Promotion for Homecoming Dresses Launched by Well-known Supplier Tidetells.com Aug 27, 2014 04:55AM

(PRWEB) August 27, 2014

Tidetells.com, a well-known wedding dress manufacturer and retailer, has unveiled its new range of cheap homecoming dresses recently. This morning, the company's sales representative has announced that all these products are offered at discounted prices, up to 80% off. This sale will last until October 29, 2014.

All the cheap homecoming dresses from Tidetells.com are graceful. The company has been working on the manufacture and retail of women's special occasion gowns for decades. It wants to help ladies worldwide get their dream dresses and save money at the same time. All its members are trying their best to make the most beautiful items.

Owing to its hard work, Tidetells.com has been one of the leading dress suppliers in the current market. The firm attributes its success to the support of old and new clients. Thus, its major officials made the decision to launch the current special offer.

The best-selling item in the company's new assortment is named New Arrival Illusion Mint Full-Length A-line Princess Homecoming DressesTTHD-30001; here are some detailed information about it:

   •  Back Details: Backless
   •  Body Shape: All sizes
   •  Embellishment: Button, Lace Covered Bodice,
   •  Hemline: Floor-length
   •  Neckline: Illusion Scoop, Straps
   •  Season: Fall, Spring, Winter
   •  Silhouette: A-line, Princess
   •  Sleeve Length: Sleeveless
   •  Style: Elegant, Glamours
   •  Train: Court
   •  Waist: Nature
   •  Wedding Venues: Prom, Homecoming, Party
   •  Fabric: Tulle

About Tidetells.com
Tidetells.com is an outstanding dress company. The company's purpose is to make women more beautiful by offering stylish women's special occasion dresses at affordable prices. It has plenty of happy customers from every part of the world. It is renowned for good customer service, high-quality, fast delivery and competitive prices.

To learn more about their newest collection of women's dresses, please visit http://www.tidetells.com/collections/homecoming-dresses.

Read the full story at http://www.prweb.com/releases/2014/08/prweb12124677.htm


Eltek reports second quarter financial results Aug 27, 2014 04:47AM

PETACH-TIKVA, Israel, Aug. 27, 2014 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), the leading Israeli manufacturer of advanced circuitry solutions, including complex build ups of rigid and flex-rigid printed circuit boards, announced today its financial results for the quarter ended June 30, 2014.

Revenues for the quarter ended June 30, 2014 were $12 million compared to revenues of $12.4 million in the second quarter of 2013. 

Gross Profit for the second quarter of 2014 was $1.7 million (13.9% of revenues) compared to gross profit of $2.1 million (17% of revenues) in the second quarter of 2013.

Operating loss for the second quarter of 2014 was $65,000 compared to the operating profit of $491,000 in the second quarter of 2013.

Net loss for second quarter of 2014 was $125,000 or $0.01 per fully diluted share compared to net profit of $339,000 or $0.05 per fully diluted share in the second quarter of 2013.

First six months of 2014:

Revenues for the first six months of 2014 were $24.3 million compared to revenues of $24.8 million recorded in the first six months of 2013. 

Gross profit for the first six months of 2014 was $3.2 million (13.1% of revenues) compared to gross profit of $3.9 million (15.9% of revenues) in the first six months of 2013.

Operating loss for the first six months of 2013 was $186,000 compared to the operating profit of $721,000 in the first six months of 2013.

Net loss for the first six months of 2014 was $312,000 or $0.03 per fully diluted share, compared to net profit of $465,000, or $0.07 per fully diluted share, in the first six months of 2013.

EBITDA:

In the quarter ended June 30, 2014, Eltek had EBITDA of $480,000 compared to EBITDA of $932,000 in the second quarter of 2013.

In the first six months of 2014, Eltek had EBITDA of $834,000 compared to EBITDA of $1.5 million in the first six months of 2013.

Management Comments:

Mr. Yitzhak Nissan, Chairman of the Board, stated: "The decrease in our operating results was primarily attributable to a decline in orders, mainly for a key project, and the weakness of the U.S. dollar, as the exchange rate of the dollar compared to the NIS in the second quarter of 2014 was 6.6% lower than in the comparable period in 2013. We have implemented several important changes to our operations in order to improve our performance. We have lowered our costs by reorganizing the Company's management structure.  We are doing this by redefining areas of management responsibilities, thus creating increased flexibility to timely meet market demands. We believe that we have a clear technological edge, which along with the steps that we are taking will allow us to better compete and offer our customers highly sophisticated products at competitive prices."

Mr. Nissan added: "The Company's costs structure and aging equipment have limited our ability to provide competitive prices. We are making good progress in upgrading our production lines. The new equipment and the cost reduction plan, including renegotiation of raw material prices, along with the operating efficiency steps we are implementing, will enhance our competitive abilities, although we expect that the re-organization and management downsizing will require us to record one-time expenses of approximately $400,000 in the third quarter."

"As previously reported, Mr. Reichart, who has been the Company's CEO for 22 years, has stepped down and Mr. Roberto Tulman has assumed the position of interim CEO. I want to take this opportunity to thank Mr. Reichart for his long service and noteworthy achievements as the Company's CEO, and wish Mr. Tulman good-luck in fulfilling this position," Mr. Nissan concluded.

About EltekEltek is Israel's leading manufacturer of printed circuit boards, the core circuitry of most electronic devices. It specializes in the complex high-end of PCB manufacturing, i.e., HDI, multilayered and flex-rigid boards. Eltek's technologically advanced circuitry solutions are used in today's increasingly sophisticated and compact electronic products. For more information, visit Eltek's web site at www.eltekglobal.com.

Use of EBITDAELTEK uses EBITDA as a non-GAAP financial performance measurement. EBITDA is calculated by adding back to net income interest, taxes, depreciation and amortization. EBITDA is provided to investors to complement results provided in accordance with GAAP, as management believes the measure helps illustrate underlying operating trends in the Company's business and uses the measure to establish internal budgets and goals, manage the business and evaluate performance. EBITDA should not be considered in isolation or as a substitute for comparable measures calculated and presented in accordance with GAAP. Reconciliation between the company's results on a GAAP and non-GAAP basis is provided in a table immediately following the Consolidated Statement of Operations.

Forward Looking Statement: Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to statements regarding expected results in future quarters, risks in product and technology development and rapid technological change, product demand, the impact of competitive products and pricing, market acceptance, the sales cycle, changing economic conditions and other risk factors detailed in the Company's Annual Report on Form 20-F and other filings with the United States Securities and Exchange Commission.

 

Eltek Ltd.

Consolidated Statements of Operations

(In thousands US$, except per share data)

Three months ended

Six months ended

June  30,

June  30,

2014

2013

2014

2013

Revenues

12,031

12,350

24,294

24,803

Costs of revenues

(10,355)

(10,256)

(21,107)

(20,920)

Gross profit

1,676

2,094

3,187

3,882

Selling, general and administrative expenses

(1,742)

(1,603)

(3,373)

(3,161)

Operating profit (loss)

(65)

491

(186)

721

Financial income (expenses), net

(117)

(144)

(185)

(244)

Profit (loss) before other income, net

(182)

347

(372)

477

Other income, net

22

(7)

22

(10)

Profit (loss) before income tax expenses

(161)

340

(350)

466

Income tax (expenses), net

(23)

(9)

(41)

(18)

Net Profit (loss)

(184)

331

(391)

448

Net profit (loss) attributable to non controlling interest

(58)

(8)

(79)

(17)

Net Profit (loss) attributable to Eltek Ltd.

(125)

339

(312)

465

Earnings per share

Basic and diluted net gain (loss) per ordinary share

(0.01)

0.05

(0.03)

0.07

Weighted average number of ordinary shares 

used to compute basic and diluted net gain (loss) per

ordinary share (in thousands)

10,143

6,610

10,143

6,610

 

Eltek Ltd. 

Consolidated Balance Sheets

(In thousands US$)

June  30,

2014

2013

Assets

Current assets

Cash and cash equivalents

1,237

829

Receivables:   Trade, net of provision for doubtful accounts

8,773

9,583

                     Other

408

325

Inventories 

5,635

5,647

Prepaid expenses 

243

262

Total current assets

16,296

16,646

Deferred taxes

2,891

0

Assets held for employees' severance benefits

55

49

Fixed assets, less accumulated depreciation

10,326

9,585

Goodwill

72

74

Total assets

29,640

26,354

Liabilities and Shareholder's equity

Current liabilities

Short-term credit and current maturities of long-term debts

2,012

4,813

Accounts payable: Trade

7,319

7,158

                            Related parties

-

1,523

                            Other

5,742

4,967

Total current liabilities

15,073

18,461

Long-term liabilities

Long term debt, excluding current maturities

1,125

1,563

Employee severance benefits

375

193

Total long-term liabilities

1,500

1,756

Equity

Ordinary shares, NIS 0.6  par value authorized 50,000,000 shares, issued and outstanding 6,610,107 in 2013 and 10,142,762 in 2014

1,985

1,384

Additional paid-in capital

17,270

14,328

Cumulative foreign currency translation adjustments

3,299

2,997

Capital reserve

695

695

Accumulated deficit

(10,197)

(13,370)

Shareholders' equity

13,052

6,034

Non controlling interest

15

103

Total equity

13,067

6,137

Total liabilities and shareholders' equity

29,640

26,354

 

Eltek Ltd.

Unaudited Non-GAAP EBITDA Reconciliations

(In thousands US$, except per share data)

Non-GAAP EBITDA Reconciliations

Three months ended

Six months ended

June  30,

June  30,

2014

2013

2014

2013

GAAP net Income (loss)

(125)

339

(312)

465

Add back items:

Financial (income) expenses, net 

117

143

185

244

Income tax (benefit) expense

23

9

41

18

Depreciation and amortization

465

441

920

818

Adjusted EBITDA            

480

932

834

1,546

 

Investor Contact: Amnon Shemer Chief Financial Officer amnons@eltek.co.il +972-3-9395050         

SOURCE Eltek Ltd.


Housing Data Building Up To A Positive Week Aug 27, 2014 04:35AM

Chicago, IL (PRWEB) August 27, 2014

Lenders like Peoples Home Equity were disappointed on Monday, August 25th to see new home sales decline for the 2nd consecutive month in July. However, the negative housing data did not wane for long as on Tuesday, August 26th, the Federal Housing Finance Agency (FHFA) House Price Index grew for the 2nd consecutive month in June. Also, another positive housing announcement on Tuesday was the S&P/Case-Shiller Home Price Indices readings which showed growth in June among its 3 main composite indices.

Monday's new home sales report showed a disappointing -2.4% decline from June. This fall in sales implies that fewer existing homeowners are trading up for a new home. Less existing homes listed for sale means less used home inventory on the market. Since the market is dealing with an inventory shortage, lenders and analysts alike were looking for new home sales to rise, preferably a lot, so that that the possibility of more housing inventory increases. However, there were two points from the U.S. Census Bureau report that were uplifting. First is that while new home sales decline, new home inventory increased 4.1%. Second, new home sales for June were revised up from 406k to 422k, which means sales only fell -7% rather than -10.5% from May to June.

After the lackluster new home sales report Tuesday's data was stirring. The FHFA announced that its home price index increase by 0.4% in June. As shown on TradingEconomics.com this percentage increase was higher than the forecasted 0.24% rise.

Also on Tuesday, S&P/Case-Shiller released the results of their June home price indices. Among its main indices, S&P/Case-Shiller showed a 0.96% rise in its 20-City composite, a 0.97% rise in its 10-City composite, and a 0.90% rise in its national composite. The best performing city for June was New York at 1.58%. The best performing area year-to-date is San Francisco at 8.18%. Meanwhile Phoenix is showing a tougher time recovering as its index is up only 1.68% year-to-date. Peoples Home Equity believes Phoenix is showing a great value market while San Francisco is showing growth.

While the week began disappointing regarding new home sales, week-to-date the market is looking good again given positive news from multiple price indices. Lenders will now be waiting to see Wednesday morning's weekly mortgage application survey results.

Contact a Peoples Home Equity loan officer today at: 262-563-4026.

Read the full story at http://www.prweb.com/releases/2014/08/prweb12124717.htm


Adult Pureed Food Line, Smoothe Foods, Can Now Be Purchased on CWI Medical's Website, http://www.cwimedical.com, A Full-Line Medical & Healthcare Supplier Aug 27, 2014 04:34AM

Huntington, NY (PRWEB) August 27, 2014

As part of its 2014 plan to continue expanding nationwide, Smoothe Foods now announces that its products will be offered on CWI Medical's website, (http://www.cwimedical.com). CWI Medical is based out of Farmingdale, NY, and works with healthcare solution providers to supply medical and healthcare products, as well as equipment. They are dedicated to meet the needs of Caregivers and their loved ones.

Smoothe Foods offers soft, pureed foods to the healthcare industry and to private consumers, who seek meals with quality nutritional content and taste. In addition, the meals are optimal for those with dysphagia, or difficulty swallowing; chewing sensitivities; impairments; eating disorders; as well as those with illnesses, such as cancer, Alzheimer's, Parkinson's, strokes, and more.

"Our meals are perfect for individuals living at home or in a facility, who want to maintain their independence but are unable to eat solid foods for fear of potential choking episodes," said Karen Betz. "And, on that note, our meals are perfect for anyone wanting quality taste without extensive fillers that are found in many soft and pureed food products on the market these days. As one with experience with a parent with dysphagia myself, I find that it's reassuring to know we can offer a line of great tasting foods to encourage people to eat. Nowadays, malnutrition, especially among those with health impairments, is a main contributor towards early hospitalizations and other complications."

Smoothe Foods offers bulk order services, as well as home delivery services. Their new menu includes three bean chili, frittata, spinach lasagna, Swedish meatballs, and more. Each meal is crafted with real food tastes in mind. Customers can also enjoy the kosher rating, as well as variety packs that contain 24 six-ounce frozen vegetarian meals.

"By working with CWI Medical," said Betz, "we are opening ourselves up to new markets, and introducing ourselves to industries that can benefit from our products. In my experience, I've worked with anywhere from nursing facilities to the average person who needs a quick and easy pureed meal. I'm a huge fan of our line of foods, and my new personal favorite is the Swedish Meatballs."

For more information about Smoothe Foods and its partnerships, visit http://www.smoothefoods.com.

About Smoothe Foods
Smoothe Foods is a line of soft and pureed menu items that are nutritious and great tasting. The company ships nationwide, and focuses on providing gourmet meals to help ensure those with special dietary needs have a delicious option and variety. We offer a small, select menu which new additions every 6 months with a focus on taste.

For more information, visit http://www.smoothefoods.com, or call (631) 424-4005 or email info(at)smoothefoods(dot)com.

Read the full story at http://www.prweb.com/releases/2014/08/prweb12119282.htm


Rick Otton Shares Secret To Getting Affordable Terms On A Property For Sale Aug 27, 2014 04:31AM

(PRWEB) August 27, 2014

Latest data from the Office of National Statistics revealed that first home buyers paid 12 per cent more for the properties they bought this year, compared to those people who bought properties in 2013, the Money Observer reported on 20 August 2014.

In light of this property news, Rick Otton, a well-respected property coach in the UK, discusses how flexible terms can help first home buyers and novice property investors create affordable terms when market conditions are working against them.

"As of June 2014, an average cost of buying a home for first home buyers is at £204,000 - a 12 per cent jump from last year's average and 0.7 per cent higher than the annual house price increase of 11.3 percent. Many property analysts are afraid that if first home buyers would continue to pay more compared to other market demographics, many aspiring home owners or property investors would be locked out of the real estate market," according to Mr. Otton.

"I've always explained to my students that affordability is not just about the price you pay, but how you pay for the price. Currently, many people are struggling to enter the market because high home values usually require larger deposits," he discussed.

Mr. Otton further explained in a recent interview for RickOtton.co.uk that the UK real estate industry should start shifting their mindset into a less rigid process for buying and selling houses to encourage more people to buy home.

"The industry should have to face the fact that the same conditions which made old strategies very successful in the past are no longer here, which is why we should start applying alternative and creative property strategies that provide more responsive solutions to modern property complications. For instance, rather than take out a new bank loan, a more practical solution for homebuyers is to assume the existing loan of a property and negotiate to pay the remaining equity in increments. In that way, buyers may be able to minimise upfront costs, which make the whole buying process more convenient. Sellers, on the other hand, will be able to move away from unwanted debt and create a passive income stream at the same time," according to Mr. Otton.

Visit http://www.rickotton.co.uk/ today to get more information about creative seller finance strategies and how these strategies can be applied in changing market conditions.

About Rick Otton

Rick Otton is a property investment professional who, over the last 23 years, has introduced innovative real estate strategies to the UK, Australian and the United States. His creative 'low-risk, high-reward' approach to buying and selling houses is exemplified in his own business, We Buy Houses.

This year marks the 10 year anniversary of Mr Otton introducing his strategies to the UK, and the 5 year anniversary of his innovative 'Buy A House For A Pound' process – one that attempted to be emulated by others. His constant process of strategy refinement, and adapting to the ever-changing real estate market, continues to place him at the forefront of property investment education.

In 2012 Rick Otton published his Australian book 'How To Buy A House For A Dollar' which was named in the list of Top 10 Most Popular Finance Titles for 2013. A UK version is on the drawing board for publication in 2014.

Mr Otton freely shares insights into his non-bank-loan strategies that have allowed everyday UK men and women to beat the rental cycle and have their own homes. He coaches others on how to build profitable businesses by facilitating transactions that focus on the needs of potential buyers and motivated sellers.

Read the full story at http://www.prweb.com/releases/rick-otton-strategies/uk-property-market/prweb12124737.htm


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