Upcoming AWS Coverage on Hertz Global Holdings Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 21, 2017 / Active Wall St. announces its post-earnings coverage on Red Rock Resorts, Inc. (NASDAQ: RRR). The Company disclosed its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on March 07, 2017. The Las Vegas-based Company’s quarterly net revenues grew on a year-over-year basis, thus outperforming market consensus estimates. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of Red Rock Resorts’ competitors within the Rental & Leasing Services space, Hertz Global Holdings, Inc. (NYSE: HTZ), reported on February 27, 2017, its Q4 2016 and full year financial results. AWS will be initiating a research report on Hertz Global in the coming days.

Today, AWS is promoting its earnings coverage on RRR; touching on HTZ. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

During the quarter ended on December 31, 2016, Red Rock Resorts’ net revenues were $394.55 million compared to $347.95 million recorded at the end of Q4 FY15. Net revenue numbers for Q4 FY16 topped market consensus estimates of $393.67 million. The Company’s Casino revenues rose during Q4 FY16 to $254.84 million from $238.56 in last year’s comparable quarter. Food and beverage revenues were also up to $74.04 million in Q4 FY16 from $63.67 million in the year ago same quarter. Furthermore, Room revenues grew to $43.30 million in the reported quarter from $30.58 million in Q4 FY15.

The hotel and casino operator reported net income attributable to Red Rock Resorts of $20.40 million, or $0.37 per diluted Class A share, in Q4 FY16, compared to $48.70 million, or $0.54 per diluted Class A share, in Q4 FY15. Wall Street had expected the Company to report net income attributable to Red Rock Resorts of $0.35 per diluted Class A share.

In FY16, Red Rock Resorts’ revenue came in at $1.45 billion compared to $1.35 billion in the previous year. The Company reported net income attributable to Red Rock Resorts of $91.97 million, or $1.03 per diluted share, in FY16 versus $137.66 million, or $1.53 per diluted sharein FY15.

Operational Metrics

For the reported quarter, the Company’s total operating costs and expenses were $322.29 million versus $263.68 million in the prior year’s corresponding quarter. The Company’s operating income for Q4 FY16 came in at $72.26 million compared to $84.28 million in Q4 FY15. The Company reported adjusted EBITDA of $124.79 million for Q4 FY16 versus $125.83 million in the last year’s comparable quarter.

Segment-Wise

Las Vegas Operations segment’s net revenues increased 13.0% in Q4 FY16 to $363.59 million from $321.62 million in Q4 FY15. However, the segment’s adjusted EBITDA decreased 3.9% in Q4 FY16 to $105.73 million from $110.04 million in the prior year’s same period. Furthermore, adjusted EBITDA margin fell 510 basis points to 29.1% in Q4 FY16.

The Company’s Native American segment contributed $29.56 million of net revenues in Q4 FY16 compared to $24.99 million in Q4 FY15. The segment’s adjusted EBITDA was $25.11 million in Q4 FY16, which rose 17.9% from $21.29 million in the prior year’s comparable period.

Red Rock Resorts’ Corporate and Other net revenues increased to $1.41 million in Q4 FY16 from $1.34 million in the previous year’s same period. Meanwhile, the Corporate and other segment reported negative adjusted EBITDA of $6.05 million in Q4 FY16 compared to negative adjusted EBITDA of $5.50 million in Q4 FY15.

Cash Flow and Balance Sheet

In the year ended December 31, 2016, net cash provided by operating activities was $346.21 million compared to $349.44 million in FY15. As on December 31, 2016, the Company had $133.78 million in cash compared to a cash balance of $116.43 million as on December 31, 2015. The Company reported long-term debt of $2.38 billion in its books of accounts as on December 31, 2016, rising from $2.07 billion as on December 31, 2015. Furthermore, as on December 31, 2016, debt (net of excess cash) to adjusted EBITDA ratio was 4.8 times and interest coverage was at 4.6 times.

Dividend

In a separate press release on March 01, 2017, Red Rock Resorts’ Board of Directors declared a cash dividend of $0.10 per Class A common share for Q1 FY17. The dividend will be payable on March 31, 2017, to all stockholders of record as of close of business on March 15, 2017.

IPO

The Company had announced the pricing of its initial public offering of 27.25 million Class A common stock at a price of $19.50 per diluted on April 26, 2016. The shares began trading on April 27, 2016, on the NASDAQ Stock Market, under the symbol “RRR.”

Acquisition

On May 10, 2016, Red Rock Resorts announced it has entered into a definitive agreement to acquire the Palms Casino Resort in Las Vegas, Nevada for total cash consideration of $312.5 million.

Stock Performance

At the close of trading session on Monday, March 20, 2017, Red Rock Resorts’ stock price ended the day flat at $22.19. A total volume of 331.86 thousand shares were exchanged during the session. The Company’s shares are trading at a PE ratio of 7.80 and have a dividend yield of 1.80%. The stock currently has a market cap of $2.57 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:

Email: info@activewallst.com

Phone number: 1-858-257-3144

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: 457809

Upcoming AWS Coverage on Embraer Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 21, 2017 / Active Wall St. announces its post-earnings coverage on KLX Inc. (NASDAQ: KLXI). The Company posted its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on March 06, 2017. The distributor and value added service provider of aerospace fasteners and consumables outperformed earnings expectation. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of KLX Inc.’s competitors within the Aerospace/Defense Products & Services space, Embraer S.A. (NYSE: ERJ), reported on March 09, 2017, its fourth quarter and fiscal year 2016 results and 2017 outlook. AWS will be initiating a research report on Embraer in the coming days.

Today, AWS is promoting its earnings coverage on KLXI; touching on ERJ. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

In Q4 FY16, KLX reported net revenue of $382.0 million which increased 6.6% compared to $358.2 million for the same period in the prior year, driven by revenue increase in its Aerospace Solutions Group. The Company’s reported numbers lagged behind analysts’ consensus of $393 million.

KLX reported in Q4 FY16, net earnings of $19.0 million, or $0.36 per diluted share, compared to a net loss of $10.3 million, or $0.20 per diluted share, which improved $29.3 million, or $0.56 million per diluted share, on a y-o-y basis. The Company’s adjusted net earnings were $27.6 million, or $0.53 per diluted share, compared to loss of $4.6 million, or 0.09 per diluted share, in the year ago same period, and improved $32.2 million and $0.62 per diluted share from the prior year’s comparable period. The Company’s results surpassed Wall Street’s expectations for earnings of $0.27 per share.

In FY16, KLX reported net revenue of $1.53 billion, down 2.3% compared to $1.57 billion in the year ago corresponding period. Furthermore, the Company’s net loss was $54.6 million, or $1.05 per diluted share, in FY16 compared to net loss of $385.8 million, or $7.39 per diluted share, in FY15.

Segment Performance

During Q4 FY16, KLX’s Aerospace Solutions Group’s net sales were of $338.4 million, up by 10.6% compared to $306.1 million in Q4 FY15. The segment’s reported operating earnings improved 26% to $55.3 million compared to $43.9 million in Q4 FY15. Aerospace Solutions Group’s operating margin was 16.3%. The reported quarter operating results include approximately $1 million of Herndon integration related costs and expenses.

During FY16, Aerospace Solutions Group’s segment revenues were $1.38 billion up 4.9% on a y-o-y basis, driven principally by the contribution of Herndon’s military aftermarket business and increased aircraft maintenance activity, while operating earnings were up 8.8% to $230.2 million.

KLX’s Energy Services Group’s net sales were down 16.3% to $43.6 million in Q4 FY16 compared to $52.1 million in Q4 FY15. The segment’s operating loss declined 54.9% to $18.8 million compared to $41.7 million in Q4 FY15. In Q4 FY16, cash burn rate (EBITDA before non-cash compensation expense less capital expenditures) improved by $38.2 million, or 78.3%, to $10.6 million compared with Q4 FY15, reflecting the significant cost reductions implemented during the past year, together with the nascent turnaround in the oilfield services sector.

For the year ended January 31, 2016, Energy Services Group’s revenues were $153.2 million, a decrease of $101.7 million, or 39.9%, compared to $254.9 in the prior year, while operating loss widened by 15.9% to $91.0 million. The improvement in operating results reflects the intensive effort to consolidate facilities and align headcount with demand.

Liquidity

For the year ended January 31, 2017, KLX generated free cash flow of $115.4 million, or approximately 211% of net earnings and approximately 112% of adjusted net earnings. As of January 31, 2017, cash on hand was approximately $277 million. Total long-term debt was $1.2 billion less cash, resulting in net debt of approximately $923 million, and the Company’s net debt to net capital ratio was approximately 29%. There were no borrowings outstanding under the Company’s $750.0 million credit facility. During the reported quarter, KLX repurchased approximately $30 million of its common shares. Total share repurchases for FY16 were approximately $40.5 million at an average price of $41.20 per share.

In a separate press release on March 13, 2017, KLX announced that its Board of Directors has sanctioned an increase in the Company’s share repurchase authorization from $100 million to $200 million. Up to the date of the announcement, KLX has repurchased approximately $60 million of shares under the original authorization.

Outlook

For FY17, KLX expects net revenues to increase approximately 10% and operating earnings to grow approximately 45%. The Company’s adjusted net earnings are expected to increase approximately 40%, while free cash flow conversion ratio is expected to be 230% of net earnings and 125% of adjusted net earnings. KLX’s Aerospace Solutions Group’s revenue is forecasted to increase by a mid-single digit percentage, reflecting slower growth in the first half of the year, followed by acceleration in growth in the second half of the year. Furthermore, KLX’s Energy Services Group’s revenues are expected to increase by 30% for FY17.

Stock Performance

At the close of trading session on Monday, March 20, 2017, KLX Inc.’s share price finished the trading session at $45.90, declining 1.18%. A total volume of 282.56 thousand shares exchanged hands. The stock has surged 38.88% and 40.84% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 1.75%. The company’s shares have a PE ratio of 43.88.

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:

Email: info@activewallst.com

Phone number: 1-858-257-3144

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: 457815

DORAL, FL / ACCESSWIRE / March 21, 2017 / Santo Mining Corp. dba Cannabis Depot Company (the “Company”), (OTC PINK: SANP) announced today the successful launch of its new corporate website www.420depot.us. The goal is to provide visitors an easier experience to learn about Cannabis Depot’s services and products. The Company is also currently working on finishing its e-Commerce site; www.420depot.us, this site will be independent and also linked to the main site for the sales of its online products direct to consumers. The Company is excited to announce that Cannabis Depot (SANP) has entered into final negotiations with a high tech international solar energy company. This deal would be a major breakthrough for Cannabis Depot in the USA Cannabis space, as it would allow for SANP to immediately and rapidly grow its brand awareness for the 420Depot brand in the Cannabis Solar Growing market. SANP looks forward to announcing an update on this joint venture by the end of the week.

Mr. Franjosé Yglesias the Company’s CEO stated, “Our new website is just one more step in our focus to rapidly expand and grow the company in the cannabis sector.” Additionally Mr. Matt Arnett, CMO commented, “It is important that we start our marketing awareness of 420depot, we believe that it is our priority to brand 420depot as the brand people trust for its quality and valued products. Once the cannabis industry becomes mainstream in all 50 States, our brand will be a registered trademark and a trusted household name.”

Website: www.420depot.us
Email: info@420depot.us
Twitter: https://twitter.com/420depototc
Toll Free: 1-844-420-4203

Forward Looking Statements and Disclaimer

Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.

SOURCE: Cannabis Depot Company

ReleaseID: 457808

Upcoming AWS Coverage on 51job Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 21, 2017 / Active Wall St. blog coverage looks at the headline from Philadelphia, Pennsylvania based CDI Corp. (NYSE: CDI) (“CDI”) as the Company announced on March 20, 2017, that the Company is looking to unlock shareholder value and has begun the process of identifying and evaluating strategic options. The Company has roped in the services of global investment banking firm Houlihan Lokey Inc. (NYSE: HLI) for financial advice and help in exploring and reviewing of options. Register with us now for your free membership and blog access at:

http://www.activewallst.com/register/

One of CDI Corp.’s competitors within the Staffing & Outsourcing Services space, 51job, Inc. (NASDAQ: JOBS), reported on February 22, 2017, its unaudited financial results for Q4 2016 and FY16 ended December 31, 2016. AWS will be initiating a research report on 51job in the coming days.

Today, AWS is promoting its blog coverage on CDI and HLI; touching on JOBS. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

Sharing his views on the matter, Michael S. Castleman, President and Interim CEO of CDI said:

“As the Board carefully considers potential strategic avenues to enhance value, the management team and the thousands of associates at CDI remain focused on our ongoing transformation to accelerate growth and expand profitability. We are excited about the Company’s prospects and ability to enhance shareholder value under our transformation strategy, regardless of the outcome of a strategic alternative process.”

CDI was established in 1950 and its business is divided into four verticals – Enterprise Talent, Specialty Talent & Technology Solutions, Engineering Solutions and MRI. It offers a range of services to clients across industries like energy, chemical, aerospace & industrial equipment, infrastructure, municipal and state governments, and the US Department of Defense, etc.

Way forward

All strategic options, including the possibility of sale of the Company, will be weighed against the Company’s goals of improving sales and organizational effectiveness. The transformation plans were outlined during the announcement of CDI’s FY16 financial results. Houlihan Lokey will act as the financial advisor and guide the Company in attracting partners for the sale of the Company.

Global investment bank, Houlihan Lokey specializes in mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. For 2016, Thomson Reuters has ranked Houlihan Lokey as the No. 1 M&A advisor for all US transactions, the No. 1 global restructuring advisor, and the No. 1 Global M&A fairness opinion advisor over the past 20 years.

CDI has signaled that the entire exercise does not guarantee that it will result in a transaction and if at all there is a transaction there is again no guarantee that it will be completed. The Board of Directors of the Company will have the final say in the matter and the Company may choose not to disclose any progresses that result as a part of the strategic review process.

CDI has also informed that it is moving its Annual Shareholder Meeting to Q4 2017 so that the review can be completed and shareholders can make informed decisions based on the outcome of the strategic review.

Background

At the time of announcing its Q4 2016 and FY16 results on March 08, 2017, the Company had revealed its plans for 2017. The Company plans to focus on transformation to deliver profitable growth and improve returns to its shareholders. For attaining this transformation, the Company plans to increase sales and improve operational efficiency. CDI had laid out a five-step strategy to be implemented across the Company to achieve its goals. They include improving corporate strategy and key account management which will result in better industry penetration and increase in the number of clients. Extending of its engineering and technology services to federal government agencies both civilian and defense agencies. Bring together the Company’s Specialty Talent and Technology Solutions into the EdgeRock brand. This unit can then be put up for sale. The Company plans to create a single Center of Excellence to handle talent acquisition across all CDI’s operations. The Company plans to reduce cost, improve efficiency, and avoid complications by using uniform operating platforms and vendors across the entire organization.

Stock Performance

At the close of trading session on Monday, March 20, 2017, CDI Corp.’s share price finished yesterday’s trading session at $7.65, advancing 2.68%. A total volume of 65.90 thousand shares exchanged hands, which was higher than the 3 months average volume of 40.07 thousand shares. The stock has surged 42.72% and 26.03% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 3.38%. The stock has a dividend yield of 6.80% and currently has a market cap of $142.83 million.

Houlihan Lokey’s shares finished at $33.03, down 1.29% at the close of trading on March 20, 2017. The stock saw a volume trade of 232.62 thousand shares. The stock has been up 2.25% in the last month and 7.37% in the last quarter. The stock registered a gain of 35.63% in the last 12 months and its year-to-date performance was up 6.82%. The stock is currently trading at a PE ratio of 22.55 and has a dividend yield of 2.42%. At its last closing price, the stock’s net capitalization stands at $2.20 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:

Email: info@activewallst.com

Phone number: 1-858-257-3144

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: 457812

NEW YORK, NY / ACCESSWIRE / March 21, 2017 / BIO-key International, Inc. (OTCQB: BKYI), an innovative provider of biometric software and hardware solutions for strong and convenient user authentication, announced today that Mike DePasquale, BIO-key Chairman & CEO, will present at The MicroCap Conference on Tuesday, April 4th at 1:00 pm ET. Mr. DePasquale will also be available throughout the day for investor meetings.

The MicroCap Conference takes place in New York City at the Essex House on April 4th. The conference is an exclusive event for investors who specialize in small and microcap stocks to be introduced to and speak with management of attractive small companies, to learn from expert panels, and to mingle with other investors.

INVESTOR REGISTRATION:

To register, please visit (www.microcapconf.com) and click “Register.” On-site registration will begin on Tuesday, April 4th, at 7:00 am ET, and the conference ends with a reception in the evening. This event does not allow service providers – only portfolio managers, analysts, and private investors.

PARTICIPATING COMPANIES

For an updated list of companies, visit (http://microcapconf.com/conferences/new-york-2017/).

About BIO-key (http://www.bio-key.com)

BIO-key is Revolutionizing Authentication as our easy-to-use biometric solutions enable convenient and secure access to information and financial transactions. We eliminate passwords, PINs, tokens, and cards, and make it easy for enterprises and consumers to secure their devices, as well as information in the cloud. Our premium finger scanning devices SideTouch, SideSwipe, EcoID, and SidePass offer market-leading quality, performance, and price. Now anyone can BIO-key their world!

Investor & Media Contacts:

William Jones, Tanya Kamatu
Catalyst IR
212-924-9800
bkyi@catalyst-ir.com
Twitter: @BIO_KeyIR

News Compliments of ACCESSWIRE.

SOURCE: BIO-key International, Inc.

ReleaseID: 457748

LOS ANGELES, CA / ACCESSWIRE / March 21, 2017 / MACOM Technology Solutions Inc. (“MACOM”) and Sumitomo Electric Industries, Ltd. will showcase a joint 100 Gbps PAM-4 single wavelength (lambda) demonstration at OFC 2017, March 21 – 23, at the Los Angeles Convention Center, Los Angeles, CA, USA.

Cloud Data Centers need to maximize the data throughput in a cost-efficient manner to cope with bandwidth demands. Advanced modulation schemes, such as PAM-4, are efficient to implement in silicon and increase the amount of data transmitted over a fiber connection, while reducing the cost per bit significantly. This reinforces the importance of PAM-4 as a key technology in next generation Data Centers.

The joint solution features MACOM’s 100 Gbps, 16nm
FinFET, PAM-4 PHY, linear driver and high bandwidth, low noise transimpedance amplifier (TIA), and Sumitomo Electric’s high bandwidth Electro-Absorption Modulated Laser (EML) driving a 53Gbaud PAM-4 modulated signal over single mode fiber.

It is anticipated that the combination of these technologies will pave the way for serial 100Gbps and 400Gbps transmission, enabling lower cost and higher density optical modules required by data center operators and access networks. The industry is moving quickly to implement 100G interconnects to accommodate the massive growth of IP traffic. Single wavelength 100Gbps is transforming the industry and will enable accelerated deployment of the lowest cost 100Gbps QSFP28 and 400Gbps QSFP-DD and OSFP modules.

“Reducing cost per bit for Cloud Data Center OEMs was a key driver for this demonstration, which marks the onset of a new generation of 100G and 400G modules. Single Lambda PAM-4 highlights the significant value MACOM brings to Cloud Data Centers delivering the requisite density, reliability, and economics needed for data center deployment,” said Omar Hassen, Vice President, Connectivity, at MACOM. “We are looking forward to continuing to collaborate with Sumitomo to solve our customers’ cost, size, and density challenges.”

PAM-4, adopted by the IEEE, is expected to be the most cost-effective and efficient enabler of 100G and 400G in the data center. In a 100G application, not only does the technology reduce the number of lasers to one, it eliminates optical multiplexing, and allows single lambda 100G optical modules to work in existing switch and server line cards with QSFP cages. PAM-4 makes more efficient use of electronic and optical components by packing two bits for every symbol sent over the fiber. Single-lambda 100G PAM-4 offers the simplest architecture, lowest component count, the most streamlined data path, higher reliability, and an easy upgrade path to 400G Ethernet and beyond.

This live demonstration will be held at OFC 2017 in MACOM’s booth, #1736, and in Sumitomo Electric’s booth, #2703.

Sumitomo Electric Industries, Ltd.

Sumitomo Electric Industries, Ltd. was established in 1897. With our history in electric wire and cable manufacturing technologies, Sumitomo Electric has invested heavily over the years in research and development to expand and establish new businesses. These efforts have allowed us to create new products and new technologies, as well as diversify our business fields. Currently, we operate our businesses on a global basis in the following five segments: Automotive; InfoCommunications; Electronics; Environment & Energy; and Industrial Materials. We have been contributing to society through environmental friendly and fair business activities globally.

For more information, visit http://global-sei.com.

ABOUT MACOM:

MACOM is a new breed of analog semiconductor company – one that delivers a unique combination of high growth, diversification, and high profitability. We are enabling a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless, and satellite networks that satisfy society’s insatiable demand for information. As a pillar of the semiconductor industry, MACOM has been thriving for more than 60 years, daring to change the world for the better, through bold technological strokes that deliver true competitive advantage to customers and superior value to investors.

For more information about MACOM, please visit www.macom.com.

DISCLAIMER FOR NEW PRODUCTS:

Any express or implied statements in MACOM product announcements are not meant as warranties or warrantable specifications of any kind. The only warranty MACOM may offer with respect to any product sale is one contained in a written purchase agreement between MACOM and the purchaser concerning such sale and signed by a duly authorized MACOM employee, or, to the extent MACOM’s purchase order acknowledgment so indicates, the limited warranty contained in MACOM Connectivity’s standard Terms and Conditions for Quotation or Sale, a copy of which may be found at: http://www.macom.com/purchases.

Media Contacts:

Effie Favreau
Global Marketing
efavreau@sei-device.com

Ozzie Billimoria
MACOM Technology Solutions Inc.
978-656-2896
ozzie.billimoria@macom.com

SOURCE: Sumitomo Electric Industries, Ltd.

ReleaseID: 457769

NEW YORK, NY / ACCESSWIRE / March 21, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and micro-cap public companies is issuing a comprehensive report with no obligation on Agrieuro Corp. (OTC PINK: EURI). Aquaculture is estimated to be a 200 billion dollar market by 2020 and now far exceeds the production of natural sources such as oceans and lakes. For instance, over 90% of current shrimp consumption in United States comes from farmed and imported sources. EURI (“EURI”) is expecting to harvest a record amount of reed in 2017, far exceeding its 2016 harvest. In spite of that, management is confident that the harvest will be sold out well before it’s ready to deliver.

The company’s stock has unsurprisingly found enormous strength in the recent past. EURI reported an increase in the stock price backed by recent announcements laying the foundation for expanding its market size and overall business growth.

Agrieuro’s revenue drivers, recent announcements and financials are discussed here READ MORE

Copy and paste to your browser may be required to view the report- http://tradersnewssource.com/agrieuro-corp/.

Under Aquaculture division, EURI is a farmer of aquatic organisms such as fish, crustaceans, mollusks and aquatic plants. It involves cultivating freshwater and saltwater populations under controlled conditions, and can be contrasted with commercial fishing, which is the harvesting of wild fish. Consumption from aquaculture farming has overtaken consumption of wild-caught fish and this trend appears to be set to continue.

There is a comprehensive full report on Agrieuro’s business available READ MORE.

Copy and paste to your browser may be required to view the report- http://tradersnewssource.com/agrieuro-corp/.

DISCLOSURE

Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS 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, NASDAQ and OTC exchanges. 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.

TNS 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 chartered financial analyst, for further information on analyst credentials, please email editor@tradersnewssource.com. Vikas Agrawal, a CFA® charter holder (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 per the procedures outlined by TNS. TNS 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. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

TNS, 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. TNS, 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, TNS, 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 TNS 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.tradersnewssource.com.

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer be featured on our coverage list, contact us via email between 09:30 EST to 16:00 EST from Monday through Friday at: editor@tradersnewssource.com

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

CONTACT:

editor@tradersnewssource.com

SOURCE: Traders News Source

ReleaseID: 457779

VANCOUVER / ACCESSWIRE / March 21, 2017 / Canarc Resource Corp. (“Company or Canarc”) (TSX: CCM) (OTCQB: CRCUF), (FSE: CAN) announces that it has executed and closed a definitive agreement (the “Agreement”) with American Innovative Minerals LLC. (“AIM”), whereby Canarc acquired through its wholly owned Nevada based subsidiary called “AIM US Holdings” 100% of AIM’s outstanding securities for a total purchase price of US$2 million that has been paid at closing.

Canarc now owns 10 gold exploration properties, two of which have previously estimated historic gold resources, in Nevada, one gold project in Idaho, two royalty interests on other properties as well as data on 500 Nevada exploration properties and an additional 100 exploration properties in Montana and the western USA.

Future Plans

Canarc has already commissioned an updated NI 43-101 resource report on the main asset in the portfolio, the Fondaway Canyon gold project. The updated resource report is targeted for completion in April 2017.

Fondaway Canyon has historical Indicated resources of 409,000 ounces of gold at an average grade of 6.18 g/t gold within 2,050,000 tonnes and Inferred resources of 660,000 ounces of gold at an average grade of 6.4 g/t gold within 3,200,000 tonnes, using a cut-off grade of 3.43 g/t gold. These resources are historical estimates and a qualified person for Canarc has not done sufficient work to reclassify them as a current mineral resource. As a result the historical estimate is not being treated as a current mineral resource. Details of the historical gold resource can be found in the December 20, 2016 news release issued by Aorere Resources a New Zealand Exchange listed company.

Canarc is also planning to retain an experienced Nevada focused geologist in order to complete an in depth review of all projects and prioritize exploration targets for drilling. Management’s review of Fondaway Canyon recognized significant potential to verify the historic resources and expand them along strike and at depth.

Current Cash

Following the closing of the AIM acquisition Canarc’s cash position remains robust holding approximately C$8 million cash and equivalents.

Qualified Person

Garry Biles, P. Eng, President & COO for Canarc Resource Corp, is the Qualified Person (as defined in NI 43-101) who reviewed and approved the contents of this news release.

“Catalin Chiloflischi”
____________________
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.

About Canarc Resource Corp. – Canarc is a growth-oriented, gold exploration and mining Company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on acquiring operating or pre-production stage gold-silver-copper mines or properties in the Americas and further advancing its gold properties in Nevada and BC.

For More Information – Please contact:

Catalin Chiloflischi, CEO
Toll Free: 1-877-684-9700
Tel: (604) 685-9700
Fax: (604) 685-9744

Email: catalin@canarc.net
Website: www.canarc.net

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historic facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the planned completion of the Acquisition, potential strategic M&A transactions being contemplated by Canarc, the future performance of Canarc, and the Company’s plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “has proven”, “expects” or “does not expect”, “is expected”, “potential”, “appears”, “budget”, “scheduled”, “estimates”, “forecasts”, “at least”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will be taken”, “occur” or “be achieved”.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, the Company’s ongoing due diligence review in relation to the Acquisition, risks related to the uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company’s ability to continue as a going concern; the Company’s ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

SOURCE: Canarc Resource Corp.

ReleaseID: 457799