Day: August 22, 2016

Carver Bancorp, Inc. Reports First Quarter Fiscal Year 2017 Results

NEW YORK, Aug. 22, 2016 (GLOBE NEWSWIRE) — Carver Bancorp, Inc. (the “Company”) (NASDAQ:CARV), the holding company for Carver Federal Savings Bank (“Carver” or the “Bank”), today announced financial results for its first quarter ended June 30, 2016 of fiscal year 2017. The Company reported net income of $408 thousand, or basic and diluted earnings per share of $0.04, for the quarter ended June 30, 2016, compared to net income of $445 thousand, or basic and diluted earnings per share of $0.05, for the quarter ended June 30, 2015. “We are pleased with the first quarter of fiscal year 2017,” said

Green Plains to Purchase Three Abengoa Bioenergy Ethanol Plants

OMAHA, Neb., Aug. 22, 2016 (GLOBE NEWSWIRE) — Green Plains Inc. (NASDAQ:GPRE) today announced that it was the successful bidder on three ethanol plants for sale by Abengoa Bioenergy conducted under the provisions of the U.S. Bankruptcy Code. The company will purchase the Madison, Ill., Mount Vernon, Ind. and York, Neb. ethanol facilities, with combined annual production capacity of 236 million gallons per year, for approximately $237 million in cash, plus certain working capital adjustments. “We continue to focus on making strategic investments in high quality assets as we expand our production footprint,” said Todd Becker, president and chief executive

NDIA President and CEO General Craig McKinley, USAF (Ret.) Announces Retirement

ARLINGTON, Va., Aug. 22, 2016 (GLOBE NEWSWIRE) — Today, National Defense Industrial Association (NDIA) President and CEO General Craig McKinley, USAF (Ret.), announced he will retire at the end of the year, concluding a two-year term as the leader of the nation’s largest and longest-standing defense industry association. McKinley served 38 years in the Air Force. His last assignment was as the Chief, National Guard Bureau, where he also served as a member of the Joint Chiefs of Staff. He left military service as a four-star general and continued to serve in the defense community, as President of the Air

TechShop Named as One of America's Fastest Growing Private Companies by Inc. Magazine for Fourth Straight Year

SAN JOSE, Calif., Aug. 22, 2016 (GLOBE NEWSWIRE) — TechShop, Inc., the world’s first and largest network of open access, do-it-yourself workshops and fabrication studios, announced this week that it has been named by Inc. Magazine as one of America’s fastest growing private companies for the fourth year in a row. TechShop Inc. is ranked No. 2,879 on the 2016 Inc. 5000 list. “TechShop is honored to be included in the 2016 Inc. 5000 list of America’s fastest growing companies,” said TechShop CEO Dan Woods. “As a leader within the Maker Movement, we are thrilled to have demonstrated consistent, sustained

National Law Journal Recognizes Proventus as Best of the Midwest

KANSAS CITY, Kan., Aug. 22, 2016 (GLOBE NEWSWIRE) — Proventus Consulting is pleased to share that The National Law Journal recognized our agency as the No. 1 Public Relations Firm for Law Firms in its inaugural Best of the Midwest rankings, which were published in a special section of NLJ on Aug. 22, 2016. The top PR firm ranking was awarded to Proventus based on support the firm received from its clients, colleagues and peers in a National Law Journal survey in which participants were asked to rate the best legal industry service providers across a range of categories throughout

XBiotech Announces Grand Opening Date for New Commercial Manufacturing Facility

AUSTIN, Texas, Aug. 22, 2016 (GLOBE NEWSWIRE) — XBiotech Inc. (NASDAQ:XBIT), developer of next-generation True Human™ therapeutic antibodies, today announced the timing for the grand opening of its state-of-the-art commercial manufacturing facility. The grand opening ceremony will take place on September 15, 2016 at 10 a.m. local time at the building’s location in Austin, Texas. It will include a ribbon-cutting ceremony, tour of the facility and a brief talk by XBiotech’s management. The nearly 40,000 square foot facility is on XBiotech’s own 48-acre location just 15 minutes from the Texas capital in Austin. The building will provide a significant increase

Associa Hires Craig Lubaczewski as Senior VP for Eastern U.S. Operations

DALLAS, Aug. 22, 2016 (GLOBE NEWSWIRE) — Associa, the industry’s largest community management company, is proud to introduce Craig Lubaczewski at its senior vice president, east region operations. Lubaczewski will oversee branch operations for Associa offices throughout the eastern United States focusing on upholding this firm’s core objectives and corporate policies. “We’re excited to bring in someone with Craig’s knowledge about corporate finance and expertise in improving the customer experience through infrastructure enhancements.” says Associa Executive Vice President, Chief Operating & Financial Officer Patrick Brensinger. “Associa is positioned to make large strides in the marketplace and Craig will be a

Lombard Medical Reports 2016 Second Quarter, Six-Month Financial Results and Provides Update on Strategic Initiatives

IRVINE, Calif., Aug. 22, 2016 (GLOBE NEWSWIRE) — Lombard Medical, Inc. (NASDAQ:EVAR), a medical device company focused on endovascular aneurysm repair (EVAR) of abdominal aortic aneurysms (AAAs), today reported financial results, provided business highlights for the second quarter and six months ended June 30, 2016, and announced a significant operational restructuring and the exploration of strategic alternatives to enhance shareholder value. Second quarter 2016 global revenue was $3.8 million, representing a 30.1 percent sequential increase from $2.9 million in the 2016 first quarter.  Revenue from both the Altura® and Aorfix™ endovascular stent grafts in Lombard’s European direct sales markets in

Rex Energy Announces Closing of Illinois Basin Asset Sale

STATE COLLEGE, Pa., Aug. 22, 2016 (GLOBE NEWSWIRE) — Rex Energy Corporation (Nasdaq:REXX) (“Rex Energy”) announced today that it has closed on the previously announced sale of its Illinois Basin assets to Campbell Development Group, LLC. The sale of the Illinois Basin assets includes approximately 76,000 net acres in Illinois, Indiana and Kentucky; the assets are currently producing approximately 1,700 net barrels per day. Rex Energy is selling its entire interest in the basin and has received net proceeds from the sale of approximately $40 million with the potential for additional proceeds of up to $10 million over the next

CommerceHub Expands Partnership with Walmart, Adds Integration with Walmart Marketplace

ALBANY, N.Y., Aug. 22, 2016 (GLOBE NEWSWIRE) — CommerceHub (Nasdaq:CHUBA)(Nasdaq:CHUBK), a leading distributed commerce network for retailers and brands, announced today that it has reached an agreement with Walmart to expand its existing partnership, integrating directly with Walmart’s online third-party marketplace. CommerceHub’s vibrant network of approximately 9,500 customers, including many of the largest retailers, marketplaces and brands in North America, will be able to team up with Walmart.com, one of the largest online retailers. CommerceHub continues to support Walmart’s drop-ship fulfillment process through its virtual inventory solution, which connects Walmart to a vast network of suppliers to expand its product

Metabolix Announces $10 Million Binding Letter of Intent for Sale of Biopolymer Assets to CJ CheilJedang

WOBURN, Mass., Aug. 22, 2016 (GLOBE NEWSWIRE) — Metabolix, Inc. (NASDAQ:MBLX) announced today that it has entered into a binding letter of intent (“LOI”) with CJ CheilJedang Corporation (“CJ”) for the sale of its biopolymer intellectual property and certain laboratory equipment for a total purchase price of $10 million. The first $2 million of the purchase price was paid by CJ on execution of the LOI and the remaining balance is payable on closing of the transaction, which is anticipated in mid-September. Completion of the transaction is subject to the negotiation of definitive agreements and other customary conditions. Under the

Integra LifeSciences to Present at the Wells Fargo 2016 Healthcare Conference and the Morgan Stanley Global Healthcare Conference in September 2016

PLAINSBORO, N.J., Aug. 22, 2016 (GLOBE NEWSWIRE) — Integra LifeSciences Holdings Corporation (NASDAQ:IART) today announced that it will present at the following conferences in September: At 2:20PM ET on Wednesday, September 7, 2016, Mr. Glenn Coleman, Chief Financial Officer, will present at the Wells Fargo 2016 Healthcare Conference in Boston, MA.  This presentation will not be webcast. At 12:55PM ET on Tuesday, September 13, 2016, Mr. Peter Arduini, President and CEO, will present at the Morgan Stanley Global Healthcare Conference in New York City.  This presentation will be webcast. Integra LifeSciences, a world leader in medical technology, is dedicated to limiting

CommerceHub Announces Second Quarter 2016 Financial Results

ALBANY, N.Y., Aug. 22, 2016 (GLOBE NEWSWIRE) — CommerceHub (NASDAQ:CHUBA) (NASDAQ:CHUBK), a leading distributed commerce network for retailers and brands, today announced financial results for the quarter ended June 30, 2016. “CommerceHub delivered strong second quarter results that demonstrate our attractive combination of solid top line growth and continued profitability,” said Frank Poore, CommerceHub’s President and CEO. “We are very excited to have completed our spin off from Liberty Interactive Corporation last month, and believe it represents a tremendous opportunity to unlock value and put CommerceHub in the best position to realize our full potential.” “The retail industry is in

Builders FirstSource Closes Offering of $750.0 Million of 5.625% Senior Secured Notes due 2024 and Reprices Senior Secured Term Loan Facility due 2022 at LIBOR +3.75%

DALLAS, Aug. 22, 2016 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (Nasdaq:BLDR) (the “Company”), a leading supplier and manufacturer of structural and related building products for residential new construction and home repair and remodeling in the United States, today announced that it has closed its private offering of $750.0 million aggregate principal amount of 5.625% Senior Secured Notes due 2024 (the “Notes”) and repriced its previous $600.0 million senior secured term loan facility (the “Previous Term Loan Facility”) through an amendment to its term loan credit agreement providing for a $470 million senior secured term loan facility (the “New Term Loan

Crown Castle Announces Pricing of Senior Notes Offering

HOUSTON, Aug. 22, 2016 (GLOBE NEWSWIRE) — Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”) announced today that it has priced its previously announced public offering of 2.250% Senior Notes due 2021 in an aggregate principal amount of $700 million.  The notes will have an interest rate of 2.250% per annum and will be issued at a price equal to 99.972% of their face value to yield 2.256%. The net proceeds from the offering are expected to be approximately $692.6 million, after deducting the underwriting discount and other offering expenses payable by Crown Castle.  Crown Castle intends to use net proceeds

Valero Energy Partners LP Announces Acquisition of the Meraux and Three Rivers Terminal Services Business for $325 Million

SAN ANTONIO, Aug. 22, 2016 (GLOBE NEWSWIRE) — Valero Energy Partners LP (NYSE:VLP) (the Partnership) today announced that the board of directors of its general partner has approved the Partnership’s acquisition of the Meraux and Three Rivers Terminal Services Business from a subsidiary of Valero Energy Corporation (NYSE:VLO) (Valero) for total consideration of approximately $325 million.  In its first twelve months of operation, the business to be acquired is expected to contribute approximately $25 million of net income and approximately $39 million of earnings before interest, taxes, depreciation, and amortization (EBITDA).  The transaction is expected to close effective September 1, 2016. 

First Midwest Bancorp, Inc. Appoints Two New Directors

ITASCA, Ill., Aug. 22, 2016 (GLOBE NEWSWIRE) — First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ:FMBI), the parent company of First Midwest Bank, today announced the appointment of Kathryn J. Hayley and Frank B. Modruson to its board of directors, effective immediately. “We are extremely pleased to welcome two highly accomplished business professionals to our board of directors,” said Michael L. Scudder, President and Chief Executive Officer of First Midwest.  “Both bring valuable knowledge and extensive experience gained through many years of serving in senior corporate leadership positions.  We look forward to their insight and counsel.” Ms. Hayley is the chief executive officer of

Hope Bancorp to Celebrate Merger Completion by Ringing the Nasdaq Opening Bell on August 24

LOS ANGELES, Aug. 22, 2016 (GLOBE NEWSWIRE) — Hope Bancorp, Inc. (Nasdaq:HOPE), the holding company of Bank of Hope, today announced that Chairman Steven S. Koh and President and Chief Executive Officer Kevin S. Kim will commemorate the successful merger and formation of the only super regional Korean-American bank in the nation by ringing the Nasdaq Stock Market Opening Bell on Wednesday, August 24, 2016.  The ceremony will take place at 9:30 a.m. ET at Nasdaq’s MarketSite in New York’s Times Square.  A live stream of the Nasdaq Opening Bell will be available at https://new.livestream.com/nasdaq/live or http://www.nasdaq.com/about/marketsitetowervideo.asx.  About Hope Bancorp,

PRA Group Wins Two Bronze Stevie® Awards in 2016 International Business Awards

NORFOLK, Va., Aug. 22, 2016 (GLOBE NEWSWIRE) — PRA Group, Inc. (Nasdaq:PRAA), a global leader in acquiring and collecting nonperforming loans, was named the winner of two bronze Stevie® Awards in the 13th Annual International Business Awards. PRA Group won in the Internal Communications Campaign/Program of the Year category for the creation of its PRA CARES new global core values campaign and in the Corporate Overview category for the video “Long Story Short: Celebrating 20 Years” which celebrated the 20th anniversary of PRA’s founding. The International Business Awards received entries from more than 60 nations and territories. A record total

Heartland Express Inc. Earns Quest for Quality Award

NORTH LIBERTY, Iowa, Aug. 22, 2016 (GLOBE NEWSWIRE) — Heartland Express, Inc. (www.heartlandexpress.com) (Nasdaq:HTLD) is pleased to announce it has been recognized with Logistics Management Magazine’s Quest for Quality Award. Heartland Express has received Logistics Management Magazine’s 2016 Quest for Quality Award within the Dry Freight Carrier classification for the thirteenth time in fourteen years.  To determine the best of the best, Logistics Management’s readers vote on carriers’ service quality based on 5 criteria – On-Time Performance, Value, Information Technology, Customer Service, and Equipment & Operations.  The drive and determination to achieve this award comes from our professional drivers and