Ecolab Inc. (NYSE:ECL) reported that it has agreed to purchase the assets of O.R. Solutions, Inc., a privately-held company based in Chantilly, VA.
O.R. Solutions is a leading developer and marketer of surgical fluid warming and cooling systems in the United States. O.R. Solutions’ systems are designed to enhance patient safety and improve surgical outcomes by maintaining the proper temperature of fluids used during surgery; each procedure requires custom fit sterile draping.
Numerous studies have shown that using warm fluids during surgery is effective in helping prevent infections.
Cooling systems are used to maintain tissue health during cardiac procedures and transplants.
GreenHouse Moves to Up-List Shares to a Senior Securities Exchange
GreenHouse Holdings, Inc. (OTCQB:GRHU) , a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, this morning announced that the Company is completing the necessary steps to Up-List its shares to a senior U.S. stock exchange. In order to facilitate the transition, GreenHouse established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors.
"Graduating to a senior U.S. exchange is a high priority for the company given the progress we have made in securing multiple contracts with the U.S. Military and Fortune 100 industrial customers," said John Galt, GreenHouse Founder and Executive Chairman.
"We believe transitioning to a larger exchange is the next logical step in the Company's future growth and will allow us to gain exposure and be recognized by a broader segment of the investment community. We have witnessed that a number of companies which Up-List to national exchanges experienced impressive increases in liquidity.
GreenHouse is confident that now is the appropriate time to move to a senior exchange, as our operations have increased both domestically and abroad. The Up-Listing will allow us to attract additional investors as we strive to improve shareholder value."
The Board of Directors has now announced that they have made the following appointments in advance of the planned Up-Listing:
- Sy Siegel as the Chair of the Audit Committee;
- Charles Allured as the Chair of the Compensation Committee; and
- General Floyd Trogden as the Chair of the Nominating Committee.
About GreenHouse Holdings, Inc.
GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world's most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, industrial and government markets around the globe.
Eastman Kodak Company (NYSE:EK) reported that Laura G. Quatela has been named the company’s General Counsel, effective Jan. 1, 2011, reporting to Chairman and Chief Executive Officer Antonio M. Perez.
Quatela, 53, is presently Kodak’s Chief Intellectual Property Officer, a member of the company’s Executive Council, and a corporate vice president. She will retain those responsibilities in tandem with her new duties leading the company’s Legal organization.
Power3 Medical Products, Inc. (OTCBB:PWRM), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, announced recently that it has signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc. Power3 plans to effectuate the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company in the merger.
The acquisition of Rozetta-Cell is expected to be completed in October or November 2010.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).
Dillard's, Inc. (NYSE:DDS) reported operating results for the 13 weeks ended October 30, 2010.
- Pretax income of $21.5 million compared to a prior year pretax loss of $2.8 million.
- Improved gross margin from retail operations of 150 basis points of sales compared to the prior year third quarter with a comparable store inventory decline of 2%.
- Repurchase of approximately $71.3 million (2.9 million shares) of Class A Common Stock under the Company’s $250 million share repurchase program.
- Cash flow from operations of $158.9 million for the nine months ended October 30, 2010 with an ending cash position of $167.1 million and no short term borrowings outstanding under the Company’s $1.0 billion revolving credit facility.
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