Oil States International, Inc. (NYSE:OIS) is a diversified oilfield services company with recently added exposure to the mining industry through The MAC acquisition. Oil States International is a leading, integrated provider of remote site accommodations with prominent market positions in the Canadian oil sands and the Australian mining regions. Oil States International is also a leading manufacturer of products for deepwater production facilities and subsea pipelines as well as a provider of completion-related rental tools, oil country tubular goods distribution and land drilling services to the oil and gas industry.
Oil States International, Inc. reported net income for the quarter ended June 30, 2011 of $74.2 million, or $1.34 per diluted share, compared to $37.5 million, or $0.71 per diluted share, in the second quarter of 2010. Oil States International generated $820.3 million and $160.7 million of revenues and EBITDA, respectively, during the quarter compared to revenues of $594.5 million and EBITDA of $88.1 million in the second quarter of 2010 (EBITDA defined as net income plus interest, taxes, depreciation and amortization).
"Despite the current global economic uncertainty, commodity prices, particularly oil, are supportive of high customer spending levels," stated Cindy B. Taylor, Oil States International's President and Chief Executive Officer. "Results for our accommodations segment in the second quarter benefitted from both organic growth and the acquisitions of The MAC and Mountain West. We continue to make capacity expansions in our accommodations segment as demand for additional rooms remains strong. U.S. drilling and completion activity levels in the oil shale regions continue to bolster the outlook for our well site services and tubular services segments. In addition, the global deepwater spending outlook remains strong, and our offshore products backlog has reached a new record level at $519 million at June 30, 2011, up 25% from the prior quarter."
The year-over-year increases in revenues and EBITDA of 38% and 82%, respectively, were broad based, including approximately $58 million of revenues and $31 million of EBITDA from the acquisitions closed in the fourth quarter of 2010 and higher contributions from each of Oil States International's business segments. Consolidated operating income essentially doubled from $57.8 million in the second quarter of 2010 to the current quarter, totaling $115.2 million.
For more information about Oil States International, please visit: www.oilstatesintl.com.
Crown Equity Holdings Inc., (OTCPK:CRWE)
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
A successful business campaign takes careful planning, expert professional advice, and a range of resources. With online marketing expertise, CRWE offers a complete line of services to help your company achieve its goals.
Internet or Online Advertising is just a way for traders to publicize products and services online. Ads can target people with demanding hobbies or interests, or they can even focus on customers in a particular country or state. The success of an Internet advertising is easier to monitor, and several methods are available to businesses. Internet advertising is also well-known as e-Marketing, Internet marketing, web marketing and online marketing.
Crown Equity's selection of CoreLink reflects recent diversification beyond CRWE's original charter as a provider of services and knowledge to small business owners taking their own companies public. In addition to these services, CRWE has transitioned into a multifaceted media organization that publishes clients' news online; sells advertising adjacent with its digital network targeted at a high-income audience; designs, hosts and maintains websites; produces marketing videos from concept to final product; crafts press releases and articles for maximum SEO; develops email campaigns; and forges branding campaigns to bolster client company images.
Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
For more information, visit http://www.crownequityholdings.com
Dreyfus Strategic Municipals Inc. (NYSE:LEO) declared from net investment income a monthly cash dividend of $0.049 per share of common stock, payable on August 31, 2011, to shareholders of record at the close of business on August 12, 2011. The ex-dividend date is August 10, 2011. The previous dividend declared in June was $0.049 per share of common stock.
Dreyfus Strategic Municipals, Inc. operates as a diversified, closed-end management investment company. The fund invests primarily in municipal obligations of various states of the United States.
Cleantech Transit Inc (OTCPK:CLNO)
A huge percentage of the world's fossil fuels come from the world's most volatile places. By reducing dependence on oil derivatives, in turn can reduce dependence on foreign energy sources. By converting energy from waste Cleantech Transit hopes to help in increasing our country's energy security.
Biomass can be used in two fundamental ways: directly (e.g. burning wood for heating and cooking) and indirectly (by conversion into a liquid or gaseous fuel, e.g. ethanol from sugar crops, biodiesel from vegetable oils, or biogas from landfills and animal waste). Direct use is often termed "traditional" use, and indirect use is often termed "modern" or "commercial" biomass use because it involves more advanced processes, such as gasification and electricity generation. Direct or traditional use predominates in the developing world, while indirect use (after transformation) is more common in the industrialised countries.
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).
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
Cabot Oil & Gas Corporation (NYSE:COG) announced that its Board of Directors declared a regular dividend of three cents ($0.03) per share on the Company's common stock. The dividend will be paid August 19, 2011 to all shareholders of record as of the close of business August 12, 2011.
Cabot Oil & Gas Corporation operates as an independent oil and gas company in the United States. The company engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids.
Patni Computer Systems Limited (NYSE:PTI) announced its financial results for the second quarter ended June 30, 2011. Revenues for the quarter at US $183.8 million (` 8,221 million). Up 9.7% from US$ 167.6 million (` 7,776 million) in the corresponding quarter 2010. Revenue concentration of Top 10 Customers decreased to 48.4% from 48.6% in corresponding quarter 2010. Three Fortune 1000 clients added in the quarter. Non GAAP EBITDA for the quarter at US$22.7million. Down by 37.7 % from US$36.4 million EBITDA in the corresponding quarter 2010
Patni Computer Systems Limited, an information technology (NYSE:IT) services company, provides a range of IT services through integrated onsite and offshore delivery locations. Its services include IT strategies development, system consulting and design, application development, application maintenance and support, packaged software implementation, quality assurance, infrastructure management, business process outsourcing, IT outsourcing, and OSS and BSS systems deployment services.
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