California Business

James P. Souza is Named Professional of the Year by the International Assoc. of Who’s Who

28 12 2017

James P. Souza of San Diego, California, is recognized by the International Assoc. of Who’s Who for exemplary achievements in the field of Legal Services. San Diego, CA, December 28, 2017 -- In the field of Legal Services since 1995, James Souza is well-versed in business litigation, arbitration, construction law, personal injury, products liability, legal writing in his role as Principal Attorney at Kennedy & Souza, APC. Located in various California cities such as San Diego, Los Angeles, San Francisco, Orange County, and Fresno, Kennedy & Souza, APC offers legal consultation and litigation services to a broad range of clients. The legal team’s experience includes general civil litigation (contracts and torts), business, real estate, worker’s compensation, and corporate counseling, criminal defense and family law matters. With over a total of a hundred years of transactional, litigation, and defense experience, Kennedy & Souza, APC is equipped with efficient strategy...

MDxHealth (R): MDxHealth Announces Lowering of 2017 Guidance

28 12 2017

HERSTAL, BELGIUM and IRVINE, CA - December 28, 2017 - MDxHealth SA (Euronext: MDXH.BR, "MDxHealth", or the "Company"), a world leader in molecular diagnostic prostate cancer testing, today announced that, based on preliminary results for the fourth quarter, the Company will not meet earlier guidance for revenue growth in 2017.  In line with prior calendar years, the Company had anticipated an increase in volumes during the fourth quarter. However, the Company has faced timing issues in obtaining billable cases from contracted ConfirmMDx customers and from post-marketing studies that support continuation of Medicare coverage. These delayed contracted cases are expected to partly spill over into 2018. As a result, the Company will fall short of its year-over-year product-and services revenue growth target of 45-55%, expecting to instead end the year at growth of around 10-15%.Total revenue for 2017, including the revenue from the one-time buy-out of the Company's colorectal patents...

The Ensign Group Closes on HUD-Insured Loan Portfolio

27 12 2017

MISSION VIEJO, Calif., Dec. 27, 2017 -- The Ensign Group, Inc. (Nasdaq:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, today announced that certain of its subsidiaries recently completed a $112 million portfolio financing with low, fixed-rate loans amortized over 30- or 35-year terms and secured by mortgages on seventeen of the sixty-three properties owned by Ensign subsidiaries.The borrowings were arranged by Lancaster Pollard Mortgage Company, LLC, and insured by the Department of Housing and Urban Development (HUD).  Loan proceeds will be primarily deployed to pay down previously drawn amounts on Ensign's revolving line of credit."These new long-term, fixed-rate borrowings represent an important pillar in our capital structure, providing us liquidity on a portion of the real estate we own during a period of historically-low interest rates," said Suzanne Snapper,...

Revolution Lighting Technologies Provides Preliminary Fourth Quarter Update and Revises Full Year Guidance

27 12 2017

The Company will recognize non-cash goodwill and intangible asset impairment/restructuring charge to be taken in 2017 STAMFORD, CT--(Marketwired - December 27, 2017) - Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) ("Revolution Lighting"), a global provider of advanced LED lighting solutions, today provided an update to its preliminary fourth quarter and full year 2017 results, including a recognition of a non-cash goodwill and intangible asset impairment/restructuring charge that we will record in 2017. A slower recovery from the unprecedented weather conditions in Texas and the southeastern United States at our Value Lighting division coupled with a slip of a number of energy savings projects to the first quarter of 2018 has resulted in fourth quarter revenue of approximately $35 million versus prior fourth quarter guidance of $47-$50 million. We expect to report adjusted EBITDA of break even and positive cash flow of $4-$5 million in the fourth quarter. As a result, our total...

Veteran Financial Expert Rejoins Superconductor Technologies Board of Directors

27 12 2017

AUSTIN, Texas, Dec. 27, 2017 -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON) announced the appointment of David Vellequette to its board of directors effective December 26, 2017. Vellequette, 61, previously served on STI’s board from 2007 to 2014.“David’s strong background in innovative technology companies will be a significant asset as we implement our strategy to commercialize Conductus® wire’s unique HTS technology,” stated Jeff Quiram, STI’s president and CEO. “We are very pleased to welcome back such a distinguished member to our Board.”“STI’s next generation HTS wire addresses a growing market opportunity,” stated Mr. Vellequette. “I’m excited to rejoin STI’s board and I look forward to helping position the company for the future, including capitalizing on the numerous applications for our world class Conductus wire for existing and emerging next generation applications.”Vellequette will serve as Chairman of the Audit Committee and is also designated...

Nutritional High Announces Calyx Receipt of Temporary Medicinal Distributor License and Submission of Application for Temporary Recreational Distributor License

27 12 2017

TORONTO, Dec. 27, 2017 -- Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce that Calyx Brands Inc. (“Calyx”), a leading distributor of cannabis products in California, has received a Medicinal – Distributor Temporary License from the California Bureau of Cannabis Control (“Temporary Medicinal Distributor License”). Nutritional High has entered into an agreement to purchase the business of Calyx (as announced in a press release on November 7, 2017). The Temporary Medicinal Distributor License will enable Calyx to distribute cannabis to licensed medical dispensaries beginning January 1, 2018.Calyx has also applied to the California Bureau of Cannabis Control for a Recreational – Distributor Temporary License (“Temporary Recreational Distributor License”) and expects to receive such licensing in short order.Jim Frazier, CEO of Nutritional High, commented - “We are excited about this development...

Smart Circle Has Been Named One of the Top Workplaces in Orange County by the Orange County Register

27 12 2017

NEWPORT BEACH, Calif., Dec. 27, 2017 -- The Orange County Register has recognized Smart Circle (www.smartcircle.com), a leading face-to-face marketing and direct sales company, as one of the top workplaces in Orange County! The Top Workplaces program, run by Energage, LLC (formerly Workplace Dynamics), is set-up to recognize companies that have healthy and employee-focused work environments in the Orange County area. The evaluation, conducted through a 22-question employee survey, is based purely on employees' opinions of their companies."Smart Circle strives for excellence in service to our clients, independent corporate distributors, and to our employees," says Jigna Patel, General Counsel of Smart Circle. "Smart Circle is dedicated to providing a top workplace and is eager to continue our growth and success with our most valuable assets – our people.""The Top Workplaces award is not a popularity contest. And oftentimes, people assume it's all about fancy perks...

MassRoots Announces Plan to Scale its Market Share in Multi-Billion Dollar California Market

27 12 2017

DENVER, Dec. 27, 2017 -- MassRoots, Inc. ("MassRoots" or the "Company") (OTCQB:MSRT), one of the leading technology platforms for the regulated cannabis industry, today announced a comprehensive action plan to aggressively scale its market share of cannabis consumers and businesses in the California market. On January 3, 2018, the first recreational cannabis sales are expected to begin in California, which ArcView Market Research projects will grow to $6.5 billion by 2020. Powered by more than one million registered users, MassRoots enables consumers to rate products and strains based on their efficacy (i.e., effectiveness for treating ailments such as back-pain or epilepsy) and then presents this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary. Businesses are able to leverage MassRoots by strategically advertising to consumers based on their preferences and tendencies. MassRoots has launched a comprehensive social media...

Smart Circle Has Been Named One of the Top Workplaces in Orange County by the Orange County Register

27 12 2017

Press Release - updated: Dec 27, 2017 14:00 EST NEWPORT BEACH, Calif., December 27, 2017 - The Orange County Register has recognized Smart Circle (www.smartcircle.com), a leading face-to-face marketing and direct sales company, as one of the top workplaces in Orange County! The Top Workplaces program, run by Energage, LLC (formerly Workplace Dynamics), is set-up to recognize companies that have healthy and employee-focused work environments in the Orange County area. The evaluation, conducted through a 22-question employee survey, is based purely on employees’ opinions of their companies. “Smart Circle strives for excellence in service to our clients, independent corporate distributors, and to our employees,” says Jigna Patel, General Counsel of Smart Circle. “Smart Circle is dedicated to providing a top workplace and is eager to continue our growth and success with our most valuable assets – our people.” “The Top Workplaces award is not a popularity contest. And...

Hanmi Financial Corp. to Raise Minimum Hourly Wage by 36% to $15

27 12 2017

LOS ANGELES, Dec. 27, 2017 -- Hanmi Financial Corporation (Nasdaq:HAFC) (“Hanmi”), the holding company for Hanmi Bank (the “Bank”), today announced that it is increasing its hourly minimum wage by 36% to $15 per hour, effective January 1, 2018.Approximately 100 Hanmi employees, or 13% of the total workforce, will benefit from the new minimum hourly wage.  With this move, Hanmi is well in excess of the minimum wage requirements in all states in which it operates, including California, where some employees will see their wages increase by as much as 36% from current levels.“Our employees are Hanmi’s most important asset and today’s announcement is in alignment with the Bank’s core values,” said C. G. Kum, President & CEO of Hanmi. “The recent tax reforms enacted by Congress, including significantly lower corporate tax rates, have provided an opportunity for Hanmi to review our current compensation policies and pass along some of the benefits to employees....

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