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Home > (CLNO, SRT, CRY, GNW, NQ) Featured Stocks by PennyToBuck.com

(CLNO, SRT, CRY, GNW, NQ) Featured Stocks by PennyToBuck.com

July 30th, 2011 at 09:20 am






Cleantech Transit Inc. (CLNO)

Cleantech Transit, Inc 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.

Biogas, one of the most significant types of biomass energy, makes optimal utilization of the valuable natural resource of dung. It provides (soot-free) clean gas for meeting cooking and energy needs as well as enriched bio-fertilizer for improvement of fertility/ productivity of agricultural lands. Endorsement of the biogas technology seems to be one of the best options, which cannot only partially offset the fossil fuel from wood consumption but also facilitates recycling of agro-animal residues as a bio-fertilizer. Moreover, being clean and renewable, it will also contribute towards environment protection, sustenance of ecosystem and conservation of biodiversity.

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 details about Cleantech Transit Inc. visit their website: www.cleantechtransitinc.com

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StarTek, Inc. (NYSE:SRT) announced its financial results for the second quarter ended June 30, 2011. The Company reported second quarter 2011 revenue of $57.1 million and a net loss of $0.64 per share. Fueled by new client wins and the expansion of existing programs, full-time equivalent offshore agents grew 13% and offshore revenue grew 17% compared to the first quarter of 2011. Training and other costs associated with the ramp-up of these programs resulted in offshore margins decreasing slightly to 7% from 9% in the first quarter of 2011. The offshore growth is part of the Company's strategy to offset its shrinking North American call volumes, which resulted in lower North American margins in the second quarter.

StarTek, Inc. provides business process outsourcing services for the communications industries in the United States, Canada, the Philippines, and Costa Rica.

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CryoLife, Inc. (NYSE:CRY) announced its results for the second quarter and first six months of 2011. Revenues for the second quarter were a record $29.4 million compared to $29.3 million for the second quarter of 2010. Revenues for the first six months increased to a record of $59.6 million compared to $59.0 million for the first six months of 2010.

CryoLife, Inc. engages in the processing and distribution of implantable living human tissues for use in cardiac and vascular surgeries in the United States and Canada.

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Genworth Financial, Inc. (NYSE:GNW) reported results for the second quarter of 2011. The company reported a net loss (1) of $96 million, or $0.20 per diluted share, compared with net income of $42 million, or $0.08 per diluted share, in the second quarter of 2010. The net operating loss(2) for the second quarter of 2011 was $74 million, or $0.15 per diluted share, compared with net operating income of $118 million, or $0.24 per diluted share, in the second quarter of 2010. The net loss and net operating loss in the quarter reflect a reserve strengthening of approximately $300 million in U.S. Mortgage Insurance (U.S. MI).

Genworth Financial, Inc., a financial security company, provides insurance, wealth management, investment, and financial solutions in the United States and internationally.

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NetQin Mobile Inc. (NYSE:NQ) announced that the company has signed a framework agreement with Telefonica, S.A. (Telefonica), the fifth largest Telco service provider worldwide, to provide mobile Internet services to the subscribers of Telefonica. Under the agreement, NetQin's mobile internet services will be integrated in Telefonica's and its subsidiary's App Store and in mobile devices distributed by Telefonica and subsidiaries.

NetQin Mobile Inc. operates as a software-as-a-service provider of consumer-centric mobile Internet services focusing on security and productivity in the People Republic of China and internationally.

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