Cleantech Transit, Inc. (CLNO)
For thousands of years, ever since we used wood for fuel, we have relied on biomass or bioenergy to provide heat and energy. Today we use many other sources of biomass in the form of plants, landfill fumes, agriculture and forest residues, and organic wastes from industries and cities.
Biomass can come from a large variety of sources. Often, agricultural and forest industry by-products can be used, which include paper mill residue and lumber mill scrap. Municipal wastes and surplus crops can also be utilized. Dedicated energy crops, such as fast growing trees and grasses can be used as sustainable long-term sources of biomass.
Energy is produced from biomass by basically burning organic matter to release its stored chemical energy that it has accumulated through the process of photosynthesis. Using biomass contributes very little to the build-up of greenhouse gases. Although plants will release their stored carbon dioxide (CO2) when burned, that CO2 is recaptured and used by other plants as they grow. Therefore, theoretically there is no net gain of carbon dioxide because of a cycle of usage.
There are several ways of creating electricity from biomass, including direct-fired, co-firing, gasification, anaerobic digestion.
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 can generate shareholder returns as well benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. original 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.
With the growth in the green sector as a whole the CLNO has expanded its focus to invest directly in specific projects. Recent advances in the technology of converting wood waste into power have so greatly enhanced the economic value of their systems they have launched the biomass division as a separate company, Phoenix Energy, to focus exclusively on generating greater returns for manufacturing clients worldwide.
For more information about Cleantech Transit, Inc. http://www.cleantechtransitinc.com
First Acceptance Corporation (NYSE:FAC) reported its financial results for the third quarter and nine months ended March 31, 2011 of its fiscal year ending June 30, 2011. Revenues for the three months ended March 31, 2011 were $52.8 million, compared with $56.1 million for the same period in fiscal year 2010. Loss before income taxes for the three months ended March 31, 2011 was $1.9 million, compared with income before income taxes of $2.2 million in the same period in fiscal year 2010. Net loss for the three months ended March 31, 2011 was $1.6 million, or $0.03 per share on a diluted basis, compared with net income of $2.1 million, or $0.04 per share on a diluted basis, for the same period in fiscal year 2010.
First Acceptance Corporation, through its subsidiaries, engages in selling, servicing, and underwriting non-standard personal automobile insurance products primarily in the southeastern and mid western United States.
Bovie Medical Corp. (AMEX:BVX) announced its financial results for the first quarter and year ended March 31, 2011. Revenues for the first quarter ended March 31, 2011 increased 10% to $6.2 million versus $5.6 million for the comparable period last year. Revenues were positively impacted by increased OEM generator sales as well as higher electrosurgical disposable sales.
Bovie Medical Corporation engages in the development, manufacture, and marketing of medical products and devices, primarily electrosurgical generators and disposables in the United States and Canada.
iMergent, Inc. (AMEX:IIG) reported financial results for its first quarter ended March 31, 2011. Net loss for the first quarter of 2011 was $1,851,000 or $0.17 per diluted common share, compared to a net income of $123,000 or $0.01 per diluted common share in the prior year quarter. Loss before income tax provision for the first quarter of 2011 was $2,973,000, compared to income of $248,000 in the prior year quarter.
iMergent, Inc. provides e-commerce technology, training, services, and various cloud-based technologies and resources to entrepreneurs, and small, medium, and large enterprises.
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