AK Steel Holding Corporation (NYSE:AKS) said that it has entered into a new $1 billion, five-year revolving credit facility with a group of lenders. Bank of America Merrill Lynch acted as the lead arranger. J.P. Morgan Securities LLC and Wells Fargo Capital Finance, LLC acted as joint co-arrangers. The new credit facility is secured by most of the company’s product inventory and accounts receivable. It replaces the company’s existing $850 million credit facility, which was set to expire in February 2012 and was secured by the same classes of assets as the new credit facility. The new credit facility will provide the company with enhanced liquidity and greater financial and strategic flexibility. It will be used for general corporate purposes.
AK Steel Holding Corporation, through its subsidiaries, produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. It manufactures flat-rolled carbon steels, including coated, cold-rolled, and hot-rolled products; and specialty stainless and electrical steels that are sold in hot band, sheet, and strip forms.
GreenHouse Holdings, Inc. (GRHU)
Solar panels are devices that convert light into electricity. They are called “solar” panels because most of the time, the most powerful source of light available is the Sun, called Sol by astronomers. Some scientists call them photovoltaics which mean, basically, “light-electricity.”
GreenHouse offers Solar PV systems with state of the art Micro-Inverters that maximize the harvest of available sunlight, can now triple the R.O.I. as compared to traditional single inverter systems.
GreenHouse Holdings, Inc. is a leading provider of energy efficiency and sustainable facilities solutions. The company designs, engineers and installs disparate products and technologies that enable its clients to reduce their energy costs and carbon footprint.
A solar panel is a collection of solar cells. Lots of small solar cells spread over a large area can work together to provide enough power to be useful. The more light that hits a cell, the more electricity it produces, so spacecraft are usually designed with solar panels that can always be pointed at the Sun even as the rest of the body of the spacecraft moves around, much as a tank turret can be aimed independently of where the tank is going.
Target markets for GreenHouse’s energy efficiency solutions include residential, commercial and industrial, as well as government and military markets. In addition, the company develops designs and constructs rapidly deployable, sustainable facilities primarily for use in disaster relief and security in austere regions.
GreenHouse Holdings, Inc. (GRHU) recently announced that it has been awarded a $151 million contract for the design, development and construction of the Carlstrom National Security Training Center (”Carlstrom”) in Central Florida. The contract was awarded to GreenHouse’s wholly-owned subsidiary, Life Protection, Inc., by the Pinnacle Performance Group, the executive director for the development team. The design and pre-construction phase of the project will commence immediately.
The U.S. Marine Corps, U.S. Navy SEALs, U.S. Army, Federal Air Marshall Service, U.S. Coast Guard, Border Patrol, Tactical Forces (SWAT and Anti-Terrorism), Customs Enforcement, FEMA, and First Responders (Fire, Police, EMS) will use the Carlstrom facility. Carlstrom will be equipped with a military style urban training facility, tactical driving course, obstacle-training course, shooting range, advanced computers and technology laboratories. The facility will be designed to provide both simulated training scenarios and classroom-based learning. The facility will take approximately three years to complete and once operational will create over 250 jobs.
For more information about GreenHouse Holdings, Inc. Visit its website: www.greenhouseintl.com
Orofino Gold Corp. (ORFG)
Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
Gold is mainly used for jewelry production in form of alloy together with silver, copper, zinc, palladium and nickel. Pure gold itself is too soft; therefore, jewelry made of pure gold would not be of practical use. Thanks to admixtures of palladium and nickel one gets result of very popular white gold jewelry. Content of gold included in jewelry product as well as their fineness is expressed in carats.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Gold is often used in microelectronics and computer industry thanks to its great properties of electrical conductivity and inertness against environmental impacts. The main reason of use is most of all to ensure long term and smooth conductivity of important joints in computers (microprocessor contacts points and data collector). For these reasons, contact points and joints are being electronically covered with thin film of gold.
Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Most gold used in dentistry is in the form of alloys, which are mixtures of gold and other metals, such as platinum, palladium, silver, copper and zinc. Gold is non-toxic and biologically inert, which makes gold ideal for use in dental procedures. It is easy for the dentist to manipulate, but strong, stiff, durable and tough it never wears or tarnishes. It is also very resistant to chemical attack and does not corrode.
Orofino Gold Corp. recently announced results from random chip samples within their Culo Alzado mining area, on the north margin of Senderos de Oro, in Colombia that indicate high grades. A newly recognized gold and silver zone has been discovered in this mining area and the current exploration program will be escalated as recommended by the company’s Qualified Person.
For more information about Orofino Gold Corp. visit its website www.orofinogoldcorp.com
Occidental Petroleum Corporation (NYSE:OXY) announced core income of $1.6 billion ($1.96 per diluted share) for the first quarter of 2011, compared with $1.1 billion ($1.35 per diluted share) for the first quarter of 2010. Net income for the first quarter of 2011 was $1.5 billion ($1.90 per diluted share), compared with $1.1 billion ($1.31 per diluted share) for the first quarter of 2010. In announcing the results, Dr. Ray R. Irani, Chairman and Chief Executive Officer, said, “The first quarter of 2011 core income of $1.6 billion was 45-percent higher than the first quarter of 2010. Our oil and gas production for the first quarter of 2011 increased over 4 percent, as compared to the first quarter of 2010, to 730,000 BOE per day.”
Occidental Petroleum Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company primarily in the United States. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other.
Boise Inc. (NYSE:BZ), a leading paper and packaging company, and the Box Tops for Education� program announced a collaboration that helps consumers obtain much-needed funds for participating schools. “We are proud to provide the opportunity for people to raise money for their local schools through choosing Boise papers,” said Alexander Toeldte, President and CEO of Boise Inc. “We are committed to social and economic sustainability and participating in the Box Tops program is a great way to give back to the communities that buy our products.”
Boise Inc. manufactures packaging and paper products in North America. The company operates through two segments, Paper and Packaging.
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