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(RGC, CLNO, CFX, GBE, N) Stock Updates by PennyToBuck.com

July 30th, 2011 at 09:03 am







Regal Entertainment Group (NYSE:RGC) announced fiscal second quarter 2011 results. Total revenues for the second quarter ended June 30, 2011 were $753.3 million compared to total revenues of $730.7 million for the second quarter ended July 1, 2010. Net income attributable to controlling interest in the second quarter of 2011 was $34.8 million compared to $4.8 million in the second quarter of 2010, which included an $11.5 million after-tax loss on extinguishment of debt. Diluted earnings per share were $0.23 for the second quarter of 2011 compared to $0.03 for the second quarter of 2010. Adjusted diluted earnings per share were $0.24 for the second quarter of 2011 compared to $0.12 for the second quarter of 2010.

Regal Entertainment Group, through its subsidiaries, operates a theatre circuit in the United States. The company develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets under the Regal Cinemas, United Artists, and Edwards brand names.

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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.

Biomass energy is renewable, which means more biomass can be made in a short time. We can always grow more plants. We should plant new trees when we cut down old ones for wood. We also need to take care of the soil in which our crops grow.

People and animals get their energy from biomass. The energy in everything we eat comes from plants. Bread is made from wheat, a plant. Hamburgers are made from beef, which came from cows that eat grass and grain. Until about 150 years ago, biomass gave people most of the energy they used. The cave dwellers and settlers burned wood for heat. They burned wood to cook food.

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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Colfax Corporation (NYSE:CFX) announced financial results for the second quarter ended July 1, 2011. On a year-over-year basis, highlights for the second quarter and year-to-date period include: Second Quarter of 2011 (all comparisons versus the second quarter of 2010) Net income of $10.4 million (23 cents per share - diluted); adjusted net income (as defined below) of $14.1 million (32 cents per share), an increase of 83.1%, which includes a pre-tax charge of $1.5 million from the settlement of a frozen pension plan.

Colfax Corporation designs, manufactures, and distributes fluid handling products that transfer or control liquids in various applications worldwide.

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Grubb & Ellis Company (NYSE:GBE) announced that Kraft Foods has agreed to extend its contract for facilities and project management services through 2016. The extension, which represents an early renewal of Grubb & Ellis' existing relationship with Kraft Foods, covers 41 locations throughout the U.S. and Canada totaling more than 4 million square feet of property. Grubb & Ellis has served as facilities services provider for the Kraft Foods headquarters in Northfield, Ill., and all of the food company's office and R&D sites across North America since 2008.

Grubb & Ellis Company, a commercial real estate services and investment management company, together with its subsidiaries, provides integrated real estate solutions, including transactions, management, consulting, and investment advisory services.

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NetSuite Inc. (NYSE:N) announced operating results for its second quarter ended June 30, 2011. Total revenue for the second quarter of 2011 was $57.8 million, representing a 23% increase over the second quarter of 2010. Subscription and support revenue for the second quarter was $48.2 million, representing 21% growth over the same period in the prior year.

NetSuite Inc., together with its subsidiaries, provides an on-demand integrated business management application suite to businesses and divisions of companies worldwide.


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