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Tortoise Capital Resources Corp. (NYSE:TTO) announced that on Thursday, July 14, 2011, it will report its earnings results for its second quarter ended May 31, 2011. The company will host a conference call at 4 p.m. CDT on Thursday, July 14, 2011 to discuss its financial results. Please dial-in approximately five to 10 minutes prior to the scheduled start time. The call will also be webcast in a listen-only format. A link to the webcast will be accessible at www.tortoiseadvisors.com. A replay of the call will be available beginning at 6:00 p.m. CDT on July 14, 2011 and continuing through July 26, 2011, by dialing (800) 406-7325 (U.S./Canada). The replay access code is 4449508. A replay of the webcast will also be available on the company's website at www.tortoiseadvisors.com through July 14, 2012.
Tortoise Capital Resources Corp. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It is co-managed by Kenmont Investments Management, L.P. The fund invests in the public equity markets of the United States. Tortoise Capital Resources Corp. was formed on September 8, 2005 and is domiciled in the United States.
Cleantech Transit Inc. (OTCPK:CLNO)
Biomass Energy can use a large variety of feedstock such as wood pellets,rice husk,bagasse etc.
The capital investment required for biomass based power plants is relatively less at $1-2/watt of biomass capacity.Note wind energy is slightly higher while solar is even higher.Biomass Energy has similar capex characteristics as other forms of conventional energy like coal,gas,oil etc.
Biomass plants can be built in remote areas and used as a distributed form of power generation.
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. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com
MEMC Electronic Materials, Inc. (NYSE:WFR) announced that its affiliate, MEMC Singapore Pte. Ltd., and Suntech Power Holdings Co., Ltd. have agreed to terminate their long-term solar wafer supply agreement. Under the terms of the supply agreement, which was originally signed in July 2006, MEMC was to supply solar wafers to Suntech over a 10-year period, with pre-determined pricing, on a take or pay basis beginning in January 2007. As part of the original supply agreement, Suntech advanced funds to MEMC in the form of a loan/security deposit and MEMC received a warrant to purchase up to a 4.99% equity stake in Suntech.
MEMC is a global leader in semiconductor and solar technology. MEMC has been a pioneer in the design and development of silicon wafer technologies for over 50 years. With R&D and manufacturing facilities in the U.S., Europe, and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. For more information about MEMC, please visit www.memc.com.
Monmouth Real Estate Investment Corporation (NYSE:MNR), a real estate investment trust (REIT) specializing in net-leased industrial properties, will host its Third Quarter 2011 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Tuesday, August 9, 2011, at 10:00 a.m. Eastern Time. Monmouth Real Estate's third quarter financial results will be released on Monday, August 8, 2011 and will be available on the company website at www.mreic.com in the "Financial Filings" section.
Monmouth Real Estate Investment Corp., which was organized in 1968, is a publicly-owned REIT specializing in net-leased industrial properties. The Company's portfolio consists of sixty-four industrial properties and one shopping center located in twenty-five states. In addition, the Company owns a portfolio of REIT securities.
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