NEW YORK, Feb. 10, 2012 /PRNewswire/ -- Fashion icons, media and fans are heading to New York Fashion Week to catch a glimpse at the hottest clothing and accessories for Fall -- including the Payless Designer Labels Christian Siriano for Payless Gold and Lela Rose for Payless.
(Logo: http://photos.prnewswire.com/prnh/20060627/CGTU040LOGO-b)
Among the most widely distributed designer footwear labels in America, the Payless Designer Collections feature original designs at incredibly affordable prices. The Fall '12 collections are expected to be available in September with styles typically starting at under $40 an item. Shoppers looking to glam up their Spring style now can shop the current Payless Spring Designer Collections, just arriving in stores and payless.com this week, including Christian Siriano for Payless Gold, Christian Siriano for Payless, Lela Rose for Payless, Isabel Toledo for Payless and Silvia Tcherassi for Payless.
"Providing high-end fashion pieces at affordable prices is something we pride ourselves in season after season," said LuAnn Via, CEO and president of Payless ShoeSource. "Christian and Lela continue to create inspired designs that translate well both on and off the runway; and we are thrilled to make their unique designs, along with all our Designer Labels, available and accessible for all to wear and enjoy."
Inspired by the 1930s movie, "The Vampire Bat," the Christian Siriano for Payless Gold label for Fall '12 draws from the dark, dramatic presence of bats with the intricate detail of the creature's veins and bones in a striking nine-piece collection. The lead actress in the film, Fay Wray, played an elegant and sophisticated woman who wore beautiful blouses tucked into long evening skirts in black and white -- a look juxtaposed with the horror content and backdrop of the movie. This was great inspiration to Christian's line, as well as the grainy nature of the old film, which influenced the white and black color palate seen throughout the accessory fabrications, which includes croco and snake prints, faux pony hair, rich black velvet and strong use of black and white "snow bat" croco. The Estella bootie, Christian's wear-it-with-everything ankle bootie, combines a black faux pony hair upper with the snow bat croco and is accented with a large buckle.
The long linear lines of cable-stayed bridges -- pioneered by Spanish architect, sculptor and structural engineer, Santiago Calatrava -- inspired Lela Rose for her Fall '12 collection. The Lela Rose for Payless Fall '12 shoes are created with a mix of fabrics and textures such as wool, leather and wood, shown in a range of rich, deep colors such as pewter, mustard, Bordeaux and navy. Details including unique stitched and tufted heels treatments, copper nail heads and curved T-Strap cutouts -- all tying back to the structural influences of Calatrava's bridge work. Each of the five shoes is named after a city that hosts one of Calatrava's bridge designs. The Pontevedra is a unique T-Strap pump that features a distinctive stitched heel and an exposed platform highlighted by vibrant striated color blocking. The pump's T-Strap incorporates a cable-stay bridge design with light cutouts up the T-strap vamp of the shoe.
The shoes that unveil on the runway at New York Fashion Week inspire the each designer's collection to be available at Payless in the fall.
About Payless Designer CollectionsPayless Designer Collections are a key strategy for Payless in its mission to democratize on-trend fashion, design and the latest ideas in footwear and accessories for all to enjoy. Payless Guest Designers include Christian Siriano, with two labels including Christian Siriano for Payless Gold collection, his line directly inspired by his shoe and handbag designs from his runway show at New York Fashion Week, as well as Christian Siriano for Payless, an expanded line for more every day styling and moderately priced starting at about $20 for his Spring items; Lela Rose, who also has two labels: Lela Rose for Payless and a special occasion line, Unforgettable Moments by Lela Rose; Isabel Toledo with Isabel Toledo for Payless; and Silvia Tcherassi with Silvia Tcherassi for Payless. This select group of fashion designers create designer footwear and accessory collections for Payless featuring the latest runway and red carpet styling offered at value prices. Each collection is unique and reflective of the designer's signature style.
About Payless & Collective Brands, Inc.Payless ShoeSource, Inc., a unit of Collective Brands, Inc., is the largest specialty family footwear retailer in the Western Hemisphere and is dedicated to democratizing fashion and design in footwear and accessories for all to enjoy. Payless offers customers a range of well-recognized brands such as Dexter®, Airwalk®, Champion®, Above the Rim® and Smart Fit®, as well as designer labels by Christian Siriano, Lela Rose, Isabel Toledo and Silvia Tcherassi. As of the end of the third quarter 2011, the company operated 4,455 stores throughout the Americas and an online store (www.Payless.com) and also currently has more than 140 franchised stores located in Asia, Eastern Europe, the Middle East and in Mexico and Peru.
Collective Brands, Inc. (NYSE: PSS) is a leader in bringing compelling lifestyle, fashion and performance brands for footwear and related accessories to consumers worldwide. The company operates three strategic units covering a powerful brand portfolio, as well as multiple price points and selling channels including retail, wholesale, ecommerce and licensing. Collective Brands, Inc. includes Payless ShoeSource; Collective Brands Performance + Lifestyle Group, focused on lifestyle and performance branded footwear and high-quality children's footwear sold primarily through wholesaling, with its brands including Stride Rite®, Keds®, Sperry Top-Sider® Robeez®, and Saucony®, among others; and Collective Licensing International, the brand development, management and global licensing unit, with such youth lifestyle brands as Airwalk®, Above The Rim®, Vision Street Wear®, STRIKEFORCE(TM), Clinch Gear(TM), Sims®, Lamar® and LTD®, World Snowboarding Championships(TM) and Hind®. Information about, and links for shopping on, each of the Collective Brand's units can be found at www.collectivebrands.com.
SOURCE Payless ShoeSource
Program designed to improve safety and quality in California hospitals
PLYMOUTH MEETING, Pa., Feb. 10, 2012 /PRNewswire-USNewswire/ -- ECRI Institute Patient Safety Organization announces an agreement to provide patient safety services to the California Hospital Patient Safety Organization (CHPSO). ECRI Institute PSO will support CHPSO with a patient safety data collection and reporting system and by analyzing adverse events and other information from participating hospitals and health systems.
The California Hospital Patient Safety Organization is one of the largest organizations dedicated to patient safety in the nation. More than half of all California hospitals have joined in this quest to eliminate preventable patient harm.
"Our new partnership with ECRI Institute will help expedite patient safety data collection and analysis," says Rory Jaffe, M.D., executive director of CHPSO. "Members will benefit from ECRI's extensive experience with health care reporting systems and safety initiatives, allowing California hospitals to accelerate learning from near misses and adverse events."
"We commend the California Hospital Patient Safety Organization for taking a strong leadership role in improving patient safety through the sharing of data. We look forward to providing the analyses and data to help them learn from and reduce adverse events," says Ronni Solomon, JD, executive vice president and general counsel, ECRI Institute.
The ECRI Institute Patient Safety analytics team, with experience handling more than 1.5 million adverse event reports, comprises an interdisciplinary staff of physicians, nurses, biomedical engineers, and instructional designers; quality, legal, and risk management professionals; individuals with safety, education, science, and engineering backgrounds; statisticians and data analysts, and information technology experts. In addition to the internal program team, the external advisory group includes physicians, nurses, lawyers, and senior executives at hospitals and health care associations.
ECRI Institute PSO uses a web-based patient safety collection and reporting system to capture patient safety data in a standardized manner compatible with the common data formats published by the Agency for Healthcare Research and Quality (AHRQ) and National Quality Forum (NQF) serious reportable events. ECRI Institute PSO supports numerous state-based PSO programs as well as hospitals, health systems, and other provider organizations nationwide.
For information about the ECRI Institute Patient Safety Organization, visit pso.ecri.org, e-mail pso@ecri.org, call (610) 825-6000, ext. 5389, or write to us at 5200 Butler Pike, Plymouth Meeting, PA 19462.
About CHPSOThe California Hospital Patient Safety Organization is one of the largest organizations dedicated to patient safety in the nation. CHPSO confidentially collects and analyzes patient safety data, develops and shares best practices, and helps individual hospitals accelerate safety improvement. More than half of all California hospitals have joined in this quest to eliminate preventable patient harm. CHPSO collaborates closely with the California Hospital Association and California's Regional Hospital Associations to ensure an integrated approach. It also maintains close alliances with other statewide PSOs, quality and safety agencies, research institutes and think tanks. As a result, members gain unprecedented access to the collective intelligence of patient safety experts and innovators.
About ECRI Institute For 43 years, ECRI Institute's work in patient safety, adverse event reporting and analysis, and development of recommendations has improved patient care at hospitals and other providers around the world. The ECRI Institute PSO—Patient Safety Organization—is a component of ECRI Institute, a nonprofit 501(c) (3) organization dedicated to improving the safety, quality, and cost-effectiveness of patient care. ECRI Institute has a long history of investigating events and publishing authoritative risk reduction strategies. ECRI Institute is designated as an Evidence-based Practice Center by the U.S. Agency for Healthcare Research and Quality. ECRI Institute developed and implements the Pennsylvania Patient Safety Reporting System, a mandatory error and near-miss reporting program for Pennsylvania hospitals and other health care facilities, under contract to the Pennsylvania Patient Safety Authority, winner of the 2006 John M. Eisenberg Award. For more information, visit https://www.ecri.org. Find ECRI Institute on Facebook (www.facebook.com/ECRIInstitute) and Twitter (www.twitter.com/ECRI_Institute).
SOURCE ECRI Institute
15 Million Daily Visitors Dramatically Expands Be Car Care Aware Audience
BETHESDA, Md., Feb. 10, 2012 /PRNewswire-USNewswire/ -- The Weather Channel Companies (TWCC) will feature vehicle care and maintenance content from the Car Care Council on weather.com, its popular online weather news and information site. A top-20 website, weather.com and the digital properties of The Weather Channel reach 62 million web consumers each month.
The Car Care Council, a non-profit organization dedicated to educating consumers about the benefits of vehicle care, maintenance and repair, has partnered with weather.com to provide selected tips and advice for motorists with links back to the new council website, www.carcare.org. With 15 million unique web consumers daily, TWCC has the sixth largest website in the United States.
"We continue to look at how to improve the user experience on weather.com, and that includes offering the best content about how weather affects daily life," said Michael Finnerty, vice president, weather.com for The Weather Channel Companies. "This content gives our consumers valuable information as part of our WeatherReady section to encourage safety preparation for a wide variety of severe weather conditions."
The weather.com site includes both videos and articles about auto safety from the Car Care Council, available from weather.com/safety. Consumers will find information and advice regarding topics such as car maintenance, safe driving and the effects different seasonal weather has on your car.
"The partnership between weather.com and the Car Care Council is a true win-win opportunity," said Rich White, Car Care Council executive director. "The council will provide credible third-party information for visitors to weather.com seeking tips and advice about how to prepare for a variety of weather driving conditions. In return, the council will position its messages on behalf of the aftermarket on one of the busiest websites in the country and increase its own website traffic."
About the Car Care Council:
The Car Care Council is a non-profit organization established to educate consumers about the benefits of regular vehicle care, maintenance and repair. The Council is the source of information for the "Be Car Care Aware" consumer education campaign which is an initiative funded and directed by the Automotive Aftermarket Industry Association (AAIA). For more information, visit www.carcare.org.
About The Weather Channel Companies:
The Weather Channel Companies (TWCC) is made up of TWC television network, TWC digital properties, and Weather Services International (WSI). Based in Atlanta, The Weather Channel® is seen in 100 million+ U.S. households. TWC operates Weatherscan, a 24-hour all-local weather network; TWC Radio Network; and TWC HD. The most popular source of online weather news and information, TWCC properties reach 60 million monthly Web consumers (weather.com and Desktop) and 32 million monthly mobile users (mobile Web and applications). WSI, headquartered in Andover, MA, primarily provides business-to-business weather services to media, aviation, marine and energy sectors. For more information, visit www.weather.com/press.
SOURCE Car Care Council
LAS VEGAS, Feb. 10, 2012 /PRNewswire/ -- NV Energy, Inc. (NYSE: NVE) announced that its board of directors today declared a cash dividend of $0.13 per share, payable on March 21 , 2012 to shareholders of record on March 6, 2012.
(Logo: http://photos.prnewswire.com/prnh/20100825/LA55163LOGO)
These statements contain forward-looking statements regarding the future performance of NV Energy, Inc. (NV Energy) within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties include, but are not limited to, the discretion of NV Energy's Board of Directors with respect to the payment of future dividends based on its periodic review of various factors, such as current and prospective financial condition, earnings and liquidity, prospective business conditions, regulatory factors, and dividend restrictions in NV Energy's and its subsidiaries' financing agreements. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of NV Energy and its subsidiaries are contained in its Annual Report on Form 10-K for the year ended December 31, 2010 and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2011, June 30, 2011 and September 30, 2011, each filed with the SEC. NV Energy undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE NV Energy, Inc.
DELSON, QUEBEC -- (MARKET WIRE) -- 02/10/12 -- Goodfellow Inc. (TSX: GDL) announced today its financial results for the first quarter ended November 30, 2011. The accompanying Interim Financial Statements for the first three months ended November 30, 2011 have been prepared in accordance with IFRS. The Company generated net earnings of $0.9 million or $0.10 per share compared to net earnings of $1.0 million or $0.11 per share a year ago. Consolidated sales for the first three months ended November 30, 2011 were $106.0 million compared to $109.4 million in the previous year. Cash flow from operations (excluding non-cash working capital items) for the first quarter of Fiscal 2012 decreased to $1.7 million from $2.1 million for the same period last year. The sales decline was mainly due to the decline from retail customer sales and a reduction of Industrial and Governmental project deliveries in the first quarter of Fiscal 2012. The Canadian housing market remained relatively active increasing 8.4% to 199,500 units on average (Source: CMHC) for the three months ended November 30, 2011 compared to 184,100 units in the first quarter a year ago. The sales decline was mitigated by our focused attention on cost reduction in all areas of our business in order to align our cost structure with expected lower business ahead.
"This result is a continuation of the last 5 quarters - sales declines with sluggish markets and efforts to reduce costs " said Richard Goodfellow, President and Chief Executive Officer. "Many parts of our business continue to show growth and profit while others struggle and are the focus of our efforts. Our clear objective is to maintain and improve overall profitability while growing market share in these most turbulent times."
Goodfellow Inc. is one of eastern Canada's largest independent re-manufacturers and distributors of lumber and hardwood flooring products. Goodfellow shares trade on the Toronto Stock Exchange under the symbol GDL.
GOODFELLOW INC.
Condensed Interim Consolidated Statements of Comprehensive Income
(in thousands of dollars, except per share amounts)
(unaudited)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Three Months
ended Nov 30
2011 2010
----------------------------------------------------------------------------
$ $
Sales 106,039 109,378
----------------------------------------------------------------------------
Expenses
Cost of goods sold 85,571 87,885
Selling, administrative and general expenses 18,846 19,705
Financial costs 334 398
----------------------------------------------------------------------------
104,751 107,988
----------------------------------------------------------------------------
Earnings before income taxes 1,288 1,390
Income taxes 399 431
----------------------------------------------------------------------------
Net earnings, being comprehensive income 889 959
----------------------------------------------------------------------------
Earnings per share
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Basic and diluted 0.10 0.11
----------------------------------------------------------------------------
GOODFELLOW INC.
Condensed Interim Consolidated Statement of Financial Position
(in thousands of dollars)
(unaudited)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Nov 30 Nov 30 Aug 31 Sep 1
2011 2010 2011 2010
----------------------------------------------------------------------------
$ $ $ $
Assets
Current Assets
Cash and cash equivalents 328 562 210 548
Trade and other receivables 55,689 58,418 71,284 81,184
Income taxes recoverable 4,217 486 3,708 -
Inventories 72,339 71,819 58,722 63,367
Prepaid expenses 3,314 2,171 1,699 1,647
----------------------------------------------------------------------------
Total Current Assets 135,887 133,456 135,623 146,746
Non Current Assets
Property, plant and equipment 36,737 38,057 37,125 37,854
----------------------------------------------------------------------------
172,624 171,513 172,748 184,600
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Liabilities
Current liabilities
Bank indebtedness 28,491 24,058 28,617 27,132
Trade and other payables 24,896 28,034 24,486 34,597
Income taxes payable - - - 1,584
----------------------------------------------------------------------------
Total Current Liabilities 53,387 52,092 53,103 63,313
Non-Current Liabilities
Provisions 1,506 1,427 1,498 1,400
Deferred income taxes 2,195 2,236 2,195 2,234
Defined benefit plan obligation 1,600 3,041 2,048 3,323
----------------------------------------------------------------------------
Total Non-Current Liabilities 5,301 6,704 5,741 6,957
----------------------------------------------------------------------------
58,688 58,796 58,844 70,270
----------------------------------------------------------------------------
Shareholders' equity
Share capital 9,222 9,222 9,222 9,222
Retained earnings 104,714 103,495 104,682 105,108
----------------------------------------------------------------------------
113,936 112,717 113,904 114,330
----------------------------------------------------------------------------
172,624 171,513 172,748 184,600
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GOODFELLOW INC.
Condensed Consolidated Statements of Cash Flows
(in thousands of dollars)
(unaudited)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Three Months
ended Nov 30
----------------------------------------------------------------------------
2011 2010
----------------------------------------------------------------------------
$ $
Cash Flows Used From Operating Activities
Net Earnings 889 959
Adjustments for :
Depreciation 703 738
Accretion expense on Provisions 8 27
Income tax expenses 399 431
Interest expenses 159 263
Funding in excess of pension plan of expenses (448) (282)
----------------------------------------------------------------------------
1,710 2,136
----------------------------------------------------------------------------
Changes in non-cash working capital items 743 7,298
Interest paid (129) (332)
Income taxes paid (908) (2,501)
----------------------------------------------------------------------------
(294) 4,465
----------------------------------------------------------------------------
Cash Flows Used By Financing Activities
(Decrease) in bank loan (6,000) (13,000)
Increase in banker's acceptances 5,000 10,000
Dividends paid (857) (2,572)
----------------------------------------------------------------------------
(1,857) (5,572)
----------------------------------------------------------------------------
Cash Flows Used By Investing Activities
Acquisition of property, plant and equipment (315) (941)
----------------------------------------------------------------------------
(315) (941)
----------------------------------------------------------------------------
Net cash (outflow) inflow (756) 88
Cash position, beginning of period (9,407) (3,584)
----------------------------------------------------------------------------
Cash position, end of period (10,163) (3,496)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Cash position is comprised of :
Cash and cash equivalents 328 562
Bank overdraft (10,491) (4,058)
----------------------------------------------------------------------------
(10,163) (3,496)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GOODFELLOW INC.
Condensed Consolidated Statements of Change in Shareholder's Equity
(in thousands of dollars, except per share amounts)
(unaudited)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Share Retained
Capital Earnings Total
----------------------------------------------------------------------------
$ $ $
Balance as at September 1, 2011 9,222 104,682 113,904
----------------------------------------------------------------------------
Net earnings - 889 889
Transactions with owners, recorded
directly in equity
Dividends - (857) (857)
----------------------------------------------------------------------------
Balance as at November 30, 2011 9,222 104,714 113,936
----------------------------------------------------------------------------
Share Retained
Capital Earnings Total
----------------------------------------------------------------------------
$ $ $
Balance as at September 1, 2010 9,222 105,108 114,330
----------------------------------------------------------------------------
Net earnings - 959 959
Transactions with owners, recorded
directly in equity
Dividends - (2,572) (2,572)
----------------------------------------------------------------------------
Balance as at November 30, 2010 9,222 103,495 112,717
----------------------------------------------------------------------------
Contacts: Goodfellow Inc. Richard Goodfellow President and CEO (450) 635-6511 (450) 635-3730 (FAX) info@goodfellowinc.com
Source: Goodfellow Inc.
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