New book by Larry Connors Click here Improve your trading - See how
July 17, 2008 - Dubai's Al Yousuf Group has sent two key executives to electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) this summer to explore synergies across their portfolio of transportation companies in which the Al Yousuf Group has invested.
Mr. Ashraf Saeed, the Chief Operating Officer for the Al Yousuf Group, is spending approximately a month at ZAP to explore more ways that Al Yousuf can support ZAP's ambitions in alternative transportation. Mr. Saeed has been cultivating the relationship with ZAP since contact was first made with the Al Yousuf Group.
"ZAP is leading the way by delivering electric vehicles today to meet increased demand and we are excited to bring the experience of our other technology investments into ZAP," said Mr. Saeed.
Mr. Ibrahim Abdue Redha Al Asmawi, the Business Development officer for the Al Yousuf Group, will also be visiting ZAP.
The Al Yousuf Group has taken an investment interest in ZAP's products for distribution in The Middle East and in helping the development the Company. Mr. Eqbal Al Yousuf was recently appointed Chairman of ZAP's Board of Directors and attended his first board meeting as Chairman in June at ZAP's Santa Rosa headquarters. He also purchased a 50 percent stake in ZAP's Recharge-It-All battery line.
The Al Yousuf Group has invested in other environmentally oriented companies, including companies developing electric transportation technologies. In November, Al Yousuf invested in battery developer Altair Nano. In December, Al Yousuf invested in electric truck developer Phoenix Motorcars.
The Al Yousuf Group is one of the largest trading groups in The Middle East. Over the past 55 years, the Al Yousuf Group has grown into a leading business conglomerate in the Gulf Region with operations ranging from Motor Vehicles, Boat Manufacturing, Auto Rental, Real Estate Development, Home Electrical Appliances, Computer Operating Systems, Electronics, Transportation and more.
July 17, 2008 - Visitors to Alaska's Denali National Park and Preserve, one of the largest protected intact ecosystems in the world, will now have the opportunity to explore the park with the aid of an environmentally friendly vehicle -- a fuel-efficient and emissions-reducing hybrid bus. IC Bus, North America's largest school bus and commercial bus manufacturer, is delivering the Park's first hybrid bus on July 17.
Assigned for use as part of the park's shuttle service which extends 90 miles into the wilderness, the hybrid bus will transport visitors along a 45- mile route through August 30, during the Park's peak season, enhancing visitors' experience. A quieter engine will improve wildlife viewing as visitors see and hear nature in a way the other buses do not allow.
Doyon/ARAMARK currently has 110 buses in its Denali National Park and Preserve fleet which drive an average of 1.2 million miles per year. As more of the diesel-engine buses are replaced by hybrids, the reduced impact on the environment and fuel savings become that much greater.
The hybrid system, developed by Enova Systems, couples a diesel engine with an 80-kilowatt powertrain, incorporating a transmission, batteries and an electric motor. The system recovers kinetic energy during regenerative braking, charging the batteries while the bus is slowing down. This provides additional power for acceleration, making the hybrid buses ideal because of the frequent starting and stopping of the bus.
IC Bus, LLC of Warrenville, Ill., is a wholly owned subsidiary of Navistar International Corporation (NYSE: NAV).
July 17, 2008 - Monaco Coach Corporation (MNC) announced today that it will relocate all service and production operations in Wakarusa, Elkhart and Nappanee, Indiana and permanently cease operations at those locations. The shutdown is presently scheduled for approximately September 17, 2008.
Production of the majority of motorized units currently manufactured in these locations will be relocated to Monaco's Coburg, Oregon operations. Production of two of the models will be relocated to the Warsaw, Indiana manufacturing location. The towable production line will also be integrated into Monaco's Warsaw location.
The Class A market is in its fourth year of declining shipments. The Recreation Vehicle Industry Association reported 32,900 Class A shipments in 2007, down 29% from 46,300 shipments reported in 2004. As a result of record high fuel prices, declining consumer confidence and challenging consumer credit markets, Class A shipments have continued to weaken in 2008, down an additional 40% from 2007.
Approximately 1,400 hourly and salaried employees will be impacted by the move, or 33% of the Company's total workforce. Monaco Coach Corporation will still maintain a significant presence in the Northern Indiana area with approximately 700 employees at its Warsaw, Milford and Goshen operations.
July 17, 2008 - Lucas Energy, Inc. (AMEX:LEI), a U.S. based independent oil and gas company, today announced an update on Bonanza Oil and Gas, Inc.'s (OTC BB:BGOI.OB) Apclark Project, in which Lucas is a minority shareholder, located in Borden County, TX.
Bonanza Oil and Gas, Inc., an independent oil and gas company, reported that its Everett #7 well, the second in a series of 14 horizontal and 53 vertical wells planned for the Apclark project, reached final horizontal TD, and is currently being rigged up for completion. The work-over rig was moved from the Jackson #1 well on July 3rd, and is preparing for the fracture stimulus in the Jo Mill Spraberry Zone on July 17 and 18.
Market Wrap for July 17, 2008: Stocks had another strong finish Thursday as all three of the major indices finished more than 1% higher. The Dow Jones Industrial Average had the best performance, finishing near its high with a 1.9% gain.
Dow components JPMorgan Chase (JPM 40.80, +4.86) and United Technologies (UTX 64.70, -3.59) both reported better-than-expected earnings per share results. Coca-Cola (KO 50.34, -2.00) reported strong results, but its shares were shunned.
Shares of JPM jumped to their highest level in roughly one month as many investors returned to the financial sector. Financial stocks finished the session 6.5% higher, marking the second consecutive session it outperformed the other sectors and, again, helped the broader market extend yesterday's gains.
Positive economic data lent support to Thursday's advance. Housing starts for June increased 9.1% to an annualized rate of 1.066 million units, which is above the 960,000 consensus estimate.
Investors found further encouragement when jobless claims for the week ending July 12 indicated an increase of 18,000 to 366,000 since the total was below the consensus expectation for 380,000 claims. The level of initial claims continues to reflect a steady trend. Importantly, though, it also refutes the idea that there has been a material deterioration in the job market.
Falling crude prices helped the mood among investors, too. Crude shed roughly $5 to finish below $130 per barrel, its lowest level in more than one month. DJ30 +207.38 NASDAQ +27.45 SP500 +14.96 NASDAQ Adv/Vol/Dec 1929/2.61 bln/906 NYSE Adv/Vol/Dec 2360/1.96 bln/833
ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com.
Coming in late Summer of this year: Go Baby GO!!! The first book of its kind on the OTCBB and Pink Sheet Markets www.gobabygobook.com .
To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com
InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market InvestSource has received 5 million shares of Greenstone Holdings for services rendered. Please consult your broker before purchasing or selling any securities mentioned herein. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. InvestSource has agreed to be compensated $5,860 for services rendered.
CONTACT: InvestSource, Inc e-mail: info@investsourceinc.com WWW: http://www.investsourceinc.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
