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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. (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.
Biogas is a mixture of methane and other gases, which is produced from the decomposition of biomass in anaerobic conditions. At its simplest, this involves dumping biomass in a digester, or large pot, and waiting for it to rot. While high-efficiency biogas production is not that simple, anaerobic digestion requires fewer inputs of capital, heat or energy than either ethanol or biodiesel production. Moreover, in terms of the usable energy value, biogas production seems to produce substantially more usable energy per acre than either ethanol or biodiesel.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
Northern Trust Corporation (Nasdaq:NTRS) a leading provider of financial services for institutions, affluent individuals and families, announced that Brian P. Donovan has been appointed Managing Director of the Stamford, Connecticut office. "Brian's leadership skills, dedication to serving his clients and wealth transfer expertise make him the ideal choice for this important position," said Jeff Kauffman, President and Chief Executive Officer of Northern Trust's Personal Financial Services business in the Northeast and Managing Director, EMEA and APAC. "He will continue to build our Connecticut business through exceptional client service."
Northern Trust Corporation is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. For more information, visit http://www.northerntrust.com.
Premier Exhibitions, Inc. (Nasdaq:PRXI), the leading presenter of museum-quality touring exhibitions throughout the world, announced the appointment of Michael Little as Chief Financial Officer of the Company. In addition, the Company disclosed preliminary financial results for the first quarter of fiscal 2012.
Premier Exhibitions, Inc. is located in Atlanta, GA and is a major provider of museum quality exhibitions throughout the world. Premier Exhibitions, Inc. is a recognized leader in developing and displaying unique exhibitions for education and entertainment. Additional information about Premier Exhibitions, Inc. is available at www.prxi.com.
Westway Group, Inc. (Nasdaq:WWAY) announced that the Company and its bank syndicate extended the maturity date and amended certain key terms of the Company's existing $200 million credit facility. The modifications included, among other items, the extension of the maturity date to July 6, 2015, the reduction of the interest rate and commitment fees payable, the relaxation of certain key financial covenants, and the provision of an additional $50 million accordion feature to the current facility.
Westway Group, Inc. provides liquid storage and related value-added services worldwide. It manufactures and distributes liquid animal feed supplements to end users and feed manufacturers, primarily supplying to the beef and dairy livestock industries.
Owens Corning (NYSE:OC) is scheduled to announce second-quarter financial results on Wednesday, August 3, prior to the opening of the New York Stock Exchange. Chairman and Chief Executive Officer Mike Thaman and Chief Financial Officer Duncan Palmer will host an earnings conference call at 11 a.m. ET on Wednesday, August 3, to discuss the company's results for the second quarter of 2011. Conference Call; Wednesday, August 3, 2011 at 11 a.m. Eastern Time.
Owens Corning is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems.Additional information is available at www.owenscorning.com.
Donaldson Company, Inc. (NYSE:DCI), announced, as part of its ongoing officer succession planning process, that Thomas R. VerHage, Vice President and Chief Financial Officer, will leave the Company on October 31st. VerHage, 58, joined Donaldson in 2004 in his current role with responsibility for Donaldson's global finance organization. During VerHage's tenure, he led the implementation and ongoing compliance with the Sarbanes-Oxley legislation, improved the forecasting, annual planning and budgeting processes, and helped to ensure the effective integration of acquisitions including Western Filter, Aerospace Filtration Systems, Triboguard, and LMC West.
Donaldson is a leading worldwide provider of filtration systems that improve people's lives, enhance our Customers' equipment performance, and protect our environment. We are a technology-driven Company committed to satisfying our Customers' needs for filtration solutions through innovative research and development, application expertise, and global presence. Additional information is available at www.donaldson.com.
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