Pennytobuck's Personal Finance Blog

Buckeye Technologies Inc. (NYSE:BKI) announced the release of its 2011 Sustainability Report. This report (which summarizes calendar year 2010 results) highlights continuing efforts on reducing fossil fuels, water, solid waste, and air emissions. Buckeye has reduced its Greenhouse Gas emissions (from fossil fuels and purchased electricity) by over 5% per ton of production since 2007, while generating 80% of its total energy needs from renewable biomass. In addition, significant reductions of water used daily were achieved (down 7% since 2007) while reducing landfill wastes by 18% since 2007.

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Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc.

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TMS International Corp. (NYSE:TMS) the parent company of Tube City IMS Corporation, a leading provider of outsourced industrial services to steel mills globally, announced results for the second quarter ended June 30, 2011. Revenue after Raw Materials Costs in the quarter was $137.0 million, an 11.4% increase compared to $123.0 million in the second quarter of 2010. Adjusted EBITDA was $33.5 million, a 3.6% decrease compared to the $34.7 million in the second quarter of 2010.

TMS International Corp., through its subsidiaries, provides outsourced industrial services to steel mills worldwide.

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Cleantech Transit Inc. (CLNO)

Many years ago wood was our main source of fuel, now biomass energy is becoming a long lost energy source that is seldom used. In some parts of the world sugar cane is grown and can be fermented to make alcohol. Alcohol can be burned in order to generate energy in much the same way as coal. It is also possible to crush the sugar cane pulp or "bagasse" and burn it to produce steam to power turbines which can run generators. This is a form of biomass energy.

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Pandora Media, Inc (NYSE:P) announced that its second quarter fiscal year 2012 financial results will be released on Thursday, August 25, 2011, after the close of the market. The company will host a conference call at 2:00 PM (PT) / 5:00 PM (ET) to discuss the quarterly financial results with the investment community. A live audiocast of the event will be available on the Pandora Investor Relations website at http://investor.pandora.com.

Pandora Media, Inc. operates as an Internet radio company in the United States. It provides its radio service to traditional computers, Android phones, Blackberry phones, and the iPhone.

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China Mass Media Corp. (NYSE:CMM) announced it will release its unaudited financial results for the second quarter 2011 before the market opens on August 22, 2011. Management will host a conference call and live webcast to discuss the results at 8:00am Eastern Time on August 22, 2011 (8:00 pm Beijing Time on August 22, 2011). Mr. Wang Sheng Cheng, Chairman and Chief Executive Officer, Ms. Julie Sun, Chief Financial Officer, and Mr. Paul Liang, Financial Controller, will discuss the results and take questions following the prepared remarks.

Read more at: http://pennytobuck.com/?p=16609

Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc.

Read more ta: http://pennytobuck.com/?p=16608

Flagstar Bancorp (NYSE:FBC) announced that it has signed a definitive agreement to divest its 22-branch retail bank franchise in Indiana to First Financial Bancorp (Nasdaq:FFBC) for a consideration equal to a 7 percent premium based on the actual level of consumer and commercial deposits at closing. Based on $327.9 million of consumer and commercial deposits at June 30, 2011, the consummated transaction would result in a one-time gain of approximately $23 million.

Read more at: http://pennytobuck.com/?p=16607

Information Services Group, Inc. (NASDAQ:III) announced financial results for the second quarter of 2011. ISG reported total revenues of $50.3 million, an increase of $16.9 million, or 51%, from $33.4 million in the second quarter of 2010 and up 24% from the first quarter of 2011.

Information Services Group, Inc. operates as a fact-based sourcing advisory firm principally in the Americas, Europe, and the Asia Pacific.

Read more at: http://pennytobuck.com/?p=16603

Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Mr. Kumar and Mrs. Sherma will own 50% of the joint venture and Crown Equity Holdings Inc. will own the remaining fifty percent (50%) interest in the joint venture.

Read more at: http://pennytobuck.com/?p=16602

Paulson Capital Corp. (Nasdaq:PLCC) reported a net loss of $2,362,021 (or ($0.41) per share) for the three months ended June 30, 2011 versus a loss of $377,712 (or ($0.06) per share) for June 30, 2010. Revenues for June 30, 2011 totaled $2,575,434 versus $4,758,722 for the same period in 2010. "The problems in the global economy continue to plague small cap issues. Although we attempt to match operating costs with activity levels, many of our expenses were either fixed or difficult to change on short notice. Accordingly fluctuations in trading, retail and corporate finance revenues tend to result in sharper fluctuations in net income or loss."

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Pointer Telocation Ltd. (Nasdaq:PNTR) announced its financial results for the second quarter of 2011. David Mahlab, Chief Executive Officer of Pointer, commented on the results, "We are pleased with the continuous positive momentum in Q2 with the ongoing increase in sales of both equipment and services all across the regions. The company's large and stable customer base together with constant increase in average revenue per user (ARPU) support our business position. We have strong visibility based on new business opportunities and solid service solutions that will help us secure about 70% of our revenues for long term.

Read more at: http://pennytobuck.com/?p=16600

Pointer Telocation Ltd. (Nasdaq:PNTR) announced its financial results for the second quarter of 2011. David Mahlab, Chief Executive Officer of Pointer, commented on the results, "We are pleased with the continuous positive momentum in Q2 with the ongoing increase in sales of both equipment and services all across the regions. The company's large and stable customer base together with constant increase in average revenue per user (ARPU) support our business position. We have strong visibility based on new business opportunities and solid service solutions that will help us secure about 70% of our revenues for long term.

Read more at: http://pennytobuck.com/?p=16600

optionsXpress Holdings, Inc. (Nasdaq:OXPS) reported that optionsXpress and The Charles Schwab Corporation (NYSE:SCHW) have obtained all regulatory approvals that are required to complete the previously announced transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated March 18, 2011, by and among optionsXpress, Schwab and Neon Acquisition Corp., a Delaware corporation and wholly-owned direct subsidiary of Schwab. This represents a significant step forward towards completion of the transaction.

Read more at: http://pennytobuck.com/?p=16599

Majestic Gold Corp. (MJS.V)

Majestic Gold Corp. (MJS.V) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

Read more at: http://pennytobuck.com/?p=16598

SRI/Surgical Express, Inc. (Nasdaq:STRC) announced financial results for its second quarter ended June 30, 2011. For the second quarter of 2011, SRI Surgical reported total revenue of $26,781,000, an increase of $1,734,000, or 6.9%, from the second quarter of 2010. The net loss for the second quarter of 2011 was $810,000, or $0.13 per basic and diluted common share, compared to a net loss of $313,000, or $0.05 per basic and diluted common share, reported for the second quarter of 2010. For the first six months of 2011, SRI Surgical reported total revenue of $54,111,000, an increase of $4,453,000, or 9.0%, from the first half of 2010.

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Tegal Corporation (NASDAQ:TGAL) announced financial results for Q1 fiscal year 2012, which ended June 30, 2011. The Company's Net Loss per share decreased to ($0.59) from ($1.46) in the first quarter of the prior fiscal year; The Net Loss of ($994K) consisted primarily of G&A expenses of $873K, which included over $500K of expensed items for audit fees, special meeting expenses and annual cash bonuses which will not recur in later quarters of this fiscal year. In addition, the Company recognized its proportionate share of Sequel Power's operating loss of ($150K).

Read more at: http://pennytobuck.com/?p=16596

Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. originally only aim was to develop opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the growing clean energy public transportation sector.

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.

Read more at: http://pennytobuck.com/?p=16590

Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. originally only aim was to develop opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the growing clean energy public transportation sector.

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.

Read more at: http://pennytobuck.com/?p=16580

Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. originally only aim was to develop opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the growing clean energy public transportation sector.

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.

Read more at: http://pennytobuck.com/?p=16580

Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. originally only aim was to develop opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the growing clean energy public transportation sector.

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.

Read more at: http://pennytobuck.com/?p=16580

Tsakos Energy Navigation Limited (NYSE:TNP) announced that its Board of Directors has authorized a new share repurchase program on the Company's common shares allocating up to $20 million for purchases in the open market and in other transactions. The timing of any share purchases, the prices and the exact number of shares to be purchased will be dependent on market conditions. This is the fifth share repurchase program TEN's Board has authorized since the initiation of the programs in 2005.

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Asbury Automotive Group, Inc. (NYSE:ABG) announced that management will present at the BB&T Auto Aftermarket Conference in New York, NY on August 17th. BB&T Conference Details: Location: Intercontinental Hotel, New York. Presentation time: 1:40 p.m. Eastern Time on Wednesday, August 17, 2011, live audio webcast and 30 day replay link: http://wsw.com/webcast/bbt21/abg/, Investor presentation slides will be available on the Company's website at http://www.asburyauto.com.

Read more at: http://pennytobuck.com/?p=16578

Asbury Automotive Group, Inc. (NYSE:ABG) announced that management will present at the BB&T Auto Aftermarket Conference in New York, NY on August 17th. BB&T Conference Details: Location: Intercontinental Hotel, New York. Presentation time: 1:40 p.m. Eastern Time on Wednesday, August 17, 2011, live audio webcast and 30 day replay link: http://wsw.com/webcast/bbt21/abg/, Investor presentation slides will be available on the Company's website at http://www.asburyauto.com.

Read more at: http://pennytobuck.com/?p=16578

Accenture plc (NYSE:ACN) has released the Accenture Citizen Self-Service Portal, a secure, public-facing online access tool to help connect human service agencies with the people they serve. The portal builds on the Accenture Public Service Platform (APSP), a flexible service-based technology platform launched in 2009 to help public service agencies manage a wide array of citizen services in an integrated manner to lower technology and management costs and improve service delivery. The new portal, released for limited use earlier this year, leverages the benefits of human service integration provided by APSP, providing citizens access to a simple, online, human services access point.

Read more at: http://pennytobuck.com/?p=16577

Majestic Gold Corp. (MJS.V)

Majestic Gold Corp. (MJS.V) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares ("Shares") of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.

Read more at: http://pennytobuck.com/?p=16576

Medtronic, Inc. (NYSE:MDT) announced it will report financial results for the first quarter of its fiscal year 2012 on Tuesday, August 23, 2011. A news release will be issued at approximately 6:15 a.m. Central Time and will be available at www.medtronic.com/newsroom. The earnings news release will include summary financial information for Medtronic's first quarter ended July 29, 2011. Medtronic will host a webcast at 7 a.m. Central Time to discuss financial results for its first quarter. The webcast can be accessed by clicking on the Investors link through the Medtronic website at www.medtronic.com.

Read more at: http://pennytobuck.com/?p=16573

Walker & Dunlop, Inc. (NYSE:WD) announced record revenue for the second quarter of $42.4 million, generating $18.2 million of income from operations and net income of $11.1 million, or $0.51 per diluted share. "This strong quarter was emblematic of our Company's ability to capitalize on the favorable macro-economic conditions and consistent improvement in the commercial real estate sector during the second quarter.

Read more at: http://pennytobuck.com/?p=16571

Sparton Corporation (NYSE:SPA) announced that Cary Wood, the Company's Chief Executive Officer will present at the Midwest IDEAS Investor Conference at the University of Chicago, Gleacher Center in Chicago, Illinois on Wednesday, August 31, 2011. The presentation will take place at 4:50 p.m. CST. Mr. Wood will provide an overview of Sparton's operations, financial results and industry achievements. The presentation will be webcast live and may be accessed at the conference website at http://www.midwestideas.com or on Sparton's investor relations page at www.sparton.com.

Sparton Corporation, together with its subsidiaries, offers electronic manufacturing services primarily for medical device, defense and security systems, and electronic manufacturing services industries worldwide.

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Duncan Energy Partners L.P. (NYSEEP) announced its financial and operating results for the three and six months ended June 30, 2011. Net income attributable to Duncan Energy Partners for the second quarter of 2011 was $22.5 million, or $0.39 per common unit on a fully diluted basis, compared to $23.3 million, or $0.40 per common unit on a fully diluted basis, for the second quarter of 2010.

Duncan Energy Partners L.P. engages in gathering, transporting, marketing, and storing natural gas, as well as in transporting and storing natural gas liquids (NGLs), and petrochemical and refined products in the United States.

Read more at: http://pennytobuck.com/?p=16569