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News Article | May 9, 2017
Site: globenewswire.com

ATLANTA and LAS VEGAS, May 09, 2017 (GLOBE NEWSWIRE) -- Today, at its annual Momentum customer  conference, Manhattan Associates, Inc. (NASDAQ:MANH) announced the new Manhattan Active Supply Chain Solution suite. The suite introduces new innovations designed to increase warehouse throughput and help enterprises keep up with the pace of warehouse systems innovation. Visit http://www.manh.com/active for more information.  For years, warehouses have driven order processing efficiency by using a wave-based processing methodology that aggregates order volume and submits it to the distribution center in organized batches. Unfortunately, in environments where demand can be unpredictable and volatile, this approach can lead to peaks and valleys of activity, as waves are passed from warehouse function to function. The Manhattan Active Distribution Solution includes the first warehouse management system to fully embed an option for waveless order fulfillment technology. This dramatically increases asset utilization and improves facility output, enabling warehouse facilities to process both large shipments and individual consumer orders highly efficiently. Manhattan’s Order Streaming solution is unique in its ability to optimize both labor and equipment assets, and to work in either wave or waveless modes. “We believe the most effective distribution facilities will consist of innovative automation, enabled and engaged associates and intelligent software that orchestrates and optimizes all of those resources holistically,” said Brian Kinsella, Manhattan’s vice president of product management. “Order Streaming is the market’s first waveless outbound processing capability to be embedded directly into a WMS. We’re confident it will help our customers take a massive step forward in increasing the velocity of their outbound operations.” Manhattan’s Order Streaming solution has helped distributors dramatically improve warehouse throughput. For example, a major North American retailer doubled its ability to process expedited orders per day during peak season by eliminating picker wait times following the implementation of the Order Streaming system. Always-Current Technology Because warehouse management systems can be complex, process-centric solutions, keeping them current is often a challenge. As a result, many customers fall behind the technology curve and struggle to compete with their more technologically up-to-date competitors. To help solve this issue, Manhattan Associates is introducing a new Manhattan Active WM program. Manhattan’s annual subscription program ensures its customers are always using the most current version of its market-leading WMS software. Each subsequent version released to that customer comes complete with all of the customer’s business-specific extensions, upgraded data, workflows and configurations, as well as new Manhattan WMS functionality. Manhattan also announced Manhattan TMS Mobile, a new mobile app to more easily enable its customers to connect and engage small to medium sized trucking firms. Part of the Manhattan Active Transportation suite, the software enables real-time shipment tracking, freight management, shipment status updates and network operations monitoring via an in-cab mobile device. Receive up-to-date product, customer and partner news directly from Manhattan Associates on Twitter and Facebook. About Manhattan Associates Manhattan Associates is a technology leader in supply chain and omni-channel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers. Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omni-channel marketplace. For more information, please visit www.manh.com.


News Article | May 9, 2017
Site: globenewswire.com

HOUSTON, May 09, 2017 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN), today announced operating and financial results for the first quarter 2017.  Highlights include: “During the first quarter 2017, we closed the transformational Comanche Transaction, which provides us with tremendous growth opportunities now and for many years to come,” said Tony Sanchez, III, Chief Executive Officer of Sanchez Energy. “Upon closing, we immediately ramped up activity on the Comanche assets through the seamless transition of operations.   In support of our operations ramp up at Comanche, we contracted major services, including drilling rigs, pressure pumping and sand.  These fixed price arrangements allow us to maintain our cost structure and de-bundled approach to procurement despite current upward price pressure on the services market.  When combined with our active hedging program, we have taken significant strides toward securing attractive operating margins for several years to come. “Importantly, our rapid integration of the Comanche assets during the first quarter has already produced positive results with initial production from the first nine DUC wells on-line in only 45 days.  These relatively short lateral length (~4,400 ft.) DUC wells are exceeding production expectations with 24 hour rates on several wells in excess of 1,000 Boe/d. Normalized for lateral length, these wells are averaging in excess of 20% above the forecasted initial production rate and are significantly more oil-weighted than our modeled type curve.   Additionally, we have seen incremental upside from low cost workovers that enabled us to restart production from 13 previously shut-in wells.  These high rate of return projects have added over 2,100 gross Boe/d of production at a total gross cost of approximately $1.2 million.  We are currently running three drilling rigs, four frac spreads, and seven workover rigs at Comanche, with plans to add two additional drilling rigs in the second quarter 2017. “In addition to assuming operations at Comanche, the Company brought 14 horizontal wells on-line in the South-Central region of Catarina at the end of the first quarter.  These wells were completed with 60 percent more proppant and fluids compared to our standard design. The completion method was changed to use 3,000 pounds of proppant per lateral foot and is the result of positive tests conducted in this area over the last year.  These 14 South-Central wells, which are shorter than our standard lateral length by ~1,000 ft., averaged a 30-day production rate of 1,050 Boe/d, in-line with our South-Central Type Curve.  The wells are maintaining very good pressures and relatively flat production profiles. Based on the results of the previous testing, we anticipate the new completion design will result in a flatter decline profile, which is forecasted to be approximately 25 percent better than our standard completion work after six months of operation.  We view the production results as confirming our inventory expectations in the South-Central area of Catarina and are currently in the process of drilling additional appraisal wells on the next two development rows north of the E33 pad that are intended to prove out additional locations for future drilling programs. “First quarter 2017 financial results were reduced by one-time costs related to the Comanche Transaction as well as an increase in our operating expenses as we ramped up operational capabilities to integrate the Comanche assets.  Because the acquisition closed on March 1, 2017, these expenses were paired with only one month of revenue from the Comanche assets.  With current production levels up over 46 percent from the first quarter 2017 average production, we expect operating cash flow and margins to increase through the remainder of the year as we phase into a more normalized operations pace.” During the first quarter 2017, the Company spud 33 gross (28.8 net) wells and completed 19 gross (16 net) wells. At Maverick, the Company currently has two drilling rigs operating on the Hausser lease with completion activity scheduled to begin early in the third quarter 2017. Drilling costs at Catarina during the first quarter 2017 averaged approximately $1.5 million, while completion costs increased to $2.4 million, largely as a result of the 60 percent increase in proppant and fluids. The total average well cost of approximately $3.9 million is in-line with the Company’s inflation expectations, when adjusted for the increased proppant loading. During the first quarter 2017, the Company brought 14 wells on-line at Catarina.  As of March 31, 2017, the Company had drilled 69 wells towards its 50 well annual commitment at Catarina, which runs from July 1, 2016 to June 30, 2017.  Accordingly, the Company has already banked 19 wells toward next year’s annual drilling commitment and is on pace to achieve a 30 well bank by June 30, 2017. As of March 31, 2017, the Company had 2,060 gross (821 net) producing wells with 169 gross wells in various stages of completion, 132 of those being DUCs acquired in the Comanche Transaction.  Well counts detailed by asset in the following table: The Company’s production mix during the first quarter 2017 consisted of approximately 33 percent oil, 29 percent natural gas liquids (“NGL”), and 38 percent natural gas.  By asset area, Catarina, Comanche, Marquis, Maverick, and Palmetto/TMS/Other comprised approximately 69 percent, 19 percent, four percent, six percent, and two percent, respectively, of the Company’s total first quarter 2017 production volumes. Revenues of approximately $134 million during the first quarter 2017 were up 68 percent compared to the first quarter 2016.  Hedge settlements resulted in a $2.9 million loss for the first quarter 2017.  Commodity price realizations during the first quarter 2017, including the impact of derivative instrument settlements, were $47.26 per barrel (“Bbl”) of oil, $19.77 per Bbl of NGL and $2.93 per thousand cubic feet (“Mcf”) of natural gas. Production, average sales prices, and operating costs and expenses per barrel of oil equivalent (“Boe”) for the first quarter 2017 are summarized in the following table: Cash outflows for capital expenditures during the first quarter 2017 totaled approximately $88.1 million.  The Company spent approximately 89 percent of its capital expenditures on drilling, completion, infrastructure, and geology and geophysics activities, and 11 percent related to leasing and business development expenditures. On a GAAP basis, the Company reported a net loss attributable to common stockholders of $12.5 million for the first quarter 2017, which includes non-cash mark-to-market gains related to hedging activities of $41.8 million and $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items. The Company reported Adjusted EBITDA (a non-GAAP financial measure) of approximately $50.6 million which includes a $10.9 million expense related to cash settlement of the Company’s equity-based incentive awards and an Adjusted Loss (a non-GAAP financial measure) of $39.1 million for the first quarter 2017, the latter of which excludes $41.8 million in non-cash mark-to-market gains related to hedging activities and $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items.  This quarter’s results compares to Adjusted EBITDA of approximately $64.1 million and an Adjusted Loss of approximately $18.2 million reported in the first quarter 2016.  Adjusted EBITDA and Adjusted Earnings (Loss) are non-GAAP financial measures defined in the tables included with today’s news release. On a GAAP basis, the Company reported general and administrative (“G&A”) expenses of $67.5 million. Included in G&A expenses is $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items, $12.1 million of non-cash equity compensation, and $10.9 million associated with cash settled, equity-linked performance awards that vest periodically in accordance with the terms of the Company’s equity-based incentive awards.  Excluding these amounts, G&A expenses during the first quarter 2017 were approximately $20.4 million, which the Company believes is more reflective of its baseline G&A expense. For the year, the Company now expects its G&A to be in the range of $3.00 - $3.50 per Boe. However as production ramps up, the Company expects G&A costs per unit of production to materially decline and be in the range of $2.00 - $2.50 per Boe in the second half of the year. The Company hedged an additional 4,000 barrels per day starting in the second quarter 2017 through the end of 2019 at an average swap price of $50.10 per barrel.  Additionally, the Company layered in 50,000 MMBtus per day of gas in 2018 at an average swap price of $3.04 per MMBtu.  More information on the Company’s hedge positions can be found in the Company’s Investor Presentation posted at www.sanchezenergycorp.com. LIQUIDITY AND CREDIT FACILITY As of March 31, 2017, the Company had liquidity of approximately $565 million, which consisted of approximately $125 million in cash and cash equivalents, an undrawn Sanchez Energy revolving credit facility with a borrowing base of $350 million and an elected commitment amount of $300 million, and $140 million of available capacity under a subsidiary-level (non-recourse to Sanchez Energy) revolving credit facility with a borrowing base of $330 million. As of March 31, 2017, the Company had approximately 81.9 million common shares outstanding.  Assuming all Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock were converted, total outstanding common shares as of March 31, 2017 would have been approximately 94.4 million.  For the three months ended March 31, 2017, the weighted average number of unrestricted common shares used to calculate net loss attributable to common stockholders per common share, basic and diluted, which are determined in accordance with GAAP, was 69.7 million. Sanchez Energy will host a conference call for investors on Tuesday, May 9, 2017, at 1:00 p.m. Central Time (2:00 p.m. Eastern Time).  Interested investors can listen to the call via webcast, both live and rebroadcast, over the Internet at: http://edge.media-server.com/m/p/c7dxdxj7/lan/en. Sanchez Energy Corporation (NYSE:SN) is an independent exploration and production company focused on the acquisition and development of U.S. onshore unconventional oil and natural gas resources, with a current focus on the Eagle Ford Shale in South Texas where, as of March 31, 2017, the Company has assembled approximately 360,000 net acres. For more information about Sanchez Energy Corporation, please visit our website:  www.sanchezenergycorp.com. This press release contains, and our officers and representatives may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements relating to the expected financial and operational results of the Company, the expected synergies and benefits related to the Comanche Transaction, and the Company’s G&A expenses for the remainder of the year. These statements are based on certain assumptions made by the Company based on management's experience, perception of historical trends and technical analyses, current conditions, anticipated future developments and other factors believed to be appropriate and reasonable by management.  When used in this press release, the words "will," "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future," or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, including, but not limited to the failure of acquired assets, including the Comanche assets, and our joint ventures to perform as anticipated, failure or delays on the part of our joint venture partners, failure to continue to produce oil and gas at historical rates, costs of operations, delays, and any other difficulties related to producing oil or gas or completing our ongoing joint venture projects, the price of oil or gas, marketing and sales of produced oil and gas, estimates made in evaluating reserves, competition, general economic conditions and the ability to manage our growth, our expectations regarding our future liquidity, our expectations regarding the results of our efforts to improve the efficiency of our operations to reduce our costs and other factors described in the Company’s most recent Annual Report on Form 10-K and any updates to those risk factors set forth in the Company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Further information on such assumptions, risks and uncertainties is available in Sanchez Energy's filings with the U.S. Securities and Exchange Commission (the "SEC").  The Company’s filings with the SEC are available on our website at www.sanchezenergycorp.com and on the SEC's website at www.sec.gov. In light of these risks, uncertainties and assumptions, the events anticipated by the Company's forward-looking statements may not occur, and, if any of such events do occur, Sanchez Energy may not have correctly anticipated the timing of their occurrence or the extent of their impact on its actual results. Accordingly, you should not place any undue reliance on any of the Company's forward-looking statements.  Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Adjusted EBITDA is a non‑GAAP financial measure that is used as a supplemental financial measure by our management and by external users of our financial statements, such as investors, commercial banks and others, to assess our operating performance as compared to that of other companies in our industry, without regard to financing methods, capital structure or historical costs basis. It is also used to assess our ability to incur and service debt and fund capital expenditures.  Our Adjusted EBITDA should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Our Adjusted EBITDA may not be comparable to similarly titled measures of another company because all companies may not calculate Adjusted EBITDA in the same manner.  The following table presents a reconciliation of our net loss to Adjusted EBITDA (in thousands). We present Adjusted Earnings (Loss) attributable to common stockholders (“Adjusted Earnings (Loss)”) in addition to our reported net income (loss) in accordance with U.S. GAAP. This information is provided because management believes exclusion of the impact of the items included in our definition of Adjusted Earnings (Loss) below will help investors compare results between periods, identify operating trends that could otherwise be masked by these items and highlight the impact that commodity price volatility has on our results.  Adjusted Earnings (Loss) is not intended to represent cash flows for the period, nor is it presented as a substitute for net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP.  The following table presents a reconciliation of our net income (loss) to Adjusted Earnings (Loss) (in thousands, except per share data): We present Adjusted Revenue in addition to our reported Revenue in accordance with U.S. GAAP. The Company defines Adjusted Revenue as follows: total revenues plus cash settled derivatives. The Company believes Adjusted Revenue provides investors with helpful information with respect to the performance of the Company's operations and management uses Adjusted Revenue to evaluate its ongoing operations and for internal planning and forecasting purposes. See the table below which reconciles Adjusted Revenue and total revenues.


LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global automotive intelligent tires market to grow at a CAGR of more than 291% during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global automotive intelligent tires market for 2017-2021. The market is further segmented by vehicle type (commercial vehicles and passenger cars) and geography (EMEA, APAC, and the Americas). Intelligent tires are expected to largely follow similar market dynamics as tire pressure measurement system (TPMS) or tire-mounted sensors (TMS) in terms of growth, supply chain, and customer base. There is a high market demand for such systems in developed automotive markets, such as Europe and North America due to the strict safety regulations on vehicles. In the APAC region, the demand for TPMS is higher in economies such as Japan, Korea, and Australia. Looking for more information on this market? Request a free sample report Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio automotive research analysts highlight the following three factors that are contributing to the growth of the global automotive intelligent tires market: Influence of backward integration of TPMS on the development of intelligent tires There is a streamlined flow in the traditional automotive value chain where electronic component manufacturers supply components to OEMs that further integrates these components into a vehicle. But in the case of TPMS, the traditional value chain involves electronics suppliers, which offer sensors used in TPMS. Siddharth Jaiswal, a lead automotive component research analyst at Technavio, says, “Manufacturers have backward integrated to provide TPMS as well as tires in the larger scheme of the supply chain. For instance, Bridgestone has been offering the automated TPMS system along with its tires since 2014.” The Society of Automotive Engineers International initiated a new standard known as J3016 for autonomous vehicles that define the various levels of automation in the increasing order of automation from level 0 to level 5. Tires play an important role in physical contact use cases, including traction, stability, and handling of the vehicle, as well as the upcoming use cases that include vehicle information coordination, and storage spaces. Intelligent tires deal with information regarding the health of the tire and convey the same to the vehicle engine control unit (ECU). Connected cars are equipped with the Internet and wireless services that help the automobile to link with remotely connected networks or services. For automated data transmission between two electronic or mechanical devices, machine-to-machine (M2M) connections are established. M2M connected car services help in navigation, infotainment, tracking stolen vehicles, telematics, roadside assistance, video transmission, and making automated calls during emergencies. With vehicles able to connect with each other and their surroundings, manufacturers are in discussion to introduce tires that have the ability to communicate. These tires should be able to slightly modify its traction by updating its tread patterns in real time based on various environmental and road conditions. Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like automotive electronics, automotive components, and automotive manufacturing. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently. Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at media@technavio.com.


News Article | May 9, 2017
Site: globenewswire.com

HOUSTON, May 09, 2017 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN), today announced operating and financial results for the first quarter 2017.  Highlights include: “During the first quarter 2017, we closed the transformational Comanche Transaction, which provides us with tremendous growth opportunities now and for many years to come,” said Tony Sanchez, III, Chief Executive Officer of Sanchez Energy. “Upon closing, we immediately ramped up activity on the Comanche assets through the seamless transition of operations.   In support of our operations ramp up at Comanche, we contracted major services, including drilling rigs, pressure pumping and sand.  These fixed price arrangements allow us to maintain our cost structure and de-bundled approach to procurement despite current upward price pressure on the services market.  When combined with our active hedging program, we have taken significant strides toward securing attractive operating margins for several years to come. “Importantly, our rapid integration of the Comanche assets during the first quarter has already produced positive results with initial production from the first nine DUC wells on-line in only 45 days.  These relatively short lateral length (~4,400 ft.) DUC wells are exceeding production expectations with 24 hour rates on several wells in excess of 1,000 Boe/d. Normalized for lateral length, these wells are averaging in excess of 20% above the forecasted initial production rate and are significantly more oil-weighted than our modeled type curve.   Additionally, we have seen incremental upside from low cost workovers that enabled us to restart production from 13 previously shut-in wells.  These high rate of return projects have added over 2,100 gross Boe/d of production at a total gross cost of approximately $1.2 million.  We are currently running three drilling rigs, four frac spreads, and seven workover rigs at Comanche, with plans to add two additional drilling rigs in the second quarter 2017. “In addition to assuming operations at Comanche, the Company brought 14 horizontal wells on-line in the South-Central region of Catarina at the end of the first quarter.  These wells were completed with 60 percent more proppant and fluids compared to our standard design. The completion method was changed to use 3,000 pounds of proppant per lateral foot and is the result of positive tests conducted in this area over the last year.  These 14 South-Central wells, which are shorter than our standard lateral length by ~1,000 ft., averaged a 30-day production rate of 1,050 Boe/d, in-line with our South-Central Type Curve.  The wells are maintaining very good pressures and relatively flat production profiles. Based on the results of the previous testing, we anticipate the new completion design will result in a flatter decline profile, which is forecasted to be approximately 25 percent better than our standard completion work after six months of operation.  We view the production results as confirming our inventory expectations in the South-Central area of Catarina and are currently in the process of drilling additional appraisal wells on the next two development rows north of the E33 pad that are intended to prove out additional locations for future drilling programs. “First quarter 2017 financial results were reduced by one-time costs related to the Comanche Transaction as well as an increase in our operating expenses as we ramped up operational capabilities to integrate the Comanche assets.  Because the acquisition closed on March 1, 2017, these expenses were paired with only one month of revenue from the Comanche assets.  With current production levels up over 46 percent from the first quarter 2017 average production, we expect operating cash flow and margins to increase through the remainder of the year as we phase into a more normalized operations pace.” During the first quarter 2017, the Company spud 33 gross (28.8 net) wells and completed 19 gross (16 net) wells. At Maverick, the Company currently has two drilling rigs operating on the Hausser lease with completion activity scheduled to begin early in the third quarter 2017. Drilling costs at Catarina during the first quarter 2017 averaged approximately $1.5 million, while completion costs increased to $2.4 million, largely as a result of the 60 percent increase in proppant and fluids. The total average well cost of approximately $3.9 million is in-line with the Company’s inflation expectations, when adjusted for the increased proppant loading. During the first quarter 2017, the Company brought 14 wells on-line at Catarina.  As of March 31, 2017, the Company had drilled 69 wells towards its 50 well annual commitment at Catarina, which runs from July 1, 2016 to June 30, 2017.  Accordingly, the Company has already banked 19 wells toward next year’s annual drilling commitment and is on pace to achieve a 30 well bank by June 30, 2017. As of March 31, 2017, the Company had 2,060 gross (821 net) producing wells with 169 gross wells in various stages of completion, 132 of those being DUCs acquired in the Comanche Transaction.  Well counts detailed by asset in the following table: The Company’s production mix during the first quarter 2017 consisted of approximately 33 percent oil, 29 percent natural gas liquids (“NGL”), and 38 percent natural gas.  By asset area, Catarina, Comanche, Marquis, Maverick, and Palmetto/TMS/Other comprised approximately 69 percent, 19 percent, four percent, six percent, and two percent, respectively, of the Company’s total first quarter 2017 production volumes. Revenues of approximately $134 million during the first quarter 2017 were up 68 percent compared to the first quarter 2016.  Hedge settlements resulted in a $2.9 million loss for the first quarter 2017.  Commodity price realizations during the first quarter 2017, including the impact of derivative instrument settlements, were $47.26 per barrel (“Bbl”) of oil, $19.77 per Bbl of NGL and $2.93 per thousand cubic feet (“Mcf”) of natural gas. Production, average sales prices, and operating costs and expenses per barrel of oil equivalent (“Boe”) for the first quarter 2017 are summarized in the following table: Cash outflows for capital expenditures during the first quarter 2017 totaled approximately $88.1 million.  The Company spent approximately 89 percent of its capital expenditures on drilling, completion, infrastructure, and geology and geophysics activities, and 11 percent related to leasing and business development expenditures. On a GAAP basis, the Company reported a net loss attributable to common stockholders of $12.5 million for the first quarter 2017, which includes non-cash mark-to-market gains related to hedging activities of $41.8 million and $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items. The Company reported Adjusted EBITDA (a non-GAAP financial measure) of approximately $50.6 million which includes a $10.9 million expense related to cash settlement of the Company’s equity-based incentive awards and an Adjusted Loss (a non-GAAP financial measure) of $39.1 million for the first quarter 2017, the latter of which excludes $41.8 million in non-cash mark-to-market gains related to hedging activities and $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items.  This quarter’s results compares to Adjusted EBITDA of approximately $64.1 million and an Adjusted Loss of approximately $18.2 million reported in the first quarter 2016.  Adjusted EBITDA and Adjusted Earnings (Loss) are non-GAAP financial measures defined in the tables included with today’s news release. On a GAAP basis, the Company reported general and administrative (“G&A”) expenses of $67.5 million. Included in G&A expenses is $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items, $12.1 million of non-cash equity compensation, and $10.9 million associated with cash settled, equity-linked performance awards that vest periodically in accordance with the terms of the Company’s equity-based incentive awards.  Excluding these amounts, G&A expenses during the first quarter 2017 were approximately $20.4 million, which the Company believes is more reflective of its baseline G&A expense. For the year, the Company now expects its G&A to be in the range of $3.00 - $3.50 per Boe. However as production ramps up, the Company expects G&A costs per unit of production to materially decline and be in the range of $2.00 - $2.50 per Boe in the second half of the year. The Company hedged an additional 4,000 barrels per day starting in the second quarter 2017 through the end of 2019 at an average swap price of $50.10 per barrel.  Additionally, the Company layered in 50,000 MMBtus per day of gas in 2018 at an average swap price of $3.04 per MMBtu.  More information on the Company’s hedge positions can be found in the Company’s Investor Presentation posted at www.sanchezenergycorp.com. LIQUIDITY AND CREDIT FACILITY As of March 31, 2017, the Company had liquidity of approximately $565 million, which consisted of approximately $125 million in cash and cash equivalents, an undrawn Sanchez Energy revolving credit facility with a borrowing base of $350 million and an elected commitment amount of $300 million, and $140 million of available capacity under a subsidiary-level (non-recourse to Sanchez Energy) revolving credit facility with a borrowing base of $330 million. As of March 31, 2017, the Company had approximately 81.9 million common shares outstanding.  Assuming all Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock were converted, total outstanding common shares as of March 31, 2017 would have been approximately 94.4 million.  For the three months ended March 31, 2017, the weighted average number of unrestricted common shares used to calculate net loss attributable to common stockholders per common share, basic and diluted, which are determined in accordance with GAAP, was 69.7 million. Sanchez Energy will host a conference call for investors on Tuesday, May 9, 2017, at 1:00 p.m. Central Time (2:00 p.m. Eastern Time).  Interested investors can listen to the call via webcast, both live and rebroadcast, over the Internet at: http://edge.media-server.com/m/p/c7dxdxj7/lan/en. Sanchez Energy Corporation (NYSE:SN) is an independent exploration and production company focused on the acquisition and development of U.S. onshore unconventional oil and natural gas resources, with a current focus on the Eagle Ford Shale in South Texas where, as of March 31, 2017, the Company has assembled approximately 360,000 net acres. For more information about Sanchez Energy Corporation, please visit our website:  www.sanchezenergycorp.com. This press release contains, and our officers and representatives may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements relating to the expected financial and operational results of the Company, the expected synergies and benefits related to the Comanche Transaction, and the Company’s G&A expenses for the remainder of the year. These statements are based on certain assumptions made by the Company based on management's experience, perception of historical trends and technical analyses, current conditions, anticipated future developments and other factors believed to be appropriate and reasonable by management.  When used in this press release, the words "will," "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future," or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, including, but not limited to the failure of acquired assets, including the Comanche assets, and our joint ventures to perform as anticipated, failure or delays on the part of our joint venture partners, failure to continue to produce oil and gas at historical rates, costs of operations, delays, and any other difficulties related to producing oil or gas or completing our ongoing joint venture projects, the price of oil or gas, marketing and sales of produced oil and gas, estimates made in evaluating reserves, competition, general economic conditions and the ability to manage our growth, our expectations regarding our future liquidity, our expectations regarding the results of our efforts to improve the efficiency of our operations to reduce our costs and other factors described in the Company’s most recent Annual Report on Form 10-K and any updates to those risk factors set forth in the Company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Further information on such assumptions, risks and uncertainties is available in Sanchez Energy's filings with the U.S. Securities and Exchange Commission (the "SEC").  The Company’s filings with the SEC are available on our website at www.sanchezenergycorp.com and on the SEC's website at www.sec.gov. In light of these risks, uncertainties and assumptions, the events anticipated by the Company's forward-looking statements may not occur, and, if any of such events do occur, Sanchez Energy may not have correctly anticipated the timing of their occurrence or the extent of their impact on its actual results. Accordingly, you should not place any undue reliance on any of the Company's forward-looking statements.  Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Adjusted EBITDA is a non‑GAAP financial measure that is used as a supplemental financial measure by our management and by external users of our financial statements, such as investors, commercial banks and others, to assess our operating performance as compared to that of other companies in our industry, without regard to financing methods, capital structure or historical costs basis. It is also used to assess our ability to incur and service debt and fund capital expenditures.  Our Adjusted EBITDA should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Our Adjusted EBITDA may not be comparable to similarly titled measures of another company because all companies may not calculate Adjusted EBITDA in the same manner.  The following table presents a reconciliation of our net loss to Adjusted EBITDA (in thousands). We present Adjusted Earnings (Loss) attributable to common stockholders (“Adjusted Earnings (Loss)”) in addition to our reported net income (loss) in accordance with U.S. GAAP. This information is provided because management believes exclusion of the impact of the items included in our definition of Adjusted Earnings (Loss) below will help investors compare results between periods, identify operating trends that could otherwise be masked by these items and highlight the impact that commodity price volatility has on our results.  Adjusted Earnings (Loss) is not intended to represent cash flows for the period, nor is it presented as a substitute for net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP.  The following table presents a reconciliation of our net income (loss) to Adjusted Earnings (Loss) (in thousands, except per share data): We present Adjusted Revenue in addition to our reported Revenue in accordance with U.S. GAAP. The Company defines Adjusted Revenue as follows: total revenues plus cash settled derivatives. The Company believes Adjusted Revenue provides investors with helpful information with respect to the performance of the Company's operations and management uses Adjusted Revenue to evaluate its ongoing operations and for internal planning and forecasting purposes. See the table below which reconciles Adjusted Revenue and total revenues.


News Article | May 9, 2017
Site: globenewswire.com

HOUSTON, May 09, 2017 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN), today announced operating and financial results for the first quarter 2017.  Highlights include: “During the first quarter 2017, we closed the transformational Comanche Transaction, which provides us with tremendous growth opportunities now and for many years to come,” said Tony Sanchez, III, Chief Executive Officer of Sanchez Energy. “Upon closing, we immediately ramped up activity on the Comanche assets through the seamless transition of operations.   In support of our operations ramp up at Comanche, we contracted major services, including drilling rigs, pressure pumping and sand.  These fixed price arrangements allow us to maintain our cost structure and de-bundled approach to procurement despite current upward price pressure on the services market.  When combined with our active hedging program, we have taken significant strides toward securing attractive operating margins for several years to come. “Importantly, our rapid integration of the Comanche assets during the first quarter has already produced positive results with initial production from the first nine DUC wells on-line in only 45 days.  These relatively short lateral length (~4,400 ft.) DUC wells are exceeding production expectations with 24 hour rates on several wells in excess of 1,000 Boe/d. Normalized for lateral length, these wells are averaging in excess of 20% above the forecasted initial production rate and are significantly more oil-weighted than our modeled type curve.   Additionally, we have seen incremental upside from low cost workovers that enabled us to restart production from 13 previously shut-in wells.  These high rate of return projects have added over 2,100 gross Boe/d of production at a total gross cost of approximately $1.2 million.  We are currently running three drilling rigs, four frac spreads, and seven workover rigs at Comanche, with plans to add two additional drilling rigs in the second quarter 2017. “In addition to assuming operations at Comanche, the Company brought 14 horizontal wells on-line in the South-Central region of Catarina at the end of the first quarter.  These wells were completed with 60 percent more proppant and fluids compared to our standard design. The completion method was changed to use 3,000 pounds of proppant per lateral foot and is the result of positive tests conducted in this area over the last year.  These 14 South-Central wells, which are shorter than our standard lateral length by ~1,000 ft., averaged a 30-day production rate of 1,050 Boe/d, in-line with our South-Central Type Curve.  The wells are maintaining very good pressures and relatively flat production profiles. Based on the results of the previous testing, we anticipate the new completion design will result in a flatter decline profile, which is forecasted to be approximately 25 percent better than our standard completion work after six months of operation.  We view the production results as confirming our inventory expectations in the South-Central area of Catarina and are currently in the process of drilling additional appraisal wells on the next two development rows north of the E33 pad that are intended to prove out additional locations for future drilling programs. “First quarter 2017 financial results were reduced by one-time costs related to the Comanche Transaction as well as an increase in our operating expenses as we ramped up operational capabilities to integrate the Comanche assets.  Because the acquisition closed on March 1, 2017, these expenses were paired with only one month of revenue from the Comanche assets.  With current production levels up over 46 percent from the first quarter 2017 average production, we expect operating cash flow and margins to increase through the remainder of the year as we phase into a more normalized operations pace.” During the first quarter 2017, the Company spud 33 gross (28.8 net) wells and completed 19 gross (16 net) wells. At Maverick, the Company currently has two drilling rigs operating on the Hausser lease with completion activity scheduled to begin early in the third quarter 2017. Drilling costs at Catarina during the first quarter 2017 averaged approximately $1.5 million, while completion costs increased to $2.4 million, largely as a result of the 60 percent increase in proppant and fluids. The total average well cost of approximately $3.9 million is in-line with the Company’s inflation expectations, when adjusted for the increased proppant loading. During the first quarter 2017, the Company brought 14 wells on-line at Catarina.  As of March 31, 2017, the Company had drilled 69 wells towards its 50 well annual commitment at Catarina, which runs from July 1, 2016 to June 30, 2017.  Accordingly, the Company has already banked 19 wells toward next year’s annual drilling commitment and is on pace to achieve a 30 well bank by June 30, 2017. As of March 31, 2017, the Company had 2,060 gross (821 net) producing wells with 169 gross wells in various stages of completion, 132 of those being DUCs acquired in the Comanche Transaction.  Well counts detailed by asset in the following table: The Company’s production mix during the first quarter 2017 consisted of approximately 33 percent oil, 29 percent natural gas liquids (“NGL”), and 38 percent natural gas.  By asset area, Catarina, Comanche, Marquis, Maverick, and Palmetto/TMS/Other comprised approximately 69 percent, 19 percent, four percent, six percent, and two percent, respectively, of the Company’s total first quarter 2017 production volumes. Revenues of approximately $134 million during the first quarter 2017 were up 68 percent compared to the first quarter 2016.  Hedge settlements resulted in a $2.9 million loss for the first quarter 2017.  Commodity price realizations during the first quarter 2017, including the impact of derivative instrument settlements, were $47.26 per barrel (“Bbl”) of oil, $19.77 per Bbl of NGL and $2.93 per thousand cubic feet (“Mcf”) of natural gas. Production, average sales prices, and operating costs and expenses per barrel of oil equivalent (“Boe”) for the first quarter 2017 are summarized in the following table: Cash outflows for capital expenditures during the first quarter 2017 totaled approximately $88.1 million.  The Company spent approximately 89 percent of its capital expenditures on drilling, completion, infrastructure, and geology and geophysics activities, and 11 percent related to leasing and business development expenditures. On a GAAP basis, the Company reported a net loss attributable to common stockholders of $12.5 million for the first quarter 2017, which includes non-cash mark-to-market gains related to hedging activities of $41.8 million and $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items. The Company reported Adjusted EBITDA (a non-GAAP financial measure) of approximately $50.6 million which includes a $10.9 million expense related to cash settlement of the Company’s equity-based incentive awards and an Adjusted Loss (a non-GAAP financial measure) of $39.1 million for the first quarter 2017, the latter of which excludes $41.8 million in non-cash mark-to-market gains related to hedging activities and $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items.  This quarter’s results compares to Adjusted EBITDA of approximately $64.1 million and an Adjusted Loss of approximately $18.2 million reported in the first quarter 2016.  Adjusted EBITDA and Adjusted Earnings (Loss) are non-GAAP financial measures defined in the tables included with today’s news release. On a GAAP basis, the Company reported general and administrative (“G&A”) expenses of $67.5 million. Included in G&A expenses is $24.1 million in one-time costs related to the Comanche Transaction and other non-recurring items, $12.1 million of non-cash equity compensation, and $10.9 million associated with cash settled, equity-linked performance awards that vest periodically in accordance with the terms of the Company’s equity-based incentive awards.  Excluding these amounts, G&A expenses during the first quarter 2017 were approximately $20.4 million, which the Company believes is more reflective of its baseline G&A expense. For the year, the Company now expects its G&A to be in the range of $3.00 - $3.50 per Boe. However as production ramps up, the Company expects G&A costs per unit of production to materially decline and be in the range of $2.00 - $2.50 per Boe in the second half of the year. The Company hedged an additional 4,000 barrels per day starting in the second quarter 2017 through the end of 2019 at an average swap price of $50.10 per barrel.  Additionally, the Company layered in 50,000 MMBtus per day of gas in 2018 at an average swap price of $3.04 per MMBtu.  More information on the Company’s hedge positions can be found in the Company’s Investor Presentation posted at www.sanchezenergycorp.com. LIQUIDITY AND CREDIT FACILITY As of March 31, 2017, the Company had liquidity of approximately $565 million, which consisted of approximately $125 million in cash and cash equivalents, an undrawn Sanchez Energy revolving credit facility with a borrowing base of $350 million and an elected commitment amount of $300 million, and $140 million of available capacity under a subsidiary-level (non-recourse to Sanchez Energy) revolving credit facility with a borrowing base of $330 million. As of March 31, 2017, the Company had approximately 81.9 million common shares outstanding.  Assuming all Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock were converted, total outstanding common shares as of March 31, 2017 would have been approximately 94.4 million.  For the three months ended March 31, 2017, the weighted average number of unrestricted common shares used to calculate net loss attributable to common stockholders per common share, basic and diluted, which are determined in accordance with GAAP, was 69.7 million. Sanchez Energy will host a conference call for investors on Tuesday, May 9, 2017, at 1:00 p.m. Central Time (2:00 p.m. Eastern Time).  Interested investors can listen to the call via webcast, both live and rebroadcast, over the Internet at: http://edge.media-server.com/m/p/c7dxdxj7/lan/en. Sanchez Energy Corporation (NYSE:SN) is an independent exploration and production company focused on the acquisition and development of U.S. onshore unconventional oil and natural gas resources, with a current focus on the Eagle Ford Shale in South Texas where, as of March 31, 2017, the Company has assembled approximately 360,000 net acres. For more information about Sanchez Energy Corporation, please visit our website:  www.sanchezenergycorp.com. This press release contains, and our officers and representatives may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements relating to the expected financial and operational results of the Company, the expected synergies and benefits related to the Comanche Transaction, and the Company’s G&A expenses for the remainder of the year. These statements are based on certain assumptions made by the Company based on management's experience, perception of historical trends and technical analyses, current conditions, anticipated future developments and other factors believed to be appropriate and reasonable by management.  When used in this press release, the words "will," "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future," or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, including, but not limited to the failure of acquired assets, including the Comanche assets, and our joint ventures to perform as anticipated, failure or delays on the part of our joint venture partners, failure to continue to produce oil and gas at historical rates, costs of operations, delays, and any other difficulties related to producing oil or gas or completing our ongoing joint venture projects, the price of oil or gas, marketing and sales of produced oil and gas, estimates made in evaluating reserves, competition, general economic conditions and the ability to manage our growth, our expectations regarding our future liquidity, our expectations regarding the results of our efforts to improve the efficiency of our operations to reduce our costs and other factors described in the Company’s most recent Annual Report on Form 10-K and any updates to those risk factors set forth in the Company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Further information on such assumptions, risks and uncertainties is available in Sanchez Energy's filings with the U.S. Securities and Exchange Commission (the "SEC").  The Company’s filings with the SEC are available on our website at www.sanchezenergycorp.com and on the SEC's website at www.sec.gov. In light of these risks, uncertainties and assumptions, the events anticipated by the Company's forward-looking statements may not occur, and, if any of such events do occur, Sanchez Energy may not have correctly anticipated the timing of their occurrence or the extent of their impact on its actual results. Accordingly, you should not place any undue reliance on any of the Company's forward-looking statements.  Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Adjusted EBITDA is a non‑GAAP financial measure that is used as a supplemental financial measure by our management and by external users of our financial statements, such as investors, commercial banks and others, to assess our operating performance as compared to that of other companies in our industry, without regard to financing methods, capital structure or historical costs basis. It is also used to assess our ability to incur and service debt and fund capital expenditures.  Our Adjusted EBITDA should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Our Adjusted EBITDA may not be comparable to similarly titled measures of another company because all companies may not calculate Adjusted EBITDA in the same manner.  The following table presents a reconciliation of our net loss to Adjusted EBITDA (in thousands). We present Adjusted Earnings (Loss) attributable to common stockholders (“Adjusted Earnings (Loss)”) in addition to our reported net income (loss) in accordance with U.S. GAAP. This information is provided because management believes exclusion of the impact of the items included in our definition of Adjusted Earnings (Loss) below will help investors compare results between periods, identify operating trends that could otherwise be masked by these items and highlight the impact that commodity price volatility has on our results.  Adjusted Earnings (Loss) is not intended to represent cash flows for the period, nor is it presented as a substitute for net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP.  The following table presents a reconciliation of our net income (loss) to Adjusted Earnings (Loss) (in thousands, except per share data): We present Adjusted Revenue in addition to our reported Revenue in accordance with U.S. GAAP. The Company defines Adjusted Revenue as follows: total revenues plus cash settled derivatives. The Company believes Adjusted Revenue provides investors with helpful information with respect to the performance of the Company's operations and management uses Adjusted Revenue to evaluate its ongoing operations and for internal planning and forecasting purposes. See the table below which reconciles Adjusted Revenue and total revenues.


Dr. John A. Francis Recognized as a Professional of the Year by Strathmore's Who's Who Worldwide Publication Lees Summit, MO, May 12, 2017 --( About Dr. John A. Francis Dr. Francis is the President and Medical Director of Kansas City Psychiatric & Psychological Services, LLC. KCPPS is a multidisciplinary mental health facility providing an intense outpatient mental health program in Lees Summit, Missouri. With 14 years experience, he oversees the practice and teaches medical students. Dr. Francis provides psychiatric treatment to children, adolescents, and adults. He has specialized training and expertise in treating PTSD, OCD, and severe persistent mental illness of many varieties. He is Board Certified in Psychiatry and affiliated with the American Psychiatric Association. Since starting in private practice, Dr. Francis has endeavored to make patient care effectual, practical and affordable. In 2007, along with his therapist partner, he formed KCPPS which has been a regional leader in innovative treatments and a leader in implementing contemporary and cost effective treatment models. Their Intensive Outpatient Programs have, since their inception, utilized a “therapy first” model, highlighting the paramount importance of the therapist in the patient’s overall treatment. Their IOP modules address Dual Diagnosis, Adolescents, Women’s Issues, and Adult General Psychopathology Treatment Groups. Their outcomes-based programs are internationally certified through the Commission on Accreditation of Rehabilitation Facilities (CARF), and are preferred programs for many local insurance companies. Because they are not a hospital-based program, they provide care at the Intensive Outpatient level of care at half the cost of hospital-based programs. In April 2011, KCPPS obtained their first Transcranial Magnetic Stimulation (TMS) device, the first in Kansas City, and in the state of Missouri. Along with treating depression, they have pioneered the utilization of the device in the region for experimental use in treatment of anxiety, psychosis, and migraine headache. Furthermore, their facility has been the driving force behind the acceptance of TMS by regional insurance companies as a covered treatment, under most plans. Future projects for KCPPS include the creation of a day treatment program for PTSD which seeks to utilize exercise, EMDR, Bio-Feedback, TMS, relaxation training, and process groups to address civilian and military PTSD. Secondly, they plan to create a diabetes education and treatment module which utilizes the current American Diabetes Association treatment guidelines on multidisciplinary and psychosocial treatment of diabetes. Lastly, they are developing a novel approach to telemedicine. Born on March 25, 1973 in South Dakota, Dr. Francis obtained a D.O. from Kansas City University of Medicine in 2000. In his spare time he enjoys skiing and soccer. "Love is a medicine for the sickness of the world; a prescription often given, too rarely taken."-Dr. Karl Menninger For further information, contact About Strathmore’s Who’s Who Worldwide Strathmore’s Who’s Who Worldwide highlights the professional lives of individuals from every significant field or industry including business, medicine, law, education, art, government and entertainment. Strathmore’s Who’s Who Worldwide is both an online and hard cover publication where we provide our members’ current and pertinent business information. It is also a biographical information source for thousands of researchers, journalists, librarians and executive search firms throughout the world. Our goal is to ensure that our members receive all of the networking, exposure and recognition capabilities to potentially increase their business. Lees Summit, MO, May 12, 2017 --( PR.com )-- Dr. John A. Francis of Lees Summit, Missouri has been recognized as a Professional Of The Year for 2017 by Strathmore’s Who’s Who Worldwide for his outstanding contributions and achievements in the field of healthcare.About Dr. John A. FrancisDr. Francis is the President and Medical Director of Kansas City Psychiatric & Psychological Services, LLC. KCPPS is a multidisciplinary mental health facility providing an intense outpatient mental health program in Lees Summit, Missouri. With 14 years experience, he oversees the practice and teaches medical students. Dr. Francis provides psychiatric treatment to children, adolescents, and adults. He has specialized training and expertise in treating PTSD, OCD, and severe persistent mental illness of many varieties. He is Board Certified in Psychiatry and affiliated with the American Psychiatric Association.Since starting in private practice, Dr. Francis has endeavored to make patient care effectual, practical and affordable. In 2007, along with his therapist partner, he formed KCPPS which has been a regional leader in innovative treatments and a leader in implementing contemporary and cost effective treatment models. Their Intensive Outpatient Programs have, since their inception, utilized a “therapy first” model, highlighting the paramount importance of the therapist in the patient’s overall treatment. Their IOP modules address Dual Diagnosis, Adolescents, Women’s Issues, and Adult General Psychopathology Treatment Groups. Their outcomes-based programs are internationally certified through the Commission on Accreditation of Rehabilitation Facilities (CARF), and are preferred programs for many local insurance companies. Because they are not a hospital-based program, they provide care at the Intensive Outpatient level of care at half the cost of hospital-based programs. In April 2011, KCPPS obtained their first Transcranial Magnetic Stimulation (TMS) device, the first in Kansas City, and in the state of Missouri. Along with treating depression, they have pioneered the utilization of the device in the region for experimental use in treatment of anxiety, psychosis, and migraine headache. Furthermore, their facility has been the driving force behind the acceptance of TMS by regional insurance companies as a covered treatment, under most plans.Future projects for KCPPS include the creation of a day treatment program for PTSD which seeks to utilize exercise, EMDR, Bio-Feedback, TMS, relaxation training, and process groups to address civilian and military PTSD. Secondly, they plan to create a diabetes education and treatment module which utilizes the current American Diabetes Association treatment guidelines on multidisciplinary and psychosocial treatment of diabetes. Lastly, they are developing a novel approach to telemedicine.Born on March 25, 1973 in South Dakota, Dr. Francis obtained a D.O. from Kansas City University of Medicine in 2000. In his spare time he enjoys skiing and soccer."Love is a medicine for the sickness of the world; a prescription often given, too rarely taken."-Dr. Karl MenningerFor further information, contact www.kcpps.org About Strathmore’s Who’s Who WorldwideStrathmore’s Who’s Who Worldwide highlights the professional lives of individuals from every significant field or industry including business, medicine, law, education, art, government and entertainment. Strathmore’s Who’s Who Worldwide is both an online and hard cover publication where we provide our members’ current and pertinent business information. It is also a biographical information source for thousands of researchers, journalists, librarians and executive search firms throughout the world. Our goal is to ensure that our members receive all of the networking, exposure and recognition capabilities to potentially increase their business. Click here to view the list of recent Press Releases from Strathmore Worldwide


News Article | May 9, 2017
Site: www.prnewswire.com

"My team and I have been lucky enough to serve Arlington Heights and surrounding communities with quality dental care for 15 years," said Dr. Kics. "With this new facility, we'll be able to continue to deliver the highest levels of service, care and experience for many years to come." The decision to expand was made in 2015 when it became apparent that more space would be required to serve its existing and growing patient base. With strong ties to the community, the decision to stay in Arlington Heights was a simple one. Mayor Tom Hayes congratulated the Westgate Dental Care family on their decision to expand in the village. "Congratulations to Westgate Dental Care for getting to this point with their business," said Mayor Tom Hayes. "It is very exciting for me, as mayor, and for all of the board members to see a business reinvest in the Village of Arlington Heights. We wish you many, many years of great success at this new location." Westgate Dental Care locally sponsors numerous schools, sports teams and charitable organizations throughout the year. In addition, Westgate has provided over $80,000 in free dental care through Dentistry from the Heart, a program the practice has participated in annually since 2014, providing free dental care to individuals who would otherwise be unable to afford it. Located at 2900 W. Euclid Ave in the Esplanade at Arlington Heights Shopping Center, the new facility is a half mile from Illinois Route 53 and situated between the Arlington Downs development and Arlington Park. The new facility will span over 9000 sq. ft. across two stories – over seven times the size of the current storefront practice in downtown Arlington Heights. The building will feature a modern, ergonomic design as well as the latest in industry technology. Twenty patient treatment rooms will be complimented by a state-of-the-art lab and sterilization center as well as a dedicated conference and training center for professional growth and staff development. Treatment rooms are designed for rear-delivery dentistry which place clinical instruments behind the patient to decrease anxiety – something Westgate strives for. With the new facility, additional staff and specialized services such as oral surgery will be brought on-board to bring comprehensive dentistry under one roof. The building was designed by Design Ergonomics, Inc. and is being built by TMS Construction, Inc. Construction is expected to be completed in late 2017. For more information about the project, please contact Director of Marketing Jay Flynn at jay@westgatedentalcare.net or 847-873-7005. For more information about Westgate Dental Care or to schedule an appointment, please visit www.westgatedentalcare.net. Westgate Dental Care has served Arlington Heights and surrounding communities since 2002. Westgate Dental Care provides excellence in general, cosmetic and restorative dentistry for the entire family. Westgate caters to patients who are nervous, embarrassed or neglect their dental health by providing a lecture-free zone and a wide selection of comfort items. Westgate Dental Care was awarded the Daily Herald Readers' Choice Award for Best Dentist in 2015 & 2016 and was chosen as a Top Pick in 2017. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/westgate-dental-care-hosts-groundbreaking-ceremony-for-state-of-the-art-facility-300454414.html


CARY, N.C. & WASHINGTON--(BUSINESS WIRE)--MercuryGate International, Inc., a leader in Transportation Management System (TMS) solutions, and the Transportation Intermediaries Association (TIA) announced today their participation in, “Maintain A Competitive Edge in an Amazon World,” a webinar being hosted by DC Velocity magazine on May 22, 2017 at 2 p.m. EDT. During the webinar Robert Voltmann, President & CEO of TIA and Karen Sage, Chief Marketing Officer for MercuryGate, will share insights regarding strategies that enable companies to be successful in today’s rapidly-evolving business environment. “I am pleased to address a topic of increasing importance to the TIA membership, the companies they serve, and the entire transportation market. The influence of Amazon on customer expectations, regardless of the industry you serve, has had a profound impact on the whole industry,” said Voltmann. The webinar will focus on proactive supply chain strategies and solutions that enable shippers, carriers and intermediaries to maintain their competitiveness. “The growth of big data and other automation technology has equipped business with the tools to transform physical distribution. Technology is a powerful enabler of supply chain efficiency," said Sage. “I look forward to sharing some of these best practices and technology advances during the webinar.” “The world is changing rapidly, and the logistics sector that supports global commerce needs to be fully prepared and make the best use of enabling technologies in order to thrive,” said DC Velocity Publisher Gary Master. “We are thrilled to be able to share insights from thought leaders like Bob and Karen with our audience.” MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, freight forwarders, brokers and carriers. MercuryGate’s solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail and Intermodal. Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to improve transportation processes, increase customer satisfaction, and reduce costs. Find out why MercuryGate has set the industry standard for the most adaptable, comprehensive transportation solutions suite in the industry at www.mercurygate.com. Since 1978, the Transportation Intermediaries Association (TIA) has been recognized as the trusted voice of the $166.1 billion third-party logistics industry. TIA members are able to establish and protect, ethical, profitable, and growing businesses in service to their customers. TIA is the only organization exclusively representing transportation intermediaries of all disciplines, doing business in domestic and international commerce. TIA is the voice of transportation intermediaries to shippers, carriers, government officials, and international organizations. TIA is the United States member of the International Federation of Freight Forwarder Associations, FIATA.


News Article | May 9, 2017
Site: globenewswire.com

ATLANTA and LAS VEGAS, May 09, 2017 (GLOBE NEWSWIRE) -- Today, at its annual Momentum customer  conference, Manhattan Associates, Inc. (NASDAQ:MANH) announced the new Manhattan Active Supply Chain Solution suite. The suite introduces new innovations designed to increase warehouse throughput and help enterprises keep up with the pace of warehouse systems innovation. Visit http://www.manh.com/active for more information.  For years, warehouses have driven order processing efficiency by using a wave-based processing methodology that aggregates order volume and submits it to the distribution center in organized batches. Unfortunately, in environments where demand can be unpredictable and volatile, this approach can lead to peaks and valleys of activity, as waves are passed from warehouse function to function. The Manhattan Active Distribution Solution includes the first warehouse management system to fully embed an option for waveless order fulfillment technology. This dramatically increases asset utilization and improves facility output, enabling warehouse facilities to process both large shipments and individual consumer orders highly efficiently. Manhattan’s Order Streaming solution is unique in its ability to optimize both labor and equipment assets, and to work in either wave or waveless modes. “We believe the most effective distribution facilities will consist of innovative automation, enabled and engaged associates and intelligent software that orchestrates and optimizes all of those resources holistically,” said Brian Kinsella, Manhattan’s vice president of product management. “Order Streaming is the market’s first waveless outbound processing capability to be embedded directly into a WMS. We’re confident it will help our customers take a massive step forward in increasing the velocity of their outbound operations.” Manhattan’s Order Streaming solution has helped distributors dramatically improve warehouse throughput. For example, a major North American retailer doubled its ability to process expedited orders per day during peak season by eliminating picker wait times following the implementation of the Order Streaming system. Always-Current Technology Because warehouse management systems can be complex, process-centric solutions, keeping them current is often a challenge. As a result, many customers fall behind the technology curve and struggle to compete with their more technologically up-to-date competitors. To help solve this issue, Manhattan Associates is introducing a new Manhattan Active WM program. Manhattan’s annual subscription program ensures its customers are always using the most current version of its market-leading WMS software. Each subsequent version released to that customer comes complete with all of the customer’s business-specific extensions, upgraded data, workflows and configurations, as well as new Manhattan WMS functionality. Manhattan also announced Manhattan TMS Mobile, a new mobile app to more easily enable its customers to connect and engage small to medium sized trucking firms. Part of the Manhattan Active Transportation suite, the software enables real-time shipment tracking, freight management, shipment status updates and network operations monitoring via an in-cab mobile device. Receive up-to-date product, customer and partner news directly from Manhattan Associates on Twitter and Facebook. About Manhattan Associates Manhattan Associates is a technology leader in supply chain and omni-channel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers. Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omni-channel marketplace. For more information, please visit www.manh.com.


EDAP Announces Ablatherm Fusion World Premiere during American Urology Association Annual Meeting in Boston, MA, May 12-16, 2017 EDAP to Showcase Ablatherm Fusion and Sonolith i-move at AUA Booth #130 LYON, France, May 11, 2017 -- EDAP TMS SA (Nasdaq:EDAP), the global leader in therapeutic ultrasound, announced today that it will demonstrate capabilities of its range of products including Ablatherm® Robotic HIFU and Sonolith i-move lithotripter on booth #130 at the American Urology Association ("AUA") Annual Meeting, to be held May 12-16, 2017 in Boston, MA. Live demonstrations will be conducted by experts from world-class US and International academic centers throughout the meeting. Key opinion leaders and experts will be participating in sessions where HIFU technology will be discussed and clinical results of HIFU for ablation of the prostate presented. During AUA, EDAP will also present the world premiere of the Ablatherm® Fusion, the next generation of the Ablatherm Robotic HIFU device integrating EDAP's proprietary elastic fusion algorithm. This new device will allow urologists to import pre-treatment diagnostic information such as MRI images and 3D biopsy maps and merge them with the live ultrasound image during the procedure. This new, innovative device creates a distinct advantage positioning Ablatherm Robotic HIFU as the ideal device for prostate tissue ablation by increasing and improving its capacity to provide optimal patient treatment and to preserve patient quality of life. Marc Oczachowski, EDAP's Chief Executive Officer, commented: "We are thrilled to introduce this innovative product that enables novel therapeutic strategies for the ablation of prostate tissues. Additionally, this expansion to our range of HIFU offerings creates a new option for hospitals and urologists, allowing EDAP to serve a broader range of customers at a variety of price points." EDAP TMS SA markets today Ablatherm® for high-intensity focused ultrasound (HIFU) for prostate tissue ablation in the U.S. and for treatment of localized prostate cancer in the rest of the world. HIFU treatment is shown to be a minimally invasive and effective option for prostatic tissue ablation with a low occurrence of side effects. Ablatherm-HIFU is generally recommended for patients with localized prostate cancer (stages T1-T2) who are not candidates for surgery or who prefer an alternative option, or for patients who failed radiotherapy treatment. Ablatherm-HIFU is approved for commercial distribution in Europe and some other countries including Mexico and Canada, and has received 510(k) clearance by the U.S. FDA. Ablatherm Fusion is not yet available in the U.S. The Company also markets an innovative robot-assisted HIFU device, the Focal One®, dedicated to focal therapy of prostate cancer. Focal One® is CE marked but is not FDA cleared. The Company also develops its HIFU technology for the potential treatment of certain other types of tumors. EDAP TMS SA also produces and distributes medical equipment (the Sonolith® lithotripters' range) for the treatment of urinary tract stones using extra-corporeal shockwave lithotripsy (ESWL) in most countries including Canada and the U.S. For more information on the Company, please visit http://www.edap-tms.com, and http://www.hifu-planet.com. In addition to historical information, this press release may contain forward-looking statements. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties, including matters not yet known to us or not currently considered material by us, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among others, the clinical status and market acceptance of our HIFU devices and the continued market potential for our lithotripsy device. Factors that may cause such a difference also may include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission and in particular, in the sections "Cautionary Statement on Forward-Looking Information" and "Risk Factors" in the Company's Annual Report on Form 20-F.

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