Beacon Equity Research announces the release of Trade Alerts covering market movers: GT Legend Automotive Holdings Inc. (Pink Sheets: GTLA), YRC Worldwide Inc. (Nasdaq: YRCW), Blockbuster Inc. (NYSE: BBI), AMR Corp. (NYSE: AMR), PetSmart Inc. (Nasdaq: PETM) and Foot Locker Inc. (NYSE: FL).
In the Trade Alert, the author highlights GT Legend’s new "Electric Driveshaft” hybrid technology:
“GT Legend Automotive Holdings Inc. (GTLA) shares surged 18.75% to 9 cents this morning. GT Legend, through its subsidiary, Planet Nutrition Inc., operates as a retailer of nutritional products and programs in the diet and nutrition industry principally in the United States. … The company recently announced the development of the "Electric Driveshaft." With the use of this performance hybrid technology, the consumer could see an additional 150 HP and more than 400 ft lbs of torque while still embracing performance or economy gas engine and potentially receiving over 100 MPG as a commuter driving up to 60 miles per day and 45 MPG on the highway per 250 mile trip when in economy mode. "Electric Driveshaft" also decreases their green house gas footprint by 90%.”
The Trade Alert author also featured YRC Worldwide’s integration of its Yellow Transportation and Roadway brands:
“YRC Worldwide Inc. (YRCW) shares climbed .62% to $1.62 in today’s early trading. YRC provides transportation services for the shipment of industrial, commercial and retail goods in the United States and internationally. … The company recently said it has completed the integration of the national networks of two of its units. YRC said in a statement its Yellow Transportation and Roadway brands will now operate under the name YRC, a brand providing more than 160 combined years of experience moving big shipments.”
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HARRISBURG, PA (March 5, 2009) . . .
Worldwide industrial services company Harsco Corporation (NYSE: HSC) announced today that its Harsco Metals group has been awarded a five-year contract renewal valued at up to $50 million over its duration from North America’s largest and most advanced low-cost stainless steel production facility.
The award from Kentucky-based North American Stainless (NAS) focuses Harsco’s services on the higher value “hot work” requirements for onsite molten slag and scrap handling services, while reassigning lower-end services for general labor, road watering, sweeping and scrap yard stacking to a handful of other companies. Harsco’s contract covers a five-year period with provisions for rollover renewal, and represents win-win scenarios for both NAS and Harsco Metals.
Commenting on the award, Harsco President and CEO of the Harsco Metals group Geoffrey D. H. Butler said, “This new contract will facilitate a more positive commercial relationship and create a firm foundation on which to establish further growth opportunities that fit our strategic profile. It outlines a more focused, higher value-adding service to achieve greater customer satisfaction.”
North American Stainless is owned by Acerinox, SA, the world’s second largest stainless steel producer, which Harsco also supports through contracts in Spain and South Africa.
Harsco Metals is the world’s largest provider of on-site services to steel mills and other metals producers, serving an integral, on-site service partner at approximately 170 locations in 35 countries. Services include integrated materials handling, semi-finished and finished product management, and environmental recycling solutions for by-product management.
Harsco Corporation is one of the world’s leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and recovery. The Company employs approximately 20,000 people in 50 countries of operation and recorded 2008 sales of approximately $4 billion. Harsco’s common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
Investor Contact Media Contact
Eugene M. Truett Kenneth D. Julian
717.975.5677 717.730.3683
etruett@harsco.com kjulian@harsco.com