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March 05, 2006
Far Left Lunatic Chris Matthews sinks to new low.
The one good reason to watch Chris Matthews is that he always makes an ass of himself. Always.
Today was no different. Check out this wonderful analogy he made. He said that 60 years ago Winston Churchill went out on a limb to predict the evil of the Iron Curtain growing across Europe.
So did he compare George Bush for going out on a limb to combat the evil of the Islamist terrorists. NO!
He compared Churchill to Brent Scowcroft and James Baker for predicting civil war in Iraq.
There are retarded liberals and then there is Chris Matthews. Enjoy your place in hell Chris. Its right between Lord Haw-Haw and Axis Sally!
Speaking of degenerate media hacks, the BBC acknowledges Churchill's speech today as well. Apparently, the Iron Curtain fell thanks to a number of populist uprisings. No mention is made of Pope John Paul II or Ronald Reagan or the US Army in Europe for 45 years!
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April 10, 2010 11:37:00 PM
One of the hottest young Latin bands today, two-time Grammy-nominated Tiempo Libre, will perform Tuesday, April 20, at Mississippi State University
The 7:30 p.m. performance in Bettersworth Auditorium of Lee Hall is the final program in the 2009-10 Lyceum Series season. Tiempo Libre replaces the group Spaghetti Western Orchestra, which was originally scheduled on this date but had to cancel its American tour.
Equally at home in concert halls, jazz clubs and dance venues, the members of the Miami-based Tiempo Libre are true modern heirs to the rich tradition of the music of their native Cuba. The group''s members were all classically trained at La ENA, Cuba''s premiere conservatory, during a time when it was illegal to listen to American songs on the radio. Now, the group is a hit in the U.S. and abroad, celebrated for its incendiary, joyful performances of timba, an irresistible, dance-inducing mix of high-voltage Latin jazz and seductive rhythms.
Recently signed to Sony, the group released its latest album, the Grammy-nominated "Bach in Havana," in 2009. The CD has enjoyed critical acclaim and is currently being played on more than 200 radio stations. The music of Bach has been an inspiration to the members of Tiempo Libre since their early school days studying in Havana; many of Bach''s masterpieces make appearances on the album.
The band has performed for "Dancing with the Stars," "The Tonight Show" and the New Orleans Jazz and Heritage Festival, to name only a few.
In addition to their performing and recording careers, the members of Tiempo Libre are committed to sharing their rich musical traditions through outreach and educational activities and have participated in artist-in-residence programs at Michigan State University and Interlochen Academy. The group has also become known for its inspiring classes on rumba, Latin jazz and traditional Cuban music, designed to reach audiences of all ages and backgrounds.
Tickets at the door are $15 for adults; $12 for seniors 65+, MSU faculty and staff; $8 for children 3-12, accompanied by an adult.
For more information on the Lyceum Series or this program, contact the Lyceum office at 662-325-4201.
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The outdoor advertising unit of CBS Corp said today that its initial public offering of 20 million shares will be priced at $28 per. With about 17% of the outstanding shares being offered, that values the company at about $3.36 billion. Trading in CBS Outdoor Americas Inc is expected tomorrow on the NYSE under the symbol "CBSO", with the $560 million IPO ending on or about April 2. CBS Corp plans to divest its remaining shares through a tax-free split-off later this year and eventually convert the unit into a real estate investment trust.
CBS Outdoor Announces IPO Price; Trading Expected To Begin Tomorrow
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|By Marketwired .
Article Rating:
|August 7, 2014 06:28 PM EDT
CALGARY, ALBERTA -- (Marketwired) -- 08/07/14 -- DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX:DRT), a leading technology-enabled designer, manufacturer and installer of fully customized, prefabricated interiors, today announced its financial results for the three and six months ended June 30, 2014.
The following financial information should be read in conjunction with the Company's condensed consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2014, which will be available at www.sedar.com and http://ir.dirtt.net/financial-reports/.
This news release contains references to Canadian dollars and United States dollars. Canadian dollars are referred to as "$" and United States dollars are referred to as "US$".
Selected Highlights
Highlights for the second quarter of 2014 include:
-- Revenue increasing by $3.7 million, or 9.7%, to $42.2 million compared with Q2 2013 and by $13.8 million, or 20.1%, to $82.7 million compared with the first six months of 2013; -- Adjusted gross profit percentage (see "Non-IFRS Measures") for Q2 2014 was 40.7% and 42.1% for the first six months of 2014; -- Completion of a bought deal secondary offering of approximately $18.6 million; -- Conversion of 50% or $5.5 million principal and accrued interest of the 14% convertible notes issued in December 2012 ("December 2012 Notes") into 2,430,595 Common Shares, with the other 50% converted subsequent to quarter end; -- Award of a notice of contract in excess of US$30.0 million to DIRTT and its Distribution Partner; -- Launch of the Employee Share Purchase Plan ("ESPP"); and -- Launch of the new Enzo Approach to interior construction at the Company's annual marketing and training event in Chicago.
"The first half of 2014 saw us record a 20% improvement in top line growth versus the year ago period as our solutions continued to gain traction," said Scott Jenkins, President of DIRTT. "In the second quarter we received a notice of contract for the largest sale in the Company's history valued in excess of US$30 million gross. This type of contract demonstrates both the scalability of our solutions and our ability to supplement baseline growth with major contract wins."
"In the second quarter we closed a bought deal secondary offering that allowed certain selling shareholders to sell their shares to a syndicate of underwriters, permitting an orderly transition in our shareholder base as early stakeholders exited their positions," said Derek Payne, CFO of DIRTT. "Subsequent to the offering, we believe a number of selling shareholders were able to further reduce their positions, significantly decreasing the number of shares set to come off lock-up at the end of November 2014. We also recently saw the conversion of all of our outstanding convertible notes into common shares of the Company. This allowed us to eliminate high interest debt, further strengthening our balance sheet."
Management Announcement
DIRTT also announced today that Chief Financial Officer Derek Payne will take a temporary medical leave of absence to treat a long-standing medical condition. In the interim, Scott Jenkins will act as interim CFO with additional oversight by the board of directors.
"Derek is a core member of our team, and with the full support of our board, is taking a temporary leave to focus on getting the treatment he needs to support his continued good health," said Scott Jenkins. "We look forward to welcoming Derek back and wish him a full and speedy recovery."
Summary Financial Results
---------------------------------------------------------------------------- Three months ended Six months ended ---------------------------------------------------------------------------- June 30, June 30, June 30, June 30, 2014 2013 2014 2013 ---------------------------------------------------------------------------- ($ thousands, except per share amounts) $ $ $ $ ---------------------------------------------------------------------------- Revenue 42,218 38,494 82,733 68,885 ---------------------------------------------------------------------------- Gross profit 16,758 16,843 33,848 26,484 ---------------------------------------------------------------------------- Gross profit % 39.7% 43.8% 40.9% 38.4% ---------------------------------------------------------------------------- Adjusted gross profit % (1) 40.7% 45.2% 42.1% 40.1% ---------------------------------------------------------------------------- Selling, general and administrative 18,337 15,126 34,429 27,692 ---------------------------------------------------------------------------- Operating (loss) income (1,579) 1,717 (581) (1,208) ---------------------------------------------------------------------------- Finance costs 584 1,359 1,200 2,675 ---------------------------------------------------------------------------- Adjusted EBITDA (1) 1,149 4,258 4,864 3,855 ---------------------------------------------------------------------------- Income tax (recovery) expense (215) 1,074 79 1,074 ---------------------------------------------------------------------------- Net loss (2,055) (1,271) (2,125) (5,850) ---------------------------------------------------------------------------- Net loss per basic and diluted share: (0.03) (0.04) (0.03) (0.16) ---------------------------------------------------------------------------- Note: (1) See "Non-IFRS Measures".
Revenue increased by $3.7 million or 9.7% in the three months ended June 30, 2014 compared with the same period in 2013. For the three months ended June 30, 2014, these increases were achieved despite the adverse winter weather conditions that impacted businesses across much of North America, particularly in the early part of the quarter. DIRTT was not immune to these conditions and experienced a particularly weak April. These conditions proved to be relatively short-lived and the Company saw a strong recovery in revenue levels for the remainder of the quarter that were in excess of levels achieved in the same period of the prior year.
Revenue increased by $13.8 million or 20.1% in the six months ended June 30, 2014 compared with the same period in 2013. Revenue in the six-month period ended June 30, 2014 was significantly influenced by a higher than normal number of project orders received late in the fourth quarter of 2013, during the traditionally slower holiday season, which drove strong revenue early in the first quarter of 2014.
As a significant amount of DIRTT's revenue is generated by the US market DIRTT also benefitted from a stronger US dollar during the three and six months ended June 30, 2014.
Included in the total revenue reported for the three and six months ended June 30, 2014, was approximately one-third and two-thirds, respectively, of the $12.0 million of significant projects announced in January 2014. These projects, for leading players in the energy, insurance and healthcare sectors, are scheduled to deliver through 2014 and into 2015.
Adjusted Gross Profit
Adjusted gross profit as a percentage of revenue decreased by 4.5% from 45.2% to 40.7% in the three months ended June 30, 2014 compared with the same period in 2013. The higher adjusted gross profit experienced during the three months ended June 30, 2013 was positively impacted by one-time adjustment items, including a final adjustment after completion of a Fortune 500 company's project.
In general, consistent manufacturing throughput throughout a quarter contributes to stronger gross profit, as this allows for more efficient operations over the period versus significant fluctuations in monthly manufacturing volumes. As a result of poor weather conditions during the first quarter of 2014, April's revenue was significantly lower than May and June which contributed to the lower adjusted gross profit % during the second quarter of 2014.
Adjusted gross profit as a percentage of revenue increased by 2.0% from 40.1% to 42.1% in the six months ended June 30, 2014 compared with the same period in 2013 even with the positive one-time adjustments experienced in the prior year as noted above. The increase was due primarily to significantly better results in the first quarter of 2014 compared with the same period in 2013. These results were achieved with a $10.1 million or 33.7% increase in revenue in the first quarter of 2014 over the same period in the prior year, leading to greater efficiencies driven by higher overall volumes in the Company's production facilities.
Selling, General and Administrative ("SG&A") Expenses
SG&A expenses increased by $3.2 million or 21.2% in the three months ended June 30, 2014 compared with the same period in 2013. The most significant change can be attributed directly to sales-related efforts as salaries and benefits and commission expense for internal sales representatives and industry specific experts increased by $0.9 million and $0.3 million, respectively. These costs reflect personnel additions focused on generating and supporting higher business volumes, and are consistent with the use of proceeds as outlined in the prospectus filed in respect of DIRTT's IPO. Higher commission costs are in line with the increased revenue volumes in the current quarter. Other increases in SG&A in the current quarter included travel and marketing costs of $0.7 million, depreciation expense of $0.6 million, and $0.2 million in other miscellaneous items. The increase in travel and marketing costs was mainly due to the previously discussed annual marketing initiative in Chicago in June, with a total cost of $1.3 million incurred during the three months ended June 30, 2014 compared with $1.1 million in the same period in 2013. The increase was due to additional attendees for the event and training and for external tours through the newly refreshed GLC showcasing the latest DIRTT solutions. This cost does not occur in any other month but includes marketing and training efforts that benefit DIRTT throughout the remainder of the year and beyond. The stronger US dollar contributed to the overall increase in SG&A across the organization in the current quarter.
SG&A costs in the period also included $0.5 million in transaction costs related to the secondary offering that was completed in June 2014. Despite the fact that the Company did not receive any proceeds from the secondary offering, under the terms of agreements with certain shareholders DIRTT was responsible for the costs of the secondary offering.
SG&A expenses increased by $6.7 million or 24.3% in the six months ended June 30, 2014 compared with the same period in 2013. The increase was due to increases in salaries and benefits of $2.2 million, travel and marketing costs of $1.2 million, depreciation expense of $1.0 million, commission expense of $0.9 million, transaction costs from the secondary offering of $0.5 million, office supplies of $0.3 million, rent expense of $0.2 million, insurance expense of $0.1 million and $0.3 million in other miscellaneous items. Included in the $2.2 million increase in salaries and benefits is $0.3 million in accrued bonuses for senior management in accordance with the Board-approved 2014 bonus pool. The increase in salaries and benefits and commission expense are due to the same reasons as discussed above.
Adjusted EBITDA
Adjusted EBITDA decreased by $3.1 million in the three months ended June 30, 2014 compared with the same period in 2013. The decrease was mainly due to a lower adjusted gross profit percentage which dropped from 45.2% to 40.7% and increased SG&A of $3.2 million. These amounts were partially offset by increased revenue of $3.7 million.
Adjusted EBITDA increased by $1.0 million in the six months ended June 30, 2014 compared with the same period in 2013. The increase was mainly due to the $13.8 million increase in revenue, and the resulting improved adjusted gross profit percentage which grew from 40.1% to 42.1%. These amounts were partially offset by increased SG&A of $6.7 million for the reasons discussed above.
Finance Costs
Finance costs decreased by $0.8 million in the three months ended June 30, 2014 compared with the same period in 2013. Finance costs for the three months ended June 30, 2014 were comprised of $0.4 million non-cash and $0.2 million cash costs compared with $0.9 million and $0.4 million, respectively, for the same period in 2013. In November 2013, upon completion of the IPO, the Class A preferred shares and the convertible notes issued in June 2012 ("June 2012 Notes") were converted into Common Shares and as a result there were no accretion or accrued interest amounts reported during 2014 related to those items. Upon completion of the IPO, the Company also repaid US$10.0 million of the original US$20.0 million of December 2012 Notes. Under the terms of the note purchase agreement on the remaining principal portion of the December 2012 Notes, the interest rate increased from 8% to 14% (12% cash and 2% non-cash) effective March 7, 2014. The 2% non-cash portion of the interest is included with the accretion expense in the accreted / accrued interest (non-cash) section of the table above. In June 2014, in connection with the secondary offering, US$5.0 million of the then-remaining US$10.0 million December 2012 Notes plus all accrued interest at the time of conversion were converted into Common Shares.
Finance costs decreased by $1.5 million in the six months ended June 30, 2014 compared with the same period in 2013. Finance costs for the six months ended June 30, 2014 were comprised of $0.6 million non-cash and $0.6 million cash costs compared with $1.8 million and $0.9 million, respectively, for the same period in 2013. The reasons for the decrease are the same as discussed above.
Secondary Offering
In June 2014, the Company completed a secondary offering on a bought-deal basis, whereby a total of approximately 7.2 million Common Shares were sold by a group of selling shareholders to a syndicate of underwriters at an offering price of $2.60 per Common Share. DIRTT did not receive any proceeds from the secondary offering but incurred $0.5 million in transaction costs.
Construction is a major global industry and consists of building new structures, making additions and modifications to existing structures, as well as conducting maintenance, repair and leasehold improvements on existing structures. The total US construction market was US$900 billion in 2013, of which US$562 billion was attributable to non-residential building (Source: US Census Bureau). This includes both new building and renovation projects. Total US non-residential construction spending is forecasted to grow to US$714 billion in 2017 (Source: FMI US Markets Construction Overview 2014). DIRTT believes conventional construction activities are fraught with challenges including cost overruns, quality issues and time delays and increasingly organizations are looking for a better way to build out their interior spaces, whether for new buildings or renovations. DIRTT's increasing roster of repeat clients is a strong testament to the benefits of technology-enabled prefabricated solutions.
DIRTT believes its solutions are a superior alternative to conventional construction in all sectors of the construction industry, and that a continued increase in construction activity can be expected to result in an ongoing improvement in revenue. The Company plans to invest additional resources, including the further development of ICE and the development of new DIRTT Solutions and test projects, to pursue further opportunities in healthcare, education and government, and new opportunities in the hospitality and residential sectors of the construction industry. The Company's product development team has been, and will continue to be, expanded to address industry-specific challenges and opportunities.
Looking at the American Institute of Architects' (AIA) Architecture Billings Index (ABI), which is a useful leading economic indicator of how non-residential billing activity could trend, the overall March numbers showed a decline in billings and enquiries due to the unseasonably cold and stormy weather that gripped much of the continent. As anticipated, the second quarter of 2014 got off to a slow start as adverse weather conditions negatively impacted sales volumes in April. These conditions were short-lived and monthly revenue bounced back as sales volume returned to anticipated levels. This momentum continued into the early part of the third quarter of 2014. This is consistent with the most recently released ABI numbers from the AIA for June 2014 which were at the strongest level since September 2013. The AIA believes that these numbers point to improved fundamentals that could support growth across all segments of the building industry for the next nine to 12 months.
In June 2014, DIRTT received notice of award for a project valued in excess of US$30.0 million to DIRTT and its Distribution Partner Agile OFIS of Houston, Texas, which is scheduled to commence during the first quarter of 2015 and is expected to be substantially completed in 2015.
Liquidity and Capital Resources
At June 30, 2014, DIRTT had $26.4 million in cash and cash equivalents compared with $34.4 million at December 31, 2013. At June 30, 2014, the Company had an undrawn US$18.0 million revolving operating facility.
Non-IFRS Measures
Adjusted gross profit, adjusted gross profit %, EBITDA, and Adjusted EBITDA are non-IFRS measures used by management to assess performance and financial condition. Consequently, they do not have a standard meaning as prescribed by IFRS, and are therefore unlikely to be comparable to similar measures presented and calculated by other companies. Management believes that the non-IFRS measures are useful supplemental measures that may assist investors in assessing the financial performance and the cash anticipated to be generated by DIRTT's business. The non-IFRS measures should not be considered as the sole measure of the Company's performance and should not be considered in isolation from, or as a substitute for, analysis of its financial statements. Please refer to the Company's management's discussion and analysis for three and six months ended June 30, 2014 for a definition and reconciliation of the non-IFRS measures used herein.
Conference Call Details
DIRTT will host a conference call and webcast on Friday, August 8, 2014 at 7 a.m. MT (9 a.m. ET) to discuss its second quarter results in greater detail. President Scott Jenkins and CFO Derek Payne will participate.
To access the conference call by telephone dial +1 416.764.8688 (Toronto and international callers) or 1.888.390.0546 (toll-free in North America). Please call 10 minutes prior to the start of the call. In addition, a live webcast (listen only mode) of the conference call will be available at www.newswire.ca/en/webcast/detail/1387857/1539755.
Investors are invited to submit questions by email before and during the conference call. Please send them to [email protected].
A replay of the conference call will be available at +1 416.764.8677 or 1.888.390.0541, passcode 571299, from noon (ET) Friday August 8, 2014 to midnight (ET) Friday, August 15, 2014 or through the webcast archives at www.newswire.ca or on DIRTT's website at http://ir.dirtt.net/.
Financial Statements DIRTT Environmental Solutions Ltd. Consolidated Statements of Loss and Comprehensive Loss (Stated in thousands of Canadian dollars, except per share amounts) ---------------------------------------------------------------------------- For the three months For the six months ended ended ---------------------------------------------------------------------------- June 30, June 30, June 30, June 30, 2014 2013 2014 2013 ---------------------------------------------------------------------------- $ $ $ $ ---------------------------------------------------------------------------- Revenue 42,218 38,494 82,733 68,885 ---------------------------------------------------------------------------- Cost of goods sold 25,460 21,651 48,885 42,401 ---------------------------------------------------------------------------- Gross profit 16,758 16,843 33,848 26,484 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Selling, general and administrative 18,337 15,126 34,429 27,692 ---------------------------------------------------------------------------- Operating (loss) income (1,579) 1,717 (581) (1,208) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Foreign exchange loss 29 557 257 899 ---------------------------------------------------------------------------- Gain on sale of property, plant and equipment (18) - (18) - ---------------------------------------------------------------------------- Loss on derecognition of liability 153 - 153 - ---------------------------------------------------------------------------- Interest income (57) (2) (127) (6) ---------------------------------------------------------------------------- Finance costs 584 1,359 1,200 2,675 ---------------------------------------------------------------------------- Loss before tax (2,270) (197) (2,046) (4,776) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Current tax expense 232 497 544 497 ---------------------------------------------------------------------------- Deferred tax (recovery) expense (447) 577 (465) 577 ---------------------------------------------------------------------------- (215) 1,074 79 1,074 ---------------------------------------------------------------------------- Net loss for the period (2,055) (1,271) (2,125) (5,850) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Other comprehensive (loss) income ---------------------------------------------------------------------------- Items that will not be reclassified to profit or loss: ---------------------------------------------------------------------------- Exchange differences on translation of foreign operations, net of tax of $nil (2013 - $nil) (907) 931 123 1,428 ---------------------------------------------------------------------------- Total comprehensive loss for the period (2,962) (340) (2,002) (4,422) ---------------------------------------------------------------------------- Loss per share ---------------------------------------------------------------------------- Basic and diluted (0.03) (0.04) (0.03) (0.16) ---------------------------------------------------------------------------- DIRTT Environmental Solutions Ltd. Consolidated Statements of Financial Position (Stated in thousands of Canadian dollars) ---------------------------------------------------------------------------- As at June 30, December 31, 2014 2013 ---------------------------------------------------------------------------- $ $ ---------------------------------------------------------------------------- ASSETS ---------------------------------------------------------------------------- Current Assets ---------------------------------------------------------------------------- Cash and cash equivalents 26,364 34,373 ---------------------------------------------------------------------------- Trade and other receivables 22,879 17,166 ---------------------------------------------------------------------------- Inventory 9,709 11,376 ---------------------------------------------------------------------------- Prepaids and other current assets 3,421 1,058 ---------------------------------------------------------------------------- 62,373 63,973 ---------------------------------------------------------------------------- Non-current Assets ---------------------------------------------------------------------------- Long-term deposits 590 522 ---------------------------------------------------------------------------- Property, plant and equipment 30,751 29,986 ---------------------------------------------------------------------------- Intangible assets 11,138 10,112 ---------------------------------------------------------------------------- Notes receivable 476 486 ---------------------------------------------------------------------------- Deferred tax assets 2,092 1,967 ---------------------------------------------------------------------------- Goodwill 1,845 1,845 ---------------------------------------------------------------------------- 46,892 44,918 ---------------------------------------------------------------------------- Total Assets 109,265 108,891 ---------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY ---------------------------------------------------------------------------- Current Liabilities ---------------------------------------------------------------------------- Trade accounts payable and accrued liabilities 17,580 12,550 ---------------------------------------------------------------------------- Customer deposits 5,417 8,370 ---------------------------------------------------------------------------- Current portion of long-term debt 2,422 2,419 ---------------------------------------------------------------------------- Provisions 358 469 ---------------------------------------------------------------------------- Current tax liabilities 613 314 ---------------------------------------------------------------------------- 26,390 24,122 ---------------------------------------------------------------------------- Non-current Liabilities ---------------------------------------------------------------------------- Deferred tax liabilities 257 592 ---------------------------------------------------------------------------- Long-term debt 4,474 5,673 ---------------------------------------------------------------------------- Convertible notes 5,182 9,904 ---------------------------------------------------------------------------- 9,913 16,169 ---------------------------------------------------------------------------- Shareholders' Equity ---------------------------------------------------------------------------- Common share capital 129,809 123,127 ---------------------------------------------------------------------------- Warrants 1,101 1,101 ---------------------------------------------------------------------------- Equity component of convertible notes 28 57 ---------------------------------------------------------------------------- Contributed surplus 5,903 6,192 ---------------------------------------------------------------------------- Accumulated other comprehensive income 1,416 1,293 ---------------------------------------------------------------------------- Accumulated deficit (65,295) (63,170) ---------------------------------------------------------------------------- 72,962 68,600 ---------------------------------------------------------------------------- Total Liabilities and Shareholders' Equity 109,265 108,891 ---------------------------------------------------------------------------- DIRTT Environmental Solutions Ltd. Consolidated Statements of Cash Flows (Stated in thousands of Canadian dollars) ---------------------------------------------------------------------------- For the three months For the six months ended ended ---------------------------------------------------------------------------- June 30, June 30, June 30, June 30, 2014 2013 2014 2013 ---------------------------------------------------------------------------- $ $ $ $ ---------------------------------------------------------------------------- Cash flows from operating activities: ---------------------------------------------------------------------------- Net loss for the period (2,055) (1,271) (2,125) (5,850) ---------------------------------------------------------------------------- Items not affecting cash: ---------------------------------------------------------------------------- Depreciation included in cost of goods sold 442 571 975 1,171 ---------------------------------------------------------------------------- Depreciation and amortization included in selling, general and administrative 2,137 1,530 4,089 3,108 ---------------------------------------------------------------------------- Stock-based compensation 56 129 103 271 ---------------------------------------------------------------------------- Loss on derecognition of liability 153 - 153 - ---------------------------------------------------------------------------- Write off of property, plant and equipment - 217 - 217 ---------------------------------------------------------------------------- Gain on sale of property, plant and equipment (18) - (18) - ---------------------------------------------------------------------------- Income tax provision (215) 1,074 79 1,074 ---------------------------------------------------------------------------- Finance cost 584 1,359 1,200 2,675 ---------------------------------------------------------------------------- Non-cash foreign exchange (gain) loss on debt revaluation (389) 651 24 1,195 ---------------------------------------------------------------------------- Non-cash foreign exchange (gain) loss (393) 277 46 470 ---------------------------------------------------------------------------- Net change in non-cash working capital relating to operating activities 353 (532) (4,545) (1,284) ---------------------------------------------------------------------------- Cash taxes paid (72) - (229) - ---------------------------------------------------------------------------- Net cash flows provided by (used in) operating activities 583 4,005 (248) 3,047 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Cash flows from investing activities: ---------------------------------------------------------------------------- Purchase of property, plant and equipment (3,127) (1,222) (4,174) (1,936) ---------------------------------------------------------------------------- Capital expenditures on internally generated intangible assets (1,267) (1,069) (2,602) (2,209) ---------------------------------------------------------------------------- Proceeds from sale of property, plant and equipment 22 - 22 - ---------------------------------------------------------------------------- Receipt of proceeds from notes receivable 5 - 10 - ---------------------------------------------------------------------------- Net cash flows used in investing activities (4,367) (2,291) (6,744) (4,145) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Cash flows from financing activities: ---------------------------------------------------------------------------- Issuance of share capital on exercise of stock options 664 13 761 13 ---------------------------------------------------------------------------- Interest paid on convertible notes (161) (421) (413) (829) ---------------------------------------------------------------------------- Proceeds of long-term debt - 3,232 - 3,232 ---------------------------------------------------------------------------- Repayment of long-term debt (607) (62) (1,218) (643) ---------------------------------------------------------------------------- Interest paid on long-term debt (70) (24) (147) (55) ---------------------------------------------------------------------------- Net cash flows (used in) provided by financing activities (174) 2,738 (1,017) 1,718 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net (decrease) increase in cash and cash equivalents (3,958) 4,452 (8,009) 620 ---------------------------------------------------------------------------- Cash and cash equivalents and restricted cash, beginning of period 30,322 4,994 34,373 8,826 ---------------------------------------------------------------------------- Cash and cash equivalents, end of period 26,364 9,446 26,364 9,446 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Cash and cash equivalents consists of: ---------------------------------------------------------------------------- Cash 3,209 9,446 3,209 9,446 ---------------------------------------------------------------------------- Temporary investments 23,155 - 23,155 - ---------------------------------------------------------------------------- 26,364 9,446 26,364 9,446 ----------------------------------------------------------------------------
About DIRTT
DIRTT Environmental Solutions (Doing It Right This Time) uses its proprietary 3D software to design, manufacture and install fully customized prefab interiors. The Company's customers in the corporate, government, education and healthcare sectors benefit from DIRTT's precise design and costing; rapid lead times with the highest levels of customization and flexibility; and faster, cleaner construction.
DIRTT manufacturing facilities are in Phoenix, Savannah, Kelowna and Calgary. DIRTT's teams support more than 100 Distribution Partners throughout North America, the Middle East and Asia. For more information please visit www.dirtt.net.
To find out more about DIRTT (TSX:DRT) please visit our website www.dirtt.net or contact us at [email protected].
Forward-Looking Statements
Certain information and statements contained in this news release constitute "forward-looking information" and "forward-looking statements" (collectively, "Forward-Looking Information") as defined under applicable Canadian securities laws and the Company hereby cautions investors about important factors that could cause the Company's actual results or outcomes to differ materially from those projected in any Forward-Looking Information contained in this news release. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "will continue", "is anticipated", "believes", "estimated", "intends", "plans", "projection" and "outlook"), are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such Forward-Looking Information.
In particular and without limitation, this news release contains Forward-Looking Information pertaining to the following: comments with respect to the Company's revenue, objectives and priorities for 2014 and beyond; project timetables; its growth strategies and opportunities; its ability to meet working capital requirements and financial obligations; the launch of the ESPP; use of proceeds from the IPO; and its outlook for its operations and the Canadian, US and international economies, and in particular, the US construction industry.
With respect to Forward-Looking Information contained in this news release, assumptions have been made regarding the Company, among other things:
-- its ability to manage its growth; -- competition in its industry; -- its ability to enhance current products and develop and introduce new products; -- its ability to obtain components and products from suppliers on a timely basis and on favourable terms; -- its ability to obtain qualified staff and equipment in a timely and cost-efficient manner; -- the regulatory framework governing taxes in Canada and the US and any other jurisdictions in which the Company may conduct its business in the future; -- future development plans for its assets unfolding as currently envisioned; -- future capital expenditures to be made by the Company; -- future sources of funding for its capital program; -- the impact of increasing competition on the Company; and -- its success in identifying risks to its business and managing the risks mentioned below.
The Company's actual results or outcomes could differ materially from those expressed in the Forward-Looking Information as a result of the risks normally encountered in its industry such as:
-- maintaining and managing growth; -- history of losses; -- risks related to global financial crisis; -- risks related to new technology; -- competition risks; -- operating results and financial condition fluctuations on a quarterly and annual basis; -- risks related to intellectual property; -- risks related to additional capital requirements; -- customer base and market acceptance; -- software and product defects and design risks; -- availability of key supplies; -- dependence on key personnel and consultants; -- commodity price risk; -- risks related to restricted covenants; -- credit risk; -- the effect of government regulation; -- risks related to international expansion; -- risks related to physical facilities; -- legal risks; -- foreign currency and fiscal matters; -- risks related to future acquisitions; -- risks related to Forward-Looking Information; -- reliance on third parties; and -- conflicts of interest.
Since actual results or outcomes could differ materially from those expressed in the Forward-Looking Information provided by or on behalf of the Company, investors and others should not place undue reliance on any such Forward- Looking Information.
DIRTT cautions that the foregoing lists of factors are not exhaustive. Further, Forward-Looking Information is made as of the date hereof, and the Company undertakes no obligation to update Forward-Looking Information to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable Canadian securities laws. New factors emerge from time to time, and it is not possible for DIRTT's management to predict all of these factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in Forward-Looking Information. No assurance can be given that these expectations will prove to be correct and such Forward-Looking Information contained in this news release should not be unduly relied upon. In addition, this news release may contain Forward-Looking Information attributed to third party industry sources.
For a detailed description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's annual financial statements, management's discussion and analysis and annual information form for the 12 months ended December 31, 2013, all of which are available at www.sedar.com.
DIRTT Environmental Solutions
Scott Jenkins
[email protected]
DIRTT Environmental Solutions
Derek Payne
[email protected]
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The "What's Your Romance/Martial Arts Style?" Test
Your result for The "What's Your Romance/Martial Arts Style?" Test ...
Jeet Kune Do
You scored 0% romantic, 0% modern, 0% aggressive and 0% sensual!
You're a very practical person: you remember only what is useful, and forget everything else. You use "no way" as way, and have "no limitation" as limitation!
You'll be a great lover, if you aren't one already. The problem is, almost nobody understands you. But that's all right. You're great the way you are!
Pragmatic - Old-Fashioned - Receptive - Thoughtful: Judo
Pragmatic - Old-Fashioned - Receptive - Sensual: Pankration
Pragmatic - Old-Fashioned - Aggressive - Thoughtful: Taekwondo
Pragmatic - Old-Fashioned - Aggressive - Sensual: Muay Thai
Pragmatic - Modern - Receptive - Thoughtful: Krav Maga
Pragmatic - Modern - Receptive - Sensual: Jeet Kune Do
Pragmatic - Modern - Aggressive - Thoughtful: Combat Sambo
Pragmatic - Modern - Aggressive - Sensual: Brazilian Jiu-Jitsu
Romantic - Old-Fashioned - Receptive - Thoughtful: Ba Gua Zhang
Romantic - Old-Fashioned - Receptive - Sensual: Capoeira (Angola)
Romantic - Old-Fashioned - Aggressive - Thoughtful: Pencak Silat
Romantic - Old-Fashioned - Aggressive - Sensual: Monkey Kung Fu
Romantic - Modern - Receptive - Thoughtful: Aikido
Romantic - Modern - Receptive - Sensual: Capoeira (Regional)
Romantic - Modern - Aggressive - Thoughtful: Competitive Wushu
Romantic - Modern - Aggressive - Sensual: Savate
Your Analysis (Vertical line = Average)
All possible test results
You are Judo! Simple, straightforward, respectful. Your antique sensibilities belie a very realistic approach to love and life. However, you may be relying on the same techniques over and ove... Read more
You are Pankration! Pankration started at the original Olympic games way back in in 646 BC! It was certainly ahead of its time, combining striking, throws, locks and holds. Like Pank... Read more
You are Taekwondo! You tend to focus on well-timed, explosive attacks to the heart or head. It's good that you go for what you want, but perhaps you could be a little more spontaneous. ... Read more
Muay Thai
Nice Shorts! You are Muay Thai! Your raw vitality is very appealing. You have a masculine style. You tend to move in quick, and your partners are helpless to stop you! I've got no ad... Read more
Krav Maga
You are Krav Maga! You're very effective and in touch with the times. You're very focused and can get things done. But, like the Israeli anti-terrorist forces, you've been sta... Read more
Jeet Kune Do
Fluid like water, you're Jeet Kune Do! You're a very practical person: you remember only what is useful, and forget everything else. You use "no way" as way, and have "no limitation" as limit... Read more
Combat Sambo
You are combat sambo! No messing around! Invented in Russia as the pinnacle of its native martial arts, Sambo has an illustrious history in the armed forces. President Vladimir Putin is a top... Read more
Brazilian Jiu-jitsu
You are Brazilian Jiu-Jitsu, putting another "J" in BJJ since 1921! Everyone loves you, because you're great at piercing people's guards. No doubt about it, you're a very intimate and intense... Read more
Ba Gua Zhang
You are Ba Gua Zhang! You have a gentle idealistic temperament, and a feminine style. You handle your lovers with an open palm... figuratively speaking. But you're not to be trifled ... Read more
Capoeira (Angola)
Sexy! You are Capoeira! You can read people like a book, and you love to show off your creativity. This makes you a very empathetic person. Perhaps because of your high romantic idea... Read more
Pencak Silat
You are Pencak Silat! You're exotic, intense, and a little mysterious. Everyone finds you beautiful. But you stay low to the ground, taking things slow. That's all right. You'll have... Read more
Monkey Kung Fu
Wow, really? You're Monkey Kung Fu! You are creative, intuitive, physical, and romantic. A lot of people have crushes on you. I think I/... Read more
You sweetheart, you're aikido! You use rotation, fluidity, and sensitivity to send people spinning around you. You are a very kind and loving person. Even if you had to dump someone,... Read more
Capoeira (Regional)
You're capoeira, you sexy beast! You can read people like a book, and you love to show off your creativity. This makes you a very empathetic person. Perhaps because of your high roma... Read more
Competitive Wushu
Well, aren't you cool? You are Wushu! You really know how to make a big production. Some people talk bad about you, but they shut up when they see you in action! The problem is peopl... Read more
You are savate, you virile beast! You're very physical, romantic, aggressive, resourceful, creative. Awesome. Even though you consider yourself a forward-thinking person, you're stil... Read more
Recent Results
cerulean-blue47 / f / Straight
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bdcan24 / f / Bisexual
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Otep, the L.A.-based metal fusion quartet led by singer/poet/self-described "mental pugilist" Otep Shamaya, released one of the most dense, disturbing debut albums in the history of metal with 2002's Sevas Tra, a fiery confessional wherein Otep screams about being raped by her father against a searing sonic backdrop of eerie minor guitar chords and fist-pounding rhythms. The followup, House of Secrets, lacked the LSD-laced-exorcism feel of its predecessor but still packed plenty of vocal intensity and dark poetics. But Otep's third album, The Ascension, is definitely their best yet, and easily one of the best records of the year. The hard-edged metal mashups explode with primal screams, battering-ram rhythms, and vocal vitriol, from the politically charged rap-metal of "Confrontation" to the "lovesick anorexic" anthem "Milk of Regret" to the face-peeling fury of "Crooked Spoons." However, it's the songs where Otep's screaming less and singing more that really stand out, like "Noose and Nail," where her sick and sultry voice wraps itself around lines like "Jesus needs his prescriptions filled/Buddha's using too many pills/Allah promises endless thrills/in volatile bottles marked RELIGION KILLS." Then there's "Perfectly Flawed," a beautiful self-affirmation ballad decorated with piano and bells that sounds like the band's first real shot at a "hit," despite the morbid undercurrent of someone talking themselves out of suicide ("Don't you do it/You're not even you yet"). The first single, "Ghostflowers," boasts a catchy, exotic-sounding guitar riff, and some badass bridges and breakdowns where bass player Evil J's booming five-string sounds super-fat and funky. For all its eclectic elements and genre-mating, The Ascension flows like a smooth ride on a raw nerve, and there's not a bad track here.
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Thursday, 05 Jun 2014 08:21 AM
Ceremonies to commemorate the 70th anniversary of D-Day are drawing thousands of visitors to the cemeteries, beaches and stone-walled villages of Normandy this week, including some of the few remaining survivors of the largest sea-borne invasion ever mounted.
World leaders and dignitaries including President Barack Obama and Queen Elizabeth II will gather to honor the more than 150,000 American, British, Canadian and other Allied D-Day veterans who risked and gave their lives to defeat Adolf Hitler's Third Reich.
For many visitors, the Normandy American Cemetery and Memorial with its 9,387 white marble tombstones on a bluff overlooking the site of the battle's bloodiest fighting at Omaha Beach is the emotional centerpiece of pilgrimages to honor the tens of thousands of men killed on D-Day and the months of fighting afterward.
D-Day veteran Clair Martin, 93, said he's come back to Omaha Beach three times in the last 70 years — "four if you count the time they were shooting at me."
The San Diego, California resident landed on D-Day with the 29th Infantry Division and said he kept fighting until he reached the Elbe River in Germany the following April. "I praise God I made it and that we've never had another World War," he said.
Ceremonies large and small are taking place across Normandy, ahead of an international summit on Friday in Ouistreham, a small port that was the site of a strategic battle on D-Day. French President Francois Hollande's decision to invite Russian President Vladimir Putin to participate in the official ceremony despite his exclusion from the G-7 summit in Brussels is being seen by some as justified recognition of the Soviet Union's great sacrifice in defeating Hitler, but by others as a distraction given the West's dispute with Russia over Ukraine.
With many D-Day veterans now in their 90s, this year's anniversary has the added poignancy of being the last time that many of those who took part in the battle will be able to make the long journey back to Normandy and tell their stories.
"Three minutes after landing a mortar blew up next to me and I lost my K-rations," said Curtis Outen, 92, of Pageland, South Carolina. Outen, making his first return to Normandy since the war, related the loss of his military-issued meal packet as though it happened yesterday. "Then I cut my arm in the barbed wire entanglements. After that I was all right."
By midmorning hundreds of visitors walked among the cemetery's long rows of white crosses and stars of David. Schoolchildren and retirees, soldiers in uniform and veterans in wheelchairs quietly move from grave to grave, pausing to read the brief inscriptions that can only give hints of the lives laid to rest there:
Edward H. Gesner, Pvt 116 Inf, 29 Div, Massachussets, July 1 1944.
Richard Frank Geigner, PFC 298 Engr Combat Bn, Illinois, June 6, 1944.
Louis Carter Jr, Pvt 8 Inf 4 Div, New Jersey, July 26, 1944.
One young woman stood quietly in soft rain, hand over her heart, and tearfully placed a red rose at a tombstone which read "Here Rests in Honored Glory a Comrade in Arms Known But to God."
"I just wanted to pay tribute,"said Marissa Neitling, 30, of Lake Oswego, Oregon.
Nearby, retired lawyer Paul Clifford of Boston kneeled silently and placed a bouquet of red, white and blue flowers at the grave of Walter J. Gunther Jr., a paratrooper of the 101st Airborne Division killed on D-Day.
Clifford said the grave belonged to a relative of his best friend in Boston. The friend has never been able to travel to Normandy to visit the grave, so Clifford has come each June for the last 10 years to pay respect.
"He was my best friend's uncle. When he came down his parachute got caught in the branches. He never made it out of the trees," said Clifford.
© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Photography Equipment Reviews
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Minolta Dimage Scan Elite 2
A test of the Dimage Scan Elite II film scanner
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Matt Papers compared
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The Plustek OpticFilm 7600i SE is a film scanner with 48-bit colour and 7200dpi resolution, bundled with Silverfast to deliver infrared dust and scratch removal. It's quiet, it's easy to use, but is it worth £239?
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Canon EOS 550D Digital SLR Review
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Nikon Coolpix L330 Review
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Sigma dp0 Quattro Review
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Olympus Zuiko 7-14mm ED
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Canon EF 85mm f/1.2L II USM Lens Review
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Leica D-Lux (Typ 109) Hands-on Preview
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Olympus E-P1 vs Panasonic Lumix DMC-GF1
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Town Square
Police: Increased patrols curbing gang violence
Original post made on Nov 24, 2009
Read the full story here Web Link posted Tuesday, November 24, 2009, 4:41 PM
Comments (5)
a resident of Castro City
on Nov 24, 2009 at 8:07 pm
Well, I hope the police get to keep their budget for this. I would hate to see the city say nope we need to cut and then the gang wars rise again. I think public safety should come first. Good job police. Thanks for watching our streets when I warm in bed.
a resident of Old Mountain View
on Nov 25, 2009 at 7:22 am
The community has been arguing for this, so it's nice to know they are patrolling for trouble rather than trying to harvest money from minor traffic infractions from middle class house wives.
a resident of Old Mountain View
on Nov 25, 2009 at 6:05 pm
Put the pressure where it matters most, but let's not forsake traffic enforcement. Driving around MV is a pleasure compared to Palo Alto, where there is very little visible traffic enforcement and a lot more obvious selfish, foolish behaviors: speeding, running red lights, rolling around stop sign corners, etc. All of which do happen in MV, but we do see traffic stops all the time. The message is that this is not tolerated. "Middle class housewives" are over-targeted by traffic enforcement? Gimme a break! You betray something here, methinks.
a resident of Sylvan Park
on Nov 27, 2009 at 6:34 pm
what about all the new graffiti that popped up on el camino in the last few days? driving either way it looks awful, red graffiti murals on windows all kinds of stuff. cmon city and clean it up!
a resident of Blossom Valley
on Dec 7, 2009 at 3:45 pm
A vigilante committee is in order, run them out of town on a rail.
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Category "Science"
Documentary that explores how mankind came to understand the Universe and its origins in the Big Bang. From the earliest people who looked up at the sky and wondered about its nature to modern physicists like Einstein, Gamow, Alpher And Guth. The universe began with a massive expansion, billions and billions of years ago, and it continues to expand with every passing second. The idea that the universe, and man's very existence, began with a "Big Bang" is no longer a topic of debate among most scientists – it is essentially taken as...Watch Documentary
Ötzi the Iceman is the modern nickname of a well-preserved natural mummy of a man from about 3300 BC, found in 1991 in a glacier of the Otztal Alps, near the border between Austria and Italy. The nickname comes from the valley of discovery. He rivals the Egyptian "Ginger" as the oldest known human mummy, and has offered an unprecedented view on the habits of Chalcolithic (Copper Age) Europeans. Ötzi was found by two German tourists, Helmut and Erika Simon, on September 19, 1991. The body was at first thought to be a modern corpse, like several others which had been recently found...Watch Documentary
Superstars Of Speed Brilliant BBC documentary. Jeremy Clarkson finds out why it is that some people can go faster than others. He plays slaps with F1 champion Michael Schumacher, plays tennis against Greg Rusedski, and goes for a spin, literally! with one of Britain's top test...Watch Documentary
Former Conservative MP Michael Portillo pushes his body to the brink of death in an investigation into the science of execution. As the American Supreme Court examines whether the lethal injection is causing prisoners to die in unnecessary pain, Michael sets out to find a solution which is fundamentally humane. Armed with startling new evidence, Michael considers a completely new approach. Will it be the answer? There is only one way to find out – to experience it...Watch Documentary
Is it possible to achieve eternal life? Some believe the first children who will live to the age of 1,000 have already been born. To find out how close humanity is to defeating death, we'll investigate plans to grow replacement body parts in labs, microscopic robots that could wipe out deadly diseases, and the possibility that aging itself can be reversed by taking a page out of one of history's darkest legends. Cambridge University geneticist Aubrey de Grey has famously stated, "The first person to live to be 1,000 years old is certainly alive today …whether they realize it or...Watch Documentary
Warp speed, transporters, wormholes and lasers – they are all staples of science fiction books, movies, and TV shows. But the fantastic world of tomorrow is quickly becoming the futuristic world of today. While you may not be "beaming" to your next appointment any time soon, researchers are preparing for the first tests of a present-day "transporter." And while scientists have long mocked Hollywood's visions of warp speed and faster-than-light travel as prohibited by Einstein's laws, a new generation of physicists continues to rewrite the fundamental rules of the universe. Is...Watch Documentary
The Thrill of Speed The central premise of Speed is an intriguing one, that human beings are the only species capable of exceeding the speed limit that nature intended. Clarkson sets out to explore both what compels us to pursue these limits--often at considerable risk to our own safety--and what effect the quest has on us. The result was an immensely engaging series, a few highlights of which are collected on this...Watch Documentary
Get ready to re-think your ideas of reality. Join UCSD physicist Kim Griest as he takes you on a fascinating excursion, addressing some of the massive efforts and tantalizing bits of evidence which suggest that what goes on in empty space determines the properties of the three-dimensional existence we know and love, and discusses how that reality may be but the wiggling of strings from other...Watch Documentary
Early in the 20th Century, individuals who suffered from mental illness had little hope of recovery. Psychiatric medications had yet to be discovered, and the afflicted were often locked away in overcrowded asylums. In 1935 a radical new medical procedure, called a lobotomy, was being performed on the most severely mentally ill. Initially this form of brain surgery appeared to offer hope for patients by lessening the severity of psychotic symptoms. This is the gripping tale of Dr. Walter Freeman, who in 1936 began performing the operation, and championed it as a general cure for everything...Watch Documentary


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Beyond the Valley of the Malls
Pop quiz: Which iconic image best represents Phoenix -- Camelback Mountain or a strip mall? If you said No. 2, youre a winner.
Rather than dissing the popular building style, Scottsdale Museum of Contemporary Art invited architects to submit proposals for transforming ugly-ass strips into exotic gathering spaces of the future. The results of the Flip a Strip competition will be announced during the SMoCA Fall Opening Party. You can speak with the designers afterward or sneak a peek at the museums other new exhibits, Radical Lace & Subversive Knitting and Pedro Meyers Heresies, the latter a retrospective of the Mexican artists groundbreaking digital photos that is running concurrently with exhibitions at 60 galleries around the world. SMoCA was the only venue in the Southwest to get [the Meyer exhibit], says museum representative Lesley Oliver, and the participating museums get to keep the selections for their permanent collection.
Sat., Oct. 4, 7-9 p.m., 2008
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Mae Kuroki possible homicide victim, son David Kuroki hospitalized with self-inflicted injuries
Only a few hours after Jeremy Wilson was killed near the intersection of 26th and Bryant, another possible homicide victim was discovered on the 8600 block of East Dry Creek Road in Arapahoe County.
The woman who died has just been identified as Mae Kuroki, age 81.
And the person who's been taken into custody in the incident? David Kuroki, her 53-year-old-son, who was subsequently hospitalized after apparently harming himself. Details below.
According to his LinkedIn profile, David Kuroki is a biotechnology professional with Novus Biologicals, whose goal is to "accelerate scientific discovery by developing and marketing unique products for the lifesciences."
A graphic from the Novus Biologicals website.
At around 11:10 a.m. yesterday, according to the Arapahoe County Sheriff's Office, deputies were called to an East Dry Creek Road apartment on what's described as a welfare check.
There they found the the elder Kuroki, who died under circumstances that led investigators to suspect homicide. Law enforcers soon came up with the name of a possible suspect -- David Kuroki -- and put out an alert.
Shortly thereafter, the Douglas County Sheriff's Office received a medical-issue-related call to the 11000 block of East Lansing Circle. The person they found there was David Kuroki, who was transported to a local hospital with "self-inflicted injuries."
The ACSO release continues to identify the incident as a homicide, but there's no reference to an arrest of Mae Kuroki's son or potential charges -- possibly because of his current condition.
Here's an interactive graphic of the area near where Mae Kuroki's body was found. If you have any problems seeing the image, click "View Larger Map."
View Larger Map
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Schedule for Thursday, Dec 20
Boys Basketball- Annandale 58 HLWW 53, ACGC 88 YME 4321 Dec 12
Local News, Multimedia, Sports - The Local Connection
Wheeler Dealer
Boys Basketball- Annandale 58 HLWW 53, ACGC 88 YME 4321 Dec 12
Minneapolis/St. Paul, MN – The Minnesota Twins announced today that they have agreed to terms with right-handed pitcher Mike Pelfrey on a one-year contract. Pelfrey will earn a guaranteed $4,000,000 salary in 2013. Pelfrey, 28, …20 Dec 12
Eden Prairie, MN (December 19, 2012) – Vikings RB Adrian Peterson and Mall of America® are partnering to donate 1,812 toys to the Salvation Army during this holiday season. The number of toys, which matches …20 Dec 12
Vikings Head Coach Leslie Frazier Good morning, guys. Matt Kalil will not be at practice today. He's under the weather a little bit so we're going to hold him out along with Brian Robison, …20 Dec 12
The Wright County Conference is gaining another member in football only. Monday night the Marshall school board voted to accept an invitation to join the league for football only in 2014. Marshall is expected to …20 Dec 12
Boys BB-NYA at Mayer Lutheran KTWN 7:30 pm, Boys BB-Annandale at HLWW, Boys BB-Hutchinson at St. Michael Albertville20 Dec 12
Eden Prairie, MN (December 19, 2012) – Vikings rookie K Blair Walsh has been named the NFC's Special Teams Player of the Week for his Week 15 performance against the St. Louis Rams. The 6th-round …19 Dec 12
Eden Prairie, MN (December 18, 2012) – Vikings RB Adrian Peterson has been selected as the 2012 Ed Block Courage Award recipient by his teammates. During Week 16 of the 2011 season, Peterson tore his ACL and MCL against …19 Dec 12
Check out our Sports Broadcast Schedule! From the Twins, Wild, and Vikings to your local High Schools or Amateur Baseball teams, we've got you covered right here!


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Photo SpecialThe Week's Best & Worst Looks
See this week's star style winners and losers (Why, Jessica, why?). By Serena Kappes
Credit: Ronald Asadorian/Splash
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