Deluxe Systems Custom Structural Industrial Mezzanine

Deluxe Systems, Inc. is a manufacturer of industrial mezzanines in Tampa, Florida. We custom design structural mezzanines to meet additional plant floor space needs – from manufacturing, assembly, inventory/parts storage to additional office space (to name just a few). In these economic times it may be very difficult to justify/finance a building addition or a new building when additional space is needed. A custom mezzanine can be designed to... 

Homex Announces 2009 Revenue Guidance Above the Industry’s Expected Average Growth Rate

Desarrolladora Homex, S.A.B. de C.V. announced its guidance for 2009. The Company expects to perform favorably in the year ahead with revenue growth in the range of 8 to 10 percent and EBITDA(1) margin in the range of 23.0 percent to 24.0 percent bolstered by continuing demand for affordable entry-level homes and the favorable mortgage conditions to finance them under federal housing programs. During 2009, Homex expects challenging macroeconomic conditions... 

YRC Worldwide Announces Plans to Commence Tender Offer for Senior Notes

YRC Worldwide Inc. announced further plans to reduce debt and improve earnings by commencing a tender offer to purchase its 5% and 3.375% contingent convertible senior notes due 2023 and its 8.5% senior notes due 2010 for up to $100 million in cash. The company had previously drawn on its senior credit facility to fund the purchases. Based on the set offer prices and assuming sufficient participation, the company expects to purchase at least $230... 

Pasal Development: Consolidated Earnings After Taxes of EUR 2.6 mn for the 9M 2008

PASAL Development S.A. announces that consolidated earnings after taxes and minority interest for the 9M 2008 amounted to 2.6 mn euro compared to 6.0 mn euro in 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 3.5 mn euro compared to 10.1 mn euro in 2007, while consolidated earnings before taxes amounted to 1.3 mn euro compared to 8.6 mn euro the respective period of last year. The reduction is mainly due to... 

Berkshire Income Realty Announces FFO of $5,411,032 for Nine Month Period Ended September 30, 2008

Berkshire Income Realty, Inc.(“Berkshire” or the “Company”) reported its results for the periods ended September 30, 2008. Financial highlights for the three and nine-month periods include: The Company’s Funds from Operations (“FFO”), a non-GAAP financial measure, for the three and nine months ended September 30, 2008 were $2,071,466 and $5,411,032, respectively, as compared to $2,259,707 and $4,235,769, respectively,... 

SoCal Fires Strike Those Who Often Reject Insurance

Mobile home owners and renters often choose to go without property insurance, potentially exposing them to catastrophic losses such as those suffered in Southern California’s weekend firestorms. Nearly 500 manufactured homes and more than 80 apartments were destroyed in the fires. While it’s unclear how many were uninsured, about 82,000 – or 25 percent — of the state’s mobile homes don’t carry insurance, according to a Sacramento Bee... 

Technology and Environmental Leaders Unite to Call for National Strategy on Economy, Energy and Environment

Technology and environmental leaders announced a new initiative to develop a national strategy for information and communications technologies (ICT) to improve the energy efficiency of the economy. The Digital Energy Solutions Campaign is made up of leading technology companies and organizations as well as environmental and energy conservation groups working on energy efficiency initiatives. The Campaign will work with the incoming Obama Administration... 

MAXXAM Reports Results for Third Quarter 2008 and First Nine Months of 2008

MAXXAM Inc. reported a net loss of $65.4 million, or $14.34 per share loss, for the third quarter of 2008, compared to a net loss of $10.5 million, or $2.00 per share loss for the same period a year ago. The Company’s results for the three and nine months ended September 30, 2008 were negatively impacted by a $52.3 million provision for federal income taxes, or $11.47 and $11.02 per share loss, respectively, reflecting the write-off of deferred... 

Transcontinental Realty Investors, Inc. Reports Third Quarter 2008 Results

Transcontinental Realty Investors, Inc. a Dallas-based real estate investment company, reported net income for the three months ended September 30, 2008. TCI reported a net loss applicable to common shares of ($6.9 million) or ($0.85) per diluted share for the three months ended September 30, 2008, as compared to a net loss applicable to common shares of ($4.7 million) or ($0.58) per diluted share for the same period ended 2007. In addition, the Company... 

Kingspan Group PLC Announces the Acquisition of MeTecno USA

Kingspan, the leading manufacturer of a range of sustainable products for the construction industry, is pleased to announce it has completed the acquisition of 100% of MeTecno, Inc. a holding company for the MeTecno businesses in the USA, from MeTecno BV, a subsidiary of the MeTecno Group, a global manufacturer of composite sandwich panels. The agreement is unconditional. MeTecno, operating under the ASI, API, and Benchmark brands, is the second largest...