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Zombie Love Dinner Theater at Pere Marquette Lodge
Calling all Zombies! Tired of being judged for munching on the occasional brain? So you're not really "alive" anymore but you can still enjoy socializing with the living and enjoying a hilarious show together! Well, we've got the perfect show for you! Drama! Comedy! …And, of course, Zombies! Dawn your best Living Dead Costume and choose to be a Zombie, or not (its up to you), but we do promise lots of fun for both the living and the undead! No Biting. Join us for an exciting evening of comedy, mystery and zombies at our Mystery Dinner Theater, where you can be the star of the show! Dinner includes fried chicken, mashed potatoes, gravy, coleslaw, vegetable of the day, hot buttered rolls, salad, dessert, coffee, tea and water. Additional beverages can be purchased at the Restaurant Service Window. For more information, call (618) 786-2331.
Farm products available for purchase include plants, fresh fruits and vegetables, plus a wide variety of Amish jams and jellies. A pumpkin patch and corn maze are featured in the fall.
Woodland Palace at Francis Park
A must-see attraction in Kewanee is the Woodland Palace at Francis Park, the first "green" home in Illinois. This unusual home was built way ahead of its time and is filled with engineering wonders. Learn about the quirky and eccentric man who built and lived in the home. Fred Francis was an artist, poet, inventor, builder, mathematician, engineer, and a naturist. Francis started to build the home in 1890 and worked on it for the next thirty-six years. It features hand-carved molding, a water purification system, and is the first house in the state of Illinois to have air-conditioning without the aid of electricity. View the sophisticated achievements of disappearing windows, doors, and more. Visit a home where everything seems to work in harmony. Woodland Palace is open seven days a week from 1:00 p.m. to 5:00 p.m. April through October 1.
A unique, 2,000-acre zoological park which is home to wolves, bison, waterfowl, black bear, elk, cougar, otter, and others. You will enjoy the park's spectacular natural settings, butterfly garden, wildflowers, lakes and restored prairies.
CITY:Hanna City
White Tail Crossing Cabin Village
Eighteen units are available with 1-5 bedrooms. All cabins are very nice, spacious and well-appointed with kitchens, fireplaces, front porches. There are 2 swimming pools, 2 fishing ponds, private hiking trails, 3 hole golf course and much more. Five full hookup campsites are also available. Open March to December 20th every year.
The Walnut Street Winery plus Saunas is unlike many other wineries. We make fine wines in small batches using the best raw materials available from some of the best vineyards all over the world. Our wine garden features a bocce ball court that is 60 feet long and 13 feet wide. You can enjoy your wine out in the open air, along with a delicious Isabell's Pizza or some of the great Wisconsin cheeses that we have available. The wine garden is a unique setting for hosting wedding receptions, class reunions, office parties, Christmas parties and other group events.
State park with hunting, fishing, camping, hiking and picnicking. Concession stand and boat rental available.
Local winery with a General Store, 5 star cuisine at Legends Restaurant, wine cave, open air pavilion, gazebo and much more. Enjoy a glass of wine while listening to live entertainment. Boasts a large childrens play area, large handcarved sculptures, and even a full service gas station at the general store. You must visit to see the magnitude of this destination.
Our farm market features a large variety of farm fresh family grown vegetables. Our sweet corn is picked fresh every morning when its the sweetest. Tomatoes, green beans, pickling cucumbers, broccoli, zucchini and other summer squash, a variety of specialty peppers are among the fresh vegetables we grow here on our farm. If fruit is what you are looking for, you will find our homegrown muskmelon, honeydew and watermelon delicious. We also carry Michigan peaches, pears, nectarines and other in season fruit from the Midwest. We are a working family operated farm. We want you to have a day on the farm experience when you stop by during the summer or the fall. Our tractor/sand box play areas are available all during the season. Our own animals are always here for you to visit, but we do bring in more during the fall season. In the fall we have our family grown pumpkins, gourds, corn shocks, Indian corn and other specialty decorations. Of course we will still have the fall veggies, squash and more, plus the continuing of the summer treats. Know your food! Know your farmer!
Village of Kampsville Campground
Enjoy the beauty and serenity of Calhoun County while camping! The Village of Kampsville Campground, located near the Illinois River, offers electric service, water, sewer and has a shower house.
This golf course has been ranked as one of the top ten 9 hole golf courses in Chicagoland. Situated in Vernon Hills, this challenging 9-hole municipal course boasts small greens, rolling terrain, tight fairways and seven holes featuring water. Golfers of all skill levels will appreciate both the playability and the eye-catching views. The full-service clubhouse features a varied lunch menu, which is served all day and a full-service bar. Banquet facilities available for up to 80 people.
CITY:Vernon Hills
Join thousands of residents and visitors during Market season and connect with growers at Urbana's Market at the Square. Choose locally-raised foods and treasure-hunt among the art and craft vendor booths. Gather information about local non-profits, schools and other community groups on our Community Row. Catch up with friends, take in a set from local performers, and enjoy the public square atmosphere the Market has to offer. Saturday morning at Urbana's Market at the Square is one of our city's signature institutions. It's a great way to kick off your weekend! Open May through November.
Located above Uptowne City Limits, theses suites offer overnight accommodations in the middle of Mt. Sterling. Each suite sleeps up to six people. Each features two bedrooms, large bathrooms and large living-kitchen areas. Suites offer their own washer and dryer, refrigerator, stove, dishes and big screen TVs with cable service. WiFi computer services are included.
CITY:Mount Sterling
University of Illinois Arboretum
The University of Illinois Arboretum is a living laboratory, including plant collections and facilities that support the teaching, research and public service programs of several units throughout campus. Central to the Arboretum was the development of the "All American Selection Trial Gardens" established by a bequest from Miles C. Hartley in the early 90s. Other highlights of the Arboretum include the Welcome Garden, Hosta Garden, Kari Walkway and native ponds plantings, the Idea Garden, sponsored by Champaign County Master Gardeners, and the Japanese Tea and Dry Gardens at the Japan House.
Old-fashioned ice cream shop featuring 51 flavors of ice cream, plus hamburgers and Chicago style hot dogs made with fresh, local products, chicken, pork tenderloins, grilled cheese and more. Also featuring custom made ice cream cakes, cookies and homemade German Chocolate Cake. Union Dairy has been a Freeport tradition since 1914. Dine in or carryout. March thru May and September thru October: Tuesday thru Sunday: 11 am to 9 pm Memorial Day thru Labor Day: Daily: 11 am to 10 pm Lunch: under $10.00. Credit Cards Accepted
President-elect Barack Obama is an avowed fan of the Chicago White Sox, and is often seen wearing a White Sox baseball cap. U.S. Cellular features an exploding scoreboard, an old-time facade, complete with arches and over 40,000 unobstructed-view seats.
Spectacular White Sox baseball, season ticket plans, group outings, party areas, family entertainment, business entertainment, great food, friendly staff and exciting fireworks! Call the sales department for more information at 312-674-1000.
Tuscan Hills Winery, recently opened in 2011, is on Historic Hills Drive, directly behind the Harley Barn. This winery is located on eight picturesque acres which helps bring an Old World Tuscan feel to the heart of Effingham. The owners are focused on creating elegant, approachable, and perfectly balanced wines of the highest quality. Wine tastings, along with space available for reservations makes this a must stop for group tours. Tuscan Hills Winery wants you to "Come as our guest, but leave as our friends." We welcome you to plan your next event at Tuscan Hills Winery - whether it's a beautiful wedding in our vineyard or book the space for your next meeting.
Rolling agricultural fields, reclaimed strip mines, ravines, rocky streams and wooded bluffs dominate the northern half of the Tunnel Hill State Trail. With 47.8 miles (one-way) of crushed gravel surface, extended inclines and dark tunnels, this trail is a difficult one, but one not to pass up, as long as you're up for the challenge. The southern half of the trail explodes with scenery that includes bottomland woods, ponds, streams and marshes. The trail, which winds through seven towns, even touches upon a handful of ghost towns that faded into the landscape after the trains here stopped running.
Galena's only ADA-compliant and climate-controlled trolley service! Daily narrated tours, May-October. Unique group tours, wedding transportation offered year-round.
The TREC trail system is a public trail designed to create recreational opportunities. The trails provide a great place for visitors to exercise, whether its walking, riding bikes, or roller blading. The mission is to develop a countrywide, multi-use trail system, educate the communities on the benefits of the trails, and promote an active lifestyle by providing recreational activities.
Trains, Planes and Automobiles
Geneseo's fastest growing event gets even better. Visit downtown on Saturday as the streets fill up with over 300 vintage cars from all eras, train engines, model trains, airplanes, food and festivities.
Ideally placed in the historic Downtown Alton antique district, the Tiffany Inn is walking distance from shops, restaurants and the casino, with beautiful views of the Mississippi River and Clark Bridge. Located above the Alton Stained Glass Works shop, the inn has three elegant rooms decorated with lovely stained glass and antiques. Amenities include: private baths, air conditioning, mini refrigerators and coffeemakers.
The Stone Cottage - A Loading Dock Guest House
The Stone Cottage, located about 2 miles from the Loading Dock, is a recently remodeled and beautifully appointed home that was built in 1840 and is Grafton's oldest original structure. It features a full kitchen and three bedrooms with beds to sleep eight. The charming modern decor is warm and inviting; the property is perfect for a group getaway.
The Standish House Bed & Breakfast
The Standish House B&B is owned and operated by a direct descendent of Miles Standish and is filled with antiques and collections of Early American history. You'll enjoy canopy beds, sumptuous breakfasts and more. We're only minutes from Lake Carroll and are located on a quiet residential street in the quaint community of Lanark.
The Riverside Cottage - A Loading Dock Guest House
Relax in this riverfront cottage located a block from Main Street in downtown Grafton. This unique, art-filled guest house is just a stone's throw from the Mississippi River. The flower-filled back deck faces the river and the historic Boatworks building, which houses the monthly Riverside Flea Market. A restful atmosphere and overstuffed comfy furniture will entice you to read by the fireplace or paint a picture at the artist's easel. A full kitchen allows for snacks of cooking in style. This cottage is designed for two. Free Wi-fi.
Relax, reflect and unwind in this private guest house that is a turn-of-the-century cottage completely restored with modern amenities. Located high above the confluence of the Mississippi & Illinois Rivers, it offers a quiet retreat with a spectacular view, yet it is only one block from village shops, marina, restaurants, bike trails and the scenic byway.
The Nest at Palisades Cabins offer secluded luxury cabins designed to provide charm, quiet luxury and romance. We're located on a wooded acreage high above the Mississippi River minutes from Savanna, the Palisades State Park and an easy 20 minute drive to Galena.
Magnificent, 1,700-acre museum of trees and plants from around the world. Hiking trails, paved roads, restaurant, gift shop, open-air tram and handicapped accessible facilities.
Looking for a relaxing vacation destination? Look no further! This beautiful family and pet-friendly loft features hardwood floors, vaulted ceilings, two bedrooms, open gathering area with full kitchen, dining area, large living area, washer and dryer, front and rear balconies with a BBQ grill and can accommodate up to 8 people! After all...who wouldn't want to stay on top of an ice cream shop?
Stay at one of the oldest guest houses in Grafton! This guest house boasts historic charm and modern amenities. Located in the center of downtown Grafton, it's within easy walking distance to restaurants, shops, wineries, and the riverfront.
Known for its wide selection of craft beer and hosting exceptional music, The Hangar 9 is arguably Carbondale's best venue for nightlife. Built to resemble an airplane hangar, the building is unmistakable. Located on The Strip in Downtown Carbondale, the bar brings everything from karaoke, open-mic, and trivia to recognizable national acts to the downtown.
Located in the heart of Illinois' Amish country, The Great Pumpkin Patch is a working farm that features beautiful gardens, including a spectacular collection of more than 5,000 mums, and offers its heirloom seeds for sale. Known for its more than 300 varieties of rare pumpkins, squash and gourds from around the globe that are grown right on the farm and displayed in its Great Pumpkin Patch from mid-September through October 31 every year. The on-site Homestead Bakery sells made-from-scratch goodies such as pies and angel food cake during spring, summer and fall.
The Fish Market - A Loading Dock Guest House
This upscale cottage was designed with comfort and fun in mind. Perfect for families or singles, the Guest House sleeps up to 6 with one king size bed and four twin size bunks. A full kitchen and large living room makes for a most relaxing stay. Two televisions and wireless internet access keep you in touch. The Guest House is small-pet friendly with a fenced-in side garden.
Seventy-mile per hour riseballs, 240-foot frozen ropes, soft hands and lightning-quick reactions all wound into seven feverish innings of gritty, gutsy, fast-paced action. Welcome to hard-hittin', fast-pitchin', affordable family fun. Welcome to National Pro Fastpitch! Come out and chear on the teams!
Located at ground level below The Gallery Inn, the Bishop Hill Gallery specializes in artwork and framing. As you enter the gallery, you will notice a great selection of Abraham Lincoln and Civil War photographs and documents, as well as other artwork. You can purchase your art and have it framed by skilled crafts people in the same location.
CITY:Bishop Hill
The Barn at Allen Acres Wedding and Reception Venue
The Barn at Allen Acres Wedding and Reception Venue sits on 3 and 1/2 acres just on the edge of town in Rock Falls IL. The property is surrounded by a cornfield and offers a serene tranquil destination for your wedding and reception. The property is less than a 5 minute drive to restaurants and hotels. The Dairy Barn was built in the 1920's and restored in 2011. It boasts a beautiful 26 foot vaulted ceiling in the upstairs haymow with some of its original architecture still intact. During the process of the restoration, reclaimed barn wood and reclaimed hardware were used whenever possible, maintaining the rustic feel of the Barn. We've added a 5 foot wide set of stairs leading to the upstairs space and a small deck with stairs, off of the back of the Barn, giving the bride a dramatic entrance down the aisle and to the alter. The upstairs haymow has a capacity of 150 people for a wedding ceremony. The downstairs area, where the dairy cows were kept, in the early years of the barn, also has a capacity for 150 people.
CITY:Rock Falls
See displays of early life in this German Catholic community, founded in 1838. The first Franciscans arrived in October 1858, and the three priests and six brothers quickly set about building a parish and friary.
Noted in Midwest Living magazine as "a riverside retreat for the romantic," Tara Point Inn is known for its incredible accommodations and breathtaking views of the Mississippi River. Atop the palisades bluffs above Grafton, visitors can choose either the main inn or a secluded cozy cabin escape to what some call the most pleasantly memorable getaway experiences in the Midwest.
Central Illinois' most unique farm market. Wagon rides, playground, corn maze, farm animals, Apple Express train. Farm market filled with unique gifts, fresh produce and specialty foods such as jams, salsas, soups, etc. The large bakery provides an assortment of fresh baked goods and a great lunch on weekdays. Lunch served on weekends in September and October from The Old Market Eatery.
Swimming Stones / Isaac(squared)
A kinetic water sculpture fountain sculpted by internationally acclaimed artist Christian Tobin Isaac(squared) brings Aurora the most mysterious essence of both science and art. Here the hydrostatic force of water unleashing the kinetic energy of stone creates a work of compelling vitality inviting us to look and linger, talk and even dream. These four massive granite obelisks - 12 feet in height, weighing 4000 pounds each- feature top-stone segments, rhythmically rocking and swiveling, balanced on cushions of water. Each time a top-stone centers itself on the middle of its tower and is restored to equilibrium, the power of gravity is once more proclaimed: each turn of a stone replying to the center of the earth. The elemental effect of the force of water through each of these commanding rock pillars cascading onto the pedestrian walk below brings us together with the laws of nature and the transformational power of art.
Find u-pick asparagus, strawberries, tomatoes and pumpkins. Roadside produce includes sweet corn, muskmelons, peppers and pumpkins. Susie's hosts a Strawberry Festival every June.
CITY:Garden Prairie
Get the rest you need after a long day on the road at our Super 8 Jerseyville hotel. Located on Illinois State Route 109, less than one hour from St. Louis, MO, our hotel makes it easy to enjoy small-town charms with convenient access to big-city excitement. Enjoy queen size beds, recliners in most rooms, satellite TV, free local calls, jacuzzi bathtubs in selected rooms.
Super 8 Alton hotel lets you make the most of your time on the road. Located on Illinois Highway 3 close to Route 67 and Interstates 55 and 270, our Alton, Illinois, hotel is just 30 miles from downtown St. Louis and convenient to popular area attractions, including the Meeting of the Great Rivers Scenic Byway.
Sunnyfield Greenhouse & Garden Center
Professional growers offering 1200 varieties of annuals, perennials, grasses, vegetables & vines. Heirloom tomatoes a specialty. Visit the expanded display gardens to gather ideas and shop a variety of unique gifts and planters for your garden. Landscape design and installation available. Open April 1 through October 31.
Starved Rock State Park Visitors Center
The Starved Rock State Park Visitors Center has several interactive displays, free videos on the park, hiking maps, and more. Trailheads Concessions & Gifts, also located here, is a great place to buy gifts, souvenirs, and snacks (fresh fudge, too)! The Visitor Center and Trailheads are open year-round.
Stang Arts Studio & Gallery features art classes for both children and adults, along with holding various events throughout the year. The artist, Jamie Stang, also specializes in "paint parties." These parties are great for a group, as they feature great food, drinks, music and art. Jamie helps visitors discover their inner-artist while relaxing in a chic studio-style atmosphere. Check out her gallery while you're there too.
Stade's Farm & Market is located in scenic McHenry County in Northeastern Illinois, approximately 50 miles from Chicago. We produce 2,200 acres of crops that range from traditional corn and soybeans to specialty crops including many fruits and vegetables commonly grown in Northern Illinois. Through our own farm market, we sell our fresh fruits and vegetables directly to consumers in our local area. Our goal is to provide our customers with the finest quality produce possible.
The community spirit of Alpha shines bright and brings residents and visitors together to enjoy their lighted parade and festive food. Parade begins at dusk.
Today's Soldier Field comprises two distinct structures. There is classical stone-clad shell designed in the 1920s. Its contemporary interior is a 2003 retrofit designed specifically for the NFL's Chicago Bears. The original stadium seated 120,000. The new Soldier Field seats 61,5000 in a boldly asymmetrical steel and concrete bowl set within the confines of the original colonnades.
A tandem Skydive with Skydive Greater is a fun safe way for you to experience the thrill of skydiving while securely attached to an experience instructor with 1,000 jumps and many years of experience.
Skateland of Jacksonville is the sister rink of Skateland South in Springfield, IL. Whether you are looking for a good way to celebrate a special birthday or if you are just looking to have some fun with the family, come on out to Skateland! Please contact us with any questions you may have, (217) 243-4121.
Located in Read Park, this skate park offers 11,000 square feet of skateboard heaven with obstacles, ramps, rails, ledges, spines and bowls. Built specifically for skateboards and in-line roller skates (sorry, no bikes allowed), the "street course" design mimics skateable features and obstacles found throughout the community. Helmets are required and pads are recommended.
Silver Creek and Stephenson Railroad Antique Steam Train
All aboard, as a 36-ton, 1912 Heisler steam locomotive pulls three cabooses, including an antique red caboose reported to be the oldest in the state, for a four-mile ride through farmlands. Purchase your ticket at the Silver Creek Depot, a turn-of-the-century replica filled with railroad artifacts, and browse the Freight House Gift Shop and visit the Silvercreek Museum across the street. Open: May thru October on selected holiday and weekends; 1 am - 4 pm. Train departs on the hour.
This 260-acre site offers nature trails for visitors to explore wetlands, prairie openings, and sandstone bluffs and ledges. The preserve is home to more than 700 plants and 70 bird species, including bald eagles during the winter months.
The Shawnee National Forest is famed for its awesome Garden of the Gods, and is home to the Rim Rock Recreational Trail (the forest has a system of 403 miles of equestrian/hiking trails). Hikers are greeted by magnificent jutting walls of rock covered with emerald-green moss, and paths that meander through canyons under the forest canopy. Nestled between the Ohio and Mississippi Rivers, the stunning Shawnee National Forest landscape features rolling hills, lakes, creeks and rugged bluffs. If you're into climbing than a must-see is Jackson Falls, located near the town of Ozark in the Hidden Springs Ranger District in Shawnee National Forest. The climb takes place on 60 feet of sandstone cliffs and boulders that include numerous freestanding towers.
The Shawnee Hills Wine Trail features 12 award-winning wineries located along a 25-mile scenic drive along highway 127 and highway 51 in the Shawnee National Forest. Along the way have a picnic, go on a hike, visit a shop, and stay in a cozy B&B or cabin. Many of the wineries host special events throughout the summer and fall.
Come explore the sculptures that have transformed the City of Effingham's avenues into an art gallery. Over 30 sculptures created by some of the Midwest's best known and unknown sculptors bring life to the streets of Effingham as part of the annual "Sculptures on the Avenues" outdoor exhibition. Sculptures on the Avenues is a self-guided walking tour that begins at City Hall, located at 201 E. Jefferson Ave. From there, the exhibition winds in and out of Downtown Effingham. An informative guide, which facilitates a walking tour, is available at the Effingham Visitors Center or City Hall.
Schwartz Orchard in Mt. Vernon
This orchard features fresh-picked apples, peaches, a pumpkin patch, cider and special events for children during apple season.
This golf course is a stunning example of a golf course designed from the early part of the 20th century. Saukie was built in 1927 (opened in 1928) and designed by Thomas Bendelow. This public course is considered to be an "executive length" course and is a classic example of a short course that will challenge every golfer. Tee times available 6 a.m to 6 p.m.
CITY:Rock Island
42 single rooms and eight double rooms with kitchenettes. We also offer a 9 hole golf course and The Sand Trap Bar & Grill.
We would be lying if we didn't say that Saluki Stadium is one of the best college stadiums in the Midwest. Constructed in 2010, this facility is home to the NCAA Division One SIU Football Team and can seat up to 15,000 fans. Enjoy the afternoon with sports, tailgating and more at the Saluki Stadium.
Tour this centennial barn, one of the largest in the country and one of forty-two left in the State of Illinois. It stands 80 feet high and 85 feet in diameter and features a 16-foot diameter floor to ceiling silo. A farm implement museum in on the main floor. Tours are provided by Friends of Johnson's Park Foundation and groups of ten or more asked to call ahead. Open the first, third, and fifth Saturday beginning May through October. Hours: 1 p.m. to 4 p.m.
On the Shawnee Hills Wine Trail, Rustle Hill winery features an amphitheater bandstand for live music, great wines and beers, restaurant and cabins for rent.
Located near the convergence of the Mississippi and Illinois rivers is Grafton - a little town steeped in history. In the heart of that history is the Ruebel Hotel. The Ruebel was built in 1884, caught fire in 1912 and was rebuilt and completely renovated in 1997. The Ruebel Hotel has a magnificently restored bar from the 1904 Worlds Fair in St. Louis. The Ruebel Saloon offers excellent food and a great variety of beer and wines.
Our u-pick apple orchard, located in Northern Illinois, offers family fun & entertainment in a beautiful 120 acre setting. We feature the first apple tree maze in the country, "Amaze N Apples," which is planted with 3,000 apple trees in over 4 acres, hosts 1.5 mile walking trails and 3 activity areas. We also have over 16,000 apple trees including 30 varieties of apples with new varieties being planted each spring. Also giant pumpkins, gourds and squash. Visit our Apple Barn or Harvest Barn for fresh picked apples, pumpkins and our famous apple cider slushees. And don't forget our delicious apple cider! Our Entertainment Area has no admission fee as well. Each guest can purchase Entertainment tokens good for any one of our Train, Carousel, Amaze N Apples, Apple Picking or Weekend Orchard Tour rides. Tokens may be purchased at any register or at our token booth. We are open Mid-August through Mid-November, and we feature both evening and Sunday hours in September and October.
This 94-acre farm features picnic and recreational areas, antique farm equipment, a petting zoo, pony rides and barrel train rides. In fall find a pumpkin patch, haunted barn and pig races.
Located in a historic downtown Alton building, these suites are private, secure and first class in a quiet, relaxing atmosphere. Fully furnished one and two bedroom units. Kitchen, VCR, digital cable, washer and dryer, free local calls. Located within walking distance to local restaurants, clubs and shopping.
Escape to this newly built home in Grafton, Illinois. The Riverfront Guest House is 14 feet off the ground & overlooks the Mississippi River. Relax and enjoy the river traffic on the open deck or the attached 3 season room! This home offers two guestrooms, a fully equipped kitchen, 42" flat screen TV, BBQ Grill, outdoor furniture on the deck and covered parking.
The River View Guest House has it all! Enjoy the comforts of home with amenities that include a kitchenette, family room and a game area with a dart board & a Foosball table. The sofa sleeper and two guest rooms sleeps six people comfortably. This guest house offers a patio and fire pit for outdoor relaxation.
We invite you to stay and experience one of Grafton's newest guesthouses, River Port. You can lounge on the deck furniture on the wrap around porch and enjoy a view of the river, or relax inside the house, enjoying the nautical decor, with a stress free get-away. River Port is just a walk away from the shopping, wineries, restaurants and all that Grafton has to offer!
The Richland Creek Trailhead serves as the main trailhead for the northern end of the Jane Addmas Recreation Trail. It features parking, a large shelter house with electricity, lights and picnic tables, a restroom, water and a primitive campground area.
Richardson Adventure Farm and Corn Maze
Home of the World's Largest Corn Maze! Theres lots to do for all ages -- slides, pedal carts, jumping pillows, a carousel, wagon rides, pig races, and a 50 tall observation tower. For an additional charge, there are pumpkins of all shapes and colors, a train ride, petting zoo, zipline, zorbing, concessions, fresh donuts, fudge, kettle corn, and more! There are 2 kids game trails where parents can take their kids into the big maze, and not get lost! Or, find all of the checkpoints and earn a beautiful, full color certificate. Open until 11pm on Fridays and Saturdays for corn-mazing at night and sitting around a campfire with hot chocolate! Reserve a campfire spot as a base camp for your group!
CITY:Spring Grove
Rendleman Orchards Farm Market
Tree ripened peaches & nectarines from July - August, and apples from September - December. This farm market is open 7 days a week with seasonal produce, preserves, pickles and other specialty food items and gifts.
CITY:Alto Pass
Read Park offers many recreational opportunities and is highlighted by the Read Park Family Aquatic Center, which includes a zero depth pool, water slides and play area, and by a state of the art 11,000 square foot skate park, SK8 Park. This scenic park also features baseball and softball diamonds, tennis courts, sand volleyball courts, an outdoor lighted hockey and ice staking rink, concession stand, picnic areas, shelters, and playgrounds. The Morgan Memorial, a charming statue of two children surrounded by fountains, is a serene spot to enjoy. Park attractions are open seasonally; please call ahead to confirm availability of specific attractions and costs.
Theatergoers love that every seat is a great seat at The Raue Center for the Arts in downtown Crystal Lake. Since its restoration a decade ago, Raue Center has attracted the finest stars, Broadway shows, musicians and artists. Raue Center has become a destination in the heart of a bustling downtown area chock-full of pre- or post-show dining and shopping options.
CITY:Crystal Lake
RAM Restaurant & Brewery - Rosemont
The RAM offers a casual dining atmosphere, including a brew house with adjoining bar/lounge and restaurant areas. Lively environment accompanied by great house-brewed beers and daily food specials.
The premiere, upland-hunting experience in Northern Illinois. Quarry Ridge offers hunting (member or non-member) for rooster pheasant, dove, turkey, deer and moor. Dogs and guides can be provided if needed.
Fifty-room hotel. Minutes from downtown Woodstock.
Pyramid Acres Campground & Marina
Offers gas, bait, tackle, ice, beer, groceries, contour maps and camping with water and electricity. Open all year. Located at the northeastern edge of the lake.
Pumpkin Wine Pairing Dinner at Pere Marquette Lodge
Join us in the Lodge Restaurant for a gourmet dinner party like no other as we challenge our Chef to include the delightful flavors of pumpkin in each delectable dish that is served. Then sip specialty wines chosen to compliment each of the four creative courses as you enjoy the excellent company of Pere Marquette Lodge Wine Club Members. Seats for the dinner are $50 per person and include taxes and gratuity. Choose to stay the night and add two seats to your room reservation for an additional $90. Wine Club Members get an additional 10% off! Does not include room taxes or room reservations. Call 618-786-2331 for details and to make your reservations.
A simple gathering of all things primitive and country. Poppy Seed Primitives is a cozy place where you can find antiques, primitive home decor items and gift ideas. We strive to find products that are unique and sometimes one-of-a-kind. We are proud to offer many items that are made here in the U.S. Some are even locally hand-made. Our inventory is always changing for the seasons. That's just a sampling of what we offer, it's even better to experience it.
Poetry Workshop at the Vachel Lindsay Home
The three-hour workshop – made possible with a grant from the Illinois Arts Council – is meant to help participants write poems that may be submitted for VOLTA, an innovative arts program sponsored by the Vachel Lindsay Association and the Springfield Youth Performance Group Foundation each spring. It is open to students ages 13-18. Space is limited. To register, email the Vachel Lindsay Association at email@example.com. Include your full name, grade, school and hometown.
Pleasant Creek Campground is located 5 miles from the entrance of Starved Rock State Park in the gateway town of Oglesby Illinois. Pleasant Creek Campground is situated in a wooded setting along a tributary of the Virmilion River, surrounded by hills and mature trees. Pleasant Creek Campground has undergone numerous renovations and upgrades. There are 140 spacious sites with plenty of room for slide-outs and awnings. A variety of sites are available. Several sites, including full hook-up sites, are located right along the creek. All sites include a fire ring, picnic table, and varying amount of shade. One highlight of the campground is a spring-fed fishing pond that is naturally maintained year round. Our Camp Store, located at the Welcome Center, is stocked with camping provisions, ice, firewood and all of the supplies that you may have forgotten to pack. Our Bathhouse is equipped with sinks, counter tops, showers, and a laundry room (coin operated). Illinois' Newest RV & Tenting Campground is located just 5 miles from Starved Rock State Park. We have Creekside Campsites, Stocked Fishing Pond, Well Supplied Camp Store. Our Campground Features: Campground Features, BBQs or Fire Pits, Bike & Walk Paths, Dump Station, Fishing Area, Pets Welcome (some restrictions), Picnic Pavilion, Recreation Hall and Security Our Nearby Activities are: Art Festivals, Fishing, Hiking & Biking Trails, Lake Fishing, Restaurants Nearby and Watercraft Rentals.
Established in 1915, this free zoo is open daily, year round. Exhibits include bald eagles, wolves, mountain lions, foxes, otters, elk, goats, llamas, turkeys and peacocks.
The state-of-the-art golf course boasts modern features like "USGA" Greens, multiple tees, larger greens, strategically placed bunkers and water hazards, cart paths, a driving range and a three hole Junior Course. The new driving range has both "All Weather Teeing Surface" for inclement weather and a massive grass tee for a more realistic feel. Phillips Park Golf Course is a quality championship caliber golf course. With three sets of tees, the golf course ranges from 4,760 yards to 6,200 yards, providing a wide range of challenge for varying abilities.
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Step back in time to the days when frontier fur trappers met with fur traders and buyers during this reenactment festival at Pere Marquette State Park. The Second Annual Pere Marquette State Park Rendezvous will be a traditional Pre-1840 event with buckskinned re-enactors portraying primitive traders and campers. There will be period demonstrations, black powder and longbow shoots, camp music and food common to days on the Illinois frontier. The public is invited to attend and admission is free.
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This one-of-a-kind guest house offers one room, a great view of the Illinois River and is easy walking distance to shops, restaurants & wineries.
The urban gateway to nature and science. The Peggy Notebaert Nature Museum is a place where city dwellers can reconnect with the wonder of the natural world. From a hands-on water lab to a wilderness walk to the only international, year-round butterfly haven, science comes alive.
Peace of Earth (an eco-friendly lodging experience) offers you the chance to relax and enjoy nature in a comfortable homey atmosphere in all seasons of the year. Guest rooms, cabins, and the ever-popular Tree House include queen-sized beds and a sitting/ reading area. All our lodging accommodations are television, telephone and internet free. Our great room in the Lodge includes a common area and dining room, both of which feature amazing wildlife viewing through the south-facing forty-foot-long window wall. Cedar decks wrap the Lodge and offer tree-top dining or relaxing. Take Highway 24 north of Rushville Middle School to Route 4 (Ray Road). Lodge is mailbox 41 on Ray Road.
This award-winning (3 1/2 stars in Golf Digest) public course offers incomparable playing conditions on two 18 hole, 72-par courses. The gently rolling terrain, manicured greens and abundant wildflowers make Park Hills Golf Couse the destination for thousands of visitors every year. The West Course is 6600 yards, and the East Course is 6400 yards. Watered fairways, varying distance tees, a 300 yard driving range, clubhouse and pro shop are offered. Green Fees: Weekday - 9 hole: $16; 18 hole: $25, Weekend - 9 hole: $18; 18 hole: $28; Weekday or Weekend Cart Fees: 9 hole: $20; 18 hole: $32.
Established in 1980, Owl Creek Vineyard is the founding vineyard of the Shawnee Hills region. With a strong tradition of award-winning wines, and a belief in educating our consumer, our tasting room has become the perfect place to experience well-crafted Shawnee Hills beverages. Now home to Apple Knocker Hard Cider, an Illinois-based craft cider house that combines our expertise in modern small-lot wine production, and the creativity of craft beer techniques, to produce a new breed of American ciders.
The Outdoor Center Fields are located at First Street, spanning either side of Stadium Drive. Not just for students, but very welcoming to the general public! Reservations for special group outings must be made! Outdoor Center Fields Amenities four lighted football fields two lighted soccer fields three lighted sand volleyball courts three lighted basketball courts six lighted Tennis courts Outdoor Center facility with exterior drinking fountains, restrooms, and a meeting room.
This four acre vineyard hosts three acres of Chambourcin and an acre of Vignoles, which are two of the best grapes to grown in our region. The vineyard and winery is still in full operation run by the Orlandini family with the commitment to providing the top notch quality vintages our customers have grown to expect. When visiting Orlandini Vineyard, customers can enjoy a tranquil experience with a knowledgeable staff to help guide you to find the best wine for your palate. During warmer weather, we offer live music on Saturday afternoons, and our delicious old world style sangria. Year round we offer a variety of beers including local options. We are a family friendly operation that encourages guests to spread out into the yard and spend the day with us.


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USEC Inc. (USU) Q3 2008 Earnings Call Transcript November 5, 2008 8:30 AM ET
Steven Wingfield – Director, IR
John Welch – President and CEO
John Barpoulis – SVP and CFO
Bob Van Namen – SVP, Uranium Enrichment
Lucy Watson – Jefferies
Gabriel Abis [ph] – Goldman Sachs
Tom Lewis – Century Management
Good day and welcome everyone to the USEC Inc.'s third quarter 2008 earnings results conference call. This call is being recorded. With us today from the company is Mr. John Welch, President and Chief Executive Officer, and Mr. Steven Wingfield, the Director of Investor Relations. Management will make opening remarks which will be followed by a question-and-answer period.
At this time, I would like to turn the call over to Steve Wingfield. Please go ahead, sir.
Steven Wingfield
Good morning. Thank you for joining us for USEC's conference call regarding the third quarter, which ended September 30. With me today are John Welch, President and Chief Executive Officer; John Barpoulis, Senior Vice President and Chief Financial Officer; Phil Sewell, Senior Vice President, Van Namen, Senior Vice President; and Tracy Mey, Controller and Chief Accounting Officer.
Before turning the call over to John Welch, I want to welcome all of our callers, as well as those listening to our webcast via the Internet. This conference call follows our earnings news release and separate update on the American Centrifuge project issued yesterday after the markets closed. Those news releases are available on many financial websites, as well as our corporate website usec.com.
I want to inform all of our listeners that our news releases and SEC filings, including our 10-K, 10-Qs, 8-Ks are available on our website. We expect to file our third quarter 10-Q later today. A replay of this call also will be available later this morning on the USEC website.
I would like to remind everyone that certain of the information that we may discuss on this call today maybe considered forward-looking information that involves risk and uncertainty, including assumptions about the future performance of USEC. Our actual results may differ materially from those in our forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in our forward-looking statements is contained in our filings with the SEC, including our annual report on 10-K and subsequent quarterly 10-Qs.
Finally, the forward-looking information provided today is time-sensitive and is accurate only as of today, November 3, 2008. This call is the property of USEC. Any redistribution, retransmission or re-broadcast of this call in any form without the expressed written consent of USEC is strictly prohibited.
Thanks for your participation, and now I would like to turn the call over to John Welch.
John Welch
Good morning to you all and thank you for joining us to discuss our third quarter 2008 results. We have had a busy productive quarter on several fronts regarding our American Centrifuge project. We are also prevailing against significant headwinds during this period as we transition to the more energy efficient centrifuge technology. As this is our practice in these quarterly calls.
John Barpoulis will provide a detail review of our financial results in just a moment. I will start with the brief review of earnings for the quarter and then provide a status report on the American Centrifuge project. Taking a look at the bottom line we earned $8.4 million in the third quarter compared to a net income of $45.6 million in the same quarter last year. For the nine months we earned $23.6 million compared to $71.5 million from the same period last year. These results track to our expectations for the year.
As we noted in our 2008 financial outlook issued in February repeated in April, August and again today, our sales volume will be substantially lower in 2008 than in 2007. We set a record for revenue and volume SWU delivered to customers in 2007, but the flip side of that point we are seeing fewer refueling at the reactors we serve in 2008. Majority of reactors serve by USEC are refueled on an 18 to 24 month cycle and that means we should see SWU volume in 2009 similar to what we saw in 2007.
We also updated our earnings and cash flow guidance. Customers are locking in delivery dates and quantities for the rest of the year, so we have a pretty good handle on the revenue. We tighten the range our net income to a range of $25 million to $40 million and lowered guidance for cash flow used in operations to $90 million to $110 million. The increase in cash flow used in operations is mainly due to higher power cost, we expected to see through the fuel and purchase power cost adjustment and our contract with the Tennessee Valley Authority.
Yesterday we also provided an update on our progress to build the American Centrifuge Plant. There are several major takeaways in the release that I want to emphasize to our investors. First, we are working closely with our strategic suppliers to manufacture the 40 to 50 AC100 machines that will be installed at our Lead Cascade program in Piketon, Ohio. We expect the first of these machines to be delivered over the next couple of weeks. This is an important step forward. Previously we build each centrifuge machine ourselves. Earlier this summer we qualified our strategic suppliers on the components they are responsible for manufacturing. They are now making the centrifuge components and will soon assemble the machines for this larger Cascade.
Our plan is to assemble these AC100 machines and begin operating them individually during the next couple of months. During this period we can prepare and condition them for Cascade operation by the end of the first quarter 2009. Successful results from this Cascade will be an important checkmark on our list of accomplishments before beginning high volume manufacturing of 1000's of centrifuges for our plan.
Second we are continuing our effort to value engineer the AC100 to reduce the cost of manufacturing the production machines. We are working closely with our strategic suppliers to identify, implement and test ways to simplify the design reduce the part count in the machine and it manufacturing economics through automation. We planned to have the design for the AC100 value engineer machine finalize in the spring of 2009.
Third, the Lead Cascade integrated testing and it has been underway since August, 2007 continues to provide us with important information. We've logged more than a 125,000 machine hours since the Lead Cascade operations began. We've recently swapped out some components in the original cascade with AC100 components to give us additional operating hours for the improved parts. Changing the components also allows us to annualize the impact of operations on the components, which is part of our deterministic approach to long-term reliability of the centrifuges.
Fourth, we have submitted both parts of our project applications of the Department of Energy loan guarantee program and have been actively involved in the review process. USEC was the first company to apply to loan guarantee program after this solicitation for projects for this year at the end of June. In the final hours of the application period that ended September 29, our competitor earned by the French government, AREVA was the last company to submit their part one applications for nuclear power projects.
We strongly believe the American Centrifuge is the perfect fit with the loan guarantee program. Our project is tightly align with DOE criteria for the program and both these are effort to reestablish the manufacturing base for this industry in the United States. Importantly we've receive the construction an operating license from the nuclear regulatory commission approximately 18 months ago and our construction is well underway.
AREVA on the other hand has not yet applied for the construction and operating license, a regulatory of process that will take at least 30 months. Under the current legislation that DOE funding authority for loan guarantee program expire September 30, 2009. We have invested about $1 billion of our shareholders money in this project. Higher power prices are constant remainder that is essential to our company that we switch to the more energy efficient centrifuge technology. We have a strong desire to stand our current schedule and we are working closely with the officials has the Department of Energy to keep the review process for the application moving forward.
We are actively seeking a prompt review of our application and a commitment from the Department of Energy. Since the timing of our commitment by DOE for projects is uncertain, on a parallel path we evaluate alternative sources of capital for the project. We must maintain adequate liquidity for our ongoing operations. If we are not able to obtain timely action from DOE or obtain an alternative capital commitment, we will be forced to slow spending on the project or take other actions.
Now, I would like to turn the call over the John Barpoulis, to report on the third quarters; John.
John Barpoulis
Thank you, John and good morning everyone. As John said, our financial results for the quarter and for the nine months track the guidance we provided during the year. Since we expect to issue our detailed 10-Q report later today, I will keep my report to the highlights, so we can get your questions.
Starting at the top-line for the quarter, revenue was $590 million, a decrease of 7% or $44 million over the same quarter last year. As we would expect, SWU sales made up the majority of revenue at $490 million. SWU sales in the third quarter reflected a 2% decline in sales volume, but a 3% increase in the average billed to customers. So, netting of those factors, SWU revenue was $7 million higher quarter-over-quarter.
Uranium revenue was $49 million, which was about half the revenue from uranium recorded in the same quarter last year. Both volume and average price billed to customers decreased significantly. Uranium revenue is a good example of the variability we can see from quarter-to-quarter. In the second quarter, uranium revenue more than doubled year-over-year and in the third quarter it was 50% lower.
Nonetheless, we have seen uranium prices drop in the last few months along with other energy commodities due to selling by financial players and recessionary concerns. Although we believe there is solid demand for uranium over the medium-to-long-term, we are seeing price weakness in the near-term that will impact our uranium revenue line.
Turning back to the quarter, the U.S. government contracts segment, contributed $51 million, 4% more than the same quarter of last year. Looking briefly of revenue from the nine month period, total revenue was down 10%. The timing of reactor refueling can clearly be seen in this period and SWU volume was down 17% in the year-over-year period. Average SWU prices billed to customers increased 1% compared to the same nine month period last year. This fits in with our guidance that SWU sales volume will likely be down approximately 20% this year compared to 2007.
Uranium revenue was 15% higher in the nine month period. Our government contracts segment contributed $167 million, the $25 million or 17% more than the same period of 2007. The increase was due to increased contract work related to cold shutdown efforts at the Portsmouth GDP, revolution of concerns regarding billable and credit costs for DOE contract work from fiscal year 2002 and to a lesser extent the timing of sales for NAC.
Turning next to cost of sales for the LEU segment for the first nine months of 2008, cost of sales for SWU and uranium was $894 million that $82 million or 8% less than the same period a year ago and mainly due to the combination of the decline in SWU sales volume and higher unit costs. As you know, under our monthly moving average inventory methodology cost of sales reflects changes in production and purchase costs.
Our production cost increased 14% during the nine-month period reflecting an 18% increase in the amount of power purchased. You will recall that we are now buying 2000 megawatts of power 24/7 during the non-summer months from TVA. That translates into 1.6 million more megawatt hours of electricity being purchased during the first nine months of this year compared to the same timeframe of 2007.
The additional power is used to increase food production and to underfeed the enrichment process. Production volume is up by 15% as we built inventory in advance of sales in the upcoming quarters as well as taking advantage of the economics of underfeeding. The quantity of uranium that is added to uranium inventory from underfeeding is accounted for as a by-product of the enrichment process.
Production costs are allocated to the uranium obtained from underfeeding based on the net realizable value of the uranium and the remainder of the production cost is allocated through inventory costs. Our overall unit production cost declined 1% during the nine-month period.
The impact of higher prices paid to Russia is also pressuring our margins. In 2008 the price we are paying to Russia under the market based pricing formula is a 11% higher than in 2007. Cost of sales in the government contract segment increased $16 million during the nine-month period compared to the same period last year primarily due to increased contract work related to coal shutdown efforts of the Portsmouth GDP.
Gross profit for the quarter was $48 million a decline of $64 million from the same quarter of last year. Our gross profit margin was 8% for the quarter compared to almost 18% in the same quarter of 2007. For the nine-month period, the gross profit was $151 million, which was $62 million or 29% lower than the same period last year.
The gross profit margin was nearly 13% for the nine months of 2008 compared to 16% in the same period last year. This remains inline with our guidance for a full year gross profit margin of 13% to 14%. Below gross margin, we have expenses for the continued demonstration and development costs of American Centrifuge. The amount expense just $29 million in the quarter and $80 million in the nine-month period.
Compared to last year expenses charged to the project are 6% and 19% lower in the quarter and the nine-month period respectively. The reduction in advanced technology expense is due to reduced activities associated with assembling and testing centrifuges and equipment at our test facilities in Oak Ridge and increased spending in activities related to capitalized construction work in progress on the centrifuge machines and the ACP.
Clearly we have increased the pace of spending on the plant. During the first nine months of 2008, $292 million of spending was capitalized compared to $63 million in the nine month period of 2007. As we continue to move forward with the commercial deployment of the American Centrifuge most of our spending will be capitalized. Total spending in the nine-month period on ACP including accruals was $400 million. We have lowered our projection for spending on the project in 2008 and I will cover that when I discuss our outlook for the remainder of the year.
Selling, general and administrative expense increased by $8 million over the nine month period, compared to 2007. The last year's expense benefited from the reversal of a previously accrued tax penalty of more than $3 million. Compensation and benefit related expenses increased by nearly $2 million and consulting expenses is $1.5 million higher over the nine months compared to 2007.
In drawings comparisons to last year, I am going to focus on the non-diluted earnings per share to keep the comparison even, on that phases going to the bottom line we have recorded net income of $8.4 million or $0.08 per share for the third quarter of 2008 compared to a net income of $45.6 million or $0.52 per share in the same quarter of 2007. In the nine month period we have recorded net income of $23.6 million or $0.21 per share compared to $71.5 million or $0.82 per share in the same period of 2007.
I would also point out that the results in 2007 benefited from $22 million from the non-cash reversal of previously recorded accruals for taxes and interest associated with the accounting standards known as FIN 48. Earnings per share in 2008 do include the impact of the additional 23 million shares issued at the end of September 2007.
Turning next to cash, we had $359 million in cash as of September 30, 2008 compared to $886 million on December 31, 2007 and $504 million at the end of June. Cash flow used in operations in the nine-month period was $184 compared to the cash flow used in operations of $104 million in the first nine months of 2007. The reduction in cash flow from operations was largely the result of a billed and net inventory year-over-year. The other draw on our cash balance with the higher level of capital expenditures related to the American Centrifuge project.
Our cash balance along with access to a $400 million credit facility and anticipated cash generated by operations should be sufficient to meet our cash needs for approximately 9 to 12 months without impacting our current project schedule for the ACP. Our ability to stay on schedule will depend on several factors, including expected cash flow from operations, the anticipated spending profile for the project and our progress in obtaining a financing commitment from DOE under the loan guarantee program.
In the yesterday's new release, we also reset our net income and cash flow guidance for 2008. As noted in the news release, our guidance is subject to a number of assumptions and uncertainties that could affect results. To summarize our guidance, we expect revenue for 2008 to be $1.6 billion with SWU revenue making up $1.2 billion of that total. That is a reduction of approximately $100 million in SWU revenue.
Our updated outlook reiterates our expectation for approximately 20% lower SWU sales in 2008, partially offset by 2% higher prices, as a result of order shifting into 2009. I want to emphasize that these are not lost sales, but rather sales that have moved into the next year. To a lesser extent, we have seen customers requesting higher tails assays in their orders as uranium prices declined in recent months.
We expect uranium revenue to be approximately $190 million, given where uranium prices are right now and our belief that short-term uranium prices are experiencing a market disruption. We are not making some of the opportunistic sales we anticipated earlier in the year. U.S. government contracts and other is expected to be approximately $230 million. Although, our base cost for power is set under a five-year contract with TVA, we expect the fuel cost and purchased power costs adjustment in that contract to increase our costs. This will negatively affect our production cost and cash flow from operations for the rest of 2008.
Through the nine month period, that adjustment was 13%. TVA has eluded us that higher coal prices in the 2008 could push that adjustment significantly higher, but we've all seen the volatility in the energy markets recently. Below the gross profit line, we've lowered our projection for spending related to American Centrifuge. We now expect the expenses to be $115 million for the year and total spending on the product should be in the range of $550 million to $600 million.
Expected spending on the project in 2008 is below the guidance we issued in previous quarters due primarily to the timing of certain project activities that are not expected to effect the schedule completion of the American Centrifuge plan at the end of 2012 and to a lesser extend lower than expected project management and labor costs from the current period.
We tightened our net income expectation to a range of $25 million to $40 million. Cash flow used in operations is expected to be in the range of $90 million to $110 million. We've reduced our cash flow guidance because we expect to spend more an electric power in the fourth quarter. This will be partially offset by the timing of customer collections, payments to Russia and lower expenses on the ACP.
Our sales volume rebound in 2009 to level seen in 2007, we similarly expect cash flow from ops to rebound. To quickly summarize, financial results for the third quarter and year-to-date were inline with our expectations. Looking ahead we see stronger sales in 2009 and improving cash flow from operations. We are continuing to pursue at DOE loan guarantee to raise the substantial capital we need to complete the ACP under our schedule.
And with that operator, we are now ready to take questions from our callers.
Question-and-Answer Session
(Operator instructions) And our first question comes from Laurence Alexander of Jefferies.
Lucy Watson – Jefferies
Hi, this is Lucy Watson sitting in for Laurence.
John Welch
Good morning, Lucy.
Lucy Watson – Jefferies
Good morning. Given the risk that the achievement of $3.8 million through a possibly pushback beyond 2012 due to financing issues. How you that can showing an appropriate return on capital on going today or I guess in other words, the contracts you negotiating now including an exclusive adjustment for the change in fixed cost absorption?
John Welch
Lucy, I'll answer that in two ways. One is we has confirmed in our discussion this morning and you will see in our 10-Q, we are not adjusting our overall schedule for the project. So, we continue to anticipate the $3.8 million will being online at the end of 2012 and second, with our general approach to contracting for ACP has been to wait until we have a very good sense for our costs and our schedule and so, that has been one advantage to waiting to contract for that, but until really over the last six months and so, we're taking into account the cost that we see and the expected structure of our operating cost profile as we contract for that output. Bob anything to add.
Bob Van Namen
Just two other comments, one would be the as the ACP is starting up, we do have our building inventory and we have some flexibility in the way we sell that inventory as we are going through the start up process and then again we do see substantial opportunities for continued operations from Paducah whether it would be for low and rich uranium productions shifting of higher assay tails or other mission. So, we do have several moving parts, but we are very conscious of making sure that the prices were looking for under those future deliveries will be aligned with our cost structure.
Lucy Watson – Jefferies
Okay, in the past you have suggested cash flow from operations in 2009 would be an improvement on 2008. I am just wondering what's your level of confidence is the cash flow from of the next will be process?
John Barpoulis
We are not yet giving our guidance for 2009, but as hopefully we communicated in our comments this morning and you will see in our 10-Q. we are, again reinforcing significantly higher sales volumes in 2009 similar to that in 2007 in which that will be improved – significantly improved cash flow from operations. And but at this point I can't give specific numbers or guidance, but we will clearly being expecting to do so in conjunction with our 10-K and comments in February.
Lucy Watson – Jefferies
Okay, and given the decreased wage in project management spending on the ACP in 2008, have you made any adjustments to the labor and project management cost forecast for the ACP going forward?
John Barpoulis
No, we are certainly taking into account and looking at the experience that we are seeing to-date and the extent that there are material changes we will adjust our forecast, but at this point we are not making any changes to the forecast.
Lucy Watson – Jefferies
Thank you.
John Barpoulis
Thank you.
We will take our next question from Gabriel Abis [ph] of Goldman Sachs.
Gabriel Abis – Goldman Sachs
So just (inaudible) almost the last question given the recent drop in commodity cost, does that provide additional headroom under the $3.5 billion cost to have or have these cost kind of being locked in already?
John Barpoulis
Certain costs have been locked in. we have during the quarter made some additional procurements raw materials. We will continue to make procurements throughout the builds and deployment of the project and again similar to the comment on labor, I don't think we are at a point, where we are updating any forecast, although candidly, I think we are certainly thankful with that. This is one way that the declining potential recessionary economy can benefit the overall pressure that we have seen over the past year or two years on build costs for plants and other infrastructure.
Gabriel Abis – Goldman Sachs
Okay and can you walk through the importance of setting up the ACP subsidiary? And was this done impart to potentially how facilitated third-party investment?
John Barpoulis
The DOE loan guarantee is following a very traditional product finance approach and so we have established the subsidiaries really to affect the DOE loan guarantee and so that is our very clear objective in establishing the entities. At the same time that may provide us with additional flexibility with respect to investors of that level and we have certainly seen AREVA do that with their George Besse II plants and so that is something that we will be contemplating and potentially looking at over the coming months.
Gabriel Abis – Goldman Sachs
And any sort of looking to who this kind of candidate might be? Would it be like a government or private equity for this third-party investment that you mentioned?
John Barpoulis
To the extent we see anything on that front we will certainly let you know, but at this point I don't want to forecast or speculate on that kind of entity that might be interested in that kind of investment.
Gabriel Abis – Goldman Sachs
Okay, and finally, the gross profit in the backlog is $74 million with revenues of $140 million, this implied gross margin was kind of a higher than your previous corporate average. How should we be looking at this?
John Barpoulis
Gaby can you just restate those numbers and reiterate the question? Sorry,
Gabriel Abis – Goldman Sachs
Sure. The gross profit for the backlog that you guys have, the deferred revenue was $74 million, while the revenues that were locked in where $140 million? So inside gross margin was a well above your corporate average and I wanted to know how we should be looking at this going forward?
John Barpoulis
I think, if you are looking at deferred revenue cost. Those items are very much linked to uranium and the timing for the recognition of that uranium is very much depended again on when LEU leaves the sight and so, I wouldn't look fore say specifically at the gross margin on the deferred revenues and costs, but again we are reinforcing our guidance for overall gross profit margin this year for 13% to 14% and again when we get into 2009, we will be providing additional guidance for gross profit margin on the whole.
Gabriel Abis – Goldman Sachs
Thank you very much.
John Barpoulis
Okay, your next question from Tom Lewis of Century Management.
Tom Lewis – Century Management
Yes, good morning.
John Welch
Good morning, Tom.
Tom Lewis – Century Management
Yes, first off in you are kinds of focusing on your comments about the customers requesting higher tail assays we have watched the price – the market price, which doesn't seem to figure much into your realized revenues of uranium come down. We have seen SWU moving up to that at a nice pace and at least one concern that perhaps already dipping point that could effect your ability to realize value from uranium and all of that, but I'm wondering is there anything about the supply and demand for uranium besides the unwinding of speculative positions that could be putting downward pressure on uranium that we should be thinking about?
Bob Van Namen
Bob Van Namen here. There is no doubt uranium has been through an incredible year volatility, and as you know for a number of years uranium supply has been only above 50% of demand. Inventories have been liquidated, new mines are needed to meet the long term demand and that fundamental has not changed. The recent turmoil in the financial markets as far as many investors who had taken positions in uranium actually liquidate those position to raise cash and they were making those sales at what we considered to be lower prices than the overall fundamentals in the market would dictate.
We do see that most of that selling is complete and we have observed a recent firming in the market. It's also worth noting that the long term market has been much less volatile than the spot prices. USEC definitely has an advantage when uranium prices are higher as uranium provides – it provides us uranium that we can sell at attractive margins, but right now with prices that are lower than they have been in just the last year and its counter prices are increasing. We are taking a careful look in our operations and the way we balanced out uranium in SWU supply.
We continue to see long term strong fundamentals in the uranium market and we really see few opportunities for now in and making any opportunistic sales, but we are looking forward and seeing some pretty good opportunities still.
Tom Lewis – Century Management
So, if you take that the while we see at across all asset categories, you take that force liquidation out of the equation Bob would you bet up or down on the price of uranium?
Bob Van Namen
Not being a speculative guy, again we I do think that that speculation has been driving the price decline. We have seen an upturn over the last several weeks and I would see that continuing in the near term.
Tom Lewis – Century Management
Okay, great and its sounds like none of this should really affect the tone of the conversations that you are having on long-term commitments for the output the ACP, is that a fair assessment or is it giving some of your – the guys across the table pauses to what they want to log into?
Bob Van Namen
No, I think that the as that you really do see as uranium prices have dropped, SWU prices have continue to increase that you are looking at, two fundamentally separate markets and we see the continued need for the new production in the enrichment market, continued interest from our customers and signing long-term contract to bring that new production online. So, they are playing out in very different market environment.
Tom Lewis – Century Management
Okay. Now, the question, I am looking at your 125,000 machine hours on ACP and talking about, providing data to the DOE for the loan decision. It kind of I am sitting here wondering, is there is something – is there are work to do? Is there are debt of something you need to get done on the technical nature to get this thing approved after all that work?
Bob Van Namen
No, I don't think so from a technical achievement standpoint, Tom but as you can appreciate that any loan or loan commitment is subject to due diligence and although this is technology that is based on the DOEs technology. There are certain boxes that we expect to have to check including independent advisor review as well.
Tom Lewis – Century Management
So this is not a matter of technical proof, it is a matter of like big project that has to work through the process there in Washington?
John Welch
It would certainly be our viewpoint.
Tom Lewis – Century Management
Okay. Last question, I know you don't want to – maybe you don't want to speak, you have given 2009 guidance when you get there, but I am just trying to think about what the price realizations on your contracts might be and again I know that the spot market and contract market are two different worlds, but if you got nine months into it with your – can you talk to why your realized prices are only up 1% this year in a much stronger market and that? And what the implications might be for next year?
John Barpoulis
As John said, we were seeing substantially lower demand from our existing customers and much of that was based on older prices, the older contracts with lower prices. So, we do see continued upturn in prices going forward, outpacing where we were, a number of order movements going into 2009 from 2008 contribute to that price. The price movements from year-to-year, but we do see continued firming and tracking with market prices, which are now up about 11% this year up to roughly – $150 to SWU.
Tom Lewis – Century Management
Alright, thanks a lot.
John Barpoulis
Okay. Thank you Tom
And gentlemen there are no other questions.
John Welch
Well, thank you for your questions this morning. In summary, we have made great progress on many fronts on the American Centrifuge project during the quarter and we are actively engaged with DOE regarding the loan guarantee program and you can be assured we're keeping the short focus on our current operations. We have a vision for delivering a long-term shareholder value and we are focused on executing that plan. Thank you for your interest and investment in USEC. Have a good day.
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subset: commoncrawl


text:
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From an original field of over 1,100 writers and after 3 rounds of
challenges, we finally have our winners! The 40 finalists in
the third round were challenged to create an original screenplay no
longer than 5 pages using the following assignment:
Genre: Open
Subject: A hidden door
Character: A homeschooled child
Congratulations to the winners listed below, to all the finalists
for making it through each round of increasingly intense competition, and to everyone that completed the challenge this year!
#1 ''The Dancer'' by Paul Searles LOGLINE - As a precocious orphan
girl in a besieged city tries to hide her secret from an oppressive
regime, an unexpected hero enters her life.
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While we send e-mails at the beginning of each round to all registered
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Bay's Hotel Spetses: Find photos, reviews, information, amenities and compare prices for 3 stars hotels in Spetses Town, Greece.
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Home » Others Wallpapers » Chile Patagonia
Chile Patagonia
Description: Chile Patagonia from the above 1889x1264 resolutions which is part of the Others Wallpapers directory. Download this image for free in HD resolution the choice "download button" below. If you do not find the exact resolution you are looking for, then go for a native or higher resolution.
Detail Of Chile Patagonia
Author : Alayziah
Posted : May 23, 2016 at 1:44 pm
Category : Others Wallpapers
Viewed : 116 Visitor
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Resolution : 1889x1264 Pixel
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text: Jim McIsaac, Getty Images [ Jets Have NFL's Highest Average Ticket Price, Study Shows By Associated Press September 6, 2012 The New York Jets are tops in the NFL -- in average ticket prices. Read More Category: New Jersey News Tags: **, average ticket prices, New York Jets, NFL Send to a friend! Share on Facebook Share on Twitter Pin it! Reddit This! Share on Tumblr!


text:
Wisdom Natural, Wisdom of the Ancients, Cream of Coco, Sustainable Soap, 2 Hand Cut Bars, 7.06 oz (200 g) (Discontinued Item)
Shipping Weight:?0.47 lbs (0.21 kg)Shipping WeightThe Shipping Weight includes the product, protective packaging material and the actual shipping box. In addition, the Shipping Weight may be adjusted for the Dimensional Weight (e.g. length, width & height) of a package. It is important to note that certain types of products (e.g. glass containers, liquids, fragile, refrigerated or ice packed) will often require protective packaging material. As such, these products will reflect a higher Shipping Weight compared to the unprotected product.
- Product Code: WDN-12431
- UPC Code: 716123124317
- Package Quantity: 7.06 oz (200 g)
- Dimensions: 1.1 x 3.6 x 4.3 in, 0.4 lbs (0.18 kg)
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Cream of Coco Soap is a natural and sustainably produced soap from the heart of the Paraguayan rainforest. It comes from the "Mbocaya," the edible nut of a fruit that grows on the Paraguayan coco tree.*
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*This unique tree is of the palm family, but it is not a coconut tree.
Suggested Use
Cream of Coco is ideal as a gentle face wash or soothing body wash. Simply wet face or body and cleanse skin with soap. This soap is gentle enough for your hair.
No animal by-products.
No resources depleted.
Not tested on animals.
Mbocaya nut oil, sodium hydroxide, hyposulfite of sodium and petit grain.
Works very well. Also use it for my hair. Scents is different, but I am getting used to it.
I have been using Cream of Coco for a few week snow, and I'm still not too sure whether I like it or not. I had hoped that it would help to clear a patch of excema, but so far it has had no effect other than to sting! I'm also not too sure whther I like the smell or not.
simple and good
Posted by 5085436965328009864 on Oct 09, 2013
It lathers up easily. I like to use it for my hair. I like its smell also. I will buy some for my friend next time.
Healing Skin
Posted by 4points on Nov 25, 2012
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Sustainable soap
Posted by Reviewer1078931 on May 18, 2011
I love the whole idea. Great product, responsible company. Feel good using these soaps, mentally and physically.
Good soap.
Posted by Reviewer1506857 on May 12, 2011
Works very well. Also use it for my hair. Scents is different, but I am getting used to it.
didn't love it
Posted by Reviewer1139998 on Nov 30, 2010
The scent was too strong.


text:
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text:
When searching for dividend stocks, investors look for not only a strong dividend yield, but the sustainability of a high dividend. One such example is Banco Santander (NYSE:SAN), based in Spain and primarily engaged in retail banking. Investors can take advantage of the general European economic jitters and buy this high yielder at a great price. With all of the drama going on overseas, SAN declined steadily throughout 2010 and 2011, and has leveled off this year.
First, some fundamentals. Currently trading at $7.72, the stock only trades at 8.22 times TTM earnings. After a mediocre 2012, analysts expect earnings of $0.80 in 2013, and increasing to around $1.00 per share in 2014. This means that the stock is currently trading at 9.65 times forward earnings, still well below the industry average of 17.35.
Santander is one of the "cheapest" stocks in the regional banks sector, currently trading at 0.75 times book value, compared with 1.33 times book for other regional banks. Additionally, over the past 12 months, revenues have increased by 6.27%, as opposed to a decrease of 0.33% for the sector.
This all sounds good, but what about that dividend. Due to economic conditions in Europe over the past few years, the company's earnings have declined, mainly due to bad assets the company had to take a loss on. However, they still have earned enough, and are projected to continue to earn enough, to pay their large dividend, which is an annual yield of 10.82% as of this writing. A side note for the chart below is that the fluctuations in the annual dividends are mainly due to the exchange rate, and not due to cuts or raises of the actual amount.
Finally, a dividend this good is not without risk. The worst-case scenario for investors is a continued worsening of economic conditions in Europe. Further losses could indeed cause dividend cuts, as well as diminished share price. If you feel like I do, that Europe's financial problems will be solved in the near future, through bailouts or by some other means, Banco Santander is a great yield at an even better price.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


text:
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32 CFR 807.5 - Processing requests.
Beta! The text on the eCFR tab represents the unofficial eCFR text at ecfr.gov.
§ 807.5 Processing requests.
Payment is required before shipping the requested material. Payment must be by check or money order.
(a) Upon receipt of the request, determine the cost involved and request the material.
(b) Upon receipt of the item, advise the requester to resubmit the required payment and send the material after payment is received.
(c) If the material cannot be obtained, advise the requester of the reason.