Tom Luxsox Coins

Quarter Only

LECG Corporation Reports Third Quarter 2009 Results

"Our third quarter performance largely reflected the ongoing industry-wide weakness in demand, a condition that we believe may persist into the fourth quarter," said Michael Jeffery, LECG's chief executive officer. "Although we see encouraging activity in some of our business sectors, the overall environment led us to further reduce our costs during the quarter. We remain enthusiastic about LECG's future, particularly with the proposed SMART/LECG merger. We believe the anticipated combination of synergies from cost savings and cross-selling along with LECG's portfolio of highly regarded experts should position us well for a return to revenue growth and profitability."

Third Quarter 2009 Financial Results

Third quarter 2009 revenues decreased 7.6 percent to $62.7 million compared with $67.9 million in the second quarter of 2009, and fell 27.1 percent versus $86.1 million in the third quarter 2008.

Results for the third quarter of 2009 reflect pre-tax charges of $4.0 million in restructuring charges, $8.7 million in other impairments, $0.1 million in divestiture charges, $0.9 million in merger-related costs and a $2.2 million net benefit from the reversal of equity-based compensation. In addition, the company has re-assessed its ability to realize its deferred tax assets in light of the current economic environment and the loss position of the company. During the quarter, the company recorded a valuation allowance of $51.8 million against its net deferred tax assets. Including these net charges, the third quarter net loss was $63.5 million or $2.48 per share. This compares to a net loss of $6.5 million or $0.25 per share in the second quarter of 2009, and net income of $2.0 million or $0.08 per diluted share in the third quarter of 2008. Excluding these net charges, adjusted net loss was $3.8 million or $0.15 per share for the quarter.

Adjusted EBITDA for the third quarter of 2009 was a loss of $3.8 million, compared to a loss of $1.8 million for the second quarter of 2009, and income of $5.0 million for the third quarter of 2008.

Third Quarter 2009 Segment Results

Economics Services (Economics)

LECG's Economics segment consists of the company's global competition, securities, regulated industries, energy and environment, and labor sectors. Economics revenues were $25.6 million in the third quarter of 2009, representing 40.8 percent of total revenues versus 42.7 percent of total revenues in the second quarter of 2009. Net fee-based revenues for the segment were $24.8 million in the quarter, down from $28.2 million in the second quarter of 2009, driven by the continued decline in global competition and partially offset by strength in regulated industries. Economics gross profit was $6.2 million, or 41.0 percent of total gross profit in the quarter. Direct profit margin was 25.0 percent, down from 30.9 percent in the second quarter of 2009. Professional staff utilization was 64.6 percent.

Finance and Accounting Services (FAS)

LECG's FAS segment consists of the company's forensic accounting, intellectual property, healthcare, higher education, international FAS, financial services, and electronic discovery sectors. FAS revenues were $37.2 million in the third quarter of 2009, or 59.2 percent of total revenues versus 57.3 percent of total revenues in the second quarter of 2009. Net fee-based revenues for the segment were $35.4 million in the quarter, down $1.9 million from the second quarter of 2009, as weakness in forensic accounting and intellectual property offset our strength in financial services, healthcare and electronic discovery. FAS gross profit was $8.9 million, or 59.0 percent of total gross profit in the quarter. The direct profit margin was 25.1 percent, up from 23.2 percent in the second quarter of 2009. Professional staff utilization was 70.1 percent.

Nine Month Financial Results

Revenues for the nine months ended September 30, 2009 decreased 25.9 percent to $196.9 million from $265.6 million for the same period in 2008.

Net loss for the nine months ended September 30, 2009 was $73.8 million compared to net income of $8.6 million reported for the same period last year. Net loss per share was $2.89 for the first nine months of 2009 versus net income of $0.34 per diluted share for the same period a year ago. Adjusted net loss per share was $0.41 for the first nine months of 2009 compared with adjusted net income per diluted share of $0.35 for the first nine months of 2008.

Adjusted EBITDA for the nine months ended September 30, 2009 was a loss of $10.3 million compared to income of $19.5 million of adjusted EBITDA for the same period of 2008.

Conference Call Webcast Information

LECG Corporation will host a conference call and live webcast to discuss these results at 5:00 p.m. Eastern time today. Domestic callers may access this conference call by dialing 877-719-9796. International callers may access the call by dialing 719-325-4830. For a replay of this teleconference, please call 888-203-1112 or 719-457-0820, and enter the passcode 8548175. The replay will be available through November 2, 2009. The webcast will be accessible through the investor relations section of the company's website, www.lecg.com.

Forward-Looking Statements

Statements in this press release and the related conference call concerning the proposed transaction and future business, operating and financial condition of the company, including expectations regarding revenues and net income for future periods, statements concerning the plans and objectives of LECG's management for future operations, statements of the assumptions underlying or relating to any forward looking statement, statements regarding the timing or completion of the transactions, and statements using the terms "believes," "expects," "will," "could," "plans," "anticipates," "estimates," "predicts," "intends," "potential," "continue," "should," "may," or the negative of these terms or similar expressions are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations. These statements are subject to risks and uncertainties that may cause actual results to differ materially from those expectations. Risks that may affect actual performance include the ongoing economic downturn and adverse economic conditions, dependence on key personnel, the cost and contribution of acquisitions, risks inherent in international operations, management of professional staff, dependence on growth of the company's service offerings, the company's ability to integrate new experts successfully, intense competition, and potential professional liability, the company's ability to integrate the operations of SMART, the failure to achieve the costs savings and other synergies LECG expects to result for the transactions, the outcome of any legal proceedings instituted against the company, SMART and others in connection with the transactions, the failure of the transactions to close for any reason, the amount of the costs, fees, expenses and charges relating to the transactions, business uncertainty and contractual restrictions prior to the closing of the transactions, the effect of war, terrorism or catastrophic events, stock price, foreign currency exchange and interest rate volatility. Further information on these and other potential risk factors that could affect the company's financial results is included in the company's filings with the Securities and Exchange Commission. The company undertakes no obligation to update any of its forward-looking statements after the date of this press release.

About LECG

LECG, a global expert services and consulting firm, with approximately 700 experts and professionals in 31 offices around the world, provides independent expert testimony, financial advisory services, original authoritative studies, and strategic advisory services to clients including Fortune Global 500 corporations, major law firms, and local, state, and federal governments and agencies worldwide. LECG's highly credentialed experts and professional staff conduct economic and financial analyses to provide objective opinions and advice regarding complex disputes and inform legislative, judicial, regulatory, and business decision makers. LECG's experts are renowned academics, former senior government officials, experienced industry leaders, and seasoned consultants.

Additional information and where to find it

LECG has filed a preliminary proxy statement with the Securities and Exchange Commission and intends to file a revised proxy statement and other relevant materials in connection with the transactions. When finalized, the proxy statement will be mailed to the stockholders of LECG. Before making any voting or investment decision with respect to the transactions, investors and stockholders of LECG are urged to carefully read the final proxy statement and the other relevant materials when they become available because they will contain important information about the proposed transactions. The proxy statement and other relevant materials (when they become available), and any other documents filed by LECG with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov. In addition, investors and stockholders of LECG may obtain free copies of the proxy statement (when available) and other documents filed by LECG with the SEC from LECG's website at www.lecg.com.

Participants in the solicitation

LECG and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the LECG's stockholders in connection with the transactions. Information about LECG's directors and executive officers is set forth in the preliminary proxy statement on Schedule 14A for LECG filed with the SEC on September 25, 2009, in the proxy statement on Schedule 14A for LECG's 2008 Annual Meeting of Stockholders filed on April 25, 2008 and in the amended Annual Report on Form 10-K filed on April 29, 2009. Additional information regarding the interests of participants in the solicitation of proxies in connection with the transactions will be included in the proxy statement that LECG intends to file with the SEC. Stockholders may obtain additional information regarding the direct and indirect interests of LECG and its directors and executive officers with respect to the transactions by reading the proxy statement once it is available and the other filings referred to above.

No offer or solicitation

This is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction.

LECG CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three months ended Nine months ended September 30, September 30, -------------------- -------------------- 2009 2008 2009 2008 --------- --------- --------- --------- Fee-based revenues, net $ 60,192 $ 83,221 $ 189,578 $ 255,751 Reimbursable revenues 2,531 2,829 7,319 9,880 --------- --------- --------- --------- Revenues 62,723 86,050 196,897 265,631 Direct costs 45,116 55,581 142,844 169,929 Reimbursable costs 2,512 3,058 7,703 10,069 --------- --------- --------- --------- Cost of services 47,628 58,639 150,547 179,998 Gross profit 15,095 27,411 46,350 85,633 Operating expenses: General and administrative expenses 17,518 21,831 55,125 65,297 Depreciation and amortization 1,239 1,498 3,849 4,459 Other impairments 8,719 - 9,939 - Restructuring charges 4,019 - 5,479 - Divestiture charges 124 - 1,863 - --------- --------- --------- --------- Operating (loss) income (16,524) 4,082 (29,905) 15,877 Interest income 32 113 122 350 Interest expense (659) (122) (1,617) (533) Other expense, net (135) (716) (581) (1,233) --------- --------- --------- --------- (Loss) income before income taxes (17,286) 3,357 (31,981) 14,461 Income tax expense 46,229 1,362 41,784 5,870 --------- --------- --------- --------- Net (loss) income $ (63,515) $ 1,995 $ (73,765) $ 8,591 ========= ========= ========= ========= Earnings per share: Basic $ (2.48) $ 0.08 $ (2.89) $ 0.34 Diluted $ (2.48) $ 0.08 $ (2.89) $ 0.34 Shares used in calculating earnings per share Basic 25,654 25,340 25,515 25,316 Diluted 25,654 25,526 25,515 25,528 LECG CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share data) (unaudited) September 30, December 31, 2009 2008 Assets ------------- ------------- Current assets: Cash and cash equivalents $ 7,246 $ 19,510 Accounts receivable, net 86,791 87,122 Prepaid expenses 5,494 5,996 Deferred tax assets, net - current portion - 14,123 Signing, retention and performance bonuses - current portion 14,499 15,282 Income taxes receivable 13,614 7,662 Other current assets 4,392 2,447 Note receivable - current portion 540 518 ------------- ------------- Total current assets 132,576 152,660 Property and equipment, net 8,456 11,011 Goodwill 1,800 - Other intangible assets, net 3,256 3,790 Signing, retention and performance bonuses 21,633 34,976 Deferred compensation plan assets 9,711 9,684 Note receivable 1,503 1,946 Deferred tax assets, net - 36,952 Other long-term assets 5,320 5,188 ------------- ------------- Total assets $ 184,255 $ 256,207 ============= ============= Liabilities and stockholders' equity Current liabilities: Accrued compensation $ 36,740 $ 49,313 Accounts payable and other accrued liabilities 10,865 11,493 Payable for business acquisitions - current portion 1,700 3,846 Borrowings under line of credit 16,000 - Deferred revenue 2,741 2,450 Liability associated with divestiture - 2,642 ------------- ------------- Total current liabilities 68,046 69,744 Payable for business acquisitions 1,155 1,055 Deferred compensation plan obligations 9,900 9,632 Deferred rent 6,412 6,601 Other long-term liabilities 1,374 569 ------------- ------------- Total liabilities 86,887 87,601 ------------- ------------- Commitments and contingencies - - Stockholders' equity Common stock, $.001 par value, 200,000,000 shares authorized, 25,841,017 and 25,559,253 shares outstanding at September 30, 2009 and December 31, 2008, respectively 26 26 Additional paid-in capital 173,679 172,005 Accumulated other comprehensive loss (554) (1,407) Accumulated deficit (75,783) (2,018) ------------- ------------- Total stockholders' equity 97,368 168,606 ------------- ------------- Total liabilities and stockholders' equity $ 184,255 $ 256,207 ============= ============= LECG CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Nine months ended September 30, -------------------- 2009 2008 --------- --------- Cash flows from operating activities Net (loss) income $ (73,765) $ 8,591 Adjustments to reconcile net (loss) income to net cash used in operating activities: Bad debt expense 99 99 Depreciation and amortization of property and equipment 3,315 3,370 Amortization of intangible assets 534 1,089 Amortization of signing, retention and performance bonuses 13,338 12,391 Deferred taxes 51,775 - Non cash restructuring charges 1,234 - Divestiture charges 1,739 - Other impairments 9,939 - Equity-based compensation 2,463 4,900 Excess tax benefits from equity-based compensation - (40) Other - 58 Changes in assets and liabilities: Accounts receivable (1,679) (8,422) Signing, retention and performance bonuses paid (9,804) (14,983) Prepaid and other current assets 1,778 401 Accounts payable and other accrued liabilities (1,872) 3,146 Income taxes (7,544) (1,550) Accrued compensation (11,890) (6,838) Deferred revenue 345 134 Deferred compensation plan assets, net of liabilities 241 (613) Deferred rent (875) (668) Other assets 894 (3,913) Other liabilities 608 282 --------- --------- Net cash used in operating activities (19,127) (2,566) --------- --------- Cash flows from investing activities Business acquisitions earn out payments (3,885) (4,736) Divestiture payments (3,210) - Purchase of property and equipment (1,053) (2,156) Proceeds from note receivable 422 399 Proceeds from divestiture 619 - Other 8 (46) --------- --------- Net cash used in investing activities (7,099) (6,539) --------- --------- Cash flows from financing activities Borrowings under revolving credit facility 43,000 55,000 Repayments under revolving credit facility (27,000) (55,000) Payment of loan fees (2,243) - Proceeds from exercise or issuance of stock to employee and other - 43 Excess tax benefits from equity-based compensation - 40 Proceeds from issuance of stock - employee stock purchase plan 30 66 --------- --------- Net cash provided by financing activities 13,787 149 --------- --------- Effect of exchange rates on changes in cash 175 (341) --------- --------- Decrease in cash and cash equivalents (12,264) (9,297) Cash and cash equivalents, beginning of year 19,510 21,602 --------- --------- Cash and cash equivalents, end of period $ 7,246 $ 12,305 ========= ========= Supplemental disclosure Cash paid for interest $ 1,014 $ 381 ========= ========= Cash paid for income taxes $ 1,900 $ 7,327 --------- --------- LECG CORPORATION AND SUBSIDIARIES SEGMENT OPERATING RESULTS ($ in thousands, except rate amounts) (unaudited) Three months ended September 30, ---------------------------------------------------------- 2009 2008 ---------------------------- ---------------------------- Finance and Finance and Economics Accounting Total Economics Accounting Total -------- -------- -------- -------- -------- -------- Fee-based revenues, net $ 24,808 $ 35,384 $ 60,192 $ 36,658 $ 46,563 $ 83,221 Reimbursable revenues 765 1,766 2,531 745 2,084 2,829 -------- -------- -------- -------- -------- -------- Revenues 25,573 37,150 62,723 37,403 48,647 86,050 Direct costs 18,598 26,518 45,116 23,525 32,056 55,581 Reimbursable costs 752 1,760 2,512 945 2,113 3,058 -------- -------- -------- -------- -------- -------- Gross profit $ 6,223 $ 8,872 $ 15,095 $ 12,933 $ 14,478 $ 27,411 Direct profit margin (1) 25.0% 25.1% 25.0% 35.8% 31.2% 33.2% Gross margin 24.3% 23.9% 24.1% 34.6% 29.8% 31.9% Operating statistics Paid days 66 66 66 66 66 66 Billable headcount, period end 239 447 686 298 503 801 Billable headcount, period average 246 449 695 296 490 786 Billable FTEs, period average (2) 200 365 565 241 379 620 Average billable rate $ 349 $ 280 $ 305 $ 358 $ 319 $ 335 Paid utilization rate of billable FTEs (3) 67.4% 65.5% 66.2% 80.6% 73.0% 75.9% Expert headcount, period end 105 200 305 121 208 329 Expert FTEs, period average (2) 60 127 187 64 110 174 Jr/SR staff paid utilization rate (3) 64.6% 70.1% 68.1% 78.2% 72.9% 75.0% LECG CORPORATION AND SUBSIDIARIES SEGMENT OPERATING RESULTS (CONTINUED) ($ in thousands, except rate amounts) (unaudited) Nine months ended September 30, ---------------------------------------------------------- 2009 2008 ---------------------------- ---------------------------- Finance and Finance and Economics Accounting Total Economics Accounting Total -------- -------- -------- -------- -------- -------- Fee-based revenues, net $ 81,100 $108,478 $189,578 $114,280 $141,471 $255,751 Reimbursable revenues 2,379 4,940 7,319 3,558 6,322 9,880 -------- -------- -------- -------- -------- -------- Revenues 83,479 113,418 196,897 117,838 147,793 265,631 Direct costs 58,393 84,451 142,844 74,557 95,372 169,929 Reimbursable costs 2,607 5,096 7,703 3,818 6,251 10,069 -------- -------- -------- -------- -------- -------- Gross profit $ 22,479 $ 23,871 $ 46,350 $ 39,463 $ 46,170 $ 85,633 Direct profit margin (1) 28.0% 22.1% 24.7% 34.8% 32.6% 33.6% Gross margin 26.9% 21.0% 23.5% 33.5% 31.2% 32.2% Operating statistics Paid days 195 195 195 195 195 195 Billable headcount, period end 239 447 686 298 503 801 Billable headcount, period average 262 470 732 301 486 786 Billable FTEs, period average (2) 212 380 592 250 387 637 Average billable rate $ 354 $ 283 $ 310 $ 364 $ 320 $ 338 Paid utilization rate of billable FTEs (3) 69.4% 64.6% 66.3% 80.5% 73.3% 76.1% Expert headcount, period end 105 200 305 121 208 329 Expert FTEs, period average (2) 63 134 196 68 112 180 Jr/SR staff paid utilization rate (3) 66.7% 68.6% 67.9% 77.7% 72.1% 74.3% LECG CORPORATION AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (in thousands, except per share data) Three months ended Nine months ended September 30, September 30, ---------------------- ---------------------- 2009 2008 2009 2008 ---------- ---------- ---------- ---------- Fee-based revenues, net $ 60,192 $ 83,221 $ 189,578 $ 255,751 Direct costs 45,116 55,581 142,844 169,929 ---------- ---------- ---------- ---------- Direct profit $ 15,076 $ 27,640 $ 46,734 $ 85,822 ========== ========== ========== ========== Direct profit margin (1) 25.0% 33.2% 24.7% 33.6% Three months ended Nine months ended September 30, September 30, ---------------------- ---------------------- 2009 2008 2009 2008 ---------- ---------- ---------- ---------- Net (loss) income $ (63,515) $ 1,995 $ (73,765) $ 8,591 Adjustments to net (loss) income Other impairments 8,719 - 9,939 - Restructuring charges 4,019 - 5,479 - Divestiture charges 124 - 1,863 - Merger-related costs 942 - 942 - Deferred compensation plan 41 118 319 421 Equity-based compensation benefit (8) (2,210) - (2,210) - Deferred tax valuation allowance 51,775 - 51,775 - Income tax benefit (4) (3,743) (48) (4,734) (170) ---------- ---------- ---------- ---------- Adjusted (loss) income (5) $ (3,848) $ 2,065 $ (10,392) $ 8,842 ========== ========== ========== ========== Adjusted (loss) income per diluted share (5)(7) $ (0.15) $ 0.08 $ (0.41) $ 0.35 Shares used in calculating earnings per share Diluted 25,654 25,526 25,515 25,528 LECG CORPORATION AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (CONTINUED) ($ in thousands) Three months ended Nine months ended September 30, September 30, ---------------------- ---------------------- 2009 2008 2009 2008 ---------- ---------- ---------- ---------- Net (loss) income $ (63,515) $ 1,995 $ (73,765) $ 8,591 Income tax expense 46,229 1,362 41,784 5,870 Interest expense, net 627 9 1,495 183 Depreciation and amortization 1,239 1,498 3,849 4,459 ---------- ---------- ---------- ---------- EBITDA (6) (15,420) 4,864 (26,637) 19,103 Adjustments to EBITDA Other impairments 8,719 - 9,939 - Restructuring charges 4,019 - 5,479 - Divestiture charges 124 - 1,863 - Merger-related costs 942 - 942 - Deferred compensation plan 41 118 319 421 Equity-based compensation benefit (8) (2,210) - (2,210) - ---------- ---------- ---------- ---------- Adjusted EBITDA (6) $ (3,785) $ 4,982 $ (10,305) $ 19,524 ========== ========== ========== ========== (1) Fee-based revenues, net less direct costs as a percentage of fee-based revenues, net. (2) Full Time Equivalents (FTEs) are calculated by dividing actual total paid hours in the period by the number of paid days in the period times eight hours per day, assuming a forty-hour work week or 2,080 paid hours per year. (3) Paid utilization rate is calculated by dividing the actual number of billed hours in the period by the actual number of paid hours in the period, assuming a forty-hour work week or 2,080 paid hours per year. (4) Assumes a marginal tax rate of 35.0% and 40.4% in the three and nine months ended September 30, 2009 and 2008, respectively. The tax benefit for three and nine months ended September 2009 excludes non-deductible divestiture and merger-related charges. (5) Adjusted (loss) income and adjusted (loss) income per diluted share are non-GAAP financial measures. Adjusted (loss) income excludes other impairments, restructuring charges, divestiture charges, acquisition costs, charges related to market fluctuations in the value of deferred compensation plan investments, equity-based compensation benefit and deferred tax valuation allowance. Adjusted (loss) income per diluted share is calculated using adjusted (loss) income divided by diluted shares. The Company regards adjusted (loss) income and adjusted (loss) income per diluted share as useful measures of financial performance of the business. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. This measure, however, should be considered in addition to, and not as a substitute or superior to, operating (loss) income, cash flows, or other measures of financial performance prepared in accordance with GAAP. (6) EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA is defined as earnings before provision for income tax, interest, and depreciation and amortization. Adjusted EBITDA excludes other impairments, restructuring charges, divestiture charges, acquisition costs, charges related to market fluctuations in the value of deferred compensation plan investments and equity-based compensation benefit. The Company regards EBITDA and Adjusted EBITDA as useful measures of financial performance of the business. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. This measure, however, should be considered in addition to, and not as a substitute or superior to, operating (loss) income, cash flows, or other measures of financial performance prepared in accordance with GAAP. (7) For the third quarter of 2009, diluted earnings per share and diluted shares are equal to basic earnings per share and basic shares, respectively, as the effect on net loss would be anti-dilutive if common stock equivalent shares were included in the weighted average number of common shares outstanding during the period. (8) Equity-based compensation benefit consists of approximately $2.8 million of stock-based compensation expense recovery related to previously recognized expense on the unvested portion of 7-year cliff-vesting options of a terminated employee, offset by approximately $0.6 million of accelerated expense related to the voluntary surrender of approximately 192,000 shares of stock options previously granted.

About the Author

No Quarter $7.49 No Quarter

French Quarter $12.9 "The decadence of Bourbon Street is beckoning..." When prim, proper Liz Marsh suspects her fiance is cheating on her, she's almost too embarrassed to hire a P.I. to prove it. And when she gathers her courage and walks into Jack Wade's office, she has no idea he'll be the sexiest man she's ever encountered, nor that his light Cajun accent will make her tingle in all the wrong--or is that right?--places. After Jack brings her questionable yet undeniably arousing evidence, the only solution is for Liz to get a closer look with her own eyes. And Jack is more than happy to show her everything she's been missing. One night in the French Quarter's entrancing red light district, and Liz finds herself caught up in the provocative allure of an erotic new atmosphere and the sudden, urgent need to experience it for herself--with Jack. Jack's normally a keep-it-casual guy, but as nights with Liz get hotter, so do Jack's feelings for the seductive woman in his arms. Bourbon Street decadence beckons and Liz embarks on a sizzling journey of sexual awakening that has her more willing to shed her inhibitions minute by carnal minute. But someone else has noticed her insatiable appetite for sensual adventure, someone who's just beginning to realize what he's lost--and who's determined to tear Jack and Liz apart... "Warning: Contains sizzling hot sex any way she wants it--and a man (or two) more than willing to show her the ropes. Let the good times roll, baby "

A Quarter for a Kiss $3.94 It's April, spring is in the air, and Callie and Tom have just spent a wonderful few weeks getting to know each another after years of a telephone-only relationship. But as their time together draws to a close, they are called to the hospital bed of mutual friend Eli Gold, who has just been shot. Eli asks Callie to find out who is responsible for the shooting and begs Tom to help her. The search leads Tom and Callie to the beautiful island of St. John in the Virgin Islands. There they face a sinister enemy among the ruins of an old sugar plantation-an enemy who's willing to do anything to keep his identity secret and the past deeply buried.

Ibis Belfast Queens Quarter $87.31 Ibis Belfast Queens Quarter is located in Belfast's Queens College District neighborhood, close to Queens Film Theatre, Queen's University of Belfast, and Ulster Hall. Nearby points of interest also include Belfast City Hall and Waterfront Hall. Hotel Features. Ibis Belfast Queens Quarter features a restaurant and a bar/lounge. Guest parking is complimentary. Additional property amenities include self parking. Guestrooms. Air conditioned guestrooms at Ibis Belfast Queens Quarter feature coffee/tea makers and safes. High speed Internet access is available. Guestrooms are all non smoking. Notifications:A resort fee is included in the total price displayed The photos in this description reflect the brand standard and are provided for illustrative purposes only. Notifications:A resort fee is included in the total price displayed The photos in this description reflect the brand standard and are provided for illustrative purposes only.

Fifth Quarter $13.99 George Allen was a top-ranked NFL coach throughout the sixties and seventies, coaching in turn the Chicago Bears, the Los Angeles Rams, and the Washington Redskins. Raised in a home dominated by her three football-obsessed older brothers and her father's relentless schedule, Jennifer Allen came of age in a cauldron of testosterone and win-at-all-costs mentality. Buffeted by the coach's tumultuous firings and hirings, the Allen family was periodically propelled to new teams in new cities. And while her French-Tunisian mother attempted to teach Jennifer proper feminine etiquette, the author dreamed of being the first female quarterback in the NFL. But as she grew up, she yearned mostly to be someone her father would notice. In a macho world where only foot-ball mattered, what could she strive for? Who could she become? Allen has written a poignant memoir of the father she tried so hard to know, about a family life that was willfully sacrificed to his endless fanatical pursuit of the Super Bowl. What emerges is a fascinating and singular behind-the-scenes look at professional football, and a memorable, bittersweet portrait of a father and his daughter, written in a fresh and perceptive voice.

Safety Mirrors - Quarter Dome $108.8 Mirrors prevent accidents and theft in your plant, warehouse and office. Easily monitor your facility inside and out by providing a wide or enhanced field of vision All safety mirrors are made of a lightweight, impact resistant acrylic (or stainless steel where noted) Selection based upon type of intersection and amount of square footage that needs to be seen Quarter dome mirrors provide maximum visibility in many different corner configurations, help prevent collisions where dangerous corners exist, and provide surveillance views on a wide amount of square footage from a fixed observation point Quarter dome mirrors come complete with adjustable mounting hardware Recommended for indoor use only Quarter dome mirrors have a 90° angle of view and are ideal for corners of hallways and corridors

Quarter Turn Throttle Systems $89.95 G2 Ergonomics Quarter Turn Throttle Systems Take your metric cruiser or Harley-Davidson to the next level with G2 Ergonomics Quarter Turn Throttle Systems. This throttle system allows you to go from closed to full-throttle in less time without moving your fingers and palm around the grip. Features: Reduces overall throttle rotation which allows rider to go from cruise to full-throttle without moving fingers Throttle tube is machined from high-strength PVC Installs easily in minutes Not for use with OEM cruise control For competition use only **Note: Harley-Davidson application is for 96-11 models with throttle cables.

The American Quarter Horse $4.65 Written with the full participation of the American Quarter Horse Association - the largest equine breed registry in the world - The American Quarter Horse: An Introduction to Selection, Care, and Enjoyment is a fully illustrated manual for prospective and novice owners and riders. The American Quarter Horse is the world's most popular horse and America's oldest breed, with origins tracing back to the 1600s, along the eastern seaboard. Originally bred to fill colonists' passion for short-distance match racing, these heavily muscled, compact horses were perfectly suited to run faster than any other horse along narrow streets. As America moved west, so did the American Quarter Horse, and pioneers quickly learned of the horse's natural ability for herding cattle. This quintessential American horse has been refined over the years, his natural talents and famous dependability and athleticism enhanced. His willingness, intelligence, and disposition make him the ideal choice not only for first-time owners and recreational riders, but also for riders interested in all facets of Western, English, and racing competitions. As a show horse or trail horse, the American Quarter Horse is bound to please. Beginning with a brief history of the breed this book offers detailed advice on locating and selecting a horse, as well as stabling, feeding, grooming, and otherwise taking responsible care of the animal. Also explained are the American Quarter Horse's many uses: from informal trial riding to barrel racing, cutting, and reining; from Western horsemanship to show jumping, dressage, and racing. Each activity is clearly defined - including what it is that judges look for in the showring. With itseasily accessible reference material, The American Quarter Horse is the indispensable guide for anyone interested in owning and riding America's favorite horse.

Best Western French Quarter Landmark Hotel $79.99 Experience the charm of the French Quarter at the Best Western French Quarter Landmark Hotel--just three short blocks to Bourbon Street! The Best Western French Quarter Landmark Hotel places you only steps away from world-famous restaurants, boutiques, antique shops, and entertainment

Place d Armes French Quarter Hotel $69 The only hotel located at Jackson Square, the Place D'Armes flowering courtyards and 18th century buildings exude classic French Quarter romance and charm

Quarter $87.62 High Quality Content by WIKIPEDIA articles Quarter is one fourth,, or 25. Quarter may also refer to: Quarter (academic), a division of an academic year lasting from 8 to 12 weeks Quarter (United States coin), valued at onefourth of a U.S. dollar Quarter (Canadian coin), valued at onefourth of a Canadian dollar Quarter day, in British and Irish tradition, one of four dates in each year on which rents, etc. were due Quartering (heraldry), joining several coats of arms on one shield partitioned in four Quarters, a drinking game Academic quarter, term used by universities in various European countries for the 15 minutes between the defined start time for a lecture and the actual time it will start Fiscal quarter, three months of a fiscal year An imperial measure of weight, equal to 28 pounds. (See hundredweight) Author: Surhone, Lambert M./ Timpledon, Miriam T./ Marseken, Susan F. Binding Type: Paperback Number of Pages: 132 Publication Date: 2010/06/12 Language: English Dimensions: 5.98 x 9.01 x 0.30 inches

NH Museum Quarter $258.16 Located in central Amsterdam, NH Museum Quarter is within walking distance of Albert Cuyp Market, Heineken Experience, and Van Gogh Museum. Nearby points of interest also include Rijksmuseum and Concertgebouw. Hotel Features. NH Museum Quarter's restaurant serves lunch and dinner. A bar/lounge is open for drinks. Room service is available 24 hours a day. The hotel serves hot and cold buffet breakfasts each morning in the breakfast area (surcharges apply). Recreational amenities include a fitness facility. Wireless and wired high speed Internet access is available in public areas (surcharges apply). This Amsterdam property has 50 square meters of event space consisting of small meeting rooms. Guest parking is available for a surcharge. Additional property amenities include a coffee shop/caf?, multilingual staff, and tour/ticket assistance. Guestrooms. 163 air conditioned guestrooms at NH Museum Quarter feature laptop compatible safes and coffee/tea makers. Accommodations offer city or water views. Bathrooms feature shower/tub combinations, makeup/shaving mirrors, complimentary toiletries, and hair dryers. Wired high speed and wireless Internet access is available for a surcharge. In addition to desks, guestrooms offer direct dial phones. Televisions have cable channels and pay movies. Rooms also include windows that open and blackout drapes/curtains. Housekeeping is offered daily and guests may request wake up calls. Notifications and Fees:Guests under 18 years old are not permitted at this adults only property. All guests staying in hotel guestrooms must be registered with the hotel. Some properties have extra fees for amenities or services that may apply even if you do not use them. Government fees or taxes also may be charged to you when you check in or check out. This property told us they will charge you for the following: A 5 percent city/local tax will be charged We have included all charges provided to us by the property. However, charges can vary, for example, based on length of stay or the room you book.The following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: EUR 20 per room, per nightDeposit: EUR 50 per stayFee for in room wireless Internet: EUR 10.70 per 24 hour period (rates may vary)Buffet breakfast fee: EUR 20 per person (approximate amount)Rollaway bed fee: EUR 55 per night The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. Notifications and Fees:Guests under 18 years old are not permitted at this adults only property. All guests staying in hotel guestrooms must be registered with the hotel. Some properties have extra fees for amenities or services that may apply even if you do not use them. Government fees or taxes also may be charged to you when you check in or check out. This property told us they will charge you for the following: A 5 percent city/local tax will be charged We have included all charges provi

Jewellery Quarter $9.49 Jewellery Quarter

Fifty State Commemorative Quarter Folder (Hardcover) $16.44 Whitman Coin Products is proud to offer the collector a new deluxe 50-state commemorative quarter coin folder. This ten-year coin folder provides 100 coin slots, one for each Statehood Quarter from both the Philadelphia and Denver Mints, and is the only way to collect all 100 quarters in a single coin folder volume.Information on when each Statehood quarter is released and educational state facts such as state capitals, flowers, songs, and nicknames are included in each folder.The folders open flat for all-at-once viewing and have protective flaps that prevent the coins from touching.

Live at the Old Quarter,... [Remaster] $24.99 Track Listing: (DISC 1:), (DISC 2:), 1. Announcement, 1. For the Sake of the Song, 2. Chauffeur's Blues, 2. Pancho & Lefty, 3. Mr. Mudd & Mr. Gold, 3. No Place to Fall, 4. Don't You Take It Too Bad, 4. Loretta, 5. Kathleen, 5. Two Girls, 6. Fraternity Blues, 6. Why She's Acting This Way, 7. Cocaine Blues, 7. If I Needed You, 8. Brand New Companion, 8. Who Do You Love?, 9. Tower Song, 9. White Freight Liner Blues, 10. To Live Is to Fly, 10. Waiting 'Round to Die, 11. She Came and She Touched Me, 11. Tecumseh Valley, 12. Lungs, 12. Talking Thunderbird Blues, 13. Only Him or Me, 13. Rex's Blues, 14. Nine Pound Hammer

Live At The Old Quarter (Ogv) $16.98 Track Listing: (DISC 1:), (DISC 2:), 1. Announcement, 1. For the Sake of the Song, 2. Chauffer's Blues, 2. Pancho and Lefty, 3. Mr. Gold and Mr. Mud, 3. No Place To Fall, 4. Don't You Take It Too Bad, 4. Loretta, 5. Kathleen, 5. Two Girls, 6. Fraternity Blues, 6. Why She's Acting This Way, 7. Cocaine Blues, 7. If I Needed You, 8. Brand New Companion, 8. Who Do You Love?, 9. Tower Song, 9. White Freight Liner Blues, 10. To Live is To Fly, 10. Waiting 'Round To Die, 11. She Came and She Touched Me, 11. Tecumseh Valley, 12. Lungs, 12. Talking Thunderbird Blues, 13. Only Him or Me, 13. Rex's Blues, 14. Nine Pound Hammer

Empty Quarter: A Photographic Journey to the Heart of the Arabian Desert $34.21 Aerial photographer George Steinmetz, shooting from a motorized paraglider, has created an unparalleled portrait of "Rub' al-Khali, "or "the Empty Quarter," the largest and most likely the hottest sand desert in the world. Although only a fraction of the size of its giant neighbor, the Sahara, the Empty Quarter's punishing terrain has rarely been captured on film, and never from such a striking perspective. Old maps, satellite images, and a dose of Arabian hospitality enabled Steinmetz to travel where few have ventured. He reveals in his photographs a true wilderness, without a single permanent human habitation or known point of water, preserved by its harsh climate and extreme remoteness, as well as a fascinating tradition of a hardy people living at its edges. For experienced travelers or explorers and for those who have never heard of the Empty Quarter, entering the heart of the Arabian Desert is truly the ultimate experience.

French Quarter (Paperback) $23.16 The decadence of Bourbon Street is beckoning…   When prim, proper Liz Marsh suspects her fianc is cheating on her, she’s almost too embarrassed to hire a P.I. to prove it. And when she gathers her courage and walks into Jack Wade’s office, she has no idea he’ll be the sexiest man she’s ever encountered, nor that his light Cajun accent will make her tingle in all the wrong—or is that right?—places.   After Jack brings her questionable yet undeniably arousing evidence, the only solution is for Liz to get a closer look with her own eyes. And Jack is more than happy to show her everything she’s been missing. One night in the French Quarter’s entrancing red light district, and Liz finds herself caught up in the provocative allure of an erotic new atmosphere and the sudden, urgent need to experience it for herself—with Jack.   Jack’s normally a keep-it-casual guy, but as nights with Liz get hotter, so do Jack’s feelings for the seductive woman in his arms. Bourbon Street decadence beckons and Liz embarks on a sizzling journey of sexual awakening that has her more willing to shed her inhibitions minute by carnal minute. But someone else has noticed her insatiable appetite for sensual adventure, someone who’s just beginning to realize what he’s lost—and who’s determined to tear Jack and Liz apart…   Warning: Contains sizzling hot sex any way she wants it—and a man (or two) more than willing to show her the ropes. Let the good times roll, baby!

Crossing the Empty Quarter and Other Stories $23.98 The "graphic lit" love child of Gabriel Garcia Marquez and Raymond Carver, Carol Swain's comics first appeared in print in the late 1980s, and Swain has since contributed her biting, bedazzling comics to over twenty anthologies across the globe. Her two graphic novels, Invasion of the Mind Sappers and Foodboy, have been kept in print by Fantagraphics Books, and Alan Moore describes Swain's Foodboy as "dark and full of life, like soil... a perfect example of what modern comics are capable of if they only try." Collecting over thirty short stories by the London-based writer/artist, Crossing the Empty Quarter and Other Stories is Swain's first career-spanning collection. Her introspective, boldly executed, and visually unique works are peppered with magical realism, autobiography, and undying punk attitudes, and while Swain's canon of stories runs through a wide range of emotions and situations, they are all tied together with an art style that is universally appealing and undeniably unique.

Hilton San Diego Gaslamp Quarter $329 Located in central San Diego, Hilton San Diego Gaslamp Quarter is near the airport and within walking distance of San Diego Convention Center and Petco Park. Nearby points of interest also include San Diego Zoo and Aircraft Carrier Museum. Hotel Features. Hilton San Diego Gaslamp Quarter features a restaurant and a bar/lounge. Room service is available. Recreational amenities include an outdoor pool, a spa tub, and a fitness facility. The property's full service health spa has body treatments, massage/treatment rooms, facials, and beauty services. This 3.5 star property has a 24 hour business center and offers a meeting/conference room and audio visual equipment. Complimentary wireless Internet access is available in public areas. This San Diego property has 10000 square feet of event space consisting of banquet facilities and a ballroom. Wedding services and tour/ticket assistance are available. Additional property amenities include a rooftop terrace, a concierge desk, and multilingual staff. This is a smoke free property. Guestrooms. 282 air conditioned guestrooms at Hilton San Diego Gaslamp Quarter feature coffee/tea makers and safes. Beds come with pillowtop mattresses and premium bedding. Bathrooms feature designer toiletries and hair dryers. High speed Internet access is available. In addition to desks and complimentary weekday newspapers, guestrooms offer multi line phones with voice mail. 42 inch flat panel televisions have pay movies. Rooms also include complimentary newspapers and irons/ironing boards. Guests may request refrigerators, hypo allergenic bedding, and extra towels/bedding. Housekeeping is available daily. Notifications and Fees:A resort fee is included in the total price displayed Guests under 18 years old are not permitted at this adults only property. There are no room charges for children 18 years old and younger who occupy the same room as their parents or guardians, using existing bedding. The following fees and deposits are charged by the property at time of service, check in, or check out. Valet parking fee: USD 40 per night (in/out privileges)Pet fee: USD 75 per pet, per stayPet deposit: USD 75 per stay The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. Notifications and Fees:A resort fee is included in the total price displayed Guests under 18 years old are not permitted at this adults only property. There are no room charges for children 18 years old and younger who occupy the same room as their parents or guardians, using existing bedding. The following fees and deposits are charged by the property at time of service, check in, or check out. Valet parking fee: USD 40 per night (in/out privileges)Pet fee: USD 75 per pet, per stayPet deposit: USD 75 per stay The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change.

In the Quarter, $28.84 This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.

In the Quarter $44.28 One evening in May, 1888, the Caf des coles was even more crowded and more noisy than usual. The marbletopped tables were wet with beer and the din was appalling. Someone shouted to make himself heard. Any more news from the Salon? Yes, said Elliott, Thaxtons in with a number three. Rhodes is out and takes it hard. Cliffords out too, and takes it Author: Chambers, Robert W./ 1st World Library Binding Type: Hardcover Number of Pages: 260 Publication Date: 2006/02/01 Language: English Dimensions: 8.50 x 5.50 x 0.75 inches

In The Quarter $13.6 No Synopsis Available

Quarter Water $10 Quarter Water - Serius Jones