Environmental Services
Ecosave Holdings Ltd Issues FY 2013 Guidance
Ecosave Holdings Ltd announced that for fiscal 2013, it expects to report net profit after tax from operations in the range of $1.6-$2 million and revenues in the range of $11-$12 million versus a forecast of $17.8 million.
Cypark Resources Berhad Announces Private Placement
Cypark Resources Berhad announced the proposed private placement of up to 16,972,800 new ordinary shares of MYR0.50 each in CRB, representing up to 10% of the issued and paid-up share capital of CRB at an issue price to be determined and announced later On behalf of the Board of Directors of Cypark Resources Berhad, Public Investment Bank Berhad wishes to announced that the Company proposes to undertake a private placement of up to 16,972,800 Placement Shares, representing up to 10% of the issued and paid-up share capital of CRB to investors at an issue price to be determined and announced later. The exact amount of gross proceeds to be raised from the Proposed Private Placement is dependent on the actual issue price and the actual number of the Placement Shares to be allotted and issued to the placees. At the indicative issue price of MYR2.00 per Placement Share, the Proposed Private Placement is expected to raise an estimated gross proceed of up to MYR33.95 million which is proposed to be utilised for Working capital requirements and for Estimated expenses.
GSE Holding Inc Announces Appointment Of Interim President And CEO
GSE Holding Inc announced that Mark Arnold, its President and Chief Executive Officer (CEO) will be leaving the Company. The Company's Board of Directors has appointed Charles A. Sorrentino, a current member of the Board, as interim President and Chief Executive Officer effective immediately.
Lassila & Tikanoja Oyj Announces Consideration of Charges Relating to Lassila & Tikanoja’s Overtime Investigation Complete
Lassila & Tikanoja Oyj announced that the District Prosecutor for Helsinki has today decided to press charges against 21 former and current management staff at Lassila & Tikanoja, including Mr. Pekka Ojanpaa, President and CEO since November 1, 2011. They will be accused of crimes related to occupational health and safety, and working hours, legislation. In the summer of 2012, monitoring by the Regional State Administrative Agency for South Finland revealed that in a few of Lassila & Tikanoja plc’s units in the Helsinki region the legal limits of overtime work had been exceeded. The police investigation and the consideration of charges were aimed at the overtime work of 25 of L&T's property maintenance employees. These alleged acts are suspected to have occurred between 2009 and 2012. In addition, the prosecutor has demanded that the Company pay a corporate fine of minimum EUR 100,000.
Ecosave Holdings Ltd Acquires DVLA Inc For AUD4.5 million
Ecosave Holdings Ltd announced it has entered into a Sale and Purchase Agreement (Agreement) to acquire 100% of DVL Automation Inc (DVLA), a US based provider of Building Management Systems (BMS) and associated energy efficiency solutions. Total consideration to be paid for DVLA is AUD4.5 million. The acquisition will be funded through ECV’s existing cash reserves, the issue of ECV shares and vendor finance.
Adama Technologies Corp Announces Management Change
Adama Technologies Corp reported in its Form 8-K that by letter dated June 24 2013, Asher Zwebner resigned as a Director and Officer of Registrant, effective immediately. Mr. Zwebner expressed no reasons for his resignation and did not express any disagreement with Registrant on any matter relating to Registrant’s operations, policies or practices as part of his resignation. At a Special Meeting of the Board of Directors held on June 19, 2013, Michael Gelmon of Calgary, Alberta, Canada, was appointed as an additional Director and was elected as Chairman and Chief Executive Officer (CEO).
Ridgeline Energy Services Inc Executes Intent To Sell Canadian Environment And GreenFill Businesses Operations; Announces Name Change
Ridgeline Energy Services Inc announced the execution of a Letter of Intent (LOI) to sell both of Canadian Environmental Services and Greenfill business divisions to Ridgeline Canada, Inc. of Calgary. The LOI includes both operating divisions based in Canada. The divisions known as Ridgeline Environment. and Ridgeline GreenFill will be operated as private companies. The Ridgeline trade names are also a part of the sale. Ridgeline Canada, Inc. will also become the exclusive representative for waste water treatment and fuel refining in Canada. The Company expects a definitive agreement on the Sale to be executed by June 28, 2013 along with a substantial down payment to be made to the Company at that time. The Ridgeline name will transfer with the Sale of the divisions. The Company had a name change approved at last Annual General Meeting and will become RDX Technologies Corporation in about two weeks.
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Sector Summary
| Energy |  +0.07% |
| Basic Materials |  -0.23% |
| Industrials | -0.10% |
| Cyclical Goods & Services | +0.22% |
| Non-Cyclical Goods & Services | -0.27% |
| Financials | -0.09% |
| Healthcare | -0.45% |
| Technology | +0.06% |
| Telecoms | -0.31% |
| Utilities | -0.46% |
| DOW | 15,016.66 | +41.70 |
+0.28% |
| S&P 500 | 1,620.75 | +5.79 |
+0.36% |
| NASDAQ | 3,447.04 | +12.55 |
+0.37% |
| TR US Index | 146.77 | +0.12 |
+0.09% |
Analyst Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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