Basic Energy Services, Inc. (NYSE:BAS) announced that it has priced an upsized private offering of $275 million of Senior Notes due 2019, which will bear interest at a rate of 7.750% per annum, increased from the previously announced amount of $250 million. The notes are being sold at 100.000% of their face amount. Basic Energy Services expects to close the sale of the notes on February 15, 2011, subject to the satisfaction of customary closing conditions. Basic Energy Services intends to use the net proceeds from the offering, after discounts and estimated offering expenses, to fund its pending tender offer and consent solicitation for its existing 11.625% Senior Secured Notes due 2014 ("Senior Secured Notes") and to redeem any of the Senior Secured Notes not purchased in the tender offer, and the remainder for general corporate purposes.
Basic Energy Services, Inc. provides a range of well site services to oil and gas drilling and producing companies in the United States. The companys Well Servicing segment provides services in a mobile well servicing rig, including installation and removal of downhole equipment, elimination of obstructions in the well bore, and plugging and abandonment services.
Colonial Properties Trust (NYSE:CLP) announced that it has added Edwin M. “Mac” Crawford, the former chairman and chief executive officer of Caremark Rx Inc., to the company’s Board of Trustees, effective January 26, 2011. Mr. Crawford’s term will run through the company’s 2011 annual shareholders meeting on April 27, 2011, and he will stand for election at that meeting.
Colonial Properties Trust is a real estate investment trust (REIT). The firm engages in the acquisition, development, ownership, management, and leasing of commercial real estate properties.
Proper Power & Energy, Inc. (OTC:PPWE)
Americans use massive amounts of oil. Although we make up only 5% of the world’s population, the U.S. burns 25% of the Earth's oil production. America characterizes the oil-dependent lifestyle.
Oil is the raw material that makes the functioning possible of nearly every element of the U.S. economy, directly or indirectly. It supplies 40% of the nation’s power supply—way above any other source. Oil gives power to our industries, gives heat to our buildings, and supplies the raw material for plastics, paints, textiles, and many more materials. But it is in our transportation that oil is most important.
Oil supplies 97% of the fuel consumed by America’s gigantic fleet of trucks, trains, planes, ships, buses and cars.
Proper Power & Energy, Inc. announced recently that it 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.
To learn more about PPWE visit: http://properpower.com
Crown Equity Holdings Inc. (OTCPK:CRWE)
Commenting on the venture with Crown Tele Services Inc, Kenneth Bosket, president said, "We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice."
Design & Integration to Implementation Services
From assessment and design to integration to installation, as well as consulting and training to ongoing maintenance, across Mobility & Unified Communications, Security, Voice & Video, Contact Centers and Networks. Crown TeleServices Implementation Services help ensure your system is deployed for optimum performance and satisfaction.
- Least-cost routing for outbound telephone calls to reduce long-distance charges
- 911 call-routing design to ensure the correct first responder is called and accurate information is delivered
- Complex call routing requirement
- Disaster recovery plan and support
- Long-term capacity planning
After all, the backbone of any successful communication system deployment is a sound design.
Crown TeleServices' approach to understanding your communication requirement starts with a network assessment which helps to ensure that your infrastructure can successfully carry voice over IP (VoIP). After identifying any changes being required to make your infrastructure VoIP-ready, we start building a communication solution specific to your needs.
To learn more about CRWE visit: http://www.crownequityholdings.com
Quanex Building Products Corporation (NYSE:NX) announced it signed a definitive agreement with Lauren International to acquire Edgetech I.G. Inc. for $107.0 million in an all cash transaction. Closing will take place immediately upon conclusion of applicable governmental regulatory approval. The acquisition is expected to be accretive in year one, and additional information will be disclosed at closing. Edgetech I.G. is headquartered in Cambridge, Ohio, and has three manufacturing facilities (US/UK/Germany) that produce and market a full line of insulating glass spacer systems for window and door customers in North America and abroad. Edgetech's products separate and seal double and triple pane glass within a window frame and its products further act as a thermal barrier that conserves energy. It will be part of Quanex's Engineered Products Group.
Quanex Building Products Corporation provides engineered products and aluminum sheet products. Its Engineered Products segment produces window and door components for original equipment manufacturers that primarily serve the residential construction and remodeling markets.
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