(CLNO, TSTC, SORL, APPA) Stock in Review by Stock-PR.com
Posted on
3/31/2011 5:43:04 PM
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Cleantech Transit Inc (CLNO) Biomass, a renewable energy source, is
biological material from living, or recently living organisms, such as wood,
waste, (hydrogen) gas, and alcohol fuels. Biomass is commonly plant matter grown
to generate electricity or produce heat. The most conventional way in which
biomass is used, however, still relies on direct incineration. Biomass also
includes plant or animal matter used for production of fibers or chemicals.
Biomass may also include biodegradable wastes that can be burnt as fuel. It
excludes such organic materials as fossil fuels, which have been transformed by
geological processes into substances such as coal or
petroleum.
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. Recognizing the many economic and
operational advances of converting wood waste into renewable sources of energy,
Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can
generate shareholder returns as well benefit the Company's manufacturing clients
worldwide.
Cleantech Transit Inc. Recently announced
that funding to be provided to Phoenix Energy for the commercialization of a 500
Kilowatt biomass gasification plant should be eligible to apply for a renewable
energy cash back incentive program offered by the U.S. Federal Government. Once
the final interconnect process and applications are complete the grant should be
received within 60 days. The 5-year grant vesting period, means all parties must
remain owner of record for that length of time, underscoring Cleantech and its
partners' commitment to this project and the host community. The U.S. Treasury's
cash grant program was created to provide funding, in lieu of tax credits, for
the development of clean energy projects and clean tech jobs nationwide. The
Merced facility has already employed several individuals, both for the
construction phase and subsequent plant operations once in service.As Company
announced, the full commercial operation of the first plant is expected to be
completed during the second quarter of 2011.
Please visit Cleantech
Transit, Inc. website www.cleantechtransitinc.com.
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Telestone
Technologies Corp. (Nasdaq:TSTC) issued 28-Mar-2011 by Telestone
Technologies Corporation over PR Newswire, we are advised by the company that in
the "Fourth Quarter 2010 Highlights" section, "WFDS™ contributed $12.8 million,
or approximately 21.1% of revenues" should read "WFDS™ contributed $19.6
million, or approximately 31.8% of revenues"; In "Full-Year 2010 Highlights",
"WFDS™ contributed $30.2 million, or 22.9% of total revenues" should read "WFDS™
contributed $36.7 million, or 27.8% of total revenues"; and the 2nd sentence of
the paragraph following "Financial Condition", should read "Days' sales
outstanding (DSOs) for the 12 months ended December 31, 2010 was 355 days,
slightly lower than 358 days in 12 months ended December 31, 2009" instead of
"Days' sales outstanding (DSOs) for the 12 months ended December 31, 2010 was
385 days, slightly higher than 378 days in 12 months ended December 31, 2009" as
originally issued inadvertently.
Telestone Technologies Corporation
provides access network solutions primarily in the People Republic of China. Its
access network solutions include the research and development, and application
of access network
technology.
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SORL
Auto Parts, Inc. (Nasdaq:SORL) announced financial results for the
fourth quarter and fiscal year ended December 31, 2010. On August 31, 2010, the
Company, through its subsidiary, acquired the automotive parts segments of Ruili
Group Co., Ltd. In accordance with United States Generally Accepted Accounting
Principles ("GAAP"), SORL's consolidated annual financial statements for 2010
and 2009 include the acquired segments of the Ruili Group's business as if the
acquisition had taken place on January 1, 2009.
SORL Auto Parts, Inc.,
through its principal operating subsidiary, Ruili Group Ruian Auto Parts Co.,
Ltd., engages in the development, manufacture, and distribution of automotive
air brake valves, air controlling systems, and other related components for
commercial
vehicles.
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AP
Pharma Inc. (Nasdaq:APPA) announced that beginning April 1, 2011 its
common stock will be transferred from The NASDAQ Stock Market (NASDAQ) to the
OTCQB, which is operated by OTC Markets, Inc. OTCQB is a market tier of OTC
Markets for U.S. companies registered with and reporting to the Securities and
Exchange Commission (SEC). The move from NASDAQ to OTCQB is due to A.P. Pharma's
non-compliance with the minimum $1.00 closing bid price rule and the $2.5
million minimum stockholders' equity requirement.
A.P. Pharma, Inc., a
specialty pharmaceutical company, engages in developing pharmaceutical products
using its proprietary Biochronomer polymer-based drug delivery
technology.
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a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising
fee which it must disclose under 17B. The fee may be in cash, in free trading
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for 12 months of advertisement services for Cleantech Transit, Inc.
(CLNO.OB).
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