Almost Family, Inc. (Nasdaq:AFAM), a leading regional provider of home health nursing services, announced its financial results for the three-months ended June 30, 2011.Almost Family reported second quarter results that included the impact of the Medicare reimbursement rate cut for 2011 which reduced consolidated and Visiting Nurse (VN) segment revenue and pre-tax operating income by $3.9 million. Net service revenues for the second quarter declined to $81.7 million, a 4% decrease from $85.1 million reported in the second quarter of 2010, primarily as a result of the aforementioned Medicare rate cut and by the provision of a $0.5 million revenue allowance for episodes started after April 1, 2011 that were directly impacted by the new face to face and therapy reassessment regulations, both of which were partially offset by volume growth.
Almost Family, Inc., founded in 1976, is a leading regional provider of home health nursing services, with branch locations in Florida, Kentucky, New Jersey, Connecticut, Ohio, Massachusetts, Missouri, Alabama, Illinois, Pennsylvania, and Indiana (in order of revenue significance).
Numerex Corp. (Nasdaq:NMRX) a leading single source provider of secure machine-to-machine (M2M) products and services announced a new partner program allowing hardware and original equipment manufacturers (OEMs) the ability to effectively reduce the prices of their smart devices, modules, and modems by embedding Numerex network technology through a credit-based program.
Numerex is a leading provider of machine-to-machine (M2M) business services, technology, and products used in the development and support of M2M solutions for the enterprise and government markets worldwide.
MercadoLibre, Inc. (Nasdaq:MELI) reported financial results for the second quarter ended June 30, 2011.MercadoLibre reported consolidated net revenues for the three months ended June 30, 2011 of $69.4 million, representing 32.1% year-over-year growth. Revenue growth continued to be negatively impacted by the pre-sale of credit card receivables beginning in the third quarter of 2010. Had the company carried out similar pre-sales of credit card receivables during 2010, revenue growth on a comparable basis would have been 42.9% during the second quarter of 2011 as compared to the prior year quarter.
Founded in 1999, MercadoLibre is Latin America’s leading e-commerce technology company. Through its primary platforms, MercadoLibre.com and MercadoPago.com, it provides solutions to individuals and companies buying, selling, advertising, and paying for goods online.
Cleantech Transit, Inc. (CLNO)
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 could benefit the Company’s manufacturing clients worldwide.
Biomass is a renewable energy resource derived from the carbonaceous waste of various human and natural activities. It is derived from numerous sources, including the by-products from the timber industry, agricultural crops, raw material from the forest, major parts of household waste and wood.
Biomass does not add carbon dioxide to the atmosphere as it absorbs the same amount of carbon in growing as it releases when consumed as a fuel. Its advantage is that it can be used to generate electricity with the same equipment or power plants that are now burning fossil fuels. Biomass is an important source of energy and the most important fuel worldwide after coal, oil and natural gas.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Hickory Tech Corp. (Nasdaq:HTCO) reported second quarter earnings results highlighted by increased revenue and an improved net debt position. Revenue for the quarter ending June 30, 2011, totaled $40.1 million, a 5 percent increase year-over-year, and net income totaled $2.7 million, or 20 cents per diluted share. Net income totaled $2.7 million in the second quarter, down 23 percent year over year partially due to the reversal of income tax expense in 2010 which increased net income.
HickoryTech Corporation is a leading communications provider serving business and residential customers in the upper Midwest.
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