Teck Resources Limited (NYSE:TCK) reported second quarter profit attributable to shareholders of $756 million, or $1.28 per share. Adjusted quarterly profit was $663 million, or $1.12 per share compared with $347 million, or $0.59 per share, in the second quarter of 2010. Don Lindsay, President and CEO, said, “Our adjusted earnings of $1.12 per share were nearly 90% higher than earnings in the second quarter of 2010 with the increase due mainly to higher prices for coal and copper. We are also pleased with the results of our US$2 billion notes offering, which closed in early July and strengthened our balance sheet. We now have $3.4 billion of cash and short-term investments at the date of this report. Our efforts for the balance of the year will continue to focus on ramping up production at our coal mines and advancing our copper, coal and oil sands development projects.”
Teck Resources Limited operates as a diversified mining, mineral processing, and metallurgical company.
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.
Wood is still used for energy in both household sector, and particularly in timber industry and also Paper and pulp and other forestry-related industries. Woody biomass accounts for over 10% of the primary energy consumed and it accounts for much more of the primary energy consumed in most of the developing world, primarily for cooking and space heating.
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 its website www.cleantechtransitinc.com
Assisted Living Concepts Inc. (NYSE:ALC) reported net income of $6.3 million in the second quarter of 2011 as compared to $2.9 million in the second quarter of 2010. During the second quarters of both 2011 and 2010, ALC recorded One-Time Items described below. Excluding the One-Time Items, net income in the second quarter of 2011 and 2010 would have been $5.8 million and $4.6 million, respectively. “In the second quarter of 2011, we continued to see upward movement in our private pay occupancy,” commented Laurie Bebo, President and Chief Executive Officer. “We are particularly pleased that we were able to leverage that growth into 37.0% Adjusted EBITDAR margins, the highest we have posted since becoming a public company. For the first six months of 2011, ALC reported net income of $11.3 million as compared to $6.5 million in the first six months of 2010.
Assisted Living Concepts, Inc. operates senior living residences in the United States.
Tower International, Inc. (NYSE:TOWR) announced its second quarter 2011 results. Revenue for the quarter was $603 million, up 20 percent from $502 million in the second quarter 2010. Excluding changes in exchange rates and steel pricing, revenue was up 9 percent. Adjusted EBITDA for the quarter was $55.6 million, up 8 percent from $51.7 million a year ago.
Tower International, Inc. operates as an integrated manufacturer of engineered structural metal components and assemblies to automotive original equipment manufacturers (OEMs) worldwide.
Crown Equity Holdings, Inc. (CRWE)
Crown Equity Holdings Inc’s selection of Core Link reflects recent diversification beyond CRWE’s original charter as a provider of services and knowledge to small business owners taking their own companies public. In addition to these services, Crown Equity Holdings Inc has transitioned into a multifaceted media organization that publishes clients’ news online; sells advertising adjacent with its digital network targeted at a high-income audience; designs, hosts and maintains websites; produces marketing videos from concept to final product; crafts press releases and articles for maximum SEO; develops email campaigns; and forges branding campaigns to bolster client company images.
When it comes to reaching a wide range of customers, no other medium can beat Internet. By advertising on the Internet, a small manufacturer in one part of the world can find customers in the other. Internet advertising has broken all geographical restrictions that existed with other mediums. Global companies, small local businesses, anybody and everybody can increase their product sales and profits by online advertising.
Crown Equity Holdings, Inc. together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
For more information, visit http://www.crownequityholdings.com
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