Sat
1/5/2013
2:09 PM
Granite Construction Incorporated (NYSE: GVA) GVA ("Granite") previously reported that it has signed a definitive agreement to acquire Kenny Construction Company (Kenny), a national contractor and construction manager specializing in the power, tunnel, water and civil markets, for $130 million. Founded in 1927, Kenny is a privately-owned, Northbrook, Illinois-based company with approximately 425 employees. Kenny offers a comprehensive range of services related to power transmission and distribution, construction management, tunnels, trenchless and underground utilities and heavy-civil infrastructure. Kennys revenues are projected to be $270 million for 2012 with approximately 50% of revenues associated with the power sector, 20% associated with tunneling-related work and 30% coming from water/underground and other heavy/civil related work. As of December 31, 2012, Kennys backlog is projected to be approximately $390 million. Under the terms of the definitive agreement, GVA ("Granit...
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1/4/2013
12:44 PM
EQ Labs, Inc. (EQLB) Crown Equity Holdings Inc. (CRWE) EQLB ("EQ Labs") recently reported its partnership with CRWE ("Crown Equity Holdings") and its new board of directors members. The new board of directors members are Kenneth Bosket, Lowell Holden, Montse Zaman, Maurice Owens, Takeesha Owens, Dr. Westbrook Kaplan M.D. and State Representative Darryl Rouson of Florida. We are delighted to welcome the new members to the board I am confident that they will be a valuable asset to EQ Labs, Inc. moving forward in the energy drink industry, as well as in other endeavors stated Maurice Owens, CEO of EQLB ("EQ Labs"). Mr. Maurice Owens in addition expressed his deep gratitude to the outgoing board members for their service and leadership during the past years. Both companies shall focus on restructuring EQ Labs, Inc. to add value to the company and its shareholders. Crown Equity Holdings Inc. (CRWE), Together with its digital network of Websites, offers advertising branding and marketing...
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1/3/2013
12:40 PM
BG Medicine, Inc. (NASDAQ: BGMD) BGMD (BG Medicine) reported that the first automated version of the BGM Galectin-3 blood test has obtained a CE Mark, an important step in the companys commercial strategy. The BGM Galectin-3 test will be distributed through bioMerieuxs VIDAS immunoassay platform which includes about 27,000 installed instruments worldwide. bioMerieux is one of four diagnostic instrument manufacturers partnering with BG Medicine to commercialize automated versions of the BGM Galectin-3 test, and the first to obtain a CE Mark. bioMerieux is preparing a phased launch of the test in Europe and in certain other territories that recognize the CE Mark. BG Medicine, Inc. (NASDAQ: BGMD) is a diagnostics company focused on the development and commercialization of novel cardiovascular tests to address significant unmet medical needs, improve patient outcomes and reduce healthcare costs. The Company has two products: the BGM Galectin-3(R) test for use in patients with chronic h...
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1/3/2013
12:21 PM
Las Vegas, NV 1/3/13 (CRWENewswire) EQ Labs, Inc. (EQLB) is pleased to announce its partnership with Crown Equity Holdings Inc. (CRWE) and its new board of directors members. Kenneth Bosket, Lowell Holden, Montse Zaman, Maurice Owens, Takeesha Owens, Dr. Westbrook Kaplan M.D. and State Representative Darryl Rouson of Florida. We are delighted to welcome the new members to the board I am confident that they will be a valuable asset to EQ Labs, Inc. moving forward in the energy drink industry, as well as in other endeavors stated Maurice Owens, CEO of EQ Labs, Inc. Mr. Owens also expressed his deep gratitude to the outgoing board members for their service and leadership during the past years. Both companies shall focus on restructuring EQ Labs, Inc. to add value to the company and its shareholders. About EQ Labs, Inc. EQ Labs, Inc. manufactures and markets energy drink products in the United States and Latin America. The company offers EQ Smart Energy Drink, in an effervescent tabl...
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1/2/2013
11:54 AM
Imation Corp. (NYSE: IMN) IMN ("Imation") reached an important milestone in its strategic transformation. IMN ("Imation") has acquired privately held Nexsan Corporation, a Thousand Oaks, Calif.-based provider of disk-based storage systems. As the Company continues to execute its strategy, Imation is leveraging its deep data storage core, building a platform for long-term growth and improving operating margins in high-growth data storage and security solutions markets. The acquisition of Nexsan brings to Imation a proven technology platform and a robust portfolio of disk-based and hybrid disk-and-solid-state storage systems with more than 11,000 existing customers worldwide. It is expected to significantly accelerate Imations growth in the small and medium-sized business (SMB) and distributed enterprise (SME) storage markets. Imation will provide the Nexsan business with global scale and a well-known storage brand for global expansion. With SMBs and SMEs struggling to address their rap...
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12/30/2012
1:21 PM
RLJ Lodging Trust (NYSE: RLJ) RLJ ("RLJ Lodging Trust") previously reported that it has opened its Hotel Indigo New Orleans Garden District (the Hotel). With the opening of this hotel, RLJ ("RLJ Lodging Trust") has completed its seventh and final brand conversion that was planned as part of its comprehensive 2011 and 2012 capital program. The Hotel operated as an independent hotel until it was closed in 2008. RLJ ("RLJ Lodging Trust") purchased the distressed hotel in 2010 for $6.4 million. After an extensive $16.9 million renovation, the property reopened as a 132-room Hotel Indigo. The all-in price of $23.3 million, or approximately $177,000 per key, represents a significant discount to replacement cost. New Orleans continues to show strong recovery from the effects of Hurricane Katrina. The market area has experienced growth in both population and tourism in recent years. Out of the top 25 U.S. hotel markets that Smith Travel Research tracks, New Orleans revenue per available room...
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12/29/2012
3:42 PM
Equity LifeStyle Properties, Inc. (NYSE: ELS) ELS (Equity LifeStyle Properties) previously acquired two properties, Victoria Palms Resort and Alamo Palms, in the Rio Grande Valley, Texas. The two properties contain approximately 1,765 sites on approximately 175 acres for a stated purchase price of $25.0 million (the Acquisition). ELS (Equity LifeStyle Properties) funded the purchase price with available cash. Victoria Palms is an age restricted 1,122 site property with 270 manufactured home sites and 853 RV sites. Alamo Palms is an age restricted 643 site property with 293 manufactured home sites and 350 RV sites. The Acquisition will compliment ELS (Equity LifeStyle Properties) South Texas portfolio of eight properties and 5,100 sites and further strengthen its presence in the market. Equity LifeStyle Properties, Inc. (ELS)(NYSE: ELS) is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. It...
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12/28/2012
11:18 AM
Kennedy-Wilson Holdings, Inc. (NYSE: KW) KW ("Kennedy-Wilson") recently reported that KW ("Kennedy-Wilson") and its partners acquired three office buildings in the Los Angeles area for a total of $78.5 million. KW ("Kennedy-Wilson") invested $6.5 million of equity in the transactions. These acquisitions bring the total purchases of real estate related assets by KW ("Kennedy-Wilson") and its partners to $8.0 billion since 2010, including $2.9 billion in 2012. Additionally, due to several significant year end payoffs, the UK loan pool representing $2.1 billion in unpaid principal balance (at a purchase price of 80%) acquired in 2011 by KW ("Kennedy-Wilson") and its partners has now been paid down to approximately $0.8 billion (at an average resolution value in excess of 95%). KW ("Kennedy-Wilson") owns a 12.5% interest in the loan pool as well as a potential promoted interest in the profits of the partnership. KW ("Kennedy-Wilson") latest acquisitions include Marina View in Marina del Re...
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12/27/2012
11:35 AM
Chevron Corporation (NYSE: CVX) CVX (Chevron) recently reported further drilling success by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, a premier hydrocarbon basin. The Pinhoe-1 exploration discovery well encountered approximately 197 feet (60 meters) of net gas pay in the Barrow and Mungaroo Sands. Pinhoe-1 is located in the WA-383-P permit area, located approximately 124 miles (200 kilometers) north of Exmouth off the Western Australia coast. The well was drilled in 3,048 feet (929 meters) of water to a total depth of 13,396 feet (4,083 meters). The Arnhem-1 exploration discovery well confirmed approximately 149 feet (45.5 meters) of net gas pay in the upper Mungaroo Sands. Arnhem-1 is in the WA-364-P permit area, located approximately 180 miles (290 kilometres) north of Exmouth off the Western Australia coast. The well was drilled in 3,963 feet (1,208 meters) of water to a total depth of 9,557 feet (2913 meters). CVX (Chevron) Australian subsidi...
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12/26/2012
2:17 PM
World Moto, Inc. (FARE) FARE (World Moto) recently reported that it has selected Thailand-based SVI Public Company Ltd as its manufacturing partner for production of the Moto-Meter (www.svi.co.th). This strategic decision allows FARE (World Moto) to scale its production rapidly to meet demand for the device. Changing the way the world goes around, World Moto is a global authority on the $500 billion dollar a year motorcycle taxi industry and inventor of the Moto-Meter, the world's first motorcycle taxi meter. The decision allows FARE (World Moto) to concentrate on sales and innovation while having the resources to grow its manufacturing as necessary to meet any required demand. SVI Public Company Ltd provides an end to end solutions approach to manufacturing and has extensive experience in automotive and industrial design. SVI Public Company Ltd's research and development division is capable of designing all required automated test procedures in order to guarantee the Moto-Meter ...
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