Nova HRC Completes Renovation of Marriott Visalia

Nova Hotel Renovation & Construction (Nova HRC), a leader in hotel renovation and construction, announced the completion of the Visalia Marriott project today. All 195 guest rooms, corridors and select public areas at the Visalia Marriott have been modernized and improved to better serve Marriott guests.

“This particular project was unique.” said Chip Hardy, President of Nova HRC. “As the General Contractor, we oversaw the design from concept through to final approval. Our responsibilities included delivering value engineering, managing the sourcing and procurement of all furniture, fixtures and equipment, all in accordance with the owner’s vision. The efficiency, expertise and professionalism of our subcontractors, suppliers, overseas partners, the owners and the Marriott design team all contributed in making the project successful and extremely enjoyable.”

“The efficiency, expertise and professionalism of our subcontractors, suppliers, overseas partners, the owners and the Marriott design team all contributed in making the project successful and extremely enjoyable.”

Chip Hardy, President

The brand new, modernized rooms include opulent features such as 55” televisions, floor to ceiling LED dressing mirrors, live edge wood desks, luxury flooring, multiple USB charging stations, and acrylic art reflecting the Sequoia National Park.

Nova HRC specializes in hospitality renovation and construction projects worldwide, servicing all segments of the industry, including branded hotel chains and boutique properties. The company executives are a fusion of hoteliers and construction experts, allowing for a uniquely dynamic, yet thoroughly practical approach to renovation and hotel operations.  Nova HRC is especially renowned for its ability to value engineer furniture, fixtures and equipment, and other materials in hotel renovation projects, even within the most challenging of budgets.

To learn more about Nova HRC please contact Chip Hardy, President by phone727.447.2800 or email to chardy@novahrc.com

Website: www.novahrc.com Follow us on:  LinkedIn

Source: Nova HRC

Antipsychotics Market Set to Witness an Uptick During 2015 to 2021 – Persistence Market Research

New York, NY — (SBWIRE) — 02/23/2017 — The neurology drugs market is expanding at a significant rate due to increasing prevalence of neurological disorders or injuries. In addition, technological advancements have been driving the market. Antipsychotics refer to a group of medicines that help treat mental health illnesses such as schizophrenia, schizoaffective disorder, bipolar disorder, and psychotic depression. Antipsychotics can also be used to treat severe depression and anxiety. There are two types of antipsychotics: atypical antipsychotics and older antipsychotics. Atypical or newer antipsychotics, also referred as second generation of antipsychotics, include amisulpride, olanzapine aripiprazole, clozapine, risperidone, sertindole, and quetiapine. Older antipsychotics, also referred as first generation antipsychotics, include flupentixol, levomepromazine, trifluoperazine, zuclopenthixol, pimozide, chlorpromazine, perphenazine, haloperidol, pericyazine, and sulpiride. Antipsychotics are prescribed medications, which are available as liquids, tablets, capsules, and injections. These work on the principle of altering the effect of some chemicals in the brain, resulting in changes in mood, behavior, and emotions. Duration for intake of antipsychotics varies, depending on health condition. Common side-effects associated with antipsychotics include dizziness, diarrhea, sedation, headaches, hyperprolactinaemia, and weight gain. Other side-effects associated with antipsychotics are orthostatic hypotension, blurred vision, constipation, osteoporosis, sexual dysfunction, muscle rigidity, reduced perspiration, seizures, myocardial infarction, and stroke.

North America dominates the global market for antipsychotics due to the presence of a large number of aging population, and increasing prevalence of neurological disorders in the region. The market for antipsychotics in Europe is expected to experience a high growth rate in the next few years. The region would be followed by Asia. China and India are likely to be the fastest growing markets for antipsychotics in Asia. Key factors driving the antipsychotics market in emerging countries include presence of a large pool of patients, and rise in government funding.

Factors such as aging population, increasing prevalence of neurological disorders, and growing awareness regarding different neurological disorders and their available treatment are driving the global antipsychotics market. Furthermore, improvement in healthcare facilities and technological advancements in the field of neurology are also boosting the antipsychotics market. However, factors such as side-effects associated with antipsychotics and lower adoption rate of antipsychotics have been hampering market growth.

Growth in demographics and developing economies such as India and China is projected to offer ample opportunities to the global antipsychotics market. Innovation in some of the existing products, leading to improvement in the efficiency of antipsychotics is anticipated to offer opportunities for the market. Rising number of mergers and acquisitions, new product launches, and increasing number of collaborations and partnerships are some of the latest trends in the global antipsychotics market. Furthermore, the number of patent expirations in the global antipsychotics market is increasing. Profit margins of companies are likely to be affected due to the expiry of patents. Side-effects associated with antipsychotics act as a challenge for the antipsychotics market. Commonly marketed antipsychotics include aripiprazole, asenapine maleate, clozapine, iloperidone, lurasidone, and olanzapine. Other commonly marketed antipsychotics include olanzapine/fluoxetine, paliperidone, quetiapine, risperidone, and ziprasidone.

To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/4192

Major companies dealing in global antipsychotics market include Eli Lilly and Company, Pfizer, Inc., and GlaxoSmithKline Plc. Other companies with significant presence in the antipsychotics market include AstraZeneca Plc, Bristol-Myers Squibb, and Johnson & Johnson.

Buy Now: You can now buy a single user license of the report at http://www.persistencemarketresearch.com/checkout/4192

The final report customized as per your specific requirement will be sent to your e-mail id within 7-20 days, depending on the scope of the report.

Terrafina Fourth Quarter and Full Year 2016 Earnings Report

MEXICO CITY–(BUSINESS WIRE)–Terrafina® (BMV:TERRA13) (“TERRA” or “the Company”), a leading Mexican industrial real estate investment trust (“FIBRA”), externally advised by PGIM Real Estate and dedicated to the acquisition, development, leasing and management of industrial real estate properties in Mexico, today announced its earnings results for the fourth quarter 2016 (4Q16) and full year 2016.

The figures in this report have been prepared in accordance with International Financial Reporting Standards (“IFRS”). Figures presented in this report are presented in millions of Mexican pesos and millions of U.S. dollars, unless otherwise stated. Additionally, figures may vary due to rounding.

Terrafina’s financial statements that are included in this report are internal and have not yet been audited by the external auditors, nor have they been approved at the Ordinary Shareholders’ Meeting. As a result, the mentioned figures in this financial report are preliminary figures and could be adjusted in the future. Once the audited 2016 financial statements are available and have been approved by the Annual Ordinary Shareholders’ Meeting, these will be made available to the market as per applicable law.

This document may include forward-looking statements that may imply risks and uncertainties. Terms such as “estimate”, “project”, “plan”, “believe”, “expect”, “anticipate”, “intend”, and other similar expressions could be construed as previsions or estimates. Terrafina warns readers that declarations and estimates mentioned in this document, or realized by Terrafina’s management imply risks and uncertainties that could change in function of various factors that are out of Terrafina’s control. Future expectations reflect Terrafina’s judgment at the date of this document. Terrafina reserves the right or obligation to update the information contained in this document or derived from this document. Past or present performance is not an indicator to anticipate future performance.

Financial and Operating Highlights as of December 31, 2016

Operating

  • As of December 31, 2016, the occupancy rate was 94.8%, a 160 basis point increase compared to the fourth quarter of 2015 (4Q15). Additionally, considering signed letters of intent (LOI), occupancy for 4Q16 was 95.2%.
  • Annualized average leasing rate per square foot at the year-end was US$4.88.
  • Terrafina reported a total of 30.5 million square feet (msf) of Gross Leasable Area (GLA) comprised of 209 properties and 218 tenants at the end of 2016.
  • 2016 leasing activity totaled 6.7 msf, of which 31.1% corresponded to new leases, 24.1% to lease renewals and 44.8% to early renewals. Leasing activity was mainly concentrated in the Chihuahua, Ciudad Juarez, Queretaro, Ramos Arizpe, Cuautitlan Izcalli, San Luis Potosi, Monterrey, Tijuana, Toluca, Saltillo, Irapuato, and Apodaca markets.
  • Total developments for 2016 included 620,000 square feet of GLA, which are expected to contribute US$3.1 million to Net Operating Income (NOI) for the 2017 period. The expected return rate for the developments is 10.5%*.

*Expected return is not guaranteed. Final results may vary.

Financial

  • FY2016 rental revenues reached US$131.7 million, of which US$33.4 million were generated during 4Q16; a 5.9% or US$1.9 million increase compared to 4Q15.
  • FY2016 NOI was US$131.8 million, of which US$33.1 million were generated during 4Q16; a 7.5% or US$2.3 million increase compared to 4Q15.
  • The NOI margin reached 92.1% for FY2016 and 92.9% in 4Q16, a 180 basis point increase compared to 4Q15.
  • FY2016 EBITDA reached US$118.2 million, of which US$29.6 million were generated in 4Q16, an increase of 9.7% or US$2.6 million compared to 4Q15.
  • The EBITDA margin for 2016 was 82.5% and 82.9% for 4Q16, a 306 basis point increase compared to 4Q15.
  • FY2016 adjusted funds for operations (AFFO) reached US$74.5 million, of which US$20.4 million were generated in 4Q16, an increase of 23.4% or US$3.9 million compared to 4Q15.
  • The AFFO margin for 2016 was 52.7% and 56.8% in 4Q16, a 877 basis point increase compared to 4Q15.
  • FY2016 distributions totaled US$74.5 million while distributions per CBFI totaled US$0.1227; considering the average share price for 2016 of US$1.62 (Ps.30.16), Terrafina’s dividend yield for the year was 7.6%.
  • 4Q16 distributions totaled US$20.4 million. As a result, Terrafina will distribute Ps.0.6593 per CBFI (US$0.0355 per CBFI) for the October 1 to December 31, 2016 period; considering the average share price for 4Q16 of US$1.49 (Ps. 29.48), Terrafina’s dividend yield for 4Q16 was 8.9%.

For access to the complete report, please visit our web site at www.terrafina.mx

Ziegler Closes $4.5 Million Shiloh Missionary Baptist Church Financing

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…Shiloh has been a great client of Ziegler and we look forward to continuing the relationship…

Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $4,500,000 Series 2016 financing for Shiloh Missionary Baptist Church, Saint Paul, Minnesota.

Shiloh Missionary Baptist Church began in 1967 in a facility that was originally constructed in 1909. The church’s first facility included a 350-seat sanctuary, offices and classrooms and was located on one acre at 860 Hague Avenue, Saint Paul, Minnesota. In 2007, the church moved into its current, newly completed 12,000 square foot facility, including an 850-seat sanctuary and offices on 3.5 acres at 501 West Lawson Avenue. The church utilized both locations for ministry operations, before it sold the Hague Avenue property in 2015. Reverend Steve Daniels, Jr. has been the senior pastor since 1991 and under his leadership, the church continues to grow with current average weekly worship attendance at 624. In the continuing effort to add to its worship experience, the church recently updated its website to begin its media ministry, including live-streaming of morning worship services and other special events.  
 
In October 2006, Ziegler underwrote a $3,500,000 Bond issue for the church. The net proceeds from the sale of the 2006 Bonds were used to retire then existing debt and to pay the costs of constructing the current facility at the Lawson Avenue location. A portion of the net proceeds of the 2016 Series Bonds were used to refinance the 2006 Bonds, which lowered the average coupon from 7.14% to 5.74% and produced a net savings of approximately $447,000 over the remaining 15 years of the 2006 Bonds’ amortization. A small portion of the net proceeds from the sale of the 2016 Bonds were also used to retire an outstanding bank note used to pay the costs of completing ancillary construction related to the 2006 project at Lawson Avenue.
 
In addition to the refinancing, a portion of the proceeds from the sale of the 2016 Series Bonds will be used to pay the costs of constructing a building addition to the current facility, which upon full completion will include approximately 10,000 square feet of finished floor space consisting of administration offices, a nursery, new bathrooms, dining and youth spaces.

“Ziegler has been a long-standing partner with Shiloh Missionary Baptist Church as we have grown and developed over the years. When our recent growth demanded action, Ziegler stepped up and assisted the church resulting in a ministry expansion project. Our partnership with Ziegler has been extremely rewarding and we would highly recommend the Ziegler team as your funding source when planning your next project,” commented, Dr. Steve Daniels, Jr., Senior Pastor.

“Over the last couple of years, the church started to outgrow its facility that Ziegler helped finance in 2006. In early 2016, church leadership moved forward with the planning of an additional 10,000 square feet of facility space to accommodate its growth. In addition, we were able to refinance the 2006 series bonds into a much lower interest rate and were able to close on the transaction before year end. Shiloh has been a great client of Ziegler and we look forward to continuing the relationship,” stated Dave Schlosser, Managing Director in Ziegler’s religion finance practice.

Since our first financing in 1913, Ziegler has become a recognized leader in providing creative, tailored solutions to religious and educational institutions. Focusing on multidenominational places of worship, charter schools and K-12 private schools, Ziegler offers long-term, fixed-rate financing, tax-exempt financing and short-term, variable rate financing. 

For more information about Ziegler, please visit us at http://www.ziegler.com.

About Ziegler:

Ziegler is a privately held investment bank, capital markets, wealth management and proprietary investments firm, celebrating its 115th anniversary this year. Ziegler is ranked No. 1 in the country in healthcare/senior living underwriters by issuance and No. 4 by par amount (Thomson Reuters, 2016), and is ranked in the top 20 municipal underwriters in the country by volume (Bloomberg, 2016). Specializing in the healthcare, senior living, education and religion sectors, as well as general municipal and structured finance enables Ziegler to generate a positive impact on the communities it serves. Headquartered in Chicago with regional and branch offices throughout the United States, Ziegler provides its clients with capital raising, strategic advisory services, equity and fixed income sales & trading, wealth management and research. To learn more, visit http://www.ziegler.com.

Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
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Mayor, Investors and Affordable Housing Partners Announce Launch of San Francisco Housing Accelerator Fund

New “one-stop” citywide non-profit fund that brings in private and philanthropic capital to provide affordable housing developers with more resources so they can compete better in the market to preserve and build affordable housing in San Francisco.

SOURCE: Citi

SUMMARY:

Mayor Edwin M. Lee, affordable housing developers and private investors announced their support on Thursday for the new San Francisco Housing Accelerator Fund: an innovative public-private partnership with the city of San Francisco, local foundations, private lending institutions, and corporations that creates a nonprofit financial intermediary that is the “one stop” for investing in housing in San Francisco.


DESCRIPTION:

SAN FRANCISCO, February 23, 2017 /3BL Media/ — Mayor Edwin M. Lee, affordable housing developers and private investors announced their support on Thursday for an innovative new tool to help preserve and produce homes for working-class families in San Francisco.

The San Francisco Housing Accelerator Fund will accelerate the preservation and production of over 1,500 units of affordable housing over its first five years, by doing the following:

  • Assemble and aggregate new capital for affordable housing
     
  • Leverage $10mm in City investment and $7mm in philanthropic investment with up to $30mm in private dollars, with the plan to grow significantly to $100mm+ over time with no additional public funding
     
  • Bring forward new and existing public funds as bridge financing for projects the City wishes to support over the long term
     
  • Move quickly to assist affordable housing developers to acquire desirable new sites and existing properties with an efficient lending model that is competitive in the marketplace
     
  • Build equity to allow for sustainable strategic site acquisition into the City’s future

“We need to provide our affordable housing partners with the necessary resources and support to compete with market-rate development corporations,” said Mayor Lee. “If we want to preserve San Francisco neighborhoods and ensure that working-class residents stay in this City, we have to create affordable housing options. The Housing Accelerator fund allows us to work with our private partners on innovative ways to help us build those homes.”

The Fund is an innovative public-private partnership with the City of San Francisco, local foundations, private lending institutions, and corporations. It is a new non-profit financial intermediary that is the “one stop” for investing in affordable housing in San Francisco. The Fund will seek to build equity to allow for sustainable strategic site acquisitions into the City’s future, and to continue to leverage private and philanthropic contributions to increase its impact. 

San Francisco’s affordable housing issues are affecting families across the income spectrum, requiring every tool and resource possible to address the challenge. At over $4,500/month for a two-bedroom apartment, San Francisco has become the most expensive city in the US. The cost of housing is unaffordable for 73% of San Franciscans, and Federal and State support for affordable homes has declined significantly over the last decade. Rent stabilized units are continually lost under Ellis Act eviction proceedings, which have increased significantly over the last five years. 

The concept for the Housing Accelerator Fund was developed through the Mayor’s Housing Working Group, announced as a goal by the Mayor in his 2015 State of the City, and developed with the help of early funding support from Citi Community Development.

“In this real estate market on steroids, a fund that can act quickly to acquire key properties is critical to the City of San Francisco and its affordable housing developers,” said Housing Accelerator Fund Board Chair, Rich Gross, Vice President and Northern California Market Leader at Enterprise Community Partners. “The Accelerator Fund is one more piece of the puzzle in providing affordable housing to San Francisco residents.”

At the 2015 launch of the Fund, Mayor Lee implored more investors to take action:

“I’m calling again on every corporation and every individual in this City who say they care about affordable housing and community: Now is the time to put your dollars to work,” said Mayor Lee. “Invest in the Housing Accelerator Fund and make our affordable housing developers even more competitive.”

Key corporations and foundations have already invested to bring the Housing Accelerator Fund from idea to reality, including lead investors Citi Community Development, Dignity Health, the San Francisco Foundation, and the Hewlett Foundation, and supporting investors Bank of America, the Silicon Valley Community Foundation, and Enterprise Community Partners. The Fund’s early capital providers understand that affordable housing is the backbone of San Francisco’s communities.

“With a median rent for a one-bedroom apartment in San Francisco of $3,590, and nearly half of Bay Area residents spending more than 30 percent of their paychecks on rent, the need to develop more affordable housing is clear,” said Bob Annibale, Global Director of Citi Community Development and Inclusive Finance. “Citi Community Development invested in the new Housing Accelerator Fund as it provides an innovative and flexible resource to finance and significantly expand access to affordable housing.”

Once the Fund has secured its senior capital commitments, it will begin to provide loans to affordable housing developers to acquire desirable new sites and existing properties with an efficient lending model that is competitive in the marketplace.

Adding Resources and Speed – Expanding the Successful Small Sites Program: One early use of the Housing Accelerator Fund’s lending capital will be to provide more resources to developers stabilizing buildings with long-term tenants through the Small Sites Program. The Small Sites program has been stabilizing buildings over the last two years through the acquisition and rehabilitation of tenant occupied buildings that are susceptible to eviction and displacement. The Housing Accelerator Fund will allow the Small Sites Program to stabilize additional buildings faster and help developers to purchase land for new affordable housing production.

“By the end of this quarter, we will have saved 48 households and seven businesses from eviction via the Small Sites Program,” said Karoleen Feng, Director of Community Real Estate at MEDA.  “And it’s 100 percent guaranteed. How so? The vulnerable tenants are identified. The Small Sites property is purchased. The tenants remain in their homes. It’s that direct of an impact. This year, we’re going deeper in our work – saving buildings where our families going to Mission schools live, buildings along Mission Street – the lifeblood of the Mission District and buildings at risk because of new construction in the immediate area. We are competing with so many cash-rich buyers for sites like these that we are eager to partner with the new Housing Accelerator Fund so we can have the flexibility and speed to save more buildings, at more competitive prices.”

The Small Sites Program was launched in July 2014 with an initial $3 million as a pilot program after a six month stakeholder process. Since then, SSP has been allocated $75 million through the 2018 Fiscal Year. The program has stabilized 154 people to date, in 13 buildings with 78 units closed. Twelve additional buildings are pending, resulting in a total unit count of 137 units, 24 group housing units and nine commercial spaces. Partner developers include MEDA, Chinatown Community Development Corp, SF Community Land Trust, SFHDC and Mission Housing Development Corp.

“What we are most focused on is how we can give our incredible affordable housing developer partners more resources: more buying power in this competitive market, and a greater capacity to do more preservation and production of affordable housing, faster,” said Housing Accelerator Fund Executive Director Rebecca Foster. “Our affordable housing development community is the best in the country – and we’re providing them with more leverage.”

“The Housing Accelerator Fund can make our affordable housing developer partners more competitive, so that we can save more buildings faster,” said Mayor Lee. “We are talking about properties that are the homes of working families who are teachers, janitors, and service employees. They are the backbone of our communities.”

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ABOUT THE SAN FRANCISCO HOUSING ACCELERATOR FUND

The Housing Accelerator Fund is an innovative public-private partnership with the city of San Francisco, local foundations, private lending institutions, and corporations. The Fund provides powerful new tools for producing and preserving affordable housing in San Francisco.  Its goal is to accelerate production and preservation of over 1,500 units in the Fund’s first five years, and to grow and create more housing opportunities into San Francisco’s future.

For more information, visit https://www.sfhaf.org/  or contact Rebecca Foster: rebecca@sfhaf.org

ABOUT CITI

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at http://citicommunitydevelopment.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: https://blog.citigroup.com/ | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Tweet me: Mayor, investors and affordable housing partners announce launch of San Francisco Housing Accelerator Fund http://bit.ly/2kQRW7S @Citi #SF

Contact Info:

Rebecca Foster
San Francisco Housing Accelerator Fund
+1 (650) 799-9644
rebecca@sfhaf.org

KEYWORDS: Finance & Socially Responsible Investment, san francisco, affordable housing, housing accelerator, Citi Community Development, Mayor Edwin Lee, Enterprise Community Partners, Bob Annibale, inclusive cities, Citi

Hongli Clean Energy Technologies Corp. Announces Receipt of Delinquency Letter from NASDAQ Relating to December 31, 2016 Form 10-Q

PINGDINGSHAN, China, Feb. 23, 2017 /PRNewswire/ — Hongli Clean Energy Technologies Corp. (NASDAQ:  CETC) (“Hongli” or the “Company”), a vertically integrated producer of clean energy products located in Henan Province, China, today announced that it has received a letter from The NASDAQ Stock Market (“NASDAQ”) notifying the Company that it is not in compliance with NASDAQ Listing Rule 5250(c)(1) because it has not filed its Quarterly Report on Form 10-Q for the period ended December 31, 2016 in a timely manner with the Securities and Exchange Commission (the “SEC”).  NASDAQ Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the SEC. This delinquency serves as an additional basis for delisting the Company’s securities from the Nasdaq Stock Market.

As previously reported, the Company informed the Nasdaq Listing Qualification Panel (the “Panel”) that its auditor had notified the Company on January 26, 2017 that it would need additional time to complete the audit for the fiscal year ended June 30, 2016. The Panel has granted the Company’s request for extension of the exception period to complete its audit and filing of its delinquent reports and any necessary restatements with the Securities and Exchange Commission prior to March 31, 2017.

About Hongli Clean Energy Technologies Corp.

Previously known as SinoCoking Coal and Coke Chemical Industries, Inc., Hongli Clean Energy Technologies Corp. (“Hongli” or the “Company”) is a Florida corporation and an emerging producer of clean energy products located in Pingdingshan City, Henan Province, China. The Company has historically been a vertically-integrated coal and coke processor of basic and value-added coal products for steel manufacturers, power generators, and various industrial users. The Company has been producing metallurgical coke since 2002, and acts as a key supplier to regional steel producers in central China. The Company also produces and supplies thermal coal to its customers in central China. The Company currently owns its assets and conducts its operations through its subsidiaries, Top Favour Limited and PingdingshanHongyuan Energy Science and Technology Development Co., Ltd., and its affiliated companies, Henan Province PingdingshanHongli Coal & Coke Co., Ltd., Baofeng Coking Factory, BaofengHongchang Coal Co., Ltd., BaofengHongguang Environment Protection Electricity Generating Co., Ltd., Zhonghong Energy Investment Company, Henan Hongyuan Coal Seam Gas Engineering Technology Co., Ltd., BaofengShuangri Coal Mining Co., Ltd., and BaofengXingsheng Coal Mining Co., Ltd.

For additional information on the Company, please go to http://www.cetcchina.net/ or refer to the company’s periodic reports filed with the Securities and Exchange Commission (http://www.cetcchina.net/sec-filings.html). Investors wishing to receive the Company’s corporate communications as they become available may go to the company’s Investor Relations site (http://www.cetcchina.net/corporate-overview.html) and register under Email Alerts.

Also, investors may submit questions directly to Mr. Lv and his staff to receive non-confidential information about the company’s operations and products at the company’s “Ask Management” blog (http://www.cetcchina.net/ask-management.html).

Forward-Looking Statements

This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company’s financial position and business strategy. The words or phrases “plans,” “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “think,” “considers” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

Company Contact:

Jianhua Lv, CEO
Phone: + 86-375-2882-999
Email: lvjianhua@sinocoking.net  
Website: http://www.cetcchina.net/

SOURCE Hongli Clean Energy Technologies Corp.

MasTec Announces Fourth Quarter and Annual Results, Amended and Expanded Credit Facility and Issues 2017 Guidance

CORAL GABLES, Fla., Feb. 23, 2017 /PRNewswire/ — MasTec, Inc. (NYSE: MTZ) today announced better than expected 2016 fourth quarter and full year financial results, and issued its initial 2017 guidance range.

The Company also reported:

Adjusted net income, adjusted diluted earnings per share, adjusted EBITDA and book leverage ratio, which are all non-GAAP measures, exclude certain items which are detailed and reconciled to the most comparable GAAP-reported measures in the attached Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures.

Jose Mas, MasTec’s Chief Executive Officer, commented, “We exceeded our fourth quarter expectations, driven primarily by improved productivity in our Oil & Gas segment. We also signed pipeline contracts approximating $1.7 billion during the quarter, ending the year, as expected, with record Oil & Gas segment backlog. We expect record results for our Oil & Gas segment in 2017 and continue to have clear visibility to continued opportunities in this segment for several years.”

Mr. Mas continued, “I want to thank the men and women of MasTec for their dedicated efforts during 2016 and look forward to a great 2017 and beyond.”

The company also announced that it has entered into an amended and restated credit facility with a syndicate of lenders led by Bank of America, N.A. and SunTrust Bank, which increased the capacity under the senior secured credit facility by over $250 million to $1.5 billion and extended the maturity date of the facility to February 2022. The amended credit facility also contains more favorable terms and provides additional flexibility for borrowings in foreign currencies.

George Pita, MasTec’s Executive Vice President and Chief Financial Officer noted, “We had strong financial performance and working capital management during 2016, enabling us to significantly improve our leverage ratios, despite the working capital usage associated with over $900 million in organic revenue growth during the year. We appreciate the continued support and confidence of the financial institutions involved in our credit facility. The amended facility further strengthens our capital structure and liquidity, allowing us full financial flexibility to take advantage of the significant growth opportunities in the markets we serve.”

Based on the information available today, the Company is providing both first quarter and full year 2017 guidance. The Company currently estimates 2017 revenue will increase 7% to approximately $5.5 billion. 2017 full year GAAP net income is expected to approximate $188 million, with adjusted EBITDA, a non-GAAP measure, expected to increase 15% to $550 million. 2017 full year GAAP diluted earnings per share are expected to be $2.24, a 39% increase over 2016, with adjusted diluted earnings per share, a non-GAAP measure, expected to be $2.35, a 24% increase over 2016.

For the first quarter of 2017, the Company expects revenue of approximately $1.05 billion.  First quarter 2017 GAAP net income is expected to approximate $40 million, with adjusted EBITDA, a non-GAAP measure, expected to increase 132% and approximate $125 million. First quarter 2017 GAAP diluted earnings per share are expected to approximate $0.48 with adjusted diluted earnings per share, a non-GAAP measure, expected to approximate $0.51. First quarter 2017 guidance reflects expected improved Oil & Gas segment performance due to higher revenues and efficiencies, as well as improvement in the Electrical Transmission segment results.

Management will hold a conference call to discuss these results on Friday, February 24, 2017 at 9:00 a.m. Eastern time.  The call-in number for the conference call is (719) 457-2601 and the replay number is (719) 457-0820, with a pass code of 6638861.  The replay will be available for 30 days.  Additionally, the call will be broadcast live over the Internet and can be accessed and replayed through the Investors section of the Company’s website at www.mastec.com.

The following tables set forth the financial results for the periods ended December 31, 2016 and 2015:


Capstone Mining to Attend Upcoming Investor Conference

VANCOUVER, Feb. 23, 2017 /PRNewswire/ – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced that management will attend the following investor conference:

The associated presentation will be available at: http://capstonemining.com/investors/events-and-presentations/default.aspx.

About Capstone Mining Corp.
Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the responsible development of our assets and the environments in which we operate. Our three producing mines are the Pinto Valley copper mine located in Arizona, US, the Cozamin copper-silver mine in Zacatecas State, Mexico and the Minto copper mine in Yukon, Canada. In addition, Capstone has two development projects; the large scale 70% owned copper-iron Santo Domingo project in Region III, Chile, in partnership with Korea Resources Corporation, and the 100% owned Kutcho copper-zinc project in British Columbia, Canada, as well as exploration properties in Chile and US. Capstone’s strategy is to focus on the optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.

SOURCE Capstone Mining Corp.

Parnell to Report Financial Results for Fiscal Year 2016 on March 22, 2017

OVERLAND PARK, Kan., Feb. 23, 2017 (GLOBE NEWSWIRE) — Parnell Pharmaceuticals Holdings Ltd. (OTC:PARNF), a fully integrated pharmaceutical company focused on developing, manufacturing and commercializing innovative animal health solutions, announced today that it will report financial results for the full year ended December 31, 2016 on March 21, 2017 at 4:00 pm ET.
Management will host a conference call on March 22, 2017 at 8:00 am ET to discuss financial results and answer questions.  Investors and analysts can access the conference call by dialing (877) 244-6184 FREE (U.S./Canada) or (920) 663-6271 (International) and using conference ID# 78918738. A telephone replay will be available for one week following the call by dialing (855) 859-2056 FREE (U.S./domestic) and (404) 537-3406 using the conference ID# 78918738.Announcement of annual results for 2016 have been slightly delayed beyond previous year’s reporting dates to finalize the transition to the OTC Market, in conjunction with the delisting from the NASDAQ.President and CEO, Robert Joseph commented, “As previously announced, with our move to the OTC Markets, we look forward to continuing to keep our investors well informed of our business performance and making press releases for major announcements.  We are pleased with the progress we have made in making substantial cost savings as a direct result of moving from the NASDAQ to the OTC Markets.  We are also pleased to see that there appears to be a liquid market for our securities with daily trading volumes continuing to be strong.  Investors can track the share price and volumes at http://www.otcmarkets.com/stock/PARNF/quote  using the new ticker symbol PARNF.”The Company intends to file its 2016 fiscal year-end financial results on Form 20-F with the Securities and Exchange Commission as well as an accompanying press release on Form 6-K.  Both filings will also be posted on Parnell’s website prior to the call.About ParnellParnell (OTC:PARNF) is a fully integrated pharmaceutical company focused on developing, manufacturing and commercializing innovative animal health solutions. Parnell currently markets five products for companion animals and production animals in 14 countries and augments its pharmaceutical products with proprietary software platforms – FETCHTM and mySYNCH®. These innovative technology solutions are designed to enhance the quality of life and/or performance of animals, while driving customers’ operational efficiency and profitability. Parnell distinguishes itself in the industry by providing value-added solutions that position the Company as a true partner to their customers.For more information on the company and its products, please visit www.parnell.comCautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements and information within the meaning of the U.S. Private Securities Reform Act of 1995. Words such as “may,” “anticipate,” “estimate,” “expects,” “projects,” “intends,” “plans,” “develops,” “believes,” and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify forward-looking statements. Forward-looking statements represent management’s present judgment regarding future events and are subject to a number of risk and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks include, but are not limited to, risks and uncertainties regarding Parnell’s research and development activities, its ability to conduct clinical trials of product candidates and the results of such trials, as well as risks and uncertainties relating to litigation, government regulation, economic conditions, markets, products, competition, intellectual property, services and prices, key employees, future capital needs, dependence on third parties, and other factors, including those described in Parnell’s Annual Report on Form 20-F filed with the Securities and Exchange Commission, or SEC, on March 4, 2016, along with its other reports filed with the SEC. In light of these assumptions, risks, and uncertainties, the results and events discussed in any forward-looking statements contained in this press release might not occur. Investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this press release. Parnell is under no obligation, and expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise.CONTACT:

For more information, contact:

Parnell Pharmaceuticals Holdings
Robert Joseph, 913-274-2100
robert.joseph@parnell.com

Brad McCarthy, 913-274-2100
brad.mccarthy@parnell.com

IMPORTANT INOTEK INVESTOR REMINDER: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the District of Massachusetts against Inotek Pharmaceuticals Corporation

NEW YORK, Feb. 23, 2017 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP   announces  that a class action lawsuit has been filed against Inotek Pharmaceuticals Corporation (“Inotek” or the  Company”) (NASDAQ:ITEK)  in the United States District Court for the District of Massachusetts on behalf of a class consisting of all persons or entities who purchased Inotek securities between July 23, 2015 and December 30, 2016, inclusive (the “Class Period”). 
Investors who have incurred losses in shares of  Inotek Pharmaceuticals Corporation  are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.If   you   have purchased shares of  Inotek Pharmaceuticals Corporation within the class period and would like to assist with the litigation process, you may, no later than March 7, 2017, request that the Court appoint you lead plaintiff of the proposed class.The filed Complaint alleges that on July 23, 2015, Inotek announced its positive End of Phase 2 meeting with the U.S. Food and Drug Administration (“FDA”) and said that Inotek is in the “final preparation stages to commence its first Phase 3 trial in 4Q and look forward to data in 2016.” Inotek also announced a confident forecast of the Phase 3 trabodenoson trial, which caused its stock price to surge to $15.37 per share on July 23, 2015.Despite these positive announcements, it is alleged that Inotek officials were aware that part of the clinical trial of trabodenoson would not achieve its intended goal of reducing intraocular pressure compared to the placebo.On January 3, 2017, Inotek exposed this information and stated that the first pivotal Phase 3 trial of trabodenoson to treat open-angle glaucoma or ocular hypertension failed, compared to the placebo, in its endpoint of superiority in the reduction of intraocular pressure.Following this news, Inotek’s stock closed at $1.75/share, down $4.35/share, a drop of 71%.Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.If you wish to discuss this action or have any questions regarding your rights and interests in this case, please  immediately  contact  Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.## Follow the firm and learn about newly filed cases on Twitter and Facebook. ##Attorney Advertising. Prior results do not guarantee or predict a similar outcome.Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774