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Category Archives: Liberty
Liberty Interactive Seeks New Class for Women's eCommerce Network
Posted: June 29, 2012 at 7:12 pm
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Liberty Interactive (Nasdaq: LINTA, LINTB) today announced that it is accepting proposals for participation in the 2013 Women's eCommerce Network (WeCN) program.
The WeCN pairs ten established business leaders (the Council) with five early stage eCommerce companies (the Class) for a unique, six month mentorship period. The program commences with a Summit in Silicon Valley, where each Class member is paired with two Council members who will counsel and mentor her through a targeted, business-enhancing project. The six month mentorship later culminates in a graduation ceremony in the spring of 2013.
The WeCN is a candid and immersive forum for education around real-world experiences and pain points like scaling the business and refining the business pitch. It also provides exposure to best practices and networking opportunities with the broader Council through the Summit and an active Alumni network. The program was established in 2011 to nurture and inspire promising and still-young eCommerce businesses with women at the helm. This program is in its second year and is sponsored by Liberty Interactive.
Women entrepreneurs with eCommerce businesses are encouraged to apply now for selection to this years Class. The WeCN is seeking founders and CEOs of revenue generating companies that have been in business for at least one year. Applications can be obtained by emailing: WeCN@LibertyInteractive.com. Deadline to submit is July 20, 2012.
The WeCNs inaugural year paired Class members from dynamic early stage brands with a distinguished Council that included leaders from Backcountry.com, Drugstore.com, Gilt, Kleiner Perkins, Lockerz, One Kings Lane, ShopRunner and TripAdvisor. The Class was comprised of 20x200, 3floz.com, FashionStake, Foodzie and Style for Hire. Executives from Liberty Interactive and QVC, including Greg Maffei, Liberty President and CEO, Andrea Wong, Liberty Board Member and President of International for Sony Pictures Entertainment, and Claire Watts, CEO, QVC US also participated in last years program.
About Liberty Interactive Corporation
Liberty Interactive (Nasdaq: LINTA, LINTB) owns interests in a broad range of digital commerce businesses including QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com, Evite, and Expedia.
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ATK Signs Teaming Agreement for Liberty Transportation Service
Posted: June 28, 2012 at 8:21 pm
ARLINGTON, Va., June 28, 2012 /PRNewswire/ -- ATK (ATK) and Astrium North America have signed a teaming agreement with NanoRacks, LLC, for NanoRacks to market opportunities for both astronaut explorers and the experiments they plan to carry into space on board the Liberty Transportation Service.
"NanoRacks is a world leader in understanding the emerging commercial market for low Earth orbit utilization," said Kent Rominger, ATK's Liberty Program Manager. "Jeff Manber and his NanoRacks team will bring the tremendous capability of the Liberty Transportation Service to this community worldwide. The prospects are very exciting."
The Liberty Transportation Service offers researchers world-wide the opportunity to fly into low Earth orbit with their researcheither to the International Space Station, to other on-orbit space craft for human-tended operations or to use a Liberty mission on-orbit as their own unique research platform. The Liberty team will work with NanoRacks to develop Liberty missions that allow use of low Earth orbit by non-NASA individuals, such as astronauts from other countries, as well as the delivery of innovative solutions for NASA commercial crew and cargo missions.
This teaming agreement allows NanoRacks to market to explorers from around the globe a Liberty mission consisting of transportation into low Earth orbit, on-orbit operations and a safe return to Earth for up to seven people and their research and/or equipment.
The Liberty team selected NanoRacks because of its proven performance and unique history of innovatively managing a number of International Space Station payloads and commercial astronaut programs. NanoRacks is already working with Astrium North America to provide quality hardware and services for the U.S. National Laboratory on board the International Space Station.
NanoRacks has developed and deployed two research platforms onboard the International Space Station's U.S. National Laboratory, which can house plug-and-play payloads using CubeSat. NanoRacks has a signed customer pipeline of over 50 payloads including domestic and international educational institutions, research organizations and government organizations.
"The possibilities with Liberty are exponential," said Jeff Manber, CEO of NanoRacks. "For the first time we are offering people across the globe an opportunity to use Liberty to create their own missions of exploration and discovery. This will greatly expand the use of the ISS for research and also create novel missions using Liberty in low Earth orbit."
"We look forward to expanding our work with NanoRacks as it brings Liberty to new customers worldwide for commercial missions to ISS and other LEO missions," said John Schumacher, President of Astrium in North America. "This builds on research and human space flight-related operations we have done in Florida and Texas with the NASA team for over a decade."
Liberty is a complete commercial crew system that includes a human-rated composite spacecraft, advanced abort system, a reliable, affordable and capable commercial launch vehicle to low Earth orbit and ground and mission operations, which were all designed from inception to meet NASA's human-rating requirements.Unmanned test flights are planned for 2014 and 2015, followed by the first human flights in 2015 with a Liberty flight crew flying to the International Space Station.
ATK is the team lead, with Astrium and Lockheed Martin serving as major subcomponent providers. Additional subcontractors for Liberty include Safran, Moog Inc., Honeywell, Astrotech Space Operations (ASTC), Aerojet, Reynolds, Smith and Hills, Dynamic Concepts, Inc, Hamilton Sundstrand, L-3 Cincinnati Electronics and Teledyne Brown.
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Liberty Star Announces CEO Briscoe to Meet With Shareholders Throughout USA on a Whirlwind Trip
Posted: at 8:21 pm
TUCSON, Ariz.--(BUSINESS WIRE)--
Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (OTCBB: LBSR) is pleased to announce that starting July 5th Liberty Stars CEO, James A. Briscoe, will visit 19 cities throughout the United States to present and discuss the future outlook of the Companys various projects in Alaska and Arizona.
Invitations to the Companys shareholders were mailed via US Postal Service. Included with the invitation are Mr. Briscoes schedule of appearances and an RSVP. Interested parties are invited as well:
Dear Liberty Star Shareholder and Interested Parties,
This is an exciting period for Liberty Star Uranium and Metals Corp. As you have seen by our latest news releases (NR 124 & NR 125) our S-1 application to the SEC has been approved and our financing agreement with Fairhills is now active. This gives us the right to draw down $10 million over the next 36 months at our discretion. But this agreement is non-exclusive so we also have the right to do any other financing deal or joint venture with any party we might choose. And we are not obligated to draw down money from Fairhills unless we choose to do so.
We have been working diligently over the period starting with the company inception to define drill targets. I will make a presentation that will review the current status of our projects. We are now to the point that we could start drilling . . .
View the entire letter on the Liberty Star website under the J.A. Briscoe Whirlwind Trip tab. You can RSVP to the event in/near your city on the website or email info@libertystaruranium.com.
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Kensington producer’s musical about Statue of Liberty debuts this week
Posted: at 8:21 pm
At last: A musical about the Statue of Liberty that a Kensington theater producer has championed for four years will make its debut.
A girl in a copper-brown gown will step onto the stage of the Warner Theatre in Torrington, Conn., Saturday and sing the story of how Lady Liberty an immigrant, like so many New Yorkers came to America.
Shes a young person on a journey to find herself, said Theresa Wozunk, producer of Liberty: A Monumental New Musical.
In 2008, Wozunk bought the rights to produce the show commercially because shes fascinated with the iconic statue. Her interest was inspired by family tales about her Italian grandpa.
Enrico Ciampoli joined the Army at age 17 and fought in World War I for his new country, where hed settled the year before against his parents wishes.
He was completely devoted to America, said Wozunk, 50. He taught himself English by reading the newspapers and never uttered another word of Italian in public.
Lady Ls got dramatic tales to tell, too.
She was almost deported, said Wozunk.
The U.S. government cut the funding for the statues pedestal and had nowhere to put her, and nearly sent her back to France. She sat in 300-plus crates on what is now Liberty Island.
P.S.: Lady Libertys gown isnt green in the musical because it took 20 years for the copper shes made of to turn that color.
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ATK Completes Software TIM for Liberty under NASA's Commercial Crew Program
Posted: at 8:21 pm
ARLINGTON, Va., June 28, 2012 /PRNewswire/ -- ATK (ATK) completed its Liberty software technical interface meeting (TIM), which was held to support further development of the Liberty space transportation system under the company's Space Act Agreement (SAA) with NASA for the Commercial Crew Development Program.
The software TIM was conducted to evaluate Liberty's software development plan with the NASA Liberty team. The plan governs the software process used by Liberty and its subcontractors throughout development, integration, test and flight.
"Understanding how your system will work together throughout the mission is critical in reducing risk and schedule delays," said Kent Rominger, ATK Vice President and Program Manager for Liberty. "Holding this TIM provides us valuable insight into expertise provided by the NASA team and ensures there are no issues we are overlooking."
The development of software is critical for understanding the entire system to support Liberty's test flights. Unmanned test flights are scheduled for 2014 and 2015, followed by the first crewed flights in 2015 with Liberty astronauts.
The TIM was held this month at Ball Aerospace & Technologies Corp.'s Boulder campus and the Lockheed Martin Waterton facility near Denver.The team also toured both facilities, including the integration and test laboratories where Liberty's flight and ground software will be checked out prior to its test flights.
Team members involved with Liberty's software development include ATK (first stage and ground support equipment (GSE)), Lockheed Martin (spacecraft subsystem support, launch vehicle ascent control and spacecraft GSE), Ball Aerospace ((Situation Awareness Fault Evaluation (SAFE) and Subsystems)), Astrium (second stage) and L3 Communications Cincinnati Electronics (Integrated Avionics and Flight Safety Systems), and Teledyne Brown (cargo carrier).
The CCDev-2 Liberty unfunded SAA enables 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 has completed four milestones and held three TIMs, all on internal funding. The fifth and final milestone under the agreement is schedule for July.
"This SAA with NASA's Commercial Crew Program has enabled us to further advance development as we receive valuable feedback from a team of experienced human space flight experts," said Rominger. "As a result, we are able to offer a complete commercial crew service, and provide safe, reliable, cost-effective crew transportation to low Earth orbit."
ATK announced last month it had developed Liberty into a complete commercial crew transportation system, including the Liberty composite spacecraft, abort system, launch vehicle and ground and mission operations, all designed from inception to meet NASA's human-rating requirements.
Additional subcontractors for Liberty include Safran/Snecma, Moog Inc., Honeywell, Astrotech Space Operations (ASTC), Aerojet, Reynolds, Smith and Hills, Dynamic Concepts, Inc. and Hamilton Sundstrand. More information on the Liberty system can be found at http://www.libertyspace.us
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Liberty second stage one step closer to production
Posted: at 8:21 pm
ARLINGTON, Va., June 28, 2012 /PRNewswire/ --Astrium, the number one company in Europe for space technologies and systems, has successfully completed a set of tests on tank structures proving that key design and manufacturing processes used for Ariane launchers are ready for production of the Liberty commercial launch vehicle second stage with ATK (ATK).
Download film of the tests at: http://46.218.194.177/astrium/ASTRIUM_LIBERTY
The tests covering load-carrying cryogenic tanks demonstrate that existing Astrium processes can be leveraged to confirm the overall Liberty schedule and enable a speedy entry into service and into orbit. Astrium is also working on leaner production processes for the second stage to bring best value to the Liberty launch vehicle.
Liberty is a complete commercial crew transportation service, including the spacecraft, abort system, launch vehicle, and both ground and mission operations, designed from inception to meet NASA's human-rating requirements with a planned first test flight in 2014 and Liberty crewed flight in 2015. Astrium, as a major subcontractor, will provide the second stage of the Liberty launch vehicle - based on the liquid-fuelled cryogenic core of the Ariane 5 vehicle powered by the Safran-built Vulcain 2 engine. The Ariane 5 launcher, for which Astrium is the Prime Contractor, was developed under the aegis of the European Space Agency and is operated by Arianespace. With 48 consecutive successful missions over nearly nine years, it is the world's most reliable launcher. This includes the launch of three Autonomous Transfer Vehicles to resupply the International Space Station in the last four years. During this time, the Ariane 5 has launched more commercial satellites into orbit than any other launch vehicle in the world.
A film from the Astrium site in les Mureaux, near Paris (France), shows the work done to complete the stage testing. It shows the machining, forming, computerized automatic welding and inspection of cryogenic tank elements to provide the increased thickness and stiffened profiles necessary for the Liberty second stage. An additional tank panel of increased thickness is welded and tested in a cryogenic environment at the Euro Cryospace facilities (an Astrium and Air Liquide joint-venture). These successful tests demonstrate that Astrium's manufacturing technology has the capability to process panels that are several times thicker than those of Ariane 5. These panels meet the needs for the strengthened cryogenic tanks of Liberty's second stage.
Alain Charmeau, CEO of Astrium Space Transportation, said: "These tests take the Liberty second stage one step closer to production. They demonstrate conclusively that our proven processes can manufacture thicker and stiffer cryogenic tanks for the Liberty second stage.
"Welding, machining, and forming space hardware is a highly sophisticated industrial process. Our extensive experience in manufacturing all Ariane launchers has given us comprehensive and unmatched capability that we can now utilize for a new commercial space transportation system Liberty. We are proud to be a valued partner alongside ATK and Lockheed Martin and look forward to the success of Liberty," he continued.
"Astrium's world-class commercial launch team provides unique vehicle and systems capabilities to Liberty," said Kent Rominger, ATK program manager for Liberty. "These tests by our Astrium teammates demonstrate how our flight-proven Liberty team is hard at work and keeping Liberty on schedule for first launch in 2014."
For additional information on the Liberty Transportation Service please visit the Liberty website at: http://www.libertyspace.us/
About Astrium
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Liberty Mutual’s Indian Joint Venture Receives Insurance License
Posted: at 7:16 am
Liberty Mutual Insurance Group announced that Liberty Videocon General Insurance Company Ltd, a joint venture between Liberty Mutual Insurance Group and Videocon Industries Ltd., has received the necessary license from Indias insurance regulatory authority to commence its operations.
The operation is headquartered in Mumbai, and will provide multi-line insurance underwriting capabilities nationally to various distribution channels, with an emphasis on personal insurance products, said the announcement.
Liberty Mutuals President and CEO David Long noted: Indias rapidly growing economy and personal income levels mean more and more Indians will be buying insurance to protect their property and possessions. We have an exceptional partner and a very professional management team in place. We believe the combination will enable us to provide high-quality products and service in the growing Indian insurance marketplace.
The bulletin described Videocon Industries Ltd. as the flagship company of $4.75 billion Videocon Group, with diversified interests in consumer electronics, household appliances, oil and gas, power generation, retail, DTH and telecom businesses. The parties entered in to the joint venture agreement in December 2010.
Commenting on the development, Mr. Venugopal N. Dhoot, CMD, Videocon Industries stated: Videocon Group has a strong presence in the Indian consumer space ranging from white and brown goods to mobile telecom services covering the entire geography of India. Domain expertise of Liberty Mutual Insurance Group coupled with our huge platform of brand, trade and customer relationships should provide a robust business model for Liberty Videocon General Insurances business.
Source: Liberty Mutual Insurance Group
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Liberty Mutual’s Indian Joint Venture Receives Insurance License
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QuickPay and Liberty PlugIns Team to Offer Mobile Payments and Search for Electric Vehicle Charging Stations
Posted: June 27, 2012 at 4:19 pm
SAN FRANCISCO, June 26, 2012 /PRNewswire/ -- Liberty PlugIns (LPI) has partnered with QuickPay Corp., a premier mobile payment platform provider, to make mobile payments available for electric vehicle (EV) charging stations. The combined solution will allow drivers to pay for a charging session by mobile phone, via text message or smartphone app, using the QP QuickPay (QP) mobile payment service and receive a charging authorization code from LPI. QP QuickPay users will also be able to locate QP-enabled charging stations when searching for parking. This will help EV drivers easily find parking facilities where they can charge, saving time and adding convenience. Parking providers and facilities managers will gain increased visibility and revenue from their investments in charging stations and have an easy, low-cost way to manage EV charging payments.
"The adoption of EVs is rapidly accelerating in the U.S., and parking operators need to be ready to meet the demand for parking spaces with EV charging capability," said Chris Outwater, CEO, Liberty Plugins. "Mobile payments make adding this feature simple and cost-effective for drivers and providers alike."
The unique charging authorization code generated by LPI's Synchronous Code Generation system unlocks the EV charging station and sets the charging time. This approach eliminates the need for billing or networking hardware in the EV charger itself making it less expensive, more reliable, and easier to install. The QP QuickPay mobile payment platform enables parking facility owners to generate new revenue streams by offering the EV charging service as a complement to parking without having to install additional pay stations or deal with third-party billing systems.
"EVs are here today and their numbers are growing fast," said Barney Pell, Co-founder and Executive Chairman, QuickPay Corp. "With Liberty PlugIns and QuickPay, parking providers can quickly and easily offer a value-added service to their parking customers, further encouraging the adoption of low-emission vehicles by building the EV charging infrastructure."
More information about QuickPay is available at http://www.qpme.com.
About QuickPay Corp.Founded in 2010 and headquarted in San Francisco, privately-held QuickPay Corp. is a leading provider of unified mobile parking technology. QuickPay provides a cloud-based mobile parking access and revenue control system that integrates with any legacy parking infrastructure, enabling parking and transit owners and operators to unify their assets under a single low-cost, fast-deploy mobile payment platform. QuickPay's experienced management team has proven success in building and managing businesses in both the parking and technology fields. The company is backed by successful investors and technology leaders, including Fontinalis Partners, co-founded by Ford Motor Company executive chairman Bill Ford. For more information please visit http://www.qpme.com.
About Liberty PlugIns Inc.Liberty PlugIns specializes in electric vehicle charging solutions for the professional parking industry, fleets, and multiple unit dwellings. LPI's Synchronous Code Generation technology enables secure charging without expensive networks, and the Interactive Voice Recognition system delivers charging authorization codes over the cellular network. For more information, visit the Liberty PlugIns website at http://www.libertyplugins.com.
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Liberty Media Beats Vivendi in Court – Analyst Blog
Posted: at 12:13 am
Referenced Stocks: BKS, LMCA, SIRI
Englewood, Colorado-based Liberty Media Corporation ( LMCA ) has won a legal petition, filed in 2003, against French entertainment group Vivendi Universal S.A. According to the verdict, the French media giant will have to pay $956 million in damages to Liberty Media Corp. in a breach of contract case. We believe that the receipt of the compensation payment will significantly boost Liberty Media's already impressive liquidity position.
Liberty Media Corp. claimed that the French media group had deceived it while buying the American media conglomerate's stake in Barry Diller's USA Networks for $10.3 billion. According to the deal, Liberty Media received 32 million treasury shares of Vivendi in addition to another 5.2 million shares for its stake in a European cable joint venture with Vivendi. After the deal, Liberty Media accused that despite going through a liquidity crisis Vivendi have presented a well balanced picture of its financial condition before the deal, which led to an increase in its share value, thus making the share acquisition from the French company more expensive.
Liberty Media, which has its own interest in a wide range of media companies including Starz Media LLC, True Position Inc, Sirius XM ( SIRI ), also wants to claim prejudgment interest which could almost double the reward for them. However, Vivendi has protested vehemently against the verdict and denied any wrongdoing. It is believed that the reward money won't be final until other pending issues are settled.
These types of charges are not new for Vivendi; it had been found guilty of misleading shareholders 57 times from 2000 to 2002 about its financial status. We believe that Liberty may pursue its investment interest in Barnes and Noble Inc. ( BKS ).
Recommendation :
We are maintaining our long-term Neutral recommendation on Liberty Media Corporation. Currently Liberty Media Corporation has a Zacks #3 Rank, implying a short-term Hold rating on the stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
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Liberty Announces Agreement to Extend Term of Loan with Controlling Shareholder to be Approved at Upcoming Shareholder …
Posted: at 12:13 am
TSX: LBE
TORONTO , June 26, 2012 /CNW/ - Liberty Mines Inc. ("Liberty" or the "Company") wishes to advise that at the Company's annual meeting of shareholders, to be held at the Ontario Bar Association, 20 Toronto Street, Suite 200, Toronto , Ontario on Wednesday, June 27, 2012 at 4:00 p.m. , the Company will be seeking shareholder approval to the extension of the term of its existing debt facilities with Jien International Investment Limited ("JIIL").
JIIL has agreed to extend the due date on two credit facilities. The first facility has an outstanding principal amount of $48,914,849 plus accrued and unpaid interest estimated to June 30, 2012 of $4,431,552 , which currently comes due on December 31, 2012 and the second facility has an outstanding principal amount of US$19,348,828 with accrued and unpaid interest estimated to June 30, 2012 of US$2,048,901, which currently comes due on June 30 , 2014. Both facilities bear interest at 10% per annum and are secured against the assets of the Company. JIIL has agreed to extend the maturity date of both facilities to June 30, 2017 to provide the Company with the flexibility necessary to achieve positive cash flow. Interest will continue to accrue at the rate of 10% per annum but no interest will be payable until June 30 , 2014. The Company will have the ability to repay any outstanding amount at any time without penalty. In addition, the management information circular mailed to shareholders in respect of the annual meeting (the "Circular") discloses that the JIIL has agreed to provide up to an additional $7,000,000 in funds to address the costs associated with bringing the tailings facilities at the Redstone Mill into compliance and to expand the facility in the future. Subsequent to mailing the Circular JIIL agreed to increase this amount to $10,000,000 . These funds have been advanced on an interest free basis. For additional information, please see the Circular which is available at http://www.sedar.com and the Company's website.
As JIIL owns 60% of the outstanding common shares of the Company, this is a related party transaction under the rules of the Toronto Stock Exchange and must be approved by a majority of the disinterested shareholders voting at the meeting excluding the votes of JIIL and its associates and affiliates.
At the meeting shareholders will be asked to approve the proposed slate of seven directors consisting of Wu Shu, John Pinsent, Tao Li, Zhang Shu, Kim Oishi , Chris Stewart and James Xiang. The Company is also seeking ratification of BDO Dunwoody as the Corporation's auditors.
This press release does not constitute an offer of the securities described herein in any jurisdiction. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent an exemption from registration..
About Liberty Mines Inc.
Liberty Mines Inc. is a mid-tier producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada . It owns and operates the only nickel concentrator in the Shaw Dome, a prospective nickel belt region near Timmins, Ontario. With a new management team in place, Liberty is focused on growth initiatives not only through a more aggressive exploration program on its current properties but also through potential acquisition or partnership opportunities beyond its core Timmins area projects.
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