Browse Month: July 2016

Securus Technologies May Be Entitle To Three Times The Damages For GTL Patent Infringements

Thanks to putting more than $670 million back into the business, Dallas-based Securus Technology is now considered the top company in the corrections industry. Securus is responsible for serving more than 3,000 correctional institutions at the state, county and local levels across the United States. Millions of inmates rely on the emergency responses, inmate communication system, information management, public information and incident management that Securus provides. Securus tries to keep the integrity bar high in the corrections industry, but not all companies play by the same set of rules.

Allegations of telephone misconduct have been reported by the Louisiana Public Service Commission, and those allegations involve Global Tel Link. In a recent Order, the Louisiana Public Service Commission, claims that Global Tel Link has been shaving minutes off telephone conversations and adding fees to the end of inmate telephone calls. Securus Technology Chief Executive Officer, Rick Smith, said his company is investigating those allegations, and the results will be published in several press releases. Global Tel Link thinks Securus Technologies is not in a position to perform that service because GTL has more quality patents than Securus and GTL has spent more money on research and development to improve communications between inmates and the outside world.

Mr. Smith has asked an independent judge to review the patent portfolios of both companies and make a ruling on the quality, quantity and value of each patent portfolio. Smith believes the executives of Global Tel Link will not agree to a review because they know they will lose. In the meantime, Securus is weighing the possibilities of getting three times the amount of damages they deserve for GTL patent infringements over the last three years.

Texas Financial Services Company Has Strong Finish to 2015

NexBank Capital, Inc., a financial services company with headquarters in Dallas, Texas, released its fourth quarter and yearly financial report for 2015 on March 14, 2016. Net income was $16.2 million for the fourth quarter with total net income for the year $53.2 million. Both totals were substantial increases over the 2014 totals of $10.2 million for the fourth quarter and $25.6 million for the year.

Return on Average Equity (ROAE) was also up for the final quarter and year over the prior time periods. ROAE was 35% for 2015 compared to 23% for 2014 with the fourth quarter posting a ROAE of 37%, up from 33% from 2014.

NexBank Reports Strong Fourth Quarter and Full Year 2015 Results

Three other areas showed large growth from 2014 to 2015. Total assets were up 48%, total loans 42% and total deposits 32%. NexBank ended 2015 with total assets of $2.72 billion, total loans of $1.79 billion, and total deposits of $1.88 billion.

NexBank SSB, a member of FDIC, was a large part of the company’s growth with a Tier 1 leverage ratio of 9.34% and a total risk-based capital ratio of 13.52% at the close of business for 2015.

In November 2015 NexBank purchased College Savings Bank as a means of increasing deposits.

NexBank Capital, Inc., with a charter dating back to 1922, focuses in three areas: commercial banking, mortgage lending and investment banking. NexBank provides solutions for its clients’ unique needs, no matter how difficult and specialized.

NexBank has a nationwide focus that serves financial institutions and individuals. Its experienced personnel provide professional service and advice across the country that meets the financial services required for its clients’ success. NexBank is there to do whatever it takes in a ever changing financial environment.

Kyle Bass Always Has An Angle

Kyle Bass started CAD, the Coalition for Affordable Drugs. He uses CAD to manipulate Wall Street so he can lower stock values and short-sell his holdings. He’s doing it legally, and there’s practically nothing congress can do about it but wax bipartisan in an effort to stop the man. Ostensibly, CAD is about helping the sick save money on necessary expenses. Realistically it’s a front to help Bass manipulate the market. With this in mind, when Bass says, as he did in a FOX News report recently, that China is headed for a recession that will affect the United States by the end of 2016, his motives should be hotly questioned. Bass is saying that the US won’t experience a “Lehman Brothers” moment, as in 2008, but that there will likely be a downturn in the economy. Now, Bass has said this from a public platform with a ubiquity of viewers across the country. It will definitely have an influence on future investments as concerns China. Which way is he trying to push people? That’s the question to ask.

Bass works as a hedge fund manager out of Texas, though he’s originally from Argentina, and continuously praises Cristina Fernandez de Kirchner, socialist despot of that country, on her financial decisions. This despite de Kirchner’s double-default of Argentina in only thirteen years’ time. It seems a cogent economist wouldn’t want to play ball with such a woman, But Bass must know something he doesn’t tell the rest of the world.

When one considers that his involvement with Bear-Stearns is partially an initiator in the 2008 collapse, it becomes very clear that Bass routinely operates on data not regularly available to the public. With Bear-Stearns, Bass had recently ceased being part of their employed team. Between his cessation of employment with Bear-Stearns and Bear-Stearns’ collapse was a very short time. Bass gave a tip to a journalist who asked a probing question which destroyed consumer confidence in Bear-Stearns and forced J.P. Morgan-Chase to buy them out by the end of the week. These were just the first dominoes in a train that imploded the economy by September; and Bass knocked over the initial block.

IAP Worldwide’s Services In The Civilian and Military Sector

IAP Worldwide is one of the most important companies to the United States government and military. They have been involved in creating technologies with important military applications. However, the company has also served many other important functions, such as creating technology that can be employed during different types of natural disasters. Furthermore, IAP Worldwide truly lives up to it’s name. The company does work throughout the world, not just in the United States. The company also is a prominent source of jobs. They employ numerous people, in different parts of the world. The current number of employees with the company is over 1500.

The corporate roots of IAP Worldwide date back many years. The original companies that formed into IAP Worldwide first got their start in the early 1950s. These companies were quite successful, and these companies played a role in space missions by NASA.

Read more:
Jobs – Kabul, Kabul, Afghanistan – IAP Worldwide Services

Kaye Scholer Represents Lender Group in IAP Worldwide Restructuring

IAP Worldwide first began in an unexpected place, during 1990. The company first was started in Irmo, South Carolina. The original mission of the company was helping troops in the Gulf War by providing them with technology. The company was quite successful at this original mission. Furthermore, they have had a continued business relationship with the United States military. The company became more successful and provided many new technologies in various sectors, during the 1990s and early 2000s. By 2004, IAP Worldwide was responsible for several hundred million dollars of goods contracted by them. The company has continued to grow from there, and they have begun to expand their work into different sectors of the economy. Some of their work is with military technology, but they have also begun to do a significant amount of work with computer systems. The company also has done work with technology for the generation of electricity generation.

In addition to being a source of employment for many and a tremendous resource of military and civilian technology, IAP Worldwide also offers a very stable and productive option for investors. Given IAP Worldwide’s long term success as a company and continued growth, their stocks are an excellent choice for investors.

IAP Worldwide is expected to grow in coming years, as they have in the past. They continue to dedicate large amounts of time and money to developing new technologies. It is likely that many of these technologies will provide numerous new solutions in both the government and civilian sectors of the economy.

Learn more about IAP Worldwide: