EVCARCO, Inc. (OTC.BB:EVCA) would like to update you on some recent events and developments affecting the Company.
1. On August 25, 2010, for personal reasons, Mr. Dale Long resigned from the Board of Directors and his position of President/CEO. As part of the separation, the Company has retired 13,625,900 shares of common stock, or 17.62% of outstanding shares; and reduced current liabilities by approximately $70,000. Mr. Long will make every effort to continue the relationship and assist EVCARCO as an unaffiliated consultant.
2. EVCA board approved the creation of its Ambassador Sustainability Living Program aimed at creating significant links with Hollywood�s most eco-friendliest celebrities as well as major global influencers. The concept has been approved by the board and EVCARCO will proudly be announcing the first of the Hollywood celebrities to participate in the program soon. This initiative is poised to be a gain significant attention for EVCARCO�s green vehicles.
3. Along with the current program for putting environmentally friendly vehicles in governmental fleets, we are focusing more attention on building strategic alliances in order to develop technologies for military applications, to participate in contracts for Defense Vehicle Engineering Design, Development, Integration and Testing.
4. As part of continued expansion efforts, EVCARCO has initiated development of the following programs with the Governments of Columbia and Peru: Alternative Energy and fleet replacement, Federal Government support and Electric Vehicle Sales, Mass Transit Vehicle programs for large cities.
5. EVCARCO has approved a program to initiate market research in order to stimulate public market awareness regarding the corporation and its growth potential. The program will create stronger ties between the Company and the public markets by educating and providing key information to the investors.
6. EVCARCO is working to create additional networks of alternative energy vehicles. The enhancement of EVCARCO�s product line is anticipated to create stronger revenues in the fourth quarter of the current year.
SFN Group, Inc. (NYSE:SFN) announced newly that Roy Krause, president and CEO, has been named a 2010 recipient of the Ultimate CEO Award by the South Florida Business Journal.
“It is truly an honor to be recognized among other highly distinguished CEOs, but this award is shared by the entire SFN Group team,” said Krause. “It is their dedication to service excellence and passion for the work that they do that drives our success.”
The Broward Ultimate CEO Awards celebrates the careers and leadership of 10 Broward County CEOs who have set the standard in the corporate community, including civic leadership and charitable contributions.
Shaw (TSX:SJR.B) (NYSE:SJR) brings sports fans closer to the action with the launch of the much anticipated Sportsnet ONE, now available to Shaw Cable and Shaw Direct customers.
Effective September 15, the new 24-hour digital sports channel will offer sports enthusiasts more than 800 hours of live sports programming with the majority of it in high definition.
Shaw Cable will be the first to provide Sportsnet ONE coverage in Western Canada on Shaw Cable; and Shaw Direct is currently the only provider to offer the channel nationally. Sportsnet ONE gives hockey fans and customers in the Shaw community access to regular and pre-season games for the Edmonton Oilers, Calgary Flames, Ottawa Senators and Vancouver Canucks. In addition to hockey, Sportsnet ONE is the one-stop shop for sports fans to catch MLB, NBA and Barclays Premier League soccer games.
“As customer advocates, we’ve worked hard to make sure we can bring more NHL hockey to our customers across Canada,” said Peter Bissonnette, President, Shaw Communications Inc. “Personally, as a hockey fan, I couldn’t be happier to be able to offer this channel before pre-season starts next week.
TETRA Technologies, Inc. (TETRA or the Company) (NYSE:TTI) has announced second quarter 2010 results of $0.18 per share, compared to $0.12 per share reported in the second quarter of 2009. Second quarter 2010 results include a non-cash charge of $8.9 million of pretax income, or approximately $0.08 per share after tax, related to the impairment of certain of Maritech�s oil and gas properties compared to similar charges of $0.03 per share in the second quarter of 2009. All financial data in the text portion of this release are reported in U.S. dollars, and all per share amounts are fully diluted and before discontinued operations.
Consolidated revenues for the quarter ended June 30, 2010 were $241.6 million versus $217.9 million in the second quarter of 2009. Total gross profit was $47.8 million in the second quarter of 2010 versus $40.4 million in the second quarter of 2009. Income before discontinued operations was $13.6 million in the second quarter of 2010 versus $9.2 million in the comparable period of 2009. Net income was $13.6 million in 2010�s second quarter versus $9.2 million in 2009�s second quarter.
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