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BankAtlantic Bancorp Inc. (NYSE:BBX) announced the appointment of Russell L. Burdsall to Senior Vice President of BankAtlantic Mortgage Services. In his new role, Mr. Burdsall will develop and implement strategies to increase mortgage production and profitability. In addition, Mr. Burdsall will be hiring Mortgage Loan Officers to support BankAtlantic's retail branch network and to reach out into the communities we serve by working with Realtors, Builders, Financial Planners and other referral sources.
BankAtlantic Bancorp, Inc. operates as the holding company for BankAtlantic that provides retail and commercial banking products and services in Florida. The company was founded in 1952 and is based in Ft. Lauderdale, Florida.
Cleantech Transit, Inc. (OTCPK:CLNO)
Biomass energy can be obtained from three distinct sources such as wood, solid wastes and alcohol fuels. Forest wastes like fallen leaves, branches, dead trees, tree stumps and wood chips are used to yield biomass energy. Typically, plants like corn, sugarcane, sorghum, willow, hemp, poplar, and trees as eucalyptus and oil palm are grown to provide raw material for biomass energy. Wood waste from paper, pulp and paperboard industry is also used as biomass. Municipal solid waste and ethanol are other sources of biomass.
There are several methods available to covert biomass into useable forms of energy. The foremost among them is thermal conversion where combustion, gasification, torrefaction and pyrolysis are used to retrieve energy from the biomass.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit Inc. is pleased to provide further details on finalizing the 500 KW project. Cleantech expects to finalize its initial interest in the project around July 15th and is in talks to further increase its interest in the 500 KW project in Merced County. In addition, the Company hopes to negotiate definitive terms for the previously announced larger projects. In particular Cleantech is interested in the larger 1 MW biomass gasification facilities and will provide additional details as the Company has confirmed terms on the larger projects.
For more information about CLNO, visit www.cleantechtransitinc.com
Orofino Gold Corp. (ORFG)
Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
Orofino's corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
The most useful mineral found in the Earth's depths is gold. There hardly is an area in which it doesn't take part of: jewelry crafting, finance, electronics, medicine and many more. The reason why gold is being used so much is because of its precious qualities. It conducts electricity, is easy for manipulation, blends with other materials, but most of all- it is beautiful, and its glamour can never be tarnished.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
The rich history of gold in Colombia dates back to pre-Columbian times. Explorers from Europe traveled across the ocean in search of legendary South American riches, much of which were believed to be in the land that comprises what is modern-day Colombia. However, until recently, geographic and political conditions have prevented people and companies from fully leveraging the extent of the region's rich mineralogical resources.
Orofino Gold's President Ary Pernett and Vice President of Development Alfonso Calderon hosted investors interested in a firsthand look at the company's Senderos de Oro projects. These visits come as investors consider the financial commitments necessary to fund exploration and provide modern mining techniques and equipment to the area.
The group spent four days in Colombia during which they had an opportunity to tour Orofino's active mine sites at La Azul, Culo Alzado, and Buena Sena. The visit offered investors an opportunity to observe current artisanal gold production, and an in-person view of Colombia's revitalized foreign investment opportunities and stability. Following this site visit, Orofino's directors and investors are expected to prepare for the company's future funding and development needs as it continues to expand exploration at Senderos de Oro.
For more information about Orofino Gold Corp, please visit their website: http://www.orofinogold.com
Kingsway Financial Services Inc. (NYSE:KFS) announced its financial results for the first quarter ended March 31, 2011. All amounts are in U.S. dollars unless indicated otherwise. The Company reported a first quarter net loss of $18.4 million or loss of $0.35 per share diluted. The book value has decreased from $2.78 per share at December 31, 2010 to $2.47 per share at March 31, 2011. The Company also carries a valuation allowance, in the amount of $4.67 per share at March 31, 2011, against the deferred tax asset primarily related to its loss carryforwards. In the first quarter, the Company reported a loss from continuing operations of $17.1 million, compared to a loss from continuing operations of $95.4 million in the first quarter of last year. Diluted loss per share was $0.33 for the quarter, compared to diluted loss per share of $1.83 for the first quarter of 2010. As noted above, the current quarter's loss is primarily due to underwriting losses, unrealized loss on fair value of debt, and corporate expenses offset by investment income.
Kingsway Financial Services Inc. provides insurance solutions to individuals and businesses in the United States. The company primarily offers private passenger non-standard automobile insurance that covers drivers who do not qualify for standard automobile insurance coverage because of their payment history, driving record, place of residence, age, vehicle type, or other factors.
Rite Aid Corp. (NYSE:RAD) is launching a healthy skin care campaign in partnership with The Skin Cancer Foundation that includes free informational guides in all 4,700 stores and online, money-saving promotions on skin care products, a national tour featuring free full-body skin cancer screenings by local dermatologists and expert advice from Rite Aid pharmacists nationwide.
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.
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