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    News and Articles on Accounting Principles

    Archives: Accounting Principles

    iGATE Named as a Leading IT Vendor for the Insurance Industry  Jul 2, 2009
    These risks include, but are not limited to, the company's ability to predict its financial performance, the level of market demand for its services, the highly-competitive market for the types of services offered by the company, the impact of competitive factors on profit margins, market conditions that could cause the company's customers to reduce their spending for its services, the company's ability to create, acquire and build new businesses and to grow existing businesses, attract and... (Primezone Releases)

    OceanFirst Financial Corp. Schedules Earnings Conference Call  Jul 2, 2009
    Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services... (Primezone Releases)

    Lucas Energy Announces Fiscal 2009 Year-End Results, Reports Record Production, Revenue and Proven Reserves  Jun 30, 2009
    Adjusted EBITDA is not a Generally Accepted Accounting Principle ("GAAP") measure of performance. We use this non-GAAP measure primarily to compare our performance with other companies in the industry that make a similar disclosure and as a measure of our current liquidity. (Primezone Releases)

    Alternative Asset Management Acquisition Corp. Announces Record Date and Meeting Date for Warrantholder and Stockholder Vote  Jun 30, 2009
    Some factors that could cause actual results to differ include: (1) AAMAC's ability to complete its initial business combination within the specified time limits; (2) difficulties encountered in integrating the merged businesses and management teams; (3) officers and directors allocating their time to other businesses and potentially having conflicts of interest with AAMAC's business or in approving the Acquisition or another business combination; (4) success in retaining or recruiting, or... (PR Newswire)

    China Discovery Acquisition Corp. Announces New Date for Special Meeting of Shareholders to Complete Its Transaction With HeNan Smart Food Company Limited  Jun 25, 2009
    Changing interpretations of generally accepted accounting principles. General economic conditions; and. (PR Newswire)

    Mad Catz Fiscal 2009 Net Sales Rise 28.3% to a Record $112.6 Million  Jun 25, 2009
    Mad Catz Fiscal 2009 Net Sales Rise 28. SAN DIEGO--(BUSINESS WIRE)--Mad Catz Interactive, Inc. (AMEX/TSX: MCZ). (Yahoo! Wire -- Entertainment News)

    Cascal N.V. Announces Fiscal 2009 Year End Results  Jun 24, 2009
    The term EBITDA is not defined under generally accepted accounting principles, or GAAP, and is not a measure of operating income, operating performance or liquidity presented in accordance with GAAP. EBITDA has limitations as an analytical tool, and when assessing the Company's operating performance, investors should not consider EBITDA in isolation, or as a substitute for net income (loss) or other consolidated income statement data prepared in accordance with GAAP. ... EBITDA is a non-GAAP... (PR Newswire)

    CORRECTION FROM SOURCE: Clairvest Reports Fiscal 2009 Fourth Quarter and Year-End Results  Jun 24, 2009
    "Clairvest filed a new normal course issuer bid enabling it to make market purchases of up to 797,678 of its common shares in the 12-month period commencing March 6, 2009. As at June 23, 2009, Clairvest had repurchased a total of 5,709,578 common and non-voting shares over the last six years.Subsequent to year end, Clairvest declared an annual dividend of $0.10 per share, which will be payable July 27, 2009 to common shareholders of record as of July 10, 2009. This is an eligible dividend for... (CCNMatthews Press Releases)

    Southwest Bancorp Reports Kansas Acquisition  Jun 20, 2009
    These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and time of future changes in interest rates, market behavior, and other economic conditions; future laws and regulations and accounting principles; and a variety of other matters. Because of these uncertainties, the actual future results may be materially different from the results indicated by these forward-looking statements. (PR Newswire)

    Union Bankshares and First Market Bank Amend Merger Agreement  Jun 20, 2009
    Factors which could have a material effect on the operations and future prospects of UBSH include but are not limited to: (1) the businesses of acquired companies may not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; (2) expected revenue synergies and cost savings from acquisitions may not be fully realized or realized within the expected timeframe; (3) revenues following acquisitions may be lower than expected; (4) customer and... (PR Newswire)

    Basic Earth Reports 2009 Fiscal Year End Results  Jun 19, 2009
    These results are accurate and reflect compliance with generally accepted accounting principles (GAAP). Nevertheless, other factors, as noted below, should be considered in evaluating the performance of Basic Earth during the fiscal year end March 31, 2009. (PR Newswire)

    Triangle Capital Corporation Declares Cash Dividend of $0.40 Per Share  Jun 19, 2009
    When the Company declares and pays dividends, it determines the allocation of the distribution between current income, accumulated income and return of capital on the basis of accounting principles generally accepted in the United States ("GAAP"). At each year end, the Company is required for tax purposes to determine the dividend allocation based on tax accounting principles ... Due to differences between GAAP and tax accounting principles, the portion of each dividend distribution that is... (Primezone Releases)

    GOL Announces Hiring of New Independent Auditors  Jun 18, 2009
    There has been no disagreement with E&Y concerning the Company's accounting principles and practices, financial statements, disclosure or auditing scope. About GOL Linhas Aereas Inteligentes S.A.. (PR Newswire)

    Software to Simplify the Accounting...  Jun 18, 2009
    The nine steps in the help business entities ensure that their financial record-keeping complies with Generally Accepted Accounting Principles (GAAP). Small businesses may use an accountant at tax time, but struggle to maintain accurate and verifiable records throughout the year. (Suite101.com)

    Solutia Re-affirms Full-Year Guidance; Highlights April and May Results  Jun 18, 2009
    EBITDA and Adjusted EBITDA are not determined in accordance with generally accepted accounting principles in the United States (GAAP). The company believes that these non-GAAP financial measures are useful to investors because they allow investors to assess the company's performance in the way that management and lenders do. (PR Newswire)

    Melrose YMCA in violation of Better Business Bureaus charity standards  Jun 18, 2009
    Standard 11: Financial Statements Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles (additional gross income stipulations apply). This organization does not meet this Standard because its audited financial statements were not prepared in accordance with Generally Accepted Accounting Principles (GAAP), according to the BBB s report. (Melrose Free Press, MA)

    DNP Select Income Fund Inc. Section 19(a) Notice  Jun 6, 2009
    All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations. Breakdown Total of the Total % Cumulative Cumulative Breakdown Distributions Distributions Current of the for the for the Distribution Current Fiscal Year Fiscal ($) Distribution to Date ($) Year to Date Net Investment Income 0. (PR Newswire)

    Analogic Corporation Announces Results for the Third Quarter Ended April 30, 2009  Jun 5, 2009
    This document includes non-GAAP financial measures that are not in accordance with, nor an alternative to, generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. (Primezone Releases)

    Exide Technologies Reports Fiscal 2009 Fourth Quarter and Full Year Results  Jun 5, 2009
    Refer to the attached reconciliation of net income or loss under Generally Accepted Accounting Principles to adjusted net income ... The Company also defines Free Cash Flow as cash from operating activities and cash from investing activities, both as measured in accordance with Generally Accepted Accounting Principles. (Primezone Releases)

    Danger! Horror! Get Out!  Jun 4, 2009
    Charter was unprofitable under generally accepted accounting principles, with $1. 5 billion in yearly interest costs. (MSNBC -- Business)

    Harry Winston Diamond Corporation Announces First Quarter Fiscal 2010 Results  Jun 4, 2009
    Management's Discussion and Analysis Prepared as of June 3, 2009 (ALL FIGURES ARE IN UNITED STATES DOLLARS UNLESS OTHERWISE INDICATED) The following is management's discussion and analysis ("MD the results of operations for Harry Winston Diamond Corporation ("Harry Winston Diamond Corporation", or the "Company") for the three months ended April 30, 2009 and its financial position as at April 30, 2009. This MDased on the Company's consolidated financial statements prepared in accordance with... (Canada Newswire)

    First Industrial Realty Trust Closes Three Secured Financings Totaling $154 Million  Jun 4, 2009
    Factors which could have a materially adverse affect on our operations and future prospects include, but are not limited to, changes in: national, international (including trade volume growth), regional and local economic conditions generally and real estate markets specifically, legislation/regulation (including changes to laws governing the taxation of real estate investment trusts), our ability to qualify and maintain our status as a real estate investment trust, availability and... (PR Newswire)

    ev3 Signs Agreement to Acquire Chestnut Medical Technologies, Inc.  Jun 3, 2009
    To supplement ev3's consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP), ev3 uses certain non-GAAP financial measures in this release, such as ``non-GAAP EPS.'' Although ev3 typically provides reconciliations of its non-GAAP financial measures to the most comparable U.S. GAAP measures, ev3 has not done so in this release because of the uncertainty at this time in forecasting the timing and amount of future amortization and other... (Primezone Releases)

    Lionsgate Reports Record Revenues of $1.47 Billion for Fiscal 2009, up 8% From Previous Year; Net Loss is $163.0 Million  Jun 2, 2009
    This non-GAAP financial measure is in addition to, not a substitute for, or superior to, measures of financial performance prepared in accordance with Generally Accepted Accounting Principles ... While management considers EBITDA as defined, to be an important measure of comparative operating performance, it should be considered in addition to, but not as a substitute for, net income and other measures of financial performance reported in accordance with Generally Accepted Accounting Principles.... (Yahoo! Wire -- Entertainment News)

    Semcan Inc Reports First Quarter Fiscal Year 2009 Financial Results  Jun 2, 2009
    The term "EBITDA" is a financial measure used in this document which is not a standard measure under Canadian generally accepted accounting principles ... EBITDA refers to net earnings determined in accordance with generally accepted accounting principles, before depreciation and amortization, interest expense, and income tax expense. (CCNMatthews Press Releases)

    Wyeth Donates $100,000 to ASCO Cancer Foundation(R) to Support Cancer Prevention and Care  May 31, 2009
    These risks and uncertainties include, among others, risks related to our proposed merger with Pfizer, including satisfaction of the conditions of the proposed merger on the proposed timeframe or at all, contractual restrictions on the conduct of our business included in the merger agreement, and the potential for loss of key personnel, disruption in key business activities or any impact on our relationships with third parties as a result of the announcement of the proposed merger; the inherent... (PR Newswire)

    Board of Aldermen Meets Monday  May 30, 2009
    Members have to be residents of St. Clair, at least 18 and preferably have experience and/or knowledge in business and/or accounting principles. New Business. (Missourian Publishing, MO)

    FMX Ventures Inc.: Financial Statements and MD&A for the Three Months Ended March 31, 2009  May 30, 2009
    In the Management Discussion and Analysis, and elsewhere, measures such as earnings before interest, taxes, depreciation and amortization (EBITDA) and other terms that are used are not defined by generally accepted accounting principles ("GAAP") ... The unaudited interim period consolidated financial statements have been prepared by the Company in accordance with Canadian generally accepted accounting principles ... These unaudited interim period financial statements do not include all the... (CCNMatthews Press Releases)

    Closing the gap on fair value measurement  May 30, 2009
    ConsistencyIn an effort to create consistency between IFRS and US generally accepted accounting principles (GAAP), the proposals incorporate the US financial accounting standards board (FASB) guidance on fair value measurement. The project is part of a long-term programme by the IASB and FASB to close the gap between IFRS and GAAP and unify global accounting standards. (Accounting Web, UK)

    Anchor Bancorp Wisconsin Inc. Reaches Agreement to Extend Loan Arrangement for One Year  May 30, 2009
    These factors include changes in general economic conditions, deposit flows, loan demand, asset quality, competition, legislation or regulation and accounting principles, policies or guidelines affecting reports filed with the Securities and Exchange Commission for financial and business information regarding Anchor BanCorp, including information which could affect Anchor BanCorp's forward-looking statements. Contact. (Primezone Releases)

    Broder Bros., Co. Announces First Quarter 2009 Results  May 29, 2009
    EBITDA should not be considered as an alternative to, or more meaningful than, amounts determined in accordance with generally accepted accounting principles. EBITDA is not calculated identically by all companies, and therefore, the presentation herein may not be comparable to similarly titled measures of other companies. (PR Newswire)

    Tango Reports 2009 Financial and Operating Results  May 29, 2009
    Funds flow from operations and funds flow from operations per share and netback are not recognized measures under Canadian generally accepted accounting principles. Management believes that these items are a useful measure of financial performance. (CCNMatthews Press Releases)

    Syncora Guarantee Executes Agreement With Counterparties to Restructure Its Entire Credit Default Swap Portfolio  May 29, 2009
    Set forth in this press release is a summary of the terms of the 2009 MTA, as well as Syncora Guarantee's pro forma financial position in accordance with statutory accounting principles, as prescribed and permitted in the State of New York ("SAP"), as of March 31, 2009, as if Syncora Guarantee had consummated (i) the 2009 MTA and related agreements and (ii) the offer to acquire 56 different classes of residential mortgage backed securities ("RMBS") insured by Syncora Guarantee by the BCP Voyager... (PR Newswire)

    Sonic Solutions Reports Financial Results for Fourth Quarter and Fiscal Year Ended March 31, 2009  May 29, 2009
    To supplement our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles (``GAAP''), we report the following non-GAAP financial measures in presenting results and giving guidance: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income (loss) and non-GAAP net income (loss) per share. We also provide guidance regarding our projected earnings before interest,... (Primezone Releases)

    Painted Pony Announces March 31, 2009 Financial Results  May 28, 2009
    This table contains the term "funds flow from operations", which should not be considered an alternative to, or more meaningful than "cash flow from operating activities" as determined in accordance with Canadian generally accepted accounting principles ("GAAP") as an indicator of the Company's performance. Therefore, reference to funds flow from operations or funds flow from operations per share (basic and diluted) may not be comparable with the calculation of similar measures for other... (CCNMatthews Press Releases)

    TiVo Reports Results for the First Quarter Fiscal Year 2010 Ended April 30, 2009  May 28, 2009
    " Season Pass, WishList, TiVoToGo, and the TiVo Logo are trademarks or registered trademarks of TiVo Inc.'s subsidiaries worldwide. ? 2009 TiVo Inc. All rights reservedThis release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, TiVo's future business and growth strategies including TiVo's mass distribution strategy and the timing of additional mass distribution deals, profitability... (Yahoo! Wire -- Entertainment News)

    TD Bank Financial Group Reports Second Quarter 2009 Results  May 28, 2009
    (1) Reported results are prepared in accordance with Canadian generally accepted accounting principles (GAAP) ... Unless otherwise indicated, all amounts are expressed in Canadian dollars and have been primarily derived from the Bank's Annual or Interim Consolidated Financial Statements prepared in accordance with Canadian generally accepted accounting principles (GAAP) ... NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS (unaudited)... (Canada Newswire)

    Redwood Trust Announces Pricing of Common Stock Offering  May 28, 2009
    Important factors, among others, that may affect our actual results include: changes in interest rates; changes in mortgage prepayment rates; the timing of credit losses within our portfolio; our exposure to adjustable-rate and negative amortization mortgage loans; the state of the credit markets and other general economic conditions, particularly as they affect the price of earning assets and the credit status of borrowers, and the success of government actions aimed at stabilizing them; the... (PR Newswire)

    Parlay Entertainment Announces Results for Q1 2009  May 28, 2009
    However, EBITDA is not a recognized earnings measure under generally accepted accounting principles ("GAAP") and does not have a standardized meaning. Therefore, EBITDA may not be comparable to similar measures presented by other companies. (CCNMatthews Press Releases)

    OceanFirst Financial Corp. Announces Strategic Combination of Central Jersey Bancorp - Enhancing Community Bank Franchise At the Jersey Shore  May 27, 2009
    Factors which could have a material adverse effect on the operations of each Company and their subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition,... (Primezone Releases)

    BIOREM awarded $1.3 million in new orders  May 27, 2009
    Risks and uncertainties about the Company's business are more fully discussed in the disclosure materials, financial statements and MDd with the securities regulatory authorities in Canada on Non-GAAP Measures "Order Bookings" and "Order Backlog" do not have any standardized meaning prescribed by Canadian generally accepted accounting principles ("GAAP") and may not be comparable to measures presented by other companies. Order Bookings and Order Backlog are non-GAAP measures that the Company... (Canada Newswire)

    Take-Two Interactive Software, Inc. Reports Second Quarter Fiscal 2009 Financial Results  May 27, 2009
    In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses non-GAAP measures of financial performance that exclude certain non-recurring or non-cash items. Non-GAAP gross profit, income (loss) from operations, net income (loss) and earnings (loss) per share are measures that exclude certain non-recurring or non-cash items and should be considered in addition to results prepared in accordance with GAAP. They are not... (Yahoo! Wire -- Entertainment News)

    AutoZone 3rd Quarter Sales Increase 9.3%; EPS Increases 25.9% to $3.13  May 27, 2009
    This release includes certain financial information not derived in accordance with generally accepted accounting principles (``GAAP''). These non-GAAP measures include return on invested capital, adjusted debt, and adjusted debt/EBITDAR. The Company believes that the presentation of these non-GAAP measures provides information that is useful to investors as it indicates more clearly the Company's comparative year-to-year operating results, but this information should not be considered a... (Primezone Releases)

    The Mint Leasing, Inc. Announces First Quarter Operating Results  May 23, 2009
    The Mint Leasing, Inc. Consolidated Statements of Income For the Three Months Ended March 31 ($000) 2009 2008 ---- ---- REVENUES Sales-type leases, net $ 4,702 $ 12,864 Amortization of unearned income related to Sales-type leases 1,541 1,043 ----- ----- Total Revenues 6,243 13,906 ------ ------ COST OF REVENUES 4,816 9,722 ----- ----- GROSS PROFIT 1,427 4,185 GENERAL AND ADMINISTRATIVE EXPENSE 1,187 1,167 INCOME BEFORE OTHER INCOME (EXPENSE) FROM CONTINUING OPERATIONS 240 3,018 OTHER INCOME... (PR Newswire)

    Treasury IG: 'Inappropriate' backdating at thrifts  May 23, 2009
    "The accounting treatment is not in accordance with generally accepted accounting principles and allows for misleading financial reporting.". Thrifts differ from banks in that, by law, they must have at least 65 percent of their lending in mortgages and other consumer loans making them particularly vulnerable to the housing downturn. (Florida Times-Union)

    Freebasing in Caymans Would Be a Banker's Dream: Jonathan Weil  May 22, 2009
    In this era of infinite possibilities, what might a truly industry-friendly setter of accounting principles look like. Allow me to present for your consideration the Financial Reporting Irregularities Board. (Bloomberg -- Columnists)

    American National Bankshares Inc. (VA) Announces Second Quarter 2009 Cash Dividend  May 21, 2009
    Actual results could differ materially from those contained in or implied by such statements for a variety of reasons including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in the economic scenario; significant changes in regulatory requirements; and significant changes in securities markets. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary... (PR Newswire)

    3SBio Inc. Announces Unaudited First Quarter 2009 Results  May 20, 2009
    To supplement the Company's financial statements presented in accordance with general accepted accounting principles ("GAAP"), the Company has utilized some non-GAAP financial measures to provide investors and management with supplemental measures that facilitate comparisons of operating performance and trends with prior and future operating performance, and that may not otherwise be apparent on a GAAP basis. These non-GAAP financial measures include operating income and operating expenses... (PR Newswire)

    Arcan Resources Ltd. Announces First Quarter 2009 Results  May 20, 2009
    Special Note Regarding Non-GAAP Measures - This press release contains financial terms that are not considered measures under Canadian generally accepted accounting principles ("GAAP"), such as "funds from (used in) operations". This measures is commonly utilized in the oil and gas industry and is considered informative for management and shareholders. (CCNMatthews Press Releases)

    Sbarro, Inc. Announces Results of Operations for the First Quarter Ended March 29, 2009  May 19, 2009
    Exhibit A includes a reconciliation of EBITDA to net loss, which is the most directly comparable financial measure under United States Generally Accepted Accounting Principles ("GAAP") ... EBITDA is a non-GAAP financial measure and should not be considered in isolation from, or as a substitute for, net income, cash flow from operations or other cash flow statement data prepared in accordance with United States generally accepted accounting principles ("GAAP") or as a measure of a company's... (PR Newswire)

    Point Blank Solutions Reports 2009 First Quarter Results  May 19, 2009
    This measure is a non-GAAP financial measure, defined as numerical measures of financial performance that exclude or include amounts so as to be different than the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles, or GAAP, in our statements of operations, balance sheets or statements of cash flows. Pursuant to the requirements of Regulation G, we have provided a reconciliation of this non-GAAP financial measure to the most... (PR Newswire)

    Spanish Broadcasting System, Inc. Reports Results for the First Quarter 2009  May 17, 2009
    Included below are tables that reconcile the quarter ended reported results in accordance with Generally Accepted Accounting Principles (GAAP) to Non-GAAP results. The tables reconcile Operating Income (Loss) to Operating Income before Depreciation and Amortization, Loss (Gain) on the Disposal of Assets, net, and Impairment of FCC Broadcasting Licenses and Restructuring costs. (Yahoo! Wire -- Entertainment News)

    Jacksonville Bancorp Revises First Quarter 2009 Earnings  May 16, 2009
    The risks, uncertainties and factors affecting actual results include but are not limited to: our relatively limited operating history; economic and political conditions, especially in North Florida; competitive circumstances; bank regulation, legislation, accounting principles and monetary policies; the interest rate environment; success in minimizing credit risk and nonperforming assets; and technological changes. The Company's actual results may differ significantly from the results discussed... (PR Newswire)

    SouthPeak Interactive Corporation Reports Third Quarter Fiscal 2009 Results  May 16, 2009
    In addition to presenting financial results in accordance with generally accepted accounting principles, or GAAP, this earnings release also presents Adjusted EBITDA and non-GAAP net income. Adjusted EBITDA is calculated by deducting operating expenses from net income and excluding amounts related to interest expense ($125,282), income tax expense or benefit ($4,775), depreciation and amortization expense ($128,604), non-cash share based payments ($118,879), transaction costs ($3,671),... (Yahoo! Wire -- Entertainment News)

    Bucking Horse Energy Inc. Announces First Quarter Financial Results  May 16, 2009
    EBITDA is not a recognized measure under Canadian generally accepted accounting principles ("GAAP") and is offered as a commonly used industry metric for comparative purposes only. -------------------------------------------------------------------------- Reconciliation of cash flow Three months Three months from operations before change Ended March 31, Ended February 29, in net working capital 2009 2008 Net cash flow provided by operating activities ($341,292) $ 43,355 Accounts payable and... (CCNMatthews Press Releases)

    Rainmaker Reports Results for the Three Months Ended March 31, 2009  May 15, 2009
    Below is selected information derived from the unaudited interim consolidated financial statements which have been prepared in accordance with Canadian generally accepted accounting principles ... EBITDA is not a term defined under generally accepted accounting principles. (CCNMatthews Press Releases)

    Monterey Exploration Ltd. Announces Financial and Operating Results for the Three Months Ended March 31, 2009  May 15, 2009
    (2) Funds flow from operations is not defined by Canadian generally accepted accounting principles ("GAAP") and thus is referred to as a non-GAAP measure; other entities may calculate funds flow differently than Monterey ... The Financial Statements have been prepared in Canadian dollars and in accordance with Canadian generally accepted accounting principles ("GAAP") ... Term or abbreviation ----------------------------------------------------------------------------... (CCNMatthews Press Releases)

    Advantage Announces 1st Quarter Results 2009  May 15, 2009
    The consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles ("GAAP") and all references are to Canadian dollars unless otherwise indicated ... Canadian generally accepted accounting principles require that a future income tax liability be recorded when the book value of assets exceeds the balance of tax pools ... Key personnel received professional education on IFRS accounting principles and standards, both in general and for the... (PR Newswire)

    IIJ Announces Full Year and Fourth Quarter Financial Results for Fiscal Year Ended March 31, 2009  May 15, 2009
    Consolidated Financial Results for the Fiscal Year Ended March 31, 2009 [Under accounting principles generally accepted in the United States ("U.S. GAAP")] (Amounts of less than JPY one million are rounded) 1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2009 (April 1, 2008 to March 31, 2009) (1) Consolidated Results of Operations (% shown is YoY change) --------------------------------------------------------------------- Income before Income Tax Total Operating Expense... (Primezone Releases)

    CORRECTION: Enerflex Reports Strong First Quarter 2009 Financial Results and Announces Second Quarter 2009 Distributions  May 15, 2009
    0% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- EBITDA(1) ---------------------------------------------------------------------------- Income before interest & income taxes $ 18,869 $ 15,215 ---------------------------------------------------------------------------- Depreciation and amortization 5,635 5,790 ----------------------------------------------------------------------------... (CCNMatthews Press Releases)

    Arsenal Energy Releases Q1 Results  May 15, 2009
    Certain financial measures referred to in this release, such as funds from operations and funds from operations per share, are not prescribed by generally accepted accounting principles (GAAP). Funds from operations is a key measure that demonstrates the ability to generate cash to fund expenditures. (CCNMatthews Press Releases)

    Audiovox Corporation Reports Fiscal 2009 Fourth Quarter and Year-End Results  May 15, 2009
    The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with accounting principles generally accepted in the United States. The reconciliation set forth below is provided in accordance with Regulation G and reconciles the pro forma financial measure with the most directly comparable GAAP based financial measure. (PR Newswire)

    NTT Com Announces Financial Results  May 15, 2009
    All results are based on Japanese accounting principles. BACKGROUNDThe financial crisis triggered by the subprime loan problem in the United States has given rise to economic turmoil, including depressed stock prices and fluctuations in the currency markets. (JCN Network, Japan)

    Iteration Energy (ITX) announces March 31, 2009 first quarter results  May 15, 2009
    QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)

    Turbo Power Systems Inc. (TPS) Announces Results for the First Quarter Ended 31 March 2009  May 15, 2009
    "NOTES TO EDITORSAbout Turbo Power SystemsTurbo Power Systems Inc (TSX: - ; AIM:TPS). is a leading UK based designer and manufacturer of innovative power solutions. The Group's products are all based on its core technologies of power electronics and high speed motors and generators and are sold into a number of market sectors including aerospace, rail, and various industrial sectors. The Company's products provide improved efficiency and reduced energy consumption compared to existing... (CCNMatthews Press Releases)

    Quebecor World Releases First Quarter Results  May 15, 2009
    In the discussion of our 2009 results, we use certain financial measures that are not calculated in accordance with Canadian generally accepted accounting principles (GAAP) or United States GAAP to assess our financial performance, including EBITDA (earnings before interest, tax, depreciation and amortization), Adjusted EBITDA and operating income before IAROC (impairment of assets, restructuring and other charges) and goodwill impairment. We use such non-GAAP financial measures because we... (CCNMatthews Press Releases)

    Pioneer Announces Business Results for Fiscal 2009  May 14, 2009
    Effective from fiscal 2009, Pioneer has changed its accounting principles for preparing consolidated financial statements from U.S. generally accepted accounting principles (GAAP) to Japanese GAAP. Figures for fiscal 2008 have been reclassified based on Japanese GAAP accordingly. Consolidated Financial Highlights (In millions of yen except per share information) Year ended March 31 2009 2008 % ch. (JCN Network, Japan)

    Boyd Group Income Fund reports record 2009 first quarter results  May 14, 2009
    " "As a result of this strong performance, we have increased distributions in six consecutive quarters, including two increases in 2009 from $0. With stable to improving financial performance, we expect that distributions will continue to be gradually increased over time. (Canada Newswire)

    Canlan reports first quarter 2009 financial results  May 14, 2009
    However, EBITA is not a term that has specific meaning in accordance with generally accepted accounting principles, and may be calculated differently by other companies. Canlan reconciles EBITA to its net earnings. (Canada Newswire)

    Bankers Petroleum announces first quarter financial and operational results  May 14, 2009
    Internal controls over financial reporting are designed to provide reasonable assurance regarding the reliability of the Company's financial reporting and compliance with generally accepted accounting principles ... BASIS OF PRESENTATION The interim consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles (GAAP) ... The preparation of interim financial statements is based on accounting principles and practices consistent with those... (Canada Newswire)

    OPNET Announces Financial Results for Fourth Quarter of Fiscal 2009  May 14, 2009
    OPNET uses a variety of financial measures that are not in accordance with generally accepted accounting principles, or GAAP, as supplemental measures to GAAP to evaluate its operational performance. These financial measures, which include non-GAAP gross profit, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income and non-GAAP diluted earnings per share, exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. A detailed... (Primezone Releases)

    ChipMOS sales tumble; guides for stronger Q2  May 14, 2009
    6 million) in accordance with U.S. generally accepted accounting principles. The loss was narrowed compared to the GAAP net loss of NT$5. (EETimes)

    Caza Oil & Gas, Inc.: Announces First Quarter Results  May 14, 2009
    All figures herein have been prepared in accordance with Canadian Generally Accepted Accounting Principles ("GAAP") unless otherwise stated ... The interim unaudited consolidated financial statements of Caza have been prepared by management, in accordance with Canadian generally accepted accounting principles ... The preparation of financial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the... (CCNMatthews Press Releases)

    Insignia Energy Ltd. Announces Its 2009 1st Quarter Results  May 14, 2009
    Investors are further cautioned that the preparation of financial statements in accordance with Canadian generally accepted accounting principles ("Canadian GAAP") requires management to make estimates and assumptions that affect the reported amounts of our assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and our revenues and expenses during the reporting period. Our management reviews these estimates, including those related... (CCNMatthews Press Releases)

    Universal Energy Group Ltd. Releases Second Quarter Financial Results and Operational Updates  May 14, 2009
    The financial statements of the Company are prepared in accordance with Canadian Generally Accepted Accounting Principles ("GAAP"), which requires estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the amount of revenue and expenses during the reporting period ... For a reconciliation of Operational Revenue to revenue and Operational Margin to gross margin, see "Reconciliation of Operational Revenue, Operational Margin... (CCNMatthews Press Releases)

    Storm Exploration Inc. Is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2009  May 14, 2009
    Basis of Presentation - Financial data presented below have largely been derived from the Company's unaudited consolidated financial statements for the three months ended March 31, 2009, prepared in accordance with Canadian Generally Accepted Accounting Principles ("GAAP") ... These interim unaudited consolidated financial statements have been prepared by management in accordance with accounting principles generally accepted in Canada ("GAAP"), following the same accounting policies and methods... (CCNMatthews Press Releases)

    Orleans Homebuilders Reports Results for Third Quarter Ending March 31, 2009  May 14, 2009
    In this regard, GAAP refers to generally accepted accounting principles in the United States of America ... In this regard, GAAP refers to generally accepted accounting principles in the United States of America. (PR Newswire)

    Bancolombia S.A. Announces Unconsolidated Results for the Month of April 2009  May 13, 2009
    This information has been prepared in accordance with generally accepted accounting principles in Colombia and is stated in nominal terms. Contacts Sergio Restrepo Jaime A. Velasquez Juan Esteban Toro Executive VP Financial VP IR Manager Tel. (PR Newswire)

    Barrington Reports First Quarter Operating Results  May 13, 2009
    e., they are not measures of financial performance under generally accepted accounting principles) and should not be considered in isolation from or as a substitute for consolidated statements of operations and cash flow data prepared in accordance with GAAP. Broadcast Cash Flow, EBITDA and Adjusted EBITDA, as used herein, are not necessarily comparable to similarly titled measures of other companies. For definitions of and additional information regarding Broadcast Cash Flow, EBITDA and... (Yahoo! Wire -- Entertainment News)

    Essential Energy Services Trust Announces First Quarter 2009 Results, Credit Facility Renewal and Quarterly Distribution  May 13, 2009
    Throughout this press release, certain terms that are not specifically defined in Canadian Generally Accepted Accounting Principles ("GAAP") are used to analyze the operations. In addition to the primary measures of net earnings and net earnings per unit in accordance with GAAP, the Trust believes that certain measures not recognized under GAAP assist both the Trust and the reader in assessing performance and understanding the Trust's results. (CCNMatthews Press Releases)

    Peak Energy Services Trust Reports Its Financial Results for the Three Months Ended March 31, 2009  May 13, 2009
    Throughout this press release certain measures are used that are not recognized measures under Canadian generally accepted accounting principles ("GAAP"). Specific measures used are earnings before interest, taxes, depreciation, amortization and other certain items ("EBITDA"), adjusted income, standardized distributable cash ("SDC"), adjusted distributable cash ("ADC"), payout ratio of ADC and SDC, working capital, current ratio, funded debt, net debt and long-term debt to equity ratio. (CCNMatthews Press Releases)

    Pure Energy Services Ltd. Announces Results for the Quarter Ended March 31, 2009  May 13, 2009
    13 Funds flow from operations (2) $ 3,839 $ 6,604 ---------------------------------------------------------------------------- March 31, December 31, 2009 2008 ---------------------------- Total assets $ 217,197 $ 227,810 Total long-term debt $ 57,775 $ 65,314 ---------------------------------------------------------------------------- (1) EBITDA and EBITDAS do not have standardized meanings prescribed by Canadian generally accepted accounting principles ("GAAP") ... In February 2008, the CICA... (CCNMatthews Press Releases)

    Open Range Energy Corp. Announces First Quarter Results, Renews $54 Million in Bank Lines and Provides Operational Outlook  May 13, 2009
    The terms "funds from operations", "funds from operations per share" and "operating netback" in this discussion are not recognized measures under Canadian generally accepted accounting principles (GAAP) ... The interim financial statements of Open Range Energy Corp. ("Open Range" or the "Corporation") have been prepared by management in accordance with Canadian generally accepted accounting principles (GAAP). (CCNMatthews Press Releases)

    CORRECTING AND REPLACING -- Silicon Motion Announces First Quarter Results for the Period Ended March 31, 2009 and Revisions to Fourth Quarter 2008 Results  May 13, 2009
    To supplement the Company's unaudited selected financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (``GAAP''), the Company discloses certain non-GAAP financial measures that exclude stock-based compensation, acquisition-related charges and one-time items, including non-GAAP cost of sales, non-GAAP gross profit, non-GAAP selling, general, and administrative expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per diluted ADS.... (Primezone Releases)

    Suffolk-based First Bankshares, Inc. and Richmond's Xenith Corporation Announce Merger Agreement  May 13, 2009
    Factors that could cause results and outcomes to differ materially include, among others, the ability to obtain required regulatory and shareholder approvals; the ability to complete the merger as expected and within the expected timeframe; the possibility that one or more of the conditions to the completion of the merger may not be satisfied; any event that could give rise to a termination of the merger agreement; disruptions to customer and employee relationships and business operations caused... (PR Newswire)

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