Krylon Industrial knows that a locators work is literally on the line for identifying and marking various utilities for excavation and construction sites. Krylon Industrial understands that, ultimately, the primary goal of any locator is to maximize safety and prevent damage. And when it comes to marking paint, Krylon Industrial understands what locators need to make their mark every day.

And now, Krylon Industrial is giving all locators a chance to win a Scholarship to the 2012 International Utility Locate Rodeo. Since its inception in 2001, The International Utility Locate Rodeo has been the preeminent competitive event for Utility Locate Technicians in the U.S., Canada and Europe. This annual event for locate professionals is co-sponsored by the National Utility Locating Contractors Association (NULCA) and the Georgia Utilities Protection Center (UPC) to encourage better locates, a safer work environment and reduced damage to the utility infrastructure. This competition provides an opportunity to recognize the great work of individuals and a profession that normally goes unnoticed unless a mistake is made, said Meghan Chestnutt, Locate Rodeo spokeswoman.

The International Utility Locate Rodeo is an opportunity for utility locators to come together and compete for the rights to be called the industrys most accurate locators… and win part of over $ 10,000 in prizes. The event is one of the greatest venues for celebrating the locating industry across the nation and also features a trade show where the top companies in the locating industry display their latest tools and technologies. The entire event emphasizes the need to be accurate as well as the importance of continuing to educate and practice industry standards.

Krylon Industrial is proud to have been the Official Marking Paint Sponsor of the Locate Rodeo since 2004. We feel this event is the perfect setting to recognize not only the skill and dedication of all locators, but also the importance of the locating industry and the job that all locators do to keep all of us safe every day, said Rick Barone, Senior Product Manager at Krylon Industrial. Locators remind me of the left tackle in football: you never hear about him until the quarterback gets sacked. And I think thats unfortunate because without locators, a lot of construction and other great work throughout the country would not get done.

As the Official Marking Paint Sponsor of the International Utility Locate Rodeo, Krylon Industrial is offering four (4) Krylon Industrial Locate Rodeo Scholarships for locators to attend the event and pit their skills against the best in the country. With the economic climate that weve experienced in the last couple of years, we wanted to do our part to give all locators and locating companies a chance to participate in Locate Rodeo, said Shelley Hoffman, Product Manager at Krylon Industrial. “And it’s easy to enter… just visit KrylonMakeYourMark.com and submit the required information on the entry form. For the winners, Krylon Industrial will pay the registration fee, their flight and hotel accommodations and they’ll get their chance to see how they stack up against the best at the 2012 International Utility Locate Rodeo. But you have to be a locator to enter,” added Hoffman.

The Krylon Industrial International Utility Locate Rodeo Scholarship Sweepstakes is open to individuals who are legal residents of the United States, are eighteen (18) years or older at the time of entry and are practicing technicians employed by a utility company, one of their locate contractors, or owners or employees of private locating companies. The entry period runs through June 17, 2012.

For more information and official rules, please visit KrylonMakeYourMark.com.

For more information on the 2012 International Utility Locate Rodeo, please visit the Official Site at LocateRodeo.com.

Financial Highlights

For the first quarter of 2012, total revenues reached $ 11.4 million, up 52.5% from $ 7.5 million recorded in the first quarter of 2011. The increase in revenue was primarily driven by an increase in sales from of our new line of interior porcelain wall tiles launched in August of 2011 coupled with an increase in sales from our higher priced premium polycrystalline porcelain floor tiles. Gross profit in the first quarter of 2012 increased to $ 4.3 million, up by 63.3% from $ 2.6 million achieved in the first quarter of 2011. Gross profit margin increased to 37.8% in the first quarter of 2012, compared to 35.3% in the same period of 2011 primarily due to the increased sales of the higher margin premium polycrystalline floor tiles.

Total operating expenses for the first quarter of 2012 decreased to $ 465,000, down 11.1% from $ 523,000 recorded in the same period in 2011. The decrease in operating expenses is largely due to a reduction in retirement insurance expenses and real estate tax expense, partially offset by an increase in employee welfare expenses.

For the first quarter of 2012, net income rose to $ 3.2 million, up 82.1% from net income of $ 1.7 million recorded in the first quarter of 2011. Net margin in the first quarter of 2012 also increased to 27.7% from 23.2% recorded in the same period in 2011. In the first quarter of 2012 we achieved earnings per basic and diluted share of $ 0.42 on 7.5 million weighted average shares outstanding. This compares to earnings of $ 2.94 per basic and diluted share on 590,033 weighted average shares outstanding. The increase in the number of common shares outstanding in the first quarter of 2012 is a result of the full conversion in January 2012 of two outstanding promissory notes for a total of 8.9 million common shares. The two promissory notes were issued in connection with our acquisition of Ziyang Ceramic Company. As of the date of this release we have 10 million shares outstanding with no additional convertible securities outstanding, excluding those covered under existing company stock option and incentive plans.

At March 31, 2012, total cash was $ 9.2 million, an increase of 56.9% from $ 5.9 million in total cash at December 31, 2011. Current assets were $ 15.9 million at March 31, 2012 compared to current assets of $ 14.1 million at December 31, 2011. Total shareholder equity increased to $ 24.9 million, up 14.5% compared to shareholder equity of $ 21.7 million at December 31, 2011.

Commenting on the financial results for the first quarter of 2012, Mr. Lingbo Chi, CEO of Ziyang Ceramics, stated, “We are extremely pleased with our achievements in this quarter as we set the stage for the remainder of 2012. Our new products and higher end tile offerings are beginning to pay dividends for us as we increase sales margins and our bottom line results. We continue to grow our distribution base and expand our product offerings as we build for our future growth. We are confident that we have the right team and are in the right position to deliver strong top and bottom line growth throughout 2012. We look forward to building our company into one of the leading tile manufacturers in China as we look to maximize the value of our company for the benefit of our stockholders.

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Where do people want to venture to if they have a love for horses? Quintessentially Villas are experts in this area and have named five properties that can deliver just this.

California Equestrian Estate

The Royal Jewel of the Equestrian Crown, this vast estate in Santa Barbara is the one that shines the brightest! Set in 22 acres of land, California Equestrian Estate adjoins the Santa Barbara Polo & Racquet Club, boasts a private exercise field with a trail accessing the club grounds and 54-stall stables. The expansive views over the equestrian exercise field to the ocean and beyond is a truly wonderful sight! The property itself offers 6 bedrooms, a home cinema, wine cellar, infinity swimming pool, a gated entrance and ample parking space. California Equestrian Estate will give someone and their horse royal luxury!

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Home to Southern Europes leading equestrian facilities and led by a member of Spains highly regarded classical training team, Mas Mateau in Empord

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• Toscana double bench arbor with pergola style top, bronze
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Beneath the Sovereign Theater sits a long-forgotten architect’s model–the Sovereign’s miniature replica, where a troupe of mice stage their own show. But when the production is threatened by the demolition of the real theater, can the show go on? Illustrations. From the Publisher: In the heart of the great metropolis of New York City, the bright lights of Broadway shine. And down, down, down, beneath a theater known as the Sovereign, there sits a long-forgotten architect’s model — the Sovereign’s miniature replica. In this secret space, an adorable troupe of theater mice busily prepare to stage their own show, Broadway Airs. Among the cast and crew are Emil, the director; Harold, the character actor; Adelaide, the diva; and young Pippin, the intern. Rehearsals are in their usual state of chaos when suddenly the production is threatened by the imminent demolition of the theater and the devastating disappearance of Adelaide. As the clock ticks toward opening night, everyone is worried — will the little Sovereign survive? How can they pull off the most important night in mouse theater without their star? Somehow, the show must go on! In this loving spoof of life in the theater, we join a delightful cast, follow a daring adventure, and welcome a brave new hero. This delicious tribute to the Broadway musical is written by two bestselling authors who have firsthand experience of this much-adored world.

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