QR Energy, LP (NYSE:QRE) announced that the Board of Directors of its general partner has approved a cash distribution attributable to the second quarter of 2011 of $0.4125 per unit for all outstanding units. This represents an annualized distribution of $1.65 per unit. The distribution will be payable on August 12, 2011 to unitholders of record at the close of business on August 8, 2011.

QR Energy, LP, through its subsidiary, QRE Operating, LLC, engages in the acquisition, production, and development of onshore crude oil and natural gas properties in the United States.

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Cleantech Transit, Inc. (CLNO)
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.


Besides being an alternate renewable energy source over fossil fuels biomass energy has a number of other advantages as well. One of the most important is that it can be used to generate heat and electricity. It is also a readily available means of energy since it is produced by using natural and organic waste products like corn husks, wood chips, paper, manure, sewage and many other types of recyclable products.

Other than being a convenient energy source biomass production also helps in the management of solid waste. Burning up biomass resources instead of solid waste cuts down on carbon emissions. This helps in balancing carbon levels in the atmosphere. For example biomass briquettes, used in generating electricity, are a much cleaner source of energy than that produced by fossil fuels since they do not produce any harmful greenhouse gases.

Biomass energy is also cost effective as far as its circulation is concerned. Since biomass plants generate energy to the area that they are situated in which means that large pipelines are not needed for its distribution.

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 that can maximize shareholder value. 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).

For more information please visit official website of CLNO: www.cleantechtransit.com

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Gulfmark Offshore, Inc. (NYSE:GLF) reported net income of $13.3 million, or $0.51 per diluted share, on revenues of $96.9 million for the quarter ended June 30, 2011. Consolidated revenue for the second quarter of 2011 was $96.9 million, an increase of 19%, or $15.6 million, from the first quarter. Consolidated operating income was $20.4 million, up $16.1 million from the first quarter amount of $4.3 million. The higher sequential quarterly operating income was principally driven by higher revenue. Direct operating expenses were up on a sequential quarterly basis; however, these increases were largely offset by sequentially lower drydock expense. Revenue for the Americas region was $37.4 million, an increase of 23%, or $7.0 million, from the first quarter. The increase in revenue was attributable to a gain of 13 percentage points in utilization, to 84% for the quarter, although the average day rate in the region was flat in comparison.

GulfMark Offshore, Inc. provides offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas.

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Terex Corp. (NYSE:TEX) announced income from continuing operations for the second quarter of 2011 of $0.9 million, or $0.01 per share, compared to a loss from continuing operations of $13.1 million, or $0.12 per share, in the second quarter of 2010. The second quarter results were favorably impacted by an after-tax gain of approximately $26 million, or $0.22 per share, on the sale of approximately 1.4 million shares of Bucyrus International, Inc. common stock, and were negatively impacted by restructuring and related after-tax charges of approximately $33 million, or $0.29 per share, relating to the Cranes segment, where the Company continues its cost reduction and manufacturing footprint rationalization. There were also after-tax charges related to the pending acquisition of Demag Cranes AG of approximately $3 million. Adjusting for these items, income from continuing operations would have been approximately $11 million, or $0.10 per share. Net sales from continuing operations were $1,488.2 million in the second quarter of 2011, an increase of 37.8% from $1,079.9 million in the second quarter of 2010. Adjusting for the translation effect of foreign currency exchange rate changes, net sales increased approximately 30% from the comparable prior year period.

Terex Corporation manufactures machinery products, equipments, and related replacement parts and components for the construction, infrastructure, quarrying, shipping, transportation, power, and energy industries.

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TranS1, Inc. (Nasdaq:TSON) announced that it plans to release second quarter 2011 financial and operating results after market close on Tuesday, August 9, 2011. Ken Reali, President and Chief Executive Officer of TranS1 and Joe Slattery, Chief Financial Officer, will host a conference call starting at 4:30 pm ET on the same day. To listen to the conference call on your telephone, please dial (877) 881-2183 for domestic callers and (970) 315-0453 for international callers approximately ten minutes prior to the start time. The call will be concurrently webcast. To access the live audio broadcast or archived recording, use the following link at http://ir.trans1.com/events.cfm.

TranS1 is a medical device company focused on designing, developing and marketing products that implement its proprietary approach to treat degenerative conditions of the spine affecting the lower lumbar region.

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