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CTS Corporation (NYSE:CTS) announced on monday that it has entered into a new bank agreement that provides the Company with an unsecured revolving credit facility of $150 million for a five-year term through November 18, 2015. This new facility will be used for general corporate purposes, ongoing working capital, strategic expenditure requirements and acquisitions. The new credit facility replaces the Company’s existing five-year $100 million facility that was scheduled to expire in June 2011.
CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing services (NYSE:EMS) to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. CTS manufactures products in North America, Europe and Asia.
Eline Entertainment Group Inc. (OTCPK:EEGI)
Eline Entertainment Group, Inc. subsidiary Let The Good Times Roll (LTGTR) has released their new brand image for Let the Good Times Roll.
The three entities acquired - LTGTR, Bad Boy Party Buses and Limos, and Midnight Express - are being integrated under the umbrella of LTGTR. The company is in the process of amending the corporate governance and state filings. LTGTR is releasing the new logo and will work quickly to upgrade the company's websites, vehicles, and sales collateral.
"We are updating our corporate image immensely. Investors will be able to see all of our websites combined into one new corporate website with a new logo and corporate branding very soon," said Debra Davis, President of LTGTR.
Eline Entertainment Group, Inc. operates in the educational industry in China. EEGI operates 12 educational training centers for nursery students; and 4 training programs. EEGI was formerly known as Eline Music.com, Inc. and changed its name to Eline Entertainment Group, Inc. in April 2001. Eline Entertainment Group, Inc. is based in Hendersen, Nevada.
To learn more about EEGI visit: http://www.elineentertainment.com
Cubic Defense Applications, the defense systems segment of Cubic Corporation (NYSE:CUB), announced yesterday that it has been awarded a follow-on contract worth more than $30 million for support work at two British Army training areas in Canada and England.
Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. Cubic Transportation Systems is the world's leading provider of automated fare collection systems and services for public transit authorities.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. announced today that its previously announced joint venture with Communication Expert Corporation has been dissolved.
In other company news, Crown Equity Holdings Inc. is pleased to report its financial results for the nine month period ending September 30, 2010. Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009. CRWE incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009. Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by CRWE.
Furthermore, CRWE announced recently 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.
The new office in the city of Attock, as well as the office in Islamabad will be managed by Zeeshan Shabbir.
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
Cubic Energy, Inc. (NYSE:QBC) recently announced the filing of its 10K Annual Report earlier today.
Some of the highlights of Cubic's recently filed 10K Annual Report are:
- Revenue increased 309% in 4th Quarter fiscal 2010 compared to 4th Quarter fiscal 2009
- EBITDA increased 262% in 4th Quarter fiscal 2010 compared to 4th Quarter fiscal 2009
- Cost & Expenses (G&A) increased only 23% in fiscal 2010 compared to fiscal 2009
- The Company posted a $150k profit in 4th Quarter fiscal 2010
- A 40% increase in total proved reserves in fiscal 2010 compared to fiscal 2009
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Company's oil and gas assets and activity are concentrated primarily in Louisiana and Texas.
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