Hersha Hospitality Trust (NYSE:HT) announced that its Board of Trustees declared a cash dividend of $0.50 per Series A Preferred Share for the second quarter ending June 30, 2011. The preferred share dividend is payable July 15, 2011 to holders of record as of July 1, 2011. In addition, the Board of Trustees declared a cash dividend of $0.2389 per Series B Preferred Share for the second quarter ending June 30, 2011. The preferred share dividend is payable July 15, 2011 to holders of record as of July 1, 2011. This represents a quarterly dividend payout of $0.50 per share, adjusted on a pro-forma basis due to the timing of the closing of the Company’s public offering of the Series B shares on May 18, 2011.
Hersha Hospitality Trust, a real estate investment trust, engages in the ownership and operation of mid scale limited service hotels in the Eastern United States.
American Video Teleconferencing Corp. (AVOT)
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is normally known for its business and efforts of exploration in Rare Earth Elements. According to the Company, it aggressively continues to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
Every hybrid-electric and electric vehicle has a large battery which is made using several pounds of rare earth compounds. The use of electric vehicles is expected to increase rapidly, driven by energy independence, climate change and other concerns. This is a key growth area for rare earths. Rechargeable batteries used in mobile phone and portable computers require rare earths, which were the key to smaller more efficient battery technology. Rare earth magnets are widely used in wind turbines. Some large turbines require two short tones of rare earth magnets, which are very strong and make the turbines highly efficient. Rare earth magnets are used in turbines and generators in many alternative energy applications.
American Video Teleconferencing Corp. recently announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company’s exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines.
Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.
Cleantech Transit, Inc. (CLNO)
Cleantech Transit, Inc. is in the business of producing and conserving power. They produce and sell clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit, Inc goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
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 term “biomass” encompasses diverse fuels derived from timber, agriculture and food processing wastes or from fuel crops that are specifically grown or reserved for electricity generation. Biomass fuel can also include sewage sludge and animal manure. Some biomass fuels are derived from trees. Given the capacity of trees to regenerate, these fuels are considered renewable. Burning crop residues, sewage or manure - all wastes that are continually generated by society — to generate electricity may offer environmental benefits in the form of preserving precious landfill space OR may be grown and harvested in ways that cause environmental harm.
At present, most biomass power plants burn lumber, agricultural or construction/demolition wood wastes. Direct Combustion power plants burn the biomass fuel directly in boilers that supply steam for the same kind of steam-electric generators used to burn fossil fuels. With biomass gasification, biomass is converted into a gas - methane - that can then fuel steam generators, combustion turbines, combined cycle technologies or fuel cells. The primary benefit of biomass gasification, compared to direct combustion, is that extracted gasses can be used in a variety of power plant configurations.
Cleantech Transit Inc. is pleased to provide additional details after achieving success on the 500 KW facility and successfully moving past the interconnection testing stage.
Coming on the recent success at the 500KW facility in Merced, California this poises Phoenix Energy to become a leading developer of renewable biomass distributed generation plants that utilize local resources for local energy.
Currently there are two additional projects being pre-certified by Phoenix Energy in California. The projects are each projected to be 1 MW biomass gasification facilities that will provide both electricity and process heat energy. Each facility will provide enough electricity to power approximately 800 homes as well as process heat to be used in drying agricultural products. The projects are expected to complete by the end of 2012.
Cleantech will be providing details on the expecting closing date of its initial investment into Phoenix Energy in the coming weeks.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
FelCor Lodging Trust Inc. (NYSE:FCH) will present at NAREIT’s REITWeek Investor Forum in New York on Wednesday, June 8, 2011 at 10:15 am (Eastern Time). Richard A. Smith, President and Chief Executive Officer, will speak at the conference. FelCor will also participate on the Hotel REIT panel at the Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference in New York on Tuesday, June 7, 2011 at 2:45 pm (Eastern Time). Andrew J. Welch, Executive Vice President and Chief Financial Officer, will speak at the conference.
FelCor Lodging Trust Incorporated operates as a lodging real estate investment trust (REIT) primarily in the United States.
China Digital TV Holding Co., Ltd. (NYSE:STV) announced the results of the Company’s annual general meeting of shareholders held in Beijingon May 23, 2011. At the meeting, shareholders approved the re-election of Mr. Jianhua Zhu and Dr. Zengxiang Lu, each to serve on the board of directors for a further three-year term. “I am very proud and happy to be re-elected to the Board, and I am also very pleased that Dr. Lu will continue to serve on the Board as well,” said Mr. Jianhua Zhu, China Digital TV’s Chief Executive Officer. “As the founders of China Digital TV, we look forward to contributing to the Company’s growth and prosperity and to helping the Company achieve even greater success in the future.”
China Digital TV Holding Co., Ltd., through its subsidiaries, provides conditional access (CA) systems to digital television markets in the People’s Republic of China.
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