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FGF, NKA, CLDT, COUV, SAVW - Stock Reports! from CRWEfinance.com

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Corporate Universe Inc. (OTCPK:COUV)

John Ahearn, President, stated, "In a few short weeks we have made great strides in getting our company reorganized and moving forward. I believe that many great things are in store for Corporate Universe Inc. in the future and all of us are working very hard and diligently to make it happen. As part of our growth strategy COUV intends to grow the company both organically and through mergers of successful companies in our business industry or business space. COUV management and the Mina Mar Group Mergers and Acquisition Division will be meeting to discuss potential business opportunities and candidates in the near future."

  • COUV has opened its new corporate office at 3771 Nesconset Highway, South Setauket, NY. The new office allows COUV to operate all of its divisions and subsidiaries in a centrally located place. Manhattan Transfer Registrar Company will continue to be located in Miller Place.
  • Now that the corporate changes are fully implemented, including the name change to Corporate Universe Inc., trading under the symbol (OTCPK:COUV), and the forward split of 10 new shares for each old share of common stock, COUV is ready for business and intends to keep its followers advised on a timely basis.
  • COUV corporate website, www.corp-universe.com, went live recently and has officially been launched. The management will continue to update and improve it over the coming weeks.

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SunAmerica Focused Alpha Growth Fund Inc. (NYSE:FGF) announced that in accordance with its in-kind tender offer (the “Offer”) to acquire up to 30% of its outstanding shares of common stock, which expired at 5:00 p.m. Eastern time on Thursday, November 18, 2010, the Fund has accepted 6,106,571 properly tendered shares, representing 30% of the Fund’s outstanding shares of common stock, at a price per share of $17.96 (the “Purchase Price”), which is equal to 98.5% of the Fund’s net asset value per share as of the close of regular trading on the New York Stock Exchange on November 19, 2010. The total value of the assets of the Fund to be distributed in payment for such properly tendered shares accepted in the Offer based on the Purchase Price is $109,674,015.

SunAmerica Focused Alpha Growth Fund Inc. is a close ended equity mutual fund launched and managed by SunAmerica Asset Management Corp.

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Niska Gas Storage Partners LLC (NYSE:NKA) reported Adjusted EBITDA (as defined below) for its second fiscal quarter ended September 30, 2010 of $39.2 million, compared to $33.1 million for the second quarter of fiscal 2010. Adjusted EBITDA for the six months ended September 30, 2010 was $74.5 million, compared to $58.4 million in the same period last year. Cash Available for Distribution (as defined below) was $20.1 million for the three months and $37.4 million for the six months ended September 30, 2010, respectively. Net earnings for Niska's second quarter and six months ended September 30, 2010 were $31.4 million and $32.0 million respectively, compared to three month and six month losses of $30.3 million and $45.0 million for the comparable periods in the prior year.

Niska Gas Storage Partners LLC owns and operates natural gas storage assets in North America.

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Chatham Lodging Trust (NYSE:CLDT) a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels, announced that it is commencing an underwritten public offering of 7 million common shares. The company expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional common shares to cover overallotments, if any. The company intends to use the net proceeds of the offering to repay debt under its secured revolving credit facility, to acquire additional hotels and for general business purposes. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.

Chatham Lodging Trust is a self-advised real estate investment trust that was organized to invest in upscale extended-stay hotels and premium-branded select-service hotels. The company currently owns 13 hotels with an aggregate of 1,650 rooms/suites in nine states.

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http://pennyomega.com/img/savw.jpg SavWatt USA, Inc. (OTC:SAVW)

SavWatt USA, Inc., pioneers in LED lighting and the Green revolution, recently announced that their first product has been approved and received Lighting Facts Certification by the U.S. Department of Energy. As innovative LED lighting products emerge, the facts about LED lighting performance must hit the market with equal speed. Clear labeling on lighting performance is the critical link between innovation and successful market introduction. Lighting Facts showcases LED luminaire manufacturers who commit to testing products and reporting performance results according to industry standards. For lighting buyers, designers, and energy efficiency programs, the Lighting Facts label provides information essential to evaluating products and identifying the best options.

Michael Haug, CEO of SAVW, commented, "This is a proud and exciting moment for SavWatt, having Lighting Facts certification means we are one of the few companies that meet the U.S. Department of Energy standards. This endorsement means SavWatt's Brand has the quality and performance American consumers demand."

To learn more about SAVW visit:  http://www.savwatt.com

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