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(RES, GRHU, CPN, CRWE, BAS) Market Update From PennyOmega.com

Posted, by pennylynnomega on January 17th, 2011

RPC Inc. (NYSE:RES) announced that it will release its financial results for the fourth quarter and year ended December 31, 2010 on Wednesday, January 26, 2011 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Wednesday, January 26, 2011 at 9:00 a.m. Eastern Time.

RPC, Inc., an oil and gas services company provides a range of oilfield services and equipment to the oil and gas companies primarily in the United States. It operates in two segments, Technical Services and Support Services.

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GreenHouse Holdings, Inc. (OTCQB:GRHU) a leading provider of energy efficiency solutions and sustainable infrastructure products, announced that it has been engaged to implement Southern California Edison’s (SCE) Automated Demand Response (Auto-DR) program for two industrial customers. The customers are Apogee Containers, Inc. and MGE UPS, LLC.

GreenHouse estimates that the projects will generate $400,000 in revenue for GreenHouse, based upon approximately 1,300 kW or 1.3 MW of electricity demand reduction and infrastructure improvements from the engagements. GreenHouse is a qualified service provider of SCE’s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies including complete processing of all utility documents.

The Auto-DR program offers significant financial incentives and technical support to Southern California Edison (SCE) customers willing to install equipment that enables participation in demand response events versus depending on their employees to perform all the curtailment activities manually when required. Normally, control systems (automation) are installed with the programming needed to achieve reductions in electricity consumption during peak periods of demand on the grid. “Participants in SCE’s Auto-DR program are in 100% control of the actual curtailment measures implemented on an event-to-event basis. By utilizing an Auto-DR system, participants will have real-time usage information and the technical means to reduce electric consumption during costly peak energy periods when the demand is highest. On-going financial benefits can be realized from program enrollment and DR event participation (benefits vary from program to program). Additionally, the systems commonly implemented for Auto-DR participation are fully capable of being used to improve productivity and equipment operating efficiencies as well as provide users with information that can augment routine and emergency operations and maintenance regimens,” adds Robert Davis, Vice President of Energy Services at GreenHouse.

GreenHouse Holdings, Inc. is a leading provider of energy efficiency solutions and sustainable infrastructure products. The company designs, engineers and installs disparate products and technologies that produce persistent technical and financial results, by enabling clients to monitor and control their energy costs in the most efficient manner possible. Its target markets for energy efficiency solutions include residential, commercial and industrial, as well as government and military markets. In addition, the company develops, designs and constructs rapidly deployable, sustainable infrastructure primarily for use in disaster relief and security in austere regions.

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Crown Equity Holdings, Inc. (OTCBB:CRWE) announced today that its subsidiary company, Crown Tele Services Inc. (http://www.crownteleservices.com) is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.

The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.

Commenting on the venture, Kenneth Bosket, president said, "We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice."

According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

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Basic Energy Services, Inc. (NYSE:BAS) reported selected operating data for the month of December 2010. During the month, Basic added six well servicing rigs from its acquisition of Platinum Pressure Services, Inc. and transferred three 1,000 horsepower carrier-mounted rigs from its contract drilling fleet, increasing its well servicing fleet to 412 as of December 31, 2010.

Basic Energy Services, Inc. provides a range of well site services to oil and gas drilling and producing companies in the United States. The company’s Well Servicing segment provides services in a mobile well servicing rig, including installation and removal of down hole equipment, elimination of obstructions in the well bore, and plugging and abandonment services.

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Calpine Corp. (NYSE:CPN) announced the closing of $1.2 billion in aggregate principal amount of its 7.875% Senior Secured Notes due 2023 in a private placement. The notes are guaranteed by each of Calpine Corporation’s current and future subsidiaries that is a guarantor under Calpine Corporation’s revolving credit facility. The notes and related guarantees are secured equally and ratably with the indebtedness incurred under Calpine Corporation’s revolving credit facility and other indebtedness that is permitted to be secured by such assets, by a first-priority lien on substantially all of Calpine Corporation’s and certain of the guarantors’ existing and future assets, subject to certain exceptions and permitted liens.

Calpine Corporation, an independent wholesale power generation company, engages in the ownership and operation of natural gas-fired and geothermal power plants in North America.

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Authored by, pennylynnomega
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