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McDermott International Inc. (NYSE:MDR) reported income from continuing operations of $63.7 million, or $0.27 per diluted share, for the 2011 second quarter. The results of the 2011 second quarter compare to income from continuing operations of $78.7 million, or $0.34 per diluted share, in the corresponding period of 2010. Classified as discontinued operations, the results of McDermott's charter fleet business are excluded from both periods and The Babcock & Wilcox Company, which was spun-off to McDermott shareholders last year on July 30, is excluded from the 2010 period. Weighted average common shares outstanding on a fully diluted basis were approximately 237.5 million and 234.4 million in the quarters ended June 30, 2011 and June 30, 2010, respectively.

McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company focuses on designing and executing complex offshore oil and gas projects.

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http://pennyomega.com/img/nhpr.jpg National Health Partners, Inc. (OTC:NHPR)

The relentless, decades-long rise in the cost of health care has left many Americans struggling to pay their medical bills. Workers complain that they cannot afford high premiums for health insurance. Patients forgo recommended care rather than pay the out-of-pocket costs. Employers are cutting back or eliminating health benefits, forcing millions more people into the ranks of the uninsured. And state and federal governments strain to meet the expanding costs of public programs like Medicaid and Medicare.

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." CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. National Health Partners, Inc 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. (OTC:NHPR), a leading provider of unique discount healthcare membership programs, announced that it has entered into agreement with a major Hispanic marketing group for the sale of its CARExpress programs. The company also sees growth in new sales of memberships of more than 300% thru the remainder of the year.

Under the new agreement, this national Hispanic marketing group will be promoting the company's CARExpress discount healthcare membership program to Hispanic communities located across the United States, with particular focus on cities and regions containing a large number of Hispanics. With the previously announced plans to increase monthly sales by 75% with its newest and most successful marketing partner, the company now expects sales of new members to grow more than 300% thru the remainder of the year.

For more information about National Health Partners, Inc. please visit their website: www.nationalhealthpartners.com.

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MaxLinear Inc. (NYSE:MXL), a provider of highly integrated, radio-frequency (NYSE:RF) and mixed-signal integrated circuits for broadband communications applications, announced financial results for the second quarter ended June 30, 2011. Net revenue for the second quarter of 2011 was $18.1 million, an increase of 7 percent compared with the first quarter of 2011 and a decrease in revenue of less than 1 percent compared to the second quarter of 2010. Gross profit in the second quarter of 2011 was 63 percent of revenue, compared to 64 percent in the first quarter of 2011 and 70 percent in the second quarter of 2010. Loss from operations in the second quarter of 2011 was 32 percent of revenue, compared with a loss of 11 percent in the first quarter of 2011, and positive income from operations of 9 percent in the second quarter of 2010. Net loss for the second quarter of 2011 was $4.8 million, or $0.15 per share (diluted), compared with $1.1 million, or $0.04 per share (diluted), for the first quarter of 2011 and net income of $1.8 million, or $0.05 per share (diluted), for the second quarter of 2010.

MaxLinear, Inc., a fabless semiconductor company, provides integrated, radio-frequency (RF) analog and mixed-signal semiconductor solutions for broadband communications applications primarily in the United States.

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http://pennyomega.com/img/clno.jpg Cleantech Transit Inc. (OTCPK:CLNO)

Some of the advantages of biomass are:

" Biomass can be used to make a variety of fuels to generate electricity
" Biomass is used for the production of chemical products
" Biomass waste can help in reducing disposal costs
" Biomass waste can extend the life of landfills
" Biomass is renewable.
" it can make our life easier
" Can use waste products and therefore can have negative fuel costs
" Can create several products - electricity/heat/biogas/biofuel

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.

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QR Energy, LP (NYSE:QRE) announced that the Board of Directors of its general partner has approved a cash distribution attributable to the second quarter of 2011 of $0.4125 per unit for all outstanding units. This represents an annualized distribution of $1.65 per unit. The distribution will be payable on August 12, 2011 to unitholders of record at the close of business on August 8, 2011.

QR Energy, LP is a publicly traded partnership engaged in the acquisition, production and development of onshore crude oil and natural gas properties in the United States. QR Energy is headquartered in Houston, Texas. For more information, visit QR Energy's website at www.qrenergylp.com.

 

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