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RAS, GRHU, CRWE, AIB, RAD - RAIT Financial, GreenHouse Holdings, Crown Equity Holdings, Allied Irish Banks, Rite Aid

 

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 GreenHouse Holdings, Inc.  (OTCQB:GRHU)

GRHU recently announced that PepsiCo will partner with GreenHouse to utilize Southern California Edison’s Automated Demand Response program at its Buena Park bottling plant. GRHU is a qualified service provider of SCE’s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, installation of enabling technologies and complete processing of all incentives.

The Auto-DR program offers significant financial incentives and technical support to SCE customers with automated load control systems that participate in demand response events. Auto-DR uses control systems to automatically achieve specified energy demand reductions (kW and duration) during periods of peak energy demand.

In utilizing the Auto-DR system, Pepsi can shed or reduce electric consumption during costly peak energy periods when the demand is highest. In addition, the system provides Pepsi the ability to reduce operating costs by curtailing the use and purchase of electricity. Pepsi will then receive financial incentives from SCE for doing so.

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

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RAIT Financial Trust (NYSE:RAS)

RAS announced results for the third quarter ended September 30, 2010. RAIT reported net income allocable to common shares for the three-month period ended September 30, 2010 of $15.1 million, or $0.16 total earnings per share - diluted based on 92.7 million weighted-average shares outstanding – diluted, as compared to net loss allocable to common shares for the three-month period ended September 30, 2009 of $24.7 million, or $0.38 total loss per share – diluted based on 65.0 million weighted-average shares outstanding – diluted. RAIT reported net income allocable to common shares for the nine-month period ended September 30, 2010 of $68.7 million, or $0.82 total earnings per share – diluted based on 83.4 million weighted-average shares outstanding – diluted, as compared to net loss allocable to common shares for the nine-month period ended September 30, 2009 of $456.8 million, or $7.03 total loss per diluted share based on 65.0 million weighted-average shares outstanding – diluted.

RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its subsidiaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate.

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  Crown Equity Holdings Inc. (OTCPK:CRWE)

CRWE announced yesterday that it is expanding its business by opening another office in Pakistan. This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase CRWE’s up to date news and world affairs from the Mid-East, Far East and Europe online news wires.

CRWE is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused CRWE’s primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.

To learn more about CRWE visit: http://www.crownequityholdings.com

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Allied Irish Banks plc (NYSE:AIB)

AIB announced that Dan O'Connor, Executive Chairman, has informed the Board that he is to stand down from the post and the Board with immediate effect. Mr O'Connor joined the AIB Board in 2007. He was appointed Chairman in July 2009 and Executive Chairman in November 2009 at the request of Government. The AIB Board today thanked Mr O'Connor for his leadership and commitment to AIB and for agreeing to take on the roles of Chairman and Executive Chairman throughout such a difficult period in the company's history. Two new AIB Board appointments are also announced, Jim O'Hara, former General Manager, Intel Ireland and Catherine Woods, former Head of European Banks Equity Research Team, JP Morgan Securities (further details on both appointees attached) have been appointed non-executive directors with immediate effect.

Allied Irish Banks, p.l.c., together with its subsidiaries, provides retail and corporate banking, investment banking, and asset management services in the Republic of Ireland and internationally. The company accepts demand deposits, time deposits, and current accounts, as well as provides lending services, such as vehicle, plant, machinery, and equipment leasing; retail and investment property loans; vehicle, plant, machinery, and equipment hire purchase; and personal loans.

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Rite Aid Corp. (NYSE:RAD)

RAD announced that nearly 1,200 Rite Aid stores nationwide will host Diabetes Solutions Days on Nov. 2, 3 or 4 offering free health screenings and self-management solutions to patients living with diabetes, care-givers and those concerned about diabetes. Visitors also can get vaccinated against flu and/or pneumonia for $24.99 or $50 respectively, although many insurance plans including Medicare cover the cost. Vaccinations are especially important for diabetes patients because flu and pneumonia combine for the deaths of 10,000 to 30,000 diabetes patients annually, according to The Centers for Disease Control and Prevention (NASDAQ:CDC).

Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The company’s drugstores primarily offer pharmacy services. It provides prescription drugs and front end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing products.

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