News Article | May 25, 2017
"This project will enable us to provide our customers with value-added products as part of the company's long-term strategy for profitable growth," said John Farris, Vice President & General Manager of Nucor Steel Gallatin. "We are proud to make this investment in the Ghent community and the State of Kentucky. We would like to thank Governor Matt Bevin, our local officials, East Kentucky Power Cooperative and Owen Electric, our teammates and the entire community for their support." The 72-inch galvanizing line will be the widest hot-rolled galvanizing line in North America. This new line will create synergies with Nucor's other sheet mills and increase the company's market share of coated steel in the Midwest. Once the necessary approvals are obtained, it is expected to take two years to construct the galvanizing line and begin operations. The hot band galvanizing project will create 75 new full-time jobs. Approximately 430 teammates currently work at the mill. Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler. Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties. The words "believe," "expect," "project," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including competition from imports and substitute materials; (2) the sensitivity of the results of our operations to prevailing steel prices and the changes in the supply and cost of raw materials, including scrap steel; (3) market demand for steel products; and (4) energy costs and availability. These and other factors are discussed in Nucor's regulatory filings with the Securities and Exchange Commission, including those in Nucor's fiscal 2016 Annual Report on Form 10-K, Item 1A. Risk Factors. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nucor-to-build-galvanizing-line-at-its-kentucky-sheet-mill-300463999.html
News Article | May 23, 2017
DRI-STEEM Corporation (DriSteem), a leading manufacturer of humidification, evaporative cooling, and water treatment products, announced the release of a case study that documents the success of DriSteem’s High-pressure System in controlling humidity and heat in aircraft paint booths. Headquartered in Belgium, Sima is an international leader in the manufacture and distribution of painting and drying booths for aeronautical, industrial, and automotive applications. These booths require optimum temperature and humidity, which are critical for surface preparation, curing time, and coat adhesion. A project at an aircraft maintenance facility near the Charles de Gaulle Airport in France had 16 separate, isolated booths for washing, blasting, and painting aircraft components that required a humidification system that was large enough for the job, capable of tight relative humidity control, and able to humidify without adding heat to the airstream. DriSteem’s High-pressure System provided Sima with the ideal solution. The High-pressure System was able to maintain required relative humidity without raising the air temperature in the multiple, separately controlled paint booths. Since evaporative humidification requires less energy than steam humidification, the High-pressure System keeps operating costs down. Marc Briers, DriSteem’s European Sales Manager, said “I knew that our High-pressure System was a sure candidate for the airline’s new facility because it efficiently provides humidity without heat gain." The aircraft maintenance facility has been operational since the winter of 2015. DriSteem is proud to play a critical role in a challenging design for Sima, among the top ten paint and drying booth suppliers in Europe, and the largest supplier in the Benelux region. To learn more, read DriSteem’s case study, DriSteem and Sima engineer a humidification solution for aircraft paint booths. For more information about DriSteem’s High-pressure System, visit www.dristeem.com or call (800) 328-4447. DriSteem is a premier provider of humidification, evaporative cooling, and water treatment solutions for commercial and industrial applications. DriSteem offers custom systems for critical indoor environments such as health care, data centers, and other facilities requiring precise control of moisture and cooling in the air. DriSteem’s 50-year history of development and innovation has resulted in multiple patented designs that not only meet, but anticipate, customers’ unique needs. DriSteem is a subsidiary of Research Products Corporation, manufacturer of Aprilaire®, the leading residential humidifier brand, as well as air cleaners, heat-recovery systems and HVAC accessories. Visit DriSteem at www.dristeem.com.
News Article | April 19, 2017
CHARLOTTE, N.C., April 4, 2017 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) first quarter earnings release, you are invited to listen to its live conference call with host John Ferriola, Chairman, Chief Executive Officer and President. The event will be available on the Internet on Thursday, April 20, 2017, at 2 p.m. Eastern Time. How: Simply log on to the web at either of the addresses above Archive: If you are unable to participate during the live Webcast, the archived call will be available after 7:00 p.m. on April 20, 2017 at http://www.nucor.com. Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nucor-invites-you-to-join-its-first-quarter-of-2017-conference-call-on-the-web-300434437.html
News Article | April 26, 2017
Receive press releases from The Knowledge Group: By Email Wilson Elser Partner Edna Kersting to Speak at TKGs New ERISA Disability Claim Procedures: For Your Strict Compliance Live Webcast New York, NY, April 26, 2017 --( For further details, please visit: https://www.theknowledgegroup.org/webcasts/hr-benefits/employment-law/new-erisa-disability-claim-procedures-for-your-strict-compliance-live-webcast About Edna Sybil Kersting Edna Kersting is a partner in Wilson Elser’s Chicago office. She represents life, health and disability plans and their insurers in litigation matters throughout the United States in state and federal courts. She also consults with and represents insurers in matters involving bad faith and punitive damages, ERISA, class actions, and other insurance claims and coverage issues. Edna has published numerous articles on topics of interest in the Life, Health, Disability and ERISA practice area. In addition, she speaks at various insurance industry events. She is one of the vice chairs of the Life Insurance Law Committee of the ABA Tips Section and holds several committee positions in DRI’s Life, Health, Disability and ERISA Committee. About Wilson Elser Wilson Elser, a full-service and leading defense litigation law firm (www.wilsonelser.com), serves its clients with nearly 800 attorneys in 31 offices in the United States and one in London. Founded in 1978, it ranks among the top 200 law firms identified by The American Lawyer and is included in the top 50 of The National Law Journal's survey of the nation’s largest law firms. Wilson Elser serves a growing, loyal base of clients with innovative thinking and an in-depth understanding of their respective businesses. Event Synopsis: In the latter part of 2016, the U.S. Department of Labor (DOL) published and released a final rule altering the ERISA disability claims procedure. The new rule applies to all ERISA-governed disability benefits claims filed on or after January 1, 2018. The final rule is designed to increase fairness and transparency and is aimed to cut down the number of lawsuit filings. With the new alterations brought by the new rule, it is expected that new challenges and risks may arise. To avoid potential losses and unwanted costs, employers should ensure that their claim administrators and providers are updated with the latest trends and developments surrounding ERISA Disability Claim Procedures. In this Live Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will help the audience understand all the important issues and key aspects in the New ERISA Disability Claim Procedures. Speakers will also present recent trends and developments and will underscore best compliance practices. Key topics include: · New ERISA Disability Claim Procedures: An Overview · Major Provisions of the Final Rule · Scope and Limitations · Opportunities and Pitfalls · Recent Trends and Developments · Best Compliance Practices About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/ New York, NY, April 26, 2017 --( PR.com )-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Wilson Elser Partner Edna Sybil Kersting will speak at The Knowledge Group’s webcast entitled: “New ERISA Disability Claim Procedures: For Your Strict Compliance.” This event is scheduled for June 26, 2017, from 12:00 PM - 2:00 PM (ET).For further details, please visit:https://www.theknowledgegroup.org/webcasts/hr-benefits/employment-law/new-erisa-disability-claim-procedures-for-your-strict-compliance-live-webcastAbout Edna Sybil KerstingEdna Kersting is a partner in Wilson Elser’s Chicago office. She represents life, health and disability plans and their insurers in litigation matters throughout the United States in state and federal courts. She also consults with and represents insurers in matters involving bad faith and punitive damages, ERISA, class actions, and other insurance claims and coverage issues. Edna has published numerous articles on topics of interest in the Life, Health, Disability and ERISA practice area. In addition, she speaks at various insurance industry events. She is one of the vice chairs of the Life Insurance Law Committee of the ABA Tips Section and holds several committee positions in DRI’s Life, Health, Disability and ERISA Committee.About Wilson ElserWilson Elser, a full-service and leading defense litigation law firm (www.wilsonelser.com), serves its clients with nearly 800 attorneys in 31 offices in the United States and one in London. Founded in 1978, it ranks among the top 200 law firms identified by The American Lawyer and is included in the top 50 of The National Law Journal's survey of the nation’s largest law firms. Wilson Elser serves a growing, loyal base of clients with innovative thinking and an in-depth understanding of their respective businesses.Event Synopsis:In the latter part of 2016, the U.S. Department of Labor (DOL) published and released a final rule altering the ERISA disability claims procedure. The new rule applies to all ERISA-governed disability benefits claims filed on or after January 1, 2018. The final rule is designed to increase fairness and transparency and is aimed to cut down the number of lawsuit filings.With the new alterations brought by the new rule, it is expected that new challenges and risks may arise. To avoid potential losses and unwanted costs, employers should ensure that their claim administrators and providers are updated with the latest trends and developments surrounding ERISA Disability Claim Procedures.In this Live Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will help the audience understand all the important issues and key aspects in the New ERISA Disability Claim Procedures. Speakers will also present recent trends and developments and will underscore best compliance practices.Key topics include:· New ERISA Disability Claim Procedures: An Overview· Major Provisions of the Final Rule· Scope and Limitations· Opportunities and Pitfalls· Recent Trends and Developments· Best Compliance PracticesAbout The Knowledge Group, LLC/The Knowledge Congress Live Webcast SeriesThe Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/ Click here to view the company profile of The Knowledge Group Click here to view the list of recent Press Releases from The Knowledge Group
News Article | April 27, 2017
"A superhero to me…is me, because I can deal with diabetes and it's hard," says Katie Ashkin, 8, of Long Island, who was diagnosed with type 1 diabetes at age 6. Ashkin is featured in a newly released public service announcement (PSA) that helps raise awareness about the immense challenges those with diabetes face in managing the disease on a daily basis, likening them–and the Diabetes Research Institute scientists who are working to find a cure–to real superheroes. >>Click here to view the video PSA now. "There is a little superhero in all of us," says Edra Tepper of Long Island, who was diagnosed with type 1 diabetes as an adult. Tepper describes living with a chronic disease like diabetes as a "day-to-day struggle," acknowledging that for children it can be even more of a battle. "It can take away the carefree nature of just being a kid." That's why the scientists at the Diabetes Research Institute have one mission—to find a cure. Located at the University of Miami Miller School of Medicine, the DRI is the largest and most comprehensive research center dedicated to curing diabetes. Scientists there are building upon decades of pioneering research to develop a biological cure by restoring natural insulin production and normalizing blood sugar levels without imposing other risks. "We are solely committed to advancing research to patients until the disease is cured," stated Camillo Ricordi, M.D., director of the Diabetes Research Institute. Type 1 diabetes, which is an autoimmune disorder and is not related to age, obesity, or lifestyle, is a relentless disease that requires constant vigilance. There are multiple components to managing the disease, such as taking shots, pricking fingers to test blood sugars, learning how to work an insulin pump, carbohydrate counting and more. The mission of the Diabetes Research Institute Foundation is to provide the Diabetes Research Institute with the funding necessary to cure diabetes now. The Diabetes Research Institute at the University of Miami Miller School of Medicine leads the world in cure-focused research. Scientists have already shown that transplanted islet cells allow patients to live without the need for insulin therapy. Some study participants have maintained insulin independence for more than 10 years. The DRI is now building upon these promising outcomes by developing a DRI BioHub, a bioengineered "mini organ" that mimics the native pancreas. While various BioHub platforms are being tested in preclinical and clinical studies, the DRI is also developing strategies to eliminate the need for anti-rejection drugs and reset the immune system to block autoimmunity. For more information or to get the #T1DSuperhero graphic, please visit DiabetesResearch.org, call 800-321-3437, or Tweet @Diabetes_DRI. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/diabetes-research-institute-foundation-recognizes-the-t1dsuperhero-on-april-28-national-superhero-day-300447606.html
News Article | April 17, 2017
DRI-STEEM Corporation (DriSteem), a leading manufacturer of humidification, evaporative cooling, and water treatment systems, is pleased to announce the selection of Sound Air as the new manufacturers’ representative firm for DriSteem products in Montana. From offices in Great Falls, MT, Sound Air will provide DriSteem’s full line of systems for the commercial HVAC, construction, and building markets. The DriSteem line is a natural fit with Sound Air’s existing product line and previous experience with humidification. “Sound Air has built a reputable, well-run rep firm and their commitment to best in class service and DriSteem product knowledge will provide the tools and support needed in Montana. They are a great addition to our sales force and we are happy to have them on board,” said Nick Ibarra, Director of Sales at DriSteem. DriSteem is a premier provider of humidification, evaporative cooling, and water treatment solutions for commercial and industrial applications. DriSteem offers custom systems for critical indoor environments such as health care, data centers, and other facilities requiring precise control of moisture and cooling in the air. DriSteem’s 50-year history of development and innovation has resulted in multiple patented designs that not only meet, but anticipate, customers’ unique needs. DriSteem is a subsidiary of Research Products Corporation, manufacturer of Aprilaire®, the leading residential humidifier brand, as well as air cleaners, heat-recovery systems and HVAC accessories. Visit DriSteem at www.dristeem.com. Sound Air of Montana Inc. was founded in 2001. The company's line of business includes the wholesale distribution of warm air heating and air-conditioning equipment and supplies, as well as DriSteem humidification, evaporative cooling, and water treatment systems. Visit Sound Air at soundairinc.com.
News Article | May 4, 2017
Credit Card and Auto Lenders Slightly More Conservative While Student Lenders Increase Risk STAMFORD, CT--(Marketwired - May 04, 2017) - VantageScore Solutions, LLC, developer of the VantageScore® credit scoring model, today announced the second quarterly update to its Default Risk Index (DRI) data series. The VantageScore DRI tracks the amount of default risk assumed by lenders in four U.S. consumer-loan categories: mortgage, bankcard, auto loans, and student loans. The update, which encompasses lender activity for the fourth quarter of 2016, contains interactive infographics and is located at DefaultRiskIndex.com. The full data series also is available for download on the site. Changes to specific index values are summarized in the following table: The VantageScore Default Risk Index (DRI) and its website, DefaultRiskIndex.com, permit users to monitor the shifting quarterly risk profiles of loan originations in the mortgage, credit card, auto, and student loan categories. The DRI is derived using credit file data from TransUnion and VantageScore odds charts -- tables furnished to VantageScore users that match values on the 300-850 VantageScore scale range with their corresponding probability of default (PD) values. The Default Risk Index is a measure of relative changes in risk level, benchmarked against the third quarter of 2013, the first period for which data were compiled. Interactive tools at DefaultRiskIndex.com allow users to view trends for each loan category and freely download the data behind the charts. The VantageScore Default Risk Index is provided as a free resource to institutional and individual investors, professionals in the securitization field, academics, and all others interested in systemic lending risk. It is updated quarterly, with data reflecting loans issued in the preceding quarter. VantageScore Solutions and TransUnion developed the DRI to highlight limitations in the traditional ways credit scores are used to evaluate risk for categories or pools of loans. Today's common practices -- using "weighted average credit score" or "distribution by score band" to summarize risk -- are mathematically flawed. Reliance on those metrics can result in a miscalculation regarding the true credit quality of a loan pool as well as obscuring meaningful trends and leading a well-intentioned analyst to the wrong conclusions. About VantageScore Solutions Credit scores can impact many aspects of your life, everything from whether you are able to get a loan and how much interest you will have to pay to whether you are able to rent an apartment. VantageScore Solutions, LLC (www.VantageScore.com) is the independently managed company that owns the intellectual property rights to the VantageScore credit scoring models and is the leader in scoring innovation. Recently introduced VantageScore models score 30-35 million consumers who typically are not scored by conventional models without relaxing standards. VantageScore credit scores are used by lenders, landlords, utility companies, telecom companies, and many others to determine your creditworthiness. By using the VantageScore model, these enterprises have access to many more consumers, and in turn, consumers have greater access to mainstream credit. While there are many credit scoring models in the industry, the "win-win" for VantageScore is its innovative, highly predictive, patent-protected, tri-bureau scoring methodology that provides lenders and consumers with more consistent credit scores across all three national credit reporting companies. VantageScore is also the model tens of millions of consumers use to monitor their credit behaviors through dozens of websites and lenders who provide their users and customers with their credit scores for free. More than eight billion VantageScore credit scores were used in the 12-month period from July 2015-June 2016 by over 2,400 lenders and other industry participants, including 20 of the top 25 financial institutions -- an increase of nearly 40% over the previous 12-month period. The company is celebrating its 11th anniversary in 2017.
News Article | May 8, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Buffalo Wild Wings, Inc. (NASDAQ:BWLD) today mailed a letter to its shareholders in connection with the company’s upcoming 2017 Annual Meeting of Shareholders (“Annual Meeting”) to be held on June 2, 2017. The Buffalo Wild Wings Board of Directors unanimously recommends that shareholders vote the YELLOW proxy card “FOR” the election of all nine of the Board’s experienced and highly-qualified director nominees: Cynthia L. Davis, Andre J. Fernandez, Janice L. Fields, Harry A. Lawton, J. Oliver Maggard, Jerry R. Rose, Sam B. Rovit, Harmit J. Singh and Sally J. Smith. All materials regarding the Board’s recommendation can be found at http://www.buffalowildwings.com/en/2017-annual-meeting/. The full text of the letter follows: VOTE THE ENCLOSED YELLOW PROXY CARD TODAY “FOR” ALL OF BUFFALO WILD WINGS’ HIGHLY-QUALIFIED DIRECTOR NOMINEES We write to encourage you to cast your vote for Buffalo Wild Wings’ upcoming 2017 Annual Meeting of Shareholders, which will be held on June 2nd. This meeting is particularly important because a hedge fund, Marcato Capital Management, L.P. (“Marcato”), is aiming to derail our strategic plan and remove every independent director on our Board with more than eight months of service. We believe that is reckless, and we need your support to prevent this from occurring. Vote the enclosed YELLOW proxy card “FOR” your company’s highly-qualified and experienced director nominees. BUFFALO WILD WINGS HAS GENERATED STRONG RETURNS FOR SHAREHOLDERS COMPARED TO OUR PEERS Without putting forth a substantive and realistic operating plan, Marcato is now asking for your vote based on flawed analysis. The hedge fund compares Buffalo Wild Wings’ results to those of large industrial companies and to retailers that sell hairbrushes and discounted t-shirts. When Marcato does compare Buffalo Wild Wings to other restaurant companies, it includes a mix of quick-serve and fast casual companies and others, which are very different operationally and have very different business models. If you compare Buffalo Wild Wings to truly comparable companies – casual dining companies with servers and a full menu and that operate in the same macro environment conditions and with similar labor issues – you will see that we have outperformed them on financial and operating metrics, as well as on shareholder returns. Marcato never claims – and with good reason – that there are casual dining chains that have consistently outperformed us. Perhaps because Marcato has been unable to construct a fair set of peer companies that consistently outperform Buffalo Wild Wings, Marcato instead points out that we have used different variations of peer sets over time. It is true that we use different sets of peers for different purposes; for example, in setting compensation, we are concerned with companies that compete with us for talent. But the truth that Marcato fails to mention is that we have outperformed the median of all of the peer sets we use over the majority of the relevant timeframes.1 Marcato does not claim otherwise. Nor could it. Do not allow Marcato’s misleading claims to distract you from the fact that Buffalo Wild Wings has outperformed its casual dining peers over the short- and long-term. Moreover, since our IPO, we have generated significant returns for our shareholders. Indeed, an investor in our IPO would have received a return of 24% per year over the nearly 14 years we have been publicly listed. We are extremely proud of this track record on an absolute basis and note that it is substantially better than any of our casual dining peers. We are sharply focused on continuing our history of generating outstanding returns for our shareholders. Our goal is to meet or exceed the success we have had since our IPO. BUFFALO WILD WINGS HAS ALSO OUTPERFORMED OUR PEER GROUP ON RELEVANT OPERATING METRICS Marcato also claims that our operating performance has been weak. While we are never satisfied, we also believe Marcato’s review of our history is flawed. Our fundamental business and financial performance has exceeded that of our peers over most periods of our history. Marcato correctly notes that one of our franchisees has higher margins in its stores than we do across the entire company. But standing alone, that is misleading. First, we do have restaurant-level margins in many of our units that match or exceed those of the franchisee Marcato references. But, we operate nationally. In many of our markets, the labor laws, rents and regional economies are not as favorable as those of our geographically concentrated franchisees, including the one referenced by Marcato. We recently benchmarked our stores in one particular region against those of a franchisee who operates in the same region. Our company owned restaurants in that region had better margins than the franchisee. You can also observe in the accompanying chart that our same store sales growth is consistently above our franchisees. We believe we are good operators, though we are always seeking to improve. BUFFALO WILD WINGS HAS A CLEAR STRATEGY FOR FURTHER VALUE CREATION Despite Marcato’s false assertions that we do not have a strategy, the company has already articulated a clear strategy to create additional shareholder value. We are focused on continuous improvement of our operating performance and optimizing the use and structure of our capital base, not mere financial engineering, like Marcato. The core elements of our strategy include: Our unique approach to the market, focused on millennials and sports fans, has allowed us to outperform our peers since our launch. We are going to further capitalize on our unique advantages as we continue to pursue growth and margin expansion. OUR BOARD HAS FRESH PERSPECTIVES AND RELEVANT EXPERTISE Marcato claims that the Buffalo Wild Wings Board needs fresh perspective. We have shown extraordinary commitment to Board refreshment. In the last year alone, we have appointed three new directors and have nominated two outstanding new directors for election at our Annual Meeting. In fact, if our slate is elected at this year’s Annual Meeting, we will have one of the shortest average tenures of any board in the casual dining sector. Our directors and nominees have highly relevant experience in the restaurant food service, entertainment, technology, retail and consumer sectors. In addition, our proposed Board is an appropriate mix of directors with a diversity of backgrounds and new perspectives, while retaining the knowledge that led Buffalo Wild Wings’ past success. We have also rotated the role of Chairman and each of our committees elected a new Chair in the past year. Marcato’s risky, self-serving agenda asks you to remove every independent director with vital institutional knowledge of our business and who participated in our business’ superior long-term performance. This is simply not in shareholders’ best interests and it threatens the value of your investment. We therefore urge you to vote “FOR” each of Buffalo Wild Wings’ nine nominees today by telephone, by Internet or by signing and dating the enclosed YELLOW proxy card and returning it in the postage-paid envelope provided. No matter how few shares you own, it is important that all shareholders have their voices heard in this critically important decision regarding your investment. We further encourage you to discard any proxy materials sent to you by Marcato. Thank you for your continued support. If you have any questions or require any assistance with voting your shares, please contact the company’s proxy solicitor listed below: Lazard Ltd is serving as financial advisor and Faegre Baker Daniels is serving as legal advisor to the company. Buffalo Wild Wings, Inc., founded in 1982 and headquartered in Minneapolis, is a growing owner, operator and franchisor of Buffalo Wild Wings(R) restaurants featuring a variety of boldly-flavored, made-to-order menu items including its namesake Buffalo, New York-style chicken wings. The Buffalo Wild Wings menu specializes in 21 mouth-watering signature sauces and seasonings with flavor sensations ranging from Sweet BBQ(TM) to Blazin'(R). Guests enjoy a welcoming neighborhood atmosphere that includes an extensive multi-media system for watching their favorite sporting events. Buffalo Wild Wings is the recipient of hundreds of "Best Wings" and "Best Sports Bar" awards from across the country. There are currently more than 1,220 Buffalo Wild Wings locations around the world. To stay up-to-date on all the latest events and offers for sports fans and wing lovers, like Buffalo Wild Wings on Facebook, follow @BWWings on Twitter and visit www.BuffaloWildWings.com. This communication contains “forward-looking statements” within the meaning of the federal securities laws. Such statements include statements concerning anticipated future events and expectations that are not historical facts. All statements other than statements of historical fact are statement that could be deemed forward-looking statements. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including the factors described under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports we file with the SEC. We do not assume any obligation to publicly update any forward-looking statement after they are made, whether as a result of new information, future events or otherwise. Buffalo Wild Wings, Inc., its directors and certain of its executive officers and employees are participants in the solicitation of proxies from Buffalo Wild Wings shareholders in connection with its 2017 annual meeting of shareholders to be held on June 2, 2017. Information concerning the identity and interests of these persons is available in the definitive proxy statement Buffalo Wild Wings filed with the SEC on April 21, 2017. Buffalo Wild Wings has filed a definitive proxy statement in connection with its 2017 annual meeting. The definitive proxy statement, any amendments thereto and any other relevant documents, and other materials filed with the SEC concerning Buffalo Wild Wings are (or will be, when filed) available free of charge at http://www.sec.gov and http://ir.buffalowildwings.com. Shareholders should read carefully the definitive proxy statement and any other relevant documents that Buffalo Wild Wings files with the SEC when they become available before making any voting decision because they contain important information. Restaurant-level profit and restaurant-level margin are neither required by, nor presented in accordance with U.S. GAAP and are non-GAAP financial measures. Restaurant-level profit is defined as restaurant sales less restaurant operating costs (cost of sales, labor, operating, and occupancy expense). Restaurant-level margin is defined as restaurant-level profit as a percentage of restaurant sales. Restaurant-level profit and restaurant-level margin have limitations as analytical tools, and should not be evaluated in isolation or as substitutes for analysis of results as reported under U.S. GAAP. Management believes the restaurant-level profit and restaurant-level margin are important tools for investors because they are widely-used metrics within the restaurant industry to evaluate restaurant-level productivity, efficiency and performance. Management uses restaurant-level profit and restaurant-level margin as key performance indicators to evaluate the profitability of company-owned restaurants. A reconciliation of restaurant sales to restaurant-level margin is provided below: Adjusted earnings before interest, taxes, and depreciation and amortization (Adjusted EBITDA) is not required by, nor presented in accordance with U.S. GAAP and is a non-GAAP financial measure. The Company defines Adjusted EBITDA as income from operations plus depreciation and amortization, loss on asset disposals and impairment, and other income. Adjusted EBITDA has limitations as an analytical tool, and should not be evaluated in isolation or as a substitute for analysis of results as reported under U.S. GAAP. Management utilizes this metric as a basis for evaluating our ongoing operations, and believes investors' understanding of our performance is enhanced by including this non-GAAP financial measure as a reasonable basis for evaluating our ongoing results of operations, without the effects of interest, taxes, depreciation and amortization, loss on asset disposals and impairment, and other income. A reconciliation of income from operations to Adjusted EBITDA is provided below: Amounts in the reconciliations above are denoted in thousands. 1 Buffalo Wild Wings has outperformed the median TSR of every one of the five sets of peers that Marcato lists over the one year and five years ended April 28, 2017. Buffalo Wild Wings outperforms the median of three of the five peer sets for the three-year period. 2 Source: FactSet. Note: Market data as of April 28, 2017. Casual dining index calculated as the median of the peers. Casual dining peers include BBRG, BJRI, BLMN, CAKE, CBRL, CHUY, DENN, DIN, DRI, EAT, IRGT, RRGB, RT and TXRH. BLMN, CHUY and IRGT calculated since end of first trading day closing price post IPO for five-year TSR comparison. 3 Source: Company filings and FactSet. Market data as of April 28, 2017. Represents annualized TSR since respective IPO for each company. 4 As of reincorporation date from Morrison Restaurants Inc. 5Source: Company filings. BWLD performance is compared to the mean of the peer group over the periods noted. Data reflects performance over the respective five and ten fiscal years ended 2016. Peers include BBRG, BJRI, BLMN, CAKE, CBRL, CHUY, DENN, DIN, DRI, EAT, IRGT, RRGB, RT and TXRH. Same-store sales figures are as reported. Where consolidated same-store sales is not reported (i.e., DIN, DRI, TXRH), the figures used in the analysis reflect the weighted average same-store sales by concept (i.e., DIN, DRI) or by ownership type (i.e., TXRH). Domestic same-stores sales used for DENN, DIN and BLMN. Restaurant-level margins are calculated as restaurant sales less restaurant operating costs. Restaurant operating costs include marketing expenses in all cases except for DRI, prior to FY 2014, and RT, and include any reported one-time adjustments. EPS analysis utilizes adjusted fiscal year EPS, when available and as reported, only for years in which each company was public. Mean EPS CAGR for the peer group excludes IRG due to negative EPS in FY 2016. EBITDA calculated as operating income, less stock-based comp and pre-opening expenses when not accounted for in the reported figure, plus depreciation and amortization. EBITDA is adjusted for impairment and closure expenses and one-time items. 6 As of June 2017, in years. 7 Pro forma for 2017 nominees.
News Article | May 4, 2017
Information and relationships important to success of recent production relaunch ZHANGJIAKOU, CHINA--(Marketwired - May 4, 2017) - Adamant DRI Processing and Minerals Group ( : ADMG), based in the People's Republic of China, a producer and supplier of direct reduced iron (DRI) feedstock for China's steel manufacturing and processing industries, attended the 5th World DRI and Pellet Conference held in Dubai, UAE, April 26-27, 2017. Coming at a pivotal time for the Company as it relaunches direct reduced iron (DRI) production after a 2-year shutdown for environmental and production upgrades, management was able to enhance relationships with new and existing suppliers and gain new technical and industry awareness. About Adamant DRI Adamant DRI Processing and Minerals Group produces and sells direct reduced iron for use as feedstock to Chinese state owned and locally owned steel manufacturers. The Company is now emerging from a 2-year retooling period in response to Chinese environmental reforms. The Company's stock is traded on the OTCQB under the ticker symbol ADMG. Adamant DRI is based in Zhangjiakou, Hebei Province, People's Republic of China. Forward-looking Statements This press release contains forward-looking statements regarding prospects, statements of future expectations, future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time.
News Article | February 28, 2017
The technological promise for cloud seeding has finally come with flying robots pulling water out from sky and injuring no one in the process. Cloud seeding itself is not new, dating back to early as 1940s. What is new is the employment of fixed-wing drones firing silver iodide into the clouds some 400 feet above ground. "We built a robot that can fly itself and bring more water out of clouds," Dr. Adam Watts of the Desert Research Institute said. The use of fixed-wing drone flying out from the pilot's line of sight as it disperses silver iodide into the clouds is considered as the "next step" in an ambitious process to solve the old problem of weather modification. DRI built last year a new drone named "Sandoval Silver State Seeder". The newly built unmanned aircraft had its test flight last year flying at an altitude of 400 feet. It did not perform the cloud seeding operation at the time but DRI called the test flight as a "major milestone". This time, however, DRI together with Nevada's Drone America sent a drone to a cloud seeding operation. The drone, weighing 18 pounds including the silver iodide load, has an 11-foot wingspan. It has a maximum flying time of two hours "I think that will be history making — at least it's going to extend cloud seeding further than anybody's ever imagined," Chris Walach, director of operations for unmanned aviation at Nevada Institute of Autonomous Systems, declared. The institute serves as a clearing house for all drone-related business. "There's inherent risk in conducting aerial cloud seeding operations," Watts said, "because the aircraft have to fly under dangerous conditions: low altitude, usually close to mountain terrain, in icing conditions, and quite often in high winds." The advent of unmanned aircraft had eliminated this risk, which has become common even among scientists in the conduct of research that requires an aircraft. Flying drones can directly save the lives of pilots in performing cloud seeding operations using the traditional manned aircraft. The new method does not claim to have solved the problem of efficiency but offered a new way of doing cloud seeding operations. It is not about creating a weather to end droughts. Cloud seeding has not yet been statistically proven effective. "I think you can squeeze out a little more snow or rain in some places under some conditions, but that's quite different from a program claiming to reliably increase precipitation," Standford University ecologist Rob Jackson said. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.