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Category Archives: Liberty
Romney Tells Liberty Grads What Really Matters
Posted: May 12, 2012 at 7:14 pm
Enlarge Jae C. Hong/AP
Republican presidential candidate Mitt Romney delivers a commencement address at Liberty University in Lynchburg, Va, Saturday.
Republican presidential candidate Mitt Romney delivers a commencement address at Liberty University in Lynchburg, Va, Saturday.
"Culture what you believe, what you value, how you live matters," Romney told graduates gathered in the football stadium on Liberty University's campus in Virginia on Saturday.
"Culture what you believe, what you value, how you live matters," Romney told graduates gathered in the football stadium on Liberty University's campus in Virginia on Saturday.
Mitt Romney's Mormon faith has shaped his life, but he barely mentioned it as he spoke to graduates at an evangelical Christian university Saturday.
And he barely touched on hot-button social issues like abortion and gay marriage, instead offering a broad-based defense of values like family and hard work.
"Culture what you believe, what you value, how you live matters," Romney told graduates gathered in the football stadium on Liberty University's campus in the Virginia mountains. "The American culture promotes personal responsibility, the dignity of work, the value of education, the merit of service, devotion to a purpose greater than self, and at the foundation, the preeminence of the family."
Instead of a red-meat conservative policy speech, Romney discussed his own family and offered a defense of Christianity, saying that "there is no greater force for good in the nation than Christian conscience in action." Still, he was inclusive: "Men and women of every faith, and good people with none at all, sincerely strive to do right and lead a purpose-driven life," Romney said.
He had one sustained applause line in a 20-minute speech delivered days after President Barack Obama historically embraced gay marriage. "Marriage is a relationship between one man and one woman," Romney said to a cheering crowd of students who have to follow a strict code of conduct that considers sex out of wedlock and homosexuality to be sins.
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Mitt Romney courts evangelicals at Liberty University
Posted: at 7:14 pm
Mitt Romneys Mormon religion has been a problem for some evangelicals. At conservative Liberty University Saturday, Romney stressed Christian values without mentioning his own faith, part of an apparently successful effort to win over evangelicals and other social conservatives.
Without dwelling on or barely mentioning his own faith, Mitt Romney Saturday portrayed himself as a religious conservative who believes that there is no greater force for good in the nation than Christian conscience in action.
Central to Americas rise to global leadership is our Judeo-Christian tradition, with its vision of the goodness and possibilities of every life, Romney declared.
His commencement address to Liberty University in Lynchburg, Va. put Romney in front of his largest audience so far in his presidential campaign (an estimated 35,000).
The institution, founded by the late televangelist Jerry Falwell and billing itself as the largest Christian university in the world, was a crucial setting for Romney who is a Mormon as he tries to attract evangelicals and other social conservatives whod held out hopes for Rick Santorum and other Republican presidential candidates now fallen by the wayside.
RECOMMENDED:Gay marriage issue: Who does it hurt most, Obama or Romney?
Pushing both Romney the presumptive Republican nominee and President Obama off their economic message this week was same-sex marriage. Preempted by Vice President Joe Bidens comments in support of same-sex marriage last Sunday, Obama found himself having to jump aboard.
That forced Romney to reiterate his position: That marriage as limited to one man and one woman should be enshrined in the US Constitution.
As Americans increasingly and apparently rapidly approve of gay marriage, this puts Romney on what critics call the wrong side of history on a civil rights issue, especially among younger voters (18-34), 70 percent of whom approve of same-sex marriage. Women too are more likely to be comfortable with gay marriage than men a portion of the electorate Republicans need to attract in greater numbers.
But among social conservatives especially evangelical Christians Romney is right.
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Liberty Center girls, Archbold boys reign
Posted: at 7:14 pm
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Published: 5/12/2012
BLADE STAFF
BRYAN -- The Liberty Center and Wauseon girls track teams engaged in a tug-of-war to decide the Northwest Ohio Athletic League meet championship Friday night.
In the end, the Tigers outlasted the Indians, winning the 1600 relay - the final event of the night. Liberty Center placed first with 149 points, followed by Wauseon's 148, Archbold 109, Evergreen 68, Bryan 64, Delta 45, Montpelier 36, Patrick Henry 27, and Swanton 14.
In the NWOAL boys competition, Archbold dominated with 166 points, followed by Bryan with 98, Patrick Henry 80, Wauseon 77, Swanton 72, Evergreen 50, Montpelier 44, Delta 40, and Liberty Center 33.
Liberty Center girls won the 400 relay (52.77); Evergreen the 800 relay (1:49.0). Archbold took first in the 1600 relay (4:12.78).
Allison Righi of Liberty Center cleared 5-2 to win the high jump; Bryan's Alyssa McBride won the pole vault (12-6). Archbold's Kinsey Smith won the long jump with an effort of 16-1.50.
Liberty Center's Ali Busick won the shot put (35-11.50); Delta's Alexa Salsbury won the discus event (114-9).
Wauseon's Kendall Weber won the 100 hurdles (15.74) and the Indians' 3200 relay took first (9:55.79).
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ATK Announces Complete Liberty System to Provide Commercial Crew Access
Posted: May 10, 2012 at 5:16 am
LOS ANGELES and ARLINGTON, Va., May 9, 2012 /PRNewswire/ -- ATK (ATK) announced today it has developed Liberty into a complete commercial crew transportation system, including the spacecraft, abort system, launch vehicle, and ground and mission operations, designed from inception to meet NASA's human-rating requirements with a potential for the first test flight in 2014 and Liberty crewed flight in 2015.
The company also announced Lockheed Martin (LMT) will provide support to the ATK and Astrium Liberty team as a major subcontractor on the project.
"Our goal in providing Liberty is to build the safest and most robust system that provides the shortest time to operation using tested and proven human-rated components," said Kent Rominger, vice president and program manager for Liberty. "Liberty will give the U.S. a new launch capability with a robust business case and a schedule that we expect will have us flying crews in just three years, ending our dependence on Russia."
"Liberty will enable a successful commercial space program and result in a globally competitive capability that America doesn't have today," said Rominger. "This program is changing the way we do business and can also result in a positive change to government programs."
Liberty's test flights are expected to begin in 2014, with a crewed mission anticipated in late 2015. The current schedule will support crewed missions for NASA and other potential customers by 2016, with a price-per-seat that is projected to be lower than the cost on the Russian Soyuz rocket.
Liberty's approach is to bring together flight-proven elements designed from inception to meet NASA's human-rating requirement, reducing development time and costs, and providing known, reliable and safe systems. The simple configuration of a solid first stage and liquid second stage lowers the likelihood of failure and enables a flight path with total abort coverage, maximizing survival for the crew in the unlikely event of an anomaly requiring an abort. In addition, the Liberty spacecraft leverages design work performed at NASA Langley Research Center on the composite crew module and launch abort system, for which ATK was a contractor.
"Because Liberty provides a safe and reliable vehicle for the crew, as well as a sustainable business for years to come, it can be a successful commercial business," said Rominger. "Liberty's business case benefits from mature, flight-proven elements that dramatically lower our up-front development costs."
Liberty has a robust and sustainable business case that will create and sustain thousands of jobs across the United States including Alabama, California, Colorado, Florida, Maryland, New York, Ohio, Texas, Utah, and Virginia. Its low remaining development cost accelerates the time to market, filling NASA's requirements, and provides a quicker return on investment to outside entities. Liberty's performance of 44,500 pounds to low-earth orbit enables the system to launch both crew and cargo and also serve non-crewed markets including ISS cargo up and down mass, commercial space station servicing, U.S. government satellite launch, and future endeavors.
"We believe that no other offering can match Liberty's safety, spacious spacecraft, customer service and performance," said Rominger. "These traits enable the Liberty business to provide the best commercial space flight experience."
The Liberty spacecraft includes a composite crew module, which ATK built at its Iuka, Miss., facility as part of a NASA risk-reduction program at Langley between 2007 and 2010. As prime contractor, ATK is responsible for the composite crew module, Max Launch Abort System (MLAS), first stage, system integration and ground and mission operations, while Astrium provides the second stage powered by the Vulcain 2 engine and Lockheed Martin provides subsystems and other support.
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One Liberty Properties, Inc. Reports First Quarter 2012 Results
Posted: at 5:16 am
GREAT NECK, NY--(Marketwire -05/09/12)- One Liberty Properties, Inc. (OLP), an owner of a geographically diversified portfolio of retail, industrial, office and other properties primarily under long term leases in the United States, today announced operating results for the quarter ended March 31, 2012.
Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty, stated, "Our first quarter results represent year-over-year growth in rental income primarily driven by our success in capitalizing on investment opportunities in the past year. In the first quarter, we acquired four properties, continuing the pace of activity we achieved in 2011. Occupancy at the end of the quarter was at 97.6%. We continue to see a steady flow of compelling opportunities, using our network of relationships to further strengthen and grow our portfolio in the coming quarters."
Operating Results:
Revenues for the first quarter of 2012 increased 4.9% to $11.64 million compared to $11.1 million for the first quarter of 2011. The net increase is primarily attributable to the ten properties acquired beginning March 2011.
Total operating expenses for the first quarter of 2012 increased 12.3% to $5.21 million from $4.64 million for the first quarter in the prior year. Approximately $184,000 of the increase is attributable to increased depreciation resulting from property acquisitions and approximately $290,000 is attributable to increased general and administrative expenses, including the quarterly impact of a $125,000 quarterly increase (effective as of January 1, 2011) in the amount payable pursuant to the compensation and services agreement which increase was not reflected in the first quarter of 2011.
Net income attributable to One Liberty in the first quarter of 2012 was $3.22 million or $0.21 per diluted share compared to $2.73 million or $0.21 per diluted share in the first quarter of 2011.
For the quarter ended March 31, 2012, the Company reported Funds from Operations ("FFO") of $5.57 million, a 7.5% increase from the $5.18 million reported in the first quarter of 2011. FFO was $0.38 per diluted share in the first quarter of 2012 compared to $0.39 per diluted share in the corresponding period of the prior year. A reconciliation of GAAP amounts to non-GAAP amounts is presented with the financial information included later in this release.
The per share net income and FFO results for the three months ended March 31, 2012 take into account the issuance of 2.7 million shares in a public offering completed by the Company in February 2011, while the results for the corresponding period in the prior year only takes such shares into account for a portion of the first quarter of 2011.
Acquisitions:
During the first quarter of 2012, the Company acquired four properties for an aggregate of $9.8 million. The 2012 annual base rent of these properties is approximately $ 769,000.
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Liberty Power Enters Residential Electric Market in Maryland and Connecticut
Posted: May 9, 2012 at 7:17 am
FT. LAUDERDALE, Fla., May 8, 2012 /PRNewswire/ --Liberty Power, one of the nation's fastest-growing and largest independent energy retailers, today announced it has launched residential programs in Connecticut and Maryland. In doing so, Liberty Power is expanding the availability of its offers to an additional 3 million residents.
The retail electricity supplier first began serving non-residential customers in Maryland and Connecticut during 2006 and 2007, respectively. These residential market entries mark the fifth and sixth states where Liberty Power has a formal residential retail electric program, joining New York, Illinois, Pennsylvania and Texas. The company has plans to expand its residential program into additional markets later this year.
"We are very excited to be able to provide residents of Maryland and Connecticut with the same kind of low-cost electricity and exceptional customer service that we have been providing business owners in those same markets for more than five years," stated David Hernandez, co-founder and CEO.
At the time of launch, the company will offer its Home Independence Plan, a fixed-rate product with terms of 12 and 24-months. Liberty Power continues to grow its portfolio of residential products, and additional products may become available to Connecticut and Maryland residents in the future.
Residents who choose Liberty Power as their retail electricity supplier will continue to receive one bill and the same level of service from their local utility, who will still deliver the electricity, maintain the pole and wires, and respond to power outages. There is no sign-up fee, and there will be no interruption in electricity service. Liberty Power also offers competitive rates for commercial accounts. Customers may call 855-776-9377 to sign up by phone.
About Liberty Power Headquartered in Fort Lauderdale, Florida, Liberty Power is one of only five national retail electric providers licensed in 16 or more states and is the first certified, minority-owned, independent retail electric provider with a national presence. Currently serving over 100,000 accounts, Liberty Power provides large and small businesses, government agencies, as well as 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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080613/LIBERTYPOWERLOGO )
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Liberty Safe and Security Products, Inc. Announces Executive Promotions
Posted: at 7:16 am
PAYSON, Utah, May 8, 2012 /PRNewswire/ -- Liberty Safe and Security Products, Inc. ("Liberty" or the "Company") today announced the promotions of Kim Waddoups and Steve Allred to new executive positions, effective immediately.
Jeff Talley, Chief Executive Officer of Liberty, commented, "We are pleased to strengthen our executive management team with the promotions of Kim Waddoups and Steve Allred. Each has made numerous contributions over the years to the growth of our Company, demonstrating exceptional leadership and an unwavering commitment to Liberty along the way. By expanding the strategic roles of these two highly talented professionals, we expect to realize significant benefits as we remain focused on strengthening Liberty's leading industry brand for premium home and gun safes."
Mr. Waddoups has been named President of Liberty, where he will be responsible for achieving the Company's sales and marketing objectives. Mr. Waddoups joined Liberty in 2003 as Chief Financial Officer. During his nine-year tenure as CFO, he led numerous operational and financial reporting initiatives that increased the Company's profitability and enhanced capital efficiency. Previously, he served 14 years in various senior-level positions at Easton Technical Products, a sports equipment manufacturer and division of Jas D. Easton, Inc.
Mr. Allred was appointed Senior Vice President and Chief Operations Officer. Mr. Allred joined Liberty in 1994 as Operations Manager and was promoted to Vice President of Operations in 2007. In his new capacity, he will manage the development and implementation of advanced manufacturing processes aimed at increasing the Company's production capabilities. Prior to Liberty, Mr. Allred worked for eight years as the Manager of Operations and Programs for Teleflex Defense Systems, a division of Teleflex, Inc.
Mr. Waddoups stated, "It is an honor to work with a great management and ownership team that has maintained a steadfast approach to financially growing our Company. I am also proud to be a part of an incredible workforce dedicated to manufacturing high-quality products right here in the USA. This is an exciting time at Liberty. We continue to execute our strategy aimed at supporting and expanding our diverse group of accounts, and remain committed to delivering a valuable, comprehensive solution that surpasses our customers' expectations."
Mr. Allred commented, "Liberty's industry leadership and attractive growth prospects provide for a bright future. With the advanced manufacturing processes we continue to implement combined with the addition of a new product line, we expect to significantly increase our current output in order to meet the robust demand for our premium products. It is great to be part of a knowledgeable and diligent staff that continues to meet and exceed our objectives, enabling Liberty to support job growth and enhance its reputation for operational excellence."
About Liberty Safe and Security Products, Inc.
Based in Payson, Utah and founded in 1988, Liberty is the premier designer, manufacturer and marketer of home and gun safes in North America. From its over 200,000 square foot manufacturing facility, the Company produces a wide range of home and gun safe models in a broad assortment of sizes, features and styles. Products are marketed under the Liberty brand, as well as a portfolio of licensed and private label brands, including Remington, Cabela's and John Deere. The Company's products are the market share leader and are sold in various sporting goods, farm and fleet, and home improvement retailers. Liberty also has the largest independent dealer network in the industry. For more information, please visit the Company's website at http://www.libertysafe.com.
Liberty is a subsidiary of Compass Diversified Holdings (CODI), an owner of leading middle market businesses. For more information on CODI, please visit http://www.compassdiversifiedholdings.com.
This press release may contain certain forward-looking statements, including statements with regard to the future performance of the Company. Words such as "believes," "expects," "projects," and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the Securities and Exchange Commission for the year ended December 31, 2011 and other filings with the Securities and Exchange Commission. CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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‘Liberty Walk’ to showcase Charlotte’s Revolutionary past
Posted: May 8, 2012 at 5:12 am
Its not Bostons Freedom Trail, but its a start for Charlotte and its proud Revolutionary War history.
After all, it was here that the flames of revolution were fanned by the 560-mile ride of Capt. James Jack. He was Charlottes most recognizable Revolutionary War figure who, in the summer of 1775, rode horseback to deliver seditious papers to the Continental Congress in Philadelphia.
Many believe those papers signed by Charlotte leaders on May 20, 1775 declared Mecklenburg Countys liberty from England rule, a year before the newly declared country severed ties to the crown.
Five years later, in September 1780, a local militia 150 strong fought at Trade and Tryon streets to hold back 4,000 British troops in what became known as the Battle of Charlotte.
Now workers are finishing Charlottes new Liberty Walk, placing 104 red granite pavers with a likeness of Capt. Jack and his horse along a three-quarter-mile urban path. The pavers are 20 to 30 feet apart, starting at South Tryon Street and The Square. The walk loops onto West Trade Street and then North Church Street, before turning right onto West Fifth Street. After crossing North Tryon, it takes another right onto North College Street and then another onto East Trade back to The Square.
In all, there are 15 sites, 12 of which have been there for years in the form of plaques and markers that have largely gone unnoticed and unconnected.
Charlotte has all these Revolutionary War sites, but no one notices them, said Scott Syfert, a Charlotte lawyer who is vice chair of the May 20th Society, the group that promotes Charlottes role in the revolution. Were just trying to refocus attention to these sites by linking them together and bringing in a graphic arts component.
Many sites long gone
The society is spearheading the Liberty Walk with the Arts & Science Council, the Charlotte Regional Visitors Authority, Charlotte Center City Partners and Central Piedmont Community College. The society and CPCC also were responsible for the bronzed statue of Capt. Jack galloping on his horse, unveiled at Kings Drive and 4th Street near the college two years ago.
Since most of Charlottes sites are long gone, the society hired historical artist Dan Nance to paint depictions of the sites and tell their stories using bar codes that allow walkers to watch video clips on mobile phones or tablets.
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American Liberty Petroleum Corp. Engages Netherland, Sewell & Associates for Consulting Services to Determine Next …
Posted: at 5:12 am
BAKERSFIELD, Calif.--(BUSINESS WIRE)--
American Liberty Petroleum Corp. (OTCBB: OREO.OB; herein after "American Liberty" and/or "the Company") is pleased to announce that on April 27, 2012, it signed an engagement letter with Netherland, Sewell & Associates Inc. ("NSAI") an oil and gas consulting services firm that provides a complete range of geological, geophysical, petrophysical, and engineering services to perform consulting petroleum engineering work. In particular, NSAI will provide consulting services as needed to assist the Company in determining its next steps in the development of its Nevada-based Cortez operation.
The two wells located on the 3,840-acre Cortez lease (Cobble Cuesta 1-12 and Paradise 2-12) are situated on the Cobble Cuesta structure, a 12-mile by 5-mile faulted anticline that appears to be positioned to receive oil migrated from deeper areas in the eastern part of Gabbs Valley [1]. The Cobble Cuesta 1-12 well was drilled on the Cobble Cuesta structures crestal area in 2006-2007 and had shows of live hydrocarbons. The Paradise 2-12 well was drilled in 2010, resulting in numerous fair to good quality oil and gas shows, and a drillstem test that recovered 87 feet of oil with pressure data indicating a low permeability oil reservoir.
American Liberty Petroleum's President, Alvaro Vollmers, commented: "NSAI represents the range and depth of experience needed to help us identify the best course of action to further develop the Cortez operation. By working together, we'll be able to quickly move forward with our development activities in an informed and cost-effective manner.
FOR MORE INFORMATION
Learn more about the Cortez operation and the Gabbs Valley Prospect at the American Liberty Petroleum website, where you can also find more information about the Company as well as the latest news releases: http://www.americanlibertypetro.com.
ABOUT AMERICAN LIBERTY PETROLEUM CORP.
Based in Bakersfield, California, American Liberty is a publicly traded company (OTCBB: OREO.OB) focused on reducing Americas need for imported oil through discovering major, new onshore US energy resources and by tapping overlooked or undervalued onshore domestic resources through exploration and development technologies not previously available. Recent significant discoveries, such as Occidental Petroleum's estimated 1+ billion barrels of oil and natural gas equivalents in California*, underscore the potential for developing new oil and gas production solutions in western America. Next door in the under-explored state of Nevada, American Liberty's 8,157-acre Gabbs Valley Prospect is located on the 26,000-acre Cobble Cuesta structure, which is estimated to represent oil reserves of 4+ billion barrels**. The Company's 7,270-acre Kibby Flat Prospect in the Monte Cristo basin, meanwhile, represents estimated ultimate recovery (EUR) of as high as 669 million barrels of oil according to a 2008 report***.
* Occidental Petroleum's Path to Easy Oil. Forbes Magazine, March 29, 2010 ** Reserve Estimates for the Cobble Cuesta Structure, Alfred H. Pekarek, Ph.D., Geologist, January, 2008 *** Kibby Flat Prospect report, Jerry Walker, Consulting Geologist, Sept. 2008
ON BEHALF OF THE BOARD OF DIRECTORS,
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Liberty Mines Appoints New Chief Financial Officer
Posted: at 5:12 am
TSX: LBE
TORONTO , May 7, 2012 /CNW/ - Liberty Mines Inc. ("Liberty" or the "Company") announced today that it has appointed David Birch , CPA CMA, to the position of Chief Financial Officer effective June 1 , 2012. Mr. Birch will be responsible for all of Liberty's financial activities, including reporting, auditing, taxation and financing.
"David's disciplined approach to both management and financial systems will be a welcomed addition to our organization," commented Chris Stewart , President & CEO of Liberty Mines. "His achievements and progressive advancement into more senior financial positions at Labatt and INBEV, which are known for their high performance environments, really says a lot about David's abilities. I am extremely pleased to have David join our senior management team."
Mr. Birch obtained his Economics Degree from York University and has more than 20 years of financial accounting experience with such large companies as Labatt Breweries of North America and AB/INBEV North America , where he held senior level finance positions. Most recently Mr. Birch was Vice President of Finance and Operations for McClelland Premium Imports in Toronto , Ontario.
"On behalf of Liberty, I would also like to thank Niall Murphy for his excellent work and dedication to the Company, filling in as the Interim CFO," added Mr. Stewart . Mr. Murphy will return to his former position as the Company's Controller.
Liberty's previous CFO, William (Bill) Woods is no longer with the Company.
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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