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(GBE, CLNO, ORFG, BBX, KFS) Stock Updates by PennyToBuck.com

Posted, by PennyToBuck on June 18th, 2011

Grubb & Ellis Company (NYSE:GBE) announced that the company has entered into a definitive agreement for the sale of substantially all of the assets of its real estate investment fund business, Alesco Global Advisors, to Lazard Asset Management LLC. Terms of the transaction were not disclosed. Alesco Global Advisors is a registered investment advisor that focuses on real estate securities and manages three registered mutual funds. Grubb & Ellis acquired a 51 percent interest in Alesco Global Advisors through its Daymark subsidiary in 2007.

Grubb & Ellis Company, a commercial real estate services and investment management company, together with its subsidiaries, provides integrated real estate solutions, including transactions, management, consulting, and investment advisory services.

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Cleantech Transit Inc. (CLNO)

Traditional use of biomass in form of firewood, charcoal, manure and crop residues continues to play a major role in many developing countries. It represents the largest contribution to the energy supply to many dispersed and poor rural populations where it is used inefficiently in open hearths or simple stoves in poorly ventilated spaces to cook food.

Cleantech Transit Inc. is pleased to provide further details on finalizing the 500 KW project. Cleantech expects to finalize its initial interest in the project around July 15th and is in talks to further increase its interest in the 500 KW project in Merced County. In addition, the Company hopes to negotiate definitive terms for the previously announced larger projects. In particular Cleantech is interested in the larger 1 MW biomass gasification facilities and will provide additional details as the Company has confirmed terms on the larger projects.

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 has to offer.

For more details about Cleantech Transit Inc. visit their website: www.cleantechtransitinc.com

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Orofino Gold Corp. (ORFG)

Orofino Gold's President Ary Pernett and Vice President of Development Alfonso Calderon of Orofino Gold Corp. (ORFG) hosted investors interested in a firsthand look at the company's Senderos de Oro projects. These visits come as investors consider the financial commitments necessary to fund exploration and provide modern mining techniques and equipment to the area.

The group spent four days in Colombia during which they had an opportunity to tour Orofino's active mine sites at La Azul, Culo Alzado, and Buena Sena. The visit offered investors an opportunity to observe current artisanal gold production, and an in-person view of Colombia's revitalized foreign investment opportunities and stability. Following this site visit, Orofino's directors and investors are expected to prepare for the company's future funding and development needs as it continues to expand exploration at Senderos de Oro.

Orofino Gold's corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.

Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
A gold nugget is a naturally occurring piece of native gold. Watercourses often concentrate and grow the nuggets. Nuggets are recovered by placer mining, but they are also found in residual deposits where the gold-bearing veins or lodes are weathered. Nuggets are also found in the tailings piles of previous mining operations, especially those left by gold mining dredges.

For more information about Orofino Gold Corp., please visit their website: http://www.orofinogold.com

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BankAtlantic (NYSE:BBX) announced it has teamed up with Miami Dolphins Coach Tony Sparano, Jeanette Sparano and Tony Segreto, and will sponsor "Meatballs & Martinis Night" benefiting Forever Family® and foster care children. Forever Family is a local non-profit organization with a focused mission. The organization works to get children in foster care adopted by recruiting loving foster families, mentors and volunteers. Forever Family also raises funds and critical assistance for families adopting medically needy children and teens 'aging out' of foster care at age 18.

BankAtlantic Bancorp, Inc. operates as the holding company for BankAtlantic that provides retail and commercial banking products and services in Florida.

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Kingsway Financial Services Inc. (NYSE:KFS) announced its financial results for the first quarter ended March 31, 2011. All amounts are in U.S. dollars unless indicated otherwise. The Company reported a first quarter net loss of $18.4 million or loss of $0.35 per share diluted. The book value has decreased from $2.78 per share at December 31, 2010 to $2.47 per share at March 31, 2011. The Company also carries a valuation allowance, in the amount of $4.67 per share at March 31, 2011, against the deferred tax asset primarily related to its loss carryforwards.

Kingsway Financial Services Inc. provides insurance solutions to individuals and businesses in the United States.

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Authored by, PennyToBuck
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