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Home > (AEC, OCN, SCG, CLNO, BORN) Stocks in Review by BestOtc.com

(AEC, OCN, SCG, CLNO, BORN) Stocks in Review by BestOtc.com

July 28th, 2011 at 10:54 am










Associated Estates Realty Corp (NYSE:AEC) reported financial results for the second quarter ended June 30, 2011. Funds from operations (FFO) for the second quarter ended June 30, 2011 was $0.27 per common share (basic and diluted) compared with $0.15 per common share (basic and diluted) for the second quarter ended June 30, 2010. FFO as adjusted for the second quarter of 2011 was $0.27 per common share (basic and diluted), compared to $0.21 per common share (basic and diluted) for the second quarter ended June 30, 2010, after adjusting for non-cash charges of approximately $1.7 million associated with the redemption of the Company's Series B preferred shares and trust preferred debt, or $0.06 per common share.

Associated Estates Realty Corporation operates as a self-administered and self-managed equity real estate investment trust in the United States.

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Ocwen Financial Corp. (NYSE:OCN) has initiated a loan modification program designed to help distressed homeowners who owe more than their houses are worth and, at the same time, mitigate the likelihood of "rewarding" borrower delinquency. Ocwen's Shared Appreciation Modification (SAM) program reduces delinquent customers' principal owed but also compels them to share some of the appreciation with the mortgage's owner (not the servicer) if the house increases in value by the time they sell or refinance it.

Ocwen Financial Corporation, through its subsidiaries, provides residential and commercial mortgage loan servicing, special servicing, and asset management services.

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SCANA Corp. (NYSE:SCG) will release its second quarter 2011 earnings on Thursday, August 4, 2011, before the market opens. SCANA's management will discuss those results in a conference call with analysts, details of which are as follows: Date and Time: Thursday, August 4, 2011, 2:00 p.m. Eastern Time, Call in Number: U.S./Canada 866-271-0675, International 617-213-8892, Event Code: 74879950, Speakers: Jimmy Addison - Senior Vice President & Chief Financial Officer, Kevin Marsh - President and Chief Operating Officer - SCANA Corporation.

SCANA Corporation and its subsidiaries engage in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina.

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Cleantech Transit Inc. (CLNO)

The harnessing of energy from biological mass (biomass) is a simple process. The waste wood and other sources are gathered in big trucks. The waste is then transported to a biomass plant. Here, the waste is fed into furnaces where it is burned. The heat created is used to boil water and the energy from the steam is used to rotate turbines and generators. The second method, through which energy is created, is called Landfill Gas. When garbage is burned or is allowed to decompose it gives off methane gas. Pipelines are put into the landfills (pits in which garbage is burned) and the methane gas is collected. It is then used to make energy in power plants.

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 that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy has to offer.

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 their website: www.cleantechtransitinc.com

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China New Borun Corporation (NYSE:BORN) announced that it plans to release second quarter financial results on August 10, 2011 before the market opens. Borun's management will hold an earnings conference call at 8:00 am ET on August 10, 2011 to discuss the results and highlights from the second quarter of 2011 and answer questions from investors. A webcast of the call will be available at http://ir.chinanewborun.com.

China New Borun Corporation produces and distributes corn-based edible alcohol in the People's Republic of China.









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