Archive for 'Private Securities Litigation Reform Act'

Option Traders Get Year End Gift

MIAX Options Exchange (“MIAX”), the newest U.S. equity options exchange, announced today that it will waive transaction fees until the end of the year, other than select transaction and regulatory fees applicable to members trading options on and using services provided by MIAX.  MIAX also confirmed that it will launch trading operations on December 7, 2012, as previously announced.

Thomas P. Gallagher, MIAX’s Chairman and Chief Executive Officer said, “Tomorrow marks a tremendous milestone for MIAX with the launch of our MIAX Options Exchange.  We are proud to be the newest member of the U.S. equity options industry and we look forward to a successful launch.”

Gallagher further stated, “On behalf of our shareholders and the Boards of Directors of both MIAX and Miami International Holdings, Inc., our parent company, I would like to express my sincerest thanks to Doug Schafer, Executive Vice President and Chief Information Officer at MIAX, and his highly skilled and experienced IT team for their unwavering commitment.  Doug and his team are extremely well-versed in the unique functional and performance demands of the options industry and have designed and implemented a trading platform that features ultra-low latency, proper protections and exceptional throughput, and which can be operated on a very cost-efficient basis.”

Shelly Brown, Senior V.P. Strategic Planning and Operations, who spearheaded the MIAX Exchange strategy, stated, “The response from the options industry has been very enthusiastic, and we are pleased to have more than 27 market makers and order flow providers already approved for options trading with additional firms close to completing the membership process.”

MIAX is a fully electronic options trading exchange. Its trading platform has been developed in-house and designed from the ground up for the unique functional and performance demands of derivatives trading.  The MIAX executive offices and technology development center are located in Princeton, New Jersey.  The National Operations Center for the MIAX Options Exchange is also housed at the Princeton facility.  Additional executive offices, as well as a multi-purpose training, meeting and conference center will be located in a state-of-the-art facility in Miami, Florida.

For detailed information regarding fees on the MIAX Options Exchange, please visit www.miaxoptions.com/content/fees.

For further information regarding the MIAX Options Exchange, including fee schedule, news and recent developments, member onboarding, and technology onboarding, including specifications and requirements, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com.

Corporate Communications Contact: Oly Wirtz
609-897-1478
owirtz@miami-holdings.com

About MIAX Options Exchange

MIAX is a wholly-owned subsidiary of Miami International Holdings, Inc. (“MIH”).  MIAX has assembled a team with deep rooted experience in developing, operating and trading on options exchanges.  The initial focus of MIH is to leverage management’s expertise and relationships in the equity options space to launch the MIAX Options Exchange.  MIAX intends to launch the MIAX Equities Exchange once the MIAX Options Exchange is operational and plans to pursue Latin American equity listings.  The launch of the MIAX Equities Exchange is subject to SEC approval.  The vision for the MIAX Equities Exchange is to become a marketplace that enables access to the Latin American markets, a place where global Hispanic entrepreneurs can seek capital and growth opportunities, and an exchange where Latin American companies will want to be listed.  MIAX believes that Miami is the ideal location for taking advantage of the rapidly developing business opportunities emanating from the Americas and that Latin American companies will be interested in listing on the MIAX because of its presence in Miami.  The MIAX Futures Exchange is also planned as a follow-on initiative.  The launch of the MIAX Futures Exchange is subject to CFTC approval.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of MIH, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning the plans, objectives, expectations and intentions and other statements that are not historical or current facts of MIH, together with its subsidiaries, including MIAX (the “Company”).  Forward-looking statements include, but are not limited to, statements about the possible or assumed future results of operations of the Company; the competitive position of the Company; potential growth opportunities available to the Company; the expectation with respect to securities, options and future markets and general economic conditions; the effects of competition on the Company’s business; and the impact of future legislation and regulatory changes on the Company’s business.  Forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements.

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

Allstate (NYSE: ALL) Board OK’s Stock Repurchase

The Allstate Corporation (NYSE: ALL) today announced that its board of directors has approved plans to issue preferred stock and senior unsecured debt to fund a new $1.0 billion share repurchase program and repay maturing debt. The board also approved a quarterly dividend of 21 cents per share.

“We believe this is an opportune time to repurchase common stock given Allstate’s current valuation,” said Thomas J. Wilson, Allstate’s chairman, president and chief executive officer. “As a result, we plan to adjust our capital structure to capture this opportunity while maintaining our strong capital position. Our $1.0 billion share repurchase program and upcoming 2012 debt maturity will be funded by issuing a combination of preferred stock and senior unsecured notes totaling $1.25 billion, market conditions permitting.” The share repurchase program will be made through open market purchases and may include an accelerated repurchase program. The program is expected to be completed by March 31, 2013.

The board also approved a quarterly dividend of 21 cents on each outstanding share of the corporation’s common stock, payable in cash on January 3, 2012 to stockholders of record at the close of business on November 30, 2011.

This press release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. We believe that these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. We assume no obligation to update any forward-looking statements as a result of new information or future events or developments.

Allstate has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Allstate has filed with the SEC for more complete information about Allstate and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Allstate will arrange to send you the prospectus if you request it by calling tollfree 1-800-416-8803.

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer known for its “You’re In Good Hands With Allstate®” slogan. Now celebrating its 80th anniversary as an insurer, Allstate is reinventing protection and retirement to help nearly 16 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®.

CONTACT: Maryellen Thielen, Media Relations, +1-847-402-5600, or Robert Block or Christine Ieuter, Investor Relations, +1-847-402-2800

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

Briggs & Stratton Corporation (NYSE: BGG) today announced the closing of a new five-year $500 Million Senior Unsecured Revolving Credit Facility with a syndicate of financial institutions.  The multicurrency credit agreement also includes an optional increase in aggregate commitment amount of up to $250 million, subject to certain conditions.  This agreement replaces the company’s existing credit agreement maturing in July 2012.  As of the end of the company’s most recent fiscal year ended July 3, 2011, no amounts were outstanding under the existing agreement.

“We are pleased to have replaced this important source of unsecured, committed financing with such a strong showing of support from our existing and new financial institutions.  It is a testament to our strong relationships as well as their confidence in the continued strength of and the outlook for our business,” said David Rodgers, Briggs & Stratton Corporation Senior Vice president and Chief Financial Officer.  “Our capital structure, management, continued strong free cash flow generation and the new credit facility provide us with the financial flexibility to support continued organic growth in our core businesses and our strategy to diversify and grow geographically.”

Fifteen financial institutions participated in the facility, which was more than 35 percent oversubscribed with J.P. Morgan Securities LLC and U.S. Bank N.A. serving as joint lead arrangers.  The company intends to use the Senior Unsecured Revolving Credit Facility to fund strategic growth initiatives, working capital and other general corporate purposes.  Material terms and conditions of the credit facility will be described in the company’s filings with the Securities and Exchange Commission.

About Briggs & Stratton Corporation:

Briggs & Stratton Corporation, headquartered in Milwaukee, Wisconsin, is the world’s largest producer of gasoline engines for outdoor power equipment. Its wholly owned subsidiary Briggs & Stratton Power Products Group LLC is North America’s number one manufacturer of portable generators and pressure washers, and is a leading designer, manufacturer and marketer of standby generators, along with lawn and garden and turf care through its Simplicity®, Snapper®, Ferris® and Murray® brands. Briggs & Stratton products are designed, manufactured, marketed and serviced in over 100 countries on six continents.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements are based on the company’s current views and assumptions and involve risks and uncertainties that include, among other things, the ability to successfully forecast demand for our products; changes in interest rates and foreign exchange rates; the effects of weather on the purchasing patterns of consumers and original equipment manufacturers (OEMs); actions of engine manufacturers and OEMs with whom we compete; changes in laws and regulations; changes in customer and OEM demand; changes in prices of raw materials and parts that we purchase; changes in domestic and foreign economic conditions; the ability to bring new productive capacity on line efficiently and with good quality; outcomes of legal proceedings and claims; and other factors disclosed from time to time in our SEC filings or otherwise, including the factors discussed in Items 1A, Risk Factors, of the company’s Annual Report on Form 10-K and its periodic reports on Form 10-Q.

BRIGGS & STRATTON CORPORATION
David J. Rodgers
Senior Vice President and Chief Financial Officer

No Fee Debit Cards are Out There

No Fee Debit Cards are Out There

No Fee Debit Cards are Out There-Image via Wikipedia

Despite recently announced new fees from some other banks, First Financial Bankshares, Inc. (NASDAQ: FFIN) today announced its commitment to keeping debit cards free of monthly charges.

Debit cards are extremely popular with our customers and with merchants, and we have no plans to start charging a monthly fee for use of these cards,” said F. Scott Dueser, Chairman, President and CEO.  “Free debit cards are just part of a highly competitive package of banking services we offer our customers, including free online banking, free online bill payment and the choice of a free personal checking account.”

About First Financial Bankshares

Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that operates 11 separately chartered banks with 53 locations in Texas, stretching from Hereford in the Panhandle to Huntsville, north of Houston.  The Company also operates First Financial Trust & Asset Management Company, N.A., with seven locations and First Technology Services, Inc., a technology operating company.  With more than a century of tradition, First Financial Bankshares is nationally recognized as a top-performing and financially secure banking company providing superior products, excellent service and personal attention.

The Company is listed on The NASDAQ Global Select Market under the trading symbol FFIN.  For more information about First Financial Bankshares, please visit our website at http://www.ffin.com and follow us on Twitter at http://www.twitter.com/First_Financial.

Certain statements contained herein may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995.  These statements are based upon the belief of the Company’s management, as well as assumptions made beyond information currently available to the Company’s management, and may be, but not necessarily are, identified by such words as “expect”, “plan”, “anticipate”, “target”, “forecast” and “goal”.  Because such “forward-looking statements” are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.  Factors that could cause actual results to differ materially from the Company’s expectations include competition from other financial institutions and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the  Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables.  Other key risks are described in the Company’s reports filed with the Securities and Exchange Commission, which may be obtained under “Investor Relations-Documents/Filings” on the Company’s Web site or by writing or calling the Company at 325.627.7155.  Except as otherwise stated in this news announcement, the Company does not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.

CONTACT: F. Scott Dueser, Chairman, President & CEO of First Financial Bankshares, Inc., +1-325-627-7155

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

Texas Instruments Incorporated (TI) (NYSE: TXN) today said it will raise its quarterly cash dividend 31 percent.  The new quarterly dividend will be $0.17 per share of common stock, resulting in annual dividend payments of $0.68 per common share.  The current quarterly dividend is $0.13 per share.

The increase reflects the strategic shift of TI’s product portfolio to a greater percentage of analog and embedded processing technologies, which generate high returns on investment and strong cash flow.

“This dividend increase reflects the strength of our strategy, our confidence in our future, and our commitment to shareholders,” said Rich Templeton, TI chairman, president and chief executive officer.

The new quarterly cash dividend will be payable November 21, 2011, to stockholders of record on October 31, 2011, contingent upon formal declaration by the Board of Directors at its regular meeting in October.

This is the eighth consecutive year TI has increased its dividend.  The company has paid dividends to its shareholders on an uninterrupted basis since June 1, 1962.

Safe Harbor Statement

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995.  These forward-looking statements generally can be identified by phrases such as TI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import.  Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements.  All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or its management:

  • Market demand for semiconductors, particularly in key markets such as communications, computing, industrial and consumer electronics;
  • TI’s ability to maintain or improve profit margins, including its ability to utilize its manufacturing facilities at sufficient levels to cover its fixed operating costs, in an intensely competitive and cyclical industry;
  • TI’s ability to develop, manufacture and market innovative products in a rapidly changing technological environment;
  • TI’s ability to compete in products and prices in an intensely competitive industry;
  • TI’s ability to maintain and enforce a strong intellectual property portfolio and obtain needed licenses from third parties;
  • Expiration of license agreements between TI and its patent licensees, and market conditions reducing royalty payments to TI;
  • Economic, social and political conditions in the countries in which TI, its customers or its suppliers operate, including security risks, health conditions, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates;
  • Natural events such as severe weather and earthquakes in the locations in which TI, its customers or its suppliers operate;
  • Availability and cost of raw materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;
  • Changes in the tax rate applicable to TI as the result of changes in tax law, the jurisdictions in which profits are determined to be earned and taxed, the outcome of tax audits and the ability to realize deferred tax assets;
  • Changes in laws and regulations to which TI or its suppliers are or may become subject, such as those imposing fees or reporting or substitution costs relating to the discharge of emissions into the environment or the use of certain raw materials in our manufacturing processes;
  • Losses or curtailments of purchases from key customers and the timing and amount of distributor and other customer inventory adjustments;
  • Customer demand that differs from our forecasts;
  • The financial impact of inadequate or excess TI inventory that results from demand that differs from projections;
  • Impairments of our non-financial assets;
  • Product liability or warranty claims, claims based on epidemic or delivery failure or recalls by TI customers for a product containing a TI part;
  • TI’s ability to recruit and retain skilled personnel;
  • Timely implementation of new manufacturing technologies, installation of manufacturing equipment and the ability to obtain needed third-party foundry and assembly/test subcontract services; and
  • TI’s obligation to make principal and interest payments on its debt.

 

For a more detailed discussion of these factors, see the Risk Factors discussion in Item 1A of TI’s most recent Form 10-K and of TI’s Form 10-Q for the quarter ended June 30, 2011.  The forward-looking statements included in this release are made only as of the date of this release, and TI undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.

About Texas Instruments

Texas Instruments semiconductor innovations help 80,000 customers unlock the possibilities of the world as it could be – smarter, safer, greener, healthier and more fun.  Our commitment to building a better future is ingrained in everything we do – from the responsible manufacturing of our semiconductors, to caring for our employees, to giving back inside our communities.  This is just the beginning of our story.  Learn more at www.ti.com.

http://www.ti.com

Associated Banc-Corp (Nasdaq: ASBC) announced today that it has completed the repurchase of the remaining 262,500 shares of the Series A Preferred Stock that it issued to the U.S. Department of the Treasury under the Troubled Asset Relief Program (TARP) Capital Purchase Program. Earlier today, Associated paid the U.S. Treasury $262.5 million, plus an accrued dividend of $1.1 million.  Associated funded the repurchase of the TARP shares from its recently completed public offerings of $130 million of 5.125% Senior Notes due 2016 and $65 million of Depositary Shares of 8% Perpetual Preferred Stock, Series B, and cash on hand. The repayment today is an acceleration of the previously announced target repayment date of September 28, 2011.

“We are pleased with investor response to our debt and preferred stock offerings last week and proud that we finished repurchasing the TARP preferred stock consistent with the commitment we made earlier this year to our shareholders to repay the TARP funds as soon as possible and in the most shareholder-friendly manner possible,” said President and CEO Philip B. Flynn.

“As each institution’s repayment of TARP is subject to the approval of its bank regulator, we believe the regulatory approval for our final repayment is a continued indication of the company’s financial strength,” said Flynn. ” Our pro forma capital ratios following the senior notes and the preferred stock offerings and the TARP repayment continue to exceed the requirements of our regulators and standards for well-capitalized banks. This strong capital position provides us with flexibility as we continue to execute our strategic plans for growth.”

Associated Banc-Corp has paid a total of $68.2 million in dividends to the U.S. Treasury since November 2008, when the company received the funds under the Capital Purchase Program.

The following table outlines the company’s reported capital ratios as of June 30, 2011 and adjusted to reflect the net proceeds from the issuance of $130 million of senior notes and $65 million of depositary shares, and the repurchase of the TARP Series A Preferred Stock:

As of June 30, 2011
Actual As Adjusted
for Notes
and Depositary Shares
Issuance
and Series A
Preferred
Repurchase(1)
Tier 1 common equity to risk-weighted assets (2) 12.61% 12.57%
Tier 1 risk-based capital ratio 16.03% 14.55%
Total risk-based capital ratio 17.50% 16.03%
(1) Assumes issuance of the notes and the depositary shares at the public offering prices and repurchase of the Series A Preferred Stock for an aggregate repurchase price of approximately $263.6 million ($262.5 million liquidation amount of the Series A Preferred Stock plus approximately $1.1 million of accrued and unpaid dividends).
(2) Tier 1 common capital ratio = Tier 1 capital excluding qualifying perpetual preferred stock and qualifying trust preferred securities divided by risk-weighted assets. This is a non-GAAP financial measure.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (Nasdaq: ASBC) has total assets of $22 billion and is one of the top 50 financial services holding companies operating in the United States. Headquartered in Green Bay, Wis., Associated has approximately 270 banking locations serving more than 150 communities in Wisconsin, Illinois and Minnesota. The company offers a full range of banking services and other financial products and services.  More information about Associated Banc-Corp is available at www.associatedbank.com.

FORWARD LOOKING STATEMENTS

Statements made in this document that are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management’s plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. These statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “should,” “will,” “intend,” or similar expressions. Outcomes related to such statements are subject to numerous risk factors and uncertainties including those listed in the Company’s most recent Annual Report filed on Form 10-K as updated by the Company’s most recent Form 10-Q.

Visit our online newsroom Follow us on Twitter @AssociatedBank Like us on Facebook

Contact:
Janet L. Ford
Senior Vice President
Investor Relations Director
414-278-1890 PHONE
janet.ford@associatedbank.com

Contact:
Autumn M. Latimore
Senior Vice President
Public Relations Director
414-278-1860 PHONE
414-380-9082 CELL
autumn.latimore@associatedbank.com

http://www.associatedbank.com

Behringer Harvard announced today its acquisition of a 537-unit self-storage facility at 6366 Babcock Road in San Antonio. The 3.2-acre site is north of Loop 410 and approximately five miles south of the University of Texas at San Antonio. Behringer Harvard Opportunity REIT II, Inc. acquired an 85 percent ownership interest in the property through a joint venture with Watson & Taylor Management, Inc., an operator of more than 34 self-storage facilities in Texas, Massachusetts and Tennessee, and with an investment group represented by Kennedy Wilson Austin, Inc.

Now operating as Noah’s Ark Self Storage, the Babcock Road facility comprises 10 one-story storage buildings, constructed in 2000, providing a total of 56,275 rentable square feet. As a result of the joint venture’s acquisition, the property will be rebranded as a Watson & Taylor facility. Kennedy Wilson Austin will provide the venture with partnership asset management and back-office support services. The acquisition is the first in a self-storage acquisition program planned by the joint venture partners.

“We’re pleased to pursue this venture with Watson & Taylor Management, a respected industry leader in the self-storage property sector,” said Mr. Samuel A. Gillespie, Chief Operating Officer of Behringer Harvard Opportunity REIT II, Inc. “The Babcock Road facility represents the type of self-storage acquisition opportunities we plan to target as we build a portfolio through future joint ventures with Watson & Taylor and Kennedy Wilson Austin.”

With a population of 1.3 million, San Antonio is the second-largest city in Texas and the seventh-largest city in the United States, according to the 2010 U.S. Census. San Antonio’s diversified economy focuses on financial services, government, health care and tourism. South Texas Medical Center, a vibrant complex of hospitals, clinics and 45 medical-related institutions that employ 27,000 professionals, is approximately five miles south of 6366 Babcock Road. Self-storage facilities have traditionally experienced strong demand from the students and medical professionals who are attracted to the area.

About Behringer Harvard

Behringer Harvard creates and manages global institutional-quality investment programs for individual and institutional investors through its real estate investment trusts, joint ventures and proprietary program structures. The company also offers strategic advisory, asset management and capital market solutions. Programs sponsored and managed by the Behringer Harvard group of companies have attracted equity of more than $5 billion and investments into more than $11 billion in assets. For more information, contact our U.S. headquarters toll-free at 866.655.3600 or our European headquarters at 011 49 40 34 9999 90, or visit us online at behringerharvard.com.

This release contains forward-looking statements relating to the business and financial outlook of Behringer Harvard Opportunity REIT II, Inc. that are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of the offering documents for the offering of shares of Behringer Harvard Opportunity REIT II, Inc. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

CONTACT: Barbara Marler, Behringer Harvard, +1-469-341-2312, bmarler@behringerharvard.com; or Nicole Traycoff of Richards Partners, +1-214-891-5751, nicole_traycoff@richards.com, for Behringer Harvard

Capital Financial Global, Inc. (OTC:CFGX), announced today that it has acquired a 100% interest in the St. Louis Gold Mine in Clark County, Nevada.

The St. Louis Mine is comprised of Arctic, Atlantic, Pacific, Baltic, and Antarctic Lode patented gold and silver mining claims situated on 85.54 acres of property located in Clark Country, Nevada, approximately four miles north of Searchlight, Nevada, a well-known gold mining area.

The move is consistent with the Company’s stated long term strategy to back its lending operation by gold and precious metals so it can be insulated against another credit crisis, wherein much of the world’s core assets were devalued almost overnight.

“I want to make sure the back-bone of this company consists of assets that have intrinsic value and that can be freely traded anywhere in the world without being subject to third-party appraisals or local housing prices, and precious metals are really good for that,” said Mr. Paul Norat, CEO of Capital Financial Global, Inc.

Mr. Norat further stated, “Every monetary system in the world is supposed to be backed by gold, it only makes sense that we aspire to do the same.”

About Capital Financial Global, Inc.

Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance company that facilitates the movement of credit and illiquid assets in the secondary debt markets, by originating new loans, buying and selling existing loans, and by converting assets upon which these loans are secured into cash or trade-able form.  The company is publicly traded on the OTC Markets trading system under the symbol CFGX.

Our Business Model

The Company makes money by originating new loans, buying and selling existing loans, and by converting assets upon which these loans are secured into cash or trade-able form.

Our Basic Strategy

The Company looks for opportunities for arbitrage by exploiting price differences in assets and interest rates due to distressed economic conditions rather than deterioration in the intrinsic value of the assets themselves.

Market Segments

The market segments the Company operates in are: residential & commercial real estate, insurance trusts and pension funds, precious metals, and investment grade government securities. The Company will also aggressively pursue any other opportunities that falls within its overall strategy.

Forward-looking statements:

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact:
Capital Financial Global, Inc.
www.capfiglobal.com
Email: ir@capfiglobal.com
Tel:  801-747-2000

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

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

SunPower Corp. (NASDAQ: SPWRA, SPWRB) to Supply Solar Cells  for South of France

SunPower Corp. (NASDAQ: SPWRA, SPWRB) to Supply Solar Cells for South of France-Image by Getty Images via @daylife

SunPower Corp. (NASDAQ: SPWRA, SPWRB), a Silicon Valley manufacturer of high-efficiency solar cells, solar panels and solar systems, announced today that Akuo Solar, a subsidiary of Paris-based Akuo Energy, has ordered 75,000 high efficiency SunPower solar panels for Akuo’s planned 24-megawatt solar development.  The development consists of two power plants that will be located in the Provence-Alps-Cotes d’Azur Region in the South of France.

The SunPower™ E19/320 watt high efficiency solar panels will be integrated into fixed-tilt, ground mounted systems for both power plants. Construction has begun and is expected to be completed before the end of 2011. When combined, the solar power plants are expected to generate about 36 gigawatt hours of electricity annually.

“We have partnered with SunPower in the past and are pleased to work with them again on this project,” said Romain Forest, managing director at Akuo Solar.  “With 1.7 gigawatts of solar deployed worldwide, SunPower’s proven track record in terms of panel performance and reliability will allow us to maximize the amount of installed peak power while using less land, and also contribute to the environment with an annual carbon footprint reduction.”

“SunPower delivers the highest efficiency, most reliable solar panels on the market today, which makes us ideally suited for Akuo’s new development in the South of France,” said Howard Wenger, president of SunPower’s utility and power plants business group. “Large projects with top tier companies such as Akuo will continue to position SunPower as a global leader for residential, commercial and power plant markets.”

Akuo Energy is a French independent power producer specializing in developing, financing and operating power plants from renewable resources and has partnered to date with SunPower on projects exceeding 30 megawatts. Akuo Energy has offices in Continental France, Corsica, Italy, Uruguay, Turkey, Reunion Island, French Caribean Islands, Poland, Croatia, Bulgaria, Morocco and the U.S.

Editors’ Note:

All references to supply agreements in this release are described in approximate megawatts on a direct current (DC) basis unless otherwise noted.

About SunPower

SunPower Corp. (NASDAQ: SPWRA, SPWRB) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company’s quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as “agreement,” “planned,” “will” and similar expressions to identify forward-looking statements in this press release, including forward-looking statements regarding (a) the sale of 24 megawatts of solar panels to Akuo Solar, and (b) the use of SunPower panels at a planned 24 megawatts solar development.  Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company’s control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) the company’s ability to obtain and maintain an adequate supply of raw materials; (ii) general business and economic conditions; (iii) the continuation of governmental and related economic incentives promoting the use of solar power; (iv) manufacturing difficulties; and (v) other risks described in the company’s Annual Report on Form 10-K for the year ended January 2, 2011, Quarterly Report on Form 10-Q for the quarter ended July 3, 2011 and other filings with the Securities and Exchange Commission.  These forward-looking statements should not be relied upon as representing the company’s views as of any subsequent date, and the company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

SunPower is a registered trademark of SunPower Corp. All other trademarks are the property of their respective owners.

CONTACT: Helen Kendrick of SunPower Corp., +1-408-240-5585, helen.kendrick@sunpowercorp.com

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

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