NW Tech Capital Inc. (OTCPK:NWTT)
NWTT's Canada-based subsidiary Bermal Contracting Ltd. announces that the company is nearing a supply agreement with Grass Kings Landscaping Co.
Bermal Contracting CEO Raffaella Bernar reported that negotiations with the popular new landscaper for purchase of Bermal stackable flagstone and patio flagstone are nearing their successful conclusion.
Grass Kings Landscaping Co. is a promising new landscape business based in Summerland, BC. Ms. Bernar reports that Grass Kings representatives were impressed with the Bermal flagstone. Ms. Bernar feels that the growing popularity of Grass Kings' customized landscape solutions makes it likely that the company will become a repeat Bermal customer.
Bermal is excited to expand NWTT's geographic reach and find another outlet to show the market its high-quality product. In the short term, Bermal will focus on completing this supply agreement with Grass Kings, and NWTT will announce the specifics as soon as they are finalized.
NWTT has finalized the merger with Bermal Contracting Ltd., a BC Canada company.
Bermal Contracting Ltd. offers substantial revenues and a sizable operations, currently excavating patio stone (Horizontal & Stand up Veneer), ledge stone, stackable stone & corner stone, and boulder stone. All stone comes in a number of unique colors, variety of textures and shades, allowing landscapers to create individualized and customized designs.
NWTT, a technology consulting and management company, provides services in the areas of wireless, telecommunications, and broadband. NWTT's services include business planning and advisory services; engineering, furnishing, and installation services for WiMAX systems; Internet protocol infrastructure and IMS applications for service providers; managed services to operate and maintain WiMAX networks; and operations support and customer care systems to support partners' business operations integrated with operating assets in an user interface. NWTT markets its products and services to various agencies, companies, and institutions. NWTT was founded in 1996. NWTT was formerly known as Cybertel Communications Corp. and changed its name to CyberTel Capital Corporation in 2004. Further, NWTT changed its name to NW Tech Capital, Inc. in January 2008. NWTT is based in Vancouver, Washington.
To learn more about NWTT visit: http://www.nwtechcapital.com
Caterpillar Inc. (NYSE:CAT)
Building on its 50-plus-year history in Brazil and capitalizing on the expected growth in Latin America, CAT announced recently the expansion of its manufacturing operations in Brazil. CAT has acquired an existing industrial facility in Brazil, located in Campo Largo, Parana State, that after upgrading will cover 50,000 square meters (538,195 square feet). The new facility in Campo Largo will manufacture backhoe loaders and small wheel loaders, which are currently produced at Piracicaba and are part of the machine line up for CAT's Building Construction Products (BCP) Division.
"This new facility is an important investment for the long-term growth and success of BCP, particularly as we meet the growing demand for Caterpillar's smaller, versatile machines that help our customers accomplish their work more productively and profitably," said Mary Bell, CAT vice president of the Building Construction Products Division.
CAT manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. CAT's Machinery business engages in the design, manufacture, marketing, and sale of construction, mining, and forestry machinery, such as track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts.
To learn more about CAT visit: http://www.cat.com
Quanex Building Products Corporation (NYSE:NX)
NX recently released fiscal third quarter 2010 results for the period ending July 31. NX reported that operating results at its two business segments -- Engineered Products and Aluminum Sheet Products -- were well ahead of a year ago and were also better than the company's sequential second quarter, despite the weak economy and slowdown in new home starts. NX reported that its two operating segments also outperformed their blended end market (residential remodeling and residential new construction) in the quarter.
Third quarter net sales were $225.2 million compared to $164.0 million a year ago. Income from continuing operations was $10.4 million (including an after-tax LIFO expense of $0.6 million) compared to $8.3 million a year ago (including an after-tax LIFO gain of $1.4 million). Diluted earnings per share from continuing operations were $0.27 (including a LIFO expense of $0.02 per diluted share) compared to $0.22 (including a LIFO gain of $0.04 per diluted) in the year ago quarter.
NX provides engineered products and aluminum sheet products. NX's Engineered Products segment produces window and door components for original equipment manufacturers that primarily serve the residential construction and remodeling markets.
To learn more about NX visit: http://www.quanex.com
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