Delivery Technology Solutions, Inc. (Pinksheets:DTSL), the leader in delivery management technology, has completed participation at one of the largest restaurant franchisee conventions, held July 22-25, 2010. Its UDS division attended the convention by invitation of the leading franchisor, and was able to showcase its large corporate catering and event management delivery technology platform to many of the thousands of convention attendees, and a range of other potential partners in the industry and associated industries.
“This was our first opportunity to interact face-to-face on a large scale with franchisees from all across American, Canadian, European, Middle Eastern and Asian markets,” said Ryan Coblin, CEO. “We could shake their hands, explain the opportunities our solutions offer, answer their questions and sign them up for follow-up contacts.”
Over the three-day event the company was successful in signing up franchisees that own thousands of locations, and multiple-territory development agents who represent thousands more. These signed prospects will be contacted by the franchisor and UDS to offer them optional programs to expand their customer base, increase sales and build new profits for their restaurants. Qualified franchisees are enrolled in the optional programs, and then UDS proprietary software is implemented at their unit, so orders may be received from the UDS Call Center and Online Ordering technology.
“As exciting as it was to meet the franchisees and development agents,” Mr. Coblin commented, “We also connected with old and new friends in the vendor community, representing some of the most famous brands in the industry, and other Fortune 500 companies, to open and further discussions toward cooperative partnerships to develop greater opportunities within the franchise population.”
The UDS Division is already planning for a larger role in next year’s convention, due to the volume of responses expressed by this year’s attendees, and the warm welcome that was received within the vendor community. While currently in expansion of its in-house sales and marketing department, UDS is expecting to implement up to 1,500 locations before the end of 2010, and many more in 2011.
Delivery Technology Solutions, Inc., is the leader in providing comprehensive custom-developed catering/delivery solutions to industries throughout North America, including restaurants, retail and others. The company’s solutions offer a seamless system that integrates Customer Relationship Management (CRM) and Call Center IT services through a proprietary technology backbone to offer convenience, consistent quality, flexibility, accountability and value for consumers and companies.
White Mountains Insurance Group, Ltd. (NYSE: WTM) reports that its Board of Directors authorised the Company to repurchase up to an additional 600,000 common shares, from time to time, subject to market conditions. This authorisation is in addition to the Company’s existing 1 million share authorization. As of July 31, 2010, the Company had repurchased roughly 840,000 common shares under the original authorization approved in August 2006.
White Mountains Chairman and CEO Ray Barrette stated, “We continue to pursue many value enhancing opportunities, but at current prices we believe buying back shares is the best use of our undeployed capital for now.”
Shares may be purchased in the open market, through privately negotiated transactions or otherwise. The timing and actual number of shares repurchased will depend on a variety of factors, including stock price, alternative opportunities and other market conditions. The repurchase authorisation does not obligate White Mountains to acquire any specific number of shares.
The Company intends to fund any repurchases with available cash.
White Mountains is a Bermuda-domiciled financial services holding company.
Whiting Petroleum Corporation (NYSE: WLL) completed a public offering of $350 million aggregate principal amount of its 61/2% senior subordinated notes due 2018. Whiting received net proceeds of approximately $342.6 million from the offering, after deducting the underwriter discount and commissions and estimated expenses of the offering. Whiting used these net proceeds to repay a portion of the debt outstanding under its credit agreement.
Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company’s largest projects are in the Bakken and Three Forks plays in North Dakota and its Enhanced Oil Recovery fields in Oklahoma and Texas.
John Wiley & Sons, Inc. (NYSE: JWa and JWb) reports that its board of directors has approved a 4,000,000 share repurchase program. Under the program, Wiley will, from time to time, purchase shares of its common stock, depending upon market conditions, in open market or privately negotiated transactions.
“Wiley’s strong cash flow will enable us to repurchase shares, pay dividends, and reduce the Company’s debt, while continuing to invest in organic growth opportunities and acquisitions,” said William J. Pesce, President and CEO.
Wiley recently increased its dividend for the 16th consecutive year and reduced its net debt by $224 million in fiscal year 2010.
Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. Wiley and its acquired companies have published the works of more than 400 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry, and Peace.
Our core businesses publish scientific, technical, medical, and scholarly journals, encyclopedias, books and online products and services; professional/trade books, subscription products, training materials and online applications and Web sites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley’s global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada and Australia.
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