Chlorine Sensors Market Confident That Urban Water Treatment Needs Will Drive Future Growth – IndustryARC

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Chlorine Sensors Market, Spurred By Greater Water Quality Management Demands, Set To Perform Strongly.

/EIN News/ — Hyderabad, India, March 28, 2017 (GLOBE NEWSWIRE) — The report “Chlorine Sensors Market: By Type (Total Chlorine, Free Chlorine, Compound Chlorine, Organic Compound Chlorine); By End User (Drinking & Industrial Water Treatment, Hydrocarbon & Crude Analyzers, Gas Analyzers, Pool Disinfection) – Forecast (2017 – 2022)”, published by IndustryARC, estimates that the APAC region will be the key future growth market for water treatment.

Browse 20 Market Tables, 50 Figures spread through 148 Pages and an in-depth TOC on “Chlorine Sensors Market 2017 – 2022
http://industryarc.com/Report/56/Global-Chlorine-Sensors-Market.html  

Scope & Regional Forecast of the Chlorine Sensors Market:

Chlorination is one of the most common and nontoxic methods for drinking water treatment globally. Monitoring the amount of chlorine is gaining focus due to the stringent regulation imposed from the government to water treatment plants. Chlorination in drinking water is generally done to kill the bacterial present in them; the companies operation in water treatment should regulate the chlorine content as excess amount of chlorine is toxic for humans and all living organisms. Monitoring of chlorine is important as excess chlorine content adds an unpleasant taste to water. Chlorine is generally used as a disinfectant in drinking water and swimming pools and these sensors measure the acceptable limits presence and also continuously monitor it in the water treatment plants and reservoirs. In industrial usage, chlorine sensors monitor the chlorine percentage in gas analyzers, crude and hydrocarbon extracts in the oil and gas industry.

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Chlorine sensors are electrochemical devices which are used for chlorine analysis and are designed to fit into chlorine measurement devices for a wide range of aqueous environments. Chlorine sensors are amperometric sensors used for the measurement of free chlorine, mono-chloramine and total chlorine in fresh water applications including monitoring of industrial cooling and rinse water, drinking water and wastewater.

Stringent regulations for water quality management, increased pressure from customers for consistent water quality are the major drivers for chlorine sensors market. In Industrial usage chlorine sensors monitor the chlorine percentage in gas analyzers, crude and hydrocarbon extracts in oil & gas industry. Industrialization is associated with rapid technological changes and manufacturing activities. Since the last decade, the developing countries are going through a phase of development in which industrialization has been an integral part.

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Prominent Segmentations Involved in the Chlorine Sensors Market:
The Chlorine Sensors Market can be broken down into various segmentations on the basis of –

  • Type: Free Chlorine, Total Chlorine, Compound Chlorine, Mon chloramines and Organic Compound Chlorine.
  • End User: Drinking Water Treatment, Pool Disinfection, Industrial Water Treatment, Industrial Gas Detectors, Hydrocarbon and Crude Analyzers, Waste Water Recycling and Others.
  • Geographic Location: Americas, Europe, Asia-Pacific and Rest of the world.

Some of the sample companies profiled in the Chlorine Sensors Market report are as follows:

  • Process Instruments
  • Electric Industries Ltd
  • AST Components Ltd
  • Endress+Hauser Management AG
  • Group Tech Industries
  • Severn Trent Services
  • Sierra Monitor Corp
  • Thermo 
  • Fisher Scientific
  • Hamilton Co

Why buy this report?

  • Get a detailed picture of the Chlorine Sensors Market.
  • Pinpoint growth sectors and identify factors driving change.
  • Understand the competitive environment, the market’s major players and leading brands.
  • A five-year forecast method is used in order to assess how the market is predicted to develop.

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http://industryarc.com/Report/6354/Water-Treatment-Additives-Market-Research-Report.html 

Water Testing and Analysis Market: Test (TOC, PH, Conductivity, Dissolved Oxygen, Turbidity, Others) Product (Portable, Benchtop, Hand-held, Others) End-User (Environmental, Industrial, Laboratories, Others) By Application & By Geography-Forecast (2016-2022)
http://industryarc.com/Report/7473/water-testing-analysis-market.html 

About IndustryARC:

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Raglan Coconut Yoghurt teams up with TerraCycle

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Raglan Coconut Yoghurt teams up with TerraCycle to recycle its Little Yoghis

To coincide with the launch of its new ‘Little Yoghi’ range of coconut yoghurt pouches, Raglan Coconut Yoghurt has joined up with recycling pioneers TerraCycle to make the pouches nationally recyclable in New Zealand.

Through the Little Yoghi Recycling Programme, New Zealanders simply collect pouches at home, work, school, or at their playgroup, and freepost them to TerraCycle in any used box. The pouch materials are then pelletised and can be used to make plastic goods such as park benches, watering cans and waste bins.

Raglan Coconut Yoghurt has always endeavoured to use recyclable materials in the packaging for its full-size ‘Yoghi’ products. But when the Raglan-based coconut yoghurt brand launched the lunchbox-friendly Little Yoghis, the team realised they needed to find a sustainable solution for used pouches.

“We’re very conscious of health and the environment, and this is reflected through our healthy, fresh products, our community sponsorships, and, of course, our focus on recycling,” says Tesh Randall, co-founder, Raglan Coconut Yoghurt. “As soon as we decided to launch the Little Yoghis, we knew we had to offer our customers an environmentally-friendly disposal option!”

Although increasingly popular with food manufacturers and consumers alike, most pouch packaging is not yet recyclable through standard New Zealand council services.

Jean Bailliard, General Manager for TerraCycle Australia and New Zealand, says the new nationwide recycling programme benefits not only the environment, but the community as well.

“TerraCycle recycles the ‘unrecyclable’ – we look at waste solutions for items that are deemed difficult to recycle, such as yoghurt pouches,” he says. “Our recycling programmes are free to participate in and very user-friendly, and they also allow collectors to raise money for their local school or favourite charity.”

Collectors will be awarded with two cents for every pouch they collect, and once they’ve collected $10 across any of TerraCycle’s programmes, they can donate the funds to their favourite charity or school.

Visit www.terracycle.co.nz/little-yoghi to sign up and obtain further information on the programme.

TerraCycle has already kept more than four billion pieces of food and beverage packaging and other waste from going to the landfill, and with its partners, donated over $15 million to charity and schools through its various programmes. TerraCycle is currently creating solutions for other difficult to recycle, but widely discarded, waste streams such as cigarettes and used chewing gum.

About Raglan Coconut Yoghurt

Raglan Coconut Yoghurt is a Raglan, New Zealand-based brand that has become a familiar favourite in the coconut yoghurt market. Its yoghurts are full of probiotics, free from dairy, gluten, refined sugar, preservatives, nuts, gums and GMOs, and are paleo and beegan. Plus, they’re 100% locally produced in Raglan using honey from local beehives around Mt Karioi.

Both Raglan Coconut Yoghurt’s full-size Yoghi products and Little Yoghi pouches come in varieties such as Natural Greek-Style, Mango & Turmeric and Blackcurrant & Heilala Vanilla, as well as a new Banana flavoured Little Yoghi.

About TerraCycle

TerraCycle, Inc. is an international recycling organisation that engages the community to collect ‘unrecyclable’ and difficult-to-recycle packaging and products, and turns them into innovative eco products. Founded in 2001, TerraCycle is the world’s leader in the collection and reuse of non-recyclable post-consumer waste.

TerraCycle works with over 110 of the world’s largest consumer goods brands to collect 75 different waste streams, including coffee capsules, toothbrushes, chewing gum and even cigarette waste.

TerraCycle operates in 20 countries and has over 60 million people participating globally in its programmes to collect waste. Internationally TerraCycle has diverted almost 5 billion units of waste from landfill and paid over $15 million to charities and schools.

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Landec Corporation Agrees to Settle Labor Related Legal Actions and Updates Guidance

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Settlement Covers All Potential Past Wage and Hour Claims

/EIN News/ — MENLO PARK, Calif., March 28, 2017 (GLOBE NEWSWIRE) — Landec Corporation (NASDAQ:LNDC), a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets, announced today that Apio, Inc., Landec’s food subsidiary (“Apio”), has reached an agreement in principle to settle a variety of claims made against the Company and its labor contractor.

Apio has been the target of a union organizing campaign which has included two unsuccessful attempts to unionize Apio’s Guadalupe, California processing plant. The campaign has involved a union and over 100 former and current employees of Pacific Harvest, Inc. and Rancho Harvest, Inc. (collectively “Pacific Harvest”), Apio’s labor contractors, bringing dozens of legal actions before various state and federal agencies, the California Superior Court, and initiating over 100 individual arbitrations against Apio and Pacific Harvest (the “Actions”).

For over 15 years, Apio has retained Pacific Harvest, a contract labor provider, to manage all aspects of hourly labor requirements within its Guadalupe, California manufacturing facility, including recruiting, hiring, daily management, payroll processing and employee benefits administration. In August 2015, one month before the first lawsuit was filed against Apio and Pacific Harvest, the National Labor Relations Board (NLRB) held in the Browning-Ferris Industries decision that employees of a labor contractor may be considered to be de facto employees of the company who engaged the labor contractor. As a result, rather than being shielded from these type of lawsuits as in the past, Apio may now be considered a joint employer and therefore may be jointly liable with Pacific Harvest, even though the employees who filed the claims are employees of Pacific Harvest. Starting in January of this year, Apio assumed the responsibilities for all human resource activities, employee management and employee documentation while still using Pacific Harvest for recruiting, payroll processing and securing employee benefits for the plant employees.

The Actions consist of three main types of claims: (1) Unfair Labor Practice claims (“ULPs”) before the NLRB, (2) discrimination/wrongful termination claims before state and federal agencies and in individual arbitrations, and (3) wage and hour claims as part of two Private Attorney General Act (PAGA) cases in state court and in over 100 individual arbitrations.

Financial Implications
A settlement of the ULP claims among the NLRB, the Union, Apio, and Pacific Harvest that were pending before the NLRB was approved on December 27, 2016 for $310,000. Apio was responsible for half or this settlement or $155,000. Concerning the discrimination/wrongful termination claims and the wage and hour claims, in order to avoid the time and expense of further litigation and without admission of liability, the parties have agreed in principle to a class action settlement which covers all non-exempt employees of Pacific Harvest working at Apio’s Guadalupe, California facility. This settlement remains subject to all of the plaintiffs executing the settlement agreement, and the settlement agreement being approved by the Santa Barbara County Superior Court. Under the Settlement Agreement, the plaintiffs will be paid in three installments: $2.4 million in April 2017, $1.8 million in November 2017 and $1.8 million in July 2018. Apio is responsible for half of these payments with Pacific Harvest responsible for the other half.

Based on the initial number of claims and the initial length of time covered by the claims, Apio had recorded a legal settlement contingency accrual of $1.3 million as of November 27, 2016, which Apio believed was sufficient to resolve its share of the costs of the Actions prior to the significant increase in the number of potential claims and the number of past years covered in the final settlement.

As a result of the class action settlement, during the third quarter ended February 26, 2017, Apio will be recording an additional legal settlement charge of $2.1 million, or $0.05 per share after tax, for its one-half of the settlement obligation, bringing the total legal settlement charge for fiscal year 2017 to $2.6 million and the accrual to $3.0 million as of February 26, 2017. During the first nine months of fiscal 2017, Apio had incurred $1.7 million of legal defense expenses related to the Actions, bringing the total expenses associated with these Actions during fiscal 2017 to $4.3 million, or $0.10 per share after taxes.

Importantly, by settling on a class-wide basis, the number of individuals who will be releasing their claims is significantly higher and the length of time covered by the settlement increased from one year to four years. As a result, this settlement allows Apio to avoid millions of dollars of legal fees to arbitrate and individually try all of these matters over the next several years.

“We are very pleased that these legal actions are now behind us and that we are able to settle these Actions as a class rather than having to arbitrate over 100 cases individually which could have taken several years,” stated Ron Midyett, Landec’s COO. “To prevent Apio from being subjected to such litigation in the future, Apio has taken over all of the responsibilities of human resources for the plant employees and has established a new set of more stringent policies and procedures including monitoring payroll processing on a weekly basis.”

Guidance Update
Molly Hemmeter, Landec’s President and CEO, stated, “From an operational standpoint, for the third quarter of fiscal 2017, we are reiterating our revenue guidance of $133 million to $140 million and we are reiterating our net income guidance of $0.16 to $0.19 per share, prior to the $2.1 million additional legal settlement charge.

Regarding our fourth quarter of fiscal 2017 ended May 28th, the heavy rains this winter have damaged crops, reduced yields both in the field and in our processing facilities, and have impeded our growers’ ability to plant fields during January and February which will result in shortages of key vegetable crops during our fiscal fourth quarter. As a result, we now expect our revenues in the fourth quarter to be $134 million to $137 million and net income to be $0.09 to $0.11 per share. As of now, we do not expect the heavy rains this winter to have a negative impact on our financial results in fiscal 2018.”    

About Landec Corporation 
Landec Corporation (NASDAQ:LNDC) is a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets. Apio, Landec’s food business, is the leader in branded, packaged fresh vegetables in North America, utilizing its proprietary BreatheWay® packaging technology to naturally extend the shelf life of fresh produce. Apio combines this technology with the capabilities of a large national fresh produce supplier to offer healthy fresh vegetable products under the Eat Smart® brand to consumers through club and retail grocery stores. Landec recent acquisition, O Olive Oil, Inc., offers organic and natural olive oils and vinegars under the O brand. Lifecore Biomedical, Landec’s biomaterial business, is a fully integrated Contract Development and Manufacturing Organization (CDMO) that offers expertise and capabilities in fermentation, specialty formulation, aseptic filling and final packaging for FDA regulated medical devices and drugs to customers for applications in a wide array of markets including Ophthalmic, Orthopedic and Oncology. For more information about the company, visit Landec’s website at www.landec.com.

Important Cautions Regarding Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially, including such factors among others, as the timing and expenses associated with operations, the ability to achieve acceptance of the Company’s new products in the market place, weather conditions that can affect the supply and price of produce, the amount and timing of research and development funding and license fees from the Company’s collaborative partners, the timing of regulatory approvals, the mix between domestic and international sales, and the risk factors listed in the Company’s Form 10-K for the fiscal year ended May 29, 2016 (See item 1A: Risk Factors) which may be updated in Part II, Item 1A Risk Factors in the Company’s Quarterly Reports on Form 10-Q. As a result of these and other factors, the Company expects to continue to experience significant fluctuations in quarterly operating results and there can be no assurance that the Company will remain consistently profitable. The Company undertakes no obligation to update or revise any forward-looking statements whether as a result of new developments or otherwise.

Contact Information:   
                    At the Company:     
                    Gregory S. Skinner  
                    Vice President Finance and CFO
                    (650) 261-3677      
                    
                     Investor Relations:
                     John Mills, Partner 
                     (646) 277-1254
                     John.Mills@ICRINC.com

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Landec Corporation Agrees to Settle Labor Related Legal Actions and Updates Guidance

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Settlement Covers All Potential Past Wage and Hour Claims

/EIN News/ — MENLO PARK, Calif., March 28, 2017 (GLOBE NEWSWIRE) — Landec Corporation (NASDAQ:LNDC), a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets, announced today that Apio, Inc., Landec’s food subsidiary (“Apio”), has reached an agreement in principle to settle a variety of claims made against the Company and its labor contractor.

Apio has been the target of a union organizing campaign which has included two unsuccessful attempts to unionize Apio’s Guadalupe, California processing plant. The campaign has involved a union and over 100 former and current employees of Pacific Harvest, Inc. and Rancho Harvest, Inc. (collectively “Pacific Harvest”), Apio’s labor contractors, bringing dozens of legal actions before various state and federal agencies, the California Superior Court, and initiating over 100 individual arbitrations against Apio and Pacific Harvest (the “Actions”).

For over 15 years, Apio has retained Pacific Harvest, a contract labor provider, to manage all aspects of hourly labor requirements within its Guadalupe, California manufacturing facility, including recruiting, hiring, daily management, payroll processing and employee benefits administration. In August 2015, one month before the first lawsuit was filed against Apio and Pacific Harvest, the National Labor Relations Board (NLRB) held in the Browning-Ferris Industries decision that employees of a labor contractor may be considered to be de facto employees of the company who engaged the labor contractor. As a result, rather than being shielded from these type of lawsuits as in the past, Apio may now be considered a joint employer and therefore may be jointly liable with Pacific Harvest, even though the employees who filed the claims are employees of Pacific Harvest. Starting in January of this year, Apio assumed the responsibilities for all human resource activities, employee management and employee documentation while still using Pacific Harvest for recruiting, payroll processing and securing employee benefits for the plant employees.

The Actions consist of three main types of claims: (1) Unfair Labor Practice claims (“ULPs”) before the NLRB, (2) discrimination/wrongful termination claims before state and federal agencies and in individual arbitrations, and (3) wage and hour claims as part of two Private Attorney General Act (PAGA) cases in state court and in over 100 individual arbitrations.

Financial Implications
A settlement of the ULP claims among the NLRB, the Union, Apio, and Pacific Harvest that were pending before the NLRB was approved on December 27, 2016 for $310,000. Apio was responsible for half or this settlement or $155,000. Concerning the discrimination/wrongful termination claims and the wage and hour claims, in order to avoid the time and expense of further litigation and without admission of liability, the parties have agreed in principle to a class action settlement which covers all non-exempt employees of Pacific Harvest working at Apio’s Guadalupe, California facility. This settlement remains subject to all of the plaintiffs executing the settlement agreement, and the settlement agreement being approved by the Santa Barbara County Superior Court. Under the Settlement Agreement, the plaintiffs will be paid in three installments: $2.4 million in April 2017, $1.8 million in November 2017 and $1.8 million in July 2018. Apio is responsible for half of these payments with Pacific Harvest responsible for the other half.

Based on the initial number of claims and the initial length of time covered by the claims, Apio had recorded a legal settlement contingency accrual of $1.3 million as of November 27, 2016, which Apio believed was sufficient to resolve its share of the costs of the Actions prior to the significant increase in the number of potential claims and the number of past years covered in the final settlement.

As a result of the class action settlement, during the third quarter ended February 26, 2017, Apio will be recording an additional legal settlement charge of $2.1 million, or $0.05 per share after tax, for its one-half of the settlement obligation, bringing the total legal settlement charge for fiscal year 2017 to $2.6 million and the accrual to $3.0 million as of February 26, 2017. During the first nine months of fiscal 2017, Apio had incurred $1.7 million of legal defense expenses related to the Actions, bringing the total expenses associated with these Actions during fiscal 2017 to $4.3 million, or $0.10 per share after taxes.

Importantly, by settling on a class-wide basis, the number of individuals who will be releasing their claims is significantly higher and the length of time covered by the settlement increased from one year to four years. As a result, this settlement allows Apio to avoid millions of dollars of legal fees to arbitrate and individually try all of these matters over the next several years.

“We are very pleased that these legal actions are now behind us and that we are able to settle these Actions as a class rather than having to arbitrate over 100 cases individually which could have taken several years,” stated Ron Midyett, Landec’s COO. “To prevent Apio from being subjected to such litigation in the future, Apio has taken over all of the responsibilities of human resources for the plant employees and has established a new set of more stringent policies and procedures including monitoring payroll processing on a weekly basis.”

Guidance Update
Molly Hemmeter, Landec’s President and CEO, stated, “From an operational standpoint, for the third quarter of fiscal 2017, we are reiterating our revenue guidance of $133 million to $140 million and we are reiterating our net income guidance of $0.16 to $0.19 per share, prior to the $2.1 million additional legal settlement charge.

Regarding our fourth quarter of fiscal 2017 ended May 28th, the heavy rains this winter have damaged crops, reduced yields both in the field and in our processing facilities, and have impeded our growers’ ability to plant fields during January and February which will result in shortages of key vegetable crops during our fiscal fourth quarter. As a result, we now expect our revenues in the fourth quarter to be $134 million to $137 million and net income to be $0.09 to $0.11 per share. As of now, we do not expect the heavy rains this winter to have a negative impact on our financial results in fiscal 2018.”    

About Landec Corporation 
Landec Corporation (NASDAQ:LNDC) is a leading innovator of diversified health and wellness solutions within the packaged natural food and biomaterial markets. Apio, Landec’s food business, is the leader in branded, packaged fresh vegetables in North America, utilizing its proprietary BreatheWay® packaging technology to naturally extend the shelf life of fresh produce. Apio combines this technology with the capabilities of a large national fresh produce supplier to offer healthy fresh vegetable products under the Eat Smart® brand to consumers through club and retail grocery stores. Landec recent acquisition, O Olive Oil, Inc., offers organic and natural olive oils and vinegars under the O brand. Lifecore Biomedical, Landec’s biomaterial business, is a fully integrated Contract Development and Manufacturing Organization (CDMO) that offers expertise and capabilities in fermentation, specialty formulation, aseptic filling and final packaging for FDA regulated medical devices and drugs to customers for applications in a wide array of markets including Ophthalmic, Orthopedic and Oncology. For more information about the company, visit Landec’s website at www.landec.com.

Important Cautions Regarding Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially, including such factors among others, as the timing and expenses associated with operations, the ability to achieve acceptance of the Company’s new products in the market place, weather conditions that can affect the supply and price of produce, the amount and timing of research and development funding and license fees from the Company’s collaborative partners, the timing of regulatory approvals, the mix between domestic and international sales, and the risk factors listed in the Company’s Form 10-K for the fiscal year ended May 29, 2016 (See item 1A: Risk Factors) which may be updated in Part II, Item 1A Risk Factors in the Company’s Quarterly Reports on Form 10-Q. As a result of these and other factors, the Company expects to continue to experience significant fluctuations in quarterly operating results and there can be no assurance that the Company will remain consistently profitable. The Company undertakes no obligation to update or revise any forward-looking statements whether as a result of new developments or otherwise.

Contact Information:   
                    At the Company:     
                    Gregory S. Skinner  
                    Vice President Finance and CFO
                    (650) 261-3677      
                    
                     Investor Relations:
                     John Mills, Partner 
                     (646) 277-1254
                     John.Mills@ICRINC.com

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Dave & Buster’s Achieves Fourth Quarter Net Income Growth of Over 19%

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Delivers Fourth Quarter Adjusted EBITDA Growth of 16.5% As Comparable Store Sales Increase 3.2%

Surpasses $1 Billion Annual Sales Milestone

DALLAS, March 28, 2017 (GLOBE NEWSWIRE) — Dave & Buster’s Entertainment, Inc., (NASDAQ:PLAY), („Dave & Buster’s” or „the Company”), an owner and operator of entertainment and dining venues, today announced financial results for its fourth quarter 2016, which ended on January 29, 2017. The Company also issued its guidance for the full year 2017.

/EIN News/ — Key highlights from the fourth quarter 2016 compared to the fourth quarter 2015 include:

  • Total revenues increased 15.4% to $270.2 million from $234.2 million.
  • Comparable store sales increased 3.2%.
  • Opened four new stores compared to four new stores.
  • Net income of $27.4 million, or $0.63 per diluted share, vs. net income of $23.0 million, or $0.53 per diluted share.
  • Adjusted EBITDA*, a non-GAAP measure, increased 16.5% to $74.5 million from $63.9 million.
  • As a percentage of total revenues, Adjusted EBITDA increased 30 basis points to 27.6% from 27.3%.

Key highlights from the full year 2016 compared to the full year 2015 include:

  • Total revenues increased 15.9% to $1.005 billion from $867 million.
  • Comparable store sales increased 3.3%.
  • Opened eleven new stores compared to ten new stores.
  • Net income of $90.8 million, or $2.10 per diluted share, vs. net income of $59.6 million, or $1.39 per diluted share.
  • Adjusted EBITDA*, a non-GAAP measure, increased 25.8% to $261.5 million from $207.8 million
  • As a percentage of total revenues, Adjusted EBITDA increased 200 basis points to 26.0% from 24.0%.

* A reconciliation of Net Income, the most directly comparable financial measure presented in accordance with GAAP, to Adjusted EBITDA, is set forth in the attachment to this release. Please note that beginning in the fourth quarter of 2016 we revised our calculation of Adjusted EBITDA to exclude adjustments for changes in deferred amusement revenue and ticket liabilities.

“For the quarter, Dave & Buster’s generated a 3.2% increase in comparable store sales, lapping a 6% increase from the prior year, for an impressive 9.2% growth on a two-year stacked basis. Our comparable store sales growth has now exceeded the competitive casual dining benchmark for 19 straight quarters. We also reached an important milestone during the quarter as full year sales exceeded $1 billion. As proud as we are of this accomplishment, we are even more excited about our growth prospects in the future,” said Steve King, Chief Executive Officer.

“We grew revenue by 15.4% and net income by 19.2% during the fourth quarter. Our consistent performance and industry-leading margins position us well for our next growth phase. At the same time, our free cash flow and strong balance sheet allow flexibility to return value to shareholders in additional ways, including share repurchases. To that effect, during fiscal year 2016, we executed $29 million in share repurchases under our current $100 million share repurchase program,” added Brian Jenkins, Chief Financial Officer.

“We expect to open eleven to twelve new stores this year, representing 12% to 13% unit growth. Similar to last year, these openings will skew toward the large store format and new markets for our brand. Our development pipeline is robust and we remain well positioned over the long term to capitalize on the changing retail dynamics affecting big box operators and malls. Our long-term target for annual unit growth continues to be 10% or more and we foresee a 200+ store opportunity in North America alone,” King concluded.

Review of Fourth Quarter 2016 Operating Results

Total revenues increased 15.4% to $270.2 million from $234.2 million in the fourth quarter 2015. Across all stores, Food and Beverage revenues increased 11.3% to $126 million from $113.2 million and Amusement and Other revenues increased 19.2% to $144.2 million from $121.0 million. Food and Beverage represented 46.6% of total revenues while Amusements and Other represented 53.4% of total revenues in the fourth quarter 2016. In last year’s fourth quarter, Food & Beverage represented 48.3% of total revenues while Amusements and Other represented 51.7% of total revenues.

Comparable store sales increased 3.2% in the fourth quarter 2016 compared to a 6.0% increase in the same period last year. Our comparable store sales growth was driven by a 3.5% increase in walk-in sales and a 1.7% increase in special events sales. Non-comparable store revenues increased $30 million or 79% in the fourth quarter 2016 to $68.2 million.

Operating income increased to $44.7 million in the fourth quarter of 2016 from $38.1 million in last year’s fourth quarter. As a percentage of total revenues, operating income increased approximately 20 basis points to 16.5% from 16.3%.

Net income increased to $27.4 million, or $0.63 per diluted share (43.4 million diluted share base), in the fourth quarter of 2016 compared to net income of $23 million, or $0.53 per diluted share (43.1 million diluted share base), in the same period last year.

Store operating income before depreciation and amortization increased 13.4% to $87.2 million in the fourth quarter 2016 from $76.9 million in last year’s fourth quarter. As a percentage of total revenues, store operating income before depreciation and amortization decreased 50 basis points to 32.3% from 32.8%.

Adjusted EBITDA* increased 16.5% to $74.5 million in the fourth quarter 2016 from $63.9 million in the same period last year. As a percentage of total revenues, Adjusted EBITDA increased approximately 30 basis points to 27.6% from 27.3%. As noted earlier, this excludes changes in deferred amusement revenue and ticket liabilities of $2.8 million and $2.5 million in the fourth quarters of fiscal years 2016 and 2015 respectively. These changes were included in our previous Adjusted EBITDA definition and guidance.

Share Repurchases

During fiscal year 2016, our board approved a $100 million share repurchase program. Under this authorization, we repurchased 567,000 shares during the fiscal year for $29 million. This includes 396,000 shares repurchased during the fourth quarter. As of the end of fiscal year 2016, we had $71 million remaining under this authorization.

Development

We opened four stores during the fourth quarter in Toledo, Ohio; Silver Spring (Washington, D.C.), Maryland; Oakville (Toronto), Ontario; and Daly City (San Francisco), California for a total of eleven new stores for the year. Total capital additions (net of tenant improvement allowances and sale-leaseback proceeds) during fiscal year 2016 were $146 million and included development costs for store openings, six remodeling and related projects, new games and maintenance capital.

During the first quarter of fiscal year 2017, we have already opened three stores in Carlsbad, California; Columbia, South Carolina; and Overland Park, Kansas. We currently have six stores under construction in Tucson, Arizona; New Orleans, Louisiana; Alpharetta, Georgia; Myrtle Beach, South Carolina; McAllen, Texas and Bayamon, Puerto Rico.  

Financial Outlook

We are providing our initial financial outlook for fiscal 2017, which includes 53 weeks and ends on February 4, 2018:

  • Total revenues of $1.155 billion to $1.170 billion
  • Comparable store sales increase of 2% to 3% (on a comparable 52-week basis)
  • 11 to 12 new stores
  • Net income of $101 million to $105 million
  • Effective tax rate of 36% to 37% and diluted share count of 43.2 million to 43.4 million, excluding the impact of FASB Accounting Standard, ASU 2016-09. The implementation of this new standard could significantly reduce our effective tax rate and slightly increase our diluted share count, dependent on stock option exercises
  • EBITDA of $270 million to $277 million
  • Total capital additions (net of tenant improvement allowances and other landlord payments) of $156 million to $166 million

Conference Call Today

Management will hold a conference call to discuss these results today at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). The conference call can be accessed over the phone by dialing (719) 325-2360 or toll-free (888) 587-0611.  A replay will be available after the call for one year beginning at 7:00 p.m. Central Time (8:00 p.m. Eastern Time) and can be accessed by dialing (412) 317-6671 or toll-free (844) 512-2921; the passcode is 7448438.

Additionally, a live and archived webcast of the conference call will be available at www.daveandbusters.com under the Investor Relations section.

About Dave & Buster’s Entertainment, Inc.

Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster’s Entertainment, Inc., is the owner and operator of 95 venues in North America that combine entertainment and dining and offer customers the opportunity to „Eat, Drink, Play and Watch,” all in one location.  Dave & Buster’s offers a full menu of „Fun American New Gourmet” entrées and appetizers, a full selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events.  Dave & Buster’s currently has stores in 33 states and Canada.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements. These forward-looking statements involve risks and uncertainties and, consequently, could be affected by our level of indebtedness, general business and economic conditions, the impact of competition, the seasonality of the company’s business, adverse weather conditions, future commodity prices, guest and employee complaints and litigation, fuel and utility costs, labor costs and availability, changes in consumer and corporate spending, changes in demographic trends, changes in governmental regulations, unfavorable publicity, our ability to open new stores, and acts of God.  Accordingly, actual results may differ materially from the forward-looking statements, and the Company therefore cautions you against relying on such forward-looking statements.  Dave & Buster’s intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more appropriate information becomes available, except as required by law.

Non-GAAP Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with GAAP, the Company uses the following non-GAAP financial measures: EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Store operating income before depreciation and amortization, and store operating income before depreciation and amortization margin (collectively the „non-GAAP financial measures”). The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that they provide useful information about operating results, enhance the overall understanding of our operating performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.  The non-GAAP measures used by the Company in this press release may be different from the measures used by other companies.

 
DAVE & BUSTER’S ENTERTAINMENT, INC.
Condensed Consolidated Balance Sheets
(in thousands)
 
         
ASSETS   January 29, 2017   January 31, 2016
         
Current assets:        
         
Cash and cash equivalents $   20,083   $   25,495
Other current assets     55,521       84,585
         
Total current assets     75,604       110,080
         
Property and equipment, net     606,865       523,891
         
Intangible and other assets, net     370,264       369,730
         
Total assets $   1,052,733   $   1,003,701
         
         
LIABILITIES AND STOCKHOLDERS’ EQUITY        
         
Total current liabilities $   177,797   $   156,647
         
Other long-term liabilities     178,856       170,800
         
Long-term debt, net     256,628       329,916
         
Stockholders’ equity     439,452       346,338
         
Total liabilities and stockholders’ equity $   1,052,733   $   1,003,701
DAVE & BUSTER’S ENTERTAINMENT, INC.
Consolidated Statements of Operations (Unaudited)
(in thousands, except share and per share amounts)
                 
    13 Weeks Ended   13 Weeks Ended
    January 29, 2017   January 31, 2016
                 
Food and beverage revenues $   126,001     46.6 %   $   113,237     48.3 %
Amusement and other revenues     144,181     53.4 %       120,978     51.7 %
Total revenues     270,182     100.0 %       234,215     100.0 %
                 
Cost of food and beverage (as a percentage of food and beverage revenues)       31,174     24.7 %       28,522     25.2 %
Cost of amusement and other (as a percentage of amusement and other revenues)       16,726     11.6 %       14,371     11.9 %
Total cost of products       47,900     17.7 %       42,893     18.3 %
Operating payroll and benefits     62,213     23.0 %       53,008     22.6 %
Other store operating expenses     72,835     27.0 %       61,417     26.3 %
General and administrative expenses     14,343     5.3 %       14,615     6.2 %
Depreciation and amortization expense     23,197     8.6 %       20,413     8.7 %
Pre-opening costs     5,024     1.9 %       3,807     1.6 %
Total operating costs     225,512     83.5 %       196,153     83.7 %
                 
Operating income     44,670     16.5 %       38,062     16.3 %
                 
Interest expense, net     1,412     0.5 %       2,407     1.1 %
                 
Income before provision for income taxes     43,258     16.0 %       35,655     15.2 %
Provision for income taxes     15,891     5.9 %       12,705     5.4 %
Net income   $   27,367     10.1 %   $   22,950     9.8 %
                 
Net income per share:                
Basic $   0.65         $   0.55      
Diluted $   0.63         $   0.53      
Weighted average shares used in per share calculations:                
Basic shares    42,215,285            41,548,060      
Diluted shares    43,369,754            43,097,656      
                 
                 
Other information:                
Company-owned and operated stores open at end of period   92           81      
 
                 
The following table sets forth a reconciliation of net income to Adjusted EBITDA for the periods shown:
                 
    13 Weeks Ended   13 Weeks Ended
    January 29, 2017   January 31, 2016
                 
Net income   $   27,367     10.1 %   $   22,950     9.8 %
Add back: Interest expense, net     1,412             2,407      
Provision for income taxes     15,891             12,705      
Depreciation and amortization     23,197             20,413      
EBITDA     67,867     25.1 %       58,475     25.0 %
Add back: Loss on asset disposal     546             246      
Share-based compensation       1,163             1,519      
Pre-opening costs       5,024             3,807      
Transaction and other costs     (141 )           (151 )    
Adjusted EBITDA* $   74,459     27.6 %   $   63,896     27.3 %
                 
*Beginning in the fourth quarter of 2016 we revised our calculation of Adjusted EBITDA to exclude adjustments for changes in deferred amusement revenue and ticket liabilities. This change was made in order to conform to recent SEC guidance regarding non-GAAP measures and has been applied to all periods presented. The change in deferred amusement revenue and ticket liability was $2,807 and $2,456 in the fourth quarters of fiscal year 2016 and 2015 respectively.
                 
The following table sets forth a reconciliation of operating income to Store operating income before depreciation and amortization for the periods shown:
                 
    13 Weeks Ended   13 Weeks Ended
    January 29, 2017   January 31, 2016
Operating income   $   44,670     16.5 %   $   38,062     16.3 %
Add back: General and administrative expenses     14,343             14,615      
Depreciation and amortization     23,197             20,413      
Pre-opening costs     5,024             3,807      
Store operating income before depreciation and amortization $   87,234     32.3 %   $   76,897     32.8 %
DAVE & BUSTER’S ENTERTAINMENT, INC.
Consolidated Statements of Operations (Audited)
(in thousands, except share and per share amounts)
                 
    52 Weeks Ended   52 Weeks Ended
    January 29, 2017   January 31, 2016
                 
Food and beverage revenues $   452,140     45.0 %   $   405,841   46.8 %
Amusement and other revenues     553,018     55.0 %       461,141   53.2 %
Total revenues     1,005,158     100.0 %       866,982   100.0 %
                 
Cost of food and beverage (as a percentage of food and beverage revenues)       114,946     25.4 %       104,757   25.8 %
Cost of amusement and other (as a percentage of amusement and other revenues)       65,354     11.8 %       58,053   12.6 %
Total cost of products       180,300     17.9 %       162,810   18.8 %
Operating payroll and benefits     228,827     22.8 %       200,129   23.1 %
Other store operating expenses     287,322     28.6 %       250,186   28.8 %
General and administrative expenses     54,474     5.4 %       53,600   6.2 %
Depreciation and amortization expense     88,305     8.8 %       78,660   9.1 %
Pre-opening costs     15,414     1.5 %       11,561   1.3 %
Total operating costs     854,642     85.0 %       756,946   87.3 %
                 
Operating income     150,516     15.0 %       110,036   12.7 %
                 
Interest expense, net     6,985     0.7 %       11,464   1.3 %
Loss on debt retirement     –     0.0 %       6,822   0.8 %
                 
Income before provision for income taxes       143,531     14.3 %       91,750   10.6 %
Provision for income taxes     52,736     5.3 %       32,131   3.7 %
Net income   $   90,795     9.0 %   $   59,619   6.9 %
                 
Net income per share:                
Basic $   2.16         $   1.46    
Diluted $   2.10         $   1.39    
Weighted average shares used in per share calculations:                
Basic shares    41,951,770            40,968,455    
Diluted shares    43,288,592            42,783,905    
                 
                 
Other information:                
Company-owned and operated stores open at end of period   92           81    
 
                 
The following table sets forth a reconciliation of net income to Adjusted EBITDA for the periods shown:
                 
    52 Weeks Ended   52 Weeks Ended
    January 29, 2017   January 31, 2016
                 
Net income   $   90,795     9.0 %   $   59,619   6.9 %
Add back: Interest expense, net     6,985             11,464    
Loss on debt retirement     –             6,822    
Provision for income taxes       52,736             32,131    
Depreciation and amortization     88,305             78,660    
EBITDA     238,821     23.8 %       188,696   21.8 %
Add back: Loss on asset disposal     1,533             1,411    
Share-based compensation       5,828             4,109    
Pre-opening costs     15,414             11,561    
Transaction and other costs     (73 )           2,068    
Adjusted EBITDA* $   261,523     26.0 %   $   207,845   24.0 %
                 
*Beginning in the fourth quarter of 2016 we revised our calculation of Adjusted EBITDA to exclude adjustments for changes in deferred amusement revenue and ticket liabilities. This change was made in order to conform to recent SEC guidance regarding non-GAAP measures and has been applied to all periods presented. The change in deferred amusement revenue and ticket liability was $8,297 and $7,587 in fiscal year 2016 and 2015 respectively.
                 
The following table sets forth a reconciliation of operating income to Store operating income before depreciation and amortization for the periods shown:
                 
    52 Weeks Ended   52 Weeks Ended
    January 29, 2017   January 31, 2016
                 
Operating income $   150,516     15.0 %   $   110,036   12.7 %
Add back: General and administrative expenses     54,474             53,600    
Depreciation and amortization     88,305             78,660    
Pre-opening costs     15,414             11,561    
Store operating income before depreciation and amortization   $   308,709     30.7 %   $   253,857   29.3 %

For Investor Relations Inquiries:
                    Arvind Bhatia, CFA
                    Dave & Buster’s Entertainment, Inc.
                    214.904.2202
                    arvind_bhatia@daveandbusters.com

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Global E-beam Accelerator Industry Forecast to 2021 with Key Companies Profile, Supply, Demand, Cost Structure, and SWOT Analysis

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This report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market

The Global E-beam Accelerator Market Research Report 2017 Market Research Report is a professional and in-depth study on the current state of the E-beam Accelerator market. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. The global market for E-beam Accelerator is expected to reach about 498.13 million USD by 2022 from 219.48 million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 17.81% during the analysis period, 2017-2021.

Access this report at: https://www.themarketreports.com/report/global-e-beam-accelerator-market-research-report-2017

Companies profiled in this report are Iba, Wasik Associates, Jiangsu Dasheng Electron Accelerator, Iotron, Vivirad Group and more.

Analysis by Product Types, with production, revenue, price, market share and growth rate of each type, can be divided into

  • Linear Accelerator
  • Circular movement Accelerator

Analysis by Applications, this report focuses on consumption, market share and growth rate of Reed Switch Device in each application, can be divided into

  • Linear Accelerator
  • CirMedical & Food Industry
  • Industrial
  • Scientific Researchcular movement Accelerator

Purchase this premium research report at: https://www.themarketreports.com/report/buy-now/435738

Table of Contents:

1 E-beam Accelerator Market Overview

2 Global E-beam Accelerator Market Competition by Manufacturers

3 Global E-beam Accelerator Production, Revenue (Value) by Regions (2012-2017)

4 Global E-beam Accelerator Supply (Production), Consumption, Export, Import by Regions (2012-2017)

5 Global E-beam Accelerator Production, Revenue (Value), Price Trend by Types

6 Global E-beam Accelerator Market Analysis by Applications

7 Global E-beam Accelerator Manufacturers Profiles/Analysis

8 E-beam Accelerator Manufacturing Cost Analysis

9 Industrial Chain, Sourcing Strategy and Downstream Buyers

10 Marketing Strategy Analysis, Distributors/Traders

11 Market Effect Factors Analysis

12 Global E-beam Accelerator Market Forecast (2017-2022)

13 Research Findings and Conclusion

Inquire more about this report at: https://www.themarketreports.com/report/ask-your-query/435738

FrieslandCampina (Hong Kong) is named „Company of the Year for Innovation & Leadership (Hong Kong)”

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HONG KONG, CHINA–(Marketwired – Mar 28, 2017) – FrieslandCampina (Hong Kong) Limited (FCHK) is named „Company of the Year for Innovation & Leadership (Hong Kong)” at the prestigious Le Fonti IAIR Awards 2017.

Judged by the scientific committee of IAIR® and IAIREVIEW.org along with a team of dedicated legal, economic and financial journalists in over 120 countries worldwide, FCHK is recognized by its contribution to the growth of the industry with product innovation such as the newly launched tailored nutrition formulas OPTIMEL, and its commitment to nourishing the lives of Hong Kong people across all ages, advocating the healthy lifestyle and preserving of unique local Hong Kong styled milk tea culture.

Mr. Harvey Uong, Managing Director of FrieslandCampina Hong Kong, commented on the award, „We are honoured to be nominated by IAIR® and named the winner of the ‚Company of the Year for Innovation & Leadership (Hong Kong)’. This is a significant milestone for FCHK and its continuous efforts in nourishing the Hong Kong people across all ages through our product innovation and CSR campaigns.”

Le Fonti IAIR Awards is one of the world’s leading ranking systems and hosts award ceremonies in excellence in innovation & leadership, in particular in green economy, business opportunities, and global corporate excellences etc.

FrieslandCampina (Hong Kong) Limited
FrieslandCampina (Hong Kong) Limited (FCHK), a subsidiary of Royal FrieslandCampina, has maintained a long presence in Hong Kong since 1938, providing high quality and nutritious dairy products including FRISO infant and toddler milk formula, DUTCH LADY dairy based beverages, OPTIMEL adult nutrition formula and dairy products including BLACK&WHITE, LONGEVITY, for consumers, customers and food service business partners in Hong Kong and Macau, nourishing the health of local citizens across the whole life span.

FCHK has developed a wide network in both retail and business channels with our products being available at key chain drug stores, supermarkets and open trade, as well as being the supplier-of-choice to top tier food chains, teashops, restaurants and hotels. Currently, our business covers Hong Kong and Macau.

Royal FrieslandCampina N.V.
Every day FrieslandCampina provides millions of consumers all over the world with food that is rich in valuable nutrients. FrieslandCampina is one of the world’s largest dairy companies, manufacturing and providing a variety of dairy products which serve as raw materials and semi-manufactured goods for global infant and toddler products, the food and beverage as well as medical industries. FrieslandCampina has offices in 32 countries and employs a total of about 22,000 people. FrieslandCampina’s products find their way to more than 100 countries. The Company’s central office is in Amersfoort.

The Company is fully owned by Zuivelcoöperatie FrieslandCampina U.A, with over 19,000 member dairy farmers in the Netherlands, Germany and Belgium, one of the world’s largest dairy cooperatives. For more information please visit: www.frieslandcampina.com.

About Le Fonti IAIR AWARDS®
Le Fonti IAIR Awards® is one of the world’s leading ranking systems and hosts award ceremonies in Excellence in Innovation & Leadership. It is made up of the scientific committee of IAIR® and IAIREVIEW.org along with a team of dedicated legal, economic and financial journalists in over 120 countries worldwide.

The IAIR Awards® is focused on Excellence in Innovation & Leadership and in particular in the following categories: Green Economy, Alternative Investments, Business Opportunities, Global Corporate Excellences, FX, ETFs and Commodities, Law, Asset Management, Family Office and Wealth Management, Philanthropy, Private Equity, Real Estate and Property, Succession Planning and Family Businesses. For more information, please visit: http://iairawards.com/.

FrieslandCampina (Hong Kong) is named „Company of the Year for Innovation & Leadership (Hong Kong)”

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HONG KONG, CHINA–(Marketwired – Mar 28, 2017) – FrieslandCampina (Hong Kong) Limited (FCHK) is named „Company of the Year for Innovation & Leadership (Hong Kong)” at the prestigious Le Fonti IAIR Awards 2017.

Judged by the scientific committee of IAIR® and IAIREVIEW.org along with a team of dedicated legal, economic and financial journalists in over 120 countries worldwide, FCHK is recognized by its contribution to the growth of the industry with product innovation such as the newly launched tailored nutrition formulas OPTIMEL, and its commitment to nourishing the lives of Hong Kong people across all ages, advocating the healthy lifestyle and preserving of unique local Hong Kong styled milk tea culture.

Mr. Harvey Uong, Managing Director of FrieslandCampina Hong Kong, commented on the award, „We are honoured to be nominated by IAIR® and named the winner of the ‚Company of the Year for Innovation & Leadership (Hong Kong)’. This is a significant milestone for FCHK and its continuous efforts in nourishing the Hong Kong people across all ages through our product innovation and CSR campaigns.”

Le Fonti IAIR Awards is one of the world’s leading ranking systems and hosts award ceremonies in excellence in innovation & leadership, in particular in green economy, business opportunities, and global corporate excellences etc.

FrieslandCampina (Hong Kong) Limited
FrieslandCampina (Hong Kong) Limited (FCHK), a subsidiary of Royal FrieslandCampina, has maintained a long presence in Hong Kong since 1938, providing high quality and nutritious dairy products including FRISO infant and toddler milk formula, DUTCH LADY dairy based beverages, OPTIMEL adult nutrition formula and dairy products including BLACK&WHITE, LONGEVITY, for consumers, customers and food service business partners in Hong Kong and Macau, nourishing the health of local citizens across the whole life span.

FCHK has developed a wide network in both retail and business channels with our products being available at key chain drug stores, supermarkets and open trade, as well as being the supplier-of-choice to top tier food chains, teashops, restaurants and hotels. Currently, our business covers Hong Kong and Macau.

Royal FrieslandCampina N.V.
Every day FrieslandCampina provides millions of consumers all over the world with food that is rich in valuable nutrients. FrieslandCampina is one of the world’s largest dairy companies, manufacturing and providing a variety of dairy products which serve as raw materials and semi-manufactured goods for global infant and toddler products, the food and beverage as well as medical industries. FrieslandCampina has offices in 32 countries and employs a total of about 22,000 people. FrieslandCampina’s products find their way to more than 100 countries. The Company’s central office is in Amersfoort.

The Company is fully owned by Zuivelcoöperatie FrieslandCampina U.A, with over 19,000 member dairy farmers in the Netherlands, Germany and Belgium, one of the world’s largest dairy cooperatives. For more information please visit: www.frieslandcampina.com.

About Le Fonti IAIR AWARDS®
Le Fonti IAIR Awards® is one of the world’s leading ranking systems and hosts award ceremonies in Excellence in Innovation & Leadership. It is made up of the scientific committee of IAIR® and IAIREVIEW.org along with a team of dedicated legal, economic and financial journalists in over 120 countries worldwide.

The IAIR Awards® is focused on Excellence in Innovation & Leadership and in particular in the following categories: Green Economy, Alternative Investments, Business Opportunities, Global Corporate Excellences, FX, ETFs and Commodities, Law, Asset Management, Family Office and Wealth Management, Philanthropy, Private Equity, Real Estate and Property, Succession Planning and Family Businesses. For more information, please visit: http://iairawards.com/.

Delray Beach Oriental Rug Cleaning Antique Persian Carpet Services Launched

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Delray Beach Oriental Rug Cleaning Pros, a Delray Beach luxury rug cleaning company available at Delray Beach, announced a variety of delicate fiber rug care services. The company provides cleaning, repair and restoration for oriental, Chinese, Indian, Persian, Flokati and many other rugs.

Delray Beach Oriental Rug Cleaning Pros, a luxury rug cleaning company based in Delray Beach, Florida, launched a wide range of delicate fiber rug cleaning services.

More information can be found at http://delraybeachorientalrugcleaning.com.

Rug cleaning is essential for removing allergens and underlying residues that typically accumulate inside indoor floor cover materials. Pet owners in particular are often confronted with hair and fur accumulations that can cause a variety of health problems, especially for families with young children.

While standard carpets can be cleaned without professional assistance, luxury rugs such as oriental, Persian, Chinese, Indian, antique and others require professional cleaning to prevent damage and ensure effective residue removal.

Delray Beach Oriental Rug Cleaning Pros launched a wide range of updated delicate fiber rug cleaning, restoration and repair services for clients looking for professional rug care.

The company works with professional experts to help clients clean and restore a variety of luxury or delicate fiber rugs. Delray Beach Oriental Rug Cleaning Pros provides extensive services for oriental, Persian, Chinese, Indian, tribal, Flokati, Karastan, Kilim and other types of rugs.

Before commencing the cleaning process, the company assesses a variety of factors related to the client’s rug, including materials used, types of dye applied, knotting techniques and many others. A careful custom hand-cleaning procedure is applied to the rug, depending on the specificities of each individual piece.

The company works with professional luxury rug experts to provide complete cleaning and restoration for a variety of rugs, including those made of sensitive silk. Delray Beach Oriental Rug Cleaning Pros also provides rug dye restoration and repair services for clients looking to remedy any existing issues with their sensitive fiber rugs.

The company also provides stain removal services for all types of luxury or delicate fiber rugs.

Interested parties can find more information by visiting the above-mentioned website.

Contact Info:
Name: Steve Gonzalez
Organization: Delray Beach Oriental Rug Cleaning Pros
Address: 4801 Linton Blvd Ste 11A-431, Delray Beach, Florida 33445, United States
Phone: +1-561-475-1212

For more information, please visit http://www.delraybeachorientalrugcleaning.com

Source: PressCable

Release ID: 180997

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Boynton Beach Oriental Rug Cleaning Antique Persian Carpet Services Launched (Wed 29th Mar 17)

Boynton Beach Oriental Rug Cleaning Antique Persian Carpet Services Launched

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Boynton Beach Oriental Rug Cleaning Pros, a Boynton Beach luxury rug cleaning company available at +1-561-475-1995, launched a wide range of delicate fiber rug care services. The company offers complete cleaning, repair and restoration for oriental, Chinese, Indian, Persian, Flokati, silk and many other rugs.

Boynton Beach Oriental Rug Cleaning Pros, a luxury rug cleaning company based in Boynton Beach, Florida, announced a variety of delicate fiber rug cleaning, repair and reconditioning services.

More information can be found at http://boyntonbeachorientalrugcleaning.com.

As allergens, bacteria and residues typically accumulate in the deep layers of rugs, carpets and other floor covers, routine rug cleaning is essential. Dust and bacteria accumulations can pose particularly serious health issues for families with young children, especially if they are also confronted with hair and fur accumulations from different house pets.

Most carpets can be cleaned without professional assistance, though home deep cleaning is often difficult. However, luxury and delicate fiber rugs such as oriental, Persian, silk and others require professional care to ensure safe and thorough cleaning.

Boynton Beach Oriental Rug Cleaning Pros launched a variety of updated delicate fiber rug cleaning, restoration and repair services for clients in Boynton Beach and the neighboring area.

Working with professional rug experts, the company strives to help clients clean, restore and repair a wide range of delicate fiber rugs. Boynton Beach Oriental Rug Cleaning Pros offers complete cleaning and maintenance services for oriental, Persian, Chinese, Indian, tribal, Flokati, Karastan, Kilim, wool, silk and other rug types.

Prior to beginning the cleaning procedure, the company undertakes a complete assessment of each individual rugs. Factors such as materials, types of dye, knotting techniques and others are carefully considered before deciding on the appropriate custom hand-cleaning procedure.

To provide safe and complete cleaning, repair and restoration services, the company works with certified professional luxury rug experts. Boynton Beach Oriental Rug Cleaning Pros also offers rug dye restoration and repair services, helping clients effectively address any potential issues with their sensitive fiber luxury rugs.

Striving to provide comprehensive rug care solutions, the company also provides stain removal services for all types of delicate fiber rugs.

Interested parties can find more information by visiting the above-mentioned website.

Contact Info:
Name: Steve Gonzalez
Organization: Boynton Beach Oriental Rug Cleaning Pros
Address: 6615 W Boynton Beach Blvd Ste 138, Florida 33437, United States
Phone: +1-561-475-1995

For more information, please visit http://www.boyntonbeachorientalrugcleaning.com

Source: PressCable

Release ID: 181182

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