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Green Star Alternative Energy (PinkSheets: GSAE) $0.51. Announced last week that it will be attending COP15 – United Nations Climate Change Conference where representatives from over 150 countries will meet in Copenhagen, Denmark to replace the now expiring ‘Kyoto Climate Treaty’.
A consensus, backed by science, is emerging among the international community that by 2050 the world will need to reduce emissions of carbon dioxide, methane, and other greenhouse gases to approximately 80 percent lower than they were in 1990. It will mean wholesale reinvention of the global energy economy; anything less could result in catastrophic global temperature increases.
The Company also recently announced that The Belo Blato Wind Energy Project will be a milestone for the Republic of Serbia. It will be the first wind farm development in the region and will progress the national initiative for increased energy creation from renewable resources. This project begins the initial phase of energy development and will increase rapidly into other areas being considered for expansion.
The Green Star/Notos Joint Venture has requested the grid connection examination be performed by EMS (Elektromreza Srbije – Serbian Transmission System and Market Operator). Once the network analysis is complete, the next step will be for EMS to provide the Company with detailed technical requirements and cost estimates for connectivity.
Mike Andric, CEO of Green Star Alternative Energy, stated: “The Company expects a response from EMS within 60 days and will begin implementation of the requirements immediately thereafter.”
What They Do: Green Star Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold.
Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighboring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation’s first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.
French advertising company Publicis Groupe SA announced Sunday it has agreed to buy Microsoft Corp.'s (Nasdaq: MSFT) $39.75, digital advertising firm Razorfish in a move to boost its share of advertising on the Web, according to a joint statement released Sunday.
The deal is valued at $530 million, comprised of cash and 6.5 million Publicis Groupe treasury shares. The two companies also signed a five-year strategic alliance agreement that will allow Publicis to purchase display and search advertising from Seattle-based Microsoft on favorable terms across Microsoft's digital properties in exchange for certain minimum guaranteed purchases.
What They Do: Microsoft Corporation provides software and hardware products and solutions worldwide.
Merge Healthcare Incorporated (Nasdaq: MRGE) $3.83. Announced Friday after market close along with Confirma that they have entered into a definitive agreement for Merge to acquire Confirma in an all-stock transaction. This acquisition brings Confirma's patented and proven technologies to Merge's multiple market channels and international markets, and provides a mechanism to expand adoption of this important technology.
What They Do: Merge Healthcare develops solutions that automate healthcare data and diagnostic workflow to enable a better electronic record of the patient experience, and to enhance product development for health IT, device and pharmaceutical companies.
California Coastal Communities (Nasdaq: CALC) $1.93. Announced Friday after market close $1.9 million of gross operating profit for the quarter ended June 30, 2009 compared with $2.2 million of gross operating profit before inland project impairment charges for the comparable period of 2008. Net loss for the quarter was $7.3 million, or $.66 per diluted share compared with a net loss of $3.1 million or $.28 per diluted share for the second quarter of 2008.
What They Do: California Coastal Communities operates as a residential land development and homebuilding company in southern California.
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