Penford Corporation (Nasdaq:PENX) reported that consolidated sales for the quarter ended May 31, 2011 increased 38% to $85.2 million from $61.9 million a year ago. Loss from continuing operations was $0.7 million, or $0.06 per diluted share, for the quarter ended May 31, 2011 compared with a loss from continuing operations of $5.8 million, or $0.49 per diluted share last year. Third quarter fiscal 2011 results reflect an increase in accounts receivable reserve of $0.6 million in the Industrial Ingredients business.
Penford Corporation engages in the development, manufacture, and marketing of specialty natural-based ingredient systems for industrial and food ingredient applications primarily in the United States.
Cleantech Transit, Inc. (CLNO)
Cleantech Transit, Inc. is in the business of producing and conserving power. They produce and sell clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit, Inc goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
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.
Biomass is essentially waste-to-energy and can take the form of landfill gas, human and animal waste and agricultural waste. In the case of garbage in a landfill, the garbage decomposes and emits methane gas, which can then be captured to turn a generation turbine. In the case of human/animal waste, microbes eat the waste and emit gas that can be captured in the same way. With agricultural waste, the material is incinerated and the resulting heat boils water. The steam that is created then turns generation turbines.
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.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Catalyst Health Solutions, Inc. (Nasdaq:CHSI) announced its updated 2011 financial guidance to reflect the impact from its acquisition of Walgreens Health Initiatives, Inc. (WHI). Revenue in 2011 is now projected to grow by 35% to 41% over the prior year to $5.1 billion to $5.3 billion. The Company expects 2011 adjusted earnings per diluted share to range from $2.30 to $2.40.
Catalyst Health Solutions, Inc., together with its subsidiaries, operates as a pharmacy benefit management company in the United States.
PokerTek, Inc. (Nasdaq:PTEK) announced that its planned rollout of Blackjack Pro on the ProCore gaming platform continued to gain momentum, with several new installations going live at the end of June. The latest installations increase the total installed Blackjack Pro gaming positions to 96, with all available inventory now fully deployed on cruise ships and land-based casinos. “Blackjack Pro continues to perform exceptionally well in the field, and player feedback has been overwhelmingly positive,” commented Mark Roberson, PokerTek’s Chief Executive Officer. “The successful launch of Blackjack Pro on the ProCore platform opens up tremendous new opportunities as we diversify our product line and expand our installed base.
PokerTek, Inc., together with its subsidiaries, engages in the development, manufacture, and marketing of electronic table games and related products for casinos, cruise lines, racinos, card clubs, and lotteries worldwide.
Kingold Jewelry, Inc. (Nasdaq:KGJI) announced that the Company will present at the 2011 Global Hunter Securities Conference to be held July 17-19, 2011 in San Francisco.Kingold’s Chief Financial Officer, Mr. Bin Liu, will be available to meet with institutional investors throughout the day. For further details, please contact Global Hunter Securities, or the Company’s IR representative in the U.S., Kalle Ahl, at +1 (646) 833-3417 or kalle.ahl@ccgir.com.
Kingold Jewelry, Inc. engages in the designs, manufactures, and sells gold jewelry and Chinese ornaments in the People’s Republic of China.
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