, L9N, and ISX12N engines feature Environmental Protection Agency (EPA) and California Air Resources Board (ARB) Optional Low NO certification, On-Board Diagnostics (OBD), Closed Crankcase Ventilation (CCV) systems, and performance and reliability improvements. (Earlier post.) The new ISX12N features a redesigned fuel system with fewer parts and improved performance. Our 2018 product line demonstrates an important milestone in product development for Cummins Westport, creating a move to zero emissions strategy for our customers and industry. We are particularly pleased that the ISX12N will join the L9N in offering our on-highway customers the benefits of performance and reliability at an ultra-low emissions level described by California’s South Coast Air Quality Management District as equivalent to an electric vehicle. This move to zero emissions strategy means our customers can choose the most affordable path to zero-equivalent emissions with no commercial constraints on supply or technology readiness. Like the L9N that replaces the ISL G Near Zero, the 2018 ISX12N heavy-duty natural gas engine for regional haul truck / tractor, vocational, and refuse applications will also be certified to EPA and California ARB optional low NO Emissions standards of 0.02 g/bhp-hr. The new ISX12N and L9N will be the lowest certified NO emission engines available in North America. NO exhaust emissions are 90% lower than the current EPA NOx limit of 0.2 g/bhp-hr, and the engines also meet or exceed the 2017 EPA greenhouse gas (GHG) emission requirements. CWI natural gas engines have met the 2010 EPA standard for particulate matter (0.01 g/bhp-hr) since 2001. All CWI engines offer customers the choice of using compressed natural gas (CNG), liquefied natural gas (LNG) or renewable natural gas (RNG) as a fuel. Using low carbon intensity RNG fuel provides significant well-to-wheel GHG reductions and is an important aspect of a move to zero emissions strategy. According to California ARB Low Carbon Fuel Standard (LCFS) studies, RNG can reach subzero GHG carbon intensity levels. Cummins Westport engines utilize proprietary spark-ignited, stoichiometric combustion with cooled exhaust gas recirculation technology, and three-way catalyst aftertreatment (TWC). The TWC is packaged as a muffler and is maintenance-free. No diesel particulate filter or selective catalytic reduction aftertreatment is required. CWI 6.7 to 12 liter engines are designed for truck and bus applications up to 80,000 pounds. Available from leading truck and bus OEMs, vehicles can be tailored to perform to meet customer requirements with enough range to offer route flexibility without in-route refueling. For example, on highway natural gas trucks can have over 700 mile range capability. The ISX12N will be manufactured in Cummins’ heavy-duty engine plant in Jamestown, New York. The L9N and the B6.7N are manufactured in Cummins midrange engine plant in Rocky Mount, North Carolina. Partial funding in support of the ISX12N engine development has been received from South Coast Air Quality Management District, the California Energy Commission, Southern California Gas and Clean Energy.


News Article | April 25, 2017
Site: www.prweb.com

Effective April 19, 2017, Mako Oilfield Services, LLC. (MAKO), has acquired Drilling Industry Inspection Services, LLC., (DIIS). DIIS is a leading provider of Third Party Inspection Services. DIIS offers a turn-key package of Inspection services that include, Certified Welding and NACE Inspectors, Marine Riser Inspections/Cleaning Services, Rig Reactivation and Audit Services as well as Upgrade Project Management with a focus on Subsea Well Control Systems. Mr. Mark Provine, current Chief Executive Officer at MAKO, will maintain his role as CEO role over the combined companies and Mr. Steve Lykins will also maintain his role of President. DIIS’ founder, Reg Powell will head this new division as Director of Inspection Services. “The acquisition will further strengthen our position in the Oil & Gas, Petrochemical and Pipeline Industries. Our goal is to offer our customers a turnkey package on their project needs.” stated Reg Powell. “The combination of DIIS’s Third Party Inspection and Mako’s Subsea Tubing and Controls Systems will provide our Customers with a wider array of services from one essential supplier.” The combined companies will be headquartered in Houston, Tx. with satellite offices in Singapore and Aberdeen. “As our industry gains momentum and more rigs are placed back into service, the combination of capabilities offer exciting opportunities for all, including our customers, suppliers and employees,” stated Mr. Mark Provine, CEO. “From day one, we intend to offer access to all of the resources and skills of both companies to our current and future customers.” MAKO OILFIELD SERVICES, founded in January 2017 by a former owner and team members of Total Instrumentation & Controls, (TIC) that sold to Proserv in 2012. MAKO provides high quality products and technical services to the oil, gas and petrochemical industries worldwide. Founded in 2017 and based in Houston, TX, MAKO provides domestic and international professional quality installation and maintenance on the most mission critical control systems and equipment. Whether trouble shooting, repairing equipment, providing upgrades or supporting new construction, MAKO executes with the most experienced Instrument Fitters, Electricians, Welders, Pipefitters, Mechanical Assemblers in the world. For additional information, visit http://www.makooilfield.com. Drilling Industry Inspection Services specializes in Drilling and Well Control Equipment inspection services worldwide. Third-party quality control inspection of fabrication for Welding and NDT, also as well as inspection of bolting and painting of structural steel and piping. DIIS provides Quality Control (QA/QC) inspectors who are qualified inspectors (e.g., CWI & NDT). Founded in 2014. For additional information, visit http://www.diinspection.com.


News Article | June 2, 2017
Site: www.prnewswire.com

NEW YORK, June 2, 2017 /PRNewswire/ -- Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Charlotte Marriott City Center, located in Uptown,...


News Article | June 15, 2017
Site: globenewswire.com

TORONTO, June 15, 2017 (GLOBE NEWSWIRE) -- Crosswinds Holdings Inc. (“Crosswinds” or the “Company”) (TSX:CWI) announces the results of its annual and special meeting of shareholders held earlier today (the “Meeting”).  At the Meeting, shareholders voted in favour of all items of business. In particular, each of the seven nominees proposed as directors of the Company and listed in its form of proxy and management information circular dated May 3, 2017 were elected as directors of the Company. The detailed results of the vote for each director are as follows: Complete voting results can be found under the Company’s SEDAR profile at www.sedar.com. Crosswinds is a publicly traded private equity firm and asset manager targeting strategic and opportunistic investments in the financial services sector with a particular focus on the insurance industry.


News Article | May 11, 2017
Site: globenewswire.com

TORONTO, May 11, 2017 (GLOBE NEWSWIRE) -- Crosswinds Holdings Inc. (“Crosswinds” or the “Company”) (TSX:CWI) today announced its financial results as at and for the three months ended March 31, 2017. For the three months ended March 31, 2017, the Company reported: 1 Net book value per share is a non-IFRS financial measure and is calculated as total shareholders’ equity under International Financial Reporting Standards (IFRS) divided by the number of common shares outstanding as at the period end.  See the cautionary statement regarding use of Non-IFRS financial measures at the end of this release. As at the quarter ended March 31, 2017, the Company reported: For a comprehensive review of the Company’s results, shareholders are encouraged to read the Company’s unaudited interim consolidated financial statements and accompanying Management’s Discussion and Analysis for the three months ended March 31, 2017, copies of which will be available on the Company’s website at www.crosswindsinc.com and on SEDAR at www.sedar.com. Crosswinds is a publicly traded private equity firm and asset manager targeting strategic and opportunistic investments in the financial services sector with a particular focus on the insurance industry. Caution Regarding Forward-Looking Information This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans” or “continue” or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.  These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors in the Company’s 2016 Annual Information Form, in the most recent Management’s Discussion and Analysis and in our other filings with Canadian securities regulators. Additional important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, interest rates, tax related matters, loss of personnel, reliance on key personnel, ability of the Company to generate positive future returns for investors, ability of the Company to execute its strategies from time to time; the receipt of any regulatory approvals or consents required from time to time. This news release makes reference to the net book value per share which is a non-IFRS financial measure.  The Company calculates the net book value per share as it believes it to be an important metric that shareholders use and frequently request and refer to because shareholders often view the Company as an holding company of investments in private entities.  Net book value is a non-IFRS financial measure that does not have any standardized meaning prescribed by International Financial Reporting Standards and therefore it is unlikely to be comparable to similar measures presented by other issuers.  This classification is not an IFRS measure and should not be considered either in isolation of, or as a substitute for, measures prepared in accordance with IFRS. Cautionary Statement Regarding the Valuation of Investments in Private Entities In the absence of an active market for its investments in private entities, fair values are determined by management using the appropriate valuation methodologies after considering the history and nature of the business, operating results and financial conditions, the outlook and prospects, the general economic, industry and market conditions, capital market and transaction market conditions, contractual rights relating to the investment, public market comparables, private market transactions multiples and, where applicable, other pertinent considerations. The process of valuing investments for which no active market exists is inevitably based on inherent uncertainties and the resulting values may differ from values that would have been used had an active market existed. The amounts at which the Company's investments in private entities could be disposed of may differ from the fair value assigned and the differences could be material. Estimated costs of disposition are not included in the fair value determination.


News Article | June 14, 2017
Site: www.marketwired.com

BOISE, ID--(Marketwired - June 14, 2017) - Mountain America Credit Union is inviting all families to come and enjoy Meridian Dairy Days at Storey Park and Meridian Speedway in Meridian from June 22-25, 2017. Activities will begin with a pancake feed, Old Macdonald's Farm, and carnival rides opening at 4:00 p.m. Thursday, June 22, and ending with the Meridian Speedway CWI Races at 6:30 p.m. on Saturday, June 25, 2017. Friday has a multitude of events scheduled, including the National Guard rock wall, the Meridian Pool Bash from 3:00-5:00 p.m., the Real Dairy Parade at 6:45 p.m., and a free fireworks show at Meridian Speedway at 10:30p.m. Saturday activity highlights include a fun run, cattle and goat show, art festival in Storey Park, and more. Food vendors will be on site throughout the days Friday and Saturday. "Idaho is such a great place to live because of the people within the communities we serve," says Vice President of Branches for Idaho, Tim Toy. "That's why we're excited to support the long-held family-friendly celebration of Dairy Days. It has become a tradition for so many families to enjoy, and we are proud to help it continue to grow year after year." For carnival ticket pre-sale locations, activity schedules, and more information about Dairy Days, visit www.dairydays.org. About Mountain America Credit Union With more than 650,000 members and $6.4 billion in assets, Mountain America Credit Union assists members on the right path to help them identify and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure, cutting-edge mobile banking technology, 87 branches across five states, thousands of shared-branching locations nationwide and more than 50,000 surcharge-free ATMs. Mountain America-safely guiding you forward along your financial journey. Learn more at www.macu.com.


News Article | May 11, 2017
Site: globenewswire.com

TORONTO, May 11, 2017 (GLOBE NEWSWIRE) -- Crosswinds Holdings Inc. (“Crosswinds” or the “Company”) (TSX:CWI) today announced its financial results as at and for the three months ended March 31, 2017. For the three months ended March 31, 2017, the Company reported: 1 Net book value per share is a non-IFRS financial measure and is calculated as total shareholders’ equity under International Financial Reporting Standards (IFRS) divided by the number of common shares outstanding as at the period end.  See the cautionary statement regarding use of Non-IFRS financial measures at the end of this release. As at the quarter ended March 31, 2017, the Company reported: For a comprehensive review of the Company’s results, shareholders are encouraged to read the Company’s unaudited interim consolidated financial statements and accompanying Management’s Discussion and Analysis for the three months ended March 31, 2017, copies of which will be available on the Company’s website at www.crosswindsinc.com and on SEDAR at www.sedar.com. Crosswinds is a publicly traded private equity firm and asset manager targeting strategic and opportunistic investments in the financial services sector with a particular focus on the insurance industry. Caution Regarding Forward-Looking Information This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans” or “continue” or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.  These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors in the Company’s 2016 Annual Information Form, in the most recent Management’s Discussion and Analysis and in our other filings with Canadian securities regulators. Additional important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, interest rates, tax related matters, loss of personnel, reliance on key personnel, ability of the Company to generate positive future returns for investors, ability of the Company to execute its strategies from time to time; the receipt of any regulatory approvals or consents required from time to time. This news release makes reference to the net book value per share which is a non-IFRS financial measure.  The Company calculates the net book value per share as it believes it to be an important metric that shareholders use and frequently request and refer to because shareholders often view the Company as an holding company of investments in private entities.  Net book value is a non-IFRS financial measure that does not have any standardized meaning prescribed by International Financial Reporting Standards and therefore it is unlikely to be comparable to similar measures presented by other issuers.  This classification is not an IFRS measure and should not be considered either in isolation of, or as a substitute for, measures prepared in accordance with IFRS. Cautionary Statement Regarding the Valuation of Investments in Private Entities In the absence of an active market for its investments in private entities, fair values are determined by management using the appropriate valuation methodologies after considering the history and nature of the business, operating results and financial conditions, the outlook and prospects, the general economic, industry and market conditions, capital market and transaction market conditions, contractual rights relating to the investment, public market comparables, private market transactions multiples and, where applicable, other pertinent considerations. The process of valuing investments for which no active market exists is inevitably based on inherent uncertainties and the resulting values may differ from values that would have been used had an active market existed. The amounts at which the Company's investments in private entities could be disposed of may differ from the fair value assigned and the differences could be material. Estimated costs of disposition are not included in the fair value determination.


News Article | May 11, 2017
Site: globenewswire.com

TORONTO, May 11, 2017 (GLOBE NEWSWIRE) -- Crosswinds Holdings Inc. (“Crosswinds” or the “Company”) (TSX:CWI) today announced its financial results as at and for the three months ended March 31, 2017. For the three months ended March 31, 2017, the Company reported: 1 Net book value per share is a non-IFRS financial measure and is calculated as total shareholders’ equity under International Financial Reporting Standards (IFRS) divided by the number of common shares outstanding as at the period end.  See the cautionary statement regarding use of Non-IFRS financial measures at the end of this release. As at the quarter ended March 31, 2017, the Company reported: For a comprehensive review of the Company’s results, shareholders are encouraged to read the Company’s unaudited interim consolidated financial statements and accompanying Management’s Discussion and Analysis for the three months ended March 31, 2017, copies of which will be available on the Company’s website at www.crosswindsinc.com and on SEDAR at www.sedar.com. Crosswinds is a publicly traded private equity firm and asset manager targeting strategic and opportunistic investments in the financial services sector with a particular focus on the insurance industry. Caution Regarding Forward-Looking Information This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans” or “continue” or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.  These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors in the Company’s 2016 Annual Information Form, in the most recent Management’s Discussion and Analysis and in our other filings with Canadian securities regulators. Additional important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, interest rates, tax related matters, loss of personnel, reliance on key personnel, ability of the Company to generate positive future returns for investors, ability of the Company to execute its strategies from time to time; the receipt of any regulatory approvals or consents required from time to time. This news release makes reference to the net book value per share which is a non-IFRS financial measure.  The Company calculates the net book value per share as it believes it to be an important metric that shareholders use and frequently request and refer to because shareholders often view the Company as an holding company of investments in private entities.  Net book value is a non-IFRS financial measure that does not have any standardized meaning prescribed by International Financial Reporting Standards and therefore it is unlikely to be comparable to similar measures presented by other issuers.  This classification is not an IFRS measure and should not be considered either in isolation of, or as a substitute for, measures prepared in accordance with IFRS. Cautionary Statement Regarding the Valuation of Investments in Private Entities In the absence of an active market for its investments in private entities, fair values are determined by management using the appropriate valuation methodologies after considering the history and nature of the business, operating results and financial conditions, the outlook and prospects, the general economic, industry and market conditions, capital market and transaction market conditions, contractual rights relating to the investment, public market comparables, private market transactions multiples and, where applicable, other pertinent considerations. The process of valuing investments for which no active market exists is inevitably based on inherent uncertainties and the resulting values may differ from values that would have been used had an active market existed. The amounts at which the Company's investments in private entities could be disposed of may differ from the fair value assigned and the differences could be material. Estimated costs of disposition are not included in the fair value determination.


Martinez A.,CWI
IEEE Transactions on Information Theory | Year: 2011

Communication across an additive exponential noise (AEN) channel is studied. The AEN channel is derived from a continuous-time Gaussian channel by assuming decoherence between the signal and noise components. Decoherence renders impossible the use of the complex amplitude and information is transmitted by modulating the signal energy. The AEN channel is shown to perform closely-in terms of channel, information rate, and error probability of binary codes, including the use of bit-interleaved coded modulation-to an equivalent discrete-time Gaussian channel of identical signal-to-noise ratio. Constellations are designed for low signal-to-noise ratios, where the minimum energy per bit is not universally attained by all modulations, and for high signal-to-noise ratios, where an equiprobable nonuniform constellation 0.76 dB away from capacity is described. The multiple-access AEN channel is also considered: its capacity region coincides with that of the Gaussian equivalent; feedback does not, however, enlarge the capacity region. © 2011 IEEE.

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