Tag Archives: Interim Chief Executive Officer

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4Licensing Corporation Launches Rocket Monkeys Licensing Program

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4Licensing Corporation Launches Rocket Monkeys Licensing Program

Animated Action Comedy Broadcast on Nickelodeon and Teletoon

NEW YORK–(BUSINESS WIRE)– 4Licensing Corporation (OTC Link: FOUR), as the worldwide licensing agent for the Rocket Monkeys property, announced today that it has launched a licensing program for this new animated action comedy series. Rocket Monkeys is currently being broadcast on Nickelodeon networks on a global basis and on Teletoon in Canada. Through an agreement with Breakthrough Entertainment, 4Licensing Corporation (4LC) is managing the marketing, promotion and licensing initiatives of this delightfully quirky animated children’s series.

Rocket Monkeys launched on Nickelodeon earlier this month and introduces the universe to brothers Gus and Wally, two hapless “Monkeynauts” who cause more intergalactic calamity than they could ever prevent as they pursue important missions! The show is created by Dan Abdo and Jason Patterson, and developed by Alex Galatis and Mark Evestaff (who also serves as the show’s producer). Executive Producers include Ira Levy, Joan Lambur and Peter Williamson. Partial funding for Rocket Monkeys is provided by the Shaw Rocket Fund.

“With the launch of the Rocket Monkeys licensing program, we are introducing a brand that will entertain and captivate children all around the world,” said Bruce R. Foster, Interim Chief Executive Officer of 4LC. “We are excited to be working with a children’s property that is as action-packed and adventurous as it is quirky and humorous. We are confident that the series’ multi-faceted elements combined with the broadcast support of Nickelodeon worldwide and Teletoon in Canada will enhance the appeal of Rocket Monkeys, and consumer interest in the property will expand well beyond the television screen into engaging merchandise,” Foster added.

4LC’s comprehensive licensing and marketing program will capitalize on the Rocket Monkeys characters and will focus initially on the toys, apparel, games and trend products categories. Spearheading the licensing program for Rocket Monkeys is industry veteran Suzen Tran, Senior Vice President of Licensing for 4LC.

About 4Licensing Corporation – 4LC is a licensing company specializing in youth-oriented markets and specialty brands. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts; builds brands through licensing; develops ideas and concepts for licensing; and has begun to forge new license relationships in the sports licensing industry and in developing private label goods to be sold to retail or directly to consumers.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

InfuSystem Holdings, Inc. Reports Higher Fourth Quarter 2012 Revenues and Second Straight Quarterly

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InfuSystem Holdings, Inc. Reports Higher Fourth Quarter 2012 Revenues and Second Straight Quarterly Profit

Company Improves Liquidity Position

MADISON HEIGHTS, Mich.–(BUSINESS WIRE)– InfuSystem Holdings, Inc. (NYSE MKT: INFU) (“InfuSystem” or the “Company”), a leading national provider of infusion pumps and related services for the healthcare industry in the United States, today reported its second consecutive quarter of profitability in the fourth quarter ending December 31, 2012.

Net income in the fourth quarter was $0.2 million, equal to $0.01 per diluted share, compared to a $0.8 million net loss, or $0.04 loss per diluted share, in the prior year period. For the full year ended December 31, 2012, the Company’s net loss was $1.5 million, or $0.07 per diluted share, versus a net loss of $45.4 million, or $2.16 per diluted share, in 2011. The prior- year period included a $67.6 million asset impairment charge.

Gross profit for the three months ending December 31, 2012, was $12.0 million, up 48% from $8.1 million in the fourth quarter of 2011. Gross profit for the full year 2012 was $42.9 million, an increase of 21% compared to $35.4 million in 2011.

Revenues in the fourth quarter were $16.2 million, up 16% from $14.0 million in the fourth quarter of 2011. Total revenues for the year ended December 31, 2012, were $58.8 million, an 8% improvement from $54.6 million in 2011. The increase in revenues is primarily related to the addition of larger customers, increased penetration into existing customer accounts, and the resolution of the oncology drug shortage from 2011. Also, during the fourth quarter of 2012, a major group of third party payors revised their claim processing guidelines that affected all durable medical equipment providers, which pushed some claims to be billed at higher out-of-network rates directly to patients.

SG&A increased to $10.4 million from $8.8 million, in addition to other expenses of $1.2 million compared with $0.5 million of other income a year ago. Adjusted EBITDA for the latest quarter was $3.8 million, up from the $1.5 million for the prior-year period, as adjusted on a comparable basis.

“We are very pleased with our improved fourth quarter performance and fiscal year-over-year growth for the Company,” said Dilip Singh, Interim Chief Executive Officer. “The Company has accumulated annualized cost-savings of approximately $1.6 million since the current management team took control in April of 2012. That, combined with our securing a new debt facility during …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

4Licensing Corporation and the American Kennel Club® Announce Worldwide Representation Agreement

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4Licensing Corporation and the American Kennel Club® Announce Worldwide Representation Agreement

NEW YORK–(BUSINESS WIRE)– 4Licensing Corporation (OTC Link: FOUR) and the American Kennel Club® (“AKC“) are proud to announce the signing of a multi-year worldwide representation agreement. The agreement will allow 4Licensing Corporation (“4LC”) to serve as the AKC exclusive worldwide licensing agent for the AKC name and its extensive collection of trademarks and logos in various categories.

“Over the last ten years we have enjoyed a very successful licensing partnership with the AKC, and we are excited to work once again with such a prestigious organization. We plan to capitalize on our partnership with the AKC by meeting the growing global demand for “blue ribbon” dog products that reflect the quality, image and prestige long associated with the AKC‘s 129-year history,” said Bruce R. Foster, Interim Chief Executive Officer of 4LC.

Since joining forces in 2003, 4Licensing Corporation and the American Kennel Club have been at the forefront of the burgeoning pet product industry, thanks to their competitive focus on building the AKC brand into a premier retail dog brand. The 4LC and AKC licensing relationship successfully established the AKC as the “Best in Breed” in pet products, brokering multi-year deals with industry leaders such as Pet Brands (toys and treats), Jewett-Cameron (dog kennels and furniture), and European Home Designs, LLC (dog beds and accessories). 4LC and the AKC intend to not only continue to participate in the pet industry boom, but to expand the AKC brand even further.

About 4Licensing Corporation (4LC) is a licensing company specializing in youth-oriented markets and specialty brands. Through its subsidiaries, 4LC licenses merchandising rights to popular children’s television series, properties and product concepts; builds brands through licensing; develops ideas and concepts for licensing; and has begun to forge new license relationships in the sports licensing industry and in developing private label goods to be sold to retail or directly to consumers.

About American Kennel Club®(AKC) founded in 1884, is a not-for-profit organization dedicated to the advancement of purebred dogs. The AKC maintains the largest registry of purebred dogs in the world, oversees the sport of purebred dogs in the United States, and along with its nearly 5,000 licensed and member clubs, educates the general public about responsible dog ownership. More than 22,000 AKC-sanctioned events are held annually for all dogs including agility, obedience, AKC rally®, and the coursing ability test as well as breed-specific conformation, tracking, and performance events like Earthdog, lure coursing, hunt tests and field trials. Affiliate …read more
Source: FULL ARTICLE at DailyFinance

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Oxygen Biotherapeutics Reports Financial Results for the Third Quarter FY2013

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Oxygen Biotherapeutics Reports Financial Results for the Third Quarter FY2013

MORRISVILLE, N.C.–(BUSINESS WIRE)– Oxygen Biotherapeutics, Inc. (NAS: OXBT) , a development stage biomedical company focused on developing oxygen-carrying intravenous and topical products, today announced financial results for the three and nine month periods ending January 31, 2013.

Third Quarter 2013 Financial Snapshot

  • Cash and cash equivalents were $0.8 million at January 31, 2013.
  • Net product sales from Dermacyte® were $2,900 for the third quarter of 2013 compared to $4,700 for the three months ended January 31, 2012.
  • Revenue earned under our U.S. Army research grant increased to $221,051 for the third quarter of 2013 compared to $146,101 for the three months ended January 31, 2012.
  • Net loss from operations decreased 16% for the third quarter of 2013 to $1.6 million compared to $1.9 million for the three months ended January 31, 2012.
  • Net cash used for operating activities decreased to $700,000 for the third quarter of 2013 compared to $2.3 million for the three months ended January 31, 2012.

“Activities during our most recent quarter related to three primary and time consuming achievements needed to resume our Phase IIb traumatic brain injury studies abroad, to further our preclinical studies designed to elaborate the safety profile of Oxycyte, our leading drug candidate, and capital raising activities that resulted in securing enough cash to finance activities to help us achieve the next major milestones necessary to drive our company forward, ” said Michael Jebsen, Interim Chief Executive Officer, Chief Financial Officer and President.

Oxygen Biotherapeutics reported net revenue of $222,388 and $1,009,356 for the three and nine months ended January 31, 2012, respectively compared to $148,262 and $268,294 for the same periods in the comparable periods in fiscal 2012. This increase is primarily due to government grant revenue earned under the U.S. Army-funded grant awarded to the company in June 2011 to conduct preclinical studies for Oxycyte® perfluorocarbon (PFC) emulsion.

These preclinical studies are designed to address safety concerns expressed by the U.S. Food and Drug Administration (FDA)and to develop a more robust and comprehensive safety profile for Oxycyte. The results will be used to respond to …read more
Source: FULL ARTICLE at DailyFinance

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Ulta Beauty Appoints Scott Settersten Chief Financial Officer

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Ulta Beauty Appoints Scott Settersten Chief Financial Officer

BOLINGBROOK, Ill.–(BUSINESS WIRE)– Ulta Beauty (NAS: ULTA) (the “Company”) today announced the appointment of Scott Settersten as Chief Financial Officer and Assistant Secretary, effective immediately. Mr. Settersten will report to Dennis Eck, Interim Chief Executive Officer.

Mr. Settersten has been Acting Chief Financial Officer and Assistant Secretary since October 2012. He previously served as Vice President of Accounting since 2010 and was responsible for accounting, tax and external reporting. In that role, he also oversaw investor relations and worked closely with the Audit Committee and Board of Directors. He joined Ulta Beauty in January 2005 as Director of Financial Reporting.

Prior to joining Ulta Beauty, Mr. Settersten spent 15 years with PricewaterhouseCoopers LLP as a certified public accountant serving in various senior manager roles in the assurance and risk management practices. Mr. Settersten earned his Masters of Science in Accountancy from DePaul University in Chicago and an undergraduate degree from the University of Wisconsin Stout.

“The Board and I are delighted to appoint Scott to this position which is so crucial to Ulta Beauty‘s future success,” Mr. Eck said. “During his eight years with Ulta Beauty, Scott has demonstrated excellent leadership and management capabilities. Scott is highly respected by the Board and the Ulta Beauty leadership team, and has done a terrific job stepping up to lead the finance organization since taking on the CFO role last fall. Scott will be a valuable partner to me and to the next CEO of Ulta Beauty.”

“I am honored to serve as Chief Financial Officer of Ulta Beauty,” said Settersten. “I look forward to continuing to work closely with the board and the leadership team to successfully execute our long term growth strategy.”

About Ulta Beauty

Ulta Beauty is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. Ulta Beauty provides affordable indulgence to its customers by combining unmatched product breadth, value and convenience with the distinctive environment and experience of a specialty retailer. Ulta Beauty offers a unique combination of over 20,000 prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. Ulta Beauty also offers a full-service salon in all of its stores. As of February 2, 2013, Ulta …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Ulta Beauty Announces Earnings Release Date, Conference Call and Webcast for Fourth Quarter and Fisc

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Ulta Beauty Announces Earnings Release Date, Conference Call and Webcast for Fourth Quarter and Fiscal Year 2012 Results

BOLINGBROOK, Ill.–(BUSINESS WIRE)– Ulta Beauty [NASDAQ: ULTA], a beauty retailer with 550 stores, today announced that the Company will conduct a conference call to discuss its fourth quarter and fiscal year 2012 results on Thursday, March 14, 2013 at 5:00 p.m. Eastern Time / 4:00 p.m. Central Time. A press release detailing the Company’s fourth quarter and fiscal year 2012 results will be issued after the market closes and prior to the call. The conference call will be hosted by Dennis Eck, Interim Chief Executive Officer, and Scott Settersten, Chief Financial Officer.

Investors and analysts interested in participating in the call are invited to dial (877) 705-6003. The conference call will also be webcast live at http://ir.ulta.com. A replay of the webcast will remain available for 90 days. A replay of the conference call will be available until 11:59 p.m. ET on March 21, 2013 and can be accessed by dialing (877) 870-5176 and entering conference ID number 409937.

About Ulta Beauty

Ulta Beauty is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. Ulta Beauty provides affordable indulgence to its customers by combining unmatched product breadth, value and convenience with the distinctive environment and experience of a specialty retailer. Ulta Beauty offers a unique combination of over 20,000 prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. Ulta Beauty also offers a full-service salon in all of its stores. As of February 2, 2013 Ulta operates 550 retail stores across 45 states and also distributes its products through the Company’s website: www.ulta.com.

Company Contacts:
Ulta Beauty
Scott Settersten
Chief Financial Officer
(630) 410-4807
or
Laurel Lefebvre
Vice President, Investor Relations
(630) 410-5230
or
Media Contact:
DKC
Juliet Horn
(212) 981-5221

KEYWORDS:   United States  North America  Illinois

INDUSTRY KEYWORDS:

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