Volaris Reports Third Quarter 2014 Net Profits and Net Margin Expansion on Improving Non-Ticket Revenues per Passenger Oct 22, 2014 10:34PM

MEXICO CITY, Oct. 22, 2014 /PRNewswire/ -- Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico and the United States, today announced its financial results for the third quarter 2014.

Third Quarter 2014 Highlights Performance in a Recovering Fare Environment with Capacity Discipline

The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). Unless otherwise stated, all comparisons with prior periods refer to the third quarter of 2013.

  • Total operating revenues were Ps.3,995 million for the third quarter, an increase of 7% as compared to last year as a result of record non-ticket revenue per passenger.
  • Non-ticket revenues increased 48% as compared to last year, reaching Ps.742 million. Non-ticket revenue per passenger increased 44%, reaching Ps.281 (US$21), continuing with product unbundling and customer acceptance.
  • Total operating revenue per available seat mile (TRASM) increased to Ps.127.6 cents (US$9.5 cents), a 1% increase as compared to last year.
  • Operating expenses per available seat mile (CASM) increased 2% as compared to last year, reaching Ps.116.0 cents (US$8.6cents). CASM expressed in US cents decreased 2% for the quarter year over year.
  • Adjusted EBITDAR was Ps.1,085 million, a 7% increase year over year with an Adjusted EBITDAR margin of 27.2%.
  • Net income reached Ps.347 million, a 37% increase year over year and net margin of 9%, a net margin improvement of 2 percentage points. (Ps.0.34 per share / US$0.26 per ADS).

Volaris CEO Enrique Beltranena commented: "After navigating difficult challenges in the last twelve months, we are reporting net profits and net margin expansion, along with improved financial and operating results. We continued managing capacity for profitability in a disciplined way. While the Mexican economy has been gradually regaining growth, and the Mexican air travel market has seen slight improvements in the peak travel season, our financial and operating results begin to demonstrate recovered performance and the long term value creation potential of our business model. Third quarter highlights include expanding net margins, on the back of record non-ticket revenue per passenger, and continued cost control discipline. We have experienced tailwinds in fuel costs with the recent drop in oil prices and we would expect this benefit for our ULCC model to continue in the short term."

Improving Macroeconomic Environment with the challenge of Hurricane Odile

  • The Mexican macroeconomic environment:
    • GDP growth estimates for the full year are 2.5%, according to the September 2014 Mexican Central Bank survey.
    • Consumer confidence decreased 2.4% year over year in September of 2014.
    • The Mexican General Economic Activity Indicator (IGAE) increased 2.5% in July of 2014 compared to the same period in 2013.
  • Exchange rate factors: The Mexican peso depreciated 2% year over year against the US dollar, as the exchange rate devalued from an average of Ps.12.91 pesos per US dollar in the third quarter of 2013 to Ps.13.11 pesos per US dollar during the third quarter of 2014.
  • Lower fuel prices: The average economic fuel cost per gallon decreased 1% year over year in the third quarter of 2014.
  • Hurricane Odile: In September 2014, as a result of adverse weather conditions and airport shutdowns in connection with Hurricane "Odile", Volaris canceled 40 flights to San Jose del Cabo and La Paz, representing 0.5% of the total capacity for the month. Volaris worked in coordination with the federal, state, and local authorities to assist people who were stranded, transporting more than 7,000 passengers on 96 humanitarian aid flights.

Volaris ULCC Model Performs Well in a Recovering Market Environment

  • Unit revenue improvement: Year over year TRASM increased 1%, with signs of yield stabilization.
  • Focused on international growth and domestic capacity discipline: Domestic market capacity grew only 3%, reflecting capacity discipline and supporting yield recovery, while international market capacity increased 18%, responding to a stronger fare environment.
  • Non-ticket revenues growth: Non-ticket revenues excluding cargo per passenger increased 58% year over year. Our non-ticket revenues strategy continued to advance as we expanded the ancillary services selection, introduced revenue management techniques on some services and our customers gained a deeper understanding and appreciation of the unbundled service offerings.
  • Air traffic volume increase: The DGAC (Direccion General de Aeronautica Civil) reported an overall passenger increase for Mexican carriers of 9.5% for the first eight months of 2014 and Volaris market share among Mexican carriers remained at 23.2% in both domestic and international markets, the second largest among them.
  • New routes and operations launch: During the third quarter, Volaris opened nine new point-to-point routes (seven domestic and two international), focusing on our VFR customer base both in the domestic and the Mexico-US market, and improving our presence in Monterrey.

Third Quarter Operating Revenues: Key Revenue Metrics Demonstrate Signs of Recovery as Non-Ticket Revenues Expand

Volaris booked 2.6 million passengers in the third quarter 2014. This equates to a 3% growth rate in the third quarter 2014 as compared to the third quarter 2013.

Volaris traffic (measured in terms of revenue passenger miles, or RPMs) increased 2% in the third quarter 2014 year over year.

For the third quarter 2014, Volaris' total operating revenues were Ps.3,995 million, an increase of 7% year over year. Average fare decreased 2% year over year in the third quarter 2014.

During the third quarter 2014, our non-ticket revenues and non-ticket revenue per passenger reached Ps.742 million and Ps.281 (US$21), respectively. Non-ticket revenues excluding cargo per passenger increased 58% in the third quarter year over year.

Passenger revenue per available seat mile (RASM) was 5% lower compared to the third quarter 2013, and total operating revenue per available seat mile (TRASM) was 1% higher, as a result of an improving fare environment and stronger non-ticket revenues.

Rigorous Cost Discipline: Capacity Discipline and Exchange Rate Impact Unit Costs

CASM for the third quarter 2014 was Ps.116.0 cents (US$8.6 cents), a 2% increase compared to the third quarter of 2013, driven by a higher average exchange rate during the quarter and lower capacity growth reflecting capacity discipline. On a US dollar basis, our CASM decreased 2% compared to the same period in 2013.

Young and Fuel Efficient Fleet: Increasing Cost Efficiency

As of September 30, 2014, the Company's fleet was comprised of 48 aircraft (29 A320s and 19 A319s), with an average age of 4.3 years. We expect to end the year with 50 aircraft.

Strong Balance Sheet and Good Liquidity

As of September 30, 2014, Volaris had Ps.1,814 million in unrestricted cash and cash equivalents. The Company recorded negative net debt (or a positive net cash position) of Ps. 922 million and total equity was Ps.3,847 million.

During the third quarter 2014, Volaris incurred capital expenditures of Ps.370 million, which included pre-delivery payments for future deliveries of aircraft net of refunds of Ps.152 million and acquisitions of rotable spare parts, furniture and equipment of Ps.218 million.

Investors are urged to carefully read the Company's periodic reports filed with or furnished to the Securities and Exchange Commission, for additional information regarding the Company.

Conference Call/Webcast Details: Volaris will conduct a conference call to discuss these results on October 23, 2014, at 2:30 p.m. ET. A live audio webcast of the conference call will be available to the public on a listen-only basis at http://ir.volaris.com  

About Volaris: Controladora Vuela Compania de Aviacion, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico and the United States. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to more than 130 and its fleet from four to 50 aircraft. Volaris offers more than 220 daily flight segments on routes that connect 36 cities in Mexico and 17 cities in the United States with the youngest aircraft fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business people and leisure travelers in Mexico and to select destinations in the United States. Volaris has received the ESR Award for Social Corporate Responsibility for five consecutive years.

For more information, please visit: www.volaris.com

Forward-looking Statements: Statements in this release contain various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. When used in this release, the words "expects," "estimates," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook," "may," "will," "should," "seeks," "targets" and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe the Company's objectives, plans or goals, or actions the Company may take in the future, are forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company's intentions and expectations regarding the delivery schedule of aircraft on order, announced new service routes and customer savings programs. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to a number of factors that could cause the Company's actual results to differ materially from the Company's expectations, including the competitive environment in the airline industry; the Company's ability to keep costs low; changes in fuel costs; the impact of worldwide economic conditions on customer travel behavior; the Company's ability to generate non-ticket revenues; and government regulation. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings.

Investor Relations Contact: Andres Pliego / Investor Relations / ir@volaris.com / +52-55-5261-6444  Media Contact: Cynthia Llanos / cllanos@gcya.net / +52-1-55-4577-0803

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Financial and Operating Indicators

Unaudited(In Mexican pesos, except otherwise indicated)

Three months ended September 30, 2014(US Dollars)*

Three months ended September 30, 2014

Three months

ended

September 30,

2013

Variance(%)

Total operating revenues (millions)

297

3,995

3,722

7.3%

Total operating expenses (millions)

270

3,634

3,348

8.5%

EBIT (millions)

27

361

374

(3.5%)

EBIT margin

9.0%

9.0%

10.0%

(1.0) pp

Adjusted EBITDA (millions)

33

447

454

(1.5%)

Adjusted EBITDA margin

11.2%

11.2%

12.2%

(1.0) pp

Adjusted EBITDAR (millions)

81

1,085

1,016

6.8%

Adjusted EBITDAR margin

27.2%

27.2%

27.3%

(0.1) pp

Net  income (millions)

26

347

254

36.9%

Net margin

8.7%

8.7%

6.8%

1.9 pp

Earnings per share:

Basic

0.03

0.34

0.30

13.8%

Diluted

0.03

0.34

0.29

16.8%

Earnings per ADS:

Basic

0.26

3.43

3.02

13.8%

Diluted

0.26

3.43

2.94

16.8%

Weighted average shares outstanding:

Basic

-

1,011,876,677

840,686,376

20.4%

Diluted

-

1,011,876,677

863,256,287

17.2%

Available seat miles (ASMs) (millions)

-

3,132

2,939

6.5%

    Domestic

-

2,310

2,241

3.1%

    International

-

821

698

17.6%

Revenue passenger miles (RPMs) (millions)

-

2,611

2,573

1.5%

    Domestic

-

1,901

1,974

-3.7%

    International

-

710

600

18.4%

Load factor

-

83.4%

87.5%

(4.1) pp

    Domestic

-

82.3%

88.1%

(5.8) pp

    International

-

86.5%

85.9%

0.6 pp

Total operating revenue per ASM (TRASM) (cents)

9.5

127.6

126.6

0.7%

Passenger revenue per ASM (RASM) (cents)

7.7

103.9

109.5

(5.2%)

Passenger revenue per RPM (Yield) (cents)

9.3

124.6

125.1

(0.4%)

Average fare

91.7

1,233

1,253

(1.5%)

Non-ticket revenue per passenger

20.9

281

196

43.8%

Non-ticket revenue excluding cargo per passenger

19.4

261

165

58.4%

Operating expenses per ASM (CASM) (cents)

-

116.0

113.9

1.9%

Operating expenses per ASM (CASM) ( US cents)

-

8.6

8.8

(1.5%)

CASM ex fuel (cents)

-

69.6

66.3

5.0%

CASM ex fuel (US cents)

-

5.2

5.1

1.5%

Booked passengers (thousands)

-

2,638

2,570

2.6%

Departures

-

19,862

18,619

6.7%

Block hours

-

51,894

49,172

5.5%

Fuel gallons consumed (millions)

-

37.0

35.2

5.1%

Average economic fuel cost per gallon

2.9

39.3

39.7

(1.0%)

Aircraft at end of period

-

48

44

9.1%

Average aircraft utilization (block hours)

-

12.5

12.9

(3.1%)

Average exchange rate

-

13.11

12.91

1.5%

*Peso amounts were converted to US dollars at the rate of Ps. 13.4541 for convenience purposes only.

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Financial and Operating Indicators

Unaudited(In Mexican pesos, except otherwise indicated)

Nine months ended September 30, 2014(US Dollars)*

Nine months ended September 30, 2014

Nine months

ended

September 30,

2013

Variance(%)

Total operating revenues (millions)

749

10,078

9,819

2.6%

Total operating expenses (millions)

766

10,301

9,305

10.7%

EBIT (millions)

(17)

(222)

514

NA

EBIT margin

(2.2%)

(2.2%)

5.2%

(7.4) pp

Adjusted EBITDA (millions)

(1)

(17)

730

NA

Adjusted EBITDA margin

(0.2%)

(0.2%)

7.4%

(7.6) pp

Adjusted EBITDAR (millions)

137

1,842

2,322

(20.7%)

Adjusted EBITDAR margin

18.3%

18.3%

23.7%

(5.4) pp

Net (loss) income (millions)

(7)

(98)

362

NA

Net margin

(1.0%)

(1.0%)

3.7%

(4.7) pp

Earnings per share:

Basic

(0.01)

(0.10)

0.45

NA

Diluted

(0.01)

(0.10)

0.43

NA

Earnings per ADS:

Basic

(0.07)

(0.97)

4.48

NA

Diluted

(0.07)

(0.97)

4.32

NA

Weighted average shares outstanding:

Basic

-

1,011,876,677

815,953,698

24.0%

Diluted

-

1,011,876,677

847,041,525

19.5%

Available seat miles (ASMs) (millions)

-

8,797

7,954

10.6%

    Domestic

-

6,558

6,063

8.2%

    International

-

2,239

1,891

18.4%

Revenue passenger miles (RPMs) (millions)

-

7,211

6,674

8.0%

    Domestic

-

5,304

5,041

5.2%

    International

-

1,907

1,633

16.7%

Load factor

-

82.0%

83.9%

(1.9) pp

    Domestic

-

80.9%

83.1%

(2.2) pp

    International

-

85.2%

86.4%

(1.2) pp

Total operating revenue per ASM (TRASM) (cents)

8.5

114.6

123.4

(7.2%)

Passenger revenue per ASM (RASM) (cents)

6.9

92.8

105.4

(12.0%)

Passenger revenue per RPM (Yield) (cents)

8.4

113.2

125.6

(9.9%)

Average fare

84.4

1,135

1,267

(10.4%)

Non-ticket revenue per passenger

19.8

266

217

23.0%

Non-ticket revenue excluding cargo per passenger

18.0

242

174

38.8%

Operating expenses per ASM (CASM) (cents)

-

117.1

117.0

0.1%

Operating expenses per ASM (CASM) (US cents)

-

8.7

9.0

(3.2%)

CASM ex fuel (cents)

-

70.6

70.3

0.5%

CASM ex fuel (US cents)

-

5.2

5.4

(2.8%)

Booked passengers (thousands)

-

7,192

6,620

8.6%

Departures

-

55,183

50,442

9.4%

Block hours

-

145,945

134,244

8.7%

Fuel gallons consumed (millions)

-

102.7

94.6

8.6%

Average economic fuel cost per gallon

3.0

39.8

39.3

1.3%

Aircraft at end of period

-

48

44

9.1%

Average aircraft utilization (block hours)

-

12.4

12.3

1.2%

Average exchange rate

-

13.12

12.68

3.4%

*Peso amounts were converted to US dollars at the rate of Ps. 13.4541 for convenience purposes only.

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Consolidated Statement of Operations

Unaudited(In millions of Mexican pesos)

Three months ended September 30, 2014 (US Dollars)*

Three months ended September 30,2014

Three months ended September 30, 2013

Variance (%)

Operating revenues:

Passenger

242

3,253

3,219

1.1%

Non-ticket

55

742

503

47.5%

297

3,995

3,722

7.3%

Other operating income

-

(5)

(7)

(33.8%)

Fuel

108

1,455

1,400

4.0%

Aircraft and engine rent expense

47

637

562

13.5%

Landing, take-off and navigation expenses

40

532

498

6.7%

Salaries and benefits

29

395

397

(0.4%)

Sales, marketing and distribution expenses

18

238

179

32.6%

Maintenance expenses

12

167

138

20.9%

Other operating expenses

9

127

100

26.9%

Depreciation and amortization

6

87

81

7.5%

Operating expenses

270

3,634

3,348

8.5%

Operating  income

27

361

374

(3.5%)

Finance income

-

7

7

(0.6%)

Finance cost

(1)

(9)

(84)

(88.9%)

Exchange gain , net

9

116

26

>100%

Comprehensive financing result

8

113

(51)

NA

Income before income tax

35

474

323

46.8%

Income tax expense

(9)

(127)

(69)

82.7%

Net  income

26

347

254

36.9%

Attribution of net income:

Equity holders of the parent

26

347

254

36.9%

Non-controlling interest

-

-

-

NA

Net  income

26

347

254

36.9%

*Peso amounts were converted to US dollars at the rate of Ps. 13.4541 for convenience purposes only.

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Consolidated Statement of Operations

Unaudited(In millions of Mexican pesos)

Nine months ended September 30, 2014 (US Dollars)*

Nine months ended September 30, 2014

Nine months ended September 30, 2013

Variance (%)

Operating revenues:

Passenger

607

8,163

8,385

(2.6%)

Non-ticket

142

1,915

1,434

33.6%

749

10,078

9,819

2.6%

Other operating income

(1)

(9)

(33)

(72.8%)

Fuel

304

4,088

3,716

10.0%

Aircraft and engine rent expense

138

1,860

1,592

16.8%

Landing, take-off and navigation expenses

117

1,577

1,417

11.3%

Salaries and benefits

87

1,174

1,144

2.7%

Sales, marketing and distribution expenses

44

590

525

12.4%

Maintenance expenses

35

473

430

10.0%

Other operating expenses

25

342

297

15.2%

Depreciation and amortization

15

205

216

(5.1%)

Operating expenses

766

10,301

9,305

10.7%

Operating (loss) income

(17)

(222)

514

NA

Finance income

1

17

19

(12.8%)

Finance cost

(2)

(23)

(120)

(80.7%)

Exchange gain , net

8

112

46

>100%

Comprehensive financing result

8

106

(55)

NA

(Loss) income before income tax

(8)

(116)

459

NA

Income tax benefit (expense)

1

18

(97)

NA

Net (loss) income

(7)

(98)

362

NA

Attribution of net (loss) income:

Equity holders of the parent

(7)

(98)

366

NA

Non-controlling interest

-

-

(3)

NA

Net (loss) income

(7)

(98)

362

NA

*Peso amounts were converted to US dollars at the rate of Ps. 13.4541 for convenience purposes only.

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Consolidated Statement of Financial Position

(In millions of Mexican pesos)

September 30, 2014 Unaudited (US Dollars)* 

September 30, 2014 Unaudited

December 31, 2013 Audited

Assets

Cash and cash equivalents

135

1,814

2,451

Accounts receivable

41

547

602

Inventories

9

127

114

Prepaid expenses and other current assets

17

225

323

Financial instruments

-

-

11

Guarantee deposits

48

651

499

Total current assets

250

3,365

4,000

Rotable spare parts, furniture and equipment, net

148

1,992

1,341

Intangible assets, net

5

61

79

Deferred income tax

26

349

305

Guarantee deposits

214

2,881

2,603

Other assets

4

53

49

Total assets

647

8,701

8,378

Liabilities

Unearned transportation revenue

111

1,495

1,393

Accounts payable

40

541

537

Accrued liabilities

76

1,018

1,033

Taxes and fees payable

45

605

599

Financial instruments

6

83

32

Financial debt

20

271

268

Other liabilities

1

9

9

Total short-term liabilities

299

4,022

3,872

Financial instruments

3

43

74

Financial debt

46

621

294

Accrued liabilities

8

108

138

Other liabilities

1

16

11

Employee benefits

-

7

5

Deferred income taxes

3

37

22

Total liabilities

361

4,854

4,415

Equity

Capital stock

221

2,974

2,974

Treasury shares

(8)

(108)

(108)

Contributions for future capital increases

-

-

-

Legal reserve

3

38

38

Additional paid-in capital

133

1,786

1,786

Accumulated losses

(56)

(759)

(661)

Accumulated other comprehensive losses

(6)

(84)

(66)

Total equity attributable to equity holders of the parent

286

3,847

3,962

Non-controlling interest

-

-

-

Total equity

286

3,847

3,962

Total liabilities and equity

647

8,701

8,378

Total shares outstanding basic and diluted

1,011,876,677

1,011,876,677

*Peso amounts were converted to US dollars at the rate of Ps. 13.4541 for convenience purposes only.

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Consolidated Statement of Cash Flows – Cash Flow Data Summary

Unaudited(In millions of Mexican pesos)

Thee months ended

September 30, 2014 (US Dollars)*

Three months ended

September 30, 2014

Three months ended

September 30, 2013

Net cash flow used in operating activities

(3)

(42)

(192)

Net cash flow used in investing activities

(27)

(370)

(163)

Net cash flow provided by financing activities

7

96

2,157

(Decrease) increase in cash and cash equivalents

(23)

(316)

1,802

Net foreign exchange differences

3

42

46

Cash and cash equivalents at beginning of period

155

2,088

1,126

Cash and cash equivalents at end of period

135

1,814

2,974

*Peso amounts were converted to US dollars at the rate of Ps. 13.4541 for convenience purposes only.

 

Unaudited(In millions of Mexican pesos)

Nine months ended

September 30, 2014 (US Dollars)*

Nine months ended

September 30, 2014

Nine months ended

September 30, 2013

Net cash flow (used in) provided by operating activities

(10)

(136)

434

Net cash flow used in investing activities

(60)

(813)

(24)

Net cash flow provided by financing activities

21

280

1,706

(Decrease) increase in cash and cash equivalents

(50)

(669)

2,116

Net foreign exchange differences

2

32

35

Cash and cash equivalents at beginning of period

182

2,451

822

Cash and cash equivalents at end of period

135

1,814

2,974

*Peso amounts were converted to US dollars at the rate of Ps. 13.4541 for convenience purposes only.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/volaris-reports-third-quarter-2014-net-profits-and-net-margin-expansion-on-improving-non-ticket-revenues-per-passenger-629352324.html

SOURCE Volaris


Top Three Cheap Linux Web Hosting Companies Announced–Top10BestSEOHosting.com Oct 22, 2014 10:30PM

(PRWEB) October 23, 2014

Recently, Top10BestSEOHosting.com has compared many professional web hosting suppliers and announced that Arvixe, FatCow and iPage are the top three cheap Linux web hosting companies in the current market.

"It is very complicated to run a reliable Linux server, because it requires a lot of patience and skill. Recently, our experts have compared many professional web hosting suppliers and decided that Arvixe, FatCow and iPage are the top three cheap Linux web hosting companies in the current market," the IT manager of Top10BestSEOHosting.com says.

Arvixe (http://www.arvixe.com/6883.html) is a great provider known for its wide-ranging hosting packages, decent uptime record and beneficial support options. The company provides all the basic web hosting features, plus easy-to-use site creation tools and notable domain capabilities. Its comprehensive plans and robust features make it easy to overlook its minor shortcomings.

FatCow has been working in the hosting industry for years. Its datacenter is connected to multiple GB connections to ensure that there would be hardly any downtime or disruptions to the users' websites. The great thing is that all hosted websites are backed up by emergency generators to prevent any crashes if the power ever suddenly goes out.

iPage has been hosting personal and small business websites since 1998. With more than 10 years development, it has grown into a leader in the hosting industry for its affordable and easy to manage hosting solution.

Top10BestSEOHosting.com
Top10BestSEOHosting.com is an independent, advertising-supported hosting comparison service provider. Its experts have been evaluating hosting companies for many years; it wants to offer more useful information for clients who want to find the most suitable hosting products in an easy way.

Top10BestSEOHosting.com aims to provide people with better products at cost-effective prices. For more details, please visit http://www.top10bestseohosting.com/.

Read the full story at http://www.prweb.com/releases/2014/10/prweb12268594.htm


Machinists Union Completes Organizing Hat Trick in Texas Oct 22, 2014 10:24PM

WASHINGTON--(BUSINESS WIRE)-- The International Association of Machinists and Aerospace Workers (IAM) today announced their latest organizing victory for 1,000 mechanics, technicians and maintenance personnel employed by URS at the Red River Army Depot (RRAD) near Texarkana, TX. The win follows a pair of successful IAM campaigns earlier this year that organized 925 military helicopter mechanics, technicians and maintenance personnel employed by L3 at the Corpus Christi Army Depot (CCAD) in Corpus Christi, TX.

The URS employees voted by 61 percent for IAM representation in a day-long election conducted by the National Labor Relations Board (NLRB).

“Times are changing, and workers are tired of stagnant wages and benefits,” said IAM Southern Territory Vice President Mark Blondin. “There’s a growing trend among workers in Texas and throughout the South who believe it’s time to stand up and time to get their fair share. The new members at RRAD deserve credit for looking beyond the anti-union rhetoric and focusing on the opportunities that only collective bargaining can provide.”

Blondin credited the union’s months-long education campaign that preceded the vote for ensuring workers at URS knew their legal rights and understood the benefits of working under a collective bargaining agreement.

“We made a big difference for members at CCAD with a strong IAM contract, and the workers at RRAD told us they want the same opportunity,” said IAM Southern Territory Grand Lodge Representative Tommy Mayfield, who led the organizing effort. “They know a contract can address their issues in a professional manner while giving them the respect they deserve as skilled technicians.”

Founded in Atlanta, GA in 1888, the IAM is conducting organize drives across the South, including a campaign for more than 20,000 Flight Attendants at Delta Airlines and an effort among more than 3,000 workers at Boeing’s 787 assembly plant in North Charleston, SC.

The IAM is one of the largest industrial trade unions in North America, representing more than 600,000 active and retired members in dozens of industries.

IAMAW

Bob Wood, 214-755-4207 (mobile)

rwood@iamaw.org

Source: The International Association of Machinists and Aerospace Workers


Leading Pharmaceutical Company in Indonesia, PT. Combiphar, Partners With Korn Ferry to Manage Growing Talent Requirements Oct 22, 2014 10:21PM

JAKARTA, Indonesia--(BUSINESS WIRE)-- Korn Ferry (NYSE: KFY), a single source of leadership and talent consulting services, announced today that it has entered into a new partnership with PT. Combiphar to manage the company’s recruitment process outsourcing (RPO) solutions.

This partnership signals Combiphar’s ongoing commitment to recruiting best-in-class talent to help grow its operations in Indonesia. Korn Ferry, leveraging advanced recruitment tools and processes, will help provide a consistent solution for finding the right talent to support Combiphar’s long-term strategies. Both firms have a shared vision in providing world-class services that will change and revolutionize the lives of many.

Combiphar is a leading Indonesian health care company focusing on marketing, manufacturing and distribution of more than 150 products nationwide. Established for more than 40 years, its portfolio comprises prescription and OTC (over the counter) products. “In line with our new vision, mission and strategy, Combiphar is fully geared towards exponential growth. We believe that our people are our most valuable assets and are committed to continue touching the lives of our consumers by bringing our quality affordable products to Indonesian families, through our passionate and professional employees,” explained Michael Wanandi, CEO of Combiphar. “We are delighted to be partnering with Korn Ferry in continuing to achieve further growth in Indonesia.”

With this new partnership, Korn Ferry further extends its reach into Indonesia by offering a comprehensive suite of talent management solutions to the region’s largest pharmaceutical company.

“Korn Ferry is gaining strong momentum in Jakarta with organizations like Combiphar that are embracing our firm’s diversified approach to talent management,” said Charles Yong, Senior Client Partner and President Director at Korn Ferry’s Jakarta office. “We are pleased to provide recruitment process outsourcing solutions to Combiphar and look forward to working closely with the company to help them gain a competitive edge and drive growth through talent.”

About Korn Ferry

At Korn Ferry, we design, build, attract and ignite talent. Since our inception, clients have trusted us to help recruit world-class leadership. Today, we are a single source for leadership and talent consulting services to empower businesses and leaders to reach their goals. Our solutions range from executive recruitment and leadership development programs, to enterprise learning, succession planning and recruitment process outsourcing (RPO). Visit http://www.kornferry.com for more information on Korn Ferry, and http://www.kornferryinstitute.com for thought leadership, intellectual property and research.

Korn Ferry

Alan Chua, +65.6231.6138

Alan.Chua@kornferry.com

Source: Korn Ferry


Get Christmas Discount Coupons For Funny Bobbleheads At WowBobble.com Oct 22, 2014 10:20PM

(PRWEB) October 23, 2014

WowBobble.com, the outstanding innovators of funny bobbleheads, has recently announced its latest designs for clients throughout the world. The good news is that all the company's new items are available at discounted prices, from 10 to 30 percent off. To celebrate the new holiday season, the company is also offering $10 coupons on its website.

"Now, all new and old customers can get Christmas discount coupons (coupon code: 10USDOFF) for our funny bobbleheads. We are excited to launch the big sale at the beginning of this holiday season, and I hope people worldwide like our affordable, high-quality figurines. Along with the low rates, discounted shipping fees are also offered for those who place big orders. If you are planning to buy some special items for your beloved friends and families, please visit our website," the company's development manager says.

The top designers from WowBobble.com are sparing no effort to make more interesting figurines and unique gifts for worldwide clients. They never compromise on designs and product quality. That is why the company's products are always vivid and trendy.

Furthermore, a large proportion of WowBobble.com's items are very hot in the global market. The company promises to provide top quality bobbleheads only. Please note that its special offer will last until December 15, 2014.

About WowBobble.com
WowBobble.com is a professional manufacturer and retailer of interesting bobbleheads. The company is provided worldwide customers with a huge selection of funny items, including wedding bobblehead cake toppers, wedding bobblehead cake toppers, bridesmaid bobbleheads, fully customized bobbleheads and so on. The company wants to offer all kinds of great bobbleheads for new and old clients.

For more details about its new items, customers can visit: http://www.wowbobble.com/discount_coupon.html.

Read the full story at http://www.prweb.com/releases/2014/10/prweb12268556.htm


More Press Releases

View Older Stories

Oct 22, 2014 10:06PM Whistleblower behind DaVita's record $400 million settlement of charges alleging kickbacks to doctors
Oct 22, 2014 10:01PM A change in direction and leadership for Port of Call Online, Inc. (POCO)
Oct 22, 2014 10:00PM Clinked Unveils New Client Portal, File Sharing & Teamwork App Package
Oct 22, 2014 10:00PM Spoonful of Comfort Encourages Care-and a cause-during October's Breast Cancer Awareness
Oct 22, 2014 10:00PM Biogas Technology by Hydro Dynamics and Partner Three-Es to be Displayed at Italian Agricultural Exhibition October 22-25, 2014
Oct 22, 2014 10:00PM Eighth Annual Ping Pong Palooza at Sapphire Gentlemen's Club to benefit Sapphire Foundation for Prostate Cancer, Tuesday November 11th at 6pm
Oct 22, 2014 10:00PM Logitech Delivers Better-Than-Expected Results in Q2 FY 2015
Oct 22, 2014 10:00PM Singapore Jewellery & Gem Fair 2014 presents a dazzling and dizzying selection with more than 60,000 pieces of jewellery worth S$2 billion
Oct 22, 2014 10:00PM NTT Communications Global Management One Wins Innovation in Outsourcing at DCD APAC Awards 2014
Oct 22, 2014 09:49PM Details for REVA's Special Meeting of Stockholders
Oct 22, 2014 09:49PM Details for REVA's Special Meeting of Stockholders
Oct 22, 2014 09:46PM Network Capital Funding Named to Inc Magazine's List for Four Consecutive Years
Oct 22, 2014 09:45PM Top10BestSEOHosting.com Releases The Best PHP Hosting Suppliers In October
Oct 22, 2014 09:41PM Solveforce Provides Important Tips when Choosing a DSL Service Provider in Phoenix, Arizona
Oct 22, 2014 09:41PM HomeTriangle Launches Local Service Marketplace in India
Oct 22, 2014 09:37PM Atlantis, The Palm in Dubai Hosts Global Blockbuster Movie Premiere of Happy New Year
Oct 22, 2014 09:36PM Exhibition of the Works of Acclaimed Chinese Artists Held at United Cultural Museum in Suqian, China
Oct 22, 2014 09:30PM All Treat, No Trick: Karl Strauss Peanut Butter Cup Porter is Back, And This Time In Bottles
Oct 22, 2014 09:28PM Ebola Detection Using Rapid Tests and ELISA Kits for Humans and Animals
Oct 22, 2014 09:26PM Custom Guitar Maker Wins $20,000 First Prize in 2014 COSE Business Pitch Competition
Oct 22, 2014 09:20PM Bertolini Hospitality & Design Introduces The All New Amera Banquet Chair
Oct 22, 2014 09:15PM Wellness takes the Stage at WesternU
Oct 22, 2014 09:09PM Northfield Bancorp, Inc. Announces Third Quarter 2014 Results
Oct 22, 2014 09:09PM Northfield Bancorp, Inc. Announces Third Quarter 2014 Results
Oct 22, 2014 09:10PM VogueQueen's Beautiful Lace Wedding Dresses Are Revealed For This Holiday Season
Oct 22, 2014 09:01PM Double A and Franco-Thai Chamber of Commerce Support the Foundation for Slum Child Care
Oct 22, 2014 09:01PM "Doctor Spin" from Code Delivery Boy, LLC Reinvents iPhone Apps with Fast Gameplay, Horrifying Characters, Hilarious Content & Unique Device-Spinning
Oct 22, 2014 09:01PM Spiritual Community Embraces Environmental Stewardship with Clean Energy
Oct 22, 2014 09:01PM "Let's Misbehave!" a Musical Review To Benefit UN Women – October 24, 25, 26 at Moscow 57
Oct 22, 2014 09:00PM NXP Unveils Professional Performance LED Solutions for Core Segment Applications at Hong Kong International Light Fair
Oct 22, 2014 09:00PM 'Conflict – The Unexpected Gift' offers practical guide to conflict resolution
Oct 22, 2014 09:00PM Linda Hehir guides readers to freedom from pain in new book
Oct 22, 2014 09:00PM C. J. Medley kicks off new Whispering Winds series
Oct 22, 2014 09:00PM Dr. Renny Edelson of Chiropractic USA Premieres New Website
Oct 22, 2014 08:55PM AppCrown announces collaboration with Pareto Platform CRM for Global Wealth Management firms and Financial Advisors seeking an integrated Salesforce.com solution
Oct 22, 2014 08:46PM Bryan Zuriff Attends 4th Biennial Stand Up To Cancer Benefit
Oct 22, 2014 08:43PM Auspherix Secures Additional AU$1million from MRCF to Advance Its Antibiotic Pipeline
Oct 22, 2014 08:39PM Updated Food Recall Warning (Allergen): Chippy Brand and Jack 'N Jill Chippy Brand Barbecue Flavored Corn Chips Recalled Due to Undeclared Gluten and Wheat
Oct 22, 2014 08:26PM Alaa Pasha named Vivonet's new President and Chief Executive Officer
Oct 22, 2014 08:25PM Envita Review: Lyme Disease Patient Receives Breakthrough Treatment
Oct 22, 2014 08:20PM The Pennsylvania Coal Alliance Praises Lawmakers For The Passage Of The Greenhouse Gas Regulation Implementation Act
Oct 22, 2014 08:17PM Biopharmaceutical Contract Manufacturing: HighTech Business Decisions' New Report Indicates Improving Demand for Outsource Services
Oct 22, 2014 08:12PM Fibra Inn Announces the Exclusive Subscription Notice to FINN13 Shareholders
Oct 22, 2014 04:17PM /C O R R E C T I O N -- CoreLogic/
Oct 22, 2014 08:05PM Mountain America Credit Union Among Top 30 Best Credit Unions to Work For
Oct 22, 2014 08:05PM University of Phoenix Joins Local Businesses in Support of Fort Campbell Family and Morale, Welfare and Recreation Programs
Oct 22, 2014 08:05PM Ex-NFL Superstar, Terrell Owens, Signs with Fantasy Sports Company Draftster.Com
Oct 22, 2014 08:01PM DaVita Kidney Care Finalizes DOJ Settlement
Oct 22, 2014 08:00PM American IRA Announces a New Blog "Real Estate Investing Vs Stock Market"
Oct 22, 2014 08:00PM Maui Wowi Makes a Splash with Latest Orange County Franchise
View Older Stories