Category Archives: Liberty

ARLINGTON, Va., July 17, 2012 /PRNewswire/ -- ATK (ATK) successfully completed the last Liberty space transportation system milestone under the company's unfunded Space Act Agreement (SAA) with NASA for the Commercial Crew Development Program (CCDev-2).

The final milestone under the SAA was a Program Status Review (PSR) for the Liberty system. During the PSR, the Liberty team presented NASA with detailed progress of the program, including integrated master schedule, DAC cycle status, system requirements, software status, flight test plan, system safety review, ground processing certification plan and schedule for initial operation capability.

The CCDev-2 Liberty SAA enabled NASA and the Liberty team to share technical information related to the Liberty transportation system during the preliminary design review phase of the program. ATK completed five milestones and held three Technical Interchange Meetings, all on internal funding.

"It has been a privilege working with NASA to complete the SAA for the Commercial Crew program," said Kent Rominger, ATK vice president and program manager for Liberty. "The feedback we received from the NASA Liberty team has helped further the development of the entire system and we believe ensures the program is on target for Liberty to provide a capable and safe commercial transportation to the International Space Station (ISS) by mid-decade."

Currently, Liberty's schedule includes unmanned test flights in 2014 and 2015, followed by the first crewed flight in late 2015 with Liberty astronauts. Commercial operational flights to take NASA astronauts to the ISS would begin in 2016.

ATK also hosted a Liberty Supplier conference the day following the PSR. This meeting, held in Florida, brought together more than 20 of Liberty's major suppliers to support Liberty development activities.

"Our supply base is critical to Liberty's success as we move quickly through development of the entire system," said Rominger. "As a commercial program we need to ensure we are a strong team in order to provide the best service and grow a profitable business."

About LibertyLiberty is a complete commercial crew space system that includes a composite spacecraft, abort system, launch vehicle and ground and mission operations, all of which were designed from inception to meet NASA's human-rating requirements. ATK is the prime contractor with Astrium and Lockheed Martin serving as major subcomponent providers. Additional subcontractors for Liberty include Safran/Snecma, Moog Inc., Honeywell, Astrotech Space Operations (ASTC), Aerojet, Reynolds, Smith and Hills, Teledyne Brown, Dynamic Concepts, Inc.and Hamilton Sundstrand.

The Liberty system team is located across 17 states including Alabama, Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Mississippi, Missouri, New York, Ohio, Oregon, Utah, Virginia and Washington. The commercial program will sustain thousands of jobs as well as bring approximately 600 new jobs across the country.

More information on the Liberty system can be found at http://www.libertyspace.us.

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ATK Completes Final Milestone for Liberty under NASA's Commercial Crew Program

TORONTO, ONTARIO--(Marketwire - July 17, 2012) - Liberty Silver Corp. (LSL.TO)(LBSV) will hold a conference call at 4:30 p.m. Eastern Time, Wednesday, July 18, 2012 to discuss its takeover bid for Sennen Resources Ltd. (SN.V).

Mr. Geoff Browne, chairman and CEO, and Mr. Bill Tafuri, president and COO will host the 45-minute call for analysts, investors and the media. Introductory remarks will be followed by a question-and-answer session.

Takeover Bid Circular:

http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00006199

Liberty Silver announced on Monday, July 16, 2012 that it has offered to acquire all of the outstanding common shares of Sennen. The offer represents a 47.3 percent premium on Sennen's recent trading price. Upon successful completion of the takeover bid, Sennen's cash reserves will help advance Liberty Silver's Trinity Silver project in Nevada, and support its value-building consolidation strategy.

About Liberty Silver

Liberty Silver Corp. is focused on exploring and developing mineral properties in North America. The Company is committed to creating value for its shareholders by advancing its projects using its mitigated risk approach to production, developing new resources on its existing properties, and acquiring new properties with potential to expand their resource base. The Trinity Silver property in Pershing County, Nevada is the Company's leading project. Liberty Silver has the right to earn a joint venture interest in the 10,476 acre Trinity property from Renaissance Gold Inc. For more information, go to http://www.libertysilvercorp.com.

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Liberty Silver Investor Update: Conference Call Notification

LIBERTY HILL, Texas, July 16, 2012 /PRNewswire/ -- Michael Cece, owner of Storage Town USA, located at 10640 State Hwy. 29 W., recently added UHaul truck and trailer rentals to the storage business he has been operating since 2000.

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Families needing the finest in moving services now will have increased convenience and a shorter distance to travel when moving, which not only will make their move easier but also will have the positive effect of reducing the amount of carbon emissions released into the atmosphere. U-Haul partnering with business owners across North America to increase convenience for customers while helping our environment is just one of the programs that support U-Haul Company's Corporate Sustainability initiatives.

Storage Town USA can now offer its customers a variety of moving equipment and supplies designed specifically for moving household furnishings, including moving vans, open trailers, closed trailers, furniture pads, appliance dollies, furniture dollies, tow dollies and auto transports. Storage Town USA also will offer sales items to protect their customers' belongings and make moving easier, such as heavy-duty boxes, which are made of up to 90 percent recycled content and are available in a variety of sizes.

"As this area continues to expand rapidly, I felt the need to expand our business and services to accommodate the fast-growing population here in Liberty Hill Texas," Cece said. "U-Haul being the leader in moving equipment and supplies was the obvious choice of companies to partner with."

"U-Haul is proud to be partnering with a quality independent business such as Storage Town USA," exclaimed Gary Bouillion, president, U-Haul Company of Austin. "Michael is a great example of the type of successful business relationship UHaul has established in order to build and maintain a strong network of more than 15,000 independent dealers across North America."

Learn more about Texas: http://www.uhaul.com/SuperGraphics/23/Venture-Across-America-and-Canada-Modern/Texas!

For more information, or to rent your moving equipment today, call 512-515-1543 and ask for Bobby Jamerson, manager. He will be happy to assist you with all your moving and storage needs. Visit http://www.storagetownusa.com. Business hours of operation are: Mon. Fri. 9 a.m. 5 p.m. and Sat. 9 a.m. 3 p.m.

About U-HaulU-Haul was founded by a Navy veteran who grew up during the Great Depression. Tires and gas were still rationed or in short supply during the late 1940s when U-Haul began serving U.S. customers. Today, that background is central to the U-Haul Sustainability Program: "Serving the needs of the present without compromising the ability of future generations to meet their own needs." Our commitment to reduce, reuse and recycle includes fuel-efficient moving vans, neighborhood proximity, moving box reuse, moving pads made from discarded material and packing peanuts that are 100% biodegradable.Learn more about these facts and others at uhaul.com/sustainability.

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Storage Town USA in Liberty Hill, Texas Adds U-Haul Rentals

TORONTO, ONTARIO--(Marketwire -07/16/12)- Liberty Silver Corp. (LSL.TO)(LBSV) today announced an offer to acquire all the outstanding common shares of Sennen Resources Ltd. (SN.V), a junior mineral exploration company.

Under the offer, Sennen shareholders will receive 0.28 of a Liberty Silver common share for each Sennen common share, being an implied offer price per Sennen common share of $0.20. The offer represents a premium of 47.3% to the 20-day volume weighted average trading price ended July 13, 2012, being $0.135. This is also larger in comparison to the average take-over bid premium paid for mining companies listed on the Toronto Stock Exchange and TSX Venture Exchange over the past 12 months of 34.8%. The offer is valued at $13.36 million.

According to Liberty Silver's estimates, the acquisition of Sennen and its financial resources at the offer price is comparable to Liberty Silver completing a private placement of its common shares at approximately $0.71.

Benefits of the offer to Sennen shareholders:

For full details of these benefits, go to the "Question-and-Answer" section of Liberty Silver's take-over-bid circular, filed today on SEDAR at http://www.sedar.com.

"Sennen represents a great opportunity for Liberty Silver at a time of growing consolidation in the global mining industry", Geoff Browne, Liberty Silver's chief executive officer, said. "Depressed valuations for junior mining companies alongside healthy precious metal prices have created an environment ideal for mergers and acquisitions activity."

Mr. Browne added: "Liberty Silver is well-placed to take advantage of these opportunities using our mitigated-risk approach to project evaluation and development. We are confident that the combination of Sennen's cash resources and Liberty Silver's skilled management team and proven risk-mitigation strategy will enable us to advance our promising Trinity Silver project in Nevada and to identify other low-risk projects."

The offer will be made by way of formal take-over-bid circular to be mailed to Sennen shareholders and will be subject to various conditions, including receipt of all required regulatory approvals and not less than 66 2/3% of the Sennen common shares being deposited under the offer and not withdrawn. Further details concerning the offer will be included in the formal offer and take-over-bid circular.

If the transaction is completed, Liberty Silver intends to replace the board and management of Sennen and Sennen's common shares will be delisted from the TSX Venture Exchange.

Liberty Silver has an experienced board of directors comprised of sophisticated and highly-accomplished individuals. Their collective experience and expertise sets Liberty Silver apart from its peers. The eight- member board includes Paul Haggis, one of Canada's most prominent and respected business leaders. Mr. Haggis was recently named chairman of Canadian Pacific Railway Ltd. Mr. Browne, Liberty Silver's chairman and CEO, has over 35 years of experience in the financial services industry in Canada, the U.S. and the U.K.

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Liberty Silver Announces Offer for Sennen Resources

By Edmund Lee - 2012-07-12T22:29:19Z

Billionaire John Malone said his effort to take control of Sirius XM Radio Inc. (SIRI) will eventually lead to a spinoff of the largest U.S. satellite-radio company.

Malones Liberty Media Corp. (LMCA) announced plans six weeks ago to assert control of the satellite-radio company after receiving approval from the Federal Communications Commission. The goal is to spin off Sirius, in keeping with Libertys history of making its properties, including DirecTV and Liberty Global Inc., into their own publicly held companies, he said yesterday.

If Im in control, I like to have separate companies, run independently, with public shareholders investing in that business, Malone told reporters gathered in Sun Valley, Idaho, for an Allen & Co. conference. There is no question eventually Sirius will be an independent company. The question is, in what time frame and in what circumstances?

Liberty needs FCC approval to complete a takeover because Sirius holds airwave licenses issued by the agency. Sirius holds airwave licenses issued by the agency. Sirius, led by CEO Mel Karmazin, has opposed Liberty control in its own FCC filings.

The company will probably execute a so-called Reverse Morris Trust, which involves splitting off its Sirius stake as a separate entity and giving its stockholders the option to hold or sell their Sirius shares, according to James Ratcliffe, an analyst at Barclays Capital Inc. in New York.

Malone said he had dinner with FCC Chairman Julius Genachowski last night, declining to say what was discussed.

Sirius rose 1.7 percent to $2.07 at the close in New York. The stock has climbed 13 percent this year. Liberty shares, up 15 percent in 2012, fell less than 1 percent today to $89.64.

Liberty Media Chief Executive Officer Greg Maffei isnt likely to want the job of running Sirius, Malone said. As head of Liberty, Maffei manages a holding company with a wide range of investments, everything from cable programmer Starz LLC to the Atlanta Braves baseball team.

Gregs not an operating man, Malone said yesterday. There are plenty of good managers, including inside the company.

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Liberty’s Malone Says Sirius Will Eventually Be Spun Off

By Leonard Sparks

Published: 2:00 AM - 07/12/12

LIBERTY A group of Town of Liberty property owners continued its campaign to derail a metal-recycling project on Tuesday, clashing with other residents and town officials who say the project promises much-needed jobs.

Youngs Hill Road homeowners Jeffrey Cohen and Howard Perez took turns criticizing Owego-based Ben Weitsman and Son Inc.'s plans to build a recycling facility on Sheehan Road off Exit 99 of Route 17. Both have also joined two other property owners in filing suit to have a judge overturn a Town Board approved zoning change they claim was done to directly benefit Ben Weitsman and Son Inc.

"I never say something smells funny, but something smells funny," Cohen said.

Ben Weitsman's plan calls for construction of a facility on Sheehan Road. Up to 20 people would be hired to prepare metals for daily shipping to the company's shredding operation in Owego. No shredding will take place in Liberty, owner Adam Weitsman said. And the plans call for new brick buildings, paved parking and landscaping, he said.

"I understand the public but the public's never seen a scrap yard like ours," Weitsman said.

The recycling facility would be located in a six-parcel area that was zoned residential under a revised zoning map approved by the town in 2011.

Town officials said a zoning review committee had intended to zone the parcels as industrial. The Town Board approved a local law in December, "correcting" what it said was a mistake after the recycler showed interest in the land.

"That strip of land is not suitable for much else," Liberty Supervisor Charlie Barbuti told the Planning Board Tuesday.

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Liberty homeowners suspicious of project

BOSTON--(BUSINESS WIRE)--

Liberty Mutual Holding Company Inc., the parent corporation of the Liberty Mutual Insurance group of entities (the Company), is scheduled to review its second quarter financial results on July 25, 2012. At 11:00 a.m. EDT that day, David Long, Liberty Mutual Insurance President and CEO, will host a conference call to discuss the Companys financial results.

The earnings release, financial results and other supplemental information will be available on the website http://www.libertymutual.com/investors prior to the call.

To listen to the call and participate in the Q&A, please dial 8008572190, providing the pass code Liberty when prompted. A replay will be available until 5:00 p.m. on August 1, 2012 at 800-934-9450.

For further information, please contact Alison Erbig, Vice President and Director, Investor Relations, at 617-574-6655 or email investor_relations@libertymutual.com.

About Liberty Mutual Insurance

"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance also ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 31, 2011, Liberty Mutual Insurance had $117.1 billion in consolidated assets, $99.3 billion in consolidated liabilities, and $34.7 billion in annual consolidated revenue.

Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 45,000 people in more than 900 offices throughout the world.

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Liberty Mutual Insurance Schedules Second Quarter 2012 Earnings Conference Call

FT. LAUDERDALE, Fla., July 12, 2012 /PRNewswire/ --Liberty Power, the nation's largest independent retail electric provider, today announced that it was named the largest Hispanic-owned energy company in the country by Hispanic Business Inc.The company was alsorecognized as the eighth largest Hispanic-owned company overall. The Hispanic Business 500 list which ranks, by revenue, the 500 largest Hispanic-owned companies in the United States isnow celebrating its 30th year. The2012 list wasofficially released on June 27thon Hispanic Business.com.

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With $655 million in revenues in 2011, Liberty Power is significantly larger than its counterparts, accounting for more than 36% of the total revenues for the Top 10 Hispanic enterprises in the energy sector. In total, there are nine categories: Automotive, Energy, Finance, Manufacturing, Retail, Service, Transportation, Construction, and Wholesale. The Energy Industry rankings by Hispanic Business were first established in 2009, when Liberty Power ranked as the third largest in that sector based on previous year's revenues of $302 million. That same year the company ranked 21st overall.

Over the last three years, Liberty Power has more than doubled its revenues by expanding its customer base and delivering the offers and exceptional service valued by customers and channel partners alike.The independent energy retailer also experienced significant year-over-year growth as the company grew by 25%, outpacing the Hispanic Business 500 enterprises, which grew by 19% in reaching $38 billion in total revenues.

"Liberty Power is honored to be recognized as the top energy company and the eighth largest Hispanic-owned company on this distinguished list. We would like to thank our team members, our customers, and our business partners. Our achievements over the last decade have been a direct result of working together," said David Hernandez, CEO of Liberty Power.

About Liberty Power Headquartered in Fort Lauderdale, Florida, Liberty Power is the largest independent retail electric provider in the United States based on 2012KEMArankings of retail energy providers. The company is also the first minority-owned, retail electric provider with a national footprint. Currently serving over 170,000 accounts, Liberty Power provides large and small businesses, government agencies, and residential customers, with low-cost electricity and exceptional customer service.

For more information on Liberty Power, please visit http://www.libertypowercorp.com.

Liberty Power is a registered trademark of Liberty Power Corp. LLC encompassing Liberty Power Holdings LLC, Liberty Power Delaware LLC, Liberty Power Maryland LLC, Liberty Power District of Columbia LLC, and LPT LLC, dba LPT SP LLC.Liberty Power is certified and licensed by the Public Utilities/Service Commissions of: CA, CT, DC, DE, IL, ME, MD (IR793), MA (CS-057) MI, NJ (ESL-0001), NY, OH, PA, RI, TX (10118) and VA; as well as the Federal Energy Regulatory Commission.

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Liberty Power named Largest Hispanic-owned Energy Company in United States

BP Plc (BP) has decided to suspend its ambitious offshore oil project in Alaska owing to prohibitive costs and technical setbacks.

Following an 18-month company review, the British behemoth concluded that the project cannot be pursued as planned. BP said that the venture would have taken longer than planned to commence production, which was initially slated for 2011.

BPs Liberty offshore oilfield is located four miles off the northern coast of Alaska in Foggy Island Bay in the Beaufort Sea. The $1.5 billion Liberty project was anticipated to generate 40,000 barrels of oil a day with a recoverable oil reserve of 100 million barrels. Field production was anticipated to last for 20-40 years.

Earlier, BP had stated that Liberty would set standards for Arctic oilfield development being the primary oilfield located exclusively in Federal waters offshore Alaska. As per Reuters, the U.S. Bureau of Ocean Energy Management has nonetheless confirmed that BP had informed the regulatory authority about its intention to redesign the development plan.

Notably, this project has been in the news for years for reported delays and technical glitches. The first well of the Liberty oilfield was discovered by BP in May 1997. A plan initiated way back in 1998 for the development of the offshore field was put on hold in 2002 due to cost overruns. In 2007, a redesigned plan was proposed to the Federal regulator, Minerals Management Service. Representatives of the North Slope Borough and other local organizations considered the plan as innovative and began construction work in 2009 at Endicott for Liberty development.

However, the disastrous oil spill in the Gulf of Mexico in 2010 held back the Liberty project. It called for a fresh inspection of the project, amid regulatory changes and rig-design problems already hindered by delays.

BP holds a Zacks #4 Rank (short-term Sell rating). Longer term, we maintain our Neutral recommendation on the stock. It faces competition from oil majors like ExxonMobil Corporation (XOM) and ConocoPhillips (COP).

Read the Full Research Report on COP

Read the Full Research Report on XOM

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BP Suspends Liberty Venture

INDIANAPOLIS Tamika Catchings scored 23 points, including the winning free throws with 8.4 seconds left, to give the Indiana Fever an 84-82 victory over the Liberty on Tuesday.

Katie Douglas scored 20 points and Shavonte Zellous added 12 as the Fever (10-6) squandered a 12-point lead and trailed by four in the final minutes before rallying.

We did a good job holding our composure down the stretch, Catchings said. When you look at it there are things that youre happy about and things you arent happy about. Just continuing our quest to be a good team. We made some great defensive stops.

Indiana finished 53 percent from the field, including 9 for 18 on 3-pointers.

Cappie Pondexter scored a season-high 33 points and Essence Carson added 14 for the Liberty (6-11), who have lost two straight and six of nine.

[I] felt like we could have won the game, Pondexter said. We had a chance. It seems like we battle this team back and forth, playoffs, regular season, for the past three years ever since Ive been in New York.

Trailing 73-70 midway through the fourth quarter, the Liberty scored seven consecutive points to take their biggest lead. Leilani Mitchell made 3 to tie the score, Pondexter hit a technical free throw called on Indianas Briann January for arguing and then Pondexter made a 3 to put the Liberty up 77-73 with 3/ minutes to go.

Catchings came back with a 3-pointer nearly a minute later and hit another one with 1:53 remaining to give the Fever a 79-77 lead.

Pondexter hit a tying jumper, and Douglas and Pondexter traded 3-pointers 14 seconds apart to leave the score tied at 82 with 35.5 seconds to go.

The Fever passed inbounds with 17.5 seconds left in the game and six seconds to go on the shot clock. The ball went all the way to the backcourt, where January tracked it down, hustled upcourt and missed a desperation shot. Catchings rebounded and was fouled. She made both free throws to put Indiana ahead.

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Liberty fall to Fever in closing seconds