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PTSH, HIRU, EEGI, GS, OHI, GLW - Comapnies Moving Forward

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PTS, Inc. (OTCPK:PTSH) announced recently that through its ThinLine division it has signed a 3 year IT Services deal with United Power.

United Poweris acknowledged experts on the resale of products especially suited for medium voltage power distribution, in addition to providing a wide portfolio of products for other aspect of the electrical utility business. United Power has been serving electrical utility Customers within Georgia continuously since 1976. They have developed a reputation for customer sensitivity, fair dealing and exceptional quality during this time.

United Power required an IT solution that would allow them to contact one source for all of their IT needs.

"United Power is a well-established and quality company that has been a leader in their field for decades" stated Raj Kalra CEO of PTSH. "They were looking for a one stop shop that would be able to handle their IT, disaster recovery and hardware needs without making more than one phone call. ThinLine's managed IT solution was designed for this task. We look forward to working with the team at United Power and I am always excited to add a quality client to our growing portfolio of managed It customers," added Raj Kalra.

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Hiru Corporation (PINK:HIRU) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.

The company's various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.

Services at the natural health clinic include specialty massage, EIS scanning, acupuncture, and computer-guided biofeedback scanning.

HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.

In other corporate news, HIRU intends to rescind the 5-1 forward split previously under consideration, as upon further review the management is of the opinion that this course of action would not be in the best interest of the shareholders.

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Eline Entertainment Group, Inc. (PINK:EEGI) has completed their merger with Vu365. Vu365 has been looking to enter the US market for quite some time, and this merger is the perfect opportunity. According to sources, Vu365 offers revenues in the $2 million USD range, with profits of $500,000 USD.

Vu365 is a popular China-based video game designing company. Founded in 2005, the group designs online and casual video games including strategic web games, cyber games and 3D large scale competitive games and has several products in development.

Eline Entertainment Group is happy to have Vu365 on their team and feels that they are a nice complement to their existing subsidiary, Let the Good Times Roll.

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The Goldman Sachs Group, Inc. (NYSE:GS) recently reported that Lloyd Blankfein, Chairman and CEO is scheduled to present at the Bank of America Merrill Lynch 2010 Banking and Financial Services Conference in New York City, on Tuesday, November 16, 2010 at 8:50 a.m. (EST).

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Omega Healthcare Investors, Inc. (NYSE:OHI) recently reported the pricing of $350 million aggregate principal amount of 6¾% senior notes due 2022. The notes will be issued at a price equal to 103% of their face value (equivalent to a 6.26% yield per annum), before initial purchasers’ discount. The notes offered will be of the same series as, and thus will have the same terms as, OHI’s existing $225 million aggregate principal amount of 6¾% senior notes due 2022. The offering is expected to close on November 23, 2010, subject to customary closing conditions.

The notes will be unsecured senior obligations of OHI and will be guaranteed by each of Omega’s subsidiaries that guarantee OHI’s existing notes and senior secured revolving credit facility. The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons outside of the United States under Regulation S of the Securities Act.

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Corning Incorporated (NYSE:GLW) recently reported the commercial availability of EAGLE XG® Slim glass substrates in larger generation sizes to support LCD panel manufacturing for larger applications like TV and large monitors.

The report came at FPD International, a major industry trade show in Makuhari Messe, Japan.

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