subject: Nwtt, Sunpower And China Mediaexpress Stock Update From - Pennytobuck.com [print this page] NW Tech Capital Inc.s (PinkSheet:NWTT) interim management seeks a consulting firm to facilitate merger opportunities for the company. Amongst other things the company announced a sale of the controlling interested to a European based consortium and change in NWTT management (effective June 11, 2010).
With the management change, the EU based NW Tech Capital Inc., will start to seek viable merger candidates to imbue the holding company with value. To assist with this process, NWTT is currently in discussions with a Toronto Canada based investor relations (IR) company Mina Mar Marketing Group (www.minamargroup.net) and a mergers and acquisitions (MA) firm Mina Mar Group (www.minamargroup.com) for the purpose of IR work and consulting the interim management and NWTT to accommodate these merger opportunities.
Immediate plans in NWTT turnaround plan include a new web site that will be updated on a timely basis, frequent communications with its shareholders and the commencement of filings to achieve transparency.
China MediaExpress Holdings, Inc. (NASDAQ:CCME) , Chinas largest television advertising operator on inter-city and airport express buses, announced that its Founder & CEO, Mr. Zheng Cheng and its CFO, Mr. Jacky Lam, will ring The NASDAQ Stock Market opening bell on Wednesday, August 18, 2010. In addition to being broadcast on national business television at 9:30 am ET, the bell-ringing ceremony will be webcast live on NASDAQs website and on the NASDAQ Tower at 4 Times Square.
Interested parties should go to http://www.nasdaq.com/about/marketsitetowervideo.asx at 9:20 am ET to view the MarketSite studio to view the ceremony. The ceremony is live, not archived, so it is important to watch in real time. Viewers must have Windows Media Player to view the web cam; it can be downloaded at the above-referenced link.
SunPower Corporation (Nasdaq:SPWRA) announced financial results for its 2010 second quarter which ended July 4, 2010.
"SunPower had a strong second quarter, as our Non-GAAP EPS of $0.15 exceeded our internal plan, and we remain on track to meet our 2010 financial and operating plans," said Tom Werner, SunPower's CEO. "Our growing pipeline of 2011 Utility and Power Plants (UPP) business bookings, as well as the continued momentum in our Residential and Commercial (R&C) business, adds to our confidence and visibility for 2011. Additionally, we are pleased with the significant progress we're making on our cost reduction roadmap and expect that our joint venture with AU Optronics (AUO) to accelerate this process."
During the second quarter, the company:
Announced a joint venture with AUO to operate the 1.4-gigawatt (GW) Fab 3 facility in Malaysia, which will begin solar cell production in the fourth quarter of this year
Recognized $28.3 million non-cash GAAP gain as a result of its equity investment in Woongjin Energy Co.
Announced a new world record 24.2 percent efficient cell
Completed debt financing and an agreement to sell its 20-megawatt (MW) Amherstburg, Ontario power plant to the Macquarie Power and Income Fund
Completed debt financing of Euro 44.5 million for its Montalto 8-MW power plant in Italy
Signed an additional 20-MW supply agreement with Casino Stores in France
Signed a construction agreement with Naturener for a 9-MW power plant project in Spain
Announced a 4.1-MW commercial system with Dow Jones & Company
Added more than 150 U.S. and European dealer partners in the second quarter
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