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Liberty Interactive Enters into Agreement to Acquire HSN, Inc …

Posted by on 5:23 am in Press Release | 0 comments

ENGLEWOOD, Colo. ST. PETERSBURG, Fla.–(BUSINESS WIRE)–Liberty Interactive Corporation (“Liberty Interactive”) (Nasdaq: QVCA,
QVCB, LVNTA, LVNTB) and HSN, Inc. (“HSNi”) (Nasdaq: HSNI) today
announced that they have entered into an agreement whereby Liberty
Interactive will acquire the 62% of HSNi it does not already own in an
all-stock transaction.

“We are excited to announce the acquisition of HSNi. The addition of HSN
will enhance QVC’s position as the leading global video eCommerce
retailer. Every year they together produce over 55,000 hours of
shoppable video content and have strong positions on multiple linear
channels and OTT platforms,” said Greg Maffei, Liberty Interactive
President and CEO. “The value of the combined QVC, HSNi and zulily will
be further highlighted when later this year QVC Group becomes an
asset-backed stock as part of the previously announced split-off of
Liberty Ventures.”

“We’re thrilled to welcome the HSNi team to our company. HSNi founded
the industry forty years ago and helped it grow with exciting
initiatives like Shop By Remote and media integrations with leading
content producers. By creating the leader in discovery-based shopping,
we will enhance the customer experience, accelerate innovation, leverage
our resources and talents to further strengthen our brands, and redeploy
savings for innovation and growth,” said Mike George, QVC President and
CEO. “As the prominent global video commerce retailer and North
America’s third largest mobile and eCommerce retailer, the combined
company will be well-positioned to help shape the next generation of
retailing.”

“Joining the QVC Group will give us instant access to global consumer
markets, a leadership team with deep expertise and a global perspective,
and the opportunity to further strengthen our content-based brand
portfolios in a changing retail landscape,” said Arthur C. Martinez,
HSNi’s Chairman of the Board of Directors. “We have both been innovators
in a growing and dynamic retail environment with a unique vision of what
shopping should be, and as new technologies continue to change our
everyday lives, together we can develop the next generation of shopping
for the next generation of consumers.”

Liberty Interactive believes the acquisition of HSNi will provide the
following benefits:

  • Increase scale, enhancing the competitive position of QVC Group

    • Meaningful synergies through cost reduction and revenue growth
      opportunities
  • Increased development of eCommerce, mobile and OTT platforms
  • Optimize programming across five U.S. networks
  • Cross marketing to better engage existing and potential customers
  • Financial optionality due to HSNi’s lower debt leverage

HSNi consists of HSN, a leading interactive multichannel retailer, and
Cornerstone, which is comprised of leading home and apparel lifestyle
brands including Ballard Designs, Frontgate, Garnet Hill, Grandin Road
and Improvements. Post-closing, HSNi headquarters will remain in St.
Petersburg and will be overseen by Mike George.

Liberty Interactive currently owns 38.2% of HSNi and, under the
definitive agreement will acquire the remaining 61.8% stake, making it a
wholly-owned subsidiary, attributed to the QVC Group tracking stock.
HSNi shareholders will receive fixed consideration of 1.65 shares of
Series A QVC Group common stock for every share of HSNi common stock.
Based on the Series A QVC Group common stock’s closing price as of July
5, 2017 and the number of HSNi undiluted shares outstanding as of May 1,
2017, this equates to a total enterprise value for HSNi of $2.6 billion,
an equity value of $2.1 billion, and consideration of $40.36 per HSNi
share, representing a premium of $9.06 per share or 29% to HSNi
shareholders, based on HSNi’s closing price on July 5, 2017.

Liberty Interactive intends to issue 53.4 million shares of QVC Series A
common stock to HSNi shareholders. Pro forma, QVC Group total undiluted
share count will be 504.3 million, comprised of 474.9 million shares of
Series A common stock and 29.4 million shares of Series B common stock,
with former HSNi shareholders, excluding Liberty Interactive, to own
10.6% of QVC Group’s undiluted equity and 6.9% of the undiluted voting
power, based on the number of shares outstanding as of April 30, 2017.
Following the completion of the transaction, Liberty Interactive expects
to continue its repurchases of QVC Group common stock.

The acquisition of HSNi is expected to be completed by the fourth
quarter of 2017. The completion of the acquisition is subject to certain
customary conditions, including (i) the receipt of requisite regulatory
approvals, including approval from the Federal Communications Commission
and the expiration or termination of the applicable waiting period under
the Hart-Scott-Rodino Antitrust Improvements Act and (ii) approval by a
majority of the outstanding voting power of HSNi shareholders. A voting
agreement has been obtained from Liberty Interactive to vote its HSNi
shares in-favor of the transaction. Approval of the Liberty Interactive
stockholders is not required, and is not being sought, for the HSNi
acquisition. Upon closing, the Liberty Interactive Board of Directors
will be expanded by one to include a director from the HSNi Board of
Directors; this director will be selected by Liberty Interactive.

The previously announced transaction between Liberty Interactive and
General Communication, Inc. (“GCI”) and subsequent split-off of Liberty
Ventures is expected to close later in 2017. Simultaneous with that
closing, QVC Group, including wholly-owned subsidiaries QVC, Inc.,
zulily and HSNi (or, if the HSNi acquisition has not yet closed,
following such closing), will become an asset-backed stock and Liberty
Interactive will be renamed QVC Group, Inc. Neither the GCI acquisition
nor the HSNi acquisition is conditioned on the completion of the other,
and no assurance can be given as to which of these transactions will be
completed first.

Allen Company is serving as financial advisor and Baker Botts LLP is
serving as legal advisor to Liberty Interactive.

Centerview Partners and Goldman Sachs Group, Inc. are serving as
financial advisors and Davis Polk Wardwell LLP is serving as legal
advisor to the Special Committee of the Board of Directors of HSNi.

Important Notice: Liberty Interactive (Nasdaq: QVCA, QVCB, LVNTA, LVNTB)
President and CEO, Greg Maffei, QVC President, CEO Mike George and HSN,
Inc. (Nasdaq: HSNI) Office of the CEO and CFO, Rod Little , will discuss
this transaction in a conference call which will begin at 9:00 a.m.
(E.D.T.) on July 6, 2017. The call can be accessed by dialing (888)
394-8218 or (323) 701-0225, with participant passcode 1505706 at least
10 minutes prior to the start time. An accompanying presentation will be
posted to the Liberty Interactive website prior to the call. The call
will also be broadcast live across the Internet and archived on our
website. To access the webcast go to http://www.libertyinteractive.com/events.
Links to this press release will also be available on Liberty
Interactive’s website.

Forward-Looking Statements

This communication includes certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Words such as “may,” “will,” “could,” “anticipate,” “estimate,”
“expect,” “predict,” “project,” “future,” “potential,” “intend,” “plan,”
“assume,” “believe,” “forecast,” “look,” “build,” “focus,” “create,”
“work” “continue” or the negative of such terms or other variations
thereof and words and terms of similar substance used in connection with
any discussion of future plans, actions, or events identify
forward-looking statements. These forward-looking statements include,
but are not limited to, statements about the proposed acquisition (the
“proposed acquisition”) of HSNi by Liberty Interactive, the timing of
the proposed acquisition and Liberty Interactive’s proposed transaction
involving General Communication, Inc. (“GCI” and the “proposed GCI
transaction”), the capitalization of the QVC Group following the
proposed acquisition, the continuation of Liberty Interactive’s stock
repurchase program, the realization of estimated synergies and benefits
from the proposed acquisition and the proposed GCI transaction, business
strategies, market potential, future financial prospects, new service
and product offerings, the renaming of Liberty Interactive and other
matters that are not historical facts. These forward-looking statements
involve many risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by such statements,
including, without limitation, the expected timing and likelihood of
completion of the proposed acquisition and the proposed GCI transaction,
including the timing and satisfaction of conditions to these
transactions that could reduce anticipated benefits or cause the parties
to abandon the respective transaction, the ability to successfully
integrate the businesses, risks related to disruption of management time
from ongoing business operations due to the proposed acquisition, the
risk that any announcements relating to the proposed acquisition could
have adverse effects on the market price of the common stock of HSNi or
Liberty Interactive, the risk that the proposed acquisition and its
announcement could have an adverse effect on the ability of HSNi and
Liberty Interactive to retain customers and retain and hire key
personnel and maintain relationships with their suppliers and customers
and on their operating results and businesses generally, market
conditions conducive to stock repurchases, the risk of the amount of any
future dividend HSNi may pay, and other factors. These forward-looking
statements speak only as of the date of this communication, and Liberty
Interactive and HSNi expressly disclaim any obligation or undertaking to
disseminate any updates or revisions to any forward-looking statement
contained herein to reflect any change in Liberty Interactive’s or
HSNi’s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based. Please
refer to the publicly filed documents of Liberty Interactive and HSNi,
including the most recent Forms 10-K and 10-Q for additional information
about Liberty Interactive and HSNi and about the risks and uncertainties
related to the business of each of Liberty Interactive and HSNi which
may affect the statements made in this communication.

No Offer or Solicitation

This communication relates to a proposed business combination between
HSNi and Liberty Interactive. This announcement is for informational
purposes only and nothing contained in this communication shall
constitute an offer to buy or a solicitation of an offer to sell any
securities or the solicitation of any vote in any jurisdiction. No offer
of securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information

Liberty Interactive stockholders, HSNi stockholders and other investors
are urged to read the registration statement and the proxy
statement/prospectus to be filed regarding the proposed acquisition and
any other relevant documents filed with the SEC, as well as any
amendments or supplements to those documents, because they will contain
important information about the proposed acquisition. Any definitive
proxy statement(s) (if and when available) will be mailed to
stockholders of HSNi. Copies of these SEC filings are available free of
charge at the SEC’s website (http://www.sec.gov).
Copies of the filings together with the materials incorporated by
reference therein are also available, without charge, by directing a
request to Liberty Interactive Corporation, 12300 Liberty Boulevard,
Englewood, Colorado 80112, Attention: Investor Relations, Telephone:
(720) 875-5420. Copies of documents filed with the SEC by HSNi will be
made available free of charge on HSNi’s website at http://www.hsni.com
or by contacting HSNi’s Investor Relations Department at HSN, Inc., 1
HSN Drive, St. Petersburg, Florida 33729, Attention Investor Relations,
Telephone: (727) 872-1000, email: ir@hsn.net.

In addition, nothing in this communication shall constitute a
solicitation to buy or an offer to sell shares of GCI Liberty, GCI
common stock or any of Liberty Interactive’s tracking stocks. The offer
and issuance of shares in the proposed GCI transaction will only be made
pursuant to GCI’s effective registration statement. Liberty Interactive
stockholders, GCI shareholders and other investors are urged to read the
registration statement and the joint proxy statement/prospectus to be
filed regarding the proposed GCI transaction and any other relevant
documents filed with the SEC, as well as any amendments or supplements
to those documents, because they will contain important information
about the proposed GCI transaction. Copies of these SEC filings will be
available free of charge at the SEC’s website (http://www.sec.gov).
Copies of the filings together with the materials incorporated by
reference therein will also be available, without charge, by directing a
request to Liberty Interactive Corporation, 12300 Liberty Boulevard,
Englewood, Colorado 80112, Attention: Investor Relations, Telephone:
(720) 875-5420. GCI investors can access additional information at
ir.gci.com.

Participants in a Solicitation

The directors and executive officers of HSNi and other persons may be
deemed to be participants in the solicitation of proxies from the
holders of HSNi common stock in respect of the proposed acquisition.
Information regarding the directors and executive officers of HSNi is
available in its definitive proxy statement for HSNi’s 2017 Annual
Meeting of Stockholders, which was filed with the SEC on April 10, 2017,
and in the other documents filed after the date thereof by HSNi with the
SEC. Investors may obtain additional information regarding the interests
of such participants by reading the proxy statement/prospectus regarding
the proposed transaction when it becomes available. Free copies of these
documents may be obtained as described in the preceding paragraph.

In addition, the directors and executive officers of Liberty Interactive
and GCI and other persons may be deemed to be participants in the
solicitation of proxies in respect of proposals to approve the proposed
GCI transaction. Information regarding the directors and executive
officers of Liberty Interactive is available in its definitive proxy
statement, which was filed with the SEC on April 20, 2017, and certain
of its Current Reports on Form 8-K. Information regarding the directors
and executive officers of GCI is available as part of its Form 10-K
filed with the SEC on March 2, 2017. For other information regarding the
participants in the proxy solicitation and a description of their direct
and indirect interests, by security holdings or otherwise, will be
available in the proxy materials regarding the foregoing to be filed
with the SEC. Free copies of these documents may be obtained as
described above.

About Liberty Interactive Corporation

Liberty Interactive Corporation operates and owns interests in a broad
range of digital commerce businesses. Those businesses are currently
attributed to two tracking stock groups: the QVC Group and the Liberty
Ventures Group. The businesses and assets attributed to the QVC Group
(Nasdaq: QVCA, QVCB) consist of Liberty Interactive Corporation’s
subsidiaries, QVC, Inc. and zulily, llc, and its interest in HSNi, Inc.,
and the businesses and assets attributed to the Liberty Ventures Group
(Nasdaq: LVNTA, LVNTB) consist of all of Liberty Interactive
Corporation’s businesses and assets other than those attributed to the
QVC Group, including its interests in Liberty Broadband Corporation and
FTD, Liberty Interactive Corporation’s subsidiary Evite, and minority
interests in ILG, Lending Tree and Charter Communications.

About HSN, Inc.

HSN, Inc. (Nasdaq: HSNI) is a $3.5 billion interactive multichannel
retailer with strong direct-to-consumer expertise among its two
operating segments, HSN and Cornerstone. HSNi offers innovative,
differentiated retail experiences on TV, online, via mobile devices, in
catalogs, and in brick and mortar stores. HSN, a leading interactive
multichannel retailer which offers a curated assortment of exclusive
products combined with top brand names, now reaches approximately 91
million homes ( with live programming 364 days a year). HSN.com offers a
differentiated digital experience by leveraging content, community and
commerce. In addition to its existing media platforms, HSN is the
industry leader in transactional innovation, including services such as
HSN Shop by Remote®, the only service of its kind in the U.S., the HSN
Shopping App for mobile handheld devices and HSN on Demand®. Cornerstone
comprises leading home and apparel lifestyle brands including Ballard
Designs®, Frontgate®, Garnet Hill®, Grandin Road® and Improvements®.
Cornerstone distributes approximately 300 million catalogs annually,
operates five separate digital sales sites and operates 17 retail and
outlet stores.

Letter To The Editor: Condemnation Of A Recent Press Release Issued By Edgar Baker Phillips

Posted by on 5:23 am in Press Release | 0 comments

Dear Editor,


The Democratic Party of the Virgin Islands Islands vehemently disavows the statements made in the press release of 7/3/17 of the St. Thomas District Chair of the Party, Mr. Edgar Baker Phillips. While it was not circulated in the newspapers, it has apparently been widely distributed on social media. It was not sanctioned by the Territorial Committee and there is no evidence that it was supported by the St. Thomas District Committee.

The unwarranted and unsubstantiated attacks on the character of several sitting senators is totally unacceptable and will not be condoned by the Democratic Party. We find such action unbefitting any leader in our Party and an undermining of the integrity of the entire body.

On behalf of the Party, we apologize for Mr Phillips’ action and deeply regret the pain and any repercussions it has caused to the Senators and their families. The Democratic Party will take such actions that are appropriate to this breach of the Party’s and the people’s trust!

Sincerely,
Donna M. Christensen, Democratic Party state chair.


SLNT Press Release Clarification

Posted by on 5:00 am in Press Release | 0 comments

PRESS RELEASE:-The Press Release issued by the Saint Lucia National Trust on Friday, June 30th appears to have caused confusion as to what the release does or does not mean (or what it says, and what it does not say). There seems to be the feeling among some persons that the Trust has said that it “supports” DSH. This is indeed a very wrong interpretation.

What the Press Release says is that the Trust is not opposed to development as long as such development will contribute to the long-term socio-economic benefit of citizens, and environmental sustainability of the nation.  In addition, the Release states that the, “Trust considers the much-debated details of the related framework agreement between the developer and the Government to be outside of its sphere of competence”. By way of example, the Trust has not involved itself in the debate on the merits or otherwise of the project financing arrangements through the Citizens by Investment Programme.  Nevertheless, the Trust remains concerned about the fate of the Makoté Mangrove, an important RAMSAR site; the Maria Islands and its related ecosystems and endemic species; and the ecological and environmental assets in Pointe du Sable as well as the potential impacts of the proposed development on the livelihoods and recreational pursuits of persons dependent on these assets”.  This then opens the door for discussions on how development can occur in a manner that respects all of the issues that touch and concern the mandate of the Trust.

To be clear, the Trust is not backing down from the principled positions that it has adopted over the last few months. For example, for reasons that have already been expressed, the Trust remains fundamentally opposed to the construction of a dolphinarium at the National Landmark. A detailed, written position on this issue has been communicated to the Government.

The fundamental point to be made is that the Trust is not a political entity.  Once the organisation becomes politically motivated, it loses all its credibility.  The Trust has gone to great lengths to remain politically neutral and must remain an independent entity and not an agent of any political party.

There must be a working relationship between the Trust and the Government of the day. Both parties are mutually supporting stakeholders. They should not, eternally, speak past each other like two ships passing in the night. Regarding our subvention, the Prime Minister has indicated a willingness to consider financial support to the Trust contingent upon the submission of a business plan that provides a basis for the utilization of the financing requested.  We have noted that some have taken umbrage to at our decision to submit the requisite documentation.  However, it is customary for the Trust to provide the Government of the day with its annual Work Plan which outlines all our projects and programmes. In fact, the Trust requested a meeting with the Prime Minister to present our Work Plan since July 2016 and although this did not materialise, we did submit our 2017/18 budget through the usual channels and believe the Prime Minister’s request is an opportunity to re-engage on this matter.

The point has also been made in relation to the DSH project that more engagement is required to iron out some of the issues that fall within the Trust’s mandate. For those persons who would wish for the Trust simply to take an activist approach to resolving differences of views, they must realise that this is not the approach the organisation takes when dealing with controversial issues.  The approach of the Trust is not, and should never be political. The Chairperson and the Council must ensure that the Trust is not used as a political platform or as a platform for personal activism.

The Trust and the Government must come to an understanding regarding how they can work together. This does not mean that the Trust has to compromise on its advocacy in relation to any principled position that it has but there must be a working relationship between the Trust and the Government. However, the current environment does not cultivate such a relationship.  This state of affairs has impacted on the work of the Trust, its members, staff and Council and cannot be allowed to continue.

PRESS RELEASE: Koudmen climax at Island Mix this Thursday

Posted by on 5:00 am in Press Release | 0 comments

the-bayRodney Bay’s unique arts and craft centre, Island Mix, will host a special event on July 6 at 6pm, to celebrate Saint Lucia’s budding musical talent with awards and scholarships.

The ‘Koudmen’ initiative has been taking place monthly throughout the school year, bringing together musical mentors and eager students to build on their experience by performing in front of an audience.

Island Mix is a unique collaborative of more than sixty (60) visual artists, craftspeople, micro-manufacturers, fashion and jewellery designers, whose creativity has found a home at the water’s edge at Rodney Bay, with owner/designer Nadia Jabour at the helm. Just off the main thoroughfare on Seagrape Drive, overlooking the marina lagoon, the centre is a haven of calm in the bustling centre of the north and a source of artistic inspiration for the growing number who are discovering the classes and cultural events that have been taking place there for over a year.

Koudmen at Island Mix is based on the Saint Lucian tradition of combining resources to get a job done. In the past that often meant physical projects, like putting the roof on a neighbour’s new home or painting the local school.

On a given day, the community would come together voluntarily to do what they could, albeit with the promise of a big plate of bouillion and a few cold beers for their efforts – a win-win type of situation where a fete was part of the deal.
local-artists-and-visitors
In twenty-first century musical terms, this means bringing seasoned, experienced performers, teachers and enthusiasts together with students who are just starting on their path, whether it is with professional or private goals in mind. Throw in an appreciative audience, deliciously authentic home-cooked fish and chips, the cool breeze from the marina lagoon and what better way could there be to spend a Thursday evening?

This week Island Mix Koudmen will celebrate the achievements of the year with special awards, musical scholarships and a lively jam session that is sure to please the crowd. All music fans are invited to support Saint Lucia’s future talent this Thursday, July 6 at 6pm.

Check out Island Mix on Facebook.com/CaribbeanIslandMix or call +1 758-584-7877 for more information

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PRESS RELEASE: HRWise launches its youth development program

Posted by on 4:34 am in Press Release | 0 comments

hrwise_logoHRWise is proud to launch the second staging of its youth development and mentorship programme E.D.G.E. (Empower.Discover.Grow.Excel).

This program is designed to equip young persons, ages 16-21, with the information and skills required to effectively transition from the school environment into the workplace.

The program includes a 3-week summer workshop, followed by 3-month internship opportunities for participants who are ready to join the workforce.

E.D.G.E. is aimed at providing coaching and guidance to young adults to improve the caliber of employees entering the workplace every year.

“Based on our experience in the HR field, we recognize that employers are generally unrealistic in their expectations related to school leavers. We are expecting persons who have been in a school setting for the past 15 years or more to seamlessly transition into the workplace with no orientation/onboarding” said Ms. Paul, Managing Director.

In the absence of formal orientation/onboarding programs in most organizations, HRWise has decided to take action to address this issue, and bridge the existing gap.

E.D.G.E. is concerned with the holistic development of young adults and will therefore focus heavily on the soft skills required for success, as well as work/life balance, among others.

Interested individuals, as well as corporate citizens, are invited to partner with HRWise to make a meaningful impact on the social transformation of Saint Lucia’s future workforce. Ms. Paul added “Following a successful first year, we are committed to this program, because we are confident that it will give participants the EDGE to stand out and shine, as engaged new entrants in the workplace”.

The program starts 24 July 2017 and will be held annually. Anyone interested in being part of this program can contact HRWise for more details at 758-458-4001 or info@hrwiseinc.com.

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Firesteel Resources Inc. Corrects Previous Press Release …

Posted by on 4:34 am in Press Release | 0 comments

Jul 04, 2017 (TheNewswire.ca via COMTEX) — (via TheNewswire)

Vancouver, BC / TheNewswire / July 4, 2017 – FIRESTEEL RESOURCES INC. (FTR) (“Firesteel” or the “Company”) today announced a correction to its press release that was disseminated on Monday, June 26, 2017 (“June 26 Release”). The June 26 Release incorrectly stated that a total of 4,729,537 units (“Units”) were issued representing gross proceeds of $354,715, however, the Company issued a total of 4,756,537 Units for gross proceeds of $356,740.

In addition, the June 26 Release incorrectly stated that the Units consisted of one common share of the Corporation (“Common Share”) and one-half of one Common Share purchase warrant (“Warrant”), with each whole Warrant exercisable at $0.20 for 2 years. The correct exercise price for each whole Warrant is $0.15. The remaining terms of the June 26 Release remain unchanged.

About the Company

Firesteel is an exploration-stage junior mining company engaged in the acquisition and exploration of prospective precious and base metal properties in Canada and stable jurisdictions around the world.

Firesteel currently has one highly prospective property in British Colombia.

The Star property is currently operated under a Joint Venture agreement between Firesteel (49%) and Prosper Gold. (PGX) (51%).

Previous highlights of the Star property include:

-6,700 Ha property hosts five significant Cu-Au targets

-Star Target – In 2014 a total of 6221.5 meters were drilled in 19 holes. Recent drill results include 107m of 0.77% Cu 0.41 g/t Au including 64m of 1.12% Cu 0.59 g/t Au (previously reported September 23, 2014).

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Paul Sarjeant, P.Geo., a Qualified Person under National Instrument 43-101 and a director of the company.

For a detailed overview of Firesteel Resources Inc. please visit:

www.FiresteelResources.com

For further information, please contact:

Michael Hepworth

President and Chief Executive Officer

(416)419 5192

mhepworth@firesteelresources.com

www.firesteelresources.com

For up to the minute news, industry analysis and feedback follow us on Facebook, LinkedIn and Twitter.

Neither the 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 release

Advisory Regarding Forward Looking Statements

This news release contains forward-looking statements. Users of forward-looking statements are cautioned that actual results may vary from forward-looking statements contained herein. Forward-looking statements include, but are not limited to: expectations, opinions, forecasts, projections and other similar statements concerning anticipated future events, conditions or results that are not historical facts. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. While the Company has based these forward-looking statements on its expectations about future events as at the date those statements were prepared, the statements are not a guarantee of the Company’s future performance. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct.

The Company’s forward-looking statements are expressly qualified in their entirety by this cautionary statement and are made as of the date of this new release. Unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.

29794605.1

Copyright (c) 2017 TheNewswire – All rights reserved.

PRESS RELEASE: International Co-operative Day

Posted by on 4:13 am in Press Release | 0 comments

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An almost centurion-old tradition is acknowledged this time of year and with it comes the blessings and reassurances of those who created it so that we execute.

It is the generation of now who is charged with the responsibility of continuing the legacy imprinted by the Co-operative Movement, and it is us to this generation to carry the mantle and venerate its purpose. For if not us, but who? And if not now but when?

Seeking to personify the focus of the Co-operative Movement, ‘Ensuring no one is left behind’ could not be a more appropriate theme for the celebration.

It is at a time like this, when social inequalities of all kinds plague the world that those who know of better must advocate of the democratic, non-discriminatory and fair economic solution that exists. Co-operatives have always been ‘People-first’ institutions and reflects that philosophy through their operations.

The slogan for this year seeks also to elaborate on the very first Co-operative principle which denotes complete ‘Voluntary and Open Membership’ to those who accept the terms of membership. Co-operatives being an international model means access to extend these solutions to a multitude of sectors and industries globally.

Many of which are propelled by a profit-maximization concept that fosters further inequality simply because of the avarice of a few.

Whether it be farming, transportation, fishing, credit facilities, insurance, medical and more, the honest application of the Co-operative principles contribute to positive social impact of all demographics.

Although the words, ‘From each according to this ability, to each according to his need’ are borrowed from a slight differing social perspective, it is schools of thought such as this that is along the lines of where conversations within the Movement start.

Recent research reveals that USD 2.5 trillion dollars circulate through the top 300 Co-operatives every year which is then utilized by some 250 million people to create their livelihood.

However, despite such a global imprint, it is by its very nature that a local community focus is maintained throughout each type of Co-operative organization.

The model reminds that the power of a unit, whether considered individually or collectively can and does effectively serve the need of the many.

At its most elemental aspect, it emphasizes on the influence of, particularly where capital-focused entities are diminishing.

Join the St. Lucia Co-operative Credit Union League and other Co-operative entities worldwide as we celebrate International Co-operative Day, an event recognized on the 1st Saturday of July since 1923.

Co-operators all over will continue to venerate for the positive change Co-operatives and similarly driven organizations exude to everyone.

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PRESS RELEASE: St Jude Hospital Vehicle Sales – St. Lucia News …

Posted by on 4:13 am in Press Release | 0 comments

used-cars-linwood-mi-magic-auto-loans

The Board of Directors of St. Jude Hospital is pleased to announce the sale of the following vehicles presently owned by the hospital.

The starting price for the vehicles are as follows:

2004 Isuzu Pickup # TD 9007 – $8,000.00
1995 Ford Ambulance # TG 9891 – $10,000.00
2003 Ford Ambulance # TJ 7963 – $10,000.00
2005 Toyota Townace Noah # 3474 – $10,000.00
2002 Nissan Coaster # SLG 957 – $12,500.00

The sale takes place on Friday 7th July, 2017 from 8:00 am, at St. Jude hospital (George Odlum Stadium – west wing). All sales will go to the highest bidder.

Vehicles can be inspected at the same location.

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PRESS RELEASE: 10 years on from the Port of Spain Declaration on chronic disease: what’s the score?

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landmarkJuly 2, 2017. 2017 marks the 10th Anniversary of the signing of the landmark CARICOM Heads of Government Port of Spain Declaration on non-communicable diseases (NCDs).

This year’s thirty-eighth CARICOM Conference of Heads (July 4-6) is expected to celebrate this momentous achievement.

In 2007, the Caribbean led the world in convening the very first conference of Heads of Goverment on NCDs which in turn paved the way for the United Nations High-level Meeting on NCDs in 2011.

A ten year anniversary is a good time to take stock, to look at how far we have come and how far we need to go. In terms of progress made in the NCD response, the picture is a decidedly mixed one. Awareness of NCDs and their devastating effect on the health and development of the region has grown enormously. The dangers of childhood obesity are much better known. Barbados and Dominica have introduced taxes on sugary drinks and more countries are set to follow.

However, the Caribbean has also become a world leader in chronic diseases in quite the wrong way.

According to Dr Alafia Samuels, Director of the George Alleyne Chronic Disease Research Centre, University of the West Indies, and head of a wide-ranging evaluation of the Port of Spain Declaration, “The statistics are quite shocking. Our soda consumption is the highest in the world. In some countries more than 30% of young people are overweight or obese. Our diabetes rates are double global rates and in some populations up to 50% of us are living with high blood pressure. It is clear that we need to accelerate our response.”

The Executive Director of the Caribbean Public Health Agency (CARPHA) Dr James Hospedales agrees. “There are gains in some areas. However, some, like diet/nutrition/obesity just keep getting worse, and that drives diabetes, cancer, heart disease,” he said. He added, “The food environment is not healthy. Obesity in children is the red flag. And, economically, we cannot afford to carry those preventable costs, when we are struggling to grow.”

The Heads of Government Conference provides an opportunity to really make a difference in the challenge to chronic diseases. The leaders will be asked to consolidate pledges made at the 2016 meeting where they promised to address such issues as banning smoking in public places; banning the advertising of unhealthy foods to children and raising taxes on food high in sugar, salts and trans fats.

As Dr Samuels, who is attending the meeting, stresses, “We will continue to push for concrete commitments. We want to see more action on getting a tobacco-free Caribbean and on childhood obesity. The will is there from the leadership and we hope to get these commitments that put the region back at the heart of the global NCD response. We need to have another push at this 10 year anniversary.”

According to the Programme Manager, Health Sector Development at the CARICOM Secretariat Dr Rudolph Cummings, the importance of the Port of Spain Declaration cannot be underestimated.

“The 2007 Declaration….will remain one of the most visionary public policy coups scored by the CARICOM political leadership since the Treaty of Chaguaramas itself,” he said. “Ten years on, the threats to our health and well-being remain undaunted, providing an opportunity for our current leaders to make a renewed commitment to meaningfully influence the future of our peoples by joining the global movement against tobacco smoke and unhealthy diets with a firm timetable to eliminate these risks,” he added.

In order to bring home the importance of the role leaders can play in influencing behaviour, the Port of Spain evaluation project will present the heads of government with blood pressure monitors. There will also be a vivid display highlighting key aspects of the NCD epidemic and recommendations for the way forward.

These recommendations emerge from the evaluation which was commissioned by PAHO/WHO and CARICOM, working with regional research partners CARICOM, the Caribbean Public Health Agency and the Healthy Caribbean Coalition. It is led by the University of the West Indies.

Michael Bloomberg, the World Health Organisation’s Global Ambassador for Non-communicable Diseases is expected to address the heads through a video message.

Dr Samuels is optimistic about the outcome of the meeting. “I really think we can make progress at this Heads of Government Conference as we intensify our efforts to tackle chronic diseases. Let’s make the next ten years really count.”

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Press Release: Missing Potters Woman Found Alive | Antigua …

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Frances Anne Jules

Police reported that 68yr-old Frances Ann Jules, Aka “Annie” of Potters, who went missing on Friday, has been found alive. She was found among bushes between Freeman’s Village and Seaview Farm around 10:15 am on Sunday, by members of the Police K-9 Unit. Apart from being dehydrated, “Annie” appeared to be in good health and was transported to Mount St. Johns Medical Center by the EMS for further medical treatment.

Family members reported her missing late Friday evening, after she left home earlier in the day and did not return. The police and family members began combing the immediate areas where she was last seen, but because of the late hours into the night, the search had to be called off. The search continued throughout the entire day Saturday; however, she was still not found. Then on Sunday, the police along with family members and other members of the community set out in search of her around 6:30 am. The search team expanded their search to Seaview Farm, Freeman’s Village and other surrounding areas, where she was eventually found alive.

The Police Administration has expressed profound gratitude to the officers within the K-9 Unit, and to the various groups who joined with the police and the family in search of “Annie.” The general public is also advised to report missing family members to the police without delay, in order for the police to commence immediate search for these people.