Kaman Corporation (NASDAQ:KAMN) reported that its subsidiary Kaman Aerospace Group, Inc. has completed the previously announced acquisition of Global Aerosystems, LLC (Global) of Everett, Washington. The transaction closed earlier today, and Global is now part of Kaman’s Aerospace Segment. Terms were not disclosed. Global, a provider of aerostructure engineering design analysis and FAA certification services to the aerospace industry is expected to have sales in 2010 of approximately $20 million. Customers include Boeing and Kawasaki Heavy Industries along with Mitsubishi Aircraft Corporation, Mitsubishi Heavy Industries, Bombardier, Aviation Partners Boeing and the Department of Defense.
Kaman Corporation operates in the industrial distribution and aerospace markets. The companys Industrial Distribution segment distributes products, including bearings, mechanical and electrical power transmission, fluid power, motion control, and materials handling components.
American Video Teleconferencing Corp. (AVOT.PK) previously reported that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. The company believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings.
AVOT is pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
The 17 elements that are classified as "rare earth" are becoming an increasingly important part of our daily lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology. Contrary to the name, rare earth metals aren't particularly rare and can be found in most any continent. In recent weeks the US government has made important steps to increase production of these metals, as they will play an important part in President Obama's overhaul of U.S. energy.
The company will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Capitol Federal Financial (NASDAQ:CFFN) reported that Capitol Federal Financial, Inc., has completed the resolicitation and community offering phase of its stock offering. On a preliminary basis, approximately 38.5 million shares were subscribed for in the resolicitation and community offering. This total includes 4.7 million shares subscribed for by Capitol Federal Financial, Inc.'s Employee Stock Ownership Plan, or 4% of the total number of shares being offered at the minimum of the offering range. In the event that the Company completes the offering above the minimum of the offering range, the ESOP's subscription will be increased to 4% of the total number of shares actually sold. The remaining shares are being offered to the public in a syndicated offering. Sandler O'Neill & Partners, L.P. is acting as sole book-running manager and Keefe, Bruyette & Woods, Inc., Morgan Keegan & Company, Inc., RBC Capital Markets Corporation, Sterne, Agee & Leach, Inc. and Stifel, Nicolaus & Company, Inc. are acting as co-managers for the syndicated offering.
Capitol Federal Financial operates as the holding company for Capitol Federal Savings Bank, which provides various banking services in Kansas. The company offers a range of deposit products, such as savings accounts, money market accounts, interest bearing and non-interest bearing checking accounts, and certificates of deposit.
SavWatt USA, Inc. (SAVW.PK) patent pending, wind/solar powered, Eco-Pole enables placement of a street light/parking lot light pole anywhere without the need for traditional electric power and installation. SavWatt's Eco-Pole LED 60 Watt Street Light replaces a traditional 250 Watt Metal Halide light and will save 100% of the energy costs, maintenance and reduce environmental pollution.
Additionally, SAVW was approached by several companies interested in purchasing SavWatt's Carbon Credit. Stemming from the Kyoto protocol, Carbon Credits are modified by selling to companies that produce excess carbon in the environment. The company sees this as an opportunity to increase its gains with the sales of its Carbon Credits, and continue to grow. The company will continue these opportunities through further and thorough discussions with the interested parties.
SavWatt USA, Inc. is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. SavWatt is a market-leading innovator of LED lighting. SavWatt’s product families include LED fixtures, bulbs, Street Lights and Parking Lights.
For more information about this company please visit http://savwatt.com/
Scholastic Corporation (NASDAQ:SCHL) reported that it will re-launch K.A. Applegate's bestselling "Animorphs" series in May 2011Since the first Animorphs book was published in June 1996, the brand has grown to include 54 books, two spin-off series and ten companion books -- totaling more than 35 million books in print worldwide. In addition, the Scholastic Media-produced television series was sold to 35 countries globally and aired on Nickelodeon in the United States. The Animorphs series empowers kids with the desire, skills and supernatural abilities to achieve such noble virtues as heroism, loyalty and respect for nature's creatures -- all while engulfed in an urgent quest to save the world from evil.
Scholastic Corporation, together with its subsidiaries, publishes and distributes childrens books, as well as the develops educational technology products in the United States and internationally. It creates educational and entertaining materials and products, including magazines, childrens reference and non-fiction materials.
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