Heartland Financial USA Inc. (Nasdaq:HTLF) reported net income of $6.5 million for the quarter ended December 31, 2010, compared to a net loss of $7.9 million for the fourth quarter of 2009. Net income available to common stockholders was $5.2 million, or $0.31 per diluted common share, for the quarter ended December 31, 2010, compared to a net loss of $9.2 million, or $0.56 per diluted common share, for the fourth quarter of 2009. Return on average common equity was 8.06 percent and return on average assets was 0.50 percent for the fourth quarter of 2010, compared to negative 14.76 percent and negative 0.92 percent, respectively, for the same quarter in 2009.
Heartland Financial USA, Inc. is a $4.0 billion diversified financial services company providing banking, mortgage, wealth management, investment, insurance and consumer finance services to individuals and businesses.
GreenHouse Holdings, Inc., a leading provider of energy efficiency solutions and sustainable infrastructure products, encourages and assists companies of all sizes with efforts to identify and adopt strategies that fully incorporate the various incentive programs offered through their local utilities. These programs provide significant monetary incentives for acting on projects that improve energy efficiency and pays consumers for participating in periodic consumption reductions (Demand Response or DR) -- increasing a business' bottom line for the coming year.
The question most frequently asked of GRHU by its clients is how to reduce (utility-influenced) operational costs by managing consumption. In an effort to be more sustainable or green, GRHU suggests companies adapt the following strategies and tactics to their business plan for 2011:
- When starting a consumption-related utility incentive program, partner with only highly reputable companies who know all of the facts; bad choices can actually escalate costs
- Use the latest in lighting technology and embrace proper lighting techniques for businesses
- Automation -- the backbone of the energy efficiency process worldwide. Install an Automated Demand Response program (ADR) for energy efficiency and load curtailment
- Renewable Fuels (wind, solar, etc.) -- Part of the equation, not the solution
To learn more about GRHU visit: http://www.greenhouseintl.com
Inter Parfums Inc. (Nasdaq:IPAR) announced that net sales for the fourth quarter of 2010 reached $112.5 million, off slightly from $112.9 million in the fourth quarter of 2009. At comparable foreign currency exchange rates, net sales for the fourth quarter were actually up 6.0%. Thus, net sales for 2010 increased 12.4% to a record $460.4 million from $409.5 million in 2009. At comparable foreign currency exchange rates, net sales for 2010 rose 18.0% compared to 2009. Inter Parfums plans to issue final results for the 2010 fourth quarter and year on or about March 9, 2011 and conduct a conference call on the following day.
Inter Parfums, Inc., together with its subsidiaries, engages in the manufacture, marketing, and distribution of various fragrances and fragrance related products primarily in the United States and Europe. Inter Parfums, Inc. was founded in 1985 and is headquartered in New York, New York.
American Video Teleconferencing Corp. (OTCPK:AVOT)
American Video Teleconferencing Corp. this month announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company's exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology, has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.
AVOT is looking forward to this new relationship with Mr. Lockhart as he will be able to provide the guidance, expertise and leadership that will be needed moving forward, as he has had many years experience working in the province of Quebec.
Québec is remarkable from the standpoint of the wealth of its tremendous land area that has scarcely been tapped. It has roughly 30 mines, 158 exploration firms and 15 primary processing industries. Some 30 minerals are mined, of which the leading ones are gold, iron, titanium, asbestos, copper, zinc and silver. Scarcely 40 % of Québec's mineral potential is now known.
In 1999, the value of Québec mineral shipments reached $ 3.6 billion. The mining industry accounts for nearly 18,000 direct jobs and investment reaching $ 1 billion.
In Québec, more than 90 % of the substratum is made up of Precambrian rock, a geological formation well known for its deposits of gold, iron, copper and nickel. Since the Québec mining industry took off in the 1920's, it has maintained steady growth.
In other company news, AVOT recently announced that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
Marten Transport Ltd. (Nasdaq:MRTN) reported a 22.2% increase in net income to $5.2 million, or 24 cents per diluted share, for the fourth quarter ended December 31, 2010, from $4.3 million, or 19 cents per diluted share, for the fourth quarter of 2009. For 2010, net income increased 21.4% to $19.7 million, or 90 cents per diluted share, from $16.3 million, or 74 cents per diluted share, for 2009. Operating revenue, consisting of revenue from truckload and logistics operations, increased to $136.6 million in the fourth quarter of 2010 from $128.7 million in the 2009 quarter. In 2010, operating revenue increased to $516.9 million from $505.9 million in 2009.
Marten Transport, with headquarters in Mondovi, Wis., is one of the leading temperature-sensitive truckload carriers in the United States. Marten's common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.
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