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Home > (SI, CLNO, EBTX, SOMX, ESSA) Stock Report from DrStockPick.com

(SI, CLNO, EBTX, SOMX, ESSA) Stock Report from DrStockPick.com

July 30th, 2011 at 02:27 pm





Siemens AG (NYSE:SI) announced that it will reach its profit and growth targets for FY2011. "We continued to grow in the third quarter and are on track to reach our targets for fiscal 2011. New orders again rose sharply, driven by a large order at Mobility. We're vigorously tackling operating challenges. Our markets are still robust, although risks are tending to increase in the global economic environment," said Siemens AG CEO Peter Loescher. Orders in the third quarter climbed 25%, to approximately $32 billion on an adjusted base, and the order backlog reached a new high of approximately $134 billion. Revenue rose 8% on an adjusted basis, to approximately $25 billion, with increases in all regions. In the U.S., on an adjusted basis, sales were up 15% and orders grew 6% over the last quarter.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the industry, energy, and healthcare sectors worldwide.

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Cleantech Transit, Inc. (CLNO)

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.

Biomass is very advantageous because it comes out from a total natural process and source and is not harmful in any way. Many of us don't know what biomass actually is and how beneficial it is for human's survival. Today the pollution rate has increased to more than 100 times than the past decades, and this is greatly damaging our ozone layer and it is effecting global warming in return. We burn different types of products and chemicals to produce electricity, fuel, and many other day to day usage materials in our lives that are constantly damaging the ozone layer.

For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com

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Encore Bancshares, Inc. (Nasdaq:EBTX) announced that Jim D'Agostino, Chairman and Chief Executive Officer, Preston Moore, President, and Andy Creel, Chief Financial Officer, will be presenting at the Keefe, Bruyette & Woods 2011 Community Bank Investor Conference in New York, NY on August 3, 2011 at 2:00 p.m. Eastern Time. Interested individuals may access a live webcast of the presentation by visiting the Investor Relations section of the Company's website at http://www.encorebank.com. Listeners should access the site at least 15 minutes prior to the presentation start time to register and, if necessary, download and install the required software.

Encore Bancshares, Inc. operates as a holding company for the Encore Bank, which provides banking, investment management, financial planning, and insurance services to privately owned businesses, professional firms, investors, and individuals.

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Somaxon Pharmaceuticals, Inc. (Nasdaq:SOMX) announced that it will release its second quarter 2011 financial results on Tuesday, August 2, 2011 after the closing of the U.S. financial markets. The Company will also conduct a conference call that same afternoon at 4:30 p.m. ET (1:30 p.m. PT) to discuss results and highlights of the second quarter 2011. The conference call will be available to interested parties through a live audio Internet broadcast at http://investors.somaxon.com/eventdetail.cfm. The call will also be archived and accessible at this site for approximately two weeks. Alternatively, callers may participate in the conference call by dialing (877) 941-6010 (domestic) or (480) 629-9643 (international), conference call ID 4459273. A telephonic replay will be available for approximately two weeks following the conclusion of the call by dialing (800) 406-7325 (domestic) or (303) 590-3030 (international), and entering passcode 4459273.

Somaxon Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on the in-licensing, development, and commercialization of proprietary branded products and late-stage product candidates for the treatment medical conditions in the central nervous system therapeutic area.

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Essa Bancorp, Inc. (Nasdaq:ESSA) announced its operating results for the three and nine months ended June 30, 2011. The Company reported net income of $1.2 million, or $0.11 per diluted share, for the three months ended June 30, 2011, compared to net income of $1.1 million, or $0.09 per diluted share, for the corresponding 2010 period. For the nine months ended June 30, 2011, the Company reported net income of $3.5 million, or $0.30 per diluted share compared to net income of $3.5 million, or $0.27 per diluted share for the corresponding 2010 period.

ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania.

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