Category Archives: OTC

United Communications Partners Inc. (UCPA: OTC Pink Current) | United Communications Partners Report for Q1, January-March, 2016

NEW YORK, NY–(Marketwired – May 27, 2016) – United Communications Partners (OTC PINK: UCPA)

Letter of CEO

We hereby file the UCP Quarterly Report for Q1 2016. The complete report can be viewed here. http://www.ucpworld.com/wp-content/uploads/2016/05/UCP-Financial-statements-Q1-2016.pdf

In addition to the report, we want to highlight the following in the UCP group development:

Net revenues and media billings

Net revenues are 34% higher compared with the same period in 2015. This is both a consequence of new clients won the second half of 2015 and increased sales of services to current clients.

Compared with last year the clients’ media investments, including minority interest companies, have increased with 17%. Our share of the aggregated media spend for all companies in the group increased by 35% ($6.8 MUSD) in the first three months of the year. The increased media investments are both a consequence of new clients and current clients investing more in 2016 compared to the first quarter 2015.

Clients’ media investments in the second quarter of 2016 are so far also higher than last year, it remains uncertain whether the increase will continue the second half of the year

Gross profit and result of operations

Gross profit for the group has increased 48% compared to the first three months 2015, at the same time the Gross profit margin increased from 7.3% last year to 8.0% this year. The latter confirms that our focus on increased sales have been successful.

The operations generated a profit of $136,000 the first quarter compared to a loss of $212,000 the same period last year. The selling, general and administrative expenses of the operations have increased 3.6% so far this year. The increased scope of our operations will increase the expenses the last half year of 2016 due to increased number of staff and investments in training, systems and tools, but we aim to keep our organization both efficient and effective, with a firm focus on creating better results both for us and for our clients.

Loss before taxes and minority interest

Profit before taxes and minority interests generated the first three months is $142,000 compared to a loss of $187,000 in 2015. The profit available to shareholders for the three months ended March 31, 2016 is $80,000.

The year has started well and the group’s performance to date is good and represents a great improvement. The outlook for the rest of the year is also cautiously positive. We will continue to strive for further growth, and increased profitability for the group.

Article source: http://www.otcmarkets.com/stock/UCPA/news?id=132839

Fundamental Applications Corp (FUAPF: OTCQB) | Fundamental Announces 7,000+ Products for Sale in Foro App

Fundamental Announces 7,000+ Products for Sale in Foro App

May 27, 2016

OTC Disclosure News Service

Vancouver, BC, Canada

This release includes additional documents. Select the link(s) below to view.

Fundamental Announces 7000 Products for Sale in Foro App.pdf

Copyright © 2016 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/FUAPF/news?id=132818

Stora Enso Oyj (SEOAY: OTCQX International Premier) | Change in Stora Enso’s Group Leadership Team

HELSINKI, Finland, May 27, 2016 (GLOBE NEWSWIRE) — STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 May 2016 at 9.00 EET

Stora Enso’s Executive Vice President Head of the Consumer Board division, Jari Latvanen, is to leave Stora Enso latest in November 2016 to take up the position of President and CEO at HKScan Corporation, headquartered in Finland.

Jari Latvanen has been employed at Stora Enso since January 2015 in his current position and has during that time been a member of Stora Enso’s Group Leadership Team. The recruitment process for his successor is under way.

“Jari has played a leading role in developing the Consumer Board business and has been a valuable member of the Group Leadership Team. I wish Jari all the best, when he now moves on to new challenges,” says Stora Enso’s CEO Karl-Henrik Sundstrom.
 

For further information, please contact:
Ulrika Lilja, EVP, Communications, tel. +46 72 221 9228

Investor enquiries:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242


Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market.

storaenso.com


STORA ENSO OYJ

Article source: http://www.otcmarkets.com/stock/SEOAY/news?id=132775

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