SEB Acquires Paradigm Consulting Group Inc. and PCGI Consulting Services Partnership Expands SEB s Presence in Western Canada
|
|
- Kelley Flynn
- 8 years ago
- Views:
Transcription
1 SEB Acquires Paradigm Consulting Group Inc. and PCGI Consulting Services Partnership Expands SEB s Presence in Western Canada January 29, 2015 TORONTO, ON: Smart Employee Benefits Inc. ("SEB") (TSX VENTURE: SEB) is pleased to announce that its indirect wholly owned subsidiary, Saskatchewan Ltd., has acquired all of the issued and outstanding shares of Paradigm Consulting Group Inc. and all of the issued and outstanding units, directly and indirectly, of PCGI Consulting Services Partnership (collectively referred to as Paradigm ). The transaction closed in escrow with an effective date of December 31, 2014 subject to TSX Venture Exchange approval, which approval has now been obtained, and the advance of funds from SEB s financier, which funds will be advanced immediately upon the completion of the amalgamation described below. Paradigm is a very strategic acquisition for SEB, bringing significant government and corporate client relationships along with technical skills and expertise, which allow SEB to compete more effectively in Western Canada, particularly in the areas of healthcare and benefits administration and adjudication. SEB has made significant progress in developing a presence in Western Canada and Paradigm consolidates SEB s strength, providing local presence and delivery capability to service and manage important client relationships in this marketplace. TRANSACTION TERMS: The purchase price of Paradigm is up to $15,793,436, consisting of firm consideration of $13,427,864 and additional consideration of up to $2,365,572 if certain performance targets are achieved. The firm consideration consists of the following: 1) Cash of $9,288,112 (including $1,600,000 of a working capital balance sheet adjustment). 2) Vendor notes in the aggregate principal amount of $1,182,786, with interest accruing at an annual rate of 3% payable quarterly in arrears with one third of the outstanding principal payable at the end of year two and the balance payable at the end of year three. The notes are convertible into SEB shares at $0.50 per share. 3) 5,913,877 SEB shares with a deemed value of $2,956,966. The shares are subject to a 36- month contractual escrow, with one-sixth of the shares being released every six months over the 36 months following the closing of the transaction. In addition, 1,000,000 share purchase warrants were issued to Paradigm employees as a retention incentive, of which 12,500 warrants were issued to Paradigm s President and 20,000 warrants were issued to Paradigm s Vice President of Finance. The majority of Paradigm employees received an allocation of warrants. All warrants have a 48-month term and an exercise price of $0.50 per share. The warrants vest one-sixth every six months over a 36 month period following the closing of the transaction. The additional consideration, payable in cash, consists of up to: 1) $1,774,179 to be paid at the end of year three following closing, subject to meeting a cumulative EBITDA of $8,870,898. 2) $591,393 to be paid at the end of year four following closing, subject to meeting a cumulative EBITDA of $11,827,864. If the cumulative EBITDA targets are reached prior to the three year and four year benchmarks, respectively, the additional consideration will be paid earlier. In addition, Paradigm employees will be entitled to participate in two annual bonus pools:
2 1) All employees of Paradigm will be entitled to participate in a bonus pool, with the aggregate pool amount calculated as the amount exceeding a benchmark of $2,956,966 EBITDA for Paradigm in each year over a 4 year period from the closing at a rate of 20% of such excess. 2) Senior management of Paradigm shall be entitled to participate in a bonus pool calculated as 5% of the EBITDA of Paradigm. Due to the fact that the Paradigm acquisition involves the purchase of shares as well as the purchase of partnership units, both directly and indirectly through holding companies of certain of the vendors, various companies will be amalgamated to simplify the corporate structure such that the business acquired will reside in a single company going forward. The purchaser company, Saskatchewan Ltd., will amalgamate with Paradigm Consulting Group Inc., Manitoba Ltd. (after its continuance into Saskatchewan), Craven Farms Ltd. (after its continuance into Saskatchewan), Manitoba Inc. (after its continuance into Saskatchewan) and Saskatchewan Ltd. The name of the amalgamated company will be Paradigm Consulting Group Inc.; and all of the issued and outstanding shares of this company will be owned by Somos Consulting Group Ltd., a wholly owned subsidiary of SEB. In a subsequent press release, SEB will announce the completion of the continuances and amalgamation, which is expected within the next seven days. At that time, the Paradigm transaction documents will be released from escrow and the purchase price proceeds will be paid to the vendors. MANAGEMENT COMMENTS: John McKimm, President/CEO/CIO of SEB states "Paradigm s experience and enviable references add to our growing Canadian presence, particularly in Saskatchewan and Manitoba, both long time innovators of healthcare services. This acquisition is in line with our focus on deepening client relationships in government and healthcare in Western Canada. Paradigm brings both important client relationships and technology expertise that add to SEB s suite of solutions and services, enhancing SEB s technology offerings and significantly increasing SEB s delivery capability to corporate and government sectors in Western Canada. SEB has substantial client opportunities in Western Canada for its technology solutions and the Paradigm acquisition is expected to significantly increase the success of these opportunities. Paradigm s executive management and employees are very experienced and highly regarded in the marketplace. The acquisition of Paradigm is expected to increase consolidated SEB revenues to over $60.0 million annually, and contribute substantially to the overall profitability of the SEB Group. Paradigm has annual revenue of approximately $24 million and a track record of substantial profitability. Mr. McKimm continues, Healthcare systems and software for benefits management have not kept up with the evolution of technology in other industries. SEB s focus has been on utilizing our technology expertise and knowledge, in managing and transacting data in other industry sectors, to create high value-added end-to-end software solutions and services which provide healthcare and benefits clients with more cost-effective and flexible technology solutions, enhanced automation, reduced error rates and allow the real-time detailed reporting required to make informed business decisions. Paradigm enhances SEB s delivery and support of these solutions in the marketplace, particularly in Western Canada where SEB has a number of substantial client opportunities pending. Mark Hustak, President/CEO of Paradigm states Having grown unique specialties in healthcare IT and managing and transacting big data, SEB has the ability to significantly deepen our expertise in our current markets and beyond. With SEB, we are poised for delivery of high value-add solutions that satisfy customers most relevant needs in the growing demand for immediate Business Intelligence around Big Data. He continues, Paradigm has been evaluating its options during the last year to expedite our growth prospects. Over the past 23 years, Paradigm has provided management consulting, change management, and application and IT services to corporate and
3 government clients. Paradigm has over 150 billable consultants, mostly employees, who service a legacy client base where the top 10 clients have an average engagement history of over 12 years. Paradigm has unique specialty practices and strong client relationships in healthcare, government, technology integrators, insurance and utilities. The SEB Group gives Paradigm the opportunity to incorporate advanced software and solutions into its sales mix. These solutions will have significant value for the majority of Paradigm s client base. SEB has made significant progress in establishing a footprint in Western Canada and Paradigm gives SEB the local presence and delivery capability to expedite and expand this footprint. The combination of Paradigm and SEB significantly enhances the opportunity for both companies to become a major competitor in Western Canada in providing technology to clients, particularly solutions for healthcare and benefits and claims management. PARADIGM S STRATEGIC FIT WITH SEB: Healthcare: Paradigm has provided IT services and ongoing support on numerous healthcare projects including electronic medical records, payor/provider registration, system integration expertise, insurance applications, acquisition integration projects and has key vendor relationships with numerous government and corporate clients in this sector. Clients include ehealth organizations, Ministries of Health, and Regional Health Authorities to mention a few. Public Sector: Paradigm maintains long term vendor relationships within multiple areas of government and government organizations, including crown corporations. A number of these organizations are excellent opportunities for implementation of SEB technology solutions. Major projects have been completed for provincial government ministries, provincial crown corporations and the Government of Canada. The specific areas include: driver and vehicle licencing and insurance, justice, social services, education, agriculture, energy and resources, liquor retail and licencing, gaming, and land titles. Insurance: Paradigm has been involved in multiple technology projects in the insurance industry and has extensive ongoing client relationships. A full range of services was provided and major projects have been completed for national and international insurance companies and financial services companies headquartered in Manitoba and Saskatchewan. The specific business areas include: group health insurance, individual life insurance, casualty insurance, crop insurance, vehicle insurance, and investment portfolio management. SEB technology solutions and expertise have significant value-add for automating numerous insurer business processes. Technology Expertise: Paradigm has key specialty skill sets and experience which are critical to managing the systems integration required to connect legacy data systems to new technology solutions while allowing seamless connectivity between the two environments. Most healthcare and benefits administration processes require this connectivity and systems integration expertise. Client References: Paradigm has numerous client references which carry substantial weight in responding to RFPs in both the government and corporate sectors. References are a critical ingredient of meeting RFP mandatory requirements, as well as an indicator of successful projects. Delivery and Support: Paradigm provides local expertise and delivery capabilities along with ongoing support infrastructure to manage existing and future SEB client relationships in Western Canada. This is particularly critical with client outsourcing projects and fits well with SEB s SaaS (software as a service) business model. ABOUT PARADIGM: Paradigm has a 24-year history of providing management and information technology consulting services to healthcare, insurance, financial services, public sector, telecom and energy clients. With over 150 billable consultants, primarily employee based, Paradigm is a market leader for delivering management consulting, portfolio/program/project management and application technology services to an enterprise level client base. Paradigm has a very deep portfolio of IP for its key client verticals which enables accelerated delivery of projects and maintains long term client relationships. Paradigm s staff has very strong accreditations in numerous technology
4 disciplines which differentiate them in the marketplace. The majority of Paradigm s employees were shareholders in the former company. The senior management team of six has over 180 years of combined industry expertise. ABOUT SEB: SEB s core expertise is managing specialized Big Data environments, of which healthcare is a major focus. SEB is a technology company providing, via a SaaS business model, software, solutions and services specializing in managing group benefit solutions and healthcare claims processing environments for corporate and government clients. Health Claims Processing alone is a $60.0 plus billion industry, of which over $37.0 billion is employee group benefit plans and over $27.0 billion of other healthcare benefit claims (e. g. workers compensation claims, travel benefits, various federal and provincial government programs, dental associations, drug associations, etc.). In the employee group benefits industry, SEB operates as a Third Party Administrator/Third Party Payor and Insurance Brokerage utilizing its software platform to provide totally hosted PCI compliant supply chain solutions for managing the complete group benefits business processes between insurers, clients, brokers, consultants, technology service providers and healthcare service providers. In healthcare claims processing, SEB also operates as a systems integrator utilizing its technology platform together with other technologies to provide customized, fully integrated solutions for specialized environments (e.g. travel claims, student benefits, hospitals, unique government applications, etc.). The technology and expertise deployed in this area also allows SEB to provide other related supply chain, systems integration and human resource solutions and services to the same clients. Forward-Looking Statements: This news release is intended for information purposes only. Statements made in this news release may contain "forward looking" information about the company's future business prospects. These statements while expressed in good faith and believed to have a reasonable basis are subject to risk and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward looking statements. Investors should consult a professional advisor before making any investment decision. For further information about SEB, please visit MEDIA AND INVESTOR CONTACTS: Smart Employee Benefits Inc. John McKimm President/Chief Executive Officer (416) john.mckimm@seb-inc.com Shelly Frank Vice-President, Marketing (888) x 358 shelly.frank@seb-inc.com First Canadian Capital Corp. Dan Boase or dboase@firstcanadiancapital.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
5
FIRESWIRL TECHNOLOGIES INC.
FIRESWIRL TECHNOLOGIES INC. Management Discussion and Analysis of the Financial Condition and Results of Operation, for the three months ended March 31, 2007 and 2006. 1 MANAGEMENT DISCUSSION AND ANALYSIS
More informationElement Reports $0.32 per share of Free Operating Cash Flow and Initiates Quarterly Dividend of $0.025 per share
News Release For Immediate Release Element Reports 0.32 per share of Free Operating Cash Flow and Initiates Quarterly Dividend of 0.025 per share U.S. portion of GE Fleet transaction closed August 31 st
More informationYour custodian of choice.
Your custodian of choice. Empowering the growth of your firm Correspondent Partners We understand the business of managing wealth. And we understand that each business your business is unique. We respect
More informationSymbility Solutions Inc. Interim Condensed Consolidated Financial Statements (Unaudited) Quarter ended June 30, 2015
Interim Condensed Consolidated Financial Statements (Unaudited) Quarter ended Interim Consolidated Statements of Financial Position (Unaudited - In thousands of Canadian dollars) 2015 As at December 31,
More informationNEWMARKET GOLD INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS. For the Three and Six Months Ended June 30, 2015 and 2014
NEWMARKET GOLD INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (Expressed in Canadian Dollars - Unaudited) NOTICE OF NO AUDITOR REVIEW Under National Instrument 51-102, Part 4, subsection 4.3(3)
More informationWESTFIELD REAL ESTATE INVESTMENT TRUST
Unaudited Financial Statements of WESTFIELD REAL ESTATE INVESTMENT TRUST Period from January 1, 2005 to March 31, 2005 BALANCE SHEET Assets March 31 2005 (unaudited) December 31 2004 (audited) Income-producing
More informationeqube Gaming Limited Management Discussion and Analysis For the Three and Nine Month Periods Ended November 30, 2015
FORM 51-102F1 1. Introduction The following management s discussion and analysis ( MD&A ) for eqube Gaming Limited (the Company ) should be read in conjunction with the Company s unaudited condensed interim
More informationBROOKFIELD RENEWABLE ANNOUNCES 7% DISTRIBUTION INCREASE AND FOURTH QUARTER RESULTS Distribution increased from $1.66 to $1.
PRESS RELEASE BROOKFIELD RENEWABLE ANNOUNCES 7% DISTRIBUTION INCREASE AND FOURTH QUARTER RESULTS Distribution increased from $1.66 to $1.78 per share BROOKFIELD, News, February 4, 2016 Brookfield Renewable
More informationAcuityAds Inc. Condensed Consolidated Interim Financial Statements. Three months ended March 31, 2014 and 2013 (Unaudited)
AcuityAds Inc. Condensed Consolidated Interim Financial Statements Condensed Consolidated Interim Statements of Financial Position March 31, December 31, 2014 2013 Assets Current assets: Cash $ 446,034
More informationRecognized Leader in Human Capital Management. Paul Lacy President Mark Julien Chief Financial Officer 1
Recognized Leader in Human Capital Management Paul Lacy President Mark Julien Chief Financial Officer 1 Safe Harbor Statement This presentation may contain forward-looking statements that involve a number
More informationB U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference
B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P BMO 2013 Technology and Digital Media Conference Forward-Looking Statements This presentation contains certain statements that
More informationHow To Buy Chubb For $28.3 Billion In Cash And Stock
ACE TO ACQUIRE CHUBB FOR $28.3 BILLION IN CASH AND STOCK Complementary Businesses and Skills Will Create Global P&C Industry Leader with Superior Product, Customer and Distribution Channel Capabilities
More informationOracle Buys Taleo Adds Leading Talent Management Cloud Offering to the Oracle Public Cloud
D R A F T Oracle Buys Taleo Adds Leading Talent Management Cloud Offering to the Oracle Public Cloud April 5, 2012 Oracle is currently reviewing the existing Taleo product roadmap
More informationPetro River Oil Corp. Reports Second Quarter 2015 Financials. Net Income of $6,293,845 ($0.74 per share)
Petro River Oil Corp. Reports Second Quarter 2015 Financials Net Income of $6,293,845 ($0.74 per share) NEW YORK, NY, December 16, 2015 Petro River Oil Corp. (OTCBB: PTRCD) ( Petro River or the "Company"),
More informationSymbility Solutions Inc. Interim Condensed Consolidated Financial Statements (Unaudited) Quarter ended March 31, 2016
Interim Condensed Consolidated Financial Statements (Unaudited) Quarter ended Interim Consolidated Statements of Financial Position (Unaudited - In thousands of Canadian dollars) As at Note March 31, 2016
More informationYour custodian of choice
Your custodian of choice Empowering the growth of your firm Correspondent Partners We understand the business of managing wealth. And we understand that each business your business is unique. We respect
More informationSPHERE 3D ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH OVERLAND STORAGE SPHERE 3D ANNOUNCES $10.0 MILLION BOUGHT DEAL FINANCING
SPHERE 3D ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH OVERLAND STORAGE SPHERE 3D ANNOUNCES $10.0 MILLION BOUGHT DEAL FINANCING Not for distribution in the United States or through United States wire services
More informationGREENLIGHT RE ANNOUNCES FIRST QUARTER 2015 FINANCIAL RESULTS
GREENLIGHT RE ANNOUNCES FIRST QUARTER 2015 FINANCIAL RESULTS GRAND CAYMAN, Cayman Islands - May 4, 2015 - Greenlight Capital Re, Ltd. (NASDAQ: GLRE) today announced financial results for the first quarter
More informationVALIDUS ANNOUNCES 2015 FULL YEAR NET INCOME OF $374.9 MILLION 2015 NET OPERATING RETURN ON AVERAGE EQUITY OF 11.3%
VALIDUS ANNOUNCES 2015 FULL YEAR NET INCOME OF $374.9 MILLION 2015 NET OPERATING RETURN ON AVERAGE EQUITY OF 11.3% BOOK VALUE PER DILUTED COMMON SHARE OF $42.33 AT DECEMBER 31, 2015 Pembroke, Bermuda,
More informationSIGA AND OPEN RANGE ENTER INTO LETTER OF INTENT FOR QUALIFYING TRANSACTION OF OPEN RANGE
OPEN RANGE CAPITAL CORP. SIGA RESOURCES LIMITED FOR IMMEDIATE RELEASE SIGA AND OPEN RANGE ENTER INTO LETTER OF INTENT FOR QUALIFYING TRANSACTION OF OPEN RANGE Calgary, Alberta, December 16, 2005 SIGA Resources
More informationSierra Wireless Corporate Overview. February 2015
Sierra Wireless Corporate Overview February 2015 1 Safe harbor statement Certain statements and information in this presentation are not based on historical facts and constitute forward-looking statements
More informationAutomated Benefits Corp. Management s Discussion and Analysis August 13, 2012
Automated Benefits Corp. Management s Discussion and Analysis August 13, 2012 The following Management s Discussion and Analysis ( MD&A ) of the Corporation should be read in conjunction with the interim
More informationROYAL BANK OF CANADA TO ACQUIRE CITY NATIONAL CORPORATION CONFERENCE CALL THURSDAY, JANUARY 22, 2015
ROYAL BANK OF CANADA TO ACQUIRE CITY NATIONAL CORPORATION CONFERENCE CALL THURSDAY, JANUARY 22, 2015 DISCLAIMER THE FOLLOWING SPEAKERS NOTES, IN ADDITION TO THE WEBCAST AND THE ACCOMPANYING PRESENTATION
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
thescore, Inc. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS For the Three and Six Months Ended February 28, 2015 The following is Management's Discussion and Analysis
More informationTenet, United Surgical Partners International and Welsh Carson to Create the Nation s Largest Ambulatory Surgery Platform
NEWS RELEASE Tenet, United Surgical Partners International and Welsh Carson to Create the Nation s Largest Ambulatory Surgery Platform Tenet and USPI to Combine Their Ambulatory Surgery and Imaging Centers
More informationCATAMARAN CORPORATION ANNOUNCES RECORD FINANCIAL RESULTS FOR 2014 CATAMARAN TO ACQUIRE HEALTHCARE SOLUTIONS, INC.
CATAMARAN CORPORATION ANNOUNCES RECORD FINANCIAL RESULTS FOR 2014 CATAMARAN TO ACQUIRE HEALTHCARE SOLUTIONS, INC. Schaumburg, Illinois, February 26, 2015 - Catamaran Corporation ( Catamaran or the Company
More informationAPX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS
APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS First Quarter 2015 Financial and Portfolio Highlights APX Group Reports Total Revenue of $149.9 Million, up 14.9% Year over Year Adjusted EBITDA
More informationDUNDEE WEALTH MANAGEMENT INC. REPORTS FINANCIAL RESULTS FOR 2002
REPORTS FINANCIAL RESULTS FOR 2002 April 9, 2003, Toronto, Ontario - Dundee Wealth Management Inc. (DW TSX) Dundee Wealth is pleased to report its results to shareholders for the three months and the year
More informationRCS Capital to acquire J.P. Turner & Company L.L.C. and J.P. Turner & Company Capital Management, LLC. January 17, 2014
RCS Capital to acquire J.P. Turner & Company L.L.C. and J.P. Turner & Company Capital Management, LLC January 17, 2014 1 Cautionary Note Regarding Forward-Looking Statements Information set forth herein
More informationManagement s Discussion and Analysis of
Management s Discussion and Analysis of UNIQUE BROADBAND SYSTEMS, INC Second Quarter, 2005 Three months and six months ended February 28, 2005 UNIQUE BROADBAND SYSTEMS, INC. MANAGEMENT S DISCUSSION AND
More informationNOT FOR DISSEMINATION TO US NEWS WIRE SERVICES OR DISSEMINATION INTO THE UNITED STATES. FOR IMMEDIATE RELEASE
NOT FOR DISSEMINATION TO US NEWS WIRE SERVICES OR DISSEMINATION INTO THE UNITED STATES. FOR IMMEDIATE RELEASE TREAT SYSTEMS (MEGA SILVER INC.) ANNOUNCES ACQUISITION OF OPTIONS TO EARN INTERESTS IN MEXICAN
More informationNEXTRACTION ENERGY CORP. (Formerly Kruger Capital Corp.)
MANAGEMENT S DISCUSSION AND ANALYSIS of NEXTRACTION ENERGY CORP. (Formerly Kruger Capital Corp.) For the year ended December 31, 2008 NEXTRACTION ENERGY CORP. (Formerly Kruger Capital Corp.) Management
More informationNIGHTINGALE REPORTS FISCAL 2014 RESULTS
NIGHTINGALE REPORTS FISCAL 2014 RESULTS Markham, ON, July 31, 2014 Nightingale Informatix Corporation ( Nightingale or the Company ) (TSX-V: NGH), an application service provider (ASP) of electronic health
More informationConsolidated Financial Statements December 31, 2005 RESTATED
Consolidated Financial Statements December 31, 2005 RESTATED Management s Responsibility for Consolidated Financial Statements The accompanying consolidated financial statements of Shore Gold Inc. are
More informationCARL CAPITAL CORP. COMPLETES ACQUISITION OF FLOWWORKS INC.
CSE: CRL Frankfurt: 7C5 CARL CAPITAL CORP. COMPLETES ACQUISITION OF FLOWWORKS INC. FlowWorks provides an innovative Software-as-a-Service (SaaS)-based management and reporting system for environmental
More informationInca One Gold Corp. Insider Trading Policy
Inca One Gold Corp. Insider Trading Policy 1.0 Introduction The Board of Directors (the Board ) of Inca One Gold Corp. ( Inca One ) 1 has determined that Inca One should formalize its policy on securities
More informationChesapeake Gold Corp.
Condensed Consolidated Interim Financial Statements June 30, 2015 Second Quarter (unaudited - expressed in thousands of Canadian dollars, except where indicated) Condensed Consolidated Interim Statements
More informationAETNA TO ACQUIRE COVENTRY HEALTH CARE, INC.
AETNA TO ACQUIRE COVENTRY HEALTH CARE, INC. Companies Description www.aetna.com Aetna (NYSE: ΑET) is one of the nation's leaders in health care, dental, pharmacy, group life and disability insurance, and
More informationRadiant Communications Announces 2010 Year-End Results
Radiant Communications Announces 2010 Year-End Results Vancouver, Canada, April 4, 2011 - Radiant Communications Corp. ( Radiant ) (TSX- V:RCN), Canada's leading supplier of Broadband Solutions for Business,
More informationLion One Metals Ltd. Insider Trading Policy
Lion One Metals Ltd. Insider Trading Policy 1.0 Introduction The Board of Directors of Lion One Metals Ltd. ( Lion One ) 1 has determined that Lion One should formalize its policy on securities trading
More informationSEAFIELD RESOURCES LTD. (the Corporation ) Insider Trading Policy
SEAFIELD RESOURCES LTD. (the Corporation ) Insider Trading Policy 1. Introduction The Board of Directors of the Corporation 1 has determined that the Corporation should formalize its policy on securities
More informationViridis Energy Reports First Half & Second Quarter 2015 Financial Results Revenue increases by 18% YTD
Viridis Energy Reports First Half & Second Quarter 2015 Financial Results Revenue increases by 18% YTD Vancouver, BC August 18, 2015 Viridis Energy Inc. ("Viridis" or the "Company") (TSXV:VRD) (OTC:VRDSF),
More informationeqube Gaming Limited Condensed Interim Consolidated Financial Statements For the Three and Nine Months Ended November 30, 2015 (Unaudited)
Condensed Interim Consolidated Financial Statements For the Three and Nine Months Ended November 30, 2015 Notice to Reader The following interim consolidated financial statements and notes have not been
More informationWestern Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited)
Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) Note September 30, 2015 December 31,
More informationShine Corporate Limited (SHJ) Annual General Meeting 2014. Chairman s Address and Managing Director s Presentation
ASX Announcement Shine Corporate Limited (SHJ) Annual General Meeting 2014 Chairman s Address and Managing Director s Presentation Attached are the following documents, which will be presented at the Annual
More informationManagement s Discussion and Analysis of Financial Condition and Result of Operations November 24, 2005
Management s Discussion and Analysis of Financial Condition and Result of Operations November 24, 2005 The following Management s Discussion and Analysis of Financial Condition and Results of Operations
More informationGreat Western Minerals Reports Second Quarter 2014 Results August 13, 2014 Page 2 of 7
NEWS RELEASE 2121 Airport Drive, Unit 201B, Saskatoon, SK S7L 6W5 FOR IMMEDIATE RELEASE Great Western Minerals Reports Second Quarter 2014 Results SASKATOON, SK, Canada, Great Western Minerals Group Ltd.
More informationBlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability
NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,
More informationCERTIVE SOLUTIONS INC. - COMPREHENSIVE CORPORATE UPDATE
FOR IMMEDIATE RELEASE February 26, 2015 CERTIVE SOLUTIONS INC. - COMPREHENSIVE CORPORATE UPDATE Certive Solutions Inc. ( Certive or the Company ) is pleased to provide shareholders with the following comprehensive
More informationYOUR VOTE IS IMPORTANT! VOTE THE WHITE PROXY CARD TODAY FOR THE AMALGAMATION AGREEMENT BETWEEN PARTNERRE AND AXIS CAPITAL
PRE 425 6/11/2015 Section 1: 425 (FORM 425) Filed by PartnerRe Ltd. pursuant to Rule 425 of the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Subject
More informationNews Release INVESTOR AND MEDIA CONTACT: George R. Kirkland Senior Vice President and Treasurer Phone: (229) 873-3830 gkirkland@sgfc.
Southwest Georgia Financial Corporation 201 First Street S.E. Moultrie, GA 31768 PH: (229) 985-1120 FX: (229) 985-0251 News Release INVESTOR AND MEDIA CONTACT: George R. Kirkland Senior Vice President
More informationManagement Discussion and Analysis as of March 31, 2015
THE ATTACHED AUDITED YEAR END FINANCIAL STATEMENTS FORM AN INTEGRAL PART OF THIS MANAGEMENT DISCUSSION AND ANALYSIS AND ARE HEREBY INCLUDED BY REFERENCE Management Discussion and Analysis as of March 31,
More informationInsider Trading Policy
Insider Trading Policy FEBRUARY 2014 Table of Contents 1. Introduction... 2 2. Insider Trading Restrictions... 2 a) Insider Trading Restrictions... 2 b) Material Information... 3 c) Persons in Special
More informationDST SYSTEMS, INC. ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS
ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS KANSAS CITY, MO - October 22, 2015 DST Systems, Inc. (NYSE: DST) reported consolidated net income of $75.1 million ($2.08 per diluted share) for the third
More informationLeadership in Alternative Asset Management
Leadership in Alternative Asset Management FIRST QUARTER REPORT, DECEMBER 31, 2008 REPORT TO SHAREHOLDERS ( IAM or the Corporation ) is pleased to present to shareholders the financial results of the Corporation
More informationBusiness Corporation Extra-Provincial Registration Kit Instructions and Additional Information
Business Corporation Extra-Provincial Registration Kit Instructions and Additional Information Corporate Registry phone: 306.787.2962 1301 1st Avenue fax: 306.787.8999 Regina, Saskatchewan email: corporateregistry@isc.ca
More informationQSC AG. Company Presentation. Preliminary Results 2014 / Outlook 2015 Cologne, February 23, 2015
QSC AG Company Presentation Preliminary Results 2014 / Outlook 2015 Cologne, February 23, 2015 AGENDA 1. Financial Development 2014 Stefan A. Baustert 2. Financial Outlook 2015 / Cost Reduction Program
More informationCHC REALTY CAPITAL CORP. FILING STATEMENT. with respect to a Qualifying Transaction. March 21, 2014
CHC REALTY CAPITAL CORP. FILING STATEMENT with respect to a Qualifying Transaction March 21, 2014 Neither the TSX Venture Exchange Inc. (the Exchange ) nor any securities regulatory authority has in any
More informationAurora Investment makes a partial public cash offer to the shareholders in Anoto Group for up to 20.0 per cent. of the shares
March 5, 2010 at 8.15 For immediate release THIS PRESS RELEASE IS NOT AND MUST NOT, DIRECTLY OR INDIRECTLY, BE DISTRIBUTED OR MADE PUBLIC IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR
More informationSyncordia Technologies and Healthcare Solutions, Corp. Reports Second Quarter Fiscal 2016 Results
Syncordia Technologies and Healthcare Solutions, Corp. Reports Second Quarter Fiscal 2016 Results - Sequential growth of Revenue and Adjusted EBITDA of 15% and 10%, respectively Toronto, Ontario. November
More informationNovember 28, 2008 FORWARD LOOKING STATEMENTS
Management Discussion and Analysis of the Financial Condition and Results of Operations For the three and nine months ended September 30, 2008 and 2007 1 November 28, 2008 The following Management Discussion
More informationFirst quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
170 INDUSTRIEL BLVD. BOUCHERVILLE (QUÉBEC) CANADA, J4B 2X3 TEL: (450) 641-2440 FAX: (450) 449-4908 PRESS RELEASE First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
More informationJMP Securities 2015 Technology Conference
JMP Securities 2015 Technology Conference March 3, 2015 2015 Actua Corporation / All Rights Reserved / 1 Forward-Looking Statements The statements contained in this presentation that are not historical
More informationSapiens results in the first quarter represent a solid start to achieving our financial targets for the full year.
Sapiens Reports 12% Year-Over-Year Increase in Quarterly Revenue to $41 Million Non-GAAP Quarterly Operating Profit Increased by 58.5% Year-Over-Year Holon, Israel, May 6, 2015 Sapiens International Corporation,
More informationMarket Leader(R) Grows Q3 Revenue With SaaS-Based Vision Products
Market Leader(R) Grows Q3 Revenue With SaaS-Based Vision Products Company Release - 10/28/2010 16:00 Double Digit Revenue Growth Projected for the Coming Quarter KIRKLAND, WA -- (MARKET WIRE) -- 10/28/10
More informationORACLE CORP FORM DEFA14A. (Additional Proxy Soliciting Materials (definitive)) Filed 10/25/11
ORACLE CORP FORM DEFA14A (Additional Proxy Soliciting Materials (definitive)) Filed 10/25/11 Address 500 ORACLE PARKWAY MAIL STOP 5 OP 7 REDWOOD CITY, CA 94065 Telephone 6505067000 CIK 0001341439 Symbol
More informationVIVINT SOLAR ANNOUNCES FIRST QUARTER 2015 FINANCIAL RESULTS
VIVINT SOLAR ANNOUNCES FIRST QUARTER 2015 FINANCIAL RESULTS Megawatts Installed Increased 131% Year-over-Year Retained Value Increased 138% Year-over-Year Revenue Increased 172% Year-over-Year LEHI, Utah,
More informationNEW WORLD GAMING TO OFFER TO ACQUIRE GATEWAY CASINOS INCOME FUND FOR C$25.26 PER UNIT
April 3, 2007 Attention Business/Financial Editors: Gateway Casinos Income Fund TRADING SYMBOL: The Toronto Stock Exchange TSX: GCI.UN NEW WORLD GAMING TO OFFER TO ACQUIRE GATEWAY CASINOS INCOME FUND FOR
More informationGrenville Strategic Royalty Corp (formally Troon Ventures Ltd.) Consolidated Financial Statements For the Year Ended December 31, 2014
Grenville Strategic Royalty Corp (formally Troon Ventures Ltd.) Consolidated Financial Statements For the Year Ended Contents Independent Auditors Report... 2 Consolidated Statements of Financial Position...
More informationCONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS. (Unaudited)
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Three and Six Months Ended June 30, 2015 and 2014 TABLE OF CONTENTS Three and Six Months Ended June 30, 2015 and 2014 Page Condensed Interim
More informationFiled by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the
Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Polycom, Inc.
More informationDATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015
For Immediate Release DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 SECOND QUARTER HIGHLIGHTS Second quarter 2015 ( Q2 ) Revenues of $73.4 million, a decrease of 4.3% year over year
More informationfor the period ended March 31, 2002 www.quorumis.com
1 S T Q U A R T E R R E P O R T for the period ended March 31, 2002 www.quorumis.com Quorum Information Technologies Inc. Quorum is a successful Information Technology Company that is uniquely positioned
More informationFiera Capital reports strong AUM net inflows for second quarter and increases quarterly dividend to $0.14 per share
Fiera Capital reports strong AUM net inflows for second quarter and increases quarterly dividend to $0.14 per share Not for distribution to U.S. news wire services or dissemination in the United States
More informationNews Release. Circa Reports Sales and Operating results for the Second Quarter Ended June 30, 2015
August 6, 2015 For Immediate Release News Release Circa Reports Sales and Operating results for the Second Quarter Ended June 30, 2015 Calgary, AB Circa Enterprises Inc. (CTO-TSXV) (the "Company" or "Circa"),
More informationACCOUNTING STANDARDS BOARD OCTOBER 1998 FRS 14 FINANCIAL REPORTING STANDARD EARNINGS ACCOUNTING STANDARDS BOARD
ACCOUNTING STANDARDS BOARD OCTOBER 1998 FRS 14 14 EARNINGS FINANCIAL REPORTING STANDARD PER SHARE ACCOUNTING STANDARDS BOARD Financial Reporting Standard 14 Earnings per Share is issued by the Accounting
More informationViridis Energy Reports Nine Months & Third Quarter 2015 Financial Results Gross Profit Increases to $717,000 in Third Quarter
Viridis Energy Reports Nine Months & Third Quarter 2015 Financial Results Gross Profit Increases to $717,000 in Third Quarter Vancouver, BC November 16, 2015 Viridis Energy Inc. ("Viridis" or the "Company")
More informationDATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014
For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of
More informationINSIDER TRADING POLICY AND GUIDELINES
INSIDER TRADING POLICY AND GUIDELINES As a public company, Northern Power Systems Corp. ( Northern Power or the Company ) and its officers, directors and employees are subject to the requirements and restrictions
More informationSCHEDULE A ACCREDITED INVESTOR STATUS CERTIFICATE
SCHEDULE A ACCREDITED INVESTOR STATUS CERTIFICATE TO BE COMPLETED BY BRITISH COLUMBIA, ALBERTA, SASKATCHEWAN, MANITOBA, ONTARIO, QUÉBEC, NEWFOUNDLAND AND LABRADOR, NOVA SCOTIA, NEW BRUNSWICK AND PRINCE
More informationFOR IMMEDIATE RELEASE ARKANSAS BEST CORPORATION AGREES TO ACQUIRE PREMIUM LOGISTICS COMPANY PANTHER EXPEDITED SERVICES, INC.
FOR IMMEDIATE RELEASE ARKANSAS BEST CORPORATION AGREES TO ACQUIRE PREMIUM LOGISTICS COMPANY PANTHER EXPEDITED SERVICES, INC. Transaction Expected to Significantly Enhance Arkansas Best s End-To-End Solutions
More informationSUN LIFE GLOBAL INVESTMENTS (CANADA) INC.
SUN LIFE GLOBAL INVESTMENTS (CANADA) INC. ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE for the financial year ended December 31, 2014 Sun Life BlackRock Canadian Universe Bond Fund This annual management
More informationANNUAL INFORMATION FORM GROUPWORKS FINANCIAL CORP. December 16, 2010
ANNUAL INFORMATION FORM GROUPWORKS FINANCIAL CORP. December 16, 2010 Groupworks Financial Corp. TABLE OF CONTENTS Presentation of Information... 4 Documents Incorporated by Reference... 4 Caution Regarding
More informationNEWS RELEASE QUESTOR TECHNOLOGY INC. ANNOUNCES FIRST QUARTER 2014 FINANCIAL RESULTS
NEWS RELEASE QUESTOR TECHNOLOGY INC. ANNOUNCES FIRST QUARTER 2014 FINANCIAL RESULTS Calgary, Alberta (May 30, 2014) Questor Technology Inc. ( Questor or the Company ) (TSX-V: QST) announced today its financial
More informationFOR IMMEDIATE RELEASE TOKIO MARINE HOLDINGS TO ACQUIRE HCC INSURANCE HOLDINGS IN $7.5 BILLION TRANSACTION
FOR IMMEDIATE RELEASE TOKIO MARINE HOLDINGS TO ACQUIRE HCC INSURANCE HOLDINGS IN $7.5 BILLION TRANSACTION Significant expansion of International business by Tokio Marine Opportunity to combine HCC s specialty
More informationConsolidated financial statements of. BIOX Corporation. For the three month periods ended December 31, 2010 and 2009. (Unaudited)
Consolidated financial statements of BIOX Corporation Table of contents Consolidated statements of operations and comprehensive income (loss)... 1 Consolidated statements of deficit... 2 Consolidated balance
More informationLISTING FEE SCHEDULE (as at April 15, 2012)
LISTING FEE SCHEDULE (as at April 15, 2012) Table of Contents A. Introduction... 1 B. Definitions... 2 C. How to Calculate the Fees... 3 D. Corporate Issuers... 4 Original Listing Fees Schedule D1... 4
More informationFORM 51-102F1 EMPOWER TECHNOLOGIES CORPORATION MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2014
FORM 51-102F1 EMPOWER TECHNOLOGIES CORPORATION MANAGEMENT DISCUSSION AND ANALYSIS FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2014 The following discussion and analysis, prepared as of May 30, 2014, should
More informationMANAGEMENT S DISCUSSION AND ANALYSIS U308 CORP. (A DEVELOPMENT STAGE COMPANY) THREE AND SIX MONTHS ENDED JUNE 30, 2007 (UNAUDITED)
MANAGEMENT S DISCUSSION AND ANALYSIS U308 CORP. THREE AND SIX MONTHS ENDED JUNE 30, 2007 (UNAUDITED) Prepared by: U3O8 Corp. 69 Yonge St. Suite 310 Toronto ON M5E 1K3 www.u3o8corp.com Table of Contents
More informationINSIDER TRADING POLICY SUPERIOR PLUS CORP.
INSIDER TRADING POLICY SUPERIOR PLUS CORP. A fundamental principle of securities legislation is that everyone investing in securities should have equal access to information that may affect their decision
More informationSPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK LINE REDETERMINATION
Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK
More informationHow To Know If You Can Make Money From Your Cell Phone In Manitoba
Stock Symbol: MBT NewsRelease This news release contains forward-looking statements and information. For a description of the related risk factors and assumptions, please see the section entitled Forward-looking
More informationCRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015
PRESS RELEASE CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015 January 6, 2015 CALGARY, ALBERTA. Crescent Point Energy Corp. ( Crescent Point or the Company ) (TSX and
More informationNEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS
NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS TORONTO, CANADA August 11, 2010 -- Russel Metals Inc. (RUS TSX) today announced second quarter earnings of $19
More informationVENTURE FINANCING TERMS. A. Classes of Stock 1. Common Stock
VENTURE FINANCING TERMS A. Classes of Stock 1. Common Stock 2. Preferred Stock a. Liquidation rights (i) Standard dividends and stated value (ii) Double Dip dividends, a multiple of stated value and participating
More informationNOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS
Condensed Interim Consolidated Financial Statements of THE BRICK LTD. For the three months ended March 31, 2013 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102,
More informationWe do what we say we will do.
We do what we say we will do. Investor Presentation March 2013 1 Forward-Looking Statements Certain statements in this document are forward-looking statements, which reflect management s current beliefs
More informationJanna Systems Inc. Scotia Capital Telecom & Tech Conference November 8, 2011. Track Record of Success. William M. Tatham Chief Executive Officer
William M. Tatham Chief Executive Officer CUSTOMER 1 Scotia Capital Telecom & Tech Conference November 8, 2011 Janna Systems Inc. 19.63 Financial Services CRM >100% CAGR last 6 years Highly Profitable
More informationEIGHT SOLUTIONS INC.
June 30, 2015 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102, part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the condensed consolidated
More informationSOUTH BLOCK A ( SBA ) PEAK S JV PARTNER KRX ENERGY SECURES ADDITIONAL FUNDING
18 th June 2013 SOUTH BLOCK A ( SBA ) PEAK S JV PARTNER KRX ENERGY SECURES ADDITIONAL FUNDING SBA joint venture partner KRX Energy Pte Ltd ( KRX ) secures fresh funding through proposed investment by Risco
More information