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CNO, GRHU, RAS, TNL - CNO Financial Group, GreenHouse Holdings, RAIT Financial Trust, Technitrol

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GreenHouse Holdings, Inc. (OTCQB:GRHU)

GreenHouse Holdings, Inc., today announced that the Company is completing the necessary steps to Up-List its shares to a senior U.S. stock exchange. In order to facilitate the transition, GRHU established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors.

"Graduating to a senior U.S. exchange is a high priority for the company given the progress we have made in securing multiple contracts with the U.S. Military and Fortune 100 industrial customers," said John Galt, GRHU Founder & Executive Chairman. "We believe transitioning to a larger exchange is the next logical step in the Company's future growth and will allow us to gain exposure and be recognized by a broader segment of the investment community. We have witnessed that a number of companies which Up-List to national exchanges experienced impressive increases in liquidity. GreenHouse is confident that now is the appropriate time to move to a senior exchange, as our operations have increased both domestically and abroad. The Up-Listing will allow us to attract additional investors as we strive to improve shareholder value."

The Board of Directors has now announced that they have made the following appointments in advance of the planned Up-Listing:


  • Sy Siegel as the Chair of the Audit Committee;
  • Charles Allured as the Chair of the Compensation Committee; and
  • General Floyd Trogden as the Chair of the Nominating Committee.

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.

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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CNO Financial Group, Inc. (NYSE:CNO) announced that James S. Sawaya has joined the company as Vice President of Claims. He will report to Grace Cowan, Senior Vice President of Operations.
Sawaya, 49, joins CNO from HealthEOS by Multiplan, Inc., where he served as Senior Vice President responsible for claim operations, client services, sales and customer service. Additionally, Sawaya served in key leadership roles with UnitedHealthcare and Midwest Security Insurance Companies.

CNO is a holding company. Our insurance subsidiaries – principally Bankers Life and Casualty Company, Colonial Penn Life Insurance Company and Washington National Insurance Company – serve working American families and seniors by helping protect against financial adversity and provide for a more secure retirement.

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RAIT Financial Trust (NYSE:RAS) is pleased to announce that, since taking control of McDowell Mountain Business Park in Scottsdale, Arizona, RAIT has attracted new tenants, bringing occupancy to 70% at November 2010. RAIT has leased approximately 91,793 square feet or 36% of the property since taking control. The property will begin to see the economic benefit from these leases during the fourth quarter of 2010.

RAIT Financial Trust manages a portfolio of real estate related assets, provides a comprehensive set of debt financing options to the real estate industry and invests in real estate related assets. RAIT's management uses its experience, knowledge and relationship network to seek to generate and manage real estate related investment opportunities for RAIT and for outside investors.

 

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Technitrol Inc. (NYSE:TNL) announced on November 8, 2010 it has changed its name to Pulse Electronics Corporation. In connection with the name change, the Company will change the ticker symbol for its common stock listed on the New York Stock Exchange to “PULS” from “TNL” and has changed its web site. The Company’s stock will begin trading under the new name and new ticker symbol at the start of trading on Monday, November 15, 2010. In the interim, the Company will continue to trade under the “TNL” ticker.

Technitrol, Inc. provides precision-engineered electronic components and modules worldwide.

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