The Bahamas Investor

...ate stem cell research and therapy. Dr. Glen Beneby, Chief Medical Officer for the Commonwealth of The Bahamas, leads the National Stem Cell Ethics Committee (NSCEC) and maintains a focus on ethical, safe industry development for stem cell therapy in The Bahamas. “Public safety is paramount, and Okyanos has been aligned with the NSCEC on this from the beginning,” said Dr. Beneby. “We put forth significant effort early on to appoint highly qualifie......

...tivities, please see the tables at the end of this release. Adjusted net income for the second quarter of 2013 was $12.5 million which excludes the effect of a $1.1 million gain for deferred taxes on unrealized foreign exchange losses on U.S. dollar-denominated debt of our Brazilian subsidiary in our Offshore Supply Business, a $(0.2) million non-cash loss from debt extinguishments and a $0.1 million gain related to the sale of dry barges which we......

...erms of our balance sheet strength, we consolidated our financial position by prepaying our $80.0 million 2017 convertible bond, placed a new $225.0 million note due 2021 and prepaid the existing $180.0 million notes due 2014. Complementing this success, we capitalized on attractive growth opportunities including investing close to $100.0 million in three new, very large PSVs for our offshore supply fleet which will enter service early in 2014. Th......

...Sea should follow as the natural balancing out of the market occurs in the forthcoming years. Ultrapetrol’s fleet has the advantage of being very modern and technologically capable of supporting deep sea oil drilling in both markets. Ocean The Ocean Business segment generated adjusted EBITDA of $0.1 million in the first quarter of 2012 as compared to adjusted EBITDA of $1.2 million in the same period of 2011. For a reconciliation of segment adjust......

...tivities, please see the tables at the end of this release. Adjusted net income for the third quarter of 2013 was $8.4 million which excludes the effect of a $0.2 million gain for deferred taxes on unrealized foreign exchange losses on U.S. dollar-denominated debt of our Brazilian subsidiary in our Offshore Supply Business, a $(1.7) million non-cash loss from debt extinguishments and a $0.1 million gain related to the sale of dry barges which were......

...d contact Bryan Degnan of The IGB Group at (646) 673-9701 or bdegnan@igbir.com for more information. Following the event, an audio recording and a copy of the presentation used will be made available on the Investor Relations section of the Company’s website, www.ultrapetrol.net. About Ultrapetrol: Ultrapetrol is an industrial transportation company serving the marine transportation needs of its clients in the markets on which it focuses. It serve......

...hing market for vacationers, and he attributes much of the interest to the forthcoming $4.9-billion Ginn sur Mer development slated for West End. “Freeport’s opening up dramatically. They’re going to have a lot of villas over there. Right now there’s only about seven or eight really good villas in that area and there are probably going to be, in the next five years, over 100. Freeport’s getting ready to take off,” he says. Sidebar Bahamas & Caribb......

...ace of mind, knowing that our boat is protected at night.” To see the live track, visit the GOST Nav-Tracker website. The username login is A-Team@gostglobal.com and the password is “fish.” Click here for the full release. Source: Trade Only Today......

...recreation and the purchase of vacation homes in the next 12-24 months. To download a complete copy of the Resonance Report 2013 please visit resonancereport.com. “The Bahamas has always been associated with luxury travel, and the country resisted catering to the lower end of the market after the downturn in 2008. Many other Caribbean destinations went the other way,” says Chris Fair, president of Resonance Consultancy. The Bahamas welcomed approx......

...potential for higher gain.” For Additional Information Contact: Mrs. Elude Michel-Sturrup Tel: 242-323-2330 Fax: 242-323-2320 Email: info@bisxbahamas.com Download: Trading Notice – Royal Fidelity Bahamas Opportunities Fund.......

...ll aspects of the business environment that matter to firms and investors. For example, it does not measure the quality of fiscal management, other aspects of macroeconomic stability, the level of skills in the labor force, or the resilience of financial systems. Its findings have stimulated policy debates worldwide and enabled a growing body of research on how firm-level regulation relates to economic outcomes across economies. This year’s report......

...ar held in Nassau recently. “Right and wrong should not be measured merely by compliance with the law. Employees should feel free to discuss ethical issues and be rewarded for ethical behaviour.” Rolle-Bastien stressed that those at the senior level of a company had a responsibility to lead by example, to encourage their employees to report any questionable behaviour and feel free to openly voice concerns. “The tone must be set at the top. An orga......

...y. The other major political parties are the Progressive Liberal Party led by former Prime Minister Perry Christie (pictured left), who served as leader of the country from 2002 to 2007, and Branville McCartney (right), leader of the Democratic National Alliance. McCartney once served as a Cabinet Minister in Ingraham’s administration. Ingraham says his government is making sure that those registered voters who are unable to vote on Election Day b......

...ting this year’s top marketing campaigns from across the global hospitality industry. To learn more, please visit: http://www.Tambourine.com......

...bout Secure Hosting’s solutions using VMWare and virtualization, visit the company’s website. About Secure Hosting: Since 2001, Secure Hosting has been providing premium hosting solutions to businesses who are concerned about data seizure, privacy loss or business interruption. The company’s three data centres in The Bahamas and Bermuda are monitored and protected 24/7 with the latest in network monitoring and security technologies including acces......