LONDON, UK / ACCESSWIRE / October 28, 2016 / Active Wall St. blog coverage looks at the headline from Drew Industries Inc. (NYSE: DW) as the company announced on October 27th, 2016, that its wholly-owned subsidiary, Lippert Components, Inc. (LCI®), has agreed to acquire the business, manufacturing facility, and certain assets of the seating and chassis component division of Atwood Mobile Products, a subsidiary of Dometic Group. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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The Agreement

Atwood Mobile Products which is based in Elkhart, Indiana, for the twelve months ended December 31, 2015, reported sales of approximately $30 million, consisting of sales to OEMs, as well as significant aftermarket sales. Drew Industries will pay $12.5 million for the acquisition, which will be paid at closing from available cash. After funding this acquisition, Drew Industries remains well-positioned to take advantage of other investment opportunities. The transaction is expected to be completed in November 2016.

“Atwood has been a household name in the RV and trailer markets for over 30 years,” said Scott Mereness, President of LCI.

Products acquired in the acquisition include seating frames and related components, as well as Atwood’s manual, power and scissor jacks, levelling systems and controls, couplers and hitch balls, fifth wheel landing gear and braking components.

“Atwood’s chassis hardware products are a natural fit for LCI,” added Mereness, “Additionally, we expect the seating frame business will create new synergies in our RV and Marine furniture businesses. This acquisition spans many of our existing core markets and adds significant aftermarket revenue, and opens up new adjacent industry opportunities for LCI.”

String of Purchases

This is the fourth purchase in 2016 for Drew. On January 27th, 2016, Drew Industries acquired the business and certain assets of the pontoon furniture manufacturing operation of Highwater Marine, LLC, located in Elkhart, Indiana. Revenue of the marine furniture business acquired from Highwater Marine for the twelve months ended December 2015 was estimated to be $20 million. The purchase price was $10.0 million. Additionally, the parties also entered into a five year supply agreement as part of the transaction.

The company acquired on February 29th, 2016, certain assets and business from Flair Interiors, Inc., a manufacturer of RV furniture with locations in Goshen and Fort Wayne, Indiana. Sales of the acquired business for 2015 were approximately $25 million. The purchase price was $8.1 million.

On May 4th, 2016, Drew Industries acquired Project 2000 S.r.l., a Florence, Italy based manufacturer of motorized entry steps, bed lifts, and RV accessories for a price of €16.3 million (US$18.8 million). Sales of the acquired business for 2015 were approximately €10 million (US$12 million).

Stock Performance

Drew Industries’ share price finished yesterday’s trading session at $88.71, sliding 4.17%. A total volume of 400.08 thousand shares exchanged hands, which was higher than the 3 months average volume of 226.44 thousand shares. The stock has rallied 37.79% and 44.99% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the company have surged 47.40%. The stock is trading at a PE ratio of 20.59 and has a dividend yield of 1.35%.

Earnings Alert: Drew will release its Q3 2016 financial results before the market opens on November 3rd, 2016, and will also host a conference call on the same day at 11 a.m. ET to discuss the results and other business matters.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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SOURCE: Active Wall Street

ReleaseID: 447881

LONDON, UK / ACCESSWIRE / October 28, 2016 / Active Wall St. announces its post-earnings coverage on Schlumberger Ltd (NYSE: SLB). The company released its financial results for the third quarter fiscal 2016 (Q3 FY16) on October 20, 2016. The Houston, Texas-based company’s revenues decline 17% y-o-y, while its GAAP diluted EPS plummeted 83% y-o-y. Register with us now for your free membership at: http://www.activewallst.com/register/.

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Earnings Reviewed

During the quarter ended on September 30, 2016, Schlumberger reported revenue of $7.02 billion compared to $8.47 billion recorded at the end of Q3 FY15. The market had expected the company to report total revenue of $7.13 billion. During the reported quarter, revenue also declined 2% on a sequential basis.

The oil and natural gas producing company reported GAAP net income of $176 million, or $0.13 per diluted share, in Q3 FY16 compared to $989 million, or $0.78 per diluted share, in Q3 FY15. The company’s non-GAAP income (excluding charges and credits), came in at $353 million, or $0.25 per diluted share, in Q3 FY16 versus $989 million, or $0.78 per diluted share, in Q3 FY15. Non-GAAP, net income numbers for Q3 FY16 outperformed market expectations of $0.22 per diluted share.

Operating-Metrics

In Q3 FY16, Schlumberger’s pretax operating income declined 46% y-o-y to $815 million from $1.52 billion in Q3 FY15. Pretax operating margin for Q3 FY16 came in at 11.6% of revenues versus 18.0% of revenues in the year ago comparable period. However, sequentially pretax operating margin improved 119 basis points as the company steadily progressed in its transformation program.

Segment Performance

For Q3 FY16, the company’s Reservoir Characterization Group reported revenues of $1.69 billion compared to $2.38 billion in Q3 FY15. Furthermore, the group’s pretax operating margin declined to 19.1% of total revenues in Q3 FY16 from 25.9% of total revenues in Q3 FY15.

Drilling Group contributed $2.02 billion to total revenues during Q3 FY16 compared to $3.22 billion in Q3 FY15. Additionally, pretax operating margin for the reported quarter stood at $218 million, or 10.8% of revenues, versus $594 million, or 18.4% of segment revenues, in Q3 FY15.

The company’s Production Group revenues declined 29% y-o-y during Q3 FY16 to $2.08 billion. The segments pretax operating margin also declined to $98 million, or 4.7% of segment revenues, in Q3 FY16 from $327 million, or 11.2% of segment revenues, in the year ago quarter.

Schlumberger’s Cameron Group’s revenue has plummeted 40% y-o-y in Q3 FY16 to $1.34 billion. Furthermore, the segment’s pretax operating margin declined to $215 million, or 16.0% of revenues, in Q3 FY16 from $390 million, or 17.6% of revenues, in the last year comparable quarter.

Regional Contribution

During the reported quarter, overall revenues from North America declined 2% sequentially to $1.70 billion. However, excluding Cameron Group results, land revenue grew 14% sequentially. In Q3 FY16, the company reported growth in drilling and fracturing activity as the average US land rig count increased sequentially and fracturing stage count increased 17%.

Latin American region’s revenue fell 1% sequentially to stand at $992 million in Q3 FY16. The company attributed this decline to lower drilling and production activity in Brazil and Argentina along with a decline in rig count in Colombia and Venezuela.

In Q3 FY16, Europe/CIS/Africa area saw revenue fell 4% sequentially to $1.87 billion due to decreased rig count in the region and delayed project status in Nigeria.

Schlumberger generated $2.39 billion of its total revenues from Middle East and Asia regions, which fell 1% sequentially. The decline was attributed to lower activity in Indonesia, the UAE, and the South East Asia GeoMarkets.

Cash Flow & Balance Sheet

During first nine months of FY16, Schlumberger’s cash flow from operations came in at $4.25 billion compared to $6.63 billion in the previous year’s comparable quarter. The company reported free cash flow of $1.48 billion in the nine months ended September 30, 2016 versus $4.16 billion recorded in the nine months ended September 30, 2015. At the close of books in the reported quarter, Schlumberger had $10.76 billion in cash and short-term investments compared to $13.03 billion at the close of books on December 31, 2015. Additionally, the company’s long-term debt increased to $17.54 billion on September 30, 2016, from $7.49 billion on September 30, 2015.

Stock Performance

Schlumberger’s shares are trading slightly down by 0.52%, closing Thursday’s session at $79.60 on volume of 3.91 million shares. The stock has advanced 2.04% in the last month. Additionally, the company’s shares gained 16.44% since the beginning of the year. Shares of the company have a dividend yield of 2.51% and currently have a market cap of $114.17 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 447879

ADSUM will take Place in Beautiful Aspen, Colorado from December 2-5, 2016

LOS ANGELES, CA / ACCESSWIRE / October 28, 2016 / The founders of The Offersmith, the premier offer management company in the online direct marketing space, are pleased to announce that they will sponsor the Attendee Bag insert at the upcoming ADSUM conference. ADSUM will take place from December 2-5, 2016 in Aspen, Colorado.

To learn more about The Offersmith and the innovative services that they provide, please visit http://www.theoffersmith.com/.

As a spokesperson for The Offersmith noted, the Christian company, which was founded in 2014, provides MID and Campaign Management services along with software and consulting solutions to their clients. Drawing on over a decade of experience, The Offersmith has developed sound business strategies to mitigate the numerous risks and hurdles that many trial continuity businesses face on a day to day basis.

Serving clients around the globe, The Offersmith has streamlined processes, decreased the learning curve and increased profitability for an ever growing number of companies. With their proven ability to dive deep into the data of an offer, they’ve developed reporting and analytics that allow them to push offers into the black faster and more efficiently. Using proprietary methods, they are able to ensure merchant processing account health is kept at the highest priority, allowing their clients to realize long term stability in their offers.

“The Offersmith employs an in-house team of data analysts, programmers, accountants and account managers to ensure timely delivery of business and financial reporting, as well as developing software tools that aid both managed and outside offers,” noted the spokesperson, adding that the team at The Offersmith prides itself on staying at the forefront of the ever changing industry.

The Christian foundation that The Offersmith has been built upon creates a relationship of transparency and trust with each one of their clients, the spokesperson said. Their innovative processes and products allow their clients to realize the full potential of their offers and companies.

As Nate Lind, founder of ADSUM noted, for advertisers and merchants that rely on affiliates and networks for distribution, ADSUM is the one and only conference dedicated to:

• Helping merchants build their businesses by providing sound, in the trenches, business building strategies, actionable tactics and insights for advertisers by advertisers.

• Providing exclusive scenarios that act as fertile ground for the formation of strategic connections and alliances among advertisers and between corporate sponsors as well.

ADSUM is unlike all other events that dedicate themselves to serving the interests of affiliates; instead, it is dedicated to the merchant/advertiser of products for sale online, Lind noted.

“We are very excited to be a part of ADSUM Aspen this year as most trade shows are just that, shows,” noted the company spokesperson for The Offersmith.

“We found very early on that it was the afterhours events and scheduled meetings that were most fruitful at the other big shows. ADSUM gives us the opportunity to connect with like-minded offer owners directly, to learn from our peers in the industry.”

About ADSUM and The Offersmith:

ADSUM is a conference for online advertisers, merchants, and retailers to cultivate networking and collaboration to enhance the performance marketing industry. Founded in 2014, The Offersmith has quickly become the premier offer management company in the online direct response marketing space. For more information, please visit http://www.adsum.net/starthere/ and http://www.theoffersmith.com/.

Contact:

Belinda Stevens
admin@rocketfactor.com
(949) 555-2861

SOURCE: The Offersmith

ReleaseID: 447888

The musical follows the life and challenges of Hollywood director and transgender pioneer Ed Wood

LOS ANGELES, CA / ACCESSWIRE / October 28, 2016 / Ed Wood the musical announces its official intent to create an inspiring show that follows the life and achievements of one of Hollywood’s most iconic movie makers, Ed Wood.

To learn more about Ed Wood the musical, please visit: https://goo.gl/1KG1yu.

In 1994, Tim Burton and Johnny Depp created the critically acclaimed movie, Ed Wood. The movie showcased the life and times of the famous director, but according to Michael Arabian, who is the creator of Ed Wood the musical, many important facts about Ed’s life were left out.

“Ed Wood the Musical pulls back the tinsel town curtain of Ed Wood’s life and pays tribute to his legacy,” says Arabian. “Ed was a charismatic figure who created an ensemble of zany, lovable monsters, from Bela Lugosi to Tor Johnson, Vampira and the amazing Criswell. His life exemplified irony: a marine, a husband, writer, director and transvestite in a time when that was fraught with danger.”

Arabian’s musical will take popular genres from the 50s and 60s like surf, rock and roll, jazz, Latin, and turn them into pieces that outline Ed’s life during his hayday.

The songs will explore Ed’s most difficult challenges such as being a cross dresser- exemplified in such pieces as “Glen or Glenda” and “Angora,” and dealing with the inevitable challenges of filmmaking in “Hollywood Rat Race.”

The musical has attracted a wide variety of talent, including song writer Rick Tell. Michael Arabian, who will direct the musical, has directed and produced numerous world, West Coast, Los Angeles and New York premieres; achieving over 50 awards during his illustrious career.

Just as Ed would have wanted it, the musical aims to lift the spirits of all who see it. There will be a giant squid on stage, an oversized brain, tesla-like electrodes firing off in every direction, and even flying saucers buzzing the audience’s heads as they sing along to catchy numbers.

In order to offset some of the costs associated with bringing a musical of this size to stage, Arabian and his team have taken their idea to the pages of Indiegogo. Donators will be awarded a variety of perks, including tickets to the opening production, and even being listed as an executive producer while being welcomed with open arms to the production.

Ed Wood the musical is an inspiring show that hopes to motivate people to go after their dreams. According to Arabian, the audience will leave the theater thinking: “If Ed Wood could follow his dream, so can I.”

About Ed Wood the Musical:

Ed Wood the Musical is a theater production that captures the life and achievements of the famous Hollywood director, Ed Wood. The producers plan to donate a portion of the full theatrical production net proceeds to LGBT community causes. To learn more, please visit: https://goo.gl/1KG1yu.

Contact:

Robin Henry
admin@rocketfactor.com
(949) 555-2861

SOURCE: Ed Wood the Musical

ReleaseID: 447887

VANCOUVER, BC / ACCESSWIRE / October 28, 2016 / CopperBank Resources Corp. (“CopperBank” or the “Company”) (CSE: CBK) is pleased to update investors and shareholders that a comprehensive review of CopperBank’s existing portfolio has continued over the past several months. The purpose of the review is to maximize CopperBank’s value which could be accomplished in various ways including continuing to hold or “bank” these and additional copper projects at low costs and/or seek a form of divesture of certain assets through spin-out or potential partnerships. CopperBank management is exploring these options to strategically enhance shareholder value. Investors are encouraged to view the interactive video presentation on the company’s website – the lead video on the “energy zone” button – at www.copperbankcorp.com.

The company wishes to update that a total of CDN$100,000 owed to company management has been settled in common shares in the company at a deemed price of 0.10 per share. A total of 1 million shares will be issued to settle this amount and will have a four month hold from date of issuance.

The Company also announces that Mr. Todd Hilditch resigned, effective September 28, 2016, as a director of the company to focus on his own current endeavours and will remain as a strategic advisor to CopperBank. The Company wishes to thank Mr. Hilditch for the early-stage contribution he made in the formation of CopperBank and looks forward to his important input as a strategic advisor.

On behalf of CopperBank Resources Corp.

“Gianni Kovacevic”
Executive Chairman

Address: Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Tel: 604-889-0852
E-mail: gk@copperbankcorp.com
Website: www.copperbankcorp.com

Certain information in this release may constitute “forward-looking information” under applicable securities laws and necessarily involve risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and CopperBank does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of CopperBank’s expectations or beliefs regarding future events. In certain cases, forward-looking information can be identified by the use of words such as “plans”, or “believes”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the Company’s ongoing review of its existing portfolio, the involvement of CopperBank in any potential divestiture, spin-out, partnership or other transactions involving the Company’s portfolio
assets, and the ability of the Company to complete any such transactions, the ability of CopperBank to enter into transactions that will ultimately enhance shareholder value, and the anticipated issuance of one million shares in connection with the satisfaction of certain loans between CopperBank and management. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to the Company’s ability to identify and complete one or more transactions involving the Company’s portfolio assets that enhance shareholder value as part of management’s ongoing review of strategic alternatives in the current market conditions. By its very nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking information. Such factors include, but are not limited to, the risk that the Company will not be able to identify and complete one or more transactions involving the Company’s portfolio assets that enhance shareholder value as part of management’s ongoing review of strategic alternatives in the current market conditions. Although CopperBank has attempted to identify important factors that could cause actual actions, events or results to differ materially from forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated by such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. For more information on CopperBank and the risks and challenges of its businesses, investors should review the continuous disclosure filings that are available under CopperBank’s profile at www.sedar.com.

SOURCE: CopperBank Resources Corp.

ReleaseID: 447863