NASBA Presents Prestigious Awards To Three Leaders In Accounting
NASHVILLE, Tenn., Nov. 17, 2017 /PRNewswire-USNewswire/ -- E. Kent Smoll, CPA, Nicole Kasin and Thomas J. Sadler, CPA-Retired, were recently recognized for their leadership and efforts to advance the accounting profession by the National Association of State Boards of Accountancy (NASBA), during NASBA's recent 110th Annual Meeting. Held in New York City, Oct. 29-Nov. 1, the meeting attracted representatives from 54 U.S. jurisdictions.
LA Metro and Via Join Forces to Offer Shared Rides to Select Transit Stations
LOS ANGELES, Nov. 17, 2017 /PRNewswire/ -- LA residents will have a new, affordable, equitable, and accessible option to connect to major train and bus stations, thanks to a new partnership between the Los Angeles County Metropolitan Transportation Authority (Metro) and Via, the world's leading technology developer and provider of on-demand shared rides. The project is funded in part by the largest federal grant of its kind - a $1.35 million grant from the Federal Transit Administration (FTA) for advanced technology to help bridge the first/last mile gap.
University of St. Thomas Kicks Off $200 Million Scholarship Drive with $50 Million Gift
ST. PAUL, Minn., Nov. 17, 2017 /PRNewswire/ -- With a focus on educational excellence, increasing access and reducing student debt, the University of St. Thomas recently announced a goal of infusing $200 million into scholarship support for students over the next eight years. St. Thomas also announced a $50 million gift from GHR Foundation and the estate of Gerald Rauenhorst designated entirely for scholarships as a significant, first step toward achieving that goal.
ARKIVE Acquires Data Management Business Records
ATLANTA, Nov. 17, 2017 /PRNewswire/ -- On Nov. 7, ARKIVE, an information management company, finalized the acquisition of Data Management Business Records (DMBR) in Macon, Georgia, and Tuscaloosa, Alabama. This is ARKIVE's second acquisition in three months, expanding its Southeastern coverage in the Georgia and Alabama markets. The ARKIVE team brings tremendous experience and expertise to the information management industry. The executive team includes CEO Justin Ririe, CFO Ben Nicholson and Vice President of Sales and Marketing David Gonce. Ririe has 20 years of operational expertise at all levels of the military and information management industry. Nicholson brings 15 years of finance and accounting experience, managing regional and national businesses in the industry. Gonce brings over 25 years of sales and management experience at all levels, most recently managing successful regional and national sales teams. DMBR's clients will have access to ARKIVE's full suite of information management services including ARKIVE Storage, ARKIVE Destruction Services and ARKIVE Digital Solutions. ARKIVE's Digital Solutions include access to MyKloud â ARKIVE's revolutionary electronic information system that transforms the way clients store and retrieve information. "The Data Management Business Records business closely aligns with ARKIVE's values to provide superior information management services to clients in the U.S. and Canada," said Justin Ririe, CEO of ARKIVE. "An additional benefit of this acquisition is that ARKIVE plans on integrating select DMBR members into the ARKIVE organizational structure. Local clients will enjoy all the benefits of a national provider with local account management and world-class client services." About ARKIVE ARKIVE Information Management, LLC is a privately held corporation offering records information management (RIM) solutions to over 2,400 business partners and clients in Georgia, Alabama, Washington, Vancouver, Calgary, Edmonton, Ottawa, Toronto and Montreal. ARKIVE's service offerings include ARKIVE Storage, ARKIVE Destruction Services and ARKIVE Digital Solutions. Visit www.myarkive.com for more information. About Data Management Business Records Data Management Business Records is a full-service solution for off-site document and data storage, scanning services and document destruction. Founded in 1984, the company is headquartered in Macon, Georgia, serving clients from the greater Macon metropolitan area, west to Tuscaloosa, Alabama, including the Birmingham metropolitan area, and Vance, Alabama. Visit www.data-mgt.com for more information. Media Contact ARKIVEQuinn BrackPhone: 770-318-5610Email: firstname.lastname@example.org Related Links ARKIVE Website Data Management Business Records View original content with multimedia:http://www.prnewswire.com/news-releases/arkive-acquires-data-management-business-records-300559078.html SOURCE ARKIVE
MoneyOnMobile Announces 36% Increase in Monthly Revenue from September to October
DALLAS and MUMBAI, India, Nov. 16, 2017 /PRNewswire/ -- MoneyOnMobile, Inc. (OTCQB: MOMT) today reported October financial results, including the following highlights:
Walmart U.S. Q3 comps grew 2.7% and Walmart U.S. eCommerce sales grew 50%, Company reports Q3 FY18 GAAP EPS of $0.58; Adjusted EPS of $1.00, The company now expects full-year GAAP EPS of $3.84 to $3.92, Adjusted full-year EPS of $4.38 to $4.46
BENTONVILLE, Ark.--(BUSINESS WIRE)-- Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, a
Viacom Reports Fourth Quarter and Full Year Growth
NEW YORK--(BUSINESS WIRE)-- Viacom Inc. (NASDAQ: VIAB, VIA) today reported financial results for the quarter and fiscal year ended September 30, 2017.
Maven Reports Rapid Growth in Monthly Organic Users and Reports Q3 Results
Nov. 17, 2017 11:00 UTC SEATTLE--(BUSINESS WIRE)-- Maven (ticker symbol:MVEN) today announced that its monthly traffic is climbing at an accelerated rate – from 900,000 unique users in September to 3.6 million in October, with the trend line continuing in November. In addition, third quarter expenses tracked with internal forecasts as the company transitions from the research and development phase to the operational phase. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171117005205/en/ Monthly Unique Visitors (Graphic: Business Wire) “For more than a year, we’ve been focused on platform development and securing our founding Mavens,” said CEO James Heckman. “September’s launch out of beta certainly was encouraging at every level, from the quality of our content partners, the instant uplift in engagement from our platform, and the significant growth – all organic traffic.” Heckman cited four key drivers for Maven’s success: More than 80 signed and 30 live channel partners with more coming weekly Significant increase in audience engagement (71% increase, post migration) Launch of version 1.0 of the technology platform, featuring tightly integrated publishing, video, mobile, social, paid membership and advertising features Organic growth from 164,000 to 529,000 to 900,000 monthly unique visitors during the three months of Q3, which then quadrupled to 3.6 million during October, utilizing no paid traffic acquisition “I can’t emphasize this point enough,” said Heckman. “Most ‘traffic’ press releases by Internet companies are meaningless, if not misleading, as they generally buy their traffic through referral from major social platforms. We believe a digital media company is best valued by the number of organic (unpaid) monthly unique visitors, because that metric is what drives profitable content transactions.” “As our authentic scale continues to grow, we look forward to bringing our elite network of Mavens to the advertising community,” Heckman added. “We think the combination of high engagement, consistent professionalism and our efficient platform with be an attractive environment for quality brands and marketers.” Key performance indicators for assessing Maven’s progress going forward include: Number of channels signed – currently 82, with goal of 1,000 Number of channels live on Maven – currently at 30 with 40+ expected by EOY Average Monthly Users per live channel – currently 124,000, beating goal of 100k Total organic unique users (UU) – 3.6 million in October Total revenue (per channel and network) Audience engagement Q3 2017 Strategic Initiatives Maven, during the third quarter of 2017, focused on three key strategic initiatives: (1) developing our technology platform, (2) business development to sign new Mavens to our network and (3) launching operations with certain Mavens. Since the company’s founding, July 2016, the primary focus of its software engineering team has been building the world-class publishing and social media technology platform. Since inception, Maven has invested over $2.6 million in the technology platform. We expect that we will continue to invest over $800,000 each quarter as we continue to deploy features and functions for all three form factors: mobile devices, tablets and desktop computers. Q3 Financial Results In the third quarter of 2017, the company moved the first 25 channel partners out of beta stage. In beta we had very limited monetization activities since we were testing content systems and ad serving integration; as such, we generated no material revenue in the third quarter. In October, our monthly unique users (UU) grew to 3.6 million and we expect to be above 6 million at the end of November. However, we do not expect to generate significant revenue until early 2018. We need to first aggregate the audience base of users and we believe effective monetization of that audience base will begin in early 2018. The company incurred a net loss of $1,778,000, or $0.11 per share for the three months ending September 30, 2017. For the nine months ending September 30, 2017, we incurred a net loss of $4,371,000 or $0.33 per share. Traffic was 100% unpaid, organic traffic with zero expense for traffic acquisition costs. As presented in the Statement of Cash Flows, for the nine months ending September 30, 2017, net cash used in operating activities was $2,655,000. Third quarter expenses tracked with internal forecast as the company transitions from the research and development phase to the operational phase. These expenditures were primarily used to build initial network of channels and for administrative functions. In addition, Maven invested $1,513,000 of cash in website development and fixed assets. During 2017, the company completed two private placements of common stock: one that closed in April raising $3.5 million in net proceeds, and one that closed in October raising $2.7 million in net proceeds, of which $1.75 million was received prior to September 30, 2017. Cash balance at the end of September was approximately $1.7 million. Maven’s complete third quarter financial statements (Statement of Operations; Balance Sheet; Statement of Cash Flow) on Form 10-Q Quarterly Report can be found HERE: https://www.themaven.net/the-maven/investors/sec-filings-e6Tq9qeDGESem_9IuDqTzQ theMaven, Inc. and Subsidiary Consolidated Balance Sheets September 30,2017 December 31,2016 (Unaudited) Assets Current assets: Cash $ 1,699,061 $ 598,294 Accounts receivable 3,482 - Deferred contract costs 15,986 - Prepayments and other current assets 102,265 121,587 Total current assets 1,820,794 719,881 Fixed assets, net 2,515,930 547,804 Intangible assets 20,000 20,000 Total assets $ 4,356,724 $ 1,287,685 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ 51,568 $ 154,361 Accrued expenses 442,061 54,789 Deferred revenue 31,634 - Conversion feature liability 130,238 137,177 Total current liabilities 655,501 346,327 Commitments and contingencies Redeemable convertible preferred stock, $0.01 par value, 1,000,000 shares authorized; 168 shares issued and outstanding ($168,496 aggregate liquidation value) 168,496 168,496 Stockholders’ equity: Common stock, $0.01 par value, 100,000,000 shares authorized; 26,005,140 and 22,047,531 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 260,051 220,475 Common stock to be issued in private placement 1,566,000 9,375 Additional paid-in capital 8,265,925 2,730,770 Accumulated deficit (6,559,249 ) (2,187,758 ) Total stockholders’ equity 3,532,727 772,862 Total liabilities and stockholders’ equity $ 4,356,724 $ 1,287,685 theMaven, Inc. and Subsidiary Consolidated Statements of Operations Three Months Ended Nine Months Ended September 30,2017 September 30,2016 September 30,2017 September 30,2016 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue $ 6,064 $ - $ 6,064 $ - Expenses: Service Costs 449,567 - 641,606 - Research and development 30,776 374,944 104,095 374,944 General and administrative 1,300,767 1,110,461 3,639,204 1,110,461 Loss from operations (1,775,046 ) (1,485,405 ) (4,378,841 ) (1,485,405 ) Other income (expense): Interest and dividend income, net 61 - 411 - Interest expense - (4,044 ) - (4,044 ) Change in fair value of conversion feature (3,311 ) - 6,939 - Total other income (expense) (3,250 ) (4,044 ) 7,350 (4,044 ) Net loss $ (1,778,296 ) $ (1,489,449 ) (4,371,491 ) (1,489,449 ) Basic and diluted net loss per common share $ (0.11 ) $ (0.35 ) $ (0.33 ) $ (0.35 ) Weighted average number of shares outstanding – basic and diluted 16,367,424 4,243,607 13,091,231 4,243,607 theMaven, Inc. and Subsidiary Consolidated Statement of Stockholders’ Equity (Unaudited) Nine Months Ended September 30, 2017 Common Stock To Be Issued Paid-in Accumulated Stockholders' Shares Amount Shares Amount Capital Deficit Equity Balance at January 1, 2017 22,047,531 $ 220,475 8,929 $ 9,375 $ 2,730,770 $ (2,187,758 ) $ 772,862 Common stock to be issued in private placement, net of issuance costs - - 1,521,739 $ 1,566,000 - - $ 1,566,000 Common stock to be issued 8,929 89 (8,929 ) (9,375 ) 9,286 - - Issuance of common stock, net of offering costs 3,765,000 37,650 - - 3,281,014 - 3,318,664 Shares issued for investment banking fees 162,000 1,620 - - 199,260 - 200,880 Exercise of stock options 21.680 217 (217 ) - Stock-based compensation - - - - 2,045,812 - 2,045,812 Net loss - - - - (4,371,491 ) (4,371,491 ) Balance at September 30, 2017 26,005,140 $ 260,051 1,521,739 $ 1,566,000 $ 8,265,925 $ (6,559,249 ) $ 3,532,727 theMaven, Inc. and Subsidiary Consolidated Statement of Cash Flows Nine Months Ended September 30,2017 September 30,2016 (Unaudited) (Unaudited) Cash flows from operating activities: Net loss $ (4,371,491 ) $ (1,489,449 ) Adjustments to reconcile net loss to net cash used in operating activities: Change in fair value of conversion feature (6,939 ) - Stock based compensation 1,357,510 935,058 Depreciation and amortization 233,990 - Changes in operating assets and liabilities: Prepayments and other current assets 19,322 (5,222 ) Accounts receivable (3,482 ) - Deferred costs (15,986 ) - Accounts payable (102,793 ) 30,600 Deferred revenue 31,634 - Accrued expenses 203,271 36,992 Net cash used in operating activities (2,654,964 ) (492,021 ) Cash flows from investing activities: Website development costs and fixed assets (1,513,813 ) - Net cash used in investing activities (1,513,813 ) - Cash flows from financing activities: Proceeds from common stock to be issued in private placement 1,750,000 - Proceeds from notes payable - 638,351 Net proceeds from issuance of common stock 3,519,544 2,952 Net cash provided by financing activities 5,269,544 641,303 Net increase in cash 1,100,767 149,282 Cash at beginning of period 598,294 - Cash at end of period $ 1,699,061 $ 149,282 Supplemental disclosures of noncash investing and financing activities: Reclassification of stock-based compensation to website development costs 688,302 - Accrual of stock issuance costs 184,000 - Shares issued for investment banking fees 200,880 - ABOUT MAVEN Maven is an expert-driven, group media network, whose innovative platform serves, by invitation only, a coalition of professional, independent channel partners. By providing broader distribution, greater community engagement and efficient advertising and membership programs, Maven enables partners to focus on the key drivers of their business: creating, informing, sharing, discovering, leading and interacting with the communities and constituencies they serve. Based in Seattle, Maven is publicly traded under the ticker symbol MVEN. The executive team and operational board members include digital media pioneers James Heckman and Josh Jacobs, and technology innovators Bill Sornsin and Ben Joldersma. For more insight, head to themaven.net. FORWARD-LOOKING STATEMENTS: This press release by theMaven, Inc. (“company”) contains “forward-looking statements.” Forward-looking statements relate to future events or future performance and include, without limitation, statements concerning the company’s business strategy, future revenues, market growth, capital requirements, product introductions and expansion plans, and the adequacy of the company’s funding. Other statements contained in this press release that are not historical facts are also forward-looking statements. The company has tried, wherever possible, to identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and other comparable terminology. The company cautions investors that any forward-looking statements presented in this report, or that the company may make orally or in writing from time to time, are based on the beliefs of, assumptions made by, and information currently available to, the company. Such statements are based on assumptions, and the actual outcome will be affected by known and unknown risks, trends, uncertainties and factors that are beyond the company’s control or ability to predict. Although the company believes that its assumptions are reasonable, they are not guarantees of future performance, and some will inevitably prove to be incorrect. As a result, the company’s actual future results can be expected to differ from its expectations, and those differences may be material. Accordingly, investors should use caution in relying on forward-looking statements, which are based only on known results and trends at the time they are made, to anticipate future results or trends. This press release and all subsequent written and oral forward-looking statements attributable to the company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. The company does not undertake any obligation to release publicly any revisions to its forward-looking statements to reflect events or circumstances after the date of this press release. The information on the websites referenced in this press release are not incorporated herein by reference for any purpose. View source version on businesswire.com: http://www.businesswire.com/news/home/20171117005205/en/ Contacts theMaven Inc.Investor Inquiries:Martin Heimbigner, 206-947-2472Chief Financial OfficerMarty@themaven.netorMedia Inquiries:Gretchen Bakamis, 206-715-6660 Source: theMaven Inc. Smart Multimedia Gallery Photo Monthly Unique Visitors (Graphic: Business Wire) Logo View this news release and multimedia online at: http://www.businesswire.com/news/home/20171117005205/en
Wealth Management: What All Investors Should Know About Investment Funds
Investment funds are one of the best-recommended options, while it approaches wealth management. They are widely available at a number of price points, making them ideal for investors while they are expert or novice in investment. Investors can choose to invest in funds, in the industries and products they are interested in. They also have the option of the funds that are timed according to their individual needs, especially if they are approaching retirement age.
Chart Patterns - Commodity Market
The chart pattern is one of the most important parts of commodity trade market. The main thing of technical analysis is the price patterns repeat itself which means pattern and setup are repeated function in the commodity market. This pattern gives us important clue about the direction of price movement in any commodity chart. By recognizing the chart pattern we can predict how price will move in near future. There are many types of chart pattern in this market, we can implement those pattern in our chart to improve our trading style. Most of the chart patterns work smoothly in the commodity market. There is a high probability that chart pattern will follow the past movement. This is why chat patterns tools are so much profitable tools in the commodity market. Though they have the high probability to work out in the real market but sometimes those patterns do not work in the commodity market. That’s why you have to be more concern about the chart patterns. When you are using chart pattern analysis you need to be alert all the time.
Investments – The Key To Your Financial Independence
July 4, 2017 /Kysha Wheeler/ -- Being a slave to debt or a lousy job is not exactly how we planned our adult lives. When we were kids we were all taught that working hard would pay off big time some day. Now, reality has sunk in and…. it sucks. Most jobs barely pay enough to cover the essentials and very few of us can afford to allow one pay check to meet the other. But all is not lost. With the very little we make, we can start earning real rewards if we master the fine art of making investments. Most millionaires will readily admit that investing wisely is the best option for individuals working to improve their finances.
5 Key Investing Stages To Help You Achieve Financial Freedom
Sept. 18, 2017 /Lydia Wanjiru/ -- If you want to succeed financially, you must invest. Plan your financial short-term and long-term goals and objectives. It is no brainer that every journey must have a destination. In your financial journey, you need to put into consideration a number of things to achieve your goals at the end of it. This guide will give you a number of steps to take to help you to achieve financial security. 1. Establish your financial position To invest requires you to save money. To decide how much and where to invest, you need to do the basic self-financial analysis. You need to answer a number of questions like: • How much money do you have? • What assets do you possess and how much are they bringing? • How much money do you owe in terms of mortgages, personal loans, student loans, credit cards among others? It also involves doing future financial projections and deviations. For example, will the income remain steady, increase or decrease? Are there financial variations you are likely to encounter in the future? It also includes doing a past performance analysis in regards to money. Consider whether you are a thrift spender or a miser, check how you handle risk and emergency situations. This analysis is meant to help you establish what habits to keep and what to let go of. To succeed in savings and investments, you need sacrifice and discipline. 2. Develop an investment plan There is an old adage that goes, “failure to plan is planning to fail”. Making a plan helps you to make SMART choices. You need to set clear goals and objectives and the timeline to achieve them. Investing SMART means being Specific on what you are aiming to achieve financially. Being able to ensure that the goals are Measurable and Achievable. Being Realistic and Relevant on your financial goals and also get Time-oriented goals. Develop a SWOT analysis. This involves analyzing your financial strengths, weaknesses, opportunities, and threats. When you put that into consideration, you are able to make sound financial decisions. 3. Find a financial expert to guide you on the best investments for you A financial expert can help streamline your saving and investment choices. It is also imperative to seek the advice of a financial expert to help you make the right choices that most fit you, to know the right investments to make and to set realistic financial goals for yourself. 4. Choose the best Investment After knowing what you want and where you want to go, it’s time to take the leap. This step involves diversifying and choosing your investment portfolio. It involves buying stocks, bonds, investing in real estate, starting an income generating activity among others. 5. Review your savings and investments It is good to occasionally review the steps as it will help you know whether you are moving in the right direction or you have detoured. Do regular reviews of the performance of your different strategies and find out how they are performing. Savings and investment like any journey are bound to encounter potholes like inflation, price fluctuations, and volatility; but don’t lose focus of the ultimate goal. Get a financial advisor to explain to you the impact it may have on your investments and the right moves to make.
New Treasury Data Analysis Confirms New Markets Tax Credit Generated Over One Million Jobs in America's Most Distressed Rural and Urban Communities
October Home Sales Posted Modest Gains as Metro Chicago Residential Market Continues Thriving Despite Dwindling Inventory, RE/MAX Reports
REALTORS®, Home Builders and Affordable Housing Advocates Rally Together to Denounce Federal Tax Reform Plan That Would Hurt Middle-Class Californians