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.
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.
Biomass is a renewable energy and its usage has several environmental benefits. Growing biomass, (e.g. energy crops like switch grass), has important land, habitat, and soil conservation benefits. Producing energy from residues in forests, mills and landfills avoids the release of methane into the atmosphere from decomposition of unused wood and agricultural wastes. Depending upon how much fossil energy is used to grow and process biomass feedstock, the result is a substantial reduction of net greenhouse gas emissions.
Most importantly, biomass is the only renewable energy that can be directly substituted for petroleum based transportation fuels, which account for one-third of US’s CO2 emissions - one of the principal greenhouse gases. Much of this CO2 and other harmful emissions can be alleviated by substituting bio-fuels for fossil fuels or by using them as fuel additives such as ethanol.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
AutoZone Inc. (NYSE:AZO) will release results for its fourth quarter ended August 27, 2011, before market open on Tuesday September 20, 2011. Additionally, the Company will host a one hour conference call on Tuesday, September 20, 2011, beginning at 10:00 a.m. (EDT), to discuss the results of the quarter.
AutoZone, Inc. operates as a specialty retailer and distributor of automotive replacement parts and accessories.
Target Corp. (NYSE:TGT) reported that its net retail sales for the four weeks ended July 30, 2011 were $4,840 million, an increase of 5.6 percent from $4,585 million for the four weeks ended July 31, 2010. On this same basis, July comparable-store sales increased 4.1 percent.
Target Corporation operates general merchandise stores in the United States. The company offers household essentials, as well as seasonal merchandise, including patio furniture, and holiday decor.
Cliffs Natural Resources Inc. (NYSE:CLF) announced that its Board of Directors has authorized it to repurchase up to four million of its outstanding common shares under a newly authorized share repurchase plan.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore pellets, lump and fines iron ore, and metallurgical coal products.
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