Aircastle LTD (NYSE:AYR) announced that Chief Executive Officer Ron Wainshal is scheduled to present at the 2010 Citi North American Credit Conference on Thursday, November 18, 2010 at 9:00 A.M.
Eastern Time at the Crowne Plaza Times Square Manhattan Hotel in New York.Aircastle Limited is a global company that acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world.
As of September 30, 2010 Aircastle's aircraft portfolio consisted of 132 aircraft and had 63 lessees located in 36 countries.
PTS, Inc. (OTCPK:PTSH) Announces New IT 3 Year Service Contract
PTS, Inc. (OTC.BB:PTSH) www.ptspi.com/ announced that through its ThinLine division has signed a 3-year Voice Over Internet Protocol (OTCPK:VOIP) contract with MC Universal Art (www.greatamericanart.com).
MC Universal Art has been designing and installing quality framed art for over 30 years. They are a leading provider of wholesale and retail art frames, fine art prints, signed limited additions, as well as providing interior design consulting services. MC Universal Art works with leading interior designers, architects, and office furniture dealers - they help their wholesale clients achieve an environment that drives the image and identity they want to project for customers.
MC Universal Art is expanding its office and manufacturing infrastructure and required a scalable communications system that can handle their growth without effecting customer service. They also had a need to insure that their IT architecture would not be impacted with their communication upgrade.
"We were looking for a company that had VOIP expertise but also had the IT expertise to install, manage and scale our telecommunications infrastructure", said Macky Pannu CEO of MC Universal Art. "ThinLine met all of our criteria and we look forward to growing our services with them in the future," added Macky Pannu.
"I am impressed with MC Universal Art. They have a world class company and I am excited to have the opportunity to work with Macky and his team," said Raj Kalra CEO of PTS, Inc. "Our VOIP product will work perfectly to meet their existing demand, and will allow them to grow as quickly as they need so they can scale to keep up with their growth," added Raj Kalra.
In other company news:
Following several queries from the investment community, PTSH explains the relationship with ThinLine and addresses its "70% ownership". Raj Kalra, CEO of PTSH explains, "PTSH purchased my 70% ownership of ThinLine in a Share Exchange Agreement last week. In exchange of my 70% ownership I received restricted shares of PTSH stock.
ThinLine has two owners, PTSH (70%) and a second party (30%). ThinLine is a subsidiary of PTSH, owning 70% therefore shall receive 70% of the profits. In respect to why the deal won't close until December 31, 2010 is due to two factors: 1) ThinLine has approx 70 days to complete SEC audits and; 2) PTSH has its year end 12/31/10, and it makes for easier accounting. For all intensive purposes it is business as usual for PTSH and ThinLine since the merger.
PTS, Inc. does not have significant operations. It intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, the company engaged in the provision of accessibility compliance consulting services to government, school districts, and municipalities and other public entities, as well as to retail, commercial, recreational, and corporate customers. PTS, Inc. was founded in 1996 and is based in Las Vegas, Nevada.
Heckmann Corporation (NYSE:HEK) announced financial results for the third quarter ended September 30, 2010. The company reported third quarter 2010 revenues of $11.1 million and a net loss of $(0.02) on a per share basis compared with revenues of $11.2 million and a net loss of $(1.93) in the same year ago period.
For the nine months ended September 30, 2010, revenues totaled $31.3 million and net loss was $(18.8) million or $(0.17) per share, compared with revenues of $27.3 million and a net loss of $400.0 million or $(3.64) for the same period last year.
For comparison purposes, the Harbin, ShenYang and Beijing plants in China, which generated $1.9 million of revenues in the third quarter of 2009, were closed or deconsolidated prior to the third quarter of 2010. Accounting for the closures, revenues for the comparable quarter of 2009 would have been $9.3 million and growth in total revenues year-over-year would have been 18.7%.
Heckmann Corporation (NYSE: HEK) was created to buy and build companies in the water sector. On January 30, 2010, the Company completed its 50-mile water disposal pipeline in the Haynesville Shale which can treat and dispose up to 100,000 barrels of water per day.
Navios Maritime Holdings Inc. (NYSE:NM) announced that it will host a conference call on Tuesday, November 16, 2010 at 8:30 am ET, at which time Navios Holdings' senior management will provide highlights and commentary on third quarter 2010 financial results. The Company will announce earnings for the third quarter and nine months ended September 30, 2010 prior to the conference call.
Navios Maritime Holdings Inc. is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.
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