Tower Group, Inc. (NASDAQ:TWGP) announced that it will participate in the William Blair & Company 31st Annual Growth Stock Conference in Chicago on Wednesday, June 15, 2011 at 4:00 p.m. Central Time. Representing Tower will be Michael H. Lee, President and Chief Executive Officer, and William E. Hitselberger, Executive Vice President and Chief Financial Officer. The presentation will be available via a live audio webcast which can be accessed at Tower's website, http://www.twrgrp.com/. The event will also be archived on Tower's website.
Tower Group, Inc., through its subsidiaries, provides a range of commercial, personal, and specialty property and casualty insurance products and services to businesses in various industries and to individuals in the United States.
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American Video Teleconferencing Corp. (AVOT)
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. American Video Teleconferencing Corp. is normally known for its business and efforts of exploration in Rare Earth Elements. According to the Company, it will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
American Video Teleconferencing Corp. announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to American Video Teleconferencing Corp. for advancing the company's exploration programs on its newly acquired rare earth property in Quebec.
Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp. (DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology has developed programs for the United Nations (UNDP).
The rare earth mineral, neodymium is used in the magnets for the electric generators found in wind turbines. It is also a soft, silvery metal that is found in monazite and bastnasite ores from which it is extracted. Wind farms produce clean energy using the power of the wind and have been gaining in popularity as an alternative to carbon producing forms of energy, such as electricity. Wind energy technology is important in bringing about a switch to affordable clean energy.
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Cleantech Transit Inc. (CLNO)
Biopower is the use of biomass to generate electricity. Types of biopower systems include direct-fired, gasification, anaerobic digestion, pyrolysis, and small, modular systems. Direct-fired systems consists of burning bioenergy feedstocks to produce steam, which is then captured by turbines that spin a generator, eventually creating electricity.
Cleantech Transit Inc. is pleased to provide additional details after achieving success on the 500 KW facility and successfully moving past the interconnection testing stage.
Coming on the recent success at the 500KW facility in Merced, California this poises Phoenix Energy to become a leading developer of renewable biomass distributed generation plants that utilize local resources for local energy.
Currently there are two additional projects being pre-certified by Phoenix Energy in California. The projects are each projected to be 1 MW biomass gasification facilities that will provide both electricity and process heat energy. Each facility will provide enough electricity to power approximately 800 homes as well as process heat to be used in drying agricultural products. The projects are expected to complete by the end of 2012.
Cleantech will be providing details on the expecting closing date of its initial investment into Phoenix Energy in the coming weeks.
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 has to offer.
For more details about Cleantech Transit Inc. visit their website: www.cleantechtransitinc.com
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Halozyme Therapeutics, Inc. (Nasdaq:HALO) and Intrexon Corporation, announced the signing of a worldwide exclusive licensing agreement for the use of rHuPH20 (recombinant human hyaluronidase) in the development of a subcutaneous (under the skin) injectable formulation of Intrexon Corporation's recombinant human alpha 1-antitrypsin (rHuA1AT).The terms of the agreement, Halozyme may receive up to $63 million, commencing with an upfront payment of $9 million and total potential future milestone payments of $54 million dependent upon the achievement of clinical and regulatory targets, plus up to 11% royalty on future sales of the combination of rHuA1AT with rHuPH20.
Halozyme Therapeutics, Inc., a biopharmaceutical company, engages in the development and commercialization of products targeting the extracellular matrix for the endocrinology, oncology, dermatology, and drug delivery markets.
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Gladstone Commercial Corporation (NASDAQ:GOOD) announced that it has priced its public offering of 1,200,000 shares of its common stock at a price to the public of $17.55 per share. The offering was increased in size from the originally contemplated 1,000,000 shares of common stock. The Company has also granted the underwriters a 30-day option to purchase up to 180,000 additional shares of common stock on the same terms and conditions to cover over-allotments, if any. Subject to customary conditions, the offering is expected to close on or about June 15, 2011.
Gladstone Commercial Corporation operates as a real estate investment trust (REIT) in the United States. It engages in investing in and owning net leased industrial and commercial real properties, and making long-term industrial and commercial mortgage loans.
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