Thursday, October 23, 2014

FEDERATION OF GENEALOGICAL SOCIETIES ANNOUNCES 2014 ELECTION RESULTS


D. Joshua Taylor Re-Elected President; New Board Members and Directors include Melissa Tennant, Linda McCauley, and David E. Rencher

October 23, 2014 – Austin, TX. The Federation of Genealogical Societies (FGS) announces results of its recent election for FGS board members and directors. The election was conducted online September 1 – 30, 2014, with all FGS delegates eligible to vote. Office terms for those elected will begin on January 1, 2015.

With the recent election results, re-elected FGS President D. Joshua Taylor states, "I am honored to serve with such a dedicated board, and look forward to working with those elected to the Board of Directors and Executive Committee over the next two years.”

Re-Elected FGS Board Members

The following directors were re-elected to their positions:

  • Polly Fitzgerald Kimmitt, CGSM (Massachusetts) — Director
  • Randy W. Whited (Texas) — Director

New FGS Board Members

The following board members and directors were newly elected to their positions:

  • Melissa Tennant (Indiana) — Vice President of Administration
  • Linda McCauley* (Kentucky) — Secretary
  • David E. Rencher, AG, CGSM, FIGRS, FUGA (Utah) — Director
  • Cherie Bush (Utah) — Director

*McCauley was first appointed to the FGS board as a Director in early 2014 to fill a vacant position and elected Secretary in this recent election.

About the Federation of Genealogical Societies (FGS)

The Federation of Genealogical Societies (FGS) was founded in 1976 and represents the members of hundreds of genealogical societies. FGS links the genealogical community by helping genealogical societies and family history enthusiasts strengthen and grow through online resources, FGS FORUM magazine, and through its annual national conference which provides four days of excellent learning opportunities for both societies and family history enthusiasts. To learn more about FGS visit fgs.org. To learn more about the next annual conference to be held in Salt Lake City, UT, visit fgsconference.org. Also, find FGS on Facebook https://www.facebook.com/FGSgenealogy, on Twitter @FGSgenealogy and on the FGS Voice blog at http://voice.fgs.org.

Wednesday, October 22, 2014

Ancestry.com LLC Reports Third Quarter 2014 Financial Results


Q3 Non-GAAP Revenues $154.7 Million, Up 8.3% Year-Over-Year

PROVO, Utah, Oct. 22, 2014 (GLOBE NEWSWIRE) -- Ancestry.com LLC (the "Company"), the world's largest online family history resource, reported financial results today for the third quarter ended September 30, 2014.

"Ancestry.com is executing well on our mission to help everyone discover, preserve and share their family history," said Tim Sullivan, Chief Executive Officer of Ancestry.com. "We're continuing to focus on our core customers - the enthusiasts who are passionate about their family history - by adding valuable new content and features to our site, while also aggressively pursuing growth priorities designed to expand our total addressable market. These priorities include our AncestryDNA product, where we've doubled our customer base during 2014, our mobile apps, which are generating increased engagement, and our efforts to broaden category awareness, including the creation of terrific family history TV programming. Overall our business is healthy and we believe we're positioning the company to capture its long-term growth opportunities."

Third Quarter 2014 Financial Highlights

  • Total revenues and non-GAAP revenues(1) for the third quarter 2014 were each $154.7 million. Non-GAAP revenues increased 8.3% from $142.8 million in the third quarter of 2013, driven by growth in revenues from AncestryDNA and the Company's core Ancestry branded websites.
  • Net loss for the third quarter of 2014 was $(1.2) million compared to net loss of $(13.6) million in the third quarter of 2013.
  • Adjusted EBITDA(2) for the third quarter of 2014 was $55.9 million, compared to $54.8 million in the third quarter of 2013. Adjusted EBITDA for the three months ended September 30, 2014 includes $0.8 million of professional service fees related to litigation. For the three months ended September 30, 2013, adjusted EBITDA includes $1.6 million of costs associated with the dividend declared in September 2013 by our parent company, Holdings LLC, and costs associated with reorganizing our structure.
  • Free cash flow(3) totaled $31.0 million for the third quarter of 2014, compared to $54.5 million for third quarter of 2013.
  • Cash and cash equivalents totaled $106.2 million as of September 30, 2014.
  • Obligations under long-term debt(4) totaled $893.9 million as of September 30, 2014.

Ancestry.com Updates

  • Subscribers - Subscribers of Ancestry websites totaled approximately 2,125,000 as of September 30, 2014, compared to 2,109,000 as of June 30, 2014.
  • Content - The Company added more than 375 million new records during the quarter. New collections added in Q3 included:
  • Tens of millions of new records and rich content for the US site including Prohibition ID Cards, prison records, yearbooks, city directories, New York State collections and additional content from a relationship with the US Holocaust Memorial Museum
  • 3.3 million records added to the United Kingdom site at Ancestry.co.uk including an increase in UK military and naturalization records
  • 2.6 million records added to the Canadian site at Ancestry.ca
  • 1.2 million records added to the Australia site at Ancestry.com.au
  • AncestryDNA has more than doubled its customer base since the beginning of 2014.

____________________________________________________
1 Non-GAAP revenues are defined as the revenues that would have been recognized, except for the write-down of deferred revenue to fair value as a result of the application of purchase accounting for the acquisition of Ancestry.com Inc. by a company controlled by Permira funds and co-investors (the "Transaction").

2 Adjusted EBITDA is defined as net income (loss) plus non-cash adjustments to revenue from purchase accounting, interest expense, net; other (income) expense; income tax expense (benefit); and non-cash charges including depreciation, amortization and stock-based compensation expense.

3 Free cash flow subtracts from adjusted EBITDA capitalization of content databases, purchases of property and equipment and cash received (paid) for income taxes and interest.

4 This amount does not include $400.0 million in senior unsecured PIK notes issued by our parent company, Ancestry.com Holdings LLC. While not required, Ancestry.com LLC intends to make dividends to its parent in order to fund cash interest payments of these notes.

Conference Call & Webcast

Ancestry.com will host a conference call today at 3:00 p.m. MT (5:00 p.m. ET). Participants can access the conference call by dialing 315-625-6887 approximately ten minutes prior to the start time.

Use of Non-GAAP Measures

The Company believes that non-GAAP revenues, adjusted EBITDA and free cash flow are useful measures of operating performance because they exclude items that the Company does not consider indicative of its core performance. Non-GAAP revenues are calculated by adding the effects of non-cash adjustments to revenue from purchase accounting for the Transaction. In the case of adjusted EBITDA, net income (loss) is adjusted for such expenses as non-cash adjustments to revenue from purchase accounting, interest expense, net; other (income) expense, net; income tax expense (benefit); and non-cash charges including depreciation, amortization and stock-based compensation expense. Free cash flow subtracts from adjusted EBITDA the capitalization of content databases, purchases of property and equipment and cash received (paid) for income taxes and interest. However, these non-GAAP measures should be considered in addition to, not as a substitute for or superior to, total revenues, net income (loss) and net cash provided by operating activities, or other financial measures prepared in accordance with GAAP. A reconciliation to the GAAP equivalents of these non-GAAP measures is contained in tabular form on the attached unaudited summary financial statements.

The Company uses non-GAAP revenues, adjusted EBITDA and free cash flow as measures of operating performance; for planning purposes, including the preparation of the annual operating budget; to allocate resources to enhance the financial performance of its business; to evaluate the effectiveness of its business strategies; and in communications with its operating committee concerning its financial performance. The Company also uses non-GAAP revenues and adjusted EBITDA as factors when determining the incentive compensation pool.

About Ancestry.com

Ancestry.com is the world's largest online family history resource with approximately 2.7 million paying subscribers across all its websites. More than 15 billion records have been added, and users have created more than 60 million family trees to the core Ancestry websites, including its flagship site www.ancestry.com and its affiliated international websites. Additionally, Ancestry.com offers a suite of online family history brands, including Archives.com, Fold3.com, Newspapers.com, as well as the AncestryDNA product, sold by Ancestry.com DNA, LLC, which, along with its core Ancestry websites, are all designed to empower people to discover, preserve and share their family history.

Forward-Looking Statements

This press release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from those anticipated in these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "appears," "may," "designed," "expect," "intend," "focus," "seek," "anticipate," "believe," "estimate," "predict," "potential," "should," "continue" or "work" or the negative of these terms or other comparable terminology. These statements include statements describing the Company's subscriber base, future earnings, growth outlook and financial and operating performance, its business outlook, its leadership position and its opportunities and prospects for growth, including growth in revenues, adjusted EBITDA and number of subscribers. These forward-looking statements are based on information available to the Company as of the date of this press release. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks and uncertainties include a variety of factors, some of which are beyond the Company's control. In particular, such risks and uncertainties include the Company's continued ability to attract and retain subscribers; continued service outages or a significant disruption in service on its websites; its continued ability to acquire content and make it available online; its ability to add tools and features and provide value to satisfy customer demand; difficulties encountered in integrating acquired businesses and retaining customers; the timing and amount of investments in the Company's DNA service; market conditions; the Company's substantial debt obligations as a result of the Transaction; its intention to pay dividends to its parent in order to service its parent's indebtedness; the availability of cash and credit; the adverse impact of competitive product announcements; failure to achieve anticipated revenues, adjusted EBITDA and operating performance; changes in overall economic conditions; the loss of key employees; competitors' actions; pricing and gross margin pressures; inability to control costs and expenses; and significant litigation. Information concerning additional factors that could cause events or results to differ materially from those projected in the forward-looking statements is contained under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the period ended June 30, 2014, which was filed with the Securities and Exchange Commission on August 4, 2014, and in discussions in other of our Securities and Exchange Commission filings.

These forward-looking statements should not be relied upon as representing our views as of any subsequent date and we assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.

Association of Professional Genealogists Offers Limited-Time Discount on New Membership and PMC Registration

APG Professional Management Conference 8-9 January 2015


Unique, Professionally-Focused Educational and Networking Opportunity for Those Interested in Genealogy; Savings for New Registrations Runs One Week Only

WHEAT RIDGE, Colo., 22 October 2014 −The Association of Professional Genealogists (APG®) today announced a discounted, limited-time bundle that includes 1-year membership in APG and registration to APG’s Professional Management Conference (PMC) being held in January 2015. This week only—Wednesday 22 October to Wednesday, 29 October 2014—registrants can receive a new APG membership plus full-conference registration for PMC for $245, which is $20 off the cost if purchased separately.

Themed “Professional-Grade Genealogy,” the conference will be held 8–9 January 2015 at the Hilton Hotel in downtown Salt Lake City, Utah. Register for this special bundle at www.apgen.org/conferences/special.html.

“Membership in the Association of Professional Genealogists is key to the educational and networking needs of professional genealogists,” said APG President Kimberly Powell. “APG’s Professional Management Conference pairs advanced lectures with unique networking opportunities, appealing to the needs of professionals of all skill levels. If you’re new to professional genealogy or know someone interested in APG membership, this week’s offer makes now an excellent time to join.”

PMC 2015 – A Must-Attend Event

The 2015 PMC is the only genealogical conference focused on providing professional genealogists with opportunities for networking, advanced education, and professional and business development:
  • Keynote by Tim Sullivan, President and Chief Executive Officer of Ancestry.com, who brings a unique perspective on business, genealogy, and the professional genealogists’ vital role in the industry. Ancestry ProGenealogists is a Diamond-Level PMC sponsor.
  • 15 breakout sessions offer training on key topics for professional genealogists: DNA, time management, genealogical standards, citation writing, having difficult conversations, setting fees, adoption research, and professional writing and speaking.
  • Lunch with FamilySearch's Chief Genealogical Officer, David Rencher, AG, CG. PMC Diamond-Level sponsor FamilySearch is supplementing the cost of lunch on Thursday, 8 January -- making this plated lunch just $10 per person! Seats are limited and open only to PMC registrants.
  • New in 2015, PMC Poster Sessions offer one-of-a-kind networking opportunities by providing PMC attendees with an informal, interactive opportunity to showcase research, share work, and exchange ideas.
  • Complimentary attendee-benefits from PMC Platinum-Level sponsors: One-year subscription to online data-backup service BackBlaze (value $50). Registration to online course “Business Skills: Business Administration” from The National Institute for Genealogical Studies ($89 value).
  • The annual APG member meeting and the complimentary APG reception.
  • And MUCH more!
Register today for PMC 2015 and a 1-year APG membership at www.apgen.org/conferences/special.html. The website also includes full conference details, class descriptions, speaker bios and more.

The new-member-and-PMC-registration offer will run from 22—29 October 2014 and applies only to applicants who are not currently members of APG (and/or have not been for the past two years). Applicants must sign up for APG membership and a full PMC registration to receive the discount.

Breakout Sessions Will Include:
  • Thomas Jones, Ph.D., CG, CGL, FASG, FUGA, FNGS—You’ve Got Options: Many Ways to Cite Right (3-hour workshop)
  • Angie Bush, MS—DNA and Genealogical Proof
  • CeCe Moore—Genealogy Professionals Needed: How Adoptees Discover their Genealogical Roots (2-hour workshop)
  • Judy G. Russell, JD, CG, CGL—Finding the Law
  • Elissa Scalise Powell, CG, CGL—(1) Measuring Yourself against Standards: A Practical Guide for Improving Your Skills (2-hour workshop) and (2) Get Paid for Your Passion: Setting Fees
  • Angela Packer McGhie—Time Management: Successfully Balancing the Demands of Our Many "Clients"
  • Kimberly Powell—Organizing Your Research and Writing with Scrivener
  • James M. Beidler—(1) Finding Your Niche: Matching Passion, Professionalism, and Pecuniary Interest and (2) Taxes and the Professional Genealogist
  • Anastasia Harman—Professional Writing Foundations: 5 Ways to Improve Your Writing Today (2-hour workshop)
  • Ron Arons, MBA—Mind Maps for Genealogy
  • Thomas MacEntee—Self-Publishing for Genealogists
  • Billie Stone Fogarty, MEd—So You Want to be a Genealogical Speaker
  • Christina Grover—How to Have Difficult Conversations with Clients and Colleagues
About the Association of Professional Genealogists

The Association of Professional Genealogists, established in 1979, represents more than 2,700 genealogists, librarians, writers, editors, historians, instructors, booksellers, publishers, and others involved in genealogy-related businesses. APG encourages genealogical excellence, ethical practice, mentoring and education. The organization also supports the preservation and accessibility of records useful to the fields of genealogy and history. Its members represent all fifty states, Canada, and thirty other countries. APG is active on LinkedIn, Twitter, and Facebook.

Tuesday, October 21, 2014

Genealogy Gems Launches Free Genealogy Book Club

Dallas, Texas, USA - October 21, 2014: Lisa Louise Cooke’s Genealogy Gems is pleased to announce the launch of the FREE Genealogy Gems Book Club, which features great reads for genealogy lovers.

“This is an idea we’ve been percolating on for quite a while,” says Gems owner-producer Lisa Louise Cooke. “People are always sending me the names of books they love. I also hear from publishers and the authors themselves. We thought it would be great to share these books more widely.”

The Genealogy Gems Book Club is a virtual, no-commitment option that features a different book every three months. “We focus on mainstream nonfiction and fiction titles that explore themes we care about, like family ties, heritage and history,” explains Lisa. “These are books we want to read for pleasure and recommend to anyone, not just other genealogy lovers.”

Lisa’s favorite part of the Genealogy Gems Book Club is the exclusive author interviews that will appear on the Genealogy Gems free and Premium podcasts in the third month of the featured book (after people have had time to read it). “The podcast format is all about conversation,” she says. “I’ve learned in the past that my listeners love interviews with authors, whether they’ve read the book or not.”

The FIRST FEATURED BOOK is She Left Me the Gun: My Mother's Life Before Me by award-winning U.K. journalist Emma Brockes. It recounts the author’s discovery of her mother’s traumatic childhood in South Africa.

“This is a genealogical journey, complete with trips to archives, poring over old court cases and dramatic reveals,” says Genealogy Gems Contributing Editor and Book Club Guru Sunny Morton. “It's also about learning the past from living relatives. This is the ultimate how-to book for exploring and sharing sensitive family stories because she shows you how it’s done.”

To follow the Genealogy Gems Book Club, go to the Genealogy Gems website (http://lisalouisecooke.com) and sign up to receive Lisa’s FREE monthly newsletter, which announces new podcast episodes and highlights of the Gems blog. OR Check in periodically at the Genealogy Gems Book Club webpage (http://lisalouisecooke.com/genealogy-book-club/), which summarizes all books covered to date and includes additional recommendations.

Here’s how the three-month cycle works:

  • In the first month, Sunny will introduce a new title on the Genealogy Gems free podcast, the Premium Podcast and on the Genealogy Gems blog. She will share a quick run-down on the book and why she recommends it.
  • In the second month, Sunny will share a gem from the book and recommend other titles for those looking for something else to read.
  • In the third month, the author will join the Genealogy Gems podcast for an exclusive interview. Excerpts from the interview will run on the free podcast and the entire interview will air on the Genealogy Gems Premium Podcast.

About Lisa Louise Cooke’s Genealogy Gems:

Lisa Louise Cooke’s Genealogy Gems teaches genealogists to discover, organize and share their family stories. The Genealogy Gems Podcast is a popular online genealogy audio show that brings genealogy news, research strategies, expert interviews and inspiration to genealogists in 75 countries around the world and recently surpassed 1.5 million downloads (available at www.GenealogyGems.com, in iTunes, and through the Genealogy Gems app). Lisa has authored a variety of multi-media materials including the Genealogy Gems Premium website/podcast subscription, the popular video series Google Earth for Genealogy and four books: Turn Your iPad into a Genealogy Powerhouse, How to Find Your Family History in Newspapers, The Genealogist’s Google Toolbox and Genealogy Gems: Ultimate Research Strategies. She is a sought-after speaker internationally and has partnered with industry leaders like Family Tree Magazine and RootsTech to bring more technologies to more family historians worldwide.

Authors interviewed on past podcasts include Steve Luxenberg (Annie’s Ghosts: A Journey into a Family Secret), Leslie Albrecht Huber (The Journey Takers), and Jennifer Wilson (Running Away to Home: Our Family’s Journey to Croatia in Search of Who We Are, Where We Came From and What Really Matters).