Chicago, IL (PRWEB) July 20, 2011

Recently, Commercial Mortgage Source (CMS), a Chicago based lending company, expanded its commercial lending operations in an effort to provide significantly more commercial mortgage products to nationwide real estate owners. CMS holds product and service expansion as the most important area of development for the company. Matt reed explains, “How the commercial mortgage industry is now, constantly adding new abilities and services is the only way to meet demand. There are so many great opportunities out there and our goal is supply them with the capital they need.”

This expansion comes at a time when the commercial mortgages industry needs it the most. Commercial obligation refinances are having a very difficult time finding capital sources to supply them with new loans because many of the banks and traditional commercial lending institutions in the country have scaled back operations. CMS’s expansion is specifically intended to target borrowers that will not be serviced by these institutions.

Commercial Mortgage Source is a commercial real estate mortgage institution which provides nationwide commercial mortgages and commercial real estate mortgages. CMS has provided billions of dollars in commercial real estate financing. Every step of the financing process is handled internally including; initial contact and advisory, document collection, capital markets proposals, negotiation, due diligence coordination, commitment negotiation, and closing.

Jake Clopton

http://commercialmortgagesource.com

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Atlanta, GA (PRWEB) February 21, 2012

Afterburner, Inc., the Atlanta-based consulting, experiential team building and training firm, and the global authority on the Flawless Execution(SM) model recently debuted its U.S. Navy SEAL keynote presentation. Since its debut, the program has fast gained popularity, as three prominent companies recently scheduled and attended a U.S. Navy SEAL experiential team building address that teaches audiences how to achieve operational excellence using the Flawless Execution(SM) process.

Lockheed Martin, a global security company; the American Land Title Association (ALTA), a national trade association and voice of the abstract and title insurance industry; and Williams Financial Group, a privately-held financial services firm, separately attended the experiential team building keynote presentation featuring Mark McGinnis, a highly-decorated U.S. Navy SEAL. McGinnis taught audiences how U.S. Navy SEALs train, plan and lead Flawless Execution(SM) missions around the world. Using real-life mission examples, McGinnis explained how to utilize the Flawless Execution(SM) continuous improvement process of Plan, Brief, Execute and Debrief to thrive and survive in rapidly-changing and hostile business environments. This high-impact one-hour keynote presentation is a derivative of Afterburner, Inc.’s Black Ops experiential team building program, facilitated by U.S. Navy SEALs, 160th SOAR and other Special Forces and Special Operations team members.

As the U.S. Navy SEAL speaker, McGinnis used his elite military training to teach attendees how to apply the zero-tolerance-for-error Flawless Execution(SM) principles in order to accelerate performance and execution in the workplace. McGinnis has completed numerous deployments and operations worldwide, leading over 400 SEAL operations with zero mishaps. During his career as a SEAL officer, McGinnis earned the reputation as “Top Operator,” achieving the rank of Commander in May 2009. He served his country as the lead mission planner for the Special Operations Command (SOCCENT), where he completed a number of deployments in support of Operations Enduring Freedom, Iraqi Freedom and Noble Eagle.

“Afterburner is thrilled that our U.S. Navy SEALs experiential team building keynote presentations have continued to successfully teach our corporate partners how to drive initiative, accountability and achievement,” said James “Murph” Murphy, CEO and founder of Afterburner, Inc. “Our U.S. Navy SEAL speakers utilize their elite military training to teach comprehensive business process improvement initiatives that allow our corporate partners to effectively combat any obstacle, now and in the future.”

To learn more about Afterburner’s U.S. Navy SEAL keynote presentation, or to book a U.S. Navy SEAL speaker to address your organization, visit http://www.afterburnerblackops.com. To discover how Afterburner’s experiential team building keynote presentations can revolutionize the way you do business in today’s fast-paced environment, visit http://www.afterburner.com or call 877-765-5607.

About Afterburner Black Ops

As the global leader in Flawless Execution, Afterburner provides an experiential team building program facilitated by U.S. Navy SEALs, 160th SOAR, U.S. Army Rangers and other Special Operations team members. These Afterburner Black Ops professionals utilize real-life missions to train corporate teams to execute and win using the Flawless Execution zero-tolerance-for-error process. Afterburner currently has offices in the United States, Brazil and Australia, has performed events in 38 countries, trained over 1.5 million business professionals and has had its materials translated into eight languages. Afterburner’s slogan, “Leading the World’s Top Corporations to Flawless Execution” is the very foundation of what the company believes.

About Lockheed Martin

Headquartered in Bethesda, MD, Lockheed Martin is a global security company that employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Led by CEO Robert J. Stevens, the majority of Lockheed Martin’s business is with the U.S. Department of Defense and the U.S. federal government agencies. Lockheed Martin’s operating units are classified under four broad business areas, including aeronautics, electronic systems, information systems, global solutions and space systems.

About ALTA

The American Land Title Association, founded in 1907, is a national trade association representing more than 4,000 title insurance companies, title agents, independent abstracters, title searchers and attorneys. With offices throughout the United States, ALTA members conduct title searches, examinations, closings, and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.

About Williams Financial Group

Founded in 1988, Williams Financial Group is a privately held Dallas-based financial services firm providing securities, brokerage, advisory and investment services to over 250 independent Financial Professionals with clients (individual investors and select institutions) whose combined assets under management are approximately $ 6.5 billion. To learn more about the Williams Financial Group, visit http://www.williams-financial.com.

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ATLANTA, GA (PRWEB) June 28, 2004 -

With a dramatically improving business economy, the Lessors Network is looking for the fifth annual sell out of the Lessors Network Fall Showcase, scheduled August 25-26 from the Ritz-Carlton, Buckhead.

As equipment lessors help fuel the US economic recovery, industry executives responsible for strategic management initiatives turn to the Lessors Network to enhance lease origination, administrative, funding and distribution networks.

In the past, Lessors Network showcases have served as a high profile networking forum for industry professionals representing an elite list of companies including: Allegiant Partners – American Appraisal… – Amsource Capital… – Anderson Young Associates – AssetControl Corporation – Associates First Capital – Bank of America – Banc of America Vendor… – Bancroft Leasing – Bank One Leasing Corp. – Bankers Leasing Company – Bell & Howell – Boeing Capital Corp. – Burr Wolff LP – Caterpillar Financial… – Chase Equipment Leasing – CIT Equipment Financing – CIT Technology Finance – Citicapital – Citibank International – Collateral Specialists Inc. – Commercial Leasing Corp. – Commonwealth Capital Leasing – Daimler Chrysler – Decision Systems, Inc. – De Lage Landen – Dell Financial Services – Deutsche Financial Services – eCredit.com – eOriginal, Inc. – ePlus Group, Inc. – Equilease Financial Ser… – Equity Technologies … – Experian – Fair, Isaac and Company – First Citizens Bank… – First Fleet Corporation – Fleet Capital Leasing – Fortran Group… – GATX Capital – GE Capital – GE Capital Fleet – Services – GE Capital Rail Services – Global Tech – GMAC Commercial Mortgage – Government Leasing Company – IBM Global Financing – Information Leasing Corp. – International Decision Sys. – JLG Industries, Inc. – John Deere Credit – Key Equipment Finance Group – KeyCorp Leasing – KPMG Consulting LLC – LaSalle Systems Leasing – Leasecomm – LeasePartners Capital – Malvern Hill Associates LLC – Marlin Leasing Corp. – M/C Leasing – McCue Systems Inc – MicroBilt Corporation – MRC Rail Services – NAEDA – National Leasing Group – NCR Corporation – Oracle Credit Corporation – ORIX Financial Services Inc. – ORIX Public Finance – PNC Leasing, LLC – Premier Lease & Loan… – RBS Lombard, Inc. – Republic Financial Corp – RVI Group – SAP America – SG Cowen Securities… – Siemens Financial Services – Sony Financial Services – SouthTrust Leasing – Sun Trust Leasing Corp. – Susan Carol Assoc. – Textron Financial Corporation – The Alta Group – Toyota Financial Services – Transamerica Equipment… – Transamerica Public Finance – UCC Direct Services – United Capital – UPS Capital – US Bancorp – Vendor Financial Services – Vision Financial Group – Wachovia Leasing & Equip… – Wells Fargo Equipment Finance Inc.

To learn more about the Lessors Network Fall Showcase, visit the Lessors Network web site at http://www.lessors.com .

ABOUT THE LESSORS NETWORK

The Lessors Network is a sales & marketing network facilitating new business development opportunities within the corporate and municipal equipment leasing markets. Networking showcases are traditionally held from the Ritz-Carlton in Atlanta each spring and fall. Website programs and services provide free access to news, events and important resources facilitating funding/syndication, technology and outsourcing services exclusive to the equipment leasing & finance markets.

Additional information can be viewed at http://www.lessors.com

Contact:

John O. Semon

semon@lessors.com

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

New York, NY (PRWEB) January 31, 2008 -

Refinance.com, the nation’s premier source for home mortgage refinancing, is reporting fixed mortgage rates at their lowest levels since March 2004. As a result of today’s actions by the Federal Reserve to lower interest rates and following last week’s emergency rate cut, Refinance.com sees a great opportunity for homeowners to take advantage of these low mortgage rates.

“The recent Federal Reserve rate cuts are contributing to the lowest 30 year fixed mortgage rates since March of 2004, and Refinance.com is reporting 30 year fixed rates as low as 5.5 percent with zero points,” said Nicholas Bratsafolis, chairman and CEO of Refinance.com. “The mortgage market is showing ever increasing signs of returning to liquidity for many homeowners who need to refinance from adjustable to fixed rate mortgages. We urge homeowners to immediately contact lenders with expertise in mortgage refinancing and explore various alternatives such as FHA fixed rate insured loans,” he added.

Homeowners can take immediate advantage of the historic low mortgage rate, reduce their monthly payments, and enter into the payment certainty of a fixed rate mortgage, possibly with an FHA loan. Refinance.com offers dozens of programs tailored to each borrower’s unique situation with its broad expertise and nearly twenty years in home mortgage refinancing. Homeowners should view this time as an ideal opportunity to refinance their home mortgage at a historically low fixed rate.

Only FHA-approved lenders can offer FHA backed loans which provides mortgage insurance on those loans. Refinance.com has created an online resource for borrowers seeking to refinance their homes with an FHA insured refinance loan. Information, rates and mortgage calculators are available at http://www.refinance.com or by calling 1-800-734-REFI.

“Last week the Federal Reserve reduced the target overnight lending rate to 3.5 percent. Today’s cut brings that rate down to 3.0 percent and we believe this cut and continued further action will lead to a stabilization of the home mortgage industry, which has been disrupted so dramatically over the past several months,” said Mr. Bratsafolis.

About Refinance.com: Refinance.com is one of the nations leading mortgage companies with nearly twenty years of mortgage refinancing expertise. The company has assisted thousands of clients reach their home refinancing goals through its diverse range of mortgage and refinancing options, and specializes in FHA mortgage lending. Founded in 1989, Refinance.com is based in New York City with offices in Syosset, NY and Boca Raton, FL. More information including mortgage rates and mortgage calculators is available at http://www.refinance.com.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

RevBuilders

Gainesville, VA, (PRWEB) February 18, 2012

In an effort to create an online presence primed for SEO, optometrist Dr. Ally Stoeger of G H Eye has enlisted the help of RevBuilders Marketing, a leading SEO Company.

The new G H Eye center will provide comprehensive eye and contact lens examinations, prescription eyewear, and diagnosis and treatment of eye diseases and disorders.

“We want to reach out to the community and seek a real connection” says Dr. Stoeger. “Look for G H Eye to be innovative in all aspects of patient and eye care including examination technology, hours of operation, office policies and price structure.”

When Dr. Stoeger requested the website, G H Eye was still looking for a physical location. “We love working with businesses from the beginning, so we are excited about designing, developing and launching G H Eye new website,” says Scot Small, President and CEO of RevBuilders Marketing. “Once launched, we will work at building their site traffic through dominating in the search rankings for specific keywords.”

While looking for a web design company to build her website, Dr. Stoeger found Dr. Tod Davis’ website. “Dr. Davis is known for being a specialist in the area of Developmental Optometry and Vision Therapy. I noticed his website was showing up in all sorts of different searches,” she states. “So when I found out that RevBuilders was responsible for getting his website so much visibility, of course I chose them to build my website.”

About G H Eye

G H Eye will open in April 2012. And will be located at 7001 Heritage Village Plaza in Gainesville VA. Dr. Ally Stoeger heads the practice, which will focus on a contemporary, professional approach to eye care. Dr. Stoeger has a strong patient care background as her previous practice, in Fairfax County, became one of the most respected and successful eye care practices in Virginia. Dr. Stoeger is relocating to the Gainesville area and will be at G H Eye on a full time basis.

About RevBuilders Marketing

RevBuilders Marketing is a full-service online marketing agency, offering a complete range of integrated online marketing services: SEO or Search Engine Optimization, Paid Search Management, Social Marketing, Email Marketing, and Content Writing. In addition, through effective Web Design and conversion optimization, RevBuilders converts the increased SEO traffic into leads and sales for their clients. RevBuilders Marketing is located in Gainesville, Virginia, serving a client-base across the country. Visit RevBuilders.com for more information.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

(PRWEB) June 6, 2005

Roslyn, NY (PRWEB) June 6, 2005 – GeneralContractorGuide.com is the only online service that lists contact information for businesses covering all areas of construction and general contractors. Subscribers are listed by state in more than 80 different categories covering the construction industry. Click Here to view categories.

What makes GeneralContractorGuide.com different and special is that it helps all types of companies in the construction industry grow their businesses. Companies subscribing to list their business at GeneralContractorGuide.com will enable other companies in the construction industry to find them and establish new business contacts they otherwise might not have known existed.

By providing a one-stop information resource for the construction industry GeneralContractorGuide.com will save companies time and money. Searching the Web is great but having one Website with a comprehensive listing of construction industry supplier information is better.    

GeneralContractorGuide.com provides visitors with a faster, easier, and smoother way to navigate through the various Internet listings in order to find the company that will fill their general contracting and construction needs or other companies to partner with.

By offering different levels of service GeneralContractorGuide.com helps contractors, manufacturers, suppliers, and other subscribing companies reach millions of people at a minimal cost. Click Here to view service levels and/or to subscribe to GeneralContractorGuide.com.

Different service levels allow from five to 80 different listings for a subscriber. All new listings are held until approved for publishing. Subscribers can also report problems with their listing directly from their Web based administration area and view all their listing in one location no matter how many different categories they are spread across.

Visitors can recommend a listed company to friends by clicking a link to email the subscriber information. They can also contact a listed company with the click of a button.

Subscribers add their own listings online including META keywords and descriptions to make their listings search-engine friendly. General ContractorGuide.com subscribers will benefit from 24/7 customer service, a printed listing of our database, a quarterly magazine about the trade, marketplace, ideas, as well as an easier, more accommodating Web site to search and browse.

In conjunction with the launch of their new website GeneralContractorGuide.com is launching a nationwide marketing program to ensure traffic flow to the website. Marketing activities include direct mail, E-Mail campaigns, magazine advertising, newspaper advertisements, radio station advertisements, Web-based advertisements, tradeshow booths and banners.

About GeneralContractorGuide.com:

GeneralContractorGuide.com is the property of Nationwide Information Systems. The sole purpose of GeneralContractorGuide.com is to provide the information contractors and other companies in the construction industry need when they need it. Nationwide Information Systems, Inc. strives to excel in the business of operating an online service that lists contact information for business subscribers covering all areas of construction and general contracting, and publishing the information for distribution. What makes Nationwide Information Systems, Inc. uniquely competitive is that it provides a one-source database for suppliers, manufacturers, and contractors to subscribe to, thereby providing access to Internet consumers seeking these types of services and access to companies providing complementary services.

Contact:

Scott Fishkind

GeneralContractorGuide.com

516-361-7852

http://www.generalcontractorguide.com

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

(PRWEB) December 28, 2005

RewardsCards.com (http://www.RewardsCards.com)] announces its official launch. RewardsCards.com is a credit card Web site that offers tips and information to consumers who want to learn more about rewards credit cards and how to choose the best one.

RewardsCards.com is meant to be a useful resource for consumers who want information quickly on what the best credit cards are and what the latest new rewards programs are.

RewardsCards.com reviews every type of credit card out there, ranging from airline credit cards (frequent flyer cards) and small business credit cards to cash back credit cards, including Discover and many other cards that offer a true one percent cash back instead of “up to” one percent cash back. It features a list of the top three rewards cards, the top 15 gas credit cards, the top three cards with no balance transfer fee and zero percent APR, as well as the top 10 frequent flyer credit cards.

RewardsCards.com offers many great tips, including extra ways to earn points for airline mile programs and ways to make consumers’ purchases go farther. There is also debt consolidation information and ways to help people consolidate their credit cards. The site features articles such as, “Sneaky Credit Card Fees.”

The site reviews gas rebate cards in depth, which is useful information at a time when 2006 gas rates are predicted to hit record highs again. RewardsCards.com ranks the top gas credit cards as well as lists the ones that did not make the list.

Visitors of the site are free to post or e-mail the Web site and share their rewards experiences with a rewards credit card or rewards program, or even share a personal story about credit card debt.

RewardsCards.com is one of the selected sites currently offering the limited-edition Universal Entertainment King Kong MasterCard®.

RewardsCards.com will launch a version 2.0 in January. The site will feature a credit card search engine that will be customized to consumers’ needs, a mobile launch to help people quickly find card benefits and promotions for using their cards while on a cell phone and on the go, as well as many other added features that are typically not available in some credit card sites today.

Media Contact:

Destry Sanders

214-334-3443

http://www.RewardsCards.com

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Denver, CO (PRWEB) February 14, 2012

NexCore Healthcare Capital Corp (NXHC.OB) today reported financial results for the year ended December 31, 2011. The company’s existing healthcare projects resulted in development, facilities consulting and construction management fees of $ 5.9 million, an increase of $ 3.4 million or 137%, compared to $ 2.5 million for the year ended December 31, 2010. Total 2011 revenue increased to $ 10.6 million from $ 6.5 million during 2010, an increase of $ 4.1 million or 63%.

Net income for 2011 was $ 888,611, or $ 0.02 per diluted common share, compared to $ 168,813, or $ 0.01 per diluted common share, for the year 2010, reflecting an increase of $ 719,798 or 426%. Adjusted EBITDA increased in 2011 to $ 1.2 million compared to $ 122,300 for the year ended December 31, 2010, an increase of $ 1.1 million.

“We are pleased to report a significant improvement over last year’s operating results as our healthcare projects progress and management remains focused on growing our core business and balance sheet,” says Greg Venn, President and Chief Executive Officer. “We completed the Silver Cross Hospital Medical Services Building on time and on budget, and we broke ground on two additional medical office buildings. Construction and leasing for both projects are progressing on schedule. In addition, the pipeline for new business opportunities continues to strengthen as demand for new facilities from healthcare providers continues to increase.”

Acquisition and Development Activity

During the last 12 months, the company assisted one of its institutional partners in acquiring approximately $ 110 million of medical office buildings. The company earns advisory and management fees from these acquisitions.

As part of its healthcare advisory services and development business, the company is co-invested and managing the following healthcare projects:

Silver Cross Hospital Medical Services Building — Construction commenced during October 2010 on this medical services building comprised of approximately 182,000 square feet. Construction was completed during the fourth quarter of 2011. In association with this project, NexCore has also successfully completed and fully leased its first two timeshare programs that focus on attracting additional physicians to the facility on a part-time basis to generate additional revenue and to serve as a potential source of longer-term tenants. NexCore is considering additional timeshare programs for existing and future healthcare projects to further expand its business opportunities.

Saint Anthony North Medical Pavilion — Construction commenced during June 2011 on this medical office building and freestanding emergency department comprised of approximately 48,000 square feet. Construction is expected to be completed during the third quarter of 2012.

Saint Agnes Hospital Medical Office Building — Construction commenced during November 2011 on this medical office building comprised of approximately 85,000 square feet. In addition to physician office suites, the medical office building will house the hospital’s cancer center of excellence and cardiovascular center of excellence. Construction is expected to be completed during the fourth quarter of 2012.

The company is also managing and overseeing the completion of the following development projects:

Rex Healthcare of Knightdale Wellness Center — The original construction of this 63,000 square foot medical office building was completed by NexCore in 2008-2009. NexCore later worked with the hospital to strategically locate an adjacent wellness center to complement the client’s orthopedic and cardiology programs, while developing synergistic relationships between the various healthcare tenants to expand and fully lease the facility. Construction for this wellness center expansion at the Rex Healthcare of Knightdale Medical Office Building commenced during September 2011, which includes the addition of 14,500 square feet. Completion of the wellness center is expected during the second quarter of 2012.

United Health Services Outpatient Medical Facility — Construction commenced during December 2010 on this medical facility comprised of 85,000 square feet for which NexCore is providing client consulting services including strategic planning, feasibility analysis, site selection and project management services. Construction is expected to be completed during the third quarter of 2012.

About NexCore Healthcare Capital Corp

NexCore’s business strategy is focused on anticipating the needs of its clients by providing innovative and flexible strategic planning solutions, targeting operational proficiencies and creating optimal financing and real estate structures with nationally-competitive, institutional capital sources. Such services assist healthcare service providers by lowering healthcare delivery costs and by providing efficient outpatient facilities. This process begins with detailed attention to hospital and physician goals and business objectives, and by creating mutually beneficial referral networks and synergistic relationships between healthcare service providers to support the targeted long-term success of each project.

NexCore delivers comprehensive healthcare solutions for hospitals, healthcare systems and physician partners across the United States. NexCore has been recognized by Modern Healthcare as one of the Top 20 Healthcare Real Estate Developers, and has become one of the nation’s most active and respected healthcare real estate advisors. NexCore and its principals have increased its portfolio of developed, acquired and managed projects to include nearly 5.2 million square feet of facilities, with nearly 1.8 million square feet currently under management. NexCore’s primary revenues are derived from investor and project advisory and consultancy fees, co-investment returns and profit sharing interests. The company and its principals have completed over $ 700 million of real estate transactions on behalf of its institutional investors. NexCore is headquartered in Denver with offices in Chicago, Ill., and Bethesda, Md. For more information, please visit http://www.nexcoregroup.com. Contact: Tracy Hindman, Marketing Director, 303-244-0700.

Use of Non-GAAP Financial Information

To supplement our GAAP financial statements, we use EBITDA and Adjusted EBITDA, which are non-GAAP financial measures. We define EBITDA as consolidated net income before interest expense, income tax expense and depreciation and amortization. Our EBITDA includes noncontrolling interests and may not be comparable to EBITDA reported by other companies. We define Adjusted EBITDA as EBITDA before noncash equity based compensation expense. A reconciliation of the adjustments to GAAP results for the years 2011 and 2010 is included in the table below.

We provide this information as a supplement to GAAP information to help us and our investors understand the impact of various items on our financial statements. We use Adjusted EBITDA as one of several performance metrics when assessing our performance. In addition, we use Adjusted EBITDA to define certain performance targets under our compensation programs. Because Adjusted EBITDA excludes items that are included in our financial statements, it does not provide a complete measure of our operating performance. Therefore, investors are encouraged to use GAAP measures when evaluating our financial performance.

Forward-looking Statements

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are forward-looking statements, including any projections of revenue, margins, expenses, earnings, cash flows or share repurchases; any statements of our plans, strategies and objectives for future operations; statements concerning the expected development or completion of projects; statements regarding our development or acquisition pipelines; statements of expectation or belief; and the assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the impact of macroeconomic and geopolitical trends and events, including healthcare reform and interest rates; competitive pressures faced by us; the development of new projects; and other risks that are described in our SEC filings. The financial information set forth in this release reflects estimates based on information available at this time. While we believe these estimates are reasonable, these estimates could differ materially from our actual results. We assume no obligation and do not intend to update these forward-looking statements. 

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American Century Investments logo

Kansas City, KS (PRWEB) July 15, 2011

American Century Investments announced today that a 41 percent economic interest in the company currently held by JPMorgan Chase & Co. will be acquired by CIBC a leading Canadian financial institution, for a purchase price of approximately USD $ 848 million, based on a definitive agreement. The transaction is expected to close within the next 60-to-90 days, pending approval by U.S. and Canadian regulatory authorities.

“We’re excited to welcome CIBC as a strategic partner and stakeholder in our company,” said Jonathan Thomas, American Century Investments president and chief executive officer. “CIBC’s large footprint in Canada and presence in other parts of the world will help in the execution of our growth through diversification strategy, of which a key component is bringing our investment management expertise to non-U.S. clients. Robust growth and continued financial success is in the best interests of our clients, employees and stakeholders in the firm.”

The deal allows CIBC to access and leverage American Century Investments’ asset management capabilities while helping the bank further diversify its business interests by geography, giving the company a strong presence in the U.S. investment management market. For American Century Investments, the transaction provides the Kansas City-based firm with a strategic partner whose prominence in Canada will help support its growth initiative to broaden non-U.S. distribution of the firm’s products and services. The companies also plan to explore other opportunities to grow each other’s businesses in mutually beneficial ways, while continuing to place the interests of clients and investors first.

“This investment will build on our strong franchise in Canada and provide CIBC an additional platform for growth in asset management internationally,” said CIBC President and CEO Gerry McCaughey. “It is aligned with our risk appetite and provides attractive fee-based income, geographic diversification and revenue synergies within our asset management business.”

American Century Investments’ business partnership with CIBC brings together a leading U.S. investment firm managing approximately $ 112 billion* in assets and one of Canada’s top financial institutions with more than $ USD 400 billion in assets as of April 30, 2011. Based in Toronto, CIBC employs nearly 42,000 people and provides a full range of retail and wholesale banking services to almost 11 million retail and wholesale banking clients through 1,080 branches and offices in Canada, the United States and around the world.

Upon the close of the transaction, CIBC will have two representatives on American Century Investments’ 10-person board. In addition to its 41 percent economic interest, CIBC will have a 10.1 percent voting interest.

JPMorgan Chase has held a non-controlling equity interest in American Century Investments since January, 1998, when it purchased a 45 percent stake. The transaction provided American Century Investments founder James Stowers Jr. with the liquidity necessary to establish and endow the Stowers Institute for Medical Research, a biomedical research organization committed to finding cures for cancer and other gene-based diseases.

The companies will hold an analyst/investor/media call to discuss this announcement today Friday, July 15 at 8:30 a.m. (EST). A live audiocast will be available at http://www.cibc.com/ca/about.html. Participants also can listen to the conference call (416-695-6622) in Toronto, or toll-free (1-800-766-6630) throughout the rest of North America. A telephone replay will be available (905-694-9451 or 1-800-408-3053, passcode 5043534#) until midnight (EST) on Dec. 12, 2011.

About CIBC

CIBC is a leading Canadian-based global financial institution. Through its two main operating groups, CIBC Retail Markets and Wholesale Banking, CIBC provides a full range of financial products and services to almost 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. CIBC is among the best capitalized banks in the world with Tier 1 and Tangible Common Equity ratios of 14.7% and 10.6%, at April 30, 2011. CIBC Wealth Management provides a comprehensive suite of wealth-building services through an extensive distribution network that includes CIBC Private Wealth Management, CIBC Wood Gundy and CIBC Investor’s Edge, to a broad range of self-directed investors, high net worth individuals, and institutional clients.

CIBC Asset Management’s industry-leading investment solutions include the CIBC family of managed portfolio solutions and two mutual fund families – CIBC and Renaissance Investments, while CIBC Global Asset Management provides global money management services for institutional, retail and high net worth clients.

About American Century Investments

American Century Investments is a leading privately held investment management firm, committed to delivering superior investment performance and building long-term client relationships since 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. The company’s 1,300 employees serve clients from offices in New York; London; Hong Kong; Mountain View, Calif. and Kansas City, Mo. James E. Stowers Jr. is founder of the company, Jonathan S. Thomas is president and chief executive officer and Enrique Chang is chief investment officer. Through its ownership structure, more than 40 percent of American Century Investments’ profits support research to help find cures for genetically-based diseases including cancer, diabetes and dementia.

Before investing, carefully consider a fund’s investment objectives, risks, charges and expenses. Go to americancentury.com for a prospectus or summary prospectus containing this and other information. Read it carefully.

*Assets as of June 30, 2011

American Century Investment Services, Inc., Distributor

©2011 American Century Proprietary Holdings, Inc.

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Bellevue, Wash. (PRWEB) February 13, 2012

Today, Edifecs, Inc., a leading provider of healthcare software solutions specializing in regulatory compliance tools for health plans and healthcare organizations, announced that EmblemHealth has chosen the company as its strategic technology partner for ICD-10.

The Edifecs ICD-10 solution helps health plans achieve financial neutrality by understanding and mitigating risks at each stage of the ICD-10 transition. This is accomplished by enabling health plans to leverage and analyze their own historic data in order to prioritize remediation and testing efforts.

“Edifecs’ unique code management capabilities played a large role in our selection process,” said Dr. William A. Gillespie, Chief Medical Officer at EmblemHealth. “We haven’t seen other solutions break ICD-9 and ICD-10 coding systems down into medical concepts like this. Being able to use this information to accurately review and select codes for remediation through the transition is invaluable.”

EmblemHealth selected Edifecs ICD-10 solution because of its code management capabilities and its robust impact analytics facilities, used for modeling, measuring and mitigating risk during the transition.

The migration from the ICD-9 to ICD-10 code sets will likely be one of the most extensive conversion projects the health ecosystem will undertake. The vast majority of IT systems and many healthcare policies will be affected. The deadline for implementing the ICD0-10 coding system is October 1, 2013.

“We are proud to call EmblemHealth one of our strategic partners and we are extremely pleased to be able to support them in their ICD-10 migration process,” said Sunny Singh, CEO of Edifecs. “We look forward to strengthening our existing partnership with the organization and continuing to help solve complex business challenges throughout the transition to ICD-10.”

About EmblemHealth

EmblemHealth, Inc., through its companies Group Health Incorporated (GHI) and HIP Health Plan of New York (HIP), provides quality health care coverage and administrative services to approximately 2.9 million people. Groups and individuals can choose from a variety of PPO, EPO and HMO plans, as well as coverage for prescription drugs and dental and vision care. We offer a choice of networks, including quality doctors and other health care professionals throughout the region, leading acute care hospitals across the tristate area, and physicians and hospitals across all 50 states. For more information, visit http://www.emblemhealth.com.

About Edifecs, Inc.

An industry leader since 1996, Edifecs provides healthcare software solutions that improve operational performance by streamlining the exchange of information among health plans, hospitals, and other healthcare organizations, while enabling compliance with current mandates such as HIPAA 5010 and ICD-10.

Today, more than 250 healthcare customers use Edifecs technology to unify transactions from any information channel source and input mechanism, while automating manual business processes such as enrollment, claims and payments management.

Edifecs is currently recognized as one of the 100 Fastest Growing Private Companies in the state of Washington, 100 Best Places to Work in the state of Washington, an Inc. 5000 fastest-growing private company and one of the 500 Fastest Growing Companies in North America by Deloitte. Edifecs is headquartered in Bellevue, WA. For more information, please visit http://www.edifecs.com.

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