Tongjitang Chinese Medicines Co. (NYSE:TCM) a leading specialty pharmaceutical company focusing on the development, manufacturing, marketing and selling of modernized traditional Chinese medicine in China, announced that it has filed a going-private transaction statement on Schedule 13E-3 ("Going-Private Statement") with the United States Securities and Exchange Commission ("SEC"). Attached as an exhibit to the Going-Private Statement is a preliminary proxy statement (the "Preliminary Proxy Statement") to be used in connection with an extraordinary general meeting of shareholders (the "EGM") which Tongjitang expects to hold on or about February 28, 2011, subject to obtaining required regulatory approvals prior to such date.
Tongjitang Chinese Medicines Company, through its subsidiaries, engages in the development, manufacture, marketing, and sale of Chinese medicines, nutritional products, and Tibetan recipe-originated plant-based medicines in the Peoples Republic of China.
Natuzzi SpA (NYSE:NTZ) Italy’s largest furniture manufacturer and world’s leading manufacturer of leather-upholstered furniture, announced its financial results for the third quarter and first nine months of 2010. Total Net Sales were €386.7 million, up 6.5% as compared to the first nine months of 2009. Industrial Margin was €145.9 million as compared to €126.3 million of the first nine months of 2009. Positive EBIT of €0.2 million, as compared to a negative EBIT of €12.6 million of the first nine months of 2009. Total Net Sales were €115.0 million, down 2.8% as compared to the third quarter of 2009.
Natuzzi S.p.A., together with its subsidiaries, engages in the design, manufacture, and marketing of leather and fabric-upholstered furniture. Its products principally include sofas, loveseats, armchairs, sectional furniture.
GreenHouse Holdings, Inc., a leading provider of energy efficiency solutions and sustainable infrastructure products, announced this week that it has been engaged to utilize Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program in Gulfstream Aerospace Corporation's Long Beach, CA facility. GRHU is a qualified service provider of SCE's Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies and complete processing of all incentives.
"Auto-DR is just one of the innovative services Greenhouse offers to help our clients reduce energy consumption by deploying state-of-the-art technology," says Rob Davis, Vice President of GRHU. "We are truly honored to be selected by Gulfstream and we are looking forward to the Auto-DR project as the first of many services offered in support of Gulfstream's corporate energy stewardship initiatives. This project goes to the heart of Greenhouse's mission to deliver sustainable solutions that reduce energy consumption with a positive return on investment."
In other company news, GreenHouse Holdings, Inc. presented at the 3rd annual LD MICRO conference on Track 4 at the Luxe Sunset Bel Air, in Los Angeles, California. Mr. John Galt, Executive Chairman, provided a complete business update and answer questions relating to GreenHouse Holdings' recent operational updates.
Furthermore, GreenHouse Holdings, Inc., a San Diego, California-based integrated energy solutions provider and developer of eco-friendly infrastructure, recently announced the results of operations for the third quarter of Fiscal Year 2010 and is providing a shareholder update.
"Management is pleased with our operational and financial growth," stated Chris Ursitti, CEO of GreenHouse Holdings. "Life Protection Inc. and the pending acquisition of Control Engineering, Inc. will provide the company with a strong foundation of growth while positioning us as a market leader within the energy efficiency and load reduction arena. In addition to expanding operations within the residential, commercial and governmental markets, we also anticipate expansion from our industrial clients as we deploy our Automated Demand Response products. We are confident that these developments will rapidly increase earnings, expand margins and allow us to achieve our ultimate goal of increased shareholder value."
About GreenHouse Holdings, Inc.
GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world's most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, and industrial and government markets around the globe. GreenHouse provides energy-efficiency products, energy management systems, eco-friendly infrastructure, scalable waste-to-fuel bio-fuel and closed loop systems, as well as other proprietary technologies and products that are utilized to provide a greener and safer future for millions of people. Other flagship products and solutions include the Green Village, R.A.P.S., and One Link.
To learn more about GRHU visit: http://www.greenhouseintl.com
Cincinnati Bell Inc. (NYSE:CBB) announced that more than 25,000 Cincinnati and Northern Kentucky households now subscribe to its Fioptics product suite. Fioptics offers state-of-the-art digital television with more than 325 channels and broadband Internet with speeds up to 100 mbps—the fastest available in the Tri-State. Cincinnati Bell’s Fioptics includes digital television, broadband Internet and home phone service delivered through a fiber-optics network. The company launched Fioptics in 2009 and services are currently available to over 70,000 households. Cincinnati Bell plans to steadily expand Fioptics coverage as it completes necessary network upgrades. Areas where Fioptics is available can be found at www.cincinnatibell.com/fioptics.
Cincinnati Bell Inc. provides data and voice communications services over wireline and wireless networks, as well as offers data center operations, related management services, and equipment in the United States.
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