Oklahoma Business

Gohlke Family Inducted into UNT Family Business Hall of Fame

16 12 2017

Gohlke Family Inducted into UNT Family Business Hall of Fame DENTON, Texas December 16, 2017 The University of North Texas recently inducted Gene and Matt Gohlke into the Family Business Hall of Fame. The School’s Department of Management established the Family Business Hall of Fame to honor and recognize Small Business Entrepreneurs. The University honored Gene Gohlke of Gene Gohlke Building Products and Denton Masonry Supply for his over 60 years in business in Denton. Gene is a graduate of North Texas and built one of the first swimming pools in Denton in 1958 which launched Gohlke Pools. Gene’s son, Matt Gohlke is the President and Owner of Gohlke Pools. Gohlke Pools is the premier pool builder in Denton County and is a full-service pool company. In addition to building pools, Gohlke Pools provides pool service and repairs, renovations, hot tubs and has a retail store located on Dallas Drive in Denton. Gohlke Pools is a past recipient of the Texas Family Small Business of...

AT&T DIRECTV to Launch First 4K High Dynamic Range (HDR) Live Broadcasts in U.S. With Full Slate of Sports, Music and Events

14 12 2017

EL SEGUNDO, Calif., Dec. 14, 2017 -- Imagine the reflection of freshly groomed ice as your favorite hockey players skate out for the first time. Now imagine the bright lights of the basketball arena as they light up the court like a Broadway stage. And think of the glistening sweat of your favorite musician as they perform in front of thousands of fans… Imagination becomes reality from the comfort of your couch as AT&T* DIRECTV becomes the first U.S. pay-TV provider to broadcast LIVE in 4K HDR with a full slate of sports, music and events.    The Pittsburgh Penguins vs. Vegas Golden Knights airing Dec. 14 at 10 p.m. ET will be the first event to air live in stunning 4K HDR, via a simulcast of NHL Network. AT&T DIRECTV will also broadcast 13 NBA games in 4K HDR this season. Last season, AT&T and NBA TV, jointly managed by the NBA and Turner Sports, provided fans in the U.S. with the opportunity to watch a live NBA game in 4K Ultra HD (UHD) for the first...

EDF Renewable Energy and Kimberly-Clark Announce Commercial Operation at Rock Falls Wind Project

14 12 2017

SAN DIEGO--(BUSINESS WIRE)--EDF Renewable Energy (EDF RE) announced today that the 154 megawatt (MW) Rock Falls Wind Project (Project) has begun commercial operation. Kimberly-Clark Corporation (NYSE: KMB) signed an agreement earlier this year with EDF RE for 120 MW of generation which marks Kimberly-Clark’s first utility scale use of renewable energy. Rock Falls Wind Project, located in Kay and Grant Counties in northern Oklahoma, consists of wind turbines and various components manufactured in the USA. The project has created more than 150 jobs since start of construction in July 2017 along with millions of dollars injected into the local economy. “We applaud America’s corporate sector and companies like Kimberly-Clark, who through the purchase of wind energy demonstrate leadership in the drive for a low-carbon economy,” said Ryan Pfaff, Executive Vice President for EDF Renewable Energy. Their commitment allowed Rock Falls to proceed, providing an economic boost to the Oklahoma...

FourPoint Energy Announces New Equity Financing with Quantum Energy Partners and Closes the Acquisition of Jointly Owned Properties in the Texas Panhandle

14 12 2017

DENVER, Dec. 14, 2017 -- FourPoint Energy, LLC announced today a new equity financing and the closing of a strategic upstream and midstream acquisition in the Anadarko Basin. Quantum Energy Partners has agreed to invest $489 million in common equity in FourPoint making it one of the largest unit holders. Existing equity holders have also invested an additional $36 million bringing the total of new equity raised to $525 million. Funds managed by GSO Capital Partners LP ("GSO") together with Quantum are now controlling members. "This new equity provides significant liquidity for the company to continue to grow through strategic acquisitions in the Anadarko and Permian Basins while executing on our active drilling program in the Anadarko Basin," said George Solich, President and CEO of FourPoint.    "Pro forma with the closing of this new equity and existing debt capacity, FourPoint has in excess of $900 million in liquidity for future growth," remarked...

ADDvantage Technologies Announces Financial Results for the Fiscal Fourth Quarter of 2017

14 12 2017

BROKEN ARROW, Oklahoma, Dec. 14, 2017 -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY), today announced its financial results for the fourth quarter and fiscal year ended September 30, 2017. The twelve month period includes the financial results for the Company’s asset acquisition of Triton Miami, Inc. (“Triton Datacom”) from October 14, 2016 to September 30, 2017.“We reported strong top line revenue growth in both the fourth quarter and full fiscal year, driven by the acquisition of Triton Datacom’s assets which expanded our Telco offering into the desktop phone segment and broadened our customer reach,” commented David Humphrey, President and CEO of ADDvantage Technologies. “We see significant room for further growth in our Telco segment, specifically at Nave Communications, which reported a disappointing sales performance in fiscal 2017. We have identified the challenges faced by Nave and are directing resources into improving its sales infrastructure to allow it to...

LINN Energy Provides Strategic Update

14 12 2017

HOUSTON, Dec. 14, 2017 -- LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) announces the following strategic updates:Intends to commence a tender offer to purchase at least $250 million of its stock at a premium to the current market price prior to year-end 2017Plans to separate LINN into three standalone companies by mid-2018Provides an operational update on Roan Resources LLC (“Roan”), a Merge/SCOOP/STACK pure play companyProposed Tender OfferPrior to year-end 2017, the Company intends to commence a tender offer to purchase for cash at least $250 million of shares of its common stock at a premium to the current market price. LINN intends to use a portion of the available cash from the recently completed sales of its Williston and Washakie properties for a combined contract price of $485 million to finance the tender offer. Pro forma for the tender, the Company expects to have a positive cash balance to maintain operational flexibility.  This tender offer...

Mesothelioma Victims Center Now Urges a Diagnosed Navy Veteran to Call for Direct Access to The Nation's Top Compensation Lawyers if their Asbestos Exposure Occurred at A Shipyard

14 12 2017

    NEW YORK, NY, December 14, 2017 -- The Mesothelioma Victims Center is passionate about being a top branded advocate for US Navy Veterans with mesothelioma. The group's number one priority is seeing to it that people like this receive the best possible financial compensation settlement. The group is especially focused on assisting US Navy Veterans who have mesothelioma if they were assigned to a ship at a shipyard where their exposure to asbestos would have probably been extreme.A US Navy Veteran who has recently received news of a mesothelioma diagnosis is urged to contact the Mesothelioma Victims Center anytime at 800-714-0303 for their unsurpassed free services. One of these services includes on-the-spot access to some of the nation's most experienced mesothelioma attorneys who work their tails off to make certain their client receives the very best possible financial compensation. At the same time, the group would like to steer a US Navy Veteran or their...

Conn's, Inc. Announces Pricing of Securitization Transaction

14 12 2017

Highest Advance Rate and Lowest Cost of Funds since Re-entering the ABS Market in 2015Consecutive Concurrent Issuance of Class A, B and C Notes Reflects Strong Investor DemandTHE WOODLANDS, Texas, Dec. 13, 2017 -- Conn’s, Inc. (NASDAQ:CONN) today announced that it has entered into an agreement to securitize an aggregate of $669.3 million of consumer receivables, with closing expected on or about December 20, 2017.The offering includes three classes of fixed rate notes: (i) $361.4 million aggregate principal amount of the Class A asset backed notes are expected to be rated BBB by Fitch (Fitch Ratings, Inc.) and BBB- by Kroll (Kroll Bond Rating Agency, Inc.), (ii) $132.2 million aggregate principal amount of the Class B asset backed notes are expected to be rated BB by Fitch and BB- by Kroll, and (iii) $78.6 million aggregate principal amount of the Class C asset backed fixed rate notes are expected to be rated B- by both Fitch and Kroll.The face amount of the Class A, Class B, and Class...

CenterPoint Energy increases quarterly dividend 4 percent to 27.75 cents per share

13 12 2017

HOUSTON, Dec. 13, 2017 -- CenterPoint Energy, Inc. (NYSE: CNP) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.2775 per share of common stock, payable on March 8, 2018, to shareholders of record at the close of business on February 15, 2018. This represents approximately a 4 percent increase from the previous quarterly dividend of $0.2675, and if annualized, would equate to $1.11 per share. "I am pleased that for the thirteenth consecutive year, CenterPoint Energy is raising its dividend," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy.  "This increase demonstrates a strong commitment to our shareholders and the confidence the board of directors has in our ability to deliver sustainable earnings and cash flow." CenterPoint Energy will begin utilizing a standardized payment schedule for future dividends with dividends payable on the second Thursday of March, June, September and December to shareholders...

The World's Foremost Mobile Talent Competition, Megastar to Crown Winner and Award $1 Million

13 12 2017

OAKLAND, Calif., Dec. 13, 2017 -- This Friday, the world's foremost Mobile Talent Competition, Megastar will announce its winner and award the grand prize of $1 million, the right to audition for a role in a digital film produced by Digital Riot Media/John Baldecchi and several other prizes. The winner is chosen by fans and celebrity judges, including eight-time Grammy award-winning superstar Usher and the world's foremost BASE jumper, wingsuit pilot Jeb Corliss, who follow the competition and vote in the app. The runner-up will receive $25,000, while third place receives $20,000, fourth receives $15,000 and fifth receives $10,000. Link to Video of Top 5 Contestants HERE. Megastar has narrowed down the competition to the Top 5 contestants. Corliss will reveal the 4th and 5th place contestants at this week's finale, while also providing mentoring for the contestants. "I have been incredibly impressed by all of the Megastar talent submissions and it has been...

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