Upcoming AWS Coverage on Brunswick

LONDON, UK / ACCESSWIRE / March 30, 2017 / Active Wall St. announces its post-earnings coverage on Movado Group, Inc. (NYSE: MOV). The Company reported its financial results for the fourth quarter fiscal 2017 (Q4 FY17) and full year 2017 (FY17) on March 20, 2017. The Paramus, New Jersey-based Company’s quarterly net sales was down by 8.7% y-o-y. Register with us now for your free membership at:

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One of Movado Group’s competitors within the Recreational Goods, Other space, Brunswick Corp. (NYSE: BC), is estimated to report earnings on April 27, 2017. AWS will be initiating a research report on Brunswick following the release of its earnings results.

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

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Earnings Reviewed

In Q4 FY17, Movado’s net sales fell to $130.79 million from $143.26 million reported in Q4 FY16. Net sales for the reported quarter lagged behind market expectations of $137.11 million. Moreover, on a constant dollar basis, net sales declined 7.5% y-o-y in Q4 FY17.

The watchmaker reported net income attributable to Movado of $5.23 million, or $0.22 per diluted share, in Q4 FY17 compared to $7.89 million, or $0.34 per diluted share, in Q4 FY16. Wall Street had expected the Company to report net income of $0.23 diluted per share. Meanwhile, in Q4 FY16, the Company’s adjusted net income, excluding $1.33 million of expenses, net of tax, related to operating efficiency initiatives and other items, came in at $9.22 million, or $0.40 per diluted share.

For full year FY17, Movado’s net sales were $552.75 million, down 7.1% from $594.92 million reported in FY16. The Company reported net income attributable to Movado of $35.06 million, or $1.51 per diluted share, in FY17 compared to $45.09 million, or $1.90 per diluted share, in FY16. Additionally, the Company’s adjusted net income attributable to Movado for FY17 came in at $37.06 million, or $1.59 per diluted share, versus $48.96 million, or $2.06 per diluted share, recorded in FY16.

Operating Metrics

During Q4 FY17, Movado’s gross profit was $64.69 million, or 49.5% of sales, compared to $75.35 million, or 52.6% of sales, in previous year’s same quarter. The Company had reported adjusted gross profit of $75.28 million, or 52.5% of sales, in Q4 FY16. The Company attributed the decline in adjusted gross margin to unfavorable shift in channel and product mix, partially offset by the favorable impact of changes in foreign currency exchange rates.

In the reported quarter, operating income declined to $7.44 million from $11.54 million in Q4 FY16. Furthermore, the adjusted operating income during Q4 FY16 which excludes $1.33 million of expenses, net of tax, related to operating efficiency initiatives and other items, came in at $12.87 million.

Cash Flow & Balance Sheet

During the year ended on January 31, 2017, Movado’s cash provided by operating activities totaled $58.42 million compared to $74.59 million in in the year ago same period. The Company had cash and cash equivalents balance of $256.28 million as on January 31, 2017, compared to $228.19 million at the close of books on January 31, 2016. Furthermore, the Company’s long-term loans payable to bank decreased to $25.00 million as on January 31, 2017, from $35.00 million as on January 31, 2016.

Dividend and Share Repurchase

In its earnings press release, Movado’ Board of Directors declared cash dividend in the amount of $0.13 for each share of the Company’s outstanding common stock and class A common stock, payable on April 14, 2017, to shareholders of record at the close of business on March 31, 2017.

During Q4 FY17, the Company repurchased approximately 20,000 shares under its share repurchase program. Furthermore, as on January 31, 2017, the Company had $46.1 million remaining under the $50.0 million share repurchase authorization which expires on September 30, 2017, subject to extension or earlier termination by the Board.

Outlook

In its guidance for full year FY18, Movado’ management expects net sales to be in the range of $515.0 million to $530.0 million. Operating income for FY18 is forecasted to be between $50.0 million and $55.0 million. Additionally, the Company projects net income during FY18 to be in the range of $33.0 million to $36.3 million, or $1.40 to $1.55 per diluted share. The Company also informed Wall Street that FY18 outlook excludes the pre-tax charge of approximately $7.0 million to $10.0 million related to cost savings initiatives, and the Company expects the majority of this charge to be recorded in Q1 FY18.

Stock Performance

At the close of trading session on Wednesday, March 29, 2017, Movado Group’s stock price rose slightly by 0.41% to end the day at $24.30. A total volume of 72.08 thousand shares were exchanged during the session. The Company’s share price has gained 13.84% in the past six months. The Company’s shares are trading at a PE ratio of 16.11 and have a dividend yield of 2.14%. Additionally, the stock currently has a market cap of $572.02 million.

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: 458542

Upcoming AWS Coverage on McCormick & Co. Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 30, 2017 / Active Wall St. announces its post-earnings coverage on General Mills, Inc. (NYSE: GIS). The Company released its third quarter fiscal 2017 results on March 21, 2017. The maker of Cheerios breakfast cereal reported earnings that surpassed market estimates. Register with us now for your free membership at:

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One of General Mills’ competitors within the Processed & Packaged Goods space, McCormick & Co., Inc. (NYSE: MKC), announced on March 13, 2017, that it will conduct a conference call and webcast of its Q12017 financial results on Tuesday, March 28, 2017, at 8:00 a.m. ET. AWS will be initiating a research report on McCormick & Co. in the coming days.

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

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

Earnings Reviewed

For the third quarter ended February 26, 2017, General Mills’ reported net sales declined 5% to $3.79 billion compared to net sales of $4.00 billion in Q3 FY16. The Company’s Organic net sales also declined 5%, primarily reflecting volume reductions in the North America Retail segment, partially offset by benefits from positive net price realization and mix. The Company’s revenue numbers lagged behind analysts’ consensus of $3.82 billion.

For Q3 FY17, General Mills’ gross margin increased 60 basis points to 34.5% of net sales, reflecting benefits from cost-savings initiatives and favorable mark-to-market effects. The Company’s adjusted gross margin, which excludes certain items affecting comparability, increased 20 basis points to 35.0%, driven by cost-savings efforts more than offsetting the impact of volume deleverage and modest input cost inflation.

During Q3 FY17, General Mills’ operating profit totaled $542 million, down 7% from year-ago levels due to higher restructuring charges related to the recent global reorganization. The Company’s adjusted operating profit margin increased 100 basis points to 16.9%, reflecting higher gross margins, lower administrative expense, and an 8% reduction in media and advertising expense.

Net earnings attributable to General Mills totaled $357.8 million, or $0.61 per diluted share, compared to net earnings of $361.7 million, or $0.59 per diluted share. The Company’s diluted share increased 3%, driven by a lower tax rate and 3% fewer average diluted shares outstanding. The Company’s adjusted diluted EPS, totaled $0.72 in the reported quarter, up 11% on a y-o-y basis. General Mills’ earnings surpassed Wall Street’s expectations of $0.71 per share.

Segment Results

North America Retail Segment

For Q3 FY17, net sales for General Mills’ North America Retail segment totaled $2.50 billion, down 7% on a y-o-y basis, driven primarily by double-digit declines in the US Meals & Baking and US Yogurt operating units. The segment’s operating profit of $517 million was down 7% to lower volumes partially offset by benefits from cost savings initiatives.

Convenience Stores & Foodservice Segment

Net sales for General Mills’ Convenience Stores & Foodservice segment declined 1% to $448 million in Q3 FY17, with declines on certain frozen dough products partially offset by growth for the Focus 6 platforms, including cereal, biscuits, and yogurt. The segment’s operating profit increased 3% to $94 million in the reported quarter, reflecting benefits from cost savings initiatives and lower input costs.

Europe & Australia Segment

For Q3 FY17, net sales for General Mills’ Europe & Australia segment totaled $424 million, down 3% on a y-o-y basis, driven by unfavorable foreign currency exchange offsetting growth in Häagen-Dazs ice cream, Old El Paso Mexican products, and Nature Valley snacks. The segment’s operating profit of $42 million surged 25% on reported basis and 39% on constant currency, reflecting favorable mix and benefits from cost savings initiatives, partially offset by input cost inflation.

Asia & Latin America Segment

Net sales for General Mills’ Asia & Latin America segment totaled $421 million in Q3 FY17 essentially matching year-ago results. Favorable foreign currency exchange and growth in Häagen-Dazs ice cream were offset by the restructuring of the snacks business in China, the net impact of divestitures and acquisitions in FY16, and declines in Latin America driven by macro-economic challenges. The segment’s operating profit increased to $10 million from $2.5 million a year ago, reflecting benefits from currency-driven deflation on raw materials imported into certain markets, as well as the impact of divestitures in FY16.

Joint Venture Summary

During Q3 FY17, combined after-tax earnings from the Cereal Partners Worldwide (CPW) and Häagen-Dazs Japan (HDJ) joint ventures totaled $11 million, down 32% on a y-o-y basis primarily to an asset write-off for CPW and lower volume for HDJ. On a constant-currency basis, after-tax earnings from joint ventures declined 35%. Third-quarter net sales for CPW grew 4% in constant currency, and constant-currency net sales for HDJ declined 5%.

Other Income Statement Items

General Mills’ unallocated corporate items totaled $42 million net expense in Q3 FY17 compared to $78 million net expense in 2016. Excluding mark-to-market valuation effects and other items affecting comparability, unallocated corporate items totaled $22 million net expense in the reported quarter compared to $44 million net expense a year ago.

For Q3 FY17, restructuring, impairment, and other exit costs totaled $78 million compared to $17 million a year ago. An additional $28 million of restructuring and project-related charges were recorded in cost of sales during the reported quarter compared to $27 million a year ago

Cash Flow Generation and Cash Returns

General Mills’ cash provided by operating activities totaled $1.56 billion through nine months, down 16% from the prior year due to changes in trade and advertising accruals driven by reduced spending and changes in income taxes payable related to the North American Green Giant’s divestiture in FY16. Capital investments through the first nine months totaled $475 million. The Company’s dividends paid year-to-date increased 8% to $856 million. During the first nine months of 2017, General Mills repurchased 25.4 million shares of common stock for a total of $1.65 billion.

Outlook

For FY17, General Mills is forecasting organic net sales to decline approximately 4%. The Company’s constant-currency total segment’s operating profit growth is expected to be in a range of down 1% to up 1%. General Mills’ constant-currency adjusted diluted EPS is expected to increase 5 to 7% on a y-o-y basis.

Stock Performance

At the close of trading session on Wednesday, March 29, 2017, General Mills’ stock price was marginally up 0.73% to end the day at $59.44. A total volume of 2.50 million shares were exchanged during the session. The Company’s shares are trading at a PE ratio of 22.03 and have a dividend yield of 3.23%. In addition, the stock currently has a market cap of $34.37 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: 458544

Upcoming AWS Coverage on Bill Barrett Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 30, 2017 / Active Wall St. announces its post-earnings coverage on Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) and (NYSE: PBR-A). The Company posted its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on March 21, 2017. The Rio de Janeiro, Brazil-based Company’s quarterly sales revenues were down on a year-over-year basis, however it posted positive EPS for the reported quarter. Register with us now for your free membership at:

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One of Petrobras’ competitors within the Oil & Gas Drilling & Exploration space, Bill Barrett Corp. (NYSE: BBG), reported on March 02, 2017, its Q4 and full year 2016 financial and operating results, provided 2017 operating guidance and establishes initial 2018 production growth outlook. AWS will be initiating a research report on Bill Barrett in the coming days.

Today, AWS is promoting its earnings coverage on PBR and PBR-A; touching on BBG. Get our free coverage by signing up to:

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Earnings Reviewed

During Q4 FY16, Petrobras’ sales revenues came in at $21.40 billion, which was lower than $22.15 billion recorded at the end of Q4 FY15. Sales revenue for the reported quarter fell short of market consensus estimates of $22.41 billion.

The Brazil’s state-run oil Company reported net income attributable to the shareholders of $754 million, or $0.06 per share, in Q4 FY16 compared to net loss attributable to shareholders of $9.42 billion, or $0.72 per diluted share, in Q4 FY15. Market analysts had forecasted the Company to report net income of $0.20 per share in Q4 FY16.

For full year FY16, Petrobras’ sales revenues stood at $81.41 billion compared to $97.31 billion in FY15. The Company’s net loss attributable to shareholders during FY16 was $4.84 billion, or $0.37 loss per share, versus net loss of $8.45 billion, or $0.65 loss per share, in FY15.

Operating Metrics

Petrobras’ gross profit fell marginally during Q4 FY16 to $6.93 billion from $6.99 billion in the past year’s comparable quarter. Meanwhile, gross margin for Q4 FY16 and the year ago quarter remained constant at 32%. The Company reported operating income for Q4 FY16 of $3.58 billion versus operating loss of $10.45 billion in Q4 FY15. Furthermore, adjusted EBITDA increased during Q4 FY16 to $7.53 billion from $4.92 billion in the prior year’s comparable quarter.

In Q4 FY16, Petrobras’ total oil and gas production in Brazil was 2,868 thousand oil-equivalent barrels per day (kboed) up from 2,777 kboed in Q4 FY15. However, oil and gas production outside Brazil was down to 122 kboed in Q4 FY16 from 192 kboed in the prior year’s same quarter. Furthermore, net export increased during the reported quarter to 329 thousand barrels per day (kbpd) from 166 kbpd in Q4 FY15.

Cash Matters and Balance Sheet

In the quarter ended on December 31, 2016, Petrobras’ net cash provided by operating activities was $7.21 billion compared to $6.60 billion in the prior year’s corresponding quarter. The Company’s free cash flow in the reported quarter stood at $3.63 billion versus $1.93 billion in Q4 FY15.

The Company’s cash and cash equivalents balance fell to $21.21 billion as on December 31, 2016, from $25.06 billion at the close of books on December 31, 2015. Meanwhile, the Company’s net debt was down to $96.38 billion as on December 31, 2016, from $100.43 billion as on December 31, 2015. Furthermore, net debt to adjusted EBITDA ratio was 3.76 as on December 31, 2016, compared to 4.27 as on December 31, 2015.

Stock Performance

At the close of trading session on Wednesday, March 29, 2017, Petrobras’ American Depositary Shares (ADS) climbed 3.76% to end the day at $9.66. A total volume of 20.85 million shares were exchanged during the session. The Company’s share price has gained 64.85% in the past twelve months. The stock currently has a market cap of $61.58 billion.

Petrobras’ ADS for preferred share finished yesterday’s trading session at $9.26, rising 4.75%. A total volume of 6.71 million shares exchanged hands, which was higher than the 3 months average volume of 6.09 million shares. The stock has advanced 14.75% and 100.87% in the last six months and past twelve months, respectively. At Wednesday’s closing price, the stock’s net capitalization stands at $60.40 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: 458558

Many of the Products Containing the Rare Earth Magnets Have Been Re-marketed Under New Names

NEW YORK, NY / ACCESSWIRE / March 30, 2017 / A few years ago, desktop magnet sculptures were a popular gift, especially around the holidays. Made up of dozens of tiny magnetic balls, they decorated the offices of numerous executives and hard-to-shop-for bosses. Sometimes marketed under the name Buckyballs, Zen Magnets, Magnicube, or Neoballs, the little metal balls are actually rare earth magnets. As such, they are extremely powerful – so powerful, in fact, that they can cause gruesome injuries if swallowed.

After a 19-month-old child died from swallowing several of the magnets, which caused a perforated bowel, the Consumer Product Safety Commission (CPSC) banned the sale of Buckyballs and similar products in the United States in 2014. USA Today reports that about 7,700 other children suffered injuries related to ingesting the magnets.

Doctors say the magnets are dangerous because doctors don’t immediately think to look for them in the intestines when a child presents at the doctor’s office or the emergency room with stomach complaints. In the case involving the tragic death of the child who swallowed the magnets, doctors initially diagnosed her with a virus. It was only after an autopsy was performed that doctors discovered the presence of the magnets, which the child swallowed after her brothers brought home a necklace containing the magnets from school.

The Return of Deadly Rare Earth Magnets

However, the CPSC ban was not the end for the deadly magnets. After winning an appeal in court, the desktop magnet sculptures are back and are now being sold under various names just in time for the big holiday shopping rush.

According to a Popular Science report, “Since the small magnets are remarkably strong, they can attract one another even from some distance away. That means they can pull themselves together inside of you, breaking through bodily tissues to do so.”

This is not just theory – these injuries have happened repeatedly to young children across the country, including a toddler who swallowed 37 of the tiny magnets and a six-year-old who sustained intestinal injuries after ingesting 19 of the balls.

Despite these horrific injuries, an administrative law judge ruled in 2016 that the dangers posed by the magnets are outweighed by the benefits, including uses in the educational sector.

Parents: Be Wary When Buying Toys This Holiday Season

Many of the products containing the rare earth magnets have been remarketed under new names. New York Dangerous Products Lawyer Jonathan C. Reiter says, “Parents and caregivers must use extreme caution when shopping for toys that may contain these types of magnets, especially if they have young children who may put the magnets in their mouth. Always carefully read the packaging and contents before buying.”

Media Contact:

Jonathan C. Reiter Aviation Lawyer New York : T: 866-324-9211.
Jonathan C. Reiter Law Firm, PLLC
The Empire State Building
350 5th Avenue #6400
New York, NY 10118
T: (212) 736-0979

Source: http://injuryaccidentnews.jcreiterlaw.com/2017/03/22/defective-products-lawyer-talks-dangerous-magnets-allowed-back-stores/

SOURCE: Jonathan C. Reiter Law Firm, PLLC via Submit Press Release 123

ReleaseID: 458403

TORONTO, ON / ACCESSWIRE / March 30, 2017 / The Board of Directors of Roscan Minerals Corporation (TSXV: ROS.H) (“Roscan” or the “Company”) is pleased to announce that Gregory Isenor (P. Geo) has been appointed President and Chief Executive Officer (CEO) of the Company. Mr. Isenor was an integral part of the teams that discovered gold deposits in West Africa and his expertise significantly advances the Company’s objective of becoming a successful gold exploration company focused on West Africa.

Mr. Isenor is a professional geologist and businessman. Mr. Isenor holds a B.Sc. geology, (1970) from Acadia University and is a member of the Association of Professional Geologists of Nova Scotia. Since 1970, Mr. Isenor’s career path has been augmented by working for various companies on exploration projects in the energy and mineral resource industries.

Recently, Mr. Isenor was President, CEO and Director (2005 to 2017) of Merrex Gold Inc., up until Merrex was taken over by Iamgold Corporation. During that time, Merrex discovered two significant gold deposits in Mali (West Africa): the Siribaya deposit; and, with joint venture partner Iamgold, the Diakha deposit. To date, these two deposits represent a combined resource approaching approximately 2 million ounces of gold.

Previously, Mr. Isenor was the President, CEO and Director (2003 to 2005) of Jilbey Gold Exploration Ltd., until Jilbey was acquired by High River Gold Mines Limited. During Mr. Isenor’s time with Jilbey. Mr. Isenor led the team that identified the Bissa gold deposit in Burkina Faso (West Africa), which was placed into production by Nord Gold SE and has a reported resource exceeding 5 million ounces of gold.

In addition, from 1979 – 2003, Mr. Isenor worked as an independent consulting geologist on mineral exploration projects in Canada, the United States, Australia, New Zealand, Asia and Africa. As well, Mr. Isenor founded: Jubilee Minerals Inc, to develop the Jubilee zinc deposit; and, Glencoe Resources Inc. to develop the Glencoe limestone deposit. Both of these deposits are located in Nova Scotia, Canada.

To accommodate Mr. Isenor’s appointment, Mr. Chris Irwin resigned as President and CEO. Mr. Irwin remains as a director of the Company.

About Roscan Minerals Corporation

Roscan is a Canadian-based mining company focused on the exploration of gold properties in West Africa. Roscan’s initial prospective gold exploration property is the Dormaa Project in Ghana, a joint venture with Pelangio Exploration Inc., whereby the Company has an option to earn a 50% interest by spending Cdn $2 million over a 3 year period. In addition to Mr. Isenor, two Roscan directors, Mr. David Mosher and Mr. Don Whalen, led High River Gold Mines Limited, where High River discovered and built the Taparko Gold Mine in Burkina Faso (West Africa). The Company’s shares are listed on the NEX board of the TSX Venture Exchange, trading under the symbol ROS.H

For further information, please contact:

Mark McMurdie,
Chief Financial Officer
Tel: (416) 293-8437
Email: info@roscan.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

SOURCE: Roscan Minerals Corporation

ReleaseID: 458566

Upcoming AWS Coverage on Reading International Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 30, 2017 / Active Wall St. blog coverage looks at the headline from AMC Entertainment Holdings, Inc. (NYSE: AMC) as the Company announced on March 28, 2017, that it has completed the acquisition of Nordic Cinema Group Holding AB, based in Stockholm. The acquisition was announced on January 23, 2017, where AMC agreed to pay $929 million to purchase Nordic Cinema Group from European private equity firm Bridgepoint and Swedish media group, Bonnier Holding in an all-cash transaction. Register with us now for your free membership and blog access at:

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

One of AMC Entertainment Holdings’ competitors within the Movie Production, Theaters space, Reading International, Inc. (NASDAQ: RDI), reported on March 13, 2017, its results for the year-ended and quarter-ended December 31, 2016. AWS will be initiating a research report on Reading International in the coming days.

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

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

Nordic Cinema Group

Nordic Cinema Group currently holds 68 theatres, 463 screens, and about 68,000 seats in nearly 50 large and medium-sized cities in the Nordic and Baltic nations. The Company is quite noticeably the largest theatre operator in the region. Nordic reported about $349 million of revenue for FY15, which included box office revenues of $229 million. For the twelve-month period ended September 30, 2016, the net revenue for Nordic Cinema Group was $375 million.

The addition of Nordic Cinema Group to AMC’s portfolio has enabled AMC to hit the never-before-reached movie exhibitor milestones of 1,000 theatres and 11,000 screens across the globe. AMC currently operates theatres in 15 countries and is the largest operator in the US, Europe and worldwide.

Strategic Benefits

AMC expects to realize approximately $5 million of annual cost synergies and expects to maintain its current quarterly dividend. AMC recently announced its quarterly dividend for Q4 FY16, ending December 31, 2016, on February 14, 2017. The Company reported quarterly dividend of $0.20 per share of Class A and Class B common stock for Q4 FY16.

Nordic Cinema Group is the current market share leader in five of the seven countries in which it operates. AMC, which is also a market leader in nine countries, expects to leverage this potential to establish itself as the global leader. The Nordic Cinema Group’s acquisition broadens and diversifies AMC’s European platform while creating an established presence for AMC across 15 countries with approximately 1,000 theatres and 11,000 screens. This positions AMC with large-scale diversification and multiple growth opportunities.

Nordic Cinema Group has an active growth portfolio with 10 theatres under active development or re-development across six nations, where most of them are expected to open by the end of FY17 and FY18. Nordic theatres are highly profitable with lucrative operating margins and free cash flow generation. As Nordic has recently updated its circuit, AMC anticipates minimal capital expenditures for the existing theatres.

AMC Growth Prospects

The acquisition of Nordic Cinema Group is set to expand AMC’s foothold in the entertainment business. The Company has executed a definite expansion strategy to leverage expertise and infrastructure of leading market players in the theatre operating industry. Recently, on January 19, 2017, AMC announced that the number of IMAX at AMC’s locations is expected to grow 15% on a y-o-y basis by the end of Q1 FY17.

Prior to the announcement, AMC acquired Carmike on December 21, 2016, for approximately $1.1 billion where Carmike’s shareholders received approximately $33.06 in cash for each Carmike’s share. The Company also acquired Odeon and UCI Cinemas Holdings for approximately $1.2 billion on November 30, 2016. The acquisition of Carmike and Odeon raised the theatrical footprint of AMC to about 900 locations while enabling it to expand its presence in the low-cost multiplexes in rural parts of the nation.

Details of the transaction

AMC has completed the purchase in an all-cash transaction of $651.9 million which includes payment of interest on the equity value and repayment of shareholder loans. Additionally, AMC has repaid indebtedness of Nordic Cinema Group of about $144.3 million and indebtedness of $168.2 million as of March 28, 2017.

Stock Performance

AMC Entertainment’s share price finished yesterday’s trading session at $30.95, climbing 1.31%. A total volume of 1.38 million shares exchanged hands, which was higher than the 3 months average volume of 1.23 million shares. The stock has advanced 0.08% and 12.03% in the last six months and past twelve months, respectively. The stock is trading at a PE ratio of 27.41 and has a dividend yield of 2.58%.

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/.

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

SOURCE: Active Wall Street

ReleaseID: 458537

Upcoming AWS Coverage on Chevron

LONDON, UK / ACCESSWIRE / March 30, 2017 / Active Wall St. blog coverage looks at the headline from Exxon Mobil Corp. (NYSE: XOM). On March 29, 2017, HitecVision and its majority owned portfolio company Point Resources announced the signing of an agreement to acquire Exxon Mobil Corporation’s (NYSE: XOM) upstream business in Norway from Exxon Mobil Exploration and Production Norway AS for an undisclosed amount. Register with us now for your free membership and blog access at:

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

One of Exxon Mobil’s competitors within the Major Integrated Oil & Gas space, Chevron Corp. (NYSE: CVX), is estimated to report earnings on May 05, 2017. AWS will be initiating a research report on Chevron following the release of its earnings results.

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

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

The transaction includes a transfer of the majority of Exxon Mobil’s offshore and onshore E&P staff in Norway, a significant package of operated producing assets on the Norwegian Continental Shelf, field assets such as platforms and Floating Production Storage and Offloading vessels (FPSOs), as well as the Company’s office building in Sandnes, near Stavanger. The transaction is subject to customary regulatory and partner consents and is expected to complete in Q4 2017, with an effective date of 01 January 2017.

On completion of the transaction, the combined Company will become one of the top independent oil and gas producers on the Norwegian Continental Shelf.

Norway Assets

Production in 2016 from the combined assets was about 60,000 barrels of oil equivalent per day (boepd), of which about 54,000 from the Exxon Mobil operated fields. With an asset portfolio that includes several fields in the development phase, the combined Company has the potential to grow its production base organically to over 80,000 boepd by 2022, and will have reserves and contingent resources of about 350 million barrels of oil equivalent.

The acquired business has about 300 employees, including both onshore and offshore operations staff, together with other technical and support functions. The transaction emphasizes the fact that the world’s largest listed oil firm will no longer be operating producing fields in the Norwegian continental shelf.

The business to be acquired comprises Exxon Mobil’s operated interests in the producing Balder (100%), Ringhorne (100%), and Ringhorne Øst (77%) fields. It also includes partially developed Forseti field (100%), the Jotun Unit, where production ceased in 2016 (90%) and adjoining exploration areas that contain a number of undrilled prospects. Also included in the transaction is the Jotun A floating production facility and Exxon Mobil’s Sandnes offices.

About the Investors

HitecVision is Europe’s leading private equity investor focused on the upstream offshore oil and gas industry, with USD 5 billion (NOK 42 billion) under management. HitecVision is headquartered in Stavanger with other offices in Oslo and Houston. Point Resources was formed in 2016 from the merger of Core Energy, Spike Exploration, and Pure Exploration to create a new full cycle Exploration and Production Company on the Norwegian Continental Shelf.

Stock Performance

On Wednesday, March 29, 2017, the stock closed the trading session at $82.02, rising slightly by 0.22% from its previous closing price of $81.84. A total volume of 8.49 million shares have exchanged hands. Exxon Mobil’s stock price advanced 0.86% in the last month, 0.32% in the past six months, and 0.48% in the previous twelve months. The stock is trading at a PE ratio of 43.70 and has a dividend yield of 3.66%.

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: 458561

Upcoming AWS Coverage on Air Transport Services Group Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 30, 2017 / Active Wall St. announces its post-earnings coverage on FedEx Corp. (NYSE: FDX). The Company disclosed its third quarter fiscal 2017 results on March 21, 2017. The Package delivery Company’s revenue numbers exceeded market estimates. Register with us now for your free membership at:

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

One of FedEx’s competitors within the Air Delivery & Freight Services space, Air Transport Services Group, Inc. (NASDAQ: ATSG), reported on March 07, 2017, its financial results for Q4 and fiscal year ended December 31, 2016. AWS will be initiating a research report on Air Transport Services in the coming days.

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

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

Earnings Reviewed

For the third quarter ended February 28, 2017, FedEx’s reported revenues of $15.0 billion, up 18.1% on a y-o-y basis, and surpassing analysts’ consensus of $14.96 billion. Q3 FY17 had one operating day less than Q3 FY16, which lowered revenue growth and year-over-year comparison.

FedEx reported earnings of $562 million, or $2.07 per diluted share, compared to earnings of $507 million, or $1.84 per diluted share. On an adjusted basis, the Company recorded earnings of $2.35 per diluted share compared to earnings of $2.51 per diluted share in the year ago same period. The Company’s earnings numbers missed Wall Street’s expectations of $2.62 per share.

Segment Results

During Q3 FY17, FedEx Express reported revenues of $6.78 billion, up 3% compared to revenue of $6.56 billion in the year ago same period, as higher base rates and package volume were partially offset by the negative impact from one fewer operating day. The segment’s operating income declined 2% to $586 million in the reported quarter, while operating margin came in at 8.6% compared to operating income of $595 million and operating margin of 9.1% in the year earlier same quarter. The Company’s operating income declined due to the significantly negative net impact of fuel and one fewer operating day.

During Q3 FY17, FedEx’s domestic Express package volume grew 1% on a y-o-y basis, while FedEx international export package revenue increased 4% on a y-o-y basis. During the reported quarter, FedEx international priority volume increased 5%, while international economy volume grew 2%. International export package yield increased 1%, excluding fuel and exchange rate impact, yields increased 2%, primarily driven by impact of product and destination mix.

FedEx’ revenues from the TNT Express totaled $1.79 billion for Q3 FY17, while operating income was $2 million. The TNT Express as-reported results included $16 million of intangible asset amortization expense and $22 million of integration expenses, including restructuring charges.

For Q3 FY17, FedEx Ground revenues surged 6% $4.69 billion compared to $4.41 billion in Q3 FY16. The segment’s operating income declined 8% to $515 million, while operating margin depreciated 160 bps to 11.0%. Operating results decreased due to higher rent, depreciation and staffing as a result of network expansion, the negative net fuel impact and one fewer operating day.

The Ground segment’s average daily volume increased 2% on a y-o-y basis, while Ground yield per package increased 6%, benefiting from the annual rate increase and yield improvement in both Ground and SmartPost and the ground dim devisor change.

FedEx Freight segment’s revenues increased 3% to $1.49 billion in the reported quarter compared to revenue of $1.45 billion in the year ago comparable period, driven by higher base rates and fuel surcharges. Average daily shipments were flat as the Company focuses on revenue quality in a continued weak US industrial environment. The segment’s operating income tumbled 27% to $41 million, while operating margin dropped 120 basis points to 2.7%. The Company attributed this decline to the impact from higher salaries and wages and increased information technology expenses. For the reported quarter, revenue per LTL shipment increased 4%. Excluding the impact of fuel surcharge revenue, the revenue per LTL shipment was up 2%.

Outlook

For FY17, FedEx is forecasting earnings in the range of $11.85 to $12.35 per share, excluding TNT Express-related integration expenses and other costs. Including the impact of the acquisition of TNT Express, the Company expects FY17 earnings to be in the range of 10.80 to $11.30 per share.

Stock Performanc

At the close of trading session on Wednesday, March 29, 2017, FedEx’s share price finished yesterday’s trading session at $190.92, slightly up 0.54%. A total volume of 1.65 million shares exchanged hands, which was higher than the 3 months average volume of 1.64 million shares. The stock has surged 8.13% and 19.24% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 2.75%. The stock is trading at a PE ratio of 27.05 and has a dividend yield of 0.84%.

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: 458559

Upcoming AWS Coverage on Amphastar Pharmaceuticals Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 30, 2017 / Active Wall St. blog coverage looks at the headline from Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) as the Company announced on March 29, 2017, it has received a new 510(k) clearance from the US Food and Drug Administration (FDA) for the Company’s newest product, Loyon® Skin Descaler for the treatment of skin scaling related to Dermatoses. Register with us now for your free membership and blog access at:

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One of Sonoma Pharmaceuticals’ competitors within the Drug Manufacturers – Other space, Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH), reported on March 13, 2017, its results for the three months and fiscal year ended December 31, 2016. AWS will be initiating a research report on Amphastar Pharma in the coming days.

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

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

Sonoma’s Loyon Skin Descaler is a unique and patented combination of the dry emollient Cetiol® CC and the medical silicone oil dimethicone. The product can be easily applied and spread into the cracks and crevices of the scale due to its low surface tension. The Company expects to commence US commercialization via Sonoma’s dermatology division IntraDerm Pharmaceuticals’ direct sales team in summer 2017.

Sonoma in the press release estimated that 25% of the general population has some degree of scaling associated with skin dermatoses.

“Loyon Skin Descaler has demonstrated an impressive level of efficacy in the management of multiple dermatoses including psoriasis capitis and seborrheic dermatitis since first being commercialized in Europe in 2014,” said Jeffrey Day, President of IntraDerm Pharmaceuticals, “Nearly a quarter of the US population is afflicted with scaling associated with various skin dermatoses and we believe this product, once launched, will provide this community with a most novel tool for assisting with scale removal in their patient populations.”

Payment from Sales of Latin America Business

On March 23, 2017, Sonoma announced receipt of $1.5 million in final payment for the sale of the Company’s Latin American-related assets to Invekra S.A.P.I. de C.V. of Mexico for $19.5 million in cash. The sale, which was finalized on October 28, 2016, included an initial upfront payment of $18 million with final payment of the additional $1.5 million predicated upon delivery of certain manufacturing equipment from Sonoma to Invekra.

As part of the sales agreement, Sonoma is maintaining its current manufacturing facility in Guadalajara, Mexico for production of its Microdacyn®-based products for all countries outside of the US and Latin America. Additionally, Sonoma will continue to provide technical assistance to Invekra and work closely with Invekra to protect respective intellectual property ownership.

SebuDerm™ Gel Study in Treatment of Seborrheic Dermatitis

On March 16, 2017, Sonoma announced the results of a clinical study evaluating the impact of SebuDerm™ (topical hypochlorous acid) gel in the treatment of mild to moderate facial and scalp seborrheic dermatitis.

In a 25-patient study, conducted by Zoe Draelos, MD; and president of Dermatology Consulting Services in High Point, North Carolina, two key metrics were utilized in assessing efficacy of SebuDerm: 1) investigator’s global assessment (IGA) of efficacy improvement in appearance and symptoms from baseline; and 2) the subject global assessment (SGA) of improvement in itching, burning and stinging. No adverse effects were reported and overall treatment was well tolerated by the subjects.

Author of the study, Zoe Draelos, MD, commented:

“Seborrheic dermatitis is a common condition afflicting men and women of all ages that is challenging for dermatologists to treat. While treatment options exist, recurrence is common and few options exist for disease maintenance. A new addition to the dermatologist’s armamentarium will be welcomed.”

The IGA of efficacy improvement from baseline was 33% at day 14 and 52% at day 28. The SGA of efficacy improvement from baseline was 62% through day 28.

Sonoma received a new 510(k) clearance from the US Food and Drug Administration (FDA) for the Company’s SebuDerm™ Gel as a prescription product, intended to manage and relieve the burning, itching, erythema, scaling, and pain experienced with seborrhea and seborrheic dermatitis in December 2015. The Company stated that US commercialization is underway, and the Company is also in discussions with prospective international distributors and partners to bring this advanced technology to dermatology patients throughout the globe, including Asia, Latin America and Middle East.

According to JAMA Pediatrics, an industry healthcare journal, seborrheic dermatitis is a common complaint brought to pediatricians. Also known as “cradle cap” in infants, “dandruff” in adolescents, seborrheic dermatitis is also found in the face, scalp and chest areas in adults. It is believed this condition is triggered by Malassezia yeasts. Treatment has supported a billion dollar market for over-the-counter treatments.

Stock Performance

On Wednesday, March 29, 2017, following the announcement, the stock closed the trading session at $7.23, rising 2.12% from its previous closing price of $7.08. A total volume of 326.19 thousand shares have exchanged hands, which was higher than the 3-month average volume of 41.97 thousand shares. Sonoma Pharma’s stock price soared 41.49% in the last three months, 72.97% in the past six months, and 47.55% in the previous twelve months. The company’s shares surged 43.45% since the beginning of the year. At Wednesday’s closing price, the stock’s net capitalization stands at $30.73 million.

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: 458543