MEMC Electronic Materials Inc. (NYSE:WFR) announced financial results for the second quarter of 2011 that reflect year-over-year growth in revenue despite a sharp slowdown and weaker pricing in solar wafer markets and a modest softening of underlying semiconductor demand.GAAP revenue for the second quarter was $745.6 million, including $149.4 million resulting from the resolution of a long-term wafer supply agreement with Suntech Power Holdings Co., Ltd. which included an unfulfilled take-or-pay arrangement. GAAP gross margin in the 2011 second quarter was 24.3%, compared to 17.2% in the second quarter of 2010 and 15.5% in the 2011 first quarter. MEMC reported GAAP net income for the 2011 second quarter of $47.3 million, or $0.21 per share, compared to a net loss of $4.5 million, or $0.02 per share, in the 2011 first quarter and net income of $13.8 million, or $0.06 per share, in the 2010 second quarter.
MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide.
National Health Partners, Inc. (NHPR)
National Health Partners, Inc. (NHPR), a leading provider of unique discount healthcare membership programs, announced that it has entered into agreement with a major Hispanic marketing group for the sale of its CARExpress programs. The company also sees growth in new sales of memberships of more than 300% thru the remainder of the year.
Under the new agreement, this national Hispanic marketing group will be promoting the company’s CARExpress discount healthcare membership program to Hispanic communities located across the United States, with particular focus on cities and regions containing a large number of Hispanics. With the previously announced plans to increase monthly sales by 75% with its newest and most successful marketing partner, the company now expects sales of new members to grow more than 300% thru the remainder of the year.
Good health or Well-being is one of the heavenly gifts given to mankind, also one of the most important and precious thing we have and is a top priority for all of us. Not only does the individual who suffers from poor health and well-being have issues at work, it can also be damaging to their immediate family, and eventually to the community and society they live in. Poor health and well-being can lead to significant individual, economic, societal and organizational consequences due to absence from sickness.
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.
Please visit its website at www.nationalhealthpartners.com
Box Ships Inc. Common Shares (NYSE:TEU) announced its results for the period from its Initial Public Offering on April 14, 2011 (”IPO”) to June 30, 2011 (”second quarter of 2011″). Company’s Highlights: IPO on April 14, 2011.Issued 11,000,000 shares, raising $132.0 million in gross proceeds. The Company’s initial fleet of six containerships (”Initial Fleet”) delivered ahead of schedule, Fleet utilization of 100% for the second quarter of 2011, Dividend declaration of $0.15 per share for the second quarter of 2011 & Acquisition of MSC Emma, the Company’s seventh vessel, which was delivered on August 3, 2011.
Box Ships Inc. owns and operates containerships. As of July 12, 2011, it operated a fleet of 6 containerships with a total carrying capacity of 28,177 twenty-foot equivalent units. The company was founded in 2010 and is based in Athens, Greece.
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.
The increased global production of biofuels such as ethanol has become a subject of controversy, as land formerly dedicated to the growing of food crops is repurposed to meet energy needs. Each year, more crops such as sugar, palm oil, corn and cassava are diverted for these purposes.
Replacing fossil fuels with biofuels can generate a number of benefits. In contrast to fossil fuels, which are exhaustible resources, biofuels are produced from renewable feedstocks. Thus, their production and use could, in theory, be sustained indefinitely.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure 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.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
LHC Group, Inc. (Nasdaq:LHCG) announced that, effective August 15, 2011, Cathy S. Newhouse, RN, will join the Company as senior vice president of clinical program development and innovation. Ms. Newhouse, an accomplished registered nurse and healthcare executive with more than 25 years’ experience in home health management, will lead clinical program development and innovation initiatives, including oversight for clinical information analytics, care transition, telehealth, telemonitoring, education, training and clinical certifications, for LHC Group’s more than 300 locations in 19 states. She will also oversee clinical relations at each of LHC Group’s 123 hospital joint venture locations.
LHC Group, Inc., through its subsidiaries, provides post-acute healthcare services primarily to Medicare beneficiaries in rural markets in the United States.
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