Tactical Air Defense Services, Inc. (OTCQB:TADF) reached up 21.74% in morning trading to $.0028 with 27M shares traded. Tactical Air Defense Services, Inc. (OTCQB:TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aerial refueling, aircraft maintenance, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, announced that it is has secured a letter of intent from Cornucopia, Ltd. ("Cornucopia") to commit up to $8 million for the purchase of military aircraft and related parts and other aircraft assets.
Emmis Communications Corporation (Nasdaq:EMMS) reached up 13.21% in morning trading to $1.20 with 400K shares traded. Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting. Emmis operates the 8th largest publicly traded radio portfolio in the United States based on total listeners. As of February 28, 2011, Emmis owns and operates seven FM radio stations serving the nation's top three markets - New York, Los Angeles and Chicago, with one of Emmis' FM radio stations in Los Angeles operated pursuant to a Local Marketing Agreement whereby a third party provides the programming for the station and sells all advertising within that programming. Additionally, Emmis owns and operates fourteen FM and two AM radio stations with strong positions in St. Louis, Austin (Emmis has a 50.1% controlling interest in Emmis' radio stations located there), Indianapolis and Terre Haute, IN. Emmis Communications Corporation (Nasdaq:EMMS - News) announced it has reached an agreement to transfer WKQX-FM (101.1 MHz, Chicago, IL), WLUP-FM (97.9 MHz, Chicago, IL) and WRXP-FM (101.9 MHz, New York, NY) to Merlin Media LLC ("Merlin Media"), a controlling interest of which will be acquired by Chicago-based private equity firm GTCR and Randy Michaels. Emmis will own a significant minority stake. The transaction's closing is subject to various regulatory approvals and other customary conditions.
Alternate Energy Holdings, Inc. (PINK:AEHI) reached up 11.76% in morning trading to $.19 with 1M shares traded. Alternate Energy Holdings, Inc. is a unique corporation founded by senior executives in the nuclear and utility industry. The company was formed to address the mounting energy crisis affecting the U.S. economy. AEHI is now the parent company of three key subsidiaries, Idaho Energy Complex, Green World Water™ and Energy Neutral™. These are designed to specifically address the worldwide needs for clean energy through nuclear and renewable sources and the ever-increasing need for clean drinking water. Idaho Energy Complex is a key project for AEHI, which involves the building of a nuclear power plant in Payette County Idaho. Green World Water has designed the first commercially-available nuclear desalination system while Energy Neutral builds and retrofits homes and commercial buildings with renewable sources to reduce or eliminate energy bills. Alternate Energy Holdings, Inc. (OTC:AEHI.ob - News) announced that it received final local rezone approval for building a nuclear power plant in Payette County, Idaho.
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