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RENTON, Wash., April 27, 2017 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ:FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today reported net income for the quarter ended March 31, 2017, of $2.3 million, or $0.22 per diluted share, compared to net income of $3.0 million or $0.29 per diluted share for the quarter ended December 31, 2016, and $1.8 million, or $0.14 per diluted share, for the quarter ended March 31, 2016. The Company recorded a $200,000 provision for loan losses in the quarter ended March 31, 2017, compared to a $100,000 recapture of provision for loan losses in each of the quarters ended December 31, 2016, and March 31, 2016. The provision for loan losses in the most recent quarter was primarily due to growth in net loans receivable. The recaptures in 2016 were due to the continued improvement in the credit quality of the Company’s loan portfolio and recoveries of amounts previously charged off, along with changes in outstanding net loans receivable between periods. Net loans receivable increased to $838.8 million at March 31, 2017, from $815.0 million at December 31, 2016, and $717.5 million at March 31, 2016. Average balances of net loans receivable were $825.3 million for the quarter ended March 31, 2017, compared to $845.3 million for the quarter ended December 31, 2016, and $687.1 million for the quarter ended March 31, 2016. “While we are pleased with the internally generated loan growth for the current quarter, the average balance of loans outstanding declined from the previous quarter due to loan payoffs received late in the quarter ended December 31, 2016, resulting in a decline in total interest income for the first quarter,” stated Joseph W. Kiley III, President and Chief Executive Officer. “We are pleased to see our aircraft lending platform gain traction during the first quarter of 2017, as loan originations and our loan pipeline are increasing. In addition, I am pleased to report on the continued success of our deposit gathering efforts, as deposits increased to $734.7 million at March 31, 2017, from $717.5 million at December 31, 2016, and $668.6 million at March 31, 2016,” continued Kiley. “Our branch office expansion efforts continue to contribute to this success. Our Mill Creek office opened on September 1, 2015, and it had deposits of $18.3 million at March 31, 2017. Our Edmonds office opened on March 21, 2016, and it had $17.0 million in deposits at March 31, 2017. An additional office in Renton opened on July 11, 2016, at The Landing, a rapidly growing area near the Boeing 737 plant and the soon to be completed Hyatt Regency at Southport at the south end of Lake Washington. At March 31, 2017, deposits in that office totaled $14.1 million. These new offices helped contribute to the growth in deposits of $17.2 million in the quarter ended March 31, 2017,” continued Kiley. “We continue to move forward prudently with expansion efforts based on our unique, state-of-the-art branch model implementing a smaller footprint, leveraging technology for efficient transaction flow, and incorporating the talent of our highly-skilled bankers,” stated Kiley. “We have received regulatory approval to open a new branch office in the Crossroads area of Bellevue, Washington, and another at The Junction, a new, mixed use development in Bothell, Washington. The branches will be leased spaces in retail centers and are expected to open in the second quarter and fourth quarter of 2017, respectively,” concluded Kiley. On April 10, 2017, the Company announced that it had entered into a definitive agreement to purchase four bank branches located in Snohomish and King counties. In connection with the transaction, the Bank will assume approximately $102 million in deposits associated with the branches, based on deposits as of December 31, 2016, for a deposit premium of 3.125%, based on the deposit balance at the time the transaction closes. As of December 31, 2016, the deposits being acquired consisted of approximately 32% checking accounts, 51% savings and money market accounts, and 17% in certificates of deposit, carrying an aggregate cost of funds of approximately 0.56%. The final deposit composition and aggregate cost of funds will vary based on the composition of deposits acquired at the closing of the transaction. Based on management’s evaluation of the adequacy of the Allowance for Loan and Lease Losses (“ALLL”), there was a $200,000 provision for loan losses for the quarter ended March 31, 2017. The following items contributed to this provision during the quarter: The ALLL represented 1.31% of total loans receivable, net of undisbursed funds, at March 31, 2017, compared to 1.32% at December 31, 2016, and 1.30% at March 31, 2016. Nonperforming assets totaled $2.9 million at March 31, 2017, compared to $3.2 million at December 31, 2016, and to $4.5 million at March 31, 2016. The 35.3% decline in the Company’s nonperforming assets from the prior year was due primarily to sales of properties and market value adjustments of Other Real Estate Owned (“OREO”). The following table presents a breakdown of our nonperforming assets: (1) The difference between nonperforming assets reported above, and the totals reported by other industry sources, is due to their inclusion of all Troubled Debt Restructured Loans (“TDRs”) as nonperforming loans, although 99.6% of our TDRs were performing in accordance with their restructured terms at March 31, 2017. The remaining $109,000, or 0.4%, of TDRs that were nonperforming at March 31, 2017, are reported above as nonperforming loans. The following table presents a breakdown of our OREO by county and property type at March 31, 2017: OREO totaled $2.3 million at March 31, 2017, and at December 31, 2016, compared to $3.4 million at March 31, 2016, with the declining balances compared to the year ago period attributable to sales of properties and market value adjustments of OREO. We continue to actively market our OREO properties in an effort to minimize holding costs. In circumstances where a customer is experiencing significant financial difficulties, the Company may elect to restructure the loan so the customer can continue to make payments while minimizing the potential loss to the Company. Such restructures must be classified as TDRs. The following table presents a breakdown of our TDRs: Net interest income for the first quarter of 2017 decreased to $8.9 million, compared to $9.3 million for the fourth quarter of 2016, but increased compared to $7.8 million in the first quarter of 2016, due primarily to the differences in average balances of loans receivable between the quarters. Total interest income was down slightly to $11.0 million during the quarter ended March 31, 2017, compared to $11.4 million during the quarter ended December 31, 2016, but up significantly from $9.6 million in the quarter ended March 31, 2016. The increase from the prior year first quarter related primarily to growth in average balances in loans receivable, including continued growth in higher yielding construction and commercial real estate loans. Total interest expense was $2.1 million for both the quarter ended March 31, 2017, and the quarter ended December 31, 2016, compared to $1.8 million for the quarter ended March 31, 2016. The higher level of interest expense in the most recent two quarters compared to the quarter ended March 31, 2016, was primarily the result of higher average deposit balances and Federal Home Loan Bank (“FHLB”) advances that were utilized primarily to fund the growth in net loans receivable. Advances from the FHLB remained constant at $171.5 million at both March 31, 2017, and December 31, 2016, but increased from $91.5 million at March 31, 2016. A portion of this borrowing growth included the addition of $50 million in short term FHLB advances, concurrent with an interest rate swap for the same amount entered into in October 2016. Under the terms of the interest rate swap, the Bank committed to pay a fixed rate of 1.34% for five years on a notional amount of $50 million, and in exchange will receive a floating rate of return paid quarterly, based on three-month LIBOR for the five-year term of the agreement. At March 31, 2017, the value of this interest rate swap was $1.4 million. The Bank entered into this arrangement in its efforts to manage its interest risk, providing protection in a rising rate environment. The average cost of FHLB borrowings was 1.05% for the quarter ended March 31, 2017, compared to 0.83% for the quarter ended December 31, 2016, and 0.98% for the quarter ended March 31, 2016. Brokered certificates of deposit totaled $75.5 million at both March 31, 2017, and December 31, 2016, and $65.6 million at March 31, 2016. The following table presents a breakdown of our total deposits (unaudited): Our net interest margin was 3.64% for the quarter ended March 31, 2017, compared with 3.65% for the quarter ended December 31, 2016, and 3.46% for the quarter ended March 31, 2016. The increased level in the most recent two quarters compared to the quarter ended March 31, 2016, was due primarily to an increase in average balances of loans receivable and the decline in average balances of lower yielding interest earning deposits. Noninterest income for the quarter ended March 31, 2017, totaled $535,000 compared to $790,000 in the quarter ended December 31, 2016, and $480,000 in the quarter ended March 31, 2016. The decrease from the quarter ended December 31, 2016, was due primarily to lower levels of pre-payment penalties and other loan related fees received in the current quarter. Noninterest expense for the quarter ended March 31, 2017, increased to $6.1 million from $5.9 million in the quarter ended December 31, 2016, and $5.8 million in the quarter ended March 31, 2016. The increase in noninterest expense in the current quarter compared to the prior quarter was due primarily to higher salaries and employee benefits as a result of normal annual wage increases and the hiring of new employees to support the Company’s growth initiatives. The increase in noninterest expense over the last year also reflects additional new full-time positions in support of our recently opened branches and new product lines. The efficiency ratio increased to 64.57% for the quarter ended March 31, 2017, compared to 57.96% for the quarter ended December 31, 2016, and improved compared to 69.88% for the quarter ended March 31, 2016. The change in the quarter ended March 31, 2017, compared to the quarter ended December 31, 2016, related to the increase in noninterest expenses and the decline in total income between periods, while the improvement compared to the quarter ended March 31, 2016, was due to the increase in total income in the current period, partially offset by higher noninterest expenses. 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. When used in this press release and in other documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public stockholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are not historical facts but instead represent management's current expectations and forecasts regarding future events many of which are inherently uncertain and outside of our control. Actual results may differ, possibly materially from those currently expected or projected in these forward-looking statements. Factors that could cause our actual results to differ materially from those described in the forward-looking statements, include, but are not limited to, the following: increased competitive pressures; changes in the interest rate environment; changes in general economic conditions and conditions within the securities markets; legislative and regulatory changes; and other factors described in the Company’s latest annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission – that are available on our website at www.ffnwb.com and on the SEC's website at www.sec.gov. Any of the forward-looking statements that we make in this Press Release and in the other public statements are based upon management's beliefs and assumptions at the time they are made and may turn out to be wrong because of the inaccurate assumptions we might make, because of the factors illustrated above or because of other factors that we cannot foresee. Therefore, these factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. These risks could cause our actual results for 2017 and beyond to differ materially from those expressed in any forward-looking statements made by, or on behalf of, us and could negatively affect our operating and stock performance. The following table presents a breakdown of our loan portfolio (unaudited): (1) Capital ratios are for First Financial Northwest Bank only. (2) Loans are reported net of undisbursed funds.


News Article | May 18, 2017
Site: www.prweb.com

After enjoying an immense amount of success at the inaugural event last August, Choose Branson is pleased to announce the return of the Choose Branson Lip Sync Clash to the Branson Landing Fountain on June 9, 2017 at 5 p.m. The second annual lip syncing spectacle will be hosted by the Nerd Informants, a duo consisting of Josh Grisham and Tim Church that brings the Ozarks news and information regarding popular culture, comics, movies, videogames, collectibles and more every day. The Choose Branson Lip Sync Clash will feature six groups of Branson entertainers and public figures battling to see who reigns supreme in the art of lip syncing to bizarre and hilarious music. As the only returning group from the 2016 event, the Titanic Museum will seek to retain the championship belt awarded to them a year ago when they performed renditions of various Beyoncé songs. “We are looking forward to welcoming back the exciting Choose Branson Lip Sync Clash to Branson Landing’s stage featuring our local Branson talent and community members as the Titanic Museum seeks to defend its championship title,” said Branson Landing Director of Marketing and Entertainment Tammy Scholten. Joining the Titanic on stage for the Choose Branson Lip Sync Clash will be representatives from Stormy Point Village and Branson Zipline, along with entertainers Prince Ivan, Branson’s Famous Baldknobbers and George Dyer. New to this year will be a pre-show performance from local favorites and event competitors Prince Ivan and Branson’s Famous Baldknobbers. Prince Ivan will be titling their acoustic performance “Prince Ivan: Unplugged” while the Baldknobbers will play some of the most popular songs from their hit show in town. The Lip Sync Clash will be primarily sponsored by Summer Winds Resort Services, LLC while the Branson Landing, Economy Screen Printing, Garfield’s Restaurant and Pub, Signs Now and Sir Speedy will also be sponsoring different aspects of the event. “We are so excited to be bringing the wonderful people of Branson the Choose Branson Lip Sync Clash for a second consecutive year,” Kerry Pearson, Choose Branson’s social media specialist and event coordinator for the Lip Sync Clash, said. “There is an incredible list of sponsors for the event, and an even better lineup of performers and contestants. We cannot wait to see what hilarious antics come from this year’s Lip Sync Clash.” Choose Branson is a leading travel resource company in the Branson area. Founded in 2005, Choose Branson has spent the last 10-plus years providing the highest quality of up to date information and unsurpassed deals on shows, attractions and vacation packages. The easy to navigate website offers information on everything from shows and attractions to hotels and lodging, as well as news, discounts, maps, free vacation guides and more. To find out additional information or to purchase tickets and vacation packages, visit ChooseBranson.com or call 1-800-4BRANSON. Branson Landing is a $435 million – 95 acre public/private project spanning 1.5 miles of waterfront on the beautiful Lake Taneycomo, adjacent to historic downtown Branson, managed by Bayer Properties. Branson Landing is home to over 100 shops and restaurants, as well as the Hilton Promenade Hotel and a $7.5 million water and fire spectacular, anchored by Bass Pro Shops and BELK. For additional information about the Choose Branson Lip Sync Clash, contact Kerry Pearson at (417) 243-8078, by email at kpearson(at)choosebranson(dot)com, or visit the event’s Facebook page.


News Article | June 1, 2017
Site: www.prnewswire.com

SLO CAL is now more accessible than ever with new nonstop flights to the San Luis Obispo County Regional Airport from Seattle, WA and Denver, CO. The Seattle flight is offered daily via Alaska Airlines and began service in April 2017. The Denver flight will be offered daily via United Airlines starting June 8, 2017. The SLO Regional Airport is also in the process of building a new, $35.4M terminal, set to open in fall 2017. Shore Cliff Hotel (Pismo Beach), was transformed from the Best Western Plus Shore Cliff Lodge into an upscale boutique hotel in December 2016. The 100-room oceanfront hotel offers assistance in coordinating docent-led hikes in the 900-acre Pismo Preserve, a bocce ball court and seaside tennis courts. The Landing at Morro Bay has opened on the beach! Located just one block from the water, The Landing at Morro Bay offers guests easy access to The Embarcadero. Sandy beaches, delicious restaurants, unique shops and more are just steps from their hotel door. Campers at Lopez Lake in Arroyo Grande will have the opportunity to stay in one of the area's new log cabins, opened in May, 2017. Installed by the San Luis Obispo County Department of Parks and Recreation the four cabins are now available for reservations. Cabin rentals range from $95 to $195 per night, and each sleep up to six campers. Just in time for summer, Pismo Beach's Sandcastle Inn is showing off all-new oceanfront guest rooms. With completely renovated bathrooms and bedrooms, including plush new bedding; bold, bright decor; views for days and the sound of waves crashing - the beach vibe is only getting stronger. Hilton Garden Inn (Pismo Beach) has recently completed a property-wide million-dollar renovation. The Pismo Beach hotel updated all 130 guest rooms to include new paint, carpets, linens, window coverings, furnishings, fixtures and electronic locks. In addition, they have updated the commercial space; renovated the bar and restaurant; and refreshed all landscaping. Construction is underway on the 104-room hotel in Pismo Beach, called the Inn at the Pier. This luxury hotel is scheduled for completion during summer of 2017. Just footsteps from the beach and boardwalk, The Inn at the Pier is currently taking reservations starting in mid-October. Activities to Explore for All Ages The CA Highway 1 Discovery Route (H1DR) invites visitors to marvel at the Pacific Ocean's amazing marine life from the shores of six new Whale Trail sites. The H1DR is comprised of 10 coastal towns along Highway 1 and the Whale Trail is a series of 90 sites along the Pacific Coast where visitors can see orcas, as well as other cetaceans and marine mammals from shore. New locations along the H1DR Whale Trail are: the Avila Beach Pier, Cambria,  Cayucos, San Simeon, Oceano and Nipomo, in addition to Montaña de Oro State Park in Baywood Park-Los Osos. Construction of the new Oceano Dunes District Visitor Center was completed in December 2016. This $2.5M facility provides community and park visitors with new educational opportunities. The exhibits highlight the District's natural and cultural resources and diverse recreational activities. Visitors will learn about the culture of the Chumash Native American tribe, the famous Pismo clams, the dune habitat, shorebirds, the Dunites and the legacy of off-highway vehicles. Tolosa Winery (San Luis Obispo) is in the final stages of a multi-million dollar renovation of their production facilities and hospitality spaces. The cellar has undergone a complete metamorphosis and the member room adds seating to showcase the stunning vineyard views. The new Barrel Loft overlooks the production areas where guests sample single vineyard Pinot Noirs and Chardonnays in barrel. Additional seating was added to the outdoor area, surrounding a kinetic wind sculpture to complement Tolosa's modern tasting room. The Atascadero North County Farmers Market has moved locations and showcases its local produce and vendors every Wednesday from 3-6pm at the Sunken Gardens. The farmers market features more than a dozen stands from fresh fruits and vegetables, to honey and artisan olive oil, and is one of twelve weekly markets held year-round in SLO CAL. Edna Valley Vineyard (San Luis Obispo) recently re-opened their doors after a four-month renovation of their tasting room. The renovation included an expanded panoramic view of the vineyard through the new floor-to-ceiling windows, and a wall was removed to create one large, open tasting room. The main tasting bar will be open to the public, while a smaller section will be reserved for club member table service. Catch Seafood Bar and Grill is a new restaurant in Paso Robles from well-known local chef Chico Mora. The restaurant, formerly Chico's Café, is newly styled with an open kitchen so guests can watch their food being prepared right in front of them. Catch is open seven days a week for lunch and dinner and weekends for brunch. The new Café Fiero is a fast-casual café on Fiero Lane in the city of San Luis Obispo.  The café offers breakfast and lunch on weekdays and is home to a commissary that will create products for all five of its sister restaurants. Mint + Craft opened in the April of 2017 in downtown San Luis Obispo. Mint + Craft, located on Monterey Street in the new China Town development, is a high-end café and mercantile. Mint + Craft is open every day, featuring quality quick-order and pre-packaged items and comfortable patio for al-fresco dining. The Lunada Garden Bistro and the Lunada Coffee Bar are now open in Cayucos seven days a week. The Lunada Garden Bistro serves lunch and dinner with a wide-ranging menu. The restaurants are joined by an extensive garden area and outdoor structure, called "Gazebo Garden," which expand the restaurants' seating for large parties and events. Willow Market, a restaurant and full-service bar, has partnered with the SeaCrest OceanFront Hotel in Pismo Beach, and will open this spring following the completion of a full property remodel. The upscale eatery will provide catering and room service to guests of the hotel; and will serve lunch and dinner daily in the 7,000-square-foot dining room and patio. The location will also include a high-end grocery market, coffee bar and deli. There's so much to explore in SLO CAL, we can't mention it all, but do think these new local favorites are noteworthy. Check out the new Street Side Alehouse or the Byblos Mediterranean Grill, recently opened, both in Atascadero. Dine at the new Flagship in Pismo Beach, featuring spectacular ocean views, local fare and refreshing drinks. Treat your palate at the new Vine Restaurant in downtown Paso Robles or go just around the corner to Somm's Kitchen, offering a journey of food and wine with sommelier Ian Adamo. Finally, Thomas Hill Organic Kitchen has opened a second location in San Luis Obispo, combining local foods with local wines. For more information on what's new in SLO CAL click here, or plan your trip at www.SLOCAL.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/whats-new-in-slo-cal-201718-300467354.html


OAKVILLE, Ontario, May 24, 2017 (GLOBE NEWSWIRE) -- The bustling streets of downtown Toronto will soon have a place where locals and visitors can stop to enjoy some relaxing dining with a refreshing outdoor atmosphere, as Kelly’s Landing prepares to open at the corner of Front Street West and University Avenue in the Spring of 2017. Kelly’s Landing, the newest location in The Landing Group of restaurants (a member of the Cara Operations Ltd. Group), will introduce a new architectural feature to the franchise’s innovative restaurant concepts; by featuring a retractable roof that opens up to the skies at the click of a button. This single-slope roof, measuring 30 feet by 44 feet, will bathe the restaurant’s dining and bar area in warm, inviting sunshine and fresh air, creating a dining experience that guests have never seen in a Landings Group restaurant until now. The expansive retractable skylight will cover a large section of Kelly’s Landing, giving diners an attractive view of the skies above. The 44-foot length of the structure will be divided into three sections, each approximately 15 feet long, with custom-built motors that allow them to telescope under one another and park beneath a fixed glass panel. This retractable system has been designed in close collaboration with the restaurant’s design team, McMillan Design and architectural firm B+H Architects to ensure that it fits perfectly with the rest of the building’s architecture. “This project is going to bring the best parts of an indoor dining area and an outdoor patio to Kelly’s Landing,” says Mark Albertine, President and CEO of OpenAire, “At OpenAire, our retractable enclosures have given many restaurants around the world the ability to offer an al fresco dining experience any time of year. Instead of a patio that sits closed for half of the year, Kelly’s Landing will be able to keep all of its seating open year-round. This will essentially double the restaurant’s seating capacity in the winter, giving Kelly’s Landing great opportunities for increased business. This is just one of the ways an OpenAire design solution can revolutionize a restaurant’s business.” The custom-built skylight at Kelly’s Landing was designed and manufactured by OpenAire in Oakville, Ontario. This durable and reliable aluminum structure makes a perfect fit for The Landing Group’s commitment to quality, community and excellence in its restaurants. The striking skylight design will help to ensure that Kelly’s Landing continues The Landing Group’s tradition of bringing “the Greater Toronto Area some of the region’s most exciting restaurant concepts.” Located just a short walk from Toronto’s Union Station, Kelly’s Landing will make an exciting and attractive new addition to Toronto’s already incredible dining scene. About OpenAire OpenAire has been designing and manufacturing beautiful, high-quality, retractable roof structures and skylights for 28 years. We bring unique designs to life from concept to installation, transforming buildings into sunlit spaces that customers love. Headquartered in Oakville, Ontario, OpenAire is approaching 1,000 projects throughout North America, Europe and the Middle East. Some of our projects include unique and inviting restaurant skylights and enclosures, such as the Rooftop Bar at the Refinery Hotel in New York NY (which achieved the #1 ranking in the 10Best Readers’ Choice Award for Best Hotel Rooftop Bar 2015); the Crooked Cue Pool Hall and Pub in Toronto ON; Gusto 101 in Toronto ON; the WaTiki Brown Rock Restaurant in Rapid City SD; LOCAL Public Eatery in Toronto ON; The Beer Garden at Ballpark Village in St. Louis MO; Goose Island’s Beer Bridge at Fourth Street Live in Lexington KY; Restoration Hardware’s “RH Gallery” courtyard in Chicago IL; and Pizza Express in Jersey Isle UK. More restaurants projects are currently under construction, including: the Hyatt House rooftop lounge in Jersey City NJ; MOXY in Washington D.C; Barcelona Tavern in Toronto ON; and Boston Pizza in Toronto ON. To learn more about OpenAire Inc., visit http://www.openaire.com/ and follow us on Twitter. For more details on this project, please e-mail sales@openaire.com. Photos accompanying this announcement are available at


OAKVILLE, Ontario, May 24, 2017 (GLOBE NEWSWIRE) -- The bustling streets of downtown Toronto will soon have a place where locals and visitors can stop to enjoy some relaxing dining with a refreshing outdoor atmosphere, as Kelly’s Landing prepares to open at the corner of Front Street West and University Avenue in the Spring of 2017. Kelly’s Landing, the newest location in The Landing Group of restaurants (a member of the Cara Operations Ltd. Group), will introduce a new architectural feature to the franchise’s innovative restaurant concepts; by featuring a retractable roof that opens up to the skies at the click of a button. This single-slope roof, measuring 30 feet by 44 feet, will bathe the restaurant’s dining and bar area in warm, inviting sunshine and fresh air, creating a dining experience that guests have never seen in a Landings Group restaurant until now. The expansive retractable skylight will cover a large section of Kelly’s Landing, giving diners an attractive view of the skies above. The 44-foot length of the structure will be divided into three sections, each approximately 15 feet long, with custom-built motors that allow them to telescope under one another and park beneath a fixed glass panel. This retractable system has been designed in close collaboration with the restaurant’s design team, McMillan Design and architectural firm B+H Architects to ensure that it fits perfectly with the rest of the building’s architecture. “This project is going to bring the best parts of an indoor dining area and an outdoor patio to Kelly’s Landing,” says Mark Albertine, President and CEO of OpenAire, “At OpenAire, our retractable enclosures have given many restaurants around the world the ability to offer an al fresco dining experience any time of year. Instead of a patio that sits closed for half of the year, Kelly’s Landing will be able to keep all of its seating open year-round. This will essentially double the restaurant’s seating capacity in the winter, giving Kelly’s Landing great opportunities for increased business. This is just one of the ways an OpenAire design solution can revolutionize a restaurant’s business.” The custom-built skylight at Kelly’s Landing was designed and manufactured by OpenAire in Oakville, Ontario. This durable and reliable aluminum structure makes a perfect fit for The Landing Group’s commitment to quality, community and excellence in its restaurants. The striking skylight design will help to ensure that Kelly’s Landing continues The Landing Group’s tradition of bringing “the Greater Toronto Area some of the region’s most exciting restaurant concepts.” Located just a short walk from Toronto’s Union Station, Kelly’s Landing will make an exciting and attractive new addition to Toronto’s already incredible dining scene. About OpenAire OpenAire has been designing and manufacturing beautiful, high-quality, retractable roof structures and skylights for 28 years. We bring unique designs to life from concept to installation, transforming buildings into sunlit spaces that customers love. Headquartered in Oakville, Ontario, OpenAire is approaching 1,000 projects throughout North America, Europe and the Middle East. Some of our projects include unique and inviting restaurant skylights and enclosures, such as the Rooftop Bar at the Refinery Hotel in New York NY (which achieved the #1 ranking in the 10Best Readers’ Choice Award for Best Hotel Rooftop Bar 2015); the Crooked Cue Pool Hall and Pub in Toronto ON; Gusto 101 in Toronto ON; the WaTiki Brown Rock Restaurant in Rapid City SD; LOCAL Public Eatery in Toronto ON; The Beer Garden at Ballpark Village in St. Louis MO; Goose Island’s Beer Bridge at Fourth Street Live in Lexington KY; Restoration Hardware’s “RH Gallery” courtyard in Chicago IL; and Pizza Express in Jersey Isle UK. More restaurants projects are currently under construction, including: the Hyatt House rooftop lounge in Jersey City NJ; MOXY in Washington D.C; Barcelona Tavern in Toronto ON; and Boston Pizza in Toronto ON. To learn more about OpenAire Inc., visit http://www.openaire.com/ and follow us on Twitter. For more details on this project, please e-mail sales@openaire.com. Photos accompanying this announcement are available at


OAKVILLE, Ontario, May 24, 2017 (GLOBE NEWSWIRE) -- The bustling streets of downtown Toronto will soon have a place where locals and visitors can stop to enjoy some relaxing dining with a refreshing outdoor atmosphere, as Kelly’s Landing prepares to open at the corner of Front Street West and University Avenue in the Spring of 2017. Kelly’s Landing, the newest location in The Landing Group of restaurants (a member of the Cara Operations Ltd. Group), will introduce a new architectural feature to the franchise’s innovative restaurant concepts; by featuring a retractable roof that opens up to the skies at the click of a button. This single-slope roof, measuring 30 feet by 44 feet, will bathe the restaurant’s dining and bar area in warm, inviting sunshine and fresh air, creating a dining experience that guests have never seen in a Landings Group restaurant until now. The expansive retractable skylight will cover a large section of Kelly’s Landing, giving diners an attractive view of the skies above. The 44-foot length of the structure will be divided into three sections, each approximately 15 feet long, with custom-built motors that allow them to telescope under one another and park beneath a fixed glass panel. This retractable system has been designed in close collaboration with the restaurant’s design team, McMillan Design and architectural firm B+H Architects to ensure that it fits perfectly with the rest of the building’s architecture. “This project is going to bring the best parts of an indoor dining area and an outdoor patio to Kelly’s Landing,” says Mark Albertine, President and CEO of OpenAire, “At OpenAire, our retractable enclosures have given many restaurants around the world the ability to offer an al fresco dining experience any time of year. Instead of a patio that sits closed for half of the year, Kelly’s Landing will be able to keep all of its seating open year-round. This will essentially double the restaurant’s seating capacity in the winter, giving Kelly’s Landing great opportunities for increased business. This is just one of the ways an OpenAire design solution can revolutionize a restaurant’s business.” The custom-built skylight at Kelly’s Landing was designed and manufactured by OpenAire in Oakville, Ontario. This durable and reliable aluminum structure makes a perfect fit for The Landing Group’s commitment to quality, community and excellence in its restaurants. The striking skylight design will help to ensure that Kelly’s Landing continues The Landing Group’s tradition of bringing “the Greater Toronto Area some of the region’s most exciting restaurant concepts.” Located just a short walk from Toronto’s Union Station, Kelly’s Landing will make an exciting and attractive new addition to Toronto’s already incredible dining scene. About OpenAire OpenAire has been designing and manufacturing beautiful, high-quality, retractable roof structures and skylights for 28 years. We bring unique designs to life from concept to installation, transforming buildings into sunlit spaces that customers love. Headquartered in Oakville, Ontario, OpenAire is approaching 1,000 projects throughout North America, Europe and the Middle East. Some of our projects include unique and inviting restaurant skylights and enclosures, such as the Rooftop Bar at the Refinery Hotel in New York NY (which achieved the #1 ranking in the 10Best Readers’ Choice Award for Best Hotel Rooftop Bar 2015); the Crooked Cue Pool Hall and Pub in Toronto ON; Gusto 101 in Toronto ON; the WaTiki Brown Rock Restaurant in Rapid City SD; LOCAL Public Eatery in Toronto ON; The Beer Garden at Ballpark Village in St. Louis MO; Goose Island’s Beer Bridge at Fourth Street Live in Lexington KY; Restoration Hardware’s “RH Gallery” courtyard in Chicago IL; and Pizza Express in Jersey Isle UK. More restaurants projects are currently under construction, including: the Hyatt House rooftop lounge in Jersey City NJ; MOXY in Washington D.C; Barcelona Tavern in Toronto ON; and Boston Pizza in Toronto ON. To learn more about OpenAire Inc., visit http://www.openaire.com/ and follow us on Twitter. For more details on this project, please e-mail sales@openaire.com. Photos accompanying this announcement are available at


OAKVILLE, Ontario, May 24, 2017 (GLOBE NEWSWIRE) -- The bustling streets of downtown Toronto will soon have a place where locals and visitors can stop to enjoy some relaxing dining with a refreshing outdoor atmosphere, as Kelly’s Landing prepares to open at the corner of Front Street West and University Avenue in the Spring of 2017. Kelly’s Landing, the newest location in The Landing Group of restaurants (a member of the Cara Operations Ltd. Group), will introduce a new architectural feature to the franchise’s innovative restaurant concepts; by featuring a retractable roof that opens up to the skies at the click of a button. This single-slope roof, measuring 30 feet by 44 feet, will bathe the restaurant’s dining and bar area in warm, inviting sunshine and fresh air, creating a dining experience that guests have never seen in a Landings Group restaurant until now. The expansive retractable skylight will cover a large section of Kelly’s Landing, giving diners an attractive view of the skies above. The 44-foot length of the structure will be divided into three sections, each approximately 15 feet long, with custom-built motors that allow them to telescope under one another and park beneath a fixed glass panel. This retractable system has been designed in close collaboration with the restaurant’s design team, McMillan Design and architectural firm B+H Architects to ensure that it fits perfectly with the rest of the building’s architecture. “This project is going to bring the best parts of an indoor dining area and an outdoor patio to Kelly’s Landing,” says Mark Albertine, President and CEO of OpenAire, “At OpenAire, our retractable enclosures have given many restaurants around the world the ability to offer an al fresco dining experience any time of year. Instead of a patio that sits closed for half of the year, Kelly’s Landing will be able to keep all of its seating open year-round. This will essentially double the restaurant’s seating capacity in the winter, giving Kelly’s Landing great opportunities for increased business. This is just one of the ways an OpenAire design solution can revolutionize a restaurant’s business.” The custom-built skylight at Kelly’s Landing was designed and manufactured by OpenAire in Oakville, Ontario. This durable and reliable aluminum structure makes a perfect fit for The Landing Group’s commitment to quality, community and excellence in its restaurants. The striking skylight design will help to ensure that Kelly’s Landing continues The Landing Group’s tradition of bringing “the Greater Toronto Area some of the region’s most exciting restaurant concepts.” Located just a short walk from Toronto’s Union Station, Kelly’s Landing will make an exciting and attractive new addition to Toronto’s already incredible dining scene. About OpenAire OpenAire has been designing and manufacturing beautiful, high-quality, retractable roof structures and skylights for 28 years. We bring unique designs to life from concept to installation, transforming buildings into sunlit spaces that customers love. Headquartered in Oakville, Ontario, OpenAire is approaching 1,000 projects throughout North America, Europe and the Middle East. Some of our projects include unique and inviting restaurant skylights and enclosures, such as the Rooftop Bar at the Refinery Hotel in New York NY (which achieved the #1 ranking in the 10Best Readers’ Choice Award for Best Hotel Rooftop Bar 2015); the Crooked Cue Pool Hall and Pub in Toronto ON; Gusto 101 in Toronto ON; the WaTiki Brown Rock Restaurant in Rapid City SD; LOCAL Public Eatery in Toronto ON; The Beer Garden at Ballpark Village in St. Louis MO; Goose Island’s Beer Bridge at Fourth Street Live in Lexington KY; Restoration Hardware’s “RH Gallery” courtyard in Chicago IL; and Pizza Express in Jersey Isle UK. More restaurants projects are currently under construction, including: the Hyatt House rooftop lounge in Jersey City NJ; MOXY in Washington D.C; Barcelona Tavern in Toronto ON; and Boston Pizza in Toronto ON. To learn more about OpenAire Inc., visit http://www.openaire.com/ and follow us on Twitter. For more details on this project, please e-mail sales@openaire.com. Photos accompanying this announcement are available at


News Article | September 30, 2017
Site: www.marketwired.com

JEJU, SOUTH KOREA--(Marketwired - Sep 30, 2017) - Jeju Shinhwa World is pleased to announce the official opening of Shinhwa Theme Park today in Jeju Island, South Korea. Shinhwa Theme Park is developed in collaboration with TUBAn, one of Korea's premier animation companies, based on its popular 3D animated characters such as Larva, Wingcle Bear, Buck, and Oscar. The park offers three distinctly themed zones, aptly named "Larva's Adventure Village", "Oscar's New World" and "Rotary Park", which immerse visitors in the world's greatest myths and histories brought to life through 15 exhilarating rides and attractions, themed exhibits and spectacular live performances. Jeju Shinhwa World is the first premium integrated leisure and entertainment destination resort in Jeju, developed by Landing Jeju Development Co., Ltd, a wholly-owned subsidiary of Landing International Development Limited ("Landing International" or the "Company") ( : 582). Spanning across an area of 2.5 million square metres, Jeju Shinhwa World offers a diverse range of world-class hospitality, leisure, entertainment and gaming facilities suited for visitors of different age groups. Dr. Yang Zhihui, Chairman and Executive Director of Landing International said, "The opening of Shinhwa Theme Park signifies another key milestone for Jeju Shinhwa World which sets to offer the first world-class leisure and entertainment facilities in Jeju. It is our honor to partner with TUBAn and we are confident that our collaboration will bring high quality products and services to Shinhwa Theme Park and fulfill its mission of "delivering overwhelming joy and happiness" to every guest. With the opening of more facilities in Jeju Shinhwa World in the coming months, Jeju Shinhwa World is on track to become a world-class integrated destination resort that Jeju residents will be proud of". Jeju Shinhwa World opened the first international-class full-serviced resort condominium in Jeju, Somerset Jeju Shinhwa World, in April 2017. Landing Resort, M.I.C.E. facilities and YG Town, operated by YG Entertainment featuring a bowling club and cafe with design input from Korean pop celebrity G-Dragon, will open shortly after that in November 2017. The Official Opening has been set in December 2017, when the remaining facilities in Jeju Shinhwa World including Marriott Resort, restaurants and food streets, retail mall and foreigners-only casino will be open to the public. Landing International is a limited company listed on the Main Board of Hong Kong Stock Exchange and also a constituent stock of the Hang Seng Family of Indexes. The Company and subsidiaries are principally engaged in the development and operation of integrated leisure and entertainment resort, gaming club, entertainment facilities and property development under its own "Landing" brand name. Landing International, through its subsidiary Landing Jeju Development Co., Ltd, is currently developing "Jeju Shinhwa World", a 2.5 million square metre integrated leisure and entertainment destination resort in Jeju, which will be Jeju's first premium integrated resort. It offers its visitors many world-class hospitality, leisure, entertainment and gaming facilities including theme parks, an adventure water park, more than 2,000 premium hotel rooms, luxury resort condominium villas, cultural facilities, leisure and entertainment amenities, as well as Jeju's largest retail and food beverage complex. About Jeju Shinhwa World Jeju Shinhwa World will be Jeju's first premium integrated resort, spanning an area of approximately 2.5 million square metres (26.9 million square feet). Opening progressively from the beginning of 2017, Jeju Shinhwa World offers world-class hospitality, leisure, entertainment and gaming facilities including theme parks, an adventure water park and a destination spa, as well as Jeju's first retail and food and beverage complex. The project will incorporate a series of premium hotels offering more than 2,000 rooms, ranging from family-oriented guest rooms to ultra-luxurious exclusive villas. Full meeting and conference facilities suitable for regional and international MICE (meetings, incentives, conventions and events) are also readily available to meet the most demanding business needs.


Grant
Agency: European Commission | Branch: FP7 | Program: CP-IP | Phase: AAT.2011.4.4-5. | Award Amount: 34.53M | Year: 2011

The All-Electric Aircraft is a major target for the next generation of aircraft to lower consumption of non-propulsive power and thus fuel burn. To eliminate hydraulic circuits, pumps and reservoirs, Electro Mechanical Actuators (EMA) are mandatory but now need to meet cost, reliability and weight requirements from the airframers. ACTUATION 2015 aims to develop and validate a common set of standardised, modular and scalable EMA resources for all actuators (flight control, high lift, main landing gear, door, thrust reverser) and all types of aircraft (business/regional/commercial airplanes and helicopters). Compared to the A320, ACTUATION 2015 will reduce the overall Life Cycle Costs of actuators by 30%, improve reliability by 30% and reduce aircraft weight by 500kg. The project relies on recent advances made in EU and national projects to integrate the required technologies (solid state power distribution, power electronics, operation in harsh conditions, jam tolerant EMA) to overcome the current barriers to EMA and mature EMA technologies to TRL 5. Standardising EMA modules (motors, power drive electronics, mechanics, sensing) will be a key enabler to succeed in achieving cost objectives and developing the supply chain. Standardisation will start during the project with the support of a standardisation body (CEN). The technical approach will be to gather detailed airframes requirements, specify a set of standard modules and develop prototypes for assessment at component and actuator level through rig tests and the virtual validation of modules. In parallel, a unified EMA design process supported by standard methods and tools will also be developed. ACTUATION 2015 will complement existing projects, notably CLEAN SKY SGO with an EMA solution, and pave the way towards the ACARE 2020 All-Electric Aircraft. ACTUATION 2015 is a 4,5 year integrated project comprising 54 partners representing the European stakeholders of the actuation and airframe sectors from 12 countries


Patent
The Landing | Date: 2013-08-28

The present invention provides pladin (plasma anti-diabetic nucb2 peptide) polypeptide and functional equivalent thereof that are useful for treating diabetes. The present invention provides a method of treating diabetes by administering to a subject nesfatin-1, pladin, or a functional equivalent thereof. The present invention also provides a method of treating diabetes by administering to subject plasmin inhibitors.

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