Kingsmen Creatives Ltd. Announces Update on the Dispute with Premier Exhibitions, Inc
Dec 3 14
The Board of Directors of the Kingsmen Creatives Ltd. announced that the company and Kingsmen Exhibits Pte Ltd. have reached a full and final settlement on 2 December 2014 with Premier Exhibitions Inc. to resolve all claims in connection with respect to the Titanic themed exhibition in Macau (the 'Dispute'). Notwithstanding the settlement, the company and KEPL and Premier deny any liability to each other in connection with the Dispute. Save to the extent required by law, the details and terms of the Settlement are to remain strictly confidential.
Premier Exhibitions Inc. Plans to Open a BODIES Location in New York
Oct 14 14
Premier Exhibitions Inc. announced that it looking hard at opening a BODIES location - a BODIES exhibition at the location in New York. The key for New York is the SNL will be the marquee event that will help to brand that location, so the BODIES is more of a more - or Titanic or both will mostly be an add on to try to bring in foreign and out-of-town tourists who haven't had a chance to experience those exhibitions before.
Premier Exhibitions Inc. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 31, 2014
Oct 14 14
Premier Exhibitions Inc. reported un-audited consolidated earnings results for the second quarter and six months ended August 31, 2014. For the quarter, the company’s total revenue was $8,297,000 compared to $7,819,000 a year ago. Loss from operations was $1,857,000 compared to $214,000 a year ago. Loss before income taxes was $1,858,000 compared to $159,000 a year ago. Net loss was $1,858,000 compared to $90,000 a year ago. Net loss attributable to the shareholders of the company was $1,653,000 or $0.03 diluted per share compared to $62,000 or $0.00 diluted per share a year ago. Net cash provided by operating activities was $657,000 compared to $486,000 a year ago. Purchases of property and equipment were $23,000 compared to $2,311,000 a year ago. Adjusted LBITDA was $568,000 compared to adjusted EBITDA of $1,188,000 a year ago.
For the six months, the company’s total revenue was $15,788,000 compared to $16,759,000 a year ago. Loss from operations was $3,215,000 compared to income from operations of $1,049,000 a year ago. Loss before income taxes was $3,221,000 compared to income before income taxes of $959,000 a year ago. Net loss was $3,221,000 compared to net income of $959,000 a year ago. Net loss attributable to the shareholders of the company was $2,865,000 or $0.06 diluted per share compared to net income attributable to the shareholders of the company of $909,000 or $0.02 diluted per share a year ago. Net cash provided by operating activities was $1,776,000 compared to $1,408,000 a year ago. Purchases of property and equipment were $393,000 compared to $2,612,000 a year ago. Adjusted LBITDA was $706,000 compared to adjusted EBITDA of $3,504,000 a year ago.
Premier Exhibitions Appoints Douglas Banker To The Audit Committee As Required By The Listing Standards Of The NASDAQ Stock Market LLC
Oct 14 14
On October 13, 2014, the Board of Directors of Premier Exhibitions, Inc. appointed Douglas Banker to the Audit Committee of the Board in order to have the Audit Committee composed of three independent directors, as required by the listing standards of the NASDAQ Stock Market LLC.
Premier Exhibitions Inc. Secures $8 Million Short-Term Secured Credit Facility
Oct 1 14
Premier Exhibitions Inc. announced that the company has secured an $8 million short-term secured credit facility. The loan pays interest at the rate of 12%, matures on March 31, 2015, is secured by a lien on all corporate assets and is non-dilutive to shareholders.