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

Biomass is becoming increasingly popular energy source on global scale, with many countries opening new biomass facilities. Wood is still the most popular form of biomass on global level, though there are many ongoing researches that aim to find the adequate solutions to turn waste and garbage into useful form of energy. One of the main benefits of biomass fuel over fossil fuel can be best understood in terms of greenhouse gasses.

While both biomass fuels and fossil fuels release about the same amount of carbon dioxide into the atmosphere when burned, there is a distinct difference in the effect they each have on the atmosphere. Burning fossil fuel releases carbon dioxide that was captured during photosynthesis literally millions of years ago. As it is burned, carbon dioxide is released as a new greenhouse gas, a 'new' carbon dioxide. Biomass fuel, on the other hand, releases carbon dioxide that was recently captured during photosynthesis and it tends to equal itself out. Nothing 'new' is being sent into the atmosphere, thus greatly reducing the greenhouse gas effect on the ozone layer.

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:


AutoNation Inc. (NYSE:AN), America's largest automotive retailer, reported 2011 second quarter net income from continuing operations of $73 million, or $0.49 per share, compared to adjusted net income from continuing operations of $62 million, or $0.38 per share, for the same period in the prior year, a 29% improvement on a per-share basis. Adjusted net income from continuing operations for the second quarter of 2010 excluded debt refinancing costs of $12 million after-tax, or $0.07 per share, as disclosed in the attached financial tables. On a GAAP basis, second quarter 2010 net income from continuing operations was $50 million, or $0.31 per share. There were no adjusting items for the second quarter of 2011.

AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It offers various automotive products and services, including new vehicles, used vehicles, parts, automotive repair and maintenance services, and automotive finance and insurance products.


PennyMac Mortgage Investment Trust (NYSE:PMT) reported net income for the second quarter of 2011 of $16.6 million, or $0.59 per diluted share, on net investment income of $30.2 million. Quarterly earnings per share increased 69% from the first quarter results of $0.35 per diluted share. In addition, the Board of Trustees of PMT has declared a cash dividend of $0.50 per common share of beneficial interest, as compared to $0.42 from the prior quarter. This dividend is payable on August 31, 2011 to common shareholders of record on August 16, 2011.

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.


Boise Inc. (NYSE:BZ) reported net income of $11.9 million, or $0.11 per diluted share, for second quarter 2011, compared with net income of $13.3 million, or $0.16 per diluted share, for second quarter 2010. There were no special items for second quarter 2011. Net income excluding special items was $11.4 million, or $0.14 per diluted share, for second quarter 2010. EBITDA excluding special items was $70.5 million for second quarter 2011, compared with $67.0 million for second quarter 2010.

Boise Inc., together with its subsidiaries, engages in the manufacture and sale of paper and packaging products.


Onyx Pharmaceuticals Inc. (Nasdaq:ONXX) reported its financial results for the second quarter 2011. Onyx reported a non-GAAP net loss of $27.2 million, or $0.43 per diluted share, for the second quarter 2011 compared to a non-GAAP net income of $2.9 million, or $0.05 per diluted share, for the same period in 2010. Non-GAAP net loss excludes, among other items, adjustments to contingent consideration expense in connection with Onyx's acquisition of Proteolix Inc., or Proteolix; employee stock-based compensation expense; lease termination exit costs, non-cash imputed interest expense related to the application of Accounting Standards Codification ("ASC") 470-20 and charges associated with the restructuring of Onyx's development, collaboration, option and license agreement with S*BIO Pte Ltd., or S*BIO.

Onyx Pharmaceuticals, Inc., a biopharmaceutical company, engages in developing therapies targeting the molecular mechanisms causing cancer in the United States and internationally.

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