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.
Revenues for the nine months ended September 30, 2010 were approximately $4,428,000 compared to approximately $3,486,000 for the nine months ended September 30, 2009, an increase of approximately $942,000 or 27%. 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.
SavWatt USA, Inc. (SAVW.PK), will attend the WEEC convention on December 8th and 9th, 2010. This annual Word Energy Engineering Congress convention will be held at the Washington DC convention center. This will be one of the most anticipated events of the year as SavWatt will unveil its highly anticipated Eco-Pole. The Eco-Pole will be on display at Booth #606. SavWatt’s Eco-Pole, a 60 watt LED light powered by a 100 watt micro-wind turbine and 120 watt solar panel, is expected to draw hundreds of people to the booth.
Michael Haug, SavWatt’s CEO, commented, “SavWatt will continue to add new features to its web site, the latest upgraded version has been given accolades for its user friendly features. Browsing through the updated site gives one the feeling that SavWatt is the BRAND for LED lights. For the novice to the expert in lighting the updated web site provides a thorough analysis on the features and benefits of SavWatt LED lights. SavWatt is proud to let public and private entities see what the costs and benefits of LED lighting products are, available from SavWatt. The time has come where there should be no mystery and secrets when it comes to LED lighting.”
SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. SavWatt is a market-leading innovator of LED lighting. SavWatt’s product families include LED fixtures, bulbs, Street Lights and Parking Lights.
Photronics Inc. (Nasdaq:PLAB) a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, will announce financial results for the fourth quarter of fiscal 2010 on Monday, December 6, 2010 at approximately 4:30 p.m. Eastern Time. Company management will host a public conference call on Tuesday, December 7, 2010 at 8:30 a.m. Eastern Time to discuss Photronics� quarterly results and business highlights. During the call, Company management will respond to questions concerning, but not limited to, the Company�s financial performance, business conditions and industry outlook. Some of these responses may contain information that has not been previously disclosed.
Photronics, Inc. engages in the manufacture and sale of photomasks primarily in the United States, Europe, and Asia. Photomasks are high precision photographic quartz plates containing microscopic images of electronic circuits, which are used in the manufacture of semiconductors and flat panel displays, as well as used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, and other types of electrical and optical components.
GSI Technology Inc. (Nasdaq:GSIT) announced that it has partnered with Pico Computing in utilizing these devices in the development of Pico�s latest-generation scalable FPGA computing platform, the M-503. �The support we received from GSI has been amazing,� said Kelley Dobelstein, Sr. Hardware Engineer. �We were a little worried since Xilinx�s Memory Interface Generator doesn�t specifically cite GSI 72Mbit type II+ devices,� added Jeremy Chritz, Sr. Firmware Engineer. �But with no changes to the firmware, the GS8662D20BGD worked the first time around
GSI Technology, Inc. designs, develops, and markets static random access memory (SRAM) products for the networking and telecommunications markets primarily in the United States, China, Malaysia, and Singapore.
Crosstex Energy Inc. (Nasdaq:XTXI) announced that Barry E. Davis, President and Chief Executive Officer, will present at Wells Fargo Securities 9th Annual Pipeline and MLP Symposium in New York at 10:35 a.m. Eastern Standard Time on Tuesday, December 7. Interested parties can listen to a live audio web cast of Crosstex�s presentation and download the related presentation material by visiting the company�s web site. Click on the Investors page and then Event Calendar for Crosstex Energy, L.P. or Crosstex Energy, Inc. A replay of the presentation will be archived on the web site shortly after the presentation is concluded and will be available for 30 days. Michael J. Garberding, Senior Vice President – Finance and Corporate Development, also will attend the conference and meet with investors.
Crosstex Energy, Inc., through its partnership interest in Crosstex Energy, L.P., engages in gathering, transmission, processing, and marketing natural gas and natural gas liquids (NGLs) in the United States.
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