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EVCarCo, Inc. (OTC.BB:EVCA) is pioneering a new way to meet the demands of 21st century car buyers. EVCARCO is bringing to market eco-friendly vehicles with an emphasis on performance and affordability and the latest in developed technology. The board of EVCARCO is pleased to announce today that pursuant to a strong demand from the US Federal Government to meet environmental standards in relation to its Federal Military fleet, EVCARCO will be working with VENTA Inc. and several third party organizations to create Military grade AEV and Hybrid Diesel Electric units. The move is part of an EVCARCO recent corporate shift aimed at increasing revenue through contracting and sourcing of units suitable for Government RFPs. EVCARCO has been working on projects with the US Federal Government as announced in previous releases since first quarter of 2010; the trials have given the management of EVCARCO insight into the needs and requirements of the Federal Government and, with this knowledge, the corporation stands at a significant advantage in respect to sourcing specific AEV and Hybrid Units for the Military.
The US Military through TARDEC has set a strong precedent relating to adoption of Alternative energy units into the US Military. TARDEC is the U.S. Army's lead organization for ground vehicle systems integration, engineering and technology development. Initial development of units will be entered into testing phase by late 2010 with "Real World" Government testing anticipated for early 2011. AFVs are vehicles that operate on alternative fuels, such as methanol, ethanol, compressed natural gas, liquefied petroleum gas, or electricity, as designated by the U.S. Department of Energy. Some AFVs that can run on conventional fuels like gasoline, as well as alternative fuels, are called dual-fueled vehicles.
EVCARCO is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCARCO has developed a franchised dealer network allowing growth into most US States by 2012.
DiamondRock Hospitality Company (NYSE:DRH) reported that DiamondRock Hospitality has acquired the 169-room Hilton Garden Inn Chelsea New York City (the "Hotel"). The purchase price of $68.4 million represents a 12.9 multiple of 2010 EBITDA and a 7% capitalization rate on 2010 net operating income. The Hotel is recently constructed and opened at the end of 2007. The Hotel occupies a convenient location in Chelsea on West 28th Street, between 6th and 7th Avenues in New York City. Chelsea has become one of the most desirable 24-hour destinations in Manhattan given its abundance of restaurants, nightlife and shopping. The location produces leisure demand from its close proximity to prime travel destinations such as Times Square, the Empire State Building and Madison Square Garden. Moreover, Chelsea derives strong business transient demand from its central access to both Midtown and Downtown as well as major transportation hubs. Importantly, the Hotel is located only one block from a Subway Station.
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of premium hotel properties. Including the acquisition of the Hilton Garden Inn Chelsea New York City, DiamondRock Hospitality owns 23 hotels with over 10,700 rooms as well as the senior note on a 443-room hotel.
Dick's Sporting Goods, Inc. (NYSE:DKS) revealed that Jacqualyn A. Fouse has been elected to Dick's Sporting Goods' Board of Directors. Effective September 27, 2010, Ms. Fouse will be joining Celgene Corporation, a global biopharmaceutical company, to serve as its Chief Financial Officer. Since July 2007, Ms. Fouse has served as the Chief Financial Officer of Bunge Limited, a global agribusiness and food company. From 2006 to 2007, Ms. Fouse was the Senior Vice President, Chief Financial Officer and Corporate Strategy, at Alcon, Inc., a global eye care company. In addition, from 2002, she was Alcon's Senior Vice President and Chief Financial Officer. Previously, Ms. Fouse held a variety of senior finance positions at Alcon and its then majority owner Nestle SA. Ms. Fouse earned a B.A. and an M.A. in Economics from the University of Texas at Arlington.
Dick's Sporting Goods, Inc. is an authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel and footwear in a specialty store environment. Dick's Sporting Goods also owns and operates Golf Galaxy, LLC, a multi-channel golf specialty retailer. As of July 31, 2010, Dick's Sporting Goods operated 425 Dick's Sporting Goods stores in 42 states, 91 Golf Galaxy stores in 31 states and e-commerce and catalog operations for both Dick's Sporting Goods and Golf Galaxy.
The board of directors of Diebold, Incorporated (NYSE:DBD) declared a fourth-quarter cash dividend of 27 cents per share on all common shares. The dividend is payable on Friday, Dec. 10, to shareholders of record at the close of business on Friday, Nov. 19.
Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs approximately 16,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA.
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