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Cavico Corp. (NASDAQ:CAVO)
Cavico Corp. provides construction and engineering services for civil construction infrastructure projects. CAVO constructs tunnels, roads, highways, bridges, mines, and dams. CAVO also invests in hydropower electric plants, cement production plants, mining operations, and urban developments in Vietnam and Laos. In addition, CAVO engages in trading machinery, equipment, and materials for civil construction industry; cement factory and tourism zone operation; stone exploitation business; and steel fabrication business, as well as leasing machinery and equipment. CAVO serves customers primarily in the public sector. CAVO is based in Huntington Beach, California.
Cavico Corp. today announced that its subsidiary, Cavico Hydropower Construction, has signed a tunnel construction contract with Song Giang Hydropower Joint Stock Company for the Song Giang 1 hydropower plant in Khanh Vinh District, in central Vietnam's Khanh Hoa Province. The cost-adjustable contract is valued at approximately $7.75 million.
The twin-unit plant, which is located 31 miles from Nha Trang city, will have a 24-MW annual capacity once it becomes operational. Song Giang Hydropower Joint Stock Company expects to invest a total of $23.2 million in the plant.
Under the terms of the contract, Cavico will excavate and construct a total of 11,500 feet of 10.5-foot-wide tunnels and a 131-foot-high surge tank that will measure 30.2 feet in diameter. Revenue will be recognized in stages as Cavico completes each phase of the project.
"We are very pleased to announce our second contract of 2011," commented Mr. Hai Thanh Tran, vice president of CAVO. "This is the largest hydropower project in Khanh Hoa Province. In 2011 Cavico expects to be awarded many more tunnel construction projects as well as other civil and infrastructure construction projects throughout Vietnam. We are very confident that we will maintain our strong position in this sector due to our modern fleet of equipment and our skilled, experienced labor force."
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Proper Power & Energy, Inc. (OTC:PPWE)
PPWE reported this month that its wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky. ARI has completed the re-work on all 4 wells, with those wells online and pumping.
Additionally, PPWE has restructured its executive management team and entered into a strategic alliance.
Andrew J. Kacic will replace Joseph Abdo as President of PPWE. Mr. Kacic brings more than 32 years of progressive experience as a chief executive in oil and gas, investment banking, insurance services and public securities. Mr. Kacic was the founder and president of American Resources of Delaware, Inc. and its subsidiary Southern Gas Company, successfully taking assets from $220,000 to more than $40 million in less than 4 years. Mr. Abdo will remain the Chief Executive Officer and Chairman of the Board.
Furthermore, PPWE commented recently on a Wall Street Journal Article titled "Oil's Rise Is a Sticky Situation for Recovery". (Dated January 12, 2011 Section C). The article discussed the current environment of rising oil prices and its effect on consumers and the impending economic recovery. With oil prices at nearly $90 per barrel, consumers fear oil prices will return to their 2008 levels, when oil peaked over $145 per barrel. "A 2008 – style shock isn't a certainty, but an upward trend is clear. Goldman Sachs expects oil prices to average $100 a barrel this year….," the article is quoted as saying.
About Proper Power & Energy:
Proper Power & Energy, Inc. is an independent exploration and production company. PPWE's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which PPWE controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to PPWE, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
To learn more about PPWE visit: http://properpower.com
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CAS Medical Systems Inc (Nasdaq:CASM) announced receipt of 510(k) clearance from the U.S. Food and Drug Administration (FDA) for expanded labeling of its FORE-SIGHT Absolute Tissue Oximeter to monitor skeletal muscle of infants, children and adolescents weighing between 5 and 50 kg. The FORE-SIGHT Absolute Tissue Oximeter is used for the continuous, non-invasive monitoring of oxygen saturation of blood in the brain of patients in critical situations. FORE-SIGHT provides highly accurate absolute measurement of oxygenation levels which allows clinicians to take immediate corrective action when those levels become dangerously low. With this FDA cleared indication, FORE-SIGHT can now be clinically utilized for use on both brain and skeletal muscle.
CAS Medical Systems, Inc. develops and manufactures medical devices for non-invasive patient monitoring.
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RealNetworks Inc. (Nasdaq:RNWK) will release its financial results for the fiscal year and fourth quarter ended Dec. 31, 2010, on Thursday, Feb. 10, 2011. The company will host a Webcast and conference call to review results and discuss the company's performance at 5 p.m. ET. Investors are invited to join the live audio Webcast at 5 p.m. ET on Feb. 10. The Webcast will be available at: http://investor.realnetworks.com. Webcast participants will need RealPlayer to hear the webcast, which can be downloaded at www.real.com. The on-demand Webcast will be available beginning approximately two hours following the conclusion of the live Webcast.
Real creates innovative applications and services that make it easy to connect with and enjoy digital media. Real invented the streaming media category in 1995 and continues to connect consumers with their digital media both directly and through partners, aiming to support every network, device, media type and social network.
*****Uroplasty Inc. (Nasdaq:UPI) announced that it will release financial results for the third quarter ended December 31, 2010, at the market close on Thursday, January 27, 2011. The Company will host a conference call to discuss these results on Thursday, January 27, 2011 at 4:30 p.m. Eastern Time (3:30 p.m. Central Time). David Kaysen, President and Chief Executive Officer, and Medi Jiwani, Vice President, Chief Financial Officer and Treasurer, will host the call. Individuals wishing to participate in the conference call should dial 877-941-8609. An audio replay will be available for 30 days following the call at 800-406-7325 (domestic) and 303-590-3030 (international), with the passcode 4402505#.
Uroplasty, Inc., headquartered in Minnetonka, Minnesota, with wholly-owned subsidiaries in The Netherlands and the United Kingdom, is a medical device company that develops, manufactures and markets innovative proprietary products for the treatment of voiding dysfunctions.
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