Category Archives: Business and Finance

Affiliate With The Best Of Them And Make Some Money In The Process

Internet marketing can be a lucrative business that you can do without leaving your home. Before you get started, you need to learn the basics so that you will be able to achieve success. This article will share techniques and information that other affiliate marketers have found effective.

Once you have proven your worth as a partner, try to negotiate a higher commission. If you have shown to generate lots of sales and are a good marketer, the program will be more inclined to give you more money in order to keep you on as an affiliate.

Think about adding secret links to your content. There are different ways to include links to affiliate products without making it too obvious. Be honest, but carefully consider all possible options for placement. Inform your readers of the context surrounding the links so they will not be caught off guard.

Site Visitors

If someone is visiting your site for sports information, that’s what they’re interested in finding. An affiliate site that is completely unrelated to sports is unlikely to attract site visitors. If a link is related to topics your site visitors enjoy, there is a greater chance they’ll be interested in the link.

Acquiring many backlinks is a necessary part of optimizing your online marketing website, but never deceive people by leading them to content they’re not expecting. If you put a link up that says where it is going make sure it goes there! Even if you’re some sort of marketing genius, there’s no way to smooth over the annoyance that will result from this shady strategy.

Only promote a product that you can stand behind. When you recommend something, it reflects on you and ultimately your business. The kinds of products you offer will help or harm your ability to gain the respect and trust of your customers. If you want to keep good customers, you have to promote excellent, fairly priced products.

It is always a good idea to make a deadline on the purchase of some affiliate products. If potential customers see only a small time window for a hot product, they will be more apt to buy it. Using deadlines and specials is a good way to boost sales.

Don’t clutter up your site with too many banner ads. They will make your site look unprofessional and it will make people not want to come back. If you use banners, make sure that they enhance your site, and not detract from the content in it.

If a company is offering 100% commission, it is not necessarily a scam. Before you completely ignore this opportunity, read the details. This number is generally offered because you only pay upfront sales while they keep the subscription profits. Read the fine print when you find an offer that resembles this kind of program, as it could be just the program for you.

Affiliate marketers need to keep sound goals in mind. Do not become complacent when you start gaining a little bit of income. Never be satisfied with settling, always work hard to to improve on what you have. If you begin to generate money from your blog, you should try starting a second blog. What’s important is that you should always strive for more.

With this article, we hope you have learned how you can start or enhance your affiliate program to increase your bottom line. Even though you have this new information, you should still remain caught up with the latest information about online marketing so that you are certain to have the best results. You can use affiliate promotion for additional income, along with what products are being sold on your own site! You will tackle two problems with one solution. “

Washington DC Metro Strongest Economy – Again

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PALM CITY, Fla., May 31, 2012 /PRNewswire/ – For the second year in a row, the Washington DC metropolitan area ranked as the strongest local economy in the United States in POLICOM’s annual “economic strength” rankings. With an expanding federal government as its economic anchor, the metropolitan area has been virtually immune to the national recession. 

The Des Moines, IA metropolitan area placed 2nd in the rankings driven by the expansion of the Finance and Insurance sector.

POLICOM annually ranks the 366 Metropolitan Statistical Areas and 576 Micropolitan Statistical Areas in the United States for “economic strength” to enable POLICOM to study the characteristics of strong and weak economies in the country. 

For the economic strength rankings for all areas, go to http://www.policom.com.

Concord, the capital of New Hampshire, is top among the 576 “Micropolitan” areas. Micropolitan areas are smaller economies and do not have a city with a population greater than 50,000 people. 

The Huntsville, AL MSA improved significantly, jumping from 52nd to 16th place as a result of rapid growth in the high-wage Professional and Scientific Services sector.

“The top-rated areas have had rapid, consistent growth in both size and quality for an extended period of time,” William H. Fruth, President of POLICOM. POLICOM, located in Palm City, FL, specializes in analyzing local and state economies. 

“The rankings do not reflect the latest ‘hotspot’ or boom town, but the areas which have the best economic foundation,” Fruth continued.

The study measures 23 different economic factors over a 20-year period to create the rankings. The formulas determine how an economy has behaved over an extended period of time. Data stretching from 1991 to 2010 was used for this study. 

POLICOM has created this study each year since 1997.

The following are the 10 strongest Metropolitan and Micropolitan areas.

2012 Ten Strongest Metropolitan Areas

1 Washington-Arlington-Alexandria, DC-VA
2 Des Moines-West Des Moines, IA
3 Seattle-Tacoma-Bellevue, WA
4 Nashville-Davidson-Murfreesboro-Franklin, TN
5 Austin-Round Rock-San Marcos, TX
6 Salt Lake City, UT
7 Madison, WI
8 Kansas City, MO-KS
9 Sioux Falls, SD
10 San Antonio-New Braunfels, TX

2012 Ten Strongest Micropolitan Areas

1 Concord, NH
2 Helena, MT
3 Lexington Park, MD
4 Gillette, WY
5 Sheridan, WY
6 Durango, CO
7 Watertown-Fort Drum, NY
8 Lebanon, NH-VT
9 Bozeman, MT
10 Grand Island, NE

Contact:

William H. Fruth
POLICOM Corporation
772-781-5559
http://www.policom.com
fruth@policom.com

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE POLICOM Corporation

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RELATED LINKS
http://www.policom.com


PR Newswire: General Business

Medical Device Coatings & Endoscopy Devices Markets Analyzed in New Research Reports

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DALLAS, May 31, 2012 /PRNewswire/ –

ReportsnReports.com adds following new market research reports on Medical Device Coatings and Endoscopy Devices:

A. Medical Device Coatings

This study examines the medical device coating and surface modification treatment industry, a global enterprise that this report anticipates will reach nearly $ 8 billion by 2017. It looks at medical device coatings and surface treatments from the perspective of both the supply and demand side of the equation, that is from coating manufacturers who supply the materials, the medical device companies which use it and the members of the healthcare that influence purchases.

Consistent with the scope of the study, the format of this report is arranged to present its five-year forecasts as a series of tables.  Each of those tables presents U.S. current dollar demand values for coatings and surface processes for 2010 and 2011 and a five-year period from 2012 through 2017.  Separate sets of forecasts are presented for the:

  • Eight types of coatings and surface treatment technologies.
  • 19 healthcare areas that correspond to FDA medical device review panels.
  • United States, European Union, other developed nations and the rest of the world.

The global medical device coating market reached $ 4.8 billion in 2010 and $ 5.4 billion in 2011. The market is expected to grow from $ 5.7 billion in 2012 to nearly $ 8 billion in 2017, a five-year compound annual growth rate (CAGR) of 6.7%.  The United States market for medical device coatings reached $ 2.7 billion in 2011, is expected to reach nearly $ 3 billion in 2012, and should total nearly $ 4.4 billion by 2017, a five-year CAGR of 8.1%.  The European Union market for medical device coatings reached $ 1.3 billion in 2011, is expected to reach $ 1.4 billion in 2012, and should surpass $ 2 billion in 2017, a five-year CAGR of 7.0%.

Get your copy of this report @  http://www.reportsnreports.com/reports/162908-medical-device-coatings.html.

This report presents forecasts for the seven basic types of coatings plus surface treatment technologies.  Coatings are grouped on the basis of their most distinguishing chemical or physical characteristic.  Surface treatments are defined as those processes that alter the surface of a device without adding a chemical or physical agent.  For example, we characterize chrome plating as a type of alloy coating, rather than a surface treatment.  The eight types of technology addressed in this study are:

  •     Alloy.
  •     Ceramic.
  •     Combination.
  •     Energy-absorbing.
  •     Energy-emitting.
  •     Micro and nano.
  •     Protective polymer.
  •     Surface treatment.


HEALTHCARE AREAS


Our forecasts by healthcare area follow the disciplinary divisions used by the FDA in creating its medical device review panels.  The 19 healthcare areas are:

  •     Anesthesiology.
  •     Cardiovascular.
  •     Chemistry.
  •     Dental.
  •     Ear, nose and throat.
  •     Gastroenterology and urology.
  •     General and plastic surgery.
  •     General hospital use.
  •     Hematology.
  •     Immunology.
  •     Microbiology
  •     Neurology.
  •     Obstetrics and gynecology.
  •     Ophthalmology.
  •     Orthopedics.
  •     Pathology.
  •     Physical medicine.
  •     Radiology.
  •     Toxicology.

B. Global Endoscopy Market by Product, Application & Technology (2011- 2016)

The endoscopy market research report provides comprehensive analysis on global market of endoscopy by products/devices, applications, and technology. Each of the market segments are further drilled down at granular level to provide in-depth information on the global scenario.

Get your copy of this report @  http://www.reportsnreports.com/reports/162562-global-endoscopy-market-by-product-application-technology-2011-2016-.html.

Global Endoscopy Market, By Products

  • Rigid Endoscopes

    • Arthroscopy
    • Laparoscopy
    • Urology
    • Gynaecology
    • Neuroendoscopy
    • General Surgery & Others
  • Flexible Endoscopes
    • Laryngoscopy
    • Rhinoscopy
    • Pharyngoscopy
    • Sigmoidoscopy
    • Colonoscopy
    • Gastroscopy/Enteroscopy
    • Bronchoscopy
    • Cystoscopy
    • Laparoscopy & Others
  • Endoscopy Visualization Systems
    • Endoscopic Cameras
    • Endoscopic Light Sources
    • Wireless Displays, Monitors, Transmitters & Receivers
    • Voice Activation & Device Control
    • Medical Grade Digital Printers & Others
  • Endoscopic Ultrasound (EUS)
  • Endoscopy Fluid Management Systems
  • Endoscope Accessories
    • Carts
    • Light Cables
    • Channel Cleaning Brushes/Cleaning Brushes
    • Mouthpieces
    • Biopsy Valves
    • Suction Polyp Trap
    • Quick Catch Polyp Trap
    • Distal Attachment
    • Spray Catheters
    • Overtubes
    • Fluid-Flushing Devices
    • Couplers And Splitters
    • Biopsy Forceps
    • Snares
    • Needle Holders/Needle Forceps
    • Surgical Dissectors & Others

Global Endoscopy Market, By Applications

  • Gastrointestinal (Gi) Endoscopy
  • Respitaory Tract Endoscopy (Bronchoscopy)
  • Ear Endoscopy (Otoscopy)
  • Urinary Tract Endoscopy (Cystoscopy)
  • Laparoscopy
  • Arthroscopy
  • Mediastinoscopy
  • Aminoscopy
  • Fetoscopy
  • Panendoscopy
  • Obstetrics/Gynaecology & Others

Global Endoscopy Market, By Technology

  • Robotic Endoscopes
  • Pillcam Technology (Capsule Endoscopy)
  • Narrow Band Imaging (Nbi) Technology
  • Picture Archiving & Communications System (Pacs) Technology
  • Natural Orifice Transluminal Endoscopic Surgery (Notes)
  • Mucosal Ablation Therapy
  • Chromoendoscopy

Find other newly published market research reports @ http://www.reportsnreports.com/latest-market-research.aspx.

About Us:

ReportsnReports.com (http://www.reportsnreports.com/) is an online market research reports library of 175,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.

Contact:
Priyank Tiwari
TX, Dallas North – Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252
Tel: +1-888-391-5441
sales@reportsandreports.com
Explore Company Profiles, SWOT Analysis Reports, Micro Markets & Country specific reports @ http://www.marketreportsonline.com/.

SOURCE ReportsnReports

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PR Newswire: General Business

Making Online Marketing Do The Work For You.

You can earn extra income easily through affiliate marketing programs. Before you get started, you need to learn the basics so that you will be able to achieve success. The information presented here has been used by others to generate success.

When choosing affiliate products to promote, see how each company tracks sales coming from your efforts, that don’t go through the site directly. If you bring the company customers that choose to order via mail or phone, you can lose out on commissions unless those orders are somehow linked back your current affiliate ID.

Be honest about your affiliate relationships. When you are doing affiliate promotion, remember that honesty is important. Explaining to your readers why you are subscribing to online marketing programs will help them see how the products are related to the content of your website.

Text Services

Text services can help affiliates earn more commissions. Text services offer a lot of flexibility. You can use it for promotional purposes or to touch base with customers about existing products.

Only choose affiliates that are reputable and are fair. If your affiliate company isn’t offering you at least 20% of the proceeds from each sale, dump ‘em. A good affiliate partner will reward you well for solid sales.

Every affiliate program is different. The amount of flexibility can vary as well as product variation.

There are many different options for partners in affiliate marketing and each has their own positives and negatives. Many sites are not well designed, so they are hard to navigate. The website owners will wrangle in customers with tips and advice. This is a good way to build trust and help your visitors enjoy their visit to your website.

Don’t select an affiliate program without first determining who your audience will be and what their needs are. This will benefit you by raising the traffic to your site, as well as showing your visitors that you know what they need, and will be able to provide it for them.

Tracking System

There are some vendors who may attempt to scam you. They do this by persuading you to utilize their tracking system. Do your own homework and use a tracking system that has a strong reputation behind it.

To be a good affiliate marketer, you should write a newsletter that makes users more likely to want to be on your site’s mailing list. When email first came into being, people enjoyed receiving them. Nowadays, people are weary of the constant stream of spam, so you have to make sure that your newsletter is something they genuinely want to see.

It is not helpful to put all your work into only a couple of web marketing campaigns. Market a variety of products or services for a variety of vendors. Having a broad audience, and an equally broad product line, ensures that you never miss a potential sale. If you need to make changes and remove a product, your losses will be lessened. If you are not advertising just as many products as you can comfortably handle, look for more.

Affiliate Promotion

You need to make sure that your site is relevant to be successful with affiliate promotion. It is important to stay current on new tools offered by your affiliate programs. There are always new tools coming out that will improve all affiliate promotion programs and that will improve the look of your adds.

Hopefully, you feel more comfortable with your affiliate marketing endeavor now that you have read through this article. Make sure to constantly read up on the newest developments in affiliate promotion to get the most out of your efforts. You can supplement the profits you are generating by selling products and services on your site by using affiliate promotion. You will achieve multiple objectives this way. “

Jerry Cosgrove Urges Greater Assistance to Young, First-Time Farmers

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NEW YORK, May 15, 2012 /PRNewswire/ — Young farmers are facing many obstacles in establishing and growing their operations. From a lack of land to a lack of capital, they must overcome a variety of hurdles before enjoying the fruits of their labor. Jerry Cosgrove, an agricultural expert, knows that these farmers need more support. As such, he is encouraging people to assist the next generation of farmers in several ways.

NewarkAdvocate.com reports that a recent event has shed light on the needs of today’s young farmers. Hosted by Granville High School environmental classes and the Ohio Ecological Food and Farm Association’s Heart of Ohio Chapter, this event gathered several young farmers in an effort to showcase the challenges that these professionals face in today’s world. The hurdles they must overcome to create viable farms and successful businesses are many—and Jerry Cosgrove, agricultural expert, is bent on improving the odds of their success. As such, Jerry Cosgrove is urging people and politicians to show their support.

The aforementioned article asserts that, “Shopping at local farmers markets, joining community-supported agriculture food subscription suppliers, and urging local and national legislators to support policies and programs supporting beginning farmers were suggested as ways to help them.” Given the long list of challenges that young farmers face—lack of capital, lack of land, lack of professional mentors, etc.—every bit of support that today’s newest farmers receive is a major milestone.

The event that took place considered the fact that farmers have to feed more people than ever before. With a booming population, the strain on farms to produce high quantities of food has never been stronger. But with little support, the next generation of farmers is going to find it exceedingly difficult to keep up with demand.

Jerry Cosgrove asserts that this is an issue that needs to be addressed on a variety of levels. First, people need to support local farmers in any way that they can. The aforementioned farmers markets are wonderful places to shop for locally grown foods. However, this alone is not going to make things easier for today’s young farmers. Jerry Cosgrove is calling for the government to get involved in an attempt to make the key items farmers need—land and money—more accessible.  

“Younger farmers need greater access to training and mentoring, capital, and land,” commented agricultural expert Jerry Cosgrove. “It is time for all levels of government, as well as philanthropy, to step up and develop policies and programs that create a pathway for these motivated young farmers to farm on their own. We need changes to national farm policy and the tax code that break down barriers and create incentives to provide more opportunities for the next generation.”

ABOUT:

An agricultural expert, Jerry Cosgrove works at the New World Foundation as Associate Director of the Local Economies Project. This project enables him to contribute to finding sustainable agricultural solutions in the Hudson Valley region. Jerry Cosgrove is nationally recognized expert on farm estate planning and has dedicated his career to helping the agricultural industry keep up with modern demand while maintaining sustainable and resilient farming operations.

SOURCE Jerry Cosgrove

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PR Newswire: General Business

Pacific Coal Resources Ltd. announces first quarter 2012 financial results

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TORONTO, May 31, 2012 /PRNewswire/ – Pacific Coal Resources Ltd. (TSXV: PAK) has filed on May 30, 2012 its unaudited consolidated financial statements for the three months ended March 31, 2012, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. These documents will be posted on the Company’s website at www.pacificcoal.ca and are available under the Company’s profile at www.sedar.com.

Luis Carvajales, Chief Executive Officer, commented: “We have been proceeding according to plan on both of our producing thermal coal properties – La Caypa and Cerro Largo. Our production and stripping ratios would be in line with our full-year 2012 projections had we not experienced unforeseen and unavoidable production disruptions in the first quarter of 2012. These disruptions, while handled admirably by our personnel, did cost the Company some production. With those situations resolved, we remain committed to lowering our operating costs, improving our stripping ratios, and boosting our production. We are confident that we will achieve all three of these objectives in the coming quarters.”

Financial and Operating Summary

A summary of the financial and operating results for the three months ended March 31, 2012 and 2011 is as follows:

  First Quarter
(000′s except per share and operating data) 2012 2011
     
Operational    
Tonnes of coal produced 317,070 361,772
Average stripping ratio – operations 10.83:1 7.10:1
Tonnes of coal sold 257,123 380,868
Average realized price per tonne sold $      103.27 96.92
Operating margin per tonne sold (1) (27.19) 16.97
     
Financial    
Revenues $      28,424 $      36,915
Gross margin (2) (9,056) (5,843)
Net (loss) earnings attributed to shareholders (21,106) (36,465)
Basic and fully diluted (loss) earnings per share (0.07) (0.16)
Total cash 4,176 11,062
Total assets 375,008 437,274
Total debt (3) 38,963 18,643
(1)  “Operating margin per tonne sold” – see additional financial measures in MD&A.
(2)  “Gross margin” represents total revenues, net of operating costs, transportation and port services costs, selling costs, mine disruption costs, depreciation, depletion and amortization, and impairment charges related to inventory.
(3)  Includes bank indebtedness, long-term debt (including current portion), and obligation under finance lease (including current portion).

First Quarter Highlights

  • The Company produced 317,070 tonnes of coal during the first quarter of 2012. Production at the Cerro Largo mine reached 131,895 tonnes, representing an increase of more than 50% over the previous quarter. Production at La Caypa of 185,175 tonnes was negatively impacted by a two week disruption at the mine resulting from an illegal work stoppage by employees of the mine contractor which resulted in lost production of approximately 75,000 tonnes.
  • The Company completed 90% of its planned drilling program at the La Caypa, Cerro Largo and C.I. Jam properties. Updated NI 43-101 compliant technical reports in respect of the Company’s properties are currently in progress and are expected to be released between the third and fourth quarters of 2012.

Q1 2012 Production at La Caypa

  Production of Coal
(metric tonnes)
Waste
(bcm (1))
Strip Ratio
Actual Pit 185,175 1,297,248 7.01:1
South Pit - 321,424 NA
Total 185,175 1,618,672 8.74:1

(1)   ”BCM” is Bank Cubic Metres

During the first quarter of 2012, the Company produced 185,175 tonnes at La Caypa completing 87% of its planned production for the quarter, despite a two week blockade as a consequence of an illegal strike by employees of a mine subcontractor (see Pacific Coal press releases dated January 30, 2012 and February 6, 2012). Operational stripping ratios at La Caypa are consistent with the first quarter of 2011, which was a historical low. Total stripping ratios at La Caypa now reflect waste volumes moved from the south pit.

Q1 2012 Production at Cerro Largo – La Divisa

  Production of Coal
(metric tonnes)
Waste
(bcm (1))
Strip Ratio
Total 131,895 2,135,468 16.19:1

(1) ”BCM” is Bank Cubic Metres

In the first quarter of 2012, the Company made substantial progress at Cerro Largo in both production and reduction of strip ratio. Production was up over 50% from the previous quarter, improving to 131,895 tonnes from 87,297 tonnes in the fourth quarter of 2011, while the stripping ratio was reduced by 9% to 16.19:1 from 17.72:1 in the fourth quarter of 2011, marking the third consecutive quarter of declining stripping ratios.

The Company experienced some logistical disruption at Cerro Largo associated with the collapse of a bridge on the route on December 26, 2011, which forced an additional 200 kilometre detour until February 21, 2012. However, the cost impact was mitigated and transport ensured by the utilization of the Company’s own truck fleet. Additional fuel and transportation charges for the first quarter of 2012 at Cerro Largo as a result of this disruption totaled $ 2.83/tonne.

Coal sales during the first quarter of 2012 from La Caypa, Cerro Largo and third party production totaled 260,495 tonnes.

CI Jam Operations in Q1 2012

Metallurgical Coal Q1 2012 Tonnes Q4 2011 Tonnes
   Third Party Purchases 14,645 23,400
   Company Production 1,123 1,618
 
Coke Operation Q1 2012 Tonnes Q4 2011 Tonnes
   Metallurgical Coke Produced 10,547 7,266
   Metallurgical Coke Sales 4,796 2,361

Outlook and Revised Production Guidance

As a result of the production shortfalls in the first quarter of 2012, 2012 production at La Caypa is expected to be 1.3 million tonnes, including coal from the South Pit expansion, down from previously released guidance of 1.4 million tonnes.

At Cerro Largo, commissioning of additional equipment by the operator will allow the Company to increase production from this mine, however due to footwall instability in conjunction with heavy rainfall, planned 2012 production has been reduced from 800,000 tonnes to 700,000 tonnes.

The Company’s total 2012 forecasted production is 2.0 million tonnes, a projected 40% increase from 2011 production.

The Company continues to focus on initiatives to reduce costs during 2012 and realized savings in general and administrative costs of more than 10% in the first quarter of 2012 as compared to the previous quarter. General and administrative expenses are expected to decline further in 2012. In addition, the Company has commenced a strategic review of each of its operations to identify further cost savings.

NCIB Update

As at May 30, 2012, approximately 11.2 million shares had been purchased for cancellation under the normal course issuer bid, previously announced on July 4, 2011. The Company currently has 322.1 million shares outstanding. To date, the Company has repurchased approximately 3% of its issued and outstanding common shares for cancellation.

About Pacific Coal Resources Ltd.

Pacific Coal Resources Ltd. is a Canadian-based mining company focused on coal, coking coal, asphalt and asphaltite exploration, development and production from producing, development-stage and exploration-stage properties in Colombia. The Company has acquired or entered into agreements to acquire various interests in several operating coal mines and projects, representing a substantive coal and asphaltite exploration and production area throughout Colombia. Pacific Coal is committed to implementing its exploration and development strategy with a comprehensive environment, safety and community program, meeting international standards of best practice.

Forward Looking Information:

This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Pacific Coal to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Pacific Coal disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Pacific Coal Resources Ltd.

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PR Newswire: General Business

What You Can Do In Achieving Affiliate Marketing Success

If you have a knack for finding a niche, you might be a great affiliate marketer. With thousands of companies and millions of products to choose from, you can be an affiliate for any type of business you choose. However, you will first need to know more about affiliate marketing. We will cover some vital information in this article.

Things that are very wanted will be a deal breaker for your success. It is important to note that the popularity of a product is not necessarily a viable indicator of its quality. There is fierce competition for really popular items. Finding a profit in a crowded marketplace may be difficult or even impossible.

It is easy for affiliates to lose track of work that needs to be accomplished when it is sent via email. Instead of going back to your mail box, write down the task you are supposed to accomplish. This will give you one master document that you can reference.

An excellent tip for affiliation is to set a certain deadline for purchasing an affiliate product. If visitors think that time is running out, they might feel encouraged to buy the product before time expires. This method can be highly effective in ringing up sales.

Look for a company with a high rate of sales conversion when choosing a affiliate program. If you use 1% of sales to visitors as a benchmark for conversion, that should be acceptable.

Consider the peripherals when you are establishing affiliate links on the pages of your website. Consider a strapped water bottle so they will have the option to bring it out.

Review any referral programs offered by your affiliate promotion partners. If you bring others into their business they may reward you! Some even offer commissions for referrals. If your business is in an emerging market or you are active in an industry group, you may be positioned to effectively refer an internet marketing company.

You should be honest with your users about the affiliations you have. Readers appreciate honesty and will opt to assist you earn money when they know this.

It is important that your potential customers find you trustworthy. Your links must not be too over the top. If your marketing campaign is good, your customers will view you as something more than just an affiliate.

Don’t put excessive banners on your website. A website stuffed with advertisements is not one that welcomes visitors. You will drive away potential business and appear unprofessional if you load your pages down with too many ads. Make sure that there’s a lot of content compared to ads, and that the ads are out of the way and well spaced so as not to overwhelm the content.

Disclose the fact that you profit from readers clicking on affiliate links. Being honest with your customers is a great way to build long-lasting relationships with them. When you are honest about it, your readers stay loyal.

One way to boost your internet marketing commission is through contests. This will keep people coming back to your site, and the contest might even go viral.

Even a good product won’t sell itself. As this article touched on, there is a lot more that goes into marketing than you may have initially realized. Remembering these tips can help you become successful in online marketing. Do your homework and do as much as you can to apply it to your business.

Have Fun With Internet Marketing With These Tips

Beginners in affiliate marketing can be overwhelmed with the vast amount of information. A list of ideas and strategies for starting with internet marketing would be extremely beneficial. These tips in this article are designed to get your internet marketing venture off the ground.

If you want a great boost in affiliate advertising, promote through other programs that are targeting the same audience. By exposing your visitors to a number of sites that are in the same industry, you are giving them a wide choice of links to select.

At some point in your internet marketing career, you’re going to want to begin using paid advertising services like Google Ads. Purchasing ads that are specifically targeted to your keywords will trigger the interest of a proven customer base who is already quite passionate about that specific market niche. This should drive eager customers directly to your website’s doorstep.

Affiliate Companies

Go with affiliate companies that actively support their affiliates with resources that help sell the product. Affiliate companies are very smart. They research what type of marketing actually converts customers. The more established companies share this information with affiliates so they can personalize their campaigns for better sales and commissions.

It is so important to gain your readers’ trust. Readers that feel connected to you will trust the advice you give them and are far more likely to click your links.

Using real-time statistics can be very helpful. These statistics show you the number of visitors that have passed through your site, and the number of people who have made purchases.

Placing deadlines on products is a great marketing tip to implement. If your customers think they only have a limited time to get something they will be more inclined to do so. This method can be highly effective in ringing up sales.

Be truthful about affiliations. Being up front about it makes viewers more likely to accept your use of affiliate advertising to earn money to produce more content.

If you scan a ad into the website it can be easier to understand. Handwritten content adds a touch of something that people feel is more personal. Buyers love seeing that there really is a living human behind the page somewhere. If you have bad handwriting, you may consider hiring a freelance writer to pen your ad.

Creating a thrilling newsletter that grabs the attention of your reader will make readers interested in joining your mailing list. When the internet was young, people were excited to get email. But these days, people are more protective of their email addresses so that their inboxes do not fill up with spam. Therefore, it can be very helpful to make your newsletter as appealing as possible.

Transparency with your readers is vital to success in web marketing. You must tell the truth to build a customer base. This encourages readers to use your links, earning you credit.

To be a successful in web marketing, it is very crucial that you remain relevant. Be assured that you are kept abreast of everything your affiliate have to propose. New and improved techniques are constantly being introduced into the world of affiliate promotion, resulting in increased effectiveness and the ability to better entice potential customers.

Affiliate Promotion

As you can see from the above list of tips, affiliate promotion can be very useful in getting your products and services the exposure that they need and deserve. After following these tips, you will no longer be new to affiliate promotion, you will be an web marketing expert!

LIONSGATE REPORTS REVENUE OF $645.2 MILLION, EBITDA OF $6.8 MILLION, ADJUSTED EBITDA OF $30.0 MILLION AND NET LOSS OF $22.7 MILLION OR $(0.17) PER BASIC SHARE IN THE FOURTH QUARTER OF FISCAL 2012

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Fourth Quarter Results Impacted by $ 38 Million of Transaction and Purchase Accounting Costs Associated With Acquisition of Summit Entertainment and $ 13 Million in Increased Stock Appreciation Rights (SARS) Related to Stock Price Increase

SANTA MONICA, Calif. and VANCOUVER, British Columbia, May 30, 2012 /PRNewswire/ – Lionsgate (NYSE: LGF) today reported revenue of $ 645.2 million, EBITDA of $ 6.8 million, adjusted EBITDA of $ 30.0 million and net loss of $ 22.7 million or $ (0.17) per share for the fourth quarter of Fiscal 2012 (quarter ended March 31, 2012).

Revenue of $ 645.2 million in the fourth quarter increased by 71% compared to $ 376.9 million in the prior year quarter, driven by theatrical revenue of the global blockbuster THE HUNGER GAMES’ first eight days in North American theatrical release, the home entertainment release of THE TWILIGHT SAGA: BREAKING DAWN – PART 1 and strong television and library revenues.

EBITDA of $ 6.8 million and adjusted EBITDA of $ 30.0 million in the fourth quarter compared to EBITDA of $ 63.0 million and adjusted EBITDA of $ 67.9 million in the prior year quarter and net loss of $ 22.7 million in the fourth quarter compared to net income of $ 48.7 million in the prior year quarter due in part to $ 38 million in transaction and purchase accounting costs associated with the January 2012 acquisition of Summit Entertainment, including $ 12 million in transaction and severance costs and a $ 26 million impact on the profitability of the home entertainment release of THE TWILIGHT SAGA: BREAKING DAWN – PART 1 due to the application of purchase accounting required by GAAP.

Fourth quarter results were also affected by theatrical marketing costs for four releases in the quarter, including THE HUNGER GAMES, an additional $ 16 million in advance theatrical marketing costs for fiscal 2013 film releases and $ 13 million in increased stock appreciation rights (SARS) related to the increase in the Company’s stock price in the quarter.  There were no theatrical releases with marketing costs in the prior year quarter.

Increased interest expense along with the factors affecting EBITDA discussed above contributed to the net loss in the quarter. 

Television And Filmed Entertainment Library Revenues Hit Record Levels In Fiscal Year; Filmed Entertainment Backlog Reaches $ 1 Billion

The Company reported revenue of $ 1.59 billion, EBITDA of $ 45.2 million, adjusted EBITDA of $ 71.6 million and net loss of $ 39.1 million for the full fiscal year 2012 (fiscal year ended March 31, 2012).

“Fiscal 2012 was a milestone year with the acquisition of Summit Entertainment, the rollout of our record-breaking film THE HUNGER GAMES, continued growth in library revenues and the increasing profitability of our diversified television business,” said Lionsgate Chief Executive Officer Jon Feltheimer.  “With substantially all of the profitability of the first HUNGER GAMES film and this November’s release of THE TWILIGHT SAGA: BREAKING DAWN – PART 2 still ahead of us, we have great visibility and have set the stage for anticipated strong EBITDA, free cash flow and earnings in the years ahead.”

Fiscal 2012 revenues were comparable to fiscal 2011 as record television revenues of $ 397 million and theatrical revenue growth offset declines in home entertainment, international film and pay TV revenue due to a smaller theatrical slate.  Only eight days of the North American theatrical revenues of THE HUNGER GAMES, released on March 23, 2012, are included in fiscal 2012 financial results.

The Company reported EBITDA of $ 45.2 million and adjusted EBITDA of $ 71.6 million for the fiscal year compared to EBITDA of $ 33.1 million and adjusted EBITDA of $ 77.3 million in the prior year.  The increased EBITDA reflected growth in television and library profitability, reduced theatrical marketing costs, increased equity interest income and a one-time gain on the sale of Maple Pictures offset in part by the factors described above affecting the fourth quarter, including transaction and severance costs associated with the Summit acquisition and increased stock appreciation rights related to the increase in the Company’s stock price in the fourth quarter, as well as underperformance of certain films earlier in the year.

Net loss of $ 39.1 million in fiscal 2012 compared to net loss of $ 30.4 million in the prior year due to higher interest costs partially offset by the increased EBITDA discussed above.  Basic net loss per common share for the fiscal year was $ 0.30 on 132.2 million weighted average common shares outstanding, compared to basic net loss per common share of $ 0.23 on 131.2 million weighted average common shares outstanding in the prior year.

Equity interest income was $ 8.4 million in the fiscal year compared to a loss of $ 20.7 million in the prior year, with the turnaround to profitability primarily attributable to the Company’s interest in EPIX.

Filmed entertainment library revenues increased to a record $ 416 million in the fiscal year, an 11% increase from the prior year.

Lionsgate’s filmed entertainment backlog reached a record $ 1.0 billion at March 31, 2012, its sixth consecutive quarter of growth, driven in part by incorporation of the Summit Entertainment backlog.  Filmed entertainment backlog represents the amount of future revenue not yet recorded from contracts for the licensing of films and television product for television exhibition and in international markets.

Overall motion picture revenue for 2012 was $ 1.19 billion, a decrease of 3% from the prior year.  Within the motion picture segment, theatrical revenue was $ 208.9 million, an increase of 2% from the prior year, attributable to the strength of the first eight days of THE HUNGER GAMES in North American theatrical release which offset the impact of a significantly smaller overall theatrical slate compared to the prior year.

Lionsgate’s home entertainment revenue from both motion pictures and television was $ 683.5 million in the fiscal year compared to $ 690.0 million in the prior year.  Revenue from home entertainment releases of television programming increased 87% from the prior year and, coupled with the February 2012 home entertainment release of THE TWILIGHT SAGA: BREAKING DAWN – PART 1, offset declines attributable to a smaller film slate. 

Television revenue included in motion picture revenue was $ 119.9 million in the fiscal year, a decrease of 14% from the prior year.

International motion picture revenue of $ 112.9 million (excluding Lionsgate U.K.) for the fiscal year decreased 11% from the prior year due to a smaller overall theatrical slate.

Despite a smaller number of releases compared to the prior year, Lionsgate U.K. revenue grew by 28% to $ 101.5 million, driven primarily by the first eight days of THE HUNGER GAMES in UK release and THE EXPENDABLES.

Mandate Pictures’ revenue grew by 43% to $ 55.4 million in the fiscal year on the strength of titles such as 50/50, A VERY HAROLD & KUMAR 3D CHRISTMAS and YOUNG ADULT.

Television production revenue was a record $ 397.3 million in the fiscal year, an increase of 13% from the prior year driven by home entertainment releases of television programming, primarily the digital media revenue from the first four seasons of “Mad Men” and digital media revenue from the first five seasons of “Weeds.”

Digital media revenue, which is included in home entertainment revenue discussed above and includes electronic sell-through, video on demand and revenue from other digital media platforms, increased 38% in the fiscal year to $ 193 million.

Lionsgate G&A expenses in the fiscal year were $ 168.9 million, a 1% decline from the prior year as decreased costs related to shareholder activism offset one-time severance and transaction costs related to the acquisition of Summit Entertainment, higher G&A of the combined entity and increases in stock appreciation rights associated with the increase in the Company’s stock price.   

Lionsgate senior management will hold its analyst and investor conference call to discuss its fiscal year 2012 and fourth quarter financial results at 9:00 A.M. ET/6:00 A.M. PT on Thursday, May 31, 2012. Interested parties may participate live in the conference call by calling 1-800-230-1085 (612-234-9960 outside the U.S. and Canada).  A full digital replay will be available from Thursday morning, May 31, through Thursday, June 7, by dialing 1-800-475-6701 (320-365-3844 outside the U.S. and Canada) and using access code 248708.

ABOUT LIONSGATE

Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. The Company has built a significant television presence in production of primetime cable and broadcast network series, distribution and syndication of programming and an array of channel assets. Lionsgate currently has 23 shows on 16 networks spanning its primetime production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning “Mad Men,” “Weeds” and “Nurse Jackie,” along with the powerful drama “Boss,” the new network series “Nashville” and “Next Caller,” the syndication successes “Tyler Perry‘s House of Payne,” its spinoff “Meet the Browns,” “The Wendy Williams Show” and “Are We There Yet?” and the upcoming “Anger Management,” starring Charlie Sheen, and “Orange Is The New Black,” an original series for Netflix.

Its feature film business has been fueled by such recent successes as the blockbuster first installment of “The Hunger Games” franchise, which has already grossed nearly $ 650 million at the worldwide box office, “The Expendables,” “The Lincoln Lawyer,” “Cabin In The Woods,” “Tyler Perry‘s Madea’s Big Happy Family” and “Margin Call.” With the January 2012 acquisition of Summit Entertainment, the Company added the blockbuster “The Twilight Saga,” which has grossed more than $ 2.5 billion at the worldwide box office, to a slate that already included its “The Hunger Games” franchise and now has the two premier young adult franchises in the world.  Recent Summit hits include “Red,” “Letters to Juliet,” “Knowing,” the “Step Up” franchise and the Academy Award-winning Best Picture, “The Hurt Locker.”

Lionsgate’s home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 13,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company’s core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.

For further information, please contact:
Peter D. Wilkes
310-255-3726
pwilkes@lionsgate.com

The matters discussed in this press release include forward-looking statements, including those regarding the performance of future fiscal years.  Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including the substantial investment of capital required to produce and market films and television series, increased costs for producing and marketing feature films and television series, budget overruns, limitations imposed by our credit facilities and notes, unpredictability of the commercial success of our motion pictures and television programming, the cost of defending our intellectual property, difficulties in integrating acquired businesses, risks related to our acquisition strategy and integration of acquired businesses, the effects of disposition of businesses or assets, technological changes and other trends affecting the entertainment industry, and the risk factors as set forth in Lionsgate’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on May 30, 2012, which risk factors are incorporated herein by reference.  The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.

LIONS GATE ENTERTAINMENT CORP.

 

CONSOLIDATED BALANCE SHEETS










March 31,


March 31,




2012


2011






As adjusted (1)




(Amounts in thousands,




except share amounts)

ASSETS

Cash and cash equivalents


$         64,298


$       86,419

Restricted cash


11,936


43,458

Accounts receivable, net of reserve for returns and allowances of $ 93,860 (March 31, 2011 -






$ 90,715) and provision for doubtful accounts of $ 4,551 (March 31, 2011 – $ 2,427)


784,530


330,624

Investment in films and television programs, net


1,329,053


607,757

Property and equipment, net


9,772


9,089

Equity method investments


171,262


161,894

Goodwill


326,633


239,254

Other assets


90,511


46,322

Assets held for sale


-


44,336


Total assets


$  2,787,995


$  1,569,153







LIABILITIES

Senior revolving credit facility


$         99,750


$       69,750

Senior secured second-priority notes


431,510


226,331

Term loan


477,514


-

Accounts payable and accrued liabilities


371,092


230,989

Participations and residuals


420,325


297,482

Film obligations and production loans


561,150


326,440

Convertible senior subordinated notes and other financing obligations


108,276


110,973

Deferred revenue


228,593


150,937

Liabilities held for sale


-


17,396


Total liabilities


2,698,210


1,430,298







Commitments and contingencies











SHAREHOLDERS’ EQUITY







Common shares, no par value, 500,000,000 shares authorized, 143,980,754 and






136,839,445 shares issued at March 31, 2012 and March 31, 2011, respectively


712,623


643,200

Accumulated deficit


(542,039)


(502,921)

Accumulated other comprehensive loss


(3,711)


(1,424)




166,873


138,855

Treasury shares, no par value, 11,040,493 shares and nil at March 31, 2012 and 2011, respectively


(77,088)


-

Total shareholders’ equity


89,785


138,855


Total liabilities and shareholders’ equity


$  2,787,995


$   1,569,153







(1)           In the quarter ended March 31, 2012, the Company eliminated the lag in recording its share of EPIX’s results, and accordingly, for the year ended March 31, 2012, the Company has recorded its share of the net income  generated by EPIX for the twelve months ended March 31, 2012. Due to the elimination of the lag in recording the Company’s share of EPIX’s results, prior period amounts presented have been adjusted to eliminate the lag in reporting. The elimination of the lag in reporting of EPIX increased net loss recorded for the year ended March 31, 2012 by $ 1.3 million. As a result of the elimination of the lag in reporting, net loss was decreased from $ 53.6 million previously reported to $ 30.4 million for the year ended March 31, 2011 and net loss was increased from $ 19.5 million previously reported to $ 30.3 million for the year ended March 31, 2010. The change had no impact on cash flows from operating, investing, or financing activities.

LIONS GATE ENTERTAINMENT CORP.

 

ANNUAL CONSOLIDATED STATEMENTS OF OPERATIONS



















Year


Year


Year








Ended


Ended


Ended








March 31,


March 31,


March 31,








2012


2011


2010










As adjusted (1)


As adjusted (1)








 (Amounts in thousands, except per share amounts) 


























Revenues



$  1,587,579


$   1,582,720


$   1,489,506


Expenses:










Direct operating



908,402


795,746


777,969



Distribution and marketing



483,513


547,226


506,141



General and administration



168,864


171,407


143,060



Gain on sale of asset disposal group



(10,967)


-


-



Depreciation and amortization



4,276


5,811


12,455




Total expenses



1,554,088


1,520,190


1,439,625


Operating income



33,491


62,530


49,881


Other expenses (income):










Interest expense











Contractual cash based interest



62,430


38,879


27,461




Amortization of debt discount (premium) and deferred financing costs



15,681


16,301


19,701





Total interest expense



78,111


55,180


47,162



Interest and other income



(2,752)


(1,742)


(1,547)



Loss (gain) on extinguishment of debt



967


14,505


(5,675)




Total other expenses, net



76,326


67,943


39,940


Income (loss) before equity interests and income taxes



(42,835)


(5,413)


9,941


Equity interests income (loss)



8,412


(20,712)


(38,995)


Loss before income taxes



(34,423)


(26,125)


(29,054)


Income tax provision



4,695


4,256


1,218


Net loss



$        (39,118)


$   (30,381)


$    (30,272)














Basic Net Loss Per Common Share



$            (0.30)


$       (0.23)


$        (0.26)


Diluted Net Loss Per Common Share



$            (0.30)


$       (0.23)


$        (0.26)


Weighted average number of common shares outstanding:










Basic



132,226


131,176


117,510



Diluted



132,226


131,176


117,510











(1)     See footnote on Consolidated Balance Sheets table

LIONS GATE ENTERTAINMENT CORP.

 

FOURTH QUARTER CONSOLIDATED STATEMENTS OF OPERATIONS 

















Three Months


Three Months








Ended


Ended








March 31,


March 31,








2012


2011










As adjusted (1)








 (Amounts in thousands, 








 except per share amounts) 












Revenues



$             645,213


$    376,915


Expenses:








Direct operating



360,743


195,266



Distribution and marketing



204,319


85,746



General and administration



75,713


37,072



Depreciation and amortization



1,673


1,326




Total expenses



642,448


319,410


Operating income



2,765


57,505


Other expenses (income):








Interest expense









Contractual cash based interest



22,087


9,200




Amortization of debt discount (premium) and deferred financing costs



4,885


4,245





Total interest expense



26,972


13,445



Interest and other income



(892)


(660)




Total other expenses, net



26,080


12,785


Income (loss) before equity interests and income taxes



(23,315)


44,720


Equity interests income



2,407


4,149


Income (loss) before income taxes



(20,908)


48,869


Income tax provision



1,838


211


Net income (loss)



$             (22,746)


$     48,658












Basic Net Income (Loss) Per Common Share



$                 (0.17)


$         0.36


Diluted Net Income (Loss) Per Common Share



$                 (0.17)


$         0.34


Weighted average number of common shares outstanding:








Basic



131,735


136,792



Diluted



131,735


150,861









(1) See footnote on Consolidated Balance Sheets table

LIONS GATE ENTERTAINMENT CORP.

 

ANNUAL CONSOLIDATED STATEMENTS OF CASH FLOWS 














Year


Year


Year





Ended


Ended


Ended





March 31,


March 31,


March 31,





2012


2011


2010







As adjusted (1)


As adjusted (1)





(Amounts in thousands)

Operating Activities:






Net loss



$       (39,118)


$   (30,381)


$   (30,272)

Adjustments to reconcile net loss to 






net cash provided  by (used in) operating activities:







Depreciation of property and equipment

3,023


4,837


7,526


Amortization of intangible assets

1,253


974


4,929


Amortization of films and television programs

603,660


529,428


511,658


Amortization of debt discount (premium) and deferred financing costs

15,681


16,301


19,701


Accreted interest payment from equity method investee TV Guide

-


10,200


-


Non-cash stock-based compensation

9,957


29,204


17,875


Gain on sale of asset disposal group

(10,967)


-


-


Loss (gain) on extinguishment of debt

967


14,505


(5,675)


Equity interests (income) loss

(8,412)


20,712


38,995

Changes in operating assets and liabilities:







Restricted cash

37,636


(43,067)


(187)


Accounts receivable, net

(256,208)


(64,203)


(79,392)


Investment in films and television programs

(690,304)


(487,391)


(471,087)


Other assets

1,298


(298)


(4,443)


Accounts payable and accrued liabilities

29,558


3,869


(22,769)


Participations and residuals

19,813


(1,369)


(69,574)


Film obligations

87,726


19,154


(48,786)


Deferred revenue

30,969


19,852


(3,459)

Net Cash Flows Provided By (Used In) Operating Activities

(163,468)


42,327


(134,960)

Investing Activities:






Purchases of restricted investments

-


(13,993)


(13,994)

Proceeds from the sale of restricted investments

-


20,989


13,985

Purchase of Summit, net of unrestricted cash acquired of $ 315,932

(553,732)


-


-

Buy-out of the earn-out associated with the acquisition of Debmar-Mercury, LLC

-


(15,000)


-

Proceeds from the sale of asset disposal group, net of transaction costs, and cash disposed of $ 3,943

9,119


-


-

Investment in equity method investees

(1,030)


(24,677)


(47,129)

Increase in loans receivable

(4,671)


(1,042)


(1,418)

Repayment of loans receivable

-


8,113


8,333

Purchases of property and equipment

(1,885)


(2,756)


(3,684)

Net Cash Flows Used In Investing Activities

(552,199)


(28,366)


(43,907)

Financing Activities:






Exercise of stock options

3,520


-


-

Tax withholding requirements on equity awards

(4,320)


(13,476)


(2,030)

Repurchase of common shares

(77,088)


-


-

Proceeds from the issuance of mandatorily redeemable preferred stock units 







and common stock units related to the sale of 49% interest in TV Guide Network,







net of unrestricted cash deconsolidated

-


-


109,776

Borrowings under senior revolving credit facility

390,650


525,250


302,000

Repayments of borrowings under senior revolving credit facility

(360,650)


(472,500)


(540,000)

Borrowings under individual production loans

276,886


118,589


144,741

Repayment of individual production loans

(207,912)


(147,102)


(136,261)

Production loan borrowings under Pennsylvania Regional Center credit facility

-


-


63,133

Production loan borrowings under film credit facility

54,325


19,456


30,469

Production loan repayments under film credit facility

(30,813)


(34,762)


(2,718)

Change in restricted cash collateral associated with financing activities

-


3,087


-

Proceeds from Term Loan associated with the acquisition of Summit, net of debt discount of $ 7,500

476,150


-


-


and deferred financing costs of $ 16,350






Repayments of borrowings under Term Loan associated with the acquisition of Summit

(15,066)


-


-

Proceeds from sale of senior secured second-priority notes, net of deferred financing costs

201,955


-


-

Repurchase of senior secured second-priority notes

(9,852)


-


214,727

Proceeds from the issuance of convertible senior subordinated notes

45,000


-


-

Repurchase of convertible senior subordinated notes

(46,059)


-


(75,185)

Repayment of other financing obligations

-


-


(134)

Net Cash Flows Provided By (Used In) Financing Activities

696,726


(1,458)


108,518

Net Change In Cash And Cash Equivalents

(18,941)


12,503


(70,349)

Foreign Exchange Effects on Cash

(3,180)


4,674


1,116

Cash and Cash Equivalents – Beginning Of Period

86,419


69,242


138,475

Cash and Cash Equivalents – End Of Period

$       64,298


$     86,419


$     69,242








(1) See footnote on Consolidated Balance Sheets table

LIONS GATE ENTERTAINMENT CORP.

 

FOURTH QUARTER CONSOLIDATED STATEMENTS OF CASH FLOWS   













Three Months


Three Months






Ended


Ended






March 31,


March 31,






2012


2011








As adjusted (1)






(Amounts in thousands)


Operating Activities:





Net income (loss)

$             (22,746)


$                48,658


Adjustments to reconcile net income (loss) to 





net cash provided by operating activities:






Depreciation of property and equipment

640


1,242



Amortization of intangible assets

1,033


84



Amortization of films and television programs

248,449


128,845



Amortization of debt discount (premium) and deferred financing costs

4,885


4,245



Accreted interest payment from equity method investee TV Guide

-


10,200



Non-cash stock-based compensation

2,358


2,813



Equity interests income

(2,407)


(4,149)


Changes in operating assets and liabilities:






Restricted cash

19,643


(24,368)



Accounts receivable, net

(199,280)


40,836



Investment in films and television programs

(138,498)


(66,243)



Other assets

(400)


1,160



Accounts payable and accrued liabilities

81,325


(28,506)



Participations and residuals

35,654


19,800



Film obligations

35,335


36,726



Deferred revenue

(17,607)


(13,380)


Net Cash Flows Provided By Operating Activities

48,384


157,963


Investing Activities:





Purchase of Summit, net of unrestricted cash acquired of $ 315,932

(553,732)


-


Increase in loans receivable

(3,171)


(1,042)


Purchases of property and equipment

(336)


(1,569)


Net Cash Flows Used In Investing Activities

(557,239)


(2,611)


Financing Activities:





Exercise of stock options

3,369


-


Tax withholding requirements on equity awards

(1,690)


(557)


Borrowings under senior revolving credit facility

127,000


43,500


Repayments of borrowings under senior revolving credit facility

(121,750)


(198,000)


Borrowings under individual production loans

78,738


18,386


Repayment of individual production loans

(73,914)


(3,805)


Production loan borrowings under film credit facility

10,611


1,735


Production loan repayments under film credit facility

(7,295)


(3,255)


Proceeds from Term Loan associated with the acquisition of Summit, net of debt discount of $ 7,500

476,150


-



and deferred financing costs of $ 16,350





Repayments of borrowings under Term Loan associated with the acquisition of Summit

(15,066)


-


Proceeds from the issuance of convertible senior subordinated notes

45,000


-


Net Cash Flows Provided By (Used In) Financing Activities

521,153


(141,996)


Net Change In Cash And Cash Equivalents

12,298


13,356


Foreign Exchange Effects on Cash

(851)


3,485


Cash and Cash Equivalents – Beginning Of Period

52,851


69,578


Cash and Cash Equivalents – End Of Period

$               64,298


$                 86,419










LIONS GATE ENTERTAINMENT CORP.

 

RECONCILIATION OF NET LOSS TO ANNUAL EBITDA AND ANNUAL EBITDA, AS ADJUSTED 












Year


Year


Year




Ended


Ended


Ended




March 31,


March 31,


March 31,




2012


2011


2010






As adjusted (1)


As adjusted (1)




 (Amounts in thousands) 

















Net loss

$       (39,118)


$               (30,381)


$              (30,272)


Depreciation and amortization

4,276


5,811


12,455


Contractual cash based interest

62,430


38,879


27,461


Noncash interest expense

15,681


16,301


19,701


Interest and other income

(2,752)


(1,742)


(1,547)


Income tax provision

4,695


4,256


1,218

EBITDA (2)

$        45,212


$                 33,124


$               29,016










Gain on sale of asset disposal group

(10,967)


-


-


Loss (gain) on extinguishment of debt

967


14,505


(5,675)


Stock-based compensation (3)

25,014


32,505


18,823


Acquisition related charges

11,957


-


-


Corporate defense charges

(1,726)


22,865


5,668


Non-risk prints and advertising expense

1,095


(25,659)


32,126

EBITDA, as adjusted

$        71,552


$                77,340


$              79,958
















(1)

See footnote on Consolidated Balance Sheets table









(2)

The definition of EBITDA has been revised to conform strictly to the acronym of earnings before interest, income taxes, and depreciation and amortization. EBITDA as previously reported also excluded the gain on sale of asset disposal group, losses on extinguishment of debt, and equity interests.



(3)

The year ended March 31, 2011 includes $ 21.9 million in additional compensation expense associated with the immediate vesting of certain equity awards held by certain executive officers as a result of the triggering of “change in control” provisions in their respective employment agreements, which occurred on June 30, 2010.


















LIONS GATE ENTERTAINMENT CORP.

 

RECONCILIATION OF NET INCOME (LOSS) TO FOURTH QUARTER EBITDA AND

FOURTH QUARTER EBITDA, AS ADJUSTED









Three Months


Three Months




Ended


Ended




March 31,


March 31,




2012


2011






As adjusted (1)




(Amounts in thousands)














Net (loss) income

$             (22,746)


$                  48,658



Depreciation and amortization

1,673


1,326



Contractual cash based interest

22,087


9,200



Noncash interest expense

4,885


4,245



Interest and other income

(892)


(660)



Income tax provision

1,838


211


EBITDA

$                  6,845


$                  62,980









Stock-based compensation

15,282


2,530



Acquisition related charges

9,632


-



Corporate defense and related charges

(2,770)


2,416



Non-risk prints and advertising expense

1,017


(5)


EBITDA, as adjusted

$               30,006


$                   67,921




















(1) See footnote on Consolidated Balance Sheets table

EBITDA is defined as earnings before interest, income tax provision, and depreciation and amortization.  EBITDA is a non-GAAP financial measure.

EBITDA, as adjusted represents EBITDA as defined above adjusted for stock-based compensation, acquisition related charges, certain corporate defense and related charges, and non-risk prints and advertising expense. Stock-based compensation represents compensation expenses associated with stock options, restricted share units and stock appreciation rights. Acquisition related charges represent severance and transaction costs associated with the acquisition of Summit. Corporate defense and related charges represent legal fees, other professional fees, and certain other costs associated with a shareholder activist matter. Non-risk prints and advertising expense represents the amount of theatrical marketing expense for third party titles that the Company funded and expensed for which a third party provides a guarantee that such expense will be recouped from the performance of the film (i.e. there is no risk of loss to the company) net of an amount of the estimated amortization of participation expense that would have been recorded if such amount had not been expensed.

Management believes EBITDA and EBITDA, as adjusted to be a meaningful indicator of our performance that provides useful information to investors regarding our financial condition and results of operations. Presentation of EBITDA and EBITDA, as adjusted is a non-GAAP financial measure commonly used in the entertainment industry and by financial analysts and others who follow the industry to measure operating performance. While management considers EBITDA and EBITDA, as adjusted to be an important measure of comparative operating performance, it should be considered in addition to, but not as a substitute for, net income and other measures of financial performance reported in accordance with Generally Accepted Accounting Principles. EBITDA and EBITDA, as adjusted do not reflect cash available to fund cash requirements. Not all companies calculate EBITDA or EBITDA, as adjusted in the same manner and the measure as presented may not be comparable to similarly-titled measures presented by other companies.

LIONS GATE ENTERTAINMENT CORP.

 

RECONCILIATION OF ANNUAL FREE CASH FLOW

TO NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES












Year


Year


Year




Ended


Ended


Ended




March 31,


March 31,


March 31,




2012


2011


2010




 (Amounts in thousands) 









Net Cash Flows Provided By (Used In) Operating Activities


$   (163,468)


$       42,327


$   (134,960)


Purchases of property and equipment


(1,885)


(2,756)


(3,684)


Net borrowings under and (repayment) of production loans


92,486


(43,819)


36,231


Restricted cash held in trust


(13,992)


13,992


-

Free Cash Flow, as defined


$     (86,859)


$          9,744


$    (102,413)









LIONS GATE ENTERTAINMENT CORP.

 

RECONCILIATION OF FOURTH QUARTER FREE CASH FLOW

TO NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES











Three Months


Three Months





Ended


Ended





March 31,


March 31,





2012


2011





 (Amounts in thousands) 









Net Cash Flows Provided By Operating Activities


$                  48,384


$                157,963



Purchases of property and equipment


(336)


(1,569)



Net borrowings under and (repayment) of production loans


8,140


13,061



Restricted cash held in trust


-


(1,823)


Free Cash Flow, as defined


$                   56,188


$                167,632









Free cash flow is defined as net cash flows provided by (used in) operating activities, less purchases of property and equipment, plus or minus the net increase or decrease in production loans including production loan activity under the Company’s Film Credit Facility, plus or minus the net increase or decrease in restricted cash held in a trust to fund the Company’s cash severance obligations that would be due to certain executive officers should their employment be terminated “without cause,” (as defined), in connection with a “change in control” of the Company, (as defined in each of their respective employment contracts). For purposes of the employment agreements with such executive officers, a “change in control” occurred on June 30, 2010 when a certain shareholder became the beneficial owner of 33% or more of the Company’s common shares. The adjustment for the production loans is made because the GAAP based cash flows from operations reflects a non-cash reduction of cash flows for the cost of films associated with production loans prior to the time the Company actually pays for the film. The Company believes that it is more meaningful to reflect the impact of the payment for these films in its free cash flow when the payments are actually made.

Free cash flow is a non-GAAP financial measure as defined in Regulation G promulgated by the Securities and Exchange Commission. This non-GAAP financial measure is in addition to, not a substitute for, or superior to, measures of financial performance prepared in accordance with Generally Accepted Accounting Principles.

Management believes this non-GAAP measure provides useful information to investors regarding cash that our operating businesses generate whether classified as operating or financing activity (related to the production of our films) within our GAAP based statement of cash flows, before taking into account cash movements that are non-operational. Free cash flow is a non-GAAP financial measure commonly used in the entertainment industry and by financial analysts and others who follow the industry. Not all companies calculate free cash flow in the same manner and the measure as presented may not be comparable to similarly titled measures presented by other  

LIONS GATE ENTERTAINMENT CORP.

 

RECONCILIATION OF ANNUAL EBITDA

TO ANNUAL FREE CASH FLOW 












Year


Year


Year




Ended


Ended


Ended




March 31,


March 31,


March 31,




2012


2011


2010






As adjusted (1)


As adjusted (1)




(Amounts in thousands)









EBITDA

$        45,212


$                 33,124


$                 29,016










Plus: Amortization of film and television programs

603,660


529,428


511,658


Less: Cash paid for film and television programs (1)

(510,092)


(512,056)


(483,642)


Amortization of film and television programs








 in excess of cash paid

93,568


17,372


28,016










Plus: Non-cash stock-based compensation

9,957


29,204


17,875


Less: Gain on sale of asset disposal group

(10,967)


-


-


Less: Equity interests (income) loss

(8,412)


20,712


38,995


Plus: Loss (gain) on extinguishment of debt

967


14,505


(5,675)









EBITDA adjusted for net investment in film and television programs







non-cash stock-based compensation, gain on sale of asset







disposal group, equity interests (income) loss and loss (gain) on







extinguishment of debt

130,325


114,917


108,227









Changes in other operating assets and liabilities:







Restricted cash excluding funds held in trust

23,644


(29,075)


(187)


Accounts receivable, net

(256,208)


(64,203)


(79,392)


Other assets

1,298


(298)


(4,443)


Accounts payable and accrued liabilities

29,558


3,869


(22,769)


Participations and residuals

19,813


(1,369)


(69,574)


Deferred revenue

30,969


19,852


(3,459)


Accreted interest payment from equity method investee TV Guide

-


10,200


-




(150,926)


(61,024)


(179,824)










Purchases of property and equipment

(1,885)


(2,756)


(3,684)


Interest, taxes and other (2)

(64,373)


(41,393)


(27,132)









Free Cash Flow, as defined

$     (86,859)


$                   9,744


$             (102,413)

























(1)Cash paid for film and television programs is calculated using the following amounts 







as presented in our consolidated statement of cash flows:















Change in investment in film and television programs

$  (690,304)


$            (487,391)


$             (471,087)


Change in film obligations

87,726


19,154


(48,786)


Borrowings under individual production loans

276,886


118,589


144,741


Repayment of individual production loans

(207,912)


(147,102)


(136,261)


Production loan borrowings under film credit facility

54,325


19,456


30,469


Production loan repayments under film credit facility

(30,813)


(34,762)


(2,718)



Total cash paid for film and television programs

$   (510,092)


$            (512,056)


$           (483,642)

















(2)Interest, taxes and other consists of the following:















Contractual cash based interest

$     (62,430)


$              (38,879)


$              (27,461)


Interest and other income

2,752


1,742


1,547


Income tax provision

(4,695)


(4,256)


(1,218)



Total interest, taxes and other

$     (64,373)


$              (41,393)


$              (27,132)








(1) See footnote on Consolidated Balance Sheets table

 

This reconciliation is provided to illustrate the difference between our EBITDA and free cash flow which are both separately reconciled to their corresponding GAAP metrics.

LIONS GATE ENTERTAINMENT CORP.

 

RECONCILIATION OF FOURTH QUARTER EBITDA

TO FOURTH QUARTER FREE CASH FLOW 










Three Months


Three Months




Ended


Ended




March 31,


March 31,




2012


2011






As adjusted (1)




(Amounts in thousands)







EBITDA

$                 6,845


$                62,980








Plus: Amortization of film and television programs

248,449


128,845


Less: Cash paid for film and television programs (1)

(95,023)


(16,456)


Amortization of film and television programs






 in excess of cash paid

153,426


112,389








Plus: Non-cash stock-based compensation

2,358


2,813


Less: Gain on sale of asset disposal group

-


-


Less: Equity interests (income)

(2,407)


(4,149)


Plus: Loss (gain) on extinguishment of debt

-


-







EBITDA adjusted for net investment in film and television programs





non-cash stock-based compensation, gain on sale of asset





disposal group, equity interests (income) loss and loss (gain) on





extinguishment of debt

160,222


174,033







Changes in other operating assets and liabilities:





Restricted cash excluding funds held in trust

19,643


(26,191)


Accounts receivable, net

(199,280)


40,836


Other assets

(400)


1,160


Accounts payable and accrued liabilities

81,325


(28,506)


Participations and residuals

35,654


19,800


Deferred revenue

(17,607)


(13,380)


Accreted interest payment from equity method investee TV Guide

-


10,200




(80,665)


3,919








Purchases of property and equipment

(336)


(1,569)


Interest, taxes and other (2)

(23,033)


(8,751)







Free Cash Flow

$              56,188


$              167,632



















(1)Cash paid for film and television programs is calculated using the following amounts 





as presented in our consolidated statement of cash flows:











Change in investment in film and television programs

$         (138,498)


$              (66,243)


Change in film obligations

35,335


36,726


Borrowings under individual production loans

78,738


18,386


Repayment of individual production loans

(73,914)


(3,805)


Production loan borrowings under film credit facility

10,611


1,735


Production loan repayments under film credit facility

(7,295)


(3,255)



Total cash paid for film and television programs

$           (95,023)


$               (16,456)













(2)Interest, taxes and other consists of the following:











Contractual cash based interest

$           (22,087)


$                 (9,200)


Interest and other income

892


660


Income tax provision

(1,838)


(211)



Total interest, taxes and other

$           (23,033)


$                 (8,751)






(1) See footnote on Consolidated Balance Sheets table


This reconciliation is provided to illustrate the difference between our EBITDA and free cash flow which are both separately reconciled to their corresponding GAAP metrics.

SOURCE Lionsgate

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RELATED LINKS
http://www.lionsgate.com


PR Newswire: General Business

- Argosy University, Phoenix Awarded Seven Year Grant of Continued Accreditation from American Psychological Association -

Click to view news release full screen

PHOENIX, May 30, 2012 /PRNewswire/ — Argosy University, Phoenix is pleased to announce that it has been awarded seven years continued accreditation for its Doctor of Psychology (PsyD) in the Clinical Psychology Program by the American Psychological Association (APA). This is the maximum number of years continued accreditation that can be awarded by the APA.

“Accreditation by the APA reflects the highest standard a program can achieve at the doctoral level. This accreditation, which is the gold stamp of approval from the APA, reflects the strength and quality of the faculty, the curriculum and the program at our campus,” says Dr. Norma Patterson, Vice President of Academic Affairs for Argosy University, Phoenix.

The APA Commission on Accreditation (APA-CoA) is recognized by both the U.S. Department of Education and the Council of Higher Education Accreditation, as the national accrediting authority for professional education and training in psychology.

About Argosy University

Argosy University (www.argosy.edu), with 28 campus locations in 13 states and online, is a private academic institution dedicated to providing undergraduate and graduate degree programs to students through its seven colleges: Psychology and Behavioral Sciences, Business, Education, Health Sciences,  Undergraduate Studies, The Art Institute of California and Western State College of Law.  With one of the largest communities of graduate students in the nation, Argosy University offers doctoral and master’s degree programs in Psychology, Business, Counseling and Education.  The institution offers bachelor’s degree programs in Psychology, Business, Liberal Arts and Criminal Justice and, through The Art Institute of California, serves as an important source of education for design, media arts, fashion and culinary arts students and professionals. Degree levels and programs offered vary by location. Full and part-time law programs are offered through Western State College of Law.  Argosy University is accredited by the Accrediting Commission for Senior Colleges and Universities of the Western Association of Schools and Colleges (985 Atlantic Avenue, Suite 100, Alameda, California, 94501, http://www.wascsenior.org). Licensed by the Florida Commission for Independent Education, License No. 2610. See auprograms.info for program duration, tuition, fees, and other costs, median debt, federal salary data, alumni success, and other important info.

SOURCE Argosy University

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RELATED LINKS
http://www.argosy.edu


PR Newswire: General Business