Day: January 25, 2017

Medley Management Inc. Announces Medley LLC Notes Due 2024 Begin Trading on New York Stock Exchange

NEW YORK, Jan. 25, 2017 (GLOBE NEWSWIRE) — Medley Management Inc. (“Medley”) (NYSE:MDLY), a credit-focused asset management firm, announced that the $34,500,000 in aggregate principal amount of 7.25% notes due 2024 issued by Medley LLC, its operating company, began trading today on the New York Stock Exchange under the trading symbol “MDLQ.” This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of, the notes referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful

Purdue-affiliated startup earns USDA certified biobased product label for technology used to protect concrete

Indianapolis, Jan. 25, 2017 (GLOBE NEWSWIRE) — WEST LAFAYETTE, Ind., and INDIANAPOLIS – Environmental Concrete Products, a startup based on a Purdue University innovation, recently announced that it has earned the U.S. Department of Agriculture (USDA) Certified Biobased Product label on a technology that can be used to protect and prolong the life of new and existing concrete used on roads and other infrastructure. The product, Fluid iSoylator™, is now able to display a unique USDA label that highlights its percentage of biobased content. “Hardened concrete sustains damage when fluids on the surface are absorbed into its network of pores,

800Fund.com Offering Funding to Small Business Owners Affected by Severe Storms in the South

NEW YORK, Jan. 25, 2017 (GLOBE NEWSWIRE) — As severe weather patterns continue to cause devastation across the country, thousands are in need of immediate financial relief to rebuild their lives. 800Fund.com is committed to empowering U.S. small business owners and has announced that it will be offering expedited MCA funding and easing a number of approval guidelines for impacted business owners. Felix Gershkovitch, 800Fund.com President, says, “Our hearts, thoughts, and prayers go out to those devastated by the recent, severe weather in the Northeast and the Southern United States. 800Fund.com will be offering financial relief to business owners in the

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action against BT Group plc and Certain Officers – BT

NEW YORK, Jan. 25, 2017 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against BT Group plc (“BT Group” or the “Company”) (NYSE:BT) and certain of its officers.  The class action, filed in United States District Court, Southern District of New York, and docketed under 17-cv-00558, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired BT Group American Depositary Receipts (“ADRs”) between May 23, 2013 and January 23, 2017, inclusive (the “Class Period”), seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange

SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit Against Synutra International, Inc. (SYUT) And To Contact Brower Piven Before The Lead Plaintiff Deadline

STEVENSON, Md., Jan. 25, 2017 (GLOBE NEWSWIRE) — The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the District of Delaware against Synutra International, Inc. (“Synutra” or the “Company”) (Nasdaq:SYUT) and certain of its officers, on behalf of a class consisting of all persons or entities who are or will be damaged by a vote approving a proposed transaction pursuant to which Synutra will be acquired by Liang Zang, its founder, the chairman of its board and its controlling shareholder, through Beams

CORRECTING and REPLACING – SouthCrest Financial Group Reports Preliminary 4Q16 Earnings

WOODSTOCK, Ga., Jan. 25, 2017 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by SouthCrest Financial Group, Inc. (PinkSheets:SCSG), please note that in the Balance Sheet table, the total loans for Q4 2016 should be $293,654, not $277,952 as previously stated. The corrected release follows: Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (PinkSheets:SCSG) announced today that the Company reported preliminary net income of $315,000 or $0.04/share for the fourth quarter ended Dec. 31, 2016. “We continue to push towards our long term profit goals after what I view as a very successful fourth quarter for SouthCrest. We

Associa's Desert Resort Management Names David Carter General Manager for Outdoor Resort Indio

INDIO, Calif., Jan. 25, 2017 (GLOBE NEWSWIRE) — Desert Resort Management, an Associa company, is proud to announce David Carter as the general manager for Outdoor Resort Indio Owners’ Association. Carter will represent Associa as the on-site manager providing financial, maintenance, communications and administrative services to the premiere RV community. Outdoor Resort Indio is an active, social, class A luxury motorcoach resort with more than 400 privately owned lots. It’s built around an 18-hole golf course with beautiful landscapes, ponds and waterfalls. The resort boasts one of the few 10/10/10 ratings by Good Sam RV Travel Guide for Facility/Restrooms/Appeal. “David

Defense Enhancement Coalition Supports Air Force’s KC-46A Fleet Decision

BURLINGTON COUNTY, N.J., Jan. 25, 2017 (GLOBE NEWSWIRE) — The Directors of the Defense Enhancement Coalition (DEC) – an advocacy group dedicated to watchdogging and promoting the viability of Joint Base McGuire-Dix-Lakehurst (JBMDL) – voiced support for the Air Force’s recent decision to locate the Air Force’s next generation air refueling tankers – the KC-46A at JBMDL. Travis Air Force Base in California was the other selected site. The two were chosen from a final list of five bases in the country. “This is another victory for the long-term viability of Joint Base McGuire-Dix-Lakehurst,” said Executive Director, Mike Warner. “It

Connecticut Connection! Spirit Airlines Chooses Hartford’s Bradley International Airport as its 60th Destination

MIRAMAR, Fla., Jan. 25, 2017 (GLOBE NEWSWIRE) — What happens when you combine a revolutionary state with a revolutionary airline? You get the ultimate combo: Hartford’s Bradley International Airport (BDL) and Spirit Airlines, together at last! Beginning April 27, 2017, Spirit Airlines will begin nonstop service between BDL and the Orlando International Airport (MCO) and the Myrtle Beach International Airport (MYR). Spirit will also roll out daily nonstop service to Fort Lauderdale-Hollywood international Airport (FLL) beginning June 15, 2017. So whether you’re looking for the ultimate golf getaway, a theme park-filled family vacation, or the ultimate beachside escape, Spirit Airlines

New Age Farm Provides Corporate Update

VANCOUVER, British Columbia, Jan. 25, 2017 (GLOBE NEWSWIRE) — New Age Farm Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF) (www.newagefarminc.com) (“New Age Farm” or the “Company”) was pleased to provide a corporate update and recap of our progress in 2016.  Carman Parente, President and CEO of New Age Farm, extended his appreciation to New Age Farm’s shareholders: “I would like to extend my appreciation to our loyal shareholders, who have remained supportive through our growth phases.  I would like to take this opportunity, as we enter this new year in Q1 2017, to summarize the activities and events of the past year. I

KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2016 Financial Results and Dividend

SMITHFIELD, N.C., Jan. 25, 2017 (GLOBE NEWSWIRE) — KS Bancorp, Inc. (the “Company”) (OTCBB:KSBI), parent company of KS Bank, Inc. (the “Bank”), announced unaudited net income of $610,000, or $.47 per diluted share, for the three months ended December 31, 2016, compared to a net income of $417,000, or $.32 per diluted share, for the three months ended December 31, 2015. For the twelve months ended December 31, 2016, net income totaled $2.1 million, a $693,000 increase, or 49% from $1.4 million for the same period ended December 31, 2015. Net income per common share increased from $1.08 at December

HP Inc. Distinguishes FlexPrint National Managed Print Solutions as “Best In Class”

Phoenix, Jan. 25, 2017 (GLOBE NEWSWIRE) — FlexPrint Managed Print Solutions has been named as one of HP’s Best In Class MPS partners in the United States.  HP’s goal is to recognize top performing MPS Partners across the nation based on 2016 performance statistics, and FlexPrint ranked amongst the top of HP’s US Managed Print Services Partners. Back in February 2016, HP’s CEO Dion Weisler mentioned in an interview with CRN, HP’s plan to double down with their channel partners with a new sales coverage model that better fits an ever growing “services-led” era.  He then stated, “Our channel partners

Cancer Genetics, Inc. Launches Entry into Comprehensive Hereditary Cancer Testing for Breast & Ovarian Cancers, Addressing a $2.5 Billion Market

CGI believes that hereditary cancer testing will generate significant additional revenue from both clinical and biopharma customers during 2017 and beyond. Launch of hereditary panel, branded Focus::HERSite™, will cover the 16 most critical genes associated with breast and ovarian cancers. RUTHERFORD, N.J., Jan. 25, 2017 (GLOBE NEWSWIRE) — Cancer Genetics, Inc. (Nasdaq:CGIX) (“CGI” or “The Company”), a leader in precision diagnostics for oncology, announced today that it has launched a focused genomic panel for hereditary breast and ovarian cancer syndrome (HBOC). The Company’s initial offering for hereditary cancer, Focus::HERSite™, will analyze the 16 most common genes associated with breast and

Patriot Transportation Holding, Inc. Announces Results for the First Quarter of Fiscal 2017

JACKSONVILLE, Fla., Jan. 25, 2017 (GLOBE NEWSWIRE) — Patriot Transportation Holding, Inc. (NASDAQ:PATI) — First Quarter Operating Results. The Company reported net income of $912,000, or $.28 per share (inclusive of $169,000, or $.05 per share, due to a reduced tax expense in accordance with newly adopted accounting guidance on stock option exercises), compared to net income of $1,375,000, or $.42 per share, in the same quarter last year. The prior year included $1,029,000, or $0.31 per share, of net income from the settlement of a claim with BP in connection with the 2010 Deepwater Horizon event. During this first quarter,

First Citizens Bancshares Reports Earnings For Fourth Quarter 2016

RALEIGH, N.C., Jan. 25, 2017 (GLOBE NEWSWIRE) — First Citizens BancShares Inc. (BancShares) (Nasdaq:FCNCA) reports earnings for the quarter ended December 31, 2016. Net income for the fourth quarter of 2016 was $52.7 million, or $4.39 per share, compared to $51.4 million, or $4.28 per share, for the third quarter of 2016, and $42.7 million, or $3.56 per share, for the corresponding period of 2015, according to Frank B. Holding, Jr., chairman of the board. BancShares’ current quarter results generated an annualized return on average assets of 0.63 percent and an annualized return on average equity of 6.86 percent, compared to

What Will Potential Repeal of the Affordable Care Act Mean for Patients? Largest U.S. Physician Specialty Group Offers Prescription

NEW YORK, Jan. 25, 2017 (GLOBE NEWSWIRE) — The Trump administration and the new Congress have both promised that they will repeal the Affordable Care Act in 2017, but what will that mean for patients across the country?  When it was enacted in 2010 the Affordable Care Act (ACA) ushered in sweeping changes to the health insurance industry while also greatly decreasing the number of people without insurance in our country.  If the law is repealed, how will it impact patients who gained insurance, or whose insurance was improved, under the ACA? A video accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/26e66cd1-b4ed-44b3-a5e8-a360f2e76142

Bassi Holding Votes FOR Sevcon Board’s Director Nominees and Charter Amendment Urges Ryan Morris/Meson Capital to Stop Dissident Proxy Campaign

LUGO, Italy, Jan. 25, 2017 (GLOBE NEWSWIRE) — Bassi Holding S.r.l – a significant stockholder in Sevcon, Inc. (Nasdaq:SEV), owning 11.4% of Sevcon’s outstanding shares – announced today that it has voted its shares “FOR ALL” the Sevcon Board’s nominees for election at the Annual Meeting of Stockholders to be held on February 7, 2017, and “FOR” the charter amendment proposed for that meeting. The Bassi family urges dissident director Ryan Morris and Meson Capital Partners to stop their disruptive proxy campaign against Sevcon.  The Bassis believe that the current Board and management are pursuing the best course to create

Dow Jones Industrial Average Hits 20,000

NEW YORK, Jan. 25, 2017 (GLOBE NEWSWIRE) — Nasdaq Tower at Times Square Displays Dow Crossing 20,000 A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bd392ecc-668a-4c96-b00c-7b0744e4f6b3 CONTACT: Contact: Emily Pan Phone: +1 646-441-5120 Email: emily.pan@nasdaq.com

Newtek Business Services Corp. Prices Public Offering of 2,250,000 Shares of Common Stock

NEW YORK, Jan. 25, 2017 (GLOBE NEWSWIRE) — Newtek Business Services Corp. (Nasdaq:NEWT) (“Newtek”) announced today that it has priced an underwritten offering of 2,250,000 shares of common stock at a public offering price of $15.25, raising expected total gross proceeds of approximately $34.3 million. Keefe, Bruyette & Woods, A Stifel Company, Raymond James and UBS Investment Bank are acting as joint bookrunners for this offering. This offering is being made pursuant to an effective shelf registration statement and related prospectus and preliminary prospectus supplement filed by Newtek with the Securities and Exchange Commission (the “SEC”). This press release shall not

IBD Hosts Webinar with “Market Wizard” David Ryan to Help Investors Capture Top Stocks in 2017

LOS ANGELES, Jan. 25, 2017 (GLOBE NEWSWIRE) — Investor’s Business Daily (IBD), a leading financial news and research organization, today announced its latest complimentary webinar, Capture Top Stocks in 2017: An Interview with Market Wizard David Ryan. The first IBD webinar of 2017 will be held on Wednesday, February 1, 2017 at 7pm ET / 4pm PT. It will be another exceptional educational resource available for free at Investors.com. “We established our webinar series to help all investors stay tuned-in to current and changing market action, and we’re excited to deliver this webinar with David Ryan to kick off 2017,”