Global Surgical Stapling Devices Market – Drivers and Forecast from Technavio

LONDON–(BUSINESS WIRE)–Technavio analysts forecast the global surgical stapling devices market to grow to USD 3.61 billion by 2021, at a CAGR of close to 9% over the forecast period, according to their latest report.

The research study by Technavio on the global surgical stapling devices market for 2017-2021 provides detailed industry analysis based on product type (powered surgical stapling devices and manual surgical stapling devices), usage (disposable surgical stapling devices and reusable manual stapling devices), end-users (hospitals and ambulatory surgical centers), and geography (the Americas, EMEA, and APAC).

A surgical stapler is a medical device used for wound closure and thoracic and intra-abdominal resections. Hospitals are the key end-users for surgical staplers, generating over 55% of the overall market revenue. Since many numbers of surgeries take place in hospitals to treat various conditions, they create a steady demand for surgical stapling devices, thereby driving the growth of the market.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio analysts highlight the following three factors that are contributing to the growth of the global surgical stapling devices market:

  • Rising number of surgical procedures
  • Increasing preference for minimally invasive (MI) surgeries
  • Growing usage of surgical stapling devices in bariatric surgeries

Rising number of surgical procedures

There is a global increase in the incidence of chronic illnesses such as cardiovascular, orthopedic, and neurological diseases. Orthopedic diseases such as arthritis and spinal deformity and neurological disorders like dementia and epilepsy have also witnessed a significant increase. Many of these diseases require surgical intervention.

Surgeries that require excision, incision, and surgical stapling of tissue along with general or regional anesthesia are referred to as major surgeries. A maximum number of such surgeries are for the treatment of cardiac, gastrointestinal, neurology, gynecology, urology, and orthopedic conditions, which will drive the demand for surgical stapling devices,” says Barath Palada, a lead analyst at Technavio for orthopedics and medical devices research.

Increasing preference for minimally invasive (MI) surgeries

Advances in the healthcare sector have vastly improved the techniques and outcomes of many surgical procedures globally. The constantly evolving industry is shifting to minimally invasive procedures from the previously popular open surgeries to provide shorter recovery periods and lower the chance for the development of complications. MI procedures offer faster recovery, less pain, fewer post-surgery infections, reduced hospital stays, reduced incision marks, bleeding control, minimal complications, and high accuracy. The open wounds from these MI surgeries are easily closed with the help of a surgical stapler, which acts as a key driver boosting the demand for the market.

Growing usage of surgical stapling devices in bariatric surgeries

The number of bariatric surgeries or weight loss surgeries is on the rise, and the advances of surgical robotics has made the procedure very safe. This procedure is fast gaining prominence worldwide, particularly among pediatric patients with obesity, which is acting as a major driver of the surgical stapling devices market,” says Barath.

The prevalence of obesity is on the rise worldwide, which is boosting the number of bariatric surgeries. Physicians around the world are implementing MI techniques for various weight loss surgical procedures. Advanced surgical staplers with the latest technologies are widely used in the closing of bariatric surgeries.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Donlin, Recano & Company, Inc. Hires Meg Manning as Director of Business Development

NEW YORK, March 23, 2017 /PRNewswire/ -- Donlin, Recano & Company, Inc. (Donlin Recano), an AST company, announced today that Meg Manning has joined the firm as Director of Business Development. Meg is primarily focused on strengthening the company's presence in multiple markets, as well as expanding its strategic partner relationships.

"I am excited to join the Donlin Recano team," noted Manning. "Having worked in the same industry as Donlin Recano over the past decade, I know firsthand that the firm is known for its dedication to top-notch personal service to its clients. I look forward to leveraging my experience to expand Donlin Recano's relationships by driving our record of excellent client satisfaction even further."

Meg brings over 17 years of experience in complex reorganization and liquidation cases representing debtors, secured and unsecured creditors, and creditors' committees to the organization. Prior to joining Donlin Recano, Meg was Senior Director for Gavin/Solmonese LLC where she served as in-house counsel while also managing all post-confirmation trust matters appointed to the firm. She has also spoke on several panels regarding insolvency and reorganization related topics. Meg previously practiced with the law firm Klehr Harrison Harvey Branzburg LLP, where she concentrated in the areas of commercial bankruptcy and restructuring.

"Meg is a great addition to the Donlin Recano team," commented Alexander Leventhal, CEO of Donlin Recano. "Her expertise across industries and the knowledge she brings to the bankruptcy and restructuring areas of the business are an asset to our clients, as well as our organization."

Meg is active in several industry associations, including the American Bar Association, American Bankruptcy Institute and the Delaware State Bar Association. She also serves on the Board of the International Women's Insolvency & Restructuring Confederation. Meg received her Juris Doctor at the University of Baltimore School of Law.

About Donlin, Recano & Company, Inc.
Founded in 1989, Donlin Recano is a leading bankruptcy administration company that has served over 200 national clients across a broad range of industries and business sectors. Working with counsel, turnaround advisors and the affected company, Donlin Recano helps organize and guide Chapter 11 clients through required bankruptcy tasks, including provision of creditor notification, website-accessible information, formation of professional call centers, management of claims, balloting, distribution and other administrative services.

About AST
AST was originally founded as a transfer agent over 45 years ago. Through organic growth and strategic acquisitions, AST has pioneered a new model of integrated services in the industry. AST affiliates now include CST Trust Company, D.F. King & Co, Inc. and Donlin Recano. Today, AST offers a full scope of services that include registry services, corporate proxy solicitation and advisory solutions, employee plan services, information agent, mutual fund proxy solicitation, shareholder identification, asset recovery and investment management offerings.

Contact
AST | 877.814.9687 | www.astfinancial.com

SOURCE Donlin, Recano & Company, Inc.

AMC Networks International – Latin America Goes Live with SintecMedia IBMS

International broadcaster uses IBMS Content and Sales to increase operational efficiency

NEW YORK, March 23, 2017 /PRNewswire/ -- SintecMedia, the world's leading developer of media business systems, announced today that AMC Networks International – Latin America (AMCNI LA), a business unit of AMC Networks International (AMCNI) has implemented IBMS Sales and Content. AMCNI LA is dedicated to producing and distributing high-quality TV programming throughout Spanish- and Portuguese-speaking Latin America, the Caribbean and other territories.  IBMS Sales and Content was selected as the cornerstone of AMCNI LA's reorganization of broadcast operations. Replacing multiple legacy systems with an integrated BMS solution allowed AMCNI LA to execute a new content management strategy/system and operational workflow across the region.

"With IBMS we are going to be able to manage content, rights, and media with a single management tool, which was our key goal. We are replacing our legacy systems and moving all offices/facilities across the region to a common workflow," said Rodolfo Garcia Cosin Country Manager Argentina and CTO AMCNI LA.

"AMCNI LA and SintecMedia have developed a positive collaboration, which worked effectively to implement IBMS in 9 months. The implementation of IBMS will position AMCNI LA for future growth and streamlined operations. We look forward to working closely with AMCNI LA for many years," said Sandy Cusick, SintecMedia's VP Client Delivery for the Americas. IBMS is a modular end-to-end solution used by clients around the world that covers the entire spectrum of broadcast management needs including Sales and Traffic, Acquisitions, Broadcast Scheduling, On Demand, Rights Management, and Program Finance. The modules work together to form the industry's most feature-rich, enterprise-wide broadcast management solution.  With IBMS Content, media assets can be scheduled and managed across multiple linear and non-linear platforms throughout the entire broadcast lifecycle, from acquisition to post-production processing, localization and transmission, reconciliation and finance. IBMS Sales facilitates the management of the complete advertising sales lifecycle from initial brief and negotiations through final booking, traffic, post-reconciliation, and finance. The full spectrum of advertising sales activities is supported by this solution, including inventory and revenue planning, proposals and orders, preemptions, make goods, and billing. Come meet SintecMedia at our booth at NAB 2017.

About AMC Networks International – Latin America

AMC Networks International - Latin America is a business unit of AMC Networks International (AMCNI) which delivers entertaining and acclaimed programming to more than 140 countries and territories, including Africa, Asia, Europe, Latin America, and the Middle East. AMCNI consists of global brands AMC and Sundance TV, as well as popular, locally recognized channels in various programming genres.

AMCNI - Latin America is dedicated to producing and distributing high quality TV programming throughout Spanish and Portuguese speaking Latin America, the Caribbean and other territories. The Latin American portfolio of channels includes AMC, Sundance TV, El Gourmet, Más Chic, Film & Arts and Europa Europa. For more information, visit www.amcnetworkslatam.com.

About SintecMedia

SintecMedia provides business management solutions for premium media companies worldwide. More than 300 of the world's top media brands, including NBCU, CBS, ABC, AT&T, Amazon, STAR India, and Sky rely on SintecMedia to power their business management and operations. Strategically positioned where linear and digital come together, SintecMedia offers products that process more than $40 billion in advertising revenue globally. Since 2000, SintecMedia has grown to over 1300 employees in 14 offices around the world for the best-known companies in the industry. For more information, visit www.sintecmedia.com.

 

SOURCE SintecMedia

Massachusetts fraudster sentenced to 6 years for billion dollar pyramid scheme

BOSTON — The former head of a global pyramid scheme disguised as an Internet telecom company, was sentenced in federal court Wednesday to six years in prison and must also forfeit $140 million of in criminal gains.

This sentence resulted from an investigation by U.S. Immigration and Customs Enforcement (ICE) Homeland Security Investigations (HSI), the FBI, the Brazilian Federal Police, the Securities & Exchange Commission and the Commonwealth of Massachusetts.

James Merrill, 55, of Ashland, Massachusetts, was sentenced by U.S. District Court Judge Timothy S. Hillman to six years in prison and three years of supervised release. In October 2016, Merrill pleaded guilty to one count of wire fraud conspiracy and eight counts of wire fraud. He also agreed to forfeit approximately $140 million and other assets.

“Despite knowing that Telexfree was a pyramid scheme, Mr. Merrill profited for years at the expense of the hard-working individuals who invested in the fraudulent company,” said Acting U.S. Attorney William D. Weinreb. “For the hundreds of thousands of investors, here and around the world, who were taken in by the lies promoted by Mr. Merrill and Telexfree, today’s sentence provides a measure of justice. Mr. Merrill’s greed damaged the livelihoods of thousands of people who were simply struggling to make ends meet.”  

“While the harm and damage James Merrill caused by stealing more than $3 billion from innocent investors can never be repaired, his victims in more than 240 countries around the world can take some small measure of satisfaction that he is now looking at six years in federal prison and a substantial forfeiture as repayment for his crimes.” said Matthew Etre, Special Agent in Charge of Homeland Security Investigations in Boston. “HSI special agents will continue to aggressively investigate those who seek to profit by taking advantage of others.”

Between February 2012 and April 2014, Merrill was the President of TelexFree, Inc., which sold a “voice-over-internet-protocol” (VOIP) telephone service, similar to Skype, for which customers could sign up on a website maintained by TelexFree. TelexFree, however, was a pyramid scheme; all of the money TelexFree paid out came, not from sales of its product, but from new participants paying TelexFree to sign up as “promoters” for the company.

TelexFree’s website prominently featured Merrill as the leader of the company and as an experienced businessman in the telecom field. As the website advertised at various times, participants paid $1,425 or $339 to sign up with TelexFree, after which they would be paid $100 per week or $20 per week to post classified ads every day on the internet. The company couched those payments in terms of “buying back” unused VOIP packages the participants were unable to sell, but the reality was that participants were guaranteed an annual return of over 200% on their money without having to sell anything. Among other things, emails showed Merrill’s awareness that the ad-posting was intended only to ensure that people visited TelexFree’s web site as opposed to generating actual retail sale of the VOIP product. Participants spent minutes a day cutting and pasting ads into various classified ad sites provided by TelexFree, which were already saturated with thousands of ads posted by earlier participants.

Participants were also given substantial financial incentives to recruit others to join the scheme. To receive bonuses for recruiting others, in theory each participant needed to have one VOIP customer. But in reality, participants met this requirement simply by buying the product themselves and, in 97% of instances, never using it. In this way, TelexFree created the illusion that it had hundreds of thousands of legitimate VOIP customers. On paper the company sold about 12.4 million VOIP plans, but in reality it had a tiny number of legitimate customers, an even smaller number of which had actually paid money to TelexFree for the service. Overall, the nearly 2 million who participated in TelexFree made 96% of their compensation, not from selling the company’s VOIP service, but from ad-posting and recruiting others to join.

TelexFree derived only a fraction of its total revenue in a two-year period from sales of VOIP service – approximately 2%. The remaining 98% came from new people buying into the scheme. TelexFree could only pay the returns it had promised to its existing promoters by bringing in money from newly-recruited promoters.

Beginning in late 2012, involvement in TelexFree spread rapidly, and by April 2014, well over a million people worldwide had signed up with the company. This included over 20,000 people in Worcester, Mass. alone, and thousands more in Boston, Framingham, Chelsea and other communities statewide. Meanwhile, beginning in 2013, Merrill received increasingly frequent warnings that the company was a pyramid scheme. Beginning in August 2013, Merrill began to take steps to change how the company did business, but Merrill never alerted the public, even though over a million people signed up for TelexFree between that month and TelexFree’s collapse.

In December 2013, Merrill wired himself and two co-conspirators a total of $10 million from TelexFree accounts. On April 14, 2014, Telexfree filed for bankruptcy, at which point it owed approximately $6 billion to its participants, while having only about $120 million on hand (about 2% of what it owed). At that point, approximately 1,855,000 participants worldwide lost money in the scheme, with total losses of about $3,045,000,000. Overall, these victims came primarily from the United States (all 50 states), Brazil, China, Portugal, Peru, other Central and South American nations, Italy, and Russia, with smaller victim populations in dozens of other countries.

Assistant U.S. Attorneys Andrew E. Lelling and Neil J. Gallagher, Jr., of Weinreb’s Economic Crimes Unit are prosecuting the case.

Northern Abitibi Announces Results of Annual & Special Meeting

CALGARY, ALBERTA–(Marketwired – March 23, 2017) – Northern Abitibi Mining Corp. (TSX VENTURE:NAI) („Northern Abitibi”) is pleased to report that at its Annual & Special Meeting, held on March 23, 2017, Shane Ebert, Jean-Pierre Jutras, Doug Cageorge and Lesley Hayes were re-elected to the Board of Directors.

Shareholders also approved fixing the number of directors at four, the appointment of BDO Canada LLP as Auditors and ratified the Corporation’s stock option plan. Up to a 5:1 share consolidation and name change from Northern Abitibi to „CANEX Metals Inc.” was also approved.

Northern Abitibi intends to consolidate its issued and outstanding common shares on the basis of 5 pre-consolidated shares for one post-consolidated share. Management believes that the Consolidation and Name Change are necessary in order to provide the Corporation with a share structure that will better attract new equity investment in the Corporation and help to reduce the shareholder transaction costs.

As of the date hereof Northern Abitibi has 107,309,126 common shares issued and outstanding. After giving effect to the proposed Consolidation, the Corporation will have approximately 21,461,825 common shares issued and outstanding. The Corporation’s outstanding stock options and warrants will also be adjusted accordingly. No fractional post-Consolidation shares will be issued and all fractional shares resulting from the Consolidation will be rounded down to the nearest whole number with no cash consideration being paid in respect of fraction shares.

The Consolidation and Name Change remains subject to the approval of the TSX Venture Exchange.

Shane Ebert, President/Director

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as „expects”, „projects”, „plans”, „anticipates” and similar expressions, are forward-looking information that represents management of Northern Abitibi’s internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi’s filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.

DEINOVE DISPOSE DÉSORMAIS D’UN CATALOGUE D’EXTRAITS ACTIFS QUALIFIÉS POUR DES APPLICATIONS EN COSMÉTIQUE

MONTPELLIER, France–(BUSINESS WIRE)–Regulatory News:

DEINOVE (Paris:ALDEI) (Alternext Paris : ALDEI), société de biotechnologie qui découvre, développe et produit des composés à haute valeur ajoutée à partir de bactéries rares, notamment du genre Déinocoque, annonce avoir franchi une nouvelle étape dans la structuration de ses activités cosmétiques et disposer désormais d’un catalogue de souches aux propriétés confirmées.

DEINOVE a engagé en 2016 un vaste programme de criblage de sa collection bactérienne afin d’identifier des souches présentant des activités intéressantes et valorisables dans des applications cosmétiques, principalement dans les soins de la peau. Une sélection de 430 souches sauvages a ainsi été criblée par le laboratoire Fluofarma, spécialisé dans les tests cellulaires visant à évaluer l’effet de composés dans différentes applications et notamment en cosmétique.

Les opérations de criblage in vitro ont permis d’identifier avec succès plusieurs dizaines de souches aux propriétés valorisables en cosmétique, ou en nutrition et santé :

  • Des propriétés anti-oxydantes, pour une action anti-âge, fermeté ou anti-UV par exemple,
  • Des propriétés anti-inflammatoires, notamment pour un effet apaisant (pour les peaux sensibles, irritées, ou en cosmétique post-opératoire),
  • Des propriétés cicatrisantes pour les peaux abîmées ou endommagées, pour des applications post-opératoires, pour des actions réparatrices, anti-âge,
  • Une activité sur la lipolyse pour une action amincissante, anticellulite,
  • Une action sur le stockage lipidique qui peut être exploitée pour un effet repulpant et hydratant, etc.

« Ces résultats sont un socle solide pour le développement de nos activités, dans un premier temps dans la cosmétique, peau et cheveux. Ils ont été obtenus grâce au travail réalisé par nos équipes et à notre collaboration avec Fluofarma, un laboratoire expert dans le screening in vitro. Comme nous le pressentions, notre souchier renferme un potentiel exceptionnel. Cela est maintenant pleinement confirmé et nous disposons désormais d’un catalogue de souches aux propriétés identifiées et variées pour alimenter les discussions en cours et ouvrir de nouvelles opportunités de collaboration avec des industriels du secteur, » déclare Emmanuel PETIOT, Directeur général de DEINOVE.

À PROPOS DE DEINOVE

DEINOVE (Alternext Paris : ALDEI) est une société de biotechnologie qui découvre, développe et produit des composés d’intérêt industriel issus de microorganismes rares pour les secteurs de la santé, de la nutrition et de la cosmétique.

Ces modes de production inédits constituent une alternative durable et compétitive.

Pour cela, DEINOVE s’appuie sur deux atouts clés :

  • Un souchier unique au monde de 6 000 bactéries rares et encore inexploitées, principalement du genre Deinococcus ;
  • Une plateforme d’ingénierie génétique, métabolique et fermentaire propriétaire qui lui permet de transformer à façon ces micro-usines naturelles en nouveaux standards industriels.

Basée à Montpellier, DEINOVE emploie environ 50 collaborateurs et a déposé près de 160 brevets à l’international. La Société est cotée sur Alternext depuis avril 2010.

Membre de l’indice EnterNext© PEA-PME 150

DEINOVE Now Has a Catalog of Active Extracts Identified for Cosmetic Applications

MONTPELLIER, France–(BUSINESS WIRE)–Regulatory News:

DEINOVE (Paris:ALDEI) (Alternext Paris: ALDEI), a biotech company that discovers, develops and produces high-value compounds from rare bacteria, notably from the Deinococcus genus, announced that it has reached a new stage in the structuring of its cosmetics activity and now has a catalog of strains with confirmed properties.

DEINOVE undertook in 2016 extensive screening program of its bacterial collection to identify strains displaying properties considered useful for cosmetic applications, mainly in skin care. A selection of 430 wild-type strains was screened by the Fluofarma laboratory, specializing in cell-based assays, to assess the effect of compounds in various applications and especially in cosmetics.

In vitro screening tests helped to identify successfully dozens of strains with sought-after properties in cosmetics, nutrition, and health:

  • Antioxidant properties, for anti-aging, firmness or anti-UV, for example;
  • Anti-inflammatory, especially for a soothing effect (for sensitive or irritated skin, or for post-operative skin care);
  • Healing properties for damaged or photo-damaged skin, post-operative applications, repair, anti-aging;
  • Activity on lipolysis for slimming, anti-cellulite;
  • Action on lipid storage that can be exploited for a plumping and moisturizing effect, etc.

„These results are a solid foundation for the development of our activities, initially in cosmetics, skin and hair. They were obtained thanks to the work of our teams and our collaboration with Fluofarma, an expert laboratory in in vitro screening. As we foresaw, our strain bank has exceptional potential. This is now fully confirmed and we have a catalog of strains with various and identified properties to fuel the ongoing discussions and open up new opportunities with the industrial stakeholders,” said Emmanuel PETIOT, CEO of DEINOVE.

ABOUT DEINOVE

DEINOVE (Alternext Paris: ALDEI) is a biotech company that discovers, develops and produces compounds with industrial value from rare microorganisms, for the healthcare, nutrition and cosmetics markets.

These innovative production methods represent a sustainable and competitive alternative.

For this, DEINOVE relies on two key assets:

  • A unique strain bank with 6,000 rare bacteria that have not yet been exploited, mainly of the Deinococcus genus;
  • A genetic, metabolic and fermentation engineering platform that enables them to customize these natural micro-factories, transforming them into new industry standards.

Based in Montpellier, DEINOVE employs approximately 50 employees and has nearly 160 international patent applications. The Company has been listed on Alternext since April 2010.

Cost is the #1 Reason Students Forgo First-Choice Colleges

WASHINGTON, March 23, 2017 /PRNewswire/ — The most common reason that admitted students—regardless of family income, SAT score, and minority status—forgo first-choice colleges is the cost of attendance, according to a survey released today by Royall & Company, a division of EAB. 

Eleven percent of respondents in the survey said „no” to their first-choice school.  The leading cause that students cited was cost; nineteen percent pointed to cost of attendance while just nine percent of students cited campus environment, the next most common reason. 

Moreover, when cost of attendance is combined with other price-related considerations (perceived value, financial aid, merit-based scholarships) that students cited to explain their decision not to attend their first-choice college, the number jumps to 40 percent of students citing cost-related reasons for forgoing their first-choice school.

„The survey findings suggest that, in many cases, students choose less prestigious schools for reasons related to cost,” said Peter Farrell, managing director at Royall & Company.  „These results affirm a suspicion that many enrollment professionals have had since the Great Recession—that cost is a driving factor in students’ college decision-making.”

Even students from high-income families cited cost as a reason to turn down their first-choice school.  Forty percent of students from families with the highest incomes—families who are expected to contribute more than $40,000 for one year of college—said cost-related reasons were the top factor in their decision not to attend their first-choice college.  Campus environment, the next most common reason students in this income category gave for forgoing a first-choice college, swayed just 11 percent of students.   

The trend holds true when controlling for SAT score and minority status as well.  Forty-two percent of students with SAT scores greater than 1,200 opted out of their first-choice school because of cost-related reasons and 39 percent of students with SAT scores below 1,200 forwent their first-choice school for cost-related reasons.  Similarly, 43 percent of minority students forwent their first-choice school for cost-related reasons, and 39 percent of non-minority students said they opted out of their first-choice school for cost-related reasons.   

One possible reason so many students are deterred from their first-choice college by cost: Thirty percent of students found a school more expensive than expected, and almost half of those students decided not to go to that school for cost-related reasons.

Communicating „Return on Education”

„While cost is a primary driver of college choice for students, it is also a variable that is really hard for colleges and universities to address, in light of shrinking state budgets and the increasing number of postsecondary students who require intense support to succeed,” Farrell continued.  „So instead, many colleges and universities are focused on communicating why their institution is worth the cost, along with why it’s a student’s best fit and how it’s different than other institutions.”

Luther College in Iowa, a private liberal arts school in the Midwest, is overcoming that challenge by focusing its communications on post-graduate outcomes, including a 99.4% employment rate, high average alumni salaries, and specific alumni success stories—not its bucolic setting.

„It is our top priority to make sure students know what they should expect to get out of a Luther College education,” said Scot Schaeffer, vice president for enrollment management at Luther College.  „And the results we’ve seen prove that prospective students are extremely interested in outcomes.  We continue to highlight students’ career success in our communications and on our website and are proud to report an 11 percent increase in applications over last year.”  

This analysis came from 6,121 students who chose to forgo their first-choice college, which is a subset of a larger Royall & Company survey that reflects input from 54,810 students who were admitted to the class of 2016 at one of 92 member institutions.  The vast majority of institutions that participated in the survey are not highly-selective.  The findings related to family income and college decision making are based on an analysis of a further subset of the sample (1,104 students) for whom financial aid information was available.  

For more information on the factors that influence how students choose schools, visit the Royall & Company Enrollment Blog.

About Royall & Company
Royall & Company is a division of EAB focused on best practices for higher education enrollment management and alumni fundraising.  Royall & Company leverages proprietary data and insights to help schools optimize enrollment and annual giving revenue, so those schools can continue to meet their mission of supporting life-long student success.  For more information, visit www.Royall.com.

 

SOURCE The Advisory Board Company

QuickLogic Corporation Announces Pricing of $15.0 Million Public Offering of Common Stock

/EINPresswire.com/ — SUNNYVALE, CA–(Marketwired – Mar 23, 2017) – QuickLogic Corporation (NASDAQ: QUIK) („QUIK” or the „Company”), a developer of ultra-low power programmable sensor processing, embedded FPGA IP, display bridge and programmable logic solutions, today announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of its common stock at a public offering price of $1.50 per share. As part of the offering the Company granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock on the same terms and conditions to cover over-allotments, if any. All shares of common stock to be sold in the offering were offered by the Company.

The Company expects to close the offering on or about March 28, 2017, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for working capital, to accelerate the development of next generation products and for general corporate purposes. The Company may also use a portion of the net proceeds to acquire and/or license technologies and acquire and/or invest in businesses when the opportunity arises; however, the Company currently has no commitments or agreements and is not involved in any negotiations with respect to any such transactions.

Craig-Hallum Capital Group is acting as the sole book-running manager for the proposed offering. The Benchmark Company is acting as a co-manager for the proposed offering.

A shelf registration statement on Form S-3 (File No. 333-215030) relating to the shares of common stock being offered has been declared effective by the Securities and Exchange Commission („SEC”). This offering may only be made by means of a prospectus supplement and the accompanying prospectus. The preliminary prospectus supplement related to the offering was filed with the SEC on March 20, 2017. The final prospectus supplement and accompanying prospectus will be filed with the SEC and, when available, may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov; from Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, by telephone at 612-334-6300, or by email at prospectus@chlm.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in this offering. There shall not be any sale of these securities in any state or jurisdiction in which such offering, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About QuickLogic
QuickLogic Corporation (NASDAQ: QUIK) enables OEMs to maximize battery life for highly differentiated, immersive user experiences with Smartphone, Wearable and IoT devices. QuickLogic delivers these benefits through industry leading ultra-low power customer programmable SoC semiconductor solutions, embedded software, and algorithms for always-on voice and sensor processing. The Company’s embedded FPGA initiative also enables SoC designers to easily implement post production changes, and increase revenue by providing hardware programmability to their end customers. For more information about QuickLogic, visit www.quicklogic.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains statements that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements regarding, but not limited to, the anticipated closing of the offering and the expected uses of the proceeds from the offering. Forward-looking statements can be identified by the use of words such as „may,” „will,” „plan,” „should,” „expect,” „anticipate,” „estimate,” „continue” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, including market conditions and future decisions regarding the Company’s use of cash resources, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading „Disclosure Regarding Forward-Looking Statements” and „Risk Factors” in the Company’s Annual Reports on Form 10-K, as may be supplemented or amended by the Company’s Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.

QUIK-E

Cost is the #1 Reason Students Forgo First-Choice Colleges

Even students from families with high incomes forgo first-choice colleges because of cost

WASHINGTON, March 23, 2017 /PRNewswire/ -- The most common reason that admitted students—regardless of family income, SAT score, and minority status—forgo first-choice colleges is the cost of attendance, according to a survey released today by Royall & Company, a division of EAB. 

Eleven percent of respondents in the survey said "no" to their first-choice school.  The leading cause that students cited was cost; nineteen percent pointed to cost of attendance while just nine percent of students cited campus environment, the next most common reason. 

Moreover, when cost of attendance is combined with other price-related considerations (perceived value, financial aid, merit-based scholarships) that students cited to explain their decision not to attend their first-choice college, the number jumps to 40 percent of students citing cost-related reasons for forgoing their first-choice school.

"The survey findings suggest that, in many cases, students choose less prestigious schools for reasons related to cost," said Peter Farrell, managing director at Royall & Company.  "These results affirm a suspicion that many enrollment professionals have had since the Great Recession—that cost is a driving factor in students' college decision-making."

Even students from high-income families cited cost as a reason to turn down their first-choice school.  Forty percent of students from families with the highest incomes—families who are expected to contribute more than $40,000 for one year of college—said cost-related reasons were the top factor in their decision not to attend their first-choice college.  Campus environment, the next most common reason students in this income category gave for forgoing a first-choice college, swayed just 11 percent of students.   

The trend holds true when controlling for SAT score and minority status as well.  Forty-two percent of students with SAT scores greater than 1,200 opted out of their first-choice school because of cost-related reasons and 39 percent of students with SAT scores below 1,200 forwent their first-choice school for cost-related reasons.  Similarly, 43 percent of minority students forwent their first-choice school for cost-related reasons, and 39 percent of non-minority students said they opted out of their first-choice school for cost-related reasons.   

One possible reason so many students are deterred from their first-choice college by cost: Thirty percent of students found a school more expensive than expected, and almost half of those students decided not to go to that school for cost-related reasons.

Communicating "Return on Education"

"While cost is a primary driver of college choice for students, it is also a variable that is really hard for colleges and universities to address, in light of shrinking state budgets and the increasing number of postsecondary students who require intense support to succeed," Farrell continued.  "So instead, many colleges and universities are focused on communicating why their institution is worth the cost, along with why it's a student's best fit and how it's different than other institutions."

Luther College in Iowa, a private liberal arts school in the Midwest, is overcoming that challenge by focusing its communications on post-graduate outcomes, including a 99.4% employment rate, high average alumni salaries, and specific alumni success stories—not its bucolic setting.

"It is our top priority to make sure students know what they should expect to get out of a Luther College education," said Scot Schaeffer, vice president for enrollment management at Luther College.  "And the results we've seen prove that prospective students are extremely interested in outcomes.  We continue to highlight students' career success in our communications and on our website and are proud to report an 11 percent increase in applications over last year."  

This analysis came from 6,121 students who chose to forgo their first-choice college, which is a subset of a larger Royall & Company survey that reflects input from 54,810 students who were admitted to the class of 2016 at one of 92 member institutions.  The vast majority of institutions that participated in the survey are not highly-selective.  The findings related to family income and college decision making are based on an analysis of a further subset of the sample (1,104 students) for whom financial aid information was available.  

For more information on the factors that influence how students choose schools, visit the Royall & Company Enrollment Blog.

About Royall & Company
Royall & Company is a division of EAB focused on best practices for higher education enrollment management and alumni fundraising.  Royall & Company leverages proprietary data and insights to help schools optimize enrollment and annual giving revenue, so those schools can continue to meet their mission of supporting life-long student success.  For more information, visit www.Royall.com.

 

SOURCE The Advisory Board Company