Framework for Interfacing Debt Management Systems with Financial Management Information System (FMIS) concentration of Commonwealth Secretariat seminar in London, UK

Ottawa, Canada (PRWEB) October 26, 2011

During the workshop, Doug Hadden, Vice-President Products at FreeBalance will be participating in the “FMIS Implementation: Experiences and Best Practices for Interface with Debt Management” event on Thursday, 27 October 2011 from 11.30-13.00. Mr. Hadden will be assimilated on a row with member from Thailand, Chile, and Brazil. Other seminar sessions include: Framework for Public Financial Management – Sound Practices; Framework for Government Cash and Debt Management; and, Transparency, Performance Assessment and Accountability in PFM and Debt Management.

“FreeBalance looks deliver to pity great practices in FMIS implementations and debt management formation with attendees,” mentioned Manuel Pietra, FreeBalance President CEO. “Integration has poignant benefits. Tight formation with undertaking accounting systems enables improved cash, debt, investment and liquidity management. Integration may be skilled with assist management, bill credentials and bill carrying out systems. Government Resource Planning systems can seamlessly be integrated and encouragement the International Aid Transparency Initiative standards .”

The FreeBalance Accountability Suite is a Government Resource Planning (GRP) answer that supports clarity and accountability. FreeBalance solutions for governments and outmost assist projects and supports facilitate administration department and lower contract expenses for supervision or in isolation organizations handling assist projects. The FreeBalance Accountability Suite automates stating to donors, plan financial management, and plan opening management. The FreeBalance answer operates in building nations around the world, inclusive low-capacity countries, and providing efficient donor stating that meets general standards.

FreeBalance not long ago published an Aid Transparency Integration white paper that describes how formation between donor and supervision financials systems reduces contract expenses and crime by automation. This improves effectiveness and effectiveness by information harmonization. The white paper sum how handbook methods of formation compromises information high quality and timeliness consequent in reduction coordination and reduction efficient aid. And, the white paper advocates the use of module budgeting by all assist stakeholders for timely stating and ease of formation with plan documents.

FreeBalance is active in 19 countries, inclusive Antigua Barbuda, Afghanistan, Canada, Iraq, Kosovo, Kyrgyz Republic, Liberia, Mongolia, Namibia, Pakistan, Sierra Leone, Southern Sudan, Timor-Leste, and Uganda amid others. FreeBalance software manages more than a entertain trillion ($US) annual budgets worldwide.

About FreeBalance

FreeBalance helps governments around the world precedence strong Government Resource Planning (GRP) technology to hasten nation growth. FreeBalance software solutions for open financial and human resource management encouragement remodel and modernization to upgrade governance, clarity and accountability. Good governance is compulsory to upgrade growth results. For more information, revisit .

James Elrick
FreeBalance
613 218 4938
Email Information

.

.

.

.

Generates Record Full Year Fiscal 2011 Operating Income of $3.7 Million

Company Strengthens Balance Sheet and Ends Fiscal 2011 with No Convertible Debt

Company Expects Fiscal Year 2012 Revenue and Operating Income to Increase Over 100%

SALT LAKE CITY , Sept. 28, 2011 /PRNewswire/ — LifeVantage Corporation (OTCBB: LFVN), makers of Protandim, the Nrf2 Synergizer™ law dietary supplement, currently reported financial results is to fourth entertain and full mercantile year finished June 30, 2011 and released mercantile year 2012 income and working income guidance.

(Logo: )

Fiscal 2011 Fourth Quarter Results

For the fourth mercantile entertain finished June 30, 2011 , the Company reported record net income of $15.0 million compared to $4.4 million is to same time in mercantile 2010, an enlarge of 241% from the previous year period. On a consecutive basis, net income increased 50% from the $10.0 million reported is to third mercantile entertain finished Mar 31, 2011 .

Gross distinction is to fourth entertain of mercantile 2011 increased to $12.9 million compared to $3.7 million is to same time final year, delivering an softened sum border of roughly 86%, compared to 83% is to same time final year.

Operating costs is to fourth mercantile entertain of 2011 were $11.0 million compared to $4.0 million is to same time final year, and on a consecutive basement increased 45% from $7.6 million in the third mercantile entertain of 2011. The enlarge on a consecutive basement is due essentially to increased sales commissions that are a send outcome of the Company’s increased revenue. The enlarge moreover reflects larger investment in crew and infrastructure to location the Company for future growth.

Operating income softened to $2.0 million is to fourth mercantile entertain of 2011 compared to a loss of $290 thousand in the same time final year. The fourth entertain of mercantile 2011 is the Company’s fourth consecutive entertain of achieving working income. Operating income border softened to 13% in the fourth entertain compared to a disastrous border in the same time final year.

Douglas C. Robinson , Chief Executive Officer of LifeVantage, stated, “We are exceedingly gratified to inform a record year for LifeVantage, as our burly financial opening underscores the expanding recognition of Protandim and the successful carrying out of our business model. On an annual basis, our income more than tripled compared to final year, and you increased our working income in any entertain of mercantile 2011. We moreover done poignant improvements to our change piece and finished the year in a really healthy financial position, that provides us the financial adaptableness to make the apt vital investments in mercantile 2012 to encouragement our long-term expansion opportunities.”

Mr. Robinson continued, “As the systematic encouragement of Protandim grows and more people look for our products to upgrade their on the whole illness and wellness, it is critical for us to have the apt infrastructure to encouragement the one after another expansion that you think our business is able of delivering. Looking toward mercantile 2012, you expect that our complete net income will more than twice compared to mercantile 2011 and our working income will moreover enlarge by over 100%. To make sure that you are positioned to maintain hurried expansion for years to come, you are committed to creation the apt investments in our sales and selling departments, investigate and development efforts, and inside of our corporate infrastructure. We are really focused on enhancing the effectiveness of our group and stability to enlarge our working income whilst you make these investments.”

Fiscal 2011 Results

For the full year finished June 30, 2011 , net income increased 238% to $38.9 million from $11.5 million in mercantile 2010. Gross distinction softened to $33.0 million in mercantile 2011 compared to $9.6 million in mercantile 2010. Operating income increased to $3.7 million in mercantile 2011, compared to an working loss of $7.3 million in mercantile 2010. Operating income border softened to 9.5% is to year compared to a loss is to previous mercantile year.

Balance Sheet Liquidity

The Company finished mercantile 2011 with a sufficient stronger change piece than when the year began. Its money change softened to $6.4 million due to burly income expansion and working profits generated by the business. The Company generated $4.7 million of money upsurge from operations is to full year mercantile 2011 compared to a money use from operations of $4.5 million in mercantile 2010. During mercantile 2011, an aggregate face worth of $5.6 million in debt was converted in to shares of the Company’s familiar stock, removing all automobile debt.

Due to the improvements done to its change piece in mercantile 2011 together with the Company’s standpoint for burly working money upsurge in mercantile 2012, the Company not long ago voiced a share repurchase module that authorizes it to implement up to $5 million to buy familiar batch over the march of the twelve months commencement October 1, 2011 . Any such repurchases will be done usually out of giveaway money upsurge from stability operations and, on a quarterly basis, will not surpass 50% of giveaway money upsurge for such quarter.

Carrie McQueen , Chief Financial Officer commented, “We are really gratified with the improvements you done to our change piece in mercantile 2011, as you completed our objective of removing all automobile debt by year finish and office building our money balances. As you come in mercantile 2012, you expect to accomplish burly tip line growth, doubled working income and softened working margins, even as you deposit in our company for postulated long-term expansion .”

Guidance

The Company anticipates burly expansion in mercantile 2012. For the full mercantile year finale June 30, 2012 , the Company expects to accomplish income in a operation of $80 million to $90 million , working income in a operation of $8.0 million to $9.5 million , and working border in the operation of 10.0% to 10.5%.

Conference Call Information

The Company will grip an financier discussion call currently at 2:30 p.m. Mountain time ( 4:30 p.m. Eastern time ). Investors meddlesome in participating in the live call can dial (888) 395-3241 from the U.S. International callers can dial (719) 325-2405. A write replay will be existing roughly two hours after the call concludes and will be existing by Friday, September 30, 2011 , by dialing (877) 870-5176 from the U.S., or (858) 384-5517 from general locations, and entering declaration ethics 1144258.

There moreover will be a simultaneous, live webcast existing on the Investor Relations division of the Company’s web site at . The webcast will be archived for 30 days.

About LifeVantage Corporation

LifeVantage, (OTCBB: LFVN), makers of Protandim, the Nrf2 Synergizer™ law dietary supplement, is a scholarship formed nutraceutical company. Life Vantage is dedicated to idealist scholarship that promises to renovate wellness and anti-aging internally and outwardly with supplements that dramatically lower oxidative highlight at the mobile level. The Company was founded in 2003 and currently has operations in both Salt Lake City, Utah and San Diego, CA. For more information, revisit www.LifeVantage.com .

Forward Looking Statements

This document contains forward-looking statements done pursuant to the protected port supplies of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting optimism, compensation or dissatisfaction with stream prospects, together with difference such as “believe,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates” and variations thereof, pick out forward-looking statements, but their AWOL does not meant that a matter is not forward-looking. Examples of forward-looking statements include, but are not paltry to, statements you make concerning our expected revenue, working profitability, money upsurge from operations, future investment and expansion and our expectancy that you will repurchase shares. Such forward-looking statements are not guarantees of opening and the Company’s real results could deviate materially from those contained in such statements. These forward-looking statements are formed on the Company’s stream expectations and doctrine concerning future events inspiring the Company and engage well known and different risks and uncertainties that might result in the Company’s real results or outcomes to be materially different from those expected and discussed herein. These risks and uncertainties include, amid others, the promising disaster or unintended disastrous consequences of the doing of the Company’s network selling sales channel; the Company’s capability to keep eccentric distributors or to capture new eccentric distributors on an ongoing basis; the promising for third celebration and bureaucratic activities involving the Company’s network selling sales channel; the promising for product guilt claims against the Company; the chance that supervision regulators and regulations could adversely start the Company’s business; future laws or regulations might inhibit or prohibit the prolongation or sale of the Company’s existing product and any future products; adverse promotion could materially harm the Company’s business; and the Company’s capability to safeguard its egghead skill rights and the worth of its product. These and other chance factors are discussed in larger item in the Company’s Annual Report on Form 10-K and its Quarterly Report on Form 10-Q beneath the heading “Risk Factors”, and in other papers filed by the Company from time to time with the Securities and Exchange Commission. The Company cautions investors not to place unjustified dependence on the forward-looking statements contained in this document. All forward-looking statements are formed on data currently existing to the Company on the date hereof, and the Company undertakes no responsibility to correct or refurbish these forward-looking statements to simulate events or environment after the date of this document, solely as compulsory by law.

Investor Relations Contact:
Cindy England (801) 432-9036
Director of Investor Relations
-or-
John Mills (310) 954-1105
Senior Managing Director, ICR, LLC

SOURCE LifeVantage Corporation

RELATED LINKS

.

PRLog (Press Release) – October 13, 2011 – Debt consolidation and debt consolidation loans go on to offer help with debt today. A credit card is something many people own, and use. However, improper use of credit cards will bring you more harm, than benefit. It is critical that you make your monthly payments to the credit card firm on time, so that your installments do not amass in to a large debt amount. The same may be mentioned about any loans you have; you have to ensure that you make your payments in time, lest your installments amass in to a large debt amount. This debt proves to be rsther than vapid to you mentally, and financially.

Get Started With Debt Consolidation:

When in debt, you will have to attend to harassments from creditors, and infrequently even threats from them. So in a pierce to step down from all this, a often opts for a few form of debt consolidation. With debt consolidation and debt consolidation loans, the debt consolidation firm that you draw close will send over a deputy to you to evaluate your financial and debt problems. Once he gets an thought of the border of debt you are in, he approaches your creditors to bargain for a descend fascination rate, and lowered change amount. In fact, the more gifted confidant is able of removing your fascination rate too.

Get Started With Debt Consolidation:

…

Once the loan amounts and fascination rates are determined, the debt consolidation services dish out you a debt consolidation loan, where you have to make monthly payments. These monthly payments are normally descend than the payments you had to make formerly to the debt consolidation loan. other gain of a debt consolidation loan is that you do not have to make multi-part payments to your assorted creditors. You only have to make a singular remuneration to the debt consolidation company, and it is the work of the debt consolidation firm to make payments to your creditors. So you are relieved of the highlight of profitable your creditors every month.

When seeking is to correct debt consolidation loan, you find that there are many debt consolidation services available. Some of them publicize them as giveaway debt consolidation services. However, these debt consolidation services are not always free, but their fees, if any, are often sufficient descend than the fees from a for-profit debt consolidation company. The debt consolidation firm that functions for a distinction often charges its customers a prosaic price every month. They moreover have competitive, extra charges over these fees. However, the giveaway and non-profit debt consolidation companies normally only assign monthly fees, if any. They take appropriation from other sources and creditors, is to functioning of the debt consolidation company. This means that you will finally take descend rates, and monthly installments from these debt consolidation services.

These giveaway debt consolidation services offer other services on top of debt consolidation loans. They moreover offer credit conversing agencies that help people obtain their credit beneath control. It is the people with a bad or bad credit that prefers the services of giveaway debt consolidation companies as they take allowance from creditors for running their service, and do not have to rely on the payments of their clients.

However, the for-profit companies pick using customers having great credit as they feel that they are more expected to take payments from these clients. Though the giveaway debt consolidation firm proves to be a improved choice, there is always the apprehension of a fraud company; this is because it is improved to do a few investigate before determining on the correct debt consolidation firm to coherent your debt with.

Debt consolidation functions swift and is proven to be effective. To pick up more and obtain started, greatfully revisit National Debt Relief Program at:

Article source:

Tags: loans

.

.