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.
Biomass can be used as:
1. Burned in power plants to produce heat or electricity, with fewer harmful emissions than coal
2. Fermented to produce fuels, like ethanol, for cars and trucks
3. Digested by bacteria to create methane gas for powering turbines
4. Heated under special conditions, or “gasified,” to break down into a mix of gases that can be burned for electricity or used to make a range of products, from diesel to gasoline to chemicals
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Dorman Products, Inc. (Nasdaq:DORM) announced financial results for the third quarter ended September 24, 2011. Revenues for the third quarter ended September 24, 2011 increased 13% over the prior year to $134.2 million from $119.2 million. Excluding the impact of $3.5 million in costs associated with our previously-announced decision to exit our Swedish business shown in the reconciliation of non-GAAP measures below, adjusted net income increased 17% to $15.0 million in the third quarter from $12.8 million last year. Adjusted diluted earnings per share increased 15% to $0.82 in 2011 from $0.71 in 2010.
Dorman Products, Inc. supplies original equipment dealer automotive replacement parts, and fasteners and service line products primarily for the automotive aftermarket. It designs, packages, and markets approximately 122,000 automotive replacement parts, including brake parts.
Beneficial Mutual Bancorp Inc. (Nasdaq:BNCL) announced its financial results for the three and nine months ended September 30, 2011. Beneficial recorded net income of $4.1 million, or $0.05 per share, for the quarter ended September 30, 2011, compared to a net loss of $21.7 million, or $0.28 per share, for the quarter ended September 30, 2010. Net income for the nine months ended September 30, 2011 totaled $5.2 million or $0.07 per share, compared to a net loss of $8.6 million, or $0.11 per share, for the nine months ended September 30, 2010.
Beneficial Mutual Bancorp, Inc. operates as the holding company for Beneficial Bank that provides financial services to consumers and businesses in the United States.
Ctrip.com International Ltd. (Nasdaq:CTRP) will announce its third quarter 2011 results at 5:00PM U.S. Eastern Time on Sunday, November 13 (or 6:00AM on November 14, 2011 in the Shanghai/HK time zone).
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, airline tickets, and packaged tours in the People’s Republic of China.
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