| Silver State News Service |
| Business
Wire For the Week of March 18 thru March 25, 2009 |
| Updated March 25, 2009 |
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Here For: BusinessWire
& ~~~~~~~~~~ BusinessWire 2007 News Archives ~~~~~~~~~~ |
| For the Week of March 18 thru March 25, 2009 |
| March 25, 2009 |
| BusinessWire March
25, 2009 07:02 PM Eastern Daylight Time |
| BusinessWire March 25, 2009 06:01 PM Eastern Daylight Time Calling All Beer Enthusiasts! Celebrate Henrys 12th Street Tavern 5th Anniversary Meet 5 Brewers in 5 Days!PORTLAND, Ore.--(BUSINESS WIRE)--Drinking beer is enjoyable and fun in and of itself (especially when paired with our great food!), but there are also fascinating people and stories behind every one of the 100 handcrafted draught beers and ciders served at Henrys 12th Street Tavern. To celebrate our 5th Anniversary, we are hosting 5 Brewers in 5 days spotlighting some of the delicious brews and the unique personalities and histories behind them. Events begin at 4pm each day. Enjoy special tasting and food pairings (including special recipes created by employees). Meet and talk with the brewers and their brewery representatives. The schedule:
All 5 of the brewers and their breweries are from the Cascadia region, so celebrate our restaurants and regions world renowned beer experiences. And, thats something for which we have our guest and brewers to thank, so heres the perfect opportunity to bring them together. Weve been racking our brains trying to come up with an appropriate way to thank our Guests for 5 incredible years. What better way to honor them than by giving them more of what they love! shares Manager Tammy Lochner. We are also holding a recipe competition for our employees, shares General Manager Craig McKeller. Theyre passionate about beer, food and our guests, so its another perfect opportunity to celebrate by sharing that with everyone. Well feature the winning employees, their recipes and paired beer on our menu throughout April. About Henrys 12th Street Tavern The 14,500 sq. foot restaurant boasts 100 beers and hard ciders on tap. Combining the nostalgia of rustic exposed brick walls and dramatic 24 foot ceilings with state-of-the-art features such as a built-in frozen drink rail to keep libations cold, and flat screen and plasma TVs visible throughout the bar. Its extensive menu features dinner-house quality and presentation of Northwest and Pacific Rim cuisine, never to be confused with standard "pub grub" fare. The exceptionally diverse menu features fresh seafood, USDA choice steaks, cutting edge pasta selections, and authentic Asian preparations. All dishes are made from scratch on the premises, including salads, sandwiches, and pizza, and are served at their peak of freshness. Learn more at www.henrystavern.com.
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| BusinessWire March 25, 2009 08:30 AM Eastern Daylight Time New Wells Fargo Gallup Survey: Small Business Owner Optimism Negative for First Time in Survey HistorySAN FRANCISCO--(BUSINESS WIRE)--Small business owners optimism recently dropped to its lowest level in the six years that the Wells Fargo/Gallup Small Business Index has been conducted. Covering a survey period of January 22 - February 2, the score now stands at negative four (-4), down 14 points from the previous survey (November, 2008), and 118 points lower than the Index high of 114 (November, 2006). It is the first time the index has dropped below zero. A score of zero indicates that small business owners, as a group, are neutral -- neither optimistic nor pessimistic -- about their companies situations. The Index is the sum of present situation and future expectations of small business owners for six key measures, including financial situation, cash flow, revenues, capital allocation spending, job hiring and credit availability. The present situation score dropped eight points to negative five (-5), and future expectations dropped six points to one (1).
These clearly are difficult times for many small businesses, said Dr. Scott Anderson, senior economist at Wells Fargo. According to the survey, capital allocation and job creation plans didn't deteriorate from the fourth quarter but more small businesses reported a worsening financial situation and cash flow, slowing revenue growth, and less credit available.
About the Small Business Index For the last 23 quarters, the Wells Fargo/Gallup Small Business Index has surveyed small business owners on current and future perceptions of their business financial situation. The Index consists of two dimensions: 1) Owners ratings of the current situation of their businesses and, 2) Owners ratings of how they expect their businesses to perform over the next 12 months. An Index score of zero indicates that small business owners, as a group, are neutral -- neither optimistic nor pessimistic -- about their companies situations. Results are based on telephone interviews with 604 small business owners nationwide conducted January 22 - February 2, 2009. The Overall Small Business Index is computed from a formula that scores and sums the answers to 12 questions6 about the present situation and 6 about the future. The Overall index can range from -400 (the most negative score possible) to +400 (the most positive score possible), but in practice takes on a much more limited range. The margin of sampling error is +/- 4 percentage points. About Gallup For more than 70 years, Gallup has been a recognized leader in the measurement and analysis of peoples attitudes, opinions and behavior. While best known for the Gallup Poll, founded in 1935, Gallups current activities consist largely of providing marketing and management research, advisory services and education to the worlds largest corporations and institutions. About Wells Fargo Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 11,000 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. has the highest credit rating currently given to U.S. banks by Moodys Investors Service, Aa1, and Standard & Poors Ratings Services, AA+. Wells Fargo is Americas #1 small business lender in total dollar volume according to the most recent Community Reinvestment Act data (2007) and the #1 SBA 7a national bank lender in total dollar volume (2008). Wells Fargo has loaned more than $38 billion to women, African American, Latino and Asian business owners since 1995. For more information, speak with a Wells Fargo banker, visit wellsfargo.com/biz or call the National Business Banking Center at 1-800-CALL-WELLS. Note: Survey results available upon request. |
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| BusinessWire March 25, 2009 06:17 AM Eastern Daylight Time See Stephen M.R. Covey Live in 16 Cities in The U.S. and Canada: Franklin Covey Co.s Business at The Speed of Trust 2009 TourNew York Times Bestselling Author of The Speed of Trust to Speak on Restoring Trust SALT LAKE CITY--(BUSINESS WIRE)--Franklin Covey Co. (NYSE:FC), a global provider of training and consulting services, today announced that Stephen M.R. Covey, the #1 Wall Street Journal and New York Times bestselling author of The Speed of Trust: The One Thing That Changes Everything, will be the keynote speaker in 16 cities in the United States and Canada for its Business at The Speed of Trust 2009 Tour. During the three-hour events, Covey will present the business case for how high trust can help leaders to lower costs, accelerate results, and increase profits and influence in this economy. In this difficult economic climate, trust is the one thing that changes everything in an organization, said Covey. Its the catalyst for all other strategic imperatives, which are more likely to succeed if you start with trust. And, restoring trust in todays marketplace, especially with customers and layoff survivors, has become more mission critical than ever before. The Speed of Trust is the competitive advantage for growing market share in a down market. With confidence weakening across the globe, The Speed of Trust is resonating with leaders struggling to restore trust with stakeholders. The book has been published in 21 languages, and has become a global phenomenon, as evidenced by the demand for Covey to present its concepts in more than 30 international cities. Last year, Covey presented at the World Economic Forum in Beijing, where leaders voted a crisis of trust and confidence as the #1 challenge facing organizations in 2009.
About Franklin Covey Co. Franklin Covey Co. (NYSE:FC) (www.franklincovey.com), is a global provider of training and consulting services in the areas of leadership, productivity, strategy execution, customer loyalty, trust, sales performance, government, education and individual effectiveness. Clients include 90 percent of the Fortune 100, more than 75 percent of the Fortune 500, thousands of small- and mid-sized businesses, numerous government entities and educational institutions. Franklin Covey Co. has 40 direct and licensee offices providing professional services in 147 countries. |
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| BusinessWire March
25, 2009 06:00 AM Eastern Daylight Time |
| BusinessWire March 25, 2009 04:00 AM Eastern Daylight Time Ameron Reports Lower First-Quarter ResultsPASADENA, Calif.--(BUSINESS WIRE)--Ameron International Corporation (NYSE: AMN) today reported net income of $3.8 million, or $.42 per diluted share in the first quarter ended March 1, 2009, compared to net income of $9.7 million, or $1.07 per diluted share, in the first quarter ended March 2, 2008. Sales totaled $146.0 million in the first quarter of 2009, compared to $149.8 million, in 2008. The decrease in earnings was principally due to the lower earnings from TAMCO, Amerons 50%-owned steel mini-mill, which experienced a significant decline in demand for steel rebar due to the reduction in construction spending in California, Arizona and Nevada. The Fiberglass-Composite Pipe and Infrastructure Products Groups had lower sales and earnings, which were in large part offset by higher sales and earnings from the Water Transmission Group. The Water Transmission Group had higher sales and earnings primarily as a result of increased wind tower shipments and improved plant efficiencies. James S. Marlen, Amerons Chairman and Chief Executive Officer stated, The first-quarter results of the Companys core operations were, on balance, steady in spite of the global economic environment. The lower earnings for the first quarter were principally due to TAMCO which has been confronted with an unprecedented decline in steel rebar demand. The Fiberglass-Composite Pipe Group had lower sales and segment income in the first quarter of 2009 primarily as a result of soft market conditions in Europe and Brazil and the timing of shipments from Asian operations. Sales decreased $9.1 million, or 14%, in the first quarter of 2009; while segment income was down $2.0 million, or 12%. Weaker foreign currencies reduced sales $2.6 million, compared to last year. Operations in Europe had lower sales due to weak demand in marine and offshore markets. Operations in Brazil experienced weaker industrial demand primarily in the pulp and paper industry, while operations in Asia delayed shipments due to the inability of customers to arrange financing. Operations in the U.S. had higher sales and income principally as a result of increased marine and oilfield piping and tubing sales. The demand for fiberglass piping remains steady in the marine and offshore market segments, and the business maintains a healthy backlog in these segments. The onshore oilfield market slowed in the first quarter due to volatile oil prices. Worldwide industrial demand also slowed. The construction of two new plants in Brazil remains on schedule. The Centron plant to serve the onshore oilfield market in South America was completed and began production in the first quarter, while the Bondstrand plant which will primarily serve the marine and offshore markets should be completed late in 2009. The Fiberglass-Composite Pipe Group is expected to continue to moderate during 2009 due to the overall economic climate, the effect of oil prices and energy demand on oil production and the impact of tight credit markets. The Infrastructure Products Group had lower sales and segment income in the first quarter of 2009. Sales decreased $5.6 million, or 13%, while segment income declined $2.5 million, or 40%. Both the Hawaii Division and the Pole Products Division had lower sales and segment income. The Hawaii Divisions ready-mix concrete and aggregates business experienced lower demand on both Oahu and Maui as construction spending weakened. The Pole Products Division was affected by the weak residential housing market which reduced the demand for decorative concrete lighting poles. The U.S. housing market remained at the lowest level in many years and is not expected to recover in the short term. The construction sector in Hawaii has been impacted by the recessionary economy, a slowdown in tourism and tight credit. An improvement for the Infrastructure Products Group is not anticipated in 2009. The Water Transmission Group had higher sales and segment income in the first quarter of 2009. The sales increase totaled $10.6 million, or 26%, while segment income increased $4.5 million due to the higher sales and improved plant efficiencies. The sales improvement was attributed to increased shipments of wind towers as water pipe sales were about even with last year. The western U.S. market for large-diameter, high-pressure water transmission pipelines remains slow with bid activity well below historical levels. While numerous, large projects are in the planning and specifications stage, it is uncertain when projects will proceed. The timing of bid activity is being influenced by municipal budgets, availability of financing in tight credit markets and the slowdown in housing construction. Longer term, new and upgraded water infrastructure will be required to support population growth, to provide adequate water supply and to develop redundant water supplies. Near term, the water pipe business will continue to experience soft market demand. The wind energy market in recent months contracted due to the lack of financing available to wind farm developers. During the first quarter, the wind tower business had order postponements totaling approximately 30% of the order backlog. Until financing and incentives are provided to the wind energy industry, wind tower activity will remain depressed. TAMCO had significantly lower sales in the first quarter of 2009, compared to 2008. The business incurred a net loss of $5.2 million, compared to the net income of $6.1 million in the first quarter of 2008. Amerons share of TAMCOs net loss totaled $2.3 million after taxes in the first quarter of 2009, compared to $2.8 million of net income in 2008. Infrastructure spending in California, Arizona and Nevada declined abruptly during the fourth quarter of 2008 and continued through the first quarter of 2009. The demand for steel rebar is extremely low, and recovery in the short term is not expected. As a result of the low demand, TAMCO shut down mill operations in December and has served the market needs with existing inventory. It is expected that TAMCO will start-up operations on a limited basis in the second quarter of 2009. James S. Marlen continued, As expected, the global recession and the difficult market conditions impacted the Companys performance in the first quarter and produced lower results than in 2008. These conditions are expected to continue for the balance of 2009, which will be challenging. The Company has taken numerous steps to support profitability on lower volume, including scaling back production, personnel and costs. There is a great deal of uncertainty in the economy. As the government stimulus programs begin to be implemented, we could see an improvement of activity since most of Amerons businesses are well-positioned to benefit from higher infrastructure spending. Until then, the Company has the liquidity and strong cash flow to manage through the current economic downturn. Ameron International Corporation is a multinational manufacturer of highly-engineered products and materials for the chemical, industrial, energy, transportation and infrastructure markets. Traded on the New York Stock Exchange (AMN), Ameron is a leading producer of water transmission lines and fabricated steel products, such as wind towers; fiberglass-composite pipe for transporting oil, chemicals and corrosive fluids and specialized materials and products used in infrastructure projects. The Companys businesses operate in North America, South America, Europe and Asia. It also participates in several joint-venture companies in the U.S. and the Middle East. All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent the intentions, plans, expectations and beliefs of Ameron International Corporation (the Company or Ameron), and are subject to risks, uncertainties and other factors, many of which are outside the Companys control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled Risk Factors in the Companys Annual Report on Form 10-K for the fiscal year ended November 30, 2008. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law. AMERON INTERNATIONAL AND SUBSIDIARIES FINANCIAL STATEMENTS
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| BusinessWire March 23, 2009 06:28 PM Eastern Daylight Time National Talent Search USA Presents Cash and Prize Award Winning Competition for the Nation's Next Big StarsFinalists vie for $25,000 and Much, Much More
LAS VEGAS--(BUSINESS WIRE)--Silver Starr Art Studios: What: National Talent Search USA Competition Where: See Schedule Below When: See Schedule Below Who: Tomorrows Next Big Stars National Talent Search USA (NTSUSA), the first national all-inclusive talent competition of its kind, today announced the official launch of its highly anticipated campaign to find tomorrow's next big stars. Nationwide contenders from Music Groups (Vocalists, Bands, or Solo Singers) and Emcees to Dance Crews and Models each are invited to battle for the chance to win the National Title, while representing their city at Live Elimination Competition shows. The shows, which will kick off Summer 2009 and be filmed live at select Simon Malls nationwide, are expected to draw millions. Contestants audition initially via NTSUSAs innovative virtual process at NationalTalentSearchUSA.com. This process, which has already garnered thousands of entrants, has also generated an incredible fan base for auditioners across the nation. Site visitors have the opportunity to vote and select the Top 10 online audition winners in each talent category who will perform at the Live Elimination Competition at select locations in their city. Live Elimination Competition winners, after earning a $1,000 cash reward, will advance to the next level for the privilege to represent their city at the National Finals Competition. National Finals Competition contestants will then compete for a $25,000 cash reward, a two (2) year artist development contract, national touring opportunities, media coverage, television exposure, the coveted National Winner title for their talent category, and much more. We are excited about the launch of our novel competition and selection process, states Darrin Campbell, Executive Producer of NTSUSA. Many people are familiar with American Idol, America's Next Top Model, America's Best Dance Crew, and a host of similar shows. But never before has a competition covered so many areas of talent at one time. Talent remains valuable and in demand even during a weak economic environment, and we expect to provide hope for thousands who dream of becoming entertainment industry professionals, while healing the hearts of others through performances. What better way to do this than to create a positive project for them to engage in, as well as gain education and knowledge from the process. Among the benefits of NTSUSA competition process, contestants, auditioners, and/or supporters will be exposed to:
We salute, and are pleased to support, Darrin [Campbells] unprecedented initiative to create a staple such as NTSUSA in the entertainment industry, states Goldie Walker, Vice President of Public Relations and Marketing of Silver Starr Art Studios LLC. This initiative has taken, and w |