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Tutor Perini Corporation, together with its subsidiaries, operates as a construction services company offering diversified general contracting, construction management, and design-build services to private clients and public agencies in the United States and internationally. It focuses on public works construction, including the new construction, repair, replacement, and reconstruction of the public infrastructure, such as highways, bridges, mass transit systems, and wastewater treatment facilities; large and complex projects in the hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial, and high-tech markets, as well as electrical and mechanical, plumbing, and HVAC services as a subcontractor; and diversified construction and design-build services to the U.S. military and government agencies, as well as surety companies and multi-national corporations.
Tutor Perini Corporation (NYSE:TPC) reported that it has acquired one of New York’s largest providers of Electrical and Mechanical services and systems, GreenStar Services Corporation, which has a current backlog of approximately $1.2 billion dollars and posted revenues in fiscal year 2010 of approximately $560 million dollars.
With over 80 years of experience, GreenStar has served a range of clients in a wide variety of markets including transportation, infrastructure, commercial, school and university, residential, and specialty construction. Among the prestigious projects GreenStar is currently working on are the World Trade Center Towers 1, 2, 3 and 4, the Path Transportation HUB, the 9/11 Memorial Museum, and the Madison Square Garden renovation project.
TPC also announced that it has completed the acquisition of Lunda Construction Company. Lunda, which has a current backlog of approximately $400 million and posted revenues of approximately $400 million in fiscal year ended December 31, 2010, and it is in the top tier of heavy civil contractors engaged in the construction, rehabilitation and maintenance of bridges, railroads, and other civil structures in the Midwest and throughout United States.
Under the terms of the transaction, Tutor Perini acquired 100% of Lunda’s stock for $163.5 million, consisting of $141.8 million in cash at closing and $21.7 million in notes payable in five years, plus a structured earnout based on the achievement of certain profitability targets for the next three years.
Lunda will continue to operate under the current company name and will continue to be managed by its current senior management team, with Larry Lunda remaining as President and CEO.
More about TPC at www.tutorperini.com
Highwoods Properties, Inc. (NYSE:HIW), one of the largest owners and operators of office properties in the Southeast, announced that it will release results for the second quarter of 2011 on Wednesday, July 27, after the market closes. A conference call will be held the next day, Thursday, July 28, at 12:00 p.m. Eastern time. For US/Canada callers, dial (800) 272-6255. A live, listen-only Web cast can be accessed through the Company's Web site at www.highwoods.com under the "Investor Relations" section. A replay of the call will be available on the Investor Relations section of Highwoods web site at www.highwoods.com.
Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. For more information about Highwoods Properties, please visit our web site at www.highwoods.com.
National Health Partners, Inc (OTC:NHPR)
Workers at most of the large businesses and many small ones can take advantage of class insurance plans negotiated simply by their employers. However millions of people who operate in low-paying service, retail or perhaps contracting jobs must seek individual insurance policies, which may be unaffordable or perhaps unavailable because of their professional medical histories. Others acquire insurance with insurance deductibles so high or insurance plan limits so small that an illness or one bad accident could leave them broke. The need for affordable healthcare alternatives has never been greater.
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called "CARExpress." The company's primary target customer group is the 47 million Americans who have no health insurance of any kind. The company's secondary target customer group includes the millions of Americans who lack complete health insurance coverage.
National Health Partners, Inc., a leading provider of discount healthcare membership programs, announced the recent signing of two new significant marketing agreements. These two clients provide very different opportunities and continue to expand the reach of CARExpress into new marketplaces.
By launching their own unique internet marketing program, the first group should be able to provide a widespread push into the on-line market to produce an excellent volume of new CARExpress sales into the pipeline. In addition, the second group offers a reach into the wholesale marketplace where CARExpress will be wrapped into other programs to enhance the value of the overall package to the consumer. We would consider this non-traditional business and a great opportunity to expand our reach as well as recognition of the CARExpress program nationwide.
The company plans to announce the rollout of these new marketing campaigns as well as several others over the next few weeks.
For more information please visit official website of NHPR: www.nationalhealthpartners.com
Newfield Exploration Company (NYSE:NFX) will host its second quarter 2011 earnings conference call at 8:30 a.m. (CT), Thursday, July 21, 2011. Earnings results will be released prior to the call. To participate in the conference call, please dial (719) 325-4774 about 10 minutes prior to the scheduled start time. In addition, a listen-only broadcast of the call will also be provided over the internet at http://www.newfield.com, under Investor Relations. Please go to the web site at least 10 minutes prior to the call to register, download and install any necessary audio software. If you are not able to participate in the conference call, an audio replay will be available through July 25, 2011 by dialing (719) 457-0820 and entering conference code 9633921. A replay over the web at the above address will be available shortly after the call and will remain on the site for 365 days.
Newfield Exploration Company is an independent crude oil and natural gas exploration and production company. The Company relies on a proven growth strategy of growing reserves through an active drilling program and select acquisitions. Newfield's domestic areas of operation include the Mid-Continent, the Rocky Mountains, onshore Texas, Appalachia and the Gulf of Mexico.
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 that can maximize shareholder value.
The benefits of commercial-scale solar energy;
Solar Energy Advantages:
o Can be permitted and installed faster than other traditional or renewable power plants.
o Produces local, on-site energy, which reduces the need for extensive high-voltage transmission lines or a complex infrastructure.
o Reliable over the long term: With no moving parts, fixed photovoltaic systems last longer than other energy sources.
o Clean, quiet and visually unobtrusive in nature. Solar energy plants do not have any polluting emissions, do not make any sound, and are not considered to be an "eyesore."
o Uses little to no water in the production of zero-emission electricity.
o Has a predictable energy curve and is most efficient when utility rates are at their highest.
o Can be placed in virtually every geographical region because the sun is available everywhere.
o Offsets the need for polluting, expensive and inefficient power plants designed exclusively to meet peak demand.
o Creates clean, renewable energy that will sustain and support the health of future generations.
o Supports national energy independence because solar electricity is used where it is generated.
o Creates good, local jobs for the new energy economy. In fact, solar energy creates more jobs per megawatt hour than any other energy type.
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).
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.
For more information, visit www.cleantechtransitinc.com
MF Global Holdings Ltd. (NYSE:MF), a broker-dealer providing trading and hedging solutions, will release its fiscal first quarter 2012 financial results on Thursday, July 28, 2011. A results will be issued at approximately 6:30 a.m. ET and will be available on the investor relations section of MF Global's website, at http://www.mfglobalinvestorrelations.com. MF Global will host a conference call to discuss the quarter's results at 7:30 a.m. ET.
MF Global is one of the world's leading brokers of commodities and listed derivatives. MF Global delivers trading and hedging solutions as a broker-dealer across all major markets for futures and options, commodities, fixed income, equities and foreign exchange. For more information, please visit www.mfglobal.com.
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