GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, today announced the signing of a Letter of Intent to acquire Control Engineering, Inc (NYSEMKT:CEI). Headquartered in Costa Mesa, California and serving clients globally, CEI provides turnkey automation and control solutions including engineering, installation and integration services. Experts in multiple technologies and applications, CEI's client base includes recognizable brands from a wide range of industries including pharmaceutical, food, beverage, utility, military and consumer goods.
CEI's team members are expected to stay in their current or similar roles and will work directly with GreenHouse executives to manage the integration and restructuring of CEI's operations with GreenHouse's. GreenHouse will provide its expectations of when the transaction is projected to close and provide specific revenue and earnings per share guidance in a future announcement.
GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world's most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, industrial and government markets around the globe.
Crown Equity Holdings Inc. (OTCBB:CRWE) announces that it has launched Crown Equity Holdings' crwenewswire.fr website to provide news in France's native language. Crown Equity Holdings Inc. had previously launched Crown Equity Holdings' German website crwenewswire.de and is launching Crown Equity Holdings' Canadian website crwenewswire.ca shortly.
"The new website is one step in many towards the company goal of expanding its footprint internationally, " commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. "Our goal for 2010 is to have all CRWE's clients' press releases, articles and news content published in every major financial country's native language, as well as within cities of every state of our country," stated Mr. Bosket.
Crown Equity Holdings Inc. is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public.
Safe Bulkers, Inc. (NYSE:SB), recently disclosed that Safe Bulkers has entered into a new period time charter for the Maria, a 76,000 dwt Panamax class vessel, for a duration of 34 months to 36 months, with a forward delivery date in second quarter of 2011, at a gross daily charter rate of $20,250, less 3.5% total commissions.
Dr. Loukas Barmparis, President of Safe Bulkers, said: "The new three-year time charter, which has a higher rate compared to the vessel's current rate, increases our charter coverage for the coming periods and provides additional visibility to our future cash flows. Forward delivery chartering is the outcome of our extensive relations with industry's major charterers."
Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services.
Safeguard Scientifics, Inc. (NYSE:SFE), a holding company that builds value in growth-stage life sciences and technology companies,reported that partner company Clarient, Inc. has agreed to be acquired by GE Healthcare, a unit of General Electric Company via a public tender offer for all outstanding common and preferred shares of Clarient at a price of $5.00 per common share and $20.00 per preferred share, payable in cash. Clarient’s stock price was $3.77 per share at close of business yesterday. The transaction values Clarient at $587 million. The completion of the transaction is subject to certain conditions, and is expected to close in late 2010 or early 2011.
Founded in 1953 and based in Wayne, PA, Safeguard Scientifics, Inc. provides growth capital for entrepreneurial and innovative life sciences and technology companies.
Safety Insurance Group, Inc. (NASDAQ:SAFT) reported second quarter 2010 results. Net income for the quarter ended June 30, 2010 was $15.1 million, or $1.00 per diluted share, compared to $15.0 million, or $0.96 per diluted share, for the comparable 2009 period. Net income for the six months ended June 30, 2010 was $27.9 million, or $1.84 per diluted share, compared to $26.9 million, or $1.69 per diluted share, for the comparable 2009 period. Safety’s book value per share increased to $42.88 at June 30, 2010 from $41.20 at December 31, 2009. Safety paid $0.40 per share in dividends to investors during both the quarters ended June 30, 2010 and 2009. Safety paid $1.60 per share in dividends to investors during the year ended December 31, 2009.
Safety Insurance Group, Inc. is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, and Safety Property and Casualty Insurance Company which are Boston, MA, based writers of property and casualty insurance. Safety is a leading writer of personal automobile insurance in Massachusetts.
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