Day: June 13, 2016

Kretschmar® Partners with Make-A-Wish® to send Young Girl to CMA Music Festival

LISLE, III., June 13, 2016 (GLOBE NEWSWIRE) — Kretschmar® Premium Meats & Cheeses has partnered with Make-A-Wish® to help grant a Texas teen’s big wish. Kelley, a 17-year-old girl fighting Cystic Fibrosis, is a giant country music fan. It came as no surprise that when wish granters from Make-A-Wish asked Kelley what her ultimate wish was, she wanted to attend the CMA Music Festival in Nashville. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d6ec3788-b63b-4322-ba08-e2942fcf605a Kretschmar and Make-A-Wish granted Kelley’s wish, and she experienced the country music trip of her dreams. Kelley and her family experienced four days of VIP

Sagent Pharmaceuticals Initiates a Nationwide Voluntary Recall of Oxacillin for Injection, USP, 10g Due to Presence of Dark Particulate Matter

SCHAUMBURG, Ill., June 13, 2016 (GLOBE NEWSWIRE) — Sagent Pharmaceuticals, Inc. today announced the voluntary nationwide recall of one lot of Oxacillin for Injection, USP, 10g (NDC 25021-163-69) Lot OXT515 (Exp. Date July 2017) manufactured by Astral SteriTech Private Limited and distributed by Sagent.  Sagent has initiated this voluntary recall of Oxacillin for Injection, USP, 10g to the user level due to the receipt of two product complaints for small, dark particulate matter found in solution after reconstitution.  The presence of particulate matter during administration has the potential to cause adverse health consequences in general patient populations. To date, Sagent

Balanced Market Fundamentals and Aggressive Global Stimulus Keep U.S. Economy Chugging Along

HOUSTON, June 13, 2016 (GLOBE NEWSWIRE) — The U.S. economy continues to show slow, steady progress despite fears of a global economic downturn and some domestic headwinds, according to the latest edition of “the BRIEFING,” a Transwestern report that covers the global economy and commercial real estate. Declining corporate profits, business investment and net exports combined with a rising dollar have been offset by consistent job gains, wage growth and resilient consumer spending. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ccdcf51e-7ff2-4121-9a14-b9a8aa628f48 Additionally, aggressive global stimulus plans appear to be having the desired effect. There is now $17 trillion of

WSFS Announces Closing of Senior Notes Offering

WILMINGTON, Del., June 13, 2016 (GLOBE NEWSWIRE) — WSFS Financial Corporation (NASDAQ:WSFS), the parent company of WSFS Bank, today announced that it has closed the underwritten public offering of $100 million aggregate principal amount of 4.50% Fixed-to-Floating Rate Senior Notes due 2026, which was priced and announced on June 8, 2016. The Notes will bear a fixed interest rate of 4.50% per year from, and including, June 13, 2016 to, but excluding, June 15, 2021, payable semi-annually in arrears.  From, and including, June 15, 2021 to, but excluding, the maturity date or any early redemption date, the interest rate shall

LUCARA PROVIDES EXPLORATION UPDATE

June 13, 2016 (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. (“Lucara” or the “Company”), is pleased to announce successful  results from the mini bulk sample program on the BK02 kimberlite located 30 kilometres east of the Karowe Mine as well as an update on additional exploration programs underway. A total of 274.33 carats were recovered from the processing of 5,916 tonnes of BK02 for a sample grade of 4.6 cpht (carats per hundred tonne). The largest diamond recovered was a 5.48 carat brownish octahedron (see attached photo).  In addition, a total of 24 stones were

Toscana Energy Reports Voting Results of Annual and Special Meeting of Shareholders

CALGARY, Alberta, June 13, 2016 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana Energy” or the “Company”) (TSX:TEI) held its annual and special meeting of shareholders on April 25, 2016 in Calgary, Alberta.  A total of 911,933 common shares (“Common Shares”) of the Company, representing approximately 12.70% of Common Shares, were represented in person or by proxy at the meeting. During the business proceedings at the meeting, shareholders approved resolutions fixing the number of directors to be elected at the meeting at six, appointing Deloitte LLP as the Company’s auditors, approving all unallocated option entitlements under the Company’s stock option

Profire Energy Reports Financial Results for Fiscal Year 2016

LINDON, Utah, June 13, 2016 (GLOBE NEWSWIRE) — Profire Energy, Inc. (NASDAQ:PFIE), a technology company which creates, installs and services burner and chemical management solutions in the oil and gas industry, today reported financial results for its fiscal year ended March 31, 2016. A conference call will be held on Tuesday, June 14, 2016 at 1:00 p.m. EDT to discuss the results. Fiscal 2016 Highlights Total revenues of $27.1 million Generated significant positive operating cash flow Positive net income for the year Remained debt-free Increased customer base to more than 300 customers Fiscal Year 2016 Financial Results  Total revenues for

Spark Therapeutics Announces Launch of Public Offering

PHILADELPHIA, June 13, 2016 (GLOBE NEWSWIRE) — Spark Therapeutics, Inc. (“Spark”) (NASDAQ:ONCE) announced today that it has commenced an underwritten public offering of 3,500,000 shares of its common stock pursuant to an automatically effective shelf registration statement that has been filed with the Securities and Exchange Commission.  The offering consists of 2,500,000 shares being offered by Spark and 1,000,000 shares being offered by The Children’s Hospital of Philadelphia Foundation (“CHOP”). In addition, Spark is expected to grant the underwriters of the offering an option for a period of 30 days to purchase up to an additional 525,000 shares at the

Governor of Virginia Appoints Cohen Milstein Partner S. Douglas Bunch to William & Mary Board of Visitors

WASHINGTON, June 13, 2016 (GLOBE NEWSWIRE) — Virginia Governor Terry McAuliffe (D-VA) announced today that he has appointed Cohen Milstein partner S. Douglas Bunch to the Board of Visitors of the College of William & Mary.  The appointment is subject to confirmation by the Virginia General Assembly. “I am extremely honored.  It is a privilege to serve on William & Mary’s Board, and a unique opportunity to contribute to an institution that has had such a deep impact on my life,” said Mr. Bunch.  “I thank Governor McAuliffe for his trust and his confidence.” William & Mary, located in Williamsburg,

Intuitive Surgical Reports New Employee Option Grants for June 2016

SUNNYVALE, Calif., June 13, 2016 (GLOBE NEWSWIRE) — Intuitive Surgical, Inc. (Nasdaq:ISRG) today reported that equity awards approved by the Compensation Committee of the Board of Directors, which consists entirely of Independent Directors, were made to 83 new employees. Pursuant to NASDAQ Marketplace Rule 5635(c)(4), the equity awards were granted under the Intuitive Surgical, Inc. 2009 Commencement Incentive Plan, which the Board of Directors of Intuitive Surgical, Inc. adopted for the granting of equity awards to new employees. In accordance with NASDAQ rules, these grants were made under an equity incentive plan without shareholder approval. NASDAQ rules require a public

BlueLinx Announces 1-For-10 Reverse Stock Split

ATLANTA, June 13, 2016 (GLOBE NEWSWIRE) — BlueLinx Holdings Inc. (NYSE:BXC) announced that its stockholders approved, at the annual stockholders’ meeting held on May 19, 2016, an amendment to the Company’s Certificate of Incorporation to effect a 1-for-10 reverse stock split of the Company’s common stock, including a reduction in the number of authorized shares of common stock. The reverse stock split, which the Company effected today, was approved by a vote of stockholders holding over 95% of the Company’s outstanding shares of common stock. BlueLinx’s trading symbol, BXC, will not change as a result of the reverse stock split;

Northern Tier Announces Prorated Second Quarter 2016 Distribution of $0.18 per Common Unit

TEMPE, Ariz., June 13, 2016 (GLOBE NEWSWIRE) — Northern Tier Energy LP and its subsidiaries (NYSE:NTI) (collectively, “Northern Tier” or the “Company”) today announced the declaration of a cash distribution of $0.18 per common unit for the prorated period April 1, 2016, through June 13, 2016.  Pursuant to the terms of the Agreement and Plan of Merger dated as of December 21, 2015, by and among Western Refining, Inc. (“WNR”), the Company and various of their respective affiliates, the prorated distribution is expected to be paid on the closing date of the merger to common unitholders of record immediately prior

Navient announces extension of legal final maturity dates of FFELP ABS, bringing total bonds extended to $6.8 billion

WILMINGTON, Del., June 13, 2016 (GLOBE NEWSWIRE) — Navient (Nasdaq:NAVI), the nation’s leading loan management, servicing and asset recovery company, today announced the amendment of transaction agreements for Navient-sponsored securitizations totaling $800 million of bonds backed by federally guaranteed student loans. The amendment was effective as of June 13, 2016 and extended the legal final maturity date to 2043 on the senior tranche of SLM Trust 2013-2. Since December 2015, Navient has extended the legal final maturity dates on $6.8 billion of bonds from Navient-sponsored FFELP securitizations. Holders of other bonds may visit Navient’s online investor communication forum at www.dealvector.com/navient to discuss

Lexington Realty Trust Sells $50 Million in Assets

NEW YORK, June 13, 2016 (GLOBE NEWSWIRE) — Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust (REIT) focused on single-tenant real estate investments, today announced that it has sold one office and two industrial assets for aggregate gross proceeds of approximately $49.6 million at a weighted-average capitalization rate of 7.6%. Approximately $21.1 million of mortgage debt was satisfied in connection with these sales.  Property Location Gross Proceeds ($MM) Square Footage Sector Primary Tenant Remaining Lease Term  (approx. yrs.)   147 Milk Street Boston, MA $ 33.3   52,337 Office Atrius Health, Inc. 6.5  7500 Chavenelle Road Dubuque, IA $

Noble Energy to Present at Upcoming Energy Conferences

Houston, June 13, 2016 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) announces its participation in two upcoming energy conferences. David L. Stover, the Company’s Chairman, President and CEO, will present at the Wells Fargo West Coast Energy Conference on Wednesday, June 22, 2016 at 8:15 a.m. Pacific Time.  Kenneth M. Fisher, the Company’s Executive Vice President and CFO, will present at the J.P. Morgan Inaugural Energy Equity Conference on Monday, June 27, 2016 at 11:20 a.m. Eastern Time.  Both presentations will be webcast live on the ‘Investors’ page of the Company’s website with a replay accessible for 90 days.

Web.com Announces New Organizational Structure as Part of Yodle Integration

JACKSONVILLE, Fla., June 13, 2016 (GLOBE NEWSWIRE) — Web.com Group, Inc. (NASDAQ:WEB), a leading provider of Internet services and online marketing solutions for small businesses, today announced a new organizational structure. “The leadership changes we announced today mark an important milestone in the integration of Yodle and better align our resources to execute against our strategic goals.  We will now have three business leaders who are organized around product groups and additional management talent in key support areas.  We are fortunate to have a deep pool of talent at Web.com and Yodle, who are small business technology and marketing experts,

SAExploration Announces New Financing and Entry Into Comprehensive Restructuring Support Agreement

HOUSTON, June 13, 2016 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCBB:SAEXW), or SAE, today announced that it has entered into a comprehensive restructuring support agreement (the “Restructuring Support Agreement”) with holders (the “Supporting Holders”) of approximately 66% of the par value of SAE’s 10.000% Senior Secured Notes due 2019 (the “Existing Notes”), pursuant to which the Supporting Holders and SAE have agreed to enter into and implement a proposed comprehensive restructuring of SAE’s balance sheet, which will include an agreement to fund up to $30 million in new capital, subject to the terms and conditions of the Restructuring Support Agreement,

Paratek to Present Omadacycline Microbiologic, Pharmacokinetic and Clinical Data at ASM Microbe 2016

– Biofilm, post-antibiotic effects, microbiologic surveillance and omadacycline in vitro activity against select pathogens to be presented – Clinical PK and Modelling Strategies for omadacycline to be presented BOSTON, June 13, 2016 (GLOBE NEWSWIRE) — Paratek Pharmaceuticals, Inc. (Nasdaq:PRTK) announced today that data from its omadacycline microbiology and clinical programs will be presented at the American Society of Microbiology’s annual meeting, ASM Microbe 2016, to be held June 16 – 20, 2016 in Boston, Mass. Additional poster presentations conducted by external parties will also be presented at the conference.  Paratek is a biopharmaceutical company focused on the development and commercialization

Revance Reports Results for RT001 Topical Phase 3 Trial for Lateral Canthal Lines

NEWARK, Calif., June 13, 2016 (GLOBE NEWSWIRE) — Revance Therapeutics, Inc. (NASDAQ:RVNC), a biotechnology company developing botulinum toxin products for use in aesthetic and therapeutic indications, today reported results from its REALISE 1 Phase 3 trial of DaxibotulinumtoxinA Topical Gel (RT001) to treat patients with moderate to severe lateral canthal lines, or crow’s feet. In REALISE 1, DaxibotulinumtoxinA Topical Gel (RT001) did not achieve its co-primary and other endpoints. The co-primary efficacy endpoints in the trial were composite measurements of 2-point or greater and 1-point or greater improvement in lateral canthal lines between baseline and 28 days after treatment, as

Preferred Bank Announces Completion of $62.5 Million Private Placement of Subordinated Notes

LOS ANGELES, June 13, 2016 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ:PFBC), an independent commercial bank, today announced the completion of a private placement of $62.5 million in principal amount of fixed-to-floating rate subordinated notes to certain qualified investors. The proceeds from the placement of the notes will be used for general corporate purposes, capital management and to support future growth. Terms of the Subordinated Notes The subordinated notes have a maturity date of June 15, 2026 and bear interest, payable semi-annually, at the rate of 6.0% per annum until June 15, 2021. On that date, the interest rate will be