News Article | May 2, 2017
NEW YORK--(BUSINESS WIRE)--Barclays today announced the launch of the Shiller Barclays CAPE® Single Stock Index Family, a new addition to the successful series of equity sector indices designed jointly by Professor Robert Shiller and Barclays. Professor Shiller and Barclays began their collaboration in 2010, and in 2012 launched the Shiller Barclays CAPE® Sector Index Family. These indices use the Cyclically Adjusted Price Earnings® ratio (CAPE®), developed by Professor Robert Shiller and John Campbell in the 1980s, to identify long-term undervalued sectors in the US, Europe and Asia. The indices have been well-received by investors, with significant investment in products tracking them. The new index range also uses the CAPE® ratio to determine valuation, but rather than sectors applies this to single stocks of established companies across various regions. The new indices aim to provide an alternative to market capitalization weighted indices with a unique value bias based on the CAPE® Ratio and momentum. They will initially offer exposure to the United States and Eurozone regions with Japan and Asia ex-Japan to follow. In addition to the long-only Single Stock indices, there will be market-hedged Index versions, which hold a long position in the Shiller Barclays CAPE® US Single Stock Index and a beta-adjusted short position in the relevant benchmark index, aiming to provide a ‘market neutral value’ investment. This responds to investor interest in accessing the equity value risk premia. “We seek to invest in seasoned companies - Old Standbys - that also show good value by the CAPE® ratio. This is a new and different approach to value investing that is designed to try to come closer to its original motivation: find stocks that are well established and relatively forgotten, with a long history of earnings but underpriced in the market,” said Professor Robert Shiller. “Barclays is delighted to continue our long standing collaboration with renowned author and Yale economist Robert Shiller, producing indices which draw on some of his well-known investing concepts. This launch highlights Barclays’ commitment to bringing clients a full array of investable indices based on academic research,” said Ben Redmond, Director in EFS Solutions. “The Shiller Barclays CAPE® Single Stock Index Family will offer investors a new way to gain exposure to underpriced stocks. Knowledge of the equity value premia has existed since the 1930s, and we believe this innovative take on it will allow investors a new way to access attractively priced shares,” said David Haefliger, EFS Solutions. For more information please visit indices.barclays. This communication has been prepared by Barclays. “Barclays” means any entity within the Barclays Group of companies, where “Barclays Group” means Barclays Bank PLC, Barclays PLC and any of their subsidiaries, affiliates, ultimate holding company and any subsidiaries or affiliates of such holding company. BARCLAYS IS A FULL SERVICE INVESTMENT BANK. In the normal course of offering investment banking products and services to clients, Barclays may act in several capacities (including issuer, market maker and/or liquidity provider, underwriter, distributor, index sponsor, swap counterparty and calculation agent) simultaneously with respect to a product, giving rise to potential conflicts of interest which may impact the performance of a product. Barclays may at any time acquire, hold or dispose of long or short positions (including hedging and trading positions) and trade or otherwise effect transactions for their own account or the account of their customers in the products referred to herein which may impact the performance of a product. Barclays is not offering to sell or seeking offers to buy any product or enter into any transaction. Any offer or entry into any transaction requires Barclays’ subsequent formal agreement which will be subject to internal approvals and execution of binding transaction documents. Neither Barclays nor any of its directors, officers, employees, representatives or agents, accepts any liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) arising from the use of this communication or its contents or reliance on the information contained herein, except to the extent this would be prohibited by law or regulation. Barclays is not responsible for information stated to be obtained or derived from third party sources or statistical services. All opinions and estimates are given as of the date hereof and are subject to change. The value of any investment may also fluctuate as a result of market changes. Barclays is not obliged to inform the recipients of this communication of any change to such opinions or estimates. Barclays offers premier investment banking products and services to its clients through Barclays Bank PLC. Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of the London Stock Exchange. Barclays Bank PLC is registered in England No. 1026167 with its registered office at 1 Churchill Place, London E14 5HP. The Shiller Barclays CAPE® Index Family has been developed in part by RSBB-I, LLC, the research principal of which is Robert J. Shiller. RSBB-I, LLC is not an investment advisor, and does not guarantee the accuracy or completeness of the Shiller Barclays CAPE® Index Family, or any data or methodology either included therein or upon which it is based. Neither RSBB-I, LLC nor Robert J. Shiller shall have any liability for any errors, omissions, or interruptions therein, and makes no warranties, express or implied, as to performance or results experienced by any party from the use of any information included therein or upon which it is based, and expressly disclaims all warranties of merchantability or fitness for a particular purpose with respect thereto, and shall not be liable for any claims or losses of any nature in connection with the use of such information, including but not limited to, lost profits or punitive or consequential damages, even if RSBB-I, LLC is advised of the possibility of same. Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 120,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website home.barclays.
News Article | May 5, 2017
"I'm extremely proud and excited about the 25th anniversary of The Ric Edelman Show," said Ric Edelman, founder and executive chairman of Edelman Financial Services. "Our goal is to help our listeners achieve financial success by providing them with practical information and solutions. I look forward to continuing the legacy we have built over the years and offering tailored financial advice to people across America." TALKERS magazine named Ric one of the top 100 talk show hosts in the radio industry for three years1 and, in 2012, named him the #2 most important weekend-only talk show host in the nation.2 The Ric Edelman Show airs on radio stations across the United States every weekend. For more information and to listen to past episodes, click here. ABOUT RIC EDELMAN: Ric Edelman, founder and executive chairman of Edelman Financial Services, is widely regarded as one of the top financial advisors in the field. He was ranked the nation's #1 Independent Financial Advisor three times by Barron's,3 named among the country's Top 10 Wealth Advisors by Forbes magazine,4 and is the 2017 recipient of the IARFC's Loren Dunton Memorial Award,5 a lifetime achievement award for his substantial contributions to the financial services profession and the financial interests of the public. He was also named one of the "10 most influential figures" in the advisory field by RIABiz in 2013.6 Ric is an award-winning radio and television personality7 and a #1 New York Times bestselling author. His ninth book, The Truth About Your Future, was published in March and became an instant New York Times Best Seller.8 Ric is an inductee of the Financial Advisor Hall of Fame9 sponsored by Research magazine, a Distinguished Lecturer at Rowan University and a resident expert for Dr. Oz. ABOUT EDELMAN FINANCIAL SERVICES: Edelman Financial Services, with 157 financial planners and 42 offices coast-to-coast, provides financial planning and investment management services to more than 31,000 individuals and families and manages more than $17 billion in assets.10 The firm also provides 401(k) plans and institutional investment management for businesses. Edelman Financial Services has won more than 100 financial, business, community and philanthropic awards11 and offers an investment philosophy that puts clients first and delivers value through in-depth financial education, personalized financial plans and unfettered access to planners.12 Ric Edelman is an Investment Advisor Representative who offers advisory services through Edelman Financial Services, LLC, a Registered Investment Advisor. He is also a Registered Representative and Registered Principal of, and offers securities through, EF Legacy Securities, LLC, an affiliated broker/dealer, member FINRA/SIPC. EFS offers advisory services in all 50 states, the District of Columbia, and Puerto Rico. As such, these services are strictly intended for individuals residing in the United States and Puerto Rico. No offers may be made to or accepted from any resident outside of the 50 states, the District of Columbia, or Puerto Rico. 1 TALKERS magazine "Heavy Hundred" ranking is based on a number of both quantitative and qualitative criteria and is determined by collective analysis of the TALKERS editorial board with input from a wide variety of industry leaders. Investor experience/returns were not considered as part of this ranking. 2 TALKERS magazine ranking "250 Most Important Radio Talk Show Hosts in America" (April 2012) is based on courage, effort, impact, longevity, potential, ratings, recognition, revenue, service, talent and uniqueness of the talk show host. 3 According to Barron's, "The formula [used] to rank advisors has three major components: assets managed, revenue produced and quality of the advisor's practice. Investment returns are not a component of the rankings because an advisor's returns are dictated largely by each client's risk tolerance. The quality-of-practice component includes an evaluation of each advisor's regulatory record." The rankings are based on the universe of applications submitted to Barron's. The selection process begins with a nomination and application provided to Barron's. Principals of Edelman Financial Services, LLC self-nominated the firm and submitted quantitative and qualitative information to Barron's as requested. Barron's reviewed and considered this information, which resulted in the rankings on Aug. 27, 2012/Aug. 28, 2010/Aug. 31, 2009. 4 Forbes rankings are the opinion of SHOOK Research and are based on advisor interviews, client retention, industry experience, compliance record, assets under management and revenue generated for the firm. Investment performance is not considered. Advisors do not pay to be in the ranking. 5 Presented by the International Association of Registered Financial Consultants (IARFC). Candidates must hold a professional designation and must have disseminated their comments on financial topics by having them widely published in articles, journals, books, etc. They must have provided outstanding personal service or leadership in the financial services industry. Nominees must have participated in some aspect of financial education to the public or to other members of the profession. Investor experience/returns were not considered. 6 The RIABiz listing of the 10 most influential figures in the Registered Investment Advisor industry is in recognition of notable, driven and influential executives who are advancing their firms and are considered to be influential in the RIA business. Investor experience/returns were not considered as part of this ranking. 7 Throughout the firm's 30-year history, EFS and Ric Edelman have been presented with numerous business, advisory, communication and community service awards. More information on these awards can be found at EdelmanFinancial.com/awards. 8 The New York Times Book Review Advice, How-To and Miscellaneous. April 16, 2017. 9 Research magazine cover story "Advisor Hall of Fame," December 2004 (based on serving a minimum of 15 years in the industry, having acquired substantial assets under management, demonstrating superior client service and having earned recognition from peers and the broader community for how they reflect on their profession). Investor experience/returns were not considered as part of this ranking. 10 As of Dec. 31, 2016. 11 Throughout the firm's 30-year history, EFS and Ric Edelman have been presented with numerous business, advisory, communication and community service awards. More information on these awards can be found at EdelmanFinancial.com/awards. 12 Investing strategies, such as asset allocation, diversification, or rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-ric-edelman-show-celebrates-25-years-300452431.html
News Article | May 4, 2017
NEW YORK, May 04, 2017 (GLOBE NEWSWIRE) -- Arc Logistics Partners LP (NYSE:ARCX) ("Arc Logistics" or the "Partnership") today reported its financial and operating results for the first quarter ended March 31, 2017. During the first quarter of 2017, the Partnership accomplished the following: For additional information regarding the Partnership’s calculation of Adjusted EBITDA and Distributable Cash Flow, which are non-GAAP financial measures, and a reconciliation of net income to Adjusted EBITDA and cash flows from operating activities to Distributable Cash Flow, please see below in this release and the accompanying tables. First Quarter 2017 Operational and Financial Results The Partnership’s first quarter 2017 reported revenues, net income and Adjusted EBITDA of $25.9 million, $3.8 million and $13.3 million, respectively, represents a decrease over the Partnership’s first quarter 2016 reported revenues, net income and Adjusted EBITDA of $26.1 million, $5.0 million and $13.5 million, respectively. Operating income decreased by $0.9 million to $4.1 million for the first quarter 2017 when compared to the first quarter 2016 operating income of $5.0 million, which decrease was principally due to the following: As of March 31, 2017, the Partnership's storage capacity was approximately 7.8 million barrels, which represents an approximately 0.1 million barrel, or 1%, increase when compared to the Partnership’s capacity at March 31, 2016. The increase in storage capacity is related to three newly constructed biodiesel tanks at the Pennsylvania terminals and the completion of the third 100,000 barrel tank at the Pawnee terminal. The Partnership's throughput activity increased by 14.5 mbpd, or 10%, to 159.5 mbpd during the first quarter of 2017 compared to the first quarter of 2016. The increase was due to (i) 2.9 mbpd increase in asphalt and industrial products throughput related to existing customer activity in the Gulf Coast, (ii) 0.5 mbpd decrease in crude oil throughput as customer activity at the Joliet terminal offset a reduction in customer activity at the Pawnee and Portland terminals, (iii) 5.0 mbpd increase in distillates throughput is the result of recently executed agreements and increased existing customer activity in Baltimore, Chickasaw, Cleveland and the Pennsylvania terminals, partially offset by reduced customer activity and customer non-renewals in the Partnership’s Blakeley, Madison, Mobile, Portland, Selma, Toledo terminals, (iv) 7.1 mbpd increase in gasoline throughput as a result of 8.3 mbpd of recently executed agreements and increased commercial activity across the entire network providing gasoline service offset by 1.2 mbpd of reduced customer activity in the Partnership’s Dupont and Selma terminals. In April 2017, the Partnership declared a quarterly cash distribution of $0.44 per unit, or $1.76 per unit on an annualized basis, for the period from January 1, 2017 through March 31, 2017. The distribution will be paid on May 15, 2017 to unitholders of record on May 8, 2017. Arc Logistics will hold a conference call and webcast to discuss the first quarter 2017 financial and operating results on May 4, 2017, at 5:00 p.m. Eastern. Interested parties may listen to the conference call by dialing (855) 433-0931. International callers may access the conference call by dialing (484) 756-4279. The call may also be accessed live over the internet by visiting the “Investor Relations” page of the Partnership’s website at www.arcxlp.com and will be available for replay for approximately one month. Arc Logistics is a fee-based, growth-oriented limited partnership that owns, operates, develops and acquires a diversified portfolio of complementary energy logistics assets. Arc Logistics is principally engaged in the terminalling, storage, throughput and transloading of petroleum products and other liquids. For more information, please visit www.arcxlp.com. Certain statements and information in this press release constitute “forward-looking statements.” Certain expressions including “believe,” “expect,” “intends,” or other similar expressions are intended to identify the Partnership’s current expectations, opinions, views or beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. The forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and its present expectations or projections. Important factors that could cause actual results to differ materially from forward-looking statements include but are not limited to: (i) adverse economic, capital markets and political conditions; (ii) changes in the market place for the Partnership’s services; (iii) changes in prices and supply and demand of crude oil and petroleum products; (iv) actions and performance of the Partnership’s customers, vendors or competitors; (v) nonrenewal, nonpayment or nonperformance by the Partnership’s customers and the Partnership’s ability to replace such contracts and/or customers; (vi) changes in the cost of or availability of capital; (vi) unanticipated capital expenditures in connection with the construction, repair or replacement of the Partnership’s assets; (viii) operating hazards, unforeseen weather events or matters beyond the Partnership’s control; (ix) inability to consummate acquisitions, pending or otherwise, on acceptable terms and successfully integrate acquired businesses into the Partnership’s operations; (x) effects of existing and future laws or governmental regulations; and (xi) litigation. Additional information concerning these and other factors that could cause the Partnership’s actual results to differ from projected results can be found in the Partnership’s public periodic filings with the Securities and Exchange Commission (“SEC”), including the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on March 14, 2017 and any updates thereto in the Partnership’s subsequent quarterly reports on Form 10-Q and current reports on Forms 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Partnership undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise. The Partnership defines Adjusted EBITDA as net income before interest expense, income taxes and depreciation and amortization expense, as further adjusted for other non-cash charges and other charges that are not reflective of its ongoing operations. Adjusted EBITDA is a non-GAAP financial measure that management and external users of the Partnership’s consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess (i) the performance of the Partnership’s assets without regard to the impact of financing methods, capital structure or historical cost basis of the Partnership’s assets; (ii) the viability of capital expenditure projects and the overall rates of return on alternative investment opportunities; (iii) the Partnership’s ability to make distributions; (iv) the Partnership’s ability to incur and service debt and fund capital expenditures; and (v) the Partnership’s ability to incur additional expenses. The Partnership believes that the presentation of Adjusted EBITDA provides useful information to investors in assessing its financial condition and results of operations. The Partnership defines Distributable Cash Flow as Adjusted EBITDA less (i) cash interest expense paid; (ii) cash income taxes paid; (iii) maintenance capital expenditures paid; and (iv) equity earnings from the Partnership’s interests in Gulf LNG Holdings Group, LLC (the “LNG Interest”); plus (v) cash distributions from the LNG Interest. Distributable Cash Flow is a non-GAAP financial measure that management and external users of the Partnership’s consolidated financial statements may use to evaluate whether the Partnership is generating sufficient cash flow to support distributions to its unitholders as well as to measure the ability of the Partnership’s assets to generate cash sufficient to support its indebtedness and maintain its operations. The GAAP measure most directly comparable to Adjusted EBITDA is net income and to Distributable Cash Flow is cash flows from operating activities. Neither Adjusted EBITDA nor Distributable Cash Flow should be considered an alternative to net income or cash flows from operating activities, respectively. Adjusted EBITDA and Distributable Cash Flow have important limitations as analytical tools because they exclude some but not all items that affect net income. You should not consider Adjusted EBITDA or Distributable Cash Flow in isolation or as a substitute for analysis of the Partnership’s results as reported under GAAP. Additionally, because Adjusted EBITDA and Distributable Cash Flow may be defined differently by other companies in the Partnership’s industry, the Partnership’s definitions of Adjusted EBITDA and Distributable Cash Flow may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. Please see the reconciliation of net income to Adjusted EBITDA and cash flows from operating activities to Distributable Cash Flow in the accompanying tables. (a) The (gain) loss on revaluation of contingent consideration, depreciation and amortization have been adjusted to remove the non-controlling interest portion related to the GE EFS affiliate’s ownership interest in Arc Terminals Joliet Holdings LLC. (b) The one-time non-recurring expenses relate to amounts incurred as due diligence expenses from acquisitions and other infrequent or unusual expenses incurred. (c) The non-cash (gain) loss on revaluation of contingent consideration is related to the earn-out obligations incurred as a part of the Joliet terminal acquisition. (d) The non-cash deferred rent expense relates to the accounting treatment for the Portland terminal lease transaction termination fees.
News Article | April 11, 2016
Dr. Justin McLay, research meteorologist at the U.S. Naval Research Laboratory (NRL) Marine Meteorology Division, receives the esteemed Laboratory Scientist of the Quarter award honoring extraordinary service to the Department of Defense (DoD). McLay is bestowed the award for his distinguished accomplishments in leading the 'New Rules of Predictability' project and his key role in developing and transitioning the Navy Global Environmental Model (NAVGEM) Ensemble Forecast System (EFS). "Dr. McLay's development of the 'New Rules of Predictability' has been groundbreaking," said Dr. John Montgomery, Director of Research at NRL. "His sustained effort in developing an ensemble system and using ensemble information provide a fundamental understanding of the impact weather and climate change have on Navy assets, and offer unique and valuable contributions to overall Defense Department missions and goals." McLay is a recognized subject matter expert in the design and application of atmospheric ensemble predictions. His work on the 6.1 level predictability project and 6.4 level NAVGEM EFS may significantly enhance the current and future missions of the Navy and DoD in environmental information dominance. Providing detailed knowledge of future extreme weather variability and conditions (wind speeds, wave heights, air and sea temperatures, sea ice thickness and extent, and sea level) the ensemble will enable the Navy and DoD to adapt to future environmental impacts. Beginning his career in weather science as a certified weather observer for the National Weather Service (NWS), McLay worked to obtain a doctorate in atmospheric science from the University of Wisconsin-Madison where he had received both a bachelor's and master's degree in atmospheric science in 1997 and 2001 respectively. After receiving his Ph.D. in 2004, he was granted a post-doctoral appointment within the National Research Council (NRC) for a position at NRL-Monterey in the Global Modeling Section of the Atmospheric Dynamics and Prediction Branch. In 2007, McLay started his federal career at NRL-Montery, and progressed to improve the design of the now retired Navy Operational Global Atmospheric Prediction System (NOGAPS) EFS through the implementation of locally banded ensemble transform (ET) perturbations of the initial state. In March 2015 he led the successful transition of the Navy's first operational method for stochastic forcing of the NAVGEM global model (SKEB-mc), which improves the measurement of forecast uncertainty. McLay has authored or co-authored 17 journal publications and has led nine successful technical transitions for the Navy's NAVGEM global EPS. In April 2015 he received the Alan Berman Annual Research Publication Award for a study of statistical inference applied to model parameter uncertainty. He is currently Associate Editor for the Monthly Weather Review journal and a member of the American Meteorological Society (AMS) Weather Analysis and Forecasting Committee. McLay has presented his research at numerous conferences and workshops, including as an invited speaker on the topic of forecast time series behavior at the Developmental Testbed Center (DTC), National Center for Atmospheric Research (NCAR). About the U.S. Naval Research Laboratory The U.S. Naval Research Laboratory provides the advanced scientific capabilities required to bolster our country's position of global naval leadership. The Laboratory, with a total complement of approximately 2,500 personnel, is located in southwest Washington, D.C., with other major sites at the Stennis Space Center, Miss., and Monterey, Calif. NRL has served the Navy and the nation for over 90 years and continues to advance research further than you can imagine. For more information, visit the NRL website or join the conversation on Twitter, Facebook, and YouTube.
News Article | January 29, 2017
Experts have already weighed in on the new NVIDIA Shield Android TV's performance and Tech Times has shared some tips and tricks so Shield TV owners can maximize the streaming box's potential. Now we're back to give readers and Shield TV owners another set of tips on how to better personalize the device by transferring and accessing your personal media content through Kodi. So how should one go about leveling up their Nvidia Shield Android TV? The steps are pretty simple but we highly suggest that you have already expanded the device's storage if you are using the basic 16 GB device. If you are still wondering which to choose and you're looking to play your own files just as much as streaming media, you may want to opt for the Pro version with 500 GB storage capacity. Here's how to install Kodi with Nvidia's Android streaming device: Installing Kodi on Shield TV is pretty straightforward and only consists of three very easy steps. 1. Open the Google Play Store application from your Nvidia Android Shield TV Now you have Kodi installed, but wait, there's more! Using the Kodi application, Shield TV owners can either stream content over wi-fi by installing add-ons or transfer files then access the media saved in the internal storage. We will show you how to do the latter. We mentioned before that the Shield TV can still be connected to your PC so that is already one way to transfer files. However, to do away with cables entirely, Tech Times suggests installing a file manager via Kodi instead. The EFS File Explorer File Manager is easy enough to use and powerful enough to transfer your files from your cloud account to the Shield TV internal storage over wi-fi. One way to make the experience hassle-free is to organize your files the same way the Shield root system does to its files. That is, by categorizing content and placing them in their respective, aptly named folders such as "Pictures," Music," or "Videos." If you do that, the only thing left to do once you transferred the files is to set up Kodi. This part is so simple if you have properly categorized files prior to transfer so we will assume that is exactly what you did. 1. From your Shield TV, open Kodi and select which category you will set up (Music, Videos, Pictures) 3. A window will pop up. From this window, select "Browse" then choose "External Storage" 4. Scroll and search for the folder you stored your files in and click "OK" You're done. If you want to add more files, just repeat steps one to four. All that's left now is for you to thoroughly enjoy your Nvidia Shield Android TV. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.
News Article | December 20, 2016
BERNAY, France--(BUSINESS WIRE)--Lors de la cérémonie de remise des Awards de Connect + Event qui s'est tenue le jeudi 8 Décembre 2016 à Villepinte dans le cadre du salon Smart Industries, la société Biolog-id a été gratifiée de l’award « Meilleure solution Objets connectés industriels » pour sa solution complète de traçabilité des poches de sang. Biolog-id a développé une solution totalement intégrée, du donneur au patient, qui garantit l’identification, la traçabilité et une gestion optimisée des poches de sang, dans un univers en permanence connecté avec les logiciels médico-techniques des Etablissements de transfusion et/ou de soins. Ces poches connectées garantissent la sécurité de l’acte transfusionnel en assurant la délivrance de la bonne poche de sang au bon patient. Les poches sont identifiées et tracées grâce à un tag RFID ; des enceintes réfrigérées intelligentes permettent le stockage dans des conditions optimales ainsi que la connaissance des stocks et des mouvements en temps réel. L’ensemble est piloté par une solution informatique dédiée qui s’interface avec la majorité des systèmes d’exploitation existants. Connect+ Event est le salon dédié aux Objet Connectés Professionnels et partie prenante de l’événement fédérateur « Convergence pour l’Industrie du Futur » qui rassemble MIDEST, Smart Industries et le Forum Convergence. Ce salon, voulu et inauguré par le Président de la République François Hollande, s’inscrit dans une dimension internationale. À propos de Biolog-id Biolog-id est une société française qui conçoit, développe et commercialise des solutions de gestion et de traçabilité pour les produits de santé, notamment les produits sanguins labiles (concentré de globules rouges, plaquettes, plasma thérapeutique), le plasma pour fractionnement destiné à la fabrication de médicaments dérivés du sang et les préparations injectables de chimiothérapies. En 2015, le groupe LFB, la société Biolog-id et l'Etablissement Français du Sang (EFS) ont annoncé la mise en place du système de traçabilité par RFID développé par Biolog-id sur l'ensemble des poches de plasma. L'expertise approfondie de la société en matière de traçabilité par RFID lui permet d’être positionnée comme la référence mondiale pour la traçabilité des produits de santé sensibles. http://www.biolog-id.com Biolog-id est soutenue par Xerys Gestion, société de gestion de portefeuille spécialisée dans le capital-investissement et agréée par l’Autorité des Marchés Financiers.
News Article | February 15, 2017
World-renowned luxury club concierge company MyRSVP announced today that it will be bringing its finely-tuned expertise to Toronto in the first quarter of 2017, offering a better way to experience the city's unforgettable nightlife scene. By focusing exclusively on the best nightclubs and pool parties, MyRSVP has become the go-to concierge service for celebrities, athletes and everybody looking to be treated like a VIP. Now the Las Vegas-based company will be extending their services to Toronto, giving clients the power to avoid long lines and reserve the best tables at all of the most popular clubs. Either through the website or toll-free phone number, the service is designed to put the club-goer in control like never before. MyRSVP is led by lifestyle management professionals who will help clients get the most out of the clubbing experience. In Toronto, MyRSVP has identified the top club host or club manager to handle all inquiries and reservations. "Our goal in each city is simply connecting the right people. It's always been a poor experience trying to find the right place to go and the right person to talk to... wherever I travel" Says owner Adam Sadie. "We're continuing to create a network of the top nightlife persona in their respected cities, and open that network to the public. Traditionally people spend more money on going out than they do at dinner or even their travel accommodations. It shouldn't be this difficult to book reservations at nightclubs and pool parties around the world, and we're aiming to remedy that." This is a move designed to help draw attention to Toronto's wild and diverse nightclub scene, which includes the vintage style of Cube Nightclub and the Hamptons-inspired fun of EFS. Muzik Pool Bar takes the party outdoors, offering three unique pools and North America's largest patio. There's also Uniun Nightclub, which pays homage to the city's colorful past, as well as Switch Nightclub, a popular hotspot that mixes the best elements of a dance club, lounge and gentlemen's rec room. In addition to the nightclubs and pool parties, MyRSVP have narrowed down the top restaurants and dining locations in Toronto. From the top cuts of beef at Michael's on Simcoe, to east coast seafood at Volos, MyRSVP recommends the best of the best in eight different categories of cuisines. Coming only a few months after expanding into Vancouver, British Columbia, today's announcement marks the concierge company's second move into Canada. MyRSVP is currently available in Las Vegas, Los Angeles, London, New York City, Miami, Seattle, San Diego, San Francisco, Scottsdale and Chicago, with additional city announcements expected in early 2017.
News Article | November 14, 2016
NEW YORK, Nov. 14, 2016 (GLOBE NEWSWIRE) -- OHA Investment Corporation (NASDAQ:OHAI) (the “Company”) today announced its financial results for the quarter ended September 30, 2016. Management will discuss the Company's results summarized below on a conference call on Monday, November 14, 2016, at 2:00 p.m. Eastern Time. Summary results for the quarter ended September 30, 2016: Total investment income: $4.3 million, or $0.21 per share Net investment income: $1.7 million, or $0.08 per share Net realized and unrealized losses: $4.3 million, or $0.21 per share Net asset value: $93.0 million, or $4.61 per share Investment realizations: $14.1 million Fair value of portfolio investments: $131.1 million Portfolio Activity The fair value of our investment portfolio was $131.1 million at September 30, 2016, decreasing 11.5% compared to June 30, 2016. During the third quarter of 2016, the Company had realizations totaling $14.1 million and made no new investments. The concentration of our investment portfolio in the energy sector at September 30, 2016 was 40%. The current weighted average yield of our portfolio based on the cost and fair value of our yielding investments was 7.5% and 11.7%, respectively, as of September 30, 2016. In July 2016, WP Mustang (Electronic Funds Services, LLC), or EFS, repaid its second lien term loan in the amount of $10.0 million plus a 1% prepayment fee. We recorded previously unamortized discount of $0.1 million as additional interest income as a result of this repayment. This investment was initiated in December 2014 and generated a Gross IRR of 11.0% and a return on investment of 1.17x. In August 2016, Appriss Holdings, Inc., or Appriss, repaid part of its second lien term loan in the amount of $3.8 million. We recorded previously unamortized discount of $0.05 million as additional interest income as a result of this repayment. Operating Results Investment income totaled $4.3 million for the third quarter of 2016, decreasing 15.1% compared to $5.1 million in the corresponding quarter of 2015. The decrease was primarily attributable to a decrease in average portfolio investment balance on a cost basis and a decrease in the weighted average yield on our investment portfolio from September 30, 2015 to September 30, 2016. Operating expenses for the third quarter of 2016 were $2.6 million, a decrease of $0.4 million, or 12.5%, compared to operating expenses for the third quarter of 2015. The decrease in operating expenses is related to lower interest expense and bank fees and other general and administrative expenses, partially offset by an increase in management and incentive fees and professional fees. The resulting net investment income was $1.7 million or $0.08 per share, for the third quarter of 2016, compared to $2.1 million, or $0.10 per share, for the third quarter of 2015. We recorded net realized and unrealized losses on investments totaling $4.3 million, or $0.21 per share, during the third quarter of 2016, compared to $8.7 million, or $0.43 per share, during the third quarter of 2015. Total losses recorded in the third quarter of 2016 totaled $8.5 million, which was driven by our legacy energy portfolio investments. Overall, we experienced a net decrease in net assets resulting from operations of $2.6 million, or $0.13 per share, for the third quarter of 2016. After declaring a quarterly dividend during the period of $0.06 per share, our net asset value decreased 4%, from $4.80 per share as of June 30, 2016 to $4.61 per share as of September 30, 2016. Liquidity and Capital Resources At September 30, 2016, we had cash and cash equivalents totaling $2.9 million. The amount outstanding under our credit facility at September 30, 2016 was $40.5 million. On September 9, 2016, we entered into a new secured term loan credit facility (the "Credit Facility") with MidCap Financial, which replaced our existing Third Amended and Restated Revolving Credit Agreement (the "Investment Facility"), dated May 23, 2013, as amended. As of September 9, 2016, the size of the Credit Facility was $56.5 million with a maturity date of March 9, 2018, which can be extended for a six-month period at our option. Initial proceeds of $40.5 million from the Credit Facility were used to pay off the $38.5 million outstanding balance on our previous Investment Facility, pay transaction expenses and provide balance sheet cash. The remaining $16.0 million consists of a delayed draw term loan, which is committed for one year, and is available to us to grow our investment portfolio and operate our business. Additional Disclosure Investments are considered to be fully realized when the original investment at the security level has been fully exited. Internal rate of return, or IRR, is a measure of our discounted cash flows (inflows and outflows). Specifically, IRR is the discount rate at which the net present value of all cash flows is equal to zero. That is, IRR is the discount rate at which the present value of total capital invested in our investments is equal to the present value of all realized returns from the investments. Our IRR calculations are unaudited. Capital invested, with respect to an investment, represents the aggregate cost of the investment, net of any upfront fees paid at closing. Realized returns, with respect to an investment, represents the total cash received with respect to an investment, including all amortization payments, interest, dividends, prepayment fees, administrative fees, amendment fees, accrued interest, and other fees and proceeds. Gross IRR, with respect to an investment, is calculated based on the dates that we invested capital and dates we received distributions. Gross IRR reflects historical results relating to our past performance and is not necessarily indicative of our future results. In addition, gross IRR does not reflect the effect of management fees, expenses, incentive fees or taxes borne, or to be borne, by us or our stockholders, and would be lower if it did. Webcast / Conference Call at 2:00 p.m. Eastern Time on November 14, 2016 We invite all interested persons to participate in our conference call on Monday, November 14, 2016, at 2:00 p.m. Eastern Time. The dial-in number for the call is (877) 303-7617. International callers can access the conference by dialing (760) 666-3609. Callers are encouraged to dial in at least 5-10 minutes prior to the call. The presentation materials for the call will be accessible on the Investor Relations page of the Company’s website at www.ohainvestmentcorporation.com. About OHA Investment Corporation OHA Investment Corporation (NASDAQ:OHAI) is a specialty finance company designed to provide its investors with current income and capital appreciation. OHAI focuses primarily on providing creative direct lending solutions to middle market private companies across industry sectors. OHAI is externally managed by Oak Hill Advisors, L.P., a leading independent investment firm (www.oakhilladvisors.com). Oak Hill Advisors has deep experience in direct lending, having invested approximately $3.7 billion in over 120 direct lending investments over the past 13 years. Forward-Looking Statements This press release may contain forward-looking statements. We may use words such as "anticipates," "believes," "intends," "plans," "expects," "projects," "estimates," "will," "should," "may" and similar expressions to identify forward-looking statements. These forward-looking statements are subject to various risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with the timing or likelihood of transaction closings, changes in interest rates, availability of transactions, the future operating results of our portfolio companies, regulatory factors, changes in regional or national economic conditions and their impact on the industries in which we invest, other changes in the conditions of the industries in which we invest and other factors enumerated in our filings with the Securities and Exchange Commission (the "SEC"). You should not place undue reliance on such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update our forward-looking statements made herein, unless required by law.
News Article | December 7, 2016
Research and Markets has announced the addition of the "UAE Facility Management Market By Type (Property, Cleaning, Security, Catering, Support), By End-Users (Industrial, Commercial, Residential) Forecast & Opportunities, 2021" report to their offering. The facility management market in the UAE is anticipated to grow at a CAGR of over 9% during 2016-2021. Property services dominated the country's FM market in 2015, and the segment is anticipated to maintain its dominance over the next five years. However, in terms of growth, the market of security services in the UAE is expected to register fastest CAGR growth over the next five years. Facility Management (FM) is a profession that encompasses multiple disciplines to ensure functionality of the built environment by integrating people, place, process and technology. Facility management services are essential for the effective operations of any company, as they ensure smooth functioning of any organization and assist the company in focusing over its core business competency. In order to reduce the dependency on crude oil based exports, the UAE aims to diversify its economy and plans to invest in non-oil based sectors, such as construction and real estate. With improving commercial sector and increasing number of residential projects in the country, the UAE facility management market is expected to grow at a healthy pace during next five years. In addition, emergence of Cloud-based solutions is further expected to aid the growth of the country's facility management market over the span of next five years. Dubai is the largest demand generating region for facility management services in the UAE on account of tourism sector. Few of the leading players operating in UAE facility management market includes Emrill Services LLC., Imdaad, Farnek Service LLC, EFS Facility Management Services and Khidmah L.L.C, among others. For more information about this report visit http://www.researchandmarkets.com/research/b4pg3d/uae_facility Research and Markets Laura Wood, Senior Manager email@example.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
News Article | February 24, 2017
Facility Management (FM) is a profession that encompasses multiple disciplines to ensure functionality of the built environment by integrating people, place, process and technology. Facility management services are essential for the effective operations of any company, as they ensure smooth functioning of any organization and assist the company in focusing over its core business competency. In order to reduce the dependency on crude oil based exports, the UAE aims to diversify its economy and plans to invest in non-oil based sectors, such as construction and real estate. With improving commercial sector and increasing number of residential projects in the country, the UAE facility management market is expected to grow at a healthy pace during next five years. In addition, emergence of Cloud-based solutions is further expected to aid the growth of the country's facility management market over the span of next five years. According to "UAE Facility Management Market By Service, By Application, Competition Forecast & Opportunities, 2011 - 2021", the facility management market in the UAE is anticipated to grow at a CAGR of over 9% during 2016 - 2021. Property services dominated the country's FM market in 2015, and the segment is anticipated to maintain its dominance over the next five years. However, in terms of growth, the market of security services in the UAE is expected to register fastest CAGR growth over the next five years. Dubai is the largest demand generating region for facility management services in the UAE on account of tourism sector. Few of the leading players operating in UAE facility management market includes Emrill Services LLC., Imdaad, Farnek Service LLC, EFS Facility Management Services and Khidmah L.L.C, among others. "UAE Facility Management Market By Service, By Application, Competition Forecast & Opportunities, 2011 - 2021" discusses the following aspects of UAE facility management market: Why You Should Buy This Report? The information contained in this report is based upon both primary and secondary research. Primary research included interaction with facility management services providers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases. TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends. Connect with us on Twitter - https://twitter.com/TechSciResearch Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research