Helicopter Tour Returns: Huangling Turns into a Golden Field of Seasonal Wonder as Spring Arrives

HUANGLING, China, Feb. 24, 2017 /PRNewswire/ — Visitors to the exquisite Chinese countryside village of Huangling in Wuyuan County, Jiangxi Province are in for an extra-special treat this year as its famous rapeseed flower has bloomed 20 days early.

Spring weather has arrived earlier than expected in the Year of Rooster, so the rapeseed flowers that usually blossom in late March are already in full swing. Lucky tourists who began planning early this year are given a start to soak up the spectacular scenery and enjoy a peaceful retreat in one of the most beautiful landscapes in the country.

Huangling’s amazing rapeseed flower terraces and unique architectural style make it a popular destination for travelers seeking an authentic rural China experience. Against the sublime backdrop of towering green mountains, the terraced rapeseed fields are a truly magnificent sight to behold. Visitors are already rushing into Huangling to take in this annual spectacle before it is too late.

To help tourists make the most of the seasonal scenic treat, Huangling has brought back helicopter rides back again, a successful program first launched in 2016. These trips fly by the ocean of flowers and above the black and white Hui-style houses in Huangling, offering a unique birds’ eye view of the village.

Another excellent option for those hoping to explore more of Huangling is to take the cable car up to the mountaintop. Upon arrival, visitors can experience the elegant and beautifully preserved Chinese Hui-style architecture. Wandering through the rustic stone paths, visitors can get a glimpse of what daily life might have been like when people first settled down in the mountains hundreds of years ago along rapeseed terraces.

“We have brought the helicopter tour back for visitors to experience the sensational golden sea of rapeseed flower blossoms as well as Huangling’s iconic ‘shaiqiu,’mid-air crop drying, and Hui-style houses,” said Wu Xiangyang, CEO of Wuyuan Rural Culture Development Co., Ltd.,” We hope our visitors will enjoy the blessed natural landscapes and culture heritages from a different perspective.”

About Huangling

Located in Wuyuan County, Jiangxi Province, China, Huangling attracts visitors from all over the world. The quaint and elegant village has preserved and maintained its ancient Hui-style architecture and offers an authentic Chinese countryside travel experience. Praised as the most beautiful countryside in China, the unique view of shaiqiu can only be found in Huangling, where baskets of colorful harvest bask in the sunshine.

SOURCE Wuyuan Rural Culture Development Co., Ltd.

Face of Defense: Navy Corpsman Steps Closer to Life’s Goal

PORTSMOUTH, Va., Feb. 24, 2017 — The naval medical center here will soon be losing the leading petty officer of the ambulatory surgery center.

And, although it’s a loss to the center, it’s a gain for the U.S. Navy’s Nurse Corps.

Navy Petty Officer 2nd Class Sutarto Soeng, a hospital corpsman, was informed Jan. 30 that his name was on the list for the Medical Enlisted Commissioning Program, and he will receive the opportunity to achieve one of his lifelong dreams — to become a Navy nurse.

“It was an incredible feeling to hear the news that I was selected this year,” Soeng said. “I have wanted to have the chance to help people since I was a boy.”

Fisherman’s Son

Soeng grew up as a fisherman’s son in the small village of Bangka, Sumatra in Indonesia. For his family and community, medical care was not readily available. Some of his own family members have been affected by or have passed away from ailments that could have been treated or managed if they were caught early enough by a health care provider.

“It is very tough to live in small developing countries and seeing people like my grandmother and grandfather pass away from diseases that could have easily been treated,” Soeng said. “We were lucky to have a missionary nurse come to town and help during the time my sister was stricken with malaria.”

Soeng credits seeing the impact that one nurse can have on a community with inspiring him to work towards a career in helping others.

“It was very amazing seeing that one person get out there, I mean really get out there and help others, and even save my sister,” Soeng said. “At that time, my mother told us that the nurse is someone we should want to be like when we get older.”

When he was old enough to attend college, Soeng’s family could not afford to send him to a medical school. He was instead offered a scholarship to earn a degree in computer programming.

In 2004, Soeng was able to see another example of people caring for others.

Tsunami Strikes

“I still remember the day after Christmas that year when a tsunami hit the islands and caused absolute chaos,” Soeng said. “We may not have been directly affected, but we definitely felt and saw the impact, and had many family members that were affected.”

The 2004 tsunami, the result of an Indian Ocean earthquake with a magnitude of nearly 9.3, had waves that were estimated to be more than 100 feet tall. The disaster caused the death of approximately 260,000 people in 14 countries.

“Unfortunately a lot of people died during this event, but a lot of people are living thanks to the efforts of all the people that came to help,” Soeng said. “It was especially amazing to see the response by the U.S. Navy and all the men and women that came to help.”

In response to the disaster, many nations provided humanitarian aid, and among the responders were the USNS Mercy and its crew.

“It was all over the news when the Navy showed up to help and everyone was so thankful,” Soeng said. “I even remember telling my mother that I wanted to be one of those medical people for the Navy and she kind of joked about not being able to, considering our social and economic situation.”

The first doorway to his goal opened in 2005 when his family joined his sister in America.

“It was great to be here, but my degree was from another country and my English was not so good so I really needed to start from the bottom again,” Soeng said.

When arriving in the United States, he started working as a cook and dishwasher.

“My goal was to save money and get better at speaking English,” Soeng said. “After a few years, my brother-in-law talked to me and encouraged me to look at joining the military.”

Joining the Navy

Soeng enlisted in the Navy in 2010 as a hospital corpsman with hopes of getting his citizenship and obtaining his goal of working in the medical field. He went to HM “A” School and then to “C” school to earn his surgical technician Navy Enlisted Classification. His first assignment was in Bremerton, Washington.

“My first command was great, and the leadership was very encouraging,” Soeng said. “It was there that I learned about MECP, but I was busy learning my job and expanding my family with a new child.”

After finishing a two-year assignment in Washington, he was transferred to NMCP where he was assigned to the main operating room. He spent the first two years at NMCP working the weekend shift while attending school at Tidewater Community College during the weekdays he had off.

This is the second time he submitted for the program, and he credits his wife and family as well as his leadership on both the officer and enlisted side for the encouragement to keep going and stay in the Navy pursuing his dream.

After receiving his official orders, Soeng will attend Old Dominion University to earn his nursing degree and will then be commissioned into the U.S. Navy Nurse Corps.

“I have had to start over a lot throughout my life and it has been very rough, but I never gave up,” Soeng said. “I received a lot of encouragement along the way and I would like to encourage anyone that has a dream, no matter what it may be, to be consistent and never give up.”

Global Power Reports on Delay in Schedule for Financial Reporting

IRVING, Texas, Feb. 24, 2017 (GLOBE NEWSWIRE) — Global Power Equipment Group Inc. (OTC:GLPW) (“Global Power” or the “Company”) reported today that, after consultation with its auditors, it has determined that its Mechanical Solutions and Electrical Solutions segments do not meet the required criteria to be aggregated into the Product Solutions reportable segment. 
The Company will be reporting the following three segments: Services focuses on providing nuclear maintenance, construction and specialty services to the nuclear utility industry and also provides maintenance, modification and construction services to the industrial market, pulp and paper, and fossil fuel utility businesses. 

TGS y Schlumberger anuncian nuevo programa de reconstrucción de imágenes multicliente multiazimutal y de azimut amplio, en la región del Golfo de México del centro de los EE. UU.

ASKER, Noruega, Feb. 24, 2017 (GLOBE NEWSWIRE) — TGS-NOPEC Geophysical Company (TGS) y Schlumberger anunciaron hoy un nuevo programa de reconstrucción de imágenes multicliente multiazimutal y de azimut amplio (multi- and wide-azimuth, M-WAZ) en la región de alto potencial del Golfo de México del área central de los EE. UU. Se prevé obtener los resultados finales a comienzos de 2018, antes de un período en el que se espera una sustancial entrega de bloques.
Para ver el adjunto que acompaña este comunicado de prensa, visite http://www.globenewswire.com/NewsRoom/AttachmentNg/7b0f11ce-44a6-4f44-83db-5ce04798f826El nuevo programa de reconstrucción de imágenes Fusion M-WAZ incluye datos de más de 1.000 bloques de la plataforma continental externa (Outer Continental Shelf, OCS) (~23 000 km2) de programas WAZ 3D previamente adquiridos por TGS y Schlumberger con el sistema sísmico marino de receptor puntual WesternGeco Q-Marine* entre 2008 y 2012. Este amplio programa de reconstrucción de imágenes procesará los datos de las zonas de Mississippi Canyon, Atwater Valley y Ewing Bank mediante la última tecnología de imágenes, para brindar una mejora significativa en la calidad de la información para las próximas rondas de otorgamiento de licencias. Se prevé que el área siga siendo de gran prioridad para las compañías de Energía y Petróleo (Energy and Petroleum, E&P) en el futuro cercano y se beneficiará con dos rondas de otorgamiento de licencias por año durante los próximos cinco años en virtud del nuevo programa BOEM 2017-2022 de cinco años.“Esta región de alto potencial es un área clave para TGS y Schlumberger, donde tenemos una estrecha relación con los clientes que siguen exigiendo los mejores datos para respaldar sus actividades de exploración y perforación”, afirmó Kristian Johansen, director ejecutivo de TGS. “Tenemos una sólida trayectoria de agregar valor a grupos de datos existentes a través del reprocesamiento con la última tecnología. Históricamente, Fusion es el proyecto de reprocesamiento de azimut amplio más importante realizado por TGS en colaboración con Schlumberger”.Maurice Nessim, presidente de WesternGeco, Schlumberger, agregó: “Esta colaboración de reconstrucción de imágenes combina el uso de la última tecnología en este campo con las mediciones de Q-Marine de alta calidad y un amplio conocimiento geofísico y geológico de esta área tan prolífica. Los clientes han mostrado mucho interés y estamos seguros de que este proyecto les brindará una ventaja competitiva en las próximas rondas de arrendamiento y antes del gran volumen de entrega de bloques”.El flujo de trabajo de procesamiento personalizado para este proyecto incluirá una serie de tecnologías de imágenes recién desarrolladas, incluida la eliminación de imagen fantasma en 3D WAZ; eliminación de múltiples relacionados con la superficie en 3D (surface related multiple elimination, SRME); migración de tiempo inverso (reverse time migration, RTM) de offset común (common offset RTM, COR) y tomografía por imágenes; además de modelado de velocidad de anisotropía ortorrómbica. Durante el reprocesamiento, los geocientíficos actualizarán la interpretación de la sal y agregarán sus aportes de los últimos datos publicados para el área.El programa de reconstrucción de imágenes es financiado por la industria. En el 2017 estarán disponibles los datos agilizados para la evaluación de ofertas de rondas de arrendamientos.Acerca de las compañíasTGS-NOPEC Geophysical Company (TGS) proporciona datos de geociencia de múltiples clientes a las compañías de exploración y producción de gas y petróleo en todo el mundo. Además de las amplias bibliotecas de datos geológicos y geofísicos globales que incluyen datos sísmicos de múltiples clientes, datos sobre magnetismo y gravedad, registros de pozos digitales, encuestas direccionales y de datos de producción, TGS también ofrece servicios de imágenes y procesamiento avanzados, productos de interpretación y soluciones de integración de datos.Para obtener más información, visite TGS en línea en www.tgs.com.Schlumberger es el proveedor líder de tecnología para caracterización de reservas, perforaciones, producción y procesamiento para la industria del petróleo y el gas en todo el mundo. Schlumberger trabaja en más de 85 países y tiene aproximadamente 100.000 empleados que representan más de 140 nacionalidades, y provee el rango de productos y servicios más integral de la industria, desde la exploración hasta la producción, y soluciones integradas “del poro al oleoducto” que optimizan la recuperación de hidrocarburos y logran el rendimiento de la reserva.Schlumberger Limited tiene sus oficinas principales en París, Houston, Londres y La Haya, y sus ingresos informados fueron de 27.810 millones de USD en 2016. Para obtener más información, visite www.slb.com.*Marca de SchlumbergerDeclaraciones a futuroLas declaraciones contenidas en este documento que no son declaraciones de hechos históricos son declaraciones a futuro, sujetas a distintos riesgos, incertidumbres y suposiciones difíciles de predecir, y se basan en suposiciones respecto de eventos futuros que tal vez no sean precisas. Estos factores incluyen la dependencia de TGS de una industria cíclica y clientes principales, la capacidad de TGS de expandir los mercados para licencia de datos, y la capacidad de TGS de adquirir y procesar productos de datos a costos coherentes con la rentabilidad. Los resultados reales pueden diferir sustancialmente de los esperados o proyectados en las declaraciones a futuro. Estas declaraciones a futuro son válidas sólo a la fecha de este comunicado de prensa. Ni TGS ni Schlumberger asumen responsabilidad u obligación alguna de actualizar o alterar estas declaraciones, por ningún motivo.TGS-NOPEC Geophysical Company ASA cotiza en la Bolsa de Valores de Oslo (OSLO:TGS).TGS patrocinó el comercio de Acciones de depósito americanas en el mercado de productos extrabursátiles de EE. UU., bajo el símbolo “TGSGY”.Para obtener más información, comuníquese con las siguientes personas:

Solera National Bank Announces Termination of Formal Agreement

LAKEWOOD, Colo., Feb. 24, 2017 (GLOBE NEWSWIRE) — Solera National Bancorp, Inc. (OTC:SLRK), the holding company for Solera National Bank (the “Bank”), a business-focused bank primarily serving the Denver metropolitan area, announced today that the Formal Agreement entered into on November 18, 2014 with the Office of the Comptroller of the Currency (“OCC”), the Bank’s primary regulator, has been lifted.  Board and management have improved the policies, procedures and practices and the Bank is operating in a safe and sound manner. 
“We are pleased that the Board, management and staff’s significant efforts over the last two years have resulted in a substantially stronger Solera National Bank.  These efforts have now formally been recognized by the OCC.  We look forward to continuing to generate profits for our shareholders, excellent service for our clients, and a rewarding workplace for our team,” commented Martin P. May, President and Chief Executive Officer.“We’d like to thank our shareholders and our Board of Directors for their perseverance and support as we transitioned to a new era for Solera.  With nine consecutive profitable quarters, a 60% increase in our stock price and now the lifting of this agreement, we are poised for solid growth and we have the capital and the team to do it,” said Michael Quagliano, Chairman of the Board. About Solera National Bancorp, Inc.
Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve as the holding company for Solera National Bank, which opened for business in September 2007.  Solera National Bank is a community bank serving emerging businesses primarily in the Front Range of Colorado.  At the core of Solera National Bank is welcoming, inclusive and respectful customer service, a focus on supporting a growing and diverse Colorado economy, and a passion to serve our community through service, education and volunteerism. For more information, please visit http://www.SoleraBank.com.
Contact:
Martin P. May, President & CEO (303) 937-6422
-or-
Melissa K. Larkin, EVP & CFO (303) 937-6423

TGS e Schlumberger anunciam novo programa de imageamento multicliente de azimute plural e amplo na região central do Golfo do México estadunidense

ASKER, Noruega, Feb. 24, 2017 (GLOBE NEWSWIRE) — A TGS-NOPEC Geophysical Company (TGS) e a Schlumberger anunciaram hoje um programa de imageamento multicliente de azimute plural e amplo (M-WAZ) na área de enorme potencial da região central do Golfo do México estadunidense. Resultados conclusivos são esperados para o início de 2018, antes do período em que se prevê a rotatividade substancial de blocos na área.
Um anexo que acompanha este comunicado está disponível em http://www.globenewswire.com/NewsRoom/AttachmentNg/7b0f11ce-44a6-4f44-83db-5ce04798f826O novo programa imageamento Fusion M-WAZ contém dados que cobrem mais de 1.000 blocos de Plataforma Continental Exterior (OCS) (~23.000 km2) a partir de programas 3D de WAZ adquiridos anteriormente pela TGS e Schlumberger com o sistema WesternGeco Q-Marine* de receptores pontuais marinhos sísmicos entre 2008 e 2012. Esse grandioso programa de reimageamento processará dados das áreas do desfiladeiro do Mississipi, vale de Atwater e plataforma Ewing Bank utilizando as mais recentes tecnologias de imageamento para fornecer mudanças positivas significativas na qualidade dos dados para as rodadas de licenciamento que estão por vir. Espera-se que a área continue sendo de alta prioridade para as empresas de E&P em um futuro próximo e que ela aproveite as duas rodadas de licenciamento ocorridas todos os anos pelos próximos cinco anos sob o novo Programa de Cinco Anos da BOEM 2017-2022.“Essa região de enorme potencial é uma área fundamental para a TGS e Schlumberger, onde temos uma relação bem próxima com os clientes que continuam exigindo os melhores dados para dar suporte a suas atividades de exploração e perfuração”, disse Kristian Johansen, CEO da TGS. “Temos um forte histórico de agregar valor aos conjuntos de dados existentes através de reprocessamentos com a mais recente tecnologia. O Fusion é o maior projeto de reprocessamento de amplo azimute já realizado pela TGS em colaboração com a Schlumberger.”Maurice Nessim, presidente da WesternGeco, pertencente à Schlumberger, acrescentou: “Essa colaboração de reimageamento combina a utilização da mais recente tecnologia de reimageamento com as medições e o amplo conhecimento geofísico e geológico de alta qualidade da Q-Marine dessa prolífera área. Os clientes têm demonstrado enorme interesse e estamos confiantes de que esse projeto oferecerá a eles uma vantagem competitiva na rodada de concessões que está por vir e antes da grande rotatividade de blocos.”O fluxo de trabalho com processamento personalizado para esse projeto irá incluir várias tecnologias de reimageamento recém-desenvolvidas, incluindo redutor de ghost 3D de WAZ; eliminação múltipla em relação à superfície 3D (SRME); coleta de compensação comum RTM (COR) e tomografia guiada por imagem; e modelagem de velocidade de anisotropia ortorrômbica. Durante o reprocessamento, geocientistas irão atualizar a interpretação do sal e somar contribuições a partir dos mais recentes dados de manancial revelados para a área.O programa de reimageamento é apoiado por fundos do setor. Os dados de rápido rastreamento estarão disponíveis em 2017 para avaliação de propostas da rodada de concessões.Sobre as empresasA TGS-NOPEC Geophysical Company (TGS) fornece dados de geociência para vários clientes nas empresas de exploração e produção de petróleo e gás em todo o mundo. Além de bibliotecas de dados geológicos e geofísicos com extensão global que incluem dados sísmicos de vários clientes, dados de gravidade e magnetismo, registros digitais de manancial, dados de produção e pesquisas direcionais, a TGS oferece também serviços avançados de processamento e imageamento, produtos de interpretação e soluções em integração de dados.Para obter mais informações, faça uma visita online à TGS em www.tgs.com.Schlumberger é a provedora líder mundial em tecnologia para caracterização de reservatórios, perfuração, produção e processamento do setor de petróleo e gás. Trabalhando em mais de 85 países e empregando aproximadamente 100 mil pessoas que representam mais de 140 nacionalidades, a Schlumberger fornece a mais completa variedade de serviços e produtos do setor, indo da exploração à produção, e soluções desde o poro até o oleoduto, as quais otimizam a recuperação de hidrocarbonetos para oferecer desempenho da jazida.A Schlumberger Limited possui seus escritórios principais em Paris, Houston, Londres e Haia e apresentou receitas de US$ 27,81 bilhões em 2016. Para obter mais informações, visite www.slb.com.*Marca da SchlumbergerDeclarações prospectivasTodas as declarações neste comunicado que não sejam fatos históricos são declarações prospectivas, as quais estão sujeitas ao vários riscos, incertezas e suposições que são difíceis de prever, e são baseadas em suposições como eventos futuros que podem não se provar precisos. Esses fatores incluem a confiança da TGS em um setor cíclico e seus clientes de princípio, a capacidade de a TGS continuar a expandir mercados para os dados licenciados e a habilidade de a TGS adquirir e processar produtos de dados a custos compatíveis com a lucratividade. Os resultados reais podem ser materialmente diferentes daqueles esperados ou projetados nas declarações prospectivas. As declarações prospectivas são válidas apenas na data deste comunicado. Tanto a TGS como a Schlumberger não assumem nenhuma responsabilidade ou obrigação de atualizar ou alterar essas declarações por qualquer motivo.A TGS-NOPEC Geophysical Company ASA está listada na Bolsa de Valores de Oslo (OSLO:TGS).A TGS patrocinava o comércio de American Depositary Shares no mercado estadunidense de balcão sob o símbolo “TGSGY”.Para obter mais informações, entre em contato com:

Noodles & Company to Participate at Two Upcoming Investor Conferences

BROOMFIELD, Colo., Feb. 24, 2017 (GLOBE NEWSWIRE) — Noodles & Company (NASDAQ:NDLS) today announced that it will participate at two investor conferences in March.On Wednesday, March 8, 2017, the Company will meet with investors at the UBS Global Consumer & Retail Conference at the Four Seasons Hotel in Boston.
 
On Wednesday, March 15, 2017, the Company will meet with investors at the Bank of America Merrill Lynch 2017 Consumer & Retail Conference at the Lotte New York Palace in New York.As previously announced, the Company will host a conference call to discuss its fourth quarter and full year 2016 financial results on Thursday, March 2, 2017 at 8:30 a.m. EST. A press release with fourth quarter and full year 2016 financial results will be issued prior to the call.  The conference call can be accessed live over the phone by dialing (877) 303-1298 or for international callers by dialing (253) 237-1032.  The conference call will also be webcast live from the Company’s corporate website at investor.noodles.com under the “Events & Presentations” page.
About Noodles & Company
Noodles & Company is a fast-casual restaurant chain where its globally inspired dishes come together to create a World Kitchen. Recognized previously by Parents magazine as a Top Family Friendly Restaurant and by Health magazine as one of America’s Healthiest Fast Food Restaurants, Noodles & Company is a restaurant where Japanese Pan Noodles rest comfortably next to Penne Rosa and Wisconsin Mac & Cheese, but where world flavors don’t end at just noodles. Inspired by some of the world’s most celebrated flavor combinations, Noodles & Company’s menu offers soups, salads and shareables. Noodles & Company makes everything fresh to order, just as you like it, using quality ingredients. Servers deliver dishes to the table, allowing guests to sit and relax or grab a quick bite.
Contacts:
Investor Relations
investorrelations@noodles.com

Media
Danielle Moore
(720) 214-1971
press@noodles.com

Northrim BanCorp, Inc. Raises Quarterly Cash Dividend 5% to $0.21 per Share

ANCHORAGE, Alaska, Feb. 24, 2017 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that its Board of Directors increased the regular quarterly cash dividend by $0.01, or 5%, to $0.21 per share.  The dividend will be payable on March 17, 2017, to shareholders of record at the close of business on March 9, 2017.
“Our Northrim franchise remains strong and is generating solid profitability, despite the slowing economy in Alaska.  We are committed to providing returns to our shareholders through earnings growth and dividends,” said Joseph Beedle, President and CEO.  At the stock price of $30.75 per share at the close of the market on February 23, 2017, the current dividend equates to a yield of 2.73% on an annualized basis.On January 30, 2017, Northrim reported net income in the fourth quarter of 2016 totaled $3.6 million, or $0.51 per diluted share, compared to $3.1 million, or $0.44 per diluted share, in the third quarter of 2016, and $4.1 million, or $0.59 per diluted share, in the fourth quarter of 2015.  In 2016, net income decreased to $14.4 million, or $2.06 per diluted share, compared to $17.8 million, or $2.56 per diluted share in 2015.  Approximately half of the decline in earnings in 2016, or $0.26 per diluted share, was due to a previously disclosed non-cash accounting correction and the related change in accounting treatment for the earn-out payments associated with the Company’s 2014 acquisition of Residential Mortgage Holding Company, LLC. The remainder of the decline in earnings in 2016 compared to 2015 was mostly the result of a decrease in net interest income primarily due to reduced loan growth, an increase in the provision for loan losses in part due to increased nonperforming assets and the continued softening in the Alaskan economy, a decrease in other operating income primarily due to lower gains recognized on the disposition of previously acquired loans, and an increase in operating expenses.About Northrim BanCorpNorthrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 14 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, and Sitka serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC.  The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Affiliated companies include Northrim Benefits Group, LLC; and Pacific Wealth Advisors, LLC.www.northrim.com 
Contact:
Latosha Frye, Chief Financial Officer
(907) 261-8763

Paymeon’s Basalt America Subsidiary Supplies its RockMesh® to its First Government Project

FORT LAUDERDALE, Fla., Feb. 24, 2017 (GLOBE NEWSWIRE) — Paymeon, Inc. (OTC MARKETS:PAYM) today announced that its Basalt America subsidiary has supplied its RockMesh® concrete reinforcement product for delivery on its first government contract.  The end customer, the City of Miami, will use the product in a new skateboard park currently under construction.  Vincent L. Celentano, a Director and the Company’s largest shareholder said “Though it is a small project, relative to our goals of reinforcing all bridges, roads and commercial buildings in the future, I compare it to Neil Armstrong’s famous words, ‘One small step for man, one giant leap for mankind.’  I see this as a catalyst and our gateway to other projects we are currently seeking out.”
The first bridge to incorporate the Company’s suite of products is on the campus of the University of Miami.  See the University of Miami’s Innovation Bridge video here.  https://www.youtube.com/watch?v=xy3ISYNJfOIDisclaimers
Forward-Looking Statements:  Except for statements of historical fact, this news release contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products and partnerships, as well as potential transactions the Company may be considering or may have closed. Such forward-looking statements are based on present circumstances and on PAYM’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations, reliance on representations from third parties that may not execute as planned, development of new markets, and other factors over which PAYM has little or no control. Such forward-looking statements are made only as of the date of this release, and PAYM assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by PAYM with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any securities.  For additional information and potential risk factors, readers should review PAYM’s filings with the Securities and Exchange Commission, which can be found at www.sec.gov.

Vanguard Reports Third Round Of Expense Ratio Reductions Resulting In $143 Million In Cumulative Savings For Investors

VALLEY FORGE, Pa., Feb. 24, 2017 /PRNewswire/ — Vanguard reported lower expense ratios today for 68 additional mutual fund and ETF shares, saving clients more than $105 million.1 Led by notable decreases in some of the industry’s largest international exchange-traded funds (ETFs), this third wave of reductions represents a cumulative $143 million in savings across 124 fund shares reported over the last three months.2

“While Vanguard is lowering — and will continue to lower — the cost of investing, the so-called fee war is essentially over on the beta battleground. Investors have won,” said Vanguard CEO Bill McNabb, who noted that broad market equity and bond exposure can be obtained for 10 basis points or less through index funds and ETFs. “The new fronts in the fee war are active management and advice. Again, investors will ultimately win.”

Vanguard has been lowering expense ratios across its product line-up, and all of its funds and ETFs are among the lowest cost in their respective categories. In fact, 99% of Vanguard’s US-domiciled mutual funds fall within the industry’s lowest cost decile and 99% of Vanguard’s US-domiciled ETFs fall within the lowest cost quartile of all ETFs.3

“The demand for low-cost funds and ETFs, along with intense competition, have made investing far more affordable today than ever before,” added McNabb. “With the broad availability of low-cost options, investors – whether on their own or with the help of a financial advisor or employer – need to focus on the other factors that can lead to investing success, including saving more, developing a suitable asset allocation, using broadly diversified funds, and maintaining discipline through market ups and down.”

Ten Vanguard international ETFs are reporting lower expenses, including five that are the largest in their category (VWO, VGK, VPL, VT, and BNDX) and two that are the second largest in their category (VNQI and VSS)4, as follows:

Other notable changes in this latest round of expense ratio changes include the Admiral Shares of the actively managed Vanguard Intermediate-Term Tax-Exempt Fund, the industry’s largest municipal bond fund with $50 billion in assets, which experienced a 25% expense ratio reduction from 0.12% to 0.09%.5 The Admiral and Investor Shares of Vanguard’s factor offering, the $1.6 billion Global Minimum Volatility Fund, experienced three and two basis point reductions to 0.17% and 0.25%, respectively. Vanguard’s relatively new municipal bond index ETF, Vanguard Tax-Exempt Bond Index ETF (VTEB), saw a 25% expense ratio reduction from 0.12% to 0.09%.

Expense ratios represent the actual operating expenses for the prior fiscal year (including investment advisory fees, administrative costs, and shareholder-service expenses), meaning investors have already realized these savings by the time they are reported. Vanguard will announce any additional expense ratio changes as funds update their annual prospectuses in the coming months, in accordance with Securities and Exchange Commission requirements.

About Vanguard

Vanguard is one of the world’s largest investment management companies. As of January 31, 2017, Vanguard managed more than $4 trillion in global assets. The firm, headquartered in Valley Forge, Pennsylvania, offers more than 350 funds to its more than 20 million investors worldwide. For more information, visit vanguard.com.

1Vanguard calculation based on average fund assets over a 12-month period and the change in expense ratios through the fiscal year ended October 2016.

2Vanguard calculations based on average fund assets over a 12-month period and changes in expense ratios for all share classes from December 2016 through February 2017.

3Vanguard calculation based on reported expense ratios pulled from the most recent prospectuses via Morningstar. All share classes are included for mutual funds.

4Based on Morningstar categories as of December 31, 2016.

5Based on Morningstar categories and assets as of January 31, 2017.

All asset figures are as of December 31, 2016, unless otherwise stated.

Vanguard provides its services to the Vanguard funds at cost. More information about Vanguard funds, including at-cost services, is available in a fund’s prospectus.

For more information about Vanguard funds and ETFs, visit vanguard.com or call 800-662-7447 to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.

Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

Past performance is no guarantee of future results.

All investments are subject to risk, including the possible loss of the money you invest.

U.S. Patent Nos. 6,879,964; 7,337,138; 7,720,749; 7,925,573; 8,090,646; and 8,417,623.

Vanguard Marketing Corporation, Distributor.

 

Source: Vanguard.

All 2016 expense ratios are as of the most recent prospectus. Generally, expense ratios are backwardlooking, meaning they are based on actual operating expenses reported from the prior fiscal year.

For more information about Vanguard funds, visit vanguard.com or call 800-662-7447 to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.

Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

All investments are subject to risk, including the possible loss of the money you invest.

U.S. Patent Nos. 6,879,964; 7,337,138; 7,720,749; 7,925,573; 8,090,646; and 8,417,623.

Vanguard Marketing Corporation, Distributor.    

 

SOURCE Vanguard