American Lorain Corporation (AMEX:ALN) announced financial results for its second quarter ended June 30, 2011. Q2 2011 Financial Highlights: Total revenues of $35.7 million, an increase of 22.3% year over year, Gross margins decreased slightly to 21.4%, compared to 23.0% year-over-year and 22.7% at 12/31/2010, Net income attributable to common stockholders of $3.3 million, up 21.8% year-over-year & Diluted earnings per share of $0.09.
American Lorain Corporation develops, manufactures, and sells various food products in China and internationally.
Intellicheck Mobilisa, Inc. (AMEX:IDN) announced that ports in New York City have purchased the Company’s IM2700 mobile Transportation Worker Identity Credential (TWIC) reader system. The customer, a global energy management specialist, operates port facilities in and around Manhattan. In its efforts to increase port security without impacting port operations, the customer purchased Intellicheck Mobilisa’s handheld TWIC reader, which reads, validates and authenticates the government-mandated TWIC card.
Intellicheck Mobilisa, Inc. develops and markets wireless technology and identity systems for mobile and handheld wireless devices for the government, military, and commercial markets.
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.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirem! ent to s ecure 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.
Biomass is any recent plant or animal organic matter. Coal and oil fossil fuels are fossilised biomass. Biomass energy can be produced from plants, wood, residues (for example sawdust and bagasse, or sugar cane residue, after crushing) and animal wastes. During photosynthesis, solar energy and carbon dioxide are stored in plants. When biomass is burned carbon dioxide and energy are released, which is the reverse of photosynthesis.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Vringo, Inc. (AMEX:VRNG) announced it has launched its Facetones product with Nokia (NYSE:NOK) the world’s largest manufacturer of mobile phones. Vringo’s innovative new Facetones product will be available to Symbian users through the Ovi Store, the mobile app portal operated by Nokia.
Vringo, Inc., a development stage company, provides software platforms for mobile video applications and video ringtones.
