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Home > (NATL, TOFC, CLNO, FFEX, RMKR) Stocks in Review by PennyOTCStock.com

(NATL, TOFC, CLNO, FFEX, RMKR) Stocks in Review by PennyOTCStock.com

August 3rd, 2011 at 01:39 pm






National Interstate Corporation (Nasdaq:NATL) announced that the Company will release its 2011 second quarter results after the market closes on Wednesday, August 3, 2011. The earnings release will be available shortly thereafter on the Company's investor relations website at http://invest.natl.com. In conjunction with the earnings release, second quarter results will be discussed via conference call at 10:00 a.m. Eastern Daylight Saving Time on Thursday, August 4, 2011.

National Interstate Corporation founded in 1989, is the holding company for a specialty property-casualty insurance group which differentiates itself by offering products and services designed to meet the unique needs of niche markets.

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Tower Financial Corporation (Nasdaq:TOFC) reported record net income of $1.1 million or $0.22 per diluted share for the second quarter of 2011, compared with net income of $514,000, or $0.12 per diluted share, reported for the second quarter 2010. Year to date earnings through the first six months of 2011 were $1.9 million, or $0.39 per diluted share, compared to $1.2 million, or $0.30 per diluted share for the first six months of 2010. Record net interest income of $5.7 million. Net interest margin remained strong at 3.83 percent, the same as the first quarter of 2011. Capital ratios continue to increase and remain well above the regulatory standards necessary to be considered "well-capitalized." As of June 30, 2011, our leverage ratio was 10.8 percent and our Total Risk Based Capital ratio was 14.9 percent, compared to regulatory requirements of 5.0 percent and 10.0 percent, respectively.

Tower Financial Corporation operates as the holding company for Tower Bank & Trust that provides commercial and consumer banking services in the metropolitan areas of Fort Wayne, Allen County, and Warsaw, Indiana. It accepts various deposits, which include checking, savings, and money market accounts, as well as certificates of deposit and direct deposit services.

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Cleantech Transit, Inc. (CLNO)

Cleantech Transit, Inc. is in the business of producing and conserving power. Cleantech Transit produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit's goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy. Cleantech Transit, Inc. was founded in 2006 and is based in Scottsdale, Arizona.

Biomass energy, at the level of consumption, is virtually indistinguishable from other energy. The main difference is its source. Biomass refers to relatively recently living organic material such as wood, leaves, paper, food waste manure and other items usually considered garbage. Biomass fuel sources burn cleaner than fossil fuels; that are; they emit less carbon dioxide and other greenhouse gases and do not pose the environmental risk of nuclear energy. Unlike fossil fuels, the carbon emitted from the production of biomass energy does not significantly upset the atmospheric balance because it has not left the carbon cycle, a process which takes carbon dioxide from the air during photosynthesis and stores it in the living tissue of plant cells.

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 please visit official website of CLNO: www.cleantechtransit.com

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Frozen Food Express Industries Inc. (Nasdaq:FFEX) announced its financial and operating results for the quarter ended June 30, 2011. Highlights for the quarter include: Total operating revenue increased $6.4 million to $101.3 million in the second quarter of 2011 compared to $95.0 million in the same period of 2010. Total operating revenue, net of fuel surcharges, decreased slightly to $78.6 million, compared to $80.0 million during the second quarter of 2010. Net loss decreased to $3.3 million loss during the second quarter of 2011, compared to a $4.4 million loss in the same period of 2010. Net loss per share of diluted common stock was ($0.19) in the second quarter of 2011 compared to ($0.26) in the same period of 2010. For the second quarter ended June 30, 2011, total operating revenue increased $6.4 million to $101.3 million compared to $95.0 million in the same period of last year. Total operating revenue, net of fuel surcharges, decreased slightly to $78.6 million, compared to $80.0 million in the same period of 2010. The net loss for the second quarter ended June 30, 2011 was $3.3 million, or ($0.19) per diluted share, compared to $4.4 million, or ($0.26) per diluted share in the same quarter a year ago.

Frozen Food Express Industries, Inc., together with its subsidiaries, provides temperature-controlled truckload and less-than-truckload services in the United States.

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Rainmaker Systems Inc. (NASDAQ:RMKR), a leading global provider of B2B e-commerce solutions that drive online sales and renewal for products, subscriptions and training for its clients and their channel partners, will announced its second quarter 2011 financial results after the close of regular market trading on Thursday, August 11, 2011. A result will be transmitted to the news media immediately following the close of the market on August 11th. The Company will also hold a conference call to discuss the results at 1:30 p.m. Pacific Time (4:30 p.m. ET).

Rainmaker Systems, Inc. provides sales and marketing solutions, combining hosted application software, and execution services to enterprises operating in the computer hardware and software, telecommunications, and financial services industries.


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