Le Lézard
Classified in: Tourism and vacations, Business
Subjects: ERN, CCA, ERP

AGS Reports Second Quarter 2019 Results


LAS VEGAS, Aug. 7, 2019 /PRNewswire/ -- AGS (NYSE: AGS) ("AGS", "us", "we" or the "Company") today reported operating results for its second quarter ended June 30, 2019.

AGS Logo (PRNewsfoto/AGS)

"Results in the second quarter were mixed, with 2% year-over-year growth in both total and recurring revenue offset by a slight decrease in Adjusted EBITDA.  The decrease was related to increased operating expenses as we continue to invest in strategic areas of our business, particularly in R&D, to capitalize on the vast whitespace in front of us," said David Lopez, President and Chief Executive Officer. "With our many upcoming product launches, including the Orion UprightSM and three new slot innovations which we'll showcase at G2E, we remain confident in the many opportunities for sustainable growth in the back half of 2019 and beyond."

Summary of the Three Months Ended June 30, 2019 and 2018

(In thousands, except per-share data)



Three Months Ended June 30,


2019


2018


$ Change


% Change

Revenues:








EGM

$

70,978



$

69,319



$

1,659



2.4

%

Table Products

2,420



1,792



628



35.0

%

Interactive

1,111



1,711



(600)



(35.1)

%

Total revenues

$

74,509



$

72,822



$

1,687



2.3

%

Operating income

1,995



11,024



(9,029)



(81.9)

%

Net loss attributable to PlayAGS, Inc.

$

(7,557)



$

(5,310)



$

(2,247)



42.3

%

Loss per share

$

(0.21)



$

(0.15)



$

(0.06)



(40.0)

%









Adjusted EBITDA:








EGM

$

35,541



$

36,867



$

(1,326)



(3.6)

%

Table Products

807



70



737



1,052.9

%

Interactive

(603)



(355)



(248)



(69.9)

%

Total Adjusted EBITDA(1)

$

35,745



$

36,582



$

(837)



(2.3)

%

Total Adjusted EBITDA margin(2)

48.0

%


50.2

%


N/A



(220)bps


Second Quarter 2019 Financial Highlights

 

(1)

Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see non-GAAP reconciliation below.

(2)

Basis points ("bps")

 

EGM


Three Months Ended June 30, 2019 compared to Three Months Ended June 30, 2018


(Amounts in thousands, except unit data)

Three months ended June 30,






2019


2018


$ Change


% Change

EGM segment revenues:








Gaming operations

$

50,161



$

49,150



$

1,011



2.1

%

Equipment sales

20,817



20,169



648



3.2

%

Total EGM revenues

$

70,978



$

69,319



$

1,659



2.4

%









EGM Adjusted EBITDA

$

35,541



$

36,867



$

(1,326)



(3.6)

%









EGM unit information:








VLT

517



1,217



(700)



(57.5)

%

Class II

12,154



12,206



(52)



(0.4)

%

Class III

5,750



3,224



2,526



78.3

%

Domestic installed base, end of period

18,421



16,647



1,774



10.7

%

International installed base, end of period

8,596



7,876



720



9.1

%

Total installed base, end of period

27,017



24,523



2,494



10.2

%









Domestic revenue per day

$

26.16



$

27.79



$

(1.63)



(5.9)

%

International revenue per day

$

8.22



$

8.80



$

(0.58)



(6.6)

%

Total revenue per day

$

20.49



$

21.77



$

(1.28)



(5.9)

%









Domestic EGM units sold

1,053



1,058



(5)



(0.5)

%

International EGM units sold

128



?



128



100.0

%

Total EGM units sold

1,181



1,058



123



11.6

%









Domestic average sales price

$

18,178



$

18,728



$

(550)



(2.9)

%

EGM Highlights

 

(3)

The VLT units were not included in our sold unit count for either period.

(4)

Footprint includes sold and leased units.

 

Table Products


Three Months Ended June 30, 2019 compared to Three Months Ended June 30, 2018


(Amounts in thousands, except unit data)

Three months ended June 30,






2019


2018


$ Change


% Change

Table Products segment revenues:








Gaming operations

$

2,321



$

1,693



$

628



37.1

%

Equipment sales

99



99



?



?

%

Total Table Products revenues

$

2,420



$

1,792



$

628



35.0

%









Table Products Adjusted EBITDA

$

807



$

70



$

737



1,052.9

%









Table Products unit information:








Table Products installed base, end of period

3,380



2,737



643



23.5

%

Average monthly lease price

$

230



$

213



$

17



8.0

%

Table Products Highlights

 

Interactive


Three Months Ended June 30, 2019 compared to Three Months Ended June 30, 2018


(Amounts in thousands)

Three months ended June 30,






2019


2018


$ Change


% Change

Interactive segment revenue:








Social gaming revenue

$

890



$

1,660



$

(770)



(46.4)

%

Real Money Gaming revenue

221



51



170



333.3

%

Total Interactive revenue

$

1,111



$

1,711



$

(600)



(35.1)

%









Interactive Adjusted EBITDA

$

(603)



$

(355)



$

(248)



(69.9)

%

Interactive Highlights

Operating Expenses

SG&A expenses decreased $0.7 million year-over-year to $14.6 million in the second quarter of 2019, primarily due to a decrease of $2.2 million in professional fees related to costs associated with the acquisition and integration of Gameiom Technologies Limited ("Gameiom") and secondary offering costs in the prior year and decreased marketing costs of $0.3 million driven by strategically optimizing social gaming user acquisition costs. The decreases were offset by increases in stock-based compensation of $1.0 million and increased headcount related costs of $0.7 million.

R&D expenses increased $1.5 million year-over-year to $8.4 million in the second quarter of 2019 due to an increase of $0.6 million of stock-based compensation, $0.6 million in increased development costs, $0.4 million in increased headcount related costs partially due to the opening of our new design studios in Sydney, Australia and Reno, Nevada, and $0.2 million in increased costs associated with iGaming.

Balance Sheet Review

As of June 30, 2019, we had $18.0 million in cash and cash equivalents compared to $70.7 million at December 31, 2018. Total net debt, which is the principal amount of debt outstanding less cash and cash equivalents as of June 30, 2019, was approximately $518.4 million compared to $468.1 million at December 31, 2018. Net debt as of June 30, 2019 increased by $50.3 million compared to December 31, 2018, primarily driven by the acquisition of Integrity.  Our Adjusted Total Net Debt Leverage Ratio increased from 3.4 times at December 31, 2018, to 3.6 times at June 30, 2019, see Total Net Debt Leverage Ratio Reconciliation below.(5) Capital expenditures increased $2.0 million to $15.1 million in the second quarter, compared to $13.1 million in the prior year period, primarily due to increased placements fees.

2019 Outlook

Based on our year to date progress, we are revising our annual adjusted EBITDA guidance.  We now expect to generate total adjusted EBITDA of $145 - $150 million in 2019, representing growth of approximately 6% - 10% compared to the prior year period. The change is due to several factors, including: (1) decreased gaming operations revenue in our EGM segment, largely due to product underperformance in Oklahoma, (2) decreased gaming operations revenue in our Interactive segment caused by delayed entry into New Jersey, as well as select markets in Europe and Latin America, and (3) decreased sales revenue from our EGM segment due to anticipated softness from certain corporate customers.  We continue to expect 2019 capital expenditures to be in the range of $65 - $69 million, compared to $66.2 million in 2018, reflecting an expectation for an increase in our EGM installed base in existing markets.

(Amounts in millions)

2018
Actual
Results


Previous
2019
Guidance


Previous
Growth
Percentage


Revised
2019
Guidance


Revised
Growth
Percentage

Adjusted EBITDA

$136.2


$160 - $164


17% - 20%


$145 - $150


6% - 10%

Capex

$66.2


$65 - $69


(2%) - 4%


$65 - $69


(2%) - 4%


Conference Call and Webcast

On August 7, 2019, at 5 p.m. EDT, AGS leadership will host a conference call to present the second quarter 2019 results. Listeners may access a live webcast of the conference call, along with accompanying slides, at AGS' Investor Relations website at http://investors.playags.com/. A replay of the webcast will be available on the website following the live event. To listen by telephone, the U.S./Canada toll-free call-in number is +1 (844) 746-0637 and the call-in number for participants outside the U.S./Canada is +1 (412) 317-5261. The conference ID/confirmation code is "AGS Q2 2019 Earnings Call".

(5) Total Adjusted EBITDA, total net debt leverage ratio, and adjusted total net debt leverage ratio are non-GAAP measures, see non-GAAP reconciliation below.

Company Overview

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II tribal gaming market, but our customer-centric culture and remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly rated social casino and real-money gaming solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at playags.com.

AGS Media & Investor Contacts:

Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
[email protected]

Steven Kopjo, Director of Investor Relations
[email protected]

©2019 PlayAGS, Inc. All® notices signify marks registered in the United States.  All tm and SM notices signify unregistered trademarks. Some trademarks with a tm notice are registered in the United States as a design mark. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc.

Forward-Looking Statement

This release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management's current expectations and projections, which are intended to qualify for the safe harbor of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the proposed public offering and other statements identified by words such as "believe," "will," "may," "might," "likely," "expect," "anticipates," "intends," "plans," "seeks," "estimates," "believes," "continues," "projects" and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.

These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS's performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, have its games approved by relevant jurisdictions and other factors set forth under Item 1. "Business," Item 1A. "Risk Factors" in AGS's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 5, 2019. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


PLAYAGS, INC.

CONSOLIDATED BALANCE SHEETS

(amounts in thousands, except share and per share data)



June 30,


December 31,


2019


2018

Assets

Current assets




Cash and cash equivalents

$

17,974



$

70,726


Restricted cash

20



78


Accounts receivable, net of allowance of $891 and $855 respectively

49,806



44,704


Inventories

30,195



27,438


Prepaid expenses

5,390



3,566


Deposits and other

4,682



4,231


Total current assets

108,067



150,743


Property and equipment, net

103,327



91,547


Goodwill

285,186



277,263


Intangible assets

243,949



196,898


Deferred tax asset

2,426



2,544


Operating leases

11,908



?


Other assets

6,637



12,347


Total assets

$

761,500



$

731,342






Liabilities and Stockholders' Equity

Current liabilities




Accounts payable

$

13,568



$

14,821


Accrued liabilities

33,334



26,659


Current maturities of long-term debt

6,036



5,959


Total current liabilities

52,938



47,439


Long-term debt

520,313



521,924


Deferred tax liability - noncurrent

625



1,443


Operating lease liability, long-term

11,958



?


Other long-term liabilities

42,568



24,732


Total liabilities

628,402



595,538


Commitments and contingencies




Stockholders' equity




Preferred stock at $0.01 par value; 50,000,000 shares authorized, no shares issued and outstanding

?



?


Common stock at $0.01 par value; 450,000,000 shares authorized at June 30, 2019 and at December 31, 2018; and 35,442,112, and 35,353,269 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively.

354



353


Additional paid-in capital

365,562



361,628


Accumulated deficit

(230,042)



(222,403)


Accumulated other comprehensive (loss) income

(2,904)



(3,774)


Non-controlling interest

128



?


Total stockholders' equity

133,098



135,804


Total liabilities and stockholders' equity

$

761,500



$

731,342


 


PLAYAGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(amounts in thousands, except per share data)



Three months ended June 30,


2019


2018

Revenues




Gaming operations

$

53,593



$

52,554


Equipment sales

20,916



20,268


Total revenues

74,509



72,822


Operating expenses




Cost of gaming operations(6)

10,932



9,710


Cost of equipment sales(6)

9,903



9,411


Selling, general and administrative

14,605



15,350


Research and development

8,379



6,855


Write-downs and other charges

5,036



1,005


Depreciation and amortization

23,659



19,467


Total operating expenses

72,514



61,798


Income from operations

1,995



11,024


Other expense (income)




Interest expense

9,560



8,873


Interest income

(31)



(21)


Other (income) expense

(46)



455


(Loss) income before income taxes

(7,488)



1,717


Income tax benefit (expense)

52



(7,027)


Net loss

(7,436)



(5,310)


Less: Net income attributable to non-controlling interests

(121)



?


Net loss attributable to PlayAGS, Inc

(7,557)



(5,310)


Foreign currency translation adjustment

228



(2,883)


Total comprehensive loss

$

(7,329)



$

(8,193)






Basic and diluted loss per common share:




Basic

$

(0.21)



$

(0.15)


Diluted

$

(0.21)



$

(0.15)


Weighted average common shares outstanding:




Basic

35,428



35,233


Diluted

35,428



35,233




(6)

Exclusive of depreciation and amortization.

 

PLAYAGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)



Six months ended June 30,


2019


2018

Cash flows from operating activities




Net loss

$

(7,425)



$

(14,848)


Adjustments to reconcile net loss to net cash provided by operating activities:




Depreciation and amortization

45,192



38,816


Accretion of contract rights under development agreements and placement fees

2,803



2,206


Amortization of deferred loan costs and discount

941



914


Payment-in-kind interest payments

?



(37,624)


Write-off of deferred loan cost and discount

?



3,410


Stock-based compensation expense

3,350



8,629


Provision (benefit) for bad debts

153



(148)


Loss on disposition of assets

445



1,020


Impairment of assets

5,207



995


Fair value adjustment of contingent consideration

400



600


(Benefit) provision for deferred income tax

(607)



3,090


Changes in assets and liabilities that relate to operations:




Accounts receivable

(3,461)



(11,552)


Inventories

419



(2,440)


Prepaid expenses

(1,698)



(1,685)


Deposits and other

(418)



(758)


Other assets, non-current

6,605



11,138


Accounts payable and accrued liabilities

(14,231)



(12,082)


Net cash provided by (used in) operating activities

37,675



(10,319)


Cash flows from investing activities




Business acquisitions, net of cash acquired

(50,779)



(4,452)


Purchase of intangible assets

(3,950)



(594)


Software development and other expenditures

(6,299)



(5,168)


Proceeds from disposition of assets

109



21


Purchases of property and equipment

(23,819)



(22,314)


Net used in investing activities

(84,738)



(32,507)


Cash flows from financing activities




Repayment of PIK notes

?



(115,000)


Repayment of senior secured credit facilities

(2,694)



(2,576)


Payment of financed placement fee obligations

(1,767)



(1,772)


Payments of previous acquisition obligation

(1,022)



?


Payments on equipment long-term note payable and capital leases

(695)



(1,405)


Proceeds from issuance of common stock

?



176,341


Initial public offering cost

?



(4,160)


Proceeds from stock option exercise

585



279


Distributions to non-controlling interest owners

(157)



?


Net cash (used in) provided by financing activities

(5,750)



51,707


Effect of exchange rates on cash and cash equivalents

3



6


(Decrease) increase in cash and cash equivalents

(52,810)



8,887


Cash, cash equivalents and restricted cash, beginning of period

70,804



19,342


Cash, cash equivalents and restricted cash, end of period

$

17,994



$

28,229






Supplemental cash flow information:




Non-cash investing and financing activities:




Intangible assets obtained under placement fee arrangements

$

35,003



$

?


Leased assets obtained in exchange for new finance lease liabilities

$

620



$

256


Leased assets obtained in exchange for new operating lease liabilities

$

12,668



$

?


Non-GAAP Financial Measures

To provide investors with additional information in connection with our results as determined by generally accepted accounting principles in the United States ("GAAP"), we disclose the following non-GAAP financial measures: total Adjusted EBITDA, total Adjusted EBITDA margin, total net debt leverage ratio, adjusted total net debt leverage ratio, and Free Cash Flow. These measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for net income, operating income, cash flows, or any other measure calculated in accordance with GAAP, and may not be comparable to similarly titled measures reported by other companies.

Total Adjusted EBITDA

This press release and accompanying schedules provide certain information regarding Adjusted EBITDA, which is considered a non-GAAP financial measure under the rules of the Securities and Exchange Commission.

We believe that the presentation of total Adjusted EBITDA is appropriate to provide additional information to investors about certain material non-cash items that we do not expect to continue at the same level in the future, as well as other items we do not consider indicative of our ongoing operating performance. Further, we believe total Adjusted EBITDA provides a meaningful measure of operating profitability because we use it for evaluating our business performance, making budgeting decisions, and comparing our performance against that of other peer companies using similar measures. It also provides management and investors with additional information to estimate our value.

Total Adjusted EBITDA is not a presentation made in accordance with GAAP. Our use of the term total Adjusted EBITDA may vary from others in our industry. Total Adjusted EBITDA should not be considered as an alternative to operating income or net income. Total Adjusted EBITDA has important limitations as an analytical tool, and you should not consider it in isolation or as a substitute for the analysis of our results as reported under GAAP.

Our definition of total Adjusted EBITDA allows us to add back certain non-cash charges that are deducted in calculating net income and to deduct certain gains that are included in calculating net income. However, these expenses and gains vary greatly, and are difficult to predict. They can represent the effect of long-term strategies as opposed to short-term results. In addition, in the case of charges or expenses, these items can represent the reduction of cash that could be used for other corporate purposes. Due to these limitations, we rely primarily on our GAAP results, such as net loss, (loss) income from operations, EGM Adjusted EBITDA, Table Products Adjusted EBITDA or Interactive Adjusted EBITDA and use Total Adjusted EBITDA only supplementally.

The total Adjusted EBITDA discussion above is also applicable to its margin measure, which is calculated as total Adjusted EBITDA as a percentage of Total Revenue.

The following table presents a reconciliation of total Adjusted EBITDA to net loss, which is the most comparable GAAP measure:

Total Adjusted EBITDA Reconciliation


(Amounts in thousands)

Three months ended June 30,


2019


2018

Net loss attributable to PlayAGS, Inc.

$

(7,557)



$

(5,310)


Income tax (benefit) expense

(52)



7,027


Depreciation and amortization

23,659



19,467


Other expense (income)

(46)



455


Interest income

(31)



(21)


Interest expense

9,560



8,873


Write-downs and other(7)

5,036



1,005


Other adjustments(8)

429



929


Other non-cash charges(9)

2,196



1,616


Legal and litigation expenses including settlement payments(10)

3



834


Acquisition and integration related costs including restructuring & severance(11)

394



1,231


Non-cash stock compensation

2,154



476


Adjusted EBITDA

$

35,745



$

36,582



(Amounts in thousands, except Adjusted EBITDA margin) 


Three months ended June 30,


2019


2018

Total revenues

$

74,509



$

72,822


Adjusted EBITDA

$

35,745



$

36,582


Adjusted EBITDA margin

48.0

%


50.2

%


(7) Write-downs and other includes items related to loss on disposal or impairment of long-lived assets, fair value adjustments to contingent consideration and acquisition costs.

(8) Other adjustments are primarily composed of professional fees incurred for projects, corporate and public filing compliance, contract cancellation fees and other transaction costs deemed to be non-operating in nature.

(9) Other non-cash charges are costs related to non-cash charges and losses on the disposition of assets, non-cash charges on capitalized installation and delivery, which primarily includes the costs to acquire contracts that are expensed over the estimated life of each contract and non-cash charges related to accretion of contract rights under development agreements.

(10) Legal and litigation expenses including settlement payments consist of payments to law firms and settlements for matters that are outside the normal course of business. These costs related to litigation and matters that were not significant individually.

(11) Acquisition and integration costs primarily relate to costs incurred after the purchase of businesses, such as the purchase of Gameiom and Integrity, to integrate operations and obtain costs synergies. Restructuring and severance costs primarily relate to costs incurred through the restructuring of the Company's operations from time to time and other employee severance costs recognized in the periods presented.

Total Net Debt Leverage Ratio Reconciliation

The following table presents a reconciliation of total net debt and total net debt leverage ratio and adjusted total net debt leverage ratio:

(Amounts in thousands, except net debt leverage ratio)

June 30,


December 31,


2019


2018

Total debt

$

536,324



$

538,799


Less: Cash and cash equivalents

17,974



70,726


Total net debt

$

518,350



$

468,073


LTM Adjusted EBITDA

$

137,135



$

136,206


Total net debt leverage ratio

3.8



3.4






Integrity LTM Adjusted EBITDA(12)

$

6,640



$

?


Post-Integrity LTM Adjusted EBITDA

$

143,775



$

136,206


Adjusted total net debt leverage ratio

3.6



3.4



(12) Represents the trailing twelve month estimated impact of Integrity's Adjusted EBITDA, adjusted for the time period for which Integrity's financial measures are included in AGS's results.


Free Cash Flow

This schedule provides certain information regarding Free Cash Flow, which is considered a non-GAAP financial measure under the rules of the Securities and Exchange Commission.

We define Free Cash Flow as net cash provided by operating activities less cash outlays related to capital expenditures and payments of in-kind interest related to the redemption of our HoldCo PIK notes. We define capital expenditures to include purchase of intangible assets, software development and other expenditures, and purchases of property and equipment. In arriving at Free Cash Flow, we subtract cash outlays related to capital expenditures from net cash provided by operating activities because they represent long-term investments that are required for normal business activities. As a result, subject to the limitations described below, Free Cash Flow is a useful measure of our cash available to repay debt and/or make other investments.

Free Cash Flow adjusts for cash items that are ultimately within management's discretion to direct, and therefore, may imply that there is less or more cash that is available than the most comparable GAAP measure. Free Cash Flow is not intended to represent residual cash flow for discretionary expenditures since debt repayment requirements and other non-discretionary expenditures are not deducted. These limitations are best addressed by using Free Cash Flow in combination with the GAAP cash flow numbers.

The following table presents a reconciliation of Free Cash Flow:

(amounts in thousands)

Six months ended
June 30, 2019


Three months ended
March 31, 2019


Three months ended
June 30, 2019

Net cash provided by operating activities

$

37,675



$

11,655



$

26,020


Purchase of intangible assets

(3,950)



(1,231)



(2,719)


Software development and other expenditures

(6,299)



(2,669)



(3,630)


Purchases of property and equipment

(23,819)



(15,105)



(8,714)


Free Cash Flow

$

3,607



$

(7,350)



$

10,957




(amounts in thousands)

Six months ended
June 30, 2018


Three months ended
March 31, 2018


Three months ended
June 30, 2018

Net cash provided by operating activities

$

(10,319)



$

(32,816)



$

22,497


Purchase of intangible assets

(594)



(568)



(26)


Software development and other expenditures

(5,168)



(2,490)



(2,678)


Purchases of property and equipment

(22,314)



(11,931)



(10,383)


Payments-in-kind interest payments

37,624



37,624



?


Free Cash Flow

$

(771)



$

(10,181)



$

9,410


 

SOURCE AGS


These press releases may also interest you

at 08:30
Bitcoin Well Inc. ("Bitcoin Well" or the "Company") , the non-custodial bitcoin business on a mission to enable independence announces a company record for new users signed up in one day. On March 27, 2024 the Company signed up 146 new users. The...

at 08:28
A country on the move, Vietnam is quickly becoming the new Asian hub with rapid macro-economic growth and opportunity.  To help Canadian exporters and investors take advantage of the vast potential within this market, Export Development Canada (EDC),...

at 08:27
Taylor Devices, Inc. announced today that it had 3rd quarter sales of $12,254,093, up 24% from last year's 3rd quarter sales of $9,891,272 while sales for the 1st nine months were $32,517,596, up 10% from last year's 1st nine-month sales of...

at 08:26
As the fastest-growing city in the country, Frisco, Texas, is set to host its inaugural Tacos & Tequila Festival on Sunday, May 5th, 2024, at Riders Field, home of the Frisco Rough Riders (7300 Rough Riders Trail, Frisco, TX 75034). This...

at 08:24
For the fourth year in a row, Kinecta Federal Credit Union was voted Best Credit Union in the South Bay in Easy Reader's 2024 "Best of the Beach" poll. The Easy Reader's annual online poll asks the community to vote for their favorite places to do...

at 08:23
The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, eased slightly to 130.8 in the first quarter from 132.3 at the close of last year on a seasonally adjusted basis. The...



News published on and distributed by: