(Logo: http://photos.prnewswire.com/prnh/20110314/NY64482LOGO )

ECO ULTRA is a performance-driven and American Petroleum Institute (API) licensed line of motor oils and coolants that takes used oil as feedstock to produce re-refined base oil. It meets all Original Equipment Manufacturers (OEM) specifications and Society of Automotive Engineers (SAE) requirements. And now, ECO ULTRA is the motor oil of choice for Flatirons technicians. Its also the preferred product for an increasing number of Flatirons customers, too.

We perform approximately 18,000 motor oil changes in a given year between our dealerships, said Michael Boudrieau, Flatirons Managing Partner. We need to be both efficient and effective in our services to meet such demand, and entirely confident in the products we recommend to our customers. Our staff and our clients cant say enough good things about ECO ULTRA. It takes care of automotive engines as well as, or even better than, anything else on the market. We brought ECO ULTRA to a second dealership for that reason, and when customers ask for a trusted recommendation, we tell them the story of motor oils using re-refined base oil. We tell them that bottom-line, we pick ECO ULTRA for our own cars and trucks.

The US produces approximately 1.1 billion gallons of used motor oil every year, of which approximately 880 million gallons is collected for re-use. However, less than 20 percent of what is collected is re-refined. Rather, most is burned as an industrial fuel, reducing supplies of limited petroleum reserves and perpetuating the need to import foreign oil. Whats more, an estimated 220 million gallons of used motor oil is not collected, but instead, disposed of improperly, damaging the environment. Universal Lubricants is dedicated to reversing this trend with its Closed Loop Process by completely controlling every aspect of the proprietary system. The Company collects, re-refines, blends, packages and redistributes its own oil, the ECO ULTRA linewithout ever losing guardianship within the chainin an infinitely repeatable, sustainable cycle.

ECO ULTRA reduces the need to extract or import two barrels of crude oil with every four-quart motor oil change. The process of re-refining used oil requires up to 89 percent less energy and reduces the release of harmful greenhouse gases by a margin of up to 65 percent.

Flatirons receives a fair amount of attention because its one of the top ten largest auto service centers in America, said John Wesley, chief executive officer of Universal Lubricants. But lets not forget theyre also a family owned and operated business, and have been for 25 years. The secret to their success? Applying tried and true values like a commitment to quality, to putting the customers interests first, to being conscientious stewards to the auto industry. Flatirons endorsement of ECO ULTRA speaks volumes about the quality and reliability of the product line.

For more information about Universal Lubricants ECO ULTRA products, visit www.ecoultraoil.com.

About Universal Lubricants

Universal Lubricants, since its founding in 1929, has balanced tradition with innovation to emerge over the past four decades as a driving force in used oil collection, base oil refining and distribution. The Company collects, re-refines, blends and re-distributes its own motor oilnever losing guardianship within the chainto ensure that every quart, every gallon is of the highest quality for optimal performance. Universal Lubricants, with its Closed Loop Process, boasts a national presence supplying ECO ULTRA throughout the country by operating 36 facilities in 16 states. This includes one of the worlds most technologically advanced re-refineries in Wichita, Kansas. The Company employs 465 workers and is a Pegasus Capital Advisors portfolio company.

A leader in Ramp;D and in the marketplace, Universal Lubricants will continue to drive progress and drive performance in the engine oil industry. For more information visit www.universallubes.com.

SOURCE Universal Lubricants

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RELATED LINKS

http://www.universallubes.com

Grass Valley, CA (PRWEB) May 18, 2012

For the second year, Ostrofe Financial Consultants and the National Financial Educators Council (NFEC) celebrated financial literacy month by sharing personal financial literacy lessons with students at three Nevada County high schools and the local community. The events featured presentations from Vince Shorb, Chief Marketing Officer of the NFEC and Mike Fronk, an Investment Advisor Representative at Ostrofe Financial Consultants.

Allen Ostrofe, president of Grass Valley-based Ostrofe Financial Consultants, Inc. and former professor of financial planning and long-term investing stated, I am committed to helping people, both young and old, become better educated about their finances. By sharing information, we hope to empower people and provide them with the financial skills they need to improve their lives and the lives of those they love.

During the five high school financial literacy events, Shorb, who was featured as the leading youth financial literacy expert in an OC Register article, delivered a multimedia presentation that covered lessons on credit, debt, savings and personal development. Fronk shared personal stories of financial lessons he picked up through mentors, study and personal experience. He also donated the book The Richest Man in Babylon to the enthusiastic students and the school libraries.

Its an amazing feeling having students come up after the presentation that are interested in personal finance, states Fronk. I know that even just one of the lessons we shared can protect them from financial problems that many people are facing today.

The sixth event of the day was a complimentary event for the community. Shorb delivered a presentation designed to help parents and grandparents make informed decisions when formulating college, estate and legacy financial plans for their families. Fronk followed by sharing practical solutions to help those in attendance begin the college planning process.

Vince Shorb states, Its great working with an organization that is deeply invested in the local community. Ostrofe shows their commitment year-round to the financial literacy movement by supporting Bear River, Ghidotti and Nevada Union High School financial education programs.

With clients in 22 states, Ostrofe Financial Consultants, Inc., is located in Grass Valley. Securities and Advisory Services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Advisor. Ostrofe Financial Consultants, Inc. is the oldest and largest SEC. fee-based, Nevada County-based Registered Investment Advisor (by asset size, based on research 1/11 at adviserinfo.sec.gov) and serves those with investable assets of $500,000 or more. OFC and NPC are separate and unrelated companies. A proponent of long-term diversified investment strategies, the firm specializes in life and goal planning, business planning, generational planning, and estate planning, including trusts* and asset management. *Trusts are offered through an outside third party.

The National Financial Educators Council, a financial education company, has been well-recognized for its ability to educate high school-aged youth in an entertaining way to which young people can easily relate. Leveraging the support of celebrities, sports stars, and the entertainment industry helps raise interest and improve program effectiveness to reach this demographic.

For the original version on PRWeb visit: www.prweb.com/releases/prweb2012personal-financial/literacy-event/prweb9520018.htm

NEWARK, N.J., May 09, 2012 (BUSINESS WIRE) –
Prudential Financial, Inc.

/quotes/zigman/294774/quotes/nls/pru PRU
+0.13%

will hold a symposium for fixed
income analysts and investors in New York on Thursday, May 24, 2012, at
which members of the senior management team will discuss Prudential’s
businesses, strategies and financial position. The symposium will begin
at 8:30 a.m. (ET) and is expected to conclude at noon.

The general public may listen to the presentation through a live audio
webcast available on Prudential Financial’s Investor Relations website
at
www.investor.prudential.com .
Please log on at least fifteen minutes early to register and download
and install any necessary software. A replay of the audio webcast will
remain available on the Investor Relations website through June 7, 2012.

To register for this conference and obtain venue information, please
e-mail your name, company name, phone number, and e-mail address to investor.relations@prudential.com
prior to May 17, 2012.

Prudential Financial, Inc.

/quotes/zigman/294774/quotes/nls/pru PRU
+0.13%

, a financial services leader with
approximately $943 billion of assets under management as of March 31,
2012, has operations in the United States, Asia, Europe, and Latin
America. Prudential’s diverse and talented employees are committed to
helping individual and institutional customers grow and protect their
wealth through a variety of products and services, including life
insurance, annuities, retirement-related services, mutual funds and
investment management. In the U.S., Prudential’s iconic Rock symbol has
stood for strength, stability, expertise and innovation for more than a
century. For more information, please visit
http://www.news.prudential.com/ .

SOURCE: Prudential Financial, Inc.

Prudential Financial, Inc.
Lauren Day, 973-802-8026

Copyright Business Wire 2012

/quotes/zigman/294774/quotes/nls/pru

Add to portfolio

PRU

Prudential Financial Inc.

US

: U.S.: NYSE

$
46.10

+0.06
+0.13%

Volume: 6.91M
May 18, 2012 4:02p

P/E Ratio10.51
Dividend Yield3.15%

Market Cap$21.62 billion
Rev. per Employee$981,399

/quotes/zigman/294774/quotes/nls/pru

Add to portfolio

PRU

Prudential Financial Inc.

US

: U.S.: NYSE

$
46.10

+0.06
+0.13%

Volume: 6.91M
May 18, 2012 4:02p

P/E Ratio10.51
Dividend Yield3.15%

Market Cap$21.62 billion
Rev. per Employee$981,399

Financial Glossary

Words used in this article:

Thats the $104 billion question as the social-networking sites initial public offering takes off today, priced at $38 a share and potentially raising $16.4 billion the third largest in financial history. While pundits have spent the last few months poring over the most minute aspects of the Internet phenomenon including how rich its backers and founders will be after today the biggest issue is whether Facebook will have the long-term transformative and dominating impact of Google or Amazon or be more like Yahoo or eBay.

The fashion world, like almost every other industry, is still trying to figure that out. Theres talk surrounding where Facebook will focus its energies with its increased cash flow, ranging from further developments in its open-graph technology to further engagement, to mobile innovations to fuel brand partners brick-and-mortar shopping experience, to improving client account management services for companies. Observers also believe Facebook will become more aggressive in pushing its advertising model, stirring even greater competition with traditional media companies.

RELATED STORY: Fashion Brands Ramping Up Facebook Presence gt;gt;

At the moment, most brands have simply focused on the race to accumulate the most likes on their fan pages and to encourage engagement even those like Burberry and Sephora that advertise heavily on the site. How quickly Facebook can convince brands it can be more important to them than that will be key to its ongoing growth especially since its now widely accepted that early attempts to encourage e-commerce via Facebook have been a flop.

Maureen Mullen, director of research and advisory at NYU think tank Luxury Lab, or L2, said that the dirty little secret industry-wide is that companies have been spending money on advertising on the platform for a while, with Burberry leading that charge. The brand has been an aggressive advertiser on Facebook in the fashion world in the past 24 months, as have Chanel and Gucci. While this has greatly contributed to creating an aspirational aura around the value of Facebook, she thinks it is too early to know exactly how the IPO is going to play out with respect to the fashion and luxury sectors.

Facebook advertising is most effective for driving behavior within the platform, and specifically how most fashion brands use it successfully is to drive likes and to grow the communities on their pages, Mullen said. I think that will continue, but the question will be whether it can take those communities one step further and monetize them off the platform. I dont think in the short term well see massive generating of revenue directly from Facebook advertising or directly on the Facebook platform.

She doesnt foresee these brands abandoning Facebook anytime soon, but to guarantee success on the medium going forward, Mullen said its going to take the right mix of paid advertising and really strong content to increase engagement on a brands open graph.

Facebook, she contends, shouldnt be held to a school of thought that demands instant return on investment, because if one looks at where most fashion brands advertise print its not as if those ads generate immediate sales. [Print ads] generate aspirational values for the brand, awareness, editorial mentions, and for the most part, Facebook should be held to the same measurement, Mullen said.

Sucharita Mulpuru, online and multichannel retail analyst at Forrester Research, compared Facebook advertising to television in that theyre both entertainment vehicles with a huge reach but not a place where every brand finds value.

Its a place where you can discover things you might not have known about otherwise, and reinforce peoples loyalty to existing brands, and thats why some of the most famous brands in the world all have huge fan bases, Mulpuru said.

Because of the fast pace of fashion — and the even faster pace of fast fashion companies at reproducing and replicating designer runway collections — designers and brands have started making their collections available for purchase as soon as they hit the runway. Burberry has been one of the leaders of this business model. Retailers, too, have been quick to offer the same kind of service after recognizing that there are consumers who want immediate gratification. Even reality television has joined the bandwagon via the NBC show Fashion Star, which makes the collections shown on TV available at stores such as HM and Saks Fifth Avenue the very next day.

The same concept is being put on a larger scale in Singapore through Future Fashion Now (FFN), which the organizers of the Asia Fashion Exchange has dubbed the worlds first live-streaming fashion week that lets fashion aficionados shop real time. The New York designer Timo Weiland headlined the event along with Esther Perbandt of Berlin and Yeojin Bae of Melbourne.

There are three days of shows from designers all over the world and all are live-streamed on the FFN website. Viewers online can click on the clothes and make their purchases right there and then. A deposit will be required and the garment will be produced in about a months time. The collections will be available for viewing and purchase until the end of July.

This is the first time something like this is being done, said Tina Tan Leo, founder of the homegrown label and international success story Alldressedup. The brand is taking part in the Future Fashion Now initiative and the collection will be shown in Singapore on Saturday.

By making the clothes ready for purchase right after the runway show, designers get a better gauge on what pieces from their collections are commercial success. This will help a great deal in streamlining their production costs.

To see and purchase the collections of Alldressedup, Timo Weiland and the other labels featured in the festival, visit the Future Fashion Now website.

Photo above are looks from Alldressedup courtesy of Alldressedup and Audi Fashion Festival Singapore

Read more from me on Style Intel

CHICAGO, May 17, 2012 (BUSINESS WIRE) –
Fitch Ratings has affirmed the ratings of Sun Life Financial Inc. (TSE;
NYSE: SLF) including all outstanding issues, as well as the Insurer
Financial Strength (IFS) ratings of SLF’s primary Canadian insurance
subsidiaries at ‘AA-’ and its U.S. life insurance subsidiaries at ‘A-’.
The Rating Outlook is Negative. A complete list of ratings follows at
the end of this release.

The Negative Outlook reflects the risk that SLF’s earnings will remain
volatile and the company may be unable to generate run-rate operating
earnings and debt service capacity that is supportive of the current
rating level. Additionally, Fitch believes management of the closed
block of U.S. business will continue to be a challenge and there is a
risk for further charges as the book matures. As such, the discontinued
U.S. operations may continue to be a drag on overall earnings or require
further capital injections from SLF.

SLF reported operating net income of CAD727 million in the first quarter
of 2012 as the company benefitted from improvements in capital markets.
Full-year 2011 operating net income was CAD104 million and included a
number of one-time charges and the unfavorable impact from declines in
equity markets and interest rate levels. While SLF has taken a number of
steps to improve profitability including increasing its interest rate
hedging on its segregated fund and variable annuity (VA) business and
exiting certain lines of business, Fitch believes earnings remain
susceptible to capital market movements.

The affirmation of the ratings reflects SLF’s strong capitalization;
disciplined investment strategies that have resulted in strong liquidity
and solid asset quality; and the company’s leading market position in
Canada, growth prospects for emerging Asian markets and relatively
stable performance in U.S. mutual funds. Offsetting these positives are
the company’s higher levels of operating debt issued from the parent
company than many peers, low debt service capacity and sizable common
shareholder dividends.

Financial leverage was 21% at March 31, 2012. Pro forma financial
leverage following the company’s planned redemption of CAD800 million of
subordinated notes in June 2012 is 17%. Fitch views SLF’s debt service
capacity on a Canadian IFRS earnings basis, excluding the impact of
equity markets and interest rates, of approximately 8x during the first
three months of 2012 and 3x in 2011 as volatile for the rating level and
below historical levels above 9x. However, Fitch believes that under
Canadian regulations, SLF has greater flexibility to upstream dividends
from operating subsidiaries without regulatory approval than do most
U.S. peers.

Fitch believes that SLF is well-capitalized on a risk-adjusted basis,
with the minimum continuing capital and surplus requirement (MCCSR) for
Sun Life Assurance Company of Canada of 213% at March 31, 2012 and the
NAIC risk-based capital (RBC) ratio for Sun Life Assurance Company of
Canada (U.S.) of 412% at year-end 2011 after a USD300 million dividend
was upstreamed to the holding company in the fourth quarter. Positively,
the U.S. operations have not required a capital contribution since 2009.

Fitch views SLF’s U.S. life subsidiaries as having Limited Importance
from a strategic perspective following the company’s decision to exit
the U.S. VA and individual insurance markets at year-end 2011. On a
stand-alone basis, the ratings are in the ‘BBB’ category but the
companies continue to benefit from SLF’s ownership. Fitch expects SLF to
support these subsidiaries should additional capital be required.
However, Fitch believes SLF will look for ways to accelerate the release
of capital from the run-off block of business via a sale or reinsurance
transaction.

The key rating triggers that could result in a downgrade include:

–A lack of improvement in debt service capacity;

–Failure to achieve progress in meeting management’s stated target of
CAD2 billion of operating net income and 12%-13% operating return on
equity (ROE) by 2015;

–Significant charges related to the company’s run-off U.S. operations
that lead to additional capital contributions from the holding company;

–A sustained drop in the company’s risk-adjusted capital position with
no plans or ability to rectify. This would include the MCCSR ratio
falling below 200% or U.S. RBC ratio falling below 350%;

–An increase in financial leverage to over 25%;

–A large acquisition that involves execution and integration risk or
affects the company’s leverage and capitalization.

The key rating triggers that could result in a return to a Stable
Outlook include:

–An improvement in adjusted fixed-charge coverage, excluding equity
market and interest rate impacts, to over 6x;

–Successful management of the run-off U.S. operations or early release
of capital via a reinsurance transaction or sale;

–A decrease in financial leverage to below 15%.

Fitch has affirmed the following ratings with a Negative Rating Outlook:

Sun Life Financial, Inc.

–Issuer default rating at ‘A’;

–4.8% senior notes due 2035 at ‘A-’;

–4.95% senior notes due 2036 at ‘A-’;

–5.7% senior notes due 2019 at ‘A-’;

–4.57% senior notes due 2021 at ‘A-’;

–5.4% subordinated debentures due 2042 at ‘BBB+’;

–5.59% subordinated debentures due 2023 at ‘BBB+’;

–5.12% subordinated debentures due 2018 at ‘BBB+’;

–7.9% subordinated debentures due 2019 at ‘BBB+’;

–4.38% subordinated debentures due 2022 at ‘BBB+’;

–4.75% noncumulative preferred shares, series 1, at ‘BBB’;

–4.8% noncumulative preferred shares, series 2, at ‘BBB’;

–4.45% noncumulative preferred shares, series 3, at ‘BBB’;

–4.45% noncumulative preferred shares, series 4, at ‘BBB’;

–4.5% noncumulative preferred shares, series 5, at ‘BBB’;

–6% noncumulative preferred shares, series 6R, at ‘BBB;’

–4.35% noncumulative preference shares Series 8R, at ‘BBB’;

–3.9% noncumulative preference shares Series 10R, at ‘BBB’.

–4.25% noncumulative preference shares Series 12R rated ‘BBB’.

Sun Life Assurance Co. of Canada

–IFS ratings at ‘AA-’;

–IDR at ‘A+’;

–6.15% deferrable subordinated notes due 2022 at ‘A’;

–6.30% subordinated notes due 2028 at ‘A’.

Sun Life Assurance Co. of Canada (U.S.)

–IFS ratings at ‘A-’.

Sun Life Insurance & Annuity Co. of NY

–IFS ratings at ‘A-’.

Sun Life Capital Trust

–Sun Life ExchangEable Capital Securities (SLEECS), 7.093% Series B, at
‘A-’;

–Sun Life ExchangEable Capital Securities (SLEECS), 5.863% Series
2009-1, at ‘A-’.

Sun Canada Financial Company

–7.25% subordinated notes due 2015 at ‘A-’.

Additional information is available at ‘
www.fitchratings.com ‘.
The ratings above were unsolicited and have been provided by Fitch as a
service to investors. The issuer did not participate in the rating
process other than through the medium of its public disclosure.

Applicable Criteria and Related Research:

–’Insurance Rating Methodology’, Sept. 22, 2011.

Applicable Criteria and Related Research:

Insurance Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=651018

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS .
IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE
AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘
WWW.FITCHRATINGS.COM ‘.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS
SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS
OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES
AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF
THIS SITE.

SOURCE: Fitch Ratings

Fitch Ratings
Primary Analyst
Tana M. Higman, +1-312-368-3122
Director
Fitch, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Secondary Analyst
R. Andrew Davidson, CFA, +1-312-368-3144
Senior Director
or
Committee Chairperson
James B. Auden, CFA, +1-312-368-3146
Managing Director
or
Media Relations:
Brian Bertsch, +1-212-908-0549
Email: brian.bertsch@fitchratings.com

Copyright Business Wire 2012

Financial Glossary

Words used in this article:

Two Cornell fashion design students have developed fabric embedded with insecticide to protect against mosquitoes and other pesky bugs.

With summer arriving, the inevitable days of the pestering mosquitoes and bugs are upon us. Some people can handle bites despite them being annoying, but if youre anything like me, bug bites are not only itchy, they can develop into allergic reactions that form giant bumps and swells. Still, remembering to apply bug repellent each time you step outside can be a hassle and harmful to your skin. What if the technology was instead embedded into your clothes? 

Two fashion design students at Cornell University have joined hands to develop a fashion line that contains malaria-fighting protection intertwined within the fabrics. The collection named Njehringe was inspired by the ongoing outbreak of malaria in Africa, where the creators are both from. The design team said the textile contain the benefits of insecticide that is safe to wear yet three times stronger than your average bug repellent. The fabric is also durable and can last for up to six months of wear before losing effectiveness.

The scientific development of the textile was accomplished with the help of fiber scientists who treated the cotton fabrics with molecules to help the material bind to insecticides. The look of the fashion pieces were also not for fashions sake: The netted jacket draws inspiration from mosquito nets, and the prints were all hand-dyed locally in the villages of Gambia. Matilda Ceesay, one of the student designers of Njehringe, also said the silhouettes were an intersection between Africa and the western world to help develop a new, distinct look with old-world necessities. 

I began to imagine what would happen if a group of natives found a chest filled with underwear from the western world without ever having interacted with westerners. How would they recreate a chest filled with corsets, bloomers, girdles and night robes? Ceesay told Designboom.

The designers hope to adapt the fiber technology so a mass production can help incorporate malaria-fighting powers to everyday clothes, with an estimate that collection could be available for sale within the next two years. While these Njehringe fashion pieces represent a certain quirk and style, we also hope a more casual selection of bug-repelling outfits will be around for daily wear.

CHICAGO, May 09, 2012 (BUSINESS WIRE) –
Envestnet

/quotes/zigman/604937/quotes/nls/env ENV
-0.09%

, a leading provider of technology-enabled wealth
management solutions to investment advisors, today reported financial
results for its first quarter ended March 31, 2012.

Key Financial Metrics First Quarter %
Change
——
(in millions except per share data) 2012 2011
———————————— —– —– ——
Revenues from AUM/A $28.3 $23.3 21%
Total Revenues $32.6 $29.3 12%
Adjusted EBITDA(1) $5.1 $6.2 -18%
Adjusted Net Income per Share(1) $0.07 $0.09 -22%

Financial results for the first quarter of 2012 compared to the first
quarter of 2011:

--
Revenues from assets under management (AUM) or assets under
administration (AUA) increased 21% to $28.3 million for the first
quarter of 2012 from $23.3 million for the first quarter of 2011;
total revenues, which includes licensing and professional services
fees, increased 12% to $32.6 million for the first quarter of 2012
from $29.3 million for the first quarter of 2011.

--
Net income was $0.7 million, or $0.02 per diluted share, for the first
quarter of 2012 compared to $1.4 million, or $0.04 per diluted share,
for the first quarter of 2011.

--
Adjusted EBITDA(1) was $5.1 million for the first quarter
of 2012 compared to $6.2 million for the first quarter of 2011.

--
Adjusted Net Income(1) was $2.2 million, or $0.07 per
diluted share, for the first quarter of 2012 compared to $3.0 million,
or $0.09 per diluted share, for the first quarter of 2011.

"During the first quarter, a growing number of advisors adopted
Envestnet's wealth management solutions, as we experienced positive net
flows and strong conversion activity of new reporting clients," said Jud
Bergman, chief executive officer of Envestnet. "Having recently
completed the acquisitions of Prima Capital and Tamarac, Envestnet is
positioned better than ever to empower advisors to improve client
outcomes and strengthen their advisory practices. We are helping
advisors transform the wealth management industry to a transparent and
unconflicted standard of care for investors."

Key Operating Metrics as of and for the quarter ended March 31, 2012:

--
AUM/A of $80.4 billion, up 17% from March 31, 2011

--
Accounts (AUM/A only) of 364,236, up 13% from March 31, 2011

--
Advisors (AUM/A only) served totaled 14,386

--
Gross sales of AUM/A of $10.2 billion, resulting in net flows of $5.9
billion

The following table summarizes the changes in AUM and AUA for the
quarter ended March 31, 2012:

In Millions Except Account Data 12/31/11 Gross Redemp- Net Market 3/31/12
Sales tions Flows Impact
---------------------------------- --------- ------- ----------- ------- ------- ---------
Assets under Management (AUM) $ 22,936 $ 3,094 $ (1,531) $ 1,563 $ 1,585 $ 26,084
Assets under Administration (AUA) 47,148 7,119 (2,751) 4,368 2,820 54,336
------- ------ ------- -- ------ ----- -------
Total AUM/A $ 70,084 $10,213 $ (4,282) $ 5,931 $ 4,405 $ 80,420
== ======= = ====== == ======= == = ====== == ===== == =======
Fee-Based Accounts 340,674 42,320 (18,758) 23,562 364,236

During the first quarter, the Company added $4.1 billion of conversions,
which are included in the above AUM/A gross sales figures.

Review of Financial Results

Total revenues increased 12% to $32.6 million for the first quarter of
2012 from $29.3 million for the first quarter of 2011. The increase was
primarily due to a 21% increase in revenues from assets under management
or administration to $28.3 million from $23.3 million in the prior year
period, partially offset by a previously expected reduction in licensing
and professional services revenues.

Total operating expenses in the first quarter of 2012 increased 18% to
$31.4 million from $26.7 million in the prior year period. Cost of
revenues increased 14% to $11.5 million in the first quarter of 2012
from $10.1 million in the first quarter of 2011 due to the increase in
revenue from AUM or AUA. Compensation and benefits increased 5% to $10.7
million in the first quarter of 2012 from $10.2 million in the prior
year period. General and administration expenses increased 39% to $6.8
million in the first quarter of 2012 from $4.9 million in the prior year
period.

Income from operations was $1.2 million for the first quarter of 2012
compared to $2.6 million for the first quarter of 2011. Net income was
$0.7 million, or $0.02 per diluted share, for the first quarter of 2012
compared to $1.4 million, or $0.04 per diluted share, for the first
quarter of 2011.

Adjusted EBITDA(1) in the first quarter of 2012 was $5.1
million, compared to $6.2 million in the prior year period, reflecting
the previously expected reduction in licensing and professional services
revenues. Adjusted Net Income(1) was $2.2 million, compared
to $3.0 million in the first quarter of 2011. Adjusted Net Income Per
Share(1) was $0.07 per diluted share, compared to $0.09 per
diluted share in the first quarter of 2011.

Conference Call

The Company will host a conference call to discuss first quarter 2012
financial results today at 5:00 p.m. ET. The live webcast can be
accessed from the Company's investor relations website at
http://ir.envestnet.com/ .
The conference call can also be accessed live over the phone by dialing
(888) 300-2318, or (719) 457-1509 for international callers. A replay
will be available beginning one hour after the call and can be accessed
from the Company's investor relations website, or by dialing (877)
870-5176, or (858) 384-5517 for international callers; the conference ID
is 9201314. The dial-in replay will be available for one week and the
webcast replay will be available for one month following the date of the
conference call.

About Envestnet

Envestnet, Inc.

/quotes/zigman/604937/quotes/nls/env ENV
-0.09%

is a leading provider of technology-enabled
wealth management solutions to investment advisors. Envestnet's Advisor
Suite software empowers advisors to better manage client outcomes and
strengthen their practice. Envestnet offers advanced portfolio solutions
through its Portfolio Management Consultants Group, Envestnet | PMC.
Envestnet | Tamarac provides leading rebalancing, reporting and practice
management software. Envestnet | Prima provides institutional-quality
research and due diligence on investment and fund managers. Envestnet |
Vantage gives advisors an in-depth view of clients' investments,
empowering them to give holistic, personalized advice.

For more information on Envestnet, please visit
www.envestnet.com .

(1) Non-GAAP Financial Measures

"Adjusted EBITDA" represents net income before interest income, interest
expense, income tax provision, depreciation and amortization, non-cash
stock-based compensation expense, gain on investments, other income,
restructuring charges and transaction costs, severance, customer
inducement costs, and litigation related expense.

"Adjusted net income" represents net income before non-cash stock-based
compensation expense, restructuring expense and transaction costs,
severance, amortization of acquired intangibles, customer inducement
costs, imputed interest expense and litigation related expense.
Reconciling items are tax effected using the income tax rates in effect
on the applicable date.

"Adjusted net income per share" represents adjusted net income divided
by the diluted number of weighted-average shares outstanding.

See reconciliation of Non-GAAP Financial Measures at the end of this
press release. These measures should not be viewed as a substitute for
net income determined in accordance with United States generally
accepted accounting principles (GAAP).

Cautionary Statement Regarding Forward-Looking Statements

The forward-looking statements made in this press release and its
attachments concerning, among other things, Envestnet, Inc.'s (the
"Company") expected financial performance and outlook, its strategic
operational plans and growth strategy are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. These statements involve risks and uncertainties and the Company's
actual results could differ materially from the results expressed or
implied by such forward-looking statements. Furthermore, reported
results should not be considered as an indication of future performance.
The potential risks, uncertainties and other factors that could cause
actual results to differ from those expressed by the forward-looking
statements in this press release include, but are not limited to,
difficulty in sustaining rapid revenue growth, which may place
significant demands on the Company's administrative, operational and
financial resources, fluctuations in the Company's revenue, the
concentration of nearly all of the Company's revenues from the delivery
of investment solutions and services to clients in the financial
advisory industry, the Company's reliance on a limited number of clients
for a material portion of its revenue, the renegotiation of fee
percentages or termination of the Company's services by its clients, the
Company's ability to identify potential acquisition candidates, complete
acquisitions and successfully integrate acquired companies, the impact
of market and economic conditions on the Company's revenues, compliance
failures, regulatory actions against the Company, the failure to protect
the Company's intellectual property rights, the Company's inability to
successfully execute the conversion of its clients' assets from their
technology platform to the Company's technology platform in a timely and
accurate manner, general economic, political and regulatory conditions,
as well as management's response to these factors. More information
regarding these and other risks, uncertainties and factors is contained
in the Company's filings with the Securities and Exchange Commission
("SEC") which are available on the SEC's website at
www.sec.gov
or the Company's Investor Relations website at
http://ir.envestnet.com/ .
You are cautioned not to unduly rely on these forward-looking
statements, which speak only as of the date of this press release. All
information in this press release and its attachments is as of May 9,
2012 and, unless required by law, the Company undertakes no obligation
to publicly revise any forward-looking statement to reflect
circumstances or events after the date of this press release or to
report the occurrence of unanticipated events.

Envestnet, Inc.
Condensed Consolidated Balance Sheets
(In thousands, except share information)
(Unaudited)
March 31, December31,
2012 2011
---------- ----------
Assets
Current assets:
Cash and cash equivalents $ 70,636 $ 64,909
Fees receivable 8,610 9,644
Deferred tax assets, net 146 192
Prepaid expenses and other current assets 3,137 4,040
------- -------
Total current assets 82,529 78,785
------- -------
Property and equipment, net 10,667 11,091
Internally developed software, net 3,487 3,524
Intangible assets, net 11,246 12,225
Goodwill 21,334 22,223
Deferred tax assets, net 6,726 6,692
Other non-current assets 3,165 3,162
------- -------
Total assets $ 139,154 $ 137,702
=== ======= === =======
Liabilities and Stockholders' Equity
Current liabilities:
Accrued expenses $ 13,186 $ 14,919
Accounts payable 2,266 1,974
Note payable 174 171
Deferred revenue 530 79
------- -------
Total current liabilities 16,156 17,143
------- -------
Deferred rent liability 1,492 1,414
Lease incentive liability 2,844 2,933
Other non-current liabilities 618 573
------- -------
Total liabilities 21,110 22,063
Stockholders' equity 118,044 115,639
------- -------
Total liabilities and stockholders' equity $ 139,154 $ 137,702
=== ======= === =======

Envestnet, Inc.
Condensed Consolidated Statements of Operations
(In thousands, except share and per share information)
(Unaudited)
Three Months Ended
March31,
------------------------------------
2012 2011
--------------------- ---------------------
Revenues:
Assets under management or administration $ 28,263 $ 23,271
Licensing and professional services 4,379 5,991
---------- ----------
Total revenues 32,642 29,262
---------- ----------
Operating expenses:
Cost of revenues 11,526 10,128
Compensation and benefits 10,685 10,146
General and administration 6,773 4,876
Depreciation and amortization 2,399 1,548
Restructuring charges 27 10
---------- ----------
Total operating expenses 31,410 26,708
---------- ----------
Income from operations 1,232 2,554
---------- ----------
Other income (expense):
Interest income 9 26
Interest expense (3) (211)
Gain on investments - 3
---------- ----------
Total other income (expense) 6 (182)
---------- ---------- ----
Income before income tax provision 1,238 2,372
---------- ----------
Income tax provision 498 968
---------- ----------
Net income $ 740 $ 1,404
==== ========== ==== ==========
Net income per share:
Basic $ 0.02 $ 0.04
==== ========== ==== ==========
Diluted $ 0.02 $ 0.04
==== ========== ==== ==========
Weighted average common shares outstanding:
Basic 31,857,598 31,433,964
========== ==========
Diluted 32,901,969 32,872,600
========== ==========

Envestnet, Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands, unaudited)
Three Months Ended
March 31,
------------------------
2012 2011
--------------- ---------------
OPERATING ACTIVITIES:
Net income $ 740 $ 1,404
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization 2,399 1,548
Amortization of customer inducements - 1,206
Deferred rent and lease incentive (11) (69)
Gain on investments - (3)
Deferred income taxes 12 775
Stock-based compensation 795 816
Interest expense 3 211
Changes in operating assets and liabilities:
Fees receivable 1,034 567
Prepaid expenses and other current assets 903 (480)
Accrued expenses (1,733) (1,212)
Accounts payable 292 349
Deferred revenue 451 (164)
Other non-current liabilities 45 60
------ ------
Net cash provided by operating activities 4,930 5,008
------ ------
INVESTING ACTIVITIES:
Purchase of property and equipment (613) (1,419)
Capitalization of internally developed software (346) (435)
Proceeds from investments (3) 15
Goodwill adjustment 889 -
------ ------
Net cash used in investing activities (73) (1,839)
------ --- ------ ---
FINANCING ACTIVITIES:
Proceeds from exercise of stock options 948 1,072
Purchase of treasury stock (78) (94)
------ --- ------ ---
Net cash provided by financing activities 870 978
------ ------
INCREASE IN CASH AND CASH EQUIVALENTS 5,727 4,147
------ ------
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 64,909 67,668
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 70,636 $ 71,815
=== ====== === ======

Envestnet, Inc.
Reconciliation of Non-GAAP Financial
Measures
(in thousands, unaudited)
Three Months Ended
March31,
--------------------------------
2012 2011
------------------- -------------------
Net income $ 740 $ 1,404
Add (deduct):
Interest income (9) (26)
Interest expense 3 211
Income tax provision 498 968
Depreciation and amortization 2,399 1,548
Stock-based compensation expense 795 816
Gain on investments - (3)
Restructuring charges and transaction costs 644 10
Severance 5 57
Customer inducement costs - 1,206
Litigation related expense 19 33
---------- ----------
Adjusted EBITDA $ 5,094 $ 6,224
=== ========== === ==========
Three Months Ended
March31,
--------------------------------
2012* 2011*
------------------- -------------------
Net income $ 740 $ 1,404
Add:
Stock-based compensation expense 475 488
Restructuring charges and transaction costs 386 6
Severance 3 34
Amortization of acquired intangibles 586 169
Customer inducement costs - 721
Imputed interest expense - 122
Litigation related expense 11 20
---------- ----------
Adjusted net income $ 2,201 $ 2,964
=== ========== === ==========
Diluted number of weighted-average shares outstanding 32,901,969 32,872,600
========== ==========
Adjusted net income per share - diluted $ 0.07 $ 0.09
=== ========== === ==========

* Adjustments are tax effected using an income tax rate of 40.2% for
2012 and 2011, respectively.

Envestnet, Inc.
Historical Assets, Accounts and
Advisors
(in millions, except account and advisor data;
unaudited)
As of
----------------------------------------------------------------------
March 31, June 30, September 30, December 31, March 31,
2011 2011 2011 2011 2012
---------- --------- ----------- ----------- ----------
Platform Assets
Assets Under Management (AUM) $ 15,635 $ 16,493 $ 15,560 $ 22,936 $ 26,084
Assets Under Administration (AUA) 53,115 54,261 50,607 47,148 54,336
------- ------- ------- ------- -------
Subtotal AUM/A 68,750 70,754 66,167 70,084 80,420
Licensing 83,538 68,531 61,571 69,514 76,235
------- ------- ------- ------- -------
Total Platform Assets $ 152,288 $ 139,285 $ 127,738 $ 139,598 $ 156,655
=== ======= == ======= ==== ======= ==== ======= === =======
Platform Accounts
AUM 71,396 77,302 83,073 124,636 134,294
AUA 252,260 254,995 254,100 216,038 229,942
------- ------- ------- ------- -------
Subtotal AUM/A 323,656 332,297 337,173 340,674 364,236
Licensing 601,512 572,612 572,791 588,038 588,936
------- ------- ------- ------- -------
Total Platform Accounts 925,168 904,909 909,964 928,712 953,172
======= ======= ======= ======= =======
Advisors
AUM/A 14,140 14,613 14,206 13,887 14,386
Licensing 7,895 6,201 5,522 5,709 5,351
------- ------- ------- ------- -------
Total Advisors 22,035 20,814 19,728 19,596 19,737
======= ======= ======= ======= =======

SOURCE: Envestnet

Envestnet
Investor Relations, 312-827-3940
investor.relations@envestnet.com
or
Media Relations
mediarelations@envestnet.com

Copyright Business Wire 2012

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Envestnet Inc.

US

: U.S.: NYSE

$
11.40

-0.01
-0.09%

Volume: 38,290
May 17, 2012 4:04p

P/E Ratio54.03
Dividend YieldN/A

Market Cap$367.68 million
Rev. per EmployeeN/A

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Add to portfolio

ENV

Envestnet Inc.

US

: U.S.: NYSE

$
11.40

-0.01
-0.09%

Volume: 38,290
May 17, 2012 4:04p

P/E Ratio54.03
Dividend YieldN/A

Market Cap$367.68 million
Rev. per EmployeeN/A

Financial Glossary

Words used in this article:

NEW YORK, May 8, 2012 /PRNewswire via COMTEX/ –
The Automotive Resource Network Holdings (pinksheets:ARNH) announced today that it has signed a Letter of Intent with Strategic Marketing Auto Alliance, Inc. (S.M.A. Alliance) and its subsidiary U.S. Autoplex for nationwide distribution of TheARN’s monthly automobile warranty service and its WynShield Pro product. The major aspects of the project have been agreed to in a LOI signed by both parties and the companies will move forward with the campaign upon completion of the final agreement.

S.M.A. Alliance is a software and application company that is currently focused on the automobile industry, providing automobile retailers 10 to 100 times more customers on a daily basis through application of its proprietary technology and online systems. S.M.A. Alliance’s proprietary technology instantly converts individuals showing online product interest into active buyers soliciting immediate purchases from local retailers. S.M.A. Alliance also markets dealer’s vehicles directly online through its wholly owned subsidiary U.S. Autoplex.

Under the terms of the agreement, S.M.A. Alliance will provide online advertising and lead generation for TheARN’s automobile warranty and WynShield Pro products, exclusive placement of TheARN’s products on the U.S. Autoplex website (
www.usautoplex.com ), and direct introduction all of TheARN’s current and future products to S.M.A. Alliance’s growing list of 180+ dealerships and clients.

In response to this announcement Kathy Roberton, CEO of The ARN, commented, “We are very excited to announce what we hope will be a long and successful partnership with S.M.A. Alliance and U.S. Autoplex. We anticipate that S.M.A.’s marketing reach and proven online marketing systems will integrate perfectly with our existing marketing programs and will quickly provide TheARN with a nationwide footprint and increased sales revenues”.

ABOUT THE AUTOMOTIVE RESOURCE NETWORK HOLDINGS, INC.

The Automotive Resource Network, Inc. is a direct marketing company that offers a unique month to month vehicle service contract, roadside assistance products, and nano-technology products direct to consumers through independent sales channels. Its soon-to-be released WynShield Pro product is a clear liquid that uses nano-technology to bond with vehicle windshields and other glass surfaces, keeping them cleaner, clearer, stronger, and hydrophobic by providing a coated surface that helps prevent bugs, rain, ice, dirt, and other debris from sticking. The Automotive Resource Network markets its product through three verticals: Network Marketing, Direct to Consumer through media advertising and Business to Business.

Cautionary Statement Regarding Forward-Looking Statements

Statements in this press release relating to The Automotive Resource Network Holdings, Inc.’s future plans, expectations, beliefs, intentions and prospects are “forward-looking statements” and are subject to material risks and uncertainties. When used in this press release, the words “will,” “future,” “expect,” “look forward to,” similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of The Automotive Resource Network Holdings, Inc. (the “Company”) that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. All information set forth in this press release is current as of May 8, 2012. The Company undertakes no duty to update any statement in light of new information or future events unless required by law.

Contact:The Automotive Resource Network Holdings, Inc.info@thearn.com

SOURCE The Automotive Resource Network Holdings, Inc.

Copyright (C) 2012 PR Newswire. All rights reserved

Financial Glossary

Words used in this article:

Depending on the extent of the electrification, a vehicles electric environment can be customized using various voltages, which each have certain advantages and disadvantages, Stopp said. This flexibility is a critical element in meeting requirements for evolving OEM applications. As an example, Schaefflers eDifferential system provides a baseline concept that includes an electric motor combined with a reduction gear. Since the concept is modular, it can be adapted using various motors or planetary gear sets to achieve changing needs.

During his presentation, Stopp will discuss the importance of drivetrain flexibility when developing alternative drive concepts. According to Stopp, a flexible design provides OEMs with the ability to transfer parts and experience from former applications to new applications as electrification further evolves the drivetrain. Using Schaefflers eDifferential, he will demonstrate how modular designs will be critical to drivetrain flexibility and the electrification evolution.

To meet system requirements, the Schaeffler eDifferential uses the space- and weight-saving lightweight planetary gearset differential, Stopp said. Additionally, depending on the application, a two-speed transmission can be integrated and an optional torque vectoring unit can be included to further increase driving stability.

Currently in volume production development, Schaefflers eDifferential was developed by the companys eMobility Systems Division, which uses a holistic approach that integrates the expertise of both the companys automotive and industrial divisions. The divisions task is to develop and put into production complex, mechatronic systems that meet the current and future needs of the global automotive industry. The division is slated to consist of approximately global 300 employees by the end of 2012.

Created and organized by CTI, a partner for automotive excellence, the 6th International CTI Innovative Automotive Transmissions, Hybrid and Electric Drives Symposium and Exhibition offers an international exchange of experiences and opinions between key automotive representatives. Participants, including OEMs, transmission manufacturers and suppliers from the United States, Europe and Asia, will discuss the latest technical developments and applications for conventional and alternative drives. For more information, please visit the event website.

With its product brands INA, LuK and FAG, Schaeffler is a leading provider of rolling and plain bearing solutions, and linear and direct drive technology, as well as a renowned supplier of high-precision products and systems for engines, transmissions and chassis applications to the automotive industry. The global group of companies generated sales of approximately 10.7 billion euros in 2011. With approximately 74,000 employees worldwide, Schaeffler is one of the largest German and European industrial companies in family ownership. With 180 locations in more than 50 countries, Schaeffler has a worldwide network of manufacturing locations, research and development facilities, sales companies, engineering offices and training centers.

To serve the North American automotive market, Schaeffler operates development centers in: Troy, Mich.; Fort Mill, SC; Wooster, Ohio; and Puebla, Mexico. The companys 400 North American engineers and technicians, who are supported by a team of more than 5,500 global engineers, drive development in the region utilizing state-of-the-art test and measurement equipment, computational tools and CAD systems. Schaeffler Automotive has headquarters in Fort Mill and manufacturing facilities in: South Carolina; Missouri; Ohio; Ontario, Canada; Puebla and Irapuato, Mexico. For more information, please visit www.schaeffler.us.

#xA0;

SOURCE Schaeffler Technologies