Weyerhaeuser Reports First Quarter Results

April 30th, 2011 admin

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FEDERAL WAY, Wash.–(CRWENewswire April 29, 2011)– Weyerhaeuser Company (NYSE:WY) today reported net earnings of $99 million for the first quarter, or 18 cents per diluted share, on net sales of $1.6 billion. This compares with a net loss of $20 million on net sales of $1.4 billion for the same period last year.

Earnings for the first quarter of 2011 include an after-tax gain of $96 million on the previously announced sale of 82,000 acres of non-strategic timberlands in southwest Washington. Excluding this special item, the company reported net earnings of $3 million. This compares to a net loss before special items of $15 million in the first quarter of 2010.

“During the first quarter we continued to make progress in our drive to improve our financial performance despite anemic housing market conditions,” said Dan Fulton, president and chief executive officer. “We are leveraging our strength in the export markets to take advantage of increased demand from Asia. Our businesses are running more efficiently and our work to eliminate costs continues. We remain focused on making further improvements to achieve our goal of delivering superior returns.”

WEYERHAEUSER FINANCIAL HIGHLIGHTS (millions, except per share data)
1Q 2011
4Q 2010
1Q 2010
Net sales $1,578 $1,664 $1,419
Net earnings (loss) $99 $171 ($20)
Weighted average shares outstanding, diluted 540 538 211
Earnings (loss) per diluted share $0.18 $0.32 ($0.10)
Net earnings (loss) before special items $3 $52 ($15)
Earnings (loss) per diluted share before special items $0.00 $0.10 ($0.07)

Weyerhaeuser’s outstanding shares increased substantially from the first quarter of 2010 due to a special dividend of approximately 324 million shares of common stock and $560 million in cash, paid on Sept. 1, 2010 in conjunction with the company’s conversion to a REIT.

TIMBERLANDS

FINANCIAL HIGHLIGHTS (millions) 1Q 2011 4Q 2010 Change
Net sales $230 $207 $23
Contribution to pre-tax earnings before special items $89 $56 $33
Pre-tax gain from special items $152 $0 $152
GAAP contribution to pre-tax earnings $241 $56 $185

1Q 2011 Performance – First quarter earnings before special items increased $33 million compared with fourth quarter, as strong export demand resulted in improved selling prices and volumes for western logs. Fee harvest volumes increased, resulting in lower per unit logging costs. These improvements were partially offset by higher fuel costs.

First quarter results include a pre-tax gain of $152 million from the previously announced sale of 82,000 acres of non-strategic timberlands located in southwest Washington.

2Q 2011 Outlook – Excluding the disposition of non-strategic timberlands, Weyerhaeuser expects slightly higher earnings in the second quarter compared with the first. The company anticipates modestly improved selling prices for western logs and higher harvest volumes to be largely offset by higher fuel expenses and seasonally higher road and silviculture costs.

WOOD PRODUCTS

FINANCIAL HIGHLIGHTS (millions) 1Q 2011 4Q 2010 Change
Net sales $624 $572 $52
Charge to pre-tax earnings before special items ($36) ($85) $49
Pre-tax gains (charges) from special items $0 ($103) $103
GAAP charge to pre-tax earnings ($36) ($188) $152

1Q 2011 Performance –The segment’s results before special items improved $49 million compared with the fourth quarter. Selling prices increased across most product lines. Per unit manufacturing costs declined due to continued cost reductions and improved operating rates for lumber and oriented strand board. This was partially offset by increased log costs.

Fourth quarter included special items of $103 million for asset impairments, closures and restructuring.

2Q 2011 Outlook – Weyerhaeuser anticipates a smaller loss from the segment in the second quarter due to seasonally higher sales volumes and improved operating rates.

CELLULOSE FIBERS

FINANCIAL HIGHLIGHTS (millions) 1Q 2011 4Q 2010 Change
Net sales $506 $511 ($5)
Contribution to pre-tax earnings before special items $86 $138 ($52)
Pre-tax gains (charges) from special items $0 $0 $0
GAAP contribution to pre-tax earnings $86 $138 ($52)

1Q 2011 Performance – First quarter earnings declined $52 million compared with fourth quarter. Average selling prices for pulp were slightly lower. Maintenance costs increased and production declined as the segment completed two planned annual maintenance outages in the first quarter, compared with one in the fourth quarter. Chemical, energy and fiber costs also increased.

2Q 2011 Outlook – Weyerhaeuser expects higher earnings from the Cellulose Fibers segment in the second quarter. The company anticipates higher selling prices, partially offset by increased maintenance costs due to an increase in the number of scheduled annual maintenance outages.

REAL ESTATE

FINANCIAL HIGHLIGHTS (millions) 1Q 2011 4Q 2010 Change
Net sales $160 $305 ($145)
Contribution (charge) to pre-tax earnings before special items ($1) $33 ($34)
Pre-tax charges from special items $0 ($20) $20
GAAP contribution (charge) to pre-tax earnings ($1) $13 ($14)

1Q 2011 Performance – Earnings before special items declined $34 million compared with the fourth quarter due to seasonally fewer home sale closings and lower margins. Home sale closings decreased 40 percent compared with the fourth quarter to 363 single-family homes. Margins on homes closed declined due to mix.

First quarter earnings included $1 million from the sale of land and lots, compared with $6 million from sale of land, lots and apartments in the fourth quarter.

Fourth quarter included special items of $20 million for asset impairments and restructuring.

2Q 2011 Outlook – Weyerhaeuser anticipates a small profit from single-family homebuilding operations in the second quarter due to a seasonal increase in home sale closings.

CORPORATE AND OTHER

FINANCIAL HIGHLIGHTS (millions) 1Q 2011 4Q 2010 Change
Contribution (charge) to pre-tax earnings before special items ($41) $2 ($43)
Pre-tax gains from special items $0 $39 ($39)
GAAP contribution (charge) to pre-tax earnings ($41) $41 ($82)

Earnings before special items declined $43 million compared with the fourth quarter, primarily due to non-cash pension and postretirement charges and higher share-based compensation expense.

First quarter segment results included pension and postretirement charges of $12 million, as the company amortized actuarial losses deferred in prior years. Fourth quarter included pension and postretirement credits of $19 million.

Share-based compensation expense for the segment increased $8 million compared with the fourth quarter, primarily due to a larger mark-to-market adjustment resulting from an increase in the company’s stock price.

Fourth quarter special items of $39 million included a gain on the sale of five short line railroads, partially offset by charges for restructuring, closures and impairments.

ABOUT WEYERHAEUSER

Weyerhaeuser Company, one of the world’s largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage our timberland on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2010, we employed approximately 14,000 employees in 10 countries. We have customers worldwide and generated $6.6 billion in sales in 2010. Our stock trades on the New York Stock exchange under the symbol WY. Additional information about us is available at http://www.weyerhaeuser.com.

EARNINGS CALL INFORMATION

Weyerhaeuser will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on April 29 to discuss first quarter results.

To access the conference call from within North America, dial 877-296-9413 (access code – 29868744) at least 15 minutes prior to the call. Those calling from outside North America should dial 1-706-679-2458 (access code – 29868744). Replays will be available for one week at 800-642-1687 (access code – 29868744) from within North America and at 1-706-645-9291 (access code – 29868744) from outside North America.

The call is being webcast through Weyerhaeuser’s Internet site at http://investor.weyerhaeuser.com and is accessible by selecting the “Q1 2011 Earnings Conference Call” link.

The webcast is available through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.fulldisclosure.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson’s password-protected site, StreetEvents (http://www.streetevents.com).

FORWARD-LOOKING STATEMENTS

This news release contains statements concerning the company’s future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on various assumptions and may not be accurate because of risks and uncertainties surrounding these assumptions. Factors listed below, as well as other factors, may cause actual results to differ significantly from these forward-looking statements. There is no guarantee that any of the events anticipated by these forward-looking statements will occur. If any of the events occur, there is no guarantee what effect they will have on company operations or financial condition. The company will not update these forward-looking statements after the date of this news release.

Some forward-looking statements discuss the company’s plans, strategies and intentions. They use words such as “expects,” “may,” “will,” “believes,” “should,” “approximately,” “anticipates,” “estimates,” and “plans.” In addition, these words may use the positive or negative or other variations of those terms.

This release contains forward-looking statements regarding the company’s expectations during the second quarter of 2011, including housing market conditions; market challenges for our Timberlands, Wood Products and Real Estate segments; higher selling prices for western logs and higher harvest volumes in Timberlands, partially offset by higher fuel expenses and seasonally higher road and silviculture costs; improved operating rates, higher selling prices and cost reductions in the Wood Products segment, partially offset by increased log costs; higher selling prices, partially offset by increased scheduled maintenance costs in the Cellulose Fiber segment; and a seasonal increase in home sale closings and lower margins and average prices in our single-family homebuilding operations.

Major risks, uncertainties and assumptions that affect the company’s businesses and may cause actual results to differ from these forward-looking statements, include, but are not limited to:

* the effect of general economic conditions, including employment rates, housing starts, interest rate levels, availability of financing for home mortgages, and strength of the U.S. dollar;

* market demand for the company’s products, which is related to the strength of the various U.S. business segments and economic conditions;

* performance of the company’s manufacturing operations, including maintenance requirements;

* raw material prices;

* energy prices;

* transportation costs;

* the successful execution of internal performance plans, including restructurings and cost reduction initiatives;

* the level of competition from domestic and foreign producers;

* the effect of the Japanese disaster on demand for company products;

* the effect of weather;

* the risk of loss from fires, floods, windstorms, hurricanes, pest infestation and other natural disasters;

* federal tax policies;

* the effect of forestry, land use, environmental and other governmental regulations;

* legal proceedings;

* the effect of timing of retirements and changes in the market price of company stock on charges for stock-based compensation;

* changes in accounting principles;

* performance of pension fund investments and related derivatives; and

* other factors described under “Risk Factors” in the Company’s annual report on Form 10-K.

 

Weyerhaeuser Company
Q1.2011 Analyst Package
Preliminary results, subject to audit
Consolidated Statement of Operations
in millions Q4 Q1
Dec 31, March 31, March 31,
2010 2011 2010
Net sales and revenues $ 1,664 $ 1,578 $ 1,419
Cost of products sold 1,362 1,324 1,232
Gross margin 302 254 187
Selling, general and administrative expenses 178 179 163
Research and development expenses 10 7 8
Charges for restructuring, closures and impairments 127 4 2
Other operating income, net (66 ) (174 ) (70 )
Operating income 53 238 84
Interest income and other 10 11 42
Impairments of investments and other related charges (3 ) - -
Interest expense, net of capitalized interest (96 ) (93 ) (106 )
Earnings (loss) before taxes (36 ) 156 20
Income tax benefit (provision) 207 (57 ) (38 )
Net earnings (loss) 171 99 (18 )
Less: net earnings attributable to noncontrolling interests - - (2 )
Net earnings (loss) attributable to

Weyerhaeuser common shareholders
$ 171 $ 99 $ (20 )
Per Share Information
Q4 Q1
Dec 31, March 31, March 31,
2010 2011 2010

Basic earnings (loss) per share attributable to

Weyerhaeuser common shareholders

$ 0.32 $ 0.18 $ (0.10 )
Diluted earnings (loss) per share attributable to

Weyerhaeuser common shareholders
$ 0.32 $ 0.18 $ (0.10 )
Dividends paid per share $ 0.05 $ 0.15 $ 0.05
Weighted average shares outstanding (in thousands):
Basic 535,956 537,140 211,440
Diluted 538,376 540,476 211,440
Common shares outstanding at end of period (in thousands) 535,976 538,408 211,557
Weyerhaeuser Company
Q1.2011 Analyst Package
Preliminary results, subject to audit
Consolidated Balance Sheet
in millions March 31, Dec 31,
2011 2010
Assets
Forest Products
Current assets:
Cash and cash equivalents $ 1,459 $ 1,466
Receivables, less allowances 505 451
Inventories 544 478
Prepaid expenses 85 81
Deferred tax assets 155 113
Total current assets 2,748 2,589
Property and equipment, net 3,151 3,217
Construction in progress 149 123
Timber and timberlands at cost, less depletion charged to disposals 4,003 4,035
Investments in and advances to equity affiliates 192 194
Goodwill 40 40
Other assets 424 363
Restricted assets held by special purpose entities 914 915
11,621 11,476
Real Estate
Cash and cash equivalents 4 1
Receivables, less allowances 54 51
Real estate in process of development and for sale 515 517
Land being processed for development 978 974
Investments in and advances to equity affiliates 15 16
Deferred tax assets 266 266
Other assets 119 120
Consolidated assets not owned 8 8
1,959 1,953
Total assets $ 13,580 $ 13,429
Liabilities
Forest Products
Current liabilities:
Accounts payable $ 359 $ 340
Accrued liabilities 686 734
Total current liabilities 1,045 1,074
Long-term debt 4,710 4,710
Deferred income taxes 485 366
Deferred pension and other postretirement benefits 908 930
Other liabilities 405 393
Liabilities (nonrecourse to Weyerhaeuser) held by special purpose entities 771 772
8,324 8,245
Real Estate
Long-term debt 348 350
Other liabilities 196 212
Consolidated liabilities not owned 8 8
552 570
Total liabilities 8,876 8,815
Equity
Total Weyerhaeuser shareholders’ interest 4,702 4,612
Noncontrolling interests 2 2
Total equity 4,704 4,614
Total liabilities and equity $ 13,580 $ 13,429
Weyerhaeuser Company
Q1.2011 Analyst Package
Preliminary results, subject to audit
Consolidated Statement of Cash Flows
in millions Q4 Q1
Dec 31, March 31, March 31,
2010 2011 2010
Cash flows from operations:
Net earnings (loss) $ 171 $ 99 $ (18 )
Noncash charges (credits) to income (loss):
Depreciation, depletion and amortization 127 123 126
Deferred income taxes, net (341 ) 39 34
Pension and other postretirement benefits (2 ) 24 (1 )
Share-based compensation expense 8 14 6
Equity in loss of equity affiliates 3 2 3
Charges for impairment of assets 112 1 2
Net gains on dispositions of assets and operations (46 ) (156 ) (83 )
Foreign exchange transaction gains (4 ) (7 ) (10 )
Decrease (increase) in working capital:
Receivables less allowances 36 (59 ) (87 )
Receivable for taxes 62 1 568
Inventories 2 (66 ) (65 )
Real estate and land 48 (2 ) (36 )
Prepaid expenses 14 (10 ) (13 )
Accounts payable and accrued liabilities (44 ) (78 ) (47 )
Deposits on land positions and other assets 3 - 3
Pension contributions (27 ) (1 ) (132 )
Other 87 (33 ) (72 )
Net cash from operations 209 (109 ) 178
Cash flows from investing activities:
Property and equipment (79 ) (35 ) (46 )
Timberlands reforestation (10 ) (12 ) (13 )
Redemption of short-term investments 2 - 47
Proceeds from sale of assets and operations 53 193 115
Repayments from pension trust - - 50
Other (17 ) 5 (3 )
Cash from investing activities (51 ) 151 150
Cash flows from financing activities:
Notes, commercial paper borrowings and revolving credit facilities, net (1 ) - (3 )
Cash dividends (27 ) (81 ) (11 )
Change in book overdrafts 33 3 (4 )
Payments on debt (65 ) (2 ) (17 )
Exercises of stock options - 34 -
Other 1 - (2 )
Cash from financing activities (59 ) (46 ) (37 )
Net change in cash and cash equivalents 99 (4 ) 291
Cash and cash equivalents at beginning of period 1,368 1,467 1,869
Cash and cash equivalents at end of period $ 1,467 $ 1,463 $ 2,160
Cash paid (received) during the year for:
Interest, net of amount capitalized $ 57 $ 156 $ 153
Income taxes $ (9 ) $ 2 $ (444 )
Weyerhaeuser Company Total Company Statistics
Q1.2011 Analyst Package
Preliminary results, subject to audit
Special Items Included in Net Earnings
in millions Q4 Q1
Dec 31, March 31, March 31,
2010 2011 2010
Net earnings (loss) $ 171 $ 99 $ (20 )
Income tax adjustments (177 ) - 31
Gain on sale of wood products assets - - (26 )
Gain on sale of railroads (31 ) - -
Gain on sale of 82,000 acres of non-strategic timberlands - (96 ) -
Charges for closures, restructuring and impairments 89 - -
Net earnings (loss) before special items $ 52 $ 3 $ (15 )
Q4 Q1
Dec 31, March 31, March 31,
2010 2011 2010
Net earnings (loss) per diluted share $ 0.32 $ 0.18 $ (0.10 )
Income tax adjustments (0.33 ) - 0.15
Gain on sale of wood products assets - - (0.12 )
Gain on sale of railroads (0.06 ) - -
Gain on sale of 82,000 acres of non-strategic timberlands - (0.18 ) -
Charges for closures, restructuring and impairments 0.17 - -
Net earnings (loss) before special items per diluted share $ 0.10 $ - $ (0.07 )
Selected Total Company Items
in millions Q4 Q1
Dec 31, March 31, March 31,
2010 2011 2010
Depreciation, depletion and amortization:
Cost of products sold $ 112 $ 107 $ 110
Selling, general and administrative expenses 15 16 16
Total depreciation, depletion and amortization $ 127 $ 123 $ 126
Pension and postretirement credits (costs):
Pension and postretirement costs allocated to business segments $ (12 ) $ (12 ) $ (12 )
Pension and postretirement credits (costs) retained by Corporate segment 19 (12 ) 16
Total company pension and postretirement credits (costs) $ 7 $ (24 ) $ 4
Total decrease (increase) in Forest Products working capital $ 98 $ (196 ) $ 169
Cash spent for capital expenditures $ (89 ) $ (47 ) $ (59 )
Weyerhaeuser Company Timberlands Segment
Q1.2011 Analyst Package
Preliminary results, subject to audit
Segment Statement of Operations
in millions Q4.2010 Q1.2011 Q1.2010
Trade sales and revenues (unaffiliated customers) $ 207 $ 230 $ 202
Intersegment sales 164 191 171
Total net sales and revenues 371 421 373
Cost of products sold 298 320 277
Gross margin 73 101 96
Selling, general and administrative expenses 22 23 20
Research and development expenses 7 4 4
Charges for restructuring, closures and impairments - - 1
Other operating income, net (11 ) (166 ) (10 )
Operating income 55 240 81
Interest income and other 1 1 -
Net contribution to earnings $ 56 $ 241 $ 81
Selected Segment Items
Q4.2010 Q1.2011 Q1.2010
Depreciation, depletion and amortization $ 30 $ 31 $ 30
Total increase in working capital $ (4 ) $ (17 ) $ (15 )
Cash spent for capital expenditures $ (20 ) $ (14 ) $ (20 )
Segment Special Items Included in Net Contribution to Earnings (Pre-Tax)
Q4.2010 Q1.2011 Q1.2010
Gain on sale of 82,000 acres of non-strategic timberlands $ - $ 152 $ -
Segment Statistics
Q4.2010 Q1.2011 Q1.2010

Third Party Net Sales and Revenue

(millions)

Logs:
West $ 97 $ 110 $ 82
South 41 41 27
Canada 5 7 9
Total Logs 143 158 118
Pay as cut timber sales 8 8 8
Timberlands exchanges and dispositions 20 21 35
Higher and better use land sales 4 4 5
Minerals, oil and gas 14 14 15
Products from international operations 16 17 15
Other products 2 8 6
Total $ 207 $ 230 $ 202

Logs Third Party Sales Realizations

(per cubic meter)

West $ 95.30 $ 100.20 $ 84.17
South $ 41.86 $ 41.22 $ 43.21
Canada $ 33.84 $ 34.73 $ 34.02
International $ 18.21 $ 18.61 $ 20.35

Logs Third Party Sales Volumes (cubic meters, thousands)

West 1,020 1,095 975
South 993 1,005 634
Canada 141 194 259
International 74 72 78
Total 2,228 2,366 1,946

Logs Fee Depletion

(cubic meters, thousands)

West 1,290 1,611 1,431
South 2,116 2,180 2,140
International 79 98 92
Total 3,485 3,889 3,663
Weyerhaeuser Company Wood Products Segment
Q1.2011 Analyst Package
Preliminary results, subject to audit
Segment Statement of Operations
in millions Q4.2010 Q1.2011 Q1.2010
Trade sales and revenues (unaffiliated customers) $ 572 $ 624 $ 604
Intersegment sales 18 21 16
Total net sales and revenues 590 645 620
Cost of products sold 613 630 616
Gross margin (23 ) 15 4
Selling, general and administrative expenses 63 55 68
Research and development expenses 1 1 1
Charges for restructuring, closures and impairments 103 2 1
Other operating income, net (1 ) (5 ) (46 )
Operating loss (189 ) (38 ) (20 )
Interest income and other 1 2 1
Net contribution to earnings $ (188 ) $ (36 ) $ (19 )
Selected Segment Items
Q4.2010 Q1.2011 Q1.2010
Depreciation, depletion and amortization $ 43 $ 40 $ 45
Total decrease (increase) in working capital $ 40 $ (118 ) $ (134 )
Cash spent for capital expenditures $ (21 ) $ (6 ) $ (2 )
Segment Special Items Included in Net Contribution to Earnings (Pre-Tax)
Q4.2010 Q1.2011 Q1.2010
Gain on sale of assets $ - $ - $ 44
Charges for restructuring, closures and impairments (103 ) - -
Total $ (103 ) $ - $ 44
Segment Statistics
in millions, except for third-party sales realizations Q4.2010 Q1.2011 Q1.2010

Structural Lumber

(board feet)

Third Party Net Sales and Revenue $ 241 $ 260 $ 241
Third Party Sales Realizations $ 292.63 $ 315.26 $ 316.60
Third Party Sales Volumes 822 826 761
Production Volumes 785 893 801

Engineered Solid Section (cubic feet)

Third Party Net Sales and Revenue $ 59 $ 62 $ 66
Third Party Sales Realizations $ 1,853.91 $ 1,851.05 $ 1,718.25
Third Party Sales Volumes 3 3 4
Production Volumes 3 4 4

Engineered I-joists (lineal feet)

Third Party Net Sales and Revenue $ 35 $ 33 $ 48
Third Party Sales Realizations $ 1,259.46 $ 1,266.51 $ 1,083.79
Third Party Sales Volumes 29 26 44
Production Volumes 26 30 41

Oriented Strand Board (square feet 3/8′)

Third Party Net Sales and Revenue $ 72 $ 85 $ 66
Third Party Sales Realizations $ 177.84 $ 192.16 $ 197.46
Third Party Sales Volumes 408 445 334
Production Volumes 429 494 378

Softwood Plywood (square feet 3/8′)

Third Party Net Sales and Revenue $ 15 $ 17 $ 16
Third Party Sales Realizations $ 250.61 $ 263.83 $ 263.54
Third Party Sales Volumes 57 63 60
Production Volumes 43 53 48

Hardwood Lumber (square feet 3/8′)

Third Party Net Sales and Revenue $ 51 $ 58 $ 54
Third Party Sales Realizations $ 833.75 $ 845.42 $ 814.00
Third Party Sales Volumes 61 69 67
Production Volumes 51 58 59
Weyerhaeuser Company Cellulose Fibers Segment
Q1.2011 Analyst Package
Preliminary results, subject to audit
Segment Statement of Operations
in millions Q4.2010 Q1.2011 Q1.2010
Total net sales and revenues $ 511 $ 506 $ 410
Cost of products sold 356 400 367
Gross margin 155 106 43
Selling, general and administrative expenses 21 22 20
Research and development expenses 2 2 2
Other operating income, net (7 ) (5 ) (2 )
Operating income 139 87 23
Interest income and other (1 ) (1 ) (4 )
Net contribution to earnings $ 138 $ 86 $ 19
Selected Segment Items
Q4.2010 Q1.2011 Q1.2010
Depreciation, depletion and amortization $ 39 $ 36 $ 36
Total decrease (increase) in working capital $ 21 $ 21 $ (10 )
Cash spent for capital expenditures $ (46 ) $ (26 ) $ (35 )
Segment Statistics
Q4.2010 Q1.2011 Q1.2010

Pulp (air-dry metric tons)

Third Party Net Sales and Revenue (millions) $ 402 $ 398 $ 321
Third Party Sales Realizations $ 926.29 $ 912.12 $ 761.78
Third Party Sales Volumes (thousands) 434 436 422
Production Volumes (thousands) 453 437 437

Liquid Packaging Board (tons)

Third Party Net Sales and Revenue (millions) $ 88 $ 85 $ 71
Third Party Sales Realizations $ 1,081.52 $ 1,148.29 $ 1,051.81
Third Party Sales Volumes (thousands) 81 74 67
Production Volumes (thousands) 84 67 69
Weyerhaeuser Company Real Estate Segment
Q1.2011 Analyst Package
Preliminary results, subject to audit
Segment Statement of Operations
in millions Q4.2010 Q1.2011 Q1.2010
Total net sales and revenues $ 305 $ 160 $ 151
Cost of products sold 228 126 121
Gross margin 77 34 30
Selling, general and administrative expenses 45 35 34
Charges for restructuring, closures and impairments 17 1 1
Other operating (income) loss, net (1 ) - 1
Operating income (loss) 16 (2 ) (6 )
Interest income and other - 1 39
Impairments of investments and other related charges (3 ) - -
Loss attributable to noncontrolling interests - - (2 )
Net contribution to earnings $ 13 $ (1 ) $ 31
Selected Segment Items
Q4.2010 Q1.2011 Q1.2010
Depreciation and amortization $ 4 $ 3 $ 3
Cash spent for capital expenditures $ (2 ) $ (1 ) $ (1 )
Segment Special Items Included in Net Contribution to Earnings (Pre-Tax)
Q4.2010 Q1.2011 Q1.2010
Charges for restructuring, closures and impairments $ (20 ) $ - $ -
Segment Statistics
Q4.2010 Q1.2011 Q1.2010
Net sales and revenues:
Single-family housing $ 266 $ 152 $ 143
Land 25 7 7
Other 14 1 1
Total net sales and revenue $ 305 $ 160 $ 151
Single-family homes sold 385 535 620
Single-family homes closed 606 363 393
Single-family homes sold but not closed (backlog) 439 611 877
Single-family average price of homes closed (in thousands) $ 439 $ 419 $ 365
Single-family home gross margin - excluding impairments (1) 26.1 % 21.7 % 19.4 %
(1) Single-family gross margin excluding impairments equals revenue less cost of sales and period costs (other than impairments and deposit write-offs).
Weyerhaeuser Company Corporate & Other Segment
Q1.2011 Analyst Package
Preliminary results, subject to audit
Segment Statement of Operations
in millions Q4.2010 Q1.2011 Q1.2010
Trade sales and revenues (unaffiliated customers) $ 69 $ 58 $ 52
Intersegment sales 5 3 4
Total net sales and revenues 74 61 56
Cost of products sold 54 63 42
Gross margin 20 (2 ) 14
Selling, general and administrative expenses 27 44 21
Research and development expenses - - 1
Charges for restructuring, closures and impairments 6 1 (1 )
Other operating (income) loss, net (45 ) 2 (13 )
Operating income (loss) 32 (49 ) 6
Interest income and other 9 8 6
Net contribution to earnings $ 41 $ (41 ) $ 12
Selected Segment Items
Q4.2010 Q1.2011 Q1.2010
Depreciation, depletion and amortization $ 11 $ 13 $ 12
Total decrease (increase) in working capital $ 41 $ (82 ) $ 328
Cash spent for capital expenditures $ - $ - $ (1 )
Share-based compensation expense $ 8 $ 16 $ 3
Foreign exchange gains $ 4 $ 6 $ 9
Pension and postretirement credits (costs) retained by Corporate segment $ 19 $ (12 ) $ 16
Segment Special Items Included in Net Contribution to Earnings (Pre-Tax)
Q4.2010 Q1.2011 Q1.2010
Charges for restructuring, closures and impairments $ (7 ) $ - $ -
Gain on sale of railroads 46 - -
Total $ 39 $ - $ -

Corporate and Other includes results of our transportation operations, certain gains or charges that are not related to an individual operating segment and the portion of items such as share-based compensation, pension and postretirement costs, foreign exchange transaction gains and losses and other general and administrative expenses that are not allocated to the business segments. We sold our five short line railroads at the end of 2010 and transportation currently only consists of Westwood Shipping Lines.

Contact:

Weyerhaeuser Company
Media – Bruce Amundson, 253-924-3047
Analysts – Kathryn McAuley, 253-924-2058

Source: Weyerhaeuser Company

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. crwenewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (Read more at http://www.crwenewswire.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold crwenewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.

 
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(PWRME, NHPR, STEL, NUTR, DVOX) Featured Stocks by PennyOTCStock.com

April 30th, 2011 admin

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power3POWER 3 MEDICAL PROD (PWRME.OB)
Although the precise causes of breast cancer are unclear, we know the main risk factors. Still, most women considered at high risk for breast cancer do not get it, while many with no known risk factors do develop breast cancer. Among the most significant factors are advancing age and a family history of breast cancer. Risk increases slightly for a woman who has had a benign breast lump and increases significantly for a woman who has previously had cancer of the breast or the ovaries.

A woman whose mother, sister, or daughter has had breast cancer is two to three times more likely to develop the disease, particularly if more than one first-degree relative has been affected. Researchers have now identified two genes responsible for some instances of familial breast cancer. These genes are known as BRCA1 and BRCA2. About one woman in 200 carries the genes. Having one of them predisposes a woman to breast cancer but does not ensure that she will get it.

Generally, women over 50 are more likely to get breast cancer than younger women, and African-American women are more likely than Caucasians to get breast cancer before menopause.

Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease). Power3 Medical applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 Medical has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer’s, Parkinson’s, and ALS diseases, for which it is currently engaged in Phase II clinical trials.

Power 3 Medical Product’s BC-SeraPro is a blood serum test designed to diagnose breast cancer in individuals. The test is based on proteomic technology in which a blood serum sample drawn from a patient will monitor the concentration of each protein biomarker residing in a panel of blood serum protein biomarkers to determine if a patient has breast cancer. The biomarkers in the panel have been selected for their ability to discriminate breast cancer patients from non-cancerous patients.

Power3 Medical Products, Inc. (PWRME) announced that it delivered four poster presentations at the 2010 International Conference on Alzheimer’s Disease (ICAD) in Honolulu, Hawaii. These presentations discussed NuroPro®, Power3’s diagnostic test, and focused on Power3’s Alzheimer’s disease blood serum biomarkers, test and clinical validation trials.

For more information please visit official website of PWRME: http://www.power3medical.com

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http://pennyomega.com/img/nhpr.jpgNational Health Partners Inc. (NHPR.OB)
Your body is constantly working to eliminate toxins through your lungs, kidneys, digestive system and especially your liver. Every minute of every day, your properly functioning liver eliminates small amounts of toxins, heavy metals, bacteria and other impurities from your blood before returning it into circulation.

Perhaps in an ideal world - a world without environmental challenges, stress, pesticides and processed foods - cleansing wouldn’t be necessary. But that simply isn’t the case for most of us in the 21st century. This is why regular cleansing of the body, and especially the liver and colon, is vital to maintaining your good health, be it preventing disease, or just to ensure that your body is operating the way it was meant to.

Benefits of cleansing include:
Improved health
Improved digestive health
Improvements in energy levels
Healthier skin
Healthier hair and nails
Improved cognitive function
Improved sleep
Less stress, greater relaxation, calmer stomach

Are you one of the millions of adults who want or need to improve their health through better nutrition? Now you can select top quality vitamins, supplements and other health products at savings of 25-35% off retail prices to meet your needs. Exclusive source for some breakthrough products.

Cleansing & Detoxification, General product categories include: Personal Care, Diet & Weight Control, Natural Remedies, Sports Nutrition, Sexual Wellness, Mental & Physical Energy, Anti-Aging and Supplements.

National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage.

National Health Partners, Inc. (NHPR) recently announced that the launch of a new network marketing program by one of its strategic partners, Xpress Healthcare, LLC.

Xpress Healthcare has teamed up with CARExpress in an effort to revolutionize the discount healthcare industry while at the same time bringing financial freedom to families across the nation. Xpress Healthcare has developed a first-class business platform that will enable brokers to develop their own business while generating strong monthly cash flows. Thru their unique website, www.join.xpressabo.com, brokers will be able to rapidly build their own independence.

For more information please visit official website of NHPR: www.nationalhealthpartners.com.

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Dynavox Inc. (Nasdaq:DVOX) the world’s leading provider of communication and education products for individuals with significant speech, language and learning disabilities, will announced results for the third quarter ended April 1, 2011 on Wednesday, May 11, 2011, after market close. The Company will host a conference call to discuss these results with additional comments and details. The conference call is scheduled to begin at 4:45 p.m. EDT on May 11, 2011. The call will be broadcast live over the Internet, hosted at the Investor Relations section of DynaVox’s website at http://ir.dynavoxtech.com/index.cfm, and will be archived online through May 25, 2011. In addition, listeners may dial (877) 312-5529 in North America, and international listeners may dial (253) 237-1147. Participants from the Company will be Ed Donnelly, Chief Executive Officer, and Ken Misch, Chief Financial Officer.

DynaVox Inc. develops and markets software, devices, and contents to assist people in overcoming their speech, language, or learning disabilities. It offers speech generating technology and special education software solutions.

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Nutraceutical International Corp. (Nasdaq:NUTR) reported results for the fiscal 2011 second quarter ended March 31, 2011. Net sales for the fiscal 2011 second quarter were $49.5 million compared to $47.9 million for the same quarter of fiscal 2010. For the second quarter of fiscal 2011, net income was $4.6 million, or $0.44 diluted earnings per share, compared to net income of $5.1 million, or $0.49 diluted earnings per share, for the same quarter of fiscal 2010. Net sales for the six months ended March 31, 2011 were $94.8 million compared to $92.7 million for the same period in fiscal 2010. For the six months ended March 31, 2011, net income was $8.5 million, or $0.81 per diluted share, compared to net income of $9.0 million, or $0.86 per diluted share, for the same period of fiscal 2010.

Nutraceutical International Corporation engages in the manufacture, marketing, distribution, and retail of branded nutritional supplements and other natural products in the United States and internationally.

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StellarOne Corporation (Nasdaq:STEL) announced that its Board of Directors approved a quarterly cash dividend in the amount of $0.04 per share payable on May 27, 2011 to shareholders of record on May 9, 2011. The payment represents an annual yield to shareholders of approximately 1.1% based on the closing price of StellarOne stock on April 26, 2011.

StellarOne Corporation operates as the bank holding company for StellarOne Bank that provides various retail and small business banking, commercial banking, consumer lending, mortgage banking, and wealth management services to individuals, and small and middle-market businesses in Virginia.

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOtcStock.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyotcstock.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) has received 1,000,000 shares 144 restricted stocks for IT department services and 2,000,000 shares (free trade) for 12 months of video production from Power 3 Medical Products Inc. (PWRME.OB).(CRWE.OB) has received 3,000,000 shares of (144) restricted common stock from the company and 3,000,000 shares of free trading shares from a third party (PIERRE BESUCHET) for six months of advertisement services for National Health Partners Inc. (NHPR.OB).

 
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(BOB.V, ORFG, STFC, MRTN, HCCI) Stocks on the Move by PennyOTCStock.com

April 30th, 2011 admin

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http://pennyomega.com/img/bob.jpgGlobal Hunter Corp. (BOB.V)
These copper properties can be further enhanced with variations in composition and manufacturing methods.

Electrical conductivity: Copper has the highest conductivity of the engineering metals. Silver or other elements may be added to increase strength, softening resistance or other properties without major loss of conductivity.

Thermal conductivity: This property is similar to electrical conductivity. Alloys of copper may be used for this property, where good corrosion resistance compensates for loss of conductivity with increased alloying.
Color and appearance: Many of the copper alloys have a distinctive color, which may change as the object weathers. For most alloys, it is easy to prepare and maintain the surface standard, even in adverse corrosion conditions. Many of the alloys are used in decorative applications, either in their native form or after metal plating. The alloys have specific colors, ranging from the salmon pink of copper through yellow, gold and green to dark bronze in the weathered condition. Atmospheric exposure can produce a green or bronze surface, and pre-patinated alloys are available in some product forms.

Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. It primarily explores for gold, copper, and base and precious metals. The company was founded in 1988 and is headquartered in Vancouver, Canada.

Global Hunter Corp. announced that it recently completed a surface sampling program at La Corona de Cobre. The program was designed to collect surface samples from the numerous prospective shear zones. This wold aid in the definition of drill targets to expand on the copper oxide mineralization. The company has collected approximately 250 samples from the shear zones listed below.

The shear zones and areas of alteration that have been sampled (from East to West) include the following zones:
- El Manto,
- La Golondrina.
- Cerro Borracho.
- El Tazon.
- La Copa.
- La Varrilla.
- Et Tazon.
- Vino Fino.
- Abisinia.
The samples have been collected from outcrops along the entire strike lengths of the shears and will be shipped to ALS Chemex Labs in La Serena Chile for analysis.

For more information about Global Hunter Corp please visit http://www.globalhunter.ca

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orfg_logo203x87

Orofino Gold Corp. (ORFG.PK)

Gold is a very rare substance making up only five ten-millionths of the Earth’s outer layer. Its rarity and its physical properties have made it one of the most prized of Earth’s natural resources.

Gold, like iron, copper, lead, tin etc. is a metal. Metals are good conductors of heat and electricity and are almost all solid at room temperature (with the exception of mercury). They are malleable and ductile.

Gold is heavy - it weighs over nineteen times more than water, and is almost twice as heavy as lead. If you had enough Gold to fill a one litre milk carton, it would weigh 19.3 kilograms, the same volume of milk weighs only one kilogram.

Gold is quite soft. It is slightly harder than a fingernail but not as hard as a coin or glass.

Gold, like most metals, can be hammered into thin sheets (malleable) or drawn out into thin wires (ductile). This has made gold sought after for a wide range of applications, like jewellery and in electronics. “Gold leaf” for example, is gold that has been beaten into a sheet less than one tenth of a millimetre thick. It is then used for lettering on honour rolls in schools, or for putting gold onto picture frames and ornaments

Orofino Gold Corp. (ORFG) is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino Gold Corp. (ORFG) objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.

Orofino Gold Corp. (ORFG) is pleased to announce the appointment of Dr. Hans Bocker as the new Chairman of the Board.

The Company held a Board meeting dated April 5, 2011, to initiate certain corporate changes to the existing members of the Board of Directors. The Board of Directors unanimously appointed Dr. Hans Bocker as the new Chairman of the Board, and the former Chairman, Mr. Ning Shi Long, resigned as Chairman due to personal obligations, but will remain as a member of the Board of Directors.

Dr. Hans J. Bocker is an internationally recognized academic advisor. His expertise encompasses fundamental organizational and operational logistics including production and operations management, purchasing and procurement, safety, loss control, quality management, international management, cross-cultural management, transportation and traffic logistics, and leadership training for executives.

In addition to his logistical expertise, Dr. Bocker is also an internationally recognized gold expert. He recently published a book on gold titled Freedom Through Gold which has sold out in several languages. He is also a published journalist with over 2000 publications.

On behalf of the Board of Directors, the Company wishes to extend their gratitude to Mr. Ning Shi Long for his commitment and efforts as past Chairman of the Board.

For more information please visit: http://www.orofinogoldcorp.com

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Heritage-Crystal Clean, Inc (Nasdaq:HCCI) plans to release its 2011 first quarter financial results, which ended March 26, 2011, after the market close on Thursday May 5, 2011. The company will host a conference call on Friday May 6, 2011 at 9:30 AM Central Time, during which management will make a brief presentation focusing on the company’s operations and financial results. Interested parties can listen to the audio webcast available through our company website, http://www.crystal-clean.com/investor/FinancialReleases.asp, and can participate in the call by dialing (720) 545-0014.

Heritage-Crystal Clean, Inc. provides industrial and hazardous waste services to small and mid-sized customers in the United States. It offers a range of services, including parts cleaning, containerized waste management, used oil collection, and vacuum truck services.

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Marten Transport Ltd. (Nasdaq:MRTN) reported a 5.2% increase in net income to $4.1 million, or 19 cents per diluted share, for the first quarter ended March 31, 2011, from $3.9 million, or 18 cents per diluted share, for the first quarter of 2010. Operating revenue, consisting of revenue from truckload and logistics operations, increased to $137.9 million in the first quarter of 2011 from $125.8 million in the 2010 quarter. Operating revenue, net of fuel surcharges, increased 3.7% to $112.5 million in the 2011 quarter from $108.5 million in the 2010 quarter. Fuel surcharge revenue increased to $25.4 million for the first quarter of 2011 from $17.3 million in the 2010 quarter, due to significantly higher fuel prices.

Marten Transport, Ltd. operates as a temperature-sensitive truckload carriers in the United States, Canada, and Mexico. The company offers long-haul and regional truckload carriage that provides protective service transportation and distribution of time and temperature sensitive materials and general commodities.

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State Auto Financial Corp. (Nasdaq:STFC) announced that the company will host a webcast of its 2011 annual shareholders meeting on Friday, May 6, 2011, beginning at 10 a.m. ET. To attend via the webcast, visit StateAuto.com and click on the Investors tab. The webcast can also be accessed directly at http://bit.ly/kmUvJW. An archived version of the webcast will be available at approximately 2 p.m. ET on Friday, May 6.

State Auto Financial Corporation, through its subsidiaries, writes personal and business lines of insurance in the United States. State Auto Financial Corporation is a subsidiary of State Automobile Mutual Insurance Company.

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOtcStock.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyotcstock.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) has previously received 500,000 shares of (144) restricted common stock and 500,000 shares of free trading shares from a third party (QU CUI You) for six months of advertisement services (which has expired) for Orofino Gold Corp. (PINK SHEETS:ORFG).

 
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(CRWE, AVOT, XRIT, RCKY, STLY) Stocks in Review by PennyOTCStock.com

April 30th, 2011 admin

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Crown Equity Holdings, Inc. (CRWE.OB)
According to a survey of business people, the marketing and communication impact of video on Web sites is substantial!

Nearly 60% of the business people said they would watch a video before reading text on the same Web page.
Three quarters (75%) watch work-related video on business Web sites at least once a week.
Twenty nine percent (29%) watch online business video several times per week.
Twenty-six percent (26 %) watch Web site business video daily.
Web site videos stimulate action by business people, including seeking more information, with 45% calling a vendor and 51% subsequently making a business related purchase.

So you have the best product and best company in the world and you would like everyone to know about it. Crown Equity Holdings creative team works together to develop the finest in marketing video production services for each of our clients. Their staff will learn every aspect of your business or product, formulate a message, then create a video production concept to get it out into the world.

Crown Equity Holdings Inc. (CRWE) offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

Crown Equity Holdings Inc. (CRWE) recently announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
“In addition to publishing to the mentioned countries, Crown Equity Holdings Inc. has also established online publishing sites for over 660 various cities within those countries,” stated Arnulfo Saucedo-Bardan, Chairman of the Board for Crown Equity Holdings Inc.

For more information please visit official website of CRWE:
http://www.crownequityholdings.com
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avot_logo_200x72American Video Teleconferencing Corp. (AVOT)
American Video Teleconferencing Corp. believes that the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is normally known for its business and efforts of exploration ins Rare Earth Elements. According to AVOT, it will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.

Uses of rare earth elements
Scandium - X-ray tubes, catalysts for polymerization, in hardened nickel-chromium super alloys, dental porcelain, used as a tracer in studies of oil wells and pipelines.

Terbium - Cathode-ray tubes for x-ray and color-television tubes, magnets, optical computer memories, computer hard-drive components; magnetostrictive alloys. Magnetostrictive materials are broadly defined as materials that undergo a change in shape due to change in the magnetization state of the material.

Thorium - Gas mantles, magnesium alloys, and can be used as nuclear fuel in place of uranium.

Thulium - X-ray equipment for small portable medical x-ray units.

Ytterbium - X-ray equipment for portable irradiation devices, lasers and in some special alloys.

Yttrium - De-oxidizer in stainless-steel production, strengthener in magnesium and aluminum alloys, rechargeable batteries, medical uses, and red phosphors for color television, superconductors, and various other metallurgical applications.

American Video Teleconferencing Corp. (AVOT) recently announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company’s exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists. The company is looking forward to this new relationship with Mr. Lockhart as he will be able to provide the guidance, expertise and leadership that will be needed moving forward, as he has had many years experience working in the province of Quebec.

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Stanley Furniture Co. Inc. (Nasdaq:STLY) reported sales and operating results for the first quarter of 2011. Net sales for the quarter decreased 4% to $26.6 million compared to $27.7 million in the fourth quarter of 2010. Order backlog grew $2.2 million as the company completed the first full quarter with its new operational strategy announced in May of last year. “Sales were consistent with our expectations for the first quarter,” said Glenn Prillaman, Chief Executive Officer. “Over the coming quarter we expect our backlog to narrow as the flow of goods from our Stanley product line improves from our overseas partners and as our Young America manufacturing facility in North Carolina continues to improve service to its customers,” Mr. Prillaman continued. Net loss for the quarter improved to $3.9 million, or $.27 per share compared to a net loss of $8.3 million, or $.73 per share, in the fourth quarter of 2010.

Stanley Furniture Company, Inc., together with its subsidiaries, designs and manufactures residential wood furniture products in the United States. The company was founded in 1865 and is headquartered in Stanleytown, Virginia.

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Rocky Brands, Inc. (Nasdaq:RCKY) announced financial results for its first quarter ended March 31, 2011. First quarter 2011 net income improved to $0.5 million, or $0.07 per diluted share versus a net loss of $0.6 million, or ($0.10) per diluted share in the year ago period. The earnings per share improvement was attained even with 1.9 million more weighted average common shares outstanding, an increase of 33.5% shares outstanding, as a result of the Company’s follow-on common stock offering in May 2010. Gross margin improved 340 basis points to 36.8% compared to 33.4% last year. Net sales were $52.3 million for the first quarter versus net sales of $56.1 million in the first quarter of 2010, due to reduced sales under military contracts.

Rocky Brands, Inc. designs, manufactures, and markets footwear under the Rocky Outdoor Gear, Georgia Boot, Durango, Lehigh, Mossy Oak, Michelin, and Dickies names. It also sells footwear under the Rocky label to the U.S. military.

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X-Rite, Incorporated (Nasdaq:XRIT) will hold a conference call to discuss the financial results of the first quarter 2011. The call will be held in conjunction with the Company’s earnings release, which will be published before the market opens on May 5, 2011 at 11:00 a.m. ET

X-Rite, Incorporated, a technology company, develops a range of color management systems and solutions worldwide. The company operates in two segments, Color Measurement and Color Standards.

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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOtcStock.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyotcstock.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (CRWE.OB) has received from the company 2,000,000 shares of (144) restricted common stock of American Video Teleconferencing Corp. (AVOT.PK) for 12 months IR Services and 1,000,000 shares of (144) restricted common stock for its IT services.

 
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(GRHU, IMKTA, ANAT, LMIA) Stocks Reported From PennyOTCStock.com

April 30th, 2011 admin

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grhu_logo1_200x72GreenHouse Holdings, Inc. (GRHU.OB)
The GreenHouse Holdings Residential Services team provides construction and project management, real estate acquisition, pro forma, and land planning services all with a focus on using eco-friendly building products and technologies. GreenHouse Holdings empowers homeowners to reduce their energy use, save money and contribute to lasting change in our environment. Allow GreenHouse Holdings to turn your home into a high-efficiency machine. They have helped thousands of homeowners green their homes and reduce their monthly utility costs by up to 20-30%.

“Solar Tube Light”
It is silly to have to turn on a light during the daytime. GreenHouse Holdings Solar Tube light catches sunlight and redirects it to any part of the house. Whether you are looking for lighting a small bathroom or closet or you want to illuminate a great room we have a size that will work for your needs. Its bubble top design makes it effective even in the early and late part of the day when skylights become much less effective. Its smaller and more efficient design and heat resistant shell limit the heat gain so problematic with traditional skylights, especially at midday. Also natural lighting is far more pleasant and best of all its free!

Benefits:
Free natural light for up to 700sf per Solar light
Innovative design catches light in morning and evening
Diffuses light over wide area indoors
No heat gain like sky lights
Several sizes available for different applications

GreenHouse Holdings is a leading provider of energy efficiency and sustainable facilities solutions. The company designs, engineers and installs disparate products and technologies that enable its clients to reduce their energy costs and carbon footprint. Its target markets for energy efficiency solutions include government and military, as well as commercial, residential and industrial markets. In addition, the company develops, designs and constructs rapidly deployable, sustainable facilities primarily for use in disaster relief and security in austere regions.

GreenHouse Holdings, Inc announced a partnership with Seychelle Environmental Technologies, Inc. like Together; the companies will offer a variety of innovative water filtration and conservation technologies to the Department of Defense.

According to the Company, their two companies complement each other well with a host of products that promote both portability and sustainability and remain relevant to the national interest.

Under the terms of the agreement, GreenHouse has been chosen by Seychelle to be its exclusive distributor on Department of Defense RFP’s for which water filtration products are applicable. This will allow GreenHouse to expand its menu of sustainable products and allow Seychelle to benefit from GreenHouse’s extensive relationships with high-ranking DOD officials and department heads.

GreenHouse is a past performance government contractor supplying the US military with a wide range of products from rapidly deployable and ballistically protected buildings to sustainable, environmentally safe targeting systems and live fire training facilities. Effective and portable water filtration is another important step toward a rapidly equipped mobile military.

For more information please visit official website of GRHU: www.greenhouseintl.com

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Ingles Markets Inc. (Nasdaq:IMKTA) reported increased sales and net income for the three and six months ended March 26, 2011. Second quarter net sales rose 4.0% to $870.4 million and net income increased 38.0% to $7.7 million compared with the prior year’s second quarter. For the first six months of fiscal 2011, net sales rose 3.9% to $1.74 billion and net income increased 32.4% to $15.4 million compared with the first six months of fiscal 2010.

Ingles Markets, Incorporated operates a supermarket chain in the southeast United States. The company was founded in 1963 and is headquartered in Black Mountain, North Carolina.

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American National Insurance Co. (Nasdaq:ANAT) the Board of directors declared a quarterly dividend of 77 cents per share on its common stock, CUSIP #028591-105, payable June 17, 2011 to shareholders of record as of the close of business on June 3, 2011. American National Insurance Company has paid dividends to stockholders for over 100 consecutive years.

American National Insurance Company and its subsidiaries operate primarily in insurance industry in the United States, the District of Columbia, Puerto Rico, Guam, and American Samoa.

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LMI Aerospace Inc. (Nasdaq:LMIA) a leading provider of design engineering services, structural components, assemblies and kits to the aerospace, defense and technology industries, announced that it will host a conference call to discuss the company’s first quarter 2011 results. The conference call will be Friday, May 6, 2011, at 9:00 A.M., CDT, and will be hosted by Ronald S. Saks, the company’s Chief Executive Officer and Lawrence E. Dickinson, Chief Financial Officer. LMI plans to release the company’s first quarter results just prior to market open on Friday, May 6, 2011.

LMI Aerospace, Inc. provides design engineering services, structural assemblies, kits, and components to the aerospace, defense, and technology markets primarily in the United States. The company operates in two segments, Aerostructures and Engineering Services

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