Rex Luxury Car Rental Adds New Italian Models to its Fleet Jul 28, 2014 08:39PM

LOS ANGELES, July 28, 2014 /PRNewswire/ -- Rex Luxury Car Rental, a premier provider of luxury car rental services for the Greater Los Angeles area, announces the addition of two autos from two Italian automakers with reputations for excellence and glamor to its substantial rental fleet. Just added were the Maserati Ghibli and Lamborghini Gallardo, available for Los Angeles residents and visitors alike to cruise local roadways in true style. The Maserati Ghibli is now available in a sedan, while a Lamborghini Gallardo Convertible rental is offered with the model's fully retractable soft top.

Based in a convenient location near Los Angeles International Airport (LAX), Rex Luxury Car Rental can arrange complimentary pickup at your airline terminal, and also provide a detailed orientation of the features and equipment options on the Maserati and Lamborghini Gallardo selections. Drivers who seek the comfort of these most plush of rides, plus the eye-catching qualities of Italian style often depicted in movies and television, will definitely want to learn more about these very special models. That's especially true now, during the warm months, when more people are out and about. After all, for many drivers in Los Angeles it's not necessarily about just driving a high-end auto, but being seen driving one.

Of course, it's also important to be as comfortable as possible while driving any car. Automotive experts have praised the superb interior in the Maserati Ghibli, a complement to its powerful 3.0L V6 engine and smooth eight-speed automatic transmission. For the more adventurous driver, pop down the top of the Lamborghini Gallardo Spyder convertible and feel the breeze when you press the accelerator of an engine boasting more than 500 horsepower. Motorists might remember the Lamborghini's eye-catching look from appearances in television shows such as "Two and a Half Men" and "The Apprentice." And while James Bond is famously associated with the Aston Martin, at times he has been seen on screen in a Maserati.

The Gallardo sports car has become that leading Italian automaker's best-selling model. It's an impressive sight, whether cruising down Hollywood Boulevard or rolling along Interstate 15 toward Las Vegas or along curvy Mulholland Drive. Rex Luxury Car Rentals is offering 100 free miles per day with a rental of the Maserati Ghibli, and 150 free miles per day in the Lamborghini Gallardo convertible.

When renting a luxury car, not only should the vehicle be attractive and brilliantly engineered, your rental car company should be as reliable and helpful as possible. Rex Luxury Car Rentals was established in 1989 and is known for its commitment to providing the highest level of customer service and work quality for all of its clients. For more information about its impressive fleet of luxury vehicles visit or call today for an estimate at (310) 665-9000.

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SOURCE Rex Luxury Car Rental

West African Resources Limited Delivers Pre-Tax 57% IRR Stage 1 Gold Project Jul 28, 2014 08:38PM

PERTH, Australia--(BUSINESS WIRE)-- West African Resources Limited (ASX:WAF) (TSX-V:WAF) is pleased to announce the results of its technical and financial assessment of a heap leach starter project on its Mankarga 5 project, Burkina Faso.

This assessment constituted an independently managed scoping study (Australian JORC Code term) and a preliminary economic assessment (Canadian NI 43-101 term) and is herein for convenience referred to solely as the "Scoping Study". It was prepared in accordance with the requirements of both the 2012 JORC Code and NI 43-101.


Base case is stated on a pre-tax basis assuming 100% project at a gold price of $1,300/oz. All amounts are in US dollars unless otherwise stated.

- IRR of 57% with a 16 month payback on capital costs - Free cash flow of $103 million after capital costs

- NPV5% of $84 million

- Pre-production capital of $35 million plus working capital and contingency of $9 million

- Estimated average annual gold production of 59,400 ounces for first three years

- Estimated average annual gold production of 44,100 ounces for life of mine

- Current study mine life of 5.4 years

- Life of mine strip ratio 1:1

- Cash costs of $614/oz

- All-in sustaining cash costs of $685/oz (including cash costs, royalties, refining & sustaining capital)

Managing Director Richard Hyde, said, "The study has shown that Stage 1 of the development of Mankarga 5 has a very short payback, high internal rate of return and NPV two and a half times capital costs. The study marks an important milestone for us as we can now transition from explorer to a low capital cost developer, which is an excellent achievement only six months after acquiring the Mankarga 5 project."

To view the release, please visit:

About West African Resources Limited

West African Resources Limited (ASX:WAF) (TSX-V:WAF) is a gold-copper exploration company dedicated to creating shareholder value through the acquisition, exploration and development of resource projects in Burkina Faso, West Africa.

West African has a landholding of 6,370sq km and 200km of strike length of early Proterozoic Birimian greenstone belts, which are highly prospective for gold mineralisation.


West African Resources LimitedNathan Ryan, Investor RelationsT: +61-420-582-887E: info@westafricanresources.comWWW:

West African Resources Limited

Nathan Ryan, +61-420-582-887

Investor Relations

Source: West African Resources Limited

New Data Exposes Need for Greater Access to Information to Increase Literacy, Social and Economic Growth – Joe Issa Jul 28, 2014 08:35PM

(PRWEB) July 28, 2014

Executive Chairman of Cool Corp, Joseph John Issa, says in an interview in July 2014, that greater access to and use of information by Jamaican children and adults is critical to reducing the high illiteracy rate and increasing social and economic growth.

Issa's statement comes as new data in a report by the Ministry of Education entitled 'Caribbean Secondary Education Certificate (CSEC) Examination 2013: Analysis of the Public Schools' Performance, (Ministry of Education, 2013), show that as much as 60 per cent of students are failing to obtain the minimum five CSEC subjects with Mathematics and or English, which is the minimum requirement for matriculating to higher education and obtaining a decent entry-level job.

"When you have such a high percentage of students leaving secondary school in Jamaica without the matriculation requirement and cannot get a decent job, this means that there are challenges at that level in accessing, assimilating and articulating the relevant information.

"What it also means is that ultimately, the country will continue to be starved of the required level of educated workforce necessary to absorb greater levels of investment and increase production, thus stifling economic growth and hindering social mobility for a new generation of Jamaican citizens who, otherwise can contribute sustainably to the development of the country," says Executive Chairman of Cool Corp, Joseph John Issa.

Issa, who is a past student of the London School of Economics in the UK and a founder of charities to assist in the education of Jamaican and Caribbean children, says despite the best efforts of the authorities and most parents, "we still have too few children and adults who are empowered to access and assimilate information from a variety of sources particularly libraries which also provide internet access, and for a variety of uses that improve Jamaica's literacy rate and its capacity to grow."

The new data show that of the 35,278 children who sat the CSEC examinations, 21,166 or 60% failed to pass the minimum five subjects including Mathematics and or English.

The report shows that of those who passed five subjects with Mathematics and or English, only 7,181 had both, a slight increase compared with 2009; while 3,662 had English only and 408 Mathematics only, both representing significant reductions compared with 2009.

The figures also show that of the 16,195 students who passed 1-4 subjects, only 3,431 got four; 2,973, three; 2,959, two; 3,863, one; and 5,000 or 14%, none.

Another report published in July, entitled 'CSEC Ranking 2014' by Educate Jamaica Publications (Educate Jamaica Publications, 2014), shows that in 2012, more than 70 per cent of students, after five years of high school, did not reach the minimum matriculation requirement, and that in many of the 162 schools reviewed, significantly less than one per cent of students met this minimum standard.

Where library membership, circulation and computer usage are concerned, which are key indicators of access to and use of information, an email response from the Director General of the Jamaica Library Service (JLS), Karen Barton, shows that it oversees 928 school libraries, 13 main public libraries, 110 branches and 10 mobile libraries, and that in 2014, membership fell to 499,597 from 525,264 in 2013 and 548,899 in 2012. The information also shows that circulation of materials has been decreasing since 2012, while computer usage fell in 2013 and picked up in 2014.

"The decline in membership figures is mainly due to the periodic withdrawal of inactive members from the membership register," Barton explains in the email, noting that "a significant number of library users are not registered members due to the fact that users are able to access the services provided without being registered members."

She informs that "new efforts are being made to capture the data on unregistered users and to encourage these persons to become members… and a project now under early implementation entitled 'JLS: Using Technology to Empower Individuals and Communities for Development' will seek to, among other things, attract new members to the library through the use of technology."

Works Cited
Educate Jamaica Publications. (2014). CSEC Ranking 2014' by Educate Jamaica Publications. Educate Jamaica Publications. Retrieved from
Ministry of Education. (2013). Caribbean Secondary Education Certificate (CSEC) Examination 2013: Analysis of the Public Schools' Performance. Retrieved from

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Judge Approves $2 Billion Sale of Los Angeles Clippers; Allows Sale to be Completed Regardless of Appeal Jul 28, 2014 08:32PM

LOS ANGELES--(BUSINESS WIRE)-- Los Angeles Superior Court Judge Michael Levanas today cleared the way for the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer. The ruling is a complete victory for Greenberg Glusker client Shelly Sterling.

Trial Attorney Pierce O'Donnell of Greenberg Glusker, legal counsel to Shelly Sterling. (Photo: Business Wire)

Greenberg Glusker’s Managing Partner, Bob Baradaran, had high praise for the Firm’s trial team, which includes litigators Pierce O’Donnell, Bert Fields, Stephen Smith, Aaron Moss, Matthew Falley, Caroline Heindel, James Molen, Daniel Stone, Steven Stein and Elizabeth Sbardellati, and trust and estate lawyers Laura Zwicker, Marc M. Stern and Stefanie Lipson.

“Our team delivered an extraordinary result in a very short period of time, in a complex case that raised novel issues,” said Baradaran. “This ruling will enable our client to consummate the historic, $2 billion sale of the Clippers, which will benefit not only her, but the fans, players and entire Los Angeles sports community. Our hats go off to Pierce and to the entire team.”

Judge Levanas rejected Donald Sterling’s claim that his wife acted improperly in terminating him as co-trustee and entering into the sale, and ruled that the sale may be completed regardless of an appeal.

About Greenberg Glusker

For 55 years, Greenberg Glusker has held a unique position in Los Angeles as a full-service law firm. Greenberg Glusker maximizes client potential by providing legal counsel in matters involving entertainment, real estate, corporate, employment, environmental, intellectual property, litigation, taxation and trusts and estates. For more information, visit

Greenberg Glusker

Jonathan Fitzgarrald, 310-785-6864

Source: Greenberg Glusker

Neuberger Berman Appoints Former KKR Executive Clifford Chiu As Senior Adviser For Asia Jul 28, 2014 08:30PM

NEW YORK and HONG KONG, July 28, 2014 /PRNewswire/ -- Neuberger Berman, one of the world's leading employee-controlled investment managers, is pleased to announce the appointment of Clifford Chiu, former partner member at KKR & Co., as Senior Adviser to Neuberger Berman Asia, effective immediately.

Mr. Chiu will work across the Asia Pacific region to help Neuberger Berman continue to build its Asian client base. Mr. Chiu recently retired from KKR where, as the partner overseeing the firm's client business in Asia including Japan, he and his team raised close to US$15 billion in commitments from institutional investors in Greater China, Korea, Japan, Southeast Asia and Australia, for the various KKR private equity funds.  

"We are delighted to welcome Clifford to our team in Asia and learn from his vast insights as we continue to expand our presence in this region," said Nick Hoar, managing director and head of Asia Pacific for Neuberger Berman.

In addition to his leadership of KKR in Asia including Japan, Mr. Chiu served as a managing director responsible for the Asian institutional business with JP Morgan in Hong Kong and Tokyo from 2002-2007, and earlier as managing director and head of Hong Kong investment banking and co-head of Japan investment banking with Citigroup/Salomon Smith Barney in Hong Kong, Tokyo and New York.

Mr. Chiu currently serves as a director of Hsin Chong Construction Group and Cambium Learning Group, and holds Hong Kong government appointments as a board/committee member at the Financial Services Development Council (FSDC), Hospital Authority's (HA) Tsuen Kwan O Hospital, and West Kowloon Cultural District Authority. Additionally, he serves as a director of the global advisory boards at the University of Chicago Booth School of Business and the University of Pennsylvania's Weingarten Learning Resources Center. Mr. Chiu holds a Bachelor of Science in Economics degree from the University of Pennsylvania, Wharton School of Business, and his Masters of Business Administration from the University of Chicago Booth School of Business.

Neuberger Berman Asia employs more than 120 people and manages assets on behalf of some of the region's leading sovereign wealth funds, pension funds, insurance companies, private and retail banks.

Neuberger Berman

Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 17 countries, Neuberger Berman's team is more than 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $257 billion in client assets as of June 30, 2014. For more information, please visit our website at

Media Contact: Alex Samuelson, 212.476.5392, Asia, David Bloomfield, 852 3664 8838,

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SOURCE Neuberger Berman

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