Tower International, Inc. (NYSE:TOWR) a leading integrated global manufacturer of engineered structural metal components and assemblies, announced its third quarter 2010 results.Adjusted EBITDA of $39.1 million for the quarter compared with $45.9 million in the third quarter of 2009.
This decline was consistent with the guidance provided in the company’s S-1 filing prior to the investor roadshow. Third quarter 2009 results were unusually strong because of non-recurring benefits totaling about $9 million related to recoveries for customer-funded tooling, worker’s compensation, and below-normal bonus expense.Net loss of $13.0 million for the quarter compared with a net loss of $9.9 million in the third quarter of 2009.
Tower International, Inc. operates as an integrated manufacturer of engineered structural metal components and assemblies to automotive original equipment manufacturers (OEMs) worldwide.
Corporate Universe Inc. (Pink Sheets:COUV) is pleased to announce the following corporate and operational matters to its shareholders and followers.
- COUV is opening its new corporate office at 3771 Nesconset Highway, South Setauket, NY, effective October 4, 2010. The new office will allow the Company to operate all of its divisions and subsidiaries in a centrally located place. Manhattan Transfer Registrar Company will continue to be located in Miller Place.
- Now that the corporate changes are fully implemented, including the name change to Corporate Universe Inc., trading under the symbol (Pink Sheets:COUV), and the forward split of 10 new shares for each old share of common stock, the company is ready for business and intends to keep its followers advised on a timely basis.
COUV corporate website, www.corp-universe.com, went live just recently, and has officially been launched!
The management will continue to update and improve it over the coming weeks.
The Company has formally retained Mina Mar Marketing Group Inc. as its Investor relations (NYSE:IR) firm.
John Ahearn, President, stated, "In a few short weeks we have made great strides in getting our company reorganized and moving forward.
I believe that many great things are in store for Corporate Universe Inc. in the future and all of us are working very hard and diligently to make it happen.
As part of our growth strategy COUV intends to grow the company both organically and through mergers of successful companies in our business industry or business space.
COUV management and the Mina Mar Group Mergers and Acquisition Division will be meeting to discuss potential business opportunities and candidates in the near future."
General Growth Properties Inc. (NYSE:GGP) announced the closing of its underwritten public offering of 135,000,000 shares of its common stock at a public offering price of $14.75 per share, less the underwriting discount.
GGP also announced the underwriters have exercised their option to purchase additional shares of common stock and will purchase 19,886,000 shares.
The closing of the over-allotment option is expected to occur on November 23, 2010, subject to customary closing conditions. Goldman, Sachs & Co. and Deutsche Bank Securities served as joint global coordinators for the offering.
General Growth Properties, Inc. operates as a real estate investment trust in the United States.
SavWatt Receives Maryland Energy Sector Grant
SavWatt USA, Inc. (Pinksheets:SAVW) pioneers in LED lighting and the Green revolution, announced recently that in cooperation with the City of Baltimore, SavWatt will receive grant funds from the Maryland Energy Sector Grant. This million dollar grant will offer companies the ability to take LEED certification classes.
LEED is an internationally recognized green building certified program. LEED certification important as many new construction and government projects are required to meet LEED standards.
It is imperative for building owners, designers, construction firms and real estate developers to further develop their professional skills by obtaining LEED certification.
SavWatt USA, Inc. has teamed up with the leaders in LEED training, Clean Edison, to offer this LEED AP certification at SavWatt’s Baltimore, MD headquarters.
SavWatt USA, Inc. is pleased to announce that it has become an approved member of Energy Star. Having the Energy Star label will enhance the SavWatt USA Inc. brand to the public.
Energy Star is a government backed program that helps businesses and individuals protect the environment through superior energy efficiency.
SavWatt USA, Inc. has also been registered with the DOE (Department of Energy) and its Lighting Facts Label.
This latest accomplishment along with the launch of its factory for LED tubes in January 2011 has made SavWatt USA, Inc. THE leader and brand in LED lighting.
SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. SavWatt is a market-leading innovator of LED lighting. SavWatt’s product families include LED fixtures, bulbs, Street Lights and Parking Lights.
For additional product and company information, please refer to www.savwatt.com.
Griffon Corporation (NYSE:GFF) announced that its Radar Systems Division has received a contract from The Boeing Company to supply APS-143C(NYSE:V)3 Multi-Mode Radar (NYSE:MMR) for India’s P-8i aircraft. The contract includes systems to support (8) P-8i Aft Radar installations integration and support services.
“We are very pleased to have been selected for this important program,” said Kevin McSweeney, President of the Radar Systems Division. “We are looking forward to supporting Boeing on this program and to further serving the Indian Defence Force on future programs.”
Griffon Corporation, through its subsidiaries, operates as a manufacturing company. The company operates through three segments: Telephonics, Building Products, and Plastics.
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