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.
SavWatt USA, Inc. (SAVW.PK), pioneers in LED lighting and the Green revolution, announced that in cooperation with the City of Baltimore, SavWatt will receive grant funds from the Maryland Energy Sector Grant. This million dollar grant will offer companies the ability to take LEED certification classes. LEED is an internationally recognized green building certified program. LEED certification important as many new construction and government projects are required to meet LEED standards. It is imperative for building owners, designers, construction firms and real estate developers to further develop their professional skills by obtaining LEED certification. SavWatt USA, Inc. has teamed up with the leaders in LEED training, Clean Edison, to offer this LEED AP certification at SavWatt’s Baltimore, MD headquarters.
SavWatt USA, Inc. is pleased to announce that it has become an approved member of Energy Star. Having the Energy Star label will enhance the SavWatt USA Inc. brand to the public. Energy Star is a government backed program that helps businesses and individuals protect the environment through superior energy efficiency. SavWatt USA, Inc. has also been registered with the DOE (Department of Energy) and its Lighting Facts Label. This latest accomplishment along with the launch of its factory for LED tubes in January 2011 has made SavWatt USA, Inc. THE leader and brand in 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.
Novatel Wireless Inc. (Nasdaq:NVTL) a leading provider of wireless broadband access solutions, announced the upcoming availability of the Ovation� MC547 USB modem on Bell Mobility�s Dual-Cell HSPA+ (DC HSPA+) network. In a separate release, Bell Mobility announced North America�s first commercial launch of a Dual-Cell HSPA+ network supporting data speeds of up to 42 Mbps. Continuing Novatel Wireless�s industry lead in enabling next-generation mobile experiences with solutions focused on ease-of-use, reliability, leading edge technology and an innovative sleek style, the Ovation MC547 modem is today the world�s most compact and light-weight DC-HSPA+ USB modem.
Novatel Wireless, Inc. provides wireless broadband access solutions for the mobile communications market worldwide. The company primarily offers third generation (3G) products.
China BAK Battery, Inc. (Nasdaq:CBAK) announced that on September 30, 2010, Mr. Jun Zou, the Company’s Chief Financial Officer (“CFO”) formally notified the Company of his decision to resign from such office for personal reasons. On November 29, 2010, the Board of Directors of the Company resolved to approve Mr. Zou’s resignation and appointed Mr. Marcus Cui as the Company’s interim CFO. Mr. Zou’s resignation and Mr. Cui’s appointment will be effective as of December 10, 2010.
Until a replacement is named, all accounting and finance functions will report directly to the Company’s interim CFO, Mr. Cui, who is also the Company’s director of investor relations since September 2010. The Company has immediately begun a search for a suitable replacement for Mr. Zou.
China BAK Battery, Inc. engages in the manufacture, commercialization, and distribution of various standard and customized lithium ion rechargeable batteries.
BIDZ.com, Inc (Nasdaq:BIDZ) a leading online retailer of jewelry, announced results for the third quarter ended September 30, 2010. Net revenues for the third quarter of 2010 were $21.8 million, compared with $24.8 million reported in the third quarter of 2009. During the quarter, the Company reported B2B sales of $1.1 million, compared with $917 thousand in the prior year period. The Company�s business continues to be impacted by the ongoing weakened economy, as well as by an overall slowdown in consumer demand for jewelry. The percentage of the Company�s domestic and international sales for the third quarter 2010 represented 56.7% and 43.3%, respectively, compared with 62.2% and 37.8%, respectively, in 2009.
Bidz.com, Inc. operates as an online retailer of jewelry in the United States and internationally. It operates a Web Site, bidz.com, for the purpose of selling merchandise, utilizing an online sales auction platform.
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