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(CTC, SGAE, EPD, CLNO, NTL) Notable Stock by CRWEFinance.com

  • Published By: The Editor


Aug . 11 2011 - 04:27 am

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IFM Investments Limited (NYSE:CTC) a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21® brand in China, announced that it will report its unaudited financial results for the second quarter ended June 30, 2011, before the U.S. markets open on August 16, 2011.

IFM Investments Limited, also known as Century 21 China Real Estate, provides real estate services in the People’s Republic of China. The company primarily offers franchise services.

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http://pennyomega.com/img/sgae.jpg Siga Resources Inc (SGAE)

Gold is used in many places in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one component to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal.

Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga’s strategy targets properties that have the potential for near term production and early positive cash flow. Siga’s general geographical interest is North and South America.

Siga Resources Inc.’s President and CEO, Edwin Morrow, is pleased to announced that Bentley Fairview Resources Co. Ltd., of Ontario, Canada, the Joint Venture Partner for the Big Bear Mining Claims located in San Bernardino County, California, has advanced the initial payment for the initiation of a work program on the Big Bear Mining Claims.

This is the initial payment of a $10,000,000 Joint Venture entered by the two companies with the goal of proving the indicated gold resources on the Big Bear claims and if warranted, developing the Big Bear property to possible production. Siga’s work program and the beginning of evaluation of the project are underway as of Aug 3, 2011.

The work program will consist of extensive mapping of existing trenches, outcrop, oxidized zones and other previous workings including drill sites. Geochem sampling of large areas of the claim group along with sampling of all pits and trenches will be conforming with previous mapped and sampled areas which returned assays of greater than .01 oz/ton gold in the soil geochem. These areas of greater than .01 oz/ton gold covered a large area of the claim group and give rise to the anticipated total indicated contained ounces of gold which could range from 1 to 2 million ounces.

The Big Bear project is currently controlled under an agreement to acquire 100 percent of the property. It is situated near Lucerne Valley, CA and currently consists of approx 1440 acres (approx 2.25 square miles) of mining claims. The Big Bear Claims are on the North eastern edge of the San Bernardino Mountains. The project area is known historically as the Blackhawk mining District has been a previous producer of gold and silver. The area is believed to contain economically viable gold mineralization, particularly at the current metals prices. Anticipated total contained gold based on existing reports and studies could be in the range of 2 to 3 million ounces.

Siga Resources is also developing the Lucky Thirteen Placer in British Columbia. Currently in a 50/50 Joint Venture, Siga has installed a 50 cubic yard/hour washing and separation plant and associated excavation machinery which is being employed for bulk sample testing to determine recoverable grades and aid design of a larger production facility which could be in place before year’s end.

For more information please visit website at http://sigaresourcesinc.com

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Enterprise Products Partners LP (NYSE:EPD) announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $650 million of senior unsecured notes due on February 15, 2022 (“February 2022 Notes”), and $600 million of senior unsecured notes due on February 15, 2042 (“February 2042 Notes”). The net proceeds from the offering are expected to be used to temporarily reduce borrowings under EPO’s multi-year revolving credit facility and for general company purposes.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals in North America.

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http://pennyomega.com/img/clno.jpg 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. Cleantech Transit Inc 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).

There are several reasons as to why you should use biomass. The most common reason is that it is renewable. It can also be found locally guaranteeing you security of supply. Use of biomass also offers some employment to the locals and help in sustaining the rural economy. The availability of local networks enhance the usage and production of biomass sources reducing on financial costs that could have been used in the transportation as well as environmental implications.

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 CLNO, visit www.cleantechtransitinc.com

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Nortel Inversora S.A. (NYSE:NTL) announced consolidated net income of Ps. 676 million for the second quarter of fiscal year 2011. Nortel’s consolidated financial results for the second quarter of fiscal year 2011 are substantially identical to Telecom’s results for the same period, after accounting for minority interest and financial income and expenses at the holding- company level.

Nortel Inversora S.A., through its subsidiary, Telecom Argentina S.A., provides telecommunication services in Argentina and Paraguay.

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