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Pengrowth Keeps Dividend Steady

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Oil and gas producer Pengrowth Energy announced today its September dividend of $0.04 Canadian per share, the same rate it's paid for the past year after slashing the payout 43% from $0.07 per share.

The board of directors said the quarterly dividend is payable on September 16 to holders of record at the close of business on August 22. The dividend is equivalent to approximately U.S. $0.039 per share using a dollar exchange rate of $0.971. The actual U.S. dollar equivalent of the dividend will be based upon the actual exchange rate in effect on the payment date

The dividend is designated as an "eligible dividend" for Canadian income tax purposes and are also considered "qualified dividends" for U.S. income tax purposes..


The regular dividend payment equates to about a $0.47-per-share annual dividend, yielding 8.1% based on the closing price today of Pengrowth Energy's stock.

PGH Dividend Chart

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The article Pengrowth Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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What Fantasy Football Taught Me About Investing

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In this segment of The Motley Fool's financials-focused show, Where the Money Is, senior banking analyst Matt Koppenheffer reveals what he learned about investing from playing fantasy football. His pigskin-inspired rundown includes the reason you won't often find a serious bargain on Berkshire Hathaway stock, but can currently find a serious deal on AIG's .

The price of becoming the world's greatest investor is that Warren Buffett can no longer make many of types of investments that made him rich in the first place. Find out about one such opportunity in "The Stock Buffett Wishes He Could Buy." The free report details a sector of the economy Buffett's heavily invested in right now and exactly why he can't buy one attractive company in that sector. Click here to keep reading. 


The article What Fantasy Football Taught Me About Investing originally appeared on Fool.com.

Alison Southwick has no position in any stocks mentioned. Matt Koppenheffer owns shares of Berkshire Hathaway and American International Group. The Motley Fool recommends American International Group and Berkshire Hathaway. The Motley Fool owns shares of American International Group and Berkshire Hathaway and has the following options: long January 2014 $25 calls on American International Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Exelis Keeps Dividend Steady

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Aerospace and defense technology specialist Exelis announced today its third-quarter dividend of $0.1033 per share, the same rate it's paid since it began making a quarterly payout in 2011.

The board of directors said the quarterly dividend is payable on October 1 to holders of record at the close of business on August 30. The regular dividend payment equates to about a $0.41-per-share annual dividend, yielding 2.7% based on the closing price today of Exelis's stock.

XLS Dividend Chart


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The article Exelis Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Black Box Keeps Dividend Steady

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Communications specialist Black Box announced today its third-quarter dividend of $0.09 per share, the same rate it paid last month after raising the quarterly payout 12.5% from $0.08 per share.

The board of directors said the quarterly dividend is payable on October 11 to holders of record at the close of business on September 27. The regular dividend payment equates to a $0.36-per-share annual dividend, yielding 1.3% based on the closing price today of Black Box's stock.

BBOX Dividend Chart


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The article Black Box Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Avnet Initiates Quarterly Dividend

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Electronic components distributor Avent announced today that it is initiating a quarterly dividend program starting with a rate of $0.15 per share. The board of directors said the quarterly dividend is payable on September 20 to holders of record at the close of business on September 10. 

Noting that its success in growing the company has given it the financial wherewithal and flexibility to pay a dividend, Avnet CEO Rick Hamada said, "Given our confidence in and commitment to long-term shareholder value creation, we believe now is an appropriate time to incorporate a more consistent element of returning capital to shareholders in the form of a dividend."

The new dividend payment equates to a $0.60-per-share annual dividend, yielding 1.5% based on the closing price today of Avnet's stock.

The article Avnet Initiates Quarterly Dividend originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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STAG Industrials Sets Dividends

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Single-tenant industrial REIT STAG Industries announced today its third-quarter dividend of $0.30 per share, the same rate it's paid for the past two quarters after raising the payout 11% from $0.27 per share.

The board of directors said the quarterly dividend is payable on October 15 to holders of record at the close of business on September 30. The board also announced third-quarter dividends for two series of preferred shares. For its 9% Series A cumulative redeemable preferred stock that trades on the NYSE under the symbol STAG Pr A, the industrial REIT is making a payout of $0.5625 per share, which equates to $2.25 per share on an annualized basis. For its 6.625% Series B cumulative redeemable preferred stock, which trades on the NYSE under the symbol STAG Pr B, it is paying out $0.4140625 per share, which equates to $1.65625 per share on an annualized basis. 

The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 5.8% based on the closing price today of STAG Industries' stock.


STAG Dividend Chart

STAG Dividend data by YCharts.

The article STAG Industrials Sets Dividends originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Will Supermarkets Go the Way of Bookstores?

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It used to be you could hit a bookstore wherever you threw a rock. There was B. Dalton's, Doubleday, and Waldenbooks, Barnes & Noble and Scribner's, Borders and Brentano's. Then came the wave of the megalithic superstores that drove out the smallest booksellers and led to industry consolidation. 

B. Dalton, Doubleday, and Scribners all became a part of B&N and disappeared. Borders bought out Waldenbooks where Brentano's become a subsidiary. And then there were two, just B&N and Borders, which battled the rise of a little upstart called Amazon. com that ended up forever changing how books -- and almost everything else -- would be sold. Borders, as we know, eventually went bankrupt and Barnes & Noble now teeters on the brink. 

It's a cautionary tale that's getting played out in other industries, too. Just look at consumer electronics where Sixth Avenue Electronics and Circuit City are no more while Best Buy struggles to remain relevant, let alone solvent.


Could your local supermarket be the next victim of the e-commerce trend? It may seem far-fetched at the moment, but so did the thought of buying books and big-screen TVs online at one time.

Online sales of groceries are expected to soar at a compounded growth rate of more than 12% annually between now and 2017, while the traditional grocery store will barely inch 0.2% higher, even as their total footprint increases.

A recent survey by market researchers at Willard Bishop suggests that we're going to see an explosion of e-commerce grocery stores such as Amazon, Peapod, and even more traditional supermarkets get into online grocery store sales.

Peapod, which is owned by Stop & Shop parent Ahold, was one of the originators of the concept. For a fee, you can buy your groceries at your local supermarket and have them delivered to your house. It's now also exploring curbside pickup . The so-called "click and collect" is one that is expanding not only in the U.S. but globally as well, and Amazon has been installing lockers in convenience stores and other locations to thwart thieves who follow delivery trucks and steal packages, a concept that could easily be expanded for grocery delivery. Between delivery, click-and-collect, and  curbside pick-up, Willard Bishop sees the market for e-commerce shopping doubling over the next five years.

As my colleague Rick Munarriz recently noted, even supermarket titan Wal-Mart is sufficiently worried about Amazon's presence in grocery shopping that it has been expanding its own distribution and fulfillment center network. You're already able to do some grocery shopping at Wal-Mart's online store, but without access to the same broad assortment of goods that you'll find in store, it might limit the concept's attractiveness.

One grocer that might not have to worry yet about online shopping is Whole Foods Market , as the fresh-format concept is expanding at a rate that exceeds even that of e-commerce grocery shopping. Natural and organic food stores are expected to grow at a rate of better than 13% annually between now and 2017, a pace that is underscored by the recent IPO of Sprouts Farmers Market and Fairway Group Holdings earlier this year.

Unless and until traditional and e-commerce grocers refine their operations to make it a seamless experience for the consumer that negates having to still run to the store for fresh foods, expect Whole Foods to continue its dominance and growth. But this could be the first bell tolling the demise of the grocery store as we know it, just as we've seen occur elsewhere. Maybe someone will write a book about it one day.

The article Will Supermarkets Go the Way of Bookstores? originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Amazon.com and Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Rambus Announces Pricing of $120 Million Convertible Senior Notes Offering

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Rambus Announces Pricing of $120 Million Convertible Senior Notes Offering

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Rambus Inc. (NAS: RMBS) today announced the pricing of its offering of $120 million aggregate principal amount of its 1.125% Convertible Senior Notes due 2018 (the "Notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). Rambus has granted the initial purchasers a 30-day option to purchase up to an additional $18 million aggregate principal amount of the Notes on the same terms and conditions to cover over-allotments, if any. The offering is expected to close on August 16, 2013, subject to satisfaction of customary closing conditions.

The Notes will be unsecured, unsubordinated obligations of Rambus. Interest on the Notes will be paid semi-annually at a rate of 1.125% per annum, and the Notes will mature on August 15, 2018, unless earlier repurchased or converted. Holders may require Rambus to repurchase their Notes upon the occurrence of certain events that constitute a fundamental change under the indenture governing the Notes at a purchase price equal to the principal amount thereof plus accrued and unpaid interest to, but excluding, the repurchase date. Rambus may not redeem the Notes prior to maturity.


Prior to May 15, 2018, the Notes will be convertible at the option of the holders only during certain periods upon the occurrence of specified events, and thereafter until the close of business on the second scheduled trading day immediately preceding the maturity date, the Notes will be convertible at the option of the holders at any time. The Notes will be convertible, subject to certain conditions, into cash up to the aggregate principal amount of the Notes to be converted, and any excess conversion value will be convertible into cash, shares of common stock or a combination of cash and shares of common stock, at Rambus' election. The initial conversion rate will be 82.8329 shares of common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $12.07 per share of common stock, subject to adjustment in certain circumstances. This initial conversion price represents a premium of approximately 37.5% relative to the last reported sale price of Rambus' common stock of $8.78 per share on August 12, 2013.

Rambus intends to use the net proceeds of the offering for working capital and other general corporate purposes, which may include financing potential acquisitions and strategic transactions and repayment of indebtedness, including Rambus' 5% convertible senior notes due 2014.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. Any offer of the securities will be made only by means of a private offering memorandum. The Notes and the shares of common stock issuable upon conversion of the Notes, if any, will not be registered under the Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Act and applicable state laws.

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SchwartzMSL for Rambus Inc.
Darah Roslyn, 415-817-2519
rambus@schwartzmsl.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Rambus Announces Pricing of $120 Million Convertible Senior Notes Offering originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Heidelberg achieves significant improvement in result for first quarter of 2013/2014

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Heidelberg achieves significant improvement in result for first quarter of 2013/2014

  • Sales of EUR 504 million in line with expectations
  • Operating result excluding special items (EBITDA) some EUR 45 million better than in previous year at EUR -2 million
  • Free cash flow including payments for Focus 2012 at break-even (previous year: EUR -112 million)
  • Outlook remains unchanged: Aiming for net profit in financial year 2013/2014

HEIDELBERG, Germany--(BUSINESS WIRE)-- The new organization and the comprehensive range of cost-cutting measures are showing tangible results at Heidelberger Druckmaschinen AG (FWB: HDD). As expected, the company significantly improved its operating result in the first quarter of financial year 2013/2014 (April 1 to June 30, 2013), which puts it on the right track for meeting its target of a positive net result for the year.

"The substantial increase in our operating result makes us confident that we will record a profit for the year as a whole," said Heidelberg CEO Gerold Linzbach. "In order to achieve this, we are systematically pressing ahead with our strategic reorganization so as to further improve our margins for new machine sales in the future and adapt our cost structures to the market situation on an ongoing basis," he added.


Group sales in the first quarter were in line with expectations at EUR 504 million, despite being around 3 percent down on the figure for the same quarter of the previous year (EUR 520 million). Sales fell slightly in all three segments - Equipment, Services and Financial Services. In most regions, they matched the previous year's level. In the South America region, however, Brazil's continuing economic difficulties hit business hard.

As expected, results improved significantly in the first quarter thanks to sustained savings from Focus 2012 and higher profit contributions for new equipment. What's more, the previous year's results had been burdened by trade show expenditures. EBITDA excluding special items improved considerably from EUR -47 million to EUR -2 million. At EUR -20 million, the result of operating activities (EBIT) excluding special items clearly surpassed the previous year's figure of EUR -67 million. Special items in the reporting period totaled EUR 1 million (previous year: EUR 6 million). At EUR -12 million, the financial result for the first quarter remained stable at the previous year's level. Accordingly, the pre-tax result improved significantly from EUR -85 million to around EUR -33 million. Overall, the net loss in the first quarter of 2013/2014 was halved from the previous year's figure of EUR -76 million to EUR -38 million.

Incoming orders amounted to EUR 643 million in the reporting period. The far higher order volume of EUR 890 million in the same quarter of the previous year can be explained by the industry trade show drupa, which took place in May 2012. The China Print trade show in May this year went well, but coincided with a reluctance to invest in the Europe, Middle East and Africa region and the South America region, especially in Brazil. At EUR 602 million, the order backlog at June 30, 2013 was 20 percent up on the figure for the previous quarter (EUR 502 million).

Free cash flow, including payments for Focus totaling EUR 31 million, at break-even; net debt at the same level

Thanks to the continuation of comprehensive asset management and the net working capital program, the free cash flow reached break-even in the first quarter. This was a sizable improvement of around EUR 112 million compared to the figure for the same quarter of the previous year.

Thanks to the free cash flow breaking even, at EUR 258 million net debt remained at almost the same level as at financial year-end 2012/2013 and did so despite further payments for Focus 2012 amounting to some EUR 31 million in the first quarter.

"Thanks to systematic asset management over the past four years, we have succeeded in also covering our restructuring costs with the free cash flow. This has enabled Heidelberg to keep its net debt at a low level," said CFO Dirk Kaliebe. "With the recent successful convertible bond issue and our existing bond, the majority of our debt is now covered by long-term capital market instruments. This places Heidelberg on a sound financial footing," he added.

By issuing a convertible bond in July 2013, Heidelberg further diversified its financing structure in terms of both financing sources and maturity profile. The EUR 60 million convertible bond matures in July 2017. Issuing it enabled the company to further reduce its syndicated credit line to around EUR 416 million.

As expected, due to the net loss for the quarter, equity at June 30, 2013 had decreased by € 37 million to € 364 million compared to the level recorded at March 31, 2013. The equity ratio was 16 percent (previous year: 17 percent). Along with the planned return to profitability, Heidelberg is endeavoring to achieve a sustainable improvement in its equity ratio in the medium term.

As planned, the workforce as of June 30, 2013 fell to 13,669 (same quarter of the previous year: 14,899). The aim is to reduce the Group's headcount to less than 13,500 by mid-2014 at the latest.

Outlook remains unchanged: Aiming for net profit in financial year 2013/2014

The outlook for financial year 2013/2014 and the subsequent years remains unchanged. Economic uncertainties and risks persist, especially in the emerging markets of China and Brazil that are important to Heidelberg. As in previous years, Heidelberg is expecting its sales to pick up in the second half of the financial year. Accordingly, the company's aim is to match the previous year's Group sales in financial year 2013/2014 as a whole. The expected distribution of sales between the first and second half of the year will also influence the operating result in the course of the year. This was still negative in the first quarter but nevertheless was a big improvement on the figure for the previous year. The company expects the result of operating activities excluding special items to continue to improve over the coming quarters and be considerably higher for the year as a whole than in the previous year. Further one-time expenses for Focus 2012 will be incurred during the current financial year. The financial result will be slightly better than in the previous year. With the measures it has introduced, the company still aims at achieving a net profit in financial year 2013/2014.

The report on the first quarter of financial year 2013/2014, image material, and further information about the company can be accessed at www.heidelberg.com.

Next dates:

The figures for the second quarter 2013/2014 are due to be published on November 5, 2013.

Important note:

This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.

anImage


Heidelberger Druckmaschinen AG
Corporate Public Relations
Thomas Fichtl
Phone: +49 6221 92-5900
Fax: +49 6221 92-5088
thomas.fichtl@heidelberg.com
or
Investor Relations
Robin Karpp
Phone: +49 (0)6221- 92 6020
Fax: +49 (0)6221- 92 5189
robin.karpp@heidelberg.com

KEYWORDS:   Europe  Germany

INDUSTRY KEYWORDS:

The article Heidelberg achieves significant improvement in result for first quarter of 2013/2014 originally appeared on Fool.com.

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Dentsu Reports Consolidated Financial Results for the Three Months Ended June 30, 2013 (Japanese GAA

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Dentsu Reports Consolidated Financial Results for the Three Months Ended June 30, 2013 (Japanese GAAP)

TOKYO--(BUSINESS WIRE)-- Dentsu Inc. (TOKYO:4324)(ISIN:JP3551520004)(President & CEO: Tadashi Ishii; Head Office: Tokyo; Capital: 71,204.7 million yen) today convened a meeting of its Board of Directors at its Head Office in Tokyo at which it finalized its consolidated and non-consolidated financial results for the three months ended June 30, 2013 (April 1-June 30, 2013).

The Dentsu Group posted consolidated billings (net sales) of 514,229 million yen (14.9% year-on-year increase); gross profit of 122,882 million yen (60.7% increase); operating loss of 717 million yen (operating income of 9,571 million yen was posted for the same period of the previous fiscal year); operating income before amortization of goodwill and intangible assets of 10,032 million yen (4.9% decrease); ordinary income of 1,450 million yen (87.4% decrease); and net loss of 3,698 million yen (net income of 5,886 million yen was posted for the same period of the previous fiscal year).


Since the results for the first quarter were generally in line with expectations, no changes have been made to the forecast of consolidated financial results for the first half ending September 30, 2013 and fiscal year ending March 31, 2014, which was announced on May 14, 2013.

Summary of financial results for the three months ended June 30, 2013
During the first quarter of the fiscal year ending March 31, 2014, the global economy remained uncertain due to concerns about the prolonged European government debt crisis as well as the slowdown in economic growth seen in China, although economic recovery is picking up steam in the United States. With regard to Japan, thanks to economic measures taken by the government which led to a rapid weakening of the yen and higher stock prices, Japan's business and consumer confidence showed signs of improvement.

Under such circumstances, following the completion of the acquisition of Aegis Group plc (hereinafter "Aegis") in March 2013, which marked a new beginning for the expanded Dentsu Group as a truly global player operating in 110 countries across the globe, the Group set a new medium-term management plan "Dentsu 2017 and Beyond" which starts from FY2013 and goes through to FY2017. The Group aims to become a next-generation agency network that provides unparalleled value through its unique capabilities, creating new marketing communications that go beyond the framework of existing advertising business. In addition to building a network that supports its clients' businesses worldwide, the Group will develop and provide integrated solutions that lead the digital age, as well as achieve sustainable growth and increase profitability in the Japanese market, the Group's strongest base.

From the first quarter of the fiscal year ending March 31, 2014, Aegis's results have been included in the Dentsu Group's Consolidated Statements of Income. As a result, for the three months ended June 30, 2013, the Group posted consolidated billings (net sales) of 514,229 million yen, an increase of 14.9% compared with the same period of the previous fiscal year, and gross profit of 122,882 million yen, an increase of 60.7%. From a seasonal perspective, the consolidated billings and gross profit for the first and third quarters tend to be lower than those for the second and fourth quarters, and since the amounts assigned to goodwill and intangible assets are amortized in equal proportions each quarter, for the first quarter the Group posted operating loss of 717 million yen (operating income of 9,571 million yen was posted for the same period of the previous fiscal year); ordinary income of 1,450 million yen, a decrease of 87.4%; and net loss of 3,698 million yen (net income of 5,886 million yen was posted for the same period of the previous fiscal year). Operating income before amortization of goodwill and intangible assets came to 10,032 million yen, a decrease of 4.9%. Operating income before amortization of goodwill and intangible assets comprises the operating income figure to which has been added the amortization of goodwill incurred through acquisitions (including the acquisition of Aegis) and other intangible assets.

Since the purchase price allocation relating to the acquisition of Aegis had not been completed by June 30, the last day of the first quarter, the goodwill that was amortized for the first quarter was the amount calculated on a provisional basis using the straight-line method over a period of 20 years.

Looking at the results by business segment, in the Advertising segment net sales of 501,221 million yen, an increase of 15.3% compared with the same period of the previous fiscal year; gross profit of 118,595 million yen, an increase of 68.2%; and segment loss of 652 million yen (segment income of 9,172 million yen was posted for the same period of the previous fiscal year) were posted. In the Information Services segment, net sales of 14,134 million yen, an increase of 0.4%; gross profit of 3,948 million yen, a decrease of 5.0%; and segment loss of 742 million yen (segment loss of 486 million yen was posted for the same period of the previous fiscal year) were posted. In the Other Business segment, net sales of 3,660 million yen, a decrease of 12.2%; gross profit of 872 million yen, a decrease of 8.4%; and segment income of 221 million yen, a decrease of 39.0%, were posted.

By geographic area, gross profit of 67,150 million yen, an increase of 6.3% compared with the same period of the previous fiscal year, and operating income of 9,507 million yen, an increase of 7.5%, were posted in Japan. In other countries, gross profit of 56,102 million yen, an increase of 320.1%, and operating loss of 10,078 million yen (operating income of 590 million yen was posted for the same period of the previous fiscal year) were posted.

From the 2013 fiscal year onward, gross profit has been specified as one of the Group's business management indicators. Accordingly, gross profit figures will be used in its disclosures of results by business segment and geographical area from the first quarter onward.

Regarding Dentsu Group companies with a December 31 closing date, including subsidiaries in countries other than Japan, their financial results for the three months from January 1 to March 31, 2013 are, as a general rule, incorporated in the consolidated financial results for the three months ended June 30, 2013.

Dentsu posted non-consolidated billings (net sales) of 350,246 million yen, an increase of 4.4% compared with the same period of the previous fiscal year; gross profit of 47,889 million yen, an increase of 7.2%; operating income of 8,060 million yen, an increase of 3.3%; ordinary income of 15,578 million yen, an increase of 20.1%; and net income of 10,619 million yen, an increase of 31.5%.

Reference: Scope of Consolidated Financial Results
As of June 30, 2013, the Dentsu Group includes 658 consolidated subsidiary companies and 56 affiliated companies accounted for by the equity method. 93 of these companies are located in Japan and 621 in countries other than Japan. By business segment, 692 of these companies fall into the Advertising segment, 16 into the Information Services segment, and 6 into the Other Business segment.

Outlook for the first half ending September 30, 2013 and the fiscal year ending March 31, 2014
Since the results for the first quarter were generally in line with expectations, no changes have been made to the forecast of consolidated financial results for the first half ending September 30, 2013 and fiscal year ending March 31, 2014, which was announced on May 14, 2013.

Millions of yen

FY 2013
(from April 1, 2013
to
March 31, 2014)

 

Three
months
ended
June 30,
2013

 

YoY
change
(%)

 

Forecast for
the six months
ending
Sept. 30, 2013

 

YoY
change
(%)

 

FY2013 forecast
(from
April 1, 2013
to
March 31, 2014)

 

YoY
change
(%)

Net sales 514,229 14.9 1,081,400 17.4 2,283,400 17.6
Gross profit 122,882 60.7 266,000 63.5 571,800 65.3
Operating income (loss) (717) - 13,800 (37.6) 58,500 0.1
Ordinary income 1,450 (87.4) 12,700 (35.8) 58,700 (0.6)
Net income (loss)   (3,698)   -   (2,300)   -   19,100   (47.4)
 

For reference

Millions of yen

FY 2013
(from April 1, 2013
to
March 31, 2014)

 

Three months
ended
June 30, 2013

 

YoY
change
(%)

 

Forecast for
the six months
ending
Sept. 30, 2013

 

FY2013 forecast
(from April 1, 2013
to
March 31, 2014)

Operating income
before amortization
of goodwill and
intangible assets

  10,032   (4.9)   34,500   100,100
 

Cautionary statement with respect to forward-looking statements
These business results forecasts have been made by Dentsu on the basis of currently available information, and hence involve potential risks and uncertainties. Consequently, actual business results may differ from the forecasts due to changes in various factors.

 

Consolidated Financial Results

for the Three Months Ended June 30, 2013

 

1. Summary of Consolidated Balance Sheets

 
 

(Millions of yen: Rounded down to the nearest one million yen)

As of
March 31,
2013

 

As of
June 30,
2013

 

% Change

ASSETS
Current assets 1,122,602 1,067,926 (4.9)
Noncurrent assets 1,082,966 1,134,003 4.7
Total assets 2,205,569 2,201,930 (0.2)
 
LIABILITIES
Current liabilities 1,317,554 1,167,293 (11.4)
Noncurrent liabilities 279,377 382,151 36.8
Total liabilities 1,596,931 1,549,445 (3.0)
 
NET ASSETS
Shareholders' equity 570,419 562,727 (1.3)
Accumulated other

comprehensive income

14,076 66,368 371.5
Minority interests 24,141 23,388 (3.1)
Total net assets 608,637 652,484 7.2
Total liabilities and net assets 2,205,569 2,201,930 (0.2)
 

2. Summary of Consolidated Statements of Income

 
 

(Millions of yen: Rounded down to the nearest one million yen)

Three months
ended
June 30, 2012

 

Three months
ended
June 30, 2013

  % Change
Net sales 447,469 514,229 14.9
Gross profit 76,481 122,882 60.7
Operating income (loss) 9,571 (717) -
Non-operating income 3,001 6,033 101.0
Non-operating expenses 1,076 3,866 259.3
Ordinary income 11,497 1,450 (87.4)
Extraordinary income 21 18 (16.1)
Extraordinary loss 1,262 1,880 49.0
Income (loss) before income taxes and minority interests 10,256 (412) -
Net income (loss) 5,886 (3,698) -
 

3. Summary of Consolidated Statements of Comprehensive Income

 
 

(Millions of yen: Rounded down to the nearest one million yen)

Three months
ended
June 30, 2012

 

Three months
ended
June 30, 2013

  % Change
Income (loss) before minority interests 5,890 (3,851) -
Other comprehensive income (434) 52,573 -
Comprehensive income 5,455 48,721 793.0
 

About the Dentsu Group
Led by Dentsu Inc. (TOKYO:4324)(ISIN:JP3551520004), the world's largest advertising agency brand with a history of 112 years, the Dentsu Group offers a comprehensive range of client-centric communications and media services in 110 countries across five continents. Its Japan-wide network and London-based global operating unit Dentsu Aegis Network Ltd., which oversees the operations of Aegis Media, a leading global media and digital communications specialist, as well as those of the Dentsu Network, which manages all of Dentsu's other global business operations outside Japan, together employ more than 37,000 dedicated professionals. The Group is also active in the production and marketing of sports and entertainment content on a global scale.

Dentsu Inc.: www.dentsu.com
Dentsu Aegis Network Ltd: www.dentsuaegisnetwork.com
Dentsu Network: www.dentsunetwork.com

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Dentsu Inc.
Shusaku Kannan, (813) 6216-8042
Senior Manager
Corporate Communications Division
s.kannan@dentsu.co.jp

KEYWORDS:   Asia Pacific  Japan

INDUSTRY KEYWORDS:

The article Dentsu Reports Consolidated Financial Results for the Three Months Ended June 30, 2013 (Japanese GAAP) originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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NTRR Initiates Development on Prototype Horticultural Technology

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NTRR Initiates Development on Prototype Horticultural Technology

SARASOTA, Fla.--(BUSINESS WIRE)-- As part of an ambitious strategy to gain market share in a medical marijuana (MMJ) sector forecast to reach $6 billion over the next five years, Neutra Corp. (OTCBB: NTRR) announced today that the first phase of development is now underway on a horticultural post-production system that could soon revolutionize the time and care needed to deliver medicinal cannabis to patients.

"In our extensive market research, this was an area that we immediately targeted for innovation," said NTRR CEO Sydney Jim. "We have a plan to make the post-production work on cut flowers and greens significantly faster and more efficient than what's being done currently."


Variations in the care and handling of plants can make it difficult for patients to accurately predict the benefits they will receive from cannabis from strain to strain and dispensary to dispensary. To solve this problem, NTRR formed a new joint venture with Vertigo Technologies to advance the development and marketing of innovative horticulture systems that could soon benefit a variety of plant-based businesses.

It's the next step in the company's plans to capture a share of the booming $1.7 billion medical marijuana (MMJ) market in the U.S. by delivering advanced technology to improve production quality and efficiency in the nascent industry. NTRR and Vertigo expect to deliver a working prototype within a short time frame.

Through its subsidiary, Cannabis Technologies, NTRR is working to help introduce the next wave of healthier, more efficient delivery systems to the ever-growing MMJ market. By providing innovative nutraceutical products and services such as new MMJ breakthroughs, Neutra Corp. plans to follow in the footsteps of other successful public companies including Cannabis Science, Inc. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Terra Tech Corp. (OTCBB: TRTC), delivering technological advancements in the cultivation and processing of cannabis in approved markets.

For more information on NTRR's initiatives, please visit www.neutracorp.com.

About Neutra Corp.

Neutra Corp. is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products. For investing information and performance data, please visit www.neutracorp.com.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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Neutra Corp.
Sydney Jim, 813-367-2041
President and CEO
info@neutracorp.com

KEYWORDS:   United States  North America  Florida  New York

INDUSTRY KEYWORDS:

The article NTRR Initiates Development on Prototype Horticultural Technology originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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ParFX Selects Equinix London Data Center

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ParFX Selects Equinix London Data Center

New ParFX global foreign exchange platform gains access to Equinix's financial ecosystem

REDWOOD CITY, Calif. & LONDON--(BUSINESS WIRE)-- Equinix, Inc. (NAS: EQIX) , the global interconnection and data center company, today announced that ParFX, the new Tradition-owned wholesale electronic spot FX trading platform, has launched from Equinix's London Slough International Business Exchange™ (IBX®) data center campus.


Designed to bring renewed transparency, efficiency and equality to the global spot FX market, ParFX is open to all professional institutions able to settle via Continuous Linked Settlement (CLS) and provides Equinix's customers in the London Slough data center campus with easy access to FX liquidity.

Highlights / Key Facts

  • The ParFX trading platform provides market participants with a low-cost, easy-to-access, transparent and equitable venue for sourcing FX liquidity. The platform's unique matching mechanism applies a randomized pause to all order elements, creating a level playing field for participants, regardless of location, technological sophistication or financial strength.
  • ParFX selected Equinix because of its market leadership position, broad range of trading customers and unrivalled global reach. The London Slough campus provides access to over 50 network providers and more than 170 trading participants, reducing time-to-market, and lowering barriers to entry while providing high levels of resilience.
  • In choosing Equinix, ParFX positions its platform directly alongside many other leading trading venues and connects with hundreds of FX institutional traders, trading platforms and ECNs globally to enable 'follow the sun' FX trading.
  • Through Equinix's global IBX footprint, an ecosystem of nearly 800 global financial services institutions will be able to connect to ParFX.

Quotes

  • Roger Rutherford , chief operating officer, ParFX:
    "The ParFX founder banks came to us because they believed there was a need for change in the FX market ecology and for the creation of a truly level playing field. That need is at the heart of the ParFX philosophy. Equinix's London Slough data center campus offers world-class support with global reach, congregating players and service providers across FX, providing the opportunity to adapt and scale our business according to market need."
  • Dick Theunissen , chief marketing officer, EMEA at Equinix
    "ParFX is a valuable addition to the Equinix financial ecosystem, extending the range of venues we host across Asset classes. Its pioneering low cost and transparent trading services will provide FX market participants located on Platform Equinix with a popular and equitable venue for sourcing FX liquidity."

Additional Resources

About Tradition/ParFX

Tradition is one of the world's largest interdealer brokers in over-the-counter financial and commodity-related products. Represented in 28 countries, Tradition employs 2,400 people globally. Tradition is the trading name of Compagnie Financière Tradition (CFT), which is listed on the Swiss stock exchange. Tradition's activities are overseen by global regulators including the FCA, SEC and CFTC. For more information, please visit www.tradition.com. Tradition and ParFX are registered trademarks of Compagnie Financière Tradition S.A. www.parfx.com

About Equinix

Equinix, Inc. (NAS: EQIX) , connects more than 4,000 companies directly to their customers and partners inside the world's most networked data centers. Today, businesses leverage the Equinix interconnection platform in 31 strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.com

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.

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Equinix Media Contacts:
Equinix, Inc.
Melissa Neumann, +1 650-598-6098
mneumann@equinix.com
or
GolinHarris for Equinix, Inc.
Liam Rose, +1 650-598-6590
lrose@golinharris.com
Caroline Kawashima, +1 415-318-4367
ckawashima@golinharris.com
or
ParFX Media Contact
MHP Communications
John Sarsfield/James Morgan/Fern Hammond, +44 20 3128 8530/8533/8092
Tradition@mhpc.com

KEYWORDS:   United Kingdom  United States  Europe  North America  California

INDUSTRY KEYWORDS:

The article ParFX Selects Equinix London Data Center originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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BRAVADA International Developing a National Television Commercial and Ongoing TV Campaign for VivaVu

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BRAVADA International Developing a National Television Commercial and Ongoing TV Campaign for VivaVuva.com, its Online Ecommerce Women's Fashion Superstore

LOS ANGELES--(BUSINESS WIRE)-- BRAVADA International Ltd. (www.VivaVuva.com) (Pink Sheets:BRAV) announced today it is developing a national television commercial and ongoing TV campaign for its women's fashion website, VivaVuva.com. Bravada International has begun pre-production on its first VivaVuva.com television spot in collaboration with Graffiti Media (www.graffitimedia.co). Filming is expected to take place in late September with the television spots ready for airing by late October, in time for the Holiday shopping season. There will be two 30-second and one 1-minute commercial edits.

The airing of the national television spots will coincide with online Google advertising across the women's fashion keyword universe in addition to YouTube and website initiatives. The concepts for this first VivaVuva.com TV commercial have been determined as well as the shoot location.


"We are utilizing our expertise that we have already developed in-house for commercial and film as well as airtime acquisition for the launch of our first VivaVuva.com television spot," replied Danny Alex, CEO of Bravada International. "Over the next few weeks you can expect to see amazing things happening on VivaVuva.com as we gear up for the complete commercialization of VivaVuva.com in September. The plan is to propel VivaVuva.com as a national brand calibrated to a middle to middle upper-class customer. We want middle America to have the very best sexy women's fashion across every lifestyle and that's exactly what we intend to do."

About BRAVADA International Ltd.

BRAVADA International owns and operates VivaVuva.com, OnlyLeggings.com, World of Leggings Retail Stores and WorldofLeggings.com.

VivaVuva.com is an online women's fashion bazaar developed with a woman's individual lifestyle in mind. VivaVuva offers one of the largest selections of women's fashion from women's tops, sexy dresses, jumpsuits, skirts, women's shorts as well as jeans, handbags and accessories.

OnlyLeggings.com is the largest online leg fashion and leggings superstore with a wide range of women's fashion apparel which includes faux leather leggings, high waist leggings, children's leggings, plus size leggings, bodysuits, and more.

World of Leggings is an online and real world leggings superstore that specializes in all styles of Made in the USA leg fashion, women's leggings, plus size leggings, tights and bodysuits.

www.WorldofLeggings.com
www.OnlyLeggings.com
www.VivaVuva.com
www.Facebook.com/WorldofLeggings

This news release may contain statements about future expectations, plans, prospects or performance of BRAVADA International Ltd that constitute forward-looking statements for purposes of the safe harbor Provisions within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by phrases such as BRAVADA "believes," "intends," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

anImage


BRAVADA International Ltd.
Danny Alex, CEO, 323-424-4195
Bravada@BravadaLtd.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article BRAVADA International Developing a National Television Commercial and Ongoing TV Campaign for VivaVuva.com, its Online Ecommerce Women's Fashion Superstore originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Logitech Wireless All-in-One Keyboard TK820 Streamlines Navigation with Large Built-in Touchpad

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Logitech Wireless All-in-One Keyboard TK820 Streamlines Navigation with Large Built-in Touchpad

New Space-Saving Design Seamlessly Integrates Typing and Swiping

NEWARK, Calif.--(BUSINESS WIRE)-- Today Logitech (SIX: LOGN) (NAS: LOGI) announced the expansion of its keyboard lineup with the Logitech® Wireless All-in-One Keyboard TK820, a wireless keyboard with a built-in touchpad that lets you type and swipe comfortably together.

Logitech Wireless All-in-One Keyboard TK820 (Photo: Business Wire)

Logitech Wireless All-in-One Keyboard TK820 (Photo: Business Wire)


"We created the Logitech Wireless All-in-One Keyboard TK820 to combine everything you need to control and navigate your computer in one sleek keyboard," said Charlotte Johs, Logitech global vice president of brand development and portfolio for PC accessories. "This keyboard offers an innovative way to navigate, letting you type, touch and swipe with a single device."

The Logitech Wireless All-in-One Keyboard TK820 has an ultra-slim design that takes up less space on your desk because it connects wirelessly to your computer and streamlines navigation with a built-in touchpad. The touch area is significantly larger than a built-in laptop touchpad, so you can point, zoom and swipe smoothly and comfortably. The touchpad also supports up to 13 Windows® 8 multi-touch gestures with the download of Logitech SetPoint software.

In addition to its attractive design, this keyboard delivers superior typing comfort. The Logitech PerfectStrokeTM key system distributes typing pressure evenly across the key surfaces, so every keystroke is whisper quiet and feels smooth, even if you strike the edge of a key. The IncurveTM keys have softly rounded edges to help your fingers glide across the keyboard, so typing feels fluid and comfortable, hour after hour.

The Logitech Wireless All-in-One Keyboard TK820 also comes with a tiny Logitech Unifying receiver, which uses Advanced 2.4 GHz connectivity to give you the reliability of a cord with the convenience of wireless. The wireless connection is robust and reliable, so you can place the keyboard in the most convenient position for you and still enjoy fast data transmission with virtually no delays or dropouts.

Pricing and Availability

The Logitech Wireless All-in-One Keyboard TK820 is expected to be available in the U.S. and Europe in August 2013, for a suggested retail price of $99.99. For more information, please visit www.logitech.com or our blog.

About Logitech

Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech's combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).

Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company's website at www.logitech.com.

(LOGIIR)

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Logitech
Elizabeth Van Slyke
510-713-5185
evanslyke@logitech.com

KEYWORDS:   United States  Europe  North America  California  Switzerland

INDUSTRY KEYWORDS:

The article Logitech Wireless All-in-One Keyboard TK820 Streamlines Navigation with Large Built-in Touchpad originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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ASCC Premium Vodka Receives Prestigious Award at International Spirits Competition

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ASCC Premium Vodka Receives Prestigious Award at International Spirits Competition

MIRAMAR BEACH, Fla.--(BUSINESS WIRE)-- Setting the standard for the way a vodka should taste, RWB Ultra-Premium Handcrafted Vodka, the premiere spirit presented by the Aristocrat Group Corp. (OTCBB: ASCC), won the prestigious Platinum Award at the SIP Awards International Spirits Competition in Las Vegas.

The fifth annual 2013 SIP Awards featured 306 spirits competing for the coveted SIP medals awarded to the top consumers' spirit of choice. The SIP Awards is the only international spirits competition that levels the playing field for established brands and newcomers alike by enlisting consumers as judges.


Strictly scored on aroma, taste and finish in a blind sampling, RWB Ultra-Premium Handcrafted Vodka, presented by Luxuria Brands, LLC, overpowered its vodka competitors. Dedicated to precision distilling and carefully crafted, the quality of RWB Ultra-Premium Handcrafted Vodka was readily apparent to the SIP Awards judges.

"This is truly an honor to win this award," ASCC CEO Robert Federowicz said. "We knew we had something special from the first bottle of RWB Ultra-Premium Handcrafted Vodka. Winning this award shows RWB is ready to thrive in the spirits market."

Luxuria Brands is working to build a stable of successful brands in order to compete in a highly profitable sector alongside LVMH Moet Hennessy Louis Vuitton (OTCBB: LVMUY), Diageo PLC (NYS: DEO) , BEAM, Inc. (NYS: BEAM) and Brown-Forman Corp. (NYS: BF.B) . ASCC hopes to capitalize on unprecedented new brand building opportunities through Luxuria Brands, its brand management division. Spirits totaled over $21 billion in sales last year, with vodka accounting for almost a third of that total.

About the Aristocrat Group Corp.

Through its brand management division, Luxuria Brands, the Aristocrat Group Corp. is on the path to becoming a provider of premium luxury goods, including top-shelf distilled spirits. The company targeted the growing market for quality domestic liquor in order to deliver maximum returns to our shareholders.

The Aristocrat Group Corp. is also exploring smart growth initiatives to position itself as the premier resource for women's lifestyle products and services, including motherhood resources. For more information, please visit www.aristocratgroupcorp.com.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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Aristocrat Group Corp.
Robert Federowicz, 850-269-6801
President and CEO
info@aristocratgroupcorp.com

KEYWORDS:   United States  North America  Florida

INDUSTRY KEYWORDS:

The article ASCC Premium Vodka Receives Prestigious Award at International Spirits Competition originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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4 Tips to Help 30-Somethings Manage Their Debt

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Woman checking bills
Peter Dazeley, Getty Images
No matter what our age, we all have to be careful about the level of debt we hold, but for those in their 30s, managing debt can be especially challenging.

According to the most recent data from the Census Bureau, those ages 35 to 44 have the highest levels of household debt of any age group; their $108,000 in median debt weighs in 25 percent higher than the next most indebted age group.

Increasingly, student loan debt represents a big portion of overall debt for 30-somethings. A Federal Reserve Bank of New York study showed average student loan balances for those ages 30 to 39 topped those of other age groups, approaching the $30,000 mark as of the end of 2012.

It all adds up to an increasingly difficult financial balancing act. Even as their incomes begin to grow as their careers take root, 30-somethings are also in the highest-consumption phase of their lives, as they start families, consider buying a home for the first time or upgrading to a more family-friendly home, and improving their lifestyles as their incomes improve. Debt is a necessary part of meeting those challenges, but you have to handle it correctly.

Let's take a look at four tips for those in their 30s to keep control of debt and use it to your advantage.

1. Don't Let Dealing With Debt Derail Other Financial Demands.

Between student loan debt from your 20s and other types of debt you incur for vital purchases, you need to accept that you won't be able to pay down all your debt by the time you're 40. But debt management doesn't always mean avoiding debt entirely.

Once you take care of the most onerous and burdensome types of debt, it's also important to start funneling money to other long-term financial needs.
Sponsored Links
Saving for your own retirement as well as your children's future expenses if you choose to have a family can give you an important head start that will make it a lot easier to manage your overall finances in the future.

2. Avoid Dumb Credit-Record Dings.

By the time you hit 30, you'll likely already have a well-established credit history. As your prospects improve, it's essential to have your credit score improve along with them. That means not making silly mistakes like having late payments or excessive balances on credit cards and other revolving debt.

By diligently checking your credit reports through annualcreditreport.com, the free online service that the government requires major credit reporting agencies to provide, you can correct any mistakes that slip through and see the impact smart decisions can have on your credit rating. That will make it easier to get the loans you need on the best possible terms.

3. Be Tax-Smart About Debt.

As your income rises, the benefits of tax breaks on certain types of debt also increase. In particular, most mortgage interest qualifies for an itemized tax deduction, reducing your after-tax financing costs even further from the generally low rates on mortgages. Similar tax breaks are sometimes available for student loans and investment interest expense, so be sure to check whether your loans qualify and, if so, how the tax break factors into your decision of whether to pay them off quickly or more slowly.

4. Get Rid of Credit Card Debt Entirely.

Finally, if there's one attainable goal to strive for by the time you hit 40, it's to eliminate credit card debt from your finances entirely. With high interest rates and draconian fees, the cost of carrying balances on credit cards is greater than with most other types of loans. The interest you save by paying down card balances and then paying off future charges every month is greater than the return on nearly any investment you could make. And best of all, it's a sure thing. In addition, getting credit card debt defeated will give you the confidence to tackle the rest of your debt picture as well.

You can follow Motley Fool contributor Dan Caplinger on Twitter @DanCaplinger or on Google+.

 

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Crocs and Sweatpants You Could Wear in a Business Office? Maybe

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AOL
When we spoke to Crocs (CROX) CEO John McCarvel back in January, we couldn't help but notice his choice of footwear: He wasn't wearing Crocs.

But we couldn't really hold it against him. McCarvel was in town to accept an innovator award from the National Retail Federation, and Crocs didn't really make anything appropriate for the occasion. You can't wear Crocs with a suit, right?

Well, that's not entirely true. As it turns out, Crocs now offers a number of shoes that are a bit more on the dressy side. They've got loafers, for instance, which could work at the country club. And for the office they've got the "Tummler" shoe, which combines the molded rubber clogs with a black leather slip-on dress shoe. As the website explains, it's meant to be a "work shoe you can live with."

Around the same time we came across the Crocs dress shoe, we also became aware of another product that tries to combine stay-at-home comfort with office-appropriate wear: Dress pants-style sweatpants. These have all the comfort and warmth of a pair of sweatpants, but are designed like a pair of dress slacks, complete with back pockets, belt loops and pinstripes.

Together, the Crocs dress shoes and sweatpants dress pants suggest a new paradigm for office wear: Dressy enough to pass muster with your boss, but comfortable enough that you can feel like you're having a pajama day working from home. But could you really pull this off in an office environment?

To find out, I got a pair of each, then put them on and headed down to the offices of StyleList, Aol's fashion experts. I modeled my office wear for a panel of three StyleList editors: Ellen Thomas, Logan Sowa and Abby Silverman.

Their first reaction was telling -- two of them didn't realize that I'd actually changed into the sweatpants. That, I thought, meant that I could get away with wearing sweatpants without anyone noticing. But on closer inspection, doubts started to emerge.

"I don't think I'll ever be inclined to think this is acceptable in the workplace," said Sowa. "They looked like real pants, but there were a few telltale signs that something was off: They were a bit baggy, and definitely didn't look tailored."

I couldn't help but agree. I was a little disappointed with the fit, expecting it to have a more modern, slim cut. And I wasn't about to pay to have a pair of sweatpants tailored.

Still, I could see there being a small market for this sort of thing. Let's say you work at a tech startup and love the pajamas-and-sweatshirt lifestyle, but want to be prepared in case you need to suddenly meet with investors. Could these make for a nice middle ground?

Silverman was skeptical of this notion.

"Whether you are on Wall Street or at a start-up, it's important to be as professional as possible -- you never know when you'll be in an elevator pitch," she said. And Thomas wondered what was so difficult about wearing dress pants, many of which can be quite comfortable. While the idea of pinstriped sweatpants was certainly amusing, and they seem like they'd be very warm in the winter, we ultimately agreed that they weren't office-appropriate (unless you work in a very casual office).

The Crocs were a different story.

"These actually aren't terrible for what they are -- a comfortable pair of shoes disguised as dress shoes," said Thomas. "I still would not want to see my boyfriend in them, but if you're going to invest in something like this, this particular style is pretty believable."

I was more or less in agreement. I didn't find them all that attractive, as they're a little too blocky for my taste. But if the goal here is to wear something that's comfortable, but still qualifies as a dress shoe, this definitely passes muster. I can imagine a doctor wearing these -- healthcare professionals like to wear Crocs because they're on their feet all day, and these could pair up with a shirt and tie to maintain a professional appearance when meeting with patients and families.

"If you're someone who is always on their feet for work, these Crocs are perfect for getting your feet through the day," agrees Silverman. Even Sowa, who admits she "inherently [has] a thing against Crocs," says they aren't half bad.

So there you have it. If you spend a lot of time on your feet, but still work in an environment that requires you to wear dress shoes, these Crocs could be a good compromise. But please don't try to get away with wearing sweatpants.

Pinstripe Dress Pant Sweatpants: $128 at BetaBrand.com. Also available in grey or black, $108.
Verdict: Too baggy to pass as real dress pants, and likely inappropriate at all but the most casual office environments.

Men's Tummler Shoe: $79.99 at Crocs.com.
Verdict: Not the most stylish shoes around, but a great option for professionals who spend a lot of time on their feet.

Matt Brownell is the consumer and retail reporter for DailyFinance. You can reach him at Matt.Brownell@teamaol.com, and follow him on Twitter at @Brownellorama.

 

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Tesla CEO Elon Musk Releases Details of Hyperloop High-Speed Transit System

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For a little over a year Tesla and SpaceX visionary Elon Musk has been talking about a revolutionary new way to travel called Hyperloop. Today he announced his designs in a 57-page document, ending months of speculation by the public and media alike.

Musk himself admits that the plans for Hyperloop Alpha, released on both the SpaceX and Tesla Motors websites, is likely to contain "errors of various kinds and superior optimizations for elements of the system," but that didn't stop us from pouring over the plans the minute they were released.

Hyperloop
Hyperloop

Hyperloop, according to Musk, is the fastest way to travel long distances, short of the invention of teleportation. The solar-powered system would transport passenger capsules through pressurized steel tubes at speeds up to 760 miles per hour. The tubes will be elevated by reinforced concrete support pylons and run along existing highway routes, in order to reduce cost and land requirements.

Hyperloop Alpha purposes a high-speed route along Interstate 5, from Los Angeles, Calif. to San Francisco, Calif. The estimated duration of a one-way trip is approximately 30 minutes. The capsules would depart as often as every 30 seconds, carrying up to 28 people each, according to Musk's plan.

Hyperloop capsule

"The capsules are supported via air bearings that operate using a compressed air reservoir and aerodynamic lift," explains the document. "Linear accelerators are constructed along the length of the tube at various locations to accelerate the capsules."

Musk was initially drawn to the idea out of disappointment in the current California high-speed rail system. Musk asks, "how could it be that the home of Silicon Valley and [NASA's jet propulsion laboratory]--doing incredible things like indexing all the world's knowledge and putting rovers on Mars--would build a bullet train that is both one of the most expensive per mile and one of the slowest in the world?"

Hyperloop Alpha cutaway

A system of elevated tubes and capsules won't come at a bargain. The cost of the capsules alone will be in the range of $100 million and the cost to construct and install tubes is in the billions. The total estimated cost of the Hyperloop Alpha system is $6 billion. That may sound like a lot of money, but not to Musk. "Even several billion is a low number when compared with several tens of billion proposed for the track of the California rail project," says the document.

Still, Musk recognizes the system's limitations. The plans admit that Hyperloop only makes sense for journeys that max out at around 900 miles. Beyond 900 miles, supersonic jets become not only a more economic option, but also a faster one.

TRANSLOGIC Editor Adam Morath contributed to this report.

 

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Dejour Records Positive Q2-2013 Cash Flow from Operations with 43% Revenue Increase

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Dejour Records Positive Q2-2013 Cash Flow from Operations with 43% Revenue Increase

Initiates Production at Flagship Kokopelli NG&L Project

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, has released its financial and operating results for the three and six months ended June 30, 2013. Summary of results are as follows:

    Three months ended June 30,   Six months ended June 30,
(in thousands of Canadian dollars, unless otherwise indicated)   2013   2012   Change   2013   2012   Change
    $   $       $   $    
Revenue, before royalties   2,526   1,771   43%   4,564   3,699   23%
                         
Income (loss)   (1,075)   (581)   85%   (2,285)   (934)   145%
Basic and fully diluted ($/common share)   (0.007)   (0.004)   75%   (0.015)   (0.007)   114%
Cash flow from operating activities   522   (727)   172%   695   (2,362)   129%
                         
Capital expenditures, net of dispositions   407   1,022  

-60%

  583   2,182   -73%
                         
Total assets   27,377   31,054   -12%   27,377   31,054   -12%
Bank debt, net of working capital   6,412   4,109   56%   6,412   4,109   56%
Shareholders' equity   9,128   20,757   -56%   9,128   20,757   -56%
                         
Weighted average common shares outstanding (thousands)                        
Basic   148,916   136,165   9%   148,916   133,110   12%
Diluted   148,916   136,165   9%   148,916   133,110   12%


CONSOLIDATED FINANCIAL STATEMENTS

Dejour's audited consolidated financial statements and related notes for the three and six months ended June 30, 2013 will be available to the public on SEDAR @ www.sedar.com, EDGAR @ www.sec.gov and will also be posted on the Company's website at www.dejour.com on August 14, 2013.

Dejour's operating results for the three and six months ended June 30, 2013 are summarized in the table below:

    Three months ended June 30,   Six months ended June 30,
    2013   2012   Change   2013   2012   Change
                         
Production                        
Oil and natural gas liquids (bbls/d)   282   215   31%   257   210   22%
Natural gas (mcf/d)   843   1,146   -26%   864   1,209   -29%
Combined (BOE/d)   422   406   4%   401   411   -2%
                         
Realized sales prices                        
Oil and natural gas liquids ($/bbl)   86.66   78.85   10%   84.99   83.53   2%
Natural gas ($/mcf)   3.98   2.16   84%   3.92   2.32   69%
                         
Operating netbacks ($/BOE)                        
Oil and gas revenue   65.76   47.88   37%   62.90   49.43   27%
Royalties   (12.88)   (7.86)   64%   (12.02)   (8.30)   45%
Operating and transportation expense   (19.94)   (22.72)   -12%   (23.11)   (23.95)   -4%
Operating netback   32.94   17.30   90%   27.77   17.18   62%
                         
Undeveloped land                        
Gross acres   134,932   212,429   -36%   134,932   212,429   -36%
Net acres   102,549   103,020   0%   102,549   103,020   0%


PRESIDENT'S MESSAGE

Dejour is pleased to report the results of operations to shareholders for the second quarter of 2013.

During the quarter we:

1. Completed the drilling of three new wells to the Williams Fork formulation at Kokopelli in the eastern portion of the Piceance Basin of Colorado;

2. Increased production at the Drake/Woodrush Halfway "E" Pool north of Fort St. John, British Columbia to an average of 422 BOEPD consisting of 282 BOPD of oil and 843 Mcf/d of gas. Current quarter's oil production (BOPD) exceeded Q1 2012 production by 31%, a result of better operating efficiency at Drake/Woodrush and achieving "peak production" from the existing oil pool through implementation of a water flood;

3. Closed a $3.5 million loan facility with a Canadian institutional lender and applied $1.65 million of the net proceeds to repay an amount owing to the Company's Canadian bank.

Revenue increased 43% from $1.8 million in Q2 2012 to $2.5 million for the three months ended June 30, 2013. This increase was primarily attributable to higher combined average realized prices and an increase in oil production during the current quarter compared with Q2 2012. The Company incurred a loss of $1.1 million during Q2 2013 of which $978,000 was represented by non-cash expense amounts such as amortization, depletion, and stock based compensation.

During Q2 2013, the Company generated $522,000 in cash flow from operating activities compared with a deficiency of $727,000 for the comparable period ended June 30, 2012. For the six months ended June 30, 2013, cash flow from operating activities was $695,000 compared with a deficiency of $2,362,000 for the six months ended June 30, 2012.

Subsequent to June 30, 2013, the four wells drilled and completed in a joint venture with a U.S. drilling fund at Kokopelli were fracked and turned into the gas sales line. Cumulative IP rates will be made available for all four wells when the wells have substantially cleaned up. The Company has working interests ~20% BPO and ~35% APO in the four wells, with a continuing 71.5% WI in the balance of the acreage.

Colorado - The Evolution of the Mancos/Niobrara Shale Resource Play - Part III

In news releases dated March 28, 2013 and May 15, 2013, Dejour reported that a major U.S. exploration company drilled a Mancos/Niobrara shale discovery well at a vertical depth of about 10,200 ft. (with a horizontal leg of about 4,600 ft.) mid-way between our Grand Valley (Roan Creek) and Kokopelli leasehold interest in the Piceance Basin of Colorado. The company has announced publicly the discovery, extrapolated over its 180,000 acres in the Piceance Basin, could mean as much as 20-30 Tcf in recoverable natural gas reserves.

Dejour has approximately 12,000 net acres with "Niobrara/Mancos Shale" potential in Garfield County. Since the major U.S. exploration company's announcement of its discovery well, Dejour has added additional geophysical and geological staff and other resources to further our study of the Mancos/Niobrara potential on these lands.

Although the capital cost to drill these "shale" wells is considerably higher than conventional Williams Fork wells, the increased economics far outweigh the increase in costs. As a result, Dejour has concluded that there is a high probability the Mancos/Niobrara will be prevalent in the Kokopelli area of the eastern Piceance Basin in commercial quantities. Accordingly, the Company has initiated plans to build another drilling pad at Kokopelli specifically designed to accommodate deeper wells with a horizontal leg.

Dejour management fully expects this exciting shale play to become the focus of the Company's growth effort through 2014 as we de-risk this development and build the economies of the Kokopelli project. We look forward to reporting to shareholders as our financing, exploration, and development plans evolve from the planning to the execution stages.

About Dejour

Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America's Piceance Basin and environs (approximately 117,500 net acres) and Peace River Arch regions (approximately 7,500 net acres). Dejour's seasoned management team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and transactions to realize their value to shareholders' best advantage. Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange MKT (NYSE MKT: DEJ) and Toronto Stock Exchange (TSX: DEJ).

Statements Regarding Forward-Looking Information: This news release contains statements about oil and gas production and operating activities that may constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation as they involve the implied assessment that the resources described can be profitably produced in the future, based on certain estimates and assumptions. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated by Dejour and described in the forward- looking statements. These risks, uncertainties and other factors include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services, government regulation and foreign political risks, fluctuations in the exchange rate between Canadian and US dollars and other currencies, as well as other risks commonly associated with the exploration and development of oil and gas properties. Additional information on these and other factors, which could affect Dejour's operations or financial results, are included in Dejour's reports on file with Canadian and United States securities regulatory authorities. We assume no obligation to update forward-looking statements should circumstances or management's estimates or opinions change unless otherwise required under securities law.

BOE Presentation: Barrel of oil equivalent amounts have been calculated using a conversion rate of six thousand cubic feet of gas to one barrel of oil. The term "BOE" may be misleading if used in isolation. A BOE conversion ratio of one barrel of oil to six mcf of gas is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head. Total BOEs are calculated by multiplying the daily production by the number of days in the period.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Follow Dejour Energy's latest developments on:
Facebook http://facebook.com/dejourenergy and Twitter @dejourenergy

anImage


Dejour Energy Inc.
Robert L. Hodgkinson,604-638-5050
Co-Chairman & CEO
Facsimile: 604-638-5051
investor@dejour.com
or
Craig Allison,914-882-0960
Investor Relations - New York
callison@dejour.com

KEYWORDS:   North America  Canada

INDUSTRY KEYWORDS:

The article Dejour Records Positive Q2-2013 Cash Flow from Operations with 43% Revenue Increase originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Wireless Telecom Group Announces Second Quarter Financial Results Including Increases in Net Sales o

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Wireless Telecom Group Announces Second Quarter Financial Results Including Increases in Net Sales of 22.7% and Net Income of 61.4% and Contract Award of $1.1M with the FAA

PARSIPPANY, N.J.--(BUSINESS WIRE)-- Wireless Telecom Group, Inc. (NYSE MKT: WTT) announced today results for the second quarter and six months ended June 30, 2013.


For the quarter ended June 30, 2013, the Company reported net sales of $8,705,000, compared to $7,092,000 for the same period in 2012, an increase of 22.7%.

The Company also reported net income of $1,058,000 or $0.04 per diluted share for the second quarter of 2013, compared to net income of $655,000, or $0.03 per diluted share, for the second quarter of 2012, an increase of 61.4%.

For the six months ended June 30, 2013, the Company reported net sales of $15,502,000, compared to $13,994,000 for the same period in 2012, an increase of 10.8%.

The Company also reported net income of $1,404,000 or $0.06 per diluted share for the first six months of 2013, compared to net income of $1,311,000, or $0.05 per diluted share, for the same period of 2012, an increase of 7.1%.

For the quarter ended June 30, 2013, total operating expenses were $3,363,000, as compared to $2,981,000 for the same period of 2012, an increase of 12.8%.

For the six months ended June 30, 2013, total operating expenses were $6,439,000, as compared to $5,784,000 for the same period of 2012, an increase of 11.3%.

The increase in second quarter and six months ended June 30, 2013 operating expenses was primarily due to increases in professional and consulting fees, non-employee sales commissions and stock compensation expense.

Additionally, on August 1, 2013, the Company's wholly-owned subsidiary, Boonton Electronics, was awarded a contract with the Federal Aviation Administration ("FAA") to supply Boonton 4500B RF Peak Power Meters in support of the Common Air Route Surveillance Radar ("CARSR") installations. The total order value of the product to be sold under the contract is approximately $1.1M and a considerable portion of the order is expected to be realized over fiscal years 2013 and 2014.

Paul Genova, CEO of Wireless Telecom Group, Inc. stated "We are excited by the continued growth in our Network Solutions business segment, resulting in improvements to both revenue and segment income. Revenue in our Network Solutions segment for the first half of 2013 increased 49% to $9,748,000 compared to the prior year period, while segment income for the first half of 2013 increased 48% to $2,312,000 compared to the prior year period. Although our Test and Measurement segment experienced soft order flow during the first half of 2013, recent order activity has been very encouraging, including a $1.1M contract award received in early August from the FAA."

Continued Genova, "We value our relationship with those government agencies critical to our success, including the FAA, and continue to be a proud supplier of test instruments in support of ongoing maintenance and development of state of the art communication systems."

Genova continued, "We will continue to execute our strategic plan and build upon current order momentum as we head into the second half of 2013."

Wireless Telecom Group designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab and Noisecom brands. Its complementary suite of high performance components and instruments includes RF combiners and broadband combiner boxes for in-building distributed antenna systems deployments, RF power splitters and diplexers, hybrid couplers, peak power meters, signal analyzers, noise modules, precision noise and generators. The Company serves both commercial and government markets with workflow-oriented, WiFi, WiMAX, satellite, cable, radar, avionics, medical, and computing applications. Wireless Telecom Group is headquartered in Parsippany, New Jersey, in the New York City metropolitan area, and maintains a global network of Sales and Service offices for excellent product service and support.

Wireless Telecom Group's website address is http://www.wtcom.com. Except for historical information, the matters discussed in this news release may be considered "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. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. Specifically, no assurances can be made with respect to: the contract awarded by the FAA regarding Boonton 4500B RF Peak Power Meters, including the timing associated with the realization of revenue thereunder; improvements, if any, to both revenue and Network Solutions segment income; growth in the Company's Network Solutions business segment; Test and Measurement segment order flow, including recent order activity; and the Company's ability to execute on its strategic plan and build upon order momentum as it heads into the second half of 2013 and beyond. Further information regarding risks and uncertainties that could affect the Company's results are identified in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2012.

 
SELECTED FINANCIAL RESULTS
(In thousands, except per share amounts)
         
Three months ended Six months ended
June 30, June 30,
(Unaudited) (Unaudited)
2013     2012 2013     2012
Statement of Operations Data:
Net sales $ 8,705 $ 7,092 $ 15,502 $ 13,994
 
Gross profit 4,080 3,590 7,401 6,945
 
Operating expenses
Research and development 627 620 1,239 1,219
Sales and marketing 1,319 1,160 2,341 2,232
General and administrative 1,417 1,201 2,859 2,333
Total operating expenses 3,363 2,981 6,439 5,784
 
Interest and other (income) expense (201) (22) (215) (31)
 
Income before income taxes 918 631 1,177 1,191
 
Net income $1,058 $655 $1,404 $1,311
 
Net Income per common share:
Basic $0.04 $0.03 $0.06 $0.05
Diluted $0.04 $0.03 $0.06 $0.05
 
Weighted average shares outstanding:
Basic 23,853 24,305 23,863 24,368
Diluted 24,433 24,664 24,358 24,729
 

 

June 30, December 31,
2013 2012
(Unaudited)

Balance Sheet Data:

Cash & cash equivalents $ 12,407 $ 12,970
 
Working capital $ 27,604 $ 26,516
 
Total assets $ 41,839 $ 41,230
 
Total liabilities $ 4,586 $ 5,315
 
Shareholders' equity $ 37,253 $ 35,915

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Wireless Telecom Group, Inc.
Robert Censullo, 973-386-9696

KEYWORDS:   United States  North America  New Jersey

INDUSTRY KEYWORDS:

The article Wireless Telecom Group Announces Second Quarter Financial Results Including Increases in Net Sales of 22.7% and Net Income of 61.4% and Contract Award of $1.1M with the FAA originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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