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(FEIC, ECBE, CLNO, JFBI, GBNK) Stock Updates by CRWEPicks.com

|Includes:FEI Company (FEIC)

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FEI Electron Microscopes

FEI (NASDAQ:FEIC) is a premier provider of electron and ion-beam microscopes and tools for nanoscale applications globally and across many industries: industrial and academic materials research, life sciences, semiconductors, data storage, natural resources and more. With a history of over 60 years of technological innovation and leadership, FEI has set the performance standard in transmission electron microscopes (TEM), scanning electron microscopes (NYSE:SEM) and DualBeams(NYSE:TM), which combine a SEM with a focused ion beam (FIB). FEI's imaging systems provide 3D characterization, analysis and modification/prototyping with resolutions down to the sub-Angstrom (one-tenth of a nanometer) level. FEI has over 1,900 employees and sales and service operations in more than 50 countries around the world.

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For the second quarter of 2011, FEI Company reported record revenue and earnings for the third quarter in a row. Bookings were the highest for any second quarter in the FEI's history and the second-highest ever. Revenue of $211.1 million was up 45% compared to $146.0 million in the second quarter of 2010 and up 7% from $197.0 million in the first quarter of 2011. Net income was $26.1 million or $0.62 per diluted share, compared with $16.2 million or $0.40 per diluted share in the second quarter of 2010 and $22.3 million or $0.54 per diluted share in the first quarter of 2011. The gross margin in the second quarter was 45.3%, compared with 41.0% in the second quarter of 2010 and 43.6% in the first quarter of 2011. Operating income was 17.3% of sales in the quarter, compared with 2.4% in the second quarter of 2010 and 16.2% in the first quarter of 2011.

Last year's second quarter results included $9.1 million of restructuring charges that reduced operating income, compared with restructuring charges of $0.8 million in this year's second quarter. The 2010 second quarter also included a net tax benefit of $13.5 million that increased net income, compared with tax expense in the latest quarter of $9.6 million. For the second quarter of 2011, net bookings were $204.5 million, up 17% from the second quarter of 2010 and up 7% from the first quarter of 2011. The backlog at the end of the quarter was $459.1 million. The book-to-bill ratio for the quarter was 0.97 to 1. Gross cash, investments and restricted cash at the end of the quarter was $471.3 million, an increase of $19.5 million during the quarter and $47.5 million since the end of 2010.

For more information about FEI, please visit: www.fei.com.

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ECB Bancorp Inc. (NASDAQ:ECBE) announced its results for the three and six months ended June 30, 2011. For the three months ended June 30, 2011, net income totaled $1,145,000, a 19.6 % increase from the $957,000 in net income for the three months ended June 30, 2010. After adjusting for $265,000 in preferred stock dividends and the accretion of warrant discount, net income available to common shareholders for the three months ended June 30, 2011 was $880,000 or $0.31 per diluted share, an increase of 29.2 % compared to $692,000 or $0.24 per diluted share for the three months ended June 30, 2010. For the six months ended June 30, 2011, net income was $61,000, which compares to net income for the six months ended June 30, 2010 of $1,444,000. After adjusting for $530,000 in preferred stock dividends and accretion of warrant discount, loss charged to common shareholders for the six months ended June 30, 2011 was $469,000 or $0.16 per basic and diluted share, compared to income available to common shareholders of $0.32 per basic and diluted share for the prior year period.

ECB Bancorp, Inc. operates as the bank holding company for The East Carolina Bank, which provides general and community-oriented commercial and consumer banking services to small and medium-sized businesses and individuals in North Carolina.

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Clean Tech Transit Cleantech Transit, Inc. (OTCPK:CLNO)

Bio-energy is derived from plant- or animal-based organic matter called "biomass". The organic materials produced by plants, such as leaves, roots, seeds, and stalks. The term "biomass" is intended to refer to materials that do not directly go into foods or consumer products but may have alternative industrial uses.Basically renewable energy is the energy which can be produce from natural sources, for instance wind, sunlight, tides, rain, organic material and geothermal heat.

Benefits of Biomass energy

o Unlike petroleum or other related products, Bio mass energy is a renewable source of energy. Bio mass energy comes from plants.
o Reduces carbon footprints and it prevents greenhouse effect.
o Interestingly all the waste material can be converted as Biomass energy. It helps cleaning the environment by converting all the waste garbage into Biomass energy.
o Electricity can be produced through Biomass energy.
o In comparison to fossil fuels, Biomass energy is available in plenty; fossil fuels cannot last long, whereas Biomass energy is always available until the plants are there in this world. Major benefit of biomass energy is 100% environmental friendly.
o It has very less impact to the environment because the emission of carbon footprints will be less when biomass energy is burnt.

Cleantech Transit, Inc. is in the business of producing and conserving power. Cleantech Transit produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit's goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy. Cleantech Transit, Inc. was founded in 2006 and is based in Scottsdale, Arizona.

Cleantech Transit, Inc. is pleased to announce it has completed an agreement whereby it can earn a larger ownership percentage in the 500 KW biomass Merced Project than previously announced.

Cleantech can now earn in up to 40% of the Merced Project up from the original 25% the Company announced. The 40% ownership stake will be based on the total cost incurred to the Project to date, in addition Cleantech can invest the in the Series B shares of Phoenix Energy equal to or greater to the direct investment made in 500 KW project.

For more information please visit official website of CLNO: http://www.cleantechtransit.com

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Jefferson Bancshares Inc. (NASDAQ:JFBI), the holding company for Jefferson Federal Bank, announced net income for the quarter ended June 30, 2011 of $363,000, or $0.06 per diluted share, compared to a net loss of $24.4 million, or $3.91 per diluted share, for the quarter ended June 30, 2010. Financial results for the quarter ended June 30, 2010 were significantly impacted by a $21.8 million non-cash goodwill impairment charge relating to the Company's acquisition of State of Franklin Bancshares, Inc. in 2008. For the fiscal year ended June 30, 2011, the Company reported net income of $1.2 million, or $0.20 per diluted share, compared to a net loss of $24.0 million, or $3.85 per diluted share, for the fiscal year ended June 30, 2010.

Jefferson Bancshares, Inc. operates as the holding company for Jefferson Federal Bank, which provides various financial services to consumers and businesses in Tennessee.

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Guaranty Bancorp (NASDAQ:GBNK) announced that Christopher G. Treece been promoted to the position of Executive Vice President, Chief Financial Officer and Secretary for the Company and its wholly-owned bank subsidiary, Guaranty Bank and Trust Company, a Colorado community bank since 1955. Mr. Treece previously served as the Company's and Bank's Senior Vice President and Corporate Controller since April 2007. Mr. Treece has also served as a director of the Bank since May 2009.

Guaranty Bancorp is a bank holding company that operates 34 branches in Colorado through a single bank, Guaranty Bank and Trust Company. More information about Guaranty Bancorp can be found at www.gbnk.com.

 

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Stocks: FEIC