LITTLETON, MA -- (Marketwired) -- 07/30/14 -- Dover Saddlery, Inc. (NASDAQ: DOVR) will release its second quarter 2014 results after the market closes on Monday, August 11th, 2014.
Dover Saddlery executives will host a conference call to review results at 4:30pm ET on the same day. Interested parties may access the call by dialing +1-877-712-7037 or may listen to the call live via webcast. To access the webcast please go to http://investor.shareholder.com/DOVR/events.cfm and click on the webcast icon.
About Dover Saddlery, Inc.
Dover Saddlery, Inc. (NASDAQ: DOVR) is the leading multichannel retailer of equestrian products in the United States. Founded in 1975 in Wellesley, Massachusetts, by United States Equestrian team members, Dover Saddlery has grown to become The Source® for equestrian products. Dover offers a broad and distinctive selection of competitively priced, brand-name products for horse and rider through catalogs, the Internet and company-owned retail stores. Dover Saddlery, Inc. serves the English rider and through Smith Brothers, the Western rider. The Source®, Dover Saddlery® and Smith Brothers® are registered marks of Dover Saddlery.
For more information, please call 1-978-952-8062 or visit www.DoverSaddlery.com.
Janet Nittmann Email Contact Tel 978-952-8062 x218
Source: Dover Saddlery
Seattle, WA (PRWEB) July 30, 2014
Solid Apollo LED introduces the new InstaLumen Driverless LED Light Bar which plugs directly into any standard household AC outlet. Bring energy saving, long lasting LED illumination to any indoor location. The low profile and premium design is UL listed and comes ready to plug in straight out of the box. The InstaLumen LED Light Bar can even be hardwired to create a seamless and wireless appearance.
Currently do-it-yourselfers, architects and lighting designers could only choose between clumsy basic light bars to over the top expensive light bar systems. The less expensive indoor LED light bars require drivers and transformers, leading to more wiring and more installation time. The more expensive options offer plug and play capability but have more bulky designs. Users needed an easy to mount LED light bar which can either be out of site or at least mounted discretely.
The InstaLumen Light Bar is the solution, by providing a low profile design while still being budget friendly. "Out of the various light bar options we have, our customers needed a LED light bar that was more user friendly, something that works immediately right of the box, that is where the InstaLumen Light Bar shines," stated Manuel Barquin, CEO of Solid Apollo LED. Optionally, the InstaLumen Light Bar can be hard wired directly to a power source for a more seamless integrated appearance. The clean premium design and built in mounting points help give the InstaLumen a compact and low profile shape.
The InstaLumen Light Bar includes long lasting LED diodes, and consumes little power resulting in direct energy savings. And without the need for transformers and drivers, wiring is eliminated and installation time is greatly reduced. The double row of bright LED lights never become hot to the touch compared to incandescent light bulbs.
The InstaLumen Light Bar has a durable sealed design, so there is no worry of damaging the bright double row of LED's. The InstaLumen comes in glossy white and shines one of two optional white colors, Daylight White or Pure White, and comes in lengths of 20 or 40 inches. The 20 inch length is perfect for smaller areas, such as closets and pantries, whereas the 40 inch length is great for bathrooms, project areas and workbenches. The InstaLumen Driverless LED Light Bar is the fastest way to add beautiful lighting to a variety of areas, from under cabinets, to closets or garages.
Soild Apollo LED has a range of driverless LED products, such as the RGB Color Changing Waterproof Light Strip which comes in lengths up to 165 continuous feet long with only one plug in, and has several optional controllers for color changing or solid color display.
About SolidApollo.com: Solid Apollo manufactures and distributes a wide range of LED lighting products and solutions.
Read the full story at http://www.prweb.com/releases/2014/08/prweb12059615.htm
CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has affirmed the ratings of Embotelladora Andina S.A. (Andina) as follows:
--Foreign currency and local currency long-term Issuer Default Rating (IDR) at 'A-';
--Senior unsecured notes at 'A-';
--National scale rating at 'AA(cl)';
--Senior unsecured local notes at 'AA(cl)';
--National equity rating at 'Primera Clase Nivel 2'.
The Rating Outlook is Stable.
KEY RATING DRIVERS
Business Position and Diversification
Andina is the third largest Coca-Cola bottler in Latin America in terms of volume and the seventh largest Coca-Cola bottler worldwide. The company has solidified its operations in Argentina, Brazil, Chile and Paraguay through its recent acquisitions. Brazil is the largest contributor to sales and EBITDA at 39% as of the first quarter of 2014 (1Q'14), followed by Chile (29% of sales, 33% of EBITDA), Argentina (25% of sales, 18% of EBITDA), and Paraguay (7% of sales, 10% of EBITDA).
Consolidated volumes increased 28% in 2013, reaching 763 million unit cases (UC); volumes were 222 million UC as of 1Q'14. EBITDA was USD514 million in 2013; this is an 18% increase over 2012. Operations in 2013 improved markedly due to a full year of Kopolar results and three months of Ipiranga. Not considering these acquisitions, sales volumes increased 2% in 2013 and sales increased 3%. Most of the increase in volumes was related to non CSD products. Cost pressures from higher distribution expenses in Chile and increased competition were partly offset by price increases and lower sugar costs.
High Net Leverage
The company's recent debt financed USD510 million acquisition of Brazilian company Companhia de Bebidas Ipiranga pushed net leverage up to 2.3x as of the latest 12 months (LTM) March 31, 2014. This is significantly higher than Andina's average net debt-to-EBITDA ratio of 0.12x maintained from 2008-2012. In recent years Andina has pursued a more aggressive growth strategy; Andina acquired Companhia Bebidas Ipiranga in October 2013, Embotelladoras Coca-Cola Polar (Kopolar) in October 2012 and Sorocaba Refrescos S.A. (Sorocaba) in August 2012. Fitch expects the company to lower net leverage to below 2.0x by the end of 2014 and to 1.5x within the next 24 months.
Increased Exposure to Brazil
In terms of volume, the company is the third largest bottler of Coca-Cola products in Brazil. Andina's exposure to Brazil has increased in part due to its recent acquisitions. Brazil accounts for 36% of consolidated sales volumes as of March 31, 2014, 39% of revenues, and 39% of EBITDA. Increased exposure to Brazil and/or Argentina or a downgrade of Brazil's country ceiling could place additional pressure on the company's ratings.
Stable Cash Flow Generation
Andina generated USD441 million in funds from operations (FFO) as of the LTM March 31, 2014 and USD362 million in CFO. FFO compares favorably with previous years as Andina has been able to strengthen its market position. Due to the nature of its business as a cash flow generator, the company has paid out dividends upwards of 60%. Fitch expects dividend payments to be slightly lower in 2014 and 2015 as the company focuses on decreasing net leverage.
A negative rating action could occur if Fitch believes that net leverage will remain above 1.5x during the next 18 to 24 months. A downgrade in the ratings of Brazil or Chile that results in a downgrade of their respective country ceilings could lead to a negative rating action.
A positive rating action is not likely in the near term given the company's current leverage. A return to historical net leverage levels for a continued period of time and a conservative financial strategy would be viewed favorably. While Andina's rating does not explicitly factor in support from The Coca-Cola Company, a decrease of Coke's participation in the ownership structure would be viewed negatively.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Corporate Rating Methodology' (May 28, 2014);
--'National Scale Ratings Criteria' (Oct. 30, 2013).
Applicable Criteria and Related Research:
Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage
National Scale Ratings Criteria
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60602
Elizabeth Fogerty, +1 212-908-0526
Source: Fitch Ratings
Jamil Zabaneh brings to new role years of experience as Vice President of National Accounts
LOUISVILLE, Ky.--(BUSINESS WIRE)-- J&L Marketing announced today that owner and former president Scott Joseph will be taking on the role of CEO of the company. Joseph has named Jamil Zabaneh as the new president of J&L Marketing.
Jamil Zabaneh, new president of J&L Marketing (Photo: Business Wire)
Founded in 1991, J&L Marketing has grown under Josephâ€™s leadership from a 2-person company located in a 250 square foot office to a 98-employee, multi-million dollar organization that includes two Louisville office locations and an in-house printing facility. Over the years, the company has expanded its multi-national market reach and built up its products to include direct marketing campaigns that encompass email, direct mail, video, social and digital advertising. Today, J&L Marketing is the nationâ€™s highest rated automotive owner marketing agency.
Now Joseph has decided to take on the role of the companyâ€™s CEO, allowing him to focus on the companyâ€™s long-term big picture.
â€śThe company has simply gotten too large for one person to oversee, which is a good thing,â€ť Joseph said. â€śNaming Jamil Zabaneh as president will allow me to hand over the day-to-day duties of managing J&L Marketing to him. Moving forward my focus will be on the long-term direction and culture of the company, building strategic relationships and innovation.â€ť
Jamil Zabaneh has been with J&L Marketing for five years, and has most recently held the role of Vice President of National Accounts. During his time with J&L, Zabaneh has been pivotal in identifying product improvements and has spearheaded the creation of digital and video marketing components for J&Lâ€™s customers. Zabaneh also secured an account with the Chrysler Group, leading to J&Lâ€™s role as a preferred vendor with Chrysler. His successes, combined with his complete understanding of the companyâ€™s workings, made him the obvious choice for the role of president, according to Joseph.
â€śJamil gets it,â€ť said Joseph. â€śHeâ€™s worked hard to create meaningful partnerships throughout the automotive industry, and every project heâ€™s touched has thrived under his management.â€ť
For his part, Zabaneh looks forward to taking J&L Marketing in new directions over the coming years. â€śIâ€™m deeply honored to have been named president of a company that has seen such amazing growth under Scottâ€™s leadership. The foundation at J&L Marketing is already strong, and I plan to position the company for significant and intense growth over the next three years.â€ť
For more information about the changes in leadership at J&L Marketing, contact Cathy Dupont at firstname.lastname@example.org or (800) 346-9117.
Founded in 1991, J&L Marketing is the nationâ€™s highest rated automotive owner marketing agency. The company is SSAE Certified and recognized throughout the industry for its data security and data analytics. Using data driven strategies powered by its proprietary program, J&L works with clients to design and execute their direct marketing efforts. J&L Marketingâ€™s automotive equity data mining and lead generation, sales events, customer pay service clinics, email, direct mail, microsites, digital direct targeting, retargeting, social media, video and virtual BDC provide a complete range of automotive multi-channel direct marketing solutions for both sales and fixed operations. The company is a preferred vendor with BMW, Chrysler, GM, Mercedes-Benz and MINI. More information is available at www.jandlmarketing.com.
Cathy Dupont, 800-346-9117
Assistant, National Accounts
Source: J&L Marketing
Bradenton, FL (PRWEB) July 30, 2014
Automotive Digital Training recently launched a new website for its online training platform. The new attractive design is easy to navigate and research channels. Users are able to sign up for channels specific to their individual needs or subscribe to all of the entire package at a reduced rate. The new website offers preview videos and trainer biographies so users can get to know the trainers before they sign up.
ADT is the most comprehensive training platform because it features industry heavyweights Jim Zeigler, Danny Alkassmi, Sean V. Bradley, Ralph Paglia, Craig Lockerd and Peter "the Webdoc" Martin sharing their insight on their areas of expertise. This unique aspect of the platform allows trainers with different opinions and perspectives on the same topic are not filtered and they are able to share multiple viewpoints
"In the auto industry, everyone has an opinion and our goal was to provide an uncensored training platform. What works for one dealership may not work for another and by allowing viewers to see all the opinions we feel they will be more successful," said Peter "the Webdoc" Martin, president of Automotive Digital Training.
Automotive Digital Training is powered by LightSpeed VT, the premier interactive virtual training system available today. Where other platforms fall flat, LightSpeed VT delivers with ease of use, reporting and accountability, 24/7 web access and mobile-adaptivity on all of your advices.
After each video, viewers are tested on what they learn. If they do not pass they are able to retake the test once they are comfortable. They can go at their own pace and track results in a convenient dashboard. The videos are organized by subject and series so it is easy to find the training you need. Videos are available for unlimited views so users can watch and rewatch as many times as needed.
LightSpeed VT delivers the testing, scoring and reporting to track progress. See what skills have been mastered and what needs to improve. LightSpeed VT is an all-in-one classroom that you can use anywhere on your laptop, tablet or smartphone.
Videos are added to the platform as new research develops. The material is regularly updated and shares the most recent trends in automotive marketing, that the modern dealership needs to succeed. Whether dealers are training a new team or need to give their rockstars a refresher course, Automotive Digital Training has the program for every dealership.
To learn more visit http://www.automotivedigitaltraining.com and schedule a free demo.
About Automotive Digital Training
Automotive Digital Training is the all-in-one solution for the modern car dealership. ADT chooses trainers who are experts in their industry. With combined experience of more than 160 years, our team has trained more than 250,000 automotive sales professionals. ADT has something for everyone in your dealership. Subscription plans include everything from Human Resources management to basic phone scripts to executive level sales techniques and managerial tools. It also provides unique tracking and testing to ensure a high level of retention, a guarantee for owners and managers that their staff is learning and understanding what they're being taught. Because of the multi-channel platform, ADT is also a great solution for the individual sales professional.
Read the full story at http://www.prweb.com/releases/2014/08/prweb12059650.htm
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