Archive for 'Chief financial officer'

The Corporate Executive Board Company (“CEB” or “the Company”) (NYSE: EXBD) today announced that its Board of Directors has approved a new $50 million stock repurchase program, which is authorized through Dec. 31, 2012.  During the third quarter of 2011, CEB also utilized the remaining amount available under its previous stock repurchase plan, which was approximately $18.3 million as of June 30, 2011.

“The Board’s decision to implement a new share repurchase program reflects confidence in our growth opportunities and in our ability to generate strong cash flows,” said Thomas Monahan, Chairman and Chief Executive Officer.  “Our priorities for capital allocation remain unchanged:  maintain a strong financial position, preserve flexibility for strategic investments, and intelligently distribute cash to shareholders – primarily through our dividend.  This new share repurchase program supplements this strategy by allowing us to opportunistically offset historical and future dilution from employee equity compensation programs.”

Repurchases under the program may be made through open market purchases or privately negotiated transactions. The timing of repurchases and the exact number of shares of common stock to be repurchased will be determined by CEB’s management, in its discretion, and will depend upon market conditions and other factors. The program will be funded using the Company’s cash on hand and cash generated from operations.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements using words such as estimates, expects, anticipates, projects, plans, intends, believes, forecasts and variations of such words or similar expressions are intended to identify forward-looking statements. In addition, statements about anticipated future financial results, such as our 2011 annual guidance, are forward-looking statements. You are hereby cautioned that these statements are based upon our expectations at the time we make them and may be affected by important factors including, among others, the factors set forth below and in our filings with the U.S. Securities and Exchange Commission, and consequently, actual operations and results may differ materially from the results discussed in the forward-looking statements. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. Factors that could cause actual results to differ materially from those indicated by forward-looking statements include, among others, our dependence on renewals of our membership-based services, the sale of additional programs to existing members and our ability to attract new members, our potential failure to adapt to changing member needs and demands, our potential inability to attract and retain a significant number of highly skilled employees, risks associated with the results of restructuring plans, fluctuations in operating results, our potential inability to protect our intellectual property rights, our potential exposure to loss of revenue resulting from our unconditional service guarantee, exposure to litigation related to our content, various factors that could affect our estimated income tax rate or our ability to use our existing deferred tax assets, changes in estimates or assumptions used to prepare our financial statements, our potential inability to make, integrate and maintain acquisitions and investments, the amount and timing of the benefits expected from acquisitions and investments, and our potential inability to effectively anticipate, plan for and respond to changing economic and financial markets conditions, especially in light of ongoing uncertainty in the worldwide economy and possible volatility of our stock price. These and other factors are discussed more fully in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of our filings with the U.S. Securities and Exchange Commission, including, but not limited to, our 2010 Annual Report on Form 10-K. The forward-looking statements in this press release are made as of Aug. 29, 2011, and we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

ABOUT THE CORPORATE EXECUTIVE BOARD COMPANY

By identifying and building on the proven best practices of the world’s best companies, CEB helps senior executives and their teams drive corporate performance.  CEB offers comprehensive data analysis, research and advisory services that align to executive leadership roles and key recurring decisions. CEB tools, insights, and analysis empower member companies to focus efforts, move quickly, and address emerging and enduring business challenges with confidence.  CEB’s client and member network includes 85 percent of the Fortune 500, 50 percent of the Dow Jones Asian Titans, and 70 percent of the FTSE 100.  It spans more than 50 countries, 5,300 individual organizations, and 225,000 business professionals.  For more information, visit www.executiveboard.com.

CONTACT: Richard S. Lindahl, Chief Financial Officer, +1-571-303-6956, c/o jconnor@executiveboard.com

Web Site: http://www.executiveboard.com

Online Real Estate Co., Move, Inc. (NASDAQ: MOVE) Loses CFO

Online Real Estate Co., Move, Inc. (NASDAQ: MOVE) Loses CFO-Image by Getty Images via @daylife

Move, Inc. (NASDAQ: MOVE), the leader in online real estate, announced today that the Company’s Chief Financial Officer Rob Krolik has tendered his resignation in order to accept the same position at Yelp!, Inc. Move, Inc. will immediately begin an executive search for a new chief financial officer. Mr. Krolik will assist in the transition of his duties.

“Rob has been a great partner and I want to thank him for his many important contributions to Move,” said Steve Berkowitz, CEO of Move. “Over the past two years, we’ve made tremendous progress realigning the company to connect consumers with real estate professionals and to take advantage of the large online real estate opportunity.  I wish Rob all the best with his new role.”

Rob Krolik stated, “I have really valued my time at Move and believe strongly that the company has the ability to capitalize on the many opportunities in front of it. I am extremely proud of what has been accomplished thus far and I wish Move and all of my colleagues and friends the best going forward.”

This press release may contain forward-looking statements, including information about management’s view of Move’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move’s future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

ABOUT MOVE, INC.

Move, Inc. (NASDAQ: MOVE) is the leader in online real estate with over 23 million monthly visitors(1)to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com®, the official website of the National Association of REALTORS®; MortgageMatch.com, Moving.com; SeniorHousingNet; ListHub; and TOP PRODUCER Systems. Move, Inc. is based in Campbell, California.

(1)comScore Media Metrix, June 2011 Key Measures Report
http://www.move.com

The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) yesterday declared a cash dividend of $0.10 per common share, payable April 18, 2011, to common shareholders of record on April 4, 2011.

The first quarter dividend represents a payout of approximately $1.1 million based on 10.5 million common shares currently outstanding and an annualized dividend yield of 3.32% based on the closing stock price of Peoples’ common shares of $12.05 on March 24, 2011.

Peoples also announced it intends to release first quarter 2011 results of operations before the market opens on Tuesday, April 26, 2011, and host a facilitated conference call at 11:00 a.m. Eastern Daylight Saving Time on the same date.  A simultaneous Webcast of the conference call audio will be available on Peoples’ website, www.peoplesbancorp.com, in the “Investor Relations” section.

Peoples Bancorp Inc. is a diversified financial products and services company with $1.8 billion in assets, 47 locations and 40 ATMs in Ohio, West Virginia and Kentucky.  Peoples makes available a complete line of banking, investment, insurance, and trust solutions through its financial service units – Peoples Bank, National Association; Peoples Financial Advisors (a division of Peoples Bank) and Peoples Insurance Agency, LLC, which includes the Putnam and Barengo divisions.  Peoples’ common shares are traded on the NASDAQ Global Select Market® under the symbol “PEBO”, and Peoples is a member of the Russell 3000 index of US publicly traded companies.  Learn more about Peoples at www.peoplesbancorp.com.

CONTACT: Edward G. Sloane, Chief Financial Officer and Treasurer, +1-740-373-3155

Web Site: http://www.peoplesbancorp.com

iStar Financial Inc. (NYSE: SFI) announced today that it has engaged J.P. Morgan to arrange up to $3.0 billion in new senior secured credit facilities, the proceeds of which would be used to refinance the Company’s secured loan facilities due to mature in June 2011 and 2012, as well as repay a portion of the Company’s unsecured debt maturing in 2011.  The proposed new credit facilities may be divided into tranches with differing interest rates and maturity dates. Under the proposed terms of the new credit facilities, outstanding borrowings are expected to be secured by a first lien on a diversified collateral pool comprised primarily of performing loans and corporate tenant lease assets.

While marketing for the transaction has commenced, the Company cautions that it has not yet received commitments for the new credit facilities and there can be no assurance that the preliminary terms described above will not change materially, or that the Company will be successful in its efforts to complete the new credit facilities or alternative financing to address its near-term debt maturities.

iStar Financial Inc. is a publicly traded, fully-integrated finance and investment company focused on the commercial real estate industry. The Company provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests across a range of real estate sectors. The Company is taxed as a real estate investment trust (“REIT”). Additional information on iStar Financial is available on the Company’s website at www.istarfinancial.com.

CONTACT: David M. DiStaso, Chief Financial Officer, or Jason Fooks, Investor Relations, both of iStar Financial Inc., +1-212-930-9400

Web Site: http://www.istarfinancial.com

Anthony Cataldo named President, CEO and Director

Michael Handelman named CFO, Treasurer and Director

Messrs. Brooke, McKilligan and Ahn resign as Directors

Genesis Biopharma, Inc. (OTC Bulletin Board: GNBP), a biotechnology company developing targeted cancer therapies, today announced that Anthony J. Cataldo has been named President and Chief Executive Officer.  Mr. Cataldo succeeds Robert Brooke, who now serves as a strategic advisor to Genesis Biopharma.  In addition, the Company named Michael Handelman as Chief Financial Officer, Treasurer and Secretary, succeeding Richard McKilligan.

Mr. Cataldo and Mr. Handelman have been appointed to the Company’s Board of Directors.  Mr. Brooke, Mr. McKilligan and Mark Ahn have resigned as members of the Genesis Biopharma Board.  All of these changes are effective immediately.

“I’m looking forward to working with the Genesis Biopharma board to further the progress of our important cancer technology, and to develop new strategic opportunities to build shareholder value,” said Mr. Cataldo. “Genesis Biopharma’s targeted anti-CD55 monoclonal antibody technology has widespread clinical utility, as it neutralizes a key cancer defense mechanism that is over-expressed in more than 80% of tumors. The anti-CD55 technology could provide a safe alternative to toxic chemotherapy regimens, and has the potential to expand and improve the clinical utility of already approved antibody therapies as well as some novel agents in development.”

Mr. Cataldo, age 58, has nearly two decades experience as a senior executive with publicly traded companies.  He currently serves as the Chairman, Chief Executive Officer and a Director of Oxis International, Inc. (OTC Bulletin Board: OXIS), positions he has held since March 2009.  Oxis is engaged in the research, development and sale of products that counteract the harmful effects of oxidative stress.  Previously, he served as non-executive Co-Chairman of the Board of MultiCell Technologies, Inc., a supplier of functional, non-tumorigenic immortalized human hepatocytes. Mr. Cataldo has also served as Executive Chairman of Calypte Biomedical Corporation, a biotechnology company involved in the development and sale of urine-based HIV-1 screening tests. Prior to that, he served as President and Chairman of the Board of Senetek, PLC, a biotechnology company involved in age-related therapies.

Michael Handelman, age 52, currently serves as the Chief Financial Officer of Oxis International.  Before joining Oxis, he served as Chief Financial Officer and Chief Operating Officer of TechnoConcepts, Inc., a developing technology and manufacturing company.  Prior to that, he was Chief Financial Officer of Interglobal Waste Management, Inc., a start-up manufacturing company.  Mr. Handelman has also been Chief Financial Officer of the Los Angeles Kings, a National Hockey League franchise.  He is a certified public accountant and holds a degree in accounting from the City University of New York.

About Genesis Biopharma, Inc.

Genesis Biopharma, Inc. is a development-stage biotechnology company engaged primarily in the development of targeted cancer therapies.  For more information on the company, visit www.genesis-biopharma.com.

Forward-Looking Statements

The foregoing press announcement contains forward-looking statements that can be identified by such terminology as “expect,” “potential,” “suggests,” “bodes,” “may,” “should,” “could” or similar expressions.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements.  In particular, management’s expectations regarding future research, development and/or commercial results could be affected by, among other things, uncertainties relating to clinical trials and product development; availability of future financing; unexpected regulatory delays or government regulation generally; the company’s ability to obtain or maintain patent and other proprietary intellectual property protection; and competition in general. Forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

CONTACT: Investors, Don Markley of  Lippert/Heilshorn & Associates, Inc., +1-310-691-7100, dmarkley@lhai.com, for Genesis Biopharma, Inc.

Web Site: http://www.genesis-biopharma.com

Agree Realty Corporation (NYSE: ADC) today announced it will redevelop the southeast corner of Shattuck Avenue and Cedar Street in Berkeley, California. The project, on behalf of a national leader in the chain drugstore industry, is expected to be completed during the third quarter of 2011.  Agree will develop the project and oversee construction for a fee to be paid upon completion.

“This is the second such development that we have undertaken in northern California. This project exemplifies our flexibility and ability to execute on behalf of national retailers,” said Joey Agree, President of Agree Realty Corporation.

Agree Realty is engaged in the ownership, management and development of properties which are primarily single tenant properties leased to major retail tenants and neighborhood community shopping centers.  Agree Realty owns and operates a portfolio of 81 properties, located in 17 states and containing 3.5 million square feet of leasable space.

The Company considers portions of the information contained in this release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended.  These forward-looking statements represent the Company’s expectations, plans and beliefs concerning future events.  Although these forward-looking statements are based on good faith beliefs, reasonable assumptions and the Company’s best judgment reflecting current information, certain factors could cause actual results to differ materially from such forward–looking statements.  Such factors are detailed from time to time in reports filed or furnished by the Company with the Securities and Exchange Commission, including the Company’s Form 10-K for the year ended December 31, 2009.  Except as required by law, the Company assumes no obligation to update these forward–looking statements, even if new information becomes available in the future.

For additional information, visit the Company’s home page on the Internet at http://www.agreerealty.com

CONTACT: Alan Maximiuk, Chief Financial Officer, +1-248-737-4190

Web Site: http://www.agreerealty.com

Financial Advisors: New Tool Using Social Media

Inform, engage, and empower your followers with the timeliest financial topics

McGraw-Hill Financial Communications (MGH FC) has launched FC Share!, a free, social media product for financial advisors that contains FINRA-reviewed content. Advisors access a dynamic selection of FINRA-reviewed articles written by the editors at MGH FC, and then use one of our pre-written posts to share timely messages with their followers on Twitter, connections on LinkedIn, and fans on Facebook. The FC Share! landing page is located here: www.FCShare.com.

FC Share! creates a bridge between social networking and regulation. Advisors are able to use social media with preapproved messages. Compliance departments can easily review the prewritten posts and examine the articles that have already been FINRA-reviewed.

McGraw-Hill FC is seeking to make social networking accessible and acceptable for financial advisors. Newsletter OnDemand, MGH FC’s proprietary e-newsletter system used by financial advisors at over 20 broker dealers, also incorporates FINRA reviewed articles and integration with Facebook pages and advisor websites. For more information on Newsletter OnDemand, please visit: https://fc.standardandpoors.com/ondemand/public/promos/product_landing.vm?oid=51&client=fcon.

FC Share! can be added to an existing McGraw-Hill Financial Communications platform, or can be accessed here: www.FCShare.com.

For more information, contact McGraw-Hill Financial Communications at 800.326.7697 or infofc@mcgraw-hill.com.

About McGraw-Hill Financial Communications

McGraw-Hill Financial Communications, a division of McGraw-Hill Professional in collaboration with Standard & Poor’s, is a leading provider of print and Web-based content and services for financial services firms. Its offerings include investor education, retirement plan services, advisor communication tools, marketing productivity tools, and custom communications. As part of The McGraw-Hill Companies, McGraw-Hill Financial Communications leverages world-class content and data from leading brands such as Standard & Poor’s and McGraw-Hill Education. The division is based in Boston, Massachusetts. Additional information is available at http://visitfc.com.

McGraw-Hill Professional is a leading global provider of print and electronic content and services for the business, technical, and medical communities. Its offerings include reference and certification books for all professional and educational disciplines and online solutions on business and financial, medical and health, engineering, and scientific topics. For more information, visit http://www.mhprofessional.com/.

McGraw-Hill Professional is a unit of McGraw-Hill Education. McGraw-Hill Education, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading innovator in the development of teaching and learning solutions for the 21st century. Through a comprehensive range of traditional and digital education content and tools, McGraw-Hill Education empowers and prepares professionals and students of all ages to connect, learn, and succeed in the global economy. McGraw-Hill Education has offices in 33 countries and publishes in more than 65 languages. Additional information is available at http://www.mheducation.com.

CONTACT: Betsy Miller, Marketing Manager, +1-857-383-5706, betsy_miller@mcgraw-hill.com

Web Site: http://visitfc.com

Agree Realty Corporation (NYSE: ADC) today announced it has acquired a property ground leased on a long-term basis to JPMorgan Chase Bank located on Route 12 near Spring Grove Road in Spring Grove, Illinois.  The cost of the acquisition was approximately $2,900,000.  Chase Bank has approximately 27 years remaining on the base term of the lease.

“We are pleased to add another JPMorgan Chase Bank location to our portfolio of national credit tenants,” said Joey Agree, President and Chief Operating Officer of Agree Realty Corporation.  “This is the second acquisition of a long-term leasehold to an industry leading financial institution that we have recently completed.”

Agree Realty is engaged in the ownership, management and development of properties which are primarily single tenant properties leased to major retail tenants and neighborhood community shopping centers.  Agree Realty owns and operates a portfolio of 81 properties, located in 17 states and containing over 3.5 million square feet of leasable space.

The Company considers portions of the information contained in this release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended.  These forward-looking statements represent the Company’s expectations, plans and beliefs concerning future events.  Although these forward-looking statements are based on good faith beliefs, reasonable assumptions and the Company’s best judgment reflecting current information, certain factors could cause actual results to differ materially from such forward-looking statements.  Such factors are detailed from time to time in reports filed or furnished by the Company with the Securities and Exchange Commission, including the Company’s Form 10-K for the year ended December 31, 2009.  Except as required by law, the Company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future.

For additional information, visit the Company’s home page on the Internet at http://www.agreerealty.com

CONTACT: Alan Maximiuk, Chief Financial Officer, Agree Realty Corporation, +1-248-737-4190

Web Site: http://www.agreerealty.com

Huntsman Corporation (NYSE: HUN) today announced that it gave notice to redeem $100 million of its 7 3/8% senior subordinated notes due 2015 pursuant to the terms of the indenture.  The redemption is expected to be completed in January 2011.

Kimo Esplin, EVP and CFO of Huntsman Corporation, stated, “During 2010 we have extended the maturity of our revolving credit facility by four years and refinanced approximately $900 million of senior subordinated debt extending these maturities by almost seven years.  We have a strong liquidity position and project favourable free cash flow generation on the horizon.  We are committed to further reducing indebtedness in the future.”

About Huntsman:

Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman has approximately 11,000 employees and operates from multiple locations worldwide. The Company had 2009 revenues of approximately $8 billion. For more information about Huntsman, please visit the company’s website at www.huntsman.com .

Forward-Looking Statements:

Statements in this release that are not historical are forward-looking statements. These statements are based on management’s current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed in the Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors.  The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

China-Biotics, Inc. (Nasdaq: CHBT)- Business Trending Up

China-Biotics, Inc. (Nasdaq: CHBT)- Business Trending Up-Image via Wikipedia

China-Biotics, Inc. (“China-Biotics” or “the Company”), (Nasdaq: CHBT) the leading developer, manufacturer and distributor of probiotics products in China, today announced that it has signed 14 new customers for its bulk additives probiotics products.

Among the 14 small to medium sized new customers, one is animal feed manufacturer, five are functional food, nutritional product and pharmaceutical producers, and the remaining eight are dairy companies. As of the end of November, the total bulk customers increased to 51. Approximately 60% of newly signed customers are located in tier one cities such as Beijing, Tianjin etc.

Mr. Jinan Song, Chairman and CEO of China-Biotics, commented, “We believe our success in consistently winning new bulk businesses reflects the proven value of our unique solution that combines our superior proprietary products with value-added customized production service. Following nine-month of mass production and equipment fine-tuning, we are very confident that the safety and stability of our bulk additive products are now becoming our winning ticket to expand market share in China.”

About China-Biotics

China-Biotics, Inc. (“China-Biotics” or “the Company”), a leading manufacturer of biotechnology products and supplements, engages in the research, development, marketing and distribution of probiotics dietary supplements in China. Through its wholly owned subsidiaries, Shanghai Shining Biotechnology Co., Ltd. and Growing Bioengineering (Shanghai) Co. Ltd., the Company develops and produces a proprietary product portfolio. Currently, its retail products are sold over the counter, mainly through large distributors, to pharmacies and supermarkets in Shanghai and Jiangsu and Zhejiang provinces. The Company also sells bulk products to institutional customers such as dairy and animal feed producers as well as pharmaceutical companies. In February 2010, China-Biotics began its commercial production in China’s largest probiotics production facility to meet the growing demand in China. For more information, please visit http://www.chn-biotics.com.

Safe Harbor Statement

The information in this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the Company’s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project,” or “continue,” the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. Any or all of the Company’s forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially different from those expressed or implied in the forward-looking statements. In evaluating these statements, readers should consider various factors, including the risks described in “Item 1A. Risk Factors” beginning on page 17 and elsewhere in the Company’s 2010 Annual Report on Form 10-K. These factors may cause the Company’s actual results to differ materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the Company to predict all factors that may cause actual results to differ materially from those contained in any forward- looking statements. The Company disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this document, except as required by applicable law.

Contact:
Travis Cai
Chief Financial Officer
China-Biotics, Inc.
traviscai@chn-biotics.com
Shiwei Yin/Dixon Chen
Grayling
646-284-9474
shiwei.yin@grayling.com
dixon.chen@grayling.com
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