Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Market Updates For CVH, PTSH, AYE and GEL!




PTS, Inc. (OTC.BB:PTSH) has entered into a Share Exchange Agreement pursuant to which PTSH will acquire 70% of ThinLine Technology Group at the closing. Closing shall occur as soon as PTSH receives satisfactory audited financials from ThinLine, but not later than December 31, 2010.

ThinLine Technology Group manages, markets and maintains the IT and VOIP infrastructure for small and medium business (SMB market) and provides Private Cable Operators (PCO market) private label billing and call center support. At present, the company services over 21,000 clients on behalf of Private Cable Operators over 400 apartment properties across the United States.

"This acquisition is of significant importance for PTSH. This addition continues the company's mission to reorganize and focus on developing and growing across multiple verticals. We shall continue to pursue our business model of growing our business throughout Technology, Retail and Finance under the company umbrella. This strategy will help diversify income and allow the company to grow utilizing the managed service model," states Marc Pintar, interim CEO.

In other company news and events: PTS, Inc. will shortly announce its new officers directors and board members, replacing current interim management.


Genesis Energy LP (NYSE:GEL) announced the pricing of a registered underwritten public offering of 4,500,000 common units representing limited partner interests. The offering was priced at $23.58 per unit. The underwriters have been granted a 30-day option to purchase up to 675,000 additional common units. Net proceeds from the offering are expected to be used for general partnership purposes, including funding a portion of the purchase price for our previously announced pending acquisition of a 50% equity interest in the Cameron Highway Oil Pipeline Company. If that acquisition is not consummated, all of the net proceeds will be used for other purposes, including the repayment of borrowings outstanding under our credit agreement.

Genesis Energy, L.P., together with its subsidiaries, operates in the midstream segment of the oil and gas industry in the Gulf Coast area of the United States. The company operates through four divisions: Pipeline Transportation, Refinery Services, Industrial Gases, and Supply and Logistics. The Pipeline Transportation division transports crude oil, carbon dioxide (CO2), and natural gas through the ownership and operation of pipelines.


Allegheny Energy Inc. (NYSE:AYE) and FirstEnergy Corp. (NYSE:FE) along with all parties to their merger proceeding in West Virginia, filed a comprehensive settlement with the West Virginia Public Service Commission (WVPSC) that resolves all issues raised in the case. The filing includes a commitment for a regional headquarters for Allegheny Power’s West Virginia utility operations, a $7.5 million rate reduction over two years for Allegheny Power’s West Virginia customers, enhanced customer service and reliability, and expanded support for Dollar Energy Fund.

Allegheny Energy, Inc. owns and operates electric generation facilities, and delivers electric services to customers in Pennsylvania, West Virginia, Maryland, and Virginia. The company owns or contractually controls coal-, gas-, and oil-fired generation facilities, as well as hydro generation facilities. It operates in two segments, The Merchant Generation and The Regulated Operations.


Coventry Health Care Inc. (NYSE:CVH) announced on November 4, 2010 that Kevin Conlin will join the Company as Executive Vice President. In this capacity, Mr. Conlin will have broad strategic and operational responsibility and help develop innovative products and business partnerships to move the Company forward in the post-health reform environment. His appointment takes effect on January 3, 2011. Mr. Conlin will arrive at Coventry after a highly-successful, six-and-one-half year tenure as President and CEO of Via Christi Health in Wichita, Kansas. While at Via Christi, the largest provider of healthcare services in Kansas, his numerous accomplishments included opening the first new hospital in Via Christi’s history, launching new technology-driven programs to transform the delivery of care to patients, and selling Preferred Health Systems, Via Christi’s health plan insurance company, to Coventry earlier this year.

Coventry Health Care, Inc. operates as a managed healthcare company in the United States. The company operates in three segments: Health Plan and Medical Services, Specialized Managed Care, and Workers’ Compensation. The Health Plan and Medical Services segment provides health plan risk products to individuals and employer groups, including health maintenance organizations, preferred provider organizations, and point of service products.



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