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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. 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). This project could benefit the Company’s manufacturing clients worldwide.
Biomass is organic material made from plants and animals. Biomass contains stored energy from the sun. Plants absorb the sun’s energy in a process called photosynthesis. The chemical energy in plants gets passed on to animals and people that eat them. Biomass is a renewable energy source because we can always grow more trees and crops, and waste will always exist. Some examples of biomass fuels are wood, crops, manure, and some garbage. Oils and gases can be produced from various biological wastes: Thermal depolymerization of waste can extract methane and other oils similar to petroleum.
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 i! s curren tly 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 its website www.cleantechtransitinc.com
Gushan Environmental Energy Limited (NYSE:GU) announced its unaudited consolidated financial results for the second quarter of 2011. Total revenues increased by 443.0% year-to-year and by 32.0% quarter-on-quarter to RMB327.1 million (US$50.6 million). Gross profit amounted to RMB5.8 million (US$0.9 million), compared to a gross loss of RMB33.6 million for the second quarter of 2010 and a gross profit of RMB4.4 million for the first quarter of 2011. Loss from operations amounted to RMB23.2 million (US$3.6 million), compared to a loss from operations of RMB112.7 million for the second quarter of 2010 and a loss from operations of RMB14.5 million for the first quarter of 2011.
Gushan Environmental Energy Limited, through its subsidiaries, produces biodiesel and its by-products. Its biodiesel is used to produce chemical products, primarily produced from various feed stocks, such as vegetable oil, animal fat, and recycled cooking oil; to fuel a range of diesel engines in trucks, mass transit vehicles, marine vessels, and generators; and as fatty acid methyl ester in the chemical industry.
Newfield Exploration Co. (NYSE:NFX) is scheduled to present at the an event on 2:25 p.m. (Eastern), September 7, 2011. A live webcast of the presentation and the accompanying slides will be made available through Newfield’s website at http://www.newfield.com.
Newfield Exploration Company, an independent oil and gas company, engages in the exploration, development, and acquisition of natural gas and crude oil properties.
Assured Guaranty Ltd (NYSE:AGO)! announced that Dominic Frederico, President and Chief Executive Officer, is scheduled to present at the Keefe, Bruyette & Woods 2011 Insurance Conference at The Crowne Plaza Times Square in New York City on Wednesday, September 7, 2011 at 9:30 a.m. Eastern Time.
Assured Guaranty Ltd., through its subsidiaries, provides credit enhancement products to the public finance, structured finance, and mortgage markets in the United States and internationally.
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