PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | OTC, SmallCap  | Earnings

Capitol Bancorp Reports First Quarter Results

Share with Twitter Share with LinkedIn

LANSING, Mich., May 3, 2012 /PRNewswire/ --  A net loss of $7.9 million, or ($0.19) per share, was reported for the first quarter of 2012, compared to a net loss of $16.6 million, or ($0.52) per share, exclusive of a one-time gain related to an exchange of trust preferred securities, for the corresponding period in 2011 and a net loss of $6.5 million, or ($0.16) per share in the fourth quarter of 2011.  The following contributed to the operating results for the first quarter, and were the key factors that favorably impacted performance.

  • After removing the impact of bank divestitures:
    • The provision for loan losses decreased 90 percent from the same quarter of 2011.
    • Employee compensation and benefits expense decreased 13 percent from the same period in 2011.
    • Total operating expenses declined nearly 24 percent year-over-year.
    • On a linked-quarter basis, comparable positive trends were reflected in the provision for loan losses (down nearly 69 percent) and total operating expenses (down 7 percent).

Consolidated assets declined nearly 36 percent to approximately $2.1 billion at March 31, 2012 from the nearly $3.2 billion reported at March 31, 2011, and nearly 7 percent on a linked-quarter basis from $2.2 billion reported at December 31, 2011, as a result of bank divestitures and ongoing balance sheet deleveraging strategies.  Eliminating the effect of bank divestitures, total portfolio loans decreased 21 percent to about $1.6 billion at March 31, 2012, from nearly $2.0 billion reported at March 31, 2011.  Despite this decline, a continued focus on higher levels of corporate-wide liquidity and early signs of economic improvement in certain markets has enabled the Corporation to prudently manage its earning-assets profile and stabilize its net interest margin at or around 3.0 percent over recent quarters.  Deposits reflected a 16 percent decline to $1.9 billion at March 31, 2012 from the nearly $2.3 billion reported at March 31, 2011; however, the Corporation's consistent focus on core funding sources resulted in an ongoing favorable improvement in deposit mix as noninterest-bearing deposits were in excess of 19 percent of total deposits at March 31, 2012, compared to 17 percent at March 31, 2011.

Capitol's Chairman and CEO Joseph D. Reid said, "Our focus continues to be on deleveraging the consolidated balance sheet, while also efficiently managing risk and improving liquidity.  We believe that these efforts, in addition to the bank divestitures and regional consolidations that have occurred over the past few years, will address the challenges that we continue to face in multiple markets in which our network of affiliate banks operate and help the Corporation return to fundamental performance over time."

"Although current levels of nonperforming assets remain elevated and continue to require significant capital and managerial resources, we are encouraged by positive trends in asset quality and operating performance.  These positive trends, as well as the significant steps taken by Capitol and its affiliate banks to prudently manage and de-risk the loan portfolio, are evidenced by the following improvements: seven consecutive quarters of reductions in nonperforming assets since their peak in June 2010, declines in provisions for loan losses and other real estate owned-related expenses for nine quarters since their highest level in December 2009 and three consecutive quarters of net recoveries on the sale of foreclosed properties.  Additionally, the provision for loan losses has decreased dramatically as a result of healthy reserves built up by the affiliate banks during the economic downturn, which will serve as continued support during the remainder of the economic cycle."

"Another quarter of active management and resolution-oriented focus resulted in net loan charge-offs of approximately $7.1 million for the first quarter of 2012, a decrease from $23.8 million for the corresponding period of 2011 and nearly $13.9 million linked-quarter," added Mr. Reid.  "In addition, for the first quarter of 2012, (excluding the effect of affiliate divestitures), total nonperforming loans have declined 11 percent and total nonperforming assets have fallen 6 percent.  This continued decline is encouraging and we perceive these trendlines as an indication of continued improving fundamentals."

Quarterly Performance

In the first quarter of 2012, consolidated net operating revenues from continuing operations decreased to $19.2 million from nearly $39.3 million for the corresponding period of 2011, which included a one-time gain of approximately $16.9 million related to an exchange of trust preferred securities.  The net interest margin for the three months ended March 31, 2012 was 3.12 percent, fairly consistent with the 3.15 percent reported for the same period in 2011, but a slight increase from the 2.90 percent reported for the previous quarter.  Cash and cash equivalents were $380 million, or 18 percent of consolidated total assets, at March 31, 2012.  Capitol continues to focus on liquidity to manage its balance sheet in the face of ongoing economic and other constraints, despite the negative short-term effect on net interest income and other traditional noninterest fee revenue.  Other noninterest income from continuing operations totaled nearly $3.7 million, compared to nearly $21.1 million in the comparable 2011 period, fueled in large part by the aforementioned gain on exchange of trust preferred securities.  Core noninterest revenue components, which consist primarily of trust and mortgage fees and SBA premiums, declined modestly, partially attributable to Capitol's divestiture activities, while service charges on deposit accounts remained relatively static during the first quarter of 2012.

The Corporation continues to reduce operating expenses.  Total noninterest expenses decreased in the recent quarter to approximately $27.1 million compared to nearly $35.6 million for the three months ended March 31, 2011, after eliminating the impact of bank divestitures.  Costs associated with foreclosed properties and other real estate owned decreased to $5.1 million in the first quarter of 2012, reflecting Capitol's continued efforts to work through problem asset resolution, compared to nearly $7.5 million in the year ago period, and $5.6 million reported for the previous quarter.  FDIC insurance premiums and other regulatory fees decreased from nearly $2.9 million in 2011's first quarter to approximately $1.8 million in the most recent three-month period.  Combined, these two expense areas totaled nearly $7.0 million in the most recent quarter, a decrease from the combined approximate $10.4 million level during the corresponding period of 2011.  Further, on a core, controllable-expense basis, year-over-year compensation costs declined more than 13 percent, from $13.0 million in the 2011 period to $11.3 million in 2012's first quarter. 

The first quarter 2012 provision for loan losses decreased dramatically to $1.3 million from $13.4 million for the corresponding period of 2011, and the approximate $4.3 million on a linked-quarter basis, after the impact of bank divestitures.  During the first quarter of 2012, net loan charge-offs totaled nearly $7.1 million, a significant decrease from 2011's corresponding level of $23.8 million and the linked-quarter level of approximately $13.9 million, as the Corporation continues to aggressively manage its exposure to nonperforming loans.

Continued legacy costs associated with problem asset resolution system-wide were a major reason for the core net operating loss in the most recent three-month period.  However, Capitol is encouraged that aggregate levels of nonperforming loans reflected notable declines in the first quarter when compared to year-end as follows: Arizona (down 1.0 percent), Michigan (down 17.5 percent) and Nevada (down 10.2 percent). 

Balance Sheet

Divestiture efforts and ongoing balance sheet deleveraging are focused on strengthening consolidated capital ratios, although the Corporation continues to be classified as "undercapitalized."  The challenges, and multiple efforts to address this capital-restoration priority, remain ongoing.  As of March 31, 2012, Capitol had a $204.9 million valuation allowance related to deferred tax assets, which may be released upon a sustained return to profitability.  In July 2011, Capitol announced that it had adopted a Tax Benefits Preservation Plan designed to preserve substantial tax assets.  This plan is similar to tax benefit preservation plans adopted by other public companies with significant tax attributes.  The purpose of the plan is to protect Capitol's ability to carry forward its net operating losses and certain other tax attributes for utilization in certain circumstances to offset future taxable income and reduce its federal income tax liability.

Net loan charge-offs of 1.74 percent of average loans (annualized) for the first quarter of 2012 represented a notable decrease from the 4.62 percent in the corresponding period of 2011 (excluding discontinued operations) and 3.24 percent on a linked-quarter basis.  Recent activity reflected some encouragement in the trend of a declining level of nonperforming loans in the Arizona Region (a $5.6 million decline from the amount reported at March 31, 2011), the Great Lakes Region (a $40.0 million decline from the amount reported at March 31, 2011, exclusive of discontinued operations) and the Nevada Region (a $23.6 million decline from the amount reported at March 31, 2011).  The consolidated coverage ratio of the allowance for loan losses in relation to nonperforming loans was 43.74 percent at March 31, 2012, fairly consistent with levels reported in recent quarters.  The allowance for loan losses as a percentage of portfolio loans also remained relatively constant with recent periods at 5.52 percent, compared to 5.56 percent linked-quarter, and 5.58 percent for the same period of 2011.    

Comprehensive Capital Strategy

In December 2010, Capitol announced a comprehensive capital strategy focused on the enhancement of the Corporation's capital levels.  Those initiatives are designed to augment existing strategic efforts focused on affiliate divestitures, operational cost savings, balance-sheet deleveraging and liquidity.  The Corporation successfully completed the first of these capital initiatives, an exchange of outstanding trust preferred securities for previously-unissued shares of its common stock.  On January 31, 2011, this exchange resulted in an additional $19.5 million of equity for Capitol, the issuance of approximately 19.5 million previously-unissued shares of its common stock and the elimination of approximately $2.4 million of annual interest expense in future periods.  Additional prospective debt-for-equity exchanges are being assessed, as well as potential external capital sources the Corporation continues to pursue. 

Affiliate Bank Divestitures

Capitol previously announced plans to sell its controlling interests in several affiliate banks.  In late January, Capitol completed the sale of Colorado-based Mountain View Bank of Commerce, marking the Corporation's exit from the state of Colorado.

Capitol has also entered into agreements to sell its interests in three additional affiliates in various regions of the country.  Those transactions, pending regulatory approvals (and other contingencies), represent nearly $205 million of assets.  The three pending divestitures are anticipated to be completed in 2012.

About Capitol Bancorp Limited

Capitol Bancorp Limited (OTCQB: CBCR), which was founded in 1988, is a community banking company that has a network of separately chartered banks in ten states and executive offices in Lansing, Michigan.

CAPITOL BANCORP LIMITED


SUMMARY OF SELECTED FINANCIAL DATA


(in thousands, except share and per-share data)





Three Months Ended




Year Ended



March 31




December 31



2012


2011




2011


2010









Condensed consolidated results of operations:












Interest income

$ 22,994


$ 28,359




$ 103,793


$ 128,828



Interest expense

7,423


10,141




36,568


57,063



        Net interest income

15,571


18,218




67,225


71,765



Provision for loan losses

1,326


13,429




41,362


148,275



Noninterest income

3,655


21,060




41,743


22,462



Noninterest expense

27,097


35,597




128,618


217,681



Loss from continuing operations before income












  taxes

(9,197)


(9,748)




(61,012)


(271,729)



Income from discontinued operations

149


4,748




5,948


10,111















Net income (loss) attributable to Capitol Bancorp Limited

$ (7,912)


$ 289




$ (45,427)


$ (225,215)















Net income (loss) attributable to Capitol Bancorp Limited












  per common share

$ (0.19)


$ 0.01




$ (1.17)


$ (11.16)



Book value (deficit) per common share at end of period

(2.95)


(1.50)




(2.76)


(3.10)



Common stock closing price at end of period

$ 0.34


$ 0.21




$ 0.09


$ 0.52



Common shares outstanding at end of period

41,039,000


41,123,000




41,040,000


21,615,000



Number of common shares used to compute net income












(loss) per share:












        Basic

41,020,000


32,164,000




38,817,000


20,186,000



        Diluted

41,020,000


32,875,000




38,817,000


20,186,000





























1st Quarter


4th Quarter


3rd Quarter


2nd Quarter


1st Quarter



2012


2011


2011


2011


2011


Condensed summary of consolidated financial position:












Total assets

$ 2,058,739


$ 2,205,265


$ 2,468,957


$ 2,945,859


$ 3,196,962



Portfolio loans(1)

1,572,119


1,664,209


1,758,933


1,879,686


1,996,768



Deposits(1)

1,931,362


2,009,847


2,111,418


2,208,417


2,299,503



Capitol Bancorp Limited stockholders' equity (deficit)

(115,976)


(108,084)


(95,831)


(72,421)


(56,425)



Total capital

$ 27,931


$ 40,509


$ 55,622


$ 90,157


$ 110,090














Key performance ratios:












Net interest margin

3.12%


2.90%


2.97%


2.99%


3.15%



Efficiency ratio

140.94%


113.16%


138.91%


139.60%


87.58%














Asset quality ratios:












Allowance for loan losses / portfolio loans

5.52%


5.56%


5.72%


5.60%


5.58%



Total nonperforming loans / portfolio loans

12.62%


13.45%


13.73%


13.23%


11.86%



Total nonperforming assets / total assets

14.79%


14.72%


14.23%


12.65%


12.58%



Net charge-offs (annualized) / average portfolio loans

1.74%


3.24%


5.61%


3.32%


3.78%



Allowance for loan losses / nonperforming loans

43.74%


41.33%


41.70%


42.29%


47.02%














Capital ratios:












Capitol Bancorp Limited stockholders' equity (deficit) / total assets

(5.63)%


(4.90)%


(3.88)%


(2.46)%


(1.76)%



Total equity / total assets

(5.89)%


(4.93)%


(3.79)%


(2.00)%


(1.22)%














(1) Amounts as previously reported have been adjusted to exclude amounts related to discontinued operations.




Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements include expressions such as "expect," "intend," "believe," "estimate," "may," "will," "anticipate" and "should"

and similar expressions also identify forward-looking statements which are not necessarily statements of belief as to the expected outcomes

of future events. Actual results could materially differ from those presented due to a variety of internal and external factors. Actual results

could materially differ from those contained in, or implied by, such statements. Capitol Bancorp Limited undertakes no obligation to release

revisions to these forward-looking statements or reflect events or circumstances after the date of this release.


Supplemental analyses follow providing additional detail regarding Capitol's consolidated results of operations, financial position, asset quality and other supplemental data.

 







CAPITOL BANCORP LIMITED

Condensed Consolidated Statements of Operations (Unaudited)

(in thousands, except per-share data)









Three Months Ended March 31




2012


2011


INTEREST INCOME:






    Portfolio loans (including fees)


$ 22,596


$ 27,908


    Loans held for sale


15


23


    Taxable investment securities


71


50


    Other


312


378


            Total interest income


22,994


28,359








INTEREST EXPENSE:






    Deposits


4,298


7,084


    Debt obligations and other


3,125


3,057


            Total interest expense


7,423


10,141


            Net interest income


15,571


18,218








PROVISION FOR LOAN LOSSES


1,326


13,429


            Net interest income after provision






                 for loan losses


14,245


4,789








NONINTEREST INCOME:






    Service charges on deposit accounts


816


792


    Trust and wealth-management revenue


723


944


    Fees from origination of non-portfolio residential






        mortgage loans


243


232


    Gain on sale of government-guaranteed loans


219


451


    Gain on debt extinguishment




16,861


    Other


1,654


1,780


            Total noninterest income


3,655


21,060








NONINTEREST EXPENSE:






    Salaries and employee benefits


11,333


13,042


    Occupancy


2,681


2,937


    Equipment rent, depreciation and maintenance


1,497


1,967


    Costs associated with foreclosed properties and other






        real estate owned


5,148


7,458


    FDIC insurance premiums and other regulatory fees


1,790


2,897


    Other


4,648


7,296


            Total noninterest expense


27,097


35,597


            Loss before income tax benefit


(9,197)


(9,748)


Income tax benefit


(117)


(2,226)


            Loss from continuing operations


(9,080)


(7,522)


Discontinued operations:






    Income from operations of bank subsidiaries sold


77


1,959


    Gain on sale of bank subsidiaries


126


4,368


    Less income tax expense


54


1,579


            Income from discontinued operations


149


4,748


            NET LOSS


(8,931)


(2,774)


Net losses attributable to noncontrolling interests in






    consolidated subsidiaries


1,019


3,063








      NET INCOME (LOSS) ATTRIBUTABLE TO






        CAPITOL BANCORP LIMITED


$ (7,912)


$ 289








      NET INCOME (LOSS) PER COMMON SHARE






        ATTRIBUTABLE TO CAPITOL BANCORP






        LIMITED (basic and diluted)


$ (0.19)


$ 0.01









 

CAPITOL BANCORP LIMITED


Condensed Consolidated Balance Sheets


(in thousands, except share and per-share data)








(Unaudited)





March 31,


December 31,



2012


2011


ASSETS










Cash and due from banks

$ 58,714


$ 43,613


Money market and interest-bearing deposits

321,332


343,611




Cash and cash equivalents

380,046


387,224


Loans held for sale

814


2,936


Investment securities:





    Available for sale, carried at fair value

23,089


25,082


    Held for long-term investment, carried at





      amortized cost which approximates fair value

2,722


2,737




Total investment securities

25,811


27,819


Federal Home Loan Bank and Federal Reserve





    Bank stock (carried on the basis of cost)

13,401


13,514


Portfolio loans:





    Loans secured by real estate:





        Commercial

935,932


973,045


        Residential (including multi-family)

340,656


363,802


        Construction, land development and other land

102,824


117,736




Total loans secured by real estate

1,379,412


1,454,583


Commercial and other business-purpose loans

176,825


192,851


Consumer

12,979


13,813


Other

2,903


2,962




Total portfolio loans

1,572,119


1,664,209


Less allowance for loan losses

(86,799)


(92,529)




Net portfolio loans

1,485,320


1,571,680


Premises and equipment

27,364


27,420


Accrued interest income

5,232


5,507


Other real estate owned

105,966


100,463


Other assets

14,785


17,037


Assets of discontinued operations

--


51,665







        TOTAL ASSETS

$ 2,058,739


$ 2,205,265







LIABILITIES AND EQUITY





LIABILITIES:





Deposits:





    Noninterest-bearing

$ 369,320


$ 348,817


    Interest-bearing

1,562,042


1,661,030




Total deposits

1,931,362


2,009,847


Debt obligations:





    Notes payable and short-term borrowings

50,067


60,178


    Subordinated debentures

149,181


149,156




Total debt obligations

199,248


209,334


Accrued interest on deposits and other liabilities

49,379


50,593


Liabilities of discontinued operations

--


44,138




Total liabilities

2,179,989


2,313,912







EQUITY:





Capitol Bancorp Limited stockholders' equity:





    Preferred stock (Series A), 700,000 shares authorized





      ($100 liquidation preference per share); 50,980 shares





      issued and outstanding

5,098


5,098


    Preferred stock (for potential future issuance),





      19,300,000 shares authorized; none issued and outstanding

--


--


    Common stock, no par value, 1,500,000,000 shares authorized;





      issued and outstanding:

2012 - 41,038,908 shares






2011 - 41,039,767 shares

292,163


292,135


Retained-earnings deficit

(412,758)


(404,846)


Undistributed common stock held by employee-benefit trust

(541)


(541)


Accumulated other comprehensive income

62


70


Total Capitol Bancorp Limited stockholders' equity deficit

(115,976)


(108,084)


Noncontrolling interests in consolidated subsidiaries

(5,274)


(563)




Total equity deficit

(121,250)


(108,647)







        TOTAL LIABILITIES AND EQUITY

$ 2,058,739


$ 2,205,265













 

CAPITOL BANCORP LIMITED

Allowance for Loan Losses Activity



ALLOWANCE FOR LOAN LOSSES ACTIVITY (in thousands):




Three Months Ended
March 31



2012


2011(1)






Allowance for loan losses at beginning of period


$        92,529


$      130,062






Allowance for loan losses of previously-discontinued

bank subsidiary


 

--


 

2,380






Loans charged-off:





Loans secured by real estate:





Commercial


(5,992)


(8,599)

Residential (including multi-family)


(4,708)


(7,265)

Construction, land development and other land


(2,227)


(8,225)

Total loans secured by real estate


(12,927)


(24,089)

Commercial and other business-purpose loans


(1,801)


(5,303)

Consumer


(295)


(223)

Total charge-offs


(15,023)


(29,615)

Recoveries:





Loans secured by real estate:





Commercial


2,515


995

Residential (including multi-family)


3,207


981

Construction, land development and other land


773


3,008

Total loans secured by real estate


6,495


4,984

Commercial and other business-purpose loans


1,402


776

Consumer


63


38

Other


7


1

Total recoveries


7,967


5,799

Net charge-offs


(7,056)


(23,816)

Additions to allowance charged to expense (provision

for loan losses)


 

1,326


 

13,429






Allowance for loan losses at end of period


$        86,799


$      122,055






Average total portfolio loans for the period


$   1,622,847


$   2,064,028






Ratio of net charge-offs (annualized) to average

portfolio loans outstanding


 

1.74%


 

4.62%






(1) For comparative purposes, original balances as previously reported have been adjusted to exclude amounts related to discontinued operations.

 

CAPITOL BANCORP LIMITED

Asset Quality Data



ASSET QUALITY (in thousands):




March 31,

2012


December 31,

2011






Nonaccrual loans:





Loans secured by real estate:





Commercial


$      115,735


$      122,481

Residential (including multi-family)


41,081


47,728

Construction, land development and other land


24,026


31,297

Total loans secured by real estate


180,842


201,506

Commercial and other business-purpose loans


15,064


18,002

Consumer


182


124

Total nonaccrual loans


196,088


219,632






Past due (> or = 90 days) loans and accruing interest:





Loans secured by real estate:





Commercial


696


3,778

Residential (including multi-family)


1,089


259

Construction, land development and other land


312


--

Total loans secured by real estate


2,097


4,037

Commercial and other business-purpose loans


233


148

Consumer


17


38

Total past due loans


2,347


4,223






Total nonperforming loans


$      198,435


$      223,855






Real estate owned and other

repossessed assets


 

106,031


 

100,727






Total nonperforming assets


$      304,466


$      324,582


 

CAPITOL BANCORP LIMITED

Selected Supplemental Data



EPS COMPUTATION COMPONENTS (in thousands):



Three Months Ended

March 31


2012


2011





Numerator -- net income (loss) attributable to Capitol

Bancorp Limited for the period

 

$        (7,912)


 

$            289





Denominator:




Weighted average number of common shares

outstanding, excluding unvested restricted shares

of common stock (denominator for basic earnings

per share)

 

 

 

41,020


 

 

 

32,164





Effect of dilutive securities:




Unvested restricted shares of common stock

--


711





Denominator for diluted earnings per share --




Weighted average number of common shares and

potential dilution

 

41,020


 

32,875





Number of antidilutive stock options excluded from

diluted net loss per share computation

 

2,057


 

1,716





Number of antidilutive unvested restricted shares

excluded from basic and diluted net loss per

share computation

 

 

18


 

 

30





Number of antidilutive warrants excluded from

diluted net loss per share computation

 

1,325


 

1,325





Net income (loss) per common share attributable to

Capitol Bancorp Limited:




From continuing operations

$          (0.19)


$          (0.13)

From discontinued operations

--


0.14





Total net income (loss) per common share attributable

to Capitol Bancorp Limited

 

$          (0.19)


 

$           0.01









AVERAGE BALANCES (in thousands):



Three Months Ended

March 31


2012


2011





Portfolio loans(1)

$  1,622,847


$  2,064,028

Earning assets(1)

1,995,266


2,463,559

Total assets

2,118,038


3,341,631

Deposits(1)

1,967,757


2,340,081

Capitol Bancorp Limited stockholders' equity (deficit)

(111,824)


(55,091)





(1) Amounts as previously reported have been adjusted to exclude amounts related to discontinued operations.


 

Capitol Bancorp's National Network of Community Banks


Arizona Region:

Central Arizona Bank

Scottsdale, Arizona

Sunrise Bank of Albuquerque

Albuquerque, New Mexico

Sunrise Bank of Arizona

Phoenix, Arizona



    Great Lakes Region:

Bank of Maumee

Maumee, Ohio

Bank of Michigan

Farmington Hills, Michigan

Capitol National Bank

Lansing, Michigan

Indiana Community Bank

Goshen, Indiana

Michigan Commerce Bank

Ann Arbor, Michigan



    Midwest Region:

Summit Bank of Kansas City

Lee's Summit, Missouri



Nevada Region:

1st Commerce Bank

North Las Vegas, Nevada

Bank of Las Vegas

Las Vegas, Nevada



    Northwest Region:

High Desert Bank

Bend, Oregon



    Southeast Region:

First Carolina State Bank

Rocky Mount, North Carolina

Pisgah Community Bank

Asheville, North Carolina

Sunrise Bank 

Valdosta, Georgia

 

SOURCE Capitol Bancorp Limited



RELATED LINKS
http://www.capitolbancorp.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release