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GRHU announced recently the signing of multiple contract awards for its Life Protection (NYSE:LPI) Governmental Services Division, totaling $6 million. The recently acquired LPI subsidiary provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.
The governmental contracting entities include the U.S. Marine Corps School of Dynamic Entry in Quantico, VA and the U.S. Army Schofield Barracks Range Support in Honolulu, HI. The combined value of these contracts totals $1.5 million and includes GRHU's brand of Rapidly Assembled Portable Structures, (RAPS). In addition, to the governmental contracts, GRHU has signed contracts totaling $4.5 million for commercial projects, including a design-build contract for services ranging from project management and land planning to eco-friendly building products and services. GreenHouse expects the majority of the contracted work to be completed by year end 2010.
Billy Jones, founder of LPI, and Vice President of Government Services for GRHU, commented, "Our Rapidly Assembled Portable Structures are vital for numerous governmental sectors that require the ability to provide immediate, safe, and effective shelter in a variety of terrains and climates. We are confident that our advanced portfolio of product offerings and long-held industry associations provide a competitive advantage within both the governmental and commercial market. We look forward to servicing our clients and gaining new customers as we continue to establish ourselves as a leader in the environmental energy solutions sector."
GRHU, through its subsidiary, R Squared Contracting, Inc., provides energy efficiency products and technologies to the residential, commercial, and industrial building markets. GRHU also offers ethanol fuel and ethanol production technologies to residential, corporate, and government customers. In addition, GRHU distributes E-Fuel MicroFueler, as well as ethanol production systems to produce ethanol using sugar, algae or waste from distilleries and breweries. Further, GRHU operates an aquaponic, vegetable, and fish farm for residential customers, and the food and restaurant industry. GRHU supplies its products through outsourced manufacturers and assembly from third-party subcontractors. GRHU was founded in 2007 and is headquartered in San Diego, California.
To learn more about GRHU visit: http://www.greenhouseintl.com
RELM Wireless Corporation (AMEX:RWC)
RWC recently announced that it has amended its revolving credit facility with Silicon Valley Bank (SVB), the primary subsidiary of SVB Financial Group, as follows: maximum borrowing availability has been increased to $5.0 million from $3.5 million; the maturity date has been extended to December 31, 2012 from October 23, 2010; the variable rate at which borrowings bear interest has been reduced to prime rate plus 50 basis points; RELM Wireless' minimum "tangible net worth" requirement has been reset at $25.35 million, such minimum requirement still continuing to be subject to increase by (i) 50% of quarterly net profits and (ii) 75% of the net proceeds received from issuances of equity and issuances of "subordinated debt"; and the unused revolving line fee has been reduced to 20 basis points.
As an American Manufacturer for more than 60 years, RELM Wireless Corporation has produced highspecification twoway communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications.
Renaissance Learning, Inc. (Nasdaq:RLRN)
RLRN, a leading provider of technology-based school improvement and student assessment programs for K12 schools, released financial results for the quarter ended September 30, 2010. Revenues for the third quarter of 2010 were $32.6 million, an increase of 2.7% from third quarter 2009 revenues of $31.8 million. Net income was $6.2 million, or $0.21 per share, an increase of 19.6% from third quarter 2009 income of $5.2 million, or $0.18 per share.
Renaissance Learning, Inc. is a leading provider of technology-based school improvement and student assessment programs for K12 schools.
RenaissanceRe Holdings Ltd. (NYSE:RNR)
RNR will conduct an investment community conference call on Thursday, October 28, 2010 at 9:30 AM ET to discuss its financial results for third quarter 2010, as well as RenaissanceRe Holdings' outlook. RenaissanceRe will release the results following the close of market on Wednesday, October 27, 2010.
A live webcast of this call will be available through the Investor Information section of RenaissanceRe's website at www.renre.com. An archive of the call will be available from approximately 2:00 p.m. ET on October 28, 2010 through midnight ET on January 5, 2011.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance.
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