GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California-based integrated energy solutions provider and developer of eco-friendly infrastructure, announced the results of operations for the third quarter of Fiscal Year 2010 and is providing a shareholder update.
2010 Operational Highlights:
Acquired Life Protection Inc., (LPI) a subsidiary that provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.
Signed multiple contract awards for its Life Protection (LPI) Governmental Services Division, totaling $6 million.
o The governmental contracting entities include the U.S. Marine Corps School of Dynamic Entry in Quantico, VA and the U.S. Army Schofield Barracks Range Support in Honolulu, HI.
Announced that PepsiCo will partner with GreenHouse to utilize Southern California Edison’s Automated Demand Response program at its Buena Park bottling plant.
Signed 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.
o Experts in multiple technologies and applications, CEI’s client base includes recognizable brands from a wide range of industries including pharmaceutical, food, and beverage, utility, military and consumer goods.
Shareholder’s equity increased to $2.9 million from a deficit of approximately $2 million as of 12/31/09.
The Company is completing the necessary steps to Up-List its shares to a senior U.S. stock exchange.
o In order to facilitate the transition, GreenHouse established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors.
Financial Results for the Three Month Period Ended September 30, 2010:
Revenues for the three months ended September 30, 2010 were approximately $1,724,000 compared to approximately $1,671,000 for the three months ended September 30, 2009, an increase of approximately $53,000 or 3%. This increase was due to increased sales of our energy efficient products and services to residential customers as a result of our expansion of our sales and marketing infrastructure.
Gross profit percentage decreased from 43% for the three months ended September 30, 2009 to 37% for the three months ended September 30, 2010 due to normal fluctuations in the sales mix of products and services.
During the three months ended September 30, 2010, the Company received signed contracts totaling approximately $2,312,000, its highest quarterly amount through September 30, 2010, resulting in a backlog of $1,501,000 as of September 30, 2010.
Recently, Emissary Capital Group LLC Reaffirmed $7 price objective on GRHU.
To read the complete report, click here: http://pennyomega.com/img/GRHU_update_101810%20%282%29.pdf
Emissary Capital Group, LLC. is a New York City-based company that provides strategic consulting and research services to public emerging growth companies.
The firm also provides a diversified array of services to small and medium sized private companies, generally defined as those with annual revenues under $200 million, in order to assist them to become publicly traded companies in the U.S.
Orofino Gold Corp. (ORFG.PK) is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.
Orofino Gold was founded as a private company in 2009 by former executives and management with over 50 years of combined mining exploration, finance and development experience.
Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
The company is pleased to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp.
Mr. Pernett will be responsible for all affairs of the Company in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The company and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, the company’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. The Company wishes him well and success in future endeavors.
Jones Lang Lasalle Inc. (NYSE:JLL) announced that it has formed an alliance with the Property Tax division within Thomson Reuters� Tax & Accounting business to provide tax mitigation services to corporate real estate clients. Jones Lang LaSalle�s Real Estate Tax Mitigation offering provides a comprehensive review, recommendations and appeal process to manage a corporation�s real estate tax budget which usually comprises four to six percent of a company�s overall real estate budget.
Jones Lang LaSalle Incorporated, through its subsidiaries, provides integrated real estate and investment management services to owner, occupier, and investor clients worldwide. Its real estate services include agency leasing, space acquisition and disposition, property management, facilities management/outsourcing, project and development management, valuations, consulting, capital markets, real estate investment banking and merchant banking, brokerage of properties, corporate finance, hotel advisory, energy and sustainability services, value recovery and receivership, and investment management services.
Agrium Inc. (NYSE:AGU) announced that AWB shareholders have endorsed the Scheme of Arrangement in relation to the proposed acquisition by Agrium of AWB, pursuant to the implementation agreement announced on August 19, 2010. AWB shareholders voted in favour of Agrium�s acquisition of all issued and outstanding shares in AWB, with 97.8 percent of shares and 80 percent in number of shareholders supporting the transaction. The threshold requirements were 75 percent of shares and 50 percent shareholders voting and represented at the meeting. AWB shareholders also met recently to vote on the constitutional amendment to remove the 10 percent limit on the amount of issued share capital in AWB that can be owned by any one shareholder. Shareholders supported the amendment resolution with 97.7 percent approval. At least 75 percent of the total number of votes cast was required to pass the resolution.
Agrium Inc., together with its subsidiaries, produces and markets agricultural nutrients, industrial products, and specialty products worldwide, as well as involves in the retail supply of agricultural products and services in North and South Americas. The company’s Retail segment markets crop nutrient products, including nitrogen, phosphate, potash, sulphur, and micronutrients; crop protection products, such as herbicides, fungicides, adjuvants, and insecticides; and seeds. This segment also offers agronomic services, as well as product application, soil and leaf tissue testing and analysis, and crop scouting services.
Valmont Industries, Inc. (NYSE:VMI) reports that Robert B. Daugherty, the man who pioneered center pivot irrigation and founded Valmont Industries in Omaha, Nebraska, passed away, after a short illness. Daugherty retired in 2004 from Valmont�s Board of Directors after serving for 57 years. �We�ve lost much more than our founder,� said Valmont�s Chairman and CEO Mogens C. Bay. �We�ve lost a great leader, mentor, innovator and friend. His vision laid the groundwork for a global industry. He literally changed the surface of the earth.�
Valmont Industries, Inc. produces fabricated metal products; pole and tower structures; and mechanized irrigation systems in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation.
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