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RHT, Red Hat, Inc.
RHT is the leader in enterprise Linux and is the most recognized open source brand in the world.
RHT serves global enterprises with technology and services made possible by the open source model. Solutions include Red Hat Enterprise Linux, Red Hat Enterprise Virtualization, JBoss Enterprise Middleware, and a broad range of management and services: consulting, 24x7 support, Red Hat Network.
RHT's global training program operates worldwide and features RHCE and JBCAA, the global standard Linux and middleware certifications.
RHT reported financial results for its fiscal fourth quarter and fiscal year ended February 28, 2011.
Total revenue for the quarter was $244.8 million, an increase of 25% from the year ago quarter. Subscription revenue for the quarter was $209.3 million, up 24% year-over-year.
For the full year, total revenue was $909.3 million, an increase of 22% over the prior year, and subscription revenue was $773.4 million, up 21% year-over-year.
More about RHT at www.redhat.com.
PPWE, Proper Power & Energy, Inc., OTC MARKETS: PPWE
The Energy Information Administration reported that U.S. gasoline demand continues to rise despite sharp price increase at the pump, which suggests that American motorists are so far handling higher fuel costs without cutting back.
The rebellion in Libya, combined with other protests in North Africa and the Middle East, has rattled energy markets and raised concerns that oil supplies will tighten as violence spreads.
PPWE is an independent oil and gas exploration and production company.
According to Andrew J. Kacic, President of PPWE, the company looks forward to having a very productive 2011 and anticipates announcing the first revenues from the sale of oil this quarter.
PPWE plans to drill additional wells on its Kentucky property no later than the first month of the second quarter of 2011. PPWE also intends to commence exploratory drilling to prove out the reserves on its Utah property by the third quarter of this year. The current price of oil, combined with the rising demand for domestic production could make this a very promising year for PPWE.
PPWE has recently been approached by two independent financing groups and has submitted a $10 million private placement memorandum to both parties involved. These two groups are seeking domestic oil and gas production in light of the Middle East tensions.
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.
More about PPWE at www.properpower.com
Cleantech Transit Inc. (OTC.BB:CLNO) announced in a recent press release that funding to be provided to Phoenix Energy for the commercialization of a 500 Kilowatt biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government. If it concludes its planned investment in Phoenix Energy, under Section 1603 of the American Reinvestment and Recovery Act, Cleantech Transit will be entitled to receive its pro-rata share of 30% cash grant payments. Once the final interconnect process and application are complete the grant should be received within 60 days. The 5-year grant vesting period, means all parties must remain owner of record for that length of time, underscoring Cleantech and its partners’ commitment to this project and the host community.
The U.S. Treasury’s cash grant program was created to provide funding, in lieu of tax credits, for the development of clean energy projects and clean tech jobs nationwide. The Merced facility has already employed several individuals, both for the construction phase and subsequent plant operations once in service.
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