Powell Industries, Inc. (Nasdaq:POWL) a leading manufacturer of equipment and systems for the management and control of electrical energy and other critical processes, announced results for the fiscal 2010 fourth quarter and year ended September 30, 2010. Revenues for the fourth quarter of fiscal 2010 were $133.8 million compared to revenues of $165.3 million for the fourth quarter of fiscal 2009. The Company recorded a net loss for the fourth quarter of $(4.8) million, or $(0.41) per share, compared to net income of $9.9 million, or $0.85 per diluted share, in the fourth quarter of fiscal 2009. Excluding certain non-cash charges, net income for the fourth quarter was $4.5 million.
Powell Industries, Inc. develops, designs, manufactures, and services equipment and systems for the management and control of electrical energy and other critical processes in the transportation, environmental, energy, industrial, and utility industries.
Douglas Lake Minerals Inc. (OTC:DLKM)
Douglas Lake Minerals Inc. has recently received approval from its Board of Directors to both enter into and immediately close upon the terms and conditions of a certain Mineral Property Acquisition Agreement, with IPP Gold Ltd., to acquire a 100% interest in four prospecting licences (the "PLs"), totaling approximately 800 square kilometres, located in the Handeni District of Tanzania and which are owned or controlled by IPP Gold and its affiliates.
Harp Sangha, CEO of DLKM, stated: "This new Acquisition Agreement with IPP Gold represents a significant step forward for the Company. Along with our new partners at IPP Gold, we will map out our new strategy and course of action over the coming weeks and months. The Handeni District has become alive with activity since the extraordinary drilling results from Canaco Resources have placed this region on the world stage. We plan to focus our energy and resources on the exploration and potential development of this new acquisition. Our aim is to direct Douglas Lake down a path towards success."
Douglas Lake Minerals Inc. offers gold mining and exploration services. DLKM is based in Surrey, Canada.
To learn more about DLKM visit: http://www.douglaslakeminerals.com
Potlatch Corporation (Nasdaq:PCH) declared a quarterly distribution on the Company's common stock. The distribution of $0.51 per sharePotlatch is a Real Estate Investment Trust (REIT) with approximately 1.5 million acres of timberland in Arkansas, Idaho, and Minnesota. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources.
Potlatch Corporation operates as a real estate investment trust (REIT) that owns and manages timberlands located in Arkansas, Idaho, Minnesota and Wisconsin in the United States.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Tele Services Inc. (http://www.crownteleservices.com) is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.
CRWE announced in June of this year its 1- 10 forward stock split, as well as in August announcing that CRWE had surpassed One Million dollars (1,000,000) in sales.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. CRWE offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
To learn more about CRWE visit: http://www.crownequityholdings.com
Virgin Media, Inc. (Nasdaq:VMED) announced the repurchase of 500,000 shares of common stock as a part of the £700 million capital return program previously announced. The highest price paid per share was $27.24 and the lowest price paid per share was $26.89. The repurchased shares will be cancelled. As of 8 December 2010, after giving effect to the cancellation of these shares, the number of shares of common stock issued and outstanding would be 321,941,267. Source: Virgin Media Inc.
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