Morningstar Inc. (Nasdaq:MORN) announced its second-quarter 2011 financial results. The company reported consolidated revenue of $161.0 million in the second quarter of 2011, an increase of 18.3% from $136.1 million in the second quarter of 2010. Consolidated operating income was $38.6 million in the second quarter of 2011, an increase of 39.5% compared with $27.7 million in the same period a year ago. Net income was $26.5 million, or 52 cents per diluted share, compared with $18.0 million, or 36 cents per diluted share, in the second quarter of 2010.

Morningstar, Inc. provides independent investment research to individual investors, financial advisors, and institutional clients worldwide.

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Cleantech Transit, Inc. (CLNO)

Biomass can be used to make energy-rich gas called biogas. Biogas is quite like natural gas that we use in the kitchen. There is another form of fuel that biomass can be transformed into. Corn and wheat can be transformed into ethanol that is similar to gasoline. Other than this, biodiesel and methanol are other liquid forms of biomass energy.

The source of biomass energy is mainly found in rural areas. Biomass energy production is a labor intensive activity and hence, can be a good source of employment for rural population. One of the important sources of biomass energy is forests.

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 technology used by Phoenix Energy to turn your waste from industry agriculture and forestry into power has many environmental benefits. At Phoenix Energy they are deeply committed to their customers both in reducing their costs of operation and in helping them be good corporate citizens, having a positive impact on the environment. By installing their wood waste gasification systems their customers help to:
o Reduce greenhouse gas emissions.
o Reduce the amount of toxic pollutants in the atmosphere.
o Save landfill space from taking up more of their landscape and Reduce groundwater
Contaminants.
o Improve energy security and reduce dependence on foreign sources of energy.

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

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CSX Corp (NYSE:CSX) announced second quarter net earnings of $506 million, or $0.46 per share, versus $414 million, or $0.36 per share, in the same period last year. This represents a 28 percent year-over-year improvement in earnings per share. "As our markets continue to expand, CSX is delivering outstanding results for shareholders," said Michael J. Ward, chairman, president and chief executive officer. "At the same time, we are taking a number of actions to position the operations for greater customer demand, now and over the long-term." Revenue in the quarter improved 13 percent from the prior year to $3.0 billion, with increases across all major markets - merchandise, intermodal and coal. Overall revenues were driven by volume growth, pricing that reflects the value of freight rail transportation, and recoveries that offset higher fuel prices.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services.

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VSE Corp. (Nasdaq:VSEC) reported the following unaudited consolidated financial results for its second quarter ended June 30, 2011. Revenues were $159 million for the second quarter of 2011 compared to $212 million in the second quarter of 2010. For the first six months, revenues were $310 million in 2011 compared to $441 million in 2010. Operating income was $7.3 million for the second quarter of 2011 compared to $10 million in the second quarter of 2010. For the first six months, operating income was $14.2 million in 2011 compared to $18.6 million in 2010. Net income was $4.2 million for the second quarter of 2011, or $.80 per share, compared to $6.1 million, or $1.18 per share for the second quarter of 2010.

VSE Corporation focuses on providing sustainment services for the legacy systems and equipment of the U.S. Department of Defense (DoD); and professional services to the DoD and federal civilian agencies in the United States.

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CTC Media, Inc. (Nasdaq:CTCM) announced the establishment of a new united content production company Story First Production, under which the Costafilm and Soho Media platforms will subsequently be merged into a single subsidiary. Vasily Balashov has been appointed General Director of the newly established company and he has also joined CTC Media's Executive Management Committee as Chief Production Officer.

CTC Media, Inc. operates television networks that provide entertainment programming in the Russian Federation and North America.

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