Monthly Archives: June 2017

Black Iron Becomes Member of the 8020 Connect Community

TORONTO, ON / ACCESSWIRE / June 29, 2017 / Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI) is pleased to announce that it recently became a member of the 8020 Connect community. 8020 Connect is the investment industry’s newest investor network, developed to deliver corporate information to shareholders, investment industry experts and like-minded investors, while enabling these group members to interact with one another and with the Company’s management team.

Through the 8020 Connect shareholder and investor platform, Black Iron can communicate project advancements, corporate messages and financial information to all shareholders and investors in a timely and effective fashion. The 8020 Connect social media component provides a monitored and professional environment, allowing the Company to respond to questions and manage group conversations. The 8020 Connect platform and services will also provide Black Iron with an opportunity to expand its audience to other interested investors and industry experts worldwide.

There is no cost for investors to join Black Iron’s forum in the 8020 Connect community which can easily be done by going to the following website: www.8020connect.com/companies/black-iron-inc.

About Black Iron

Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske project located in Kryviy Rih, Ukraine. The Shymaniviske project contains a NI 43-101 compliant resource estimated to be 645.8 Mt Measured and Indicated mineral resources, consisting of 355.1 Mt Measured mineral resources grading 32.0% total iron and 19.5% magnetic iron, and Indicated mineral resources of 290.7 Mt grading 31.1% total iron and 17.9% magnetic iron, using a cut-off grade of 10% magnetic iron. Additionally, the Shymanivske project contains 188.3 Mt of Inferred mineral resources grading 30.1% total iron and 18.4% magnetic iron. Full mineral resource details can be found in the NI 43-101 compliant technical report dated January 24, 2014 titled “Feasibility Study of the Shymanivske Iron Ore Deposit for Black Iron Inc.” under the Company’s profile on SEDAR at www.sedar.com. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. Please visit the Company’s website at www.blackiron.com for more information.

The technical and scientific contents of this press release have been prepared under the supervision of and have been reviewed and approved by Matt Simpson, P.Eng, CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.

For more information, please contact:

Matt Simpson
Chief Executive Officer
Tel: +1 (416) 309 2138

Derek Wood
Conduit Investor Relations
+1 (403) 200 3569

Forward-Looking Information

This press release contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time, including those factors discussed in the section entitled “Risk Factors” in the Company’s annual information form for the year ended December 31, 2016 or as may be identified in the Company’s public disclosure from time to time, as filed under the Company’s profile on SEDAR at www.sedar.com. Forward-looking information may include, but is not limited to, statements with respect to the Company’s ability to communicate with the stakeholders using 8020 Connect, the Shymanivske project and future plans for the Company’s development. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “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”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE: Black Iron Inc.

ReleaseID: 467087

EnergyTech Investor, LLC Discusses Fuel Cell Compressor Systems with UQM Technologies CEO Joe Mitchell

NEW YORK, NY / ACCESSWIRE / June 29, 2017 / EnergyTech Investor, LLC, an independent research and investor intelligence firm, announced today that Joseph Mitchell, Chief Executive Officer and President of UQM Technologies (NYSE: UQM), was interviewed by EnergyTech Investor, LLC (ETI) regarding the market opportunity in fuel cell compressor system applications in the transportation market.

”The market for fuel cells in commercial transportation applications has experienced a surge in growth over the past year and is especially noteworthy in China. A highly favorable subsidy program has jump-started what we believe is only the initial stage of demand from the region. UQM is already engaged in an active growth strategy for the region, but fuel cells for transportation should provide yet another growth avenue,” said Mr. Severson, Founding Partner of EnergyTech Investor, LLC.

To read the full interview, please go to:

https://energytechinvestor.com/companycontent/uqm-fuel-cell-compressor-systems

For more information, please visit EnergyTech Investor’s website at: https://www.energytechinvestor.com

About EnergyTech Investor, LLC

EnergyTech Investor, LLC (ETI) is an independent research and Investor Intelligence firm that creates and implements content programs to help investors better understand a company’s key drivers including industry dynamics, technology, strategy, outlook and risks as well as the impact they could have on the stock price. ETI’s expertise encompasses a variety of sectors including Clean Transportation, Emerging EnergyTech, Energy Services, Smart Buildings, Solar, Water Value Chain and Industrial. EnergyTech Investor was founded by Wall Street veteran and research analyst, Shawn Severson, after seeing a significant shift in the investment industry that resulted in less fundamental research conducted on small cap companies and a significant decline in information available to all investors. ETI’s mission is to bridge that information gap and engage companies and investors in a way that opens information flow and analytical insights.

About UQM Technologies, Inc.

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine and industrial markets. A major emphasis for UQM is developing products for the alternative energy technologies sector, including propulsion systems for electric hybrid electric, plug in hybrid electric and fuel cell electric vehicles, under-the- hood power accessories and other vehicle auxiliaries. UQM’s headquarters, engineering, product development center and manufacturing operations are located in Longmont Colorado. UQM is TS 16949 and ISO 14001 certified.

To receive free news and updates from EnergyTech Investor, please visit: www.energytechinvestor.com

Sign up to follow EnergyTech Investor at:

https://twitter.com/ETI_AlphaDirect

Contact:

EnergyTech Investor, LLC
Shawn M. Severson
+1 415-233-7094
shawn@energytechinvestor.com
@ETI_AlphaDirect
www.energytechinvestor.com

SOURCE: EnergyTech Investor, LLC

ReleaseID: 467074

Earnings Review and Free Research Report: KMG’s Quarterly Sales Grew 9%; Adjusted EPS Jumped 29%

Research Desk Line-up: Hawkins Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on KMG Chemicals, Inc. (NYSE: KMG), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=KMG, following the Company’s announcement of its third quarter fiscal 2017 financial results on June 13, 2017. The chemical maker reported its eleventh consecutive quarter of double-digit year-over-year growth in adjusted earnings per share. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Specialty Chemicals industry. Pro-TD has currently selected Hawkins, Inc. (NASDAQ: HWKN) for due-diligence and potential coverage as the Company announced on May 31, 2017, its financial results for Q4 FY17 and full year FY17 which ended on April 2, 2017. Register for a free membership today, and be among the early birds that get access to our report on Hawkins when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on KMG; also brushing on HWKN. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

For the fiscal 2017 third quarter ended April 30, 2017, KMG’s consolidated sales grew 9% to $81.62 million compared to sales of $75.17 million in Q3 FY16. The Company’s sales numbers came in ahead of analysts’ expectations of $79.78 million.

For Q3 FY17, KMG’s gross profit margin was 39.9%, up 110 basis points from the same period last year, reflecting product mix and operating efficiencies. The Company’s distribution expense of $9.5 million increased by approximately $300,000 compared to the prior year due to the higher shipment volume. As a percentage of sales, distribution expense decreased to 11.6% compared to 12.2% in Q3 FY16.

During Q3 FY17, KMG’s SG&A increased by $1 million on a y-o-y basis, primarily reflecting expenses for the acquisition and integration of Sealweld and approximately $560,000 in expenses related to the proposed acquisition of Flowchem. The Company’s GAAP operating income surged 33% to $9.4 million. KMG posted record adjusted EBITDA of $14.0 million, up 24% from $11.2 million in Q3 FY16.

KMG’s GAAP net income was $6.1 million, or $0.49 per diluted share, in Q3 FY17 compared to $6.4 million, or $0.53 per diluted share, in Q3 FY16. The Company recorded a bargain purchase gain of $2.1 million, equivalent to $0.17 per diluted share, for the acquisition of NFC in Q3 FY16.

The Company’s adjusted net income was $6.5 million, up 31% from $4.9 million in Q3 FY16 and adjusted diluted earnings per share was $0.53 compared to $0.41 per share reported in the prior year’s same quarter, topping Wall Street’s expectations of $0.47 per share.

Segment Results

For Q3 FY17, KMG’s Electronic Chemicals segment reported sales of $68.1 million, up 2.3% on a y-o-y basis. Excluding a foreign currency translation impact of $1.2 million, the segment’s sales increased 4.0% to $69.3 million, driven by product volume growth. The Electronic Chemicals division’s operating income of $8.5 million, up 4.0% compared to $8.2 million in Q3 FY17, attributable to product volume growth and operating efficiencies. The segment’s operating margin improved to 12.5% compared to 12.3% in the year ago same period. The segment recorded adjusted EBITDA of $11.5 million compared to $10.7 million last year.

During Q3 FY17, KMG’s Performance Materials segment reported sales surged 59% to $13.5 million compared to $8.5 million in Q3 FY16, primarily due to higher sales of industrial lubricants, the contribution from Sealweld, and increased wood treating chemicals sales.

The segment’s operating income totaled $4.2 million, or 31.4% of sales, in the reported quarter compared to $2.9 million, or 33.4% of sales, in the prior year. The increase in operating income was due to higher volume in the industrial lubricants business, including the contribution from Sealweld, and higher volume in the wood treating chemicals business. The segment’s adjusted EBITDA was $4.8 million versus $3.2 million in Q3 FY16.

Cash Matters

During Q3 FY17, KMG’s cash flow from operations was $7.9 million compared to $8.5 million in Q2 FY17. The variance largely reflected the excess tax benefit realized in the previous quarter and the associated positive impact on net income in that period. For the 9-month period ending April 30, 2017, KMG’s operating cash flow was $27.3 million compared to $29.4 million for the 9 months ending April 30, 2016.

KMG’s cash and cash equivalents were $14.1 million as of April 30, 2017. The Company’s long-term debt was $34 million as of April 30, 2017, compared to $41 million as of January 31, 2017. During the reported quarter, the Company repaid $7 million of debt, bringing its fiscal 2017 year-to-date debt reduction to $18.8 million. KMG noted that it has repaid long-term debt by $38.8 million over the past 7 quarters.

For Q3 FY17, KMG’s capital expenditures were $3.3 million, up slightly from $2.7 million in Q2 FY17. For the fiscal year-to-date, the Company has invested $8.6 million on CapEx. KMG anticipates that CapEx for FY17 will be approximately $16 million to $17 million compared to its prior forecast of approximately $21 million.

Stock Performance

On Wednesday, June 28, 2017, the stock closed the trading session at $48.74, climbing 3.53% from its previous closing price of $47.08. A total volume of 129.79 thousand shares have exchanged hands, which was higher than the 3-month average volume of 119.52 thousand shares. KMG Chemicals’ stock price skyrocketed 11.89% in the last three months, 23.77% in the past six months, and 94.26% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 25.33%. The stock is trading at a PE ratio of 26.94 and has a dividend yield of 0.25%. At Wednesday’s closing price, the stock’s net capitalization stands at $579.52 million.

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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 contact@protraderdaily.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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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

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SOURCE: Pro-Trader Daily

ReleaseID: 467088

Earnings Review and Free Research Report: Axovant Sciences Reported Lower than Expected Earnings

LONDON, UK / ACCESSWIRE / June 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Axovant Sciences Ltd (NYSE: AXON), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AXON, following the Company’s reporting of its fourth quarter fiscal 2017 financial results on June 13, 2017. The Hamilton, Bermuda-based Company’s net loss had widened during the reported period. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AXON. With the links below you can directly download the report of your stock of interest free of charge at: http://protraderdaily.com/optin/?symbol=AXON.

Earnings Reviewed

For the fourth fiscal quarter ended March 31, 2017, Axovant Sciences’ research and development expenses were $40.80 million, which included $5.2 million was attributable to non-cash, share-based compensation expense, compared to research and development expenses of $23.44 million in Q4 FY16. For the year ended March 31, 2017, Axovant Sciences’ research and development expenses totaled $134.78 million, which included $19.2 million attributable to non-cash, share-based compensation expense, compared to $76.44 million for FY17.

For Q4 FY17, Axovant Sciences’ general and administrative expenses totaled $12.3 million, which included $3.4 million attributable to non-cash, share-based compensation expense, compared to general and administrative expenses of $7.15 million in the year ago same period. The Company’s general and administrative expenses for the year ended March 31, 2017, were $45.72 million, which included $17.2 million attributable to non-cash, share-based compensation expense, compared to $56.52 million in FY16.

Axovant Sciences’ net loss for the quarter ended March 31, 2017, was $52.83 million, or $0.53 per share, compared to $29.67 million, or $0.30 per share, in the prior year’s same quarter. The results fell short of Wall Street’s expectations for a loss of 51 cents per share.

The Company’s net loss for the year ended March 31, 2017, was $181.96 million, or $1.82 per share, compared to $133.15 million, or $1.41 per share, in the year ago same period.

Cash Matters

Axovant held cash of $212.6 million at March 31, 2017. The Company noted that the net proceeds of approximately $134.2 million from the public offering of common shares completed in April 2017 were not included in the cash balance. Net cash used in operating activities was $112.1 million for the year ended March 31, 2017.

Corporate Update

In April 2017, David T. Hung, M.D. was appointed Chief Executive Officer of Axovant Sciences and a member of the Company’s Board of Directors, while Marion McCourt was appointed President and Chief Operating Officer of Axovant Sciences. In addition, Kathryn E. Falberg and W. Anthony Vernon were appointed as the two new members of the Company’s Board of Directors. In June, Patrick Machado was appointed to the Company’s Board with an effective date of June 15, 2017.

Also in April, 2017, Axovant Sciences closed its underwritten public offering of 7,753,505 of its common shares at a price to the public of $18.54 per common share, including 1,011,326 common shares sold pursuant to the underwriters’ exercise in full of their option to purchase additional common shares. Gross proceeds to Axovant from the offering were approximately $143.7 million, before deducting underwriting discounts and commissions and estimated offering expenses.

Stock Performance

On Wednesday, June 28, 2017, the stock closed the trading session at $24.00, jumping 7.10% from its previous closing price of $22.41. A total volume of 374.43 thousand shares have exchanged hands. Axovant Sciences’ stock price skyrocketed 60.54% in the last three months, 93.24% in the past six months, and 92.62% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 93.24%. At Wednesday’s closing price, the stock’s net capitalization stands at $2.56 billion.

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

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.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 PRO-TD. PRO-TD 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

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NOT AN OFFERING

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SOURCE: Pro-Trader Daily

ReleaseID: 467092

Featured Company News – Under Armour Announces New Chief Operating Officer; Patrik Frisk to be New President and COO

Research Desk Line-up: Vince Holding Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 29, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Under Armour Inc. (NYSE: UA), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=UA. The Company announced on June 27, 2017, that Patrik Frisk will become the Company’s President and Chief Operating Officer (COO), effective July 10, 2017. The Company additionally announced strategic executive changes, in-line with Frisk’s appointment, to align its organizational structure to better leverage its digital business, and support the movement towards category management and drive greater operational efficiency across the leadership of the Company. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Textile – Apparel Clothing industry. Pro-TD has currently selected Vince Holding Corp. (NYSE: VNCE) for due-diligence and potential coverage as the Company reported on June 08, 2017, its unaudited results for Q1 FY17 which ended on April 29, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Vince Holding when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on UA; also brushing on VNCE. Go directly to your stock of interest and access today’s free coverage at:

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http://protraderdaily.com/optin/?symbol=VNCE

The New COO

Mr. Frisk will assume the role of President and COO of the Company, taking on the responsibility of Under Armour’s go-to-market strategy and the execution of its long-term growth plan. According to the Company, Frisk holds exceptional expertise in brand building and driving a proven and disciplined record of growth while delivering profitability and efficiency. His presence will be instrumental to the Company’s works to transform its business model to deliver long-term value for its consumers and shareholders.

Mr. Frisk holds about 30 years of experience in the apparel, footwear, and retail industry. Quite recently, he was the CEO of The Aldo Group, a global footwear and accessories Company. Prior to that, he worked with VF Corporation for over 10 years, where he served as the Coalition President of Outdoor Americas with responsibility for The North Face®, Timberland®, JanSport®, lucy®, and SmartWool® brands. Prior to that, he was the President of the Timberland brand. Initially, before his stint at the VF Corporation, he ran his own retail business in Scandivania and held senior positions with Peak Performance and W.L. Gore & Associates.

Other Management Changes

The Company announced other management changes on June 27, 2017, including, Paul Fipps being named Chief Technology Officer with the duty of overseeing all aspects of engineering that support the Company’s multiple web and mobile applications, and its information technology and real estate functions. Colin Browne has been named Chief Supply Chain Officer, with the responsibility for all global operations related to product sourcing and logistics.

Under Armor, in the recent financial year, has undergone major corporate changes, where it announced Clay Dean as the Chief Innovation Officer on March 13, 2017. Mr. Dean assumed the responsibility of driving Under Armour’s global vision and strategy for innovation, and cross-functional collaboration with its internal Design, Marketing, Product and Category Management teams.

Prior to the announcement, on January 17, 2017, the Company announced that Lance Allega would be the Company’s Vice President of Investor Relations. Under his role, Mr. Allega assumed the duty of communicating Under Armour’s growth strategy, financial performance, operating model, and key business metrics.

These leadership announcements are viewed as a step to streamline the organizational structure of the Company and to execute transformative steps focused on a sharper, consumer-led approach and go-to-market strategy, through the category management lens.

Last Close Stock Review

On Wednesday, June 28, 2017, the stock closed the trading session at $20.00, marginally up 0.50% from its previous closing price of $19.90. A total volume of 2.46 million shares have exchanged hands. Under Armour’s stock price surged 11.05% in the last one month and 6.16% in the past three months. The stock is trading at a PE ratio of 50.51.

Pro-Trader Daily:

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

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.com/disclaimer/.

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SOURCE: Pro-Trader Daily

ReleaseID: 467094

Konstantinos Kazinakis of United Bunkers Investors Corporation On The Immense Benefits of a Global Marketplace

Becoming increasingly agile and forward-thinking discussed.

Toronto, Ontario, Canada – June 29, 2017 /MarketersMedia/

An important voice in the modern-day business marketplace, Konstantinos Kazinakis shares his analysis of the competitive benefits of today’s global marketplace. As the demand for goods and services continues to drive markets across specific sectors, global opportunities are increasing. In large part, the changes are due to urban expansion of China’s, India’s, and Africa’s middle classes, as confirmed in a recent Executive Summary by Accenture discussing the opportunities of corporate disruption. Applying lessons learned over 21 years of successful equity investment, financing, and commodity trading approaching $1.5 billion USD, Konstantinos Kazinakis embraces effective global marketing strategies, observing shifts in demand, recognizing industry game changers, and engaging in emerging economies to maximize growth.

An important benefit of participating in the global marketplace, economies of scale increase output while decreasing input as a result of effective capital applications, outlined in the 2015 World Economic Forum Global Competitiveness Report. As brand image and standardized marketing practices support demand and growth, businesses become increasingly agile and forward-thinking, able to mount early responses to changes in purchases and preferences through connected, informed knowledge workers. A thought leadership piece by Mahesh Gupta in Cisco’s Workforce 2020: What to Expect notes that device-to-employee ratios, highest in the US but quickly moving upward in India and other emerging economies, prove immune to location issues and wake/sleep cycles, driving youthful, intelligent, and flexible round-the-clock responses to market changes.

Urban consumers, growing by 65 million people annually, are projected to develop 75 percent faster in emerging world economies than in more developed markets, lifting more than 620 million people from poverty and dramatically raising annual consumption, translating to global economic opportunities. That, according to an April, 2015 McKinsey Global Institute report referencing trendsetting global forces, enhances benefits of the global marketplace related to the speed of technological change and the adoption of those technologies by trade, finance, capital, and information sectors. As businesses receive an increased flow of location-neutral and time-sensitive information, exceptional opportunities in disruptive sectors of 3-D printing, artificial intelligence, virtual and augmented reality, drones, autonomous driving, and biosimilars, in addition to more traditional sectors of clothing, energy, entertainment, and health care will develop, delivering rewards to strong, global players.

The President and COO of United Bunkers Investors Corporation, Konstantinos Kazinakis continues to earn respect and acclaim through an understanding of the challenges faced by the oil industry, cargo and bunkering traders, suppliers, shippers, refiners, and producers. Clearing channels that allow businesses to concentrate on core operations, Kazinakis provides needed assistance attending to back office support details, contracts, risk management, credit monitoring, transaction documents, invoices, factoring, and forfeiture. United Bunkers Investors Corporation is supported by Financial Technology trade financing platform for a high technology solution to the global trade finance market, which is worth more than $ 4 Trillion US dollars a year, the gap is currently around $1.4 Trillion for the innovation in making trade financing more efficient and to protect against all risk.

Konstantinos Kazinakis – United Bunkers Investors Corporation: http://konstantinoskazinakisnews.com

Konstantinos Kazinakis of United Bunkers Investors Corporation Examines Investment Security Measures for Today’s Markets: http://finance.yahoo.com/news/konstantinos-kazinakis-united-bunkers-investors-032700698.html

Konstantinos Kazinakis – United Bunkers Investors Corporation – Predicts Improved Performance in Transportation of Global Goods: http://finance.yahoo.com/news/konstantinos-kazinakis-united-bunkers-investors-012200621.html

Contact Info:
Name: KKN
Email: contact@konstantinoskazinakisnews.com
Organization: KonstantinosKazinakisNews.com

Source URL: http://marketersmedia.com/konstantinos-kazinakis-of-united-bunkers-investors-corporation-on-the-immense-benefits-of-a-global-marketplace/212471

For more information, please visit http://www.KonstantinosKazinakisNews.com

Source: MarketersMedia

Release ID: 212471

Bill Lerner Discusses 2017 IPI Conference and Expo

Where you can find intensive training sessions and networking opportunities.

New York, NY – June 29, 2017 /MarketersMedia/

Standing as the industry-leading confrence for the global parking industry, the International Parking Institute’s (IPI) Conference & Expo provides intensive training sessions and networking opportunities while showcasing the industry’s latest technology and solutions. The CEO of NYC’s largest, privately-owned vehicle management and stationing company, iPark, Bill Lerner extols the virtues of the 2017 edition of the IPI Conference & Expo held from May 21st until May 24th, 2017 in New Orleans, La. With more than 3500 attendees with backgrounds ranging from enforcement, planning & design to operational management, this must-attend event (the world’s largest of its kind) is situated in a 170,000-square foot facility and includes innovative offerings from 250 exhibitors in addition to information-rich keynote lectures.

Both Bill Lerner’s family parking business and the IPI share a similar history, with origins in the early 1960s as a response to the mounting needs of a growing population of private vehicle owners. Those demands have since grown into a broad range of specific service requirements for discerning clients, in search of standard and convenient fuel-powered car stall facilities or perhaps for electric charging stations for their state-of-the-art automobiles. Beyond the immediate needs of clients, IPI members and other parking professionals must also address issues related to the changing nature of municipal and national regulations and restrictions. The 2017 Conference & Expo provides participants with an avenue of thought and technology-sharing opportunities which Lerner sees as hugely important for his colleagues and the industry as a whole.

As the parking service field becomes increasingly competitive and vulnerable to shifting economies and disruptive advancements in the transport realm such as self-driving cars, members of this trade community must now more than ever apply innovative strategies to their business in order to survive. A trusted provider of payment processing solutions in the U.S.—iPayment intends to exhibit for the first time this year at the 2017 IPI Conference & Expo, offering interested parties the potential to implement a bespoke toolset solution which boasts Department of Defense grade security features, contactless transactions and an overall fluid, self-service option for customers. While Bill Lerner’s iPark already offers clients high-level, sustainable service through options such as an online booking system and EV charging stations, he has no doubt of the value offered to entrepreneurs and staff alike who attend events such as the international Parking Institute’s annual occasion.

Bill Lerner has steered his father’s legacy of a handful of car parking facilities (beginning with a single, 25 car lot in 1960) into a vast enterprise of over 150 locations today, more than 60 years later. Beyond his ambitions as an entrepreneur and CEO, he is an active and award-winning philanthropist—the director of Billy4Kids, a non-profit organization founded with a mandate to providing support for underprivileged youth around the world and to raising awareness for their plight. With regular contributions to publications such as 33 Voices, The Atlantic and Leaders Magazine, Lerner offers interested parties an insightful perspective on the parking industry.

Bill Lerner – President and CEO of iPark: http://billlernernews.com

Billy Lerner (@billy_lerner) – Twitter: https://twitter.com/billy_lerner

Billy Lerner – Home – Facebook: https://www.facebook.com/billylernerofficial

Contact Info:
Name: BLN
Email: contact@billlernernews.com
Organization: BillLernerNews.com

Source URL: http://marketersmedia.com/bill-lerner-discusses-2017-ipi-conference-and-expo/212472

For more information, please visit http://billlernernews.com

Source: MarketersMedia

Release ID: 212472

Earnings Review and Free Research Report: Straight Path Communications Reports Quarterly Results below Expectations

Research Desk Line-up: BlackBerry Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Straight Path Communications Inc. (NYSE: STRP), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=STRP, following the Company’s release of its third quarter fiscal 2017 financial results on June 09, 2017. The wireless spectrum license Company which was acquired by Verizon reported an increase in net loss. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

Get more of our free earnings reports coverage from other constituents of the Diversified Communication Services industry. Pro-TD has currently selected BlackBerry Limited (NASDAQ: BBRY) for due-diligence and potential coverage as the Company reported on June 23, 2017, its financial results for Q1 FY18 which ended on May 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on BlackBerry when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on STRP; also brushing on BBRY. With the links below you can directly download the report of your stock of interest free of charge at:

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http://protraderdaily.com/optin/?symbol=BBRY

Earnings Reviewed

For the quarter ended April 30, 2017, Straight Path Communications reported revenues of $0.17 million compared to revenues of $0.22 million in Q3 FY16.

Straight Path Communication’s loss from operations was $4.01 million in Q3 FY17 compared to loss from operations of $25.8 million in Q2 FY17 and $1.90 million in Q3 FY16. The current quarter’s loss included $144,000 of R&D expenses and $1.0 million in non-cash compensation related to the issuance and vesting of equity grants.

Net loss attributable to Straight Path Communications was $5.99 million in Q3 FY17 compared to $1.86 million in Q3 FY16. The Glen Allen, Virginia-based Company posted loss of $0.49 per share compared to $0.15 per share in the prior year’s same period. On an adjusted basis, Straight Path Communications’ net loss totaled $0.40 per share, missing Wall Street’s expectations for a loss of $0.28 per share.

As of April 30, 2017, Straight Path Communications’ cash and cash equivalents were $14.6 million, up by $6.8 million from the prior quarter close.

Strategic Update

On May 11, 2017, Straight Path Communications entered into an agreement and plan of merger with Verizon Communications Inc., pursuant to which Verizon will acquire Straight Path for $184.00 per share (reflecting an enterprise value of approximately $3.1 billion) in an all-stock transaction that is intended to qualify as a tax-free reorganization.

Davidi Jonas, Chief Executive Officer of Straight Path commented:

“I am proud to announce that Straight Path has delivered on its strategic objectives and adhered to its mission. We have been able to maximize the value of our spectrum in a merger with Verizon at a very significant premium to our market price prior to [the] announcement of the merger.”

Mr. Jonas concluded:

“We are energized by this success, and enthusiastic about the role our spectrum will play in the 5G ecosystem. We are proud to have helped in this major development in the wireless telecommunications industry while delivering significant value for our stockholders.”

The Company also signed a binding term sheet to settle claims with IDT that includes a payment of $10 million to Straight Path Communications and the sale of its IP group for $6 million. The Company noted that its stockholders will maintain a 22% interest in the net proceeds of the IP Group’s patent enforcement activities.

Straight Path Communications stated that due to the acquisition it will not host an investor conference call this quarter.

Stock Performance

On Wednesday, June 28, 2017, the stock closed the trading session at $179.75, marginally rising 0.16% from its previous closing price of $179.47. A total volume of 80.02 thousand shares have exchanged hands. Straight Path Communications’ stock price skyrocketed 419.36% in the last three months, 417.56% in the past six months, and 601.87% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 430.08%. At Wednesday’s closing price, the stock’s net capitalization stands at $2.28 billion.

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Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD 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.

PRO-TD 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 contact@protraderdaily.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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.com/disclaimer/.

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SOURCE: Pro-Trader Daily

ReleaseID: 467078

Featured Company News – Boston Scientific Outlined Sustained Growth Strategy; Set to Expand into New Markets and Product Portfolios

LONDON, UK / ACCESSWIRE / June 29, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Boston Scientific Corp. (NYSE: BSX), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=BSX. Boston Scientific hosted a meeting with the investment community on June 27, 2017, in New York City, to deliver an overview of its business and long-term growth strategies. The CEO and Chairman, Mike Mahoney discussed the Company’s focus on expanding segment leadership and achieving growth globally in advanced patient care and delivering strong financial performance. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on BSX. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=BSX

Cardiovascular Segment

Boston Scientific announced that it continues to be the US leader in drug-eluting stents with its SYNERGY Bioabsorbable Polymer Drug Eluting Stent System for the treatment of coronary artery disease, and a global leader in products for complex percutaneous coronary interventions, intravascular ultrasound imaging, and chronic total occlusions.

The Company has additionally received the first ever Expedited Access Pathway (EAP) designation in peripheral by the US FDA for the study of a drug-eluting vascular stent system, administered for the treatment of critical limb ischemia below the knee. The EAP designation is currently reserved for breakthrough technologies that may offer a clinically greater edge over existing alternatives, and it is expected to accelerate the market approval of the drug-eluting vascular stent system designed for treatment of critical limb ischemia by about two years.

Rhythm Management Segment

Under this segment, Boston Scientific continues to deliver innovative technologies with global cardiac rhythm management portfolio approvals and launches. On June 27, 2017, the Company highlighted its Heartlogic™ Heart Failure Diagnostic4 that is part of the RESONATE™ family of cardiac resynchronization therapy defibrillator (CRT-D) devices, validated for detecting early indications of worsening heart failure.

MedSurg Segment

Boston Scientific recently announced that it invested in technologies to potentially enter $3.5 billion in new endoscopy markets, including endoluminal surgery for gastrointestinal cancer, which is emerging as an alternative to surgical resection of cancer or pre-cancer. The Company announced that it also plans to expand globally into the $2.6 billion urologic cancer segment.

Boston Scientific will present its pipeline of innovation in deep brain stimulation (DBS) for the treatment of movement disorders with patients that have Parkinson’s Disease, dystonia, and essential tremor, including the Vercise™ Gevia™ Deep Brain Stimulation System5, which recently received CE mark and is the industry’s first MR-conditional directional DBS system with stimulation visualization.

Company Growth Prospects

Currently, Boston Scientific delivers products to more than 24 million patients around the world, annually, and addresses global markets that are more than $40 billion today, and are expected to reach over $50 billion by 2020. The Company plans to launch new products into high-growth adjacent markets that are expected to address an incremental $13 billion in market opportunity by 2020. The Company plans to diversify its portfolio, away from low-growth markets to moderate and high growth markets, which represented 60% sales in 2016, with a goal to reach 75% of sales by 2020.

The Company additionally plans to achieve an organic revenue compound annual growth rate for 2018-2020 of 6% to 8% and consistent double-digit adjusted EPS growth, through ongoing operating margin improvement initiatives.

Last Close Stock Review

On Wednesday, June 28, 2017, the stock closed the trading session at $28.12, climbing 1.11% from its previous closing price of $27.81. A total volume of 20.24 million shares have exchanged hands, which was higher than the 3-month average volume of 6.99 million shares. Boston Scientific’s stock price surged 13.80% in the last three months, 29.23% in the past six months, and 25.82% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 30.00%. The stock is trading at a PE ratio of 89.84. At Wednesday’s closing price, the stock’s net capitalization stands at $38.58 billion.

Pro-Trader Daily:

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

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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 contact@protraderdaily.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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.com/disclaimer/.

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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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SOURCE: Pro-Trader Daily

ReleaseID: 467095

Featured Company News – MAXIMUS Partners with Interactions LLC; Set to Deliver Intelligent Virtual Assistant to Federal Agencies

Research Desk Line-up: IHS Markit Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 29, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for MAXIMUS, Inc. (NYSE: MMS), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=MMS. The Company announced on June 27, 2017, that under a definitive agreement with Interactions, LLC, the Company has unveiled the MAXIMUS Intelligent Assistant powered by Interactions. While MAXIMUS is a leading provider of Intelligent Virtual Assistants for enterprise customer care, Interactions develops Intelligent Virtual Assistants for enterprise customer care. For immediate access to our complimentary reports, including today’s coverage, register for free now at: http://protraderdaily.com/register/.

Discover more of our free reports coverage from other companies within the Business Services industry. Pro-TD has currently selected IHS Markit Ltd (NASDAQ: INFO) for due-diligence and potential coverage as the Company reported on June 27, 2017, its financial results for Q2 2017 which ended on May 31, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on IHS Markit when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MMS; also brushing on INFO. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=MMS

http://protraderdaily.com/optin/?symbol=INFO

The Announcement

According to MAXIMUS, this offering facilitates the availability of state-of-the-art customer care technology to government agencies, which enables them to transform communication with citizens, while maintaining budget objectives and enhancing citizen experience. This announcement comes in light of fewer available resources and increasing expectations from the citizens, where the federal agencies are challenged with improving the citizen journey, while demonstrating the value of their funding, according to the Company.

MAXIMUS Intelligent Assistant

The MAXIMUS Intelligent Assistant offers an intuitive connection between people, technology, and processes, to offer citizens the feasibility to communicate with federal agencies in a natural manner. Moreover, the Intelligent Assistant enables citizens to communicate and find information on services they need in their normal conversational language. The solution is powered by Interactions’ Adaptive Understanding Technology that delivers human-like interactions, hence, enabling a citizen-friendly concept for the users of the virtual assistant.

Designed from a unique combination of Artificial Intelligence (AI) and human understanding, this assistant allows citizens to handle requests, which would need to be performed by a live agent, or other agents, for complex requests. It allows agencies to expand their self-service offerings by enabling citizens to complete transactions, like general inquiries, secure authentication, registration and enrollment, appeal status and several other services by phone, text, or web.

MAXIMUS Growth Prospects

MAXIMUS is a leading business process management and technology solutions Company that have engaged with leading agencies and firms to contribute to improved outcomes for citizens, and higher levels of productivity, accuracy, accountability, and efficiency of government-sponsored programs. The Company currently operates through its 18,000 employees worldwide and has partnered with different government agencies in Europe and the Middle-East.

Last year, on March 01, 2016, the Company acquired Ascend, a leading provider of independent, specialized health assessment and data management tools to government agencies in the United States.

Ascend, founded in 1998, was the largest assessment providers on behalf of government agencies and delivers conflict-free assessment services to assist the agencies in determining the most crucial place for health care services placement for program beneficiaries. The acquisition closed on February 29, 2016, where excluding transaction costs, MAXIMUS expected Ascend to contribute about $13 million in revenue, where the price for the transaction was not disclosed.

This partnership between MAXIMUS Federal and Interactions enables the synergic collaboration of two Companies with expertise in delivering modern solutions for efficient and enhanced customer service.

MAXIMUS has further supported government agencies while delivering citizen services for over 40 years, where Interactions LLC holds more than a decade of experience offering next-gen contact center technology which increases performance and efficiency.

Last Close Stock Review

At the closing bell, on Wednesday, June 28, 2017, MAXIMUS’ stock climbed 1.21%, ending the trading session at $63.42. A total volume of 217.83 thousand shares have exchanged hands. The Company’s stock price surged 1.59% in the last three months, 14.11% in the past six months, and 24.30% in the previous twelve months. Moreover, the stock rallied 13.68% since the start of the year. The stock is trading at a PE ratio of 20.75 and has a dividend yield of 0.28%. The stock currently has a market cap of $4.12 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD 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.

PRO-TD 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 contact@protraderdaily.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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.com/disclaimer/.

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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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SOURCE: Pro-Trader Daily

ReleaseID: 467077