Tag: Success

DNB Financial Corporation Receives All Required Approvals to Acquire East River Bank

DOWNINGTOWN, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — DNB Financial Corporation (“DNB”) (NASDAQ:DNBF), the parent company of DNB First, National Association, today announced that it has obtained all required approvals necessary for DNB to consummate its acquisition of East River Bank, Philadelphia, Pennsylvania (“East River”). Approvals included DNB and East River shareholder approvals, and regulatory approval from the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Pennsylvania Department of Banking. When the combination of the two organizations is completed, DNB will have approximately $1.1 billion in assets, $764 million in

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

Canadian Linen and Uniform Sponsors Third Annual 'Day of Service'

TORONTO, Sept. 14, 2016 (GLOBE NEWSWIRE) — Canadian Linen and Uniform Service today announced that its 47 branches and other locations across North America will participate in the 3rd annual ‘Day of Service’ community giving program in which employees are given the opportunity to spend all or part of their work day volunteering, donating goods and services, or participating in community events. “I am very pleased with the enthusiastic participation of our employees across the organization and the continued success of this program,” said Bill Evans, President and CEO of Canadian Linen. “We have been growing this event over the

AmeriPride Services Sponsors Third Annual 'Day of Service'

MINNEAPOLIS, MINN., Sept. 14, 2016 (GLOBE NEWSWIRE) — AmeriPride Services today announced that its 47 branches and other locations across the U.S. and Canada will participate in the 3rd annual ‘Day of Service’ community giving program in which employees are given the opportunity to spend all or part of their work day volunteering, donating goods and services, or participating in community events. “I am very pleased with the enthusiastic participation of our employees across the organization and the continued success of this program,” said Bill Evans, President and CEO of AmeriPride Services. “We have been growing this event over the

CSX Receives Award of Excellence for “CSX Rail Respond” Emergency Response Tool

WASHINGTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — The National Alliance for Public Safety GIS (NAPSG) Foundation has granted an Award of Excellence in Public Safety to CSX for its “CSX Rail Respond” mobile-computing application, which provides firefighters, police officers and other emergency responders with easy mobile access to critical information about the commodities traveling on CSX rails in near-real time. CSX Rail Respond supports safe and effective response to rail-related incidents by allowing emergency first responders to determine the exact contents of any rail car on a CSX train, along with emergency response information and recommendations for protective action distances.

Inc. Magazine Names PTS Diagnostics to its 2016 List of the 5,000 Fastest Growing Private Companies

INDIANAPOLIS, Sept. 14, 2016 (GLOBE NEWSWIRE) — PTS Diagnostics, the US-based manufacturer of point-of-care biometric testing devices distributed across the globe, has been selected for an impressive sixth time to the prestigious Inc. 5000 list. For the 2016 Inc. 5000 list, PTS Diagnostics placed as the 3,772nd fastest growing private company in America based on three-year revenue growth of 81%. PTS Diagnostics is one of only 237 of the 5,000 companies listed this year to have been chosen for four consecutive years.  This designation puts PTS Diagnostics in the top 50 fastest growing companies in Indiana. Founded in 1992, PTS

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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

New Study Reveals Customer Experience is Getting Worse; Contact Centers Out of Touch with the Reality of Today’s Consumer

BOSTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — A new study from BoldChat by LogMeIn (Nasdaq:LOGM) and Ovum reveals that customer experience has worsened over the last two years despite investments in new engagement channels.  The report, which surveyed hundreds of contact center managers and consumers globally, found that the consumers surveyed believe it takes 6 different interactions to resolve an issue while the surveyed contact center managers believe it takes only 1-2 touchpoints.  This disconnect can be largely due to the fact that 72% of consumers surveyed search for information online before contacting an agent but the majority of contact center

InterDigital Joins Avanci IoT Licensing Platform

WILMINGTON, Del., Sept. 14, 2016 (GLOBE NEWSWIRE) — InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that it has joined Avanci, the industry’s first marketplace for the licensing of cellular standards-essential technology for the Internet of Things (IoT). The licensing platform brings together some of InterDigital’s peers in standards-essential technology leadership, and makes 2G, 3G and 4G standards-essential patents available to IoT players in specific product segments with one flat-rate license. “Avanci is a significant step forward in providing access to standards-essential patents for this new market, which is projected to see dramatic expansion in the

Carpenter Technology Announces Retirement Plan Changes

Will freeze General Retirement Plan effective December 31, 2016 Aligns retirement benefit plans for most employees WYOMISSING, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE:CRS) (the “Company”) today announced changes to retirement plans it offers to certain employees. The Company will freeze benefits accrued to eligible participants of the General Retirement Plan (“GRP”) effective December 31, 2016. The GRP is a defined benefit pension plan that currently includes approximately 1,900 domestic current salaried and hourly employees. The affected employees will be transitioned to the Company’s 401(k) plan that has been in effect for eligible employees since 2012,

Yappn Signs a Referral Partner Agreement with Startek Co. Ltd.

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Yappn Corp. (“Yappn” or “Company”) (OCTQB:YPPN), a real-time innovative language solutions Company is pleased to announce that it has signed a Referral Partner Agreement with Startek Co. Ltd. (“Startek”). In accordance with the terms of the Agreement, Startek is an authorized referral partner for the purpose of referring prospective customers to Yappn, focused primarily but not limited to, the Japanese market. Atsushi Kajiwara, CEO of Startek stated: “By eliminating the language barrier, businesses can readily reach new markets. Yappn’s solutions give a competitive advantage for companies that want to communicate more effectively

Zynerba Pharmaceuticals Reports Inducement Grant to New Chief Financial Officer

DEVON, Pa., Sept. 13, 2016 (GLOBE NEWSWIRE) — Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE), a clinical-stage specialty pharmaceutical company dedicated to the development of innovative transdermal synthetic cannabinoid treatments, today announced that the Company’s Board of Directors granted James Fickenscher, the Company’s newly appointed Chief Financial Officer and Vice President, Corporate Development, an option to purchase 150,000 shares of the Company’s common stock as an inducement material to his acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4).  The option will have an exercise price equal to the closing price of Zynerba Pharmaceuticals’ common stock on September 13,

TD Bank and Podium Data Finalists in the Teradata 2016 EPIC Awards for Big Data Excellence

LOWELL, Mass., Sept. 13, 2016 (GLOBE NEWSWIRE) — Podium Data has been selected as a finalist in the prestigious Teradata EPIC Awards for Big Data Excellence for a joint project with Teradata: “TD Bank Agile Banking 3.0.”  The project involved helping TD Bank replace its existing manual process of delivering data to business users with enhanced model of fast, secure, on-demand access to enterprise data (Data-as-a-Service) by standing up a managed enterprise data lake using Podium’s data lake management platform.  Podium teamed up with Teradata’s Think Big specialty big data consulting group to deliver the data lake to TD Bank

Family Room Entertainment Corp. to Sponsor Next Revolutionary Reefer Throwdown Event Early 1st Quarter of 2017

LOS ANGELES, Sept. 13, 2016 (GLOBE NEWSWIRE) — Family Room Entertainment Corp. (OTC:FMYR), a film and media communications group which creates, delivers and preserves quality cross platform content globally, is pleased to announce, due to the overwhelming success of Family Room Entertainment’s opening annual Reefer Throwdown event, that the Company will be sponsoring regularly scheduled events; designed to bring festive entertainment to a full spectrum of enthusiasts, by sponsoring 420 friendly events in a wide range of popular genres.   Founded on the spirit of the outdoor pro-pot festivals made popular in the late sixties, Reefer Throwdown is calculated to bring

CollegeXP Reveals That When It Comes to Wearable Tech, University Students Already Own or Plan to Buy Fitness Trackers

RHINEBECK, N.Y., Sept. 13, 2016 (GLOBE NEWSWIRE) — Phoenix Marketing International’s CollegeXP (http://bit.ly/2cmjZ8b), a proprietary collection of mobile and online research methodologies to reach the difficult college market, today revealed interesting data around how college students are using fitness trackers. While 32% of college students own an activity tracker or smartwatch, 16% say they plan to acquire one in the next 3 months. Some of the key reasons for using fitness trackers included monitoring fitness goals, weight loss and using social media to share success. This research comes just in time for back to school. “Fitness trackers continue to be

Fuel Economy and Stringent Emission Standards are Increasing Demand for Low-viscosity Grade Basestocks, According to Kline

PARSIPPANY, N.J., Sept. 13, 2016 (GLOBE NEWSWIRE) — The improving quality of finished lubricants and the burgeoning supply of high quality basestocks continue to create greater pressure on Group I basestocks to exit the market in the face of stagnant overall demand. In 2015, Group I basestocks account for less than half of the global basestock demand, down from over two-thirds a decade earlier, according to the recently published Global Lubricant Basestocks: Market Analysis and Opportunities report by global market research and management consulting firm Kline. Passenger car motor oils formulation changes are driven by improvements in fuel economy, increasing

Victoria County Teams with QuotEnergy Advisors to Secure Six-Figure Energy Savings through 2023

VICTORIA, Texas, Sept. 13, 2016 (GLOBE NEWSWIRE) — QuotEnergy Advisors, a leading energy procurement firm and approved provider in the TIPS/TAPS purchasing program, today announced it has helped Victoria County successfully procure 40 million kWh of electricity to power its facilities. The resulting 4-year energy contract will begin in 2019, securing nearly $400,000 in savings for the County over its current rate, while providing valuable budget certainty well into 2023. QuotEnergy proactively approached Victoria County to evaluate savings opportunities in the long-term energy market, working diligently with Kevin Janak, County Commissioner, as a seamless extension of his team. Throughout the

BioXcel’s BXCL101, Receives Orphan Drug Designation from the U.S. FDA for the Treatment of Patients with Neurofibromatosis Type 2 (NF2)

BRANFORD, Conn., Sept. 13, 2016 (GLOBE NEWSWIRE) — BioXcel, a privately held biopharmaceutical company based in Connecticut, today announced that the U. S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to BXCL101 for the treatment of Neurofibromatosis Type 2 (NF2), an orphan disease with significant unmet medical need.  BXCL101 is the first and only systemic therapy being developed to eliminate existing lesions and prevent the formation of new lesions by targeting the molecular mechanism of NF2 pathophysiology. BXCL101 is a proprietary version of an approved drug, bortezomib, adapted for chronic use in NF2 patients with both a