SALEM, N.H., Nov. 11, 2009 (GLOBE NEWSWIRE) -- StockerYale, Inc. (OTCBB: STKR), a leading designer and manufacturer of diode-based laser modules and LED systems for industrial OEMs, medical and defense markets, will report its financial results for the third quarter ended September 30, 2009 after the market closes on Monday, November 16, 2009. Following the press release, management will conduct a conference call with simultaneous webcast at 4:30 p.m. Eastern Standard Time. Chairman and Chief Executive Officer Mark Blodgett and Chief Financial Officer Tim Losik will discuss the third quarter results, the sale of the Company's North American businesses and comment on business trends.
Interested parties may participate in the live conference call by dialing 877-941-4774 (U.S. toll-free) or 480-629-9764 (international dial-in). No pass code is required for the call. A live webcast of the conference call may be accessed by visiting the Investor Relations: Earnings Conference Call section of the StockerYale website at www.stockeryale.com.
The webcast will be archived on the Company's web site for six months.
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs. In addition, the Company distributes premium diodes for Opnext, Sanyo & Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Ireland, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow StockerYale to meet all of its business goals; uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-K and the Company's quarterly reports on Form 10-Q for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.
CONTACT: StockerYale, Inc.
Investor Relations Contact:
Mark W. Blodgett
603-893-8778
IRInfo@stockeryale.com
MONTREAL, QUEBEC--(Marketwire - Nov. 11, 2009) - Intema Solutions Inc (TSX VENTURE: ITM) announced today its financial results for the third quarter ended September 30th, 2009. All amounts are in Canadian dollars unless otherwise indicated.
The company's margin on Earnings before amortization, financial expenses and income taxes (EBITDA), a measure of operating performance used by management and certain users of our financial statements, improved to 13% for the quarter and 12% for the first nine months compared to a negative 6% and 8% last year. We declared a $68,000 EBITDA in this quarter and the company has now been EBITDA positive for the last four quarters.
The company's revenues decreased by 16% to $492 351 in the quarter and decreased 5% to $1,652,817 in the first nine months of the year. This decrease is explained by the slow activity of marketing campaign during the months of summer vacations.
"Although, we have seen a decrease in the revenues, the company was still able to realize its productivity and profitability objectives ", stated Roger Plourde, President and CEO of Intema.
Non-GAAP Measure
The reader should note that the Company reports its financial results in accordance with GAASP. However, in this press release, the following non-GAAP financial measure is used: Earnings before amortization, financial expenses and income taxes (EBITDA). Management believes that this non-GAAP measure provides useful information to investors regarding the company's financial condition and results of operations as they provide additional measures of its performance. This measure should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.
Intema Solutions inc.
Intema Solutions Inc.'s mission is to integrate technologies to marketing. Its services include relational marketing, online visibility, website persuasion, virtual community marketing and online collaboration. Since 1994, INTEMA has dedicated its efforts in delivering key solutions to the Marketing industry. Amongst its clients are companies of all sizes in North America.
For more information, please visit our website at www.intema.ca
Caution concerning forward-looking statements
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of Intema Solutions Inc. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. The business of the Company and these forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ from expected results. A description of risk factors is discussed in the Company's Annual MD&A and financial information filed with the securities regulatory authorities in Canada. The Company's business, financial condition or operating results could be materially adversely affected if any of these risks and uncertainties were to materialize. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
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.
SELECTED FINANCIAL INFORMATION OF INTEMA SOLUTIONS INC
-------------------------------------------------------------------------
Quarter ended Nine month ended
September 30th September 30th
-------------------------------------------------------------------------
2009 2008 2009 2008
-------------------------------------------------------------------------
FINANCIAL PERFORMANCE
Revenues 492,351 591,124 1,568,719 1 ,652,817
EBITDA(1) 68,000 (38,226) 193,538 (135,604)
EBITDA margin(1) 13% (6%) 12% (8%)
Net earnings (85,590) (71,171) (271,665) (148,441)
Net earnings per share
- Basic (0.0034) (0.0052) (0.0109) (0.0109)
- diluted (0.0034) (0.0052) (0.0108) (0.0109)
Cash flows provided by
continuing activities (166,429) (116,159) (352,220) (324,653)
-------------------------------------------------------------------------
FINANCIAL SITUATION
Total assets 5,635,899 2,442,476
Shareholders' equity 3,494,453 969,443
Shareholders' equity
per common share 0.14$ 0.07$
Working capital 40,757 266,850
Current ratio 1.02 1.19$
Long-term debt (current
and long-term portions) 802,278 341,482
Long term debt to
capitalization ratio 0.22 0.35
FOR FURTHER INFORMATION PLEASE CONTACT:
Intema Solutions Inc.
Pierre Ravary, C.A.
Chief Financial Officer
514-861-1881 ex, 3151 or Toll free: 866-632-7217
pravary@intema.ca
www.intema.ca
Source: Intema Solutions Inc.
SAN MATEO, Calif., Nov. 11 /PRNewswire-USNewswire/ -- Coyote Point Museum Executive Director, Rachel Meyer, received the Association of Science-Technology Center's (ASTC) Roy L. Shafer Leading Edge Award for Experienced Leadership at the Association's annual conference in Fort Worth, TX on October 31. The award is one of only two leadership awards given by the national organization each year.
Ms. Meyer was honored for her exceptional efforts to bring the Museum back from near extinction. In 2006, Coyote Point Museum almost closed due to long-time neglect and fundraising challenges. The Museum was saved by the community with a fundraising drive that raised more than $500,000 from 850 donors in just 30 days. Ms. Meyer was hired shortly thereafter and has spearheaded a major revitalization, which has included the development of two new major interactive science exhibits, the revamping of all of the Museum's educational programs including the Museum's highly popular summer camp programs, and improvements to many of the Museum's live animal habitats.
"In my studies of out-of-school-time science programming across the U.S., I have not observed any better than those developed and implemented under Rachel's leadership," says Vera Michalchik, Lead for Informal Learning in the Center for Technology in Learning at SRI International. "Her tireless efforts to realize the highest quality offerings are inspirational."
"We are thrilled that Rachel is receiving recognition on the national level for her Herculean efforts here in our community," says Linda Lanier, President of the Museum's Board of Trustees, who was present at the award ceremony. "This is validation that Rachel is leading the Museum to become a premier environmental science center."
Coyote Point Museum's current exhibition, The Science of Nature, was also recognized as one of four national finalists for the Roy L. Shafer Leading Edge Award for Visitor Experience, an award that recognizes programs and exhibits which achieve a tangible impact on visitor experience. For more information about this exhibition and the Museum's upcoming exhibition, Tinkering, go to http://www.coyoteptmuseum.org/exhibits-and-animals/exhibitions.
About Coyote Point Museum
Coyote Point Museum for Environmental Education educates and inspires people to take care of our earth wisely. We provide interactive science exhibits, live animal encounters, engaging environmental science programs.
Located in beautiful Coyote Point Park in San Mateo, California, the museum offers visitors an opportunity to learn first-hand about ecology, the science behind the environment, and habitat preservation.
SOURCE Coyote Point Museum for Environmental Education
MONTREAL, QUEBEC -- (MARKET WIRE) -- 11/11/09 -- Intema Solutions Inc (TSX VENTURE: ITM) announced today its financial results for the third quarter ended September 30th, 2009. All amounts are in Canadian dollars unless otherwise indicated.
The company's margin on Earnings before amortization, financial expenses and income taxes (EBITDA), a measure of operating performance used by management and certain users of our financial statements, improved to 13% for the quarter and 12% for the first nine months compared to a negative 6% and 8% last year. We declared a $68,000 EBITDA in this quarter and the company has now been EBITDA positive for the last four quarters.
The company's revenues decreased by 16% to $492 351 in the quarter and decreased 5% to $1,652,817 in the first nine months of the year. This decrease is explained by the slow activity of marketing campaign during the months of summer vacations.
"Although, we have seen a decrease in the revenues, the company was still able to realize its productivity and profitability objectives ", stated Roger Plourde, President and CEO of Intema.
Non-GAAP Measure
The reader should note that the Company reports its financial results in accordance with GAASP. However, in this press release, the following non-GAAP financial measure is used: Earnings before amortization, financial expenses and income taxes (EBITDA). Management believes that this non-GAAP measure provides useful information to investors regarding the company's financial condition and results of operations as they provide additional measures of its performance. This measure should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.
Intema Solutions inc.
Intema Solutions Inc.'s mission is to integrate technologies to marketing. Its services include relational marketing, online visibility, website persuasion, virtual community marketing and online collaboration. Since 1994, INTEMA has dedicated its efforts in delivering key solutions to the Marketing industry. Amongst its clients are companies of all sizes in North America.
For more information, please visit our website at www.intema.ca
Caution concerning forward-looking statements
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of Intema Solutions Inc. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. The business of the Company and these forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ from expected results. A description of risk factors is discussed in the Company's Annual MD&A and financial information filed with the securities regulatory authorities in Canada. The Company's business, financial condition or operating results could be materially adversely affected if any of these risks and uncertainties were to materialize. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
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.
SELECTED FINANCIAL INFORMATION OF INTEMA SOLUTIONS INC
-------------------------------------------------------------------------
Quarter ended Nine month ended
September 30th September 30th
-------------------------------------------------------------------------
2009 2008 2009 2008
-------------------------------------------------------------------------
FINANCIAL PERFORMANCE
Revenues 492,351 591,124 1,568,719 1 ,652,817
EBITDA(1) 68,000 (38,226) 193,538 (135,604)
EBITDA margin(1) 13% (6%) 12% (8%)
Net earnings (85,590) (71,171) (271,665) (148,441)
Net earnings per share
- Basic (0.0034) (0.0052) (0.0109) (0.0109)
- diluted (0.0034) (0.0052) (0.0108) (0.0109)
Cash flows provided by
continuing activities (166,429) (116,159) (352,220) (324,653)
-------------------------------------------------------------------------
FINANCIAL SITUATION
Total assets 5,635,899 2,442,476
Shareholders' equity 3,494,453 969,443
Shareholders' equity
per common share 0.14$ 0.07$
Working capital 40,757 266,850
Current ratio 1.02 1.19$
Long-term debt (current
and long-term portions) 802,278 341,482
Long term debt to
capitalization ratio 0.22 0.35
Contacts: Intema Solutions Inc. Pierre Ravary, C.A. Chief Financial Officer 514-861-1881 ex, 3151 or Toll free: 866-632-7217 pravary@intema.ca www.intema.ca
NEW YORK Nov. 11 /PRNewswire/ -- Glee's cultural stronghold continues to grow as the massively popular Fox comedy's first soundtrack soars to the top of album sales charts. Glee: The Music, Volume 1, which was released on November 3, has sold in excess of 113,000 units in its first week alone garnering an astounding #4 spot on the Billboard Top 200 Album Chart. Prior to this physical release the music from Glee was only available for purchase digitally where it sold over 2.5 million single downloads, spawning a Gold single for the cast's version of Journey's "Don't Stop Believin'." Glee: The Music, Volume 1 has been celebrated by critics for its originality and ability to take popular music and make it innovative and fresh. The New York Daily News proclaimed, "Glee's singers have a greater feel for what's brilliant about these songs than even their creator, or first interpreters, did." While NY Newsday went on to boast, "it re-imagines songs with grand, inventive new arrangements." And Associated Press noted, "the vocal performances are top notch." The talented cast met fans and signed copies of the soundtrack at four major in-store appearances in the New York and Los Angeles metropolitan areas last week allowing fans to get up close and personal. Each event went beyond capacity and the gracious cast stayed beyond the allotted time to meet all the fans who turned up.
And for fans who just can't get enough of Glee's high spirited music, Glee: The Music, Volume 2 hits stores on Tuesday December 8. This second volume features the casts take on such pop powerhouse tunes as Kelly Clarkson's "My Life Would Suck Without You," Cyndi Lauper's "True Colors," Van Halen's "Jump" and a really special version of John Lennon's "Imagine" (See below for full track listing). Glee is infectious and the music is sure to bring joy, which is exactly why the Chicago Tribune exclaimed "Any TV show soundtrack that induces people of all ages to dance around the kitchen is doing something right."
The full track listing for "Glee: The Music, Volume 2" is as follows:
1. "Proud Mary"
2. "Endless Love"
3. "I'll Stand By You"
4. "Don't Stand So Close To Me / Young Girl"
5. "Crush"
6. "(You're) Having My Baby"
7. "Lean On Me"
8. "Don't Make Me Over"
9. "Imagine"
10. "True Colors"
11. "Jump"
12. "Smile" (cover of Lily Allen)
13. "Smile" (cover of Charlie Chaplin)
14. "And I Am Telling You I'm Not Going"
15. "Don't Rain On My Parade"
16. "You Can't Always Get What You Want"
17. "My Life Would Suck Without You"
About Columbia Records: One of the most respected and successful record labels in the world, Columbia Records is home to established superstars and exciting new talent. Columbia Records is a wholly-owned subsidiary of Sony Music Entertainment.
Sony Music Entertainment is a global recorded music company with a roster of current artists that includes a broad array of both local artists and international superstars. The company boasts a vast catalog that comprises some of the most important recordings in history. Sony Music Entertainment is a wholly owned subsidiary of Sony Corporation of America.
Twentieth Century Fox Television, a division of News Corp., is a leading supplier of entertainment content domestically and around the world.
Fox Broadcasting Company (FOX) is a unit of News Corporation and the leading broadcast television network among Adults 18-49. FOX finished the 2008-2009 season at No. 1 for the fifth consecutive year -- a feat that hasn't been achieved since the mid-1990s -- while continuing to dominate all network competition in the more targeted Adults 18-34 and Teen demographics.
SOURCE Columbia Records
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