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Lucky Picks of The Day: (OTCBB:GRHU)- (OTCBB:CVDT)- (OTCBB:PCYG)
(M2 PressWIRE Via Acquire Media NewsEdge) Rochester NY, -- www.shamrockstocks.com names (OTCBB:GHRU) GreenHouse Holdings, Inc., (OTCBB:CVDT) China VoIP & Digital Telecom, Inc., and (OTCBB:PCYG) Park City Group, Inc. it's "Lucky Picks of the Day!
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About GreenHouse Holdings, Inc.
GreenHouse is a San Diego, California based developer of sustainable and eco-friendly energy solutions and infrastructure that can be rapidly deployed establishing the standard for delivering sustainable self-sufficiency to the world. The company delivers global energy solutions, also serving as a provider of non-corn based ethanol fuel. Its three primary business segments--GreenHouse Builders, GreenHouse Energy and GreenHouse Community--address broad markets from homeowners and the building industry to corporations, governments, and Third World countries. GreenHouse offers consumers effective home improvement products that improve the environment and benefit homeowners financially through lower energy bills and reduced maintenance expenses. For more information, please visit: www.greenhouseintl.com or the GreenHouse YouTube channel at http://www.youtube.com/greenhouseintl.
The GreenHouse Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7361
News Today:
SAN DIEGO, Jul 22, 2010 -- GreenHouse Holdings, Inc. (OTCBB:GRHU) ("GreenHouse"), a San Diego, California-based integrated energy solutions provider and developer of eco-friendly infrastructure, today announced the signing of a definitive acquisition agreement to purchase Life Protection, Inc. (LPI). LPI 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. The acquisition is expected to be accretive to the 2010 earnings and will provide GreenHouse with an estimated revenue contribution in excess of $2 million for 2010. GreenHouse will issue 1,118,750 new shares of common stock to acquire LPI.
LPI, and its subsidiary, LPI R.O.A.D. House, have generated approximately $4 million in unaudited, consolidated revenue in the first half of 2010. LPI is the sole provider to the U.S. Military of Dyneema(R) for use in construction projects. Dyneema(R) is a synthetic fiber-based polyethylene, which is 15 times stronger than steel and is incredibly versatile with virtually limitless applications for construction purposes. LPI has also built the government's first LEED (Leadership in Energy Efficiency and Design) Gold training facility and owns significant targeting technology for military training. LPI CEO Brigadier General Floyd H. Trogdon, USAF, (Ret.), COO Billy Jones and VP of Operations Edward Mueller will continue to lead LPI with General Trogdon joining the Board of Directors of GreenHouse.
"We are excited to have reached this agreement with LPI and believe this combination is beneficial to the shareholders of both companies," said John Galt, Executive Chairman of GreenHouse. "LPI is a unique business and a leading name within the military and defense arena and the acquisition represents a significant step in executing our strategy to expand our public sector operations," continued Galt. This transaction will allow us to unite our companies' resources to bring innovative, sustainable products to market for our customers. We welcome LPI's talented workforce to the GreenHouse team and look forward to building a successful enterprise together."
"We are thrilled to combine GreenHouse's sustainable infrastructure solutions with LPI's strong industry reputation and relationships to service the U.S. Government and Military markets," said Billy Jones, Chief Operating Officer of LPI. "The U.S. Government has placed a strong emphasis on implementing energy efficiency and sustainability solutions in their procurements over the last several years, and we see a tremendous opportunity in creating a company specifically branded as a sustainable solutions integrator. We believe that synergies of the combined company will capture large scale energy-efficient building contracts from the U. S. Department of Defense."
Key Strategic Benefits for GreenHouse:
-- The transaction is expected to be accretive to earnings over the next 12 month period ("NTM"), based on the current unaudited revenue run-rate of $6 million for 2010. LPI is generating approximate gross margins of 37 to 38 percent and pretax margins of 15 to 16 percent. EPS is expected to increase over the next 12 months due to LPI's strong profit margins.
-- The acquisition immediately establishes GreenHouse as a leading supplier of Rapidly Assembled Portable Structures, which the United States Marine Corps and United States Navy EOD (Explosive Ordinance Disposal) have selected for their shelter/unit training requirements.
-- The agreement is expected to yield significant cross selling/cross marketing opportunities for both GreenHouse and LPI. The addition of GreenHouse's water desalinization, sanitation, food production, renewable energy and fuel production products fit seamlessly into LPI's existing portfolio to sell to the United States Government, providing the military a one-stop shop for their training needs.
Seamless Combination of Management Teams LPI's senior executive management and corporate team are expected to stay in their current or similar roles and will work directly with GreenHouse executives to manage the integration and restructuring of LPI's operations with GreenHouse's. Upon closing of the transaction, Brigadier General Floyd H. Trogdon, USAF (Ret.) will retain a place on the Board of Directors of GreenHouse. GreenHouse will provide its expectations of when the transaction is projected to close and provide specific revenue and earnings per share guidance in a future announcement.
Closing Conditions
The transaction is subject to a number of customary regulatory and other closing conditions, including an audit of LPI. The transaction is not subject to approval by GreenHouse shareholders nor is it subject to any financing conditions.
Emissary Capital Group, LLC, is serving as GreenHouse's advisor on the transaction with Tarter Krinsky & Drogin LLP acting as GreenHouse's legal counsel.
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About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers virtualization technology application in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique Technologies, Co., Ltd. Through the two subsidiaries, China VoIP & Digital Telecom is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integral virtualization solutions and services in China and at this time is in the testing stages of other Information Technology products. More information can be found at http://www.chinavoip-telecom.com .
News Today:
JINAN, China, July 22, 2010 -- Jinan Yinquan Technology Co., Ltd., the wholly owned subsidiary of China VoIP & Digital Telecom Inc. (OTC Bulletin Board: CVDT), today announced that it has received its ISO/IEC27001:2005 Certification. This certification by the China Electronic Product Reliability and Environmental Research Institute, or CEPREI, ensures that Jinan Yinquan performs to stringent international standards for maintaining information security.
ISO/IEC 27001:2005 is applicable to commercial enterprises, government agencies and nonprofit organizations. The set of standards outlines the requirements for establishing, implementing, operating, monitoring, reviewing, maintaining and improving a documented information security management system within the context of the organization's overall business risks. It specifies requirements for the implementation of security controls customized to the requirements of individual organizations or parts thereof.
The CEPREI certification body is registrar authorized and accredited by a national department to conduct third-party certification. It is a part of the Inspection Division of China Electronic Product Reliability and Environmental Research Institute (the Fifth Electronic Institute). CEPREI was established in 1956 and is the first scientific research organization at the national level engaged in product quality and reliability research in China.
"Being ISO/IEC27001:2005 certified enhances our company's ability to deliver high quality products to our customers. It also improves our ability to efficiently prevent risks from information leakage on a daily basis," said Mr. Li Kunwu, President and CEO of China VoIP & Digital Telecom Inc. "Our approval by the CEPREI certification body is further evidence that our company has an ongoing commitment to quality security management. From start to finish, we provide service quality and safety with the ultimate benefit of keeping our customers' information secure."
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About Park City Group
Park City Group (OTCBB: PCYG) is a Software-as-a-Service ("SaaS") provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it. Our service increases our customers' sales and profitability while enabling lower inventory levels for both retailers and their suppliers.
Through a process known as Consumer Driven Sales Optimization(TM), Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provide store level visibility and set the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.
Park City Group is the only company to provide robust, collaborative supply chain, merchandising and store level solutions for both retailers and suppliers. Its solutions and services enable retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. These innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions.
For more information, go to www.parkcitygroup.com.
News Today
PARK CITY, Utah, Jul 22, 2010 -- Park City Group, Inc. (OTCBB: PCYG), a Software-as-a-Service provider of unique supply chain solutions for retailers and their suppliers, today announced that the Company has filed an application to list its common stock on the NASDAQ Capital Market.
"We believe that elevating the listing of our common stock to the NASDAQ Capital Market will be an important step forward in our mission of enhancing shareholder value and complements the record operational progress we are making. As the Park City Group investment story improves, the NASDAQ listing should enable us to increase the trading liquidity of our stock, broaden our shareholder base, and raise our profile in the investment community," said Randall K. Fields, Park City Group's Chairman and CEO.
On July 20, 2010, Park City Group announced that it expects to report significant increases in revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) for fiscal year 2010. Full year revenue is expected to be approximately $10.9 million, an increase of approximately 82% as compared with approximately $6.0 million in fiscal 2009. Full year adjusted EBITDA, projected to exceed the Company's previously announced goal by nearly 13%, is expected to be approximately $2.6 million, an increase of over 600% as compared with $357,000 pro-forma adjusted (for the Prescient acquisition) EBITDA for fiscal 2009.
The NASDAQ listing application is subject to review and approval by NASDAQ's Listing Qualifications Department to ensure compliance with all NASDAQ Capital Market Standards. Park City Group anticipates the NASDAQ review process to last approximately two months or longer before completion. While the Company intends to satisfy all of NASDAQ's requirements for initial listing, no assurance can be given that its application will be approved. The Company's common stock will continue to trade on the OTC Bulletin Board under its current symbol, PCYG, during the NASDAQ review process.
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