Franklin Covey Co. (NYSE:FC) provides execution, leadership, and personal-effectiveness training services worldwide. Franklin Covey also provides training in management skills, relationship skills, and individual effectiveness, as well as personal-effectiveness literature and electronic educational solutions. Franklin Covey’s practice areas and product lines also include winning customer loyalty, trust, sales performance, education solutions, e-learning, custom solutions, and media publishing.
Franklin Covey Co. yesterday announced financial results for its fiscal third quarter ended May 28, 2011. Net sales for the quarter totaled $40.9 million, a 34% increase over $30.5 million reported in the third fiscal quarter of the prior year. The improvement in net sales had a significant impact on Franklin Covey’s operating results as Adjusted EBITDA increased 160% to $5.2 million compared with $2.0 million in the prior year. Pre-tax income also improved significantly, increasing by $3.1 million to $2.2 million compared with a loss of $0.9 million for the quarter ended May 29, 2010.
Franklin Covey expects to be toward the high end of its previously provided fiscal 2011 outlook for Adjusted EBITDA in the range of $18 million to $21 million, representing growth of approximately 24% to 45% compared with fiscal 2010 Adjusted EBITDA. Franklin Covey currently expects its Adjusted EBITDA in fiscal 2012 to grow by approximately 20% to 25% compared with fiscal 2011.
Franklin Covey serves organizational clients consisting of corporations, governmental agencies, educational institutions, and other organizations; and individual clients. Franklin Covey provides its services and products through professional consulting services, public workshops, retail stores, catalogs, and the Internet. Franklin Covey was founded in 1983 and is headquartered in Salt Lake City, Utah.
For more information about FC, please visit: www.franklincovey.com.
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Tortoise Capital Resources Corp. (NYSE:TTO) announced that on Thursday, July 14, 2011, it will report its earnings results for its second quarter ended May 31, 2011. The company will host a conference call at 4 p.m. CDT on Thursday, July 14, 2011 to discuss its financial results. Please dial-in approximately five to 10 minutes prior to the scheduled start time.
Tortoise Capital Resources Corp. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It is co-managed by Kenmont Investments Management, L.P.
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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 that could maximize shareholder value.
Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
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.
The benefits of renewable energy extend to stimulating the economy and creating job opportunities. The money that is invested in renewable energy is typically spent on materials and staff that build and maintain equipment instead of importing energy. The money spent on renewable energy stays in the United States for the most part, often within the same state or county.
For more information about CLNO, visit www.cleantechtransitinc.com.
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National Health Partners, Inc. (NHPR)
National Health Partners, Inc. is headquartered in Horsham, Pennsylvania. National Health Partners, Inc. currently offer five standard CARExpress membership programs that provide benefits that range from prescription drug and vision care to comprehensive physician, hospital, vision, dental and other care.
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.
Misaligned incentives within the health care system also raise costs. The widespread fee-for-service reimbursement system for outpatient care encourages the delivery of both more services and more expensive services. In addition, higher utilization is driven in part by physician ownership of technology, with higher referral rates for procedures when physicians own the facilities in which those procedures take place. Lack of transparency is reflected in the disconnection between the price of care and patients’ demand for it, yielding little price competition among providers.
National Health Partners, Inc., a leading provider of discount healthcare membership programs, announced the recent signing of two new significant marketing agreements. These two clients provide very different opportunities and continue to expand the reach of CARExpress into new marketplaces.
By launching their own unique internet marketing program, the first group should be able to provide a widespread push into the on-line market to produce an excellent volume of new CARExpress sales into the pipeline. In addition, the second group offers a reach into the wholesale marketplace where CARExpress will be wrapped into other programs to enhance the value of the overall package to the consumer. They would consider this non-traditional business and a great opportunity to expand their reach as well as recognition of the CARExpress program nationwide.
The company plans to announce the rollout of these new marketing campaigns as well as several others over the next few weeks.
National Health Partners, Inc’s 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.
For more information about the National Health Partners, Inc. please visit their website: www.nationalhealthpartners.com.
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Monmouth Real Estate Investment Corp. (NYSE:MNR) will host its Third Quarter 2011 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Tuesday, August 9, 2011, at 10:00 a.m. Eastern Time.
Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust. It owns, manages, and leases properties to investment-grade tenants on long-term leases.
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Education Realty Trust Inc. (NYSE:EDR) announced its board of directors has approved a quarterly cash dividend of $ 0.07 per share of common stock for the quarter ending June 30, 2011. The dividend will be payable August 16, 2011, to shareholders of record as of July 29, 2011.
Education Realty Trust, Inc., a real estate investment trust (REIT), develops, acquires, owns, and manages student housing communities located near university campuses in the United States.
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