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Kennedy Wilson Holdings Inc. (NYSE:KW) announced that the company offered and sold 20 units, generating $6.6 million of sales, at its Sunday, November 14th auction of luxury condominiums at The Fairview at Harbour Pointe. The auction was held at the Lynnwood Convention Center near downtown Seattle, and approximately 225 people attended the auction. “We are very pleased to represent such an outstanding resort-style development,” commented Rhett Winchell, president of Kennedy Wilson Auction Group. "The luxury condominium home shopper makes up approximately 50% of our auction buyers, and this auction is Kennedy Wilson’s seventh successful offering within the last 90 days reaching both coasts.”
Kennedy-Wilson Holdings, Inc. operates as a diversified real estate company that provides investment and real estate services in the United States and Japan. The company operates in two business units, KW Investments and KW Services. The KW Investments business unit co-invests through separate accounts and closed-end funds in the acquisition of real estate, including office, multi-family, loans, retail, hotels, residential condominiums, and land for development.
Safe Bulkers, Inc. (NYSE:SB) an international provider of marine drybulk transportation services, announced that it has entered into a shipbuilding contract for the construction of a Chinese-built, drybulk Kamsarmax-class vessel of approximately 82,000 deadweight tons at a contracted price of $34 million, with an expected delivery date in the fourth quarter of 2011.The Company's fleet after this newbuild acquisition will expand to 23 vessels with deadweight capacity of approximately 2.1 million tons by 2013.Dr. Loukas Barmparis, President of the Company, said: "We have contracted to acquire one additional newbuild Kamsarmax-class vessel with a delivery date within the next year. This new vessel will be a sistership of two newbuild vessels that we have existing orders in place for. We believe that the acquisition of sistership, high specification vessels provides us with enhanced operational flexibility and optimizes our ability to control fleet operating expenses."
Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company transports various bulk cargoes, such as coal, grain, and iron ore. The company's fleet comprises 15 vessels, including Panamax, Kamsarmax, Post-Panamax, and Capesize class vessels with an aggregate carrying capacity of 1,346,900 deadweight tons. Safe Bulkers, Inc. was incorporated in 2007 and is based in Athens, Greece.
PTS, Inc. (OTCPK:PTSH)
MC Universal Art has been designing and installing quality framed art for over 30 years. They are a leading provider of wholesale and retail art frames, fine art prints, signed limited additions, as well as providing interior design consulting services. MC Universal Art works with leading interior designers, architects, and office furniture dealers - they help their wholesale clients achieve an environment that drives the image and identity they want to project for customers.
In other company news, PTS, Inc. announced recently that through its ThinLine division it has signed a 3 year IT Services deal with United Power.
United Power (www.unitedpowerinc.com) is 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.
PTSH intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, PTSH engaged in the provision of accessibility compliance consulting services to government, school districts, and municipalities and other public entities, as well as to retail, commercial, recreational, and corporate customers. PTS, Inc. was founded in 1996 and is based in Las Vegas, Nevada.
To learn more about PTSH visit: http://www.ptspi.com
Evergreen Energy, Inc. (NYSE:EEE) a green energy technology solutions company, announced its financial results for the three month period ended September 30, 2010. The company also provided a business update. Tom Stoner, chairman and CEO of Evergreen, stated: “Over the past year, the management team and board of directors have been working toward a common vision of building Evergreen into a global green technology leader, thereby creating value for all its stakeholders. We have taken steps to position the company for growth by rebuilding our core business relationships, selling non-core assets, improving our balance sheet, and ensuring we have the leadership in place to develop and bring our K-Fuel® and GreenCert™ technologies to market. For our K-Fuel technology, we are evaluating utilizing certain equipment from the Fort Union site in a design to construct and operate a K-Fuel refined coal demonstration plant in the United States. If the demonstration plant is constructed, we anticipate that it would be used to provide quantities of K-Fuel refined coal sufficient to support project development opportunities domestically and internationally and explore further process enhancement concepts. We are also focused on furthering key partnerships that would broaden the K-Fuel technology applications and introduce the process to new geographies. For GreenCert, we are focused on growing our customer pipeline, enhancing the features of GreenCert EMIT offering and advancing GreenCert Energy 2.0 toward revenue generation.”
Evergreen Energy Inc. operates as a cleaner coal technology, energy production, and environmental solutions company. It develops GreenCert suite of software and services, an environmental intelligence solution that quantifies greenhouse gas emission avoidances and reductions, and generates verifiable emissions offsets, as well as measures greenhouse gases and other environmental costs enabling customers to manage and report their environmental assets and liabilities.
Hiru Corporation (OTCPK:HIRU)
Hiru Corporation(Other OTC: HIRU.PK) subsidiary Jiangxi Shuangshi Pharmaceutical Co., Ltd (Shuangshi AHP) met with representatives of the Chinese Ministry of Agriculture and pooled their views on the quality control of veterinary products in China.
China is the world’s largest livestock producer and consumer, and the safety and quality of food products is becoming an increasingly pressing concern. Shuangshi AHP general manager Xie Xue-Song presented Ministry of Agriculture representatives with the company’s views on the quality control of veterinary products delivered by the domestic veterinary pharmaceutical manufacturers.
Besides determining food safety regulations and policies, the Ministry of Agriculture also operates disease research laboratories and administers vaccinations and emergency responses for diseases. Based on the Shuangshi report, the director of Pharmaceutical Affairs, Diansheng Lin, and his team offered to provide Shuangshi AHP with additional research into these issues.
China’s government recently earmarked RMB 2.06 billion ($304 million USD) for the 2010 Ministry of Health immunization program and, following recent tainted food scandals, tightened food safety laws and inspections. By analysing current industry practices and recommending improvements, Shuangshi AHP aids the government in its effort to ensure quality food production and veterinary product safety in China.
Hiru Corporation operates through its subsidiary, Jiangxi Shaungshi Pharmaceutical Co., Ltd., is a producer of Chinese herbs for the naturopathic industry in China. Jiangxi Shaungshi Pharmaceutical Co., Ltd. focuses on producing and manufacturing of herbs, herbal extracts and herbal preparations. The company's products are based on the traditional Chinese systems. Company researches and develops dosage approaches and health applications of these traditional recipes. On December 3, 2009, HIRU completed the merger with the China-based company Jiangxi Shaungshi Pharmaceutical Co., Ltd.
To learn more about HIRU visit: http://www.hirucorporation.com
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