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Cleantech Transit Inc. (OTCPK:CLNO)
Cleantech Transit Inc. 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. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide. Cleantech Transit Inc. is in the business of producing and conserving power. It produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind.
Biomass energy can be used directly or indirectly. Firewood is a common example of direct use by combustion. But biomass energy can be transformed into other forms of fuel. Ethanol from agricultural crops such as sugar cane and methane from manure and sewage are examples of indirect use. Biomass energy can be used for lighting, cooking, space heating, water heating, and refrigeration and to fuel vehicles.
Cleantech Transit Inc. recently announced that the previously announced 500 KW biomass gasification facility located in Merced, California has successfully passed its interconnection tests and is now connected to the utility distribution grid.
The gasification technology uses a non-combustion process to convert Ag and other woody residues into a hydrogen rich gas ("syngas"), which is then converted into electricity, along with heat and biochar (a useful byproduct that captures carbon in solid form and can be used as a soil amendment).
The Phoenix Energy technology used in Merced essentially cooks the biomass in an oxygen-deprived environment to release the elemental gasses from the wood. In the process biomass is converted into a carbon rich biochar. With the carbon fixed in solid form this process not only provides a valuable soil amendment but also serves as a source of carbon sequestration.
The Merced plant is expected to produce enough electricity to power about 400 homes. The plant connected to the electricity grid under California's feed-in-tariff with a 15-year power purchase agreement.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
Rite Aid Corp. (NYSE:RAD) announced that David Kelly, a development and real estate veteran with over 25 years experience, is joining Rite Aid as Group Vice President of Construction. His appointment is effective May 31. As Group Vice President of Construction, Kelly will have overall responsibility for all store planning and construction services. He will also play a key role in the company's various segmentation initiatives which include wellness stores, value stores and co-branded Save-A-Lot Rite Aid stores. Kelly will report directly to Frank Vitrano, Rite Aid Senior Executive Vice President, Chief Financial Officer and Chief Administrative Officer.
Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The company’s drugstores primarily offer pharmacy services. The company was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
First Marblehead Corp. (NYSE:FMD) announced its financial and operating results for the third quarter of fiscal 2011 and for the nine-month period ended March 31, 2011. For the third quarter of fiscal 2011, the Company recorded a net loss of $39.3 million, or $0.39 per share, compared to a net loss for the third quarter of fiscal 2010 of $40.5 million, or $0.41 per share. For the first nine months of fiscal 2011, the Company's net loss was $137.7 million, or $1.37 per share, compared to a net loss of $175.3 million, or $1.77 per share, for the first nine months of fiscal 2010.
The First Marblehead Corporation, together with its subsidiaries, provides outsourcing services for designing and implementing private education loan programs to national and regional financial institutions, and educational institutions in the United States.
IFM Investments Limited (NYSE:CTC) announced its unaudited financial results for the first quarter ended March 31, 2011. Consolidated net revenue in the first quarter of 2011 was RMB137.3 million (US$21.0 million), a decrease of 19.2% from the fourth quarter of 2010, and an increase of 29.3% from the first quarter of 2010. Revenue from company-owned brokerage services in the first quarter of 2011 was RMB119.4 million (US$18.2 million), a decrease of 22.4% from the fourth quarter of 2010, and an increase of 28.0% from the first quarter of 2010. Non-GAAP(2) loss from operations in the first quarter of 2011 was RMB86.2 million (US$13.2 million), an increase of 94.1% from the fourth quarter of 2010, and an increase of 346.6% from the first quarter of 2010. Non-GAAP net loss attributable to ordinary shareholders for the first quarter of 2011 was RMB84.4 million (US$12.9 million), an increase of 95.8% from the fourth quarter of 2010, and an increase of 311.7% from the first quarter of 2010.
IFM Investments Limited, also known as Century 21 China Real Estate, provides real estate services in the People’s Republic of China. The company primarily offers franchise services. The company was founded in 2000 and is headquartered in Beijing, China.
HONDO MINERALS CORP (OTCPK:HMNC)
Gold is non toxic and biologically benign, an excellent conductor of electricity, virtually indestructible, easy to shape and flatten and can be drawn out into microscopically thin strands known as bonding wire.
The most well known use of gold in medicine is in dentistry. The metal is combined with other metals such as platinum, silver, copper zinc or palladium to produce non-toxic, chemically inert alloys that are easy for dentists to work with and are strong and lasting.
Hondo Minerals Corporation is engaged in the acquisition of mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves of precious metals or non-ferrous metals.
Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was the largest producing silver mine in Arizona history. The Tennessee Mine operated from the late 1800's until 1947 producing lead, zinc, gold and silver. The Company also owns numerous other mining claims in the US Southwest, which are being evaluated for additional reserves.
HONDO MINERALS CORP (OTCPK:HMNC) is pleased to announce that it has just acquired over $500,000 dollars of additional E-Leech equipment for its Tennessee Mine production facility.
William R. Miertschin Chairman and CEO of Hondo Minerals says, "This purchase a long with the $2.4 million dollars of previously announced equipment demonstrates our continued efforts to invest real dollars in this project to increase shareholder value."
Mr. Miertschin went on to say, "All of this newly acquired equipment will allow the company the ability to reach its production and revenue targets 6 to12 months ahead of schedule, and with the advanced technology of E-Leech Hondo Minerals is posed to set new standards while obtaining optimum results from its exclusively licensed mining process."
E-Leech technology is a patent pending process that creates a leaching process without the use of hazardous chemicals such as cyanide at its Tennessee Mine processing plant.
Toxic chemicals previously used such as Hydrochloric and Nitric Acid are replaced with a water-based and pH adjusted medium to leach precious and base metals from mine tailings that is safe to humans and the environment.
Electrochemical processes are used to generate pH levels low enough to leach metals such as Gold, Silver, Zinc and Rare Earths into a solution for recovery at an extremely low cost per ton.
For more information please visit: http://www.hondominerals.com
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