Author name: editor

Beachtree Properties Debuts New Property in Oakland, Maryland

SOURCE: Beachtree Properties MILLERSVILLE, MD–(Marketwire – July 19, 2010) –  Beachtree Properties, a resort group comprised of boutique hotels, announces renovation completion and opening of its newly-acquired property in Oakland, Maryland. Inn at Deep Creek, formerly known as Alpine Village Inn, a 29-unit lakeside hotel, has undergone extensive renovations after Beachtree Properties took ownership in May.

Beachtree Properties Debuts New Property in Oakland, Maryland Read More »

Arizona Lottery Closed on July 23

SOURCE: Arizona Lottery State Furlough Day Closes Lottery Offices PHOENIX, AZ–(Marketwire – July 19, 2010) –  Due to statewide government furloughs, the Arizona Lottery’s Phoenix and Tucson Offices will be closed on Friday, July 23. This closure requires our employees to take an unpaid furlough day . Lottery retailers will still sell tickets and pay prizes on that day.

Arizona Lottery Closed on July 23 Read More »

Association of Gaming Equipment Manufacturers (AGEM) Announces 11 New Members Join Organization and 101 Overall as Trade Group Celebrates 10 Years of…

SOURCE: Association of Gaming Equipment Manufacturers LAS VEGAS, NV–(Marketwire – July 19, 2010) – The Association of Gaming Equipment Manufacturers (AGEM) announced today that its Board of Directors has approved the membership applications of 11 new companies, bringing the trade group comprised of the world’s leading gaming suppliers to a total of 101 members. The new AGEM members are: Acres 4.0, based in Las Vegas, delivers player-based gaming systems built upon low-cost, high-performance consumer electronics, in which game experiences are customized by the individual player. American Gaming Systems (AGS), based in San Francisco with multiple offices around the U.S.

Association of Gaming Equipment Manufacturers (AGEM) Announces 11 New Members Join Organization and 101 Overall as Trade Group Celebrates 10 Years of… Read More »

Dunkin’ Donuts Announces Eight New Restaurants in South Bend, IN and Kalamazoo, MI

SOURCE: Dunkin’ Donuts Sack of Donuts, LLC to Open First Location in 2011 and Remainder by 2015 CANTON, MA–(Marketwire – July 19, 2010) –  Dunkin’ Donuts, America’s favorite everyday all-day stop for coffee and baked goods, announced today the signing of a multi-unit store development agreement with Sack of Donuts, LLC for eight new restaurants in South Bend, IN and Portage/Kalamazoo, MI. One restaurant will open in 2011 and the remainder by 2015. Dunkin’ Donuts’ development throughout the region is part of a steady and strategic growth strategy, which includes expanding in existing markets while entering new cities across the country to help drive the leading coffee and bakery chain’s growth. Sack of Donuts, LLC is led by brothers Mike and Andy Knapick and Dewayne White, former NFL starting defensive end for the Detroit Lions. The local entrepreneurs also own eight Jimmy John’s and a Bar Louie operation spread out between the South Bend and Kalamazoo markets.  ” Our team has built a strong reputation with our two current concepts and we’re very excited about adding a third operation to our portfolio and expanding Dunkin’ Donuts’ presence in South Bend, Kalamazoo and Portage,” said Mike Knapick, Managing Member, Sack of Donuts, LLC. “We all have a strong passion and loyalty for the brand and know Dunkin’ Donuts will thrive in each of these markets.” In addition to the development agreement mentioned above, Dunkin’ Donuts is seeking new and existing franchisees to develop restaurants in Milwaukee, Chicago, Atlanta, Tampa, Washington, DC, and Detroit. To drive its expansion efforts, Dunkin’ Donuts has aligned its strategy to support the growth opportunities and consumer needs of individual markets. As a result, the company continues to expand with single and multi-unit opportunities with no minimum unit requirements.  Ideally, franchisees should possess a minimum net worth of $500,000 and liquid assets of at least $250,000, but financial qualifications will vary based on the opportunity available by market. This evolution of Dunkin’ Donuts’ franchise sales effort enables the brand to expand in markets more aggressively, while balancing its market penetration and maturity

Dunkin’ Donuts Announces Eight New Restaurants in South Bend, IN and Kalamazoo, MI Read More »

Esterline Announces Cash Tender Offer and Consent Solicitation

SOURCE: Esterline Technologies BELLEVUE, WA–(Marketwire – July 19, 2010) –  Esterline Corporation ( NYSE : ESL ) ( www.esterline.com ), a leading specialty manufacturer serving aerospace/defense markets, today announced that it is commencing a cash tender offer and consent solicitation (the “Tender Offer”) pursuant to an Offer to Purchase and Consent Solicitation Statement, dated July 19, 2010, and a related Letter of Transmittal and Consent.  Upon the terms and subject to the conditions described in the Offer to Purchase and the Letter of Transmittal, Esterline is offering to repurchase for cash any and all of its $175 million outstanding 7 3/4% Senior Subordinated Notes due 2013 (the “2013 Notes”) and soliciting consents to certain proposed amendments to the indenture governing such notes to, among other things, eliminate substantially all of the restrictive covenants and certain events of default contained in the indenture governing such notes.  Simultaneously with the Tender Offer, Esterline is commencing a private placement of $200 million aggregate principal amount of senior notes (the “Note Offering”), the net proceeds of which are expected to be used in connection with the Tender Offer to refinance the 2013 Notes.

Esterline Announces Cash Tender Offer and Consent Solicitation Read More »

Esterline Corporation Launches Private Placement of Senior Notes

SOURCE: Esterline Technologies BELLEVUE, WA–(Marketwire – July 19, 2010) –  Esterline Corporation ( NYSE : ESL ) ( www.esterline.com ), a leading specialty manufacturer serving aerospace/defense markets, today announced that it is commencing an offering (the “Offering”) of $200 million aggregate principal amount of senior notes due 2020. Esterline intends to use the net proceeds from the Offering to repurchase any and all of its $175 million outstanding 7 3/4% Senior Subordinated Notes due 2013 (the “2013 Notes”), pursuant to a cash tender offer and consent solicitation for the 2013 Notes also announced today, and to use the balance for general corporate purposes. Brad Lawrence, Esterline’s President and Chief Executive Officer, stated that “…this transaction represents a timely and attractive opportunity for Esterline to extend the maturity of its long-term debt, lower overall interest costs, and improve our strategic flexibility, thereby enhancing long-term value for our shareholders.” The Offering is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes being offered by Esterline have not been registered under the Securities Act or any state securities laws. Therefore, the notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state securities laws

Esterline Corporation Launches Private Placement of Senior Notes Read More »

CanaDream Corporation Reports Year End Earnings of $326,000 or 1.7 Cents Per Share

CALGARY, ALBERTA–(Marketwire – July 19, 2010) – CanaDream Corporation (TSX VENTURE : CDN) today announced financial results for the year ended April 30, 2010, as follows: Revenues for the year of $22.3 million is 5% lower than last year, cash flow from operations of $5.0 million (25 cents per share) is 36% lower than last year, net income and comprehensive income of $326,000 is 60% lower than last year. The Company encourages interested parties to access CanaDream Corporation’s Management Discussion and Analysis (MD&A) on the SEDAR website, www.sedar.com , for a more detailed discussion of these results. Summarized results for the year ended April 30, 2010 are as follows:       April 30, 2010   April 30, 2009 %Change                   Revenue $ 22,318,000 $ 23,525,000 (5 % )                 Revenue less direct expenses $ 9,329,000 $ 10,586,000 (12 % )                 Income before income tax $ 513,000 $ 1,080,000 (53 % )                 Net and comprehensive income $ 326,000 $ 812,000 (60 % )                 Cash flow from operations $ 5,029,000 $ 7,869,000 (36 % )                 Basic earnings per share   1.75 cents   4.92 cents (64 % )                 Fully diluted earnings               per share   1.70 cents   4.69 cents (64 %)                 Common Shares outstanding   19,752,657   16,472,042 20 %                 Weighted average number of               common shares outstanding   18,640,112   16,505,239 13 % Income before income taxes of $513,000 decreased $567,000 or 53% from the prior year.

CanaDream Corporation Reports Year End Earnings of $326,000 or 1.7 Cents Per Share Read More »

WheelTug Announces Partnership With World-Class Landing Gear Team

SOURCE: WheelTug Limited FARNBOROUGH, UK–(Marketwire – July 19, 2010) –  WheelTug Limited, developer of the WheelTug aircraft electric drive system, has retained Endeavor Analysis, LLC, a leading consulting firm on aircraft landing gears, to provide structural and strength analysis work for the landing gear connected to the WheelTug system. The agreement was announced today at the biennial Farnborough Air Show, now underway here.

WheelTug Announces Partnership With World-Class Landing Gear Team Read More »

Live Table Games Add to Excitement, Popularity of Sands Bethlehem Casino Resort

SOURCE: Las Vegas Sands Property Now New York City’s Closest Full-Service Casino BETHLEHEM, PA–(Marketwire – July 19, 2010) –   With the simple flip of a card, Sands Bethlehem Casino Resort has become the most convenient gaming and entertainment destination for millions of Lehigh Valley, New York City, and northern New Jerseys residents. The property, which is owned by global resort developer Las Vegas Sands Corp. ( NYSE : LVS ), yesterday opened 89 table games and saw thousands of customers pass through the doors eager to test their luck on opening day

Live Table Games Add to Excitement, Popularity of Sands Bethlehem Casino Resort Read More »

Hertz Announces Pricing of Approximately $750 Million Term Asset-Backed Notes

SOURCE: The Hertz Corporation PARK RIDGE, NJ–(Marketwire – July 19, 2010) –  Hertz Global Holdings, Inc. (the “Company”) ( NYSE : HTZ ) announced today that its subsidiary Hertz Vehicle Financing LLC (“HVF”), a special purpose limited liability company of which The Hertz Corporation (“Hertz”), a wholly-owned subsidiary of the Company, is the sole member, priced approximately $750 million in aggregate principal amount of 3 year, 5 year and 7 year Series 2010-1 Rental Car Asset Backed Notes, Class A (the “Class A Notes”) and Class B (the “Class B Notes,” and together with the Class A Notes, the “Notes”), rated “Aaa” and “Baa2” by Moody’s, respectively. The Class B Notes are subordinated to the Class A Notes.  The $225 million of 3 year Class A Notes carry a 2.60% coupon (2.62% yield), the $34.56 million of 3 year Class B Notes carry a 5.02% coupon (5.07% yield), the $325 million of 5 year Class A Notes carry a 3.74% coupon (3.78% yield), the $49.92 million of 5 year Class B Notes carry a 5.70% coupon (5.78% yield), the $100 million of 7 year Class A Notes carry a 4.73% coupon (4.78% yield), and the $15.36 million of 7 year Class B Notes carry a 6.44% coupon (6.53% yield). The 3 year notes, 5 year notes and 7 year notes have expected final maturities in 2014, 2016 and 2018, respectively. The Notes are to be sold only to qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to investors outside the United States pursuant to Regulation S under the Securities Act. The net proceeds of the offering will be used, to the extent permitted, to purchase vehicles under the ABS program of HVF, to pay other ABS indebtedness or distributed to The Hertz Corporation and used for general purposes. The offering is expected to close on July 22, 2010 subject to customary closing conditions.

Hertz Announces Pricing of Approximately $750 Million Term Asset-Backed Notes Read More »

Scroll to Top
Scroll to Top