TPI Begins Construction of Qionglai Facility (QLF) Feb 13, 2012 10:47AM

CHENGDU, China, Feb. 13, 2012 /PRNewswire-Asia/ -- Tianyin Pharmaceutical Co., Inc. (NYSE Amex: TPI), a pharmaceutical company that specializes in patented biopharmaceutical, modernized traditional Chinese medicine (mTCM), branded generics and active pharmaceutical ingredients (API) today announced that the Company has started its Qionglai Facility (QLF) project following the initial planning period. The Phase I of QLF project will be the construction of the pre-extraction plant which is targeted for completion by the end of 2012 calendar year.

The pre-extraction is the first step of the manufacturing process of modernized traditional Chinese medicine (mTCM). The pre-extraction facility will conduct initial processing of TCM raw material, separation using alcohol or water precipitation, filtration, centrifugation, concentration and purification of TCM pharmaceutical ingredients which will be further processed for the production of mTCM at the formulation facility.

About Pre-extraction and formulation plant development at QLF

In preparation for the new Good Manufacturing Practice (GMP) standards stipulated by the PRC government in early 2011, TPI initiated the process of optimizing the manufacturing facilities and production lines in compliance with the new GMP standards by 2013. Concurrently, the city of Chengdu has re-designated various industrial parks of nearby counties for particular industries such as automobile, biotechnologies, pharmaceuticals and chemical engineering for individual locations. As a consequence, TPI's manufacturing facility at the Longquan district, east of Chengdu, which is designated for automotive industry, is scheduled to be relocated to Qionglai city, south of Chengdu, which is designated for pharmaceutical industry. The QLF is approximately 18 miles from the Company's recently completed Jiangchuan macrolide (JCM) facility. The proposed relocation project also includes our TCM pre-extraction plant which is located near the center of the city of Chengdu surrounded by rapidly expanding residential area.

The QLF is estimated to be 80 mu or 53,000 m2. Both pre-extraction plant and the formulation plant are to be relocated. The combined QLF plant, designed and constructed according to the latest GMP standards, is expected to relieve the current capacity saturation at TPI's facilities. The re-location and construction cost is estimated at $25 million for Phase I which will expand the current capacity by 30%. For Phase II QLF, an additional $10 million may be employed to double the current capacity by 2013.

About TPI

Headquartered at Chengdu, China, TPI is a pharmaceutical company that specializes in the development, manufacturing, marketing and sales of patented biopharmaceutical, mTCM, branded generics and API. TPI currently manufactures a comprehensive portfolio of 58 products, 24 of which are listed in the highly selective national medicine reimbursement list, 7 are included in the essential drug list of China. TPI's pipeline targets various high incidence healthcare indications. TPI has an extensive nationwide distribution network with a sales force of 730 sales representatives out of totaled 1,365 employees.

For more information about TPI, please visit: http://www.tianyinpharma.com.

Safe Harbor Statement

The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.

For more information, please visit: http://www.tianyinpharma.com, or email ir@tpi.asia

Tel: +86-28-8551-6696 (Chengdu, China) +86-134-3655-0011 (China)

Address: Tianyin Pharmaceutical23rd Floor, Unionsun Yangkuo Plaza      No. 2, Block 3, South Renmin RoadChengdu, 610041China

SOURCE Tianyin Pharmaceutical Co., Inc.


BMO Financial Group Donates $500,000 to the New Oakville Hospital Feb 13, 2012 10:45AM

OAKVILLE, ONTARIO -- (MARKET WIRE) -- 02/13/12 -- The campaign to equip the new Oakville Hospital has received a significant boost thanks to BMO Financial Group's $500,000 pledge to the Oakville Hospital Foundation. The announcement was made in Oakville today at BMO Bank of Montreal, Third Line and Dundas Branch.

"We are pleased to support the new Oakville Hospital and invest in a healthier community for the residents of Oakville," said John MacAulay, Vice President, GTA West District, BMO Financial Group. "The upgrades provided by this initiative will help improve the quality of life across the community, which is always a priority at BMO."

BMO will be recognized for their gift through the naming of the BMO Financial Group Pre-Operative Care Area housed within the Surgical Day Care Unit of the new hospital. The Surgical Day Care Unit will provide pre-operative preparation for surgical outpatient and same day surgical admissions as well as second stage recovery areas and pre-discharge care for surgical outpatients.

"The development of non-invasive surgical procedures and other technological advances has led to approximately 80 per cent of all surgical procedures being done through day surgery, resulting in fewer hospital stays," said Dr. Miles Kealey, Co-Chief of Surgery. "BMO's donation will enable Halton Healthcare Services to purchase leading edge medical equipment for this growing program, providing patients with access to top quality surgical services, close to home." By 2015/2016, it is projected that close to 15,000 annual procedures will be performed within the Surgical Day Care program at the new Hospital.

BMO's $500,000 contribution in support of the Surgical Day Care program will be used to purchase new and replacement equipment required to deliver high quality outpatient care to Oakville residents, including: defibrillators, IV pumps, physiological monitors, stretchers, and ultrasound scanners.

"As one of the first banks to pledge support to our campaign, we applaud BMO for their generosity and leadership," said Tina Triano, CEO of the Oakville Hospital Foundation. "BMO has garnered a reputation for investing in the health and interests of its employees and customers and this gift today in support of the new Oakville Hospital further demonstrates their commitment to the community."

About Oakville Hospital Foundation

The Oakville Hospital Foundation is partnering with the community to fund essential equipment for Oakville's Hospital to enable high quality patient care. Generous support from the community is needed to help the Foundation achieve its $60 million campaign goal to equip the state-of-the-art health care facility scheduled to open in December 2015.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $477 billion as at October 31, 2011, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

Contacts:
Media Contacts:
Matthew Duffin, Toronto
(416) 867-3996
matthew.duffin@bmo.com

Oakville Hospital Foundation
Suzanne Hallsworth, Oakville
(905) 845-2571 x. 6250
shallsworth@haltonhealthcare.com

Source: BMO Financial Group


BMO Financial Group Donates $500,000 to the New Oakville Hospital Feb 13, 2012 10:45AM

OAKVILLE, ONTARIO--(Marketwire - Feb. 13, 2012) - The campaign to equip the new Oakville Hospital has received a significant boost thanks to BMO Financial Group's $500,000 pledge to the Oakville Hospital Foundation. The announcement was made in Oakville today at BMO Bank of Montreal, Third Line and Dundas Branch.

"We are pleased to support the new Oakville Hospital and invest in a healthier community for the residents of Oakville," said John MacAulay, Vice President, GTA West District, BMO Financial Group. "The upgrades provided by this initiative will help improve the quality of life across the community, which is always a priority at BMO."

BMO will be recognized for their gift through the naming of the BMO Financial Group Pre-Operative Care Area housed within the Surgical Day Care Unit of the new hospital. The Surgical Day Care Unit will provide pre-operative preparation for surgical outpatient and same day surgical admissions as well as second stage recovery areas and pre-discharge care for surgical outpatients.

"The development of non-invasive surgical procedures and other technological advances has led to approximately 80 per cent of all surgical procedures being done through day surgery, resulting in fewer hospital stays," said Dr. Miles Kealey, Co-Chief of Surgery. "BMO's donation will enable Halton Healthcare Services to purchase leading edge medical equipment for this growing program, providing patients with access to top quality surgical services, close to home." By 2015/2016, it is projected that close to 15,000 annual procedures will be performed within the Surgical Day Care program at the new Hospital.

BMO's $500,000 contribution in support of the Surgical Day Care program will be used to purchase new and replacement equipment required to deliver high quality outpatient care to Oakville residents, including: defibrillators, IV pumps, physiological monitors, stretchers, and ultrasound scanners.

"As one of the first banks to pledge support to our campaign, we applaud BMO for their generosity and leadership," said Tina Triano, CEO of the Oakville Hospital Foundation. "BMO has garnered a reputation for investing in the health and interests of its employees and customers and this gift today in support of the new Oakville Hospital further demonstrates their commitment to the community."

About Oakville Hospital Foundation

The Oakville Hospital Foundation is partnering with the community to fund essential equipment for Oakville's Hospital to enable high quality patient care. Generous support from the community is needed to help the Foundation achieve its $60 million campaign goal to equip the state-of-the-art health care facility scheduled to open in December 2015.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $477 billion as at October 31, 2011, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Media Contacts:
        Matthew Duffin, Toronto
        (416) 867-3996
        matthew.duffin@bmo.com

        Oakville Hospital Foundation
        Suzanne Hallsworth, Oakville
        (905) 845-2571 x. 6250
        shallsworth@haltonhealthcare.com

Source: BMO Financial Group


Even More Enhancements With Apache Subversion 1.7.3 Feb 13, 2012 10:45AM

SAN RAMON, CA -- (MARKET WIRE) -- 02/13/12 -- WANdisco, a leading provider of Apache Subversion based software and services for the enterprise, and a major corporate sponsor of the Subversion project, has announced that the latest release, Subversion 1.7.3, is now available to download for free from its website, and also through the free, open ALM platform, uberSVN.

Apache Subversion 1.7 was a major release for the Subversion community, and this release features even more improvements. Subversion 1.7.3 adds support for 'svnadmin load -- revision' load filtering, and 'svnadmin hotcopy -- incremental' support for FSFS, along with new subcommands. Other useful enhancements, include:

  • the new 'commit -- include-externals' option
  • new -- ignore-properties option for 'svn diff'
  • new -- patch-compatible option for 'svn diff''

The full information on what's new and noteworthy, is available at the Changes file. As part of its commitment to the Subversion community, WANdisco has made the latest, certified open source binaries available through its website. Apache Subversion 1.7.3 is also available through uberSVN, the open ALM platform for Subversion that includes integrated apps, such as Jenkins and uTest.

"The reason we're able to accomplish this so quickly with every release is that WANdisco is committed to Subversion's success," said David Richards, CEO and co-founder, WANdisco. "We have core Subversion developers on staff, who are actively involved with the rest of the Subversion community from the time a new release is in the planning stages, until it's publicly available."

WANdisco recently launched three migration packages designed for organizations looking to make the leap to Subversion 1.7. More information on these professional support options can be found at http://www.wandisco.com/migrate-subversion-17.

About WANdisco WANdisco is a leading provider of Apache Subversion-based software and services for the enterprise. The company's products include: uberSVN -- the new open ALM platform for Subversion, Subversion MultiSite, Subversion Access Control and Subversion Clustering. Fortune Global 1000 companies such as AT&T, Intel, Honda, Nokia, Juniper Networks and Motorola rely on WANdisco's Subversion solutions for enterprise-class performance, scalability and 24-by-7 availability. A recent Forrester Total Economic Impact (TEI) study of WANdisco's Subversion MultiSite revealed a 380% return on investment with a four-month payback period. Subversion is recognized by Forrester as the sole leader in the Standalone Software Configuration Management (SCM) category. For more information, please visit us at: www.wandisco.com.

About Subversion Apache Subversion (SVN) is a version control system initiated in 2000. It is used to maintain current and versions of files such as source code, web pages, and documentation. Its goal is to be a mostly-compatible successor to the widely used Concurrent Versions System (CVS). In a 2007 report by Forrester Research, Subversion was recognized as the sole leader in the Standalone Software Configuration Management (SCM) category and a strong performer in the Software Configuration and Change Management (SCCM) category. Subversion is released under the Apache License, making it free software. For more information, please visit:http://subversion.apache.org.

Subversion and the Subversion logo are trademarks of the Apache Software Foundation. All product and company names herein may be trademarks of their registered owners.

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Contact:
Jessica Thornsby
Email Contact
Phone:
USA: +1 925 380 1728
UK: +44 (0)114 3039985

Source: WANdisco


Fitch to Rate Ally Master Owner Trust, Series 2012-1; Presale Issued Feb 13, 2012 10:46AM

NEW YORK--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: Ally Master Owner Trust, Series 2012-1 (U.S. ABS)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=670710

Fitch Ratings expects to assign the following ratings to Ally Master Owner Trust, Series 2012-1:

--$750,000,000 class A-1/A-2 'AAAsf'; Outlook Stable;

--$36,970,000 class B 'AAsf'; Outlook Stable;

--$58,099,000 class C 'Asf'; Outlook Stable;

--$42,254,000 class D 'BBBsf'; Outlook Stable.

Key Rating Drivers

Quality of Wholesale Receivables: The trust receivables backing 2012-1 have a high percentage of floorplan loans backing new vehicles (88.97%), strong aging distribution with only 3.00% inventory aged past 270 days, and are geographically diverse.

Asset concentrations: Dealers are subject to concentration limits mitigating the risk of individual dealer defaults and losses. Exposure to individual vehicle types, manufacturers, or segments is mitigated with concentration limits in place.

Strength of Dealer Network: Based on a review of dealer financial metrics and Ally's internal dealer credit classifications, the financial health of Ally's dealer network in 2011 is viewed as strong, with the majority of dealers profitable through 2011.

Strong Trust Performance: AMOT is currently experiencing positive performance trends, such as strong monthly payment rates (MPRs) and asset yield, low agings, minimal dealer defaults and trust losses.

Sufficient Credit Enhancement (CE): Initial CE for the class A notes is 30.00% (29.00% subordination and 1.00% reserve account, both of initial note balance. Structural features, such as early amortization triggers, mitigate risks of dealer/manufacturer defaults/bankruptcies.

Consistent Origination and Servicing: Ally demonstrates adequate abilities as originator, underwriter, and servicer, as evidenced by the historical delinquency and loss performance of AMOT. Wells Fargo Bank N.A. (Wells Fargo) is the backup servicer for 2012-1.

Current Economic Conditions: The slow U.S. economic recovery and volatility therein, could affect performance of 2012-1. This concern is mitigated by the conservative analysis and stress assumptions applied to 2012-1, and resulting loss coverage, consistent with Fitch's criteria, and stable performance of AMOT and strong outlook on used vehicles values for 2012.

Legal Analysis: The legal structure of the transaction provides that a bankruptcy of Ally would not impair the timeliness of payments on the securities.

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:

--'Global Rating Criteria for Dealer Floorplan ABS' (Jan. 25, 2012).

--'Global Structured Finance Rating Criteria' (Aug. 11, 2011).

Applicable Criteria and Related Research:

Global Rating Criteria for Dealer Floorplan ABS

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=666405

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 AnalystHylton Heard, +1-212-908-0214Senior DirectorFitch, Inc.One State Street PlazaNew York, NY 10004orSecondary AnalystJuveria Mozaffar, +1-312-606-2335Associate DirectororCommittee ChairpersonDu Trieu, +1-312-368-2091Senior DirectororMedia Relations:Sandro Scenga, +1-212-908-0278Email: sandro.scenga@fitchratings.com

Source: Fitch Ratings


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