Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
A huge percentage of the world's fossil fuels come from the world's most volatile places. By reducing dependence on oil derivatives, nation in turn can reduce its dependence on foreign energy sources. By converting energy from waste Cleantech Transit hopes to help in increasing its country's energy security.
Renewable energy and biobased products from biomass have "green" value from reducing impacts to adding value, and protecting the environment while producing goods and services. "Green economics" is a co-evolution of ecological, environmental, and economic systems and could have an important role in forestry management, specifically for biomass. Green economics is about the world of work, human needs, the Earth's materials, and how they mesh together most harmoniously. Biomass utilization can have a broader context of a "new economy" that addresses ecological and social concerns.
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about CLNO, visit www.cleantechtransitinc.com
Newpark Resources Inc (NYSE:NR) announced results for its second quarter ended June 30, 2011. Total revenues were $230.8 million for the second quarter of 2011 compared to $202.7 million for the first quarter of 2011 and $181.4 million for the second quarter of 2010. Net income for the second quarter of 2011 was $19.3 million, or $0.19 per diluted share, compared to net income for the first quarter of 2011 of $15.9 million, or $0.16 per diluted share, and net income for the second quarter of 2010 of $10.8 million, or $0.12 per diluted share.
Newpark Resources, Inc. and its subsidiaries provide fluids management, waste disposal, and well site preparation products and services primarily to the oil and gas exploration and production industry
Dex One Corporation (NYSE:DEXO) announced its second quarter 2011 results, highlighted by strong EBITDA and free cash flow, the introduction of new digital solutions and the completion of new partnerships with leading digital companies. The company updated its full year guidance, raising its outlook for adjusted EBITDA and free cash flow.
Dex One Corporation operates as a marketing solutions company. The company offers various marketing solutions to promote businesses on the Internet, search engine optimization strategies, keyword implementation, social strategies, and tracking and reporting.
Teekay Tankers Ltd. (NYSE:TNK) plans to release its financial results for the second quarter of 2011 before market open on Thursday, August 11, 2011. The Company also plans to host a conference call on Thursday, August 11, 2011 at 1:00pm (NYSE:ET) to discuss the results for the second quarter of 2011.
Teekay Tankers Ltd., through its subsidiaries, engages in the ownership and operation of oil tankers. As of March 1, 2010, the company's fleet consisted of nine Aframax-class oil tankers and three Suezmax-class oil tankers.
Cobalt International Energy, Inc (NYSE:CIE) announced a net loss of $19.5 million, or $0.05 per basic and diluted share for the second quarter of 2011, compared to a net loss of $41.8 million, or $0.12 per basic and diluted share, for the second quarter of 2010. Cash expenditures (excluding changes in working capital) for the quarter ended June 30, 2011 were approximately $22 million and about $33 million year-to-date. For the full year 2011, Cobalt expects to spend $325 to 400 million which includes the cash expenditures associated with Block 20 offshore Angola. The timing of expenditures in the second half depends primarily on when the Block 20 Production Sharing Agreement is signed and when Cobalt recommences Gulf of Mexico drilling activities.
Cobalt International Energy, Inc. operates as an independent oil-focused exploration and production company. The company focuses on the deepwater of the U.S. Gulf of Mexico, and offshore Angola and Gabon in West Africa.
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