Tautachrome Inc. Hires Pryor Cashman to Lead KLK Cryptotoken Registration with SEC

Tautachrome Inc. Hires Pryor Cashman to Lead KLK Cryptotoken Registration with SEC Press Release from GlobeNewsWire has been published today, Karol Rutkowski, .

ORO VALLEY, Ariz., Jan. 29, 2018 (GLOBE NEWSWIRE) — Tautachrome Inc. (OTCQB:TTCM) today announced that the Company has hired the Pryor Cashman law firm in New York to spearhead its work to register its KLK cryptotoken sale with the SEC.
The Pryor Cashman work team is being led by Ali Panjwani with support from his colleagues Jeff Alberts and Mike Campoli. The team has significant cryptotoken knowledge and has deep experience with SEC registration, including past employment with the SEC in this arena.The Company’s CEO, Dr. Jon N Leonard said today “I have directed the Pryor Cashman team to work with the SEC’s crypto currency task force to ensure that our vision for a KLK cryptotoken-based ecosystem, able to monetize the world’s smartphone imagery becomes a reality, and that it is fully compliant with SEC regulations. We appear to be breaking new ground in this work. But I believe that the social and economic potential of this effort is so great, that every effort is justified.”A KLK token sale will be pushed off for whatever time it takes to achieve resolution with the SEC, a time the Company desires to make as short as possible.Meanwhile work on the KlickZie platform and app will continue while we do the registration work for the SEC, with the aim to release an early version of the KlickZie platform and app together with the sale of the KLK cryptotokens.Safe Harbor Statement Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, fund raising and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Tautachrome’s reports filed with the Securities and Exchange Commission. Tautachrome undertakes no duty to update these forward-looking statements.Contact;                               Tautachrome, Inc.                                               
Tel;                                        +1 520 318 5578                    
Web;                                     www.tautachrome.com             
Investor relations;          investor@tautachrome.com

Bonanza Creek Energy Provides Operational Update, Announces Year-End 2017 Proved Reserves and 2018 Guidance

Bonanza Creek Energy Provides Operational Update, Announces Year-End 2017 Proved Reserves and 2018 Guidance Press Release from GlobeNewsWire has been published today, Karol Rutkowski, .

Accelerating development program in the second half of 2018Expected Rockies production growth of 20% in 2018 and in excess of 50% in 2019Fourth quarter 2017 production of 14.8 MBoe per day, exceeds the high end of previous Company guidanceYear-end 2017 proved reserves increased 13% to 102.0 MMBoeEnhanced completions continue to outperform expectationsDENVER, Jan. 29, 2018 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE:BCEI) (“Bonanza Creek” or the “Company”) announces a number of positive developments regarding its preliminary fourth quarter operational results and its 2018 budget. Jack Vaughn, Chairman of the Board of Directors, commented, “Much has been accomplished since Bonanza Creek exited from bankruptcy last spring. In 2017, the results of our first enhanced completions exceeded our expectations. In 2018, we will accelerate and expand this learning process with additional slick-water tests and by applying enhanced completions to our northern and eastern acreage. “In 2017, we secured our strategically important leasehold position in French Lake. In 2018, we will delineate this key acreage position with enhanced completions and lay the ground work for its future development. We will also consider the sale of non-core assets and will focus any potential acquisition activity on expanding our core footprint in the DJ Basin.“In 2017, we reduced our annualized G&A and LOE by approximately $20 million. Further efficiency improvements will continue to be a focus for the Company, with our per-unit costs benefitting from production growth in 2018 and beyond. During the year, we also took important steps to improve our access to gas processing in the DJ Basin. We believe these steps will result in improved costs, greater reliability, and greater optionality than available to many other operators in the basin while enhancing the value of our Rocky Mountain Infrastructure system.“Finally, in 2017, we began a dual-track process to secure permanent leadership for our Company and to consider strategic transactions. While the transaction with SandRidge Energy was unsuccessful, this process has provided significant insights regarding the quality of our team, our assets, and the desires of our shareholders. We remain dedicated to maximizing shareholder value and are focused on securing permanent leadership in the coming months.“As we enter 2018, we are confident about our future, and thankful for the tireless efforts of our team and ongoing support of our shareholders. We look forward to more frequent and more detailed engagement with our shareholders as the year progresses.” Fourth Quarter 2017 Operational Update During the fourth quarter of 2017, the Company produced an average of 14.8 MBoe per day, exceeding the high-end of the Company’s previous guidance of 14.2 MBoe per day. This outperformance is primarily attributed to lower line pressures in the Company’s Rocky Mountain Infrastructure (“RMI”) system and better than expected performance from wells utilizing enhanced completion designs.  Midstream Contracts Provide Lower Line Pressure and Operational Flexibility On November 11, 2017, the Company completed the previously announced connection with third-party gas processor Sterling Energy Investments, LLC (“Sterling”). Since that time, the Company has moved approximately 13% of its total Wattenberg gross gas production to Sterling. This connection, combined with added compression, reduced line pressures in the Company’s RMI system by up to 40%, resulting in improved production from both new and existing wells. To ensure line pressures remain low as Bonanza Creek adds new wells to sales, the Company also recently entered into an agreement with Cureton Front Range LLC (“Cureton”), which will add a third gas processing partner connected directly to the Company’s RMI gathering system. Subject to the Company’s contractual obligations, the three separate processors and eight offtake points from the RMI system will allow flexibility in moving gas to the most advantageous locations, providing additional production flow assurance. The agreement with Cureton is a 15-year gas gathering and processing contract under which Bonanza has dedicated approximately 22,000 net acres, or approximately 33% of its Wattenberg acreage. Based on the timetable in the agreement, the Company expects to commence gathering service with Cureton late in the second quarter of 2018 and to commence processing service at Cureton’s new 60 MMcf per day cryogenic gas plant in the second half of 2018. The agreement contains no minimum volume commitments and provides favorable netbacks compared to the Company’s other processing contracts. “DUC” Wells Production Outperforming Type CurveThe Company continues to be encouraged by the production from its North Platte 44-13 standard reach lateral (“SRL”) wells, which were completed in July 2017. The performance of these wells continues to exceed type curve projections and they are now forecast to produce an average EUR of 500 MBoe per 4,100 foot SRL well. An updated investor presentation on the Company website compares the performance of these four West SRL wells to (a) an offset pad that utilized a legacy completion design and (b) a legacy West SRL type curve. During the fourth quarter of 2017, Bonanza Creek completed five additional wells on its legacy acreage, consisting of three extended reach lateral (“XRL”) wells and two SRLs. These wells are located on the Company’s central legacy acreage and, with approximately 75 days of data, the early production, GOR, and tubing pressures are encouraging for wells with an enhanced completion design. One of these SRL wells tested a slick-water completion with 1,500 pounds of proppant per foot. Early production data from this slick-water test is particularly encouraging as its production results are significantly outperforming those from offsetting wells with gel completions and similar proppant loading. Record Drilling and Completion EfficienciesBonanza Creek recently finished drilling the last of the eight XRL wells on its French Lake acreage with one well setting a Company record drill time of fewer than 4.5 days from spud to total depth. The first of these eight French Lake wells has been recently turned online. The remaining seven French Lake wells are expected to be completed and turned online in the first half of 2018. In its western legacy acreage, the Company recently drilled and completed its eight-well SRL State North Platte F-26 pad. On this pad, the Company achieved a new SRL drilling record of 3.4 days from spud to total depth. Regarding completions, the Company achieved impressive efficiencies by pumping 336 stages in 24 days, including five days of pumping 18 stages and one day that achieved a Company record of 20 stages. All eight wells were recently turned online. Year-End 2017 Proved ReservesAs of year-end 2017, the Company reports preliminary proved reserves of 102.0 MMboe, a 13% increase from year-end 2016.  The Company’s year-end 2017 proved reserves were comprised of 52.9 MMBbls of oil, 22.8 MMBbls of NGLs, and 157.7 Bcf of natural gas and were 53% proved developed. Proved undeveloped reserves accounted for 48.1 MMBoe of the total proved reserves, a 20% increase in equivalent volumes from year-end 2016. The increase in proved undeveloped reserves is a combination of new PUD cases added during the year and improved production performance expectations for previously booked PUD wells due to the utilization of enhanced completion design. The Company reported all-in reserve replacement excluding price revisions of 202%. The PV-10 value using SEC pricing for estimated total proved reserves as of December 31, 2017 was $598 million, of which $470 million was attributable to its proved developed reserves.(1) As of year-end 2017, the Company estimates that its exit-to-exit corporate PDP decline rate will be approximately 30% in 2018, 20% in 2019, and 15% in 2020. The table below summarizes estimated proved reserves for 2017. Year-end 2017 reserves were prepared by Netherland, Sewell & Associates, Inc.Note: Totals may not foot due to rounding 2018 Capital and Production Guidance In 2018, the Company plans to accelerate development while testing enhanced completion designs on large scale pads throughout the Company’s acreage position. The program contemplates running one rig in the first half of 2018 with a second rig added at mid-year to coincide with additional gas processing capacity from both Cureton and DCP.The first rig is planned to drill large scale pads of up to nine wells throughout the legacy acreage position. Two of the pads drilled in the first half of the year will be completed using slick-water to further test and validate the improved performance from slick-water compared to historic gel completion designs. One of these pads is located in the western legacy acreage with the second pad located in the eastern legacy acreage. Data gathered from these tests will help inform completion design in the back half of the year. The addition of the second rig will provide additional data to inform completion techniques and development assumptions throughout the acreage position going forward.Due to the large pads and anticipated third-quarter increase in activity, approximately 55% of the new drills for the year are expected to be turned online in 2019. The 2018 program is expected to grow Wattenberg annual production by approximately 20% in 2018 and annual production from this program is expected to grow by greater than 50% in 2019. Given that production growth is expected to be back-end-weighted in 2018, the Company is expecting unit costs for LOE, Midstream expense, and G&A to show sequential improvement throughout 2018 and into 2019 as greater production volumes are realized.  Allocated capital associated with this program is expected to be approximately $280 – $320 million, which will support drilling 90 gross wells and turning online 55 gross wells. Of the wells drilled, approximately 43 are planned as XRLs, 7 as medium reach lateral (“MRL”) wells, and 40 as SRLs. Of the 55 turned-online wells, 31 are expected to be XRLs, 2 as MRLs, and 22 as SRLs. XRL, MRL and SRL wells are targeted to cost $5.4 million, $4.2 million, and $3.0 million, respectively.The 2018 program contemplates debt to EBITDAX leverage peaking at approximately 1.0x assuming $50 WTI.(2) Assuming strip pricing as of January 23, 2018, and the continuation of a two-rig program into 2019, the Company expects peak leverage to remain below 1.0x during 2018 and 2019, and to be cash flow positive by year-end 2019. The table below provides production, capital and operating cost guidance for 2018. Production growth in 2018 is expected to be back-end-weighted due to tie-ins from our larger pads.   (3) Recurring cash G&A guidance is a non-GAAP measure that is defined as GAAP G&A expense less stock based compensation and anticipated costs for permanent CEO compensation.  The Company does not guide to GAAP G&A expense as it has excessive uncertainty due to the stock based compensation portion of GAAP G&A. Please refer to the Non-GAAP disclosure at the end of this release for information regarding Recurring cash G&A.
(4) Assumes strip pricing as of January 23, 2018.
An investor presentation with additional detail has also been posted to the IR section of the Company’s website at www. Bonanzacrk.com.Fourth Quarter Earnings Release and Conference CallThe Company announces that it is scheduled to release its fourth quarter 2017 operating and financial results after market close on March 14, 2018 and will host a conference call to discuss these results on March 15, 2018 at 9:00 a.m. Mountain Time. A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at www.bonanzacrk.com. A dial-in replay of the event will be available through March 29, 2018. Dial-in information for the conference call is included below. Non-GAAP DisclosurePV-10
Year-end pre-tax PV-10 value is a non-GAAP financial measures as defined by the SEC.  Bonanza Creek believes that the presentation of pre-tax PV-10 value is relevant and useful to its investors because it presents the discounted future net cash flows attributable to reserves prior to taking into account corporate future income taxes and the Company’s current tax structure. The Company further believes investors and creditors use pre-tax PV-10 values as a basis for comparison of the relative size and value of its reserves as compared with other companies. 
The GAAP financial measure most directly comparable to pre-tax PV-10 is the standardized measure of discounted future net cash flows (“Standardized Measure”).  Bonanza Creek is not yet able to provide a reconciliation of pre-tax PV–10 to Standardized Measure because the discounted future income taxes associated with the Company’s reserves is not yet calculable.  The Company expects to include a full reconciliation of pre-tax PV-10 to the GAAP financial measure of Standardized Measure in its Annual Report on Form 10-K for the year ended December 31, 2017, which it intends to file with the SEC on or about March 14, 2018. Recurring Cash G&AThe Company defines recurring cash G&A as GAAP G&A after adjusting for the impact of non-cash stock compensation expense and non-recurring items. This non-GAAP measure is used by management and investors as additional information as noted above and is subject to the same limitations of analytical tools as noted above and should not be considered as a GAAP substitute for general and administrative expense. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Company based on management’s experience, perception of historical trends and technical analyses, current conditions, anticipated future developments and other factors believed to be appropriate and reasonable by management. When used in this press release, the words “will,” “potential,” “believe,” “estimate,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “plan,” “predict,” “project,” “profile,” “model” or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements include statements regarding development and completion expectations and strategy; decreasing operating and capital costs; impact of the Company’s reorganization; and updated 2017 guidance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, that may cause actual results to differ materially from those implied or expressed by the forward-looking statements, including the following: changes in natural gas, oil and NGL prices; general economic conditions, including the performance of financial markets and interest rates; drilling results; shortages of oilfield equipment, services and personnel; operating risks such as unexpected drilling conditions; ability to acquire adequate supplies of water; risks related to derivative instruments; access to adequate gathering systems and pipeline take-away capacity; and pipeline and refining capacity constraints. Further information on such assumptions, risks and uncertainties is available in the Company’s SEC filings. We refer you to the discussion of risk factors in our Annual Report on Form 10-K for the year ended December 31, 2016, filed on March 16, 2017, and other filings submitted by us to the Securities Exchange Commission. The Company’s SEC filings are available on the Company’s website at www.bonanzacrk.com and on the SEC’s website at www.sec.gov. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Any forward-looking statement speaks only as of the date on which such statement is made, including guidance, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.About Bonanza Creek Energy, Inc. Bonanza Creek Energy, Inc. is an independent oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s assets and operations are concentrated primarily in the Rocky Mountain region in the Wattenberg Field, focused on the Niobrara and Codell formations, and in southern Arkansas, focused on oily Cotton Valley sands. The Company’s common shares are listed for trading on the NYSE under the symbol: “BCEI.” For more information about the Company, please visit www.bonanzacrk.com. Please note that the Company routinely posts important information about the Company under the Investor Relations section of its website.For further information please contact:James R. Edwards
Director – Investor Relations
jedwards@bonanzacrk.com
720-440-6136
___________________________
(1)  The 12-month average benchmark pricing used to estimate SEC proved reserves and PV-10 value for crude oil and natural gas was $51.34 per Bbl of WTI crude oil and $2.98 per MMBtu of natural gas at Henry Hub before differential adjustments. Year-end 2017 benchmark prices for oil, and natural gas were both 20% higher from year-end 2016 SEC pricing. After differential adjustments, the Company’s SEC pricing realizations for year-end 2017 were $46.76 per Bbl of oil, $19.57 per Bbl of NGLs, and $2.45 per Mcf of natural gas. Please refer to the Non-GAAP Disclosure at the end of this release for information regarding PV-10 
(2) Pricing assumes $50 per barrel WTI and $3 per Mcf Henry Hub

Melinta Therapeutics Launches Antibiotic Baxdela™ (delafloxacin) in the United States

Melinta Therapeutics Launches Antibiotic Baxdela™ (delafloxacin) in the United States Press Release from GlobeNewsWire has been published today, Karol Rutkowski, .

– Approved for adult patients with acute bacterial skin and skin structure infections (ABSSSI) –– Provides coverage of gram-positive and gram-negative pathogens; only FDA-approved fluoroquinolone for methicillin-resistant Staphylococcus aureus (MRSA) –– Interchangeable IV and oral formulations with the flexibility to initiate therapy with either –NEW HAVEN, Conn., Jan. 29, 2018 (GLOBE NEWSWIRE) — Melinta Therapeutics, Inc. (NASDAQ:MLNT), a commercial-stage company developing and commercializing novel antibiotics to treat serious bacterial infections, today announced the U.S. launch of intravenous and oral formulations of Baxdela™ (delafloxacin) for the treatment of adult patients with acute bacterial skin and skin structure infections (ABSSSI) caused by designated susceptible bacteria. With Baxdela, no dosage adjustments are required due to weight, hepatic impairment or mild-moderate renal impairment, there are no food effects, and there is minimal potential for drug interactions.“Today’s launch of Baxdela is a significant milestone for Melinta – one that comes on the heels of a very successful year, cementing our leadership position in the antibiotics space,” stated Dan Wechsler, president & chief executive officer of Melinta. “I would especially like to thank the doctors and patients around the world that participated in our Baxdela clinical trial program, as well as the Melinta team that has worked tirelessly over many years to bring Baxdela to the market. It is because of their dedication that we are able to offer patients and healthcare providers this new treatment option.”Approximately 14 million patients are treated for serious skin infections each year, either in the hospital or community settings, and these are often caused by MRSA.“We believe that Baxdela will be an important treatment option for providers treating serious skin infections in both the hospital and community settings,” commented Mike McGuire, Melinta’s senior vice president, Commercial. “These patients often present treatment challenges owing to their underlying medical conditions (e.g., comorbidities such as obesity and diabetes), which can make optimal antibiotic selection difficult. The launch has the support of an experienced sales team and is further enhanced by the availability of three antimicrobial susceptibility tests that offer providers a full set of clinical tools to determine how to treat patients appropriately.”Melinta will market Baxdela nationwide leveraging an industry-leading commercial sales team. Baxdela joins a strong portfolio of infectious disease products that will be marketed by Melinta, including Vabomere™ (meropenem and vaborbactam), Orbactiv® (oritavancin) and Minocin® (minocycline) for injection.“Baxdela’s performance in clinical trials of skin infections demonstrated a good clinical efficacy profile and was well-tolerated,” said James A. McKinnell, MD, assistant professor of medicine, David Geffen School of Medicine, University of California, Los Angeles. “Microbiologic activity and clinical effectiveness against MRSA make Baxdela a novel fluoroquinolone with potential for treating certain skin infections.”About BaxdelaBaxdela (delafloxacin) tablets and intravenous injection are approved by the U.S. Food and Drug Administration (FDA) for the treatment of ABSSSI (Acute Bacterial Skin and Skin Structure Infections). Baxdela was approved by the FDA in 2017 based on its efficacy against both gram-positive and gram-negative pathogens, including MRSA. It was given priority review by the FDA due to its designation as a Qualified Infectious Disease Product (QIDP) under the Generating Antibiotic Incentives Now (GAIN) Act of 2012. The QIDP designation qualifies Baxdela for certain incentives related to the development of new antibiotics, including a five-year extension of any non-patent exclusivity period awarded to the drug. For more information, please visit http://www.baxdela.com/ or call 1-844-Melinta.INDICATION & USAGEBaxdela is indicated in adults for the treatment of acute bacterial skin and skin structure infections (ABSSSI) caused by susceptible isolates of the following:Gram-positive organisms: Staphylococcus aureus (including methicillin-resistant [MRSA] and methicillin-susceptible [MSSA] isolates), Staphylococcus haemolyticus, Staphylococcus lugdunensis, Streptococcus agalactiae, Streptococcus anginosus group (including Streptococcus anginosus, Streptococcus intermedius, and Streptococcus constellatus), Streptococcus pyogenes, and Enterococcus faecalis;Gram-negative organisms: Escherichia coli, Enterobacter cloacae, Klebsiella pneumoniae, and Pseudomonas aeruginosa.IMPORTANT SAFETY INFORMATION:
WARNING: SERIOUS ADVERSE REACTIONS INCLUDING TENDINITIS, TENDON RUPTURE, PERIPHERAL NEUROPATHY, CENTRAL NERVOUS SYSTEM EFFECTS, AND EXACERBATION OF MYASTHENIA GRAVIS
Fluoroquinolones have been associated with disabling and potentially irreversible serious adverse reactions that have occurred together, including:Tendinitis and tendon rupturePeripheral neuropathyCentral nervous system effectsDiscontinue Baxdela immediately and avoid the use of fluoroquinolones, including Baxdela, in patients who experience any of these serious adverse reactions.Fluoroquinolones may exacerbate muscle weakness in patients with myasthenia gravis. Avoid Baxdela in patients with known history of myasthenia gravis.Contraindications
Baxdela is contraindicated in patients with known hypersensitivity to Baxdela or other fluoroquinolones.
Warnings and Precautions
Risk of tendinitis, tendon rupture, peripheral neuropathy and central nervous system effects is increased with use of fluoroquinolones. Discontinue Baxdela immediately at the first signs or symptoms of any of these serious adverse reactions.
Avoid Baxdela in patients with known history of myasthenia gravis.Hypersensitivity Reactions may occur after first or subsequent doses of Baxdela. Discontinue Baxdela at the first sign of hypersensitivity.Clostridium difficile-associated diarrhea has been reported in users of nearly all systemic antibacterial drugs, including Baxdela. Evaluate if diarrhea occurs.Prescribing Baxdela in the absence of a proven or strongly suspected bacterial infection is unlikely to provide benefit to the patient and increases the risk of the development of drug-resistant bacteria.Adverse Reactions
The most common adverse reactions in patients treated with Baxdela were nausea (8%), diarrhea (8%), headache (3%), transaminase elevations (3%), and vomiting (2%).
Use in Specific Populations
In patients with severe renal impairment (eGFR of 15-29 mL/min/1.73 m2) dosing of Baxdela should be dosed at 200 mg IV every 12 hours or 450 mg orally every 12 hours. Baxdela is not recommended in patients with End Stage Renal Disease [ESRD] (eGFR of <15 mL/min/1.73 m2) due to insufficient information to provide dosing recommendations.
A FDAapproved patient labeling guide (Medication Guide) is available for patients taking Baxdela.Please also see full Prescribing Information, including Boxed Warning, available at www.baxdela.com.About Melinta Therapeutics
Melinta Therapeutics, Inc. is the largest pure-play antibiotics company, dedicated to saving lives threatened by the global public health crisis of bacterial infections through the development and commercialization of novel antibiotics that provide new and better therapeutic solutions. Its four marketed products include Baxdela™ (delafloxacin); Vabomere™ (meropenem and vaborbactam), Orbactiv® (oritavancin), and Minocin® (minocycline) for Injection. It also has an extensive pipeline of preclinical and clinical-stage products representing many important classes of antibiotics, each targeted at a different segment of the anti-infective market. Together, this portfolio provides Melinta with the unique ability to provide providers and patients with a range of solutions that can meet the tremendous need for novel antibiotics treating serious infections. Visit www.melinta.com for more information.
Cautionary Note Regarding Forward-Looking StatementsCertain statements in this communication constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and are usually identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or similar expressions. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control.Risks and uncertainties for Melinta include, but are not limited to: inability to achieve the expected benefits of the acquisition of The Medicines Company’s infectious disease business unit; liquidity and trading market for Melinta’s shares following the consummation of the acquisition; costs and potential litigation associated with the acquisition; risks related to the costs, timing and regulatory review of the Company’s studies and clinical trials; uncertainties in obtaining successful clinical results for product candidates and unexpected costs that may result therefrom; inability or the delay in obtaining required regulatory approvals for product candidates, which may result in unexpected cost expenditures; failure to realize any value of certain product candidates developed and being developed, in light of inherent risks and difficulties involved in successfully bringing product candidates to market; inability to develop new product candidates and support existing products; inability to commercialize and launch any product candidate that receives regulatory approval, including Baxdela; risks relating to the Company’s substantial indebtedness following the consummation of the acquisition and the Company’s anticipated capital expenditures, its estimates regarding its capital requirements and its need for future capital; uncertainties of cash flows and inability to meet working capital needs; cost reductions that may not result in anticipated level of cost savings or cost reductions after the consummation of the acquisition; the approval by the FDA and EMA and any other similar foreign regulatory authorities of other competing or superior products brought to market; risks resulting from unforeseen side effects; risk that the market for the Company’s products may not be as large as expected; inability to obtain, maintain and enforce patents and other intellectual property rights or the unexpected costs associated with such enforcement or litigation; inability to obtain and maintain commercial manufacturing arrangements with third party manufacturers or establish commercial scale manufacturing capabilities; loss of or diminished demand from one or more key customers or distributors; unexpected cost increases and pricing pressures; the possibility of economic recession and its negative impact on customers, vendors or suppliers; and risks associated with the possible failure to realize certain benefits of the proposed transactions, including future financial, tax, accounting treatment, and operating results. Many of these factors that will determine actual results are beyond Melinta’s ability to control or predict.Other risks and uncertainties are more fully described in our Annual Report on Form 10-K for the year ended December 31, 2016, as amended by Form 10-K/A, filed with the SEC on April 13, 2017, and in other filings that Melinta makes and will make with the SEC. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The statements made in this press release speak only as of the date stated herein, and subsequent events and developments may cause our expectations and beliefs to change. While we may elect to update these forward-looking statements publicly at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing our views as of any date after the date stated herein.For More Information:Media Inquiries:
Amra Maynard
(212) 845-5625 / (917) 302-2702
amra.maynard@inventivhealth.com
Investor Inquiries:
Lisa DeFrancesco
(847) 681-3217
ldefrancesco@melinta.com
Raj Mistry
(312) 801-2051
rmistry@melinta.com

Updated at source – Northern Dynasty: Permitting for Southwest Alaska's Pebble Project remains on track

Updated at source - Northern Dynasty: Permitting for Southwest Alaska's Pebble Project remains on track Press Release from PRNEWSWIRE has been published today, Maciej Heyman, .

2017 settlement agreement provides clear path for project review and permitting

VANCOUVER, Jan. 29, 2018 /PRNewswire/ – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) (“Northern Dynasty” or the “Company”) confirms the Environmental Impact Statement (“EIS”) permitting process for Southwest Alaska’s Pebble Project continues to advance under the guidance of lead federal agency, the US Army Corps of Engineers (the “Corps”).

“The settlement agreement that the Pebble Partnership entered into with the US Environmental Protection Agency (“EPA”) last year provides Pebble an unfettered opportunity to proceed through normal course permitting under the Clean Water Act and National Environmental Policy Act,” said Northern Dynasty President & CEO Ron Thiessen. “We have every confidence that Pebble’s ultimate project design will meet the rigorous environmental standards enforced in Alaska and the US, and that the EIS permitting process initiated by the Corps this month will demonstrate that compliance through an open, objective, transparent and science-driven review.”

Under the terms of a May 2017 settlement agreement reached between Northern Dynasty’s 100%-owned subsidiary Pebble Limited Partnership and the US EPA, the federal agency agreed it will not advance any action under Section 404(c) of the Clean Water Act until a final EIS for the Pebble Project has been completed – so long as that occurs within four years of the settlement agreement and Pebble files permit applications within 30 months of the settlement agreement. Earlier this month, the Corps accepted as complete a CWA 404 permit application submitted by the Pebble Partnership in December 2017, and has initiated the EIS permitting process.

Northern Dynasty acknowledged a statement issued by the EPA late on Friday, January 26 that indicates the federal agency will continue to support Pebble’s due process rights as agreed in the settlement, though it has suspended withdrawal of a pre-emptive regulatory action under CWA 404(c) initiated at Pebble in July 2014.

Thiessen said Northern Dynasty believes EPA Administrator Scott Pruitt’s announcement will have no effect on the process or outcome of regulatory permitting for the Pebble Project. “Nothing has changed,” he said, noting that the EIS process initiated by the Corps earlier this month will continue to proceed efficiently and that no new environmental regulations or process steps have been introduced.

“We expect the permitting process for Pebble to advance expeditiously over the next few years, and that a draft and final EIS will be completed upon which final permitting decisions for the Pebble Project will be made,” Thiessen said. “Ultimately, we believe the Pebble EIS will describe a project that protects clean water and the world-class fisheries of Bristol Bay, and presents the opportunity for substantial economic benefits for the people of the region and the state. We’d encourage all Alaskans and all interested stakeholders to participate fully in the thorough, objective and rigorous review of the Pebble Project.”

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty’s principal asset, owned through its wholly-owned Alaska-based US subsidiary Pebble Limited Partnership and other wholly-owned subsidiaries, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world’s most important mineral resources.

For further details on Northern Dynasty and the Pebble Project, please visit the Company’s website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.

Ronald W. Thiessen
President & CEO

Forward Looking Information and other Cautionary Factors

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company’s future performance, the outcome of litigation or the completion of the transactions referenced above.

Assumptions used by the Company to develop forward-looking statements include the following: the Pebble Project will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Pebble Project will continue to be positive, and no geological or technical problems will occur. The likelihood of a partnering transaction is subject to risks related to the satisfactory completion of due diligence and negotiations, including finalization of definitive agreements and fulfilment of conditions precedent therein, including receipt of all necessary approvals. Such process may not be successfully completed or completed on terms satisfactory to the Company. The likelihood of future mining at the Pebble Project and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, approvals, licenses and title on a timely basis, and is subject to a large number of risks, including government actions and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the final outcome of any litigation, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for surface or underground mining and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company’s filings with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com

SOURCE Northern Dynasty Minerals Ltd.

Related Links

www.northerndynastyminerals.com

IGT Presents ICE 2018 Solutions Designed to Entertain

IGT Presents ICE 2018 Solutions Designed to Entertain Press Release from PRNEWSWIRE has been published today, Maciej Heyman, .

LONDON, Jan. 29, 2018 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) today announced that it will present a set of world-class solutions for its gaming, lottery, interactive and betting customers at ICE Totally Gaming 2018 (“ICE”), Feb. 6-8, 2018 at ExCeL London. Under the theme “Designed to Entertain,” IGT will demonstrate its commitment to creating diverse, market-attuned gaming innovations by showcasing more than 200 of its solutions in stand N3-160.

“Our ICE 2018 portfolio represents IGT’s passion for driving the player experience forward through meaningful innovation that caters to our customers’ market-specific opportunities,” said Walter Bugno, IGT CEO International. “IGT will showcase market-ready products that have undergone extensive internal and external testing to help ensure their performance on casino floors. In addition, we will deliver the world debut of IGT’s CrystalDual® 27/27 cabinet – a modern, internationally relevant upright cabinet that is backed with a game library that our customers can deploy with confidence. Our ICE portfolio also features mobile solutions that are designed for consumers who consistently look to their smartphones for entertainment.”

Product highlights within IGT’s ICE stand will include:

  • The CrystalDual® 27/27 Cabinet: IGT’s CrystalDual 27/27 cabinet will make its world debut at ICE. The striking hardware represents the evolution of the Company’s Crystal Hardware series and gives operators a reliable, dual-screen core video cabinet option for their casino floors. The cabinet includes a range of unique features such as two 27-inch, high-definition displays, intelligent cabinet lighting, the option for bank-wide synchronized lighting, a mobile device charging port, and more. IGT will unveil this product by showcasing a range of new and “Proven Performer” game themes such as the Golden Egypt™, Ocean Magic™, Wolf Ridge™, Dancing Reels Salsa™, Golden Gecko™ and Brilliant Fruits™ games. IGT will also highlight its new USwitch™ multi-game bundles. USwitch games are compatible with the CrystalDual 27/27 and CrystalSlant cabinets, and feature a user-friendly game selector that groups like games, making it easier for players to find games that suit their individual gameplay preferences.
  • The CrystalCurve™ Cabinet: Featuring a 43-inch, curved, ultra-HD 4K display, the CrystalCurve cabinet is backed by a rich pipeline of core and premium game content. IGT will demonstrate core titles such as the Cleopatra® Gold, Wild Fury Jackpots™, Star Rise™ and ICY WILDS™ Deluxe games – each one designed exclusively for the CrystalCurve cabinet. IGT will also highlight premium, multi-level progressives on the CrystalCurve cabinets with titles such as the Fort Knox® Video Slots and Fortune Gong™ games.
  • TRUE 4D™ Content on the CrystalCurve™ TRUE 4D™ Cabinet: ICE attendees can enjoy the next dimension of gaming entertainment with IGT’s Ghostbusters™ 4D and SPHINX 4D™ games. Housed on the CrystalCurve TRUE 4D cabinet, the games leverage glasses-free TRUE 3D™, gesture recognition and mid-air haptic technologies to deliver an award-winning multi-sensory player experience.
  • Mobile Solutions Cardless Connect™ and PlaySpot™ Technology: IGT will showcase its award-winning Cardless Connect and PlaySpot mobile innovations. Both solutions are designed to enhance the land-based casino environment and give players more choices for how they enjoy their favorite casino games. The Cardless Connect technology enables casino patrons to use their smart phones to perform a variety of actions such as initiating a patron loyalty session at a slot machine, or transferring funds to-and-from a slot machine. With the addition of IGT’s Resort Wallet, Cardless Connect technology users can seamlessly initiate funds transfers between multiple casino properties owned by a single operator. The Company will also spotlight its PlaySpot mobile technology. The PlaySpot mobile solution gives players the option to wager on live roulette and baccarat games, keno, sports and more from their mobile devices from approved areas within a resort-casino. IGT’s PlaySpot solution integrates with many of IGT’s other casino products such as the Cardless Connect, IGT Advantage®, Live Connect, and IGT Dynasty Electronic Table Games (ETG) solutions.
  • New Content for the AXXIS® 23/23 Cabinet: IGT will extend its content portfolio for the internationally celebrated AXXIS 23/23 cabinet with the introduction of the new diversity™ HD multi-game bundles. At ICE, IGT will showcase diversity HD 5, 6, and 7 – each bundle comprising 12 player-favorite IGT titles such as the Ocean Magic™, Golden Egypt™ and King of Macedonia™ games. IGT will also showcase the Money Strike™ game on the AXXIS 23/23 cabinet – a bolt-on progressive that will enhance IGT’s diversity HD suites 5, 6 and 7.

ICE attendees can also look forward to the following IGT solutions within IGT’s stand:

  • Interactive content for the Company’s Remote Game Server (IGT RGS®), including new slot games, casual games, skill-based games, and live demonstrations of a new tournaments feature.
  • PowerSight™ technology demonstrated on the CrystalCurve ULTRA™ cabinet. PowerSight technology enables a player to stare at on-screen objects to unlock them in pick bonuses and other player-selectable components of gameplay.
  • Glasses-free TRUE 3D™ titles such as the James Cameron’s AVATAR 3D Video Slots and Phoenix Rising™ 3D games.
  • New content for the S3000® gaming machine, including the much-anticipated Money Storm® linked progressive.
  • Chill Gaming’s skill-based Fortunes of the Brave™ game and Bloomtopia™ game, along with IGT’s Video Reel Edge™ (VRE) games and Skillcade™ experiences such as the Race Ace® Arcade game.
  • The Spin-Splosion! video tournament solution on the CrystalSlant cabinet.
  • IGT Dynasty Electronic Table Games (ETG) featuring a landscape, 4K display.
  • The Quasar™ Video Lottery Terminal (VLT), along with exciting content and the INTELLIGEN™ central management system.
  • Leading casino management systems such as IGT Advantage®, GALAXIS™, System2go™ and Casinolink® systems.
  • ZEST Gaming’s multi-card bingo games.
  • A new version of the industry-leading Game King® video poker suite, along with new game titles such as the Five Star Poker® 2.0 game.

About IGT
IGT (NYSE: IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.igt.com.

Contact:
Robert K. Vincent, Corporate Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452
Michelle Schenk, Global Communications, Gaming (702) 669-8177
James Hurley, Investor Relations, (401) 392-7190
Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries

© 2018 IGT

Ghostbusters:  TM & © 2018 Columbia Pictures Industries Inc. All Rights Reserved.

Fortunes Of The Brave and Bloomtopia are trademarks of Chill Gaming Pty Ltd

James Cameron’s AVATAR™ 3D
© 2018 Twentieth Century Fox Film Corporation. JAMES CAMERON’S AVATAR is a trademark of Twentieth Century Fox Film Corporation. All Rights Reserved.

All other trademarks used herein are owned by IGT or its affiliates, may not be used without permission, and where indicated with a ®, are registered in the U.S. Patent and Trademark Office.

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SOURCE IGT

Related Links

http://www.igt.com

General Services Administration Awards Leidos Information Technology and Development Services Contract

General Services Administration Awards Leidos Information Technology and Development Services Contract Press Release from PRNEWSWIRE has been published today, Maciej Heyman, .

RESTON, Va., Jan. 29, 2018 /PRNewswire/ — Leidos (NYSE: LDOS), a FORTUNE 500® science, information technology, and engineering leader, was awarded a prime contract by the General Services Administration (GSA), Office of Chief Information Officer for the Office of Public Buildings Information Technology Services (ITS) to provide information technology (IT), operation, and maintenance services with the potential to modernize and enhance legacy systems to improve organizational performance. The multiple-award, blanket purchase agreement has a one-year base period, four one-year option periods, and a total contract value of approximately $250 million. Leidos is one of seven contractors eligible to compete for task orders under the program.

The PBS aims to provide effective and sustainable workplace solutions for federal agencies at the best value for the American Taxpayer. Work will be performed in Crystal City, Va. and will include technology development and support for a portfolio including 20 applications. Leidos will perform various IT services such as design, database and application development, support specialized building life-cycle systems and mobile, cloud and digital services. Work will help establish a continuous process improvement function and identify IT investments that can better enable operational processes.

“We look forward to expanding our partnership with the GSA and providing innovative technology solutions that create efficiencies,” said Angela Heise, Leidos Civil Group President.

About Leidos
Leidos is a Fortune 500® science and technology solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company’s 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.

Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company’s Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/general-services-administration-awards-leidos-information-technology-and-development-services-contract-300588526.html

SOURCE Leidos

Related Links

http://www.leidos.com

WidePoint Awarded New Multi-Year Contract for Mobile Telecom Expense Management (TEM) Services by the United States Army Corps of Engineers (USACE)

WidePoint Awarded New Multi-Year Contract for Mobile Telecom Expense Management (TEM) Services by the United States Army Corps of Engineers (USACE) Press Release from PRNEWSWIRE has been published today, Maciej Heyman, .

MCLEAN, Va., Jan. 29, 2018 /PRNewswire/ — WidePoint Corporation (NYSE American: WYY), a leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management (TLM) and Cybersecurity solutions, today announced a new contract award from the United States Army Corp of Engineers (USACE) valued at more than $4.3 million. USACE awarded WidePoint a base year plus two option years contract to provide enterprise-wide wireless Telecom Expense Management (TEM) services.

Mr. Jin Kang, Chief Executive Officer of WidePoint Corporation, stated, “WidePoint has been providing mobile TEM services to USACE since 2011, delivering more than $9 million in cost savings and avoidance to date. We are honored to be awarded this new contract and look forward to introducing our next generation TM2 management framework to USACE. This award is a direct result of our superior performance on our prior contract with USACE. WidePoint is committed to ensuring that USACE remain a federal leader in telecom management no matter how the mobile landscape shifts and evolves.”

WidePoint will manage more than 21,000 devices for USACE through an enterprise-wide TEM program that encompasses:

  • Wireless Service Contract/Agreement Administration Services
  • Inventory Management Services
  • Invoice Management and Audit Services
  • Rate Plan Optimization Services
  • Management Reporting Services
  • Contract Optimization Services
  • Ordering and Procurement Management Services
  • Dispute Recovery Services
  • Transition Services

In addition, WidePoint will support USACE with Wireless Equipment & Accessories services.

Mr. Todd Dzyak, President and CEO of WidePoint Integrated Solutions Corporation and WidePoint Solutions Corporation, stated, “Previously, WidePoint has helped USACE consolidate all wireless service offerings worldwide, establishing an enterprise-wide inventory of assets and centralized ordering system capable of supporting thousands of service requests each month. USACE now has the ability to view usage and costs to make timely and informed decisions. Working in collaboration with the dedicated USACE team, WidePoint looks forward to continuing to deliver for USACE and achieving contract objectives of ongoing cost reduction and improved service visibility.”

About WidePoint

WidePoint Corporation (NYSE American: WYY) is a leading provider of technology-based management solutions including telecom management, mobile management, access management and identity management. For more information, visit www.widepoint.com

For More Information:

Brett Mass or Dave Fore
Hayden IR
(206) 395-2711
dave@haydenir.com

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SOURCE WidePoint Corporation

Related Links

http://www.widepoint.com

DPW Holdings’ Subsidiary, Digital Power Lending, LLC to Launch Cryptocurrency ATM Network

DPW Holdings’ Subsidiary, Digital Power Lending, LLC to Launch Cryptocurrency ATM Network Press Release from GlobeNewsWire has been published today, Karol Rutkowski, .

FREMONT, Calif., Jan. 29, 2018 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) (“DPW” or the “Company“), a diversified holding company, stated today that its subsidiary, Digital Power Lending, LLC anticipates launching a network of cryptocurrency ATMs (“ATMs”). The ATMs will allow for the purchase and sale of cryptocurrencies along with cash withdraws. The first ATMs will be installed in 5 hospitality locations associated with DPW Holdings, Inc. The ATMs distributed and managed by Digital Power Lending will focus initially on Bitcoin (BTC), Bitcoin Cash (BTH), Ethereum (ETH) and Litecoin (LTC) with other cryptocurrencies to be included later.
The Company also announced that Digital Power Lending is still awaiting the completion of the review of its pending application for a California Finance Lender License. The Company disclosed that Digital Power Lending has undergone a series of standard and customary questions and all corrections have been minor and procedural.“We are very pleased to announce our development of a network of cryptocurrency ATMs which will be initially located in Southern California. Our goal is to build a national brand and network with multiple cryptocurrencies readily available for consumers,” said William “Bill” Corbett, the CEO and Manager of Digital Power Lending. Mr. Corbett added, “With the completion of our application and the pending approval of our California Finance Lending License, I am thrilled to utilize my extensive Wall Street network to provide capital to both public and private companies including those in the exciting cryptocurrency market. Digital Power Lending will be seeking to lend out money strategically to entities that qualify. Our primary mission is to be a pro-active lender and facilitate the national distribution of crypto ATMs while the traditional banking industry does not serve the cryptocurrency market.” The Company noted that the anticipated distribution of the ATMs may be subject to regulatory review or approval.DPW Holdings, Inc. reminds all shareholders, investors and the public to participate in the investor webinar this Wednesday, January 31, 2018, after the close of the financial markets at 5:00pm EST or 2:00pm PST. To participate please send an email to IR@DPWHoldings.com to receive an invitation to register for the webinar. Attendees can participate either through online access or listen by calling the designated number received upon registration.ABOUT DPW HOLDINGS, INC.Headquartered in Fremont, CA, DPW Holdings, Inc., www.DPWHoldings.com, is a diversified holding company that, through its wholly owned subsidiary, Coolisys Technologies, Inc., is dedicated to providing world-class technology-based solutions where innovation is the main driver for mission-critical applications and lifesaving services. Coolisys’ growth strategy targets core markets that are characterized by “high barriers to entry” and include specialized products and services not likely to be commoditized. Coolisys through its portfolio companies develops and manufactures cutting-edge resonant switching power topologies, specialized complex high-frequency radio frequency (RF) and microwave detector-log video amplifiers, very high-frequency filters and naval power conversion and distribution equipment. Coolisys services the defense, aerospace, medical and industrial sectors and manages four entities including Digital Power Corporation, www.DigiPwr.com, a leading manufacturer based in Northern California, 1-877-634-0982; Digital Power Limited dba Gresham Power Ltd., www.GreshamPower.com, a manufacturer based in Salisbury, UK.; Microphase Corporation, www.MicroPhase.com with its headquarters in Shelton, CT 1- 203-866-8000; and Power-Plus Technical Distributors, www.Power-Plus.com, a wholesale distributor based in Sonora, CA 1-800-963-0066. Coolisys operates the branded division, Super Crypto Power, www.SuperCryptoPower.com.Digital Power Lending, LLC, www.DigitalPowerLending.com, a wholly owned subsidiary of the Company, is based in Fremont, CA, and is a California private lending company dedicated to strategically providing capital to small and middle size businesses for an equity interest in addition to loan fees and interest. Super Crypto Mining, Inc. www.SuperCryptoMining.com is a wholly-owned subsidiary of the Company, is based in Fremont CA that leverages its engineering expertise and existing locations to create crypto currency mining facilities across the globe. Excelo, LLC, www.Excelo.com, a wholly-owned subsidiary of the Company, is a national search firm specializing in fulfilling strategic executive, professional and hi-tech placements for businesses delivering world-class services. DPW Holdings, Inc.’s headquarters is located at 48430 Lakeview Blvd., Fremont, California, 94538; 1-877-634-0982. For Investor inquiries: IR@DPWHoldings.com or 1-888-753-2235.Forward-Looking StatementsThe foregoing release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the acquisition and the ability to consummate the acquisition. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.###

FedEx věnuje více než 3,2 miliardy USD na zvýšení platů, prémie, penzijní financování a rozšíření kapitálových investic v USA v návaznosti na přijetí zákona o snížení daní a pracovních místech

FedEx věnuje více než 3,2 miliardy USD na zvýšení platů, prémie, penzijní financování a rozšíření kapitálových investic v USA v návaznosti na přijetí zákona o snížení daní a pracovních místech Press Release from BusinessWire.com has been published today, Marcin Frąckiewicz, .

Memphis (Tennessee)–(BUSINESS WIRE)–Společnost FedEx Corporation dnes zveřejnila tři hlavní programy v návaznosti na nedávno přijatý zákon o snížení daní a pracovních místech (Tax Cuts and Jobs Act) v USA:

1) Více než 200 milionů amerických dolarů na zvýšení kompenzací, z nichž asi dvě třetiny půjdou na odměny členů týmů placených hodinově vyplacením letošního ročního zvýšení platů za šest měsíců předem do 1. dubna oproti normálnímu říjnovému datu. Zbytek bude použit na úhradu zvýšení výkonnostních motivačních opatření pro zaměstnance, kteří dostávají normální pravidelný plat.

2) Dobrovolný příspěvek ve výši 1,5 miliardy amerických dolarů na penzijní plán společnosti FedEx, aby bylo zajištěno, že zůstane jedním z nejlépe financovaných penzijních programů v zemi.

3) Investice ve výši 1,5 miliardy amerických dolarů pro výrazný rozvoj centra FedEx Express v Indianapolis v následujících sedmi letech. Depo SuperHub v Memphisu bud rovněž modernizováno a rozšířeno v rámci hlavního programu, jehož detaily budou zveřejněny v průběhu jara.

Společnost FedEx věří, že zákon o snížení daní a pracovních místech (Tax Cuts and Jobs Act) pravděpodobně zvýší HDP a investice ve Spojených státech amerických.

Společnost neučinila v důsledku těchto akcí žádné změny týkající se tržeb za fiskální rok 2018 ani pokynů ke kapitálovým výdajům, které byly vydány 19. prosince 2017.

Informace o společnosti

Společnost FedEx Corp. (burzovní index NYSE: FDX) poskytuje zákazníkům z řad soukromých osob a firem na celém světě široké portfolio služeb v oblasti přepravy, elektronického obchodování a obchodních služeb. Firma má roční obrat 62 miliard amerických dolarů a své služby a aplikace nabízí pod střechou jednotné společné značky FexEx. Společnost FedEx dlouhodobě patří mezi nejobdivovanější a nejdůvěryhodnější zaměstnavatele, které důvěřuje více než 400 tisíc členů týmu. Naši zaměstnanci maximálně dbají na bezpečnost, dodržování těch nejvyšších etických i profesních norem a též na potřeby svých zákazníků a komunit. Další informace o tom, jak společnost FedEx spojuje lidi a možnosti na celém světě, naleznete na internetových stránkách about.fedex.com.

Výhledová prohlášení

Další penzijní příspěvek by měl být věnován ve třetím čtvrtletí fiskálního roku 2018 prostřednictvím dostupných zdrojů financování úvěrů.

Určitá prohlášení v této tiskové zprávě mohou být považována za výhledová prohlášení, jako například prohlášení týkající se vizí vedení společnosti zaměřených na budoucí události a finanční výkony. Tato výhledová prohlášení podléhají rizikům, nejasnostem a dalším faktorům, které mohou způsobit, že se skutečné výsledky mohou zcela lišit od historických zkušeností nebo budoucích výsledků vyjádřených nebo obsažených v těchto výhledových prohlášeních. Možná rizika a nejasnosti zahrnují, mimo jiné, ekonomické podmínky na světových trzích, kde společnost působí, významné uniky dat nebo jiné porušení naší technologické infrastruktury, trvající dopad kybernetického útoku z 27. Června, který postihl divizi TNT Express, naše schopnost úspěšně integrovat podnikání a operace divize FedEx Express a TNT v očekávaném časovém rámci nebo za očekávané náklady, změny v cenách paliv nebo směnných kurzech, naše schopnost přizpůsobit kapacitu kolísajícímu objemu, nové vládní regulace v USA a v mezinárodním měřítku, naše schopnost efektivně provozovat, integrovat a posilovat získané podniky, naše schopnost dosáhnout cílů zvýšení zisku v našem segmentu FedEx Express, právní problémy nebo změny týkající se provozů v majetku divize FedEx Ground a řidičů poskytujících služby v jejím zastoupení, přerušení nebo modifikace služeb v důsledku změn v podnikání společnosti U.S. Postal Service, schopnost financování podle podmínek, které jsou pro nás přijatelné, důsledky teroristických aktivit nebo mezinárodních konfliktů a další faktory, které naleznete v tiskových zprávách společnosti FedEx Corp. a jejích dceřiných společností a hlášeních, které společnost FedEx Corp. předkládá Komisi pro cenné papíry (SEC). Tato výhledová prohlášení se vztahují pouze k datu, kdy byla učiněna. Společnost nepřebírá žádnou povinnost aktualizovat ani upravovat tato výhledová prohlášení v důsledku nových informací, budoucích událostí ani jinak.

Text této zprávy v původním, zdrojovém jazyce je oficiální verzí. Překlad této zprávy do jiných jazyků poskytujeme pouze jako doplňkovou službu. Text zprávy v původním, zdrojovém jazyce je jedinou právně závaznou verzí této tiskové zprávy.

DST Systems, Inc. Announces Fourth Quarter 2017 Financial Results

DST Systems, Inc. Announces Fourth Quarter 2017 Financial Results Press Release from PRNEWSWIRE has been published today, Maciej Heyman, .

KANSAS CITY, Mo., Jan. 29, 2018 /PRNewswire/ — DST Systems, Inc. (NYSE: DST) reported consolidated net income attributable to DST of $81.2 million ($1.34 per diluted share) for the fourth quarter 2017 compared to $42.9 million ($0.66 per diluted share) for the fourth quarter 2016. Net income attributable to DST for the year ended December 31, 2017 was $451.5 million ($7.27 per diluted share) compared to $427.3 million ($6.41 per diluted share) for the year ended December 31, 2016.

Income from continuing operations attributable to DST Systems, Inc. (“DST Earnings”), which excludes discontinued operations, was $81.2 million ($1.34 per diluted share) for the fourth quarter 2017 compared to $54.6 million ($0.84 per diluted share) for the fourth quarter 2016. DST Earnings for the year ended December 31, 2017 was $447.0 million ($7.20 per diluted share) compared to $179.0 million ($2.68 per diluted share) for the year ended December 31, 2016.

Taking into account certain non-GAAP adjustments, DST Earnings were $67.5 million ($1.11 per diluted share) for the fourth quarter 2017 compared to $53.9 million ($0.83 per diluted share) for the fourth quarter 2016, and $207.8 million ($3.36 per diluted share) for the year ended December 31, 2017 compared to $190.9 million ($2.87 per diluted share) for the year ended December 31, 2016.

“Our fourth quarter and full year 2017 financial results demonstrate our continued success in delivering value to our clients and achieving efficiencies within our businesses,” said Steve Hooley, Chairman, CEO and President of DST. “We are pleased to be moving ahead with our recently announced agreement to combine with SS&C Technologies Holdings, Inc. (“SS&C”) for $84 per share in cash, through which we expect to deliver significant value for our shareholders while enhancing the value that we can bring to our clients for the long-term.”

Consolidated Financial Highlights

Operating Results

Fourth quarter 2017 diluted earnings per share from continuing operations, after non-GAAP adjustments, was $1.11, an increase of $0.28 or 33.7% from fourth quarter 2016. Significant items impacting the quarterly results include the following:

  • Consolidated operating revenues increased $179.0 million or 47.9% to $552.7 million as compared to fourth quarter 2016, primarily as a result of the 2017 acquisitions of the remaining interests in Boston Financial Data Services (“BFDS”) and International Financial Data Services U.K. (“IFDS U.K.”) which contributed $179.7 million of incremental operating revenues during fourth quarter 2017.
  • Consolidated operating income on a GAAP basis increased $1.9 million to $77.3 million as compared to fourth quarter 2016. Consolidated operating income, after non-GAAP adjustments, increased $22.3 million or 26.8% to $105.5 million as compared to fourth quarter 2016. The increase in operating income was primarily due to the operating income from the acquisitions of the remaining interests in BFDS and IFDS U.K. in 2017, partially offset by higher performance-based stock compensation expense.
  • The effective tax rate for fourth quarter 2017 on a GAAP basis, which includes the estimated impact of the Tax Cuts and Jobs Act (the “Tax Act”) enacted in December 2017, was 18.1%. The effective tax rate for fourth quarter 2017, after non-GAAP adjustments, was 35.7%, a slight increase as compared to 35.3% in the fourth quarter 2016. The current quarter rate of 35.7% is lower than our previously expected rate for the quarter of 37.0% primarily due to the mix of international and domestic income and an increase in the amount of estimated tax credits.
  • Weighted average diluted shares outstanding for fourth quarter 2017 were 60.6 million, a decrease of 4.4 million shares or 6.8% from fourth quarter 2016, primarily as a result of share repurchases during 2017.

Merger Announcement

As announced on January 11, 2018, we have entered into a merger agreement wherein SS&C will acquire DST. Under the terms of the agreement, SS&C will purchase DST in an all-cash transaction for $84.00 per share plus the assumption of debt, equating to an enterprise value of approximately $5.4 billion. The transaction is subject to DST stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions and is currently expected to close by the third quarter of this year.

New and Amended Debt Agreements

On November 14, 2017, we entered into a Master Note Purchase Agreement (the “Note Purchase Agreement”) for the private placement of $415.0 million aggregate principal indebtedness comprised of six tranches of notes with maturity dates ranging from 2023 through 2033 at an average fixed interest rate of 4.0%. Of the total placement of $415.0 million, $350.0 million was issued on November 14, 2017 and was primarily used to pay down our revolving credit facility. The remaining $65.0 million is scheduled to be issued on August 6, 2018 and we anticipate the proceeds will be used to repay the $65.0 million of debt that matures in August 2018.

We also renewed and modified our accounts receivable securitization program to extend the maturity date to November 14, 2020 and to include the BFDS receivables in the securitization program.

Real Estate Transaction

In December 2017, we received a distribution of real estate and related debt from our 50/50 joint venture, Broadway Square Partners. The properties received in the distribution are utilized by our employees in downtown Kansas City, Missouri. Concurrently, Broadway Square Partners also distributed real estate, which was not occupied by DST, and cash to the other joint venture partner resulting in a continued 50/50 ownership in the partnership post-distribution. The step-up to fair value of the real estate and debt distributed resulted in a gain of $46.0 million recorded by the joint venture, of which $23.0 million is reflected in our equity in earnings of unconsolidated affiliates and has been excluded from our non-GAAP earnings. The land, buildings and parking facilities received were recorded on our Balance Sheet at $19.2 million. We recorded the debt assumed at its $4.4 million fair value on the date of distribution. On an annual basis, we expect this transaction will reduce our rent expense included within Costs and expenses by $2.4 million, partially offset by an increase to Depreciation expense of $0.3 million.

Tax Reform Impacts

The Tax Act implements a broad range of tax reform including changes to corporate tax rates, business deductions and international tax provisions. The impact of the Tax Act to the reported results for the fourth quarter 2017 is a $13.7 million tax benefit primarily from the net impact of the revaluation of our deferred tax assets and liabilities utilizing the enacted tax rate at the time they are anticipated to be realized less the estimated United States (“U.S.”) toll charge associated with undistributed accumulated foreign earnings. This reflects our current estimate of the U.S. income tax effects of the Tax Act, however these are provisional amounts subject to adjustment during the one year measurement period. We have removed the current quarter impact of the Tax Act from our non-GAAP earnings as it represents a one-time financial impact. Taking into account the estimated impacts of the Tax Act, we currently expect the 2018 effective tax rate to be approximately 26.5%. The impact of the Tax Act may differ from these estimates, possibly materially, due to, among other things, changes in interpretations and assumptions we have made, federal tax regulations and guidance that may be issued by the U.S. Department of the Treasury and actions we may take as a result of the Tax Act.

Share Repurchase Activity

During the fourth quarter 2017, we spent $75.0 million to repurchase approximately 1.3 million shares of DST common stock resulting in $150.0 million remaining under the share repurchase plan that was approved in second quarter 2017. As a result of the merger agreement entered into in January 2018 with SS&C, we are precluded from declaring any further dividends and repurchasing any additional DST common stock under the existing share repurchase plan.

Detailed Review of Financial Results

The following discussion of financial results takes into account the non-GAAP adjustments described in the section entitled “Use of Non-GAAP Financial Information” and detailed in the attached schedule entitled “Reconciliation of Reported Results to Non-GAAP Results.” On a GAAP basis, operating income for the fourth quarter 2017 for each segment was as follows: $38.0 million for the Domestic Financial Services segment, $19.3 million for the International Financial Services segment and $20.0 million for the Healthcare Services segment.

Segment Results

Domestic Financial Services Segment

Operating revenues for the Domestic Financial Services segment for fourth quarter 2017 increased $67.7 million or 27.3% to $315.9 million as compared to fourth quarter 2016. The operating revenue increase was primarily driven by operating revenues from BFDS, which contributed approximately $61.4 million of incremental revenues during the fourth quarter 2017. BFDS revenues for the fourth quarter 2017 include $4.0 million of one-time revenue resulting from an early termination payment received from a client that migrated off our system during the quarter. Excluding the BFDS operating revenues in 2017, operating revenues for the Domestic Financial Services segment increased $6.3 million or 2.5%. The additional increase in operating revenues was primarily due to a $5.0 million increase in revenue at ALPS resulting from an insurance claim reimbursement of $2.0 million received in fourth quarter 2017 as compared to a reduction to ALPS revenue of $3.0 million in fourth quarter 2016 for the processing error that generated the insurance claim. In addition, operating revenues were higher as a result of increased fund flows and higher market performance at ALPS, partially offset by lower mutual fund registered shareowner account processing revenues. Also, software license revenues of $4.0 million in fourth quarter 2017 were $1.7 million lower as compared to fourth quarter 2016.

Domestic Financial Services segment operating income increased $2.2 million or 4.0% during fourth quarter 2017 to $56.6 million as compared to fourth quarter 2016. The increase in operating income was primarily from the acquisition of the remaining interests in BFDS during 2017, including the $4.0 million termination fee received, partially offset by higher non-cash stock compensation expense as a result of an increase in the number of performance stock units we expect will vest coupled with lower software license revenue. Operating expense also increased as a result of additional spending to support our information technology transformation initiative, as well as higher run-rate costs for security and other infrastructure requirements. Operating margin for fourth quarter 2017 was 17.9% as compared to 21.9% in 2016.

We are pleased to announce that in December 2017 we entered into a ten year contract with a new client to provide both mutual fund and retirement servicing solutions. Based on current volumes, the client is expected to convert approximately 2.0 million registered accounts and 0.3 million retirement accounts onto our platforms during mid to late 2019. This new client currently performs their processing in-house and in order to assist the new client with covering the costs to transition to our platforms we have agreed to pay them $13.0 million in transition assistance during the conversion, of which $2.0 million was paid in December 2017. The total amounts to be paid will be amortized as a reduction to revenue over the course of the ten year contractual term. Additionally, in December 2017 we renewed our largest Domestic Financial Services client to a new 7 year contract. Based upon our new rate structure, we expect our operating revenue in 2018 associated with this client to be relatively consistent with the 2017 revenue.

As part of our continuing strategic review of our operations we decided not to renew a long-term surety bond insurance agreement which expired in December 2017 as the proposed revised terms were no longer economically advantageous. This agreement historically generated approximately $14.0 million of annual revenue.

International Financial Services Segment

Operating revenues for the International Financial Services segment for fourth quarter 2017 increased $116.6 million to $145.1 million as compared to fourth quarter 2016. The operating revenue increase was primarily driven by the acquisition of the remaining interests in IFDS U.K., which contributed $118.3 million of incremental operating revenues during the fourth quarter 2017. The IFDS U.K. fourth quarter 2017 revenue increased sequentially as compared to third quarter 2017 primarily as a result of agreements reached with various clients to fund system developments for certain regulatory changes. Software license revenues of $4.7 million in fourth quarter 2017 were $2.0 million higher as compared to fourth quarter 2016. The increases in IFDS U.K. revenues and software license revenues were partially offset by lower revenues as a result of the previously announced contract termination of a wealth management client.

International Financial Services segment operating income increased $20.0 million during fourth quarter 2017 to $23.7 million as compared to fourth quarter 2016. The increase in operating income was primarily due to the acquisition of the remaining interest in IFDS U.K. and increased software license revenues, partially offset by operating costs associated with on-going development and implementation efforts for our wealth management platform clients. Operating margin for fourth quarter 2017 was 16.3% as compared to 13.0% in 2016.

Our International Financial Services segment has been notified that two of our clients, which have collectively contributed approximately $33.0 million of annual revenues, will be migrating off our FAST platform in stages through the end of 2018.

Healthcare Services Segment 

Healthcare Services segment operating revenues decreased $6.6 million or 5.9% during fourth quarter 2017 to $105.3 million as compared to fourth quarter 2016. The decrease was primarily attributable to the previously announced client migrations, which resulted in approximately $13.9 million lower revenues during the fourth quarter 2017. Excluding the customer migrations, Healthcare Services segment operating revenues increased $7.3 million or 7.4%. This increase in operating revenues was primarily the result of organic growth and the expansion of high-value services we are offering to clients in both the medical and pharmacy businesses, as well as a $0.3 million increase in software license revenue to $2.8 million in fourth quarter 2017. Operating revenues were adversely impacted by lower consulting and professional services revenues in the medical business driven by continued uncertainty of healthcare regulations as compared to the prior year.

Healthcare Services segment operating income increased $0.1 million or 0.4% during fourth quarter 2017 to $25.2 million as compared to fourth quarter 2016. The increase was primarily due to organic growth and the expansion of the high-value services we are offering to existing clients in both the medical and pharmacy businesses, partially offset by client migrations during 2017. Operating margin for fourth quarter 2017 was 23.9% as compared to 22.4% in the fourth quarter 2016.

During the fourth quarter 2017, we renewed our pharmacy services contract with the Healthcare Services segment’s second largest customer extending the term of the contract through December 31, 2020.

Other Financial Results

Equity in earnings of unconsolidated affiliates

The following table summarizes the Company’s equity in earnings of unconsolidated affiliates (in millions):

Three Months Ended

Year Ended

December 31,

December 31,

2017

2016

2017

2016

IFDS L.P.

$

2.5

$

(1.7)

$

8.1

$

2.2

IFDS U.K.

1.8

1.0

10.0

BFDS

2.8

3.2

8.3

Other

1.7

0.4

8.6

6.7

$

4.2

$

3.3

$

20.9

$

27.2

DST’s equity in earnings of unconsolidated affiliates decreased as it discontinued recording equity in earnings of IFDS U.K. and BFDS on March 27, 2017 and March 30, 2017, respectively, as a result of the previously discussed acquisitions.

Use of Non-GAAP Financial Information

In addition to reporting financial information on a GAAP basis, DST has disclosed non-GAAP financial information which has been reconciled to the corresponding GAAP measures in the following financial schedules entitled “Reconciliation of Reported Results to Non-GAAP Results.”  In making these adjustments to determine the non-GAAP results, the Company takes into account the impact of items that are not necessarily ongoing in nature, that do not have a high level of predictability associated with them or that are non-operational in nature.  Generally, these items include net gains on dispositions of businesses, net gains (losses) associated with securities and other investments, acquired intangible asset amortization, restructuring and impairment costs and other similar items. Our non-GAAP DST Earnings and non-GAAP diluted earnings per share are also adjusted for the income tax impact of the above items, as applicable. The income tax impact of each non-GAAP item is calculated by applying the statutory rate and local tax regulations in the jurisdiction in which the item was incurred. Additionally, income tax is adjusted to remove the impacts of large discrete or unusual items. Management believes the exclusion of these items provides a useful basis for evaluating underlying business unit performance, but should not be considered in isolation and is not in accordance with, or a substitute for, evaluating business unit performance utilizing GAAP financial information.  Management uses non-GAAP measures in its budgeting and forecasting processes and to further analyze its financial trends and “operational run-rate,” as well as making financial comparisons to prior periods presented on a similar basis.  The Company believes that providing such adjusted results allows investors and other users of DST’s financial statements to better understand DST’s comparative operating performance for the periods presented.

DST’s management uses each of these non-GAAP financial measures in its own evaluation of the Company’s performance, particularly when comparing performance to past periods.  DST’s non-GAAP measures may differ from similar measures by other companies, even if similar terms are used to identify such measures.  Although DST’s management believes non-GAAP measures are useful in evaluating the performance of its business, DST acknowledges that items excluded from such measures may have a material impact on the Company’s financial information calculated in accordance with GAAP.  Therefore, management typically uses non-GAAP measures in conjunction with GAAP results.  These factors should be considered when evaluating DST’s results.

Important Additional Information and Where to Find It

In connection with the proposed merger, the Company intends to file relevant materials with the Securities and Exchange Commission (the “SEC”), including a preliminary proxy statement on Schedule 14A. Following the filing of the definitive proxy statement with the SEC, the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed merger. STOCKHOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS IN THEIR ENTIRETY (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The proxy statement and other relevant materials (when available), and any and all documents filed by the Company with the SEC, may be obtained for free at the SEC’s website at www.sec.gov. In addition, stockholders may obtain free copies of the documents filed with the SEC by the Company via the Company’s Investor Relations section of its website at www.dstsystems.com or by contacting Investor Relations by directing a request to the Company, Attention: Investor Relations, 333 W. 11th, 5th Floor, Kansas City, MO 64105, or by calling (816) 435-4925.

Participants in the Merger Solicitation

This document does not constitute a solicitation of proxy, an offer to purchase or a solicitation of an offer to sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. the Company, its directors, executive officers and certain employees may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the proposed merger. Information about the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of the Company’s stockholders in connection with the proposed merger, and any interest they have in the proposed merger, will be set forth in the definitive proxy statement when it is filed with the SEC. Additional information regarding these individuals is set forth in the Company’s proxy statement for its 2017 Annual Meeting of Stockholders, which was filed with the SEC on March 24, 2017, and its Annual Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the SEC on February 28, 2017. These documents may be obtained for free at the SEC’s website at www.sec.gov, and via the Company’s Investor Relations section of its website at www.dstsystems.com.

Safe Harbor Statement

Certain material presented in the press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, (i) all statements, other than statements of historical fact, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future or that depend on future events, or (ii) statements about our future business plans and strategy and other statements that describe the Company’s outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance. Whenever used, words such as “may,” “will,” “would,” “should,” “potential,” “strategy,” “anticipates,” “estimates,” “expects,” “project,” “predict,” “intends,” “plans,” “believes,” “targets” and other terms of similar meaning are intended to identify such forward-looking statements. The forward-looking statements contained in the press release include, but are not limited to, statements regarding future expenses, the expected effects of customer additions and losses, the expected effects of SS&C’s proposed acquisition of the Company, the expected timing and conditions precedent relating to SS&C’s proposed acquisition of the Company, anticipated earnings enhancements, synergies, and other strategic options relating to SS&C’s proposed acquisition of the Company, and statements regarding the estimated effects of the Tax Act on the Company’s effective tax rate, U.S. deferred tax liabilities and earnings, and expenses and reserves offsetting such effects, and estimated toll charges associated with undistributed accumulated foreign earnings. Forward-looking statements are uncertain and to some extent unpredictable, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements. Factors that could cause results to differ materially from those anticipated include, but are not limited to, unanticipated issues associated with the satisfaction of the conditions precedent to SS&C’s proposed acquisition of the Company; issues associated with obtaining necessary regulatory approvals for SS&C’s proposed acquisition of the Company and the terms and conditions of such approvals; SS&C’s inability to obtain financing for its proposed acquisition of the Company and the terms of any financing; the inability to integrate successfully the Company within SS&C and to obtain anticipated synergies; exposure to potential litigation relating to SS&C’s proposed acquisition of the Company; changes in anticipated costs related to SS&C’s proposed acquisition of the Company; changes in interpretations and assumptions the Company has made with respect to the anticipated effects of the Tax Act; federal tax regulations and guidance that may be issued by U.S. Department of the Treasury; and future actions of the Company resulting from the Tax Act; as well as the risk factors and cautionary statements included in the Company’s periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking statements. Any forward-looking statements made in this press release speak only as of the date of this press release. Except as may be required by applicable law, the Company undertakes no obligation to update any forward-looking statements in this press release to reflect new information, future events or otherwise.

DST SYSTEMS, INC.

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(In millions, except per share amounts)

(Unaudited)

Three Months Ended

Year Ended

December 31,

December 31,

2017

2016

2017

2016

Operating revenues

$

552.7

$

373.7

$

2,086.7

$

1,474.4

Out-of-pocket reimbursements

41.2

25.1

131.5

82.3

Total revenues

593.9

398.8

2,218.2

1,556.7

Costs and expenses

481.3

296.5

1,805.0

1,213.4

Depreciation and amortization

35.3

26.9

128.0

96.0

Operating income

77.3

75.4

285.2

247.3

Interest expense

(7.1)

(5.5)

(26.8)

(23.5)

Other income, net

1.8

2.7

219.0

22.7

Gain on sale of business

5.5

5.5

Equity in earnings of unconsolidated affiliates

27.2

3.3

54.5

27.2

Income from continuing operations before income taxes
and non-controlling interest

99.2

81.4

531.9

279.2

Income tax expense

18.0

27.3

84.3

101.1

Income from continuing operations before non-controlling
interest

81.2

54.1

447.6

178.1

Income (loss) from discontinued operations, net of tax

(11.7)

4.5

248.3

Net income

81.2

42.4

452.1

426.4

Net (income) loss attributable to non-controlling interest

0.5

(0.6)

0.9

Net income attributable to DST Systems, Inc.

$

81.2

$

42.9

$

451.5

$

427.3

Weighted average common shares outstanding

59.9

64.2

61.4

66.0

Weighted average diluted shares outstanding

60.6

65.0

62.1

66.6

Basic earnings per share:

Continuing operations attributable to DST Systems, Inc.

$

1.36

$

0.85

$

7.28

$

2.71

Discontinued operations

(0.18)

0.07

3.76

Basic earnings per share

$

1.36

$

0.67

$

7.35

$

6.47

Diluted earnings per share:

Continuing operations attributable to DST Systems, Inc.

$

1.34

$

0.84

$

7.20

$

2.68

Discontinued operations

(0.18)

0.07

3.73

Diluted earnings per share

$

1.34

$

0.66

$

7.27

$

6.41

Cash dividends per share of common stock

$

0.18

$

0.16

$

0.72

$

0.66

DST SYSTEMS, INC.

SEGMENT FINANCIAL INFORMATION

(In millions) (Unaudited)

Three Months Ended December 31, 2017

Domestic
Financial Services

International
Financial Services

Healthcare
Services

Elimination
Adjustments

Consolidated

Total

Operating revenues

$

302.4

$

145.0

$

105.3

$

$

552.7

Intersegment operating revenues

13.5

0.1

(13.6)

Out-of-pocket reimbursements

34.2

4.8

2.0

0.2

41.2

Total revenues

350.1

149.9

107.3

(13.4)

593.9

Costs and expenses

288.6

121.2

84.9

(13.4)

481.3

Depreciation and amortization

23.5

9.4

2.4

35.3

Operating income

$

38.0

$

19.3

$

20.0

$

$

77.3

Capital expenditures

$

13.6

$

5.9

$

1.4

$

$

20.9

Three Months Ended December 31, 2016

Domestic
Financial Services

International
Financial Services

Healthcare
Services

Elimination
Adjustments

Consolidated

Total

Operating revenues

$

233.4

$

28.4

$

111.9

$

$

373.7

Intersegment operating revenues

14.8

0.1

(14.9)

Out-of-pocket reimbursements

22.5

0.4

2.2

25.1

Total revenues

270.7

28.9

114.1

(14.9)

398.8

Costs and expenses

199.1

25.3

87.0

(14.9)

296.5

Depreciation and amortization

22.4

0.9

3.6

26.9

Operating income

$

49.2

$

2.7

$

23.5

$

$

75.4

Capital expenditures

$

20.4

$

0.2

$

1.6

$

$

22.2

Year Ended December 31, 2017

Domestic
Financial Services

International
Financial Services

Healthcare
Services

Elimination
Adjustments

Consolidated

Total

Operating revenues

$

1,130.3

$

537.9

$

418.5

$

$

2,086.7

Intersegment operating revenues

56.9

0.5

(57.4)

Out-of-pocket reimbursements

111.8

12.2

7.5

131.5

Total revenues

1,299.0

550.6

426.0

(57.4)

2,218.2

Costs and expenses

1,072.2

449.3

340.9

(57.4)

1,805.0

Depreciation and amortization

86.8

30.7

10.5

128.0

Operating income

$

140.0

$

70.6

$

74.6

$

$

285.2

Capital expenditures

$

64.0

$

8.8

$

6.8

$

$

79.6

Year Ended December 31, 2016

Domestic
Financial Services

International
Financial Services

Healthcare
Services

Elimination
Adjustments

Consolidated

Total

Operating revenues

$

937.7

$

110.5

$

426.2

$

$

1,474.4

Intersegment operating revenues

58.1

0.4

(58.5)

Out-of-pocket reimbursements

73.0

1.2

8.5

(0.4)

82.3

Total revenues

1,068.8

112.1

434.7

(58.9)

1,556.7

Costs and expenses

829.0

98.2

345.1

(58.9)

1,213.4

Depreciation and amortization

77.3

3.1

15.6

96.0

Operating income

$

162.5

$

10.8

$

74.0

$

$

247.3

Capital expenditures

$

56.1

$

2.6

$

5.4

$

$

64.1

DST SYSTEMS, INC.

CONDENSED CONSOLIDATED BALANCE SHEET

(In millions)

(Unaudited)

December 31,
2017

December 31,
2016

Assets

Current assets

Cash and cash equivalents

$

80.5

$

195.5

Funds held on behalf of clients

454.5

500.5

Client funding receivable

47.0

64.1

Accounts receivable

363.8

215.5

Other assets

91.9

70.0

Current assets held for sale

72.6

1,037.7

1,118.2

Investments

199.7

377.4

Unconsolidated affiliates

94.0

331.2

Properties, net

349.8

235.7

Intangible assets, net

283.1

142.6

Goodwill

799.1

516.4

Other assets

174.8

50.3

Total assets

$

2,938.2

$

2,771.8

Liabilities

Current liabilities

Current portion of debt

$

83.7

$

208.5

Client funds obligations

504.2

564.6

Accounts payable

101.2

62.9

Accrued compensation and benefits

137.9

101.7

Deferred revenues and gains

28.3

23.5

Income taxes payable

5.0

22.0

Other liabilities

111.0

78.1

Current liabilities held for sale

30.1

971.3

1,091.4

Long-term debt

537.1

299.7

Income taxes payable

75.0

69.8

Deferred income taxes

62.0

151.5

Other liabilities

51.6

22.9

Total liabilities

1,697.0

1,635.3

Redeemable non-controlling interest

21.3

Stockholders’ equity

1,241.2

1,115.2

Total liabilities, redeemable non-controlling interest and stockholders’ equity

$

2,938.2

$

2,771.8

Common shares outstanding

59.3

64.0

DST SYSTEMS, INC.

RECONCILIATION OF REPORTED RESULTS TO NON-GAAP RESULTS – CONTINUING OPERATIONS

Three Months Ended December 31,

(Unaudited – in millions, except per share amounts)

2017

Operating

Operating

DST

Diluted

Revenue

Income

Earnings (a)

EPS

Reported GAAP results

$

552.7

$

77.3

$

81.2

$

1.34

Adjusted to remove:

Amortization of intangible assets (1)

10.0

10.0

0.17

Restructuring charges (2)

11.5

11.5

0.19

Advisory and other transaction costs (3)

6.7

6.7

0.11

Net gain on securities and other investments (4)

(2.3)

(0.04)

Net gains from unconsolidated affiliates (5)

(23.0)

(0.38)

Legal accrual (6)

2.9

0.05

Income tax items (7)

(19.1)

(0.32)

Income tax effect of adjustments (8)

(0.4)

(0.01)

Adjusted Non-GAAP results

$

552.7

$

105.5

$

67.5

$

1.11

2016

Operating

Operating

DST

Diluted

Revenue

Income

Earnings (a)

EPS

Reported GAAP results

$

373.7

$

75.4

$

54.6

$

0.84

Adjusted to remove:

Amortization of intangible assets (1)

6.0

6.0

0.09

Restructuring charges (2)

1.8

1.8

0.03

Net gain on securities and other investments (4)

(0.9)

(0.01)

Net gain on sale of business (9)

(5.5)

(0.09)

Income tax effect of adjustments (8)

(2.1)

(0.03)

Adjusted Non-GAAP results

$

373.7

$

83.2

$

53.9

$

0.83

(a) DST Earnings has been defined as “Income from continuing operations attributable to DST Systems, Inc.”

Note: See the “Use of Non-GAAP Financial Information” section for management’s reasons for providing non-GAAP financial information.

DST SYSTEMS, INC.

RECONCILIATION OF REPORTED RESULTS TO NON-GAAP RESULTS – CONTINUING OPERATIONS

Three Months Ended December 31,

(Unaudited – in millions, except per share amounts)

2017

Domestic
Financial
Services

International
Financial
Services

Healthcare
Services

Consolidated
Total

Reported GAAP Operating Income

$

38.0

$

19.3

$

20.0

$

77.3

Adjusted to remove:

Amortization of intangible assets (1)

5.4

3.8

0.8

10.0

Restructuring charges (2)

6.5

0.6

4.4

11.5

Advisory and other transaction costs (3)

6.7

6.7

Adjusted Non-GAAP Operating Income

$

56.6

$

23.7

$

25.2

$

105.5

2016

Domestic
Financial
Services

International
Financial
Services

Healthcare
Services

Consolidated
Total

Reported GAAP Operating Income

$

49.2

$

2.7

$

23.5

$

75.4

Adjusted to remove:

Amortization of intangible assets (1)

4.4

1.6

6.0

Restructuring charges (2)

0.8

1.0

1.8

Adjusted Non-GAAP Operating Income

$

54.4

$

3.7

$

25.1

$

83.2

Note: See the “Use of Non-GAAP Financial Information” section for management’s reasons for providing non-GAAP financial information.

DST SYSTEMS, INC.

RECONCILIATION OF REPORTED RESULTS TO NON-GAAP RESULTS – CONTINUING OPERATIONS

Year Ended December 31,

(Unaudited – in millions, except per share amounts)

2017

Operating

Operating

DST

Diluted

Revenue

Income

Earnings (a)

EPS

Reported GAAP results

$

2,086.7

$

285.2

$

447.0

$

7.20

Adjusted to remove:

Amortization of intangible assets (1)

35.7

35.7

0.57

Restructuring charges (2)

23.4

23.4

0.38

Advisory and other transaction costs (3)

18.7

18.7

0.30

Charitable contribution of securities (10)

11.6

1.2

0.02

Contract termination (11)

(93.2)

(53.5)

(53.5)

(0.86)

Net gain on securities and other investments (4)

(159.8)

(2.57)

Gain on previously held equity interests (12)

(43.8)

(0.70)

Net gains from unconsolidated affiliates (5)

(33.6)

(0.54)

Legal accrual (6)

2.9

0.05

Income tax items (7)

(30.4)

(0.49)

Adjusted Non-GAAP results

$

1,993.5

$

321.1

$

207.8

$

3.36

2016

Operating

Operating

DST

Diluted

Revenue

Income

Earnings (a)

EPS

Reported GAAP results

$

1,474.4

$

247.3

$

179.0

$

2.68

Adjusted to remove:

Amortization of intangible assets (1)

23.1

23.1

0.35

Restructuring charges (2)

15.2

15.2

0.23

Reversal of accrued contingent consideration (13)

(6.5)

(6.5)

(0.10)

Software impairment (14)

6.0

6.0

0.09

Net gain on securities and other investments (4)

(17.2)

(0.26)

Net gain on sale of business (9)

(5.5)

(0.07)

Income tax items (7)

3.9

0.06

Income tax effect of adjustments (8)

(7.1)

(0.11)

Adjusted Non-GAAP results

$

1,474.4

$

285.1

$

190.9

$

2.87

(a) DST Earnings has been defined as “Income from continuing operations attributable to DST Systems, Inc.”

Note: See the “Use of Non-GAAP Financial Information” section for management’s reasons for providing non-GAAP financial information.

Descriptions of Non-GAAP Adjustments

(1)

The amortization of intangible assets is included in the Condensed Consolidated Statement of Income within the Depreciation and amortization line item. The adjustment comprises all non-cash amortization of acquired intangible assets and acquired software.

(2)

Restructuring charges are comprised of severance and other costs incurred as a result of organizational changes. These charges are recorded in the Condensed Consolidated Statement of Income within the Costs and expenses line item.

(3)

Advisory and other transaction costs incurred in connection with the integration of business acquisitions and other significant transactions are recorded in the Condensed Consolidated Statement of Income within the Costs and expenses line item.

(4)

Net gain on securities and other investments is comprised of net realized gains from exchange or sales of available-for-sale securities, other than temporary impairments on available-for-sale securities and net gains on private equity funds, seed capital investments and other investments. These net gains were recorded in the Condensed Consolidated Statement of Income within the Other income, net line item.

(5)

The net gains from unconsolidated affiliates represents the step-up of certain investments and real estate assets that were distributed out of our joint ventures and are included in the Condensed Consolidated Statement of Income within the Equity in earnings of unconsolidated affiliates line item.

(6)

The legal accrual is included in the Condensed Consolidated Statement of Income within the Other income, net line item.

(7)

Income tax items relate to benefits realized from the release of particular uncertain tax positions settled, effectively settled or otherwise remeasured during the period, transaction related taxes and the expected impact of the Tax Act. These items are included in the Condensed Consolidated Statement of Income within the Income taxes line item.

(8)

This amount represents the aggregated tax effect of the non-GAAP adjustments that are subject to income tax. The tax effects are determined based on the tax treatment of the related adjustments, the statutory tax rate and local tax regulations in the jurisdictions pertaining to each adjustment, and taking into consideration their effect on pre-tax income (loss), and are included in the Condensed Consolidated Statement of Income within the Income taxes line item.

(9)

The gain on sale of business is included in the Condensed Consolidated Statement of Income within the Other income, net line item.

(10)

The expense for a charitable contribution of marketable securities of $11.6 million was offset by a book gain of $10.4 million on the disposition of the securities, which was recorded in the Condensed Consolidated Statement of Income within Other income, net line item.

(11)

As a result of a termination agreement reached with a wealth management platform client during second quarter 2017, previously deferred revenues and contractual termination payments received were recognized in the Condensed Consolidated Statement of Income within Operating revenues by the International Financial Services segment. Additionally, bad debt expense, severance and other costs and expenses of $38.9 million and a fixed asset impairment of $0.8 million were recorded in the Condensed Consolidated Statement of Income within the Costs and expenses and Depreciation and amortization line items, respectively.

(12)

The gain represents the step-up of the carrying value of our previously held equity interests in BFDS and IFDS U.K. to fair value at the acquisition date of each entity and is included in the Condensed Consolidated Statement of Income within the Other income, net line item.

(13)

The reversal of previously accrued performance-related contingent consideration for prior acquisitions is recorded in the Condensed Consolidated Statement of Income within the Costs and expenses line item.

(14)

The software impairment is included in the Condensed Consolidated Statement of Income within the Costs and expenses line item.

DST SYSTEMS, INC.

STATISTICAL INFORMATION

(Unaudited – in millions, except as noted)

DOMESTIC FINANCIAL SERVICES

December 31,
2017

December 31,
2016

Domestic mutual fund shareowner accounts processed:

Registered accounts – non tax-advantaged

24.2

25.3

IRA mutual fund accounts

20.5

21.1

Other retirement accounts

7.8

8.0

Section 529 and Educational IRAs

7.8

7.5

Registered accounts – tax-advantaged

36.1

36.6

Total registered accounts

60.3

61.9

Subaccounts

46.2

42.1

Total U.S. mutual fund shareowner accounts

106.5

104.0

Defined contribution participant accounts

7.2

6.8

ALPS (in billions of U.S. dollars):

Assets Under Management

$

18.4

$

17.2

Assets Under Administration

$

225.9

$

179.1

Three Months Ended

Year Ended

December 31,

December 31,

2017

2016

2017

2016

Changes in registered accounts:

Beginning balance

61.1

63.4

61.9

65.4

New client conversions

0.1

0.1

3.0

0.1

Subaccounting conversions to DST platforms

(0.5)

(0.8)

(0.9)

(0.9)

Subaccounting conversions to non-DST platforms

(0.1)

(0.1)

(1.0)

(0.5)

Conversions to non-DST platforms

(0.1)

(0.1)

(0.3)

(0.7)

Organic decline

(0.2)

(0.6)

(2.4)

(1.5)

Ending balance

60.3

61.9

60.3

61.9

Changes in subaccounts:

Beginning balance

44.5

41.3

42.1

31.3

New client conversions

0.3

0.3

10.7

Conversions from non-DST registered platforms

0.5

1.6

Conversions from DST’s registered accounts

0.5

0.8

0.9

0.9

Conversions to non-DST platforms

(0.4)

Organic growth (decline)

0.4

1.7

(0.8)

Ending balance

46.2

42.1

46.2

42.1

Defined contribution participant accounts:

Beginning balance

6.8

6.5

6.8

7.0

New client conversions

0.2

0.5

Organic growth (decline)

0.2

0.3

(0.1)

(0.2)

Ending balance

7.2

6.8

7.2

6.8

DST SYSTEMS, INC.

STATISTICAL INFORMATION

(Unaudited – in millions, except as noted)

INTERNATIONAL FINANCIAL SERVICES

December 31,
2017

December 31,
2016

International mutual fund shareowner accounts processed:

IFDS U.K.

8.6

8.9

IFDS L.P. (Canada)

14.5

13.7

HEALTHCARE SERVICES

December 31,
2017

December 31,
2016

DST Health Solutions covered lives

21.8

22.8

Three Months Ended

Year Ended

December 31,

December 31,

2017

2016

2017

2016

DST Pharmacy Solutions pharmacy paid claims

129.2

127.7

500.0

507.0

About DST Systems
DST Systems, Inc. (NYSE: DST) is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. We assist clients in transforming complexity into strategic advantage by providing tools and services to help them stay ahead of and capitalize on ever-changing customer, business and regulatory requirements in the world’s most demanding industries. For more information, visit the DST website at www.dstsystems.com.

Contact:
Gregg Wm. Givens
Senior Vice President, Chief Financial Officer and Treasurer
DST Systems, Inc.
333 West 11th Street
Kansas City, MO 64105-1594
(816) 435-5503

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SOURCE DST Systems, Inc.