Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) subsidiary, Let The Good Times Roll, Inc. is pleased to announce a joint venture with the Hard Rock Hotel and Casino.
This new incentivized agreement provides LTGTR riders with $25-$35 in gaming chips and a $5 food voucher when booked for the Hard Rock Casino. LTGTR, will experiment and plans to start running shuttles to the Hard Rock, charging $25-30 for round trip services. The deal is conditionally approved and subject to pending insurance verification. The company sees this as a simple administrative task, and to be resolved shortly.
Preliminary research shows strong support with the company running 14 casino runs a week, with each shuttle generating an average of $750 in revenue with 60-70% in gross profit.
“We are looking at creative ways to keep the buses on the road. As they are running not only are they generating revenue but they are advertising. If you are running a bus during the day for Hard Rock shuttles and then booking nightly runs at Gross Profit Margins of 70% you are doing very well.
We are very excited with the Vu365 merger which helps our plans with the college shuttle program and also will introduce the Vu365 to a new gaming audience. We had extremely favorable talks with Vu365 and believe they can help us extensively with our unique programming needs, and we can help them bring Vu365 gaming to an American audience. This is a win/win for LTGTR, Vu365 and the shareholders of EEGI,” Debra Davis President of LTGTR.
LTGTR, which provides the premier “party on wheels” experience, intends to increase revenue streams through adding standard shuttle routes and joint ventures with popular venues such as this one. LTGTR has begun by creating Luxury Shuttles designed to travel from regionally isolated areas to populated hotspots. This includes a division of “Safety Shuttles” geared towards college students, intended to give “of-age” students the ability to enjoy nightlife without the hassle of designated drivers, parking fees, etc. These shuttles will run along a scheduled route, delivering riders to pre-contracted venues which provide customer discounts and/or incentives. The Company is currently in talks to purchase competing businesses with synergy to the new business model of LTGTR.
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.
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.
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.
Pzena Investment Management, Inc (NYSE:PZN) one of the world�s largest lessors of intermodal freight containers, reported results for the third quarter ended September 30, 2010. Adjusted net income was $8.6 million for the third quarter of 2010, compared to $4.7 million in the third quarter of 2009, and $8.0 million for the second quarter of 2010. For the third quarter of 2010, adjusted net income per diluted common share was $0.52. Pro forma adjusted net income per diluted common share would have been $0.43, if the number of weighted-average shares would have been increased by 3,450,000 shares as a result of the IPO. The Company focuses on adjusted net income because it excludes the impact of non-cash interest expense and non-recurring items that are unrelated to the operating performance of the business.
Pzena Investment Management, Inc. is a publicly owned investment manager. The firm also provides investment advisory services to funds. It provides its services to individuals, typically high net worth individuals; investment companies; charitable organizations; corporations; state or municipal government entities; pension and profit sharing plans; and pooled investment vehicles.
Gushan Environmental Energy Limited (NYSE:GU) a leading producer of biodiesel in China, announced the results from its Annual General Meeting (AGM) held on November 18, 2010. At this year�s AGM, shareholders approved all of the resolutions proposed in the AGM notice, including the adoption of the 2009 annual report, the audited financial statements for the year ended December 31, 2009, and re-elections of directors Mr. Jianqiu Yuand Mr. Kang Nam Chu. The total number of members of the board of directors remains five. KPMG was reappointed as the Independent Auditor for the fiscal year 2010.
Gushan Environmental Energy Limited, through its subsidiaries, produces biodiesel and its by-products. Its biodiesel is used to produce chemical products, primarily produced from various feed stocks, such as vegetable oil, animal fat, and recycled cooking oil; to fuel a range of diesel engines in trucks, mass transit vehicles, marine vessels, and generators; and as fatty acid methyl ester in the chemical industry.
KBW Inc (NYSE:KBW) a full-service investment bank that specializes in the financial services sector, announced non-GAAP operating net income of $5.3 million, or $0.15 per diluted share, for the quarter ended September 30, 2010. This compares with non-GAAP operating net income of $13.4 million, or $0.37 per diluted share, for the corresponding quarter in 2009 and non-GAAP operating net income of $9.3 million, or $0.26 per diluted share, for the second quarter of 2010. Non-GAAP operating net income for the nine months ended September 30, 2010 was $27.7 million, or $0.76 per diluted share, compared with $23.8 million, or $0.66 per diluted share, in the same period of 2009.
KBW, Inc., through its subsidiaries, operates as an investment bank specializing in the financial services industry in the United States and Europe. It provides various investment banking services, including mergers and acquisitions and other strategic advisory services, equity and fixed income securities offerings, and mutual thrift conversions; and equity and fixed income sales and trading.
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