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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.
Cleantech Transit Inc. is pleased to provide additional details after achieving success on the 500 KW facilities and successfully moving past the interconnection testing stage.
Coming on the recent success at the 500KW facility in Merced, California this poises Phoenix Energy to become a leading developer of renewable biomass distributed generation plants that utilize local resources for local energy.
Cleantech will be providing details on the expecting closing date of its initial investment into Phoenix Energy in the coming weeks.
Biomass can be converted to liquid or gaseous fuels or can be used to generate electricity in the same way that coal is used. The electricity generated can be sent to energy consumers via electric transmission systems. The term "biomass" refers to raw organic material used to generate a number of energy resources, including heat, liquid or gaseous fuels, and electricity. Chemical energy stored in biomass can be converted to heat through combustion (burning).
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
HONDO MINERALS CORP (OTCPK:HMNC)
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 Corporation is pleased to announce that, as planned, it has completed the operation to produce ionized water which is the critical substance needed for the extraction of minerals as required by our process.
The ionized water will be produced in a nearby offsite to be stored and available for immediate use following the anticipated Mining Safety and Health Administration (MSHA) training, inspection and site review at the Tennessee Mine. The full mineral extraction process onsite will begin immediately following the MSHA regulatory and safety training certification.
William R. Miertschin Chairman and CEO of Hondo Minerals say, "With machinery in place to load and crush our tailings and electric generation to power our processing equipment, we await regulatory inspections for final approvals for our site and facilities."
Hondo's initial independent testing has indicated the Tennessee Mine tailings and dumps could produce an average of 1 oz. to 3 oz. of gold and about 30 oz. or more of silver per ton using our exclusive environmentally friendly technology. At the Tennessee Mine there are approximately a million tons of metal rich tailings and dump material.
Silver is a chemical element bearing the chemical symbol Ag, atomic number 47. This soft, white transition metal has the highest electrical and thermal conductivity among metals. Silver is obtained in its pure native form, or as an alloy with gold and other metals. It is also found in minerals like argentite and chlorargyrite, in small amounts. A large part of silver is produced as the by-product of gold, copper, lead and zinc refining.
For more information please visit: http://www.hondominerals.com
VimpelCom Ltd. (NYSE:VIP) announced that its subsidiary OJSC VimpelCom acquired 90% of shares of Open Joint-Stock Company "New Telephone Company" ("NTC"). In line with the earlier announcement regarding the acquisition of NTC, VimpelCom has acquired 90% of NTC shares. VimpelCom will launch a mandatory tender offer under Russian law to acquire the remaining 10% of the outstanding NTC shares. Completion of the tender offer is expected to occur in the third quarter of 2011. The acquisition price for 100% of NTC shares is based on an Enterprise Value of US$ 420 million. The major shareholders of NTC are KT Corporation and Summit Telecom Global Management B.V., a subsidiary of Sumitomo Corporation.
VimpelCom Ltd. operates as an integrated telecommunications services provider, offering voice and data services through a range of wireless, fixed, and broadband technologies in Europe, Asia, and Africa.
Commercial Metals Company (NYSE:CMC) in conjunction with its third quarter earnings release, invites you to listen to its conference call that will be broadcast live over the Internet on Tuesday, June 21, 2011, at 11:00 a.m. Eastern time with Murray R. McClean, Chairman & CEO; Joe Alvarado, President & COO; and Barbara Smith, Senior Vice President & CFO. This call is being webcast by Thomson Reuters and can be accessed at Commercial Metals Company's Web site at www.cmc.com.
Commercial Metals Company engages in recycling, manufacturing, fabricating, and distributing steel and metal products, and related materials and services in the United States and internationally. The company was founded in 1915 and is based in Irving, Texas.
Meritor, Inc. (NYSE:MTOR) announced it has taken another step toward increasing efficiency in commercial vehicles with the launch of its 18X rear axle for fast and heavy long-haul operations. at the company's manufacturing facility in Lindesberg, Sweden, Peter Karlsten, president of Volvo Powertrain and Rose-Marie Frebran, Governor of Orebro County, cut the ribbon on Meritor's 18X production line.
Meritor, Inc. provides drivetrain mobility and braking solutions for original equipment (OE) manufacturers of trucks, trailers, and specialty vehicles. It operates in three segments: Commercial Truck, Industrial, and Aftermarket & Trailer.
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