Ebix, Inc. (NASDAQ:EBIX)
Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, provides end to end solutions ranging from infrastructure Exchanges, carrier systems, agency systems and BPO services to custom software development for all entities involved in the insurance industry.
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Ebix, Inc. previously made a few key announcements related to its operations.
Strong Cash Growth in Q2 2011
EBIX announced strong growth in cash during the second quarter of 2011 in the approximate amount of $19.7 million. The Company started the second quarter with $35.6 million of cash. In the second quarter of 2011, the Company paid approximately $23.8 million in cash for stock buybacks, $6.8 million in cash to Rennes Foundation for retiring a convertible note, $1.67 million in cash to Bank of America towards debt reduction, $0.6 million in cash towards earn outs, and 0.7 million in cash towards non-operating acquisition related severances. After paying approximately $33.5 million in cash in Q2 of 2011 towards non-operating activities, the Company‘s cash balance as of 30th June 2011 was approximately $23.8 million.
Future Earnings Outlook:
The Company believes that the momentum being experienced in its sales activities, coupled with its recent decision to increase its sales staffing considerably, is expected to allow Ebix to continue to grow its EPS consistently, in spite of the increased tax forecast.
The Company plans to release its 2011-second quarter earnings results on August 9th 2011 and will host a conference call to review the results at 11:00 a.m.
For more information about Ebix, Inc. please visit http://www.ebix.com/
Cleantech Transit, Inc. (CLNO.OB)
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 that can maximize shareholder value, 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. ("Cleantech") previously announced it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
CLNO 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 we move ahead.
"This is a significant milestone for the Company and our goal is to continue to build value as we progress," stated Mr. Kenneth Bosket, Cleantech's President and CEO.
Phoenix Energy is an owner/operator of small-scale distributed energy plants that produce electricity, heat and biochar in partnership with businesses in the Ag, forestry and urban biomass sectors. The Company promotes a model of sustainability by bringing small, sustainable power plants to the site of energy demand and biomass residues.
The Phoenix Energy technology used in Merced essentially cooks the biomass in an oxygen-deprived environment to release the elemental gasses from the wood. In the process biomass is converted into a carbon rich biochar. With the carbon fixed in solid form this process not only provides a valuable soil amendment but also serves as a source of carbon sequestration.
Biomass gasification facilities can fire boilers that heat schools, offices, institutions, and manufacturing facilities. The net fuel cost is cheaper than heating oil, natural gas, and coal. In addition, proper engineering, wood burning systems emit fewer pollutants into the air than coal and oil systems.
For more information about Cleantech Transit, Inc. please visit http://www.cleantechtransitinc.com
Identive Group, Inc. (NASDAQ:INVE) bolstered its position as an early solutions leader for the emerging near field communications (NFC) market with the launch of an online marketplace featuring NFC solutions for system integrators and applications developers.
Identive Group, Inc. provides products and solutions in the areas of physical and logical access control, identity management, and radio frequency identification (RFID) systems to governments, commercial and industrial enterprises, and consumers worldwide.
CEVA, Inc. (NASDAQ:CEVA) the leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for the handset, portable and consumer electronics markets, will announce results for the second quarter ended June 30, 2011 on July 26, 2011 before the NASDAQ market opens.
CEVA, Inc. and its subsidiaries engage in designing and licensing silicon intellectual property (SIP) for the handsets, portable multimedia, and consumer electronics markets.
Skyworks Solutions, Inc. (NASDAQ:SWKS) will conduct a conference call with analysts to discuss its third quarter fiscal 2011 results and business outlook on July 21 at 5:00 p.m. Eastern time. After the close of the market on July 21, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on Skyworks' Web site at www.skyworksinc.com.
Skyworks Solutions, Inc., together with its subsidiaries, offers analog and mixed signal semiconductors worldwide. The company provides power amplifiers and front-end solutions for cellular devices from entry level to multimedia platforms and smart phones.
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