Tag: flow

Student Transportation Inc. Reports Fourth Quarter & Fiscal Year 2016 Results

BARRIE, Ontario, Sept. 14, 2016 (GLOBE NEWSWIRE) — Student Transportation Inc. (TSX:STB) (NASDAQ:STB) (“STI” or “the Company”) today announced financial results for the fourth quarter and fiscal year ended June 30, 2016. All financial results are reported in U.S. dollars except as otherwise noted. “We were very pleased with our strong performance and solid results in fiscal 2016 which were in line with our internal objectives and we are well-positioned for continued improvements in fiscal 2017,” said Denis J. Gallagher, STI Chairman and CEO. “Our year-end results reflect the positive impact of our fuel management and early stage returns from strategic

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Aspen Group Reports 62% Increase in Revenue for First Quarter Fiscal 2017, Gross Margin Increases 1,500 Basis Points

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Aspen Group, Inc. (OTCQB:ASPU) (“Aspen”), a nationally accredited online post-secondary education company (Aspen University), today announced financial results for its 2017 fiscal first quarter ended July 31, 2016. The Company will host a conference call to discuss its financial results on Wednesday, September 14, 2016, at 5:00 p.m. (ET).  “Aspen just recorded its highest enrollment quarter in the company’s history, all during our seasonally slowest summer period, which is a testament to the strength of our ‘pay-as-you-go,’ debtless education business model.  Our conversion rate increased to a record 11.2% in the quarter

Apigee Announces Fourth Quarter and Fiscal 2016 Results

SAN JOSE, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Apigee® (NASDAQ:APIC), the API company, today announced financial results for its fourth quarter and fiscal year ended July 31, 2016. Fiscal Year 2016 For FY 16, Apigee reported total revenue of $92.0 million, up 34% compared to $68.6 million in FY 15.  Apigee reported FY 16 product revenue (defined as license revenue plus subscription and support revenue) of $75.3 million, up 46% compared to $51.6 million in FY 15. Apigee reported FY 16 GAAP gross margin of 70.1%, up from 63.6% in FY 15, and non-GAAP gross margin of 71.8% compared to

Nasdaq Included in Dow Jones Sustainability Index

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) today announced it has been selected to join the Dow Jones Sustainability Indices (DJSI). Nasdaq is one of 16 companies added to the Dow Jones Sustainability North America Index in 2016, which is comprised of 146 companies. Nasdaq actively supports its 3,500 listed companies in their sustainability efforts, and strives to create an open dialogue between listed companies, investors, analysts, regulators, and academics on the economic value of sustainability. Nasdaq also works closely with international groups such as the World Federation of Exchanges, The United Nations Sustainable Stock Exchanges Initiative, and

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Envoy Air Now Offers Industry-Leading Pay for Pilots

IRVING, Texas, Sept. 14, 2016 (GLOBE NEWSWIRE) — Envoy Air Inc., a wholly owned subsidiary of American Airlines Group (NASDAQ:AAL), announced today that it will nearly double the starting rate of pay for new hires, to nearly $38 per hour – effectively starting new hire pilots on Step 3 of the Envoy pilot pay scale. This means that Envoy First Officers can earn $58,000 or more in their first year on the job. The carrier will also increase the pay rates for existing First Officers during their first three years with the airline – and expand its existing First Officer

PSA Airlines Announces Industry-Leading Pay for New-Hire Pilots

DAYTON, Ohio, Sept. 14, 2016 (GLOBE NEWSWIRE) — PSA Airlines, a wholly owned subsidiary of American Airlines Group (Nasdaq:AAL), today announced significant changes to its pilot pay program, including industry-leading wages for new-hire pilots, an increased sign-on bonus for new recruits and retention bonuses for First Officers and Captains to create a top-tier compensation structure – marking a monumental milestone for the airline. These valuable enhancements, which are effective immediately, elevate PSA to the top of the regional industry in first-year compensation for new-hire pilots. This is an important milestone for the company’s recruiting mission to hire the best and

Guggenheim Investments Expands its Increasingly Popular BulletShares® Defined-Maturity ETF Product Suite

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the launch of BulletShares 2026 Corporate Bond ETF (NYSE:BSCQ) and Guggenheim BulletShares 2024 High Yield Corporate Bond ETF (NYSE:BSJO) to help advisors and investors build bond laddering strategies consisting of investment-grade and high-yield ETFs with varying terms to maturity. Launched in 2010, the Guggenheim BulletShares lineup consists of 20 unique defined-maturity corporate bond and high yield corporate bond ETFs with more than $7 billion in assets under management. Unlike other fixed-income ETFs, BulletShares are designed to mature

Delta Apparel Completes Sale of Maiden, North Carolina Textile Facility

GREENVILLE, S.C., Sept. 13, 2016 (GLOBE NEWSWIRE) — Delta Apparel, Inc. (NYSE MKT:DLA) today reported that it has completed the sale of its Maiden, North Carolina textile facility and certain assets used in those operations.  The closure of this facility in July 2016 was part of the Company’s previously announced manufacturing realignment aimed at maximizing production at its lower cost facilities, eliminating duplicative fixed costs, and leveraging the latest dyeing and finishing technology available.   The realignment is expected to significantly lower production costs, improve gross margins and ultimately boost operating earnings by an estimated $8 million annually, or approximately $0.70

Matinas BioPharma Completes Private Placement of $8.0 Million

BEDMINSTER, N.J., Sept. 13, 2016 (GLOBE NEWSWIRE) — Matinas BioPharma Holdings, Inc. (“Matinas BioPharma” or the “Company”) (OTCQB:MTNB), a clinical-stage biopharmaceutical company focused on identifying and developing safe and effective broad spectrum therapeutics for the treatment of serious and life-threatening infections, today announced the final closing of an $8.0 million private placement equity financing, which represents the full amount of the offering. The Company sold to accredited investors an aggregate of 1,600,000 Series A Preferred Shares at a purchase price of $5.00 per share. The net proceeds to the Company from the offering were approximately $6.9 million. The net proceeds

pSivida Corp. Provides Company Update and Reports Fourth Quarter and FY 2016 Results

WATERTOWN, Mass., Sept. 12, 2016 (GLOBE NEWSWIRE) — pSivida Corp. (NASDAQ:PSDV) (ASX:PVA), a leader in the development of sustained release drug delivery products for treating eye diseases, today provided a Company update and announced financial results for its fourth quarter and fiscal year ended June 30, 2016. “Fiscal 2016 was a year of substantial progress for pSivida.  We significantly advanced Medidur™ for posterior segment uveitis toward planned EU and U.S. marketing applications, progressing toward a treatment with the potential to inhibit the disease for three years from a single injection without significant side effects and without systemic therapy,” said Dr. Paul Ashton, president and chief executive

Case Study – Building Stronger Cash Flow with ECM

TAMPA, Fla., Sept. 12, 2016 (GLOBE NEWSWIRE) — IntelliChief, LLC, a provider of automated document management and workflow enterprise content management (ECM) solutions, announces release of Building Stronger Cash Flow with ECM, a case study chronicling a company’s success overcoming hindrances of hidden, unnecessary costs mounting throughout their organization. This is a peer-to-peer look into interdepartmentally-deployed ECM’s abilities to automate and optimize processes throughout the company, and the impact on cash flow improvement. Highlights include newly-discovered discounts achieved, with increased Shipping, Receiving and Payables accuracy resulting in significant, sustainable cost savings. Considerations and benefits from departmental vantages are focal points,

Straits Financial Selects BitPay, WB21 to Bring Bitcoin Payments to Futures Trading

Chicago, IL, Sept. 12, 2016 (GLOBE NEWSWIRE) —                             CHICAGO, September 06, 2016 — Straits Financial LLC (“Straits”), announced today it will be the first U.S. based Futures Commission Merchant (“FCM”) to utilize the services of bitcoin payment processor BitPay Inc. (“BitPay”) and digital bank WB21 Ltd (“WB21”).  Straits’ initiatives with WB21 and Bitpay will allow its customers to convert bitcoin assets into one of several different currencies to fund their Straits investment and trading accounts.  Straits believes this is an important step in the further development of the use of digital assets in the derivative markets. The WB21 and

Buy-Side Firms Prioritize Liquidity and Relationships as Top Concerns in Broker Selection Process, According to TABB Group Study 

NEW YORK and LONDON, Sept. 12, 2016 (GLOBE NEWSWIRE) — The regulatory challenges and cost pressures facing buy-side firms are putting further demands on the sell-side to prove their relationship value. According to conversations with 100 U.S. head traders for the final installment of TABB Group’s 12th annual benchmark study, “Broker Relationships in an Era of Full Disclosure: U.S. Institutional Equity Trading 2016,” on why certain brokers were winning their order flow, 65% of the buy-side mentioned liquidity and 48% mentioned the broker relationship, while just 34% said non-execution services. Compared to 2015 overall, more buy-side firms mentioned liquidity and

Rex Energy Provides Operational Update

STATE COLLEGE, Pa., Sept. 12, 2016 (GLOBE NEWSWIRE) — Rex Energy Corporation (Nasdaq:REXX) today provided an update on its Appalachian Basin operations. Operational Update Moraine East Area Joint Development Agreement The company’s joint development partner, Benefit Street Partners L.L.C. (“BSP”) has elected into the next four wells in the development program, the four-well Vaughn pad in the Warrior North Area. BSP’s election increases the total capital commitment to date by BSP from $98.1 million to $120.1 million. The company is currently drilling the second of four wells on the Vaughn pad and expects to place the four wells into sales

Athersys Announces Acceptance by PMDA of Clinical Trial Notification in Japan for Treatment of Ischemic Stroke With MultiStem®

CLEVELAND, Sept. 12, 2016 (GLOBE NEWSWIRE) — Athersys, Inc. (Nasdaq:ATHX) announced today the successful completion of Japan’s Pharmaceutical and Medical Devices Agency (PMDA) review of the Clinical Trial Notification (CTN), allowing the commencement by HEALIOS K.K. (Healios) of a confirmatory clinical trial evaluating the safety and efficacy of administration of MultiStem®, Athersys’ novel cell therapy product, for the treatment of ischemic stroke in Japan (also designated by Healios as HLCM051 in Japan).  In accordance with the regulatory system in Japan, a CTN is equivalent to an Investigational New Drug application, or IND, under the regulatory system used in the United

Mandalay Resources Corporation Reports Fatality at Cerro Bayo Operations

TORONTO, Sept. 11, 2016 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX:MND) regretfully announces the fatality of a contractor in an incident that occurred yesterday at its Cerro Bayo operation in Aysen, Chile. The incident occurred underground and was reported to the Chilean authorities; an investigation into the incident has been initiated. Mining operations at Cerro Bayo are temporarily suspended and the Company is now working closely with the contractor, authorities, and our employees to respond effectively. Dr. Mark Sander, President and Chief Executive Officer of Mandalay, commented: “We deeply regret this incident and are working closely

RGS Energy Announces Pricing of Unit Offering

LOUISVILLE, Colo., Sept. 09, 2016 (GLOBE NEWSWIRE) — RGS Energy (Nasdaq:RGSE) announced today that it has priced a public offering of 2,800 units of securities (“Units”) where each Unit is comprised of one share of Series A 12.5% Mandatorily Convertible Preferred Stock, stated value $1,000.00 per share, which is convertible into shares of Real Goods Solar, Inc. Class A common stock, par value $0.0001 per share (the “Common Stock”), at an initial conversion price of $5.50, and one Series H Warrant exercisable into 181.8181 shares of Common Stock at an initial exercise price of $5.50 in an underwritten public offering

Duluth Holdings Inc. Announces Second Quarter Financial Results

BELLEVILLE, Wis., Sept. 08, 2016 (GLOBE NEWSWIRE) — Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ:DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, today announced its financial results for the fiscal second quarter ended July 31, 2016.  Highlights for the Second Quarter Ended July 31, 2016 Net sales increased 27.4% to $65.8 million compared to $51.7 million in the prior-year second quarter Gross margin increased 20 basis points (bps) to 59.1% compared to 58.9% in the prior-year second quarter Net income was $3.6 million, or $0.11 per diluted share, compared

Cherokee Global Brands Reports Second Quarter Fiscal 2017 Financial Results

GAAP revenues of $8.5 million GAAP net income of $1.5 million, or $0.17 per diluted share Non-GAAP net income of $1.9 million, or $0.22 per diluted share Cherokee Global Brands returned approximately $735 thousand to stockholders in the second quarter through share repurchases SHERMAN OAKS, Calif., Sept. 08, 2016 (GLOBE NEWSWIRE) — Cherokee Global Brands (NASDAQ:CHKE), a global brand marketing platform that manages a growing portfolio of fashion and lifestyle brands, today reported financial results for the second quarter of fiscal 2017 ended July 30, 2016. “As we advance through fiscal 2017, we are pleased with our ability to further

Kimball International, Inc. Announces Completion of Sale of Idaho Building and Plans to Repurchase Stock

JASPER, Ind., Sept. 08, 2016 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ:KBAL) announced the completion of the sale of its Idaho facility which was idled by the consolidation of the production from this facility into its existing Indiana facilities. Proceeds from the sale, after deducting selling costs and paying taxes on an estimated pre-tax gain of $2.1 million, were approximately $10 million and will be used towards funding up to $25 million in share repurchases over approximately the next 12-14 months.       Bob Schneider, Chairman and CEO, stated, “We have approximately 2.3 million shares remaining under a previously