"San Andreas" registered a big number on the box office Richter scale this weekend.
The disaster film starring Dwayne "The Rock" Johnson took in an estimated $53.2 million in its U.S. debut.
'San Andreas' rattles box office with big $53.2 million opening - May. 31, 2015
Sunday, May 31, 2015
Owner of Los Angeles Medical Supply Company Sentenced to Seven Years in Prison in $3.3 Million Medicare Fraud Scheme
FBI Los Angeles Division #News Release:
Owner of Los Angeles Medical Supply Company Sentenced to Seven Years in Prison in $3.3 Million Medicare Fraud Scheme
Owner of Los Angeles Medical Supply Company Sentenced to Seven Years in Prison in $3.3 Million Medicare Fraud Scheme
| U.S. Department of JusticeMay 26, 2015 |
The former owner of a Los Angeles-based medical supply company was sentenced today to seven years in prison for his role in a fraud scheme that resulted in $3.3 million in fraudulent claims to Medicare.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, Acting U.S. Attorney Stephanie Yonekura of the Central District of California, Special Agent in Charge Glenn R. Ferry of the U.S. Department of Health and Human Services Office of Inspector General’s (HHS-OIG) Los Angeles Region and Assistant Director in Charge David L. Bowdich of the FBI’s Los Angeles Field Office made the announcement.
Hakop Gambaryan, 55, of East Hollywood, California, was convicted following a jury trial on March 20, 2015, of four counts of health care fraud. In addition to the prison sentence, U.S. District Court Judge Otis D. Wright II of the Central District of California ordered Gambaryan to pay $1,740,009 in restitution.
At trial, the evidence showed that Gambaryan, the former owner of a durable medical equipment supply company, fraudulently billed more than $3 million to Medicare for durable medical equipment, such as expensive power wheel chairs, that was not medically necessary. Medicare paid approximately $1.7 million on those fraudulent claims.
The evidence demonstrated that between March 2006 and December 2012, Gambaryan paid cash kickbacks to medical clinics for fraudulent prescriptions for durable medical equipment, which the patients did not need. Gambaryan then used these prescriptions to bill Medicare for the unnecessary equipment.
According to evidence presented at trial, Gambaryan personally delivered power wheelchairs to many beneficiaries who were able to walk without assistance. In one instance, Gambaryan carried a power wheelchair up a flight of stairs for a woman who lived in a second floor apartment with no elevator. In another instance, the power wheelchair would not fit inside the beneficiary’s home, so Gambaryan put it in the beneficiary’s garage.
The evidence also demonstrated that Gambaryan generated false documentation to support the fraudulent claims, including fake home assessments when no home assessments actually occurred. In addition, Gambaryan photocopied beneficiaries’ signatures hundreds of times to create the appearance that the beneficiaries consented to ongoing equipment rentals, when they did not. Indeed, at least two of the beneficiaries had passed away prior to the date they supposedly signed the rental agreements.
The case was investigated by the FBI and HHS-OIG and was brought as part of the Medicare Fraud Strike Force, under the supervision of the Criminal Division’s Fraud Section and the U.S. Attorney’s Office of the Central District of California. The case was prosecuted by Trial Attorneys Fred Medick and Ritesh Srivastava of the Criminal Division’s Fraud Section.
Since its inception in March 2007, the Medicare Fraud Strike Force, now operating in nine cities across the country, has charged nearly 2,100 defendants who have collectively billed the Medicare program for more than $6.5 billion. In addition, the HHS Centers for Medicare & Medicaid Services, working in conjunction with the HHS-OIG, are taking steps to increase accountability and decrease the presence of fraudulent providers.
To learn more about the Health Care Fraud Prevention and Enforcement Team (HEAT), go to:www.stopmedicarefraud.gov.
This content has been reproduced from its original source.
Wells Fargo Donates $275,000 For Texas Storm Relief Efforts
Wells Fargo #News Release:
Wells Fargo Donates $275,000 For Texas Storm Relief Efforts
Wells Fargo ATMs also to accept donations for the American Red Cross
SAN FRANCISCO -May 29, 2015
Wells Fargo & Company (NYSE: WFC) said today the company will donate $275,000 for relief efforts to support those impacted by severe flooding and property damage caused by recent storms in Texas. Wells Fargo will contribute $100,000 to the American Red Cross, and work with officials in the affected areas to distribute $175,000 in aid to local non-profits to support additional recovery efforts.
Additionally, from May 29 through June 15 Wells Fargo customers can donate to the American Red Cross at Wells Fargo ATMs in Texas. Customers will not be charged a fee for using this service and 100 percent of the donations will be sent to the Red Cross. Wells Fargo Rewards® customers can redeem any amount of their redeemable rewards balance as a donation to American Red Cross Disaster Relief from May 29 through June 7 by accessing their rewards account at MyWellsFargoRewards.com or calling the Wells Fargo Rewards Service Center at 1-877-517-1358.
“Wells Fargo is committed to helping those in Texas affected by the storms recover from this devastating event," said John Sotoodeh, Southwest Regional Banking Executive at Wells Fargo. "The Red Cross, as well as countless local non-profits, charitable organizations, and government agencies, do tremendous work assisting our communities in their time of need. We hope our contributions and the contributions of our customers will play an important role in supporting the recovery and rebuilding efforts. Our thoughts are with everyone impacted in communities across Texas during this challenging time.”
Customers impacted by the storms may discuss their financial options by contacting Wells Fargo 24 hours a day, seven days a week at 1-800-TO-WELLS (1-800-869-3557), or by visiting their nearest Wells Fargo store.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo Donates $275,000 For Texas Storm Relief Efforts
Wells Fargo ATMs also to accept donations for the American Red Cross
SAN FRANCISCO -May 29, 2015
Wells Fargo & Company (NYSE: WFC) said today the company will donate $275,000 for relief efforts to support those impacted by severe flooding and property damage caused by recent storms in Texas. Wells Fargo will contribute $100,000 to the American Red Cross, and work with officials in the affected areas to distribute $175,000 in aid to local non-profits to support additional recovery efforts.
Additionally, from May 29 through June 15 Wells Fargo customers can donate to the American Red Cross at Wells Fargo ATMs in Texas. Customers will not be charged a fee for using this service and 100 percent of the donations will be sent to the Red Cross. Wells Fargo Rewards® customers can redeem any amount of their redeemable rewards balance as a donation to American Red Cross Disaster Relief from May 29 through June 7 by accessing their rewards account at MyWellsFargoRewards.com or calling the Wells Fargo Rewards Service Center at 1-877-517-1358.
“Wells Fargo is committed to helping those in Texas affected by the storms recover from this devastating event," said John Sotoodeh, Southwest Regional Banking Executive at Wells Fargo. "The Red Cross, as well as countless local non-profits, charitable organizations, and government agencies, do tremendous work assisting our communities in their time of need. We hope our contributions and the contributions of our customers will play an important role in supporting the recovery and rebuilding efforts. Our thoughts are with everyone impacted in communities across Texas during this challenging time.”
Customers impacted by the storms may discuss their financial options by contacting Wells Fargo 24 hours a day, seven days a week at 1-800-TO-WELLS (1-800-869-3557), or by visiting their nearest Wells Fargo store.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo to Present at the Morgan Stanley Financials Conference
Wells Fargo #News Release:
Wells Fargo to Present at the Morgan Stanley Financials Conference
SAN FRANCISCO, May 28, 2015
Wells Fargo & Company (NYSE: WFC) said today that Tim Sloan, Senior EVP and Head of Wholesale Banking, will present at the Morgan Stanley Financials Conference to be held in New York on Wednesday, June 10, at 8:35 a.m. Eastern Time (5:35 a.m. Pacific Time).
The live audio webcast will be available at the following addresses:
https://www.wellsfargo.com/about/investor-relations/events/
http://cc.talkpoint.com/morg007/060915a_ae/?entity=23_KQ3EENS
A replay of the webcast will be available for six months.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo to Present at the Morgan Stanley Financials Conference
SAN FRANCISCO, May 28, 2015
Wells Fargo & Company (NYSE: WFC) said today that Tim Sloan, Senior EVP and Head of Wholesale Banking, will present at the Morgan Stanley Financials Conference to be held in New York on Wednesday, June 10, at 8:35 a.m. Eastern Time (5:35 a.m. Pacific Time).
The live audio webcast will be available at the following addresses:
https://www.wellsfargo.com/about/investor-relations/events/
http://cc.talkpoint.com/morg007/060915a_ae/?entity=23_KQ3EENS
A replay of the webcast will be available for six months.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo awards grants in Salt Lake City to help homeless
Wells Fargo #News Release:
Wells Fargo awards grants in Salt Lake City to help homeless
Two local non-profit organizations to share $500,000 in funding through Wells Fargo’s NeighborhoodLIFT® program to help revitalize neighborhoods, prevent veteran and family homelessness
SALT LAKE CITY – May 27, 2015
Wells Fargo & Company (NYSE: WFC), today announced grants totaling $500,000 for two nonprofits committed to assisting veterans and families in Salt Lake City overcome homelessness through the Wells Fargo NeighborhoodLIFT program.
The Road Home ($300,000) and The Community Foundation of Utah ($200,000) are receiving the grants to help prevent homelessness in Salt Lake City. The grant recipients were selected in close collaboration with Mayor Ralph Becker and the city’s division of Housing and Neighborhood Development to help address key local initiatives in the Salt Lake City community including homelessness prevention programs.
“I know support from the Wells Fargo NeighborhoodLIFT program will make a difference for Salt Lake,” Mayor Becker said. “My hope is that projects and programs funded by these grants will help Salt Lake be known as the community that makes sure that all of the homeless get the shelter and services they need and deserve.”
The combined $500,000 in grants is part of the Wells Fargo Salt Lake City NeighborhoodLIFT program that invested a total of $5 million to help boost homeownership in the community. The program is also helping create more than 200 Salt Lake homeowners with the help of a NeighborhoodLIFT program $15,000 down payment assistance grant after completing homebuyer education. Grants may be available for reservation by contacting NeighborWorks Salt Lake or a Salt Lake City-based Wells Fargo Home Mortgage consultant.
“We’re proud to do our part to help Salt Lake City neighborhoods,” said Dee O’Donnell, Wells Fargo regional president. “We believe these nonprofits are doing exceptional work in the community and these funds will add up to make a big impact for the Salt Lake City community.”
In Salt Lake City, the $15,000 down payment assistance grants were administered by NeighborWorks Salt Lake and awarded to eligible homebuyers with annual incomes that do not exceed 120 percent of the Salt Lake City area median income – which is about $82,450 for a family of four. Approximately 70 grants are still available for eligible homebuyers in the Salt Lake City area.
Since 2012, with a combined $242 million investment by Wells Fargo, LIFT programs have been introduced to 34 communities deeply affected by the housing crisis. The program has created nearly 9,500 homeowners, with the help of down payment assistance and homebuyer education. A video about the NeighborhoodLIFT program is posted on the Wells Fargo YouTube Channel.‡
Wells Fargo collaborated with the Wells Fargo Foundation, Salt Lake City, NeighborWorks America and its local affiliate, NeighborWorks Salt Lake, to implement the program.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo awards grants in Salt Lake City to help homeless
Two local non-profit organizations to share $500,000 in funding through Wells Fargo’s NeighborhoodLIFT® program to help revitalize neighborhoods, prevent veteran and family homelessness
SALT LAKE CITY – May 27, 2015
Wells Fargo & Company (NYSE: WFC), today announced grants totaling $500,000 for two nonprofits committed to assisting veterans and families in Salt Lake City overcome homelessness through the Wells Fargo NeighborhoodLIFT program.
The Road Home ($300,000) and The Community Foundation of Utah ($200,000) are receiving the grants to help prevent homelessness in Salt Lake City. The grant recipients were selected in close collaboration with Mayor Ralph Becker and the city’s division of Housing and Neighborhood Development to help address key local initiatives in the Salt Lake City community including homelessness prevention programs.
“I know support from the Wells Fargo NeighborhoodLIFT program will make a difference for Salt Lake,” Mayor Becker said. “My hope is that projects and programs funded by these grants will help Salt Lake be known as the community that makes sure that all of the homeless get the shelter and services they need and deserve.”
The combined $500,000 in grants is part of the Wells Fargo Salt Lake City NeighborhoodLIFT program that invested a total of $5 million to help boost homeownership in the community. The program is also helping create more than 200 Salt Lake homeowners with the help of a NeighborhoodLIFT program $15,000 down payment assistance grant after completing homebuyer education. Grants may be available for reservation by contacting NeighborWorks Salt Lake or a Salt Lake City-based Wells Fargo Home Mortgage consultant.
“We’re proud to do our part to help Salt Lake City neighborhoods,” said Dee O’Donnell, Wells Fargo regional president. “We believe these nonprofits are doing exceptional work in the community and these funds will add up to make a big impact for the Salt Lake City community.”
In Salt Lake City, the $15,000 down payment assistance grants were administered by NeighborWorks Salt Lake and awarded to eligible homebuyers with annual incomes that do not exceed 120 percent of the Salt Lake City area median income – which is about $82,450 for a family of four. Approximately 70 grants are still available for eligible homebuyers in the Salt Lake City area.
Since 2012, with a combined $242 million investment by Wells Fargo, LIFT programs have been introduced to 34 communities deeply affected by the housing crisis. The program has created nearly 9,500 homeowners, with the help of down payment assistance and homebuyer education. A video about the NeighborhoodLIFT program is posted on the Wells Fargo YouTube Channel.‡
Wells Fargo collaborated with the Wells Fargo Foundation, Salt Lake City, NeighborWorks America and its local affiliate, NeighborWorks Salt Lake, to implement the program.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo to Present at the Deutsche Bank 2015 Global Financial Services Investor Conference
Wells Fargo #News Release:
Wells Fargo to Present at the Deutsche Bank 2015 Global Financial Services Investor Conference
SAN FRANCISCO, May 27, 2015
Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer John Shrewsberry will participate at the Deutsche Bank 2015 Global Financial Services Investor Conference to be held in New York on Wednesday, June 3, at 9:40 a.m. Eastern Time (6:40 a.m. Pacific Time).
The live audio webcast will be available at the following addresses:
https://www.wellsfargo.com/about/investor-relations/events/
http://edge.media-server.com/m/p/rgd5w2cq
A replay of the webcast will be available for 90 days.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo to Present at the Deutsche Bank 2015 Global Financial Services Investor Conference
SAN FRANCISCO, May 27, 2015
Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer John Shrewsberry will participate at the Deutsche Bank 2015 Global Financial Services Investor Conference to be held in New York on Wednesday, June 3, at 9:40 a.m. Eastern Time (6:40 a.m. Pacific Time).
The live audio webcast will be available at the following addresses:
https://www.wellsfargo.com/about/investor-relations/events/
http://edge.media-server.com/m/p/rgd5w2cq
A replay of the webcast will be available for 90 days.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo Asset Management recognizes Golden Capital, recipient of 2015 SMA Manager of the Year Award
Wells Fargo #News Release:
Wells Fargo Asset Management recognizes Golden Capital, recipient of 2015 SMA Manager of the Year Award
SAN FRANCISCO, May 26, 2015
Wells Fargo Asset Management is pleased to recognize Golden Capital Management, LLC, for its recent honor for excellence among separately managed account managers. Golden Capital, an independent subsidiary of Wells Fargo & Company based in Charlotte, North Carolina, was named 1 of 10 2015 SMA Managers of the Year by Envestnet | PMC and Investment Advisor magazine.
Golden Capital’s Large Cap Core strategy received the award within the Large Cap U.S. Equity category; the firm won the same award in 2009, as well. Golden Capital employs the same strategy in the Wells Fargo Advantage Large Cap Core Fund as it does in its retail and institutional separately managed accounts.
Both the strategy and the fund are managed by Jeff Moser, CFA, and John Campbell, CFA. Mr. Moser, lead manager, accepted the award at a ceremony earlier this month at the Envestnet Advisor Summit in Chicago.
Among the comments from Envestnet | PMC analysts, according to a story on thinkadvisor.com, the online outlet of Investment Advisor: “Golden receives our top recommendation due to its sound and repeatable investment process, skilled and experienced investment team, as well as a strong long-term risk profile.”
Golden Capital’s Large Cap Core strategy and the Wells Fargo Advantage Large Cap Core Fund each strive to beat the S&P 500 Index. The team’s disciplined strategy seeks to outperform the S&P 500 Index through a rigorous quantitative approached paired with a qualitative overlay. The team adheres to an investment philosophy centered on a disciplined, objective, and repeatable stock selection process.
Golden Capital believes that undervalued companies with improving earnings fundamentals, strong balance sheets, experienced management, and well-positioned products should exhibit stock price appreciation. Through a rigorous, systematic process, Golden Capital identifies and carefully vets companies fitting its criteria. The result is a portfolio of typically 50 companies with what Golden Capital believes are strong fundamentals, a combined average valuation lower than the index, and a high potential for beating earnings expectations.
About Wells Fargo Asset Management
Wells Fargo Asset Management strives to help our clients achieve their financial goals through top-tier investment solutions managed by specialized investment teams that are supported by independent risk management and backed by superior, collaborative service. With more than $490 billion in assets under management, Wells Fargo Asset Management has more than 40 autonomous investment teams with specialized expertise and proven processes; 1,700 dedicated team members, including more than 500 investment professionals; and a global reach with offices and clients around the world.
Wells Fargo Asset Management is a trade name used by the asset management businesses of Wells Fargo & Company. Certain investments are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA, a subsidiary of Wells Fargo & Company
About Golden Capital Management
Golden Capital Management is an SEC-registered investment advisor based in Charlotte, North Carolina. It was founded in 1999 by Greg Golden, the firm’s president and CEO, and Jeff Moser, the chief operating officer. Today, Golden Capital operates as an independent subsidiary of Wells Fargo & Company. Golden Capital has attracted a team of experienced investment professionals who share strong educational backgrounds, respected industry credentials, and a commitment to objective, independent research.
Note: CFA® is a trademark owned by CFA Institute.
Wells Fargo Asset Management recognizes Golden Capital, recipient of 2015 SMA Manager of the Year Award
SAN FRANCISCO, May 26, 2015
Wells Fargo Asset Management is pleased to recognize Golden Capital Management, LLC, for its recent honor for excellence among separately managed account managers. Golden Capital, an independent subsidiary of Wells Fargo & Company based in Charlotte, North Carolina, was named 1 of 10 2015 SMA Managers of the Year by Envestnet | PMC and Investment Advisor magazine.
Golden Capital’s Large Cap Core strategy received the award within the Large Cap U.S. Equity category; the firm won the same award in 2009, as well. Golden Capital employs the same strategy in the Wells Fargo Advantage Large Cap Core Fund as it does in its retail and institutional separately managed accounts.
Both the strategy and the fund are managed by Jeff Moser, CFA, and John Campbell, CFA. Mr. Moser, lead manager, accepted the award at a ceremony earlier this month at the Envestnet Advisor Summit in Chicago.
Among the comments from Envestnet | PMC analysts, according to a story on thinkadvisor.com, the online outlet of Investment Advisor: “Golden receives our top recommendation due to its sound and repeatable investment process, skilled and experienced investment team, as well as a strong long-term risk profile.”
Golden Capital’s Large Cap Core strategy and the Wells Fargo Advantage Large Cap Core Fund each strive to beat the S&P 500 Index. The team’s disciplined strategy seeks to outperform the S&P 500 Index through a rigorous quantitative approached paired with a qualitative overlay. The team adheres to an investment philosophy centered on a disciplined, objective, and repeatable stock selection process.
Golden Capital believes that undervalued companies with improving earnings fundamentals, strong balance sheets, experienced management, and well-positioned products should exhibit stock price appreciation. Through a rigorous, systematic process, Golden Capital identifies and carefully vets companies fitting its criteria. The result is a portfolio of typically 50 companies with what Golden Capital believes are strong fundamentals, a combined average valuation lower than the index, and a high potential for beating earnings expectations.
About Wells Fargo Asset Management
Wells Fargo Asset Management strives to help our clients achieve their financial goals through top-tier investment solutions managed by specialized investment teams that are supported by independent risk management and backed by superior, collaborative service. With more than $490 billion in assets under management, Wells Fargo Asset Management has more than 40 autonomous investment teams with specialized expertise and proven processes; 1,700 dedicated team members, including more than 500 investment professionals; and a global reach with offices and clients around the world.
Wells Fargo Asset Management is a trade name used by the asset management businesses of Wells Fargo & Company. Certain investments are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA, a subsidiary of Wells Fargo & Company
About Golden Capital Management
Golden Capital Management is an SEC-registered investment advisor based in Charlotte, North Carolina. It was founded in 1999 by Greg Golden, the firm’s president and CEO, and Jeff Moser, the chief operating officer. Today, Golden Capital operates as an independent subsidiary of Wells Fargo & Company. Golden Capital has attracted a team of experienced investment professionals who share strong educational backgrounds, respected industry credentials, and a commitment to objective, independent research.
Note: CFA® is a trademark owned by CFA Institute.
Harmony Health Plan Gives $2,000 to the Asthma Coalition of Illinois to Send 120 Children to Camp
WellCare #News Release:
| Harmony Health Plan Gives $2,000 to the Asthma Coalition of Illinois to Send 120 Children to Camp |
Olympic Track Athlete, Jackie Joyner-Kersee Sends Personal Message to Inspire and Encourage Healthy Habits
TAMPA, Fla. (May 29, 2014) — Harmony Health Plan, a subsidiary of WellCare Health Plans, Inc. (NYSE: WCG), announced today that it gave $2,000 to the Southwestern Illinois Asthma Coalition (SWIAC) to send 120 children to the organization’s Asthma Blast Summer Camp in East Saint Louis, Ilinois. The SWIAC offers free half- and full-day camps to provide children who are six years old and older with asthma education through fun games and activities. It also educates the campers’ parents about asthma management to help them assist their children in developing the life-long habits needed to lead a healthy, active lifestyle.
As a part of Asthma Awareness Month, Harmony presented the check to SWIAC at its East St. Louis Asthma Kick-Off event. Track and field star, four-time Olympian, three-time gold medalist and SWIAC supporter, Jackie Joyner-Kersee shared a message at the event about her personal battle with asthma.
“I was in denial for a long time and I had to learn to respect the disease and take my medication regularly so the disease wouldn’t control me or my quality of life,” said Joyner-Kersee, who was diagnosed as a college freshman. “Asthma awareness is very important in helping children understand that asthma doesn’t have to prevent their athletic dreams. The SWIAC asthma camps will teach so many children facing the challenges of asthma to take their medication properly and to avoid potential asthma triggers.”
Asthma is one of the most common chronic pediatric diseases and affects approximately 9.6 million children across the country. National survey data collected by the Centers for Disease Control and Prevention indicate a disproportionately greater rate of asthma among children, women, blacks and those reporting income below the federal poverty level.
"In the St. Louis Metro region, asthma is the number one reason children are hospitalized,” said Amy Funk, asthma home assessment program coordinator for SWIAC. “In fact, East St. Louis falls within St. Clair County, which has the highest rate of asthma hospitalizations in the state. We thank Harmony WellCare for supporting our asthma camps and for making a significant difference in the lives of the children who will attend as a result of their contribution.”
“Harmony WellCare is proud to support SWIAC in its efforts to equip families and children with the information and tools they need to manage childhood asthma so children can stay out of the hospital, stay in school and enjoy the activities that make childhood special,” said Dr. David Sand, medical director for WellCare of Illinois.
For more information about SWAIC, and to attend or sponsor an asthma camp, contact Rhonda W. Comrie, the associate dean for the school of nursing at Southern Illinois University, Edwardsville, at 618-650-3972.
As of March 31, 2015, Harmony WellCare serves approximately 153,000 Medicaid members, 15,000 Medicare Advantage plan members and 34,000 Medicare Prescription Drug Plan members in Illinois.
About WellCare Health Plans, Inc.
Headquartered in Tampa, Fla., WellCare Health Plans, Inc. (NYSE: WCG) focuses exclusively on providing government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs. WellCare serves approximately 3.8 million members nationwide as of March 31, 2015. For more information about WellCare, please visit the company's website atwww.wellcare.com or view the company’s videos athttps://www.youtube.com/user/WellCareHealthPlan. |
WellCare to Present at the Jefferies 2015 Global Healthcare Conference
WellCare #News Release:
| WellCare to Present at the Jefferies 2015 Global Healthcare Conference |
TAMPA, Fla. (May 29, 2015) - WellCare Health Plans, Inc. (NYSE: WCG) today announced that Drew Asher, senior vice president and chief financial officer, will present at the Jefferies 2015 Global Healthcare Conference on Wednesday, June 3, 2015, at 10:00 a.m. Eastern time.
The presentation will be webcast live. A replay of the webcast will be available following the conclusion of the live broadcast and for 30 days thereafter. Both the live presentation and the replay will be available on the Company's website atwww.wellcare.com.
About WellCare Health Plans, Inc.
Headquartered in Tampa, Fla., WellCare Health Plans, Inc. (NYSE: WCG) focuses exclusively on providing government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs. The Company serves approximately 3.8 million members nationwide as of March 31, 2015. |
United Technologies to present at Deutsche Bank Global Industrials and Basic Materials Conference
United Technologies #News Release:
United Technologies to present at Deutsche Bank Global Industrials and Basic Materials Conference
5/29/2015
HARTFORD, Conn., May 29, 2015 /PRNewswire/ -- A webcast of United Technologies Corp. (NYSE: UTX) Senior Vice President and Chief Financial Officer Akhil Johri speaking at the Deutsche Bank Global Industrials and Basic Materials Conference is scheduled for 11:40 a.m. ET (10:40 a.m. CT) on Thursday, June 4, 2015. The presentation will be broadcast live on the Internet at www.utc.com and will be archived on the website afterward.
United Technologies, based in Hartford, Connecticut, provides high-technology systems and services to the building and aerospace industries. For more information, visit our website at www.utc.com or follow us on Twitter: @UTC.
UTC-IR
Employees Donate Time to Support Habitat for Humanity Chapter in Florida | Building Sustainable Cities | Community | Corporate Responsibility | United Technologies
Over 30 UTC Building & Industrial Systems employees volunteered their time for a recent Habitat for Humanity®project in Jupiter, Florida. Assisting with painting a three-bedroom, one-story stucco home, the volunteers worked tirelessly in the heat and humidity of south Florida, advancing the home towards completion.
As with every Habitat for Humanity project, the construction or refurbishment of the home, as well as painting and other needs, are completed entirely by volunteers. However, the family moving into the home is also required to contribute ‘sweat equity’ and fulfill over 200 hours of labor per able adult. The four-person family moving into the Jupiter home will begin a 30-year mortgage upon moving in, but they will not be required to provide a down payment.
Employees Donate Time to Support Habitat for Humanity Chapter in Florida | Building Sustainable Cities | Community | Corporate Responsibility | United Technologies
Local Syracuse Students Compete in Junior Achievement Workshop Sponsored by Carrier and United Technologies | Advancing STEM Education | Community | Corporate Responsibility | United Technologies
High school students from the Syracuse City School District and Liverpool Central School District recently participated in a Junior Achievement Workplace Skills Challenge at Onondaga Community College.
The event, "JA You’re Hired!" sponsored by Carrier and United Technologies, challenged the students to put to the test the skills learned in the JA Career Success® in-class program held previously. Over a dozen Carrier employees volunteered their time in the classroom to provide activities designed to teach young people the importance of critical thinking, creativity, communication and collaboration in today’s 21st century workplace, and interacted with the students at the event as they participated in team building and networking challenges.
Local Syracuse Students Compete in Junior Achievement Workshop Sponsored by Carrier and United Technologies | Advancing STEM Education | Community | Corporate Responsibility | United Technologies
U.S. Bank Customers Will Soon Be Able to Add Their Cards to Android Pay
#News Release:
| U.S. Bank Customers Will Soon Be Able to Add Their Cards to Android Pay |
“We’re proud to be helping our customers tap into exciting new ways to pay,” said “Mobile payments are a big priority for With Android Pay, customers can use their Android phones to make purchases in stores and in apps. It offers a fast, simple and secure way to use a card to buy things in-app or in-store—all without pulling out a physical wallet. It’s a secure, mobile purchasing system that works with Android devices running KitKat (4.4) or higher. About |
Bell Helicopter Announces First Bell 407GXP in Panama
Textron #News Release:
Bell Helicopter Announces First Bell 407GXP in Panama
05/27/2015
Fort Worth, Texas (May 27, 2015) – Bell Helicopter, a Textron Inc. company (NYSE: TXT), announced today the sale of the first Bell 407GXP in Panama. The aircraft is scheduled to be delivered in July 2015 and will be outfitted to perform corporate and VIP transport in the region for Urban Development Group (UDG).
“The reliability of Bell helicopters have been proven to us over the years with the use of our Bell 407GX,” said Gabriel Diez, CEO at Urban Development Group. “We are thrilled to integrate the new Bell 407GXP into our operations with its state-of-the-art features and superior performance.”
UDG is a Panamanian family-owned business with over 40 years experience in the construction industry. Their operations include commercial and residential projects that are designed and created to ensure quality and customer satisfaction.
“We look forward to continuing our relationship with UDG and delivering the first Bell 407GXP into Panama,” said Jay Ortiz, Bell Helicopter’s vice president for Latin American sales. “We believe the proven capabilities of this aircraft will continue to attract operators throughout the region.”
This year at Heli-Expo 2015 in Orlando, Fla., Bell Helicopter introduced the new Bell 407GXP. The new aircraft is derived from the Bell 407GX platform with updates that provide an additional 50 lbs (22.5 kg) of payload capability, coupled with a new M250 Rolls-Royce engine that improves performance and fuel efficiency delivery class leading hot and high performance. The Bell 407GXP is also equipped with new avionics features such as hover performance calculator improvement, as well as transmission TBO extension of +500 hours that will lower maintenance costs.
Press Contact
LINDSEY VIOTTO
+1 817-280-3100
mediarelations@bh.com
Online Media Kit
Facebook | Twitter | YouTube
About Bell Helicopter
Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to changes in aircraft delivery schedules or cancellations or deferrals of orders.
“The reliability of Bell helicopters have been proven to us over the years with the use of our Bell 407GX,” said Gabriel Diez, CEO at Urban Development Group. “We are thrilled to integrate the new Bell 407GXP into our operations with its state-of-the-art features and superior performance.”
UDG is a Panamanian family-owned business with over 40 years experience in the construction industry. Their operations include commercial and residential projects that are designed and created to ensure quality and customer satisfaction.
“We look forward to continuing our relationship with UDG and delivering the first Bell 407GXP into Panama,” said Jay Ortiz, Bell Helicopter’s vice president for Latin American sales. “We believe the proven capabilities of this aircraft will continue to attract operators throughout the region.”
This year at Heli-Expo 2015 in Orlando, Fla., Bell Helicopter introduced the new Bell 407GXP. The new aircraft is derived from the Bell 407GX platform with updates that provide an additional 50 lbs (22.5 kg) of payload capability, coupled with a new M250 Rolls-Royce engine that improves performance and fuel efficiency delivery class leading hot and high performance. The Bell 407GXP is also equipped with new avionics features such as hover performance calculator improvement, as well as transmission TBO extension of +500 hours that will lower maintenance costs.
Press Contact
LINDSEY VIOTTO
+1 817-280-3100
mediarelations@bh.com
Online Media Kit
Facebook | Twitter | YouTube
About Bell Helicopter
Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to changes in aircraft delivery schedules or cancellations or deferrals of orders.
World’s First Bell 407GT Sold to BBM Inc.
Textron #News Release:
Armored version of the Bell 407 to be operated in the Middle East and Africa
Fort Worth, Texas (May 27, 2015) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today a milestone sale and delivery of the first Bell 407GT to BBM Inc. to operate in the Middle East and Africa. The Bell 407GT is the armed version of the Bell 407GX, and will be used to perform a variety of missions including law enforcement and homeland security.
“We are thrilled to be the launch customer and to introduce the Bell 407GT to the Middle East and Africa,” said Fred Hees, CEO of BBM Inc. “We were very impressed by the aircraft’s performance and unique capabilities, and are excited to bring this advanced aircraft to our customers in the region to provide a cost effective armed aircraft solution.”
BBM Inc. has purchased 16 Bell 407GXs earlier this year, and has signed a letter of intent for a Bell 505 and aBell 525 and is focused on providing their customers with industry-leading products.
“Our initial success with the Bell 407GX has expanded our capability exponentially in the Middle East and African markets,” added Hees.
The Bell 407GT is the armed version of the best-selling Bell 407GX, qualified for a range of weapons from light munitions to advanced laser-guided munitions. The state-of-the-art tactical light commercial helicopter brings together the Garmin G1000HTM flight deck with precision weapons capability. Standard specifications include a multi-sensor camera system, weapons management system, universal weapons pylons, tactical radio suite, target sight system, sliding doors for rapid egress and ingress and high-visibility windows for the cockpit and cabin.
“The Middle East is a huge market for the Bell 407GT and we see this aircraft really growing in the region,” said Steve Suttles, vice president and managing director of sales in the Middle East and Africa. “BBM Inc.’s aircraft is set to go into service later this year, and we are excited for the region to be able to witness the missions this aircraft is capable of completing.
Press Contact
ASHLEIGH DANA
+1 817-280-3100
mediarelations@bh.com
Online Media Kit
Facebook | Twitter | YouTube
About Bell Helicopter
Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to changes in aircraft delivery schedules or cancellations or deferrals of orders.
World’s First Bell 407GT Sold to BBM Inc.
05/27/2015
“We are thrilled to be the launch customer and to introduce the Bell 407GT to the Middle East and Africa,” said Fred Hees, CEO of BBM Inc. “We were very impressed by the aircraft’s performance and unique capabilities, and are excited to bring this advanced aircraft to our customers in the region to provide a cost effective armed aircraft solution.”
BBM Inc. has purchased 16 Bell 407GXs earlier this year, and has signed a letter of intent for a Bell 505 and aBell 525 and is focused on providing their customers with industry-leading products.
“Our initial success with the Bell 407GX has expanded our capability exponentially in the Middle East and African markets,” added Hees.
The Bell 407GT is the armed version of the best-selling Bell 407GX, qualified for a range of weapons from light munitions to advanced laser-guided munitions. The state-of-the-art tactical light commercial helicopter brings together the Garmin G1000HTM flight deck with precision weapons capability. Standard specifications include a multi-sensor camera system, weapons management system, universal weapons pylons, tactical radio suite, target sight system, sliding doors for rapid egress and ingress and high-visibility windows for the cockpit and cabin.
“The Middle East is a huge market for the Bell 407GT and we see this aircraft really growing in the region,” said Steve Suttles, vice president and managing director of sales in the Middle East and Africa. “BBM Inc.’s aircraft is set to go into service later this year, and we are excited for the region to be able to witness the missions this aircraft is capable of completing.
Press Contact
ASHLEIGH DANA
+1 817-280-3100
mediarelations@bh.com
Online Media Kit
Facebook | Twitter | YouTube
About Bell Helicopter
Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to changes in aircraft delivery schedules or cancellations or deferrals of orders.
Textron Systems Joins UAS Denmark
Textron #News Release:
Textron Systems Joins UAS Denmark
05/26/2015
Company Brings More Than a Million Flight Hours and 30+ Years of Unmanned Systems Experience to European Test Center
ODENSE, Denmark — May 26, 2015 — Textron Systems, a Textron Inc. (NYSE: TXT) business, announced today its participation in Unmanned Aircraft Systems (UAS) Denmark. Founded in 2012, the innovation-driven UAS Denmark and its network includes representation from all parts of the industrial supply chain — including industry, research institutions and user organizations — to promote UAS development and testing, as well as to expand the market in Denmark and Europe. This includes the Nordic UAS Event at the UAS Test Center Denmark on May 27 and 28, where Textron Systems will exhibit.
Textron Systems actively supports customers in Europe, including the Swedish military, which currently uses the company’s ground-breaking Shadow® 200 Tactical Unmanned Aircraft System (TUAS). In addition, the Italian military is fielding the most advanced generation of the Shadow 200 system, designated by the U.S. Department of Defense as the Shadow RQ-7B V2 TUAS. This configuration also is being fielded to the U.S. Army, Marine Corps and Special Operations Command.
Additionally, Textron Systems is serving commercial customers internationally with its Aerosonde™ UAS, which is currently supporting oil and gas operations. The Aerosonde system’s history as a scientific and military platform have led to notable achievements. It was the world’s first UAS to cross the Atlantic Ocean, and has amassed more than 1,300 flight hours over the Arctic and Antarctica.
“Textron Systems is proud and eager to bring more than 30 years as a UAS designer and manufacturer to the UAS Denmark network of innovators and the Danish industry, as together we explore new applications for UAS,” says Textron Systems’ Director of Business Operations, Europe and Africa Bear Midkiff. “We are privileged to support our customers with operational and support services, living and working alongside them in some of the world’s most challenging environments, and have gained more than a million flight hours between our Shadow and Aerosonde systems as a result.”
“We are happy to see one of the biggest players in the UAS market joining our national network,” says UAS Denmark’s Head of UAS Michael Larsen. “Textron Systems has proven its strong capabilities within the field of the unmanned technologies for many years. For Denmark as a UAS country, this membership proves our ability to attract international companies that can potentially start cooperation with Danish companies and make the UAS business stronger in the country.”
About Textron Systems
Textron Systems’ businesses develop and integrate products, services and support for aerospace and defense customers, as well as civil and commercial customers including those in law enforcement, security, border patrol and critical infrastructure protection around the globe. Harnessing agility and a broad base of expertise, Textron Systems’ innovative businesses design, manufacture, field and support comprehensive solutions that expand customer capabilities and deliver value. Textron Systems consists of its Advanced Information Solutions, Electronic Systems, Geospatial Solutions, Lycoming Engines, Marine & Land Systems, Support Solutions, TRU Simulation + Training, Unmanned Systems and Weapon & Sensor Systems businesses. More information is available at www.textronsystems.com.
About UAS Denmark
UAS Denmark is the national industry network for UAS organizations, and the network now counts over 80 members. The membership list is diverse and represents the whole UAS value chain — from developers and larger corporations to the large Danish research institutions and user organizations.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.
Textron Systems Joins UAS Denmark
05/26/2015
Company Brings More Than a Million Flight Hours and 30+ Years of Unmanned Systems Experience to European Test Center
ODENSE, Denmark — May 26, 2015 — Textron Systems, a Textron Inc. (NYSE: TXT) business, announced today its participation in Unmanned Aircraft Systems (UAS) Denmark. Founded in 2012, the innovation-driven UAS Denmark and its network includes representation from all parts of the industrial supply chain — including industry, research institutions and user organizations — to promote UAS development and testing, as well as to expand the market in Denmark and Europe. This includes the Nordic UAS Event at the UAS Test Center Denmark on May 27 and 28, where Textron Systems will exhibit.
Textron Systems actively supports customers in Europe, including the Swedish military, which currently uses the company’s ground-breaking Shadow® 200 Tactical Unmanned Aircraft System (TUAS). In addition, the Italian military is fielding the most advanced generation of the Shadow 200 system, designated by the U.S. Department of Defense as the Shadow RQ-7B V2 TUAS. This configuration also is being fielded to the U.S. Army, Marine Corps and Special Operations Command.
Additionally, Textron Systems is serving commercial customers internationally with its Aerosonde™ UAS, which is currently supporting oil and gas operations. The Aerosonde system’s history as a scientific and military platform have led to notable achievements. It was the world’s first UAS to cross the Atlantic Ocean, and has amassed more than 1,300 flight hours over the Arctic and Antarctica.
“Textron Systems is proud and eager to bring more than 30 years as a UAS designer and manufacturer to the UAS Denmark network of innovators and the Danish industry, as together we explore new applications for UAS,” says Textron Systems’ Director of Business Operations, Europe and Africa Bear Midkiff. “We are privileged to support our customers with operational and support services, living and working alongside them in some of the world’s most challenging environments, and have gained more than a million flight hours between our Shadow and Aerosonde systems as a result.”
“We are happy to see one of the biggest players in the UAS market joining our national network,” says UAS Denmark’s Head of UAS Michael Larsen. “Textron Systems has proven its strong capabilities within the field of the unmanned technologies for many years. For Denmark as a UAS country, this membership proves our ability to attract international companies that can potentially start cooperation with Danish companies and make the UAS business stronger in the country.”
About Textron Systems
Textron Systems’ businesses develop and integrate products, services and support for aerospace and defense customers, as well as civil and commercial customers including those in law enforcement, security, border patrol and critical infrastructure protection around the globe. Harnessing agility and a broad base of expertise, Textron Systems’ innovative businesses design, manufacture, field and support comprehensive solutions that expand customer capabilities and deliver value. Textron Systems consists of its Advanced Information Solutions, Electronic Systems, Geospatial Solutions, Lycoming Engines, Marine & Land Systems, Support Solutions, TRU Simulation + Training, Unmanned Systems and Weapon & Sensor Systems businesses. More information is available at www.textronsystems.com.
About UAS Denmark
UAS Denmark is the national industry network for UAS organizations, and the network now counts over 80 members. The membership list is diverse and represents the whole UAS value chain — from developers and larger corporations to the large Danish research institutions and user organizations.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.
Bell Helicopter Announces Sale of the First Bell 429 with Mecaer Interior to Russian Customer
Textron #News Release:
Bell Helicopter Announces Sale of the First Bell 429 with Mecaer Interior to Russian Customer
05/26/2015
Fort Worth, TX (May 26, 2015) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announces it has sold the first Bell 429 in Russia outfitted with the Bell 429 MAGnificent luxury cabin interior created by Italy-based Mecaer Aviation Group (MAG).
“We really wanted to give our customers a space that caters to their needs, and combine it with the Bell 429’s smooth, advanced performance,” said Patrick Moulay, vice president of global sales and marketing at Bell Helicopter. “Our customers in Russia are really responding to this aircraft with MAG’s luxurious cabin interior and we expect this sale is the first of many to come.
Customers can customize the cabin interior of the Bell 429 MAGnificent to a variety of seating configurations, and choose from a wide range of Italian fabrics, colors and optional equipment. MAG’s specialty custom interior incorporates two proprietary products, a passive noise abatement system called SILENS, and an In-Flight Entertainment Enhanced Lounge (I-FEEL), that provides a fully customized interactive touch screen based entertainment, communication and flight information management system.
“We are thrilled to provide the first Mecaer VVIP interior in Russia,” said Co-General Manager of Mecaer Aviation Group, Armando Sassoli. “We are proud to collaborate with Bell Helicopter on the Bell 429’s interior and look forward to supporting in service and delivery of the aircraft.”
The Bell 429 is one of the most advanced light twin helicopters ever developed, offering a fully integrated glass cockpit with advanced drive system and best-in-class WAAS navigation and IFR capability. Additional safety features include a collective mounted throttle, damage tolerant hub and rotor system, and energy attenuating seats. It is the first helicopter certified through the MSG-3 process, resulting in reduced maintenance costs for operation.
VIRGINIE BRIZARD
+1 817-280-3100
mediarelations@bh.com
Online Media Kit
Facebook | Twitter | YouTube
About Bell Helicopter
Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to changes in aircraft delivery schedules or cancellations or deferrals of orders; changes in government regulations or policies on the export and import of commercial products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; risks related to our international business, including relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business.
About Mecaer Aviation Group
With facilities across Italy, Canada and the United States, MAG offers Integrated Systems for Helicopters, General Aviation and Business Aircraft and Basic Trainers such as flight control, landing gear and actuation systems, as well as passenger flight experience enhancement solutions which include interiors design, development, manufacturing and certification, noise and vibration abatement, sound-proofing, entertainment and communication systems, completion and modification services, as well as MRO services. More information is available at www.mecaer.com
Bell Helicopter Announces Sale of the First Bell 429 with Mecaer Interior to Russian Customer
05/26/2015
Fort Worth, TX (May 26, 2015) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announces it has sold the first Bell 429 in Russia outfitted with the Bell 429 MAGnificent luxury cabin interior created by Italy-based Mecaer Aviation Group (MAG).
“We really wanted to give our customers a space that caters to their needs, and combine it with the Bell 429’s smooth, advanced performance,” said Patrick Moulay, vice president of global sales and marketing at Bell Helicopter. “Our customers in Russia are really responding to this aircraft with MAG’s luxurious cabin interior and we expect this sale is the first of many to come.
Customers can customize the cabin interior of the Bell 429 MAGnificent to a variety of seating configurations, and choose from a wide range of Italian fabrics, colors and optional equipment. MAG’s specialty custom interior incorporates two proprietary products, a passive noise abatement system called SILENS, and an In-Flight Entertainment Enhanced Lounge (I-FEEL), that provides a fully customized interactive touch screen based entertainment, communication and flight information management system.
“We are thrilled to provide the first Mecaer VVIP interior in Russia,” said Co-General Manager of Mecaer Aviation Group, Armando Sassoli. “We are proud to collaborate with Bell Helicopter on the Bell 429’s interior and look forward to supporting in service and delivery of the aircraft.”
The Bell 429 is one of the most advanced light twin helicopters ever developed, offering a fully integrated glass cockpit with advanced drive system and best-in-class WAAS navigation and IFR capability. Additional safety features include a collective mounted throttle, damage tolerant hub and rotor system, and energy attenuating seats. It is the first helicopter certified through the MSG-3 process, resulting in reduced maintenance costs for operation.
VIRGINIE BRIZARD
+1 817-280-3100
mediarelations@bh.com
Online Media Kit
Facebook | Twitter | YouTube
About Bell Helicopter
Bell Helicopter, a wholly owned subsidiary of Textron Inc., is an industry-leading producer of commercial and military, manned and unmanned vertical-lift aircraft and the pioneer of the revolutionary tiltrotor aircraft. Globally recognized for world-class customer service, innovation and superior quality, Bell's global workforce serves customers flying Bell aircraft in more than 120 countries.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information, visit www.textron.com.
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to changes in aircraft delivery schedules or cancellations or deferrals of orders; changes in government regulations or policies on the export and import of commercial products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; risks related to our international business, including relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business.
About Mecaer Aviation Group
With facilities across Italy, Canada and the United States, MAG offers Integrated Systems for Helicopters, General Aviation and Business Aircraft and Basic Trainers such as flight control, landing gear and actuation systems, as well as passenger flight experience enhancement solutions which include interiors design, development, manufacturing and certification, noise and vibration abatement, sound-proofing, entertainment and communication systems, completion and modification services, as well as MRO services. More information is available at www.mecaer.com
Greenlee® Communications Launches Professional Coax Cable Tool Kit
Textron #News Release:
Greenlee® Communications Launches Professional Coax Cable Tool Kit
05/26/2015
Greenlee® / A Textron Company (NYSE: TXT) is proud to introduce its newest additions to their coaxial maintenance kits, with the Professional Coax Cable Tool Kits (46602 and 46603) by Greenlee Communications. These two kits have been designed for the professional CATV cable installer to reproduce the exact same high-quality connections, every time.
There are two versions of the Professional Coax Cable Tool Kit, one equipped to cut short style RG59/6 “F” connectors (46602), and another for long style RG59/6 “F” connectors (46603). Each kit is equipped to cut, strip, terminate, and tighten coax connectors based on highly engineered specifications. They both contain 8 inch diagonal cutting pliers with laser-hardened edges and chrome-vanadium steel construction for strength, durability, and optimum cutting performance. It’s also equipped with the lightweight RG 59/6/6Q-7/11 Coaxial Cable Strippers that provide depth stop, allowing you to easily replicate exact cutbacks and a Velcro pad to pull back insulators without risk of injury. The 6-in-1 multi-tool driver can also be found included in each kit offering a multi-bit screwdriver, along with a LED water resistant penlight. In addition, the combo ratcheting closed and open ended 7/16" torque wrench is provided, engineered to tighten connectors up to 30 in-lb, all fitted to the custom grip pack with quick release belt clip.
The professional Coax Cable Tool Kit offers the convenience of having these six essential tools that are needed for coaxial installation, maintenance, and repair. Kits are available now for shorter (PA7602) or longer (PA7603) style “F” connectors offering a unique grip pack with tools to get the job done right.
Greenlee Communications
The Greenlee Communications brand offers a complete line of innovative and industry-leading test and measurement solutions for the communication service provider industry. Our expertise and innovative solutions address all stages of network deployment enabling the development, installation and maintenance of xDSL, fiber, cable and wireless networks. It is a leading brand of test and measurement solutions in the global communications industry with a long track record of delivering high quality innovative solutions enabling technicians to achieve their goals in a timely manner and with confidence.
Greenlee Textron Inc.
Greenlee Textron Inc. is known as a global leader in the professional tool category. The Rockford, Illinois-based company develops high quality innovative products distinguished by customer-driven design and differentiated by supply chain excellence. It also leverages its powerful brands such as Greenlee Communications and Greenlee Utility in the electrical, construction and maintenance markets worldwide. More information is available at www.greenlee.com.
Textron Inc.
Textron Inc, is a multi-industry company that leverages its global network of aircraft, defense industry, and finance businesses to provide customers with innovative solutions and services. Textron is known around the work for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information visit: www.textron.com.
Greenlee® Communications Launches Professional Coax Cable Tool Kit
05/26/2015
Greenlee® / A Textron Company (NYSE: TXT) is proud to introduce its newest additions to their coaxial maintenance kits, with the Professional Coax Cable Tool Kits (46602 and 46603) by Greenlee Communications. These two kits have been designed for the professional CATV cable installer to reproduce the exact same high-quality connections, every time.
There are two versions of the Professional Coax Cable Tool Kit, one equipped to cut short style RG59/6 “F” connectors (46602), and another for long style RG59/6 “F” connectors (46603). Each kit is equipped to cut, strip, terminate, and tighten coax connectors based on highly engineered specifications. They both contain 8 inch diagonal cutting pliers with laser-hardened edges and chrome-vanadium steel construction for strength, durability, and optimum cutting performance. It’s also equipped with the lightweight RG 59/6/6Q-7/11 Coaxial Cable Strippers that provide depth stop, allowing you to easily replicate exact cutbacks and a Velcro pad to pull back insulators without risk of injury. The 6-in-1 multi-tool driver can also be found included in each kit offering a multi-bit screwdriver, along with a LED water resistant penlight. In addition, the combo ratcheting closed and open ended 7/16" torque wrench is provided, engineered to tighten connectors up to 30 in-lb, all fitted to the custom grip pack with quick release belt clip.
The professional Coax Cable Tool Kit offers the convenience of having these six essential tools that are needed for coaxial installation, maintenance, and repair. Kits are available now for shorter (PA7602) or longer (PA7603) style “F” connectors offering a unique grip pack with tools to get the job done right.
Greenlee Communications
The Greenlee Communications brand offers a complete line of innovative and industry-leading test and measurement solutions for the communication service provider industry. Our expertise and innovative solutions address all stages of network deployment enabling the development, installation and maintenance of xDSL, fiber, cable and wireless networks. It is a leading brand of test and measurement solutions in the global communications industry with a long track record of delivering high quality innovative solutions enabling technicians to achieve their goals in a timely manner and with confidence.
Greenlee Textron Inc.
Greenlee Textron Inc. is known as a global leader in the professional tool category. The Rockford, Illinois-based company develops high quality innovative products distinguished by customer-driven design and differentiated by supply chain excellence. It also leverages its powerful brands such as Greenlee Communications and Greenlee Utility in the electrical, construction and maintenance markets worldwide. More information is available at www.greenlee.com.
Textron Inc.
Textron Inc, is a multi-industry company that leverages its global network of aircraft, defense industry, and finance businesses to provide customers with innovative solutions and services. Textron is known around the work for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information visit: www.textron.com.
Bell Helicopter and JSC Ural Works of Civil Aviation collaborate to create 407GXP assembly capabilities in Russia
Textron #News Release:
Bell Helicopter and JSC Ural Works of Civil Aviation collaborate to create 407GXP assembly capabilities in Russia
05/26/2015
MOSCOW, Russia (May 26, 2015) – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, announced today an agreement with JSC Ural Works of Civil Aviation (UWCA) for the development of final assembly capabilities by UWCA for the Bell 407GXP in order to support UWCA in obtaining Russian registry to facilitate their operations. Under the agreement UWCA agrees to purchase several Bell 407 GXP helicopters. The Bell 407GXP helicopters are planned to be delivered to UWCA by the end of 2015 from Bell and final assembled at the UWCA facility in Yekaterinburg.
“As one of the largest aircraft repair companies in the market, we are very excited about this relationship with Bell Helicopter,” said Artur Schtankov, chairman, UWCA. “We believe the Bell 407GXP’s performance and operating cost makes it the right helicopter for the Russian market.”
“We believe there is a strong demand for the Bell 407GXP and we are delighted to establish a strong local presence in Russia,” said Patrick Moulay, vice president of global sales and marketing at Bell Helicopter. “This is a key milestone for Bell Helicopter that we expect will lead to further opportunities within the Russian market. We are committed to continue supporting the success of our Russian business partners as we strongly believe in the long term potential of the market.”
The new Bell 407GXP aircraft, introduced earlier this year, incorporates the reliability and advanced technology of the Bell 407GX platform, and introduces performance improvement, payload increase and pilot workload reduction. Derived from the Bell 407GX platform, the Bell 407GXP has an additional 50 lbs (22.5 kg) of payload capability, coupled with the new M250 Rolls-Royce engine that improves performance and fuel efficiency delivering class leading hot and high performance. The aircraft is also equipped with new avionics features such as a hover performance calculator improvement, as well as a transmission TBO extension of +500 hours that will lower maintenance costs.
“As one of the largest aircraft repair companies in the market, we are very excited about this relationship with Bell Helicopter,” said Artur Schtankov, chairman, UWCA. “We believe the Bell 407GXP’s performance and operating cost makes it the right helicopter for the Russian market.”
“We believe there is a strong demand for the Bell 407GXP and we are delighted to establish a strong local presence in Russia,” said Patrick Moulay, vice president of global sales and marketing at Bell Helicopter. “This is a key milestone for Bell Helicopter that we expect will lead to further opportunities within the Russian market. We are committed to continue supporting the success of our Russian business partners as we strongly believe in the long term potential of the market.”
The new Bell 407GXP aircraft, introduced earlier this year, incorporates the reliability and advanced technology of the Bell 407GX platform, and introduces performance improvement, payload increase and pilot workload reduction. Derived from the Bell 407GX platform, the Bell 407GXP has an additional 50 lbs (22.5 kg) of payload capability, coupled with the new M250 Rolls-Royce engine that improves performance and fuel efficiency delivering class leading hot and high performance. The aircraft is also equipped with new avionics features such as a hover performance calculator improvement, as well as a transmission TBO extension of +500 hours that will lower maintenance costs.
TI Vice President Dave Pahl to speak at Bank of America Merrill Lynch investor conference
Texas Instruments #News Release:
TI Vice President Dave Pahl to speak at Bank of America Merrill Lynch investor conference
Live webcast at www.ti.com/ir
June 2, 2015, 10 a.m. Pacific time
DALLAS, May 29, 2015 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) Vice President Dave Pahl will speak at the Bank of America Merrill Lynch 2015 Global Technology Conference in San Francisco on Tuesday, June 2, at 10 a.m. Pacific time. Pahl will discuss TI's business model based on analog and embedded processing technologies, elements of its capital management strategy and its business outlook.
The audio webcast for the conference can be accessed live through the Investor Relations section (http://www.ti.com/ir) of TI's website. An archived replay will be available on the website after his remarks.
About Texas Instruments
Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today. Learn more at www.ti.com.
TXN-F
TI Vice President Dave Pahl to speak at Bank of America Merrill Lynch investor conference
Live webcast at www.ti.com/ir
June 2, 2015, 10 a.m. Pacific time
DALLAS, May 29, 2015 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) Vice President Dave Pahl will speak at the Bank of America Merrill Lynch 2015 Global Technology Conference in San Francisco on Tuesday, June 2, at 10 a.m. Pacific time. Pahl will discuss TI's business model based on analog and embedded processing technologies, elements of its capital management strategy and its business outlook.
The audio webcast for the conference can be accessed live through the Investor Relations section (http://www.ti.com/ir) of TI's website. An archived replay will be available on the website after his remarks.
About Texas Instruments
Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today. Learn more at www.ti.com.
TXN-F
Anheuser-Busch Halts Beer Production to Provide Water for Texas, Oklahoma Storm Victims - NBC News
Beer giant Anheuser-Busch stopped production at its Georgia brewery this week to instead produce drinking water for those affected by a deadly bout of historic flooding and storms in Texas and Oklahoma.
Anheuser-Busch said it had stopped beer production at its Cartersville brewery in Georgia late Wednesday night to produce 50,000 cans of water for the American Red Cross.
Anheuser-Busch Halts Beer Production to Provide Water for Texas, Oklahoma Storm Victims - NBC News
Tech Data Corporation to Acquire Signature Technology Group, Inc.
Tech Data #News Release:
May 27, 2015
Tech Data Corporation to Acquire Signature Technology Group, Inc.
Strengthens Solution Providers' Service and Support Capabilities Through Company's Advanced Infrastructure Solutions Division
CLEARWATER, Fla., May 27, 2015 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD) today announced it has entered into an agreement to acquire certain assets of Signature Technology Group, Inc. ("STG"), a leading provider of data center and professional services throughout North America. STG's services will be offered through Tech Data's Advanced Infrastructure Solutions (AIS) division, the company's data center business in the Americas. The transaction is expected to close in early June 2015.
"We are proud to welcome STG and its employees to the Tech Data family," said Joe Quaglia, president, the Americas at Tech Data. "The addition of STG strengthens our data center offering, further diversifies our services portfolio, and—most importantly—provides added value for our customers. STG has trusted relationships with some of Tech Data's most strategic channel partners and their commitment to superior customer service and focused execution is aligned with our own. We look forward to the many opportunities ahead for our combined team."
STG's data center services enable solution providers across all verticals to maximize their clients' technology investments, strategically improve service levels, reduce risk, and contain costs. STG offers partner-led IT professional services that deploy technology physically and virtually, cloud assessments and migrations, and technical staffing to ensure that IT departments have skilled resources and coverage. The STG team holds certifications across 23 original equipment manufacturers (OEMs) and its technicians, deployed in customers' IT environments, support over 300,000 devices throughout North America.
"IDC has predicted that over the next two years, more than 60% of companies will stop managing their IT infrastructure and rely on qualified service partners to boost efficiency and provide value," said Chuck Bartlett, senior vice president, AIS at Tech Data. "STG will complement our AIS offering, giving our solution providers an extension of their business and service levels for their end users. Their specialized, expert skillset in the data center will help provide enhanced support for our field organization, better equipping our solution providers to effectively serve complex data center environments."
Founded in Phoenix, Ariz. in 1990, STG was named to the Inc. 5000 Fastest Growing Private Companies List in 2014, the CRN Fast Growth 150 in 2013, and the CRN Fast Growth 100 in 2012.
"STG's commitment to providing legendary service, as well as our shared values of integrity, innovation, collaboration, and responsibility, align perfectly with Tech Data's commitment to its channel partners, employees, and communities," said Charles Layne, president and chief executive officer at STG. "The data center is a strategic priority for Tech Data, and we are excited to join one of the world's largest, most respected IT distributors and continue to grow together."
Layne, along with the entire STG team, will join Tech Data. Layne will assume the role of president, Signature Technology Group at Tech Data and report directly to Bartlett in the company's AIS division.
Cautionary Statement
The matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. Certain of these risks are set forth in the company's periodic filings with the Securities and Exchange Commission, including the company's most recent Form 10-K and Form 10-Q, copies of which can be obtained at the company's Investor Relations website at www.techdata.com.
About Tech Data
Tech Data Corporation is one of the world's largest wholesale distributors of technology products, services and solutions. Its advanced logistics capabilities and value added services enable 115,000 resellers to efficiently and cost effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $27.7 billion in net sales for the fiscal year ended January 31, 2015. It is ranked No. 111 on the Fortune 500® and one of Fortune's "World's Most Admired Companies." To learn more, visit www.techdata.com, or follow us on Facebook and Twitter.
May 27, 2015
Tech Data Corporation to Acquire Signature Technology Group, Inc.
Strengthens Solution Providers' Service and Support Capabilities Through Company's Advanced Infrastructure Solutions Division
CLEARWATER, Fla., May 27, 2015 (GLOBE NEWSWIRE) -- Tech Data Corporation (Nasdaq:TECD) today announced it has entered into an agreement to acquire certain assets of Signature Technology Group, Inc. ("STG"), a leading provider of data center and professional services throughout North America. STG's services will be offered through Tech Data's Advanced Infrastructure Solutions (AIS) division, the company's data center business in the Americas. The transaction is expected to close in early June 2015.
"We are proud to welcome STG and its employees to the Tech Data family," said Joe Quaglia, president, the Americas at Tech Data. "The addition of STG strengthens our data center offering, further diversifies our services portfolio, and—most importantly—provides added value for our customers. STG has trusted relationships with some of Tech Data's most strategic channel partners and their commitment to superior customer service and focused execution is aligned with our own. We look forward to the many opportunities ahead for our combined team."
STG's data center services enable solution providers across all verticals to maximize their clients' technology investments, strategically improve service levels, reduce risk, and contain costs. STG offers partner-led IT professional services that deploy technology physically and virtually, cloud assessments and migrations, and technical staffing to ensure that IT departments have skilled resources and coverage. The STG team holds certifications across 23 original equipment manufacturers (OEMs) and its technicians, deployed in customers' IT environments, support over 300,000 devices throughout North America.
"IDC has predicted that over the next two years, more than 60% of companies will stop managing their IT infrastructure and rely on qualified service partners to boost efficiency and provide value," said Chuck Bartlett, senior vice president, AIS at Tech Data. "STG will complement our AIS offering, giving our solution providers an extension of their business and service levels for their end users. Their specialized, expert skillset in the data center will help provide enhanced support for our field organization, better equipping our solution providers to effectively serve complex data center environments."
Founded in Phoenix, Ariz. in 1990, STG was named to the Inc. 5000 Fastest Growing Private Companies List in 2014, the CRN Fast Growth 150 in 2013, and the CRN Fast Growth 100 in 2012.
"STG's commitment to providing legendary service, as well as our shared values of integrity, innovation, collaboration, and responsibility, align perfectly with Tech Data's commitment to its channel partners, employees, and communities," said Charles Layne, president and chief executive officer at STG. "The data center is a strategic priority for Tech Data, and we are excited to join one of the world's largest, most respected IT distributors and continue to grow together."
Layne, along with the entire STG team, will join Tech Data. Layne will assume the role of president, Signature Technology Group at Tech Data and report directly to Bartlett in the company's AIS division.
Cautionary Statement
The matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. Certain of these risks are set forth in the company's periodic filings with the Securities and Exchange Commission, including the company's most recent Form 10-K and Form 10-Q, copies of which can be obtained at the company's Investor Relations website at www.techdata.com.
About Tech Data
Tech Data Corporation is one of the world's largest wholesale distributors of technology products, services and solutions. Its advanced logistics capabilities and value added services enable 115,000 resellers to efficiently and cost effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $27.7 billion in net sales for the fiscal year ended January 31, 2015. It is ranked No. 111 on the Fortune 500® and one of Fortune's "World's Most Admired Companies." To learn more, visit www.techdata.com, or follow us on Facebook and Twitter.
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