CORALVILLE, Iowa, Dec. 4 /PRNewswire-FirstCall/ -- Vivakor, Inc. (OTC Bulletin Board: VIVK) today confirmed that its shareholders of record on December 1, 2009 will receive the dividend of shares of common stock of HealthAmerica, Inc. that was previously approved by Vivakor's Board of Directors. HealthAmerica is a private Nevada corporation of which Vivakor owned approximately 84% of the outstanding common shares on the record date. The distribution date is still expected to be December 9, 2009. Each Vivakor shareholder will be entitled to receive one share of HealthAmerica common stock for each share of Vivakor common stock beneficially owned on December 1, 2009. After the dividend distribution, Vivakor will continue to own approximately 62% of the outstanding common stock of HealthAmerica.
Vivakor shareholders will not be required to take any action to receive the HealthAmerica common shares on the distribution date.
About Vivakor, Inc.
Vivakor(TM) is a biomedical/biotechnology company with transdisciplinary research that develops and acquires products in the fields of molecular medicine, electro-optics, biological handling and natural and formulary compounds, that extend or improve life. More information can be found about Vivakor at www.vivakor.com.
About HealthAmerica, Inc.
HealthAmerica is developing a patented, FDA 510(k) cleared, technology (VIVASlices(TM) that is expected to enhance the resolution of images resulting from MRI. The underlying algorithm may also be useful in determining blood flow velocity measures in imaged tissues, which would be valuable in accessing areas of blood flow constriction from plaques or other hematologic deposits. This information could help physicians better diagnose, predict and assess stroke and related diseases involving blood flow obstruction.
At the end of 2000, there were approximately 9,500 MRI (magnetic resonance imaging) systems installed worldwide. While changes in medical reimbursements have slowed the sale of new machines, there is an increased demand for improved efficiency (i.e. accelerated patient throughput) from current systems. Additionally, intense competition between various medical facilities and the rapid distribution of new advances in imaging (such as MR angiographies, which allow evaluation of blood vessels without any invasive procedure) puts additional pressure on MRI because increased image quality requires additional time. Thus there is a huge need for an application like VIVASlices that can improve both throughput and image quality.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including, but not limited to, statements regarding Vivakor's and HealthAmerica's products and markets. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the Securities and Exchange Commission, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Vivakor undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.
Contact:
Vivakor, Inc.
Matt Nicosia, 319-625-2172
mnicosia@vivakor.com
SOURCE Vivakor, Inc.
PITTSBURGH--(BUSINESS WIRE)-- Black Box Corporation (NASDAQ: BBOX) announced today that it has entered into a settlement with the Securities and Exchange Commission (the "SEC") regarding the previously-disclosed SEC investigation into the Company's historical stock option practices.
The Company has agreed to settle with the SEC, without admitting or denying the allegations in the SEC's complaint, by consenting to the entry of a permanent injunction against future violations of the federal securities laws that require reporting companies to make periodic filings with the SEC, to make and keep accurate books and records and to devise and maintain an adequate system of internal accounting controls. The settlement does not require the Company to pay a civil penalty or other money damages.
Subject to approval by the United States District Court for the Western District of Pennsylvania, the settlement will conclude the SEC's investigation.
About Black Box
Black Box is the world's largest technical
services company dedicated to designing, building and maintaining
today's complicated data and voice infrastructure systems. Black Box
services more than 175,000 clients in 141 countries with 194 offices
throughout the world. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Black Box(R) and the Double Diamond logo are registered trademarks of BB Technologies, Inc. Any third-party trademarks appearing in this press release are acknowledged to be the property of their respective owners.
Source: Black Box Corporation
NAPW Thrives As Leading Professional Women's Association During Reception
NEW YORK--(BUSINESS WIRE)--
There's positive news for professional organizations that cater to the
interests and concerns of professional women. While many trade
associations are reporting reduced membership and less participation at
events, some professional women's associations appear to be bucking the
trend.
For example, one group, the National
Association of Professional Women (NAPW), says it is experiencing
unprecedented, double-digit membership growth and a flurry of local
market activity in cities across the country, with over 13 local
chapters opening in the past six months and 40 more opening by December.
NAPW
projects some 40,000 new members are expected to join in 2009 alone.
"Discussions
with members over the past two and a half years demonstrate that
professional women want what associations like NAPW provide," said
Matthew Proman, president of NAPW. "Professional women want powerful
business-growth resources and services, including interactive online
networking forums, access to seminars, webinars, podcasts and keynote
speakers."
According to Proman, the group is the
fastest-growing professional women's association in the United States.
Said Proman, "Our association's mission to inform, educate and provide
members with tools and forums to achieve ad maintain success within
their chosen profession in resonating well with professional women who
are looking for a place to network with like-minded women."
"While
economic slowdowns affect everyone, professional women are often
disproportionately impacted due to their limited business networks,"
said Cindy Burns, the organization's director of chapter development."
NAPW's
mentorship program has generated special interest. "The association's
mentorship programs are designed to fill what's perceived as a void in
the marketplace, helping professional women become more productive and
more resourceful. Here, members can interact with accomplished women who
are senior to them in their field of interest, "noted Proman.
"The
needs, wants and desires of our membership have grown along with the
economic downturn," said Burns. "Increasingly, our members want the
opportunity to meet other neighboring members. The association is
aggressively setting up local chapters, headed by local presidents,
where members will be able to get together to share ideas, discuss the
professional and social challenges they face, and seek advice from
fellow members."
To learn more about
NAPW, visit www.napw.com or call (866)540-NAPW - additionally follow NAPW
on Twitter, NAPW
on Youtube, and
Vator TV.
The National Association of Professional Women (NAPW) is an exclusive
network for professional women to connect, learn and inspire. NAPW
members enjoy a wealth of resources and services dedicated to the
enhancement, empowerment and promotion of their careers
Source: National Association of Professional Women (NAPW)
NOVATO, Calif., Dec. 4 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA) today announced a fully diluted loss per share of $(0.03) for the fiscal year ended September 30, 2009. Earnings decreased approximately 111% versus the prior fiscal year, which were $0.28 per share. The decline in earnings is primarily attributable to decreased mutual fund assets under management throughout the year. Assets under management actually increased during the year, from $876 million at September 30, 2008 to $923 million at September 30, 2009. However, amidst the recent upheaval and crisis in the financial markets, assets dipped to a low of $475 million in March, 2009 and have since rebounded significantly.
"This has been a year marked by extreme movements in the financial markets, one that I think many investors will be glad to have behind them. In the first half of our fiscal year, the major indices plummetted approximately 30-35%, and Hennessy Advisors experienced a loss of $248 million in assets under management due solely to market depreciation. Then, in the second half of the fiscal year, the indices rallied back, gaining roughly 30-35%, and we saw our assets increase by $214 million due to market appreciation," said Neil Hennessy, President and CEO of Hennessy Advisors, Inc. "While we had new purchases into the Hennessy Funds totaling $80 million for the year, we experienced net outflows as nervous investors moved their investments into cash as the markets tumbled. Many investors, in my opinion, remain paralyzed with fear and may be missing the current recovery by keeping their money on the sidelines," added Mr. Hennessy.
During the fiscal year ended September 30, 2009, Hennessy Advisors, Inc. acquired four mutual funds, totaling $232 million in assets, and launched the "Hennessy Select Series," a series of actively managed mutual funds that employ seasoned and highly qualified sub-advisors. The Hennessy Select SPARX Japan Fund and the Hennessy Select SPARX Japan Smaller Companies Fund, which launched in September, mark the company's first international product offerings. Additionally, Hennessy Advisors reduced its total debt by 70% and ends the fiscal year with a strong balance sheet, consisting of a cash balance of nearly three times the total debt.
"We have navigated the company through an extremely tumultuous market, and although we are reporting a small loss per share, I am proud to report that Hennessy Advisors remains strong, stable and resolute in our business strategy. We have aggressively built our distribution platforms and pursued accretive acquisitions throughout the past year, and we will continue working hard to try to build on these successes in the future," said Mr. Hennessy.
Financial Highlights
Year to Year
Twelve Months Ended
Fiscal Year Sept. 30, 2009 Sept. 30, 2008 $Change % Change
----------- -------------- -------------- ------- --------
Total Revenue $5,812,632 $10,275,043 $(4,262,411) -43.4%
------------- ---------- ----------- ----------- -----
Net Income (Loss) $(195,349) $1,611,434 $(1,803,783) -112.1%
----------------- --------- ---------- ----------- ------
Earnings (Loss) per
share diluted $(0.03) $0.28 $(0.31) -110.7%
------------------- ------ ----- ------ ------
Weighted Average
number of
shares outstanding 5,673,628 5,748,279 (74,651) -1.3%
------------------ --------- --------- ------- ----
At Period Ending
Date Sept. 30, 2009 Sept. 30, 2008 $Change % Change
---------------- -------------- -------------- ------- --------
Mutual Fund Assets
Under
Management $923,404,609 $876,069,040 $47,335,569 5.4%
---------- ------------ ------------ ----------- ---
Total Debt,
including current
portion $1,950,000 $6,508,694 $(4,558,694) -70.0%
------------------ ---------- ---------- ----------- -----
Retained Earnings $14,800,724 $15,513,537 $(712,813) -4.6%
----------------- ----------- ----------- --------- ----
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager of a wide range of both domestic and international equity products. Hennessy Advisors, Inc. is committed to their consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach, and to superior service to shareholders.
Supplemental Information
Nothing in this section shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
SOURCE Hennessy Advisors, Inc.
IRVING, Texas, Dec. 4 /PRNewswire-FirstCall/ -- EF Johnson Technologies, Inc. (Nasdaq: EFJI) announced today that it will highlight its Project 25 compliant two-way radios and FIPS 140-2 Validated(TM) secure broadband solutions at the National Guard Bureau Joint Information Technology Conference, December 7-9 at Disney's Coronado Springs Resort in Orlando, Florida.
"The National Guard is an elite group of warriors who dedicate a portion of their time to serving our country," said Michael Jalbert, president and chief executive officer of EF Johnson Technologies, Inc. "The Company has a proud heritage of providing rugged, reliable, and standards-based solutions to the National Guard. Thousands of our Project 25 compliant two-way radios, secure broadband access points, and other video, voice and data solutions have been deployed to National Guard units in support of their mission."
The National Guard Bureau Joint Information Technology Conference will bring the Army National Guard and Air National Guard together to review the IT structures within and related to the National Guard's dual role (State and Federal), and to discuss opportunities for integrated solutions.
About EF Johnson Technologies, Inc.
Headquartered in Irving, Texas, EF Johnson Technologies, Inc. focuses on innovating, developing and marketing the highest quality secure communications solutions to organizations whose mission is to protect and save lives. The Company's customers include first responders in public safety and public service, the federal government, and industrial organizations. The Company's products are marketed under the EFJohnson, 3e Technologies International, and Transcrypt International names and are Made in America. For more information, visit http://www.EFJohnsonTechnologies.com.
Safe Harbor
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward-looking statements due to a number of risk factors including, but not limited to, the timing and receipt of orders, the level of demand for the Company's products and services, dependence on continued funding of governmental agency programs, continued access to bank lines of credit, reliance on contract manufacturers, the timely procurement of necessary manufacturing components, software feature development and the implementation of application software, successful integration of the system components, general economic and business conditions, and other risks detailed in the Company's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the period ended December 31, 2008 and in the Company's subsequent filings with the SEC. These forward-looking statements are made as of the date of this press release and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
SOURCE EF Johnson Technologies, Inc.
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