Cleantech Transit Inc. (CLNO)
The basic forms of clean energy are often cited as those that come from water, wind, or sun (solar). In some cases, some manufacturing and use of coal is considered clean and called clean coal. This last is a matter of dispute among environmentalists. Clean energy may also be called renewable energy or green energy and it specifically refers to energy produced usually from renewable resources without creating environmental debt. There are several other ways such clean energy can be defined. In some cases it may refer to energy processes that pollute less, or it can be considered only energy that doesn’t pollute at all and doesn’t use resources that can’t be easily renewed.
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 that can maximize shareholder value. 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. recently reported that funding to be provided to Phoenix Energy for the commercialization of a 500 Kilowatt biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government. If it concludes its planned investment in Phoenix Energy, under Section 1603 of the American Reinvestment and Recovery Act, Cleantech Transit would be entitled to receive its pro-rata share of 30% cash grant payments. Once the final interconnect process and application are complete the grant should be received within 60 days. The 5-year grant vesting period, means all parties must remain owner of record for that length of time, underscoring Cleantech and its partners’ commitment to this project and the host community.
For more information about CLNO, please visit its website at www.cleantechtransitinc.com.
Proper Power & Energy, Inc. (PPWE)
Oil and natural gas industry is the backbone of every healthy developed nation’s economy and what happens in the industry reverberates throughout the entire economy. That’s because the industry supports more than 9 million American jobs and makes significant economic contributions as an employer and purchaser of American goods and services. In 2007, the industry supported a total value added to the national economy of more than $1 trillion or 7.5 percent of the U.S. gross domestic product.
Proper Power & Energy, Inc is an independent exploration and production company. The Company’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, where the company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
Proper Power & Energy, Inc. recently announced that it has been approached by two independent financing groups and has submitted a $10 million private placement memorandum to each of them. These two groups, are seeking domestic oil and gas production in light of the Middle East tensions. The timing to acquire oil and gas properties while gas prices are low couldn’t be better. Additionally, the availability of this funding for developing Proper Power’s Kentucky and Utah oil prospects would accelerate 2011 revenues and leasehold acreage growth dramatically.
For more information about PPWE please visit website www.properpower.com.
Cisco Systems, Inc. (Nasdaq:CSCO) announced it has completed its acquisition of privately-held Inlet Technologies, a leading provider of Adaptive Bit Rate (ABR) digital media processing platforms. Based in Raleigh, N.C., Inlet strengthens the capabilities of Cisco’s Videoscape TV platform, allowing service and content providers to deliver compelling video experiences to any device over any Internet Protocol (IP) network. Cisco Videoscape is a comprehensive TV platform for service providers that brings together digital TV and online content with social media and communications applications to create a truly immersive home and mobile video entertainment experience. Inlet’s advanced ABR technology, which is used in streaming multimedia over managed and unmanaged networks, adapts the quality of the video stream based on real-time network conditions.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide.
North Central Bancshares Inc. (Nasdaq:FFFD) announced its financial results for the year ended December 31, 2010. The Company’s net income for the year ended December 31, 2010 was $1.7 million, or $0.87 per diluted share, compared to net income of $3.2 million, or $1.99 per diluted share, for the year ended December 31, 2009. The decrease in earnings was primarily due to an increase in provision for loan losses and decreases in net interest income, noninterest income and gain on securities, offset in part by decreases in noninterest expense and the provision for income taxes. Net interest income for the year ended December 31, 2010 was $14.5 million, compared to net interest income of $14.6 million for the year ended December 31, 2009. Net interest spread for the year ended December 31, 2010 was 3.19%, compared to net interest spread of 3.13% for the year ended December 31, 2009.
North Central Bancshares, Inc. operates as the holding company for First Federal Savings Bank of Iowa that offers banking services in the central, north central, and southeastern parts of Iowa.
SkyWest Inc. (Nasdaq:SKYW) reported a 44.7 percent increase in departures to 99,698 for February compared to 68,919 for the same period last year. Passenger boardings for February increased 40.1 percent to 3,765,343 compared to 2,687,224 for the same period last year. SkyWest also reported a 42.4 percent increase in revenue passenger miles (RPMs) for February, while available seat miles (ASMs) increased 46.4 percent compared to February 2010. The combined airlines generated 1.91 billion RPMs for the month, while ASMs increased to 2.57 billion. Load factor was 74.5 percent compared to 76.6 percent, down 2.1 percentage points compared to February 2010. The substantial increases for each of the items are due primarily to the acquisition of ExpressJet Airlines on November 12, 2010.
SkyWest, Inc., through its subsidiaries, operates as a regional airline in the United States. As of December 31, 2009, the company primarily offered scheduled passenger and air freight services with approximately 2,300 total daily departures to 217 different destinations in the United States, Canada, Mexico, and the Caribbean.
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