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Liberty Cinema to become Mumbai's culture hub

ENGLEWOOD, Colo.–(BUSINESS WIRE)–

Liberty Media Corporation (Nasdaq: LMCA, LMCB) announced that Greg Maffei, President and CEO of Liberty Media, will be presenting at the Barclays Global Technology, Media and Telecommunication Conference on Wednesday, May 23rd at 2:45 p.m., Eastern Time at the Sheraton New York Hotel in New York City, NY. During his presentation, Mr. Maffei may make observations regarding the company’s financial performance and outlook.

The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Media Corporation website at http://www.libertymedia.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.

About Liberty Media Corporation

Liberty Media (Nasdaq: LMCA, LMCB) owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc. and TruePosition, Inc., its interests in Starz, LLC, SiriusXM, Live Nation Entertainment and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.

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Liberty Media Corporation to Present at Barclays Global Technology, Media and Telecommunications Conference

ISLIP, N.Y., May 16, 2012 /PRNewswire-iReach/ — Liberty Jet Management, one of the fastest growing operators in the Northeast announced today that Revolution Air, one of the premier aircraft charter brokers in the country is now part of Liberty Jet’s retail division. Liberty Jet is pleased to welcome Mr. Joe Bacci and his team from Revolution Air to head up this rapidly growing private jet charter division. Christian Deputy, President of Liberty Jet commented that “having a seasoned veteran like Joe will be a welcomed addition to Liberty’s continued growth that it is experiencing on all fronts.” Deputy also said that, “there is a great synergistic effect between Joe, his team, and the current Liberty Jet personnel already in place.” Terms of the deal would not be disclosed.

Liberty Jet’s corporate offices are based at their state of the art 60,000 sq ft facility at Long Island’s MacArthur Airport with sales offices in Chicago, Philadelphia and Boca Raton manage aircraft from heavy to light aircraft throughout the United States.

For more information please contact Julian Schulman, Director of Client Services at 800-879-2345 or visit our website at www.libertyjet.com.

Christian Deputy Liberty Jet Management, 1-800-879-2345, cdeputy@libertyjet.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

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Liberty Jet is Proud to Announce That Revolution Air is Now Part of the Liberty Family.

ENGLEWOOD, Colo.–(BUSINESS WIRE)–

Liberty Interactive Corporation (Nasdaq: LINTA, LINTB) announced that Greg Maffei, President and CEO of Liberty Interactive, will be presenting at the Barclays Global Technology, Media and Telecommunication Conference on Wednesday, May 23rd at 2:45 p.m., Eastern Time at the Sheraton New York Hotel in New York City, NY. During his presentation, Mr. Maffei may make observations regarding the company’s financial performance and outlook and the proposed creation of the Liberty Ventures tracking stock.

The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Interactive Corporation website at http://www.libertyinteractive.com/events to register for the webcast. An archive of the webcast will also be available on this website for 30 days.

About Liberty Interactive Corporation

Liberty Interactive (Nasdaq: LINTA, LINTB) owns interests in a broad range video and online commerce businesses including QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com, Evite, Expedia and TripAdvisor.

Additional Information

Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of Liberty Interactives proposed new tracking stock or Liberty Interactives existing common stock. The offer and sale of shares of the proposed tracking stock will only be made pursuant to an effective registration statement. Liberty Interactive stockholders and other investors are urged to read the registration statement filed with the SEC, including the preliminary proxy statement/prospectus contained therein, because they contain important information about the issuance of shares of the proposed tracking stock. Copies of Liberty Interactives SEC filings are available free of charge at the SECs website (http://www.sec.gov). Copies of the filings together with the materials incorporated by reference therein will also be available, without charge, by directing a request to Liberty Interactive Corporation, 12300 Liberty Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.

Participants in a Solicitation

The directors and executive officers of Liberty Interactive and other persons may be deemed to be participants in the solicitation of proxies in respect of proposals relating to the approval of the issuance of the new tracking stock. Information regarding the directors and executive officers of Liberty Interactive and other participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be available in the proxy materials to be filed with the SEC (a preliminary filing of which has been made with the SEC).

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Liberty Interactive Corporation to Present at the Barclays Global Technology, Media and Telecommunications Conference

MERCER ISLAND, Wash., May 16, 2012 /PRNewswire/ — Liberty Dialysis (www.libertydialysis.com), owner and operator of more than 260 dialysis clinics nationwide, is celebrating its 1,000th patient to participate in its Peritoneal Dialysis (PD) program. Liberty Dialysis is known for its strong commitment to home therapies for End Stage kidney disease patients, making this a particularly special milestone for the company. The 1,000th PD patient was trained in just two weeks, by nephrology specialists at the Liberty affiliate INS Statesville clinic to perform PD treatment independently.

What is PD? Peritoneal dialysis allows End-Stage Renal Disease (ESRD) patients to treat themselves at home, work and even while traveling. Like hemodialysis, PD is a way to remove waste products from the blood when the kidneys can no longer perform this function. During PD, a catheter attached to the patient’s abdominal lining (peritoneum) delivers fluid (dialysate) to the blood vessels. This fluid flows into and out of the peritoneal space, performing the kidney’s function.

PD vs. HemodialysisThe majority of patients with severe chronic kidney disease are treated with hemodialysis, which typically takes place in a hospital or clinic under the supervision of specialized staff, such as nephrology nurses and technicians. In some cases treatment can be performed at home by a patient or caregiver. While PD treatment is not an option for everyone, many patients are candidates for this type of treatment. More ESRD patients are choosing this method for its many benefits, including:

“Celebrating Liberty Dialysis’ 1,000th PD patient is a particularly special milestone for us,” stated Ron Sawyer, Chief Operating Officer at Liberty Dialysis. “The commitment to providing home dialysis has always been an important cornerstone of our organization. Everyone at Liberty is committed to making home dialysis an option to more patients.”

About Liberty Dialysis With more than 260 dialysis clinics in operation across the U.S., Liberty Dialysis is dedicated to providing outstanding care for patients with kidney disease and a rewarding career experience for its trained caregivers. Liberty has a history of developing clinics in underserved communities in cooperation with local physicians and non-profit organizations. Liberty also forms partnerships with local nephrologists and hospitals to develop and operate these centers. For more information, visit www.libertydialysis.com.

Media Contact: Alia Henson 316-619-4245

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Liberty Dialysis Celebrates Milestone 1,000th Patient in Peritoneal Dialysis Program

Presumptive Republican presidential nominee Mitt Romney delivered the commencement speech at Liberty University in Lynchburg, Va., this past weekend. It was seen as an appeal to religious conservatives in the Republican Party who had opposed him earlier in the primary season.

Here is the full text of Romneys prepared remarks, from his website:

For the graduates, this moment marks a clear ending and a clear beginning. The task set before you four years ago is now completed in full. To the class of 2012: Well done, and congratulations.

Mitt Romney gives Liberty University commencement speech May 12, 2012. (Jae C. Hong/AP) Some of you may have taken a little longer than four years to complete your studies. One graduate has said that he completed his degree in only two terms: Clintons and Bushs.

In some ways, it is fitting that I share this distinction with Truett Cathy. The Romney campaign comes to a sudden stop when we spot a Chick-fil-A. Your chicken sandwiches were our comfort food through the primary season, and there were days that we needed a lot of comforting. So, Truett, thank you and congratulations on your well-deserved honor today.

There are some people here who are even more pleased than the graduates. Those would be the parents. Their years of prayers, devotion, and investment have added up to this joyful achievement. And with credit to Congressman Dick Armey: The American Dream is not owning your own home, it is getting your kids out of the home you own.

Lately, Ive found myself thinking about life in four-year stretches. And lets just say that not everybody has achieved as much in these last four years as you have.

Thats a theme for another day. But two observations. First, even though job opportunities are scarce in this economy, it is not for nothing that you have spent this time preparing. Jerry Falwell, Senior, long ago observed that, You do not determine a mans greatness by his talent or wealth, as the world does, but rather by what it takes to discourage him. America needs your skill and talent. If we take the right course, we will see a resurgence in the American economy that will surprise the world, and that will open new doors of opportunity for those who are prepared as you are.

Of course, what the next four years might hold for me is yet to be determined. But I will say that things are looking up, and I take your kind hospitality today as a sign of good things to come.

I consider it a great life honor to address you today. Your generosity of spirit humbles me. The welcoming spirit of Liberty is a tribute to the gracious Christian example of your founder.

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Romney’s Liberty U commencement speech — text

Liberty Global Inc. ( LBTYA ) declared mixed financial results for the first quarter of 2012. In the previous quarter, the company added a net 445,000 organic revenue generating units (RGU), up 71% year over year.

Quarterly GAAP net loss from continuing operation was $25.2 million or a loss of 9 cents per share compared with a net income of $342.4 million or $1.22 per share in the prior-year quarter. However, first-quarter 2012 adjusted (excluding special items) earnings per share of 17 cents fell below the Zacks Consensus Estimate of 20 cents.

Quarterly total revenue of $2,537 million was an improvement of 12.4% year over year, beating the Zacks Consensus Estimate of $2,492 million. Year-over-year growth of the top line was primarily attributable to the consolidation of German operations.

Quarterly cost of operation was $897.7 million, up 10.6% year over year. Selling, General and Administrative expenses were $471.4 million, up 12.8% year over year. In the first quarter of 2012, operating income was $494.3 million, up 14.2% year over year.

During the first quarter of 2012, Liberty Global generated $805.8 million of cash from operations compared with $734.9 million in the year-ago quarter. Free cash flow (cash flow from operations less capital expenditures) in the reported quarter was $284.5 million compared with $245.3 million in the prior-year quarter.

At the end of the first quarter of 2012, Liberty Global had $2,703.1 million of cash & marketable securities and $24,966.3 million of outstanding debt on its balance sheet compared with $2,626.4 million of cash & marketable securities and $24,757.9 million of outstanding debt on its balance sheet at the end of 2011. At the end of the first quarter of 2012, debt-to-capitalization ratio was 0.90 compared with 0.87 at the end of 2011.

Subscriber Statistics

As on March 31, 2012, Liberty Global had 19.5869 million customers in 14 countries. UPC Broadband customer was 16.1746 million. Telnet customer was 2.1801 million. VTR customer was 1.1089 million. Puerto Rico customer was 122,700. Total Single-Play customer was 11.2316 million, up 9.4% year over year. Total Double-Play customer was 2.9207 million, up 9.8% year over year. Total Triple-Play customer was 5.4346 million, up 39.6% year over year.

During the reported quarter, Liberty Global added 445,000 net RGUs including net gains of 254,000 and 277,000 subscribers, respectively, for broadband Internet and telephony services and a net loss of 86,000 subscribers for video services. In the first quarter, the company added 279,000 digital video subscribers. At the end of the first quarter of 2012, Liberty Global had 8.4 million digital cable subscribers with a penetration rate of 47%. Importantly, 52% of total digital cable subscribers are now using HD/DVR services.

Segment wise Results

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Liberty Global Reports Mixed 1Q – Analyst Blog

NEW YORK (TheStreet) — For reasons I can’t quite comprehend Sirius XM(SIRI) investors continue with their misguided optimism over recent events with Liberty Media(LMCA). They seem to think Liberty’s effort to take full control of Sirius is going to somehow manifest into a win-win situation where both Liberty and investors of Sirius walk away holding hands.

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Liberty Media Is Exploiting SIRI Investors' Delusion

IRVINE, Calif.–(BUSINESS WIRE)–

LIBERTY Dental Plan (LIBERTY) is releasing their new mobile app with predictive Automatic Call Distribution (ACD). LIBERTY members across the United States can now access LIBERTYs most popular online dental features via smart phones.

Using this free, easy-to-use mobile app, members can access their account information, view dental benefits and co-pays, find a dentist, get answers to Frequently Asked Questions, and contact LIBERTY Member Services without waiting in a call queue.

Drumbi, a leader in enterprise communications, uses predictive ACD technology embedded into the app to enhance communications between the member and LIBERTY customer services. Callers can directly access a LIBERTY Member Services Representative, and be personally greeted by a friendly, live voice who is automatically prompted with the members basic information at the time of the call.

Were excited to be a leader in the dental insurance industry offering a mobile app that will dramatically enhance member service communications, said Dr. Amir Neshat, LIBERTY’s Founder, President and CEO. I am particularly excited that LIBERTY can offer innovative solutions to our clients, bringing us ever closer to meeting and exceeding standards in efficiency and quality.

We are privileged to have been selected by LIBERTY Dental Plan as a core component of their operational transformation, Shervin Talieh, CEO of Drumbi, said. LIBERTY’s mission is to provide a superior member and provider experience while creating tremendous operational efficiency as they continue their rapid growth. The benefit of self-service technology is tied to consumers knowing they have control of their options. Drumbi and LIBERTY are continuing their efforts together to design another integrated app specifically for dental providers.

LIBERTY Dental Mobile is available now free of charge in the iPhone App Store and in Google Play for Android. For more information, visit www.libertydentalplan.com/mobile.

About LIBERTY Dental Plan

LIBERTY Dental Plan specializes in commercial and government sponsored dental programs, providing services to managed care organizations, state governments, labor unions, large group employers, municipalities, and individuals. With a vast majority of its membership enrolled in government sponsored programs, LIBERTY is recognized as a specialist in administering dental care for Medicaid, SCHIP and Medicare beneficiaries. LIBERTY has a proven record of successfully increasing the utilization of quality dental care for multiple programs, ensuring that a larger portion of premiums are appropriated directly to care.

LIBERTY Dental Plan is also recognized as an industry leader in the area of Dental Disease Management. A member of The Care Continuum Alliance (carecontinuum.org), LIBERTY shares their commitment to promote high quality standards for and definitions of key components of wellness, disease, case management where appropriate, and care coordination programs as well as support services and materials.

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LIBERTY Dental Plan Introduces Mobile App

TSX: LBE

TORONTO , May 14, 2012 /CNW/ – Liberty Mines Inc. (“Liberty” or the “Company”) today announced results from a deep drill program on its Hart Nickel Deposit that suggests increased mineralization at depth. The drilling program is consistent with the Company’s strategy to add to its current resource base, and support production activities at its 2,000 ton per day Redstone Mill.

“These drill results demonstrate the potential for adding significant tonnage to the Hart resource and support our belief that there are deeper deposits within the Shaw Dome region,” commented Chris Stewart , President & CEO of Liberty Mines. “We are very encouraged by the mineralization in the drill holes along with the results of the down the hole geophysics we carried out on the three deep drill holes. The current indicated resource of 1.55 million tonnes at the Hart deposit ends at a depth of about 550m below surface. These new deep drill hole intersections suggest we could add significant tonnes to the overall Hart resources at depth.”

An intercept of 0.96% Ni over a drilled width of 0.9 meters from 795.6 to 796.5 meters in drill hole H-12-31A occurred at a vertical depth of 780 meters below surface. In addition, an intercept of 0.6% Ni over a drilled width of 3.5 meters occurred from 786.8 to 790.3 meters. The Hart Deposit has an indicated resource of 1,546,000 tonnes grading 1.4% Nickel from surface to approximately 550 meters below surface. In late 2011, Liberty Mines drilled a deep hole targeting the vertical projection of a VTEM airborne conductor. Drill hole H-11-23 intersected 1.24% Ni over a drilled width of 3.6 meters approximately 550 meters vertically below surface ( Dec 14, 2011 press release). The recent intercept in drill hole H-12-31A occurs approximately 270 meters down dip of drill hole H-11-23.

Recently, a borehole geophysical survey was performed on both of these drill holes by Crone Geophysics and Exploration Ltd. The responses from the surveys suggest a significant conductor lies west of drill hole H-11-23 at an approximate depth of 580 meters and a conductive response also lies immediately east and below drill hole H-12-31A at an approximate vertical depth of 800 meters. Liberty Mines plans to drill test these conductive responses to build upon the recent deep drill hole intercepts.

On the Hart East project, a recent deep drill hole, H-11-30 intersected 1.02% Ni over a drilled width of 1.7 meters at approximately 650 meters vertically below surface ( March 26, 2012 press release). A borehole survey performed on this drill hole indicates a substantial off hole response to the east and above the deep intercept which could represent significant accumulations of nickel sulphides. Liberty is also planning to drill test this significant conductor to continue building upon a resource for the Hart East.

To see an image of the Hart & Hart East projects, click the following link: http://files.newswire.ca/1063/Hart_and_Hart_East.pdf

Currently, drilling is focused on a combined airborne VTEM and geochemical soil anomaly equidistant between the Hart and McWatters deposits. Results from the deep drilling on the Hart and Hart East programs are shown in the table below. These drill holes have been bore hole surveyed. The core lengths presented in the table are the intersected lengths, and the composite lengths are core weighted. True widths are unknown. Drill holes H-11-23 and H-11-30 previously reported.

Liberty’s drill projects are being supervised by the Company’s Vice President of Exploration, Peter Caldbick BSc, P.Geo., a qualified person as defined by National Instrument 43-101. The technical contents of the press release have been reviewed and approved by Peter Caldbick. A rigorous quality assurance program is employed which includes the insertion of standards and blanks for each batch of samples. Samples of the NQ size drill core are sawed in half, with one-half sent to a commercial laboratory, AGAT Laboratories Mississauga, Ontario, and the other half retained for future reference. Core samples are routinely analyzed for nickel and copper using sodium peroxide fusion and ICP finish. Any analyses greater than 5,000 ppm are re-analyzed using total acid digestion

About Liberty Mines Inc.

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Liberty Mines Continues to Expand Nickel Mineralization at its Hart Deposit

TSX: LBE

TORONTO , May 14, 2012 /CNW/ – Liberty Mines Inc. (LBE.TO) (“Liberty” or the “Company”) today reported its financial results for the 3-month period ended March 31, 2012 . All amounts are in Canadian currency.

“Our first quarter was marked by our most significant milestone since we began our turn-around strategy nine months ago,” said Mr. Chris Stewart , President and CEO of Liberty Mines. “With the re-start of mining and milling operations now behind us, we can focus our efforts on maximizing production of our nickel concentrate, and continuing to add to our resources and reserves through a strategic exploration program. These efforts will not only generate improved financial results in the near term through increased revenue and cash flow, they will also effectively position us for future long-term growth.”

Q1 2012 Operational Highlights

Highlights Subsequent to Quarter End

Selected financial highlights

Review of Q1 Financial Performance Revenue for Q1 2012 was $19,240 down from $2.1 million for Q1 2001. The year-over-year decline was due to a shut-down of mining and milling operations initiated by the Company in February, 2011. Mining and milling operations were effectively re-started on March 31 , 2012. Given the timing of the start date, the company expects revenue and cash flow from operations to resume in Q2 2012. Revenue generated in Q1 2012 stemmed from the final settlement on precious metals shipped in 2011.

Net loss for Q1 2012 was $8.0 million or $0.04 per basic and fully diluted share. The loss included amortization expenses of $1.4 million , interest on long-term debt of $2.2 million and dividends on preferred shares of $0.3 million . In the same period of 2011, Liberty recorded a net loss of $5.1 million or $0.03 per basic and fully diluted share. Liberty’s mining and milling operations were partially functional in Q1 of 2011.

At March 31, 2012 , Liberty had cash and cash equivalents of $546,600 . This compares to $1.3 million at year end 2011.

Liberty’s financial statements for the period ended March 31, 2012 are available at www.libertymines.com and www.sedar.com. The financial statements should be read in conjunction with the accompanying notes and management’s discussion and analysis.

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Liberty Mines Reports Financial Results for First Quarter 2012

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Media Decoder Blog: Liberty Media Increases Its Stake in Live Nation

Liberty Global Inc. (LBTYA) declared mixed financial results for the first quarter of 2012. In the previous quarter, the company added a net 445,000 organic revenue generating units (RGU), up 71% year over year.

Quarterly GAAP net loss from continuing operation was $25.2 million or a loss of 9 cents per share compared with a net income of $342.4 million or $1.22 per share in the prior-year quarter. However, first-quarter 2012 adjusted (excluding special items) earnings per share of 17 cents fell below the Zacks Consensus Estimate of 20 cents.

Quarterly total revenue of $2,537 million was an improvement of 12.4% year over year, beating the Zacks Consensus Estimate of $2,492 million. Year-over-year growth of the top line was primarily attributable to the consolidation of German operations.

Quarterly cost of operation was $897.7 million, up 10.6% year over year. Selling, General and Administrative expenses were $471.4 million, up 12.8% year over year. In the first quarter of 2012, operating income was $494.3 million, up 14.2% year over year.

During the first quarter of 2012, Liberty Global generated $805.8 million of cash from operations compared with $734.9 million in the year-ago quarter. Free cash flow (cash flow from operations less capital expenditures) in the reported quarter was $284.5 million compared with $245.3 million in the prior-year quarter.

At the end of the first quarter of 2012, Liberty Global had $2,703.1 million of cash & marketable securities and $24,966.3 million of outstanding debt on its balance sheet compared with $2,626.4 million of cash & marketable securities and $24,757.9 million of outstanding debt on its balance sheet at the end of 2011. At the end of the first quarter of 2012, debt-to-capitalization ratio was 0.90 compared with 0.87 at the end of 2011.

Subscriber Statistics

As on March 31, 2012, Liberty Global had 19.5869 million customers in 14 countries. UPC Broadband customer was 16.1746 million. Telnet customer was 2.1801 million. VTR customer was 1.1089 million. Puerto Rico customer was 122,700. Total Single-Play customer was 11.2316 million, up 9.4% year over year. Total Double-Play customer was 2.9207 million, up 9.8% year over year. Total Triple-Play customer was 5.4346 million, up 39.6% year over year.

During the reported quarter, Liberty Global added 445,000 net RGUs including net gains of 254,000 and 277,000 subscribers, respectively, for broadband Internet and telephony services and a net loss of 86,000 subscribers for video services. In the first quarter, the company added 279,000 digital video subscribers. At the end of the first quarter of 2012, Liberty Global had 8.4 million digital cable subscribers with a penetration rate of 47%. Importantly, 52% of total digital cable subscribers are now using HD/DVR services.

Segment wise Results

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Liberty Global Reports Mixed 1Q

TUCSON, Ariz.–(BUSINESS WIRE)–

Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (LBSR: OTCBB) is pleased to provide an update of exploration activity on its Hay Mountain claims. 608 soil samples collected over approximately 22 square miles (NR 114) were sent to the ALS Minerals (ALS-Chemex) certified geochemical analysis lab in Vancouver, British Columbia, where they were tested for the presence of 64 different elements.

ALS has returned all of the geochemical soil samples results for all elements requested, to Liberty Stars Tucson office. The assays have been entered into an ARC GIS (Geographic Information System) database from which contour maps are being produced. Additionally, enhanced satellite imagery (digital space photos) is being analyzed for geology and alteration, and the various geochemical contours are superimposed on this imagery. This work has produced a variety of interesting and surprising (unexpected) results that require further in-depth analysis. Chief Geologist and Company CEO James A. Briscoe and his team have made the following preliminary observations:

The vegetation sample assays are coming in, and these results will be plotted just like the soil and rock chip samples have been. Our interpretation of them will be compared to the other two sample types. Updates will be reported as progress is made.

James A. Briscoe

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that we will undertake a ZTEM survey in spring or summer; that we will re-assay results for rare earth metals; and vegetation samples will be plotted.

Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our exploration program to identify targets; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Companys recent 10-K and the Companys other periodic reports filed from time to time with the Securities and Exchange Commission.

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Liberty Star Provides Geochem Update: Soil Samples Hay Mountain, Arizona

LAS VEGAS–(BUSINESS WIRE)–

Western Liberty Bancorp, Inc. (NASDAQ:WLBC – News), the holding company for Service1st Bank of Nevada (Service1st Bank) and Las Vegas Sunset Properties (LVSP), today reported its tangible book value per share was $5.53, down slightly from $5.60 in the preceding quarter. Western Liberty narrowed its first quarter loss to $1.1 million, or $0.08 per share, in the first quarter of 2012, compared to $2.4 million, or $0.17 per share, in the fourth quarter of 2011. Net loss for the year ago quarter was $409,000, or $0.03 per share. All financial results are unaudited.

Our loan portfolio is beginning to stabilize. No new properties moved into classified status during the quarter, and we are receiving solid interest from investors in some of our foreclosed properties, said William Martin, Chief Executive Officer. During December, we moved $4 million of foreclosed real estate into our new holding company asset resolution subsidiary, Las Vegas Sunset Properties (LVSP). Then during the first quarter of 2012, we moved an additional $18 million in classified loans to LVSP. These transfers improved the Banks ratio of classified assets to Tier 1 capital plus reserves to 29% at March 31, 2012, down from 84% at year end. While on a consolidated basis our nonperforming assets are still higher than we would like, at the Bank level we are much closer to achieving asset quality levels mandated by our regulators.

Our capital levels at both Service1st Bank and Western Liberty Bancorp remain very strong. For Service1st Bank and Western Liberty Bancorp, we ended the quarter with a Tier 1 Risk based-capital of 35.61% and 71.28%, respectively, Martin continued. And, as an improving economy emerges in Las Vegas, we expect to be able to deploy capital and liquidity into loans as demand improves.

While we earned a profit at the bank level of $62,000, expenses at the holding company generated a loss of $1.1 million in the first quarter of 2012, reflecting ongoing elevated expenses for legal and professional fees, and a $117,000 impairment charge for other real estate owned at LVSP, said Martin. We will continue to monitor asset quality and maintain our reserves at the appropriate level, as well as work diligently to keep expenses down.

Financial Highlights (at or for the quarter ended March 31, 2012)

Nevada Economic Update

Although new reports confirm that Las Vegas continues to lag in the economic recovery, Marcus & Millichap, a national commercial real estate brokerage and advisory firm, projected the addition of 12,000 jobs locally this year and that office-using job growth will push start a recovery in the Las Vegas office market this year.

Further signs of recovery were reported by the Nevada State Department of Taxation with its April 26 report on February tax revenues. Statewide taxable sales for February 2012 of $3.2 million represent a 10.2% increase over February 2011 and a 7.5% increase for the fiscal year. The largest increases in statewide taxable sales were realized by Food Services and Drinking Places, up 11.9%; Motor Vehicle and Parts Dealers, up 22.9%; General Merchandise Stores, up 16.9%; Merchant Wholesalers, Durable Goods, up 18.0%; and Clothing and Clothing Accessories Stores, up 11.3%.

According to the April 5, 2012, report from the University of Nevada Las Vegas Center for Business and Economic Research, CBERs Southern Nevada Index of Coincident Economic Indicators showed significant gains for March 2012, rising by more than 2% from the previous month. The index is constructed with two measures of employment. One is collected from a survey of businesses and one collected from a survey of households (the latter as part of the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics). Although both measures included in the index rose, the data from the household survey were the primary driver of the gain, increasing by over 3% from February 2012. CBERs Southern Nevada Index of Leading Indicators also rose by 0.36% in March, continuing on its trend of a slow recovery. The local, regional, and national components all contributed to this growth and allow us to forecast continued economic growth until late summer. CBERs other three indexes of current economic activity were mixed:

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Western Liberty Bancorp Reports First Quarter 2012 Financial Results

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Romney's Liberty University speech will emphasize family, criticize Obama

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Liberty University Commencement 2012: Paying Tribute to Liberty’s Heritage, God’s Blessings

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Romney Courts Christian Conservatives at Liberty U

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Published: 5/12/2012

BLADE STAFF

BRYAN — The Liberty Center and Wauseon girls track teams engaged in a tug-of-war to decide the Northwest Ohio Athletic League meet championship Friday night.

In the end, the Tigers outlasted the Indians, winning the 1600 relay – the final event of the night. Liberty Center placed first with 149 points, followed by Wauseon’s 148, Archbold 109, Evergreen 68, Bryan 64, Delta 45, Montpelier 36, Patrick Henry 27, and Swanton 14.

In the NWOAL boys competition, Archbold dominated with 166 points, followed by Bryan with 98, Patrick Henry 80, Wauseon 77, Swanton 72, Evergreen 50, Montpelier 44, Delta 40, and Liberty Center 33.

Liberty Center girls won the 400 relay (52.77); Evergreen the 800 relay (1:49.0). Archbold took first in the 1600 relay (4:12.78).

Allison Righi of Liberty Center cleared 5-2 to win the high jump; Bryan’s Alyssa McBride won the pole vault (12-6). Archbold’s Kinsey Smith won the long jump with an effort of 16-1.50.

Liberty Center’s Ali Busick won the shot put (35-11.50); Delta’s Alexa Salsbury won the discus event (114-9).

Wauseon’s Kendall Weber won the 100 hurdles (15.74) and the Indians’ 3200 relay took first (9:55.79).

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Liberty Center girls, Archbold boys reign

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Romney Speaks At Anti-Gay Liberty University Alongside Baptist Billionaire