Primoris Services Corporation (NASDAQ:PRIM)
Primoris, through various subsidiaries, has grown to become one of the largest specialty contractors and infrastructure companies in the United States. Serving diverse end markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers.
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PRIM announced that its wholly-owned subsidiary, James Construction Group, was awarded a $123.6 million contract from the Texas Department of Transportation (TxDOT) to reconstruct and widen a portion of I-35 in Waco (Bell County), Texas. Work on this project is scheduled to commence in January 2012 and is expected to be completed by July 2015.
This is the second I-35 contract won by James Construction Group, which in July 2010 was awarded a $107 million contract by TxDOT for a 13.5 mile stretch of I-35 linking Waco and Austin. That project, scheduled for completion by 2014, consists of widening and replacing the roadway with new concrete paving, as well as constructing seven bridges over I-35, the Lampassas River, and the NW Connector.
For more information about Primoris Services Corporation please visit http://www.prim.com/
Fulton Financial Corp. (Nasdaq:FULT) reported net income of $36.4 million, or 18 cents per diluted share, for the second quarter ended June 30, 2011, compared to $33.8 million, or 17 cents per diluted share, for the first quarter of 2011.
Fulton Financial Corporation operates as a multi-bank holding company that offers retail and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia.
Cleantech Transit, Inc. (CLNO.OB)
Using biomass power replaces the need to burn coal to generate electricity. The use of biomass power reduces the need for oil to mine and deliver coal to far off power stations, thereby significantly reducing greenhouse gas emissions. Also, using wood waste as fuel is actually more beneficial to the environment than allowing it to decompose naturally, because of the elimination of methane during combustion.
CLNO previously announced 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 recently 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.
With rising fossil fuel prices and growing environmental concerns, biomass energy systems are revitalizing their positions in schools, factories, military bases, and community energy plants.
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.
For more information about Cleantech Transit, Inc. please visit http://www.cleantechtransitinc.com
First Financial Holdings Inc. (Nasdaq:FFCH) reported that the company reclassified approximately $155 million (book value) of certain nonperforming and performing loans to loans held for sale as of June 30, 2011. The company is pursuing potential loan sale alternatives that are expected to result in the disposition of these assets prior to the calendar year end.
First Financial Holdings, Inc. operates as the holding company for First Federal Savings and Loan Association of Charleston that provides financial services to individuals and businesses.
Commtouch Software Ltd. (Nasdaq:CTCH) announced that it will be releasing its Second Quarter 2011 results on Wednesday, August 3, 2011 before the US markets open. The Company will also be hosting a conference call to discuss the results that same day at 9 a.m. Eastern Time. On the call, management will review and discuss the results and will be available to answer investor questions.
Commtouch Software Ltd., together with its subsidiaries, develops and provides messaging, antivirus, and Web security solutions primarily to original equipment manufacturer partners and enterprises.
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