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Archive for March 2nd, 2015

Finally, A Mobile Advertising Solution That Generates Revenues For Mobile Operators

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DUBAI, United Arab Emirates /PRNewswire/ — Revenues from the rapidly growing Mobile Advertising industry seem exclusively reserved for OTT Publishers, leaving Telco’s perform the role of that of a Carrier only. AdVoice enables Mobile Operators monetize advertising inventory that is truly theirs.

One such channel is the otherwise unutilized ringback tone. By serving Audio Ads to calling parties, Mobile Operators tap into a global market that generates a potential 12 billion ad impressions daily. This is three times the number of internet searches.

AdVoice links advertisers up with a captive audience that listens to ads whilst waiting for the call to be picked up. “Serving ads over the ringback tone has a wider reach than any other medium” says Bassim Haidar, Group CEO of ChannelVAS, adding that “the advertiser benefits include measurability, no wastage and lead generating capabilities as callers can express product interest by pressing an action key.”

Mobile Operators possess more consumer behavioral data than anyone else. Advoice’s Online Booking Portal, its Real Time Bidding, Profiling and Targeting capabilities facilitate MNO’s to capitalize on their consumer insights and be included into the Mobile and Digital Advertising ecosystem.

“AdVoice gives digital advertisers the opportunity to re-target our mobile users via multiple MNO-channels and generates revenues from sources other than our subscribers.” states the Marketing Manager of the first operator to launch this innovative platform, a group with a base of 200 million customers.

Commenting on the subscriber experience she says that: “Ads are relevant to the profile, cease to play the moment the call is answered and don’t, as such, prolong the wait. Furthermore, opt-in subscribers receive airtime rewards for facilitating ads to be served and we reserve 10 percent of the inventory for charity and humanitarian organisations to run awareness campaigns for free.”

AdVoice is offered as an end-to-end service and the company undertakes to handle the advertising sales, invoicing and payment collection. It has developed strong relationships with global and regional media agencies. According to George Saliaris from IPG Mediabrands, advertisers continually look at new ways to engage with their customers and rates AdVoice as an exciting new, one-on-one channel.

AdVoice is brought by ChannelVAS, a leading Mobile VAS company and the largest provider of Airtime Credit Services.

Logo – http://photos.prnasia.com/prnh/20150227/8521501201LOGO

Source: AdVoice

Written by asiafreshnews

March 2, 2015 at 6:13 pm

Posted in Uncategorized

Expedia Affiliate Network identifies ITB Berlin as a key show to new growth and strengthened relationships with partners

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LONDON /PRNewswire/ — Expedia Affiliate Network (EAN) has identified the ITB Berlin tradeshow as a key component to future partnership expansion and existing relationship growth. ITB Berlin, which takes place on 4-8 March, will attract more that 22,000 convention participants from across the globe including many existing EAN partners.

“ITB Berlin allows EAN yet another opportunity to get in front of our partners, listen to their needs and wants, and to share what’s new in 2015,” explains Bart van Eijck, vice president Sales, EMEA.

“While EAN has long been participants at the show, this will be our first year hosting a stand. We look forward to meeting with many of our guests at our booth.”

Joining Mr. van Eijck in Berlin will be nine other representatives from the company including Ariane Gorin, EAN’s senior vice president and general manager. In addition to meeting with several key partners, Ms. Gorin will be presenting an award at the European Group Travel Awards on Thursday evening from 7pm on 5 March at the Intercontinental Hotel.

Find Ms. Gorin, Mr. van Eijck, and the rest of the EAN team at the Expedia booth located in Hall 9, booth 322.

Expedia Affiliate Network

Expedia Affiliate Network (EAN) is a division within the Expedia, Inc., one of the world’s largest travel companies. EAN works with over 7,500 partners in 33 countries to turn their web traffic into hotel bookings and happy customers. EAN creates the tools and technology that help millions of travelers find the perfect hotels for their next trips. For more information on EAN visit www.ean.com. Expedia Affiliate Network and the Expedia Affiliate Network logo are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Other trademarks mentioned herein may be the property of their respective owners. ©2015 Expedia, Inc. All rights reserved. CTS # 2029030-50

Source: Expedia Affiliate Network
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Written by asiafreshnews

March 2, 2015 at 5:59 pm

Posted in Uncategorized

Omnicell, Inc. Signs Agreement to Acquire Germany-based Pharmacy Automation Provider, MACH4 Pharma Systems

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— Addition of Robotic Pharmacy Automation Solutions for Hospital and Retail Pharmacies to Expand Omnicell International Growth

MOUNTAIN VIEW, Calif., /PRNewswire/ — Omnicell, Inc. (OMCL), a leading provider of medication and supply management solutions to healthcare systems and pharmacies, today announced that it has signed an agreement to purchase MACH4 Pharma Systems, based in Bochum, Germany. The closing of the acquisition is subject to certain closing conditions set forth in the definitive purchase agreement. When and if the acquisition is finalized, the combination of Omnicell and MACH4 will create a comprehensive automated medication management offering for hospital and retail pharmacies throughout Europe and emerging markets internationally.

Logo – http://photos.prnewswire.com/prnh/20120731/SF48971LOGO-a

MACH4 Pharma Systems is a provider of highly automated medication management systems to a base of over 1,000 retail and hospital pharmacy customers primarily in Europe, with additional installations in China and theMiddle East.

MACH4’s modular robotic solutions for dispensing medications in original manufacturers’ packages enable the company to serve the needs of a broad spectrum of pharmacy customers, from large hospital systems to local retailers. The flexible design of MACH4 systems provides both the chaotic method of storage and retrieval that optimizes for high capacity storage in the minimum amount of physical space, and the channel method of storage and retrieval that optimizes for speed of delivery. MACH4 systems are uniquely configurable to suit each specific customer’s needs. MACH4 systems complement unique capabilities of Omnicell dispensing systems to handle medications in original manufacturers’ packages. Omnicell expects to realize expanded market opportunities as each company’s solutions are introduced to the other’s customer base.

“Omnicell is committed to providing a complete set of pharmacy automation solutions that increases efficiencies and promotes patient safety in hospital, long term care and retail settings, and to taking our global presence to a new level,” said Randall Lipps, chairman, president and CEO of Omnicell. “With MACH4, the expanded Omnicell portfolio will include innovative solutions that span robotic medication management systems, automated dispensing cabinets and medication adherence technology to meet the unique demands of our growing base of customers worldwide to provide services across the continuum of care.”

The MACH4 Pharma Systems acquisition is a continuation of Omnicell’s expansion into markets outside the United States, including the recent purchase of UK-based medication adherence packaging leader Surgichem Limited. Omnicell expects to accelerate its international growth by integrating MACH4’s high-volume medication management technology with Omnicell automated dispensing systems in the markets Omnicell presently serves, while also expanding its opportunities through MACH4’s direct presence in Germany and France.

“I expect that joining the Omnicell family will be welcome news to our customers who have come to trust MACH4’s mission to make medication management as efficient as possible in any setting,” said Holger Wallat, co-founder and CEO of MACH4. “Omnicell and MACH4 share that passion with very complementary solutions. For example, our box and blister pack management customers should benefit from Omnicell automatic dispensing cabinets that are uniquely capable of managing hospital workflows for drugs in the manufacturer’s original packaging,” he said.

Omnicell expects the acquisition to close in the first or second quarter of 2015, provided certain closing conditions are satisfied. Assuming an April 1, 2015 close, Omnicell expects 2015 revenue contribution from MACH4 will be between $12 and $15 million and Non-GAAP earnings per share dilution of approximately $0.04 as the companies are integrated. Omnicell expects the acquisition to become accretive during 2016. As a result, Omnicell financial guidance for 2015 is adjusted to include the expected results from MACH4 following the acquisition. Revenue for 2015 was previously expected to be between $480 and $490 million and is now expected to be between $492 and $505 million, an increase of 12% to 15% over 2014. Non-GAAP earnings per share were previously expected to be between $1.35 and $1.40 and are now expected to be between $1.31 and $1.36. Omnicell previously expected 2015 product bookings to be between $390 and $405 million and now expects product bookings between $398 and $416 million with the inclusion of MACH4.

About Omnicell
Since 1992, Omnicell (NASDAQ: OMCL) has been creating new efficiencies to improve patient care, anywhere it is delivered. Omnicell is a leading supplier of comprehensive automation and business analytics software for patient-centric medication and supply management across the entire healthcare continuum  from the acute care hospital setting to post-acute skilled nursing and long-term care facilities to the home.

More than 3,000 customers worldwide have utilized Omnicell Automation and Analytics solutions to increase operational efficiency, reduce errors, deliver actionable intelligence and improve patient safety. Omnicell Medication Adherence solutions, including its MTS Medication Technologies brand, provide innovative medication adherence packaging solutions to help reduce costly hospital readmissions. In addition, these solutions enable approximately 6,000 institutional and retail pharmacies worldwide to maintain high accuracy and quality standards in medication dispensing and administration while optimizing productivity and controlling costs.

For more information about Omnicell, Inc. please visit www.omnicell.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements, including, but not limited to, statements related to the anticipated consummation of the acquisition of MACH4 Pharma Systems and the benefits thereof, including Omnicell’s expectations of future revenue, bookings and earnings, anticipated integration costs, and the combined company’s ability to help reduce medication errors and lower healthcare costs and other statements that are not historical facts. These forward-looking statements are based on Omnicell’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to Omnicell’s ability to complete the acquisition on the proposed terms and schedule, including risks and uncertainties related to the satisfaction of closing conditions, including, but not limited to risks associated with business combination transactions, such as the risk that acquired business will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; risks related to future opportunities and plans for the combined company, including the reaction of the combined company’s customers and potential customers, the perceived complementary nature of the combined company’s products and solutions, uncertainty of the expected financial performance, market opportunities and results of the combined company following completion of the proposed acquisition; and the possibility that if Omnicell does not achieve the perceived benefits of the proposed acquisition of MACH4 as rapidly or to the extent anticipated by financial analysts or investors, the market price of Omnicell stock could decline; as well as other risks related Omnicell’s business, and those other risks detailed from time to time under the caption “Risk Factors” and elsewhere in Omnicell’s SEC filings and reports, including in the Annual Report on Form 10-K for the year endedDecember 31, 2013 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2014. Omnicell undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations.

OMCL – G

Source: Omnicell, Inc.

Related stocks: NASDAQ-NMS:OMCL

Written by asiafreshnews

March 2, 2015 at 5:55 pm

Posted in Uncategorized

Pembina maintains secure financial position and delivers record year in 2014

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— Project execution is tracking on time and on budget; new capital projects and additional secured Phase III pipeline expansion volumes support future growth
— All financial figures are in Canadian dollars unless noted otherwise. This news release contains forward-looking statements and information that are based on Pembina Pipeline Corporation’s (“Pembina” or the “Company”) current expectations, estimates, projections and assumptions in light of its experience and its perception of historic trends. Actual results may differ materially from those expressed or implied by these forward-looking statements. Please see “Forward-Looking Statements & Information” herein and in the Company’s Management’s Discussion & Analysis for the period ended December 31, 2014 (“MD&A”) for more details. This news release also refers to net revenue, operating margin, earnings before interest, taxes, depreciation and amortization (“EBITDA”) and adjusted cash flow from operating activities (and cash flow from operating activities per common share and adjusted cash flow from operating activities per common share) which are financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”). Pembina’s methods of calculating these financial measures may not be directly comparable to that of other companies. Pembina considers these non-GAAP financial measures to provide useful information to both management and investors in measuring Pembina’s financial performance and financial condition. For more information about the measures which are not defined by GAAP see “Non-GAAP and Additional GAAP Measures” herein and in the MD&A, which is available on SEDAR at http://www.sedar.com.

CALGARY, Alberta /PRNewswire/ — Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the fourth quarter and full year 2014.

Financial Overview

($ millions, except where noted)

3 Months Ended
December 31
(unaudited)

12 Months Ended
December 31

2014

2013

2014

2013

Revenue

1,259

1,282

6,069

5,006

Net revenue(1)

304

379

1,469

1,306

Operating margin(1)

195

275

1,078

949

Gross profit

144

235

876

793

Earnings

84

95

383

351

Earnings per common share – basic (dollars)

0.22

0.29

1.07

1.12

Earnings per common share – diluted (dollars)

0.22

0.29

1.06

1.12

EBITDA(1) (2)

170

235

920

832

Cash flow from operating activities

196

208

800

685

Cash flow from operating activities per common share – basic (dollars)(1)

0.58

0.66

2.45

2.23

Adjusted cash flow from operating activities(1)

164

185

777

725

Adjusted cash flow from operating activities per common share – basic (dollars)(1)

0.49

0.59

2.38

2.36

Common share dividends declared

146

132

563

507

Preferred share dividends declared

10

5

31

5

Dividends per common share (dollars)

0.44

0.42

1.72

1.65

Capital expenditures

483

275

1,412

880

(1)

Refer to “Non-GAAP and Additional GAAP Measures.”

(2)

Includes inventory write-down for the three and twelve months ended December 31, 2014 of $38 million and other expenses as discussed below.

2014 Highlights

“I’m very happy to report that 2014 was another record year for Pembina and the most successful year in the history of our Company,” said Mick Dilger, Pembina’s President and Chief Executive Officer. “Driven by strong operational performance, we achieved record operating margin, which increased nearly 14 percent over 2013. We also reached an all-time high for cash flow from operating activities, which grew almost 17 percent and 10 percent on a per share basis in 2014 compared to 2013 as well as for EBITDA, which increased by almost 11 percent over the prior year.”

“Another 2014 achievement that I’m particularly proud of is our safety record. Pembina had a full year of zero lost time injuries and zero recordable employee injuries, despite employees having worked 24 percent more hours than in 2013,” added Mick. “This is an extraordinary accomplishment and evidence of our commitment to achieving safe, reliable and responsible operations – an effort that is clearly paying off.”

Other highlights from 2014 included: continuing to progress Pembina’s $5.8 billion of committed capital growth projects while keeping the overall portfolio tracking on time and on budget; placing almost $900 million of new assets into service; completing the Vantage acquisition and subsequently securing an expansion in February 2015; signing new contracts to support additions to the Company’s Phase III Expansion plans; announcing approximately $1.4 billion of new projects and locking in future growth; raising $1.1 billion in new financings; and increasing the common share dividend.

“Our Phase III Expansion, which is slated to be in-service between late-2016 and mid-2017, continued to receive support from customers throughout the year,” commented Mick. “This is a positive indication of the ongoing confidence in the oil and gas reserves in western Canada, despite challenging markets near the end of 2014 and into early 2015. Since September 2014, we’ve secured an additional 75,000 barrels per day under long-term, fee-for-service agreements and total committed volume is now 362,000 barrels per day, or 86 percent of the initial 420,000 barrel per day capacity.”

“As I’ve said, this was the most successful year in our history,” stated Mick. “We continue to do the important things right – operating safely and reliably, de-risking our business, securing additional Phase III volumes, and positioning ourselves to generate long-term shareholder value. Doing the important things right will continue to be our focus as we progress through 2015. Pembina has been proactively working to grow its fee-for-service business to minimize future impacts of commodity prices on its financial results. With our $5.8 billion of committed projects, we should see operating margin underpinned by fee-for-service agreements grow from approximately 65 percent in 2014 to in excess of 80 percent in 2018. Our objective is to continue our strategy of pursuing low-risk, contracted projects and to outgrow the component of our overall business that is directly tied to commodity prices.”

Mick concluded: “There is no disputing the decline in commodity prices took a toll on our fourth quarter results. However, I’m confident that this will not interfere with our medium-term goal of essentially doubling our EBITDA by mid-2017, which in the end will reward our loyal shareholders. We plan to stay the course, do what’s required, and achieve this outcome.”

2014 Financial Review

Revenue in 2014 was $6.1 billion compared to $5 billion in 2013 while net revenue for 2014 was $1.5 billioncompared to $1.3 billion during 2013. The increase in net revenue was largely due to the Company’s Conventional Pipelines and Gas Services businesses which generated increases in net revenue of almost 25 percent and 36 percent, respectively, during 2014 compared to the prior year. Strong performance in each of these businesses was driven by new assets and facilities being placed into service as well as increased volumes on legacy assets.

Revenue for the fourth quarter of 2014 was $1.3 billion, essentially unchanged from the fourth quarter of 2013. Net revenue decreased by 20 percent in the fourth quarter of 2014 to $304 million from $379 million during the same period of 2013. This decrease was primarily due to the decline in commodity prices, which resulted in lower price differentials and an inventory write-down of $38 million in the Company’s Midstream business. Partially offsetting net revenue was the Company’s Conventional Pipelines business, which generated an increase of approximately 32 percent in net revenue in the fourth quarter of 2014 compared to the same period of 2013 due to contributions from the Phase I crude oil, condensate and natural gas liquids pipeline capacity expansions which were completed in December 2013 (the “Phase I Expansions”). In addition, start-up at the new Resthaven Facility and strong performance at the Company’s Saturn I Facility helped drive an increase of over 39 percent in Gas Services’ net revenue in the fourth quarter of 2014 compared to the same period of 2013.

Operating expenses were $401 million for the full-year in 2014 and $117 million during the fourth quarter compared to $356 million and $101 million during the same periods of 2013. The increase in operating expenses for the year and fourth quarter ended December 31, 2014 was primarily the result of new in-service assets, offset by a reduction in operating expenses in the Company’s Midstream business resulting from Pembina’s disposition of certain of its non-core trucking-related assets recognized in the second quarter of 2014.

During 2014, operating margin increased almost 14 percent to $1.1 billion compared to $949 million for the full-year of 2013. The year-over-year increase was primarily because of strong performance in the Company’s Conventional Pipelines and Gas Services businesses, as well as the Midstream business in the first nine months of the year. Operating margin totalled $195 million during the fourth quarter of 2014, down from $275 million in the same period last year. This decrease was largely related to the Midstream business, which was impacted by weak commodity prices during the last several months of 2014, as discussed above.

Depreciation and amortization included in operations during 2014 was $216 million compared to $163 million for the full-year of 2013. This increase was partially due to depreciation and amortization of $40 million stemming from the growth in Pembina’s asset base since 2013. This includes the acquisition of the Vantage pipeline system (the “Vantage Pipeline”) which increased the Company’s asset base by seven percent and contributed $4 millionin depreciation expense since the closing of the acquisition (discussed below). In addition, Pembina recognized$13 million in accelerated depreciation associated with the Company’s non-core trucking-related assets in the second quarter of 2014, as well as a reduced recovery recognized in 2014 compared to 2013 with respect to the re-measurement of the decommissioning provision due to changes in discount rates. In the fourth quarter of 2014, depreciation and amortization included in operations rose to $62 million compared to $42 million during the same period in 2013 as a result of the same factors which impacted the full-year results noted above.

Gross profit for 2014 was $876 million compared to $793 million for 2013. This 10 percent year-over-year increase was driven by strong operating performance in 2014, as previously mentioned. In the fourth quarter of 2014, decreased operating margin coupled with increased depreciation and amortization included in operations contributed to gross profit of $144 million, a 39 percent reduction compared to $235 million in the same period in 2013.

For the year ended December 31, 2014, Pembina incurred general and administrative expenses (excluding corporate depreciation and amortization) of $156 million compared to $132 million during 2013. The increase was largely due to higher salaries, benefits, incentives and rental expenses related to the addition of new employees and consultants to support Pembina’s growth. General and administrative expenses (excluding corporate depreciation and amortization) were $28 million in the fourth quarter of 2014 compared to $43 million in the same period of 2013. This decrease was primarily due to lower share-based payment expenses which were partially offset by an increase in salaries, benefits and rental expenses. The decrease in share-based payment expense in the fourth quarter of 2014 is correlated with the Company’s share price, which decreased during that period compared to an increase in the Company’s share price in the fourth quarter of 2013. Every $1 change in share price is expected to change Pembina’s annual share-based incentive expense by approximately $1 million.

Pembina generated EBITDA of $920 million in 2014 ($976 million prior to an inventory write-down and other expenses, as discussed below), 11 percent higher than EBITDA of $832 million in 2013. The increase in EBITDA was due to higher operating margin, partially offset by an inventory write-down of $38 million (2013: nil) in the Company’s Midstream business recorded in the fourth quarter of the year and other expenses of $18 million(2013: $1 million). Other expenses increased year-over-year primarily due to a net impairment for non-recoverable costs associated with the Cornerstone pipeline project (which did not proceed), arbitration settlement costs and acquisition-related expenses for the Vantage Pipeline. EBITDA was $170 million during the fourth quarter of 2014, down from $235 million during the fourth quarter of 2013 due to decreased operating margin, which was partially offset by reduced general and administrative and other expenses. EBITDA for the fourth quarter of 2014 before the $38 million inventory write-down was $208 million.

Full-year net finance costs in 2014 totalled $130 million, down from $166 million in 2013. Net finance costs were lower in 2014 primarily due to a $30 million decrease in the loss on the revaluation of the conversion feature of the series E and F convertible debentures resulting from fewer debentures outstanding and lower prices for these securities. A $9 million decrease in interest expense on the convertible debentures as a result of conversions during the year and foreign exchange gains and other of $3 million also contributed to lower net finance costs. These changes were partially offset by an increase of $8 million in the loss on fair value of non-commodity-related derivative financial instruments and increased interest expense of $2 million on loans and borrowings, reflecting increased borrowing levels, net of capitalized borrowing costs.

Income tax expense for 2014 totalled $167 million, including current tax of $103 million and deferred tax of $64 million, compared to income tax expense of $143 million in 2013, including current tax of $38 million and deferred tax of $105 million. The current tax rose in 2014 primarily as a result of taxable income exceeding losses and deductions available for carry-over in certain of Pembina subsidiary corporations. Income tax expense was $39 million for the fourth quarter of 2014, including current tax of $28 million and deferred tax of $11 million, compared to $41 million, including current tax of $19 million and deferred tax of $22 million in the same period of 2013 for the same reasons noted above.

The Company’s earnings increased to $383 million in 2014 compared to $351 million in 2013. This was largely due to higher gross profit in the Conventional Pipelines, Gas Services and Midstream businesses and lower finance costs, which were offset by increased general and administrative expenses, other expenses, share of loss from equity accounted investees and income tax expense. Despite increased earnings, earnings per share decreased from $1.12 per common share in 2013 to $1.07 per common share in 2014, largely because of the increased weighted average number of common shares outstanding due to shares issued in the following ways: upon conversion of convertible debentures; under the dividend reinvestment component of Pembina’s Premium Dividend™ and Dividend Reinvestment Plan; and, in association with the Vantage Pipeline acquisition. Also offsetting the increase in earnings was the Company’s share of loss from equity accounted investees, which included accelerated depreciation of $25 million for certain out-of-service assets at Pembina’s Fort Saskatchewanethylene storage facility which was recorded in the third quarter of 2014. The Company’s earnings decreased to$84 million ($0.22 per common share) during the fourth quarter of 2014 compared to $95 million ($0.29 per common share) during the fourth quarter of 2013 largely due to reduced gross profit in the Company’s Midstream business, higher taxes and depreciation and amortization included in operations in 2014.

Cash flow from operating activities for the year ended December 31, 2014 was $800 million ($2.45 per common share) compared to $685 million ($2.23 per common share) during 2013. The increase was mainly due to higher earnings as well as a decreased change in non-cash working capital in 2014 compared to 2013 and partially offset by increased taxes paid. Cash flow from operating activities was $196 million ($0.58 per common share) during the fourth quarter of 2014 compared to $208 million ($0.66 per common share) for the same period last year, with the decrease primarily due to lower fourth quarter earnings in 2014.

Adjusted cash flow from operating activities in 2014 was $777 million ($2.38 per common share) compared to$725 million ($2.36 per common share) during 2013. The increase was largely related to higher operating margin offset by increased current taxes, share-based payment expenses and preferred share dividends declared and paid. Adjusted cash flow from operating activities for the fourth quarter of 2014 was $164 million ($0.49 per common share) compared to $185 million ($0.59 per common share) during the fourth quarter of 2013. This decrease was primarily due to lower operating margin, increased current taxes and preferred share dividends declared and paid.

Operating Results

3 Months Ended
December 31
(unaudited)

12 Months Ended
December 31

(mbpd, except where noted)(1)

2014

2013

2014

2013

Conventional Pipelines throughput

612

500

575

492

Oil Sands & Heavy Oil contracted capacity

880

880

880

880

Gas Services average volume processed (mboe/d) net to Pembina(2)

97

66

86

53

Midstream NGL sales volume(3)

130

122

119

109

Total volume

1,719

1,568

1,660

1,534

(1)

mbpd is thousands of barrels per day.

(2)

Gas Services average volume processed converted to mboe/d (thousands of barrels of oil equivalent per day) from million cubic feet per day (“MMcf/d”) at 6:1 ratio.

(3)

NGL is natural gas liquids.

3 Months Ended
December 31
(unaudited)

12 Months Ended
December 31

2014

2013

2014

2013

($ millions)

Net
Revenue(1)

Operating
Margin(1)

Net
Revenue(1)

Operating
Margin(1)

Net
Revenue(1)

Operating
Margin(1)

Net
Revenue(1)

Operating
Margin(1)

Conventional Pipelines

146

74

111

59

513

302

411

251

Oil Sands & Heavy Oil

52

34

53

34

204

136

195

131

Gas Services

46

29

33

21

165

107

121

78

Midstream

61

57

183

161

587

528

580

486

Corporate

(1)

1

(1)

5

(1)

3

Total

304

195

379

275

1,469

1,078

1,306

949

(1)

Refer to “Non-GAAP and Additional GAAP Measures.”

  • For the twelve and three months ended December 31, 2014, financial and operating results in the Conventional Pipelines business were higher than the comparable periods of 2013 primarily due to the Phase I Expansions being placed into service at the end of 2013, which allowed for increased volumes on the Company’s Peace and Northern pipeline systems. Fourth quarter results in 2014 were also positively impacted by volumes on the Vantage Pipeline, which are recorded in this business.
  • In the Oil Sands & Heavy Oil business, increases in net revenue and operating margin during the year endedDecember 31, 2014 compared to 2013 were primarily related to higher interruptible volumes on the Nipisi Pipeline. Additional flow through operating expenses further increased net revenue in the first and third quarters of 2014. Net revenue and operating margin remained consistent during the fourth quarter of 2014 as compared to the same period of 2013.
  • Gas Services’ financial and operating results were higher in both the full-year and fourth quarter of 2014 compared to the commensurate periods of the prior year primarily due to the addition of the Saturn I Facility, which was placed into service in late October 2013, and improved operational performance at the Company’s Cutbank Complex. The Resthaven Facility, which was placed into service in October 2014, also contributed to the higher fourth quarter results.
  • In the Midstream business, full-year net revenue and operating margin of $587 million and $528 millionrespectively, improved over the $580 million and $486 million realized in 2013. Higher net revenue and operating margin in 2014 was primarily because of increased storage opportunities in the first half of the year along with higher throughput volumes, wider margins, stronger NGL and propane pricing early in the year (predominantly in Empress East), offset by reduced commodity prices in the fourth quarter. Pembinagenerated net revenue of $61 million during the fourth quarter of 2014, down from $183 million during the fourth quarter of 2013. Operating margin in the fourth quarter of 2014 in this business was $57 millioncompared to $161 million during the same period of the prior year. These decreases were mainly due to the decline in commodity prices, particularly the weaker price for propane in the fourth quarter of 2014 compared to the same period in 2013, which resulted in Pembina recognizing an inventory write-down of $38 million.Pembina’s average realized sales price for propane declined approximately 30 percent in the fourth quarter of 2014 compared to the same period of 2013. Lower price differentials combined with lower crude oil midstream storage revenue also negatively impacted fourth quarter net revenue and operating margin in 2014.

Acquisition of the Vantage Pipeline and Vantage Pipeline Expansion

On October 24, 2014, Pembina acquired the Vantage Pipeline and Mistral Midstream Inc.’s (“Mistral”) interest in the Saskatchewan Ethane Extraction Plant (“SEEP”) for total consideration of $733 million (U.S.$653 million). To enact the purchase, Pembina acquired all of the issued and outstanding equity interests of Vantage Pipeline Canada ULC, Vantage Pipeline US LP and Mistral. Consideration for the transaction consisted of cash of $217 million (U.S.$193 million), the issuance of 5,610,317 common shares of the Company valued at $266 million(U.S.$237 million), and repayment of Vantage’s bank indebtedness of $250 million (U.S.$223 million) at closing (the “Vantage Acquisition”). The fair value of the common shares issued was based on the Toronto Stock Exchange listed share price on the closing date of the acquisition.

The Vantage Pipeline is a recently constructed high vapour pressure pipeline that is approximately 700 kilometres (“km”) long with a capacity of approximately 40 mbpd. The pipeline originates in Tioga, North Dakotaand terminates near Empress, Alberta and it provides long-term, fee-for-service cash flow and access to the North Dakota Bakken play for future NGL opportunities. The Vantage Pipeline forms part of Pembina’s Conventional Pipelines business.

As part of the Vantage Acquisition, Pembina also acquired pipeline infrastructure from Mistral and Mistral’s interest in SEEP, a 60 MMcf/d deep cut gas processing facility that is currently under construction and is centrally located to service the southeast Saskatchewan Bakken region. SEEP, which is underpinned by both a long-term ethane sales agreement and a long-term, fee-for-service processing agreement, is expected to produce approximately 4.5 mbpd of ethane and will connect into the Vantage Pipeline through a pipeline lateral. Pembinaexpects SEEP and the associated pipeline lateral to be in-service in mid-2015. SEEP and the associated pipeline lateral form part of Pembina’s Gas Services business.

Subsequent to the Vantage Acquisition and year end, on February 10, 2015, the Company announced that it has entered into agreements to expand the Vantage pipeline system (the “Vantage Expansion”) for an estimated capital cost of $85 million.

The Vantage Expansion entails increasing the Vantage Pipeline’s mainline capacity from 40 mbpd to 68 mbpd through the addition of mainline pump stations and the construction of a new 80 km, 8-inch gathering lateral. The Vantage Expansion is supported by a long-term, fee-for-service agreement, with a substantial take-or-pay component, and the gathering lateral is underpinned by a fixed return on invested capital agreement. Subject to regulatory and environmental approvals, the Vantage Expansion is expected to be in-service in early-2016.

New Developments in 2014 and Growth Project Update

2014 was a particularly successful year for Pembina in terms of securing customer support for announced projects, acquiring assets to expand the Company’s operations into new areas and progressing longer-term growth opportunities. The Company remained focused on expanding its integrated service offerings and proactively growing its fee-for-service asset base.

Conventional Pipelines

As announced in September 2014, Pembina is increasing the size of its Phase III Pipeline Expansion program (the “Phase III Expansion”) due to strong customer demand throughout the year. Pembina now plans to construct two pipelines between Fox Creek and Namao, Alberta (one 16-inch diameter and one 24-inch diameter) with an initial combined capacity of 420 mbpd and an ultimate capacity of over 690 mbpd with the addition of midpoint pump stations. Another segment was also added to the project between Wapiti and Kakwa, Alberta. These additions are expected to increase capital spending for the mainline project from $2 billion to $2.44 billion. Subject to regulatory and environmental approvals, Pembina expects the 16-inch and 24-inch diameter pipelines to be in-service between late-2016 and mid-2017. Pembina submitted its regulatory application for both pipelines from Fox Creek to Namao on September 2, 2014.

The Phase III Expansion continued to receive positive customer support through the latter part of 2014, with new contracts being signed for volumes. Pembina announced on September 10, 2014 that it had commitments for 289 mbpd and by September 25, 2014, the Company announced that it had secured additional agreements, bringing total volume under contract to 307 mbpd. Since then, Pembina has received further commitments for an additional 55 mbpd, despite challenging markets near the end of the year. Total committed volume is now 362 mbpd, or 86 percent of the initial 420 mbpd capacity.

Pembina placed its previously announced pipeline expansion between Simonette and Fox Creek into service onAugust 6, 2014. With this expansion, Pembina expects to be able to deliver an initial 40 mbpd into its Peace Pipeline from Fox Creek into Edmonton once the crude oil and condensate Phase II Expansion, discussed below, is complete. The 35 km segment from Lator to Simonette is also complete and came into service in January 2015and construction is progressing on the 35 km segment from Kakwa to Lator, with an anticipated April 2015 in-service date. To date, over 10 percent of the overall Phase III Expansion program has been completed on time and on budget.

Also during 2014, Pembina was successful in its commercial efforts to secure the majority of its existing crude and condensate volumes under long-term, firm-service contracts. In aggregate, Pembina has now contracted 690 mbpd of crude oil, condensate and NGL through its recontracting efforts and through its Phase I, II and III conventional pipeline expansions. Once the Phase III Expansion is brought into service, virtually all of the throughput on Pembina’s Peace and Northern systems will be under long-term, fee-for-service contracts.

With the completion of the Phase III Expansion, the Company will have four pipelines in the corridor between Fox Creek and Namao which will allow for operational efficiencies and improved quality management of product on its systems.

Work continued on the Phase II crude oil, condensate and NGL expansions (“Phase II Expansions”) over the fourth quarter of 2014. Pembina expects the crude oil and condensate portion of the project to be mechanically complete in April 2015 and commissioned in the second quarter of 2015. Pembina has now received all regulatory and environmental approvals for the NGL portion of the pipeline and expects this component of the project to be in-service in the third quarter of 2015. Overall, the Phase II Expansions are continuing to track on-budget.

The Company is also continuing to progress its previously announced plans to expand its presence in the Edsonand Willesden Green areas of Alberta. Pembina expects the Willesden Green pipeline lateral to be in-service in mid-2015 and, subject to regulatory and environmental approvals, its pipeline laterals in the Edson area to be in-service mid-2016.

On November 11, 2014, Pembina announced that it has entered into binding agreements to proceed with a $220 million expansion to its pipeline infrastructure in northeast British Columbia (“B.C.”) (the “NEBC Expansion”). The NEBC Expansion will transport condensate and NGL for various producers in the liquids-rich Montney resource play.

The project entails the construction of approximately 160 km of up to 12-inch diameter pipeline with a base capacity of up to 75 mbpd that will parallel the Company’s Blueberry pipeline system northwest of Taylor, B.C. to the Highway/Blair Creek area of B.C. The project is underpinned by a long-term, cost-of-service agreement with an anchor tenant. Subject to regulatory and environmental approvals, Pembina anticipates bringing the NEBC Expansion on-stream in late-2017.

Gas Services

The Company continued to attract significant support for new gas gathering and processing infrastructure throughout 2014 and successfully progressed its roster of projects within this business.

On October 6, 2014, Pembina placed its 200 MMcf/d (134 MMcf/d net) Resthaven Facility into service and it is now delivering NGL into Pembina’s Peace Pipeline.

On October 10, 2014, Pembina announced that it plans to proceed with a $170 million (gross) 100 MMcf/d expansion of the Resthaven Facility and to build, own and operate a new gas gathering pipeline that will deliver gas into the plant (collectively, the “Resthaven Expansion”). The Resthaven Expansion is underpinned by a long-term fee-for-service agreement and Pembina expects the plant expansion to be in-service in mid-2016 and the gathering pipeline to be in-service in mid-2015.

On November 27, 2014, Pembina announced that it plans to construct a new 100 MMcf/d shallow cut facility (“Musreau III”) and further expand its gas processing capacity at Musreau for an estimated cost of $105 million. Musreau III, which is underpinned by long-term agreements with several area producers, will be built adjacent toPembina’s existing Musreau I and Musreau II facilities. The new gas plant will leverage the engineering, design and execution strategy from the Company’s Musreau I and Musreau II facilities and will use the same pipeline lateral to access Pembina’s Peace Pipeline System. Pembina expects Musreau III to have liquids extraction capacity of 3 mbpd, subject to gas compositions. The agreements for Musreau III are take-or-pay in nature and provide flow through of operating expenses. Subject to regulatory and environmental approvals, Pembinaanticipates bringing Musreau III on-stream in mid-2016.

In total, once Musreau III is complete, the Cutbank Complex will have 568 MMcf/d of shallow cut processing capacity, net to Pembina, 205 MMcf/d of deep cut processing capacity and will be able to produce roughly 25 mbpd of liquids for transportation on Pembina’s Conventional Pipelines.

Pembina has also completed commissioning of its newly constructed 100 MMcf/d shallow cut gas plant, the Musreau II Facility, which came in slightly under budget and was placed into service on December 17, 2014, ahead of its previously anticipated in-service date of the first quarter 2015.

The Company is progressing the construction of the newly-acquired SEEP facility. The project is currently on budget and on schedule for a mid-2015 in-service date with plant site construction approximately 25 percent complete. All regulatory and environmental approvals have been obtained and all engineering, fabrication and construction services have been largely contracted.

Pembina’s Saturn II Facility (a 200 MMcf/d ‘twin’ of the Saturn I Facility) is on schedule and on budget and is expected to be commissioned in the third quarter and placed into service by late-2015. To-date, the Company has completed 36 percent of site construction.

Once the facilities listed above come on-stream, Pembina expects Gas Services’ processing capacity to reach 1.5 bcf/d (net to Pembina), including ethane-plus extraction capacity of 870 MMcf/d (net to Pembina). The volumes from Pembina’s existing assets and those under development (as discussed above) will be processed largely on a contracted, fee-for-service basis and could result in 70 mbpd of NGL, subject to gas compositions, that would be transported for toll revenue on Pembina’s Conventional Pipelines. Volumes from these projects supportPembina’s pipeline expansion plans as discussed under “Conventional Pipelines.”

Midstream

Pembina continues to progress facility construction of its second 73 mbpd ethane-plus fractionator at the Company’s Redwater site (“RFS II”). Over 80 percent of equipment has been set on site and module fabrication is substantially complete. On site construction is currently 65 percent complete. The project is on schedule and anticipated to be on-stream late in the fourth quarter of 2015.

With the addition of RFS III, Pembina’s third fractionator at its Redwater site with propane-plus capacity of 55 mbpd, which was announced on May 12, 2014, fractionation capacity will total 210 mbpd, making the Company’sRedwater complex the largest fractionation facility in Canada. Detailed engineering work is underway and over 30 percent of long-lead equipment has been ordered, with all critical orders in place. Pembina has now received regulatory approval and has submitted its application for environmental approval, which it anticipates receiving later this year. Subject to obtaining this approval, Pembina expects RFS III to be in-service in the third quarter of 2017. Overall, the project is tracking on schedule and on budget.

As announced on October 9, 2014, Pembina plans to develop the Canadian Diluent Hub (“CDH”), a large-scale condensate and diluent terminal at its Heartland Terminal site near Fort Saskatchewan, Alberta. The proposed facilities are designed to accommodate contracted diluent supply volumes from the Company’s previously announced field gas plant, pipeline and NGL fractionator expansions. The Company expects CDH to become a new market hub for condensate and other diluents by offering its customers a variety of value-added services.

Site preparation began in late-2013 and is on-going. Subject to further regulatory and environmental approvals,Pembina anticipates phasing-in incremental pipeline connections to regional condensate delivery systems in 2016 with a view to achieving full connectivity and service offerings at CDH in mid-2017.

On June 16, 2014, Pembina’s Midstream business placed a new full-service truck terminal in the Cynthia area ofAlberta into service which was operating at full capacity by the end of the year. The Company also continued with the development of storage capacity at its Edmonton North Terminal. During the fourth quarter, Pembinaprogressed construction at the site with a view to bringing the additional 540,000 barrels of above-ground storage tanks into service in mid-2016.

At its storage and terminalling facilities in Corunna, Ontario, Pembina progressed development of a new brine pond, rail upgrades, and the installation of a new propane truck rack to meet increased demand for services.Pembina also continued throughout the year on its underground hydrocarbon cavern development program at itsRedwater facility.

In September, the Company communicated its plans to proceed with developing a 37 mbpd west coast propane export terminal under an agreement with the Port of Portland, Oregon. This agreement sets forth the terminal site, which includes an existing marine berth located within the city of Portland, for the development of the project. Since the announcement, Pembina’s dedicated project team is continuing to make progress with community, regulatory and special interest group engagement, and is also advancing detailed engineering design work in advance of a number of permit applications to be submitted throughout 2015. The project is anticipated to be brought into service in early-2018 (subject to obtaining required permits and approvals). The Company expects that the proposed terminal will provide growing Canadian propane supply (that is derived from natural gas produced in western Canada) with access to large, international markets, while complementing Pembina’sexpanding integrated service offering for products that are derived from natural gas.

Financing Activity

On January 16, 2014, Pembina closed its offering of 10 million cumulative redeemable rate reset class A preferred shares, Series 5 (“Series 5 Preferred Shares”) at a price of $25.00 per share for aggregate proceeds of$250 million. Dividends on the Series 5 Preferred Shares are $0.3125 quarterly, or $1.25 per share on an annualized basis, payable on the 1st day of March, June, September and December, as and when declared by the Board of Directors of Pembina, for the initial fixed rate period to but excluding June 1, 2019. The Series 5 Preferred Shares began trading on the Toronto Stock Exchange on January 16, 2014 under the symbol PPL.PR.E.

On April 4, 2014, the Company issued $600 million in senior unsecured medium-term notes and subsequently repaid its $75 million senior unsecured term facility on April 7, 2014 and its $175 million senior unsecured notes (Series A) on June 16, 2014.

On September 11, 2014, Pembina closed its offering of 10 million cumulative redeemable rate reset class A preferred shares, series 7 (“Series 7 Preferred Shares”) at a price of $25.00 per share for aggregate gross proceeds of $250 million. Dividends on the Series 7 Preferred Shares are $0.2813 quarterly, or $1.125 per share on an annualized basis, payable on the 1st day of March, June, September and December, as and when declared by the Board of Directors of Pembina, for the initial fixed rate period to but excluding December 1, 2019. The Series 7 Preferred Shares began trading on the Toronto Stock Exchange on September 11, 2014 under the symbol PPL.PR.G.

Subsequent to year-end 2014, Pembina closed an offering of $600 million of senior unsecured medium-term notes on February 2, 2015. The offering was conducted in two tranches consisting of $450 million in senior unsecured medium-term notes, series 5 having a fixed coupon of 3.54 percent per annum, paid semi-annually, and maturing on February 3, 2025, and $150 million through the re-opening of its 4.75 percent medium-term notes, series 3, due April 30, 2043. Net proceeds were used to reduce short-term indebtedness of the Company under its credit facilities, and will also be used to fund Pembina’s capital program and for other general corporate purposes.

Fourth Quarter 2014 Conference Call & Webcast

Pembina will host a conference call on Friday, February 27, 2015 at 8:00 a.m. MT (10:00 a.m. ET) for interested investors, analysts, brokers and media representatives to discuss details related to the full-year and fourth quarter of 2014. The conference call dial-in numbers for Canada and the U.S. are 647-427-7450 or 888-231-8191. A recording of the conference call will be available for replay until March 4, 2015 at 11:59 p.m. ET. To access the replay, please dial either 416-849-0833 or 855-859-2056 and enter the password 41655527.

A live webcast of the conference call can be accessed on Pembina’s website at www.pembina.com under Investor Centre, Presentation & Events, or by entering: http://event.on24.com/r.htm?e=908208&s=1&k=6DBCFDBECA3074FAE21EB2E3398FFCB8 in your web browser. Shortly after the call, an audio archive will be posted on the website for a minimum of 90 days.

2015 Investor Day

Pembina will hold an Investor Day on Tuesday, March 10, 2015 at the One King West Hotel in Toronto, Ontario.

Parties interested in attending the event please email investor-relations@pembina.com to request an invite. A live webcast will begin at 8:30 a.m. ET. To register for the webcast please click the following link or enter the URL into your web browser: http://event.on24.com/r.htm?e=909285&s=1&k=9ADA55600DE489890511AB3328511E0A

The webcast and presentation will be accessible and available for replay through Pembina’s website under Investor Centre, Presentations & Events.

About Pembina

Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America’s energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and NGL produced in western Canada and ethane produced in North Dakota. The Company also owns and operates gas gathering and processing facilities and an oil and NGL infrastructure and logistics business. With facilities strategically located in western Canada and in NGL markets in eastern Canada and the U.S., Pembina also offers a full spectrum of midstream and marketing services that spans across its operations. Pembina’s integrated assets and commercial operations enable it to offer services needed by the energy sector along the hydrocarbon value chain.

Forward-Looking Statements & Information

This document contains certain forward-looking statements and information (collectively, “forward-looking statements”), including forward-looking statements within the meaning of the “safe harbor” provisions of applicable securities legislation, that are based on Pembina’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as “schedule”, “will”, “expects”, “plans”, “anticipates”, “intends”, “should”, “anticipates”, “estimates” and similar expressions suggesting future events or future performance.

In particular, this document contains forward-looking statements pertaining to, without limitation, the following:Pembina’s corporate strategy; future dividends which may be declared on Pembina’s common shares; planning, construction, capital expenditure estimates, schedules, expected capacity, incremental volumes, in-service dates, rights, activities and operations with respect to planned new construction of, or expansions on existing, pipelines, gas services facilities, fractionation facilities, terminalling, storage and hub facilities; the anticipated impact of acquisitions on the Company’s future cash flows, financial position and commercial opportunities; anticipated synergies between newly acquired assets, assets under development and existing assets of the Company; the impact of share price on annual share-based incentive expense; and, the anticipated use of proceeds from financings.

The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry exploration and development activity levels; the success of Pembina’s operations and growth projects; prevailing commodity prices and exchange rates and the ability of Pembina to maintain current credit ratings; the availability of capital to fund future capital requirements relating to existing assets and projects; expectations regarding participation inPembina’s dividend reinvestment plan; future operating costs; geotechnical and integrity costs; that any third party projects relating to Pembina’s growth projects will be sanctioned and completed as expected; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; that counterparties will comply with contracts in a timely manner; that there are no unforeseen events preventing the performance of contracts or the completion of the relevant facilities; that there are no unforeseen material costs relating to the facilities which are not recoverable from customers; interest and tax rates; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; the amount of future liabilities relating to environmental incidents; and the availability of coverage under Pembina’s insurance policies (including in respect of Pembina’s business interruption insurance policy).

Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the regulatory environment and decisions; the impact of competitive entities and pricing; labour and material shortages; reliance on key relationships and agreements; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by counterparties to agreements which Pembina or one or more of its affiliates has entered into in respect of its business; actions by governmental or regulatory authorities including changes in tax laws and treatment, changes in royalty rates or increased environmental regulation; fluctuations in operating results; adverse general economic and market conditions inCanada, North America and elsewhere, including changes in interest rates, foreign currency exchange rates and commodity prices; and certain other risks detailed from time to time in Pembina’s public disclosure documents available at www.sedar.com. This list of risk factors should not be construed as exhaustive.

Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Non-GAAP and Additional GAAP Measures

In this news release, Pembina has used the terms net revenue, operating margin, earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted cash flow from operating activities, cash flow from operating activities per common share and adjusted cash flow from operating activities per common share. Since Non-GAAP and Additional GAAP financial measures do not have a standardized meaning prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies, securities regulations require that Non-GAAP and Additional GAAP financial measures are clearly defined, qualified and reconciled to their nearest GAAP measure. Except as otherwise indicated, these Non-GAAP and Additional GAAP measures are calculated and disclosed on a consistent basis from period to period. Specific adjusting items may only be relevant in certain periods. The intent of Non-GAAP and Additional GAAP measures is to provide additional useful information to investors and analysts and the measures do not have any standardized meaning under IFRS. The measures should not, therefore, be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. Other issuers may calculate the Non-GAAP and Additional GAAP measures differently. Investors should be cautioned that these measures should not be construed as alternatives to net earnings, cash flow from operating activities or other measures of financial results determined in accordance with GAAP as an indicator of Pembina’s performance. For additional information regarding non-GAAP and additional GAAP measures, including reconciliations to measures recognized by GAAP, please refer to the MD&A, which is available on SEDAR at www.sedar.com.

For further information:

Investor Relations
Scott Burrows, Vice President, Finance & Chief Financial Officer
(403) 231-3156
1-855-880-7404
e-mail: investor-relations@pembina.com
www.pembina.com

(PPL. PPL.DB.C. PBA)

Source: Pembina Pipeline Corporation

Related stocks: NYSE:PBA Toronto:PPL

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Written by asiafreshnews

March 2, 2015 at 5:49 pm

Posted in Uncategorized

ASIAN PAPER JAKARTA 2015 — Voith Paper Technological Innovation and Commitment to the Paper Industries in SEA

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SINGAPORE /PRNewswire/ — With Indonesia as the largest paper making market in South East Asia, Voith Paper is pleased to be participating in ASIAN PAPER JAKARTA, to be held from 28th – 30th April 2015 at the Jakarta International Expo, Indonesia. With the growth of paper, board, tissue, and pulp production inIndonesia, Voith Paper is going to further invest in servicing industrial growth of the paper industry.

By tripling its manpower, building up its after-market products and services business including stock preparation and paper machine rebuilds, and providing local resources with increased international capabilities, Voith Karawang will integrate as a full scale project execution location into the global network of the application, design, and engineering competence centres within Voith Paper worldwide.

Voith Paper Asia currently employs around 2,200 people and has established a total of 14 locations across theAsia Pacific region. Design, engineering, technical sales, order execution, supervision & erection, as well as a maintenance service team will enable Voith Paper to offer fast, flexible and reliable services to help customers in maintaining a high availability of their paper production lines.

For Voith Paper Rolls Indonesia, the roll service centre is an integral part of Voith Karawang, which will expand and invest as the demand for all types of roll covers and mechanical roll service is constantly increasing. For many years, the roll service center has secured major commitments in corporate contracts from customers throughout the Asia Pacific region and with the anticipated growth, will soon reach its capacity limits.

Driven by space requirements of the mechanical roll service, the service centre in Karawang will double its overall output capacity in addition to installing a high-end, state-of-the-art manufacturing line for composite calendar covers, providing the fastest processing and turnaround time along with the added security of reduced transportation costs and risks for producers within this market segment.

In response to this steady and growing market demand, Voith Paper will be able to serve the South East Asian Paper industry well into the next decade with this major step in ramping up capacities in Indonesia. With the strong international and experienced optimization team of Voith Paper Fabrics & Rolls Systems and the after-market Products & Services business line, Voith Paper will continue to lead in standards of excellence in both customer support and solutions throughout the industry.

Voith Paper is a corporate division of Voith and is one of the leading partners and pioneers in the paper industry. Through constant innovations, Voith Paper is optimizing the paper manufacturing process, focusing on developing resource-conserving products to reduce the use of energy, water and fibres. Furthermore, Voith Paper offers a broad service portfolio for all sections of the paper manufacturing process.

For media information, please contact:

Joelle Quah
Senior Marketing Executive
UBM Media (Singapore) Pte Ltd
Tel: +65-6592-0888 ext 897
E-mail: joelle.quah@ubm.com
Website: http://www.ubmasia.com.sg 

About UBM Media (Singapore) Pte Ltd. (www.ubmasia.com.sg)

A member of the UBM Asia Group of Companies, we organise events and conferences in a variety of industries, including aquatic and pet, cruise tourism, information technology, jewellery, paper and nonwovens, etc. The company stages leading events in its targeted industries across the world, attracting quality exhibitors, trade visitors, conference attendees and speakers from all over the world. These events are important business platforms where our customers can meet and network with their new and existing business partners face-to-face.

About UBM Asia (www.ubmasia.com)

Owned by UBM plc listed on the London Stock Exchange, UBM Asia is Asia’s leading exhibition organiser and the biggest commercial organiser in mainland China, India and Malaysia. Established with its headquarters inHong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 30 offices and 1,300 staff in 24 major cities. We operate in 20 market sectors with 230 exhibitions and conferences, 23 trade publications, 20 online products for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world.

About UBM plc (www.ubm.com)

UBM plc is a leading global company. We inform markets and bring the world’s buyers and sellers together at events, online and in print, and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewellery traders, and from farmers to pharmacists around the world. Our 6,600 staff members in 31 countries are organized into specialist teams that serve these communities, helping them to do business and to work effectively and efficiently in their respective markets.

Logo – http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg

Source: Asian Paper Jakarta 2015

Written by asiafreshnews

March 2, 2015 at 5:43 pm

Posted in Uncategorized

Why Social Media Marketing is a Must for Small Businesses

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NEW YORK /PRNewswire/ — With 46% of consumers turning to social media when making an online purchase1, it is becoming increasingly clear that employing these channels is practically mandatory for growing your business. But maintaining a social media presence requires sufficient time and resources, which is why many are quick to gloss over this solution.

Logo – http://photos.prnewswire.com/prnh/20110831/NY59180LOGO
Logo – http://photos.prnewswire.com/prnh/20130117/NY44355LOGO-a

Peter LaMotte, SVP at LEVICK, understands this dilemma faced by small businesses and he believes that lack of participation may cause more harm than good. In his latest article posted to PR Newswire’s Small Business PR Toolkit, LaMotte provides ways that not having a social media marketing presence can hurt your bottom line.

  1. Lack of influence. Social media provides an opportunity for you to promote your customer testimonials and also for your customer’s to share their own buying experiences. How else will the public know how great your business is if your online presence is lacking?
  2. Lack of reputation management. Whether you are online or not, your customers are and chances are, they are posting reviews online. It’s difficult to demonstrate a policy of responsiveness with no social media marketing strategy.
  3. Lack of engagement. Social media is interactive and encourages engagement. Lacking an online presence requires much harder work for business owners to engage its customer base.

For further discussion on how not implementing social media strategy into your overall marketing plan, read LaMotte’s article, “How Not Using Social Media Can Hurt Small Businesses” here: http://bit.ly/1Abv7Xz

PR Newswire’s Small Business PR Toolkit is a comprehensive resource that provides small businesses and entrepreneurs the tools to develop an affordable public relations and marketing plan that helps generate interest from potential customers, engage with key audiences and grow their businesses. The toolkit features relevant content such as informative white papers, interactive webinars and how-to articles and premium access to educational resources, as well as the opportunity to take advantage of special offers designed specifically for small businesses. To request information on how PR Newswire can help your small business, click here. You can receive updates on new Small Business PR Toolkit content by following @prnsmallbiz on Twitter.

1 Source: Marketing TechBlog Infographic “Businesses on Social Media – Statistics and Trends”

About PR Newswire                        

PR Newswire (www.prnewswire.com) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world’s largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world’s enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

Media Contact:

Amanda Eldridge
Director, Strategic Channels
+1 201-360-6906
amanda.eldridge@prnewswire.com

Source: PR Newswire Association LLC

Related stocks: LSE:UBM OTC-PINK:UBMPY

Written by asiafreshnews

March 2, 2015 at 5:38 pm

Posted in Uncategorized

Embrace the Future of Medical Technologies with Frost & Sullivan

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— Medical Technologies 2015: A Frost & Sullivan Executive MindXchange will help you navigate the new healthcare landscape

MOUNTAIN VIEW, Calif. /PRNewswire/ — The healthcare landscape is rapidly and radically changing. To help you navigate this ever-changing arena, Frost & Sullivan will host its 20th Anniversary Medical Technologies 2015: A Frost & Sullivan Executive MindXchange, March 8 to 10, at the Hilton San Diego Resort and Spa in San Diego, Calif.

Frost & Sullivan. (PRNewsFoto/Frost & Sullivan)
Frost & Sullivan. (PRNewsFoto/Frost & Sullivan)

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This event is a platform for global medical devices, diagnostics, life sciences and connected healthcare leaders to discuss industry disruptions and how to succeed in an uncertain future.

Participants will uncover technologies that will impact the future of healthcare at the TechVision session. This executive bulletin will share how market participants can reinvent their business models to get ahead of industry threats, as well as insights into multi-billion dollar opportunities from tech convergence.

“With so many transformations impacting healthcare at the same time, there are many new opportunities and challenges. These shifts include new competitors, new business models, new reimbursement and policy directions, consolidation in customers and new direct to consumer engagement strategies,” said Healthcare & Life Sciences Senior Vice President Greg Caressi. “Our goal in this session will be to cut through the ‘trend talk’ to identify opportunities and risks that we can address to move our companies towards the future of healthcare.”

Interactive ThinkTank sessions and panel discussions will provide attendees with fresh perspectives and thought leadership on emerging trends.

Sessions include information on new innovations, industry convergence, growth opportunities, and much more. The event will also honor leadership in healthcare and life sciences at the 2015 Excellence in Best Practices Awards Gala.

For more information or to register, contact Matthew McSweegan at +1-516-255-3812 orMatthew.McSweegan@frost.com.

Partnerships with Today’s Medical Developments, Medical Product Outsourcing, Healthcare Global, Imaging Technology News, and Diagnostic and Interventional Cardiology are part of Frost & Sullivan’s Growth Partnership Service program.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Contact:

Mireya Espinoza
Corporate Communications – North America
P: +1-210-247-3870
F: +1-210-348-1003
E: mireya.espinoza@frost.com

http://www.frost.com

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Source: Frost & Sullivan
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Written by asiafreshnews

March 2, 2015 at 5:35 pm

Posted in Uncategorized

RAD and HP to Conduct Joint vCPE Demo at Mobile World Congress

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— Will Showcase Two vCPE Implementation Alternatives with VNF Service Chaining

BARCELONA, Spain /PRNewswire/ — RAD, the industry pioneer of Distributed NFV (D-NFV) and a member of the HP OpenNFV Partner Program, will join HP for a live demonstration of vCPE implementation for business services at Mobile World Congress 2015 in Barcelona.

Combining RAD’s award winning, D-NFV-enabled CPEs with HP’s virtual services router (VSR) and standalone server, the demo will show two vCPE implementation alternatives with service chaining of multiple virtualized network functions (VNFs). The first implementation option features RAD’s powerful ETX-2 demarcation device, which combines the advanced Layer 2/Layer 3 demarcation functionality of a state-of-the-art network termination unit (NTU) with a powerful x86 server that acts as a built-in virtualization platform. The second option features an HP server combined with network termination using RAD’s unique finger-sized MiNID miniature network interface device (NID). The ETX-2 and MiNID are part of RAD’s Service Assured Access (SAA) solutions.

The demo presents a vCPE case with connectivity and service demarcation using L2 Ethernet OAM. The HP VSR, managed by the HP VSR Manager (part of the HP NFV Director orchestration solution), will be used to control traffic between simulated customer sites. Moreover, a virtualized Traffic Analyzer function, controlled by the Traffic Analyzer Manager, will enable remote monitoring of connectivity performance using IP TWAMP.

“For service providers, the driver for vCPEs is increased flexibility and fast service rollouts while reducing cost,” explains Ulik Broida, Vice President of Marketing and Business Development at RAD. “By combining forces with HP, RAD will be demonstrating that its Service Assured Access solution will accomplish that objective by supporting any vCPE implementation scenario to fit diverse performance, cost and security needs.”

“Communications service providers are turning to virtualization of core networks and network functions to accelerate innovation and launch new services faster and with less expense,” said Werner Schaefer, Vice President, Network Functions Virtualization, HP. “Our work with RAD on virtualized network functions service chaining shows how providers can benefit from a smooth, secure and cost-effective transition to NFV.”

The demo will take place at HP’s Application Partner Pavilion in Hall 2, Stand 2D50. RAD simultaneously will be demonstrating its new D-NFV Orchestrator at the IMA Pavilion in Hall 2, Space D50.

About RAD
RAD is a global Telecom Access solutions and products vendor. Our Service Assured Access solutions for mobile, business and wholesale service providers are designed to improve the way they compete: service agility to minimize time to revenue, complete visibility of network performance for greater operational efficiency and better QoE to reduce churn. We are at the forefront of pioneering technologies, such as: Distributed NFV, MEF Carrier Ethernet 2.0, Layer 2 and Layer 3 performance monitoring, hardware miniaturization, and timing synchronization over packets. Founded in 1981, RAD has an installed base of more than 13 million units, and works closely with Tier 1 operators and service providers around the globe.

RAD is a member of the $1.2 billion RAD Group of companies, a world leader in communications solutions.

www.rad.com
Twitter
LinkedIn

Press Contact
Bob Eliaz, Media Relations Manager, RAD
Tel: +972-3-6458134
E-mail: bob@rad.com

Source: RAD Data Communications
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Written by asiafreshnews

March 2, 2015 at 5:21 pm

Posted in Uncategorized

Successful Accreditation by the Institute of Banking and Finance Singapore (IBF) for Omega Performance’s Commercial Loans to Business Course

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SINGAPORE  /PRNewswire/ — Omega Performance, a leader in credit and sales training for financial institutions is proud to announce that its flagship credit skills course “Commercial Loans to Business (CLB)” is now accredited by the Institute of Banking and Finance Singapore (IBF) under Level 2 of the IBF Standards. The IBF Standards is a set of internationally benchmarked competency standards which provide a practice-oriented approach to talent development. Banking professionals that successfully complete the “Commercial Loans to Business (IBF Level 2)” course would be equipped with skills that are aligned to the revised IBF Standards for Corporate Banking. The Omega Performance Commercial Loans to Business course is the industry standard for building commercial credit risk analysis and decision-making skills.

“Omega Performance looks forward to supporting the IBF Standards and we are honored to offer this course to our clients,” said John Opiola, Curriculum Director of Omega Performance. “Our Commercial Loans to Business course is a time-tested product that increases lending efficiency and enables organizations to compete in the commercial business market. The IBF accreditation validates that the Omega Performance CLB course meets the criteria for accreditation under the revised IBF Standards for Corporate Banking.”

IBF Standards Training Scheme (IBF-STS)

This course has been accredited under the IBF Standards, and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met. Candidates are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles.

IBF-STS provides 70% funding for direct training costs subject to a cap of S$7,000 per candidate per programme subject to all eligibility criteria being met.

For more information on funding, IBF Certification and Continuing Professional Development (CPD) requirements, please visit www.ibf.org.sg

About Omega Performance

Founded in 1976, Omega Performance is the industry leader in credit training, offering high-impact training solutions to banks, credit unions, wealth management firms and non-bank financial institutions worldwide. Using proven and time-tested strategies, Omega Performance helps lending institutions of all sizes develop and sustain a strong credit culture, make savvy credit and risk management decisions, create profitable loan portfolios, and enhance their value proposition in a fiercely-competitive marketplace. To learn more about Omega Performance and our proven training solutions, visit www.omega-performance.com

Media Contact: Radhika Rao
pr@omega-performance.com
+1 703-558-4440

Source: Omega Performance

Written by asiafreshnews

March 2, 2015 at 5:15 pm

Posted in Uncategorized

ASEAN-OECD Meetings and Conference to be Held in March, Focusing on Good Regulatory Practices among ASEAN Countries

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KUALA LUMPUR, Malaysia /PRNewswire/ — The ASEAN-OECD Meetings and Conference to be held here from March 9 to 12 will focus on Implementation of Good Regulatory Practices (GRP) among the ASEAN countries.

In conjunction with the Government of Malaysia as the 2015 Chair of the ASEAN, the conference will support regional and international economic integration and better governance through GRP in order to remove at-the-border and behind-the-border barriers to investment and trade. The conference will bring together The Heads of Public Administrations, Prime Minister’s Officers, Cabinet Secretaries, and Secretaries General of the Government from across ASEAN and OECD Countries, representatives from business, academia, regional and international organisations.

The Malaysian Government has made GRP a key priority to reflect the importance of having regional regulatory convergence that is essential for ASEAN Economic Community (AEC) to be realised to its fullest potential.

Malaysia focuses on key priority areas that have major impact on businesses. This means investing more resources to build capacity to implement GRP in policy areas that impact on public service delivery. Decision-makers now require adherence to GRP with a focus on evidence-based decision-making, regulatory impact analysis and public consultation when assessing and development of regulatory proposals.

At the regional level, ASEAN in the year 2015 will witness the process of economic integration. The best way to strengthen regulatory coherence is that the entire ASEAN region progressively implements GRP so that its regulatory frameworks, laws and regulations go through similar processes for better results. GRP is a means towards greater connectivity, better public service delivery inclusiveness and sustainable growth.

The ultimate beneficiaries of this GRP will be the ASEAN business community and the greater ASEAN economic integration. GRP will contribute significantly towards enhancing regional economic integration, competitiveness and public sector governance.

The Malaysia Productivity Corporation (MPC), a statutory body under the Ministry of International Trade and Industry (MITI), has been mandated to spearhead a comprehensive review of business regulations and improve processes and procedures to increase productivity and competitiveness of major economic sectors.

About the Malaysia Productivity Corporation (MPC)

Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality and competitiveness to the industries and organisations in Malaysia. MPC’s vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation.

MALAYSIA PRODUCTIVITY CORPORATION
Peti Surat 64, Jalan Sultan, 46904 Petaling Jaya Selangor, Malaysia
Tel: +60-3-7955-7266, 7955-7050, 7955-7085
Fax: +60-3-7954-0795
Lorong Produktiviti Off Jalan Sultan, 46200 Petaling Jaya, Selangor, Malaysia.
http://www.mpc.gov.my

Media enquiries:
Pn. Vimala
Tel: +60-12-2435-208
e-mail: vimala@mpc.gov.my

Ms. Huda Atiqah Samsir
Tel: +60-11-17621950
e-mail: atiqah@mpc.gov.my

Source: Malaysia Productivity Corporation (MPC)
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Written by asiafreshnews

March 2, 2015 at 3:44 pm

Posted in Uncategorized