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Scarcity Solutions for Cities & Industry Report 2017 - Focus on Desalination and Water Reuse

11 hours 8 min ago

Dublin, June 26, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Desalination and Water Reuse: Scarcity Solutions for Cities & Industry" report to their offering.

This report is an essential guide for EPC contractors to understand the client's needs, developers to identify procurement models, financing requirements and which projects are more likely to gain traction, in each region, and for end users to find out what alternative solutions are available based on their unique circumstances.

The report will cover the most relevant applications of the market including; direct potable reuse, indirect potable reuse, non-potable use, industrial, groundwater recharge, surface water enhancement and recreational applications.

The dynamics between desalination, reuse and traditional water sources depend heavily on differing regulations, costs and political climates from local to regional contexts. Local water scarcity issues, along with water reuse and recycling policies that can be difficult to design and implement, meaning that navigating this fragmented market remains a challenge. However, with new technologies, shifting public opinion and developing water recycling programs to enhance existing utility systems, there are now major opportunities to provide cost-effective and sustainable innovative solutions. Understanding these solutions will become increasingly critical as more competitors enter the market.

Desalination & Water Reuse will provide an in-depth analysis of both the municipal and industry sectors showing the main drivers, trends, and restraints affecting the market for advanced treatment technologies for desalination and reuse in each country. It will tell you where the best prospects are, who is active in the market and what they are doing. In addition, it will compare desalination and reuse, their drivers and differences, and why utilities would choose one over the other.

This report compares emerging technologies in this trend towards alternative water sources, which are opening up new opportunities for both municipal and industry sectors. The type of reuse and availability of desalination varies from region to region, and this report will identify the most common treatment technologies in each area/country and how the location for desalination and reuse affects this, so you can tailor the right solution for the right market.

Data and interviews behind this report make use of DesalData - the author's industry renowned network and desalination tracking database - making it the most comprehensive and reliable report on the market.

Key Features

Report Includes:

Global Overview - The desalination and water reuse sector is incredibly fragmented; this report is the only tool that explains the different approaches in specific regions, and defines and compares which solution is most beneficial. It will tell you which reuse applications are viable in each country and how regional water quality standards are affecting the uptake of desalination and reuse projects. In addition, it will uncover the most recent trends such as indirect potable reuse reclaimed water for industrial use.

Technologies - in-depth analysis and comparisons of core and emerging technologies and their regional considerations in desalination and reuse for both municipal and industry sectors. Find out how they meet industry needs and what place they have in the market, the recent trends and where they are commonly adopted. We will show you the clear trends in the reuse market in terms of the treatment technologies used and the destination of reuse water.

Global market forecasts and market size data - We will show the growth in desalination and reuse capacity and how this capacity breaks down by technology, end user and procurement model. We will also give a breakdown of installed capacity by technology type, procurement model, and reuse destination.

Country-by-country profiles - covering municipal and industrial desalination and reuse, showing where the most interesting developments are taking place from the Middle East to China, so you can identify the main trends and opportunities and plan your strategy for involvement.

Plants and Project Opportunities - We will list the top plants and major upcoming projects for both utilities and industrial desalination and reuse, helping you to understand the need for desalination as a water supply solution in a certain country, the procurement models they use, and how you can access the market.

Industry - We show you how increased pressure on industry to find alternative clean water sources, reducing freshwater withdrawals and conforming to tightening regulations are driving the adoption of zero liquid discharge practices, municipal wastewater reclamation for industrial use and reuse of produced/flowback water in the North American Oil and Gas market. This report will show you the clear trends in the treatment technologies and the industry methods used.

Market Drivers and Challenges

Water scarcity & regional water resources - We explore how different climates and regions affect the adoption of desalination and reuse - such as how arid regions in the Middle East have come to rely on desalination and technology to provide municipal water, and how scarcity impacts uptake of alternative water sources in various regions.

Cost - We explore how local regulations, availability of water resources, procurement models, and political situation affect the costs of desalination and reuse projects. We pinpoint the regions where water reuse is considered a cheaper alternative, and where desalination projects are preferred despite the increased costs.

Regulations - There are numerous local regulations restricting where recycled water can be used. This report helps you to navigate the regulations surrounding recycled water in each country, including what applications are permitted, water quality requirements, and what regulations mean for treatment technologies.

Public Perceptions - Reclaimed water is considered safe when appropriately used, although there are still public concerns over using reclaimed water and government policies on treatment. In some regions, opinion remains a challenge but in other regions there is a drive towards changing public perceptions, promising indirect and direct reuse opportunities in the future. This report will tell you which reuse applications are viable in each country.

Market Forecasts

In each country chapter, the report will highlight the major trends in desalination and reuse activity, covering the main industrial and municipal users each region, paying attention to the biggest industries.

Depending on regional trends, industry coverage can include:
Oil & gas, Refining, Power, Mining, Food and Beverage

Forecast categories

Additional and cumulative capacity

Plant types
Desalination

- Thermal
- SWRO
- BWRO

Wastewater reuse

- Triple barrier (UF/RO/Disinfection)
- Other secondary/tertiary reuse

Plant size

- Extra-large (>50,000 m3/d)
- Large (10-50,000 m3/d)
- Medium (1-10,000 m3/d)
- Small (<1,000 m3/d)

Capital expenditure

Plant types
Desalination

- Thermal
- SWRO
- BWRO

Wastewater reuse (*)

- Triple barrier (UF/RO/Disinfection) (*)
- Other secondary/tertiary reuse (*)

By equipment category

- Civil engineering
- Design costs
- Intakes/outfalls
- Pretreatment
- Pipes/High grade alloys
- Pumps
- Membranes
- Pressure vessels
- Thermal fabrication
- Energy recovery devices
- Equipment/materials
- Installation/services
- Legal/professional costs

Operating expenditure

By plant type
Desalination

- Thermal
- SWRO
- BWRO

Wastewater reuse (*)
Triple barrier (UF/RO/Disinfection) (*)
Other secondary/tertiary reuse (*)

By category

- Labour
- Thermal energy
- Electricity
- Membranes
- Chemicals
- Parts and materials

Spending on technologies (CAPEX+OPEX)

By plant type (*)

- Thermal desalination (*)
- SWRO (*)
- BWRO (*)
- Triple barrier reuse (*)

By sector

- Utility
- Industrial

For more information about this report visit https://www.researchandmarkets.com/research/42vznc/desalination_and


CONTACT: CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Water Treatment
Categories: State

California Nanotechnologies Provides Business Technology and Market Overview in New SNNLive Video Interview on StockNewsNow.com

23 June 2017 - 4:30am

LOS ANGELES, June 23, 2017 (GLOBE NEWSWIRE) -- StockNewsNow.com, The Official MicroCap News Source™, today published an SNNLive Video Interview with David Grant, CEO of California Nanotechnologies Corp. (TSX-V:CNO) (CANOF). California Nanotechnologies develops and manufactures nano-structured materials and components, according to the Company's website (www.calnanocorp.com). The video interview was recorded on Wednesday, June 7th, 2017 at the LD Micro Invitational 2017 in Bel Air, CA.

Click the following link to watch the SNNLive Video Interview on StockNewsNow.com:

California Nanotechnologies Corp. - Develops and Manufactures Nano-structured Materials and Components

You can follow Stock News Now on FACEBOOKTWITTERLINKEDINYOUTUBE, and STOCKTWITS

Please review important disclosures on our website at: http://stocknewsnow.com/legal.php#disclaimer

About California Nanotechnologies Corp.

California Nanotechnologies (CNO on TSX-V) is a world leader in the development of nano-structured materials and components. Metallic, ceramic, MMC, and MMNC materials are used in products for the microchip, aerospace and sports & recreational industries.

Through the incorporation of nano-sized structures and reinforcements these materials exhibit improved properties that include higher ultimate strength, hardness, fracture toughness, wear and chemical resistance, at a wide range of operating temperatures.

To provide these products, the company has a world class production facility that includes spark plasma sintering at both research and production levels, cryogenic milling, controlled atmospheric handling (glove boxes), high vacuum/high temperature degassing, spray drying, state of the art furnaces and characterization facilities that include a thermally assisted field emission, scanning electron microscope and ion beam milling.

For more information, go to: www.calnanocorp.com

About StockNewsNow.com

StockNewsNow.com is a microcap financial news portal that features news and insights from the microcap and emerging growth financial community. StockNewsNow.com is a multimedia destination hub for information about microcap and emerging growth public and private companies, market events, news, bulletins, stock quotes, expert commentary and company profiles that feature SNN-produced video like SNNLive CEO video interviews, as well as their latest news and headlines. Users can engage directly and share the information provided through social media.

Follow the companies YOU want to know more about; read and watch content from YOUR favorite microcap, emerging growth financial experts; register to attend financial conferences of YOUR choosing; find microcap and emerging growth financial professionals that YOU may be looking for - all here on StockNewsNow.com.

StockNewsNow.com
info@stocknewsnow.com

CONTACT: For further information, please contact: David Grant, Interim CEO T: (562) 404-8510 x107 C: (714) 757-8863 E: info@calnanocorp.com W: www.calnanocorp.com

Categories: State

Boating Safety Tips for Fourth of July High-Boating Traffic From the North American Safe Boating Campaign

21 June 2017 - 6:55am

MANASSAS, Va., June 21, 2017 (GLOBE NEWSWIRE) -- The Fourth of July holiday is the highest-boating traffic weekend of the summer. The National Safe Boating Council, a lead organization of the North American Safe Boating Campaign, encourages boaters to be responsible at all times while on the water.

“Every time I speak with someone affected by a boating accident, I’m more motivated to share about the importance of responsible boating – and that includes always wearing a life jacket,” said Rachel Johnson, CAE, executive director of the National Safe Boating Council.

U.S. Coast Guard statistics show that drowning was the reported cause of death in more than three-fourths of recreational boating fatalities in 2016, and that 83 percent of those who drowned were not wearing life jackets.

The National Safe Boating Council shares these boating safety tips for all boaters:

  • Wear a life jacket. Make sure everyone is wearing a U.S. Coast Guard-approved life jacket. New innovative styles provide mobility and flexibility during water activities.
  • Check equipment. Schedule a free vessel safety check with your local U.S. Coast Guard Auxiliary or U.S. Power Squadrons to make sure you have all the essential equipment.
  • Make a float plan. Let family and friends know where you’re going and when you will return.
  • Use an engine cut-off device. An engine cut-off device is a proven safety device to stop the boat’s engine should the operator unexpectedly fall overboard.
  • Watch the weather. Always check the forecast before departing on the water and frequently during your excursion.
  • Know what’s going on around you at all times. Nearly a quarter of all reported boating accidents in 2016 were caused by operator inattention or improper lookout.
  • Know where you’re going and travel at safe speeds. Familiarize yourself with local boating speed zones and always travel at a safe speed.
  • Never boat under the influence. A BUI is involved in one-third of all recreational boating fatalities.
  • Keep in touch. VHF radios, satellite phones, EPIRB or personal locator beacon, and cell phones can all be important devices in an emergency.

The North American Safe Boating Campaign unites the efforts of a wide variety of boating safety advocates and is produced under a grant from the Sports Fish Restoration and Boating Trust Fund, administered by the U.S. Coast Guard. For more information, visit www.safeboatingcampaign.com.

CONTACT: Media Contact: Yvonne Pentz, ypentz@paulwerth.com, 440-670-1294
Categories: State

Winnebago Industries Announces Third Quarter Fiscal 2017 Results

21 June 2017 - 6:00am

Revenues Increased 75% Over Prior Year Driven by Strong Towable Segment Growth
EPS of $0.61, Up 15% Over Prior Year; Includes Impact of $10.2 Million (Pre-Tax) of Amortization Expense
Quarterly Gross Margin Expansion of 380 Basis Points Compared to Prior Year

FOREST CITY, Iowa, June 21, 2017 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading United States recreational vehicle manufacturer, today reported financial results for the Company's third quarter of Fiscal 2017.

Third Quarter Fiscal 2017 Results
Revenues for the Fiscal 2017 third quarter ended May 27, 2017, were $476.4 million, an increase of 75.1% compared to $272.1 million for the Fiscal 2016 period.  Gross profit was $70.8 million, an increase of 134.0% compared to $30.3 million for the Fiscal 2016 period as gross profit margins expanded 380 basis points driven by a favorable product mix, including the addition of Grand Design products within the overall sales mix.  Operating income was $34.9 million for the current quarter, an improvement of 69.3% compared to $20.6 million in the third quarter of last year.  Fiscal 2017 third quarter net income was $19.4 million, or $0.61 per diluted share, an increase of 34.3% compared to $14.4 million, or $0.53 per diluted share, in the same period last year.  Growth in EPS was impacted by the recognition of $10.2 million of amortization expense during the quarter associated with the Grand Design acquisition.  Consolidated adjusted EBITDA was $47.3 million compared to $17.7 million last year, which is an increase of 167.2%.

President and Chief Executive Officer Michael Happe commented, “Our third quarter results continued to reflect the journey we are on here at Winnebago Industries to build a larger, more profitable, full-line RV portfolio.  The performance of our new Grand Design division and the associated integration activities continue to meet and even exceed our expectations, and are certainly accelerating our diversification within the still-growing North American RV industry.  We delivered strong improvement in gross margin, driven primarily by the overall shift of revenues to our more profitable Towables Segment.  We are gaining market share in both of our Towables businesses, including the Winnebago-branded side, and are aggressively investing in new products and further capacity expansion.  In the Motorized segment, we are building the foundation for future growth with significant activity around product-line rationalization, enhanced dealer coverage strategies, and focused new product development teams, improving quality and service support processes, and building toward a more nimble and lean manufacturing environment. In addition to solid sales and profitability results, we have also strengthened our balance sheet by reducing debt by $43 million during the quarter.  I would like to thank our Winnebago Industries employees for their hard work during the quarter and for their ongoing commitment to provide high-quality products and service to our end customers.”

Significant items related to the Grand Design acquisition that are impacting income before income taxes in the third quarter of Fiscal 2017:

•  Additional transaction costs related to the acquisition were $0.5 million, or $0.01 per diluted share, net of tax.
•  Amortization expenses of $10.2 million were recorded related to the definite-lived intangible assets acquired, or $0.21 per diluted share, net of tax. Starting next quarter (in the fiscal fourth quarter), we expect amortization expenses will be approximately $2.0 million per quarter through Fiscal 2021.
•  Interest expense of $5.3 million was recorded related to the debt associated with the acquisition of Grand Design, or $0.11 per diluted share, net of tax.

Motorized
Revenues for the Motorized segment were $241.7 million, down 2.0% from the previous year.  Segment Adjusted EBITDA was $12.6 million, down 22.3% from the prior year.  Adjusted EBITDA margin decreased 140 basis points, primarily driven by pricing adjustments, product mix and costs associated with transitioning production to the Company’s Junction City, Oregon facility.

Towable
Revenues for the Towable segment were $234.7 million for the quarter, up $209.3 million over the prior year, driven by the addition of $196.9 million in revenue from the Grand Design acquisition.  We also saw continued strong organic growth in Winnebago-branded Towable products in which revenues are up 49% compared to last year.  Segment Adjusted EBITDA was $34.7 million, up $33.2 million over the prior year.  Adjusted EBITDA margin increased 880 basis points, driven by higher volumes and a favorable product mix, including the addition of Grand Design products within this segment. 

Balance Sheet and Cash Flow
As of May 27, 2017, the Company had total outstanding debt of $286.9 million ($297.0 million of debt, net of debt issuance costs of $10.1 million) and working capital of $120.8 million.  The debt-to-equity ratio was 68.9% and the current ratio was 1.7 as of the end of the quarter.  Cash flow from operations was $62.2M in the quarter, representing a 53% increase from last year.

“As we head into the final quarter of Fiscal 2017, we remain optimistic about the ongoing growth of the RV industry," continued Mr. Happe.  "Solid macroeconomic fundamentals, combined with a surge of younger demographics embracing the outdoor lifestyle, as well as expanding use cases for RVs, suggest continued runway for increasing RV shipments and retail.  The strong growth in the Towable segment validates our full-line strategy and demonstrates our momentum, and we are pleased to note healthy and increasing backlog in both the Motorized and Towable segments this quarter.  As a result, we have approved investments in expanded capacity, including the addition of approximately 40% more production space within our Grand Design business.  We also recently initiated the selling process with our dealers for a new opening price Class A Gas product series and a new innovative Class B 4x4 product series, which we anticipate will have a positive impact on trends in our Motorized business.”

Conference Call
Winnebago Industries, Inc. will conduct a conference call to discuss third quarter Fiscal 2017 results at 9:00 a.m. Central Time today.  Members of the news media, investors and the general public are invited to access a live broadcast of the conference call via the Investor Relations page of the Company's website at http://investor.wgo.net.  The event will be archived and available for replay for the next 90 days.

About Winnebago
Winnebago is a leading U.S. manufacturer of recreation vehicles under the Winnebago and Grand Design brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers and fifth wheel products. Winnebago has multiple facilities in Iowa, Indiana, Oregon and Minnesota. The Company's common stock is listed on the New York and Chicago Stock Exchanges and traded under the symbol WGO. Options for the Company's common stock are traded on the Chicago Board Options Exchange. For access to Winnebago's investor relations material or to add your name to an automatic email list for Company news releases, visit http://investor.wgo.net.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. A number of factors could cause actual results to differ materially from these statements, including, but not limited to increases in interest rates, availability of credit, low consumer confidence, availability of labor, significant increase in repurchase obligations, inadequate liquidity or capital resources, availability and price of fuel, a slowdown in the economy, increased material and component costs, availability of chassis and other key component parts, sales order cancellations, slower than anticipated sales of new or existing products, new product introductions by competitors, the effect of global tensions, integration of operations relating to mergers and acquisitions activities, any unexpected expenses related to ERP, risks relating to the integration of our acquisition of Grand Design including; risks inherent in the achievement of cost synergies and the timing thereof; risks related to the disruption of the transaction to Winnebago and Grand Design and its management; the effect of announcement of the transaction on Grand Design's ability to retain and hire key personnel and maintain relationships with customers, suppliers and other third parties, risk related to compliance with debt covenants and leverage ratios, risks related to integration of the two companies and other factors. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or from the Company upon request. The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained in this release or to reflect any changes in the Company's expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based, except as required by law.


Winnebago Industries, Inc.Condensed Consolidated Statements of Income (Unaudited)(In thousands, except percent and per share data)      Three Months Ended  May 27, 2017 May 28, 2016Net revenues $476,364  100.0% $272,077  100.0 %Cost of goods sold 405,560  85.1% 241,820  88.9 %Gross profit 70,804  14.9% 30,257  11.1 %Operating expenses:        Selling 10,141  2.1% 4,770  1.8 %General and administrative 15,194  3.2% 6,487  2.4 %Postretirement health care benefit income —  —% (1,593) (0.6)%Transaction costs 450  0.1% —  — %Amortization of intangible assets 10,159  2.1% —  — %Total operating expenses 35,944  7.5% 9,664  3.6 %Operating income 34,860  7.3% 20,593  7.6 %Interest expense 5,265  1.1% —  — %Non-operating income (54) —% (77) — %Income before income taxes 29,649  6.2% 20,670  7.6 %Provision for income taxes 10,258  2.2% 6,232  2.3 %Net income $19,391  4.1% $14,438  5.3 %Income per common share:        Basic $0.61    $0.54   Diluted $0.61    $0.53   Weighted average common shares outstanding:        Basic 31,587    26,892   Diluted 31,691    27,004   

Percentages may not add due to rounding differences.

  Nine Months Ended  May 27, 2017 May 28, 2016Net revenues $1,092,183  100.0 % $711,972  100.0 %Cost of goods sold 943,188  86.4 % 631,191  88.7 %Gross profit 148,995  13.6 % 80,781  11.3 %Operating expenses:        Selling 25,564  2.3 % 14,714  2.1 %General and administrative 37,640  3.4 % 23,743  3.3 %Postretirement health care benefit income (24,796) (2.3)% (4,531) (0.6)%Transaction costs 6,374  0.6 % —  — %Amortization of intangible assets 22,578  2.1 % —  — %Total operating expenses 67,360  6.2 % 33,926  4.8 %Operating income 81,635  7.5 % 46,855  6.6 %Interest expense 11,571  1.1 % —  — %Non-operating income (137) — % (194) — %Income before income taxes 70,201  6.4 % 47,049  6.6 %Provision for taxes 23,794  2.2 % 14,699  2.1 %Net income $46,407  4.2 % $32,350  4.5 %Income per common share:        Basic $1.53    $1.20   Diluted $1.52    $1.20   Weighted average common shares outstanding:        Basic 30,333    26,935   Diluted 30,448    27,029   

Percentages may not add due to rounding differences.



Winnebago Industries, Inc.Condensed Consolidated Balance Sheets (Unaudited)(In thousands) 
  May 27,
 2017
 Aug 27,
 2016
ASSETS    Current assets:    Cash and cash equivalents $24,369  $85,583 Receivables, net 120,998  66,184 Inventories 144,422  122,522 Prepaid expenses and other assets 8,500  6,300 Total current assets 298,289  280,589 Total property and equipment, net 68,656  55,931 Other assets:    Goodwill 245,393  1,228 Other intangible assets, net 230,522  — Investment in life insurance 27,030  26,492 Deferred income taxes 14,695  18,753 Other assets 5,766  7,725 Total assets $890,351  $390,718      LIABILITIES AND SHAREHOLDERS' EQUITY    Current liabilities:    Accounts payable $79,599  $44,134 Current maturities of long-term debt 12,051  — Income taxes payable 6,094  19 Accrued expenses 79,750  48,796 Total current liabilities 177,494  92,949 Non-current liabilities:    Long-term debt, less current maturities 274,818  — Unrecognized tax benefits 1,755  2,461 Deferred compensation and postretirement health care benefits, net of current portion 18,982  26,949 Other 1,052  — Total non-current liabilities 296,607  29,410 Shareholders' equity 416,250  268,359 Total liabilities and shareholders' equity $890,351  $390,718 



Winnebago Industries, Inc.Condensed Consolidated Statements of Cash Flows (Unaudited)(In thousands)   Nine Months Ended  May 27,
 2017
 May 28,
 2016
Operating activities:    Net income $46,407  $32,350 Adjustments to reconcile net income to net cash provided by operating activities:    Depreciation 5,287  4,243 Amortization of intangible assets 22,578  — Amortization of debt issuance costs 889  — LIFO expense 897  1,280 Stock-based compensation 2,206  1,818 Deferred income taxes 6,396  2,717 Postretirement benefit income and deferred compensation expenses (23,687) (3,053)Other (946) (680)Change in assets and liabilities:    Inventories (7,497) (19,251)Receivables, prepaid and other assets (21,336) 1,905 Income taxes and unrecognized tax benefits 5,806  (766)Accounts payable and accrued expenses 32,778  14,345 Postretirement and deferred compensation benefits (2,428) (3,167)Net cash provided by operating activities 67,350  31,741      Investing activities:    Purchases of property, plant and equipment (9,740) (19,928)Proceeds from the sale of property 219  21 Acquisition of business, net of cash acquired (394,694) — Other 684  371 Net cash used in investing activities (403,531) (19,536)     Financing activities:    Payments for purchase of common stock (1,367) (3,058)Payments of cash dividends (9,554) (8,173)Payments of debt issuance costs (11,020) — Borrowings on credit facility 366,400  — Repayment of credit facility (69,400) — Other (92) 40 Net cash provided by (used in) financing activities 274,967  (11,191)     Net (decrease) increase in cash and cash equivalents (61,214) 1,014 Cash and cash equivalents at beginning of period 85,583  70,239 Cash and cash equivalents at end of period $24,369  $71,253      Supplemental cash flow disclosure:    Income taxes paid, net $11,811  $13,137 Interest paid $7,288  $— Non-cash transactions:    Issuance of Winnebago common stock for acquisition of business $124,066  $— Capital expenditures in accounts payable $279  $397 Accrued dividend $3,184  $— 



 Winnebago Industries, Inc.   Supplemental Information by Reportable Segment (Unaudited) - Motorized (In thousands, except unit data)   Quarter Ended    May 27,
 2017
% of
Revenue
 May 28,
 2016
% of
Revenue
 ChangeNet revenues $241,670   $246,684   $(5,014)(2.0)%Adjusted EBITDA 12,598 5.2% 16,218 6.6% (3,620)(22.3)%          Unit deliveries May 27,
 2017
Product
Mix % (1) May 28,
 2016
Product
Mix % (1) ChangeClass A 797 28.5% 654 22.4% 143 21.9 %Class B 471 16.9% 334 11.5% 137 41.0 %Class C 1,524 54.6% 1,929 66.1% (405)(21.0)%Total motorhomes 2,792 100.0% 2,917 100.0% (125)(4.3)%                      Nine Months Ended    May 27,
 2017
% of Revenue May 28,
 2016
% of Revenue ChangeNet revenues $635,732   $649,162   $(13,430)(2.1)%Adjusted EBITDA 31,738 5.0% 39,683 6.1% (7,945)(20.0)%          Unit deliveries May 27,
 2017
Product
Mix % (1) May 28,
 2016
Product
Mix % (1) ChangeClass A 2,263 32.8% 2,241 32.6% 22 1.0 %Class B 1,148 16.6% 831 12.1% 317 38.1 %Class C 3,488 50.6% 3,799 55.3% (311)(8.2)%Total motorhomes 6,899 100.0% 6,871 100.0% 28 0.4 %                         As Of  Backlog (2)    May 27,
 2017
May 28,
 2016
 ChangeUnits    1,640 1,513  127 8.4 %Dollars    $141,998 $134,495  $7,503 5.6 %          Dealer Inventory         Units    4,670 4,585  85 1.9 %

(1)  Percentages may not add due to rounding differences.
(2)  We include in our backlog all accepted orders from dealers to be shipped within the next six months.  Orders in backlog can be canceled or postponed at the option of the dealer at any time without penalty and, therefore, backlog may not necessarily be an accurate measure of future sales.



Winnebago Industries, Inc.Supplemental Information by Reportable Segment (Unaudited) - Towable(In thousands, except unit data)   Quarter Ended    May 27,
 2017
% of
Revenue
 May 28,
 2016
% of
Revenue
 ChangeNet revenues $234,694   $25,393   $209,301 824.2%Adjusted EBITDA 34,730 14.8% 1,512 6.0% 33,218 2,197.0%          Unit deliveries May 27,
 2017
Product
Mix % (1) May 28,
 2016
Product
Mix % (1) ChangeTravel trailer 4,359 58.5% 1,042 86.5% 3,317 318.3%Fifth wheel 3,092 41.5% 163 13.5% 2,929 1,796.9%  Total towables 7,451 100.0% 1,205 100.0% 6,246 518.3%                      Nine Months Ended    May 27,
 2017
% of Revenue May 28,
 2016
% of Revenue ChangeNet revenues $456,451   $62,810   $393,641 626.7%Adjusted EBITDA 59,340 13.0% 4,134 6.6% 55,206 1,335.4%          Unit deliveries May 27,
 2017
Product
Mix % (1) May 28,
 2016
Product
Mix % (1) ChangeTravel trailer 8,914 59.9% 2,562 86.1% 6,352 247.9%Fifth wheel 5,960 40.1% 413 13.9% 5,547 1,343.1%  Total towables 14,874 100.0% 2,975 100.0% 11,899 400.0%                         As Of  Backlog (2)    May 27,
 2017
May 28,
 2016
 ChangeUnits    8,657 412  8,245 2,001.2%Dollars    $269,965 $8,058  $261,907 3,250.3%          Dealer Inventory         Units    9,520 2,358  7,162 303.7%

(1)  Percentages may not add due to rounding differences.
(2)  We include in our backlog all accepted orders from dealers to be shipped within the next six months.  Orders in backlog can be canceled or postponed at the option of the dealer at any time without penalty and, therefore, backlog may not necessarily be an accurate measure of future sales.

                

Winnebago Industries, Inc. Non-GAAP Reconciliation
We have provided non-GAAP financial measures, which are not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in the accompanying news release that are calculated and presented in accordance with GAAP.  Such non-GAAP financial measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the news release.  The non-GAAP financial measures in the accompanying news release may differ from similar measures used by other companies.

The following table reconciles net income to consolidated Adjusted EBITDA.   Quarter Ended Nine Months Ended(In thousands) May 27,
 2017
 May 28,
 2016
 May 27,
 2017
 May 28,
 2016
Net income $19,391  $14,438  $46,407  $32,350 Interest expense 5,265  —  11,571  — Provision for income taxes 10,258  6,232  23,794  14,699 Depreciation 1,859  1,480  5,287  4,243 Amortization of intangible assets 10,159  —  22,578  — EBITDA 46,932  22,150  109,637  51,292 Postretirement health care benefit income —  (1,593) (24,796) (4,531)Legal settlement —  (2,750) —  (2,750)Transaction costs 450  —  6,374  — Non-operating income (54) (77) (137) (194)Adjusted EBITDA $47,328  $17,730  $91,078  $43,817 

We have provided non-GAAP performance measures of EBITDA and Adjusted EBITDA as a comparable measure to illustrate the effect of non-recurring transactions occurring during the quarter and improve comparability of our results from period to period.  EBITDA is defined as net income before interest expense, provision for income taxes, and depreciation and amortization expense.  We believe EBITDA and Adjusted EBITDA provide meaningful supplemental information about our operating performance because each measure excludes amounts that we do not consider part of our core operating results when assessing our performance. These types of adjustments are also specified in the definition of certain measures required under the terms of our credit facility.  Examples of items excluded from Adjusted EBITDA include the postretirement health care benefit income from terminating the plan, a favorable legal settlement and the transaction costs related to our acquisition of Grand Design.

Management uses these non-GAAP financial measures (a) to evaluate our historical and prospective financial performance and trends as well as its performance relative to competitors and peers; (b) to measure operational profitability on a consistent basis; (c) in presentations to the members of our board of directors to enable our board of directors to have the same measurement basis of operating performance as is used by management in their assessments of performance and in forecasting and budgeting for our company; (d) to evaluate potential acquisitions; and, (e) to ensure compliance with covenants and restricted activities under the terms of our Credit Facility. We believe these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties to evaluate companies in our industry.

CONTACT: Contact: Ashis Bhattacharya - Investor Relations - 952-828-8414 - abhattacharya@wgo.net Media Contact: Sam Jefson - Public Relations Specialist - 641-585-6803 - sjefson@wgo.net
Categories: State

Greybrook Realty Partners Invests $12,650,000 in a Mid-Rise Residential Development Project with Marlin Spring in Toronto, Ontario

20 June 2017 - 11:18am

TORONTO, June 20, 2017 (GLOBE NEWSWIRE) -- Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $12,650,000 to acquire and oversee the development of a prime parcel of land located in Toronto, Ontario. Together with its developer partner, Marlin Spring, the firm will develop the land into a mixed-use mid-rise condominium residence consisting of over 240 units and 5,000 square feet of commercial space at grade.

Located within the northern-most boundary of the Junction neighbourhood in the City of Toronto, the development site is situated on St. Clair Avenue West amidst an established residential and commercial community. The development site is steps away from some of the city’s trendiest bars, shops, restaurants and music venues, and is easily accessible via TTC transit. Nearby amenities include the Stockyards Village shopping centre and outdoor recreational spaces at George Bell Arena and Runnymede Park.

“With the continued gentrification and ongoing investment in the area, the Junction is an ideal location for our offering of a boutique mixed-use condominium,” explains Peter Politis, CEO, Greybrook Realty Partners. “The project provides our investors with an attractive Toronto-based development and buyers with much needed housing supply within the City of Toronto. This is one of several partnerships we have with Marlin Spring, a developer that is quickly establishing a reputation for their forward-thinking and strong execution.”

About Greybrook Realty Partners Inc.

Greybrook Realty Partners is a Toronto-based asset management firm that invests equity in large scale development-based opportunities. Greybrook Realty Partners offers investors the unique ability to partner with leading North American real estate developers and share in value creation activities. Greybrook Realty Partners and its affiliates have invested in over 50 real estate projects in Greater Toronto Area, Greater Golden Horseshoe region, and South Florida markets. In aggregate, its real estate investment portfolio is expected to result in the development of over 17 million square feet of residential and commercial density, with an estimated completion value of $8 billion.

This news release contains forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties, which could cause actual results to differ from those contemplated or implied by such forward-looking statements. Greybrook is under no obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.

CONTACT: For further information: Greybrook Realty Partners Inc. Sarah Mansour, SVP Corporate Strategy & Marketing E: sarah.mansour@greybrook.com T: 416.322.9700 x551

Categories: State

Woodson's Reserve Receives Quality Planned Development Award

19 June 2017 - 8:00am

Horsham, PA, June 19, 2017 (GLOBE NEWSWIRE) --

Woodson’s Reserve, a Toll Brothers, Inc. (NYSE:TOL) master planned community in Houston, Texas, has received the Quality Planned Development Award from the North Houston Association.

To be awarded this accolade, a company must adhere to a comprehensive set of standards promulgated by the West Houston Association and North Houston Association to ensure high quality living and working environments in the Greater West and North Houston areas.

“Receiving the Quality Planned Development award is a tremendous honor that speaks volumes about Toll Brothers’ quality and craftsmanship, as well as the reputation of our master planned communities,” commented Jim Jenkins, Vice President of Toll Brothers Master Planned Communities. 

In addition to receiving the Quality Planned Development award, Woodson’s Reserve has received three merit honors from the Golden Nugget Awards® by PCBC®, the nation’s largest regional conference and trade show for the real estate development field, and is in the running for the Grand Awards in the following categories: Best Recreational Use Facility, Best Community Site Plan, and Residential Housing Community of the Year.

Woodson’s Reserve currently features five builders—Meritage Homes, M/I Homes, Perry Homes, Taylor Morrison, Toll Brothers, and T Select by Toll Brothers. The community has a wide array of home site sizes, from 50-ft.-wide to 80-ft.-wide home sites, priced from the $280,000s to over $600,000s. Once built out, Woodson’s Reserve will be the home of 1,050 residents who will have access to first-class amenities.

Toll Brothers’ Master Planned Communities embraces an unwavering commitment to quality and customer service. Working collaboratively with participating builders, Toll Brothers is proud to bring its legacy of luxury home building to its master planned communities.

For more information on Woodson’s Reserve, visit WoodsonsReserve.com.

This is not an offering where prohibited by law.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1ea5a172-0221-413a-bf93-c9a00b665dd5

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b83bf11f-5fe9-4e6c-99c3-bb8207ef6469

CONTACT: Kira Sterling Toll Brothers, Inc. 215-938-8220
Categories: State

Sensata Technologies debuts aerospace innovation at the Paris- Le Bourget Air Show with its comprehensive product portfolio

19 June 2017 - 7:39am

HENGELO, the Netherlands and PARIS, June 19, 2017 (GLOBE NEWSWIRE) -- Sensata Technologies (NYSE:ST), one of the world’s leading suppliers of sensing, electrical protection, control and power management solutions, is making its debut at the Paris- Le Bourget Air Show from June 19 – 23, and will highlight its expanded Aerospace Solutions business which includes aircraft circuit protection, linear variable differential transformers (LVDTs), pressure sensors and more. 

Together with its historic KLIXON and Kavlico brands, Sensata has the combined technical expertise of both businesses. This comprehensive product portfolio enables current and potential customers to consolidate the amount of suppliers needed to bring a product to market ready for their own customers. Sensata’s global Aerospace Solutions team means enhanced customer experiences and dedication to quality standards in any part of the world.

“Customers who have had relationships with our brands in the past will be pleased with the level of expertise and size of the service network now available to them,” said Stuart Parker, General Manager, Aerospace. “Sensata is serious about investing in the future of its aerospace business, starting with its aerospace engine sensor solutions.” 

Sensata will be featuring the following product lines at booth G191: Pressure sensors, position sensors, aircraft circuit protection, switches and other sensors and controls.

1 million LVDTs and counting

Sensata product brand Kavlico LVDTs are the standard for flight and fuel control position measurements, able to withstand temperatures up to 260 degrees Celsius today, and developing product capability up to 535 degrees Celsius for the future. They operate using a non-contacting mutual induction principle, providing friction-free motion and nearly infinite resolution. Used for applications in flight control actuation, engine valve control, landing gear actuation, cockpit controls, and environment control systems, there are over 1 million Sensata brand LVDTs installed in aircrafts worldwide. 

Leading innovation since 1941 

Sensata is in the business of aircraft circuit breakers and has been since it designed and manufactured its first circuit breakers for military aircraft in 1941. Now, with over 1 million circuit breakers sold each year, Sensata is committed to the constant process and design improvements necessary – like the use of 3D printing – to stay on the leading edge of circuit breaker innovation.

The pressure is on

With pressure sensors contributing to over half of its business, Sensata sells more pressure sensors than any other company worldwide. Years of development experience mean that Sensata engineers can develop application-specific products in-house, therefore reducing costs to the customer and ensuring strict adherence to quality and qualification standards. Sensata is pushing the limits for next generation aerospace pressure sensors which will incorporate wireless connectivity, complex electronics and edge computing, as well as higher temperature capability for engine sensing applications.

About Sensata Technologies

Sensata Technologies is one of the world’s leading suppliers of sensing, electrical protection, control and power management solutions with operations and business centers in thirteen countries.  Sensata’s products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, data, telecommunications, recreational vehicle and marine applications.  For more information, please visit Sensata’s web site at www.sensata.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the federal securities laws.  These statements relate to analyses and other information, which are based on forecasts of future results and estimates of amounts not yet determinable, and the Company’s future prospects, developments and business.  Such forward-looking statements include, among other things, the Company’s anticipated design, manufacturing, sale and market share position in LiDAR sensors.  Such statements involve risks or uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.  Factors that might cause these differences include, but are not limited to, the ability to develop commercially viable LiDAR sensors, the market adoption of advanced driver assistance applications including LiDAR sensors, risks associated with: adverse developments in the industrial, aerospace or automotive industries; competitive pressures that could require the Company to lower prices or result in reduced demand for the Company’s products; integration of acquired businesses, including CST and Schrader; risks associated with the Company’s non-US operations; litigation and disputes involving the Company, including the extent of intellectual property, product liability, and warranty claims asserted against the Company; risks associated with the Company’s historical and future tax positions; risks related to labor disruptions or costs; and risks associated with the Company’s substantial indebtedness.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made; and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether to reflect any future events or circumstances or otherwise.  For a discussion of potential risks and uncertainties, please refer to the risk factors listed in the Company’s SEC filings.  Copies of the Company’s filings are available from its Investor Relations department or from the SEC website, www.sec.gov.

CONTACT: Contact: Investors: Joshua Young (508) 236-2196 Joshua.young@sensata.com Media: Alexia Taxiarchos (508) 236-1761 ataxiarchos@sensata.com
Categories: State

Opportunities galore for the evolving legal marijuana market segments in the U.S.

15 June 2017 - 2:45pm

SAN ANTONIO, June 15, 2017 (GLOBE NEWSWIRE) -- A new analysis by Verify Markets shows the total U.S. wholesale legal marijuana market was valued at $210.7 million in 2016. Increased legalization efforts at the 2016 election in November resulted in more states approving marijuana initiatives in some form, i.e., medical or recreational. Recreational initiatives were approved in California, Massachusetts, Nevada, and Maine while medical marijuana was legalized in Arkansas, Florida, and North Dakota.

The opening up of new states to legal marijuana is anticipated to grow the market at a compound annual growth rate (CAGR) of 29.5 percent for the forecast period 2016 to 2021 with revenues anticipated to reach $768.7 million by 2021. In addition, the occurrence of two events, namely the legalization of marijuana at a federal level and the entry of large pharmaceutical and beer companies in the marijuana market, could be considered as game changers in the industry and remains to be speculated throughout the forecast period.

Hemp and marijuana market segments contributed the largest revenue share in 2016. The trends observed in 2016 also indicate that the marijuana industry presents numerous opportunities not just for growers, but also for other related segments such as consulting, cannabis testing labs, vaporizers, packaging, CBD oil, and hemp-infused products, beverages, edibles, topicals, and security services providers, among others. This trend is likely to continue as the industry progresses and expands moving forward, with consulting/services and vaporizers segments anticipated to grow at a faster rate than any other segment analyzed in the study.

The market segments analyzed in this study include companies that grow and directly handle marijuana (legal and recreational), as well as ancillary companies that touch marijuana in some form including hemp, provide growing equipment, consulting services, perform laboratory testing, and so on.  The marijuana segments considered include:

  • Cultivation & Retail
  • Hemp/Marijuana Products
  • Vaporizers
  • Ancillary products
  • Consulting and Services
  • Ag-tech

Most of the studies available in the market use retail sales estimates and/or consumer expenditures to arrive at the overall size of this industry. In this study, we have not included the sales from dispensaries as almost all retailers are privately owned, however, we have attempted to perform a wholesale analysis of the U.S. cannabis industry by looking at the public companies listed on the Marijuana Index, a stock index that is owned, maintained, and managed by MJIC, Inc., a diversified operating company in the legal cannabis markets with a focus on providing financial services to the cannabis industry.

Some of the key companies covered in this report include Terra Tech Corp, Kush Bottles, mCig, Medical Marijuana, United Cannabis Corp, American Cannabis Company, Signal Bay, CV Sciences, and Sugarmade, among others. This report provides an in-depth wholesale analysis of the overall U.S. legal marijuana market segments. The report captures various market dynamics such as growth drivers, challenges, trends, and competitive landscape and provides strategic recommendations.

A copy of the U.S. legal marijuana market segment research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.

CONTACT: Contact: Haley Rico                                                                                                               Phone: 210-595-9687 Email: haley@verifymarkets.com
Categories: State

Johnson Outdoors Announces Old Town® Sets Course for Expansion

15 June 2017 - 4:00am

OLD TOWN, Maine, June 15, 2017 (GLOBE NEWSWIRE) -- Johnson Outdoors, a global leader in innovative outdoor recreation equipment products, today announced plans to expand product offerings under its flagship Old Town brand, maker of award-winning, market-leading canoes and kayaks.

“Old Town is an iconic brand with a legacy of pioneering innovation and superior quality that has given people a great experience on the water for over a century.   No one knows paddling better, no one knows more about what people want and need out on the water, and no one else can deliver the legendary craftsmanship of Old Town.  Moving forward, consumers and dealers will see a broader array of kayaks, paddles and personal flotation devices that carry the Old Town name and all that it stands for,” said Bill Kelly, Group Vice President – Watercraft Recreation and Camping for Johnson Outdoors.

Old Town currently offers a complete line of recreational and fishing kayaks and will now be further expanding into the popular day touring kayak category. The new Old Town Castine day touring kayaks will be offered in three sizes to fit all paddler shapes, sizes, and performance levels and will follow the successful Old Town Loon design principles.   The kayaks will begin shipping in Fall 2017.

Old Town paddles will combine higher-end design and improved functionality, including lighter weight paddles, innovative blade designs and enhanced aesthetics. New Old Town PFD designs will provide world-class safety features along with greater comfort and functionality to appeal to existing and new water rec consumers. Both Paddles and PFDs will be available in January 2018.

In addition to the expanded Old Town brand portfolio, Johnson Outdoors is upping investment in R&D and marketing support behind Ocean Kayak to increase the velocity of innovation and speed-to-market of new products in the brand.  Ocean Kayak product lines will remain focused on “fun and adventurous” pursuits that have roots in, but not limited to bigger, deeper water recreation activities.

“We are very excited by the future for both Old Town and Ocean Kayak brands.  Consumer insights will continue to drive everything we do and ensure more consumers intersect and experience our brands through a variety of products that tie the paddling experience together for an awesome time out on the water. While we are transitioning out of the Extrasport and Necky brands, we look forward to serving our customers with our great new products,” said Kelly.

ABOUT JOHNSON OUTDOORS INC.
JOHNSON OUTDOORS is a leading global outdoor recreation company that inspires more people to experience the awe of the great outdoors with innovative, top-quality products.  The company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft Recreation, Fishing, Diving and Camping.  Johnson Outdoors' familiar brands include, among others: Old Town® canoes and kayaks; Ocean Kayak™ and Necky® kayaks; Carlisle® paddles; Extrasport® personal flotation devices; Minn Kota® motors; Cannon® downriggers; Humminbird® marine electronics and charts; SCUBAPRO® dive equipment; Jetboil® outdoor cooking systems; Eureka!® camping and hiking equipment; and Silva® compasses. 

Visit Johnson Outdoors at www.johnsonoutdoors.com

CONTACT: AT JOHNSON OUTDOORS INC. PATRICIA PENMAN VP – GLOBAL MARKETING SERVICES & COMMUNICATION 262-631-6600
Categories: State

Stamps Simulating the ‘Feel’ of Sports Balls Tee Off Today at U.S. Open

14 June 2017 - 8:04am

Hartford, WI, June 14, 2017 (GLOBE NEWSWIRE) -- The U.S. Postal Service dedicated the first-of-its-kind stamps with the look — and feel — of balls used in eight popular sports. Available nationwide today, the Have a Ball! Forever stamps depict balls used in baseball, basketball, football, golf, kickball, soccer, tennis and volleyball.

 

Share the news on social media under the hashtag #Haveaballstamps.

 

A special coating applied to selected areas of the stamps during the printing process gives them a texture that mimics the feel of:

  • a baseball’s stitching;
  • a golf ball’s dimples;
  • a tennis ball’s seams;
  • a soccer ball or volleyball’s textured panels; and,
  • the different raised patterns of a football, basketball and kickball.

 

The first-day-of-issuance ceremony at the 117th U.S. Open Championship in Hartford, WI, was part of the U.S. Golf Association’s Flag Day celebration. The Postal Service was part of this special tribute to those who serve or have served in the military. Nearly 1 of 7 postal employees served in the military.   

 

“Every day across the United States, people of all ages gather on fields, diamonds, courts, and golf courses to engage in friendly and fun competition,” said U.S. Postal Service Senior Vice President, Sales and Customer Relations Cliff Rucker. “We are honored to celebrate our nation’s passion for athletics with the Have a Ball! Forever stamps. It is my hope that whenever you affix these colorful new stamps to letters, they serve as a reminder of the connection between sports and culture.”

 

Joining Rucker in the dedication was U.S. Golf Association President Diana Murphy.

 

“We can’t think of a more fitting place to celebrate golf as one of America’s favorite recreational sports than the U.S. Open Championship,” said Murphy.  “This innovative stamp collection provides a lasting symbol of how sports — like golf — can connect people and communities, create fun opportunities to promote an active lifestyle, and bring out the fan in all of us. We are thrilled to reveal it to our fans today, in our country’s heartland.”

 

These round Forever stamps are available in panes of 16 that include two stamps of each design. Stamp artist Daniel Nyari of Long Island City, NY, and stamp designer Mike Ryan of Charlottesville, VA, worked with Art Director Greg Breeding of Charlottesville, VA to create the stamp images.

 

The Have a Ball! stamps are being issued as Forever stamps which are always equal in value to the current First-Class Mail service 1-ounce price.

 

Ordering First-Day-of-Issue Postmarks

Customers have 60 days to obtain the first-day-of-issue postmark by mail. They may purchase new stamps at their local Post Office, at usps.com/shop, or by calling 800-782-6724. They must affix the stamps to envelopes of their choice, address the envelopes, to themselves or others, and place them in a larger envelope addressed to:

 

FDOI – Have a Ball! Stamps
USPS Stamp Fulfillment Services
8300 NE Underground Drive, Suite 300
Kansas City, MO 64144-9900

 

After applying the first-day-of-issue postmark, the U.S. Postal Service will return the envelopes through the mail. There is no charge for the postmark up to a quantity of 50. There is a 5-cent charge for each additional postmark over 50. All orders must be postmarked by Aug. 14, 2017.

 

Ordering First-Day Covers

The Postal Service also offers first-day covers for new stamp issues and Postal Service stationery items postmarked with the official first-day-of-issue cancellation. Each item has an individual catalog number and is offered in the quarterly USA Philatelic, online at usps.com/shop, or by calling 800-782-6724. Customers may request a free issue of USA Philatelic at usps.com/philatelic, by calling 800-782-6724, or by writing to:

 

U.S. Postal Service
USA Philatelic Request
PO Box 219014
Kansas City, MO 64121-9014

 

Philatelic Products

Philatelic products for this stamp issue are as follows:

  • 474906, Press Sheet with Die-cut, $62.72.
  • 474910, Digital Color Postmark Keepsake (set of 8), $21.95.
  • 474916, First-Day Cover (set of 8), $7.44.
  • 474921, Digital Color Postmark (set of 8), $13.12.
  • 474924, Framed Art, $39.95.
  • 474930, Ceremony Envelope (includes ceremony envelope with program brochure; participant programs are not available), $4.95.
  • 474933 , Panel, $10.95.

 

The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

                                                                                                                                       # # #

Please Note: For broadcast quality video and audio, photo stills and other media resources, visit the USPS Newsroom at about.usps.com/news/welcome.htm.  

 

For reporters interested in speaking with a regional Postal Service public relations professional, please go to about.usps.com/news/media-contacts/usps-local-media-contacts.pdf. Follow us on Twitter (twitter.com/usps), Instagram (instagram.com/uspostalservice), Pinterest (pinterest.com/uspsstamps), LinkedIn (linkedin.com/company/usps), subscribe to our channel on YouTube (youtube.com/usps), like us on Facebook (facebook.com/usps) and view our Postal Posts blog (uspsblog.com).

 

For more information about the Postal Service, visit usps.com and usps.com/postalfacts.

 

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bc258e80-7ad4-41dc-91db-7e66875ddf92

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/917a5e56-3437-4319-90cf-4d371d539eca

CONTACT: Mark Saunders US Postal Service (202) 268-6524 mark.r.saunders@usps.gov Sean Hargadon US Postal Service (630) 539-4835 sean.p.hargadon@usps.gov
Categories: State

Tractor Supply to Celebrate Animals and Their Owners During June’s Purina Days

13 June 2017 - 2:44pm

BRENTWOOD, Tennessee, June 13, 2017 (GLOBE NEWSWIRE) -- This month, more than 1,600 Tractor Supply stores across the country will recognize their community’s pet, animal and livestock owners during Purina Days.

For the fourth year in a row, the rural lifestyle retailer has partnered with Purina in order to celebrate the partnership between families and the animals they raise. From June 14-18, customers will have access to expert advice and best-in-class products for raising a variety of animals, including domestic pets, cattle, horses, rabbits and other livestock.

During the main event on Saturday, June 17, families are invited to visit their local store to interact with adoptable animals and learn more about the joys and responsibilities associated with owning everything from cats and dogs to chickens, rabbits, goats, pigs, horses, and more. Additionally, the store will give away Tractor Supply buckets while supplies last.

“At Tractor Supply, we consider our animals part of the family and we understand the passion and hard work that goes into properly raising them,” said Karl Olsen, divisional merchandise manager at Tractor Supply Company. “This is our opportunity to recognize and thank our customers for dedicating both their time and attention to the well-being of the animals in their care, while also offering advice to the individuals who are just getting started.”

From feed, food and treats to containment and care, Tractor Supply offers a comprehensive selection of products for equine, livestock, pets and small animals.

For more information and tips on raising pets and livestock, visit Tractor Supply’s Know How Central online or visit a store during June’s Purina Days.

About Tractor Supply Company
Founded in 1938, Tractor Supply Company is the largest rural lifestyle retail store chain in the United States. At April 1, 2017, the Company operated 1,617 Tractor Supply stores in 49 states and an e-commerce website at www.tractorsupply.com. Tractor Supply stores are focused on supplying the lifestyle needs of recreational farmers and ranchers and others who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located primarily in towns outlying major metropolitan markets and in rural communities. The Company offers the following comprehensive selection of merchandise: (1) equine, livestock, pet and small animal products, including items necessary for their health, care, growth and containment; (2) hardware, truck, towing and tool products; (3) seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; (4) work/recreational clothing and footwear; and (5) maintenance products for agricultural and rural use.

Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At April 1, 2017, the Company operated 152 Petsense stores in 26 states. For more information on Petsense, visit www.petsense.com.

CONTACT: Media Contact: Brandon Puttbrese 615-385-1100 x2100 bputtbrese@gsandf.com Margaret Kercher 615-385-1100 x2408 mkercher@gsandf.com
Categories: State

Recreational Vehicles Market in North America Will Reach USD 20.24 Billion by 2020

13 June 2017 - 1:00pm

Deerfield Beach, FL, June 13, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Recreational Vehicles Market (Motorhomes (Type A, Type B, and Type C) and Towable RVs): North America Market Perspective, Comprehensive Analysis and Forecast 2014 - 2020”. According to the report, North America’s demand for Recreational Vehicles market was valued at USD 16 billion in 2014 and is expected to reach USD 20.24 billion in 2020, growing at a CAGR of 4.1% between 2015 and 2020. In terms of volume, the North America recreational vehicles market stood at 345 thousand units in 2014.

A recreational vehicle is a motorized or towable vehicle that combines transportation and temporary living quarters for travel, recreation, and camping activities. Recreational vehicles do not include mobile homes, off-road vehicles, snowmobiles or conversion vehicles. Recreational vehicles include automobiles or towable trailers specifically designed or tailored for leisure activities such as vacations and camping, both on and off highways. Recreational vehicles include features such as sleeping, kitchen, and bathroom facilities for use during travel and camping. Recreational vehicles are subject to the same registration and licensing as other automobiles, and may have to abide by specific laws.

Browse through 13 Market Tables and 30 Figures spread through 83 Pages and in-depth TOC on “Recreational Vehicles Market in North America - Industry Analysis, Size, Growth, Trends, Statistics, Segment and Forecast 2014-2020”.

Request Free Sample copy of North America Recreational Vehicles Market Report @ http://www.marketresearchstore.com/report/recreational-vehicles-market-in-north-america-36078#RequestSample

The recreational vehicle's market in North America has tremendous potential to grow in the near future owing to the materialization of certain trends, such as an increase in ownership affordability. Consumers are increasingly purchasing more recreational vehicles as they save over 59 percent on their vacation costs over other forms of travel. However, increased dealer interest in recreational vehicles auctions hinders the growth of the recreational vehicle's market in North America. In North America, many dealers have been participating in auctions either to acquire pre-owned RVs or to dispose of used RVs, thus challenging the growth of the market in the region.

Motorhomes and towable recreational vehicles are the two major segments of the recreational vehicle industry. Recreational vehicles market in North America was dominated by the towable recreational vehicles with over two-third share of the market in 2014. Motorhomes account for a relatively smaller share of the recreational vehicle's market in North America. Motorhomes market is further classifies as type A, type B, and type C motorhomes. Type A motohomes segment dominates the market segment with over 40% share of the total market in 2014.   

Browse the full "Recreational Vehicles Market (Motorhomes (Type A, Type B, and Type C) and Towable RVs): North America Industry Perspective, Comprehensive Analysis and Forecast 2014 - 2020" report at http://www.marketresearchstore.com/report/recreational-vehicles-market-in-north-america-36078

The recreational vehicle's market is also segmented based on ownership. New recreational vehicle buyers accounted for one-third of the total recreational vehicles market in 2014. Pre-owned recreational vehicles market is twice in market size as compare to new vehicles.  

The recreational vehicle's market in North America is fragmented because of the presence of many vendors and a variety of products. Some of the leading industry participants operating in the North America recreational vehicles market include Eclipse RV, Gulf Stream Coach, Northwood Manufacturing, Palomino, and Thor Industries.

Inquire more about this report before purchase @ http://www.marketresearchstore.com/report/recreational-vehicles-market-in-north-america-36078#InquiryForBuying

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Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Categories: State

Sea Oats Group Announces $1.3 Billion Phase II Expansion of Cinnamon Shore on the Texas Gulf Coast

13 June 2017 - 12:28pm

Port Aransas, Texas, June 13, 2017 (GLOBE NEWSWIRE) --

Sea Oats Group today announced a $1.3 billion, 300-acre expansion of Cinnamon Shore, Mustang Island’s premier new urbanism vacation community, featuring distinctive new home designs and a wide array of appealing amenities.  

“Cinnamon Shore North has been enormously successful, with over $200 million in sales, and is now 85 percent sold out,” said Jeff Lamkin, CEO of Sea Oats Group, developers of Cinnamon Shore. “The phase II expansion will take place over 15 to 20 years and will more than quadruple the size of the existing community.”

Over the past decade, Port Aransas-based Sea Oats Group has been one of the most successful developers of coastal properties in any market nationwide, including the Texas Gulf Coast, where the value of its beachfront portfolio is unequalled.

 

Nestled behind 300 feet of protective dunes and just minutes from Corpus Christi, Cinnamon Shore is the ultimate expression of coastal living. The vibrant, master-planned new urban development on Texas’ Coastal Bend combines elegant housing, work spaces, retail amenities, parks and recreational facilities in a highly livable, walkable seaside resort community. Nearby activities include links-style golfing, unique shopping, parasailing and charters, all effortlessly booked for residents and guests through Cinnamon Shores’ exclusive concierge services.

 

Sea Oats Group began developing the 63-acre Cinnamon Shore North, phase I of its incomparable Texas Gulf Coast vacation community, in 2007. Its $275 million buildout includes home sales on 200 lots, 75 of which are multi-family residences, with a median price point of $1 million. Single-family homes start at around $636,000 and beachfront homes are priced from about $2.5 million.

 

The more than 250-acre phase II expansion will encompass Cinnamon Shore South, an $800 million investment, and Cinnamon Shore Bay Shore, projected to be a $500 million buildout. Lamkin said Sea Oats Group envisions four primary pillars of distinction for phase II: (1) home craftsmanship and a lifestyle unrivaled on the Gulf Coast; (2) a dining district with dozens of restaurants to please any palate or mood; (3) enticing destination retail; and (4) a health and wellness center. 

 

Phase II will include a 3,300-foot wide beachfront, maintained daily – almost three times the size of the beach at Cinnamon Shore North. Eventually, the development will lie on both sides of State Highway 361, about a mile south of Cinnamon Shore North, with a golf cart bridge enabling residents to easily access amenities on both sides of the highway. Plans include multiple swimming pools and lakes to provide refuge and enhance the landscape on both sides of the roadway. A key feature of phase II – an approximately 10-acre lake, one of the largest on the Texas Gulf Coast – will be encircled by a mile-long boardwalk. The development will also feature honeymoon cottages, a spa, town centers for retail within each phase and a boutique hotel opening in 2018. Site work is already underway, and Sea Oats Group expects to begin building homes on the property in mid- to late-2018.

 

“We are proud of the community we have created with phase I of Cinnamon Shore and gratified by how well it has been received,” said Lamkin. “We plan to build on what has been a very successful model with this major phase II expansion. Full details, including the master plan for phase II, will be released later this year.”

 

###

 

About Cinnamon Shore

Cinnamon Shore is a pedestrian-friendly planned community nestled behind the protective dunes on Mustang Island along the Texas Gulf Coast. It is the first new urbanism development for Sea Oats Group, which is fulfilling its vision of a traditional seaside village with a wide array of amenities and recreational facilities intertwined with beach cottages, luxury villas and vibrant town centers. Every detail of Cinnamon Shore is designed to embrace the natural ambience of Mustang Island and the slow-paced charm of a walking neighborhood. For more information, visit http://www.CinnamonShore.com, and follow us on Facebook, Instagram and Twitter (@CinnamonShore).

 

About Sea Oats Group

Port Aransas-based Sea Oats Group is one of the most successful developers of coastal properties in any market nationwide, including the Texas Gulf Coast, where the value of its beachfront portfolio is unequalled. The firm is dedicated to creating traditional neighborhood developments that provide residents with the highest possible quality of life, while preserving the integrity of the resort landscapes they occupy. By combining living spaces with retail areas in a walkable, connected plan, Sea Oats Group weaves together beautiful places to live, work and play. For more information, visit www.SeaOatsGroup.com.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3e4b7de7-e466-4689-940b-5df44e20b275

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8767ab7b-aa57-4e11-9f30-a7ad9ad6819f

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/19a86574-b83d-4a8d-9682-f2ab4fa70fae

CONTACT: Lynn Darden Cinnamon Shore 512-363-5160 lynn@theprboutique.com
Categories: State

Brunswick Corporation : Dozens of Crestliner Dealerships Honored with First Annual CSI Dealer Award

13 June 2017 - 9:01am

  
OTSEGO, Minn., June 13, 2017 - Crestliner is proud to announce that 55 of its dealerships have received the first-annual 2016 Marine Industry Customer Satisfaction Index (CSI) Dealer Award from the National Marine Manufacturers Association (NMMA). This award is presented to dealerships that provided excellence in customer service for the areas of sales and/or service during 2016.

"Customer satisfaction is paramount to the Crestliner mission," Crestliner President Eric Hendrickson said. "This new award is a wonderful testament to the hard work, passion and care our dealers bring to the job every day."

The Marine Industry CSI Dealer Award honors dealerships that actively measure customer satisfaction and pursue continuous improvement to better serve the customer. Of the 55 Crestliner dealers who received the award for effectively meeting the needs of customers and providing them with superior support, 16 were recognized in the sales category, 19 in the service category and 20 in both categories.

The Dealer Award is derived from customer feedback as a part of the overall Marine Industry CSI Program. In 2016, nationally, the program surveyed more than 122,000 boat owners and received nearly 40,000 responses. Dealerships who received a score of 90 percent or higher in customer satisfaction were named winners.

These Dealer Awards come on the heels of Crestliner's tenth consecutive CSI award in the category of Aluminum Outboard Boats, which it earned based on an impressive 91.36 percent satisfaction rating for 2016.

"The quality of our brand is reflected in the quality of our dealerships," Crestliner Customer Service Manager Vince Shimanski said. "We look forward to continuing to deliver an exceptional customer experience - and consistently improve upon it - day after day, year after year."

###

About Crestliner
Located in Otsego, Minn., Crestliner boats and pontoons are crafted with an uncompromising mix of functional design, all-welded aluminum construction and a relentless commitment to excellence.  Since 1946 Crestliner has been making boats forged with strength and defined by durability. As a world-wide leader, Crestliner continues to redefine the industry with boats built to last.  A testament to our quality and craftsmanship, Crestliner has received the CSI Award of Excellence in Customer Satisfaction for Aluminum Outboard Boats for 10 consecutive years. Learn more about Crestliner and its line of boats by visiting crestliner.com.

Crestliner is a division of Brunswick Corporation, a leader in the recreational marine industry, brunswick.com

About Brunswick
Headquartered in Lake Forest, Ill., Brunswick Corporation's  leading consumer brands include Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood, Garelick and Whale marine parts and accessories; Land 'N' Sea, Kellogg Marine, Payne's Marine and BLA parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern; Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group  and SCIFIT fitness equipment; InMovement products and services for productive well-being; and Brunswick billiards tables, accessories and game room furniture. For more information, visit http://www.brunswick.com.

FOR MORE INFORMATION:           Lori Kneeland
                                                            Lkneeland@Crestliner.com
                                                            763-241-2625

Categories: State

Greybrook Realty Partners Invests $23,575,000 in a Low-Rise Residential Development Project with Treasure Hill in Markham, Ontario

13 June 2017 - 8:30am

TORONTO, June 13, 2017 (GLOBE NEWSWIRE) -- Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $23,575,000 to acquire and oversee the development of a prime parcel of land located in Markham, Ontario. Together with its developer partner, Treasure Hill, the firm will develop the land into a residential community consisting of 150 townhomes.

Situated in the highly-coveted Wismer Commons neighbourhood of Markham, the 9.3-acre development site is draft plan approved, with sales expected to commence this year. “We expect that the advanced state of approvals and swift project timeline will allow us to provide urgently-needed low-rise housing product to fulfill current market demands,” stated Jared Berlin, Director of Asset Management, Greybrook Realty Partners. “This development is a great opportunity for our investors to acquire a relatively short-term investment in a rapidly growing city and region.”

Located 30 kilometers northeast of downtown Toronto, the City of Markham is a Canadian high-tech centre and the 16th largest municipality in the country, according to the city’s Department of Culture and Economic Development. Demand for housing in the city continues to drive up pricing. According to the Toronto Real Estate Board, home prices in the City of Markham increased 28% year-over-year between May 2016 and May 2017. “As Markham’s quality of life, convenient access to exceptional urban amenities, recreational and cultural attractions, and premier post-secondary education and healthcare services continue to attract residents, we will continue to explore investment opportunities in this diverse region,” noted Berlin.

The portfolio of low-rise development holdings managed by Greybrook Realty Partners includes several development properties that are projected to result in the completion of over 7,000 ground-related homes in the Greater Golden Horseshoe region.

About Greybrook Realty Partners Inc.

Greybrook Realty Partners is a Toronto-based asset management firm that invests equity in large scale development-based opportunities. Greybrook Realty Partners offers investors the unique ability to partner with leading North American real estate developers and share in value creation activities. Greybrook Realty Partners and its affiliates have invested in over 50 real estate projects in the Greater Toronto Area, Greater Golden Horseshoe region, and South Florida markets. In aggregate, its real estate investment portfolio is expected to result in the development of over 17 million square feet of residential and commercial density, with an estimated completion value of $8 billion.

This news release contains forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties, which could cause actual results to differ from those contemplated or implied by such forward-looking statements. Greybrook is under no obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.

CONTACT: For further information: Greybrook Realty Partners Inc. Sarah Mansour, SVP Corporate Strategy & Marketing E: sarah.mansour@greybrook.com T: 416.322.9700 x551
Categories: State

An Exclusive New Audio Interview with Terra Tech Corp. CEO, Derek Peterson, is now at SmallCapVoice.com

13 June 2017 - 7:00am

AUSTIN, Texas, June 13, 2017 (GLOBE NEWSWIRE) -- SmallCapVoice.com, Inc. (SCV) and Terra Tech Corp. (OTCQX:TRTC) ("Terra Tech") or (the "Company"), a vertically integrated cannabis-focused agriculture company, announced today that a new audio interview with the Company, is now available. The interview can be heard at http://smallcapvoice.com/blog/6-9-17-smallcapvoice-interview-with-terra-tech-corp-trtc.

Derek Peterson, CEO of Terra Tech, called in to SmallCapVoice.com to discuss the latest news for the company, the recent activity in the Company’s stock, his perspective on the changes in the board of directors and what to expect from the Company in the upcoming summer months

In the interview, referring to the Blüm acquisition, Peterson stated, “There’s a lot positives being able to use stock for acquisition purposes. The positives were that we grew the Company’s top line revenue substantially, we were able to grab a tremendous amount of market share, and we were able to save and conserve cash. The negative was a year later these people were obviously going to want to convert that stock to cash rightfully so. So, we think there has been an additional amount of pressure in the market because people are ultimately converting that stock. I do think that is short term and systemic of using equity for acquisitions.”

Peterson went on to say, “If you look at where the Company is today compared to where it was just a couple of years ago, what a huge difference. We have five retail cannabis stores and a sixth one opening shortly. We have a substantial cultivation footprint in multiple marketplaces. We are expanding our cultivation footprint in the Nevada market place. We have recreational adult use sales happening in multiple markets. We have a five acre fully automated, high tech vegetation/cultivation facility in New Jersey. We have a lot of great opportunities ahead of us and we are going to lean into hitting this $38-40 million revenue number that we projected for 2017.”

To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm's retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blüm offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California. The Company's wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Winn-Dixie, Raley's, Meijer, Kroger, and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, Pennsylvania and the Midwest. Terra Tech's MediFarm LLC subsidiaries are focused on medical cannabis cultivation and permitting businesses throughout Nevada.

For more information about Terra Tech Corp visit: http://www.terratechcorp.com/ 
For more information about IVXX visit: http://ivxx.com/ 
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/ 
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline 
Follow us on Twitter @terratechcorp 
Follow us on Instagram @socal_IVXX 
For more information about Edible Garden visit: http://www.ediblegarden.com/ 
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts 
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts

About SmallCapVoice.com

SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://smallcapvoice.com/blog/the-small-cap-daily-small-cap-newsletter/

Cautionary Language Concerning Forward-Looking Statements

Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Terra Tech Corp.'s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Terra Tech Corp.'s website does not constitute a part of this release.

CONTACT: Contact Philip Carlson KCSA Strategic Communications TRTC@kcsa.com    Contact for SmallCapVoice.com Stuart T. Smith SmallCapVoice.com E-mail: ssmith@smallcapvoice.com Website: www.smallcapvoice.com
Categories: State

Earth Science Tech, Inc. Announces New Wholly-Owned Subsidiary, KannBidioid Inc., to Manufacture & Distribute Vapes/E-Liquids & Gummy Edibles to Vape/Smoke Shops

13 June 2017 - 6:45am

Hollywood, June 13, 2017 (GLOBE NEWSWIRE) --  Earth Science Tech, Inc. (OTCPINK: ETST), an innovative biotech company focused on cannabis CBD-based (industrial hemp), cannabinoid research and development, nutraceuticals, pharmaceuticals, medical devices is pleased to announce its new wholly owned subsidiary KannaBidioid Inc. to manufacture and distribute vapes/e-liquids and gummy edibles to target vape/smoke shops.

After a successful May, 2017, launch of ETST’s new products: Strawberry Orange Blossom CBD oil, CBD Organic Chocolate line, and Pet CBD oil, ETST’s management team came across an opportunity to step into the recreational vape/smoke space. Earth Science is excited to announce it will begin to formulate, produce and sell Kanna-infused cannabidiol (CBD) based e-liquids and gummy edibles, hence KannaBidioid, Inc. (KBD).

Kanna (Sceletium tortuosum) is known to elevate mood, decrease anxiety, stress and tension, and suppress the appetite. In moderate doses, it induces euphoria and acts as a powerful stimulant, but can actually have a sedative effect in larger doses.

“Kanna and CBD synergistically enhance one another, providing optimal relaxation, an uplifting sensation, enhanced focus, and help with nicotine addiction based on their properties,” stated Dr. Michel Aube, ETST’s CEO & CSO. Dr. Aube elaborates with, "CBD is a strong antioxidant that enhances well-being, among other properties, by reducing the oxidative stress produced by the human brain through its elivated metabolic activity. While Kanna might also have anxiolytic potential, as it modulates the biological activity of serotonin, the two together will significantly reduce anxiety as the Hemp Oil will create better physiological conditions for the biological activity of the Kanna extract. All together, the full spectrum of the Hemp Oil and full spectrum of the Kanna plant have the potential to better regulate the activity of serotonin, gicing a more powerful sensation of satisfaction than any other plant extract used alone."

ETST president, director, and COO, Nickolas S. Tabraue stated, “forming our new subsidiary we can now enter the recreational vape/smoke shop space with not just CBD but, a unique Kanna CBD blend giving us a niche in the market having us now compete with the likes of (OTC Pink: POTN), (OTC Pink: MJNA), (OTC Pink: MCOA), and (OTCQB: CBDS) while discovering and building new revenue streams. Forming KannaBidioid allows us to enter this space without damaging our medicinal ETST image that has been so successful for us. We are currently working on flavors and package design on both vape/e-liquids and gummy edibles, and look to launch within Q4 while updating our stakeholders as we progress.” He continued, “We are currently still moving in a positive direction with some major domestic and international distributors for our current full CBD line and have been getting amazing feedback on our new products as well as increasing order and new stores carrying our products.” Mr. Tabraue concluded by sharing his experience at SeeThruEquity’s 6th annual conference in New York, “I had the pleasure to share our story and brand to a lot of great individuals at the SeeThruEquity conference and got nothing but, amazing feedback and have started talks with a few key individuals that can potentially work synergistically with ETST and I plan on sharing updates as talks continue and structures have been made.”

About Earth Science Tech, Inc. (ETST): Earth Science Tech has the highest quality, purity, and full spectrum High Grade Hemp CBD (Cannabidiol) Oil on the market. Made using the world's best supercritical CO2 liquid extraction, our CBD Oil is 100% natural and organic. Our research performed alongside the University of Central Oklahoma and DV Biologics laboratory, prove we are the top nutritional and dietary supplement brand for High Grade Hemp CBD Oil. To find out more information on all our research please visit our website: www.earthsciencetech.com

ETST is focused on researching and developing innovative Hemp extracts and to make them accessible Worldwide. ETST plans to be the premier supplier of the highest quality and purity of High Grade Hemp CBD (Cannabidiol) Oil. ETST's primary goal is to advance different High Quality Hemp extracts with a broad profile of Cannabinoids and additional natural molecules found in Industrial Hemp and to identify their distinct properties. The company is dedicated in offering its consumers the finest and purest quality All Natural-Organic Hemp CBD Oil while never compromising on quality. Cannabinoids (Cannabidiol/CBD) are natural constituents of the Hemp plant and CBD is derived from Hemp stalk and seed. Hemp oil is a well-known dietary supplement and the naturally occurring CBD possesses no psychoactive qualities and presents a continuing stream of overwhelming evidence of significant Wellness benefits. With no psychoactive ingredient, Hemp CBD Oil is a ready-for-market Hemp-based Nutraceutical. The United States Food and Drug Administration (FDA) currently considers non-THC hemp based cannabinoids, including CBD, to be "food based" and therefore saleable. These new non-psychoactive CBD-rich hemp oil products that ETST has geared up to market and distribute are beyond reproach. CBD (cannabidiol), a naturally occurring constituent of the Industrial Hemp plant, promotes and supports the nutritional health of aging bodies in particular. Source: US Government Patent #6,630,507 "Cannabinoids as antioxidants and neuroprotectants." ETST does not grow, sell or distribute any substances that violate United States Law or the controlled substance act. ETST does sell and distribute cannabis industrial hemp based products.

Some of ETST accomplishments and reports on its High-Grade CBD Hemp Oil include:
• Earth Science Tech Announces the Conclusion of Phase 1 Trial with Former Professional Athletes Using ETST High Grade Hemp CBD (Cannabidiol). (https://globenewswire.com/news-release/2015/12/09/794223/0/en/Earth-Science-Tech-Announces-the-Conclusion-of-Phase-1-Trial-with-Former-Professional-Athletes-Using-ETST-High-Grade-Hemp-CBD-Cannabidiol.html)

• Earth Science Tech Starts 30-day Trial Study with Former Professional Football Athletes Using ETST High Grade Hemp CBD (Cannabidiol). (https://globenewswire.com/news-release/2015/10/29/781678/0/en/Earth-Science-Tech-Starts-30-day-Trial-Study-with-Former-Professional-Football-Athletes-Using-ETST-High-Grade-Hemp-CBD-Cannabidiol.html)

• Earth Science Tech Files International PCT on its Hemp CBD (Cannabidiol) Invention and Provisional Patent “Cannabidiol Compositions Including Mixtures and Uses Thereof” Related to Treating Cancer, Modulation of the Immune System and Neuroprotection. (https://globenewswire.com/news-release/2015/10/20/777795/0/en/Earth-Science-Tech-Files-International-PCT-on-its-Hemp-CBD-Cannabidiol-Invention-and-Provisional-Patent-Cannabidiol-Compositions-Including-Mixtures-and-Uses-Thereof-Related-to-Trea.html)

• Earth Science Tech Announces Case Studies to Begin With Former Pro Athletes. ETST announces the start of trial studies with former professional football players using the ETST High Grade Hemp Cannabidiol (CBD). (https://globenewswire.com/news-release/2015/10/16/776942/0/en/Earth-Science-Tech-Announces-Case-Studies-to-Begin-With-Former-Pro-Athletes.html)

• DV Biologics Reports: Earth Science Tech (ETST) Hemp CBD (Cannabidiol) Oil Deters the Formation of Reactive Oxygen Species (ROS) on Human Brain Cells: May serve as a Neuroprotectant. (http://www.marketwired.com/press-release/dv-biologics-leading-biological-company-reports-earth-science-tech-etst-high-grade-hemp-otcqb-etst-2032087.htm)

• DV Biologics, a Leading Biological Company, Reports Earth Science Tech (ETST) High Grade Hemp CBD (Cannabidiol) Oil Reduces Oxidative Stress and Lipid Peroxidation on Human Brain Cells In Vitro. (http://www.marketwired.com/press-release/dv-biologics-leading-biological-company-reports-earth-science-tech-etst-high-grade-hemp-otcqb-etst-2032087.htm)

• Earth Science Tech Announces Positive Test Results of Its Product CBD (Cannabidiol) Rich Hemp Oil; In Collaboration with the University of Central Oklahoma, Test Results Demonstrate That CBD Rich Hemp Oil Enhances Immune Function. (http://www.marketwired.com/press-release/earth-science-tech-announces-positive-test-results-its-product-cbd-cannabidiol-rich-otcqb-etst-1985844.htm)

• Earth Science Tech Secures Ground Breaking Second Provisional Patent for Its CBD(Cannabidiol) Rich Hemp Oil Because of Its Findings with the University of Central Oklahoma and the Effects of CBD on Immune Cells. (http://www.marketwired.com/press-release/earth-science-tech-secures-ground-breaking-second-provisional-patent-its-cbd-cannabidiol-otcqb-etst-1983756.htm

• Earth Science Tech Announces Positive Preliminary Test Results on the Effects of Its Hemp Oil Enriched With CBD-Cannabidiol on Animal Breast Cancer Cells and on Normal Cells. (http://www.marketwired.com/press-release/earth-science-tech-announces-positive-preliminary-test-results-on-effects-its-hemp-oil-otcqb-etst-1956064.htm)

• ETST and College of Mathematics and Science at the University of Central Oklahoma Join Forces in a Joint Effort to Study the Biological and Anti-Tumor Effects of ETST All Natural High Grade CBD (Cannabidiol) Rich Hemp Oil on Cancer Cells. (http://www.marketwired.com/press-release/etst-college-mathematics-science-university-central-oklahoma-join-forces-joint-effort-otcqb-etst-1949268.htm)

About Earth Science Pharmaceutical: Earth Science Pharmaceutical, Inc. is a wholly owned subsidiary of Earth Science Tech, Inc (ETST). Earth Science Pharmaceutical is focused on becoming a world leader in the development of low cost, non-invasive diagnostic tools, medical devices, testing processes and vaccines for STIs (Sexually Transmitted Infections and/or Diseases). Earth Science Pharmaceutical CEO, Dr. Michel Aubé, a renowned scientist, is committed to help grow ETST in the medical and pharmaceutical industry. The company is currently working on finishing the launch of its new corporate website at www.Earthsciencepharmaceutical.com

The accuracy of the MSN-2 medical device for the diagnosis of women with Chlamydia has already been proven via a study of 510 female patients, which showed PCR testing results on paired samples to be identical for 493 (96.6%) of the 510 women. To view this study, visit Evaluation of a Modified Sanitary Napkin as a Sample Self-Collection Device for the Detection of Genital Chlamydial Infection in Women.

About Cannabis Therapeutics: Cannabis Therapeutics, Inc. is a wholly owned subsidiary of Earth Science Tech, Inc (ETST). Cannabis Therapeutics, Inc. was formed as an emerging biotechnology company poised to become a world leader in cannabinoid research and development for a broad line of cannabis cannabinoid-based pharmaceuticals, nutraceuticals as well as other products & solutions. Cannabis Therapeutics mission it to help change the healthcare landscape by introducing their proprietary cannabis-cannabinoid based products made for both the pharmaceutical and retail consumer markets worldwide. The company is currently working on finishing the launch of its new corporate website at www.Cannabisthera.com 

Some of the R&D that Cannabis Therapeutics will target will be treatments for the conditions and disorders of: Pain, Chronic Pain, PTSD, Breast Cancer, Brain Cancer, Anxiety, Depression, Glaucoma, Crohn’s disease, Fatty Liver Diseases, Diabetes, Parkinson' s Disease, Alzheimer's Disease, Attention Deficit Hyperactivity Disorder (ADHD), and Drug Addictions among other things. ETST has chosen to target diseases for which, the benefits of Cannabinoids and/or CBD (Cannabidiol) have already been demonstrated by different groups of researchers around the world. However, it is through ETST’s in vitro study with the University of Central Oklahoma and DV Biologics that results confirm the positive effectiveness of Earth Science Tech’s CBD (Cannabidiol) on breast cancer, immune cell function, and human brain cells by acting as a neuroprotectant as shown in its International Application (PCT) for its Provisional Patent. Thus, as a result by mixing natural molecules and generic pharmaceutical drugs with Cannabinoids and/or CBD (Cannabidiol) we intend to increase the effectiveness of Cannabinoids and/or CBD (Cannabidiol) and improve the treatment of different diseases. The THREE (3) cannabis cannabinoid-based nutraceutical patents and TWO (2) generic pharmaceutical drugs will be based on ETST’s International Application (PCT) for its Provisional Patent named “Cannabidiol Compositions Including Mixtures and Uses Thereof” was filed on October 8th, 2015 in regards to its Cannabis Hemp CBD (Cannabidiol) Oil. This application claims the benefit of ETST U.S. Provisional Application N. 62/061,577, filed October 8, 2014 and ETST U.S. Provisional Application No. 62/102,538, filed January 12, 2015.

FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE: These statements and products have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease. Always check with your physician before starting a new dietary supplement program. The FDA has not evaluated the validity or truthfulness of these claims; therefore, we encourage you to review published researches relating to the benefits and properties of CBD hemp oils and other CBD products.

SAFE HARBOR ACT: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Investor Relations   Dave Demarest  (305)-546-7640   Earth Science Tech, Inc.   Nickolas S. Tabraue, P/D/COO   (305)-615-2118

Categories: State

Acology Canada Division Booming; The Big Year Ahead

12 June 2017 - 7:30am

CORONA, Calif., June 12, 2017 (GLOBE NEWSWIRE) -- Acology Inc. (OTC:ACOL) announced today that Canadian operations have recorded a 30% increase in sales over the same time last year, justifying the work and investment made in that country in the last quarter of 2016.

In anticipation of total legalization, now seen by lawmakers as a certainty by mid-2018, Acology continues to position itself and its’ premiere product, the Medtainer™, as the perfect solution for growers and dispensaries to safely package cannabis in accordance with regulations established by the Canadian health care service. Acology executives have aggressively pursued relationships with government and business entities throughout the country in an effort to boost product recognition. Revenues from cannabis sales in Canada in the next 10 years are expected to top $100B. Much of the tax revenue generated by the industry will go back to Health Canada.

For investor or sales information please visit Acology Inc. and D&C Distributors online or by phone. The company is located in their production and distribution facility at 1620 Commerce St. Corona, California, 92880.

Acology trades on the OTC under the call letters ACOL. The company’s websites are www.Acologyinc.com for the hospice and palliative care industry and www.themedtainer.com for the recreational and medical marijuana industry. Orders for Acology products can be taken online and by phone. Custom orders are especially welcome.  Please send all inquiries to info@acologyinc.com or call (844) ACOLOGY (844-226-5649). Ask for Jack Rein, National Services Director.  Acology can also be accessed through Twitter and Instagram at @Acologyinc

This press release includes statements that are covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events they are subject to risks and uncertainties and actual results for fiscal year 2016 and beyond could differ materially from the company’s current expectations. Forward-looking statements are identified by such words as “anticipates”, “projects”, “expects”, “planned”, “intends” and “believes” “estimate” “targets” and other similar expressions that indicate trends and future events. It is understood that investment entails risk on the part of the investor and could result in the loss of some or all his or her investment.

Categories: State

KemPharm to Present Clinical Data for KP511, an Opioid Prodrug Candidate, at the International Conference on Opioids

9 June 2017 - 6:30am

Poster Presentation Highlights Intranasal Abuse Deterrence Technology

CORALVILLE, Iowa, June 09, 2017 (GLOBE NEWSWIRE) -- KemPharm, Inc. (NASDAQ:KMPH), a clinical-stage specialty pharmaceutical company focused on the discovery and development of proprietary prodrugs, will present clinical data for its opioid prodrug product candidate, KP511, KemPharm’s prodrug of hydromorphone, at the International Conference on Opioids (ICOO) Annual Meeting, to be held June 11-14, 2017.

“We believe the clinical findings we are presenting at ICOO for KP511 demonstrate the potential of our LATTM (Ligand Activated Therapy) Platform for Prodrug Discovery to provide a deterrent to the non-oral abuse of hydromorphone, a potent mu opioid with high rates of non-oral abuse,” stated Travis C. Mickle, Ph.D., President and Chief Executive Officer of KemPharm.

The poster, titled, “Pharmacokinetics and Abuse Potential of KP511, a Novel Prodrug of Hydromorphone, after Intranasal Administration in Recreational Drug Users,” reports the results of a study designed to assess the pharmacokinetics and abuse potential of equimolar doses of KP511 hydrochloride active pharmaceutical ingredient (API) (16.1 mg) compared with hydromorphone (HM) hydrochloride (HCl) API (8 mg) following intranasal administration in the studied non-dependent, recreational opioid users. 

In the study, KemPharm observed the following:

Pharmacokinetic findings (PK)

  • Intranasal KP511 demonstrated marked reductions in the rate and extent of plasma hydromorphone exposure when compared with intranasal HM HCl. Peak concentration (Cmax) was reduced by approximately 63% and mean overall HM exposure was approximately 58% and 48% lower as measured by AUClast and AUCinf, respectively, with KP511 as compared to HM HCl.

Pharmacodynamic findings (PD)

  • Consistent with the PK data, intranasal KP511 demonstrated reductions in FDA-recommended human abuse-related endpoints compared with intranasal HM HCl. “At-the-moment measures” of Drug Liking Emax and Feeling High Emax, and retrospective measures of Take Drug Again and Overall Drug Liking, were all significantly reduced for intranasal KP511 (p<0.0052 for all comparisons).
     
  • KP511 was also associated with significantly higher nasal-related effects with respect to Facial Pain (p=0.007), Nasal Burning (p<0.001), Need to Blow Nose (p=0.011) and Runny Nose (p<0.001)

About KemPharm

KemPharm is a clinical-stage specialty pharmaceutical company focused on the discovery and development of proprietary prodrugs to treat serious medical conditions through its LATTM (Ligand Activated Therapy) platform technology.  KemPharm utilizes its LATTM platform technology to generate improved prodrug versions of FDA-approved drugs in the high need areas of pain, attention deficit hyperactivity disorder (ADHD) and other central nervous system disorders. KemPharm’s co-lead clinical development candidates are KP415, an extended-release prodrug of methylphenidate for the treatment of ADHD, and KP201/IR, an acetaminophen-free formulation of the company’s immediate release abuse deterrent hydrocodone product candidate, KP201.  For more information on KemPharm and its pipeline of prodrug product candidates visit www.kempharm.com.

Caution Concerning Forward Looking Statements
This press release may contain forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. These forward-looking statements include statements regarding the expected features and characteristics of KP201/IR, KP415 and KP511.  These forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to KemPharm and its current plans or expectations, and are subject to a number of uncertainties and risks that could significantly affect current plans. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the risks and uncertainties associated with: KemPharm's financial resources and whether they will be sufficient to meet KemPharm's business objectives and operational requirements; results of earlier studies and trials may not be predictive of future clinical trial results; the protection and market exclusivity provided by KemPharm's intellectual property; risks related to the drug discovery and the regulatory approval process; the impact of competitive products and technological changes; obligations to third parties regarding the potential commercialization or sale of KP415 or KP511; and the FDA approval process, including without limitation any timelines for related approval. KemPharm's forward-looking statements also involve assumptions that, if they prove incorrect, would cause its results to differ materially from those expressed or implied by such forward-looking statements. These and other risks concerning KemPharm’s business are described in additional detail in KemPharm's Quarterly Report on Form 10-Q for the period ended March 31, 2017, and KemPharm’s other Periodic and Current Reports filed with the Securities and Exchange Commission.  KemPharm is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. 

CONTACT: Investor Contacts: Jason Rando / Joshua Drumm, Ph.D. Tiberend Strategic Advisors, Inc. 212-375-2665 / 2664 jrando@tiberend.com jdrumm@tiberend.com Media Contact: Daniel L. Cohen Executive VP, Government and Public Relations KemPharm, Inc. 202-329-1825 dcohen@kempharm.com
Categories: State

Collegium Announces Scientific Presentations at the 2017 International Conference on Opioids

8 June 2017 - 3:01pm

CANTON, Mass., June 08, 2017 (GLOBE NEWSWIRE) -- Collegium Pharmaceutical, Inc. (Nasdaq:COLL) today announced that it will present data on Xtampza® ER, an extended-release oral formulation of oxycodone with abuse-deterrent properties, at the 2017 International Conference on Opioids taking place in Boston, MA.

The following posters will be presented during the poster sessions on Sunday, June 11th and Monday, June 12th.

  • Poster #16 titled, “Assessment of the oral human abuse liability and pharmacokinetics of Xtampza ER,” is Collegium’s second study evaluating the abuse potential and pharmacokinetics of oral administration of Xtampza ER compared to chewed Xtampza ER, and crushed immediate-release oxycodone in solution in non-dependent, recreational drug abusers.

  • Poster #38 titled, “Physical Manipulation of Oral Extended-Release Opioid Formulations: In vitro Evaluation of Impact on Drug Release Characteristics,” presents data from a study designed to further assesses the comparative effect of particle size reduction (i.e., crushing) on drug dissolution from Xtampza ER compared with 8 other currently marketed ER opioids, including OxyContin and Opana ER, some formulated with abuse deterrent properties.

  • Poster #39 titled, “The effect of physical manipulation by crushing of Xtampza ER (oxycodone extended-release capsules) compared with the abuse-deterrent version of OxyContin (oxycodone hydrochloride extended-release tablets),” is an encore presentation of Collegium’s second comparative pharmacokinetic (PK) clinical trial to assess the safety and PK of Xtampza ER when the capsule was taken intact compared with opening the capsule and crushing the capsule contents (microspheres) prior to oral administration compared with OxyContin intact, OxyContin crushed, and an immediate-release (IR) oxycodone tablet formulation that was crushed.

For more information on the 2017 International Conference on Opioids, visit http://opioidconference.org/

About Collegium Pharmaceutical, Inc.
Collegium is a specialty pharmaceutical company focused on developing a portfolio of products that incorporate its proprietary DETERx® technology platform for the treatment of chronic pain and other diseases. The DETERx technology platform is designed to provide extended-release delivery, unique abuse-deterrent properties, and flexible dose administration options.

About Xtampza ER
Xtampza® ER is Collegium’s first product utilizing the DETERx technology platform. Xtampza ER is an abuse-deterrent, extended-release, oral formulation of oxycodone approved by the FDA for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate.

LIMITATIONS OF USE

Because of the risks of addiction, abuse, and misuse with opioids, even at recommended doses, and because of the greater risks of overdose and death with extended-release opioid formulations, reserve Xtampza ER for use in patients for whom alternative treatment options (e.g., non-opioid analgesics or immediate-release opioids) are ineffective, not tolerated, or would be otherwise inadequate to provide sufficient management of pain.

Xtampza ER is not indicated as an as-needed (prn) analgesic.

The Full Prescribing Information for Xtampza ER contains the following Boxed Warning:

WARNING:  ADDICTION, ABUSE, AND MISUSE; LIFE-THREATENING RESPIRATORY DEPRESSION; ACCIDENTAL INGESTION; NEONATAL OPIOID WITHDRAWAL SYNDROME; and CYTOCHROME P450 3A4 INTERACTION

Addiction, Abuse, and Misuse
Xtampza ER exposes patients and other users to the risks of opioid addiction, abuse, and misuse, which can lead to overdose and death.  Assess each patient’s risk prior to prescribing Xtampza ER and monitor all patients regularly for the development of these behaviors or conditions.

Life-Threatening Respiratory Depression
Serious, life-threatening, or fatal respiratory depression may occur with use of Xtampza ER.  Monitor for respiratory depression, especially during initiation of Xtampza ER or following a dose increase.

Accidental Ingestion
Accidental ingestion of even one dose of Xtampza ER, especially by children, can result in a fatal overdose of oxycodone.

Neonatal Opioid Withdrawal Syndrome
Prolonged use of Xtampza ER during pregnancy can result in neonatal opioid withdrawal syndrome, which may be life threatening if not recognized and treated, and requires management according to protocols developed by neonatology experts. If opioid use is required for a prolonged period in a pregnant woman, advise the patient of the risk of neonatal opioid withdrawal syndrome and ensure that appropriate treatment will be available.

Cytochrome P450 3A4 Interaction
The concomitant use of Xtampza ER with all cytochrome P450 3A4 inhibitors may result in an increase in oxycodone plasma concentrations, which could increase or prolong adverse drug effects and may cause potentially fatal respiratory depression. In addition, discontinuation of a concomitantly used cytochrome P450 3A4 inducer may result in an increase in oxycodone plasma concentration. Monitor patients receiving Xtampza ER and any CYP3A4 inhibitor or inducer.

IMPORTANT SAFETY INFORMATION

Xtampza ER is contraindicated in patients with: significant respiratory depression; acute or severe bronchial asthma in an unmonitored setting or in the absence of resuscitative equipment; known or suspected gastrointestinal obstruction, including paralytic ileus; and hypersensitivity (e.g., anaphylaxis) to oxycodone.

Xtampza ER contains oxycodone, a Schedule II controlled substance. As an opioid, Xtampza ER exposes users to the risks of addiction, abuse, and misuse. As extended-release products, such as Xtampza ER, deliver the opioid over an extended period of time, there is a greater risk for overdose and death due to the larger amount of oxycodone present.

Potential serious adverse events caused by opioids include addiction, abuse, and misuse, life-threatening respiratory depression, neonatal opioid withdrawal syndrome, risks of concomitant use or discontinuation of cytochrome P450 3A4 inhibitors and inducers, risks due to interactions with central nervous system depressants, risk of life-threatening respiratory depression in patients with chronic pulmonary disease or in elderly, cachectic, or debilitated patients, adrenal insufficiency, severe hypotension, risks of use in patients with increased intracranial pressure, brain tumors, head injury, or impaired consciousness, risks of use in patients with gastrointestinal conditions, risk of use in patients with seizure disorders, withdrawal, risks of driving and operating machinery, and laboratory monitoring.

The most common AEs (>5%) reported by patients in the Phase 3 clinical trial during the titration phase were:  nausea (16.6%), headache (13.9%), constipation (13.0%), somnolence (8.8%), pruritus (7.4%), vomiting (6.4%), and dizziness (5.7%).

For Important Safety Information including full prescribing information visit:  http://www.xtampzaer.com/

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. We may, in some cases, use terms such as "predicts," "believes," "potential," "proposed," "continue," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "should" or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from the company's current expectations. Management's expectations and, therefore, any forward-looking statements in this press release could also be affected by risks and uncertainties relating to a number of other factors, including the following: our ability to obtain and maintain regulatory approval of our products and product candidates, and any related restrictions, limitations, and/or warnings in the label of an approved product; our plans to commercialize our product candidates and grow sales of our products; the size and growth potential of the markets for our products and product candidates, and our ability to service those markets; the success of competing products that are or become available; our ability to obtain reimbursement and third-party payor contracts for our products; the costs of commercialization activities, including marketing, sales and distribution; our ability to develop sales and marketing capabilities, whether alone or with potential future collaborators; the rate and degree of market acceptance of our products and product candidates; changing market conditions for our products and product candidates; the outcome of any patent infringement or other litigation that may be brought against us, including litigation with Purdue Pharma, L.P.; our ability to attract collaborators with development, regulatory and commercialization expertise; the success, cost and timing of our product development activities, studies and clinical trials; our ability to obtain funding for our operations; regulatory developments in the United States and foreign countries; our expectations regarding our ability to obtain and adequately maintain sufficient intellectual property protection for our products and product candidates; our ability to operate our business without infringing the intellectual property rights of others; the performance of our third-party suppliers and manufacturers; our ability to comply with stringent U.S. and foreign government regulation in the manufacture of pharmaceutical products, including U.S. Drug Enforcement Agency compliance; our ability to retain key and management personnel; our expectations regarding the period during which we qualify as an emerging growth company under the JOBS Act; and the accuracy of our estimates regarding expenses, revenue, capital requirements and need for additional financing.  These and other risks are described under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2016, and those risks described from time to time in other reports which we file with the SEC. Any forward-looking statements that we make in this press release speak only as of the date of this press release. We assume no obligation to update our forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.

CONTACT: Contact: Alex Dasalla adasalla@collegiumpharma.com
Categories: State

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