News Article | February 15, 2017
ARLINGTON, Va.--(BUSINESS WIRE)--Federal Student Aid (FSA), a principal office within the U.S. Department of Education, plays a central role in postsecondary education as the largest provider of student financial aid in the nation. FSA ensures that all eligible individuals may benefit from federally funded or federally guaranteed financial assistance for education beyond high school. FSA currently manages over $150 billion per year in grants, loans, and work-study funds. Through this five year, single award IDIQ contract, Fila Group will provide FSA with a broad range of critical services including strategic planning, investment management, capital planning and investment control, enterprise architecture, data management, security architecture, and enterprise governance, among others. “We are thrilled to provide FSA with an integrated suite of strategic services that will not only support more informed decision-making, but will also support the wiser spending of taxpayer dollars over the next five years,” remarked Jonathan Keough, President of Fila Group. Founded in 2004, Fila Group provides expert advice and services in the areas of IT strategy & transformation, enterprise architecture planning & execution, capital planning and investment control, business process reengineering, and more. Fila Group customers include: Department of Education, Equal Employment Opportunity Commission, Department of the Interior, Department of Labor, US Forest Service, Federal Student Aid, General Services Administration, Department of Transportation, State of Minnesota, State of Virginia, State of Washington. Fila Group is headquartered in Arlington, Virginia. For more information, please visit www.filagroup.com.
News Article | November 18, 2016
RENTON, Wash., Nov. 18, 2016 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (“Company”) (NASDAQ:FFNW), the holding company for First Financial Northwest Bank (“Bank”), announced today that Mr. Richard M. Riccobono has been appointed to the Boards of Directors of the Company and the Bank. In addition, Mr. Riccobono has also been appointed to the Board of Directors of the Company’s non-financial institution subsidiary, First Financial Diversified Corporation (“FFD”). The Company’s Nominating and Corporate Governance Committee proposed, and the Board of Directors ratified and approved, the appointment of Mr. Riccobono to the Board of Directors. The appointment of Mr. Riccobono to the Company’s Board of Directors is effective November 17, 2016. “We are pleased to welcome Mr. Riccobono to our Boards of Directors,” said Joseph W. Kiley III, President and Chief Executive Officer. “His expansive banking and regulatory background combined with his legal and accounting experience will be a great asset to the Company, the Bank, and FFD.” Mr. Riccobono has over 31 years of experience in the financial services industry and will bring a solid understanding of banking, regulatory, legislative, accounting, and legal expertise to the Board to support his contributions as a director. Formerly President and Chief Executive Officer of the Federal Home Loan Bank of Seattle and the Deputy Director of the Office of Thrift Supervision, U.S. Department of the Treasury, he most recently served as the Director of Banks for the Washington State Department of Financial Institutions. As the Director of Banks, Mr. Riccobono served under the current and former Governor of the State of Washington taking responsibility for the regulation of all Washington state-chartered banks and trust companies at the height of the financial crisis. Mr. Riccobono began his career in public accounting with Touche, Ross and Company (now Deloitte Touche Tohmatsu Limited). He currently serves as a director of the Pacific Coast Banking School and previously served on the boards of the Pentegra Defined Benefit Plan for Financial Institutions, White Plains, New York, and the Albers School of Business and Economics at Seattle University, Seattle, Washington. Mr. Riccobono holds a Juris Doctorate degree from the Western New England School of Law in Springfield, Massachusetts, and a Bachelor’s of Science degree from the State University of New York at Albany. He is a member of the Georgia Bar Association, Texas Bar Association and is a Certified Public Accountant. About the Company and the Bank First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; a Washington State chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through its four full-service banking offices. We are a part of the ABA NASDAQ Community Bank Index and the Russell 3000 Index. For additional information about us, please visit our website at ffnwb.com and click on the “Investor Relations” link at the bottom of the page. This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Such forward-looking statements speak only as of the date of this release. The Company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company’s expectations of results or any change in events.
News Article | December 6, 2016
ABERDEEN, Wash., Dec. 06, 2016 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQB:PFLC), the holding company for Bank of the Pacific today announced that Bruce MacNaughton will be retiring as chief credit officer, effective April 1, 2017. Management will begin a thorough internal and external search for an experienced banker to fill the position. “Bruce has served as our chief credit officer for almost 15 years, and we have benefited greatly from his knowledge and advice,” said Denise Portmann, President and Chief Executive Officer. “We wish him all the very best in his well-deserved retirement. Bruce was instrumental in successfully managing the credit process at the bank, especially through the financial downturn. We will miss his perspective and steadfast leadership.” After beginning his banking career in 1973, he worked at Rainier Bank and subsequently at U.S. Bank, finishing as their Senior Lending Officer in Central/Eastern Oregon. Bruce joined Bank of the Pacific in January 2002 as Executive Vice President and Chief Credit Officer. He was instrumental in growing the bank’s loan portfolio from $200 million to $660 million, at September 30, 2016. In addition to Bruce’s exceptional banking expertise, he also enjoyed mentoring his younger colleagues and helping them advance in their careers. In 2013, Bruce’s leadership role expanded to include the position of Chief Risk Officer. After growing up in Portland, OR and graduating from US Grant High School, Bruce studied Business Administration and Management at Oregon State University for two years. Bruce served on the executive board of Greater Grays Harbor. He is also a past board member of the YMCA of Grays Harbor. “It has been a tremendous opportunity to be associated with such a great community banking organization as Bank of the Pacific. I have been fortunate to work with a very talented and collaborative team and will miss them dearly. Banking is truly a people business, and it has been a real joy to help many businesses and individuals meet their goals and aspirations,” said MacNaughton. “I am looking forward to spending more time with our two sons and their families as well as our daughter.” Bruce and his wife, Judy, reside in Aberdeen, Washington. Pacific Financial Corp recently announced that net income increased 13% to $2.0 million, or $0.19 per share, for the third quarter of 2016, compared to $1.8 million, or $0.17 per share, for the second quarter of 2016, and grew 24% from $1.6 million, or $0.15 per share, from the third quarter of 2015. For the first nine months ended September 30, 2016, net income was $5.1 million, or $0.49 per share, compared to $4.3 million, or $0.41 per share, for the first nine months ended September 30, 2015. Driving profitability in 2016 was continued loan growth, stable net interest margin and increased noninterest income. Pacific Financial Corporation of Aberdeen, Washington, is the bank holding company for Bank of the Pacific, a state chartered and federally insured commercial bank. Bank of the Pacific offers banking products and services to small-to-medium sized businesses and professionals in western Washington and Oregon. As of September 30, 2016, the Company had total assets of $897 million and operated fifteen branches in the communities of Grays Harbor, Pacific, Whatcom, Skagit, Clark and Wahkiakum counties in the State of Washington, and three branches in Clatsop County, Oregon. The Company also operated loan production offices in the communities of DuPont and Burlington in Washington and Salem, Oregon. Visit the Company’s website at www.bankofthepacific.com. Member FDIC.
News Article | February 15, 2017
New SaaS Offering Delivers Intelligent Performance and Security Alerting to Cut Through the Noise and Keep IT Focused on Improving the Digital Experience SEATTLE, WA--(Marketwired - Feb 14, 2017) - ExtraHop, the leader in real-time IT analytics, today announced ExtraHop Addy, the industry's first cloud service that applies machine learning to the richest source of IT data -- wire data -- to provide real-time situational insight for IT teams. ExtraHop Addy is always-on, serving as the eyes and ears for IT and helping them take a proactive, data-driven approach to supporting and securing the digital experience. Organizations overwhelmingly want to be data-driven, but the quality of the data and the ability to access it at the pace of business is a significant barrier. Data is vast and growing and increasingly distributed across on-premises, cloud, and remote sites. With Addy, ExtraHop is tearing down these barriers, delivering real-time, objective insight that makes data-driven operations a reality. ExtraHop Addy is the industry's first SaaS offering that observes and analyzes all digital interactions and applies machine learning to detect anomalies in real time. Using wire data from the ExtraHop platform, Addy builds continuous baselines for every device, network, and application, and then proactively detects and surfaces potential issues in the environment. The core algorithm and heuristics also incorporate feedback from in-house and crowd-sourced domain expertise to reduce the number of false positives and keep IT teams focused on the most critical issues. This means smarter, more proactive and data-driven operations that enable users to deliver everything from increased website uptime to more efficient assembly lines to better patient care. With ExtraHop Addy, early access customers have increased uptime, improved performance, thwarted potential breaches, and improved collaboration across teams. ExtraHop Addy provides real-time visibility across the entire spectrum of IT operations, from the datacenter to the cloud to the edge, federating that data within the ExtraHop user interface (UI) to provide a unified view of the environment. Alerts are surfaced and visualized within the platform in real time, allowing IT to see what's happening "right now" as well as graphically represent anomalies and outages over time. "ExtraHop has pioneered data-driven operations with its platform for wire data analytics. Based on an innovative stream processing engine, ExtraHop provides a real-time view across the entire IT environment," said Jesse Rothstein, Co-Founder and CTO of ExtraHop. "With Addy, we're taking the next step, applying machine learning techniques to this vast data set while leveraging the scale, elasticity, and compute power of the cloud." ExtraHop Addy will be generally available starting in April 2017, as well as through an Early Access Program for select participants. Pricing for the service starts at $2,990 per month. To experience the power of the ExtraHop platform, explore the ExtraHop interactive online demo. Is machine learning hope or hype for IT? Find out what IT professionals think in our TechValidate market survey report. What Customers Are Saying "ExtraHop Addy brings our environment into focus," said David Johnson, Enterprise Systems Support Specialist with the State of Washington. "With this service, we're alerted to issues we didn't know we had, and it makes us much more proactive in resolving them before the effects are widespread. We now have the data we need to be smarter about how we operate." "Addy builds on the expansive visibility already delivered by ExtraHop," said a corporate IT infrastructure manager with a large e-commerce company. "Now, we not only have the data we need to take decisive action that keeps our services up and running, we also have proactive alerts that keep us ahead of potential issues. The fact that Addy learns from our input and the environment means that the alerting keeps getting better. It truly allows us to cut through the noise to focus on what's critical." What Analysts Are Saying "ESG research shows security and analytics as the top two priorities for technology buyers in 2017," said Nik Rouda, Senior Analyst with ESG. "Leveraging the scale of resources of the cloud, machine learning is poised to become the next great change-agent for IT operations in these areas. ExtraHop's approach, coupled with the size and richness of their data set, puts them at the forefront of this next evolution." "To be truly effective, machine learning must take a realistic approach that combines analytics and automation with the ability to assimilate human expertise fluidly and in context -- optimizing to unique IT and business environments," said Dennis Drogseth, Vice President at Enterprise Management Associates. "ExtraHop is delivering on this promise now, leveraging their powerful data set, real-time analytics, and the scale and compute resources of the cloud to deliver intelligent insight for IT." According to Gartner, "One of the consequences of these new digitalized business architectures is that it is virtually impossible to assess the global state of IT from a small number of strategically chosen locations. Instead, gather data from many points across the infrastructure and application stack. The quality of observation will grow exponentially with the number of points from which that observations are taken."1 In the same report, analysts Will Cappelli and Robert Naegle continue: "I&O leaders should lead their teams to shift to new approaches toward monitoring and IT operational management that uses big data and machine-learning-based analytics technologies."2 About ExtraHop ExtraHop makes data-driven IT a reality. By applying real-time analytics and cloud-based machine learning to all digital interactions, ExtraHop delivers instant and unbiased insights. IT leaders turn to ExtraHop first to help them make faster, better-informed decisions that improve performance, security, and digital experience. Just ask the hundreds of global ExtraHop customers, including Sony, Lockheed Martin, Microsoft, Adobe, and Google. To experience the power of ExtraHop, explore our interactive online demo. Connect with us on Twitter, LinkedIn, and Facebook. 1 Gartner, How to Control IT Operations Management Costs in an Era of Business Digitalization, Will Cappelli and Robert Naegle, March 28, 2016. 2 Gartner, How to Control IT Operations Management Costs in an Era of Business Digitalization, Will Cappelli and Robert Naegle, March 28, 2016.
News Article | February 15, 2017
MORE than 100 technology firms have signed a legal brief opposing President Trump’s immigration ban, arguing that it will harm the US economy. Apple, Facebook, Google, Microsoft and Twitter are among the 127 signatories on the letter, which has been filed to a US appeals court in support of a lawsuit brought by the State of Washington. The lawsuit challenges Trump’s executive order blocking nationals from seven Muslim-majority countries from entering the US. Last Friday, a federal judge put the order temporarily on hold. The tech firms argue that the executive order violates the US constitution and “is inflicting substantial harm on US companies”. They say that the ban will prevent them from hiring the best talent and that “American workers and the economy will suffer as a result”. Uber has also signed the brief. The taxi firm faced a mass boycott after it was accused of profiting from a taxi driver strike at New York’s JFK airport in protest at the ban. CEO Travis Kalanick stepped down from Trump’s business council following the uproar. SpaceX and Tesla, owned by Elon Musk, were not originally signatories, but signed the brief after it was released. Musk has been criticised for continuing to advise Trump, but has argued that “engaging on critical issues will on balance serve the greater good”. This article appeared in print under the headline “Tech turns on Trump”
News Article | February 24, 2017
J. Randall Gladden will make his latest workbook available in late March, titled “Developing Your Family Legacy.” Randy is a financial advisor, public speaker and author who challenges audiences across the world to live to their fullest potential; the one God intended for them. After many requests for more tips and techniques from fans and event attendees, Randy is putting the finishing touches on this daily living workbook. “As I travel to different cities across the country and around the world to speak at events, I’m constantly asked for ways to take the principles we discuss home, and apply them to our daily lives,” said J. Randall Gladden. “These workbooks are a great way to do that. They help remind each of us how to live the life God intended.” In this latest workbook Randy shares tips and techniques that will help readers do more than leave assets to their offspring, instead developing a true legacy. Randy guides readers to build a legacy that allows him or her to ensure important values are imparted to the next generations. Randy offers techniques to help train future generations on how to work together and continue to impact the world around us, while flourishing financially. In addition to the workbook release Randy will be traveling quite a bit in the coming months, including to Parkland Chapel in Farmington, MO; a meeting of ministry leaders in Branson, MO; and The Church of God in Christ Conference in Fairbanks, AK. To connect with Randy or have him speak at your church or organization please visit http://www.lordgladden.com. ABOUT J. RANDALL GLADDEN J. Randall Gladden (Randy) engages, enlightens and challenges audiences across the world to live to their fullest potential by reminding them God created them for a purpose. Randy’s decades of experience as a wealth adviser have led him to an asset strategy blending moral values with economic realities; he calls this Legacy Wealth. He lives daily to fulfill his God-given mandate to “encourage, equip and empower those in the Church to transform their world.” As an investment advisor and financial innovator, many consider Randy an industry expert. Randy also serves as a university guest lecturer, syndicated media commentator and strategic advisor to businesses and ministries internationally. Additionally, he owns several businesses; one recently was named the small business of the year in the State of Washington. Randy has been married to his wife Elsie for 13 years and together they have two sons, Jack and Alex. When Randy is not traveling to work with clients abroad, the family resides in Southern California. Separate from Randy’s speaking engagement is Lord & Gladden Wealth Advisors, founded in 1995 to help Christians flourish financially. The investment advisor firm was created Lord & Gladden with the goal of providing Leadership in Christian Wealth across the United States & around the world by being financial innovators. The firm website is http://www.lordandgladden.com.
News Article | November 4, 2016
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2016) - Cameo Resources Inc. (TSX VENTURE:CRU)(OTC PINK:SIDNF) (the "Company") is pleased to announce that the board of directors and the management team have been exploring multiple acquisition opportunities in the medical marijuana and CBD oil industry. The company has been reviewing legislation in those US States which have approved the growing and sale of marijuana. In November 2012, the Washington State Liquor and Cannabis Board ("WSLCB") passed Initiative 502 ("I-502") pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 - $1.5 Billion USD in annual sales. Akash Patel, President of Cameo, remarks that, "Our management team looks to broaden the scope of Cameo beyond its ongoing commitment to mineral exploration with this new objective. The company looks to source, develop, distribute and sell products through retail outlets where permitted in US States and Canada. We believe we have identified several such opportunities and are continuing our due diligence to choose the ones best suited for Cameo." ON BEHALF OF THE BOARD Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
News Article | March 3, 2017
To meet the 24-credit graduation requirement mandated by Washington State’s Office of Superintendent of Public Instruction (OSPI) for High School graduation, Red Comet has added several new courses to its core curriculum. Many of these new courses are career-oriented and are designed to help students succeed in the workplace. These new courses help students explore various career paths so that they may make the right choices when it comes to college education. “Red Comet’s goal is to help students in Washington State meet all credit requirements so that they are college-ready”, said Ms. Ganeshan who is the President of Red Comet. Red Comet is a Fully Accredited (AdvancED) organization that has been offering online courses for credit since 1999. Students have over 175 courses to choose from. Many of these courses are also approved by the NCAA organization. In the State of Washington, the Office of Superintendent of Public Instruction (OSPI) has approved the Red Comet program as a “Multi-District Online Provider,” “Online Course Provider,” and “Online School Program”. In a statewide survey, Red Comet received high ratings for student satisfaction. Students use the Red Comet online program for original credit, credit retrieval, and credit recovery.
News Article | February 28, 2017
Red Comet has fully aligned its curriculum to Common Core standards. Red Comet incorporated several changes in its curriculum to meet the requirements of the Common Core standards. In addition, all of the core science curriculum was updated to fully meet the requirements of the Next Generation Science standards. “After several months of effort by our teams, we are proud to announce that our curriculum is fully aligned to Common Core standards”, said Ms. Ganeshan who is the President of Red Comet. Red Comet (http://www.redcomet.org) is a Fully Accredited (AdvancED) organization that has been offering online courses for credit since 1999. Students have over 175 courses to choose from. Many of these courses are also approved by the NCAA organization. In the State of Washington, the Office of Superintendent of Public Instruction (OSPI) has approved the Red Comet program as a “Multi-District Online Provider,” “Online Course Provider,” and “Online School Program”. In a statewide survey, Red Comet received high ratings for student satisfaction. Students use the Red Comet online program for original credit, credit retrieval, and credit recovery.
News Article | February 15, 2017
BONSALL, CA--(Marketwired - Feb 15, 2017) - MARIJUANA COMPANY OF AMERICA ("MCOA" or the "Company") ( : MCOA), an innovative cannabis and hemp marketing and distribution Company, is pleased to announce that it has entered into a non-binding Letter of Intent ("LOI") while performing due diligence to finalize a joint venture agreement with Bougainville Ventures, Inc. ("BV") for the purpose of housing tenant growers engaging in the cultivation, processing and commercial availability of legal marijuana in the State of Washington. Subject to the execution of a final definitive agreement, the terms of the LOI are that MCOA will invest up to $1 million in cash in a newly formed entity and receive 50% equity ownership and 50% share in net profits produced by the joint venture. Bougainville Ventures, Inc. will contribute its expertise in establishing facilities related to the production, processing and management for tenant growers utilizing an I-502 Tier 3 license, with leased property, established partnerships, licensing agreements and marketing relationships. Donald Steinberg, MCOA President and CEO said, "We are looking forward to getting seed in the ground and ramping up this partnership with Andy Jagpal and Bougainville Ventures. This partnership further strengthens our supply chain and enables MCOA to produce the highest quality products at the lowest possible prices." "We couldn't be happier than to have aligned ourselves with the outstanding team at MCOA," said Jagpal, President of Bougainville Ventures, Inc. "With the management expertise that the highly skilled professionals at MCOA bring, we have insured the certainty of expanding our Washington State Greenhouse Campuses while achieving our revenue and profitability goals." This joint venture project is solely for the purpose of cultivation, processing and commercial availability of legal marijuana within the State of Washington only and not beyond its borders. "As each new partnership is formed, synergistic benefits will develop organically," said Steinberg. "Our human, agricultural and technical resources will expand with the end result being the ability to cultivate superior products for the cannabis consumer in each state in accordance with their respective laws." With more than half of the United States now allowing for some form of legal medicinal or recreational cannabis use, there is an urgent need to establish cutting edge cultivation facilities and programs to service the continually growing demand for cannabis and CBD products. "Knowing how to manage the many individual cannabis markets effectively and simultaneously will be the key to success for MCOA's national rollout," said Steinberg. "By integrating and aggressively harnessing the collective resources of our companies, we are confident that we will be making a significant impact on sales and distribution in Washington State." ABOUT BOUGAINILLE VENTURES, INC. Bougainville Venture Inc. is in the core business of converting irrigated farmland that was traditionally used to grow marginally profitable feed crops, to greenhouse-equipped farmland used to grow luxury crops with a primary focus on marijuana. Bougainville is an agricultural services company that focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities. Bougainville offers fully built out turnkey solutions to licensed I-502 tenant-growers and luxury crop growers who will lease the facilities for production and processing. Bougainville does not "touch the plant" and only provides growing infrastructure as a landlord for licensed marijuana growers in the state of Washington. Bougainville has a strong management team with relevant experience and education in place with a focus on build-out and occupancy of its planned greenhouses in Oroville, WA. Strategic plans to expand its land bank, greenhouse campus and I-502 tenant-grower clients are scheduled for expanding operations. SAFE HARBOR STATEMENT This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. For more information, please visit the Company's websites at: