Lizhan Environmental Corporation (Nasdaq:LZEN) announced that Cheng Jiaying has been elected as a new director, which was become effective July 3rd. Mr. Jiaying will replace Ma Jianfu, who is resigning from the board, effective July 1st, 2011, due to health reasons. Mr. Ma's resignation is not due to any disagreement with management or the board.
Lizhan Environmental Corporation (Lizhan Environmental), formerly Illigate Environment Resources Technology Company Limited, is a holding company.
Cleantech Transit Inc. (CLNO)
Cleantech Transit Inc originally only 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.
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.
One of the main benefits of biomass fuel over fossil fuel can be best understood in terms of greenhouse gasses. While both biomass fuels and fossil fuels release about the same amount of carbon dioxide into the atmosphere when burned, there is a distinct difference in the effect they each have on the atmosphere. Burning fossil fuel releases carbon dioxide that was captured during photosynthesis literally millions of years ago. As it is burned, carbon dioxide is released as a new greenhouse gas, a 'new' carbon dioxide. Biomass fuel, on the other hand, releases carbon dioxide that was recently captured during photosynthesis and it tends to equal itself out. Nothing 'new' is being sent into the atmosphere, thus greatly reducing the greenhouse gas effect on the ozone layer.
Cleantech Transit, Inc 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.
For more information about Cleantech Transit Inc. visit their website: www.cleantechtransitinc.com
MTR Gaming Group, Inc. (Nasdaq:MNTG) announced that it has determined that it will not proceed with the previously announced offering of $500 million in aggregate principal amount of senior secured second lien notes due 2019 (the "Offering") because of current market conditions. The Company will continue to evaluate its financing alternatives.
MTR Gaming Group, Inc., through its subsidiaries, engages in the racing, gaming, and entertainment businesses.
LoopNet, Inc. (Nasdaq:LOOP), a leading provider of commercial real estate marketing and technology solutions, and operator of the most heavily trafficked commercial real estate marketplace, will report second quarter 2011 financial results on Wednesday, July 27, 2011, following the market close. The Company will not be hosting a conference call in conjunction with this earnings release.
LoopNet, Inc. owns and operates an online marketplace for commercial real estate in the United States.
Kearny Financial Corp. (Nasdaq:KRNY) announced that the Company's Board of Directors has declared a quarterly cash dividend of $.05 per share to stockholders of record as of July 1, 2011 payable on July 22, 2011. The Company is the majority-owned subsidiary of Kearny MHC, a federally chartered mutual holding company, which owns 74.9% of the Company's outstanding shares.
Kearny Financial Corp. operates as a holding company for Kearny Federal Savings Bank in New Jersey.
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