Press release from CNW Group
Algoma Central Corporation to Webcast, Live, at RetailInvestorConferences.com June 5th
Monday, June 02, 2014
Algoma Central Corporation to Webcast, Live, at RetailInvestorConferences.com June 5th08:10 EDT Monday, June 02, 2014
Company invites individual and institutional investors as well as advisors to attend interactive real-time virtual RetailInvestorConferences.com
NEW YORK, June 2, 2014 /CNW/ - Algoma Central Corporation (TSX:ALC), ("Algoma" – www.algonet.com) , today announced that Greg Wight, President & CEO and Peter Winkley, Vice President, Finance & CFO will present at RetailInvestorConferences.com on June 5th.
DATE: Thursday, June 5, 2014
TIME: 10:00 AM EDT
LINK: http://retailinvestorconferences.com > red "register/ watch event now" button
This will be a live, interactive online event where investors are invited to ask the company questions in real-time - both in the presentation hall as well as the association's "virtual trade booth." If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days.
It is recommended that investors pre-register and run the online system check to save time and receive event updates.
Recent Algoma Highlights
- In May, Algoma took delivery of the second of six state-of-the-art Equinox Class bulk freighters, part of the Corporation's $500 million investment in domestic fleet renewal.
- Earnings per share for fiscal 2013 were $1.08 and average adjusted return on capital employed over the past ten years was 10.7%.
- Earnings for the first quarter of 2014 improved 24% over the same prior year period.
About Algoma Central Corporation
Algoma Central Corporation owns and operates the largest Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including 18 self-unloading dry-bulk carriers, seven gearless dry bulk carriers and seven product tankers. Algoma also has interests in ocean dry-bulk and product tanker vessels operating in international markets. Algoma provides ship management services for other ship owners and owns a diversified ship repair and steel fabricating facility active in the Great Lakes and St. Lawrence regions of Canada. In addition, Algoma owns and manages commercial real estate properties in Sault Ste. Marie, St. Catharines and Waterloo, Ontario.
Since 2010, RetailInvestorConferences.com, created by BetterInvesting (NAIC) PR Newswire and MUNCmedia, has been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with retail investors using a graphically-enhanced online platform.
Designed to replicate the look and feel of location-based investor conferences, Retail Investor Conferences unites PR Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail investor audience network.
This press release may include forward-looking information within the meaning of applicable securities laws including information concerning the business and future results of Algoma. Forward-looking statements in this press release include statements about the purchase of vessels by Algoma. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this information. The statements in this press release are made as of the date of this release and are based on current expectations. Algoma undertakes no obligation to update forward-looking information, other than as required by law, or to comment on analyses, expectations, or statements made by third-parties in respect of Algoma, its financial or operating results or its securities. Algoma cautions that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future results could be affected by a number of factors, many of which are beyond Algoma's control, including economic circumstances, technological changes, weather conditions and the material risks and uncertainties identified by Algoma and discussed on pages 14 to 19 of Algoma's Annual Information Form for the year ended December 31, 2013 , which is available on SEDAR at www.sedar.com.
SOURCE Algoma Central Corporation
For further information:
Algoma Central Corporation, Greg D. Wight, FCPA, FCA, President and Chief Executive Officer, +1 905.687.7850; Peter D. Winkley, CPA, CA, Vice President, Finance and Chief Financial Officer, +1 905.687.7897; RetailInvestorConferences.com, Bradley H. Smith, Director of Marketing, IR and Compliance Services, PR Newswire, +1.201.947.7157, firstname.lastname@example.org