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Archive for January, 2016|Monthly archive page

TES Pharma and École Polytechnique Fédérale de Lausanne (EPFL) Announce R&D Collaboration on Small Molecule Therapies for Metabolic Disorders and Age-Related Diseases

In Writing (all kinds) on January 31, 2016 at 3:00 AM

PERUGIA, Italy and LAUSANNE, Switzerland, July 2, 2015 /CNW/ – TES Pharma and EPFL announce a new research and development collaboration on novel small molecule modulators of the kynurenine pathway as therapies for metabolic disorders and age-related diseases.

(Logo: http://photos.prnewswire.com/prnh/20150625/225612LOGO )
The collaboration brings together TES Pharma, a research-based biotech company led by Professor Roberto Pellicciari (Scientific Co-Founder of Intercept Pharmaceuticals, Inc) with state of the art research facilities in Corciano (Perugia) and long running experience in modulators of the kynurenine pathway and metabolic disorder drug discovery, with the Laboratory of Integrative and Systems Physiology (LISP) at EPFL, led by Professor Johan Auwerx (Professor and Nestlé Chair in Energy Metabolism) pioneers in the role of NAD+ biosynthesis in metabolic disorders and ageing.

Professor Roberto Pellicciari President and CSO of TES Pharma said, “Combining our respective expertise provides an exciting platform for novel drug discovery with a world leader in metabolic disorders and ageing. “Taking forward small molecule therapies for these multi-faceted diseases requires detailed knowledge of the underlying basic biology, so we’re very excited about the opportunity work with LISP and Professor Auwerx to develop new disease-modifying therapies for these disorders.”

“The collaboration with TES Pharma capitalises on our interests in signalling and transcriptional events that underlie the pathogenesis of ageing and many metabolic diseases, and will pave the way for novel therapeutic agents for these diseases,” said Professor Johan Auwerx. “Our long-standing and fruitful collaboration with Professor Pellicciari will be an assurance for success!”

About TES Pharma

TES Pharma focuses on integrating in depth knowledge of drug design and chemistry, with systems and molecular biology to better design effective disease modifiers by bridging between academic – industrial environments with a network of world class centres of excellence that allows fuller exploitation of disease hypotheses and their conversion to novel and effective therapeutics. TES Pharma has proven expertise in innovative drug discovery, particularly in the areas of bile acids, nuclear receptors, and metabolic disorders.

About The Laboratory of Integrative and Systems Physiology (LISP) at EPFL

The research of the Laboratory of Integrative and Systems Physiology (LISP) aims to understand how transcription factors and transcriptional cofactors, act as sensors for molecules of nutritional, metabolic or pharmacological origin. The research of the LISP contributed to our current understanding of how such transcriptional regulators change gene and protein expression patterns to control metabolic homeostasis. A recent focus of the laboratory has been on NAD+ biology, as it turns out that NAD+ is not only acting as a metabolic cofactor but also as a powerful signalling molecule with pleiotropic metabolic effects.

SOURCE TES Pharma

For further information: TES Pharma, Prof. Roberto Pellicciari, rpellicciari@tespharma.com, Tel: +39-075-6978111, Website: http://www.tespharma.com

Christophe Robin’s Hair Finish Lotions With Botanical Vinegars

In Writing (all kinds) on January 30, 2016 at 3:00 AM

Christophe Robin’s Hair Finish Lotions With Botanical Vinegars
PARIS, July 2, 2015 /CNW/ – Popular tradition gives vinegar many healthful benefits, both through topical and internal use: it is antiseptic, antioxidant, purifying, soothing, protective, and toning.

To view the Multimedia News Release, please click:

http://www.multivu.com/players/uk/7560651-christophe-robins-botanical-vinegars/

This new interest motivated hair colouring pioneer Christophe Robin to study the cosmetic properties linked to vinegar, and research formulas inspired by traditional recipes to create a product that meets the current needs of both men and women.

As a result of that research, Christophe and his team have created three hair finishing lotions with botanical vinegars whose components, rich in amino acids, vitamins and antioxidants, have been specially selected for their beneficial effects on the hair and skin:

A regenerating hair finish lotion with pure Hibiscus vinegar for fragile or sensitive hair.
It slows hair loss and stimulates cell renewal. The scalp is soothed, hair is light and shiny from the root to the tip. Hair color is protected and stays brighter for longer.
Regenerating, antioxidant, soothing properties.
A purifying hair finish lotion with pure vinegar of Mediterranean Herbs for greasy hair.
The scalp is healthier and more comfortable, hair is light, clean and stays shiny for longer.
Purifying, balancing and soothing properties.
A brightening hair finish lotion with pure fruit vinegar and chamomile extracts to bring resistance and shine to lighter hair. It brightens dull blonde hair and protects it durably.
Clarifying, repairing and moisturizing* properties
These leave-in lotions are ready to use and can be applied after a shampoo or conditioner, as a final touch from the scalp to the tips. They are of course adapted to both natural and colored hair and guarantee an instant shine and lightness, as well as a clear and durable feeling of comfort for the scalp.

As vinegars are an excellent perfume base, we have selected three refined notes which will delicately perfume hair and evoke the bygone era of celebrated vinegar beauty elixirs.

Christophe Robin’s new finishing lotions with botanical vinegars are ideal for an instant refreshing effect.

Their many uses may prove surprising, and make them an essential part of beauty routines everywhere:

For less frequent washes
Against dandruff
To soothe sunburn and insect bites
As an energizing lotion after bathing, and more.
For more information, please visit: http://www.christophe-robin.com/en/.

(Photo: http://photos.prnewswire.com/prnh/20150701/227448 )
Video: http://www.multivu.com/players/uk/7560651-christophe-robins-botanical-vinegars/

SOURCE Christophe Robin

/R E P E A T — Thursday – Locked out Garda workers stage demonstration today in front of a downtown TD Bank/

In Writing (all kinds) on January 29, 2016 at 3:00 AM

OTTAWA, July 2, 2015 /CNW/ – Unifor members at GardaWorld are demonstrating today in front of the TD Bank at 45 O’Connor Street in an effort to draw attention to their circumstances and press Garda to get back to the table to negotiate a fair settlement. TD Bank is one of Garda’s major clients in Ottawa.

Garda workers in Ottawa have been locked out since May 15 and without a contract since October 2014.

An information picket will be taking place from today at 11:30 a.m. to 1 p.m. at 45 O’Connor Street.

Unifor Local 4266 represents 140 GardaWorld workers in Ottawa who make deliveries to banks such as TD, RBC, BNS, BMO and National Bank as well as other institutions.

GardaWorld, one of the largest private security and cash logistics firms in the world, generated over $1.8 billion in revenues last year.
Unifor is Canada’s largest union in the private sector, representing more than 305,000 workers, including nearly 2,000 armoured car employees. It was formed Labour Day weekend 2013 when the Canadian Auto Workers and the Communications, Energy and Paperworkers unions merged.

SOURCE Unifor

For further information: Andre Desjardins, Unifor Local 4266 President (cell): 613-355-0754

Canada Fibers Announces Bold Solid Waste Recycling Initiatives

In Writing (all kinds) on January 28, 2016 at 3:00 AM

TORONTO, July 2, 2015 /CNW/ – Canada Fibers Ltd. (Canada Fibers) announced today that it has taken bold steps towards the creation of superior value from municipal and commercial solid waste. Canada Fibers has created an affiliate named Urban Resource Group Inc. (Urban Resource Group), which will focus on production of high quality sustainable products from solid waste. Canada Fibers’ solid waste recovery operations include four state-of-the-art Municipal Recovery Facilities in the Province of Ontario, as well as two large-scale commercial recovery facilities.

On March 10th, 2015 Canada Fibers announced the formation of Urban Polymers, which is engaged in production of pure, homogeneous plastic raw materials for plastic processors from both post-consumer and post-industrial plastic waste. During its first phase of evolution, Urban Polymers will focus on the creation of pure Polyethylene Terephthalate (PET) flake from post-consumer beverage bottles, as well as highly formulated polyethylene and polypropylene compounds in pellet form from both post-consumer and post-industrial waste. Urban Polymers has created over 20 jobs since its inception this spring.

Urban Resource Group has entered into agreements to acquire three companies, which will expand the portfolio of products and services available to Canada Fibers’ growing customer base. Urban Resource Group recently entered into agreements to purchase the shares of Ecowood Ltd. (Ecowood) and the shares of All Waste Removal Inc. (All Waste). Both of these acquisitions are expected to close during July of 2015. The third acquisition involves the assets of a manufacturer of wooden fuel pellets, which was completed earlier this year.

Ecowood is engaged in the production and sale of architectural garden mulch products from post-industrial wood. Sold through leading home improvement retail chains as well as garden centers, Ecowood’s products are well known across Canada for enhancing the beauty of landscape projects. Over time, Ecowood will be rebranded Urban Garden Products.

The wooden fuel pellet operation is engaged in the production of wooden fuel pellets from post-industrial wood materials. This product line will be sold through leading home improvement chain stores in Canada was well as through distributors in the USA. Over time, these products will be branded Urban Biofuels.

Finally, All Waste is engaged in providing waste management services to industrial commercial and institutional organizations. All Waste will play an important role for Canada Fibers in obtaining materials for recovery and recycling business units. All Waste has begun the process of rebranding its activities as Urban Waste Recycling.

“Creation of Urban Resource Group represents another bold step for Canada Fibers,” noted CEO Joe Miranda. “Our expanding group is increasingly positioned to provide complete and creative solutions for its customers,” added Mr. Miranda. He concluded saying, “we continue to explore ways that we can help our customers derive value from their discarded products.”

In December of 2014, Mark Badger joined Canada Fibers to help Mr. Miranda drive strategic growth initiatives. Mr. Badger has served in several senior executive roles within the North American plastics and chemical industries, with a focus on growth through new product introductions, geographic expansion and technology development. Mr. Badger remarked on today’s announcements noting that Canada Fibers “is well equipped to mine urban resources to provide its customers with enhanced profitability and sustainability.”

Through their recycling initiatives, Canada Fibers and the Urban Resource Group help to conserve natural resources and energy, as well as to mitigate Greenhouse Gas emissions. Moreover, the companies help their customers, including Stewards, to achieve sustainability goals. The Canada Fibers recently introduced a waste audit and advisory practice for its customers, which is aimed at helping them to achieve world-class recovery performance. The audit practice will provide scorecards for these customers to help them show their stakeholders the progress being made.

Canada Fibers was established 25 years ago as a Toronto-based paper recovery and marketing operation. Since then, its operational scope has broadened to include recovery, separation and marketing of a wide variety of recovered materials, comprising plastic, glass, aluminum, paper and metal materials. Today, Canada Fiber’s supply side customers include municipalities in the Province of Ontario, as well as institutional, commercial and industrial organizations. As noted in today’s announcement, the Company is now engaged in the production of consumer and industrial products from the waste it recovers through The Urban Resource Group of companies.

SOURCE Canada Fibers Ltd.

For further information: Mark Badger, Canada Fibers / Urban Resource Group, 416 253 0400

IIROC Trade Resumption – PFT.UN

In Writing (all kinds) on January 27, 2016 at 3:00 AM

TORONTO, July 2, 2015 /CNW/ – Trading resumes in:

Company: Canadian Preferred Share Trust

TSX Symbol: PFT.UN (all issues)

Resumption (ET): 9:30 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

For further information: IIROC Inquiries 1-877-442-4322 (Option 2) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

[TPS] – Public Safety Alert, Canada Revenue Agency scam

In Writing (all kinds) on January 26, 2016 at 6:37 PM
Toronto Police Service
News Release

Public Safety Alert, Canada Revenue Agency scam

Tuesday, January 26, 201612:52 PM
Primary Report Intake, Management and Entry (PRIME)
416 808 2222

The Toronto Police Service would like to make the public aware of an ongoing scam where people are receiving calls from unknown individuals claiming to be employees of the Canada Revenue Agency.

The Canada Revenue Agency does not ask for immediate payments to be made through the following methods:

1) Western Union, Money Gram or wire-to-wire bank transfers to people who are from another province or country

2) Purchasing pre-paid credit cards or any gift cards and provide the card information over the phone

If you have been contacted by someone claiming to be an agent for the Canada Revenue Agency, please be aware and cautious regarding the information you are providing. Ask for any credentials and ask for a phone number to call once you have confirmed all the credentials. Please contact your local police to report the incident.

Anyone with information is asked to contact their local police, Crime Stoppers anonymously at 416-222-TIPS (8477), online atwww.222tips.com, text TOR and your message to CRIMES (274637). Download the free Crime Stoppers Mobile App on iTunes, Google Play or Blackberry App World.

Please download the Toronto Police Service Mobile App for iOS or Android.

For more news, visit TPSnews.ca.

Constable Jenifferjit Sidhu, Corporate Communications, for Sergeant Angelo Jansz, 33 Division

There are no files attached to this release.

IIROC Trading Halt – CWL

In Writing (all kinds) on January 26, 2016 at 3:00 AM

TORONTO, July 2, 2015 /CNW/ – The following issues have been halted by IIROC:

Company: Caldwell Partners International Inc.

TSX Symbol: CWL

Reason: Pending News

Halt Time (ET): 8:59 AM ET

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

For further information: IIROC Inquiries 1-877-442-4322 (Option 2) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

Star-Ting Incorporated is in Exciting Times!

In Writing (all kinds) on January 25, 2016 at 8:04 PM

Hi Donna,

How are you?

I am doing well, seven grandchildren and one on the way sometime Feb!

My company Star-Ting Incorporated is in exciting times, check out our latest project at the following link.

http://star-ting.com/consulting/events/

Share the link if you like.

Sincerely,

Loreen Sherman, MBA, CMC, ASC

Director & CEO

Star-Ting Incorporated

ZODIAC SIGNS PREDICTIONS FOR THE PERIOD 25th JAN – 31ST JAN 2016

In Writing (all kinds) on January 25, 2016 at 3:00 AM

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ZODIAC SIGNS PREDICTIONS FOR THE PERIOD 25th JAN – 31ST JAN 2016

Aries ( 21 March – 19 April ) – This week brings financial abundance and a general feeling of prosperity. You have a little extra energy to dedicate to work, which will bring nice monetary rewards. Your friends have always been an extension of your family, and this week, they will  show up for you in surprising ways.  Stand in a space of receptivity, with open arms and an open heart. Developments unfolding on the work and career fronts can’t help but raise your income expectations or give you better access to untapped income potential. Favorable Date :  Jan 30 Favorable Color : White

Taurus ( 20 April – 20 May )  – You’re  now in the position where professionally you’re able to start tapping into all the potential that you haven’t even begun to harvest .    However, there is need to take a pragmatic approach to money matters.  You will treat your career with a childlike interest, in that you never become bored and are continually fascinated with it. If you have been thinking about investing in a certain property for a while now, or thinking about buying stock in a new product, you should rest your decision for the time being. Favorable Date : Jan 31 Favorable Color : Red

Gemini ( 21 May – 20 June )  – You may have had an emotional or financial enemy or someone who has caused you ongoing financial or emotional concern. In romance, it would be highly unlikely for you to have a sad, or lonely week and  there would be many wonderful new beginnings for those of you who are single, For those of you in relationships, this is a great time for rekindling passion. Make the most of opportunities to get out and meet new people, to socialize, to make connections and contacts.  Be prepared to reach out to others, to cooperate and compromise and become a team player, joining forces with others to achieve results and get things done. Favorable Date : Jan 26  Favorable Colors : Red & Green Read the rest of this entry »

Georox completes arrangements with lenders

In Writing (all kinds) on January 25, 2016 at 3:00 AM

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

KELOWNA, BC, July 2, 2015 /CNW/ – Georox Resources Inc. (“Georox” or the “Corporation”) (GXR:TSX-V; OF6A:FRA) has completed its previously announced (Press Release dated June 15, 2015) credit extension and payment/drawdown arrangements with its senior lender and its mezzanine lender.

Georox has now reduced its loan with its principal lender by $1,000,000 to approximately $1,900,00 and received an additional advance from its mezzanine lender, Tallinn Capital Mezzanine Limited Partnership (“Tallinn”), of $1,100,000, increasing the Tallinn facility to an aggregate $3,300,000.

In connection with the additional advance by Tallinn, Georox issued 1,000,000 warrants exercisable for a term of one year for the purchase of common shares at $0.11 per common share. The term of these warrants may be extended, subject to the approval of the TSX Venture Exchange, concurrent with and for a term equal to the extension of the Tallinn loan, to a term of up to two years. In addition, the warrant “strike price” of $0.11 is subject to reduction to any lower private placement price (other than pursuant to share compensation arrangements) in the event that the Corporation completes a private placement in the next six months for a price less than $0.11 per share.

About Georox

Georox is a Canadian natural resource corporation engaged in the acquisition, exploration and development of oil and gas properties in western Canada.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Although Georox believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Georox can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Georox. As a result, the Corporation cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Georox does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Units in the United States. The Units (or constituent securities) have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Georox Resources Inc.

For further information: Burkhard Franz, President and Chief Executive Officer, Tel: (403) 457-9010, Fax: (403) 265-7424, Website: http://www.georoxresources.com

Learning Management Software Company, Absorb Technology, Opens European Headquarters

In Writing (all kinds) on January 24, 2016 at 3:00 AM

CALGARY, July 2, 2015 /CNW/ – Absorb Technology officially opened the doors to their European Headquarters on July 1, 2015. The demand for a better learning management system by European businesses has led Absorb Technology, makers of Absorb LMS, to open their first office outside of North America in Dublin, Ireland.

Absorb Technology, a subsidiary of Blatant Media of Calgary, Alberta, Canada, is poised to build upon their existing European client relationships and offer the European market greater access to support and timely communications. Co-founder Mike Eggermont said of the new European presence, “this is a remarkable step into the bright future of Absorb Technology and Blatant Media. We’re ecstatic to offer an even greater level of service to our European clients and extend our support availability for Absorb LMS clients globally. These are real people at desks in a time zone that matters to clients! It’s a commitment to the success of all Absorb LMS users.”

Absorb Technology is looking to immediately expand its European team with hires in both sales and support roles. To find out more and apply, visit the Absorb Technology jobs.ie profile.

About Absorb Technology and Blatant Media

Founded in 2003, Blatant Media set out to build an LMS with an easy-to-use interface and design to stand apart from other learning management systems. That foundation of usability and design never left the company and over a decade later it still holds true in the latest version of Absorb LMS, Absorb 5. Absorb LMS has continually set the bar for what an LMS should look and operate like. With over 650 implementations and more than 3,000,000 learners worldwide, Absorb LMS empowers businesses to deliver their best courses and curricula.

http://www.absorblms.com

SOURCE Blatant Media Corporation

For further information: Mark Lynch, Marketing Coordinator, 403.520.2574, mark.lynch@absorblms.com

Canadian Preferred Share Trust closes initial public offering

In Writing (all kinds) on January 23, 2016 at 3:00 AM

TORONTO and MONTREAL, July 2, 2015 /CNW Telbec/ – Canadian Preferred Share Trust (the “Trust”) announces the closing of its initial public offering (the “Offering”) for aggregate gross proceeds of approximately $90 million. Pursuant to the Offering, the Trust issued Class A Units and Class F Units (together, the “Units”) at a price of $10.00 per Unit. The Trust has granted the Agents an over-allotment option, exercisable for a period of 30 days from today’s date, to purchase up to an additional 1 million Class A Units.

The Class A Units are listed on the Toronto Stock Exchange under the symbol PFT.UN. The Class F Units are designated for fee based and/or institutional accounts and will not be listed on a stock exchange but will be convertible into Class A Units on a weekly basis.

The Trust’s investment objectives are to:

(i) provide holders of Units with monthly cash distributions;
(ii) preserve capital and provide the opportunity for capital appreciation; and
(iii) reduce the risk of rising interest rates by managing portfolio duration.

The Trust has been created to invest in an actively managed portfolio comprised primarily of Canadian preferred shares. The Trust’s distributions are initially targeted to be $0.0333 per Unit per month ($0.40 per annum) to yield 4.0% per annum on the subscription price per Unit.

Fiera Capital is the manager, portfolio manager and promoter of the Trust. Fiera Capital is responsible for creating, structuring, managing and promoting the Trust and will also implement the Trust’s investment strategies.

The syndicate of agents for this offering is being co-led by RBC Capital Markets, CIBC and Scotiabank, and includes National Bank Financial Inc., BMO Capital Markets, TD Securities Inc., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Canaccord Genuity Corp., Dundee Securities Ltd. and Manulife Securities Incorporated (collectively, the “Agents”).

The Offering is made only by prospectus. The prospectus contains important detailed information relating to the units being offered. Copies of the prospectus may be obtained from any of the Agents. Investors should read the prospectus before making an investment decision.

About Fiera Capital

Fiera Capital Corporation is a leading, publicly-traded, independent investment firm with offices in major financial centres across North America. Fiera Capital offers the full array of traditional and alternative investment solutions for institutional, private wealth and retail clients, as well as a proactive and tactical asset allocation process. In the U.S., asset management services are provided by Fiera Capital’s U.S. subsidiaries, Bel Air Investment Advisors LLC and Wilkinson O’Grady & Co., Inc. For more information, visit http://www.fieracapital.com.

SOURCE Canadian Preferred Share Trust

For further information: For inquiries regarding the Trust, please contact Krista Matheson, Senior Vice President, Retail Markets, Fiera Capital at 416-955-4929 or visit http://www.fieracapital.com

Endress+Hauser celebrates 25 years in Canada

In Writing (all kinds) on January 22, 2016 at 3:00 AM

BURLINGTON, ON, July 2, 2015 /CNW/ – For a quarter century, Endress+Hauser Canada Ltd. has been creating a legacy of product quality, service and customer success. The company marks its 25th anniversary in the Canadian market on July 3, 2015.

As the Canadian arm of one of the world’s most successful family-owned industrial firms and a leader in measurement and automation equipment, Endress+Hauser Canada Ltd. was incorporated May 1, 1990. The new company opened for business two months later, with offices in Burlington, Ontario and Montreal, Quebec.

“We had 13 employees on that first day,” remembers Richard Lewandowski, General Manager of Endress+Hauser Canada. “Our initial focus was on the Ontario and Quebec markets, specifically on the water and wastewater, food and beverage, and mining customers.”

Today, the Canadian operation employs more than 150 people, with additional offices in Calgary and Edmonton. As well, representative companies handle sales in Atlantic Canada, Northern Ontario, Manitoba, Saskatchewan and British Columbia. The company also extended its services to include the oil and gas and power.

“Initially, we provided our customers with measurement products, product repair and product field service,” explains Lewandowski. “Today, we start working with customers at the engineering stage, assisting with selection of process measurement solutions, provide project management, start-up and commissioning services during the build phase and maintenance and calibration services during the operations phase.

“Also the measurement product offering has increased over the last 25 years to include flow, level, pressure, temperature and analytical. We are able to provide customers with a complete solution for their measurement and automation needs, not just a measuring device.”

The growth and development of Endress+Hauser Canada reflects the story of its parent company in many ways. The Endress+Hauser Group, began in Germany in 1953 with the formal partnership of Swiss engineer Georg H. Endress and German banker Ludwig Hauser. One brought to the partnership an incredible technical understanding of level measurement technology. The other provided a careful, responsible approach to business development. Together, they created a corporate culture of reliable service and continual innovation that has served thousands of companies around the world. Today, the company specializes in automation processes for oil and gas, food and beverage, mining and metals, chemicals and life sciences industries, and more.

Lewandowski stresses the benefits of the company’s strong corporate history: “Endress+Hauser remains a family-owned company that is focused only on process measurement and automation products, solutions and services. This enables the company to invest 10 per cent of annual sales in R&D to provide customers with the highest quality and innovation in products and services, supported by very knowledgeable employees.”

As its services and offerings expanded in Canada, Endress+Hauser Canada’s reputation grew stronger as an industry leader in a competitive marketplace. Endress+Hauser Canada has continually grown in existing industries and expanded into new ones with a customer-centred focus – working to understand a customer’s business, helping them achieve their goals and providing unmatched customer service. It’s an approach that has kept customers coming back since the first days in Canada says Lewandowski. “We are grateful to our customers for turning to Endress+Hauser Canada for assistance and for the opportunity to contribute to their success. In many ways, their success is our success as well.”

While Endress+Hauser Canada looks back over its first 25 years of business in Canada, the company has positioned itself for a bright future. With industry-leading sales and technical service representatives established across the country, an ongoing commitment to product innovation and a deep-rooted desire to exceed customer expectations, Endress+Hauser Canada will set the industry standard in process automation for many, many years to come.

The Endress+Hauser Group
Endress+Hauser is a global leader in measurement instrumentation, services and solutions for industrial process engineering. The Group employs more than 12,000 personnel across the globe, generating net sales of more than $2.6 B in 2014.

Structure
With dedicated sales centres and a strong network of partners, Endress+Hauser guarantees competent worldwide support. Our production centres in 11 countries meet customers’ needs and requirements quickly and effectively. The Group is managed and coordinated by a holding company in Reinach, Switzerland. As a successful family-owned business, Endress+Hauser is set for continued independence and self-reliance.

Products
Endress+Hauser provides sensors, instruments, systems and services for level, flow, pressure and temperature measurement as well as analytics and data acquisition. The company supports customers with automation engineering, logistics and IT services and solutions. Our products set standards in quality and technology.

Industries
Endress+Hauser works closely with the chemical, petrochemical, food and beverage, oil and gas, water and wastewater, power and energy, life science, primaries and metal, renewable energies, pulp and paper, and shipbuilding industries. Endress+Hauser supports its customers in optimizing their processes in terms of reliability, safety, economic efficiency and environmental impact.

History
Founded in 1953 by Georg H. Endress and Ludwig Hauser, Endress+Hauser has been solely owned by the Endress family since 1975. The Group has developed from a specialist in level measurement to a provider of complete solutions for industrial measuring technology and automation, with constant expansion into new territories and markets.

For further information, please visit: http://www.ca.endress.com

SOURCE Endress+Hauser

For further information: Media information: Kathleen Stelmach, Torchia Communications, 416-341-9929 ext. 227, kathleen@torchiacom.com ; Scott Whitehouse, Endress+Hauser Canada Ltd., 905-681-4386, scott.whitehouse@ca.endress.com

Alex Coulombe signs on as official Videotron Centre partner

In Writing (all kinds) on January 21, 2016 at 3:00 AM

QUÉBEC CITY, July 2, 2015 /CNW Telbec/ – Quebecor’s Sports & Entertainment Group is pleased to announce its partnership with Alex Coulombe ltée, which will be Videotron Centre’s official supplier of soft drinks, sparkling water and isotonic sports drinks. Alex Coulombe bottles and distributes leading brands including Pepsi, 7UP, Gatorade and Montellier. Through this agreement, Quebecor is also proud to announce the renewal of Alex Coulombe’s longstanding partnership with the Québec Remparts.

“We are very pleased with our agreement with Quebecor’s Sports & Entertainment Group,” said Alex Coulombe president Marc Coulombe. “It’s an extremely important partnership for us, and the natural extension of our relationship with the Québec Remparts, which dates back to the team’s 1997 return to Québec City. Today we are very proud to make it official: Alex Coulombe is here to stay at Videotron Centre. We’ll be there at every concert and every sporting event, standing by with the many thousands of fans.”

“Quebecor is very pleased to work with such an outstanding, committed partner. Alex Coulombe has deep roots in the community and a strong understanding of the Québec City market and local residents. Their dynamic, creative team always brings a touch of flair to the table. We heartily look forward to sharing many unforgettable moments at Videotron Centre with the Alex Coulombe team,” noted Benoît Robert, president of Quebecor’s Sports & Entertainment Group.

Alex Coulombe: A Québec City community partner
With a Québec City presence dating back 110 years, Alex Coulombe’s deep-seated commitment to its community is widely recognized. The company maintains partnerships with a number of sports organizations and community groups. Recently Alex Coulombe gave its Montellier carbonated natural mineral water line a facelift with a distinctive blue bottle. The new brand image has helped Montellier secure Canada-wide distribution.

About Alex Coulombe
Founded in 1905, Alex Coulombe is a family-owned business that bottles major brands including Pepsi, 7UP, Mountain Dew, Mug, Crush, Schweppes and Montellier mineral water in the Québec City region. Alex Coulombe also distributes Aquafina, Dole, Lipton and Gatorade products. The company boasts 385 employees at its Québec City production facility and four distribution centres in Trois-Rivières, Saint-Georges (Beauce), La Malbaie and Mont-Laurier. Today the third generation of the Coulombe family is at the helm and the fourth generation is standing by to oversee the future of this hundred-year old company and proud community partner.

About Quebecor’s Sports & Entertainment Group
Quebecor’s Sports & Entertainment Group produces, distributes and promotes diverse cultural and entertainment content featuring Québec and international talent. Sports & Entertainment Group is a fully integrated suite of companies dedicated to delivering the best possible customer experience: Videotron Centre, the Blainville-Boisbriand Armada, the Québec Remparts, Gestev, Musicor and Distribution Select offer a wide variety of high-quality, multiplatform, convergent content, shows and sporting events.

SOURCE Videotron Centre

For further information: Martin Tremblay, Vice president, Public Affairs, Quebecor Media, 514-380-1985, martin.tremblay@quebecor.com; Pascale Blouin, Coordinator, Marketing and advertising, Alex Coulombe, 418-687-2707 # 221, pblouin@pepsi-alexcoulombe.com

ATN to Exclusively Broadcast Live ICC World T20 Qualifier across Canada

In Writing (all kinds) on January 20, 2016 at 3:00 AM

TORONTO, July 2, 2015 /CNW/ – Asian Television Network International Limited (ATN) (TSX-V-SAT), Canada’s largest South Asian Broadcaster, is pleased to announce that it has acquired exclusive Broadcast rights for the ICC World T20 Qualifier.

The ICC World Twenty20 Qualifier is an international Twenty20 cricket tournament run under the supervision of the International Cricket Council. The purpose is to qualify the top Associate Members for the ICC World Twenty20. The first ICC World Twenty20 Qualifier was held in 2008 and it was in similar fashion to the ICC World Cup Qualifier.

The 2015 ICC World Twenty20 Qualifier, for the 2016 ICC World Twenty20 is scheduled to be held from July 9th – July 26th, 2015 hosted by both Ireland & Scotland. A Total of 20 games will be televised LIVE & the series will feature 14 nations in 2 groups as follows…

Group A
Group B
Ireland
Afghanistan
Nepal
UAE
Hong Kong
Netherlands
Papua New Guinea
Scotland
Namibia
Canada
USA
Kenya
Jersey
Oman
From the 14 teams, the top 6 qualifiers will progress to the first (qualifying) round of the 2016 ICC World Twenty20, where they will meet the ninth and tenth-ranked full members’ i.e Bangladesh and Zimbabwe. The ICC World Twenty20 2016 will be held in India from March 11 to April 3, 2016.

“ATN has been a pioneer in the Live Broadcast of World Class Cricket across Canada for more than two decades, and we are pleased to continue our best efforts to do so” said Dr. Shan Chandrasekar President and CEO of ATN.

ATN serves Canada’s diverse cultural communities with 54 specialty television channels. The Company offers its flagship ATN-HD general interest service, 3 sports Channels, 4 news Channels, 5 Bollywood movie channels and a variety of channels that include 4 music Channels, 4 lifestyle Channels, 3 Chinese Channels, 6 Punjabi channels, and several regional language channels. ATN operates a South Asian Radio Service on Satellite Radio across The United States and Canada. Some ATN content is also available on any Bell mobile phone that supports video. ATN has programming alliances with leading international broadcasters like Doordarshan, Star Network (News Corp), Sony Entertainment Television, Viacom, Times Television Network, B4U Network, NDTV, Disney, ARY Group and many more. ATN channels are available on various Cable, Satellite and IPTV Platforms across Canada like Shaw Cable, Bell TV, Rogers Cable, Bell Fibe TV, TELUS Optic TV, Shaw Direct, Cogeco Cable, V Media and Others.

The series will air LIVE on CBN & ATN Cricket Plus.

We rely on safe harbour provision.

SOURCE Asian Television Network International Limited

For further information: please visit http://www.asiantelevision.com or contact Pramod Israni, Vice President – Marketing, Asian Television Network International Limited, 330 Cochrane Drive, Markham, Ontario L3R 8E4, Canada, Tel: 905-948-8199, Email: atn@asiantelevision.com

RBC Canadian manufacturing PMI rebounds in June

In Writing (all kinds) on January 19, 2016 at 3:00 AM

TORONTO, July 2, 2015 /CNW/ – The RBC PMI data for June pointed to a modest recovery in business conditions across the Canadian manufacturing sector. Production volumes, new business intakes and employment numbers all picked up compared to May. A number of firms noted that stronger export demand helped drive the upturn in business conditions, as highlighted by the fastest rise in new work from abroad since November 2014.

A monthly survey, conducted in association with Markit, a leading global financial information services company, and the Supply Chain Management Association (SCMA), the RBC PMI offers a comprehensive and early indicator of trends in the Canadian manufacturing sector.

Adjusted for seasonal influences, the RBC Canadian Manufacturing PMI registered 51.3 in June, up from 49.8 in May and above the neutral 50.0 value for the first time in five months. That said, the headline index pointed to only a marginal pace of improvement and the latest reading was still below the average since the survey began in late-2010 (53.0).

“The RBC PMI returned to positive growth territory during June, reflecting the lift to Canada’s manufacturers provided by an improved U.S. economy and a more competitive Canadian dollar,” said Craig Wright, senior vice-president and chief economist, RBC. “As we move through the summer months, we expect a trend improvement in the level of activity in the manufacturing sector.”

The headline RBC PMI reflects changes in output, new orders, employment, inventories and supplier delivery times.

Key findings from the June survey included:

Output growth accelerated at its fastest pace so far in 2015
New business volumes increased for the first time since January
Strongest upturn in new export sales in seven months
Production levels expanded for the second month running in June, and the latest increase was the fastest since December 2014. Survey respondents noted that stronger client demand and, in some cases, reduced caution in terms of finished goods inventories had contributed to increased production schedules in June.

New order volumes picked up slightly in June, thereby ending a four-month period of continuous reductions. Anecdotal evidence suggested that stronger export sales were the key driver of the overall upturn in new work. Highlighting this, the latest survey pointed to the sharpest rise in new work from abroad for seven months. A number of manufacturers noted that exchange rate depreciation and improving U.S. economic conditions had supported new export order volumes in June.

Despite rising levels of incoming new business, the latest survey pointed to a decline in backlogs of work for the seventh consecutive month. Manufacturers mostly cited a lack of pressure on operating capacity. Nonetheless, payroll numbers picked up slightly in June, which ended a five-month period of sustained job losses across the manufacturing sector. Staff recruitment was linked to rising new order levels and, in some cases, improved confidence regarding business outlook.

Increased production schedules resulted in a modest rebound in input buying by manufacturers. Meanwhile, stocks of purchases were depleted during June, but at a slower pace than in the previous month. Some firms commented on efforts to improve cash flow. However, there were also reports that stronger than expected demand had led to lower pre-production inventories. Meanwhile, suppliers’ lead-times lengthened again in June, which marked two years of worsening vendor performance.

Average cost burdens increased at a robust pace in June, which manufacturers linked to rising prices for imported raw materials. However, the overall rate of cost inflation eased to its slowest since January. Factory gate charges also rose in June, but only at a modest pace.

Regional highlights include:

Most regions recorded an improvement in business conditions, except Alberta and British Columbia
Alberta and British Columbia recorded slower declines in manufacturing output and new orders compared to May
New export work increased in Ontario, Quebec and the ‘rest of Canada’
Ontario was the best performing region in terms of job creation, with employment growth the fastest since the series began in late-2010
“Improving export sales and support from exchange rate depreciation helped to drive the fastest improvement in Canadian manufacturing business conditions so far in 2015” said Cheryl Paradowski, president and chief executive officer, SCMA. “Output, new orders and employment levels all rebounded in June, suggesting that manufacturers are starting to experience a turnaround after the declines seen earlier in the year. Reduced spending across the energy sector continued to act as a drag on demand, but the latest survey is an encouraging sign that the manufacturing sector is back in expansion mode. The rebound in overall workloads should boost business confidence within the manufacturing sector during the second half of the year.”

The report is available at http://www.rbc.com/newsroom/pmi.

Notes to Editors:

The RBC Canadian Manufacturing PMI™ Report is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 industrial companies. The panel is stratified geographically and by Standard Industrial Classification (SIC) group, based on industry contribution to Canadian GDP.

Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. For each of the indicators the ‘Report’ shows the percentage reporting each response, the net difference between the number of higher/better responses and lower/worse responses, and the ‘diffusion’ index. This index is the sum of the positive responses plus a half of those responding ‘the same’.

Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease.

The RBC Canadian Manufacturing Purchasing Managers’ Index™ (RBC PMI™) is a composite index based on five of the individual indexes with the following weights: New Orders – 0.3, Output – 0.25, Employment – 0.2, Suppliers’ Delivery Times – 0.15, Stock of Items Purchased – 0.1, with the Delivery Times Index inverted so that it moves in a comparable direction.

The Purchasing Managers’ Index (PMI) survey methodology has developed an outstanding reputation for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices. The indices are widely used by businesses, governments and economic analysts in financial institutions to help better understand business conditions and guide corporate and investment strategy. In particular, central banks in many countries (including the European Central Bank) use the data to help make interest rate decisions. PMI surveys are the first indicators of economic conditions published each month and are therefore available well ahead of comparable data produced by government bodies.

Markit does not revise underlying survey data after first publication, but seasonal adjustment factors may be revised from time to time as appropriate which will affect the seasonally adjusted data series. Historical data relating to the underlying (unadjusted) numbers, first published seasonally adjusted series and subsequently revised data are available to subscribers from Markit. Please contact economics@markit.com.

About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries. For more information, please visit rbc.com.

RBC supports a broad range of community initiatives through donations, sponsorships and employee volunteer activities. In 2014, we contributed more than $111 million to causes worldwide, including donations and community investments of more than $76 million and $35 million in sponsorships.

About Supply Chain Management Association
As the leading and largest association in Canada for supply chain management professionals, the Supply Chain Management Association (SCMA) is the national voice for advancing and promoting the profession. SCMA sets the standard of excellence for professional skills, knowledge and integrity and was the first supply chain association in the world to require that all members adhere to a Code of Ethics.

With nearly 8000 members working across the private and public sectors, SCMA is the principal source of supply chain training, education and professional development in the country. Through its 10 Provincial and Territorial Institutes, SCMA grants the Supply Chain Management Professional (SCMP) designation, the highest achievement in the field and the mark of strategic supply chain leadership.

SCMA was formed in 2013 through the amalgamation of the Purchasing Management Association of Canada and Supply Chain and Logistics Association of Canada. With a combined history of more than 140 years, today the association embraces all aspects of strategic supply chain management, including: purchasing/procurement, strategic sourcing, contract management, materials/inventory management, and logistics and transportation. For more information, please visit scmanational.ca.

About Markit
Markit is a leading global diversified provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 3,500 people in 10 countries. Markit shares are listed on NASDAQ under the symbol MRKT. For more information, please see http://www.markit.com.

About PMI
Purchasing Managers’ Index™ (PMI™) surveys are now available for over 30 countries and also for key regions including the Eurozone. They are the most closely-watched business surveys in the world, favoured by central banks, financial markets and business decision makers for their ability to provide up-to-date, accurate and often unique monthly indicators of economic trends. To learn more go to markit.com/economics.

The intellectual property rights to the RBC Canadian Manufacturing PMI provided herein are owned by or licensed to Markit. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without Markit’s prior consent. Markit shall not have any liability, duty or obligation for or relating to the content or information (“data”) contained herein, any errors, inaccuracies, omissions or delays in the data, or for any actions taken in reliance thereon. In no event shall Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. Purchasing Managers’ Index™ and PMI™ are either registered trade marks of Markit Economics Limited or are licensed to Markit Economics Limited. RBC uses the above marks under licence. Markit is a registered trade mark of Markit Group Limited.

SOURCE RBC

Image with caption: “RBC Canadian Manufacturing PMI(TM) – RBC PMI returned to positive territory in June (CNW Group/RBC)”. Image available at: http://photos.newswire.ca/images/download/20150702_C9054_PHOTO_EN_43950.jpg

For further information:
Royal Bank of Canada
Elyse Lalonde, Manager, Corporate Communications, Canada
RBC Capital Markets
Telephone +001-416-842-5635
Email elyse.lalonde@rbc.com

Supply Chain Management Association
Cheryl Paradowski, President and CEO
Telephone +001-416-542-9120
Email cparadowski@scmanational.ca

Amanda Cormier, Director, Public Affairs & Communications
Telephone +001-416-542-3860
Email acormier@scmanational.ca

Markit
Tim Moore, Senior Economist
Telephone +44-1491-461-067
Email tim.moore@markit.com

Joanna Vickers, Corporate Communications
Telephone: +44-207-260-2234
Email: joanna.vickers@markit.com

[TPS] – Assistance sought identifying man and woman in Theft Over $5000 investigation, Bathurst Street and Wellington Street West area

In Writing (all kinds) on January 18, 2016 at 1:41 PM
Community Alert Toronto Police Service
Assistance sought identifying man and woman in Theft Over $5000 investigation, Bathurst Street and Wellington Street West areaNews Release #33748

Broadcast time: 11:47
Monday, January 18, 2016

14 Division
416-808-1400

Case #: 2016-77168

The Toronto Police Service would like to make the public aware of an investigation concerning a Theft Over $5000.

On Wednesday, January 13, 2016, at 8:21 p.m., the Toronto Police Service responded to a call at the intersection of Bathurst Street and Wellington Street West (https://www.google.ca/maps/place/Bathurst St & Wellington St W, Toronto, ON M5V/@43.6426632,-79.4043341,17z/data=!3m1!4b1!4m2!3m1!1s0x882b34dfbb4c9acb:0x5cf90a8d93b3345).

It is reported that:

– a 32-year-old man was selling a watch online, valued at $19,600

– the man agreed to meet a male and female buyer in the area of Wellington Street and Bathurst Street

– during the conversation, the suspects took the watch and fled in a waiting vehicle

The male suspect is described as approximately 6’1

Community Alert Toronto Police Service

Assistance sought identifying man and woman in Theft Over $5000 investigation, Bathurst Street and Wellington Street West area

News Release #33748

Broadcast time: 11:47
Monday, January 18, 2016

14 Division
416-808-1400

Case #: 2016-77168

The Toronto Police Service would like to make the public aware of an investigation concerning a Theft Over $5000.

On Wednesday, January 13, 2016, at 8:21 p.m., the Toronto Police Service responded to a call at the intersection of Bathurst Street and Wellington Street West (https://www.google.ca/maps/place/Bathurst St & Wellington St W, Toronto, ON M5V/@43.6426632,-79.4043341,17z/data=!3m1!4b1!4m2!3m1!1s0x882b34dfbb4c9acb:0x5cf90a8d93b3345).

It is reported that:

– a 32-year-old man was selling a watch online, valued at $19,600

– the man agreed to meet a male and female buyer in the area of Wellington Street and Bathurst Street

– during the conversation, the suspects took the watch and fled in a waiting vehicle

The male suspect is described as approximately 6’1, 25-27, medium-to-heavy-set, with a chin strap beard, wearing a waist-length brown winter coat, with multiple tattoos including a tattoo on his right wrist of a symbol resembling a music note and another tattoo at the base of the palm of his left hand, wearing a grey Oakland Raiders baseball-style cap, with tan or camel winter boots.

The female suspect is described as approximately 5’2, 25-30, 150 lbs., black hair with a small diamond stud piercing in her left nostril, wearing a heavy winter coat, 3/4-length, possibly dark-green, with camel-coloured boots.

Link to photographs of suspects and property: http://torontopolice.on.ca/newsreleases/33748

The vehicle the suspects escaped in was possibly a four-door newer-model BMW 5 series, with a beige or tan interior, dark-blue or black exterior with tinted windows.

Anyone with information is asked to contact police at 416-808-1400, Crime Stoppers anonymously at 416-222-TIPS (8477), online at www.222tips.com, text TOR and your message to CRIMES (274637). Download the free Crime Stoppers Mobile App on iTunes, Google Play or Blackberry App World.

Please download the Toronto Police Service Mobile App for iOS (https://itunes.apple.com/app/toronto-police-service-mobile/id979126361) or Android (https://play.google.com/store/apps/details?id=com.ezaxess.icampus.android.torontopolice).

For more news, visit www.TPSnews.ca.

——————————————————————————–
Constable Craig Brister, Corporate Communications, for Staff Seargent Tony Paoletta, 14 Division

Message prepared by P.C. Gord Reid #1703, 14 Division.

Urgent action needed to tackle child labour caused by Syrian crisis: Save the Children and UNICEF

In Writing (all kinds) on January 18, 2016 at 3:00 AM

AMMAN, July 2, 2015 /CNW/ – The conflict and humanitarian crisis in Syria are pushing an ever increasing number of children into exploitation in the labour market, and much more needs to be done to reverse the trend, according to a new report released by Save the Children and UNICEF.

The report shows that inside Syria, children are now contributing to the family income in more than three quarters of surveyed households. In Jordan, close to half of all Syrian refugee children are now the joint or sole family breadwinners in surveyed households, while in some parts of Lebanon, children as young as six years old are reportedly working.

The most vulnerable of all working children are those involved in armed conflict, sexual exploitation and illicit activities including organized begging and child trafficking.

“The Syria crisis has dramatically reduced family livelihood opportunities and impoverished millions of households in the region, resulting in child labour reaching critical levels,” says Dr. Roger Hearn, Regional Director for Save the Children in the Middle East and Eurasia. “As families become increasingly desperate, children are working primarily for their survival. Whether in Syria or neighbouring countries, they are becoming main economic players.”

The report finds that a spiraling number of children are employed in harmful working conditions, risking serious damage to their health and wellbeing.

“Child labour hinders children’s growth and development as they toil for long hours with little pay, often in extremely hazardous and unhealthy environments,” says Dr. Peter Salama, UNICEF Regional Director for the Middle East and North Africa. “Carrying heavy loads, being exposed to pesticides and toxic chemicals, and working long hours – these are just some of the hazards working children face every day around the region.”

Three out of four working children surveyed in Jordan’s vast Za’atari refugee camp have reported health problems at work, according to the report. A further 22 per cent of children casually employed in the agricultural sector in Mafraq and the Jordan Valley have also been injured while working.

Moreover, children who work are more likely to drop out of school – adding to fears of a “lost generation” of Syrian children.

UNICEF and Save the Children call on partners and champions of the No Lost Generation Initiative, the wider international community, host governments, and civil society to undertake a series of measures to address child labour inside Syria and in countries affected by the humanitarian crisis.

Improve access to livelihoods including through making more funding available for income-generating activities
Provide quality and safe education for all children impacted by the crisis
Prioritize ending the worst forms of child labour
Invest in strengthening national and community-based child protection systems and services
“Syria’s children are paying a heavy price for the world’s failure to put an end to the conflict”, the report concludes.

Stats and facts

Through the ‘No Lost Generation’ initiative launched in 2013, UNICEF, Save the Children, and other partners aimed at putting child protection and education initiatives at the centre of the humanitarian response to the Syria crisis with the commitment to reverse the trend of a “lost generation”. Child labour represents one of the key challenges to the achievement of that commitment.
An estimated two million children are now living outside Syria as refugees.
Syria was a middle-income country before the war in 2011. The country’s economy was capable of providing a decent living for most of its people; almost all children in Syria went to school, and literacy rates were over 90 per cent.
Four and a half years into the conflict, the country is beset with destitution and misery, with four in five people in Syria estimated to be living in poverty and 7.6 million internally displaced.
Unemployment rates surged from 14.9 per cent in 2011 to 57.7 per cent.
An estimated 64.7 per cent of people in Syria live in extreme poverty, unable to meet basic food and non-food needs.
Neighbouring countries are also suffering the dire consequences of this humanitarian crisis, with the influx of four million refugees.
About UNICEF
UNICEF has saved more children’s lives than any other humanitarian organization. We work tirelessly to help children and their families, doing whatever it takes to ensure children survive. We provide children with healthcare and immunization, clean water, nutrition and food security, education, emergency relief and more.

UNICEF is supported entirely by voluntary donations and helps children regardless of race, religion or politics. As part of the UN, we are active in over 190 countries – more than any other organization. Our determination and our reach are unparalleled. Because nowhere is too far to go to help a child survive. For more information about UNICEF, please visit http://www.unicef.ca.

SOURCE UNICEF Canada

For further information: To arrange interviews or for more information, please contact: Tiffany Baggetta, UNICEF Canada,416-482-6552 ext. 8892, 647-308-4806 (mobile), tbaggetta@unicef.ca

ZODIAC SIGNS PREDICTIONS FOR THE WEEK 18th Jan – 24th JAN 2016

In Writing (all kinds) on January 18, 2016 at 3:00 AM

new_500

Aries ( 21 March – 19 April ) – This period signifies accomplishment and triumph, despite fatigue, strain, setbacks and opposition. You shall be determined and protected now. You may have faced struggle or setbacks in the recent past, even when you were near the finishing line, but with your faith and conviction, you either managed to get what you aspired to or acquired another milestone on your way to success. You are working your way up the ladder, slow and steady. Patience is the key. Your determination and effort are the steps to your success. Favorable Date : Jan 18 Favorable Color : Yellow

Taurus ( 20 April – 20 May ) – This week symbolises the awakening of the human spirit and opening up of new possibilities,  a beginning, a new chapter in your emotional or spiritual life, a new relationship and the advent of good, sublime stuff in your life – happiness, goodness, creativity, luxuries, comforts, arts, good health and more. Remain open and receptive. Let the good things in life and your surroundings flow freely around you – immerse yourself, ensconce yourself without fear. You will experience an upsurge in your positive emotions around this time, and will feel ready for a mutually gratifying give and take of love. Favorable Date : Jan 20 Favorable Color : White

Gemini ( 21 May – 20 June)  – You are not managing your work and family commitments, the way they deserved to be dealt with. It indicates  busy times, struggles, inability to manage things and activities, including the finances. You may need to bring in more structure to your routine, so as to deal with the pinch and pressure that you may be feeling now. Step back into your superpowers and check in again with what you had planned for this period before a few obstacles were thrown in your path. Be reassured that the space just ahead of you is safe to work with and also a place to stretch your creativity. Favorable Date : Jan 18  Favorable Color : Blue Read the rest of this entry »

Ontario Internship Program (OIP)

In Writing (all kinds) on January 17, 2016 at 4:32 PM
Please circulate…
 
The Ontario Internship Program offers two-year paid positions in a wide range of ministries and agencies across the Ontario Public Service. This entry-level program is open to people who have graduated with a recognized degree.
 
Please click on the link below for more information.
Contact us at: Bopsers@ontario.ca

Notice – Employment and Social Development Canada

In Writing (all kinds) on January 17, 2016 at 3:00 AM

Notice – Employment and Social Development Canada

OTTAWA, July 2, 2015 /CNW/ – The Honourable Steven Blaney, Minister of Public Safety and Emergency Preparedness and Member of Parliament for Lévis-Bellechasse, will visit the Québec Production Centre, where Universal Child Care Benefit cheques are printed for a portion of the 4 million eligible families across Canada.

A photo opportunity and media availability will follow.

Please note that all details are subject to change. All times are local.

DATE:
Thursday, July 2, 2015

TIME:
12:00 p.m.

PLACE:
Public Works and Government

Services Canada

Print Production Centre

220 Fortin Street, Room 200

Québec, Quebec

G1M 3S5

Follow us on Twitter @Jobs_Emplois

SOURCE Employment and Social Development Canada

For further information: (media only): Media Relations Office, Employment and Social Development Canada, 819-994-5559, media@hrsdc-rhdcc.gc.ca

A&W Revenue Royalties Income Fund Announces July 2015 Cash Distribution

In Writing (all kinds) on January 15, 2016 at 3:00 AM

VANCOUVER, July 2, 2015 /CNW/ – A&W Revenue Royalties Income Fund (the Fund) (TSX symbol AW.UN) today declared a cash distribution of 11.7 cents per trust unit for the period June 1 to June 30, 2015. The distribution will be paid to unitholders of record at the close of business on July 15, 2015, and will be payable on July 31, 2015. This distribution will be taxed as a non-eligible dividend, as the source of funds to pay the distribution is a dividend from A&W Trade Marks Inc. (Trade Marks).

A&W Food Services of Canada Inc. (Food Services) will also receive a similar dividend from Trade Marks on its investment in Trade Marks.

Launched on February 15, 2002, the Fund, through its investment in Trade Marks, is entitled to receive royalties from Food Services in the amount of 3% of the sales of the 814 A&W restaurants in the Royalty Pool. Cash distributions are paid monthly. A&W is the second largest quick-service hamburger restaurant chain in Canada. Operating coast-to-coast, A&W restaurants feature famous trade-marked menu items such as The Burger Family, Chubby Chicken and A&W Root Beer.

SOURCE A&W Revenue Royalties Income Fund

For further information: Don Leslie, Chief Financial Officer, 604-988-2141, Email: investorrelations@aw.ca, http://www.awincomefund.ca

‘Stage Fright’ at the GIT

In Writing (all kinds) on January 14, 2016 at 2:29 PM

Dear Friends and Colleagues,

Sean Frey and I will be offering  STAGE FRIGHT for the third consecutive year at the Gestalt Institute of Toronto. I would love to fill this workshop! We have been refining our approach and experiments for this program and, like port wine, the older the better it gets. Thanks for sharing within your social circle.
Is it worth the fright?
Have you ever gotten tongue-tied on a date, cold feet asking for a raise, sweaty hands with just the thought of speaking to a huge crowd or found yourself hiding behind a book to avoid networking? You just might be experiencing Performance Anxiety. The good news is that you are hardly alone. This program, rather than reinforce your wishes to quickly get over it, will show you the benefits of recognizing the power of stage fright as a collective shared experience. In this experiential and creative workshop expect to encounter your pessimism, your obsessions and your unfounded beliefs that keep you stuck, and overcome your fear of taking the spotlight.

Date: One Weekend, February 27 to February 28, 2016
Time: Saturday, February 27th, 10:00 am to 5:00 pm; Sunday, February 28th 10:00 am to 5:00 pm
Fee: $185
Call: 416-964-9464 x14 to register

Mario Lourenco

Psychotherapist

 

Canada’s Most Unique Festival Rolls Back into Town!

In Writing (all kinds) on January 14, 2016 at 3:00 AM

Canadian Cheese Rolling Festival Back for the Eighth Year

MONTREAL, July 2, 2015 /CNW Telbec/ – The Canadian Cheese Rolling Festival, one of Canada’s most exciting and fun-hearted events, is back again. Hosted by Dairy Farmers of Canada, the festival rolls back into Whistler, British Columbia on August 15, 2015 from 12 noon to 4 p.m. Now in its eighth year, the Festival features cheese rolling races, a costume contest, cheese tastings, and other fun activities for the whole family.

An 11-pound wheel of Boerenkaas cheese, produced by British Columbia cheese maker Natural Pastures, will be released and roll down the slopes of Blackcomb Mountain for enthusiastic and ambitious cheese lovers to chase. The first male and female contestants to make it down the hill in the final heats win! They will each take home one of the giant, coveted wheels of delicious Canadian cheese and a Whistler season ski pass for two.

“Dairy Farmers of Canada is thrilled to bring this much-anticipated Festival celebrating Canadian cheese back to Whistler,” says Sandra Da Silva, assistant director, external communications, Dairy Farmers of Canada. “It’s such a great family event, with activities for everyone and, of course, delicious Canadian cheese everywhere you look.”

The Festival will be held in Whistler’s Upper Village on Blackcomb Mountain. Free transportation to Blackcomb Mountain Base 2 parking lot will be available via the Excalibur Gondola in Whistler village. Anyone over 19 years of age can participate in the races; contestants can register on-site on August 15 at 11:00 a.m. There will be seven men’s and four women’s heats and the winner from each one will compete in the finals. There will also be uphill races for kids.

This year, all Festival attendees aged 19 and over are invited to come in costume for the chance to win a gift card from Marketplace IGA: $250 for first place, $150 for second and $100 for third. Other activities at the festival will include children’s activities, free cheese seminars, and recipe demos with Chef Ned Bell from YUCA restaurant in Vancouver. Visitors will also have the opportunity to taste and buy Canadian cheese from across the country in a Cheese Market full of delicious samples. Vancouver native and Breakfast Television host, Riaz Meghji, will emcee the event again.

Finally, Dairy Farmers of Canada partnered with MarketPlace IGA in British Columbia to offer Canadians a chance to win a getaway weekend to Whistler, including accommodation at the Hilton Whistler Resort & Spa and a five-course dining experience at the famed Bearfoot Bistro. Visit a MarketPlace IGA grocery store in British Columbia before July 30th to participate!

To learn more about the Canadian Cheese Rolling Festival and to view videos and photos from past years, visit canadiancheeserolling.ca.

About Dairy Farmers of Canada
Dairy Farmers of Canada (DFC) strives to create favourable conditions for the Canadian dairy industry, today and in the future. DFC works to maintain policies that foster the viability of Canadian dairy farms and to promote quality Canadian dairy products made from 100% Canadian milk as part of a healthy balanced diet. Visit dairyfarmers.ca for more information.

SOURCE Dairy Farmers of Canada (DFC)

For further information: Sandra Da Silva, Dairy Farmers of Canada, 647.633.3741, sandra.dasilva@dfc-plc.ca

Unclaimed jackpot – Loto-Québec is looking for a $1 million prize winner in the May 29, 2015, Lotto Max draw

In Writing (all kinds) on January 13, 2016 at 3:00 AM

The ticket was purchased in Sainte-Thérèse-de-Blainville in the Laurentians

MONTRÉAL, July 2, 2015 /CNW Telbec/ – Loto-Québec would like the public to know that a $1 million prize won in the May 29, 2015, Lotto Max draw has not yet been claimed. The winning number for that draw is 06-15-32-35-42-44-48. The ticket was purchased in the Laurentian municipality of Sainte-Thérèse-de-Blainville.

To claim the prize, the winning ticket holder must go to the Winners Payout section at Loto-Québec’s Montréal or Québec City offices by 4:30 p.m. on May 30, 2016, at the latest.

Claiming a prize: Learn more
Helping jackpot winners claim their prizes before the deadline is important to Loto‑Québec. For this reason, the Corporation implemented a procedure for draw lotteries in order to systematically inform lottery ticket buyers when a $1 million or more prize has not been collected. Therefore, one month after a draw where such a prize remains unclaimed, Loto-Québec publishes a first press release indicating the name of the product, the value of the prize, the date of the draw and the region where the winning ticket was purchased. If the prize remains unclaimed, other press releases are issued as needed before the claim deadline.

A total of 98% of large prizes are claimed within four weeks. Any unclaimed prizes are redistributed to players in the form of bonus prizes and special draws.

In addition, a page listing unclaimed prizes worth $1 million or more following a first press release is displayed on Loto-Québec’s lottery web site. This page may be viewed at any time and facilitates consumer follow-up on prizes.

Customers may have their tickets validated by any of the approximately 8,500 retailers or check it themselves anywhere and at any time using the Lotteries application for smartphones and computer tablets.

Loto-Québec, 45 years of emotions!
LotoQuébec’s mission is to responsibly and efficiently manage games of chance in a controlled and measured fashion, in the interest of all Quebecers. Entertainment is at the heart of its activities. Since January 1, 2015, Loto‑Québec has paid out 41 prizes worth $1 million or more.

SOURCE Loto-Québec

For further information: Source: Patrice Lavoie, Director of Communications and Press Relations, Loto-Québec and its subsidiaries, 514-499?5130; Information: Marisol Schnorr, Advisor, Press Relations, Loto-Québec, 514-499-7111, ext. 3363

/R E P E A T — Summer holidays at the Électrium: A brilliant summer program!/

In Writing (all kinds) on January 12, 2016 at 3:00 AM

SAINTE-JULIE, QC, June 15, 2015 /CNW Telbec/ – Located in Montérégie, Hydro-Québec’s electricity interpretation centre offers fascinating guided tours throughout the summer. In addition, every Monday, budding scientists can participate in science initiation workshops led by Profaqua, an organization that specializes in sharing its passion for science with youngsters. And it is all free of charge!

Hooray for Mondays! Scientific workshops on the agenda

Every Monday, between June 29 and August 24 inclusively, the Électrium will be about more than just electricity! Kids six and up will be invited to participate in a variety of workshops designed specifically for them, enhanced by amusing and interesting explanations, unexpected experiences and educational games. There will be something for everyone, including themes on birds, insects, plants, air, magic, underground life, great inventors and much more!

Which workshop will your child prefer?
The workshops, which last about one hour, are offered four times a day, at 9:30 a.m., 11 a.m., 1 p.m. and 2:30 p.m. Reservations are required since places are limited.

A passion for electricity at the Électrium

Summer holidays are also an excellent opportunity to enjoy learning from a qualified tour guide as you wander through the interpretation centre and explore the world of electricity. You will discover how electricity shows up in nature, in physical and magnetic phenomena, and how electricity is generated in Québec.

You will be able to test your newly acquired knowledge at many interactive modules. You will also have the opportunity to touch the Van de Graaff generator, a sphere that produces static electricity and makes your hair stand on end. You will be amazed by the plasma ball, which generates tiny lightning bolts, and you will explore the role of electricity in the human body. And a game will let you challenge someone to a test of your reflexes and see how long it takes your brain to respond to various stimuli.

And don’t forget to visit the curious fish that’s become the star of the Électrium. Did you know that a full-grown electric eel produces enough electricity to light 48 ten-watt compact fluorescent bulbs?

Plan your visit

In summer, the Électrium is open from Monday to Sunday from 9:30 a.m. to 5 p.m.
For information about the Monday programming and to make a reservation, contact the Électrium team at 1 800 267-4558 or consult http://www.hydroquebec.com/visit. Monday reservations are required.

The Électrium is located in Sainte-Julie, in Montérégie, exit 87 from Highway 30, just outside Montréal.

SOURCE Hydro-Québec

For further information: Mathieu Rouy, Hydro-Québec, 514 289-2311, rouy.mathieu@hydro.qc.ca, Photos available.

UL Acquires the National Analysis Center to Broaden its Portfolio of Interoperability and Usability Testing Services

In Writing (all kinds) on January 11, 2016 at 3:00 AM

NORTHBROOK, Ill., July 2, 2015 /CNW/ — UL, a global safety science leader, today announced the acquisition of the National Analysis Center (NAC), a privately held company based in West Palm Beach, Fla. The NAC is recognized as the standard for mobile phone, automotive infotainment and mobile accessory interoperability and usability testing.

UL Logo
As people around the world become more mobile and use a variety of devices, they expect them to work together seamlessly. The acquisition significantly broadens UL’s range of interoperability services in high-growth sectors that are impacted by the compatibility and usability of each device, such as automotive infotainment, wireless products and wearable smart devices.

“As major trends in the consumer space, such as the Internet of Things, wearable technology and connected vehicles drive adoption of new consumer devices, the market for interoperability testing will continue to grow,” said Sajeev Jesudas, president of the UL Consumer Business Unit. “This acquisition provides us with an opportunity to expand our offerings and support the next generation of connected devices to help ensure they work together seamlessly and safely.”

The NAC’s service portfolio includes interoperability, performance and compatibility testing services. The company also offers competitive benchmarking to help engineering and marketing teams evaluate prototypes against the latest commercially available products.

UL and the NAC’s combined portfolio will help strengthen relationships with key auto and mobile customers. In addition, the NAC will leverage UL’s scale and resources to expand into global markets.

“We look forward to merging our capabilities and expertise and reaching new markets,” said Jim Lipsit, the National Analysis Center’s president, co-founder and owner. “Both UL and the NAC have a shared approach of testing products as part of a complete system, in the way customers actually use them. I think this common approach and mission to improve the customer experience makes the two companies a great fit for each other, our employees and our customers.”

The NAC’s 36 employees, including Jim Lipsit, will join UL and remain with the company. The transaction closed on July 1, 2015.

About UL
UL is a premier global independent safety science company that has championed progress for more than 120 years. Its nearly 11,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, inspection, advisory and education services, visit http://www.UL.com or our Facebook, Twitter and LinkedIn pages.

About the National Analysis Center
The National Analysis Center’s service portfolio includes interoperability, performance and compatibility testing services in high-growth sectors such as wireless and automotive infotainment. Founded in 2003, the NAC has vast expertise in evaluating products from manufacturers around the world. The NAC tests products as part of a complete system, in the way customers actually use them. Its goal is to identify potential problems for customers before products are released. With more than 12 years of Bluetooth interoperability testing experience, the NAC is recognized as the standard for mobile phone, automotive infotainment and mobile accessory interoperability testing. The NAC’s headquarters are in West Palm Beach, Fla. For more information, please visit, http://www.nationalanalysiscenter.com.

Michelle Press
PR Manager, UL
847-664-1966
michelle.press@ul.com

Logo – http://photos.prnewswire.com/prnh/20140721/129100

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ul-acquires-the-national-analysis-center-to-broaden-its-portfolio-of-interoperability-and-usability-testing-services-300107978.html

SOURCE UL

ZODIAC SIGNS PREDICTIONS FOR THE WEEK 11th – 17th Jan 2016

In Writing (all kinds) on January 11, 2016 at 3:00 AM

new_500

Aries ( 21 March – 19 April ) – A very exciting week lies ahead, one that is richly -peppered with opportunity and potential. Your business or career could see a significant take-off.  You are sure to cross thresholds and make big breakthroughs in many areas – health, creativity, and love life.  All this stellar intensity amounts to a new lifestyle emerging and it spells improvement – big time. It is quite likely that your life is already showing visible signs of stepping forward and that you have already harnessed in for the ride with great anticipation and high hopes. Favorable Date : Jan 16 Favorable Color : Red

Taurus ( 20 April – 20 May ) – You may not be as well informed this week. Meetings, circumstances or inconvenient repairs can crop up unexpectedly and command your immediate attention. You could find the need to drop and go a lot more than usual. Self-discipline and staying on schedule can be a supreme test, especially around the time. At an extreme, the course of your life could alter in the blink of an eye.  This week can give  turbulence or deliver a jarring moment; sudden expenses or other unexpected challenges are quite possible. Some project behind the scenes will pull on your counseling or verbal skills. Favorable Date : Jan 13 Favorable Color : Blue

Gemini ( 21 May – 20 June) – Something or someone unexpected, even extraordinary, could capture your attention. Watch for a special event, a sudden turn of events, or for key person to make a significant entrance or exit. There can be the ignition of exceptional potentials. It is the right time to put maximum attention on the forming alliances or accords, group endeavors/participation, social networks, and increasing your public profile. Experiment with a new approach, change your advertising strategies accountant, agent,representative, or health consultant. Favorable Date : Jan 13 Favorable Color : White Read the rest of this entry »

New RRIF Rules Reduce Risk of Outliving Savings, but More Help Needed – C.D. Howe Institute

In Writing (all kinds) on January 10, 2016 at 3:00 AM

TORONTO, July 2, 2015 /CNW/ – The 2015 federal budget’s reduction of the mandatory minimum withdrawals from registered retirement income funds (RRIFs) and similar tax-deferred accounts will reduce the risk that many Canadians will outlive their savings. Yet with yields on safe investments so low, and longevity continuing to increase, the risk is still material, according to a new C.D. Howe Institute report. In “Drawing Down Our Savings: The Prospects for RRIF Holders Following the 2015 Federal Budget,” authors William B.P. Robson and Alexandre Laurin commend the government’s recent change to RRIF rules but urge them to go further.

“The old drawdown rules established in 1992 had become badly outdated,” states Robson. “The new rules are better. The challenge going forward, however, is to keep these rules better aligned with returns and longevity. If more regular adjustments are impractical, eliminating minimum withdrawals entirely may be the way to help retirees enjoy the lifelong security they are striving to achieve.”

According to the authors, the recent changes requiring smaller minimums still present a risk to retirees. If the 2015 Budget’s assumed real investment returns of 3 percent prove realistic, the projections suggest relatively constant minimum RRIF drawdowns up to age 94, and a lower risk of living to see a badly depleted RRIF account balance. However, real returns on safe investments are currently negative. Re-running the projections with zero real returns suggests that seniors, especially women, still face a material risk of outliving their tax-deferred savings.

Laurin concludes, “If real yields on the types of securities a prudent retiree should hold do not rebound considerably, and if life expectancy continues to rise, the risk of outliving tax-deferred savings will continue to be material. The 2015 changes should therefore be a downpayment on further liberalization.”

The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. It is Canada’s trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review. It is considered by many to be Canada’s most influential think tank.

For the report go to: http://www.cdhowe.org/?p=29849

SOURCE C.D. Howe Institute

For further information: William B.P. Robson, President & CEO, and Alexandre Laurin, Director of Research, C.D. Howe Institute; 416-865-1904, or email: kmurphy@cdhowe.org.

IA Clarington Target Click 2015 Fund reaches its scheduled maturity

In Writing (all kinds) on January 9, 2016 at 3:00 AM

TORONTO, July 2, 2015 /CNW/ – IA Clarington Investments Inc. (“IA Clarington” or the “Company”) is pleased to announce the IA Clarington Target Click 2015 Fund (Series A and Series F) has successfully reached its scheduled maturity on June 30, 2015 and paid out the highest month-end net asset value (NAV) to unitholders as guaranteed.

IA Clarington Target Click Funds are Canada’s first guaranteed mutual funds and have been specifically designed to take the worry out of investing by automatically locking in month-end highs and lowering risk as they approach their maturity date. The family of IA Clarington Target Click Funds continue to their maturity dates with the Target Click 2020, 2025, and 2030 Funds respectively. These funds provide investors with the security of knowing their investments are protected, provided they hold the funds to maturity, while at the same time offering exposure to leading international equity markets.

All IA Clarington Target Click Funds are comprised of global balanced funds and guarantee the highest month-end NAV achieved over their life at maturity. As each Target Click Fund approaches its respective maturity date, its allocation to fixed income is increased and its allocation to equities is reduced.

About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of distinctive and outcome-based investments, including actively managed mutual funds, portfolio solutions, socially responsible investments and target date funds. As at May 31, 2015, IA Clarington has over $15 billion in assets under management and distributes its investment solutions to retail investors through advice-based distribution channels. For more information please visit http://www.iaclarington.com.

SOURCE IA Clarington Investments Inc.

For further information: Scott Anderson, Manager, Media Relations, TMX Equicom, Tel: 416-815-0700 ext. 252, sanderson@tmxequicom.com; Kari Meyer, Communications Manager, IA Clarington Investments, Tel: 416-860-9880 ext. 2120, kari.meyer@iaclarington.com

Richelieu pursues its solid growth – Good financial performance for Q2 2015 – New acquisition in the U.S.

In Writing (all kinds) on January 8, 2016 at 3:00 AM

Second-quarter sales increased by 15.5% to reach $190.8 million, of which 11.7% from internal growth and 3.8% from acquisitions. For the first six months, they totalled $350.1 million, up 16.2%.
Second-quarter diluted net earnings per share increased by 12.1% to $0.74. For the first six months, they were up 14.7% to $1.25.
Repurchase of 143,000 shares totalling $8.7 million. A healthy and solid financial position, almost no debt and return on average equity of 18.2%.
Subsequent event: strategic acquisition in Dallas giving access to the Texas market.
MONTREAL, July 2, 2015 /CNW Telbec/ – “Richelieu (TSX: RCH) again achieved a good financial performance, as indicated by our results for the second quarter ended May 31, 2015. All our markets helped drive the sales growth, attesting to the success of our innovation and market development strategies, with strong value-added marketing programs for our customers, and our ongoing priority on quality execution. This resulted in a 14.3% increase in sales to manufacturers, of which 9.9% from internal growth and 4.4% from acquisitions. In the hardware retailers and renovation superstores market, sales grew by 22.4%, mainly reflecting the impact of exceptional sales resulting from the introduction of additional products in retailers’ stores and significant market share gains in Canada. On June 18th, we acquired Single Source Cabinet Supplies, a specialty hardware distributor located in Dallas, Texas. We are proud of this strategic acquisition, which enables Richelieu to penetrate the dynamic Texas market with an extensive customer base of kitchen cabinet manufacturers and residential and commercial woodworkers in addition to adding annual sales of over $5 million. In upcoming periods, we will create further synergies and seek value-creating acquisition opportunities,” indicated Richard Lord, President and Chief Executive Officer of Richelieu.

NEXT DIVIDEND PAYMENT

As at July 2, 2015, the Board of Directors approved the payment of a quarterly dividend of $0.15 per share. This dividend is payable on July 30, 2015 to shareholders of record as at July 16, 2015.

ANALYSIS OF OPERATING RESULTS FOR THE SECOND QUARTER AND FIRST SIX MONTHS ENDED MAY 31, 2015 COMPARED WITH THE SECOND QUARTER AND FIRST SIX MONTHS ENDED MAY 31, 2014

Consolidated sales

In the second quarter, Richelieu achieved consolidated sales of $190.8 million, compared with $165.2 million for the corresponding quarter of 2014, an increase of $25.6 million or 15.5%, of which 11.7% from internal growth and 3.8% from acquisitions. If exchange rates had been comparable to the second quarter of 2014, the consolidated sales growth would have been 11.7% for the quarter ended May 31, 2015.

Sales to manufacturers amounted to $161.3 million, up from $141.1 million for the corresponding period of 2014, an increase of $20.2 million or 14.3%, of which 9.9% from internal growth and 4.4% from acquisitions. Sales to hardware retailers and renovation superstores stood at $29.5 million, up from $24.1 million for the corresponding quarter of 2014, an increase of 22.4%.

In Canada, the Corporation recorded sales of $133.6 million, an increase of $11.4 million or 9.3% over the second quarter of 2014, of which 8.3% from internal growth and 1.0% from acquisitions. Sales to manufacturers amounted to $107.7 million, an increase of $6.4 million or 6.3%, of which 5.1% from internal growth and 1.2% from acquisitions. Sales to hardware retailers and renovation superstores stood at $25.9 million, up by $5.0 million or 23.9% over the corresponding quarter of 2014. This growth primarily reflects the impact of significant market share gains and exceptional sales resulting from the introduction of additional products in retailers’ stores.

In the United States, sales amounted to US$46.2 million, compared with US$39.0 million for the corresponding quarter of 2014, an increase of US$7.2 million or 18.4%, of which 7.8% from internal growth and 10.6% from acquisitions. Sales to manufacturers stood at US$43.3 million, an increase of US$7.2 million or 19.9% over the second quarter of 2014, of which 8.4% from internal growth and 11.5% from acquisitions. Sales to hardware retailers and renovation superstores remained stable. Considering exchange rates, total U.S. sales amounted to $57.2 million, an increase of 33.3%. They thereby accounted for 30.0% of consolidated sales for the second quarter of 2015, whereas they had represented 26.0% of the period’s consolidated sales for the second quarter of 2014.

First-half consolidated sales totalled $350.1 million, an increase of $48.9 million or 16.2% over the first six months of 2014, of which 12.1% from internal growth and 4.1% from acquisitions. If exchange rates had been comparable to the first half of 2014, the consolidated sales growth would have been 12.4% for the six-month period ended May 31, 2015.

Sales to manufacturers amounted to $295.6 million, compared with $254.9 million for the first half of 2014, an increase of $40.7 million or 16.0%, of which 11.2% from internal growth and 4.8% from acquisitions. Sales to hardware retailers and renovation superstores totalled $54.5 million, compared with $46.3 million, up by $8.2 million or 17.7%.

In Canada, sales amounted to $241.3 million, compared with $220.7 million for the first six months of 2014, an increase of $20.6 million or 9.3%, of which 8.2% from internal growth and 1,1% from acquisitions. Sales to manufacturers stood at $193.9 million, an increase of $13.5 million or 7.5%, of which 6.2% from internal growth and 1.3% from acquisitions. Sales to hardware retailers and renovation superstores stood at $47.4 million, compared with $40.3 million, up by $7.1 million or 17.6% over the corresponding period of 2014, reflecting the impact of significant market share gains and the introduction of additional products in retailers’ stores during the second quarter.

In the United States, Richelieu posted sales of US$89.0 million, compared with US$73.6 million for the first six months of 2014, an increase of US$15.4 million or 21.0%, of which 9.9% from internal growth and 11.1% from acquisitions. Sales to manufacturers totalled US$83.2 million, compared with US$68.1 million, an increase of US$15.1 million or 22.2% over the first half of 2014, of which 10.2% from internal growth and 12.0% from acquisitions. Sales to hardware retailers and renovation superstores grew by 6.9%. Considering exchange rates, U.S. sales expressed in Canadian dollars amounted to $108.8 million, compared with $80.5 million for the corresponding six months of 2014, an increase of 35.1%. They thereby accounted for 31.1% of consolidated sales for the first half of 2015, whereas they had represented 26.7% of the period’s consolidated sales for the first six months of 2014.

Consolidated EBITDA and EBITDA margin

Second-quarter earnings before income taxes, interest and amortization (EBITDA) amounted to $21.9 million, up by $2.7 million or 14.0% over the corresponding quarter of 2014. The gross margin decreased slightly from the same period of 2014 due notably to the lower margins of certain acquisitions having a different product mix, the higher proportion of sales in the United States, the cost of introducing additional products in the retailers market in Canada and the appreciation of the U.S. currency which had an upward impact on the purchasing cost of certain products before selling price adjustments. In this context, the EBITDA margin stood at 11.5%, compared with 11.6% for the corresponding quarter of 2014.

Income taxes amounted to $5.2 million, an increase of $0.8 million over the second quarter of 2014.

First-half earnings before income taxes, interest and amortization (EBITDA) totalled $37.6 million, up by $4.7 million or 14.3% over the first six months of 2014. The gross margin and the EBITDA margin for the first half declined slightly due to the lower gross margins of certain acquisitions having a different product mix, the higher proportion of sales in the United States where the product mix is also different, the cost of introducing additional products in the retailers market in Canada and the appreciation of the U.S. currency which had an upward impact on the purchasing cost of certain products before selling price adjustments.

Income taxes totalled $8.8 million, an increase of $1.2 million over the first six months of 2014.

Consolidated net earnings attributable to shareholders

Second-quarter net earnings grew by 12.3%. Considering non-controlling interests, net earnings attributable to shareholders of the Corporation amounted to $14.7 million, up 12.4% over the second quarter of 2014. Net earnings per share rose to $0.75 basic and $0.74 diluted, compared with $0.67 basic and $0.66 diluted for the corresponding quarter of 2014, an increase of 11.9% and 12.1%, respectively.

Comprehensive income amounted to $14.3 million, considering a negative adjustment of $0.4 million on translation of the financial statements of the subsidiary in the United States, compared with $11.8 million for the second quarter of 2014, considering a negative adjustment of $1.3 million on translation of the financial statements of the subsidiary in the United States.

First half net earnings grew by 13.4%. Considering non-controlling interests, net earnings attributable to shareholders of the Corporation totalled $24.9 million, an increase of 13.6% over the first six months of 2014. Net earnings per share amounted to $1.27 basic and $1.25 diluted, compared with $1.11 basic and $1.09 diluted for the first six months of 2014, an increase of 14.4% and 14.7%, respectively.

Comprehensive income totalled $31.1 million, considering a positive adjustment of $6.2 million on translation of the financial statements of the subsidiary in the United States, compared with $23.1 million for the first half of 2014, considering a positive adjustment of $1.2 million on translation of the financial statements of the subsidiary in the United States.

Analysis of principal cash flows for the second quarter and first six months ended May 31, 2015

Operating activities

Second-quarter cash flows from operating activities (before net change in non-cash working capital balances related to operations) amounted to $17.0 million or $0.86 per share, compared with $14.8 million or $0.75 per share for the second quarter of 2014, an increase of 14.6% stemming primarily from the net earnings growth. Net change in non-cash working capital balances used cash flows of $7.9 million, reflecting the change in accounts receivable ($10.6 million), whereas accounts payable and other items represented a cash inflow of $2.7 million. Consequently, operating activities provided cash flows of $9.1 million, compared with $13.7 million for the corresponding quarter of 2014.

First-half cash flows from operating activities (before net change in non-cash working capital balances related to operations) totalled $29.5 million or $1.48 per share, compared with $25.8 million or $1.29 per share for the first six months of 2014, an increase of 14.0% stemming primarily from the net earnings growth. Net change in non-cash working capital balances used cash flows of $32.8 million, representing changes in inventories ($22.2 million), in accounts receivable ($6.9 million), and in accounts payable and other items ($3.7 million). Consequently, operating activities used cash flows of $3.3 million, whereas they had provided cash flows of $11.9 million for the first half of 2014.

Financing activities

Second-quarter financing activities represented a cash outflow of $12.0 million, compared with $2.5 million for the corresponding quarter of 2014. This change came mainly from the fact that during the second quarter of 2015, the Corporation repurchased common shares for cancellation for $8.7 million, whereas it had purchased shares for $0.5 million in the corresponding quarter of 2014. The Corporation paid dividends to shareholders of $2.9 million, up by $0.2 million over the second quarter of 2014. In addition, Richelieu redeemed $0.5 million on its long-term debt related to a consideration payable on a prior acquisition.

First-half financing activities represented a cash outflow of $15.4 million, compared with $30.1 million for the first half of 2014. During the first six months of the year, Richelieu repurchased common shares for cancellation for $9.2 million, versus $27.5 million in the first half of 2014. The Corporation paid dividends to shareholders of $5.9 million, up by $0.3 million over the first six months of 2014. Furthermore, shares were issued for $0.8 million, compared with a $3.0 million share issue during the first half of 2014.

Investing activities

Second-quarter investing activities amounting to $2.6 million were used for the following: equipment for operational efficiency, software needed for operations and building improvements.

First-half investing activities totalling $4.5 million were used for the following: equipment for operational efficiency, software needed for operations, building improvements and the remodeling of certain showrooms.

Sources of financing

As at May 31, 2015, cash and cash equivalents totalled $10.1 million, compared with $33.7 million as at November 30, 2014. This change primarily reflects the increase in inventories and the repurchase of common shares during the first six months of 2015. The Corporation posted a working capital of $229.6 million for a current ratio of 4.4:1, compared with $214.9 million (4.0:1 ratio) as at November 30, 2014.

Richelieu believes it has the capital resources to fulfill its ongoing commitments and obligations and to assume the funding requirements needed for its growth and the financing and investing activities planned for the second half of 2015. The Corporation continues to benefit from an authorized line of credit of CA$26 million as well as a line of credit of US$6 million renewable annually and bearing interest respectively at prime and base rates. In addition, the Corporation estimates it could obtain access to other outside financing if necessary.

Summary financial position

As at
May
November

31,
30,
(in thousands of $, except exchange rate)
2015
2014

Current assets
296,987
285,394
Non-current assets
107,278
105,327

Total
404,265
390,721
Current liabilities
67,358
70,528
Non-current liabilities
6,814
6,640
Equity attributable to shareholders of the Corporation
326,302
309,149
Non-controlling interests
3,791
4,404

Total
404,265
390,721
Exchange rate on translation

of a subsidiary in the United States
1.244
1.144

Total assets amounted to $404.3 million as at May 31, 2015, compared with $390.7 million as at November 30, 2014, an increase of 3.5%. Current assets were up by $11.6 million over November 30, 2014 primarily due to an inventory increase resulting from the introduction of new products and in anticipation of the coming months which historically represent a more active period. In addition, the appreciation in the U.S. dollar had an upward impact on translation of the assets of the subsidiary in the United States.

Net cash

As at
May
November

31,
30,
(in thousands of $)
2015
2014

Current portion of long-term debt
2,036
3,352
Long-term debt
2,176
2,002

Total
4,212
5,354
Cash and cash equivalents
10,083
33,721
Total cash net of debt
5,871
28,367

Total debt amounted to $4.2 million, of which $2.2 million in long-term debt and $2.0 million in short-term debt representing balances payable on acquisitions, a decrease of $1.1 million from November 30, 2014. Deducting this debt, net cash stood at $5.9 million as at May 31, 2015. The Corporation continues to benefit from a healthy and solid financial position.

Equity attributable to shareholders of the Corporation totalled $326.3 million as at May 31, 2015, compared with $309.1 million as at November 30, 2014, an increase of 5.5% stemming primarily from a growth of $10.0 million in retained earnings which amounted to $280.9 million, of $6.2 million in accumulated other comprehensive income, and of $0.8 million in share capital. As at May 31, 2015, the book value per share was $16.78, up 6.2% over November 30, 2014.

EVENT SUBSEQUENT TO CLOSING DATE

On June 18, 2015, Richelieu acquired the principal net assets of BD Enterprises, Inc. (doing business as Single Source Cabinet Supplies), a specialty hardware distributor located in Dallas, Texas, who serves a customer base of kitchen cabinet manufacturers as well as residential and commercial woodworkers.

PROFILE AS AT MAY 31, 2015

Richelieu is a leading North American distributor, importer and manufacturer of specialty hardware and complementary products. Its products are targeted to an extensive customer base of kitchen and bathroom cabinet, furniture, and window and door manufacturers plus the residential and commercial woodworking industry, as well as a large customer base of hardware retailers, including renovation superstores. Richelieu offers customers a broad mix of high-end products sourced from manufacturers around the world. Its product selection consists of some 100,000 different items targeted to a base of more than 70,000 customers who are served by 66 centres in North America – 36 distribution centres in Canada, 28 in the United States and two manufacturing plants in Canada, specifically Cedan Industries Inc. which specializes in the manufacturing of a wide variety of veneer sheets and edgebanding products and Menuiserie des Pins Ltée which manufactures components for the window and door industry and a broad selection of decorative mouldings.

Notes to readers — Richelieu uses earnings before interest, income taxes and amortization (“EBITDA”) because this measure enables management to assess the Corporation’s operational performance. This measure is a widely accepted financial indicator of a corporation’s ability to service and incur debt. However, EBITDA should not be considered by an investor as an alternative to operating income or net earnings attributable to Shareholder of the Corporation, as an indicator of financial performance or cash flows, or as a measure of liquidity. Because EBITDA is not a standardized measurement as prescribed by IFRS, it may not be comparable to the EBITDA of other companies. Richelieu also uses cash flows from operating activities and cash flows from operating activities per share. Cash flows from operating activities are based on net earnings plus amortization of property, plant and equipment and intangible assets, deferred tax expense (or recovery) and share-based compensation expense. These additional measures do not account for net change in non-cash working capital items to exclude seasonality effects and are used by management in its assessments of cash flows from long-term operations. Therefore, cash flows from operating activities may not be comparable to the cash flows from operating activities of other companies. Certain statements set forth in this management’s report, including statements relating to the expected sufficiency of cash flows to cover contractual commitments, to maintain growth and to provide for financing and investing activities, growth outlook, Richelieu’s competitive position in its industry, Richelieu’s ability to weather the current economic context and access other external financing, the closing of new acquisitions, and other statements not pertaining to past events, constitute forward-looking statements. In some cases, these statements are identified by the use of terms such as “may”, “could”, “might”, “intend” “should”, “expect”, “project”, “plan”, “believe”, “estimate” or the negative form of these expressions or other comparable variants. These statements are based on the information available at the time they are written, on assumptions made by management and on the expectations of management, acting in good faith, regarding future events, including the assumption that economic conditions and exchange rates will not significantly deteriorate, changes in operating expenses will not increase significantly, the Corporation’s deliveries will be sufficient to fulfill Richelieu’s needs, the availability of credit will remain stable during the fiscal year and no extraordinary events will require supplementary capital expenditures. Although management considers these assumptions and expectations reasonable based on the information available at the time they are written, they could prove inaccurate. Forward-looking statements are also subject, by their very nature, to known and unknown risks and uncertainties such as those related to the industry, acquisitions, labour relations, credit, key officers, supply, product liability, and other factors set forth in the Management’s Report included in the Corporation’s Annual Report as well as its Annual Information Form, which are available on the System for Electronic Document Analysis and Retrieval (SEDAR) website at http://www.sedar.com. Richelieu’s actual results could differ materially from those indicated or underlying these forward-looking statements. The reader is therefore recommended not to unduly rely on these forward-looking statements. Forward-looking statements do not reflect the potential impact of special items, any business combination or any other transaction that may be announced or occur subsequent to the date hereof. Richelieu undertakes no obligation to update or revise the forward-looking statements to account for new events or new circumstances, except where provided for by applicable legislation.

JULY 2, 2015 CONFERENCE CALL AT 2:30 P.M. (EASTERN TIME)

Financial analysts and investors interested in participating in the conference call on Richelieu’s results to be held at 2:30 p.m. on July 2, 2015 may call 1-866-865-3087 a few before the start of the call. For those unable to participate, a taped rebroadcast will be available as of 5:15 p.m. on July 2, 2015 until midnight on July 9, 2015, by dialing 1-855-859-2056, access code: 64718835. Members of the media are invited to listen in.

Photos are available under “About Richelieu” – “Media” section at http://www.richelieu.com.

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

[In thousands of dollars]
[Unaudited]

As at May 31,
2015
As at November 30,
2014

$
$
ASSETS

Current assets

Cash and cash equivalents
10,083
33,721
Accounts receivable
102,584
93,874
Inventories
182,103
156,488
Prepaid expenses
2,217
1,311

296,987
285,394
Non-current assets

Property, plant and equipment
24,359
22,895
Intangible assets
21,221
20,987
Goodwill
57,696
57,669
Deferred taxes
4,002
3,776

404,265
390,721

LIABILITIES AND EQUITY

Current liabilities

Accounts payable and accrued liabilities
64,992
64,437
Income taxes payable
330
2,739
Current portion of long-term debt
2,036
3,352

67,358
70,528
Non-current liabilities

Long-term debt
2,176
2,002
Deferred taxes
2,763
2,762
Other liabilities
1,875
1,876

74,172
77,168
Equity

Share capital
30,598
29,762
Contributed surplus
1,637
1,576
Retained earnings
280,873
270,826
Accumulated other comprehensive income
13,194
6,985
Equity attributable to shareholders of the Corporation
326,302
309,149
Non-controlling interests
3,791
4,404

330,093
313,553

404,265
390,721

CONSOLIDATED STATEMENTS OF EARNINGS

[In thousands of dollars, except earnings per share]
[Unaudited]

For the three months
ended May 31,
For the six months
ended May 31,

2015
2014
2015
2014

$
$
$
$
Sales
190,801
165,155
350,120
301,263
Cost of goods sold, warehousing, selling and administrative expenses
168,923
145,970
312,536
268,374
Earnings before amortization, financial costs and income taxes
21,878
19,185
37,584
32,889
Amortization of property, plant and equipment
1,415
1,223
2,774
2,481
Amortization of intangible assets
646
513
1,272
1,041
Financial costs, net
(43)
(41)
(127)
(153)

2,018
1,695
3,919
3,369
Earnings before income taxes
19,860
17,490
33,665
29,520
Income taxes
5,193
4,428
8,814
7,612
Net earnings
14,667
13,062
24,851
21,908

Net earnings attributable to:

Shareholders of the Corporation
14,653
13,036
24,869
21,895
Non-controlling interests
14
26
(18)
13

14,667
13,062
24,851
21,908
Net earnings per share attributable to shareholders of the Corporation

Basic
0.75
0.67
1.27
1.11
Diluted
0.74
0.66
1.25
1.09

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the three and six-month periods ended May 31 [In thousands of dollars]
[Unaudited]

For the three months
ended May 31,
For the six months
ended May 31,

2015
2014
2015
2014

$
$
$
$
Net earnings
14,667
13,062
24,851
21,908
Other comprehensive income that will be reclassified to net earnings

Exchange differences on translation of foreign operations
(412)
(1,266)
6,209
1,175
Comprehensive income
14,255
11,796
31,060
23,083
Comprehensive income attributable to:

Shareholders of the Corporation
14,241
11,770
31,078
23,070
Non-controlling interests
14
26
(18)
13

14,255
11,796
31,060
23,083

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the three and six-month periods ended May 31 [In thousands of dollars]
[Unaudited]

For the three months
ended May 31,
For the six months
ended May 31,

2015
2014
2015
2014

$
$
$
$
OPERATING ACTIVITIES

Net earnings
14,667
13,062
24,851
21,908
Items not affecting cash

Amortization of property, plant and equipment
1,415
1,223
2,774
2,481

Amortization of intangible assets
646
513
1,272
1,041

Deferred taxes

(294)

(294)

Share-based compensation expense
276
328
557
697

17,004
14,832
29,454
25,833
Net change in non-cash working capital balances
(7,920)
(1,096)
(32,795)
(13,896)

9,084
13,736
(3,341)
11,937

FINANCING ACTIVITIES

Repayment of long-term debt
(500)

(600)

Dividends paid to Shareholders of the Parent Corporation
(2,939)
(2,741)
(5,878)
(5,547)
Other dividends paid


(596)

Common shares issued
205
709
807
2,958
Common shares repurchased for cancellation
(8,735)
(457)
(9,180)
(27,520)

(11,969)
(2,489)
(15,447)
(30,109)

INVESTING ACTIVITIES

Business acquisitions

(1,739)

(3,089)
Additions to property, plant and equipment and intangible assets
(2,604)
(1,198)
(4,469)
(1,897)

(2,604)
(2,937)
(4,469)
(4,986)

Effect of exchange rate changes on cash and cash equivalents
(103)
(77)
(381)
18

Net change in cash and cash equivalents
(5,592)
8,233
(23,638)
(23,140)
Cash and cash equivalents, beginning of period
15,675
14,814
33,721
46,187
Cash and cash equivalents, end of period
10,083
23,047
10,083
23,047

SOURCE Richelieu Hardware Ltd.

For further information: Richard Lord, President and Chief Executive Officer; Antoine Auclair, Vice-President and Chief Financial Officer, Tel: (514) 336-4144, http://www.richelieu.com

Poydras Gaming Finance Corp. Announces Debentureholder Approval of Amendments to Debentureholder Agreement

In Writing (all kinds) on January 7, 2016 at 3:00 AM

Allows Poydras to Proceed with its Acquisition of the Integrity Companies and Provides Additional Flexibility to Pursue Growth Strategy

MILL VALLEY, CA, July 2, 2015 /CNW/ – POYDRAS GAMING FINANCE CORP. (TSX-V: PYD) (“Poydras” or the “Company”) is pleased to announce that over 80% of the holders of its 11% Convertible Debentures (the “Debentures”), well above the required majority of 66 %, have approved the Proposed Amendments to the indenture governing the Debentures. This approval enables the Company to:

Proceed with the acquisition of the Integrity Companies, as originally announced on September 29, 2014 and as detailed in the Short Form Prospectus filed on SEDAR on June 24, 2015;
Modify the definitions of EBITDA and Equity to adjust for the negative covenant impact of several noncash and onetime charges related to the reverse takeover transaction in May 2014;
Clarify the definition of interest expense to exclude noncash expenses and other charges, and;
Postpone the positive covenant tests until Poydras has completed the acquisition of Integrity and the rollout of the Tonkawa placement agreement, allowing the Company to realize the benefits from the transactions and allowing the growth strategy to develop.
“The pending acquisition of the Integrity Companies, in addition to our agreement with the Tonkawa Tribe of Indians of Oklahoma, have provided us with a diversified financial base and a strong platform for growth in 2015 and beyond,” said Peter Macy, Chief Executive Officer of Poydras. “The increased financial flexibility provided by the Debentureholders’ approval has opened up access to additional capital needed to fund our growth.”

For additional information please see the SEDAR website at http://www.sedar.com.

About Poydras Gaming Finance Corp.:
Poydras Gaming is focused on leasing and financing gaming machines (such as slot machines) and related capital expenditures for existing casinos, new casino developments and gaming machine suppliers in the United States. It owns and finances slot machines including long-term lease contracts across six casinos in Oklahoma and a financing agreement with a gaming machine supplier based out of California. Additional information about the Company can be found on the SEDAR website at http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Poydras Gaming Finance Corp.

For further information: Robert Kelly, Investor Relations | TMX Equicom, T: 416.815.0700 ext. 253, E: rkelly@tmxequicom.com Or Peter Macy, CEO, Poydras Gaming Finance Corp., T: (604) 683-8393, E: info@poydrasgaming.com

SICO Paint unveils three simple steps to a beautiful, long-lasting deck

In Beauty, book reviews, Business, cars, Contact Information, Creative Writing, Culture, Disability, Education, Entertainment, Environment, Events, Health, Home Decor, Living, Media Writing, Movie Reviews, Music, Opinion, Pets, Radio Podcasts, Religion, Restaurant Reviews, Sports, Technology, travel, Uncategorized, Video Work, Writing (all kinds) on January 6, 2016 at 3:00 AM

No Stain, No Gain
SICO Paint unveils three simple steps to a beautiful, long-lasting deck

LONGUEUIL, Quebec, June 23, 2015 – It’s no secret that Canadians savour summer, sparing little expense to beautify their backyard living spaces after a harsh winter. When it comes to creating a long-lasting lavish outdoor décor, it all starts with a properly-stained and well-protected deck, according to leading paint brand SICO® paint.

“Outdoor living continues to be a strong trend as more and more people extend their indoor décor outside, adding everything from furniture to kitchens to accessories,” said Mathieu Hamel, assistant brand manager for Sico paint, a brand of PPG Architectural Coatings. “The richness of a wooden deck is a perfect backdrop for a stylish and welcoming outdoor space that will both provide a relaxing haven and wow your guests.”

Before embarking on a deck-staining project, however, Hamel cautioned that in order to protect your investment for the long term, it is important to adhere to a proper plan. He recommended following these three steps to guarantee professional-looking, enduring results:

1. Product and colour selection: Decide what look you would like to achieve. If the wood on your deck is worn and you want to hide it, but still keep its texture, a solid stain is the way to go. If you’d like both the wood grain and texture to show through, a semi-transparent stain or translucent wood finish is the product to use. When using a semi-transparent stain or translucent wood finish, remember that the type of wood used for your deck will affect the colour outcome. For example, a yellow-toned stain will look different on red cedar than on treated pinewood, which has a green tinge. Keep in mind that the wood hardness and porosity, as well as the amount of wood stain applied, may alter the colour as well, so test the stain on a small piece of the wood or in an inconspicuous area before starting.

2. Preparation: How you prepare the surfaces to be stained will make or break your project. Start by removing any wood fibres, dirt and contaminants from your deck using a high-quality exterior wood cleaner. Allow the wood to dry slightly, brush away loosened debris and rinse with a pressure washer. Next, tighten any loose screws, scrape away bits of flaking wood and sand all surfaces. For easy-to-follow, step-by-step instructions, Sico paint has launched a how-to video that walks homeowners through the entire staining process in just five minutes. Accessed at http://www.sico.ca, the video is full of tips on surface preparation and how to achieve best results when staining.

3. Application: To give your exterior wood maximum richness and depth, select a top-quality product, and know that less is more when it comes to applying stain. Never use more than two coats in order to ensure the stain adheres to the shape of the wood without cracking or peeling. Always use a brush instead of a roller, so you get into all the nooks and crannies of your deck. If you prefer to stand while staining, simply apply an extension pole to your brush. Always brush in the same direction as the wood grain, moving from unstained to stained wood. If more than one person is doing the staining, assign each person a separate section of the project to ensure consistency with technique and even colour application. When staining a deck, for example, have one person work on the main surface and another on the steps or vertical beams.

No matter how eager you are to be done, it’s important to wait the prescribed drying time, Hamel said. Typically, stains require up to 24 hours to dry in clear weather.
He emphasized that before starting any staining project, it is critical to carefully read the application instructions on the product being used.

Sico paint offers a broad range of staining products in a variety of colours and finishes, including Sico Solid Wood Stain, Sico Semi-transparent Wood Stain, Sico Translucent Wood Finish and Sico Semi-transparent Wood Protector.

To view the full selection of Sico paint products and stain colours, and learn more about choosing the right stain for your job, visit http://www.sico.ca.

####

To download photos, please visit media.sico.ca/en (Password: influence).

Sico is a brand of PPG Architectural Coatings, a business of PPG Industries, the world’s leading coatings company.

SICO® Paint
Since 1937, the Sico brand has provided Canadian DIY consumers a complete line of high-quality interior and exterior paints. The brand is recognized as the market leader and can be found on the shelves of RONA® stores as well as other retailers. Developed with professional painters in mind, the brand also offers SICO EXPERT™ paint, a specialized line sold exclusively to the painter’s market.

About PPG Architectural Coatings
PPG Architectural Coatings, U.S. and Canada, is an industry leader in residential and commercial coatings, delivering the latest technologies and operational advancements through its strong portfolio of brands. It is a business of PPG Industries, the world’s leading coatings company, and manufactures and sells interior and exterior paints, stains, caulks, repair products, adhesives and sealants for homeowners and professionals. Its distribution network includes more than 15,000 touchpoints through company-owned stores, independent dealer locations and all major home improvement centers across the U.S. and Canada. For more information, visit PPGAC.com.

PPG: BRINGING INNOVATION TO THE SURFACE.TM
PPG Industries’ vision is to be the world’s leading coatings company by consistently delivering high-quality, innovative and sustainable solutions that customers trust to protect and beautify their products and surroundings. Through leadership in innovation, sustainability and color, PPG provides added value to customers in construction, consumer products, industrial and transportation markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 70 countries around the world. Reported net sales in 2014 were $15.4 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit http://www.ppg.com and follow @PPGIndustries on Twitter.

Sico is a registered trademark of the PPG Group of Companies.
Sico Expert is a trademark of PPG Architectural Finishes, Inc.
Bringing innovation to the surface is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.
Rona is a registered trademark of Rona Inc.

Sico Photo 1

The richness of a wooden deck is an ideal backdrop for a stylish outdoor space. A dark brown stain, such as Mountain Shelter (1713-503) by SICO® paint, pictured on the base of this deck, coordinates well with light grey siding.

Sico Photo 2

SICO® paint offers a broad range of staining products in a variety of colours and finishes, including Sico Solid Wood Stain, Sico Semi-transparent Wood Stain, Sico Translucent Wood Finish and Sico Semi-transparent Wood Protector.

Gail Bergman
Gail Bergman PR
Tel: (905) 886-1340
Fax: (905) 764-8400
Email: gbergman@gailbergmanpr.com
http://www.gailbergmanpr.com

Gail Bergman PR is a division of Progressive Marketing Innovations Ltd.

Top Mistakes People Make When Choosing Paint Colour: Dulux Paints

In Beauty, book reviews, Business, cars, Contact Information, Creative Writing, Culture, Disability, Education, Entertainment, Environment, Events, Health, Home Decor, Living, Media Writing, Movie Reviews, Music, Opinion, Pets, Radio Podcasts, Religion, Restaurant Reviews, Sports, Technology, travel, Uncategorized, Video Work, Writing (all kinds) on January 5, 2016 at 3:00 AM

TORONTO, June 11, 2015 – Does the thought of choosing a paint colour turn you yellow with fear? You’re not alone, according to leading paint brand Dulux Paints. Feedback from employees at the brand’s 250 stores across the country indicates that paint colour selection is the biggest challenge consumers face when undertaking a paint project.

“When it comes to paint colour, many people are so afraid of change that they end up sticking with the same colours for years,” said Martin Tustin-Fuchs, brand manager, Dulux Paints. “Yet, all they often need is a bit of guidance to get out of their colour rut and adopt a more current look for their living spaces.”

According to Dulux Paints, here are the top five mistakes people make when choosing paint colour and how to avoid them:

1. Choosing a paint colour out of context. Contrary to popular belief, taping a small swatch to a wall won’t help you choose the right colour for your room. Instead, examine paint chips against furniture, rugs, accessories, countertops and other items in the room, making sure to test the colours in direct, indirect and artificial light at all times of day.

2. Playing it safe with neutrals. Neutral paint colours tend to be a popular choice, yet there are times when a more saturated colour may bring out the best in a room. A good way to introduce some colour to your walls is to apply the “new neutrals” – whites, beiges or greys that are infused with a small amount of colour such as lilac, sage or blue. Choose new-trend neutrals that coordinate well with your furniture or a favourite accessory. You can also take a neutral room up a notch by painting an accent wall a deeper shade of the wall colour or a more vibrant, coordinating colour.

3. Going with the same old, same old. Just like an old pair of jeans or out-of-date hairstyle, it’s easy to get comfortable in your room’s décor. Take a step back, really examine your space and ask: What year is this room stuck in? If the answer dates back at least a decade, it might be time for a change. Adding colour with paint is one of the easiest and most inexpensive ways to update a space. You’ll be surprised how a fresh coat of paint will make your furniture and accessories look newer.

4. Fear of using more than one colour. There’s no reason to use only one paint colour on the walls of a room. In fact, using two or even three shades can turn a room from ordinary to extraordinary. A good rule of thumb is to use a base colour in about two-thirds of the room and introduce other colours in smaller quantities. To achieve an elegant, relaxing feel, try a monochromatic colour scheme, with one main colour supported by others from the same colour family. For a harmonious effect, combine colours located beside each other on the colour wheel. To create a dynamic look, choose complementary colours found directly across from one another on the wheel.

5. Failing to consider a room’s function. Will you be playing, sleeping, eating or relaxing in the space to be painted? Make sure you choose your colour accordingly. Yellow, red and orange, as well as soft grey, violet, blue and green, are known to be more conducive to appetite-building, entertaining and conversation, making them good choices for the kitchen and any main-floor living space. Bright red will energize and stimulate kids in a playroom, while cooler blues have a calming, serene effect ideal for a bedroom. Golden yellows and warm apricots tend to flatter any skin tone in a bathroom.

Still not sure what colours to choose? Get inspiration from Dulux Paints’ palette of hot colours for 2015, including Ruby Ring (09YR 11/475) red, Red Badge (30YR 21/505) orange, Golden Harvest (20YY 28/613) yellow, Southern Forest (30GG 33/275) green, Blazer Blue (43BB 09/340) blue, Nostalgic (70RB 11/196) violet or Heron Grey (20YY 37/094) warm neutral.

You can also experiment with different colours using the Dulux Paints Colour Visualizer online at http://www.dulux.ca. The tool enables users to virtually paint sample rooms or use their own uploaded photos to explore colour combinations before picking up a paintbrush. Visitors to the website can also upload photos of their favourite sites or vacation spots, and the software will help recreate the feeling of the image in a room by suggesting a paint palette based on the colours in the photo.

“A change of wall colour is the best and most economical decorating tool out there,” Tustin-Fuchs said. “If your room is stuck in the 1990s, you can bring it forward to 2015 just by swapping out pastel peach and moss green for a more modern palette such as turquoise blue with lime green accents. With paint, the possibilities are endless.”

# # #

About DULUX® Paints
You will find Dulux paints in 250 company-owned Dulux Paints and BÉTONEL® paint stores across Canada serving the consumer and professional markets. In addition, within the province of Quebec, the strong regional Bétonel brand is combined with the Dulux brand to form 70 Bétonel / Dulux Paints stores. No matter where the Dulux brand is sold in Canada, it offers an extensive portfolio of high-quality products and services to the marketplace.

About PPG Architectural Coatings
PPG Architectural Coatings, U.S. and Canada, is an industry leader in residential and commercial coatings, delivering the latest technologies and operational advancements through its strong portfolio of brands. It is a business of PPG Industries, the world’s leading coatings company, and manufactures and sells interior and exterior paints, stains, caulks, repair products, adhesives and sealants for homeowners and professionals. Its distribution network includes more than 15,000 touchpoints through company-owned stores, independent dealer locations and all major home improvement centers across the U.S. and Canada. For more information, visit PPGAC.com.

PPG: BRINGING INNOVATION TO THE SURFACE.™
PPG Industries’ vision is to be the world’s leading coatings company by consistently delivering high-quality, innovative and sustainable solutions that customers trust to protect and beautify their products and surroundings. Through leadership in innovation, sustainability and color, PPG provides added value to customers in construction, consumer products, industrial and transportation markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 70 countries around the world. Reported net sales in 2014 were $15.4 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit http://www.ppg.com and follow @PPGIndustries on Twitter.

The Multi-Coloured Swatches Design is a trademark of PPG Architectural Finishes, Inc. The PPG Logo is a registered trademark and Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc. Bétonel is a registered trademark of the PPG Group of Companies. Dulux is a registered trademark of AkzoNobel and is licensed to PPG Architectural Coatings Canada, Inc., for use in Canada only. © 2015 PPG Industries, Inc. All Rights Reserved.

–1506DULUXTopPaintColourMistakes–

Photo captions

Dulux Photo 1
Adding colour with paint – such as Dulux Paints’ Ruby Ring (09YR 11/475) red – is one of the easiest ways to update a space and make furniture and accessories look newer.

Dulux Photo 2
A good way to introduce colour to your walls is to apply a neutral tone infused with a small amount of colour such as lilac or light blue, as pictured on the walls of this sitting area featuring Dulux Paints’ Margate Blue (30BB 46/086).

Dulux Photo 3
Consider a room’s function when choosing paint. Cool tones – such as Nostalgic (70RB 11/196) violet by Dulux Paints – have a calming effect, ideal for a bedroom.

Gail Bergman
Gail Bergman PR
Tel: (905) 886-1340
Fax: (905) 764-8400
Email: gbergman@gailbergmanpr.com
http://www.gailbergmanpr.com

Gail Bergman PR is a division of Progressive Marketing Innovations Ltd.

Safety in a Car to Minimize Crime

In Writing (all kinds) on January 4, 2016 at 10:48 PM

Today I was driving back from the grocery store and there was this car in front of me that looked suspicious. I could sense that it was tracking me. I even had to do something to avoid it from following me. But, I’m old and have worked in the criminal courts. I know what can happen if you’re not careful.

What happens to young people who are out there driving or on the road be it on a subway and they suspect danger – how can they – what can they can do to avoid it from happening before it happens? Yes, young people are important, but any kind of people – of all ages – right up to 150!

Anyone have any ideas out there of an invention that could be created to put in a car or on your person where you could call for help when a cell phone cannot be used? If you know of something – please tell me. If it hasn’t been invented yet – invent it! I would buy it.

ZODIAC SIGNS PREDICTIONS FOR THE WEEK 4TH JAN – 10TH JAN 2016

In Writing (all kinds) on January 4, 2016 at 3:00 AM

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Aries ( 21 March – 19 April ) – You will have plenty of opportunities this week to make progress in your career. Prove to your bosses that you are the person for the job and make your mark in the industry by successfully being the leader that people want to listen to and follow. You will get your finances in good order. The period could end on a difficult note in relationship. Do not chase new romance. There will be high aggression at times or even tempers flaring, so try to stay clear of any conflicts. Favorable Date : Jan  8 Favorable Colors : Blue & White.

Taurus ( 20 April – 20 May ) – You will have a very good week professionally as stars are together working to bring you success through your hard work. If you have decided to succeed then there is nothing stopping you right now. Keep your goals practical. The period will also bring some wonderful news regarding your salary, money and worth. You should be feeling better with your love life and looking to really commit to one person or deciding who it is that you want to pursue. If you are single and looking for love, this is an ideal time. Favorable Date : Jan  6 Favorable Colors : Red & White.

Gemini ( 21 May – 20 June ) – If you have been considering opening up a new business plan you should get help from the right people regarding finances and sound professional advice. This is also a time for a lot of quick flings as well, so make sure that you are prepared for that. You are looking more attractive to the opposite sex than ever before. People will pay attention to you this week for love so take advantage of it. Romantically this is an excellent time, although the emphasis is more likely to be on cuddles than passion Favorable Date : Jan  5 Favorable Colors : Yellow & Red. Read the rest of this entry »

Jean-Pierre Blais at the annual convention of the Association québécoise de la production médiatique‏

In Writing (all kinds) on January 4, 2016 at 3:00 AM

Montebello, Quebec
May 8, 2015

Jean-Pierre Blais, Chairman
Canadian Radio-television and Telecommunications Commission

Check against delivery

Thank you for welcoming me here today to talk about the issues that matter to us and are defining the future of the television industry.

We find ourselves at a time when TV content has never been as abundant. Supported by technology that continues to amaze us every day, the world of television is transforming rapidly. Competition has flourished, and comes from all over the world. As producers, your competition is worldwide. Read the rest of this entry »

CRTC releases 2014 financial results for Canadian local television stations‏

In Writing (all kinds) on January 3, 2016 at 3:00 AM

May 4, 2015 – Ottawa – Gatineau – Canadian Radio-television and Telecommunications Commission (CRTC)

The Canadian Radio-television and Telecommunications Commission (CRTC) today released statistical and financial information on Canadian local television stations for the broadcast year that ended August 31, 2014.

In 2014, private stations invested $619.3 million in the creation of programs made by Canadians, including local news and drama series, and employed over 5,900 people. The Canadian Broadcasting Corporation/Société Radio-Canada (CBC/SRC) invested an additional $789.8 million in this type of content. In total, local television stations spent more than $1.4 billion to fund the creation of new Canadian programs for viewers. Read the rest of this entry »

Nominate a Neighbourhood Space in Need of a Colour Infusion Fast-growing DULUX Paints brand aiming to brighten up Canadian communities in celebration of 250thstore opening

In Writing (all kinds) on January 2, 2016 at 3:00 AM

TORONTO, April 20, 2015 – In celebration of its 250th store opening in Canada, leading retail brand DULUX® Paints is infusing Canadian communities with colour. If you know of a non-profit organization with space that could use a lift, Dulux Paints is looking for your suggestions.

This year, Dulux Paints stores nationwide are donating paint and volunteers to help beautify 25 buildings from coast to coast, with the aim of making a positive impact on the people who pass through the organizations’ doors and on communities as a whole.

“Our plan is ultimately to impact every community where we have a presence across the country through an infusion of colour,” said Martin Tustin-Fuchs, brand manager for Dulux Paints, explaining that giving back is core to the brand’s philosophy and the neighbourhood focus of each Dulux Paints store. “We’re encouraging the public to nominate buildings of charities, non-profit organizations or other community groups in need of renewal anywhere in Canada, and from those we’re aiming to transform the 25 in greatest need.” Read the rest of this entry »

Le Canada vendra ses actions ordinaires de GM

In Writing (all kinds) on January 1, 2016 at 3:00 AM

TORONTO, le 6 avril 2015 /CNW/ — La Corporation d’investissement GEN du Canada (GEN), une société d’État fédérale canadienne, a annoncé aujourd’hui qu’elle a conclu une entente selon laquelle elle vendra 73 389 831 des actions ordinaires de la General Motors Company (GM) qu’elle détient actuellement à Goldman, Sachs & Co, dans une opération non inscrite visant un bloc de titres. Cette vente sera réalisée le 10 Avril 2015.

On fournira de plus amples détails sur la vente d’actions lorsque GEN la déclarera aux organismes de réglementation des valeurs mobilières du Canada et des États-Unis, dans les prochains jours.

GEN, une filiale en propriété exclusive de la Corporation de développement des investissements du Canada(www.cdev.gc.ca), détient la participation du Canada dans GM. À la suite de la vente, GEN se sera départie de la totalité des actions ordinaires de GM qu’elle détenait.

Les recettes de la vente sont libellées en dollars américains et seront graduellement converties en monnaie canadienne par le gouvernement sur une période de temps.

____________________________________
Pour plus de renseignements, les médias peuvent communiquer avec:

Stéphanie Rubec
Relations avec les médias
Ministère des Finances
Gouvernement du Canada
613-369-4000

 

SOURCE Canada GEN Investment Corporation

Happy Birthday David Seto!

In Writing (all kinds) on January 1, 2016 at 3:00 AM

Have a fantastic day!

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