Heliospectra AB (HLSPY: OTCQB) | Heliospectra – "The future looks bright for the company and for plants."

STOCKHOLM, Feb 24, 2017 /PRNewswire/ —

July-December:

  • Net turnover was KSEK 13,185 (9,709) 
  • Operating profit/loss was KSEK -22,609 (-18,256), involving a negative operating margin (neg) 
  • Profit/loss after tax was KSEK -25,525 (-19,717) or SEK –1 (-1)  per share
  • Operating cash flow was KSEK -14,261 (-16,458). Total cash flow was KSEK 68,346 (11,621) 

January-December:

  • Net turnover was KSEK 23 053 (13 686) 
  • Operating profit/loss was KSEK -42,762 (-32,360) involving a negative operating margin (neg) 
  • Profit/loss after tax was KSEK -45,763 (-33,954) or SEK -1 (-2) per share 
  • Operating cash flow was KSEK -38,252 (-31,979). Total cash flow was KSEK 54,092 (12,721) 

Important events 

July – September 

  • Heliospectra receives an order from cannabis growers in Alaska. 
  • Fortune 500 global agtech company standardises using technology from Heliospectra. 

October – December 

  • Heliospectra lamps installed in advanced plant research facility. 
  • The Board of Heliospectra investigated whether the company’s equity was less than half of the company’s registered share capital by preparing a balance sheet for liquidation purposes. The Board confirmed that there was no actual capital deficiency either as of 30 September 2016, before or during the remaining time until the share issue. The conditions for continued operation could therefore not have been called into question at any time during the period. 
  • An extraordinary general meeting was held on 8 November 2016. 
  • The company’s main owner issued capital adequacy guarantees that guaranteed that equity does not at any time fall below the registered share capital. The guarantees were in force until the share issue, which was also guaranteed in full by one of the main owners. 
  • Heliospectra’s preferential share issue of approximately SEK 91 million, which was concluded on 2 December 2016, was oversubscribed. In view of the high level of demand from both new and existing shareholders, the oversubscription issue was exercised to an amount of approximately SEK 16 million. Heliospectra thus received a total of approximately SEK 107 million before share issue costs and just under 1,200 new shareholders. 
  • The company Fleurish Farms achieves success in the field of energy-efficient cannabis growing with a solution that integrates equipment that captures sunlight with Heliospectra’s technology. 

Events after the period 

  • Heliospectra appoints Ali Ahmadian as new CEO. Departing CEO Staffan Hillberg will continue to be involved as an advisor to Heliospectra. 
  • Heliospectra makes presentation on Cannabis Investor Webcast on 26 January 2017. 
  • Heliospectra number 42 in Deloitte Global’s 2016 Technology Fast 500™ EMEA List of the fastest-growing companies. 

CEO’s comments: 

Dear Heliospectra AB shareholder, 

Heliospectra continues to develop well. Turnover increased by 75% from 2015 to 2016 while there was an increase in marketing efforts and strategic product development continued. The company’s strategy to focus on three segments – agtech companies/institutions/universities, greenhouses/indoor cultivation and medicinal plants – has clearly been successful. All segments are growing strongly and Heliospectra has gained a very firm foothold in each market segment with key reference customers. Market factors are also favouring the company with increased urbanisation, demands for better and more nutritious food, significant climate change, increased automation and the increasing development of medicinal plants. The company made major investments in marketing during the year, and we expect this to have positive effects during 2017.  

As departing CEO, I can look back on amazing developments over the past seven years. I started as a part-time consultant in 2010, hired by the main owners to evaluate the market, technology and the company’s position. Even then we could confirm that Heliospectra possessed amazing competence, and with in-depth knowledge of how plants function we have learned how different kinds of lighting levels can affect plants in order to optimise taste, content, form, quality and life span, while at the same time you can replace old kinds of lamps and save large amounts of energy. Furthermore, the fact that we were working on something that was important for mankind became clearer still, as we then noted changes in the weather that were creating problems for growers. 

From the company’s beginnings in 2006 there was a vision of a hi-tech cultivation system that combined adjustable lamps with sensors and software. This formed the basis of the company’s very first patent, which was submitted in 2008 and has now been approved virtually all over the world. The original patent was then supplemented and there is now a full patent portfolio to protect Heliospectra’s technology. The company has purposefully developed the system and has now finally reached a technological milestone, as in February 2017 we held our first seminar on DLI (Daily Light Integral), in which we showed how we can automatically maintain desired light levels in the greenhouse by using sensors and software to control our lamps. To this we can connect our weather forecasts and energy prices in order to optimise energy consumption and thus bring energy savings to the system itself in addition to the direct savings generated by our lamps. The market has already highlighted the system with articles and presentations online.[1] 

Heliospectra’s position in the market and growth potential has enabled us to attract a very competent CEO who will take the company forwards. It feels reassuring for me to hand over the helm to Ali Ahmadian, and it will be exciting to monitor future developments. Ali has a background as a successful entrepreneur, after which he spent much of his life in business development, sales and international marketing at Tetra Pak. All in all, this is an ideal combination to take Heliospectra on to new successes. 

For me personally, it has been an honour to take Heliospectra to this position, and I would like to thank everyone who has been with us on the journey and supported us, but above all my employees who have done the work. The future looks bright for the company and for plants. 

Staffan Hillberg, CEO until 31 January 2017 

The full report is available at http://irheliospec.aaff.se/en/reports-downloads/

[1] http://www.hortidaily.com/article/32097/Does-your-winter-greenhouse-tomato-know-what-it-could-yield and http://bit.ly/2jtQR4R 

For further information:

CEO Ali Ahmadian,
+46 (0)722-036344,
ali.ahmadian@heliospectra.com

Chairman of the Board Andreas Gunnarsson,
+46 (0)702-040945,
andreas.gunnarsson@midroc.se

CFO Håkan Bengtsson,
+46 (0)705-558902,
hakan.bengtsson@heliospectra.com

Michael Swartz,
Senior Analyst Viridian Capital Advisors,
+1 212-3330257,
mswartz@viridianca.com

www.heliospectra.com

G&W is the company’s certified advisor – www.gwkapital.se

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/heliospectra/r/the-future-looks-bright-for-the-company-and-for-plants-,c2198870

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SOURCE Heliospectra

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IIROC Trade Resumption / L’OCRCVM permet la reprise de la negociation – AR (all issues)

TORONTO, ONTARIO–(Marketwired – Feb. 24, 2017) – Trading resumes in / Reprise des négociations pour :

Company / Société : Argonaut Gold Inc.
TSX Symbol / Symbole TSX : AR (all issues)
Resumption / Reprise : HH:MM AM ET/HH h MM (HE)
08:00am(ET) / 08h00(HE)

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

L’OCRCVM peut prendre la décision de suspendre (ou d’arrêter) temporairement les opérations à l’égard d’un titre d’une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d’assurer le bon fonctionnement d’un marché équitable. L’OCRCVM est l’organisme d’autoréglementation national qui surveille l’ensemble des courtiers en placement et l’ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.

Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only. Veuillez prendre note que l’OCRCVM n’est pas en mesure de fournir d’informations supplementaires au sujet d’une suspension des negociations en particulier. L’information est restreinte aux questions generales.

IIROC Trading Halt / Suspension de la negociation par l’OCRCVM – AXA.H

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 24, 2017) – The following issues have been halted by IIROC / L’OCRCVM a suspendu la négociation des titres suivants:

Company / Société : Axios Mobile Assets Corp.
TSX-Venture Symbol / Symbole à la Bourse de croissance TSX : AXA.H
Reason / Motif : At the Request of the Company Pending News / À la demande de la société en attendant une nouvelle
Halt Time (ET) / Heure de la suspension (HE) 7:54 am

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

L’OCRCVM peut prendre la decision d’imposer une suspension provisoire des negociations sur le titre d’une societe cotee en bourse, habituellement en prevision d’une annonce importante de la part de la societe. Les suspensions de negociations sont imposees suivant le principe que tous les investisseurs devraient avoir un acces egal et simultane a l’information importante au sujet des societes dans lesquelles ils investissent. L’OCRCVM est l’organisme d’autoreglementation national qui surveille l’ensemble des societes de courtage et l’ensemble des operations effectuees sur les marches boursiers et les marches de titres d’emprunt au Canada.

Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only. Veuillez prendre note que l’OCRCVM n’est pas en mesure de fournir d’informations supplementaires au sujet d’une suspension des negociations en particulier. L’information est restreinte aux questions generales.

Serinus Announces Closing of Offering for Gross Proceeds of CDN$25.2 Million

CALGARY, ALBERTA–(Marketwired – Feb. 24, 2017) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVES OR FOR DISSEMINATION IN THE UNITED STATES

Serinus Energy Inc. (“Serinus”, “SEN” or the “Company”) (TSX:SEN)(WARSAW:SEN) is pleased to announce the closing of its previously announced marketed offering (the “Offering”) of 72,000,000 common shares in the capital of the Company (the “Offered Shares”) at a price of CDN$0.35 per share for aggregate gross proceeds of CDN$25.2 million (the “Total Offering”). The Offering was led by GMP FirstEnergy (the “Agent”) on a “commercially reasonable efforts” agency basis.

The Company’s major shareholder Kulczyk Investments SA (“KI”) owned 39,909,606 common shares representing approximately 50.76% of the Company’s outstanding common shares prior to the completion of the Offering. KI has purchased, either directly or indirectly through its affiliates, CDN$13,542,567 of the Offering thereby increasing its ownership position to 52.18% of the Company’s outstanding common shares after giving effect to the Offering. Such participation is considered a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101. The Company did not file a material change report more than 21 days before the expected closing of the Offering as the details of the Offering and the participation therein by KI were not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.

The net proceeds of the Offering will be used by the Company to fund the development of the Moftinu Gas Plant and pre-work for the 2018 drilling program in the Satu Mare Concession in Romania, production enhancement in the Sabria block in Tunisia, and for general corporate purposes.

Jeffrey Auld, President & CEO of Serinus, states: “The closing of this financing is a significant milestone for the Company, providing the necessary capital for the company to continue forward with the Moftinu Gas Development Project in Romania as well as make production enhancement investments in our Tunisian assets. I would very much like to express my appreciation to all of our investors for their continued support as we work towards growing the value of the Company with prudent, strategic investments with the focus on enhancing shareholder value.”

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Serinus

Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.

For further information, please refer to the Serinus website (www.serinusenergy.com).

Translation: This news release has been translated into Polish from the English original.

Forward-looking Statements This release contains forward-looking information including statements regarding the use of proceeds from the Offering and expected results. The use of any of the words “target”, “plans”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Such forward-looking information is based on management’s expectations and assumptions, including that expectations and assumptions concerning the Company’s projected capital investment levels, the flexibility of capital spending plans and the associated source(s) of funding, and the ability of the Company’s drilling program to enhance production. Forward-looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: any of the assumptions on which such forward-looking information is based vary or prove to be invalid, including the availability of certain equipment and services and the Company’s access to such equipment and services, political, social, fiscal, legal and economic risks in the countries in which the Company operates, partner or counter-party risk, geological, technical, drilling and processing problems and the other risks identified in the Company’s most recent revised Annual Information Form under the “Risk Factors” section, the Company’s most recent management’s discussion and analysis, the final prospectus for the Offering and the Company’s other public disclosure, available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to take into account important factors that could cause actual costs or results to differ materially, there may be other factors that cause actual results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The forward-looking information included in this release is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES, OR IN SWITZERLAND, OR IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (THE “RELEVANT MEMBER STATE”). THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

THE SECURITIES OFFERED UNDER THE OFFERING HAVE NOT BEEN AND WILL NOT BE SUBJECT TO A PUBLIC OFFERING AS DEFINED IN DIRECTIVE 2003/71/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 4 NOVEMBER 2003 ON PROSPECTUSES TO BE PUBLISHED WHEN SECURITIES ARE OFFERED TO THE PUBLIC OR ADMITTED TO TRADING AND AMENDING DIRECTIVE 2001/34/EC, AS AMENDED (THE “PROSPECTUS DIRECTIVE”) AND AS IMPLEMENTED IN MEMBER STATES, INCLUDING POLAND.

FOR THE PURPOSES OF THIS DOCUMENT, THE EXPRESSION “A PUBLIC OFFERING” IN RELATION TO ANY SECURITIES IN ANY RELEVANT MEMBER STATE MEANS A COMMUNICATION TO A NUMBER OF PERSONS/ENTITIES NOT LESSER THAN SPECIFIED IN SUCH RELEVANT MEMBER STATE’S LEGISLATION (E.G. IN POLAND TO AT LEAST 150 PERSONS OR TO AN UNSPECIFIED ADDRESSEE), OR TO AN UNSPECIFIED ADDRESSEE IF THE RELEVANT MEMBER STATE HAS IMPLEMENTED THE RELEVANT PROVISION OF DIRECTIVE 2010/73/EU OF THE EUROPEAN PARLIAMENT AND THE COUNCIL AMENDING THE PROSPECTUS DIRECTIVE, IN ANY FORM AND BY ANY MEANS, PRESENTING SUFFICIENT INFORMATION ON THE TERMS OF THE OFFER AND THE SECURITIES TO BE OFFERED, SO AS TO ENABLE AN INVESTOR TO DECIDE TO PURCHASE OR SUBSCRIBE TO THESE SECURITIES AS THE SAME MAY BE VARIED IN THAT RELEVANT MEMBER STATE BY ANY MEASURE IMPLEMENTING THE PROSPECTUS DIRECTIVE IN THAT RELEVANT MEMBER STATE.

IIROC Trading Halt / Suspension de la negociation par l’OCRCVM – AX.DB.U

TORONTO, ONTARIO–(Marketwired – Feb. 24, 2017) – The following issues have been halted by IIROC / L’OCRCVM a suspendu la négociation des titres suivants :

Company / Société : Artis REIT
TSX Symbol / Symbole TSX : AX.DB.U
Reason / Motif : Pending News / Nouvelle en attente
Halt Time (ET) / Heure de la suspension (HE) 08 :00am(ET) HH:MM AM ET / HH h MM (HE) 08h00(HE)

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

L’OCRCVM peut prendre la décision de suspendre (ou d’arrêter) temporairement les opérations à l’égard d’un titre d’une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d’assurer le bon fonctionnement d’un marché équitable. L’OCRCVM est l’organisme d’autoréglementation national qui surveille l’ensemble des courtiers en placement et l’ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.

Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only. Veuillez prendre note que l’OCRCVM n’est pas en mesure de fournir d’informations supplementaires au sujet d’une suspension des negociations en particulier. L’information est restreinte aux questions generales.

Kootenay Zinc Corp. Announces Drilling Update on Sully Project

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 24, 2017) – Kootenay Zinc Corp. (the “Company“) (CSE:ZNK)(CSE:ZNK.CN) announces that its drilling contractor, FB Drilling of Cranbrook, B.C. has mobilized to the Sully Property and will re-commence the planned drilling program shortly.

Drill hole SY17-11 will continue to focus on the E1 Zone of the Project’s EAST Anomaly Area. This hole will test the current model of gravity data as a stratabound feature constrained by the most recent detailed structural and stratigraphic trends determined from drilling in late 2016.

Mr. Brian Jones, principal of Excel Geophysics and advisor to the Company, stated: “Every additional gravity survey at Sully has confirmed the presence of significant size masses on the property; recent gravity modeling which evaluated the complex structural trends in the local area of E1 has also maintained the inferred size while more narrowly constraining location of the target.”

The Company will also be conducting new downhole EM and Mag survey trials on holes SY16-10 and SY17-11, to expand geophysical definition of the targets and perhaps assist in defining their geometry. The project team has also developed plans for subsequent drill holes on E1 and on the larger E3 anomaly after SY17-11 is completed.

About the Company

Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative (“SEDEX“) deposits.

The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property.

The scientific and technical information contained in this news release has been reviewed and approved by the Company’s Project Manager, Paul Ransom, P.Geo., a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors

David Schmidt
President and Chief Executive Officer

Forward Looking Information

This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the Sully Property, comments regarding the timing and content of upcoming work programs, geological interpretations, costs and timing of future exploration and development, requirements for additional capital, other statements relating to the financial and business prospects of the Company. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of zinc and other metals, anticipated costs and the ability to achieve goals. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to zinc, base metal and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits; (vi) that environmental laws and regulations may become more onerous; (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. There can be no assurance that planned exploration will be completed as proposed or at all, or that economic resources will be discovered or developed at the Sully Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

RESULTADOS DEL CUARTO TRIMESTRE Y AÑO COMPLETO 2016

CIUDAD DE MÉXICO, MEXICO–(Marketwired – Feb 24, 2017) – Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF) (“Coca-Cola FEMSA” o la “Compañía”), el embotellador público más grande de productos Coca-Cola en el mundo en términos de volumen de ventas, anunció hoy sus resultados consolidados para el cuarto trimestre de 2016.

Datos relevantes del cuarto trimestre 2016

  • Los ingresos crecieron 21.6%, mientras que los ingresos comparables crecieron 3.7%.
  • La utilidad de operación creció 7.8%, mientras que en base comparable decreció 8.3%.
  • El flujo operativo creció 22.6%, sin embargo decreció 2.3% como métrica comparable.
  • La utilidad neta por acción creció 12.4% a Ps. 1.69, mientras que la utilidad neta por acción comparable se redujo en 11.1% a Ps. 1.30 en el cuarto trimestre de 2016.
    Cuarto Trimestre     Acumulado  
    Reportado     Comparable (1)     Reportado     Comparable (1)  
    2016   D%     2016   D%     2016   D%     2016   D%  
                                         
Ingresos totales   49,533   21.6 %   44,300   3.7 %   177,718   16.6 %   157,277   6.6 %
Utilidad bruta   22,388   15.9 %   20,237   1.3 %   79,662   10.6 %   72,284   4.5 %
Utilidad de operación   7,167   7.8 %   6,251   (8.3 %)   23,920   5.6 %   22,646   4.0 %
Flujo operativo (2)   10,812   22.6 %   8,685   (2.3 %)   35,495   13.6 %   30,931   4.0 %
Utilidad neta atribuible a la participación controladora   3,509   12.4 %   2,690   (11.1 %)   10,070   (1.6 %)   9,290   0.6 %
Utilidad por acción (3)   1.69         1.30         4.86         4.48      
                                         
Expresado en millones de pesos mexicanos.  
(1) Comparable: con respecto a comparaciones año con año, el cambio en una medición dada excluyendo los efectos de (i) fusiones, adquisiciones y desinversiones, (ii) efectos de traducción resultado de movimientos en el tipo de cambio y (iii) el resultado de economías hiperinflacionarias en ambos periodos. De nuestras operaciones, solamente Venezuela califica como una economía hiperinflacionaria.  
(2) Flujo Operativo = utilidad de operación + depreciación + amortización y otros cargos virtuales de operación.  
(3) Resultado trimestral/ número de acciones al cierre de periodo. El número de acciones al 4T’16 Y Acumulado fue de 2,072.9 millones.  
   

Mensaje del Director General

“Cerramos el 2016 enfocados en nuestra disciplina operativa y financiera, mientras capturamos oportunidades que nos permitieron fortalecer nuestro portafolio y consolidarnos geográficamente. Para el año, logramos entregar resultados sólidos frente a un ambiente macroeconómico complejo. En términos comparables, nuestros ingresos totales y nuestra utilidad de operación crecieron 6.6% y 4.0% respectivamente, apalancándonos en nuestra flexibilidad de precios a través de nuestros mercados.

“Nuestras transacciones continuaron superando el desempeño del volumen en la gran mayoría de nuestras operaciones, gracias a nuestro enfoque en asequibilidad, prácticas comerciales y capacidades de ruta hacia el mercado. En México, el volumen y las transacciones crecieron tanto para refrescos como para bebidas no carbonatadas, ayudando a nuestra operación a alcanzar otro año de referencia. Mientras tanto, en Centroamérica, nuestro desempeño fue impulsado por el mayor crecimiento de volumen en Costa Rica y Nicaragua en los últimos 10 años. De nuestros territorios, la división Sudamérica enfrentó los ambientes macroeconómicos y de consumo más complicados. Sin embargo, nuestra flexibilidad para adaptarnos a las condiciones locales nos han permitido mantener o ganar participación en mercados y categorías clave. Finalmente, nuestra operación en Filipinas logró un acelerado crecimiento de volúmenes y transacciones, mejorando rentabilidad, previo a su consolidación en 2017.

“Durante el año, aceleramos la transformación de nuestros modelos operativos, resaltados por la acelerada implementación de nuestra Plataforma Digital KOFmercial en México y su despliegue inicial en Brasil. Cabe resaltar que, hemos fortalecido nuestra presencia en Brasil con el cierre de la adquisición de Vonpar, reforzando nuestra posición de liderazgo en el país.

“Al entrar en un nuevo año, renovamos nuestros esfuerzos para fortalecer nuestro portafolio, implementar nuestras iniciativas de transformación y continuar nuestra evolución cultural con el fin de ofrecer un crecimiento sostenible y rentable para nuestros accionistas,” dijo John Santa Maria Director General de la Compañía.

Acerca de la compañía

Bolsa Mexicana de Valores, Clave de cotización: KOFL | NYSE (ADR), Clave de cotización: KOF | Razón de KOF L a KOF = 10:1

Coca-Cola FEMSA, S.A.B. de C.V. es el embotellador más grande del mundo por volumen de ventas. La compañía produce y distribuye bebidas de las marcas registradas de The Coca-Cola Company, ofreciendo un amplio portafolio de 154 marcas a más de 375 millones de consumidores cada día. Con más de 100 mil empleados, la empresa comercializa y vende aproximadamente 4 mil millones de cajas unidad a través de 2.8 millones de puntos de venta al año. Operando 66 plantas de manufactura y 328 centros de distribución, Coca-Cola FEMSA está comprometida a generar valor económico, social y ambiental para todos sus grupos de interés en toda la cadena de valor. La compañía es miembro del Índice de Sostenibilidad de Mercados Emergentes del Dow Jones, FTSE4Good Emerging Index, de los índices IPC y de Responsabilidad Social y Sostenibilidad de la Bolsa Mexicana de Valores, entre otros índices. Sus operaciones abarcan ciertos territorios en México, Brasil, Colombia, Argentina y Guatemala y, a nivel nacional, en Filipinas, Venezuela, Nicaragua, Costa Rica y Panamá. Para obtener más información, visite www.coca-colafemsa.com

Kona Gold Solutions, Inc. Places Order for All New Sugar Free Hemp Energy Drink

ROCKLEDGE, Fla., Feb. 24, 2017 (GLOBE NEWSWIRE) — Kona Gold Solutions, Inc. (OTC Pink:KGKG), a hemp lifestyle brand of exclusivity and status, is pleased to announce that the Company has placed their initial order for their all new sugar free hemp infused energy drink, which will be available for purchase next month.  By adding a new sugar free hemp energy drink to its product line, the Company will complement its already popular and great tasting hemp energy drinks currently available in the market.
“Kona Gold Sugar Free Hemp Energy drinks are ordered and we couldn’t be more excited,” stated Robert Clark, CEO of Kona Gold Solutions, Inc.   “Usually when a company goes sugar free, the taste of their product becomes compromised and just doesn’t taste that great.  That is not the case with our sugar free hemp energy drink.  Our team has out done themselves and have created, hands down, the best tasting sugar free energy drink available on the market today!”“Feedback from our distributors, retail locations, and partners has been very positive, highlighting that our branding really makes an impact when hitting new retail locations,” added Robert Clark.  “We have already started talks with industry leaders and partners on bringing several new and exciting products to market very soon, which will provide the company with a solid product portfolio.”Kona Gold is also in negotiations with several distributors around the country, which will allow the company to grow at a rapid pace. Kona Gold recently announced that the company has entered a distribution agreement with American Wholesale Distributors (AWD), based out of Pelham, Alabama.  American Wholesale Distributors, established in 1978, offers wholesale products to convenience stores, grocery stores, pharmacies, restaurants, ballparks, and gift shops within a 120-mile radius of Birmingham, Alabama.The Company recently announced that the Company’s Board of Directors, as well the majority shareholders have consented, to a dividend of approximately 41,296,544 of the Elev8 Brands, Inc. (OTC Pink:VATE) shares of common stock acquired by KGKG in its sale of Elev8 Hemp, LLC to Elev8 Brands, Inc. The record date will be March 31, 2017.  Kona Gold Solutions, Inc. shareholders owning common stock, as of the record date will receive 1 share of Elev8 Brands, Inc. (OTC Pink:VATE) stock for every 10 shares of Kona Gold Solutions, Inc. (OTC Pink:KGKG) owned.For more information regarding Kona Gold Solutions, please visit:https://www.facebook.com/konagoldhemp
https://twitter.com/konagoldhemp
https://www.instagram.com/konagoldhemp/
http://www.konagoldhemp.com
Kona Gold Solutions, Inc.:Kona Gold Solutions, Inc. has created Kona Gold LLC, a Delaware Corporation, which has developed a premier Hemp Infused Energy Drink, Energy shots, and Apparel; please visit the Company’s new website to view updates and new products at www.konagoldhemp.com. The Company announced it has moved its Corporate Headquarters to Rockledge, FL. Kona’s new warehouse and office space gives the Company the space needed to expand rapidly.Safe Harbor Statement:The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company’s control.  Investor Relations Contact:
investorrelations@konagoldhemp.com

Law Enforcement Technology Leader Breaks Ground on Corporate Headquarters

ALLEN, Texas, Feb. 24, 2017 /PRNewswire/ — WatchGuard Video has been figuratively breaking ground in advancing law enforcement video technology since the company was founded in 2002. The company’s in-car video systems, body cameras and evidence management software are utilized by more than a third of the law enforcement agencies across the United States and Canada. They have now literally broken ground on a $47 million corporate headquarters in Allen, Texas.

The build-to-suit project was designed by GFF Architects and will be located east of I-75 at the intersection of East Exchange and Allen Station Parkway. The facility will be constructed in two phases totaling 200,000 square feet of office and manufacturing space. Once completed, the facility will accommodate upwards of 700 employees.

Adolfson & Peterson has been tapped as the General Contractor for the first phase of the project, scheduled to open in the first quarter of 2018. Phase 1 will be a two-story, 140,000-square-foot facility at an expected investment of $37 million. The second phase will add 60,000 square feet with a $10 million investment forecast to be complete in 2022.

With the intent of attracting and retaining a talented workforce, WatchGuard’s new headquarters will include open group areas for collaboration and training, spacious outdoor recreation space, an indoor racquetball court, gym, health clinic for employees and their families, as well as, a ‘customer experience room’ that will allow demonstrations of the company’s products thru multimedia and immersive technologies.

Over the past five years, WatchGuard has experienced compounded top line growth of 23% annually due to increasing demand for the company’s in-car and body-worn video systems. With the company’s continued emphasis on research and development in the video evidence space, the projected demand for the company’s products will perpetuate the need for a highly technical workforce of engineers, sales professionals and technologically-skilled manufacturing employees.

About WatchGuard Video
WatchGuard Video is the technology pioneer and market leader for law enforcement video systems and evidence-management software. One-third of the agencies in the United States utilize WatchGuard’s proprietary solutions to capture, manage and share digital video evidence using the most durable, reliable and highest-quality American-made products including the 4RE® in-car and VISTA body camera systems.

To learn more please, visit www.watchguardvideo.com or call 1-800-605-6734.

Contact: Jaime Carlin
147808@email4pr.com
469-342-8974

SOURCE WatchGuard Video

Turtle Beach Corporation To Report Fourth Quarter And Full Year 2016 Financial Results On Wednesday, March 8, 2017

SAN DIEGO, Feb. 24, 2017 /PRNewswire/ — Turtle Beach Corporation (NASDAQ: HEAR), a leading gaming headset and audio accessory company, announced it will report financial results for the fourth quarter and full year 2016 on Wednesday, March 8, 2017.

The Company’s financial results for the period will be reported via press release after the close of regular stock market trading hours, followed by a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company’s CEO, Juergen Stark, and CFO, John Hanson.

For the conference call, please dial-in 5-10 minutes prior to the start time and an operator will register your name and organization. If you have any difficulty with the conference call, please contact Liolios at (949) 574-3860.

The conference call will be broadcast live and available for replay at http://edge.media-server.com/m/p/nrneaqtr and via the investor relations section of the Company’s website at www.turtlebeachcorp.com.

A replay of the conference call will be available after 8:00 p.m. ET on the same day through March 15, 2017.

About Turtle Beach Corporation  

Turtle Beach Corporation (http://corp.turtlebeach.com) designs innovative, market-leading audio products. Under its award-winning Turtle Beach brand (www.turtlebeach.com), the Company is the clear market share leader with its wide selection of acclaimed gaming headsets for use with Xbox One and PlayStation®4, as well as personal computers and mobile/tablet devices. Under the HyperSound brand (www.hypersound.com), the Company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and hearing healthcare. The Company’s shares are traded on the NASDAQ Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “project”, “intend” and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management’s current belief, as well as assumptions made by, and information currently available to, management.

While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to the Company’s liquidity, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the implementation of any businesses we acquire, our indebtedness, the outcome of our HyperSound strategic review process and other factors discussed in our public filings, including the risk factors included in  the Company’s most recent Annual Report on Form 10-K and the Company’s other periodic reports. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

All trademarks are the property of their respective owners.

SOURCE Turtle Beach Corporation