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GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, recently announced the signing of a Letter of Intent to acquire Control Engineering, Inc (CEI). Headquartered in Costa Mesa, California and serving clients globally, CEI provides turnkey automation and control solutions including engineering, installation and integration services. Experts in multiple technologies and applications, CEI's client base includes recognizable brands from a wide range of industries including pharmaceutical, food, beverage, utility, military and consumer goods.
Key Strategic Benefits for GreenHouse:
* The acquisition is expected to significantly increase gross margins in GreenHouse's Energy Services Division via vertical integration of CEI's business. The acquisition is also expected to provide cross-selling opportunities of GreenHouse products and services to CEI's existing clients.
* The acquisition should immediately give GreenHouse access to the expert knowledge of CEI in commercial and industrial automation.
* The anticipated cost saving as a result of the acquisition will provide a competitive advantage to GreenHouse in the Automated Demand Response market.
Seamless Combination of Management Teams
CEI's team members are expected to stay in their current or similar roles and will work directly with GreenHouse executives to manage the integration and restructuring of CEI's operations with GreenHouse's. GreenHouse will provide its expectations of when the transaction is projected to close and provide specific revenue and earnings per share guidance in a future announcement.
GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world's most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, industrial and government markets around the globe. GreenHouse provides energy-efficiency products, energy management systems, eco-friendly infrastructure, scalable waste-to-fuel bio-fuel and closed loop systems, as well as other proprietary technologies and products that are utilized to provide a greener and safer future for millions of people.
For more information on GRHU, please visit: http://www.greenhouseintl.com/
The Board of Directors of UMB Financial Corp. (NASDAQ:UMBF), a financial services holding company, declared at its quarterly meeting yesterday an increase in its quarterly cash dividend of $0.01 per share to $0.195 per share, payable on December 30, 2010 to shareholders of record at the close of business on December 10, 2010.
This represents a 5.4 percent increase, and the tenth dividend increase since July 2003 with a total quarterly dividend increase of 95.0 percent.
NRG Energy, Inc. (NYSE:NRG), through its wholly owned subsidiary, NRG Solar, executed a letter of intent to partner with BrightSource Energy to construct, finance, own and operate the largest solar thermal project in the world, the 392-megawatt (MW) Ivanpah Solar Electric Generating System in southeastern California’s Mojave Desert.
NRG Solar plans to become the lead investor in Ivanpah, investing up to $300 million over the next three years.
League Now Holdings Corporation, LNWZ.OB
Skill Improvement Products Generate Their Own Motion
League Now Holdings Corp (LNWZ.OB)
In a reverse merger, Pure Motion, while a wholly owned subsidiary of League Now Holdings, takes control of League Now and changes management.
Pure Motion was incorporated in the State of Texas in June 2004.
Pure Motion was formed to develop and introduce skill improvement products and systems for recreational sports, particularly those that require a high degree of fine motor skill and mental acuity.
Based on management's extensive research in cybernetics and human motor functions, the Company has developed a proprietary reflector measurement technology, which it calls TOMI (The Optimal Motion Instructor). TOMI is a software-based device that records every motion and angle of an object in three-dimensional space and groups the collected data into a graphical feedback system. The results are then displayed in a series of high resolution, easy-to-understand graphs and charts.
The company has spent the last two years developing and customizing its patented reflector based technology to provide specific solutions to various gaming and military training entities. TOMI's application within the golf industry is one example of how the company has adapted its technology for specific use in the instructional sports industry, further applications in broad gaming and military training markets appear to be prevalent.
Pure Motion has the ability to expand, develop and specialize its technology for a wide-range of applications that have the potential to reach several near term vertical markets.
League Now Holdings Corporation is an application service provider offering Web-based services for online video game users. LNWZ offered a free service for registered users where players of sports genre video games can participate in peer organized leagues. It had offered leagues for four games, football, baseball, basketball, and hockey each identified by the market names Madden 2006, MLB 2006, NBA Live 2006, and NHL 2006 respectively. As of December 31, 2009, League Now Holdings Corporation had approximately 3,000 registered members.
Lazard Ltd (NYSE:LAZ) reported financial results for the third quarter and first nine months ended September 30, 2010.
Net income on a fully exchanged basis was $62.2 million, or $0.46 per share (diluted), for the third quarter of 2010, compared to a net income of $52.5 million, or $0.41 per share (diluted), for the third quarter of 2009.
Net income on a fully exchanged basis was $176.6 million, or $1.30 per share (diluted), for the first nine months of 2010, compared to $65.9 million, or $0.53 per share (diluted) for the first nine months of 2009, excluding in each period special charges in the first quarter of the applicable year
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