PRs are one of the most cost effective marketing tools online! Signup Today!

Posts made in May, 2015

Pacific Health Care Organization, Inc., Issues Correction to Previously Issued …

By on May 31, 2015 in Press Release | 0 comments

NEWPORT BEACH, California, May 29, 2015 (GLOBE NEWSWIRE) — Pacific Health Care Organization, Inc., (the “Company”) (OTCQB: PFHO), a specialty workers’ compensation managed care company providing a range of services primarily to California employers and claims administrators would like to make a correction to the press release previously issued by the Company on May 29, 2015.  The previously issued press release incorrectly reported that pursuant to its existing share repurchase program the Company had repurchased approximately 6 percent of the outstanding common stock of the Company.  The correct percentage is 0.6 percent.  This update does not change any of the other information contained in the press release.  When originally making the calculation, the Company inadvertently misplaced the decimal point. About Pacific Health Care Organization, Inc. The Company is a specialty workers’ compensation managed care company providing a range of services primarily to California employers and claims administrators.  Workers’ compensation costs continue to increase due to rising medical costs, inflation, fraud and other factors.  Medical and indemnity costs associated with workers’ compensation in the state of California are billions of dollars annually.  The Company’s focus goes beyond the medical cost of the claim, with the goal of reducing the entire cost of the claim, including medical, legal and administrative costs.  Through its wholly-owned subsidiaries, the Company provides a range of effective workers’ compensation cost containment services, including but not limited to , Health Care Organizations, Medical Provider Networks, HCO + MPN, Workers’ Compensation Carve-Outs, Utilization Review,  Medical Bill Review, Nurse Case Management and Lien Representation. Pacific Health Care Organization, Inc. 1201 Dove Street, Suite 300 Newport Beach, California 92660 (949) 721-8272 Website:  http://www.pacifichealthcareorganization.com/ Contact:   Fred Odaka – CFO Email: fodaka@medexhco.com Source: Pacific Health Care Organization,...

Read More

Press Release: Tax Freedom Day falls on 31st May in 2015

By on May 31, 2015 in Press Release | 0 comments

For further comments or to arrange an interview, contact Head of Communications Kate Andrews: kate@adamsmith.org | 07476 915072 Tax Freedom day falls one day later than it did in 2014; a reminder that the Government needs to make tax cuts a priority in this Parliament. Brits work 150 days of the year solely to pay taxes; every day from 1st January to 30th May. Cost of Government Day is 29th June, three days earlier than in 2014; the government is cutting total spending slowly, but the national debt—and future taxes needed to pay it off—are still ballooning. This year’s Tax Freedom Day, the day when Britons stop working to pay their taxes and start earning for themselves, falls on 31st May, according to Adam Smith Institute calculations. The Adam Smith Institute estimates that Britons will work 150 days this year solely to pay their taxes. This is one day later than 2014′s Tax Freedom Day, which is not statistically significant. However, the UK’s Tax Freedom Day falls more than a month later than it does in the United States, where citizens started earning for themselves on 24th April. Tax Freedom Day is designed to reveal to the public how much they really pay out in taxes, which Britain’s lengthy tax code can often obscure. The Institute’s calculations include all taxes raised by HM Revenue and Customs: direct taxes like income tax, national insurance and corporation tax, and indirect taxes like VAT and excise duties. Cost of Government Day, which represents Total Managed Expenditure as a day of the year, falls on 29th June, three days earlier than it fell in 2014. While this suggests a slight improvement over last year, the money borrowed to cover the month-long gap between Tax Freedom Day must eventually be paid off with future taxes. This means without tax cuts or major growth Tax Freedom Day would eventually have to drift even later. Director of the Adam Smith Institute, Dr Eamonn Butler, said: The Treasury hates Tax Freedom Day, because they don’t want us to know how much tax we really pay. They prefer to conceal the tax burden through stealth taxes and indirect taxes that we don’t even realise we’re paying. Most people...

Read More

Despite Optimistic Press Release, Xerox Prospects Look Gloomy

By on May 30, 2015 in Press Release | 0 comments

If investors want to read a really upbeat self-promotional press release meant to encourage troubled shareholders, Xerox Corp. (NYSE: XRX) put out a great one last week. Solid financial position, a diverse portfolio, the achievement of many performance targets, and comments about its impressive size — billions in revenue? Despite the company’s comments, the fact remains that Xerox has not grown since 2011. For four of the five years that current chief executive, Ursula Burns, has been at the helm of the company, earnings have shrunk year after year. 2011 saw earnings of $1.33 billion, which have fallen all the way down to $992 million. That is a 25% drop in four years. Considering these facts, it is a wonder the stock is up 24% over the past five years. By comparison though, the broader SP is up 94%. How is Xerox up at all, if earnings keep shrinking? Well, manufacturing capital gains in an ultra-loose monetary policy environment is not exactly rocket science. Stock buybacks are rampant these days, and no less so with Xerox. ALSO READ: 10 Stocks to Own for the Next Decade While there is nothing wrong with an occasional buyback program to benefit shareholders, in Xerox’s case it seems to be the only thing driving the stock higher over the past five years. In that sense, it is akin to equity cannibalism. Consider that in its cheery press release, Xerox announced an agreement: … to sell its Information Technology Outsourcing (ITO) business to Atos for just over $1.0 billion prior to closing adjustments, enabling the company to use the funds toward its 2015 capital allocation strategy, which includes approximately $1 billion for repurchasing shares. So Xerox sold off its ITO business and decided to use the entirety of the proceeds to support its stock price. One would think that investing in the growth of the company may be more important in the face of collapsing earnings. Buybacks do have another smoke-and-mirrors advantage besides artificially supporting stock prices. They allow a company to claim higher earnings per share (EPS), even while core earnings continue to fall. Xerox’s adjusted EPS did rise 3% in 2014 after all, but with fewer shares, it tips the scales. To their credit though, Xerox’s management was a...

Read More

Bob Ley Rips Up A FIFA Press Release Live On ESPN

By on May 30, 2015 in Press Release | 0 comments

Bob Ley has had it with all this FIFA nonsense. During a heated discussion with ESPN reporter Jeremy Schaap about Friday’s FIFA presidential election, Ley ripped up a press release from FIFA to voice his frustration with the organization. There will never be another piece of paper ripped so studiously. (Source: The Big Lead) The broadcaster, who is not known for theatrics, said he shredded the paper to make a point. “For those that say it is base canard and unfair that FIFA makes it up as they go along, they are making it up [rip] as they go along right in front of our face,” he said. Notice the quick glance at his producers after doing the deed. Not that he cares though: He’s Bob Ley, and Bob Ley is a boss who doesn’t stand for FIFA’s smoke and mirrors. Even on live...

Read More

Bulls boot Tom Thibodeau with harsh press release

By on May 29, 2015 in Press Release | 0 comments

CHICAGO — The Chicago Bulls fired Tom Thibodeau on Thursday, saying a change was needed from the strong-willed coach who took his team to the playoffs in each of his five seasons. Thibodeau went 255-139 with the Bulls, good for a .647 winning percentage that ranks seventh in NBA history among coaches with at least 200 games. He led the Bulls to the top seed in the playoffs his first two seasons and was the NBA’s Coach of the Year in 2011 — the same year Derrick Rose became the league’s youngest MVP. Chicago advanced to the Eastern Conference finals that season, but it’s the only time the Bulls have made it past the second round under Thibodeau, whose relationship with the front office was under constant scrutiny. “When Tom was hired in 2010, he was right for our team and system at that time, and over the last five years we have had some success with Tom as our head coach,” general manager Gar Forman said. “But as we looked ahead and evaluated how we as a team and an organization could continue to grow and improve, we believed a change in approach was needed.” Bulls Chairman Jerry Reinsdorf was blunt: “Teams that consistently perform at the highest levels are able to come together and be unified across the organization — staff, players, coaches, management and ownership,” he said. “When everyone is on the same page, trust develops and teams can grow and succeed together. Unfortunately, there has been a departure from this culture.” The coach chafed at minutes restrictions placed by management on Rose and Joakim Noah, who was coming off knee surgery, along with veteran Kirk Hinrich. The idea was that the Bulls would be in better shape for the playoffs and not run out of steam the way they seemed to the previous two years. But it also went against Thibodeau’s belief that good habits are developed through repetition. Adding to the tension, ESPN analyst Jeff Van Gundy accused the Bulls of undermining their coach during a game at Dallas in January. It wasn’t the first time he had criticized the organization. But to many, whether it was true or not, it seemed he was serving...

Read More