Fitch Affirms 5 Classes of Ally Auto Receivables Trust 2011-1 Feb 8, 2012 05:53PM

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings affirms five classes of the Ally Auto Receivables Trust 2011-1 transaction and revises Outlooks as follows:

--Class A-2 affirmed at 'AAAsf'; Outlook Stable;

--Class A-3 affirmed at 'AAAsf'; Outlook Stable;

--Class A-4 affirmed at 'AAAsf'; Outlook Stable;

--Class B affirmed at 'AAsf'; Outlook revised to Positive from Stable;

--Class C affirmed at 'Asf'; Outlook revised to Positive from Stable.

The rating affirmations reflect strong collateral performance and increasing credit enhancement levels for the outstanding notes. The collateral pool has performed within Fitch's expectations, with cumulative net losses totaling 10bps, as of the most recent reporting period.

The class B & C notes have experienced improvement in loss coverage and may warrant positive rating actions in the near term as the transaction continues to amortize. However, due to the subordinate nature of the structure, the class B & C notes are not expected to receive principal payments in the near term. As such, the Outlook for these notes is revised to Positive.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and related research:

--'U.S. Auto Loan ABS Rating Criteria', dated April 20, 2011;

--'Global Structured Finance Rating Criteria', dated Aug. 4, 2011.

Applicable Criteria and Related Research:

U.S. Auto Loan ABS Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=614367

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch RatingsPrimary Analyst:John Alberici, +1-212-908-0370AnalystFitch, Inc.One State Street PlazaNew York, NY 10004orCommittee Chairperson:Du Trieu, +1-312-368-2091Senior DirectororMedia Relations:Sandro Scenga, +1-212-908-0278Email: sandro.scenga@fitchratings.com

Source: Fitch Ratings


Inland Salvage Inc. Awarded Wreck Removal Contract of Capsized Inland Drill Barge. Feb 8, 2012 05:52PM

 

NEW ORLEANS, Feb. 8, 2012 /PRNewswire/ -- Inland Salvage Inc. (ISI) was recently selected as Salvor to conduct Wreck Removal Operations of a 2,650t Inland Drill Barge following an unsuccessful attempt by another contractor to salvage the barge. The barge partially capsized in Bayou Shaffer, near Morgan City, LA on September 4th, 2011. ISI provided initial emergency response, dive and lightering services after the barge capsized due to Tropical Storm Lee's storm surge.

(Photo: http://photos.prnewswire.com/prnh/20120208/DA50376)

(Logo: http://photos.prnewswire.com/prnh/20111014/DA87020LOGO)

Inland Salvage Inc. (http://www.inlandsalvage.com) (ISI) was notified by the vessel's assured and underwriters that ISI had been appointed as the salvor.  ISI immediately responded, deploying highly experienced salvage and dive teams consisting of Salvage Masters and Divers who have conducted similar operations on capsized inland drill barges.

Following extensive dive surveys, ISI's C.O.O., Mr. David Grecho, assembled ISI's Salvage Management Team, drawing from each member's particular field of expertise, to develop a Salvage Plan approved by Inland Salvage C.E.O., Mr. Eli Zatezalo.

The salvage officers met with the Command Staff at the USCG Marine Safety Unit / Morgan City in order to coordinate and clear procedures for ISI wreck removal operations. Work commenced January 17th with the arrival of ISI's salvage fleet of 2 Heavy Lift A-Frames, Crane Barge, Tug Boats, Receiver Barges and Crew support vessels.

Wreck Removal operations are currently underway and on schedule per ISI's Wreck Removal Plan approved by the USCG.  Divers were separating the superstructure from the barge hull by burning all supporting beams and trunks at the deck level in Zero visibility conditions.  ISI's plan calls for the separation of the superstructure, floatation and par-buckling of the main barge, chain cutting the superstructure into four separate pieces with final retrieval via Heavy Lift operations.

In accordance with ISI's high standard for safety, Daily Safety and Job Task meetings are conducted to ensure all ISI salvage personnel as well as the USCG are aware and prepared for each day's operations.  The resources of all ISI team members are focused towards one common goal – a well-planned and safely executed wreck removal operation.

Contact: 

Inland Salvage Inc.Tel 251.990.6444Fax 251.990.6644WWW.INLANDSALVAGE.COM

SOURCE Inland Salvage Inc.


Sahara Energy Ltd. Announces Proposed Financing and Changes in Directors Feb 8, 2012 05:50PM

CALGARY, ALBERTA--(Marketwire - Feb. 8, 2012) - Sahara Energy Ltd. (TSX VENTURE: SAH) ("Sahara") announces that it intends to raise $350,000 by issuing common shares at $0.07 per share to Mr. Kingston Kwek. The proceeds of the financing are expected to be used for drilling and for the acquisition of lands.

Closing of the financing is expected to occur on February 10, 2012, subject to regulatory approvals. In conjunction with the financing, it is expected that Mr. Kwek will be appointed to the board of directors of Sahara.

Sahara is also pleased to announce the appointment of Douglas Wine as a director and Chairman of the board of directors effective immediately. Mr. Wine is a professional geologist with extensive experience in the oil and gas business in Alberta.

Forward Looking Information: This news release contains forward looking statements related to the proposed financing. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated.

Neither 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Sahara Energy Ltd.
        Martin Feng
        President and CEO
        (403) 237-5411
        martin@saharaenergy.ca

        Sahara Energy Ltd.
        Gary Chang
        Chief Financial Officer
        (604) 569-3979
        gary@saharaenergy.ca

Source: Sahara Energy Ltd.


10ZiG Technology to Exhibit at HIMSS12, booth 14044, Feb. 20 - 24, 2012, in Las Vegas, NV, US Feb 8, 2012 05:50PM

PHOENIX--(BUSINESS WIRE)-- Press Kit Materials are Available at: http://www.tradeshownews.com/events/HIMSS12/10ZiGTechnology/

   
Company: 10ZiG Technology
Booth/Stand: 14044
Event:

HIMSS12Feb. 20 - 24, 2012Las Vegas, NV, US

Web:

http://www.10zig.com

Facebook:

http://www.facebook.com/10ZiGTechnology

Twitter:

http://twitter.com/10ZiGtechnology

LinkedIn:

http://www.linkedin.com/company/10zig-technology

 

About 10ZiG Technology

10ZiG Technology, formerly BOSaNOVA, Inc., is the emerging market leader in development of Thin Client Technology, with a primary focus in the Desktop Virtualization Marketspace. 10ZiG Thin Clients are energy-efficient, easy to manage and offer a low total cost of ownership. The company’s products are sold through a worldwide network of IBM, CITRIX, and VMware Business Partners. Industry affiliations include membership in IBM's PartnerWorld for Developers, Citrix Ready Partner Program, VMware Partner Program, Quest vWorkspace Ready Program, and the Microsoft Partner Program, to name a few.

10ZiG TechnologyBrianna Stock, 866-865-5250briannas@10zig.com

Source: 10ZiG Technology


Your Ultimate Destination for Exquisite Patio Furniture at Affordable Prices Feb 8, 2012 05:49PM

LOS ANGELES, Feb. 8, 2012 /PRNewswire/ -- There is no shortage of stores offering outdoor patio furniture in Los Angeles. The challenge is distinguishing between patio furniture of subpar quality and patio furniture that is fashionable, weather-resistant, and durable. This can be frustrating, because chances are you're not an expert. The best way forward is to find a provider with a reputation for quality products and superior customer service. Take Unique Patio Furniture Co. for example. This company has been providing masterfully crafted patio furniture in Orange County for a long time, and customers know they can count on the professionals who work here to provide attentive, personalized service.

At Unique Patio Furniture Co., you can find a wide variety of Orange County patio furniture to satisfy any decorating taste. Consider two of their most highly sought-after products. The first is their Versailles 9 Piece Deep Seat Sectional Set. Made from polyethylene synthetic wicker fiber, this gorgeous set is UV and weather-resistant, and unaffected by temperature changes, mildew, or fading. Perfect for a back yard or pool deck, this set can be configured into any arrangement you desire. Another popular option is their Newport Beach 6 Piece Outdoor Sofa and Armchair Set. The Newport Beach collection is equally weather-resistant, durable, and environmentally friendly, making it a perfect choice for any outdoor setting.

What sets Unique Patio Furniture Co. apart from its competitors is its commitment to high-quality patio furniture in Orange County at very competitive prices. You shouldn't have to be extraordinarily wealthy to enjoy fantastic outdoor patio furniture, and with the many affordable choices available at Unique Patio Furniture Co., you don't have to be. Your home is your castle, so give it the royal treatment, with breathtaking patio furniture from a name you can trust.

To learn more about Unique Patio Furniture Co., including online orders, inventory, locations, and contact information, please visit online at www.uniquepatiofurniture.com.

PR submitted by www.Cyberset.com

 

SOURCE Unique Patio Furniture Co.


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