Luby's, Inc. (NYSE:LUB) announced its unaudited financial results for the third quarter fiscal 2011, a twelve-week period, which ended on May 4, 2011. Restaurant sales were $78.1 million, an increase of $24.1 million compared to the same quarter last year. During the quarter, same store sales grew 3.5% at the 96 Luby's Cafeterias restaurants compared to the same quarter last year. An increase in customer traffic generated the sales increase, which was partially offset by a 1% decline in customer check average.
Luby's, Inc., together with its subsidiaries, engages in the ownership and operation of restaurants in the United States. As of November 2, 2009, the company operated 96 restaurants located throughout Texas and 3 other states.
Cleantech Transit Inc. (CLNO)
Renewable resources are considered natural resources that replenish faster then humans consume them. This means that almost every resource that humans use in the world is considered a renewable resource. Biomass is created from trees and plants. It includes both crops that are specifically grown as an energy source and plant waste such as residue left over from the paper-making process, or the methane gas produced from decomposition. Like solar and wind power, biomass has been around for a long time. The simple act of lighting a fire for cooking or heat is an example of using biomass. Newer forms of it include crop cultivation specifically for energy, and the use of crop waste like corn stover (the stalks, leaves and husks left over after harvest).
Most biomass is in solid form and can be burned (combusted with oxygen in air). The combustion process results in the generation of heat (thermal energy) the same way that burning coal gives off heat. The heat generated by the burning of biomass can be used for space heating (e.g., heating of buildings), for cooking, and for heating water. It can also be used to boil water to generate steam, which in turn is used to run a turbine and electric generator to produce electricity in the same way that coal is used to generate electricity in a coal-fired power plant. The biomass may need a certain amount of processing before burning (e.g., sorting, drying, and size reduction). It may also be mixed with coal or other types of fuel in the furnace.
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. 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.
For more information, visit www.cleantechtransitinc.com
Orofino Gold Corp. (ORFG)
The most important industrial use of gold is in the manufacture of electronics. Solid state electronic devices use very low voltages and currents which are easily interrupted by corrosion or tarnish at the contact points. Gold is the highly efficient conductor that can carry these tiny currents and remain free of corrosion. Electronic components made with gold are highly reliable. Gold is used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.
Apart from the obvious use of gold alloys in dental restorations, there are also a number of direct applications of gold in medical devices. As with dental applications, these are related to the excellent biocompatibility of gold as a material. Applications include wires for pacemakers and gold plated stents used in the treatment of heart disease.
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. Orofino'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. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. The rich history of gold in Colombia dates back to pre-Columbian times. Explorers from Europe traveled across the ocean in search of legendary South American riches, much of which were believed to be in the land that comprises what is modern-day Colombia. However, until recently, geographic and political conditions have prevented people and companies from fully leveraging the extent of the region's rich mineralogical resources.
Orofino Gold's President Ary Pernett and Vice President of Development Alfonso Calderon 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.
For more information about Orofino Gold Corp., please visit their website: http://www.orofinogold.com
Acorn International, Inc. (NYSE:ATV) announced that its Board of Directors voted to recommend that Acorn shareholders reject the Bireme Limited ("Bireme") cash tender offer (the "Offer") of $2.00 per ordinary share (equivalent to $6.00 per American Depositary Share) (the "Offer Price") as inadequate and not in the best interests of Acorn and its shareholders.
Acorn International, Inc., an integrated multi-platform marketing company, operates TV direct sales businesses and a nationwide off-TV distribution network.
Newcastle Investment Corp. (NYSE:NCT) has declared a quarterly dividend of $0.10 per common share for the second quarter of 2011. The dividend is payable on July 29, 2011 to shareholders of record on July 5, 2011. The Company's common shares will begin trading ex-dividend on June 29, 2011. The Board of Directors also declared dividends on the Company's Series B, Series C and Series D preferred stock for the period beginning May 1, 2011 and ending July 30, 2011. The dividends are payable on July 29, 2011 to shareholders of record on July 5, 2011. The Company will pay total dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.75% Series B, 8.05% Series C and 8.375% Series D preferred stock, respectively.
Newcastle Investment Corp. operates as a real estate investment and finance company that invests in and manages a portfolio consisting primarily of real estate securities.
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