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Goldolphin trainer Saeed bin Suroor hopes Royal Marine can prove as effective on a dirt surface by stamping his authority over his rivals in the UAE 2,000 Guineas Trial at Meydan on Thursday.
Reported by MailOnline 5 hours ago.
Reported by RIA Nov. 5 hours ago.
The 2019 Melbourne Air & Space Show will feature the North American debut of the U.S. Air Force F-35 Lightning II Demo Team when it returns to Orlando Melbourne International Airport, March 30-31.
MELBOURNE, Fla. (PRWEB) January 09, 2019
The 2019 Melbourne Air & Space Show will feature the North American debut of the U.S. Air Force F-35 Lightning II Demo Team when it returns to Orlando Melbourne International Airport, March 30-31.
The F-35 Lightning II, also known as the F-35 Joint Strike Fighter, is the most advanced fighter aircraft flying in the world today. 2019 is the first year a full capabilities demo of the F-35 will be flown by the U.S. military and Melbourne will be the first place where the world can see it.
The F-35 is a fifth generation, single-seat, single-engine, all-weather stealth fighter flown by three branches of the U.S. Department of Defense. It is designed to perform ground attack, aerial intelligence and air defense missions. There are three variants, the F-35A conventional takeoff and landing model used by the Air Force, the F-35B short take-off and vertical-landing (STOVL) model used by the Marine Corps and the F-35C carrier-based model used by the Navy.
“We are honored that Melbourne has been chosen by the U.S. Air Force as the first place in the hemisphere to perform a full demonstration of the F-35,” said Bryan Lilley, Chairman of the National Air, Sea and Space Foundation, organizer of the show. “We have had quite a run in just six years hosting the Thunderbirds, Blue Angels, two foreign military teams, the North American debut of the Airbus A400M and now the debut of the F-35 Demo Team.”
Northrop Grumman will be the title sponsor of the 2019 Melbourne Air & Space Show, returning for the sixth consecutive year.
“We are excited to continue our sponsorship with this amazing show,” said Bob Klein, Vice President of Engineering for the Manned Aircraft Design center in Melbourne. “This is a significant event for the area and a great opportunity for us to get to connect with our community. With Northrop Grumman a principal member of the F-35 team, we believe our employees and attendees will enjoy seeing it in action. And, in the coming weeks, we plan to announce an additional top-tier performance aircraft for the show.”
Sponsorship opportunities and corporate hospitality packages are available and volunteer registration is now open for the event. For more information on the show or the F-35 Lightning II Demo Team please visit http://airandspaceshow.com/.
### Reported by PRWeb 4 hours ago.
The stomach contents of ancient whale Basilosaurus isis suggest it was an apex predator, according to a new study.
Reported by Science Daily 1 hour ago.
KEMP, Texas, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting and industrial equipment sectors, announced the release of a portable power distribution substation that converts single-phase 480V AC electrical current to single-phase 120/240V AC. This substation allows operators to safely tap into and distribute 480V AC power from generators and direct grid power.The MGL-50A.8465C-30AFT.480-7.5KVA-4X120.20A portable power distribution substation features a primary side for operators to connect 480V single-phase using 20 feet of #8 Type W cord with a CS8465C cord cap to one L8-30R receptacle in a feed-through configuration for 480V equipment. The secondary side allows operators to connect to four 5-20R GFCI receptacles protected by four 20-amp, one-pole 125V breakers. All of the receptacles feature weatherproof covers for added protection.
This 7.5 kVA power distribution substation has a load center/distribution assembly that is mounted on a steel cart style frame with a center point lift pickeye that is equipped with a backplate for easy lifting. This transformer is grounded to the frame with a grounding lug that is provided. This unit is suitable for use indoors or outdoors in places like construction sites, for plant maintenance and turnarounds, shipyards and more.
*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
Photos accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/9f8218ed-0219-4ad0-84e3-42cbbdf90717 Reported by GlobeNewswire 3 hours ago.
Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company, has provided the detailed design for an initial four and option for six additional, Tier IV tractor tugs being built by Nichols Brother Boat Builders for Foss Maritime.
SEATTLE (PRWEB) January 09, 2019
Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company, has provided the detailed design for an initial four and option for six additional, Tier IV tractor tugs being built by Nichols Brother Boat Builders for Foss Maritime. The 90-short ton bollard pull tugs are based on Jensen’s popular Valor tugboat design, of which 9 have been successfully built and deployed to date and an additional five remain under design/construction. Once delivered, the Foss tugs will be deployed along the U.S. West Coast.
These 100-foot by 40-foot tugs are multi-functional to include ship assist and escort capabilities as well as towing. Additionally, the tugs are Tier IV, meaning they utilize high-efficiency catalytic after-treatment technology to reduce emissions. Powered by twin Z-drive propulsion units, the tugs will be suitable for offshore service, ship assist, escort, maneuvering and docking. The tugs feature a large fuel capacity for long trips, comfortable crew accommodations and a spacious engine room along with an anchor windlass and chain locker, and a Markey TES-40 winch. Additionally, Jensen designed the tugs with some of the most advanced safety features in the industry, including a 900 GPM fire pump and monitor, which will be powered from an on-board generator. The tugs will be Subchapter M compliant.
“Jensen continues to be a leading designer of multi-functional Tier IV tugboats for the American shipbuilding industry,” said Bryan Nichols, director, business development, Jensen. “In addition to this particular sized tug, we have multiple build-ready designs available ranging in size from 74 feet up to 110-feet for anyone looking to upgrade or expand their fleet for a variety of nearshore or offshore capabilities.”
About Jensen Maritime
Seattle-based Jensen Maritime Consultants, Inc., is a naval architecture and marine engineering firm owned by Crowley Maritime Corporation. The company offers a diverse range of consulting, design and engineering services developed from more than 50 years of experience working around the world. Jensen is a recognized leader in the design of all types of vessels - particularly workboats, fishing boats and fireboats – and has built a favorable reputation on a long history of successful designs and conversions with close attention to engineering basics. The company's services include detail and conceptual design and engineering, lofting, regulatory and shipyard liaison as well as on-site consulting services and on-location assistance anywhere in the world. Additional information about Jensen can be found on the Internet at http://www.jensenmaritime.com.
For more information about Jensen’s parent company, Crowley, please visit http://www.crowley.com. Reported by PRWeb 2 hours ago.
DALLAS, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported a debt refinancing for Rock Hill Capital Group’s (“Rock Hill”) portfolio company Ace Gathering Holdings, LLC (“Ace”), a provider of crude oil gathering and oil recovery services to oil producers, salt water disposal operators and other service companies throughout Texas. Capital Southwest provided a $10 million split lien term loan and will act as the sole administrative agent and lender for the term loan facility. “We are pleased to partner with Rock Hill and Ace on this transaction. Rock Hill has extensive experience in the energy sector and, along with management, has executed on a number of strategic initiatives that have led to the company’s strong performance,” said Bill Ashbaugh, Managing Director of Capital Southwest. Curtis Harrison, Principal of Capital Southwest, added, “Ace has carved out meaningful market share in the gathering and reclamation industry by leveraging its attractive route network, focusing on superior customer service and utilizing Ace and Rock Hill’s collective strategic and operational acumen.”
Ace, founded by its management team in 2014 and headquartered in Katy, Texas, provides gathering and recovery services through two separate wholly-owned subsidiaries, Ace Gathering, Inc. and Recoil Energy Systems, LLC (“Recoil”). Ace Gathering offers crude oil gathering services with its top-of-the-line fleet of trucks and trailers as well as crude oil marketing services for customers ranging from small, independent producers to large majors. In May 2016, Ace acquired Maker’s Oil Corporation (“Maker’s”), a crude recovery and tank cleaning business with over two decades of operating history. Maker’s offers oilfield waste cleanup and waste oil removal services for salt water disposal wells, crude oil production tanks, pipelines, and marine barges. Rock Hill made an investment in the combined business in December 2017. In March 2018, Ace completed its acquisition of Recoil, a provider of waste cleanup and tank cleaning services throughout the Permian Basin, which it subsequently merged with Maker’s. The combined companies have over 140 employees operating in 7 locations throughout Texas.
*About Capital Southwest*
Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company, with approximately $308 million in net assets as of September 30, 2018. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 to $25 million investments across the capital structure, including first lien, unitranche, second lien, subordinated debt and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.
*About Rock Hill Capital Group*
Founded in 2007, Rock Hill Capital Group is a private equity firm based in Houston, Texas that invests in small-to-lower middle market companies located in the South and Southeast U.S. with an enterprise value of up to $100 million. The firm is focused on industrial products and services businesses. Rock Hill collaborates with experienced entrepreneurs in search of capital and the operational expertise they need to continue growing and expanding their business. The firm commits fearlessly to building successful companies over time to maximize value for both their portfolio businesses and their investors. For more information, visit www.rockhillcap.com.*Forward-Looking Statements*
This press release contains historical information and forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 with respect to future dividends, market conditions, and the business and investments of Capital Southwest. Forward-looking statements are statements that are not historical statements and can often be identified by words such as “will,” “believe,” “expect” and similar expressions and variations or negatives of these words. These statements are based on management's current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to changes in the markets in which Capital Southwest invests, changes in the financial and lending markets, regulatory changes, tax treatment and general economic and business conditions.
Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest's Annual Report on Form 10-K for the year ended March 31, 2018 and subsequent filings with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.
*Investor Relations Contact:*
Michael S. Sarner, Chief Financial Officer
214-884-3829 Reported by GlobeNewswire 2 hours ago.
NHL All-Stars will wear eco-innovative Adidas jerseys made from upcycled marine debris during festivities Jan. 25-26.
Reported by USATODAY.com 2 hours ago.
The Marine Department plans to introduce catamaran tourist boats on the Chao Phraya River in Bangkok in the middle of this year to boost tourism.
Reported by Bangkok Post 2 hours ago.
LAFOX, Ill., Jan. 09, 2019 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its second quarter ended December 1, 2018. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. *Second Quarter Results*
Net sales for the second quarter of fiscal 2019 increased 5.7% to $41.3 million compared to net sales of $39.1 million in the prior year’s second quarter. Sales increased $2.2 million for PMT and $0.2 million for Richardson Healthcare. PMT sales were higher in power conversion and RF and microwave components. Sales increased for Richardson Healthcare due to higher CT Tube and equipment sales, partially offset by lower sales of diagnostic imaging parts. Sales decreased $0.2 million for Canvys due to lower overall demand across Europe.
Gross margin decreased to $13.0 million, or 31.4% of net sales during the second quarter of fiscal 2019, compared to $13.4 million, or 34.2% of net sales during the second quarter of fiscal 2018. Margin decreased as a percent of net sales primarily due to a less favorable product mix, including a higher percentage of power conversion and RF and microwave components and pre-owned CT scanners, and unfavorable manufacturing variances in both PMT and Richardson Healthcare. Canvys margin as a percent of net sales increased primarily due to an improved product mix and lower costs on selected products sold.
Operating expenses increased to $13.4 million for the second quarter of fiscal 2019, compared to $12.6 million for the second quarter of fiscal 2018. This increase was a result of $0.2 million of severance expense related to actions taken to improve the manufacturing variances, and $0.3 million in higher legal expenses. It is anticipated that the reduction in headcount will result in $0.5 million annualized savings in cost of sales. In addition, last year’s second quarter included a $0.2 million bad debt recovery. Operating expenses as a percent of net sales without the severance expense and the higher legal expenses decreased to 31.2% in the current quarter from 32.2% in last year’s second quarter.
The Company reported an operating loss of $0.5 million for the second quarter of fiscal 2019 compared to operating income of $0.8 million in the prior year’s second quarter. Excluding the severance expense and higher legal fees, the Company would have reported break-even for operating income for the second quarter of fiscal 2019.
Other income for the second quarter of fiscal 2019, primarily foreign exchange, was $0.3 million, compared to other expense of $0.1 million for the second quarter of fiscal 2018.
The income tax provision of $0.2 million for the second quarter of fiscal 2019 reflected a provision for foreign income taxes and no U.S. tax benefit due to the valuation allowance recorded against the net operating loss. The tax provision of $0.5 million in last year’s second quarter included a provision for foreign income taxes, additional tax due from an audit in Germany and no U.S. tax benefit due to the valuation allowance recorded against the net operating loss.
Loss from continuing operations for the second quarter of fiscal 2019 was $0.3 million, compared to an income from continuing operations of $0.2 million in the second quarter of fiscal 2018. Excluding the severance and higher legal costs, profit from continuing operations would have been $0.2 million in the second quarter of fiscal 2019. In addition, during the second quarter of fiscal 2018, the Company received an income tax refund from the State of Illinois, inclusive of interest and net of professional fees, of $1.5 million. This refund was a result of the conclusion of the Illinois amended return related to the sale of RFPD in 2011 and was therefore, classified as income from discontinued operations.
Net loss for the second quarter of fiscal 2019 was $0.3 million, compared to a net income of $1.7 million in the second quarter of fiscal 2018.
*FINANCIAL SUMMARY – SIX MONTHS ENDED DECEMBER 1, 2018*
· Net sales for the first six months of fiscal 2019 were $85.5 million, an increase of 12.3%, compared to net sales of $76.1 million during the first six months of fiscal 2018. There were 26 weeks in the first six months of fiscal 2019 compared to 27 weeks in last year’s first six months. Sales increased by $7.9 million for PMT, $1.2 million for Canvys and $0.3 million for Richardson Healthcare.
· Gross margin increased to $26.9 million during the first six months of fiscal 2019, compared to $25.5 million during the first six months of fiscal 2018. As a percentage of net sales, gross margin decreased to 31.5% of net sales during the first six months of fiscal 2019, compared to 33.5% of net sales during the first six months of fiscal 2018, primarily as a result of a less favorable product mix and unfavorable manufacturing variances.
· Operating expenses increased to $26.5 million for the first six months of fiscal 2019, compared to $24.9 million for the first six months of fiscal 2018. The increase was due to additional compensation and other expenses related to the increase in net sales, severance expense and higher legal expenses. Operating expenses as a percent of net sales without the severance expense and the higher legal expenses decreased to 30.4% in the first six months of fiscal 2019 from 32.8% in last year’s first six months.
· Operating income during the first six months of fiscal 2019 was $0.4 million, compared to an operating income of $0.8 million during the first six months of fiscal 2018, which included a $0.2 million gain on the sale of a building. Excluding the severance expense and higher legal fees in the second quarter, the Company would have reported an operating income of $0.9 million for the first six months of fiscal 2019.
· Other income for the first six months of fiscal 2019, including interest income and foreign exchange, was $0.2 million, compared to other expense of $0.1 million for the first six months of fiscal 2018.
· The income tax provision of $0.4 million during the first six months of fiscal 2019 reflected a provision for foreign income taxes and no U.S. tax benefit due to the valuation allowance recorded against the net operating loss. The tax provision of $0.6 million in the first six months of fiscal 2018 included a provision for foreign income taxes, additional tax due from an audit in Germany and no U.S. tax benefit due to the valuation allowance recorded against the net operating loss.
· Income from continuing operations for the first six months of fiscal 2019 was $0.1 million, compared to an income from continuing operations of $0.1 million in the first six months of 2018. Excluding the severance and higher legal costs in the second quarter of fiscal 2019, profit from continuing operations would have been $0.6 million. In addition, during the second quarter of fiscal 2018, the Company received an income tax refund from the State of Illinois, inclusive of interest and net of professional fees, of $1.5 million. This refund was a result of the conclusion of the Illinois amended return related to the sale of RFPD in 2011 and was therefore, classified as income from discontinued operations.
· Net income for the first six months of fiscal 2019 was $0.1 million, compared to a net income of $1.6 million during the first six months of fiscal 2018.
The Company also announced today that its Board of Directors declared a $0.06 quarterly dividend per share to holders of common stock and a $0.054 cash dividend per share to holders of Class B common stock. The dividend will be payable on February 26, 2019, to common stockholders of record as of February 8, 2019.
Cash and investments at the end of the second quarter of fiscal 2019 were $53.2 million compared to $54.8 million at the end of the first quarter of fiscal 2019 and $59.3 million at the end of the second quarter of fiscal 2018. The Company spent $1.1 million during the quarter on capital expenditures primarily relating to equipment for LaFox manufacturing and Richardson Healthcare versus $1.7 million during the second quarter of fiscal 2018. During the second quarter of fiscal 2019, the Company did not repurchase any shares of its common stock. Given the Company’s recent operational performance and share price, the Board of Directors has authorized the reactivation of its share buyback program, up to $9.4 million, to return more value to investors. Currently, there are 11.0 million outstanding shares of common stock and 2.1 million outstanding shares of Class B common stock.
“We are pleased that our net sales for the second quarter of fiscal 2019 grew by 5.7% from the second quarter of fiscal 2018. Unfortunately, our gross margin fell below expectations but we are taking actions to improve this” said Edward J. Richardson, Chairman, Chief Executive Officer, and President. “We remain very optimistic about continued sales growth in PMT associated with our investments in new power and microwave technologies, as well as expanded market penetration for our ALTA750^ TM CT Tube and improved gross margin for Healthcare,” Mr. Richardson concluded.
*CONFERENCE CALL INFORMATION*
On Thursday, January 10, 2019, at 9:00 a.m. CST, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will host a conference call to discuss the Company’s second quarter results for fiscal year 2019. A question and answer session will be included as part of the call’s agenda. To listen to the call, please first register with our new conference call-in service at FY19 2nd Quarter Earnings Call Registration. Once registered, you will receive an email containing dial-in numbers and a personalized access code. A replay of the call will be available beginning at 10:00 a.m. CST on January 12, 2019, for seven days. The telephone number for the replay is (833) 224-4825.
*FORWARD-LOOKING STATEMENTS *
This release includes certain “forward-looking” statements as defined by the Securities and Exchange Commission. Statements in this press release regarding the Company’s business which are not historical facts represent “forward-looking” statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K filed on August 2, 2018. The Company assumes no responsibility to update the “forward-looking” statements in this release as a result of new information, future events, or otherwise.
*ABOUT RICHARDSON ELECTRONICS, LTD. *
Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.
Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.
*Richardson Electronics, Ltd.
**Consolidated Balance Sheets
*(in thousands, except per share amounts)
* * *Unaudited* * * * * *Audited* * *
* * * * *December 1, 2018* * * * * *June 2, 2018* * *
*Assets* * *
*Current assets:* * *
Cash and cash equivalents $ 47,859 $ 60,465
Accounts receivable, less allowance of $333 and $309, respectively 22,478 22,892
Inventories, net 51,649 50,720
Prepaid expenses and other assets 3,964 3,747
Investments - current 5,300 —
*Total current assets* * * * * *131,250* * * * * * * *137,824* * *
*Non-current assets:* * *
Property, plant and equipment, net 19,230 18,232
Goodwill 6,332 6,332
Intangible assets, net 2,887 3,014
Non-current deferred income taxes 744 927
*Total non-current assets* * * * * *29,193* * * * * * * *28,505* * *
*Total assets* * * *$* *160,443* * * * * *$* *166,329* * *
*Liabilities and Stockholders’ Equity* * *
*Current liabilities:* * *
Accounts payable $ 15,594 $ 19,603
Accrued liabilities 11,056 10,343
*Total current liabilities* * * * * *26,650* * * * * * * *29,946* * *
*Non-current liabilities:* * *
Non-current deferred income tax liabilities 281 281
Other non-current liabilities 921 921
*Total non-current liabilities* * * * * *1,202* * * * * * * *1,202* * *
*Total liabilities* * * * * *27,852* * * * * * * *31,148* * *
*Stockholders’ equity* * * * * * * * *
Common stock, $0.05 par value; issued and outstanding 10,953 shares at December 1, 2018 and 10,806 shares at June 2, 2018 547 540
Class B common stock, convertible, $0.05 par value; issued and outstanding 2,097
shares at December 1, 2018 and 2,137 shares at June 2, 2018 105 107
Preferred stock, $1.00 par value, no shares issued — —
Additional paid-in-capital 60,654 60,061
Common stock in treasury, at cost, no shares at December 1, 2018 and June 2, 2018 — —
Retained earnings 68,700 70,107
Accumulated other comprehensive income 2,585 4,366
*Total stockholders’ equity* * * * * *132,591* * * * * * * *135,181* * *
*Total liabilities and stockholders’ equity* * * *$* *160,443* * * * * *$* *166,329* * *
*Richardson Electronics, Ltd. *
*Unaudited Consolidated Statements of Comprehensive (Loss) Income*
(in thousands, except per share amounts)
* * * * *Three Months Ended* * * * * *Six Months Ended* * *
* * * * *December 1,
2018* * * * * *December 2,
2017* * * * * *December 1,
2018* * * * * *December 2,
2017* * *
*Statements of Comprehensive (Loss) Income* * *
Net sales $ 41,314 $ 39,082 $ 85,471 $ 76,077
Cost of sales 28,343 25,708 58,547 50,555
*Gross profit* * * * * *12,971* * * * * * * *13,374* * * * * * * *26,924* * * * * * * *25,522* * *
Selling, general and administrative expenses 13,425 12,602 26,524 24,926
Gain on disposal of assets — — — (191 )
*Operating (loss) income* * * * * *(454* *)* * * * * *772* * * * * * * *400* * * * * * * *787* * *
Other (income) expense:
Investment/interest income (121 ) (36 ) (247 ) (170 )
Foreign exchange (gain) loss (211 ) 115 75 316
Other, net 4 (11 ) (4 ) (15 )
Total other (income) expense (328 ) 68 (176 ) 131
(Loss) income from continuing operations before income taxes (126 ) 704 576 656
Income tax provision 178 532 449 596
(Loss) income from continuing operations (304 ) 172 127 60
Income from discontinued operations — 1,496 — 1,496
*Net (loss) income* * * * * *(304* *)* * * * * *1,668* * * * * * * *127* * * * * * * *1,556* * *
Foreign currency translation (loss) gain, net of tax (1,041 ) 230 (1,781 ) 2,351
Fair value adjustments on investments loss — 48 — 34
*Comprehensive (loss) income* * * *$* *(1,345* *)* * * *$* *1,946* * * * * *$* *(1,654* *)* * * *$* *3,941* * *
Net (loss) income per Common share - Basic:
(Loss) income from continuing operations $ (0.02 ) $ 0.01 $ 0.01 $ —
Income from discontinued operations — 0.12 — 0.12
*Total net (loss) income per Common share - Basic* *$* *(0.02* *)* *$* *0.13* * * * * *$* *0.01* * * * * *$* *0.12* * *
Net (loss) income per Class B common share - Basic: * * * * * * * * * * * * * * * *
(Loss) income from continuing operations $ (0.02 ) $ 0.01 * * $ 0.01 * * $ —
Income from discontinued operations — 0.11 * * — 0.11
*Total net (loss) income per Class B common share - Basic* *$* *(0.02* *)* *$* *0.12* * * * * *$* *0.01* * * * * *$* *0.11* * *
Net (loss) income per Common share - Diluted: * * * * * * * * * * * * * * * *
(Loss) income from continuing operations $ (0.02 ) $ 0.01 * * $ 0.01 * * $ —
Income from discontinued operations — 0.12 * * — 0.12
*Total net (loss) income per Common share - Diluted* *$* *(0.02* *)* *$* *0.13* * * * * *$* *0.01* * * * * *$* *0.12* * *
Net (loss) income per Class B common share - Diluted: * * * * * * * * * * * * * * * *
(Loss) income from continuing operations $ (0.02 ) $ 0.01 * * $ 0.01 * * $ —
Income from discontinued operations — 0.11 * * — 0.11
*Total net (loss) income per Class B common share - Diluted* *$* *(0.02* *)* *$* *0.12* * * * * *$* *0.01* * * * * *$* *0.11* * *
*Weighted average number of shares:* * *
Common shares – Basic 10,952 10,755 10,890 10,734
Class B common shares – Basic 2,097 2,137 2,114 2,137
Common shares – Diluted 10,952 10,789 11,053 10,764
Class B common shares – Diluted 2,097 2,137 2,114 2,137
*Dividends per common share* * * *$* *0.060* * * * * *$* *0.060* * * * * *$* *0.120* * * * * *$* *0.120* * *
*Dividends per Class B common share* * * *$* *0.054* * * * * *$* *0.054* * * * * *$* *0.108* * * * * *$* *0.108* * *
*Richardson Electronics, Ltd.*
*Unaudited Consolidated Statements of Cash Flows*
* * * * *Three Months Ended* * * * * *Six Months Ended* * *
* * * * *December 1,
2018* * * * * *December 2,
2017* * * * * *December 1,
2018* * * * * *December 2,
2017* * *
*Operating activities:* * *
*Net (loss) income* * * $ (304 ) $ 1,668 $ 127 $ 1,556
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:
Depreciation and amortization 792 735 1,556 1,467
Inventory provisions 150 125 365 287
Loss (gain) on sale of investments — 1 — (24 )
Gain on disposal of assets — — — (191 )
Share-based compensation expense 230 208 395 309
Deferred income taxes 97 66 155 62
Change in assets and liabilities:
Accounts receivable 100 (1,735 ) (98 ) 312
Inventories (1,908 ) (2,021 ) (1,831 ) (4,634 )
Prepaid expenses and other assets (319 ) (357 ) (282 ) (615 )
Accounts payable 1,538 1,757 (3,881 ) (998 )
Accrued liabilities 344 (517 ) 571 209
Other 161 264 174 (3 )
*Net cash provided by (used in) operating activities* * * * * *881* * * * * * * *194* * * * * * * *(2,749* *)* * * * * *(2,263* *)*
*Investing activities:* * *
Capital expenditures (1,120 ) (1,720 ) (2,192 ) (2,735 )
Proceeds from sale of assets — — — 276
Proceeds from maturity of investments — 4,177 — 8,177
Purchases of investments (3,000 ) (3,943 ) (5,300 ) (3,943 )
Proceeds from sales of available-for-sale securities — 114 — 265
Purchases of available-for-sale securities — (114 ) — (265 )
Other — (2 ) — (5 )
*Net cash (used in) provided by investing activities* * * * * *(4,120* *)* * * * * *(1,488* *)* * * * * *(7,492* *)* * * * * *1,770* * *
*Financing activities:* * *
Proceeds from issuance of common stock 11 — 203 —
Cash dividends paid (770 ) (763 ) (1,534 ) (1,521 )
*Net cash used in financing activities* * * * * *(759* *)* * * * * *(763* *)* * * * * *(1,331* *)* * * * * *(1,521* *)*
Effect of exchange rate changes on cash and cash equivalents (621 ) 81 (1,034 ) 1,140
*Decrease in cash and cash equivalents* * * * * *(4,619* *)* * * * * *(1,976* *)* * * * * *(12,606* *)* * * * * *(874* *)*
Cash and cash equivalents at beginning of period 52,478 56,429 60,465 55,327
*Cash and cash equivalents at end of period* * * *$* *47,859* * * * * *$* *54,453* * * * * *$* *47,859* * * * * *$* *54,453* * *
*Richardson Electronics, Ltd.* * *
*Net Sales and Gross Profit* * *
*For the Second Quarter and First Six Months of Fiscal 2019 and Fiscal 2018* * *
($ in thousands)
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
*By Strategic Business Unit:* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
*Net Sales* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* * * * *Q2 FY 2019* * * * * * * * * * * * * *Q2 FY 2018* * * * * *% Change* * *
PMT $ 32,328 $ 30,063 7.5 %
Canvys 6,498 6,707 -3.1 %
Healthcare 2,488 2,312 7.6 %
Total $ 41,314 $ 39,082 5.7 %
* * * * *YTD FY 2019* * * * * * * * * * * * * *YTD FY 2018* * * * * *% Change* * *
PMT $ 67,097 $ 59,187 13.4 %
Canvys 13,671 12,472 9.6 %
Healthcare 4,703 4,418 6.5 %
Total $ 85,471 $ 76,077 12.3 %
*Gross Profit* * * * * * *
* * * * *Q2 FY 2019* * * * * *%** **of** **Net** **Sales* * * * * *Q2 FY 2018* * * *% of Net Sales* * *
PMT $ 10,107 31.3 % $ 10,262 34.1 %
Canvys 2,132 32.8 % 2,128 31.7 %
Healthcare 732 29.4 % 984 42.6 %
Total $ 12,971 31.4 % $ 13,374 34.2 %
* * * * *YTD FY 2019* * * * * *%** **of** **Net** **Sales* * * * * *YTD FY 2018* * * * * *%** **of** **Net** **Sales* * *
PMT $ 21,114 31.5 % $ 19,836 33.5 %
Canvys 4,445 32.5 % 3,674 29.5 %
Healthcare 1,365 29.0 % 2,012 45.5 %
Total $ 26,924 31.5 % $ 25,522 33.5 %
*For Details Contact:* * * *40W267 Keslinger Road*
*Edward J. Richardson* *Robert J. Ben* *PO BOX 393*
Chairman and CEO EVP & CFO LaFox, IL 60147-0393 USA
Phone: (630) 208-2205 (630) 208-2203 (630) 208-2200 | Fax: (630) 208-2550
Reported by GlobeNewswire 1 hour ago.
Ship traffic Due to arrive today SHIP FROM PORT Glovis Captain San Diego SFO Hyundai Busan Long Beach OAK Mol Experience Vancouver, British Columbia OAK Due to depart today SHIP TO PORT Aristomenis Xiamen, China OAK Cap Taputapu Papeete, Tahiti OAK Carmel Port Unknown SCK Esperance Bay Savona, Italy SFO Genco Lorraine Rizhao, China SFO Melina Seattle OAK MSC Sasha Vancouver, British Columbia SFO Star Louisiana New Westminster, British Columbia SCK Source: S.F. Marine Exchange
Reported by SFGate 34 minutes ago.
The latest release of the openIDL (open Insurance Data Link) expands upon existing statutory reporting capabilities with special support for regulatory Data Calls. New features and enhancements to user interfaces enable Member insurance companies and regulators to collaborate more effectively on the development of Data Calls, to increase timeliness, efficiency and overall value.
Lisle, IL, Jan. 09, 2019 (GLOBE NEWSWIRE) -- AAIS (American Association of Insurance Services), the only national not-for-profit insurance advisory organization, announces the most recent release of its openIDL blockchain platform with additional features including: improved Data Call transparency and communication capabilities specifically designed for insurance regulators, enriched core data sets, and innovative blockchain data architecture.
openIDL is an open blockchain network that enables the efficient, secure and permissioned-based sharing of statistical data between insurance carriers and regulators. With its latest release of openIDL, AAIS reveals an even more user-friendly interface and enhanced performance to invite participation and enhance the user experience.
openIDL has also been enriched with added data from more than 2 million homeowners policies, and taps the AAIS data lake to connect statistical data with third party services and data providers, creating an environment for improved data quality, dramatic visualizations, timely insights and entirely new operational capabilities. Now, up-to-the-minute information on risk context – like weather, municipal or satellite data – can help Member carriers understand impact potential, validate existing data, overlay historical details, and more, to better manage a book of business, streamline systems and connect operational systems and partners.
Regulators are now able to publicize “draft” data calls and invite anonymous and public feedback from their respective communities using openIDL. New reporting capabilities facilitate greater integrity and transparency to the market, while protecting the privacy of carriers contributing data.
Development also includes new support for Private Data Collections, which will enable peer organizations to upload additional data to their openIDL peer node(s), ensuring data integrity, and secure, internal reuse in operational integrations, without exposing data outside the organization.
AAIS has taken on development of openIDL as a natural extension of its role as a statistical agent and advisory organization serving the needs of Member carriers and insurance regulators. Commenting on the latest developments in openIDL, AAIS CEO Ed Kelly said, “We are thrilled with the progress we are making in establishing the openIDL blockchain platform. Based on the positive feedback we are receiving from insurance carriers and regulators, I believe openIDL can be a transformational vehicle for the entire insurance ecosystem.”
According to Craig Bedell, IBM Global Insurance Industry Executive, “This latest release is another exciting step in the ongoing enhancement of openIDL. As with its initial version, openIDL is being designed and developed with guidance from carriers and State Departments of Insurance in Design Thinking Workshops. The value is obvious to a growing number of insurers and regulators as their reactions have been overwhelmingly supportive, and participation continues to increase.”
Since launching the openIDL pilot in August 2018, AAIS and IBM have committed to quarterly releases of openIDL to meet the demand for functionality, a commitment made possible by increasing participation in Design Thinking Workshops by vested insurance carriers, regulators and the AAIS community. The next Design Thinking session is planned for January 2019. The next release of openIDL is planned for March 2019.
**Established in 1936, AAIS continues to serve the Property & Casualty insurance industry as the only national not-for-profit advisory organization governed by its Member insurance carriers. AAIS delivers tailored advisory solutions including best-in-class policy forms, rating information and data management capabilities for commercial lines, inland marine, farm & agriculture and personal lines insurers. Its consultative approach and unrivaled customer service underscore a focused commitment to the success of its Members. For more information about AAIS, please visit www.aaisonline.com.
AAIS serves as the openIDL administrator, providing unbiased governance for the blockchain platform within existing insurance regulatory frameworks. AAIS Members may participate in the openIDL blockchain as part of their existing or new Program Affiliations. AAIS welcomes participation in the openIDL from across the insurance industry through Data Affiliation and Membership. Simply contact an AAIS Advisor for details, or visit www.openIDL.com to “get linked.”
CONTACT: John Greene
American Association of Insurance Services (AAIS)
firstname.lastname@example.org Reported by GlobeNewswire 18 minutes ago.
Although sunscreen is critical for preventing sunburns and skin cancer, some of its ingredients are not so beneficial to ocean-dwelling creatures. In particular, sunscreen chemicals shed by swimmers are thought to contribute to coral reef decline. Now, researchers say that one such chemical, octocrylene (OC), which is also in some cosmetics and hair products, accumulates in coral as fatty acid esters that could be toxic to the marine organism.
Reported by Science Daily 5 hours ago.
Crowley Logistics announced today that it has expanded its North Atlantic network of vessels, adding velocity to customer supply chains operating between the Northeastern U.S., Puerto Rico, the Dominican Republic and the islands of the Caribbean Basin.
JACKSONVILLE, Fla. (PRWEB) January 09, 2019
Crowley Logistics announced today that it has expanded its North Atlantic network of vessels, adding velocity to customer supply chains operating between the Northeastern U.S., Puerto Rico, the Dominican Republic and the islands of the Caribbean Basin. Specifically, by adding additional capacity with the flat deck barge 455-4 to its rotation, Crowley will further stabilize its North Atlantic-Puerto Rico sailing schedule while increasing cargo capacity.
“Earlier this year, we surveyed our customers, and we heard loud and clear that they wanted us to add additional flexibility and velocity to their supply chains,” said Steve Collar, senior vice president and general manager, Crowley Logistics. “This service enhancement further complements the significant investment we’ve made in the trade in the form of new ships and associated port upgrades. We’ve solidified Puerto Rico as a gateway to the Caribbean Basin.”
Crowley’s 455-4 flat deck barge is loading for its first southbound trip on Wednesday, Jan. 9, and arriving in San Juan on Jan. 16. This enhanced network of vessels allows Crowley to offer six southbound and northbound sailings per month between the northeast and San Juan. Additionally, a proprietary feeder service has been launched to seamlessly link Puerto Rico to the Dominican Republic and other islands of the Caribbean Basin.
Equipment to support this service expansion comes from Crowley’s acquisition of new cargo containers and related equipment. Since 2003, the company has invested over a quarter of a billion dollars in new cargo equipment for its fleet. Today, the company operates more than 53,000 pieces of owned and leased intermodal equipment, including more than 19,500 chassis, 23,000 dry containers and 5,200 refrigerated containers. The equipment comes in a variety of sizes and are strategically located throughout the U.S, Central America and the Caribbean to ensure availability for Crowley’s customers including those in Puerto Rico.
Crowley has served Puerto Rico since 1954, longer than any other U.S. shipping company.
Jacksonville-based Crowley Holdings Inc., a holding company of the 127-year-old Crowley Maritime Corporation, is a privately held family and employee-owned company that provides marine solutions, energy and logistics services in domestic and international markets. Crowley operates under four business units: Crowley Logistics, a singular ocean liner and logistics supply chain division; Crowley Shipping, which encompasses ownership, operations and management of conventional and dual fuel (LNG) vessels, including tankers, container ships, multipurpose, tugboats and barges; Crowley Fuels, a fuel transportation, distribution and sales division that also provides liquefied natural gas (LNG) and related services; and Crowley Solutions, which focuses on government services, including vessel management for government agencies, as well as engineering, project management, naval architecture through its subsidiary Jensen Maritime, and marine salvage and emergency response through its 50 percent ownership in Ardent Global. Additional information about Crowley, its subsidiaries and business units may be found at http://www.crowley.com. Reported by PRWeb 5 hours ago.
Dublin, Jan. 10, 2019 (GLOBE NEWSWIRE) -- The "Paints and Coatings Market by Resin Type - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to *ResearchAndMarkets.com's* offering.
Global paints and coatings market is projected to reach $262.5 billion by 2023
The market growth is driven by the increasing demand for painting and coating solutions from the automotive, electronic, and construction industries, based on resin type, the paints and coatings market is categorized into acrylic, polyester, polyurethane, epoxy, and others (nylon, nitrocellulose lacquer, and polycarbonates).
Among these, the volume sales of polyurethane are expected to exhibit the fastest growth in the market, witnessing a CAGR of 5.9% during the forecast period. Polyurethane offers strength and beauty to buildings and structures and are hence, the ideal choice for all residential and commercial interior projects. Hence, with the expanding construction activities, the demand for polyurethane is also expected to increase.
On the basis of formulation, the paints and coatings market is categorized into water-based, solvent-based, powder coatings, and UV coatings. During the forecast period, the volume sales of UV coatings is expected to witness the highest growth in the market, with 7.3% CAGR. These coatings have certain advantages over other types, such as reduced environmental impact, zero pot life issues, rapid cure speed, and low energy costs. Thus, these properties of this formulation type is leading to its increased demand in industries such as aerospace, wood work, and shipping.
In terms of application, the paints and coatings market is segmented into architectural and decorative, industrial, and marine. During the forecast period, the volume sales of painting and coating are expected to witness the highest growth for industrial application, with a CAGR of 5.5%. Increasing demand for painting and coating solutions from industries such as consumer goods, automotive, and machine manufacturing is driving the market growth.
APAC is expected to be the fastest growing paints and coatings market during the forecast period, with respective volume and value CAGRs of 7.2% and 8.3%. The growth of the market in the region is driven by air pollution regulations, which is expected to be a driving force behind the adoption of new coating resins and formulations. Furthermore, the expanding construction industry in countries such as China and India coupled with increasing government and private spending on commercial and residential construction applications, is expected to lead to an increase in construction activities, which in turn is likely to boost the market growth.
The introduction of nanotechnology has played a significant role in the industry. Apart from developing zero or low VOC content formulations, industry players are also focusing on developing nano paints and coatings that will have superior characteristics. This includes the introduction of ceramic or metals in various types of formulations. The integration carried out can be in the form of granules, free powder or particles, which are then inserted in the finished product matrix. Hence, these advancements in technology and introduction of new products are expected to augment the growth of the paints and coatings market.
*Key Topics Covered:*
*Table of Contents *
*Chapter 1. Research Background*
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
*Chapter 2. Research Methodology*
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
*Chapter 3. Executive Summary*
*Chapter 4. Introduction*
4.1 Definition of Market Segments
4.1.1 By Resin Type
4.1.2 By Formulation
126.96.36.199 Powder coatings
188.8.131.52 UV coatings
4.1.3 By Application
184.108.40.206 Architectural and decorative
220.127.116.11.1 Automotive OEM
18.104.22.168.2 Automotive refinish
4.2 Value Chain Analysis
4.3 Market Dynamics
22.214.171.124 Increasing adoption of smart coatings
126.96.36.199 Growth of the construction industry
188.8.131.52 Increasing demand for automobiles
184.108.40.206 Growing demand from the oil and gas industry
220.127.116.11 Impact analysis of drivers on market forecast
18.104.22.168 Increasing raw material prices
22.214.171.124 Impact analysis of restraints on market forecast
126.96.36.199 Introduction of nanotechnology
*Chapter 5. Global Paints and Coatings Market*
*Chapter 6. North America Market Size and Forecast*
*Chapter 7. Europe Market Size and Forecast*
*Chapter 8. APAC Market Size and Forecast*
*Chapter 9. RoW Market Size and Forecast*
*Chapter 10. Competitive Landscape*
10.1 Market Share Analysis of Key Players
10.2 Competitive Benchmarking of Key Players
10.3 Global Strategic Developments of Key Players
10.3.1 Mergers and Acquisitions
10.3.2 Product Launches
10.3.3 Facility Expansions
*Chapter 11. Company Profiles*· Akzo Nobel N.V.
· PPG Industries Inc.
· The Sherwin-Williams Company
· Kansai Paint Co. Ltd.
· Nippon Paint Holdings Co. Ltd.
· BASF SE
· RPM International Inc.
· Jotun A/S
· Axalta Coating Systems Ltd.
· Masco Corporation
For more information about this report visit https://www.researchandmarkets.com/research/8ttq77/global_paints_and?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Paints and Coatings Reported by GlobeNewswire 12 hours ago.
This week, Research Frontiers licensee Vision Systems showcasing SPD-
SmartGlass EDW solutions at UMA Motorcoach Expo 2019 in Ft. Lauderdale, Florida.
Woodbury, New York, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Research Frontiers SPD-SmartGlass technology is used worldwide to improve the passenger experience onboard cars, aircraft, trains, and marine vessels. This week’s UMA Expo (United Motorcoach Association) in Ft. Lauderdale is the stage for the development of SPD-SmartGlass in another transportation segment – the motorcoach / luxury bus sector. SPD-SmartGlass instantly controls and manages both beneficial and undesirable outside elements entering motorcoaches through passenger windows, skylights and windshields – providing an unprecedented level of comfort and enjoyment for passengers.
Research Frontiers licensee Vision Systems noted in their UMA press release: “Vision Systems will exhibit an electronically dimmable solution to present the different possible applications in the coach market. Directly integrated into the glazing, these systems allow the passengers to instantly change the opacity of their window from clear to dark in order to regulate daylight, glare and heat entering in, while preserving the view or offering privacy. They enhance visual, thermal and acoustic comfort, for a greater wellness atmosphere.”
SPD-SmartGlass electronically dimmable windows (EDWs) dramatically improve the passenger experience, by instantly and precisely managing the optimal amount of healthy daylight for passenger comfort and well-being, and rejecting uncomfortable amount of heat and noise. Also, a critical feature of the motorcoach passenger experience is experiencing the magnificent views. With windows using traditional shades, passenger views are blocked at all times that sunlight, glare or heat need to be controlled. SPD-SmartGlass is the only solution that enables passengers to “tune” the window’s tint to a level that allows them to continue enjoying views yet remain comfortable, even in direct sun conditions.
Most motorcoach windows use heavily tinted windows to manage excessive light, glare or heat. While this reduces somewhat the time the shade has to be down, it remains ineffective for many conditions. Also, it limits passengers’ experience of views during dusk, nighttime and dawn hours. This is due to the fact that when outside light levels are low, a heavily tinted window blocks or degrades elements of the scene outside. During these hours, the high optical clarity of SPD-SmartGlass in the “clear” state eliminates this problem.
Features of Vision Systems’ SPD-SmartGlass EDWs for motorcoaches include:
· Different zones of an EDW can be independently controlled.
· All EDWs can be controlled centrally with a master control, or automatically with light sensors.
· The level of noise in the motorcoach is reduced.
· The EDWs automatically turn to the darkest state when the motorcoach engine is off, keeping the interior cooler and offering lower air-conditioning consumption and greater energy savings.
· An ergonomic SPD-Smart dimmable motorcoach sun visor increases safety.
· The electronics are integrated into the EDW, which facilitates OEM and aftermarket installations.
*About Research Frontiers Inc. *
Research Frontiers (Nasdaq: REFR) is a publicly traded technology company and the developer of patented SPD-Smart light-control film technology which allows users to instantly, precisely and uniformly control the shading of glass or plastic products, either manually or automatically. Research Frontiers has licensed its smart glass technology to over 40 companies that include well known chemical, material science and glass companies. Products using Research Frontiers’ smart glass technology are being used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums and other buildings. For more information, please visit our website at www.SmartGlass.com, and on Facebook, Twitter, LinkedIn and YouTube.
Note: From time to time Research Frontiers may issue forward-looking statements which involve risks and uncertainties. This press release contains forward-looking statements. Actual results could differ and are not guaranteed. Any forward-looking statements should be considered accordingly. "SPD-Smart" and “SPD-SmartGlass” are trademarks of Research Frontiers Inc.
*For further information, please contact:*
Joseph Harary – President and CEO
Research Frontiers Inc.
· Research Frontiers SPD-SmartGlass technology Reported by GlobeNewswire 12 hours ago.
Starz announced on Thursday that it has acquired four new documentaries, including “Daughters of the Sexual Revolution,” about a controversy surrounding the Dallas Cowboys cheerleaders, and the Oscar-shortlisted documentary feature “Of Fathers and Sons.”
“Daughters of the Sexual Revolution: The Untold Story of the Dallas Cowboys Cheerleaders,” is a behind-the-scenes story of how the original Dallas Cowboys Cheerleaders became a controversial pop culture phenomenon at the height of the sexual revolution. The documentary originally premiered at the SXSW film festival in 2018, and it will be available for download or streaming via the STARZ app on Jan. 14. at 9 p.m. ET/PT.
“Of Fathers and Sons” won the Grand Jury Prize for World Cinema Documentary at Sundance in 2018, and it is now on the Oscar shortlist for Best Documentary Feature. It’s about a man who gains the trust of a radical Islamist family and follows them over the course of two years. It will air on Starz on March 11.
*Also Read:* 'Won't You Be My Neighbor,' 'Free Solo' Lead Oscar Documentary Shortlist
Starz also acquired “Inside My Heart” and “Antonio Lopez: 1970: Sex, Fashion & Disco,” which will premiere March 4 and in May, respectively. Finally, Starz also set release dates for two other recent documentary pickups, “Scotty and the Secret History of Hollywood,” which airs Feb. 11, and “White Boy,” which airs April 8.
See the full list of premiere dates and synopses for the documentaries via Starz below:
*“Daughters of the Sexual Revolution: The Untold Story of the Dallas Cowboys Cheerleaders” – January 14, 2019*
Daughters of the Sexual Revolution is the never-before-told story of Suzanne Mitchell, the fiercely loyal den mother of the original Dallas Cowboys Cheerleaders. Seen by many as regressive and exploitative, this diverse sisterhood of small-town “girls next door” became a controversial pop culture phenomenon at the height of the Sexual Revolution, changing the game of football – and America – forever. Directed by Dana Adam Shapiro.
*“Scotty and the Secret History of Hollywood” – February 11, 2019*
Scotty and the Secret History of Hollywood is the deliciously scandalous story of Scotty Bowers, a handsome ex-Marine who landed in Hollywood after the Second World War and became confidant, aide-de-camp and lover to many of Hollywood’s greatest male – and female – stars. An unsung Hollywood legend, Bowers would cater to the sexual appetites of celebrities – straight, gay and omnivorous — for decades. In 2012, he finally spilled his secrets in the bestselling memoir Full Service, which revealed a dramatic counter-narrative about Hollywood’s Golden Age. GALECA: The Society of LGBTQ Entertainment Critics recently named Scotty and the Secret History of Hollywood a nominee for “LGBTQ Documentary of the Year” for its 10th Annual Dorian Awards.
*“Inside My Heart” – March 4, 2019*
At the peak of the refugee and migrant crisis, three families are forced to flee war-torn Syria and Afghanistan, seeking safe harbor on foreign shores. In the wake of witnessing unthinkable atrocities and having the lives they’ve known wrested away, these people – mothers, fathers, sons and daughters – exhibit remarkable resilience as they fight for survival. Inside My Heart allows us to witness the families’ struggles and frustrations over the course of three years and better understand the hopes they have for their children. Ultimately, it serves as a vital reminder about the human beings who have been swept up in a global crisis that involves 68 million refugees and represents the largest human exodus since the Second World War. Directed by Debra Kellner and produced by Lionsgate founder Frank Giustra.
*“Of Fathers and Sons” – March 11, 2019*
After his Sundance award-winning documentary The Return to Homs, Talal Derki returned to his homeland where he gained the trust of a radical Islamist family, sharing their daily life for more than two years. His camera focuses mainly on the children, providing an extremely rare insight into what it means to grow up with a father whose only dream is to establish an Islamic Caliphate. Thirteen-year-old Osama and his 12-year-old brother Ayman are in the center of the story. They both love and admire their father and obey his words, but while Osama seems to follow the path of Jihad, Ayman wants to go back to school. The film captures the moment when the children have to let go of their youth and are finally turned into Jihadi fighters. No matter how close the war comes–one thing they have already learned: they must not cry. Of Fathers and Sons transports viewers behind “enemy” lines for a rare glimpse of a world that seems exotic and threatening. Foreign language.
*“White Boy” – April 8, 2019*
White Boy is based on the story of 17-year-old Richard Wershe, Jr. who allegedly ran a vicious, sophisticated underground cocaine operation throughout inner-city Detroit. Arrested as a teen and sentenced to life without parole, Wershe remains imprisoned 30 years later and is the subject of the 2018 Sony feature film White Boy Rick starring Matthew McConaughey. Directed by Shawn Rech, the documentary White Boy follows filmmakers as they investigate the subject of 1980’s crime folklore – interviewing journalists, police, FBI agents and hit men – to set the record straight on the urban legend known as “White Boy Rick.”
*“Antonio Lopez 1970: Sex Fashion & Disco” – May 2019*
The feature documentary Sex Fashion and Disco about Antonio Lopez (1943-1987), the most influential fashion illustrator of 1970s Paris and New York, and his colorful and sometimes outrageous milieu. A native of Puerto Rico and raised in The Bronx, Antonio was a seductive arbiter of style and glamour who, beginning in the 1960s, brought elements of the urban street and ethnicity to bear on a postwar fashion world desperate for change and diversity. Counted among Antonio’s discoveries– muses of the period–were unusual beauties such as Cathee Dahmen, Grace Jones, Pat Cleveland, Tina Chow, Jessica Lange, Jerry Hall and Warhol Superstars Donna Jordan, Jane Forth and Patti D’Arbanville among others. Jessica Lange, Karl Langerfeld, Grace Jones, Yves Saint-Laurent and more are featured in the documentary.
*Related stories from TheWrap:*
Steve Bannon Documentary 'The Brink' Acquired by Magnolia Pictures Ahead of Sundance
Ron Howard's 'Pavarotti' Documentary Acquired by CBS Films
Netflix Acquires Documentary About Disastrous Fyre Music Festival Reported by The Wrap 11 hours ago.
Ship traffic Due to arrive today SHIP FROM PORT Bay Bridge Long Beach OAK Ever Eagle Los Angeles OAK Ever Liberal Los Angeles OAK Gudrun Maersk Los Angeles OAK MOL Motivator Los Angeles OAK MSC Branka Long Beach OAK President Eisenhower San Pedro, L.A. County OAK Due to depart today SHIP TO PORT Glovis Captain Port Unknown SFO Hyundai Busan Busan, South Korea OAK Matsonia Honolulu OAK Mol Experience Los Angeles OAK MSC Branka Roberts Bank, B.C. OAK NYK Diana Tokyo OAK Theseus Kaohsiung, Taiwan OAK Source: S.F. Marine Exchange
Reported by SFGate 11 hours ago.
The Punisher is back for more! The highly anticipated second season of the Marvel series is set to premiere on Netflix on January 18. In the new season, former marine-turned-vigilante Frank Castle (Jon Bernthal) has been living a quiet life on the road until he suddenly becomes embroiled in the attempted murder of a young [...]
Reported by Just Jared 10 hours ago.
The oceans are warming faster than previously estimated, setting a new temperature record in 2018 in a trend that is damaging marine life, scientists said on Thursday.
Reported by Reuters India 9 hours ago.