Cascade Corp. (NYSE:CASC) reported its financial results for the second quarter ended July 31, 2011.Net sales of $135.6 million for the second quarter of fiscal 2012 were 31% higher than net sales of $97.7 million for the second quarter of fiscal 2011, excluding the impact of changes in foreign currency exchange rates. Our net income for the second quarter of fiscal 2012 was $13.9 million ($1.23 per diluted share) compared to $3.2 million ($.29 per diluted share) for the second quarter of fiscal 2011.
Cascade Corporation engages in the manufacture and distribution of material handling load engagement products and related replacement parts, primarily for the lift truck and construction industries worldwide.
Cleantech Transit, Inc. (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 could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (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.
One of the advantages of biomass is its versatility. It can be burned directly, or ! converte d into a gas or oil, to generate electricity (biopower) and heat. It can also be converted into liquid fuels (biofuels) for transportation needs. There are several ways of turning biomass into electricity and heat, including direct combustion, co-firing, gasification, pyrolysis and anaerobic digestion.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Sara Lee Corp (NYSE:SLE) announced that its board of directors has agreed to appoint Jan Bennink, executive chairman of Sara Lee, as the chairman of the board of “CoffeeCo”. This appointment will take effect after the planned spin-off of Sara Lee’s international coffee and tea business is completed in the first half of calendar 2012.
Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat, bakery, and beverage products worldwide.
Baytex Energy Corp. (NYSE:BTE) is pleased to announce that Anthony Marino, President and Chief Executive Officer, will be presenting at the Peters & Co. North American Oil & Gas Conference on Tuesday, September 13, 2011 at 2:30pm EDT (12:30pm MDT) in Toronto, Ontario.
Baytex Energy Corp., through its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin and the United States.
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