Day: September 28, 2015

Sysco Announces $2 Billion Senior Notes Offering and Accelerated Share Repurchase Program

HOUSTON, Sept. 28, 2015 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY) today announced that it closed the offering of $2 billion in aggregate principal amount of senior unsecured notes pursuant to an effective registration statement previously filed with the Securities and Exchange Commission. Further, the company announced that it has entered into accelerated share repurchase (ASR) agreements with Goldman, Sachs & Co. (Goldman) to repurchase an aggregate of $1.5 billion of the company’s common stock. This ASR is part of Sysco’s $3 billion share repurchase program previously authorized by the Board of Directors and recently announced on June 29, 2015. Sysco

Ocwen and the NAACP New York State Conference Bring Solutions Directly to New York Homeowners

ATLANTA, Sept. 28, 2015 (GLOBE NEWSWIRE) — Ocwen Financial Corporation (NYSE:OCN) and the NAACP New York State Conference hosted a “Help & Hope for Homeowners” event in Long Island, NY on Saturday, September 26, 2015 to offer struggling New York homeowners the opportunity to receive in-person, individualized advice and mortgage solutions to help them remain in their homes. Event attendees received one-on-one support from Ocwen Home Retention Agents, who worked with more than 220 borrowers to make their mortgage payments more manageable and to help avoid foreclosure. Since 2008, Ocwen has completed more than 520,000 loan modifications, many of which

Wabash National Corporation Raises $360,000 With Help From Suppliers

LAFAYETTE, Ind., Sept. 28, 2015 (GLOBE NEWSWIRE) — Wabash National Corporation (NYSE:WNC) raised $360,000 for 15 community organizations at its annual charity golf outing on September 24, held in conjunction with the company’s annual Supplier Conference, which took place on September 25. “Thanks to the commitment and generous support from our suppliers, this year’s charity golf outing was the most successful event in its history,” said Dick Giromini, president and chief executive officer. “As one of the largest employers in the Lafayette area, Wabash National is proud to support and work with local agencies to sustain and promote a promising future

Horizon Technology Finance Announces Stock Repurchase Program

FARMINGTON, Conn., Sept. 28, 2015 (GLOBE NEWSWIRE) — Horizon Technology Finance Corporation (NASDAQ:HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services and cleantech industries, today announced that its board of directors has authorized the repurchase of up to $5 million of its common stock at prices below Horizon’s net asset value per share as reported in its most recent financial statements. Under the repurchase program, Horizon may, but is not obligated to, repurchase shares of its outstanding common stock

Intra-Cellular Therapies Announces Closing of $345 Million Public Offering Including Exercise of Underwriters' Option to Purchase Additional Shares

NEW YORK, Sept. 28, 2015 (GLOBE NEWSWIRE) — Intra-Cellular Therapies, Inc. (Nasdaq:ITCI), a biopharmaceutical company, today announced the completion of its previously announced underwritten public offering of 6,900,000 shares of its common stock at a public offering price of $43.50 per share. In addition, the underwriters have exercised an option to purchase an additional 1,035,000 shares of common stock at the public offering price, less the underwriting discounts and commissions. All of the shares in the offering were sold by Intra-Cellular Therapies, with gross proceeds to Intra-Cellular of approximately $345 million and net proceeds of approximately $327.4 million, after deducting

Safe Horizon to Ring The Nasdaq Stock Market Closing Bell

ADVISORY, Sept. 28, 2015 (GLOBE NEWSWIRE) — What:  Safe Horizon, the largest non-profit victim services agency in the United States, will visit the Nasdaq MarketSite in Times Square to talk about their anti-domestic violence campaign, #PutTheNailinIt, and to highlight Domestic Violence Awareness Month, which occurs in October. During this month, Safe Horizon has adopted the slogan “31 days to #PutTheNailinIt—help end domestic violence,” and has a goal of raising $31,000 to support victims of domestic violence in becoming survivors. Learn more at www.putthenailinit.org In honor of the occasion, Greg Brooks, Chief Financial and Administrative Officer, will ring the Closing Bell. 

Patriot National Bank Announces Name Change to "Patriot Bank, N.A."

STAMFORD, Conn., Sept. 28, 2015 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc. (“Patriot” or the “Company”) (NASDAQ:PNBK), the parent company of Patriot National Bank (the “Bank”), today announced that effective Monday, September 28, 2015, the Bank’s name will officially be changed to “Patriot Bank, N.A.” The new name reflects Patriot’s community focus, presence and commitment to provide commercial and consumer banking services in the areas and region it serves, including Fairfield and New Haven Counties in Connecticut and Westchester County in New York. The Company’s common stock will continue to trade on the NASDAQ Market under the symbol “PNBK.” The

Sprott to Host Webcast to Provide Update on Offers for Central GoldTrust and Silver Bullion Trust

Webcast will be hosted by John Wilson, CEO of Sprott Asset Management and Rick Rule, Chairman of Sprott US Holdings More than 50% of Central GoldTrust Unitholders Tendered to the Sprott Offer as at September 18th and Every Additional Unit Counts TORONTO, Sept. 28, 2015 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott” or “Sprott Asset Management”), together with Sprott Physical Gold Trust (NYSE:PHYS) (TSX:PHY.U) and Sprott Physical Silver Trust (NYSE:PSLV) (TSX:PHS.U) (together with Sprott Physical Gold Trust, the “Sprott Physical Trusts”), will hold a webcast hosted by John Wilson and Rick Rule on Thursday, October 1, 2015 at 10:00am

Power Solutions International Signs Engine Supply Agreement With JAC Motors for New Luxury Bus Program

WOOD DALE, Ill., Sept. 28, 2015 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (PSI) (NASDAQ:PSIX), the global alternative-fuel engine company, today announced a multiyear agreement to provide engines and transmissions to China-based JAC Motors (SHA: 600418) for the production of a new luxury mini bus. Beginning in 2015, PSI will supply JAC with up to 500 certified, 4.8-liter engines equipped with 6L90 transmissions. The quantity supplied is expected to increase during the following two years, to a range of 1000 to 1500 units in 2017. “We are pleased to advance the growth of our on-highway business in China by partnering

Live Oak Bank Wins WealthManagement.com 2015 Industry Award

WILMINGTON, N.C., Sept. 28, 2015 (GLOBE NEWSWIRE) — Live Oak Bank’s Investment Advisory team (subsidiary of Live Oak Bancshares, Inc) (Nasdaq:LOB) was named a 2015 Industry Awards winner in the industry disruptor category by WealthManagement.com. The Industry Awards honor outstanding achievements by companies and organizations that support financial advisor success.   Live Oak’s Investment Advisory team was initiated in 2012. Made up of industry experts with more than 50 years of experience, the Investment Advisory team lends to independent advisors seeking funding for mergers and acquisitions, breakaway and tuck-ins (bringing in advisors from brokerage houses), succession, commercial real estate, refinance

Associa Chicagoland's Proposalpalooza Plus Raises Thousands for Charity

ROSEMONT, Ill., Sept. 28, 2015 (GLOBE NEWSWIRE) — Associa Chicagoland recently hosted its annual community management seminar, Proposalpalooza Plus 2015, raising $2,100 for Associa Cares, a national nonprofit 501(c)(3) organization created to assist families and communities in crisis as a result of natural and man-made disasters. The annual event took place on August 29 at the Donald E. Stephens Convention Center in Rosemont. Activities included a board member breakfast, silent auction and a speed-dating style vendor fair where the attendees spent two minutes at each booth before moving to the next one. “This year we featured close to 100 top

Leading Water Quality Organization Releases Future of Stormwater Report

CHICAGO, Sept. 28, 2015 (GLOBE NEWSWIRE) — Today marked the release of a new comprehensive report from the Water Environment Federation (WEF), an Alexandria-Va.-based, not-for-profit educational organization for water professionals, that details the challenges, opportunities, and pathways to improving the nation’s stormwater systems. The release of Rainfall to results: The future of stormwater at WEFTEC 2015 in Chicago coincided with the official launch of the WEF Stormwater Institute, a new center of excellence and innovation to address stormwater issues. The growing issue of stormwater pollution coupled with regulatory pressure is driving the need for innovative approaches, training, technology solutions, and

Associa Joins St. Philips to Raise $16K in 16 Minutes on North Texas Giving Day

DALLAS, TEXAS, Sept. 28, 2015 (GLOBE NEWSWIRE) — Associa, the worldwide leader in community management, supported St. Philips School and Community Center in its quest to raise $16,000 in 16 minutes on the annual North Texas Giving Day. Scout, Associa Supports Kids’ loyal mascot, took to the streets on September 17 with the after-school students to participate in the fundraising street dance on Pennsylvania Avenue in South Dallas. Watch a portion of the street dance here. “It was amazing to see Scout dancing among the hundreds of kids to support the lofty goal of reaching $16,000 in online donations,” says

Q.E.P. Co., Inc. Reports Fiscal 2016 Six Month and Second Quarter Sales and Earnings and Announces Chief Financial Officer Transition

 Record Six Month Sales – $160.0 Million  Record Second Quarter Sales – $81.7 Million Six Month Net Income – $3.5 MillionSecond Quarter Net Income – $2.2 Million BOCA RATON, Fla., Sept. 28, 2015 (GLOBE NEWSWIRE) — Q.E.P. CO., INC. (OTC:QEPC.PK) (the “Company”) today reported its consolidated results of operations for the first six months and second quarter of its fiscal year ending February 29, 2016 and reported that Richard A. Brooke, its Senior Vice President and Chief Financial Officer, is retiring and will be succeeded by Mark S. Walter. Fiscal Year 2016 Results The Company reported net sales of $160.0

Chief Outsiders Announces Sponsorship of Vistage DFW "Meet the Leaders" Networking and Speaker Event

DALLAS, TEXAS, Sept. 28, 2015 (GLOBE NEWSWIRE) — Chief Outsiders, LLC, the nation’s leading strategic marketing firm comprised solely of C-level marketing executives, has teamed up with Vistage Worldwide, a global organization that assembles and facilitates private advisory boards for CEOs, to present an innovative program designed to help business leaders better understand one of life’s great mysteries – the function of the brain. “Flex Your Cortex – 7 Secrets to Turbocharge Your Brain,” is the subject of this compelling program, set for Wednesday, Sept. 30 at the University of Texas at Dallas Center for BrainHealth. This invitation-only presentation is

Toon Boom Animation Selects Scalar as Their Authorized Reseller for Canada

MONTREAL, Sept. 28, 2015 (GLOBE NEWSWIRE) — Toon Boom Animation Inc. announced today that Scalar is now the authorized reseller for their products and services in Canada. Scalar is an engineering-led IT solutions integrator with offices in Toronto, Montreal, Ottawa, London, Vancouver, Calgary, Edmonton and Winnipeg. Founded in 2004, they employ over 300 people nationally. Their team is made up of the most skilled technical specialists in the country, backed by an exceptional team of account executives and operational staff. “We were looking for a strong and reliable partner in Canada who would understand how to help us further strengthen

Mitel Outpaces Competitors in Q2 to Lead in Global Cloud Communications Enterprise Market Share and Revenue

Report Shows Nearly One out of Four New Cloud Communications Users Chooses Mitel Key messages For the fourth consecutive quarter, more cloud communications users chose Mitel than any other brand, surpassing the nearest global competitor by 2x Mitel increased Q2 market share in subscriber seats and enterprise cloud communications Mitel also led in cloud communications revenue for Q2 DALLAS, Sept. 28, 2015 (GLOBE NEWSWIRE) — Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, expanded its lead in worldwide business cloud communications, according to a new Synergy Research Group report* on Q2 2015. Eclipsing the competition,

FPA, AARP Joint Research Reveals Enormous Social Security Knowledge Gap

BOSTON, Sept. 28, 2015 (GLOBE NEWSWIRE) — Only 9% of consumers believe they are very knowledgeable about how Social Security benefits are determined and just 1% of Certified Financial Planner™ (CFP®) professionals say their clients are very knowledgeable about Social Security claiming, according to results of a new joint survey released today by the Financial Planning Association® (FPA®) and AARP. The survey results reveal a great deal about the enormous knowledge gap consumers, including clients of CFP® professionals, face as they determine how to claim Social Security benefits. Although most acknowledge they know little about Social Security claiming, the vast

BeMyDD Brings Complimentary Designated Drivers to All Greater Orange County Residents with Partners Jack Daniel's Gentleman Jack Whiskey and Total Wine & More

LOS ANGELES, CALIF., Sept. 28, 2015 (GLOBE NEWSWIRE) — BeMyDD (Be My Designated Driver), the nation’s largest designated driver service, today announced it will be offering free designated drivers to residents of Southeast Florida on Saturday, October 10, 2015 to get them and their cars home safely. The 24-City Designated Driver Tour, presented by BeMyDD and program partners Jack Daniel’s Gentleman Jack Whiskey and Total Wine & More, provides free drivers to take both the customer and his/her car home safely. During the event, customers can request a car pickup at no charge from any location within a 50-mile radius

Stay Aspen Snowmass now using the Inntopia platform

Stowe, Vermont, Sept. 28, 2015 (GLOBE NEWSWIRE) — Inntopia, the leading call-center and e-commerce reservation platform in the North American ski and travel industry, recently welcomed a new partner to its growing list of destination marketing organizations and resorts. Stay Aspen Snowmass (SAS), the official central reservations center for Aspen Skiing Company, the Aspen Chamber Resort Association, and Snowmass Tourism is now using both Inntopia CRS and Inntopia Responsive Commerce. This partnership makes Inntopia the new provider of the e-commerce and central reservations systems for SAS for lodging and packages, including lift tickets, rentals, and equipment. Guests can now also