Boston Beer Co. Inc. (NYSE:SAM) reported a fourth quarter core product depletions increase of 12% as compared to the fourth quarter of 2009. Net income for the fourth quarter was $12.2 million, or $0.87 per diluted share, an increase of $4.7 million, or $0.35 per diluted share, from the fourth quarter of 2009, primarily due to increased core shipment volume and improved gross margins, partially offset by increased advertising, promotional and selling expenses. Net revenue for the fourth quarter of 2010 was $115.7 million, an increase of $8.5 million, or 8%, over the same period last year, mainly due to core shipment volume gains with minor improvements in pricing.
The Boston Beer Company, Inc. produces and sells low alcohol beverages primarily in the United States, Canada, Europe, Israel, the Caribbean, the Pacific Rim, and Mexico.
Cleantech Transit Inc. ("Cleantech") (OTCBB:CLNO) was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.
The technology used by Phoenix Energy to turn your waste from industry agriculture and forestry into power has many environmental benefits. At Phoenix Energy we are deeply committed to our customers both in reducing their costs of operation and in helping them be good corporate citizens, having a positive impact on the environment. By installing our wood waste gasification systems our customers help to: Reduce greenhouse gas emissions, Reduce the amount of toxic pollutants in the atmosphere, Save landfill space from taking up more of our landscape and Reduce groundwater contaminants, and Improve energy security and reduce dependence on foreign sources of energy.
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