Cleantech Transit Inc (OTCPK:CLNO)
Biomass, a renewable energy source, is biological material from living, or recently living organisms, such as wood, waste, (hydrogen) gas, and alcohol fuels. Biomass is commonly plant matter grown to generate electricity or produce heat. In this sense, living biomass can also be included, as plants can also generate electricity while still alive. The most conventional way in which biomass is used, however, still relies on direct incineration. Forest residues, for example (such as dead trees, branches and tree stumps), yard clippings, wood chips and garbage are often used for this. However, biomass also includes plant or animal matter used for production of fibers or chemicals. Biomass may also include biodegradable wastes that can be burnt as fuel. It excludes such organic materials as fossil fuels, which have been transformed by geological processes into substances such as coal or petroleum.
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
Arcos Dorados Holdings Inc. (NYSE:ARCO) reported unaudited results for the second quarter ended June 30, 2011. Revenues increased by 28.7% year-over-year, or by 18.5% on a constant currency basis, to US$ 888.5 million. Systemwide comparable sales increased by 14.8% year-over-year. 72 net additions of restaurants over the last 12 months. Adjusted EBITDA1 increased by 47.6% year-over-year, or by 29% on a constant currency basis, to US$ 67.9 million; Net income increased by 5.6% to US$ 14.2 million. Guidance for 2011 revised upward: Revenue growth of 22-24%, Adjusted EBITDA1 growth of 18-20% and Net Income growth of 35-45% in 2011.
Arcos Dorados is the world's largest McDonald's franchisee in terms of systemwide sales and number of restaurants, operating the largest quick service restaurant ("QSR") chain in Latin America and the Caribbean.
AutoNation Inc. (NYSE:AN) reported 2011 second quarter net income from continuing operations of $73 million, or $0.49 per share, compared to adjusted net income from continuing operations of $62 million, or $0.38 per share, for the same period in the prior year, a 29% improvement on a per-share basis. Adjusted net income from continuing operations for the second quarter of 2010 excluded debt refinancing costs of $12 million after-tax, or $0.07 per share, as disclosed in the attached financial tables. On a GAAP basis, second quarter 2010 net income from continuing operations was $50 million, or $0.31 per share. There were no adjusting items for the second quarter of 2011.
AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It offers various automotive products and services, including new vehicles, used vehicles, parts, automotive repair and maintenance services, and automotive finance and insurance products.
Brunswick Corporation (NYSE:BC) announced it will establish a manufacturing plant in Brazil to produce boats for South America`s largest country and the surrounding region.
Brunswick Corporation provides recreation products worldwide. Its Marine Engine segment offers sterndrive propulsion systems, and inboard and outboard engines under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury SportJet, Mercury Jet Drive, MotorGuide, Axius, and Zeus brand names, as well as marine parts and accessories under the Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Land 'N' Sea, Kellogg Marine, Diversified Marine Products, Sea Choice, and MotorGuide brand names.
Nacco Industries Inc. (NYSE:NC) announced consolidated net income of $19.2 million, or $2.28 per diluted share on revenues of $811.0 million for the second quarter of 2011 compared with consolidated net income of $15.9 million, or $1.91 per diluted share on revenues of $598.8 million for the second quarter of 2010.
NACCO Industries, Inc., through its subsidiaries, engages in lift trucks, small appliances, specialty retail, and mining businesses primarily in the Americas, Europe, and the Asia-Pacific.
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