Cleantech Transit Inc. (CLNO)
Cleantech Transit is focusing its efforts on building a portfolio of environmentally friendly green assets. Cleantech Transit goal is to create a self sustaining environment where they can produce and sell clean electricity for their domestic use. In addition Cleantech will expand its focus to other areas of sustainable energies including renewable resources such as Geothermal, Solar and Wind. Their goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
Biomass utilization may prevent the harmful effects that forest fires on the atmosphere by preventing their occurrence. Mercury, toxic materials and particulate matter are released in forest fires. Carbon dioxide, carbon monoxide, methane, nitrogen oxide, and other gases are also emitted. Moreover, the loss of vegetation means that carbon dioxide can no longer be sequestered. Biofuels contribute to cleaner air by reducing gasoline emission from motor vehicles. Ethanol is blended with gasoline to increase octane. Biodiesel is another common fuel blend that greatly reduces pollution.
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).
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: www.cleantechtransitinc.com
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Matthews International Corporation (Nasdaq:MATW) announced plans to release fourth quarter fiscal 2011 results after the market closes on Thursday, November 10, 2011. Matthews International Corporation has scheduled a conference call for Friday, November 11, 2011 at 9:00 a.m. Eastern time. Participating in the call will be Joseph C. Bartolacci — President and CEO, and Steven F. Nicola - Chief Financial Officer.
Matthews International Corporation designs, manufactures, and markets memorialization products and brand solutions for the cemetery and funeral home industries in the United States, Mexico, Canada, Europe, Australia, and Asia.
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Altra Holdings, Inc. (Nasdaq:AIMC), a global manufacturer and marketer of industrial power transmission and motion control products, intends to release unaudited financial results for the third quarter of 2011 before the market opens on Tuesday, November 1, 2011.
Altra Holdings, Inc., through its subsidiary, Altra Industrial Motion, Inc., designs, produces, and markets a range of mechanical power transmission and motion control products worldwide.
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Ruth’s Hospitality Group Inc. (NASDAQ:RUTH) reported unaudited financial results for its third quarter ended September 25, 2011. Total revenues, which include Company-owned restaurant sales, franchise income, and other operating income were $80.2 million compared to $78.6 million in the third quarter of 2010. Company-owned restaurant sales increased 1.9% to $77.1 million for the third quarter of 2011 from $75.7 million in the same quarter last year. Total operating weeks decreased 0.2% to 1,103 from 1,105 due to the relocation of our Portland restaurant.
Ruth’s Hospitality Group, Inc. operates restaurants in the United States and internationally. It owns the Ruth’s Chris Steak House, Mitchell’s Fish Market, Columbus Fish Market, Mitchell’s Steakhouse, and Cameron’s Steakhouse concepts in the full-service dining industry.
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