As we expected, the financial results of this quarter was impacted by our current exposure to the financial guarantee business in China and will continue to be impacted by such exposure in the coming quarters. One of our clients defaulted the payment of a $4.7 million loan, due to slow down of the Chinese economy and the cash flow difficulties for Chinese Small and Medium Enterprise (SME). We made a provision of $3.2 million for the potential loss, said Renhui Mu, Co-CEO and COO of Wins Finance. In response to the challenges we are encountering in our guarantee business, we are taking aggressive measures to control the exposure to current economic situation.

We remain optimistic in our long-term outlook. We are focusing our attention on development of our leasing business in the medical equipment and new energy sectors, both of which offer significant opportunities for investment. We expect these two sectors to continue to grow despite the economic slowdown and other macroeconomic factors. We also expect our pipeline of leasing opportunities to increase during in the first half year, with associated revenues to begin in the second half of 2016, added by Mr. Mu.

Quarter Ended March 31, 2016 Results

Revenue

Wins Finances revenue for the quarter ended March 31, 2016 was $2.5 million, which consists of $1.5 million of commissions and fees generated from its financial guarantee services, and $1.0 million of direct financing lease interest income.

Commissions and fees on financial guarantee services generated from financial guarantee services the Company provides to customers decreased by $0.2 million, or 8.1%, to $1.5 million for the quarter ended March 31, 2016, compared to $1.7 million for the quarter ended March 31, 2015. The decrease was primarily attributable to the expiration of Wins Finances two largest contracts in March 2015. The two largest customers accounted for $0.61 million of revenue, or 37% of the total commissions and fees on financial guarantee services for the three months ended March 31, 2015. After the contracts for these two customers expired, Wins Finance was no longer able to provide guarantees for loans exceeding 10% of its net assets for any single customer in order to comply with the requirements of Interim Measures for Guarantee Business of the PRC. Provision on financial guarantee services was $3.1 million for the quarter ended March 31, 2016, an increase of $4.0 million from a reversal of $0.9 million for the quarter ended March 31, 2015. The increase was primarily due to a provision loss of $3.2 million due to a loan in default totaling $4.7 million (RMB30 million), with $0.9 million being written-off due to managements assessment.

Direct financing lease interest income generated from payments under direct financing leases with customers decreased by $0.2 million, or 19.4%, to $1 million for the quarter ended March 31, 2016, compared to $1.2 million for the quarter ended March 31, 2015. Provision for lease payment receivable decreased by $0.2 million to $0.1 million for the quarter ended March 31, 2015, from $0.3 million for the quarter ended March 31, 2015. The decrease was primarily attributable to the expired direct financing leases contracts were not fully replaced with new contracts.

Financial advisory and lease agency income decreased to nil for the quarter ended March 31, 2016, compared to $1.7 million for the quarter ended March 31, 2015. The decrease was primarily attributable to there being no new advisory and lease agency contracts in this quarter.

Interest on short-term investment

Interest on short-term investments decreased by $1.9 million to $3.5 million for the quarter ended March 31, 2016, compared to $5.4 million for the same period ended March 31, 2015. The decrease was primarily due to a decrease in the rate of return caused by decreased return in the local capital markets, partially offset by an increase in the average balances of the short-term investments.

Non-interest expenses

Non-interest expenses increased by $1.8 million, or 248.1%, to $2.5 million for the quarter ended March 31, 2016, compared to $0.7 million for the same period ended March 31, 2015. The increase was primarily attributable to an increase of $1.2 million in share-based compensation to the companys directors and executive officers commencing on December 16, 2015 and increases in salaries, legal fees, auditing fees and consulting fees for investor relations in connection with being a public company.

Income taxes

Income tax expense decreased by $1.5 million, or 137.3%, to $0.4 million for the three months ended March 31, 2016, compared to $1.1 million for the three months ended March 31, 2015. The decrease was primarily attributable to a decrease in taxable income excluding interest on short-term investment, which is exempt from taxation.

Net income

Net income decreased by $8.3 million, or 97.3%, to $0.2 million for the quarter ended March 31, 2016, compared to $8.5 million for the same period ended March 31, 2015.

Other Significant Events

On March 21, 2016, JinzhongBank Co., Ltd. withdrew $0.9 million (RMB 6 million) for interest and penalties from the Companys deposit account for the default payment of a loan of $4.7 million (RMB 30 million) borrowed by Jinzhong Houfeng Trading Co., Ltd., one of the Companys clients in its guarantee business. The Company evaluated the potential default losses based on Jinzhong Houfeng Trading Co., Ltd.s financial position and counter-guarantee collateral and accrued about $3.2 million as provision of guarantee losses.

About Wins Finance

Wins Finance is a diversified investment and asset management company headquartered in New York and listed on NASDAQ. The company is focused on identifying value accretive investment opportunities and assets in China and the United States that can be enhanced through the strategic involvement of Wins established management team and its familiarity with the Chinese investment community to help generate long-term value for shareholders. Wins Finance is well positioned to leverage its expertise and existing operations in China to build a comprehensive platform for the provision of lending and other financing solutions to the under-served small and medium enterprise segment. For more information, please visit www.winsholdings.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended, and as defined in the US Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on managements current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks are described in the Companys Current Report on Form 8-K dated October 26, 2015 and in the Companys other filings with the US Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

Company Contacts:

Richard Xu, President
Wins Finance Holdings Inc.
590 Madison Avenue, 21st FL
New York, NY 10022
Tel: 646-480-9882
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.




Weyerhaeuser Co (WY) : Financial Advisory Service scooped up 2,562 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 33,363 shares of Weyerhaeuser Co which is valued at $1,054,604.Weyerhaeuser Co makes up approximately 0.54% of Financial Advisory Services portfolio.

Other Hedge Funds, Including , Bank Of The West reduced its stake in WY by selling 5,737 shares or 44.89% in the most recent quarter. The Hedge Fund company now holds 7,042 shares of WY which is valued at $222,598. Weyerhaeuser Co makes up approx 0.03% of Bank Of The Wests portfolio. Northpointe Capital added WY to its portfolio by purchasing 3,790 company shares during the most recent quarter which is valued at $121,735. Weyerhaeuser Co makes up approx 0.01% of Northpointe Capitals portfolio.Conning reduced its stake in WY by selling 133,275 shares or 86.02% in the most recent quarter. The Hedge Fund company now holds 21,657 shares of WY which is valued at $695,623. Weyerhaeuser Co makes up approx 0.03% of Connings portfolio. Cutler Capital Management added WY to its portfolio by purchasing 7,150 company shares during the most recent quarter which is valued at $229,658. Weyerhaeuser Co makes up approx 0.10% of Cutler Capital Managements portfolio.Integrated Wealth Management reduced its stake in WY by selling 291 shares or 6.16% in the most recent quarter. The Hedge Fund company now holds 4,435 shares of WY which is valued at $143,073. Weyerhaeuser Co makes up approx 0.06% of Integrated Wealth Managements portfolio.

Weyerhaeuser Co opened for trading at $31.14 and hit $31.22 on the upside on Tuesday, eventually ending the session at $31.09, with a gain of 0.45% or 0.14 points. The heightened volatility saw the trading volume jump to 45,68,192 shares. Company has a market cap of $23,227 M.

On the companys financial health, Weyerhaeuser Co reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.20. The company had revenue of $1741.00 million for the quarter, compared to analysts expectations of $1972.56 million. The companys revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Weyerhaeuser Co. Shares were Downgraded by DA Davidson on May 9, 2016 to Neutral and Lowered the Price Target to $ 33 from a previous price target of $34 .Shares were Reiterated by Argus on Feb 17, 2016 to Buy and Lowered the Price Target to $ 28 from a previous price target of $43 .

Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber as well as manufacturing distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands primarily in the United States and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Companys operational segments include Timberlands Wood Products and Cellulose Fibers. The Companys Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products such as diapers.



ETC.

Financial planner earns designation -- Ameriprise Financial, Poughkeepsie, recently announced that Jason M. Burt, a certified financial planner (CFP), received the Accredited Portfolio Management Advisor (APMA) designation from the College of Financial Planning.

Individuals who hold the APMA designation have completed a course of study including client assessment and suitability, risk/return, investment objectives, bond and equity portfolios, modern portfolio theory and investor psychology.

Burt is part of Mazzetti, Buscetto and Associates, a financial advisory practice of Ameriprise Financial Services, Inc.

As a financial adviser, he provides financial advice based on an understanding of client needs and expectations through one-on-one dialogue with his clients.

The office is located at 176 Church Street, Poughkeepsie.

To contact Jason M. Burt, call 845-454-3021.

Ameriprise Financial offers asset management, advisory and insurance capabilities and a network of 10,000 financial advisers. For information, visit www.ameriprise.com.

New companies join regional alliance -- The Hudson Valley Economic Development Corporation (HVEDC) recently announced that five craft beer and cider companies have joined the Hudson Valley Food amp; Beverage Alliance.

The new members include Westtown Brew Works, Hudson Valley Farmhouse Cider, Gravity Ciders, Clemson Bros. Brewery and Broken Bow Brewery.

The Hudson Valley Food amp; Beverage Alliance works to develop a base of food and beverage businesses, including business owners, farmers, manufacturers and distributors with experience in the food and beverage market.

As an initiative of HVEDC, the alliance was created to provide a way of connecting area businesses with economic guidance and marketing tools.

"The craft beverage industry is booming in the Hudson Valley, and HVEDC is providing the accelerant for its rapid growth through networking, training, marketing and advocacy activities," said Laurence P. Gottlieb, president and CEO of HVEDC. "These new Alliance members represent the next generation of regional entrepreneurs that are stimulating local economies with direct investment, invigorating downtown areas and collectively adding an impressive number of new jobs to the area."

The Hudson Valley Economic Development Corporation is an economic development agency for Westchester, Putnam, Dutchess, Rockland, Orange, Ulster and Sullivan counties. For information, visit www.hvedc.com.

Send listings to biznews@pough­keep­siejour­nal.com. Fax to 845-437-4921 or mail to PO Box 1231, Poughkeepsie, NY 12601.



SEBIhas turned all business logic on its head to come to the conclusion that an industry can survive without an effective distribution chain.

Policies of the regulator have meant we have just about 40,000 registered individual financial advisers in a country of a billion people. This number was close to a lakh - miniscule in any case - a few years ago and has only been shrinking.

Even of this 40,000, the active advisers would be one-third, I am told. The number of Certified Financial Planners or CFPs has been shrinking over the years, and is just a few thousand right now.

Who is to blame?

In its spirit of protecting investors - and rightly so - SEBI started coming down hard on the mutual fund industry a few years ago. It started cutting commissions they could pay out to distributors of its products, put stringent conditions on them in terms of how they should market their products (they are not even allowed to advertise an award they win!), and were even counting every second closely of the statutory risk warning at the end of every advertisement.

While some of these measures were rather hare-brained, one cannot disagree with the fact that investors must get their financial products at the lowest cost possible. After SEBIs measures, a mutual fund became the lowest cost financial product if one were to exclude the government-owned National Pension Scheme, where the costs are so low that no one wants to sell it, and very few, as a result, have bought it.

SEBI has now gone a step forward. It seems to believe that distribution is a dirty word. It has turned all business logic on its head to come to the conclusion that an industry can survive without an effective distribution chain.

Is a distribution chain not an integral part of any industry? So, how is the mutual fund industry any different? The job of a regulator is make sure there are sound rules laid down and everyone plays by those rules. But what has SEBI done? It has been on a crusade to get everyone to buy mutual funds directly. It has said that if you buy directly from a mutual fund, you pay zero cost. Super!

Only one problem. How many of us know what really we should be buying? Is financial planning and investment about going to a few portals, picking up the best performing schemes listed on them, and go and click? And whats more, the regulator is toying with the idea of allowing shopping portals to sell mutual funds too.

What has always baffled me is why the mistrust? Is it because distributors have miss-sold financial products?

Of course they have. In fact, the maximum miss-selling has taken place at the level of banks and the larger distributors, and not the individuals. What has SEBI done about it? Has it investigated and brought to book culprits engaging in such massive fraud? Sadly, the answer is no. It investigated only one case.

In any case, it has found itself weak-kneed to take any action against banks, most of whom, have been merrily miss-selling.

A few years ago, I was part of a three-member SEBI committee to look into miss-selling. SEBI carried out a mystery shopping exercise to identify miss-selling of mutual funds. Forget about taking any action, the report was not even made public! Unfortunately, I am not at liberty to disclose the contents of the report having been a part of it.

If SEBI is so convinced that Independent Financial Advisers(IFA)are not trustworthy and are damaging investor interest, why does it not launch a thorough probe and back its decision with sound evidence?

Which industry is perfect? Regulators are meant to sift through the bad apples and throw them out. Not kill an entire industry.

The latest masterstroke by SEBI has been to hand over a Rs 100 crore-plus financial literacy budget of the mutual fund industry away from them to their association, AMFI (Association of Mutual Funs in India).

Over the past 15 years, Indian mutual funds have spent a lot of money in promoting financial literacy through various outreach programmes, both on the ground and through the media. Again, there were some bad apples who were carrying out a sham by running investor camps with three or four attendees.

Why did SEBI not penalise them? Instead, it has just taken away a large sum of money, and chances are all it will do with it isa series of advertising campaigns. Is that going to make us financially literate?

If India is to progress, its citizens need to be financially literate. We need an army of at least 10 million men and women out there who take up financial advisory as a career that is worth their while. A career that provides them a livelihood. And respect. Not one where systematically their income is cut from under their feet and they have no respect.

If there is one thing SEBI needs to do, it is this: Create a system where individuals would want to become financial advisers. Use the funds at its disposal to educate and empower the youth to become credible distributors and advisers.

Encourage investors to value advice and not fritter away their money clicking away on transaction platforms without knowing the ABCs of investing. Else, the next survey by the ratings agency will paint an even bleaker picture.