Articles on this Page
- 12/12/18--14:14: _SPX Corp. to buy Ca...
- 12/12/18--15:41: _China's Zhoushan to...
- 12/12/18--17:03: _U.S. Congress OKs k...
- 12/12/18--16:06: _Global Energy Ventu...
- 12/13/18--05:05: _Global Ship Lease A...
- 12/13/18--05:14: _Global Superyacht M...
- 12/13/18--06:19: _SPX Corp. buys warn...
- 12/13/18--06:03: _DUNA-USA Completes ...
- 12/13/18--06:12: _Scorpio Bulkers Ann...
- 12/13/18--07:22: _Deadly train crash ...
- 12/13/18--10:42: _Young beluga in Sum...
- 12/13/18--08:18: _360Globalnet Connec...
- 12/13/18--08:55: _IDGlobal Corp. Issu...
- 12/13/18--08:53: _DeSavino and Sons C...
- 12/13/18--10:01: _IRISS’s CAT I and C...
- 12/13/18--11:37: _Last Minute Holiday...
- 12/13/18--12:02: _Evinrude Attains Wi...
- 12/13/18--12:34: _SeaWorld Entertainm...
- 12/13/18--13:16: _Long-Term Montney G...
- 12/13/18--13:16: _Larson Electronics ...
- 12/12/18--14:14: SPX Corp. to buy Carmanah's marine and obstruction lighting business
- 12/12/18--15:41: China's Zhoushan to go after Singapore marine hub's top billing
- 12/12/18--17:03: U.S. Congress OKs killing sea lions to help save salmon
- 12/13/18--06:19: SPX Corp. buys warning-light manufacturer in $77M deal
- 12/13/18--06:12: Scorpio Bulkers Announces Time Charter-Out Agreement
- 12/13/18--07:22: Deadly train crash takes down overpass in Turkey
- 12/13/18--10:42: Young beluga in Summerside 'lives a dangerous life'
- 12/13/18--08:55: IDGlobal Corp. Issues Corporate Update
- 12/13/18--11:37: Last Minute Holiday Gifts for Men: Get Them What They Need
- 12/13/18--12:34: SeaWorld Entertainment has prime opportunity to rally big in 2019
Reported by SeekingAlpha 6 hours ago.
China's port city of Zhoushan is planning to challenge Singapore's dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world's biggest ports and Beijing's support to give it an edge.
Reported by Reuters India 5 hours ago.
Oregon Public Broadcasting reports a bill approved by the House Tuesday changes the Marine Mammal Protection Act to lift some of the restrictions on killing sea lions to protect salmon and steelhead in the Columbia River and its tributaries.
Reported by CBC.ca 3 hours ago.
Global Energy Ventures Ltd (ASX:GEV) has shortlisted four shipyards to begin negotiations for contracts to build its unique CNG 200 Optimum ships to transport compressed natural gas (CNG). This follows completion of the extensive prototype testing of the CNG 200 Optimum design and after reviewing the status of its CNG project portfolio. The four shipyards have the technical capability to construct the vessels and presented proposals which are capable of meeting GEV pricing and schedule objectives. Marine project consultants appointed GEV has also appointed SeaQuest Marine Project Management Ltd to provide consultancy services to assist in finalising the technical specification and plan approval with the selected yard(s). READ: Global Energy Ventures completes ABS testing program for CNG Optimum ship Chairman and CEO Maurice Brand said, “We are delighted with the four shipyards we have selected as well as the appointment of SeaQuest to assist the GEV shipping team, led by GEV director Jens Martin Jensen, to move forward in 2019 on the development of our CNG project portfolio.” The shortlisting by GEV, a leading developer of global integrated CNG projects, follows extensive discussions with almost 20 shipyards during 2018. Initial four ship order proposed During the first quarter of 2019, the GEV team and consultants will finalise all technical and commercial discussions as well as schedules. These discussions will be based on a firm four ship order and options for a further 2+2 CNG 200 Optimum ships. READ: Global Energy Ventures banks $1 million R&D tax rebate for CNG Optimum Ship development work SeaQuest Marine provides ship owners, ship managers and maritime stakeholders with consultancy services having delivered 260 ships over 16 years, with a further 18 ships under construction. The CNG Optimum 200 ship carries 140 kilometres of pipe, which is the single largest cost item for each ship. Pipe procurement consultant selected Sourcing of this pipe is a specialised business and a Japanese group has been selected by GEV, subject to formal agreements, to provide pipe procurement consultancy services. The initial scope of services covers selection of mills, line pipe technical specification, pricing and delivery scheduling. Clarksons provides broker services Clarksons Platou continues to provide GEV with shipbroking services, structuring and financial advice. GEV stresses that it may elect to: - Build, own and operate its CNG ships, using normal project financing; or - Lease the CNG ships from a third party under an annual operating cost basis.
Reported by Proactive Investors 4 hours ago.
LONDON, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it is soliciting consents (the “Consent Solicitation”) from holders of its 9.875% First Priority Secured Notes due 2022 (the “Notes”) to approve amendments (the “Proposed Amendments”) to the indenture governing the Notes (the “Indenture”). The Company previously announced, on December 6, 2018, its intent to commence a consent solicitation and a description of the terms thereof, including the Proposed Amendments.Subject to the terms and conditions set forth in the Consent Solicitation Statement, dated December 13, 2018 (the “Consent Solicitation Statement”), the Company is offering a cash payment (“Consent Fee”) of $7.50 per $1,000 in aggregate principal amount of Notes held by each holder as of the record date set forth in the Consent Solicitation Statement who validly delivers (and does not validly revoke) a duly executed consent at or prior to the Expiration Time. The Company will not be obligated to make any payments if the Company does not receive the Requisite Consents at or prior to the Expiration Time, the Consent Solicitation is terminated for any reason before the Expiration Time or if the other conditions to the Consent Solicitation are not satisfied or waived.
Adoption of the Proposed Amendments requires the consent of the holders of at least a majority of the aggregate principal amount of all outstanding Notes (such consent, the “Requisite Consents”). As of December 13, 2018, the aggregate outstanding principal amount of the Notes was $340,000,000. On December 6, 2018, the Company reached an agreement with beneficial owners of approximately $164.2 million of the principal amount of the Notes, representing approximately 46% of the $360,000,000 aggregate principal amount of Notes outstanding at the time, pursuant to which such holders have agreed to consent with respect to all of their Notes.
The Company anticipates that, promptly after receipt of the Requisite Consents at or prior to 11:59 p.m., New York City time, on December 19, 2018, unless extended by the Company as set forth in the Consent Solicitation Statement (the “Expiration Time”), the Company will give notice to Citibank, N.A., London Branch, as trustee and security agent (the “Trustee”), that the Requisite Consents have been obtained and the Company, the Guarantors and the Trustee will execute and deliver a supplemental indenture with respect to the Indenture (the “Supplemental Indenture” and such time, the “Effective Time”). Pursuant to the terms of the Supplemental Indenture, the Proposed Amendments will become effective at the Effective Time, with retroactive effect as of the date of completion of the transactions contemplated by the Agreement and Plan of Merger dated October 29, 2018 by and among the Company, Poseidon Containers Holdings LLC, K&T Marine LLC and the other parties thereto, and shall thereafter bind every holder of Notes. Although the Supplemental Indenture will become effective upon execution by the Company, the Guarantors and the Trustee, the Proposed Amendments will not become operative and will have no effect until and unless the payment to consenting holders described above is made in accordance with the terms and conditions set forth in the Consent Solicitation Statement.
The complete terms and conditions of the Consent Solicitation are set forth in the Consent Solicitation Statement. The Company may, in its sole discretion, extend or amend the Consent Solicitation at any time, subject to its agreement with the beneficial owners of the Notes referred to above. A copy of the Consent Solicitation Statement may be obtained from Global Bondholder Services Corporation, the tabulation agent and information agent for the Consent Solicitation, at (866) 807-2200 (toll free) or (212) 430-3774 (collect).
This announcement is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security. This announcement is also not a solicitation of consents with respect to the Proposed Amendments or any securities. If and when commenced, the Consent Solicitation will be made solely on the terms and subject to the conditions set forth in the Consent Solicitation Statement. The solicitation of consents will not be made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or “blue sky” laws. No recommendation is being made as to whether holders of Notes should consent to the Proposed Amendments.
*About Global Ship Lease*
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under mainly long-term, fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.
Global Ship Lease owns 38 vessels ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 198,793 TEU and an average age, weighted by TEU capacity, of 10.7 years determined as at September 30, 2018.
The average remaining term of the charters at September 30, 2018, including those on the 19 Poseidon Containers vessels acquired on November 15, 2018 and subsequent charter agreements, was 2.7 years on a weighted basis.
*Safe Harbor Statement*
This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in “Risk Factors” in the Company’s Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.
Investor and Media Contact:
The IGB Group
212-477-8438 Reported by GlobeNewswire 15 hours ago.
Seattle, Dec. 13, 2018 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global superyacht market was valued at US$ 22.5 billion in 2017, and is projected to exhibit a CAGR of 5.3% during the forecast period (2018 – 2026).
*Get Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/2333*
*Key Trends and Analysis of the Superyacht Market:*
The global superyacht industry is majorly driven by the rising interest of high net-worth and ultra-high net worth individuals in luxury cruises, particularly in the emerging countries of Asia Pacific, Middle East, and Africa. The superyacht industry is benefitting from the growing trends towards the water-based-sports, marine tourism, and leisure activities.
According to Coherent Market Insights, the global superyacht market is segmented on the basis of yacht type, yacht size, and region. Among yacht size, 40-80 meter superyacht size segment held dominant position in the market in 2017, owing to high sales of smaller sized yachts. For instance, according to Coherent Market Insights, 80% of the yachts sold globally in 2017, were of smaller size (around 50 meters). Among yacht type, motor superyacht segment held dominant position in the market in 2017, and is expected to retain its dominance during the forecast period.
Asia Pacific is expected to be the fastest growing region in the global superyacht market during the forecast period, owing to increasing adoption of modern lifestyle and growing travel & tourism sector in the region. North America was the dominant region in the global superyacht market in 2017, and is projected to maintain its dominance during the forecast period, owing to presence of large number of key players and high demand for superyachts for water-sports and leisure activities.
*To know the latest trends and insights prevalent in this market, click the link below:*
*Key Market Takeaways:*
· The market is expected to witness a CAGR of 5.3% during the forecast period (2018–2026), and this is attributed to increasing demand for expedition superyacht
· Increasing adoption of luxury cruising among high net-worth and ultra-high net-worth individuals particularly in emerging countries of Asia Pacific and Middle East is aiding growth of the marke.
· Some of the major players operating in the global superyacht market include Amels, Azimut Benetti, Feadship, ISA Yachts, OVERMARINE Group, Blohm+Voss, Christensen Shipyards, Fincanteri, Heensen Yachts, Lurssen, Nobiskrug, Oceanco, Perini Navi, Sunseeker Yachts, Holland Jachtbouw, Royal Huisman, Moonen Shipyards, and Mulder Shipyards
*About Coherent Market Insights:*
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
CONTACT: Contact Us:
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: firstname.lastname@example.org Reported by GlobeNewswire 15 hours ago.
SPX Corp. has agreed to buy to buy the marine and aviation warning-light businesses of Carmanah Technologies Corp. for $77 million. It is the third acquisition the Charlotte-based industrial manufacturer has announced this year. Carmanah says the deal will close in January, after the sale is approved by its shareholders. It will include the Carmanah’s Sabik lighting subsidiaries in Europe and Singapore, as well some operating and intellectual property assets Carmanah owns in Canada and the United…
Reported by bizjournals 14 hours ago.
Multi-million dollar investment reflects anticipated market growth, North American commitment
BAYTOWN, Texas (PRWEB) December 13, 2018
DUNA-USA (Baytown, TX) has completed a multi-year, multi-million dollar expansion of its Baytown, TX US headquarters and manufacturing facility. The expansion, which began in fall 2016, included the addition of a new manufacturing building, new office building, state-of-the-art automated fabrication department and an additional “continuous” polyurethane production line.
“Our investment in state-of-the-art equipment strategically places DUNA-USA to meet increased demand and anticipated market growth,” says Marta Brozzi, President of the DUNA Group. “We’ve exponentially increased production and fabrication capabilities and expect to realize significantly reduced lead times and increased production efficiency.”
As part of the expansion, DUNA-USA implemented a proprietary automated fabrication department, including a 5-axis CNC machine and robotic warehouse. “We are excited to utilize the latest technology to provide the highest quality products and service to our customers,” says Andrea Benedetti, CEO of DUNA-USA.
DUNA-USA manufactures polyurethane and polyisocyanurate foams, as well as chemicals (custom systems) for the aerospace, automotive, insulation, marine, and construction industries. Standard applications for rigid materials include cold chain, LNG insulation, composite layup tooling, thermoforming, signmaking, and CAD verification tooling. Pourable applications include pipe supports, core materials, and design elements for theming and scenic applications.
“With the primary expansion goals complete, we are now focusing on expanding the polyisocyanurate side of our Baytown facility,” explains Benedetti. “We expect to begin this next phase of internal growth immediately.” DUNA-USA’s polyisocyanurate business is primarily targeted towards oil and gas, cryogenic, and LNG insulation applications and is the core business of the DUNA Group.
The DUNA Group, comprised of DUNA-USA, DUNA-CORRADINI, and DUNA-EMIRATES, has been manufacturing foams, chemicals and adhesives since 1957, and specializes in the research and development of highly custom, high quality polyurethane and epoxy systems. They have locations in the USA Italy, and United Arab Emirates. Please visit http://www.dunagroup.com/usa for additional information. Reported by PRWeb 14 hours ago.
MONACO, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that it has entered into a time charter-out agreement with an unaffiliated third party for SBI Hera, one of its Ultramax drybulk carriers, for a period of between four and six months at a rate of $14,850 per day.*About Scorpio Bulkers Inc.*
Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. has an operating fleet of 57 vessels consisting of 56 wholly-owned or finance leased drybulk vessels (including 19 Kamsarmax vessels and 37 Ultramax vessels), and one time chartered-in Ultramax vessel. The Company’s owned and finance leased fleet has a total carrying capacity of approximately 3.9 million dwt and all of the Company’s owned vessels have carrying capacities of greater than 60,000 dwt. Additional information about the Company is available on the Company’s website www.scorpiobulkers.com, which is not a part of this press release.
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk vessel capacity, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
Scorpio Bulkers Inc.
+1-646-432-1675 (New York) Reported by GlobeNewswire 14 hours ago.
At least 9 people are reported killed after a high-speed train in Ankara, Turkey, collided with another train and the derailed cars slammed into a pedestrian overpass. CBSN's Anne-Marine Green and Vladimir Duthiers have more.
Reported by CBS News 13 hours ago.
A marine mammal research group in Quebec has identified a young beluga whale recently spotted in a P.E.I. harbour as one that has been rescued before.
Reported by CBC.ca 10 hours ago.
HOFFMAN ESTATES, Ill., Dec. 13, 2018 (GLOBE NEWSWIRE) -- 360Globalnet, a global provider of cloud-hosted, online, digital claims solutions, is pleased to announce the company has recently joined the American Association of Insurance Services (AAIS) as an Associate Partner.AAIS is the only national non-profit advisory organization delivering quality policy forms, rating information, and data management capabilities used by more than 700 property and casualty (P&C) insurers. As an AAIS Associate Partner, 360Globalnet offers AAIS Members access to digital solutions that are transforming the end-to-end customer experience. All 360Globalnet solutions are cloud-hosted and supported by insurance industry professionals who ensure successful rapid implementation and ongoing satisfaction.
“We at AAIS are happy to have 360Globalnet join our Associate Partner Program,” said Truman Esmond, vice president of solutions and partnerships at AAIS. “360Globalnet adds significant value to our member companies and MGAs, who are always looking for ways to improve their customer experience when it comes to claims, especially in today’s competitive, technological insurance market.”
The new relationship between AAIS and 360Globalenet introduces the opportunity for the creation of an AAIS-specific version of 360Siteview, a solution that enables P&C insurers to offer customer self-service, automated claim settlement, and enhanced underwriting capabilities all on a single, digital platform. An AAIS-specific instance of 360Siteview will help AAIS Members to more effectively compete against larger insurers with more robust technology capabilities and operating budgets.
“We are very much looking forward to working with AAIS and its many Members,” said Andrew Peet, head of operations for the Americas for 360Globalnet. “We plan to start the new year by offering assessments for organizations around digital readiness, and by holding regional roundtable meetings to discuss and promote digital transformation.”
*360Globalnet is a global provider of cloud-hosted, InsurTech solutions which streamline the claim process for P&C insurance companies and deliver greater customer satisfaction and retention rates through the digital enablement of legacy environments. 360Globalnet is a DXC Technology “Solution Partner,” and an industry ecosystem member of the DXC Partner Network. *For more details, please visit *www.360globalnet.com.
*About American Association of Insurance Services (AAIS)*
Established in 1936, AAIS is the only national nonprofit advisory organization governed by its member companies. Over 700 commercial lines, inland marine, farm & agriculture and personal lines insurers rely on AAIS for its quality policy forms, rating information and data management capabilities. Its consultative approach and unrivaled customer service are supported by a dedicated staff, a modern infrastructure and the all-new openIDL blockchain platform. *For more information, please visit http://www.aaisonline.com.*
St. Nick Media Services
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/a7ccfdba-16b2-4506-a4a4-3c2641413c7f Reported by GlobeNewswire 12 hours ago.
*WHEATON, IL / ACCESSWIRE / December 13, 2018 / *The Board of Directors of IDGlobal Corp., a Colorado corporation (OTC PINK: IDGC) ("IDGC"), is today pleased to provide a corporate update regarding its present and future operations.
Mr. DuFort stated, "My interest is and always has been to fully-develop IDGlobal to its maximum potential for the benefit of its shareholders. IDGC has weathered some tough times, but current management decided to change the Company's business model in late 2018 by focusing on the integration of established companies into a public company. This along with new highly experienced executives coming aboard, and the highly talented operational management already in place, we believe this will be a very effective formula for the future in any industry. Currently, the company has developed a comprehensive plan of operations that will best serve our shareholders and others having business with IDGC and its' respective subsidiaries."
IDGC and its subsidiaries and direct coventurers, respectively and collectively seek safe-harbor in accordance with the provisions of the Private Securities Reform Act of 1995 for certain forward-looking statements made by any of them in this announcement, as the same are defined in Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is defined as a statement that cannot sustain itself as merely a historical fact. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can be mistaken for factual statements, while the issuers are, in fact, speculating. Title 15 Section 78u-5 of the United States Code defines a forward-looking statement as including overly optimistic views as to a company's future economic performance, such as revenues or income, plans for future operations, or use of a report written by an outside reviewer. Certain terms or phrases indicate the use by an issuer of forward-looking statements, such as any tense from present to future or similar inflection of words comparable to "believe,'' "estimate,'' "anticipate,'' "plan,'' "predict,'' "may,'' "hope,'' "can,'' "will,'' "should,'' "expect,'' "intend,'' "is designed to,'' "with the intent,'' "potential,'' the negative of these words or such other variations thereon or comparable terminology, may indicate forward-looking statements; however, the absence of these terms or phrases does not mean that a statement is not forward-looking.
*IDGC's Plan of Operations.*
IDGC is an emerging growth company under the JOBS Act of 2012 and, as a diversified holding company, will focus on emerging and middle market international investment opportunities. IDGC is evaluating the acquisition of interests, joint ventures, and licensing agreements with qualified companies and personnel within the Real Estate, medical marijuana, consumer products development and distribution industries
IDGC's Board of Directors has established a plan of operations that includes IDGC's current, active, and ongoing business operations, together with the operations of certain existing joint ventures along with pending acquisitions. This plan of operations also includes the commerce of real estate, retail and distribution operations, for various consumer products in the CBD arena. The company is accomplishing this by aggressively bringing new talent on or in association with IDGC's joint-ventures along with Monochrome Corp.
IDGC's current operations include the conduct of existing respective operations through its totally-held subsidiary, Watershed Enterprises, Inc, Watershed Staffing, Inc., and Monochrome Corp. ("Monochrome") The updated www.idglobalcorp.com website is almost completed, a more detailed corporate update will be disseminated next week and projected revenues for 2019 are north of $5 million US.
*About Watershed Enterprises*
Team Watershed has been servicing Chicago area for over 20 years. We specialize in insurance adjusted roofing, ensuring that our clients receive the most value for each individual insurance claim in addition to providing home improvement services.
All national local building codes are met and exceeded on each project. We do not do roof-overs. We believe that a structure is designed for a particular load and exceeding that design load may damage the structure or cause architectural deformation.
We are a fully licensed, bonded and insured as a home improvement contractor and roofer.
Our motto is ''The Job is the Boss,'' and we do everything possible to ensure that the job is done in the most excellent way possible. Team Watershed does not compromise when it comes to doing a complete and excellent job. We strive to provide our customers with the best customer service, highest quality, and providing the best value.
The Staffing solutions and services segment will come in a variety of forms to meet specific client needs, from short assignments to full-time hires. Here are the definitions of the basic types of staffing services, as well as the occupational categories typically served by staffing firms:
**Placement* brings together job seekers and potential employers for the purpose of establishing permanent employment relationship.
**Temporary staffing *hires its own employees and assigns them to support or supplement a client's workforce in situations involving employee absences, temporary skill shortages, seasonal workloads, and special projects. Temporary jobs can also lead to permanent placements.
**Temporary-to-Hire* employee works for a client during a trial period during which both the employee and the client consider establishing a permanent employment relationship.
**Long-Term Staffing *supplies employees to work on long-term assignments. Employees are recruited, screened, and assigned by the agency.
The Company by combining the strengths and talents of Watershed Enterprises and Staffing along with our many joint venture partners in the real estate industry nationwide foresees unlimited opportunities in the development, cost reduction, increased sales potential and marketing resulting in long-term operational and financial stability. The combined companies are currently negotiating and look to participate in various FEMA projects in the Carolinas, Georgia, Florida, Texas, and Puerto Rico. These projects historically last 5-7 years, thus exploiting our expertise in development, construction, and staffing.
Monochrome is unique and current in today's marketplace. Monochrome's business model incorporates two high-growth markets to create an exciting multi-channel business opportunity within IDGC's distribution network. This includes traditional brick-and-mortar channels as well as by Monochrome's utilization of e-commerce technologies and emerging pipelines to capitalize on the new developments in today's CBD market. Monochrome will leverage its relationship with Watershed Enterprises and Staffing's existing relationships with residential, commercial and industrial property owners as well as the local, state, and federal government agencies nationwide.
Monochrome's Board of Directors know that the CBD market is driven by health concerns and expanding product awareness. By combining the two under a single business model, Monochrome can expect to meet market demand by distributing a multitude of products. IDGC has targeted its own industry operational expert and their finalizing contract. The company has also attracted partners for a multitude of products in the hemp and CBD channels that will expand as Monochrome's product distribution increases. Monochrome's Board of Directors estimate that by the company's utilization of traditional and contemporary delivery methods (through its partners, such as beverage and food distributors), will best serve its development. Monochrome's use of non-traditional distribution and delivery channels (such as brokers who will drive business in health care, universities, and health awareness markets) would be equally impressive.
*About TGS and Squad Leaders.*
Ben Thompson, TGS' CEO, is a Marine and specializes as an integrator in technology solutions systems. Throughout his various tours as in the Marine Corp, he has implemented humanitarian group-up construction projects. Now a civilian, he continues his work by hiring members of our nation's military community. TGS is an SBA-Certified Veteran Owned Small Business that actually operates as a full-service enterprise IT Solution and construction management consulting provider. TGS focuses on Health IT, testing services, and global construction management services company. TGS has capabilities ranging from integration services to advisory systems to IT strategy services. TGS, through Mr. Thompson, established Squad Leaders (www.squadleaders.org), and IRS-qualified 501(c)(3) non-profit, which is dedicated to successfully transitioning American veterans from military life back into their communities by providing high-quality career and personal mentoring, engaging community programs, and energizing social activities.
Sebastien C. DuFort, CEO
*SOURCE: *IDGlobal Corp.
View source version on accesswire.com:
https://www.accesswire.com/530496/IDGlobal-Corp-Issues-Corporate-Update Reported by Accesswire 11 hours ago.
DeSavino and Sons recently provided their Open Air Cabinetry for a corporate office conference room, training room and lab using Vycom Designboard and Seaboard. Unlike wood or metal alternatives, these HDPE materials will not rust, corrode, rot, delaminate or splinter.
SCRANTON, Pa. (PRWEB) December 13, 2018
DeSavino and Sons of Olyphant, Pennsylvania, was contracted to design custom cabinet, table and lab casework solutions for the AZEK Company’s Scranton, Pennsylvania location. Having already finished the training room and lab, as well as a custom coffee table, DeSavino and Sons was recently asked to design and install cabinets in the main conference room and engineering room. For all of the projects, DeSavino and Sons provided solutions from their Open Air cabinet line (https://openaircabinetry.com/), manufactured with Vycom’s Seaboard and Designboard HDPE (high density polyethylene). The HDPE material enables them to make the cabinets watertight, easy to clean and maintenance-free for residential outdoor kitchen, healthcare, manufacturing and food service applications.
Vycom’s Designboard offers the rich designer shades and textures of wood and metals with the durability and weather resistance of performance plastics, along with UV resistance options. Vycom’s Seaboard line of HDPE is typically used for marine, RV and outdoor applications. It provides superior performance where water, UV exposure and other harsh elements are present. Unlike wood or metal alternatives, Seaboard and Designboard HDPE will not rust, corrode, rot, delaminate or splinter. These high-quality materials also offer superior scratch resistance and stiffness.
“The durability and quality of the Seaboard and Designboard HDPE is outstanding,” says Leo Insalaco, engineer and project manager with DeSavino and Sons, who notes they cut the sheets on a CNC router and appreciate the material’s performance on the equipment. “Our cabinetry requires various rabbet cuts, dados and hole drilling. The fact that the sheet allows a uniform flatness for even performance on the CNC router helps us maintain the high quality that is expected from our Open Air Cabinetry.”
Each of DaSavino’s projects were somewhat unique from the others based on the different locations within the company and uses for the cabinetry. This ranges from lab casework that spans two full walls to a coffee table in a training room. Despite their differences, all had to be attractive, easy-to-clean and durable.
“Our maintenance-free cabinetry is manufactured to retain a look as great as the day you bought it,” says Insalaco. “The finish and texture of Vycom's HDPE resist scratching or marring that can occur from day to day use. This helps our product stand out from the rest and gives the customer assurance that our cabinets will maintain their beauty for many years to come.”
Vycom, a division of The AZEK Company, manufacturers market leading brands of highly innovative plastic sheet products designed to replace wood, metal and other traditional materials in a variety of applications. Vycom strives to be the essential partner in creating solutions that optimize quality, performance and provide a more sustainable future. Reported by PRWeb 11 hours ago.
The Mobius Institute Board of Certification (MIBoC) granted ISO Certification 18436 Part 8 for the IRISS CAT 1 and CAT 2 Principles of Ultrasound training courses and designates the IRISS SMART Training Center as an Approved Examination Center (AEC).
BRADENTON, Fla. (PRWEB) December 13, 2018
IRISS, global leaders in Electrical Safety Maintenance Devices and manufacturer of the world’s toughest Infrared Windows, is proud to announce that the IRISS CAT 1 and CAT 2 Principles of Ultrasound training courses have been granted ISO Certification 18436 Part 8 from MIBoC. In addition, the IRISS SMART Training Center located at the US headquarters in Bradenton, Florida, also received the designation as an Approved Examination Center.
A certificate or declaration of conformity to ISO 18436-8 provides recognition of the qualifications and competence of individuals to perform ultrasound measurements and analysis for machinery condition monitoring using ultrasound equipment. “This certification is just the first step in our journey as we are working to put all of our training courses through the rigorous process of gaining ISO certifications” stated Martin Robinson, CEO of IRISS. “It is our obligation to not only provide the highest quality products used by condition monitoring and asset reliability personnel, but to also provide them with the knowledge and skills needed to use these products accurately and safely.”
Dedicated to electrical safety, IRISS continues to provide innovative solutions that harness multiple surveillance technologies of energized equipment in a fully closed and guarded condition: Infrared, Ultraviolet, Visual, Partial Discharge, Wireless Temperature Monitoring, Asset Tagging and Structure or Airborne Ultrasound. Other training classes provided by IRISS include Level I and Level II Principles of Infrared (Currently in process of submission for ISO 18436 part 7 review), Introduction to Critical Asset Surveillance Technologies and Certified Installer courses.
At IRISS, we provide our customers unsurpassed quality at every touch point. We focus on what we do best by continuously improving infrared (IR) window, online monitoring devices and Ultrasound test equipment technology. We build reliable products exceeding customer expectations while remaining a science-based R&D company and protecting our products with industry leading warranties.
As solution providers, the team at IRISS brings a multitude of experience from world-class maintenance programs together to meet the individual needs of commercial, industrial, marine, power generation and government maintenance programs. Reported by PRWeb 10 hours ago.
Get hard-to-shop-for men something they can use for Christmas: a new Scepter SmartControl gas container. An innovative spout provides a clean, fast, and hassle-free pour and eliminates messy spills. Available nationwide in one-, two- and five-gallon sizes.
MIAMI, Okla. (PRWEB) December 13, 2018
It’s not too late to find the perfect “under the tree” gift for the guys in your family. The newly-introduced ScepterTM SmartControlTM gas containers are now available nationwide and make the ideal “must have” gift for any man.
“Forget buying extra socks, pajamas and exercise equipment for the guys on your list,” says Daniel Marshall, vice president of marketing and business development with ScepterTM. “This year go to your local hardware or big box store and get SmartControl gas cans. Rugged and easy-to-use, these new containers are designed for fast fills without spills, which any man in your family will truly appreciate!”
In a 2018 online survey by Ask the Builder of 1,100 people across the U.S., a whopping 46 percent of people surveyed said they were not happy with the design of their gas can. This opens the door for people to surprise their loved ones with newly-improved gas containers this holiday season. Whether the recipient uses them for gardening and lawn care, sporting equipment or other activities, they’re sure to be grateful for this improved gas container.
Upgraded User-Friendly Features
Why is the SmartControl system so unique? An innovative spout design makes it easier than ever to fuel equipment like portable generators, snow mobiles, ATVs, lawn mowers and leaf blowers.
The spout provides a clean, fast, and hassle-free pour and helps save gas for where it’s needed by eliminating messy spills. The user-controlled flow valve makes it easier to direct the amount of fuel being dispensed, and because the container stores with the spout on, hands always stay clean.
With a single motion, the user simply presses the lever up to unlock the child safety feature with the palm of the hand, and then squeezes the large button. This first squeeze is done when upright to vent the container. Then, place the nozzle over the tank and simply squeeze again to pour just the right amount of fuel.
Available in one-, two- and five-gallon sizes, the SmartControl line includes containers for gasoline, diesel and kerosene. Recipient of the “Best in Class” Award at the 2018 National Hardware Show, SmartControl containers are constructed of durable and safe high-density polyethylene. SmartControl containers can be found throughout the U.S. in The Home Depot®, Walmart®, Lowe’s®, AutoZone®, Pep Boys, Target and Northern® Tool + Equipment stores.
With operations throughout North America, Scepter has manufactured containers for the consumer, marine and military markets for almost 70 years. SmartControl and other Scepter products are available at major retailers and home improvement centers throughout the country. Visit http://www.scepter.com for more information. Reported by PRWeb 9 hours ago.
Sturtevant-based manufacturer receives highest sustainable business rating from the Wisconsin Sustainable Business Council
STURTEVANT, Wis. (PRWEB) December 13, 2018
For the second year, Evinrude has received recognition as a Green Master, the highest sustainable business rating from the Wisconsin Sustainable Business Council’s Green Masters Program. Recognizing sustainable actions by businesses from across the state of Wisconsin, the Green Masters Program works to identify businesses that have taken at least one action within each of the nine pillars of ‘sustainability.’ Participants in the program (almost 200 in calendar year 2017) receive recognition for their sustainability accomplishments and develop ideas for future sustainability actions.
Following its 2017 induction into the program, Evinrude continued to make sustainability a top priority, implementing several key changes to their business practices and continuing community outreach efforts that support the environment. Evinrude installed a new factory make-up air handling system and end-of-line quality system. The make-up air handling system helps improve the operator environment within the manufacturing facility and the end-of-line system helps to reduce process emissions and fuel consumption by more than 50 percent.
“Evinrude invented the first commercially viable outboard engine and we are continuously improving marine technology to give our customers an uncompromised boating experience,” said Tracy Crocker, Senior Vice President and General Manager at Evinrude. “For 110 years, Evinrude has been at the cutting edge of innovation, leading the industry in ease of use and fuel efficiency but we know creating sustainable products is not the only action Evinrude can take to protect our environment, so we continue to adopt sustainable business practices for our workplace and take steps to ensure that our manufacturing process has a limited impact on our community.”
The Green Masters Program is an objective, points-based recognition and assessment program that enables Wisconsin businesses of all sizes and from any sector to join a group of like-minded companies that are on the road to sustainability. The program has established three levels of participation: Green Apprentice, Green Professional, and Green Master. Evinrude was recognized today at the Wisconsin Sustainable Business Conference.
“Evinrude continues to demonstrate how a large company can develop a successful sustainability strategy that helps not only the company, but surrounding communities,” Tom Eggert, Executive Director of Wisconsin Sustainable Business Council, said. “In today’s economy, meaningful and impactful sustainability efforts are paramount to staying competitive. It is an honor to recognize outstanding companies like Evinrude for their efforts to make Wisconsin greener.”
Only 20 percent of companies that applied during the calendar year are identified and recognized at the Green Masters level for the year.
“We see tremendous value in investing in sustainable business practices. Even if they cost us more at the onset, they are essential to ensuring we limit our environmental impact,” said Jeff Wasil, Emissions Compliance Engineer at Evinrude. “Last heating season, Evinrude implemented an energy recovery system, which allowed us to heat our test buildings without the use of natural gas through a closed-loop water system we installed to help reduce water waste. Although this system is costlier, it is without a doubt the right thing to do for the environment.”
This is Evinrude’s second year being recognized as a Green Master by the Wisconsin Sustainable Business Council. Evinrude’s commitment to sustainability remains at the core of its business practices. In recent years, Evinrude has invested heavily in technologies that help eliminate waste, save water, and reduce the amount of energy used while maintaining comfortability and operability in the manufacturing and testing facilities.
Beyond sustainable business practices, Evinrude has been involved in community environmental efforts, including coordinating employee volunteers for local river cleanups and supporting graduate research at the University of Wisconsin – Milwaukee’s School of Freshwater Sciences.
Evinrude, part of the BRP Marine Group, is a global manufacturer of outboard marine engines. A model of innovation, Evinrude developed the first commercially viable outboard engine in 1909. Celebrating 110 years of innovation in 2019, Evinrude’s engine line up, from 3.5 to 300 HP, offers customers superior value across a full range of applications while meeting all global emissions standards. Engines are available at authorized Evinrude dealerships worldwide. For more information visit http://www.evinrude.com.
About the Wisconsin Sustainable Business Council:
The WI Sustainable Business Council is a network of Wisconsin businesses that are leaders in integrating principles of sustainability into business operations. The business case for sustainability (defined in terms of people, planet and profit) has never been stronger. Wisconsin businesses are playing a leadership role in not only ensuring the protection and preservation of our natural resources but in creating a vibrant and growing economy. The Council provides best-in-class sustainability resources and brings businesses together to share knowledge, experiences and tools. Find us on the web at http://www.wisconsinsustainability.com Reported by PRWeb 8 hours ago.
The marine theme park operator is set to outdo its past performance — further boosting Orlando's tourism business.
Reported by bizjournals 8 hours ago.
CALGARY, Alberta, Dec. 13, 2018 (GLOBE NEWSWIRE) -- SemCAMS, a subsidiary of SemGroup^® Corporation (NYSE:SEMG), today announced that it has executed a long-term agreement with the Canadian subsidiary of a large international oil and gas company to process sour gas production at its Wapiti Gas Plant. The take-or-pay agreement secures 70 mmcf per day of Montney gas for a 10-year term. The 200 mmcf per day Wapiti Gas Plant, which is expected to be operational in the first quarter of 2019, is now 95 percent contracted.“We are pleased to secure this long-term processing agreement that effectively fills SemCAMS Wapiti Gas Plant and helps ensure the plant will operate in the most efficient and cost effective manner,” said Dave Gosse, SemCAMS’ Vice President and General Manager. “This agreement underscores the need for our Wapiti Gas Plant and the unique services we are able to offer customers with our existing pipelines and sour gas processing plants. With the Wapiti plant essentially fully contracted, we are increasing our focus on the Pipestone area development and look forward to continuing our work with producers and the community to safely and efficiently develop the Montney formation.”
In the fall, SemCAMS received Alberta Energy Regulator approval to construct a 280 mmcf per day sour gas plant in the Pipestone area. The new plant will be connected to the Wapiti Gas Plant via the Pipestone pipeline, which is currently under construction and is expected to begin gathering gas from the Pipestone area in the fourth quarter of 2019. The pipeline is designed to provide operational synergies and efficiencies to both the Wapiti plant and the Pipestone plant through SemCAMS integrated pipeline and gas plant system.
For additional information, please contact Rob Nimmo, Director, Business Development, at 403.536.3000.
*SemCAMS ULC, a subsidiary of SemGroup^® Corporation (NYSE:SEMG), is a gathering and processing business which provides midstream solutions for natural gas producers in Western Canada. SemCAMS is one of Alberta’s largest licensed sour gas processors with Duvernay and Montney facilities located near Whitecourt and Fox Creek, and a plant under construction in the Wapiti area south of Grand Prairie. The company also operates sweet gas processing facilities in this region. SemCAMS is based in Calgary, Alberta, Canada.
*SemGroup^® Corporation (NYSE:SEMG) moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Platteville, Colo.; and Houston, Texas.
SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. Such information is routinely posted and accessible on our Investor Relations website at www.semgroupcorp.com, our Twitter account and LinkedIn account.
Certain matters contained in this Press Release include “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. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact, included in this Press Release may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include the risk factors discussed from time to time in each of our documents and reports filed with the SEC.
Readers are cautioned not to place undue reliance on any forward-looking statements contained in this Press Release, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.
email@example.com Reported by GlobeNewswire 7 hours ago.
KEMP, Texas, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting and power equipment sectors, announced the release of an explosion proof control station with a 63-amp, 2-pole main circuit breaker. This unit is rated for Class I, Divisions 1 and 2; Class II, Divisions 1 and 2; and Class III hazardous locations, flammable facilities and combustible environments such as agricultural sites, industrial work sites and shipyards.The EPCS-36AMB-8XSW-VM-ID.G-1XM25-10XM20 explosion proof control station is made of sturdy copper-free aluminum with an aluminum lacquer paint finish for added durability. This unit features a 63-amp, 2-pole main circuit breaker containing an operation handle. The secondary side of the main circuit breaker features 20, 2.5mm square din rail mount terminals for completing connections. This unit also features eight on/off selector switches, one, analog voltmeter (0-5V) and a green status indicator light.
Larson Electronics’ control station contains hardware components made of sturdy stainless steel and aluminum, including the hinges. This NEMA-rated unit features a bolted cover, is resistant to corrosion and can withstand rugged environments. This unit can be mounted on flat surfaces, including walls and comes with a mounting pan with one, M25 hub and 10, M20 hubs at the bottom of the enclosure. Suitable applications include indoor or outdoor spaces, hazardous locations, and industrial settings.
*About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.
*For further information, please contact:
*Rob Bresnahan, President and CEO
Reported by GlobeNewswire 7 hours ago.