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Proper Power & Energy, Inc. (OTC BB:PPWE.ob) a Tampa-based independent oil and gas exploration and production company, has announced that it has been approached by two independent financing groups and has submitted a $10 million private placement memorandum to each of them. These two groups are seeking domestic oil and gas production in light of the Middle East tensions.
"The timing to acquire oil and gas properties while gas prices are low couldn't be better. Additionally, the availability of this funding for developing Proper Power's Kentucky and Utah oil prospects will accelerate 2011 revenues and leasehold acreage growth dramatically. We anticipate feedback from both of the financing groups before the end of this month," stated Andrew J. Kacic, President of Proper Power & Energy.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
National Health Partners, Inc. (National Health) (OTCBB:NHPR.ob), a leading provider of unique discount healthcare membership programs, is pleased to announce just recently that the Company has achieved positive earnings for the quarter ended September 30, 2010 compared to a loss of $522,542 for the same period last year. Revenues for the 3rd quarter grew 12.3% over the same period last year. The Company attributes the net earnings to the significant cost-cutting initiatives taken over the past couple of quarters and which is continuing in the 4th quarter.
“I am thrilled to announce that we have finally achieved profitability,” stated David M. Daniels, President and Chief Executive Officer of National Health Partners. “Due to the fact that our limited medical provider unexpectedly decided to exit the marketplace, we were unable to add any new CARExpress Plus limited medical sales during the 3rd quarter. Yet, despite this temporary setback, we were still able to substantially increase our revenue and reach profitability which is a testament to the underlying strength we have with our core CARExpress health discount programs. Although we achieved positive results in revenues and earnings, we anticipate much better results going forward into 2011.”
Mr. Daniels further states “We are seeing continuous growth during the current 4th quarter which should provide strong momentum for the 1st quarter of 2011. Our future has never looked brighter and I am quite confident that we will be able to see accelerating growth in both revenues and earnings. With our continued focus on keeping our operating costs down while at the same time building our revenues at an accelerating rate, we are in a very good position to see very strong earnings growth going forward. I will be providing more information on new business ventures in the very near term that will change the entire complexion of the company and I look forward to continuing to build on the success that we have already started achieving in the 3rd quarter.”
National Health Partners, Inc.
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania. For more information on the company, please visit its website at www.nationalhealthpartners.com.
Darden Restaurants, Inc. (NYSE:DRI) announced the company has made a $500,000 gift-in-kind donation to Habitat for Humanity International by contributing furnishings from 85 of the company's recently remodeled restaurant locations across the country. These furnishings will be sold at local Habitat for Humanity ReStore resale outlets. More than 300 of the company's Red Lobster, Olive Garden and LongHorn Steakhouse restaurants are slated to be remodeled over the next three years, and Darden plans to continue donations during this time, providing Habitat ReStore resale outlets across the country with furnishings for resale. Habitat ReStore resale outlets sell donated goods to the general public to help local Habitat affiliates fund the construction of homes within their communities.
Darden Restaurants, Inc., through its subsidiaries, engages in the ownership and operation of full-service restaurants primarily in the United States and Canada.
Harman International Industries Inc. (NYSE:HAR) announced the availability of the new JBL® Studio 1 loudspeaker series. Powerful and accurate in any listening environment, the newest JBL loudspeaker collection includes the JBL Studio 190 and Studio 180 floorstanding loudspeakers, the Studio 130 bookshelf loudspeaker, the JBL Studio 120c center-channel loudspeaker and the JBL Studio 150P subwoofer. The newest speaker collection employs performance-proven technologies and advanced materials to deliver the dynamic range, tonal accuracy and spatial transparency that have long been hallmarks of JBL products.
Harman International Industries, Incorporated engages in the development, manufacture, and marketing of audio products and electronic systems primarily in the United States, Germany, and other parts of Europe.
Enbridge Inc. (NYSE:ENB) will review the results of its first quarter 2011 operations and discuss its business outlook in an Internet presentation, beginning at 10 a.m. Eastern Time on Thursday, April 28, 2011. The presentation will follow a news release of first quarter results, scheduled for after market close on April 27, 2011. Slides for the presentation will be posted on our website at www.enbridgeenergypartners.com.
Enbridge Inc. engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Its Liquids Pipelines segment involves in the construction and operation of crude oil mainline system and feeder pipelines that transport crude oil and other liquid hydrocarbons.
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