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May 31, 2010

RPM Subsidiaries Move to Permanently Resolve Bondex Asbestos Liability

Filed under: Press Releases — Tags: , , , , — The Editor @ 6:56 pm

crwe-newswire

MEDINA, Ohio, - May 31, 2010 (CRWE NEWSWIRE) - RPM International Inc. (NYSE:RPM - News) announced today that action is being taken to permanently resolve current and future asbestos claims associated with Bondex International, Inc. (Bondex). In order to initiate this process, two non-operating subsidiaries, Bondex and Specialty Products Holding Corp. (SPHC), have filed Chapter 11 reorganization proceedings in Delaware. RPM and all of its operating subsidiaries are not part of the Chapter 11 filing and will not be affected by it.

SPHC is the holding company for Bondex. It also serves as the holding company for various operating companies that are not part of the reorganization filing. The SPHC operating companies include Chemical Specialties Manufacturing Corp.; Day-Glo Color Corp.; Dryvit Systems, Inc.; Guardian Protective Products, Inc.; Kop-Coat, Inc.; RPM Wood Finishes Group, Inc.; and TCI, Inc. All of these SPHC non-filing operating companies will continue to operate as usual and without interruption.

With fiscal 2009 revenues of $329 million and $19 million of pre-tax income, SPHC and its subsidiaries represented less than 10% of RPM’s consolidated revenues and less than 11% of its consolidated pre-tax income for fiscal 2009.

The filings will stay all litigation related to the asbestos personal injury lawsuits against Bondex and SPHC. As a result, RPM anticipates that its annual consolidated cash flow will improve by approximately $50 million.

The Chapter 11 proceedings will enable SPHC and Bondex to establish a section 524(g) trust accompanied by a court order that will direct all future Bondex-related claims to the trust, which will then compensate only meritorious claims at appropriate values. Because the Bondex asbestos liability is confined to two subsidiaries, asbestos recoveries will be limited to some portion of the value of the affected entities.

SPHC has secured a commitment for $40 million in new “debtor-in-possession” financing from a lender group led by Wells Fargo Capital Finance LLC. This financing will provide SPHC with the financial resources to fund the costs of the Chapter 11 proceeding.

As a result of the filing, the financial results of SPHC and its subsidiaries will not be consolidated with those of RPM and its other subsidiaries. During the period of reorganization, beginning on May 31, 2010, SPHC and its subsidiaries will be presented in RPM’s financial statements as an investment using the cost method. Since the asbestos liabilities reside with Bondex, its asbestos liability reserves will no longer be reflected on RPM’s consolidated financial statements as of May 31, 2010.

“This action has been taken to once and for all resolve the asbestos-related Bondex legacy liability,” stated Frank C. Sullivan, RPM’s chairman and chief executive officer. “These filings bring an immediate halt to all tort system costs associated with the Bondex asbestos liabilities, and enable the filing entities to utilize section 524(g) and other provisions of the U.S. Bankruptcy Code to achieve a permanent and comprehensive resolution of asbestos-related liability. Initiation of this action will allow RPM to grow from a June 1, 2010 pro forma revenue base of approximately $3.1 billion no longer impacted by Bondex asbestos liability claims or related cash costs,” Mr. Sullivan added.

Webcast and Conference Call Information

Management will host a conference call to further discuss this announcement beginning at 9:00 a.m. EDT on Tuesday, June 1, 2010. The call can be accessed by dialing 866-730-5762 or 857-350-1586 for international callers. It will also be webcast live, complete with slides, via the RPM website at www.rpminc.com.

Participants should access the conference approximately 10 minutes before the start time in order to complete the registration process. The conference, which will last approximately one hour, will be open to the public, but only financial analysts will be permitted to ask questions and must do so via phone. The media and all other participants will be in a listen-only mode.

For those unable to listen to the live call, a replay will be available from approximately noon EDT on June 1, 2010 until 11:59 p.m. EDT on June 8, 2010. The replay can be accessed by dialing 888-286-8010 or 617-801-6888 for international callers. The access code is 11767279. The call will also be available for replay and as a written transcript at www.rpminc.com.

About RPM

RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. RPM’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Universal Sealants and Euco. RPM’s consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors. Additional details are available at www.rpminc.com.

For more information, contact Robert L. Matejka, senior vice president and chief financial officer, at 330-273-8845 or rmatejka@rpminc.com.

Media Contact:

Kathie Rogers
Manager of Investor Relations
330-273-8813

This press release contains “forward-looking statements” relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us, and are subject to uncertainties and factors (including those specified below) which are difficult to predict and, in many instances, are beyond our control. As a result, our actual results could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) global markets and general economic conditions, including uncertainties surrounding the volatility in financial markets, the availability of capital and the effect of changes in interest rates, and the viability of banks and other financial institutions; (b) the prices, supply and capacity of raw materials, including assorted pigments, resins, solvents and other natural gas- and oil-based materials; packaging, including plastic containers; and transportation services, including fuel surcharges; (c) continued growth in demand for our products; (d) legal, environmental and litigation risks inherent in our construction and chemicals businesses and risks related to the adequacy of our insurance coverage for such matters; (e) the effect of changes in interest rates; (f) the effect of fluctuations in currency exchange rates upon our foreign operations; (g) the effect of non-currency risks of investing in and conducting operations in foreign countries, including those relating to domestic and international political, social, economic and regulatory factors; (h) risks and uncertainties associated with our ongoing acquisition and divestiture activities; (i) risks related to the adequacy of our contingent liability reserves, including for asbestos-related claims and warranty obligations; and (j) other risks detailed in our filings with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended May 31, 2009, as the same may be updated from time to time. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

 

 

 

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CRWENewswire.com is not a registered investment advisor or broker-dealer. CRWENewswire.com and Crown Equity Holdings, Inc., (CRWE) affiliates, officers, directors, contractors and employees, including may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

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Port Metro Vancouver and CN enter into supply chain collaboration agreement to further improve gateway competitiveness

Filed under: Press Releases — Tags: , , , , — The Editor @ 6:54 pm

crwe-newswire

VANCOUVER and MONTREAL, - May 31, 2010 (CRWE NEWSWIRE) - Port Metro Vancouver and CN (TSX:CNR.to - News)(NYSE:CNI - News) announced today a supply chain collaboration agreement to drive further efficiencies at the port and recognize the importance of balanced accountability.

The agreement sets the framework for the Port, CN and port stakeholders to develop mechanisms to define, measure, monitor and evaluate the performance of each participant at the port against established benchmarks. It also establishes processes to proactively communicate on service-related matters and resolve disputes between CN, the Port and port supply chain participants on a commercial basis.

Robin Silvester, Port Metro Vancouver president and chief executive officer, said: “I am pleased that we were able to work collaboratively with CN on this initiative. The agreement will help align port stakeholders’ interests and ensure that each party is accountable for the optimal performance of the Vancouver Gateway.”

Claude Mongeau, CN president and chief executive officer, said: “CN is encouraged that CN and Port Metro Vancouver reached this innovative pact through commercial negotiation. The agreement will focus stakeholders on working together to achieve continuous improvement in supply chain performance at the port.”

Port Metro Vancouver and CN believe that supply chain collaboration is the best way to help increase Canada’s commerce with the Asia-Pacific region, enlarge the Gateway’s share of Asian containerized imports to North America, and improve Gateway competitiveness for Canadian and North American exports.

Port Metro Vancouver is Canada’s largest and North America’s most diversified port, trading $75 billion in goods with more than 160 trading economies annually. Port activities generate 129,500 total jobs across Canada, $10.5 billion in GDP and $22 billion in economic output.

Forward-Looking Statements

Certain information included in this news release constitutes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. CN cautions that, by their nature, these forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty.

Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results of performance of the Company or the rail industry to be materially different from the outlook or any future results or performance implied by such statements. Important factors that could affect the above forward-looking statements include, but are not limited to, the effects of general economic and business conditions, industry competition, inflation, currency and interest rate fluctuations, changes in fuel prices, legislative and/or regulatory developments, compliance with environmental laws and regulations, actions by regulators, various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes, labor negotiations and disruptions, environmental claims, uncertainties of investigations, proceedings or other types of claims and litigation, risks and liabilities arising from derailments, and other risks detailed from time to time in reports filed by CN with securities regulators in Canada and the United States. Reference should be made to “Management’s Discussion and Analysis” in CN’s annual and interim reports, Annual Information Form and Form 40-F filed with Canadian and U.S. securities regulators, available on CN’s website, for a summary of major risks.

CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable Canadian securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related maters, or any other forward-looking statement.

CN - Canadian National Railway Company and its operating railway subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America. For more information on CN, visit the company’s website at www.cn.ca.

 

 

 

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CRWENewswire.com is an independent electronic informative online financial news publication company dedicated in providing company associates, business and financial professionals with economic and investment information, as well as stock highlights. CRWENewswire.com is a division of Crown Equity Holdings, Inc.

CRWENewswire.com is not a registered investment advisor or broker-dealer. CRWENewswire.com and Crown Equity Holdings, Inc., (CRWE) affiliates, officers, directors, contractors and employees, including may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

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Dendreon Announces Presentation of PROVENGE Data at the American Urological Association Annual Meeting

crwe-newswire

SEATTLE and SAN FRANCISCO, - May 31, 2010 (CRWE NEWSWIRE) - Dendreon Corporation (Nasdaq:DNDN - News) today announced the presentation of safety data from the integrated analysis of four randomized PROVENGE® (sipuleucel-T) clinical trials of an autologous cellular immunotherapy in prostate cancer at the 105th Annual Scientific Meeting of the American Urological Association (AUA) in San Francisco.

“The approval of PROVENGE provides us with an important new, front-line option for men with asymptomatic or minimally symptomatic metastatic castrate resistant (hormone refractory) prostate cancer,” said Simon Hall, M.D., director of the Barbara and Maurice Deane Prostate Health and Research Center at Mount Sinai Medical Center.

The analysis includes data from four randomized trials in patients with either metastatic castrate resistant prostate cancer (Studies D9901, D9902A, IMPACT) or androgen dependent prostate cancer (Study P-11) that were integrated to examine the safety profile of PROVENGE across the four studies. The safety evaluation of PROVENGE was based on 601 prostate cancer patients in four randomized clinical trials who underwent at least one leukapheresis procedure. The abstract presented was a poster presentation by Dr. Hall, titled “Integrated safety results from 4 randomized, double-blind, placebo-controlled studies of sipuleucel-T (abstract #1000875).”

PROVENGE is the first autologous cellular immunotherapy to be approved by the U.S. Food and Drug Administration for the treatment of asymptomatic or minimally symptomatic metastatic castrate resistant (hormone refractory) prostate cancer.

PROVENGE Important Safety Information

PROVENGE is intended solely for autologous use and is not routinely tested for transmissible infectious diseases.

In controlled clinical trials, serious adverse events reported in the PROVENGE group include acute infusion reactions (occurring within 1 day of infusion) and cerebrovascular events. Severe (Grade 3) acute infusion reactions were reported in 3.5% of patients in the PROVENGE group. Reactions included chills, fever, fatigue, asthenia, dyspnea, hypoxia, bronchospasm, dizziness, headache, hypertension, muscle ache, nausea, and vomiting. No Grade 4 or 5 acute infusion reactions were reported in patients in the PROVENGE group.

The most common adverse events (incidence greater than or equal to 15%) reported in the PROVENGE group are chills, fatigue, fever, back pain, nausea, joint ache, and headache.

To fulfill a post marketing requirement and as a part of the company’s ongoing commitment to patients, Dendreon will conduct a registry of approximately 1,500 patients to further evaluate a small potential safety signal of cerebrovascular events. In four randomized clinical trials of PROVENGE in prostate cancer patients, cerebrovascular events were observed in 3.5% of patients in the PROVENGE arm compared with 2.6% of patients in the control arm.

About Active Cellular Immunotherapy

PROVENGE is classified by the FDA as an autologous cellular immunotherapy. It is designed to be an active cellular immunotherapy. Active cellular immunotherapy is designed to stimulate a T-cell response to cancer cells. An immune response is started by a specialized class of immune system cells called antigen-presenting cells (APCs). APCs take up antigen from their surroundings and process the antigen into fragments that are then displayed on the APC surface. Once displayed, these antigens can be recognized by specific classes of immune cells called T lymphocytes (T-cells), which are activated as a result of their engagement with APCs and combat disease by seeking antigen-bearing cells directly. PROVENGE is designed to target the prostate cancer antigen prostatic acid phosphatase (PAP), an antigen that is expressed in more than 95 percent of all prostate cancers.

About Dendreon

Dendreon Corporation is a biotechnology company targeting cancer and transforming lives through the discovery, development, commercialization and manufacturing of novel therapeutics. The Company applies its expertise in antigen identification, engineering and cell processing to produce active cellular immunotherapy product candidates designed to stimulate an immune response in a variety of tumor types. Dendreon’s first autologous cellular immunotherapy product, PROVENGE® (sipuleucel-T), was approved by the FDA in April 2010 for the treatment of asymptomatic or minimally symptomatic metastatic castrate resistant (hormone refractory) prostate cancer. Dendreon also is developing an orally-available small molecule that targets TRPM8 that could be applicable to multiple types of cancer. The Company is headquartered in Seattle, Washington and is traded on the Nasdaq Global Market under the symbol DNDN. For more information about the Company and its programs, visit www.dendreon.com

This news release contains forward-looking statements that are subject to risks and uncertainties. Factors that could affect these forward-looking statements include, but are not limited to, developments affecting Dendreon’s business and prospects, including commercialization of PROVENGE. Information on the factors and risks that could affect Dendreon’s business, financial condition and results of operations are contained in Dendreon’s public disclosure filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Dendreon cautions investors not to place undue reliance on the forward-looking statements contained in this press release. All forward-looking statements are based on information currently available to Dendreon on the date hereof, and Dendreon undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this press release, except as required by law.

 

 

 

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CRWENewswire tracks and announces stocks daily and is pleased to offer its Stock Alerts. Investors can receive FREE Stock Alerts by visiting http://www.crwenewswire.com/signup

About CRWENewswire.com

CRWENewswire.com is an independent electronic informative online financial news publication company dedicated in providing company associates, business and financial professionals with economic and investment information, as well as stock highlights. CRWENewswire.com is a division of Crown Equity Holdings, Inc.

CRWENewswire.com is not a registered investment advisor or broker-dealer. CRWENewswire.com and Crown Equity Holdings, Inc., (CRWE) affiliates, officers, directors, contractors and employees, including may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com, and/or Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.

Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. (read more) Rule 17B requires disclosure of payment for investor relations.

 

Astral launches French-language Playhouse Disney Channel with Bell TV

Filed under: Press Releases — Tags: , , , — The Editor @ 6:48 pm

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TORONTO, - May 31, 2010 (CRWE NEWSWIRE) - Astral Media (TSX: ACM.A/ACM.B) today announced that it will launch a French-language version of the Playhouse Disney channel. Featuring entertaining and learning-based programming for younger audiences, this service will feature popular programming from Disney together with celebrated Canadian series. The channel will be available to Bell TV subscribers across Canada on July 5.

“Building on the well-known Disney brand and the vibrant legacy of characters such as Mickey Mouse, Playhouse Disney has proven to be a popular destination for engaging, learning-focused and fun programming for families in English Canada. As such, Astral chose to build on this strong brand and leverage its long-standing relationship with Disney to launch Playhouse Disney under our existing preschool licence,” said Marie Collin, Senior Vice President Programming and Communications, Canal Vie, VRAK.TV and Ztélé.

“Playhouse Disney programming is already available throughout the world in a multitude of languages so the introduction of this service is a logical next step for our business and a natural extension of Astral’s commitment to providing relevant, appropriate and highly entertaining programming to families across Canada,” added Dominique Cornellier, Vice President Marketing and Communication, Astral Tele Reseaux. “With the debut of the French-language channel, francophone families will now also have the opportunity to enjoy the exclusive and quality programming that Disney is known for, all in a safe and commercial-free environment. The service will also provide an opportunity to showcase the best in Canadian programming including the newly developed series Stella and Sam, based on the popular books by Quebec writer Mary-Louise Gay.”

Kevin Crull, President of Bell Residential Services, said: “Bell is very happy to be the first television provider to offer a French-language Disney channel in Canada. By offering such entertaining and in-demand content to Canadians coast to coast, along with leading services such as remote PVR, the best HD PVR and the most HD channels, Bell continues to deliver an unparalleled TV experience.”

Playhouse Disney will air popular Disney shows including La maison de Mickey (Mickey Mouse Clubhouse), Les Zic-Magines (Imagination Movers) and Agent Spécial Oso (Special Agent Oso). Original Canadian productions such as Maggie et la Bête Féroce (Maggie and the Ferocious Beast), Elliot et ses amis (Elliot the Moose) and Les Doodlebops (The Doodlebops) and the newly developed Stella and Sam will also have pride of place on the new network.

Playhouse Disney is a commercial-free channel available in French and English to subscribers across Canada. Committed to offering engaging, educational and development-based programming for younger children, the channel offers exclusive, first-run programs from Disney together with celebrated Canadian series to create an environment for fun and learning. Visit us at www.playhousedisney.ca.

Playhouse Disney is a member of the Astral family. Astral is one of Canada’s largest media companies. It operates more than 100 of the country’s most popular pay and specialty television, radio, out-of-home advertising and digital media properties. Astral plays a central role in community life across the country by offering diverse, rich and vibrant programming that meets the tastes and needs of consumers and advertisers. To learn more about Astral, visit www.astral.com.

About Bell

Headquartered in Montréal, Bell is Canada’s largest communications company, providing consumers and business with solutions to all their communications needs, including Bell Mobility wireless, high-speed Bell Internet, Bell TV direct-to-home satellite television, Bell Home Phone local and long distance phone services, and IP-broadband and information and communications technology (ICT) services. Bell is proud to be a Premier National Partner and the Exclusive Telecommunications Partner to the Vancouver 2010 Olympic and Paralympic Winter Games.

Bell is wholly owned by BCE Inc. (TSX, NYSE: BCE). For information on Bell’s products and services, please visit www.bell.ca. For corporate information on BCE, please visit www.bce.ca.

 

 

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CRWENewswire tracks and announces stocks daily and is pleased to offer its Stock Alerts. Investors can receive FREE Stock Alerts by visiting http://www.crwenewswire.com/signup

About CRWENewswire.com

CRWENewswire.com is an independent electronic informative online financial news publication company dedicated in providing company associates, business and financial professionals with economic and investment information, as well as stock highlights. CRWENewswire.com is a division of Crown Equity Holdings, Inc.

CRWENewswire.com is not a registered investment advisor or broker-dealer. CRWENewswire.com and Crown Equity Holdings, Inc., (CRWE) affiliates, officers, directors, contractors and employees, including may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com, and/or Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.

Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. (read more) Rule 17B requires disclosure of payment for investor relations.

 

Italika Celebrates Fifth Anniversary as the Leading Motorcycle Brand in Mexico With 55% Market Share

crwe-newswire

MEXICO CITY, - May 31, 2010 (CRWE NEWSWIRE) - Grupo Elektra, S.A. de C.V. (BMV: ELEKTRA*; Latibex: XEKT), Latin America’s leading financial services company and specialty retailer, announced today that its Italika brand is celebrating its fifth anniversary, and has established itself as the leading seller of motorcycles in Mexico, with a 55% market share.

At an event attended by Ricardo Salinas, President and Founder of Grupo Salinas, at Italika’s assembly plant, which is located in Toluca, State of Mexico -with an annual production capacity of 300,000 units- Mr. Salinas congratulated the staff for generating safe, efficient and comfortable transportation options for thousands of families in Mexico and a growing number of countries in Latin America. He encouraged the team to continue expanding into new markets to benefit more users in the future.

Over the past five years, 800,000 Italika motorcycles have been sold thanks to superior designs that meet customer needs, with optimum quality control, unparalleled support and service in more than 500 service centers, and an extensive inventory of original equipment parts at the 7,000 square meter central distribution warehouse.

Grupo Elektra looks forward to providing continued efficient transportation options that improve productivity and living standards for a growing number of families with Italika products.

Company Profile:

Grupo Elektra (www.grupoelektra.com.mx) is Latin America’s leading financial services company focused on the mass market. The Group operates more than 2,000 points of sale in Mexico, Brazil, Guatemala, Honduras, Peru, Panama, El Salvador and Argentina. Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through Banco Azteca branches located in Mexico, Brazil, Panama, Guatemala, Honduras, Peru and El Salvador.

Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to build the middle class of the countries in which they operate and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. The companies include TV Azteca (www.irtvazteca.com), Azteca America (www.aztecaamerica.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx) and Grupo Iusacell (www.iusacell.com.mx). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, the member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Other risks that may affect Grupo Elektra and its subsidiaries are identified in documents sent to securities authorities.

 

 

 

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CRWENewswire tracks and announces stocks daily and is pleased to offer its Stock Alerts. Investors can receive FREE Stock Alerts by visiting http://www.crwenewswire.com/signup

About CRWENewswire.com

CRWENewswire.com is an independent electronic informative online financial news publication company dedicated in providing company associates, business and financial professionals with economic and investment information, as well as stock highlights. CRWENewswire.com is a division of Crown Equity Holdings, Inc.

CRWENewswire.com is not a registered investment advisor or broker-dealer. CRWENewswire.com and Crown Equity Holdings, Inc., (CRWE) affiliates, officers, directors, contractors and employees, including may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com, and/or Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.

Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. (read more) Rule 17B requires disclosure of payment for investor relations.

 
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