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Business News on August 10, 2012

Shares of Manchester United debut at NYSE
MANU debuts at $14.05 Andhra News

VTUS An Oversold Opportunity; Now May Be The Time To Buy
Ventrus Biosciences (NASDAQ:VTUS) released second quarter results last night, and notably, the company reported that it has $29 million in cash, enough to fund operations for the next two years according to management ACN Newswire

Abbott Japan and Eisai Receive Approval to Market the Fully Human Anti-TNF-Alpha Monoclonal Antibody Humira(R)
Abbott Japan Co,. Ltd. and Eisai Co., Ltd. announced today that they have received approval from Japan's Ministry of Health, Labour and Welfare to market Humira(R) Pre-filled Syringe 40 mg/0 ACN Newswire

NTT DOCOMO Announces Final Results of Voluntary Public Tender Offer for Buongiorno S.p.A.
NTT DOCOMO, INC. announced today that as a result of the voluntary tender offer extended through NTT DOCOMO's wholly owned subsidiary, DOCOMO Deutschland GmbH, it has secured in total 97.109% (108,581,386) of the outstanding ordinary shares of Buongiorno S.p.A., one of Europe's largest providers of mobile internet content and applications. The 97 ACN Newswire

Digital Asia Festival Names Matias Palm-Jensen to Chair Digital Media Awards Jury
The newly launched Digital Asia Festival, the two-day event for learning, networking and celebrating Asia's best digital marketing communications, has appointed Matias Palm-Jensen, European Chief Innovation Officer of McCann Erickson, to lead the judging process of this year's Digital Media Awards, which are central to the festival ACN Newswire

Dot Commodity and Xinhu Futures to Jointly Host Global Investment Conference on Precious Metals
Dot Commodity, Inc. (Dot), Japan's largest online commodity futures broker, is pleased to announce the joint hosting of a precious metals trading conference in Shanghai on August 25th, 2012 in cooperation with Xinhu Futures, one of the leading commodity futures brokers in China ACN Newswire

Toyota Opens New Vehicle Plant in Brazil
Toyota Motor Corporation (TMC) announces that Toyota do Brasil Ltda. (TDB), TMC's Brazilian sales and manufacturing subsidiary, held an opening ceremony here today at its new vehicle plant ACN Newswire

MHI to Participate in Project to Develop P&W's PW1200G Jet Engine for the MRJ
Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement with Pratt & Whitney (P&W) of the United States under which it will participate in a project to develop that company's new jet engine, the PurePower(R) PW1200G, to power the Mitsubishi Regional Jet (MRJ), MHI's next-generation regional jet ACN Newswire

MHIEC to Extend Operational Life of Municipal Solid Waste Incineration Facility in Oita, Japan
Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from Oita City, in Japan's Oita Prefecture, for modification work on a large-scale municipal solid waste (MSW) incineration plant at the city's Fukumune Environmental Center ACN Newswire

The Most Anticipated Dita Von Teese Meets Macau Audiences at City of Dreams' 'Taboo'
City of Dreams always thinks outside the box when it comes to creating world-class productions and positioning Macau as the destination for ultimate entertainment. Collaborated with the renowned creative master Mr. Franco Dragone, they have brought to Macau a new genre of entertainment this summer - Taboo ACN Newswire

Judicial Watch, Statement Regarding Judge's Decision Granting Maryland Voters Right to Vote on Maryland's Gerrymandered Congressional Redistricting Map's Chairman Delegate Neil Parrott and Judicial Watch President Tom Fitton issued a statement today following a Maryland circuit court decision that gives a green light to an Election Day voter referendum on Maryland's new gerrymandered Congressional Districting Plan MarketWire

Quidel Secures New $140 Million Credit Facility
Quidel Corporation (NASDAQ: QDEL), a leading provider of diagnostic testing solutions and cellular-based virology assays, announced today that it entered into an amended and restated $140 million, five-year senior secured credit facility with a group of banks, led by Bank of America, N.A. as the sole lead arranger, and U.S. Bank National Association as the syndication agent MarketWire

KMAG Announces July 2012 Revenue
KMA Global Solutions International, Inc. (PINKSHEETS: KMAG) has continued strong sales growth in Q2 with sales in the month of July 2012 of $1,310,458. This result is ahead of our projected sales target. MarketWire

CPS Technologies Corporation -- Conference Call Notification
CPS Technologies Corporation (OTCBB: CPSH) today released instructions for its quarterly investor conference call which will be held on Monday, August 13, 2012 at 5:00 P.M. (Eastern). Grant Bennett, President and Chief Executive Officer, and Ralph Norwood, Chief Financial Officer, will discuss the Company's financial results for the three months ended June 30, 2012 MarketWire

Silver Institute to Update "Future of Silver Industrial Demand" Report
The Silver Institute will update last year's popular "The Future of Silver Industrial Demand" report this fall. MarketWire

7th Annual Killer Nashville Invites Renowned Novelist, Screenwriter and Director Heywood Gould -- of "Fort Apache, the Bronx," "Cocktail," and "Rolling Thunder" Fame -- as a Guest of Honor
Killer Nashville (, the premier conference for mystery, thriller and crime fiction authors and fans, proudly announces award winning bestselling novelist, screenwriter and film director Heywood Gould ( as one of its three guests of honor at its seventh annual event, which takes place August 23-26, 2012 at the Hutton Hotel in Downtown Nashville, Tenn. MarketWire

Worthington Industries Announces $150 Million Private Placement Note Financing
Worthington Industries, Inc. (NYSE: WOR) today announced that it has issued $150 million of 12-year unsecured Senior Notes due 2024 through a private placement with Prudential Capital Group. The notes will bear interest at a fixed rate of 4.60% MarketWire

California Energy Commission Business Meeting Notice
DATE: August 14, 20121516 Ninth StreetHearing Room B, First FloorSacramento, California 958149 a.m.(Wheelchair Accessible) Pursuant to California Government Code § 11128.5, please take notice that on August 9, 2012, the above-referenced Business Meeting was adjourned to August 14, 2012 at 9 a.m MarketWire

Southern ITS International, Inc. Completes Its Reorganization Plan
Southern ITS International, Inc. (PINKSHEETS: ALCD), formally known as Alco Advanced Technologies Inc., announced today that the company has completed phase one on its transitional business plan by completing its name change and restructuring its capital stock base. MarketWire

Las Vegas Railway Express, Inc. Posts Improved 10Q
Las Vegas Railway Express, Inc. ("X" Train) (OTCQB: XTRN) -- The Las Vegas X Train, the luxury passenger train with planned rail service between Southern CA and Las Vegas, has released its latest Form 10Q to the SEC. The Company marked significant improvement in two primary areas. First, the Company has been successful in subscribing its private placement offering for $1.5 million MarketWire

Titan Resources International Corp. (TNRI) Announces Quebec Gold Property Expansion
Titan Resources International Corp. (PINKSHEETS: TNRI) is pleased to announce they have signed an LOI for the rights to purchase 100% ownership of a prospective gold property located in the Abitibi gold belt of the Val D'Or mining region of northern Quebec, Canada. MarketWire

BioNitrogen Corporation Announces Agreement to Purchase Biomass in Florida
BioNitrogen Corporation (PINKSHEETS: BION), a cleantech company that utilizes proprietary technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today it has signed an agreement to purchase biomass from a 40-acre parcel of land in Hardee County, Florida MarketWire

Wyndham Jade Exhibits at ASAE's Expo 2012
Wyndham Jade is set to showcase its Housing and Registration, Meeting, Incentive and Travel solutions on Aug 11th - 14th, 2012 at the ASAE Annual Meeting and Exposition at the Dallas Convention Center, booth 1632. MarketWire

Casella Waste Systems Realigns Operations, Reduces Costs and Updates Fiscal Year 2013 Guidance
Casella Waste Systems, Inc. (NASDAQ: CWST), a regional vertically-integrated solid waste, recycling and resource management services company, announced today a realignment of its operations that will streamline its support functions and is expected to eliminate approximately $6.5 million of annualized costs MarketWire

KARE 11 (NBC) Announces New Weekend Anchor Team
KARE 11 Television, the NBC affiliate for the Minneapolis/St. Paul area, announced a new team to lead the weekend newscasts. Dave Schwartz was promoted to the weekend sports reporter/anchor position. Blake McCoy has signed on to join KARE 11 as co-anchor of the weekend newscasts with Rena Sarigianopoulos and meteorologist Jerrid Sebesta. MarketWire

Grand Opening Celebrations This Saturday at TRI Pointe Homes' Ironhorse in Morgan Hill, Where Solar Is Standard

WesternU Professor Leads Study of Nitrile Reductase
A new study led by WesternU Graduate College of Biomedical Sciences Assistant Professor Manal A. Swairjo, PhD, describes the discovery of the atomic structure of the only nitrile reductase known in biology, which has potential widespread applications in the chemical industry. MarketWire

HR Plus Signs Statement of Support for the Employer Support of the Guard and Reserve
HR Plus,, a leading provider of comprehensive employment and background screening solutions, and a division of AlliedBarton Security Services, has signed a Statement of Support for the Employer Support of the Guard and Reserve. MarketWire

Arete Industries to Host Conference Call to Discuss Second Quarter 2012 Financial Results
Arête Industries, Inc. (OTCQB: ARET) (PINKSHEETS: ARET) announced today that it will publish and discuss its financial results for the second quarter of 2012 after the market's close on Tuesday, August 14, 2012. The conference call and simultaneous, webcast will begin at 10:00AM EDT on Wednesday, August 15, 2012 and last for one hour MarketWire

Indra Australia Outsources Manufacture and Test of World Leading Air Traffic Management (ATM) System to MVTS
Indra Australia is outsourcing the manufacture, assembly and test of critical elements of its Air Traffic Management (ATM) Navigation Aid systems to MVTS Technologies MarketWire

Market Leader to Present to the Canaccord Genuity Annual Growth Conference
Market Leader, Inc. (NASDAQ: LEDR) today announced that CEO Ian Morris will present to the Canaccord Genuity Annual Growth Conference. The presentation is scheduled for Wednesday, August 15 at 9:00 a.m. Eastern time and will be available live and for replay from the Investor Relations section of the company's Web site at MarketWire

"Gluten-Free" Trend Spurs Demand for Restaurant Liability Insurance
According to insureon, the leading online agent for small business insurance, a growing trend toward "gluten-free" menu items at America's restaurants and catered events is increasing the demand for a special kind of insurance designed to protect food-service businesses against lawsuits arising from bad reactions to food products. MarketWire

OTR Global's Director of Global Research to Appear on CNBC's "Fast Money"
OTR Global LLC (OTR®) -- OTR's Director of Global Research, Jon Gates will join CNBC "Fast Money" host Melissa Lee on Monday, August 13, at 5 p.m. EDT to discuss channel checks and companies on his radar. Lee anchors a fast-paced discussion among four professional Wall Street traders, who discuss investment strategies and debate calls on stocks or sectors MarketWire

Healthy School Lunches Made Easy With Fruit Servings From Tree Top
Lunch is an integral and important part of the school day. It's a chance for kids to refuel and prepare for an afternoon full of activity and learning. For this reason, a child's lunchbox should be full of healthy and nutrient-rich foods. Luckily, Tree Top makes it easy to pack a lunch that is both tasty and nutritious MarketWire

University Bancorp 1H2012 Profit $1,400,444, $0.301 per Share
University Bancorp, Inc. (OTCQB: UNIB) (PINKSHEETS: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the first half of 2012 of $1,400,444, represented $0.301 per share on average shares outstanding for the first half of 4,655,098 MarketWire

CMIT Solutions of Fayette/Coweta Technician Brian D'Arcy Wins Technician of the Year Award
To succeed, technology support businesses need to excel before and after the job -- skilled marketers and managers to build client bases and rock-solid technicians to perform the work and satisfy clients. Recently, CMIT Solutions of Fayette/Coweta, a managed IT services franchise just south of Atlanta, won companywide awards for work on both ends. MarketWire

American Tech Association Announces Website Redesign
American Tech Association (ATA) is pleased to announce the redesign of the official website, in order to improve navigation and client/colleague interaction. As an active member in the technology sector, ATA is dedicated to providing information and IT solutions to American businesses across a variety of industries. MarketWire

APAC Customer Services, Inc. Hiring in Phoenix, Arizona
APAC Customer Services, Inc., a leader in global outsourced services and solutions, announced today that it will be holding recruiting job fairs beginning on Saturday, August 11, to support previously announced plans to add 300 jobs in its Phoenix, Arizona location. The positions are available effective immediately MarketWire

Earthstone Energy Reports 1st Quarter Results
EARTHSTONE ENERGY, INC. (NYSE MKT: ESTE) reported net income of $270,000, or $0.16 per diluted share, on revenue of $2,347,000 for the first quarter of fiscal 2013, ended June 30, 2012 (2012). This compares to net income of $665,000, or $0.39 per diluted share, on revenue of $2,525,000 for the first quarter of fiscal 2012, ended June 30, 2011 (2011) MarketWire

Moen Introduces the Voss(TM) Bathroom Collection With Perfectly Matched Accessories for Complete Coordination in the Bath
The new Moen® Voss™ collection provides a timeless, yet on-trend, look and feel to any bath. The transitional line of faucets, accessories and showering products is filled with simple, enduring style. MarketWire

The Book of Mormon Tour Offers an Affordable Alternative to Broadway
After taking Broadway by storm, The Book of Mormon is embarking on a national tour beginning next week, with tickets as low as $73* on The touring show will debut August 14 in Denver, CO, with stops planned in cities across the country through August 2013. MarketWire

Intermedia, Leading Cloud Services Company and Largest Hosted Exchange Provider, Expands Management Team
Intermedia, a global leader in cloud services for small and medium-sized businesses and the largest Microsoft Exchange hosting provider, welcomes two new vice presidents to its expanding management team. Connie Adcock, a 35-year seasoned customer service executive, formerly of 1-800-Flowers and National Car Rental, has joined the company as vice president of client services MarketWire

Lattice Schedules Second Quarter 2012 Earnings
Lattice Incorporated (OTCBB: LTTC), a provider of advanced information and communications technology solutions to the corrections industry and key government agencies, will release its second quarter 2012 financial results on Tuesday, August 14, 2012. MarketWire

Vivakor Announces Alternative Energy Asset Acquisition Strategy
Vivakor Inc. (PINKSHEETS: VIVK) announced today that the Company plans to increase its acquisition of alternative energy assets through its subsidiary VivaVentures. VivaVentures acquires interest in already existing technologies for Alternative Energy and nano material production MarketWire

AeroGrow Reports Results for the Quarter Ended June 30, 2012
AeroGrow International, Inc. (OTCQB: AERO) (PINKSHEETS: AERO) ("AeroGrow" or the "Company"), makers of the AeroGarden® line of indoor gardening products, announced results for the three months ended June 30, 2012, the first quarter of its fiscal year ending March 31, 2013. MarketWire

Gyrotron Technology Inc. Announces Distribution of 200% Stock Dividend; Stock to Trade Ex-Dividend on Monday, August 13
Gyrotron Technology Inc. (PINKSHEETS: GYTI) announced today that the previously announced 200% stock dividend will be distributed today, August 10, 2012. As a result of the dividend, shareholders will own three shares of GYTI for each share they currently own. FINRA has set the ex-dividend date for Monday, August 13. MarketWire

Nami Expands Business Development Team With Pay-Per-Click Industry Veterans
Nami, a provider of the leading pay-per-click (PPC) performance ad solutions for networks, added strength to its leadership team with the appointments of PPC industry veteran Brian Chisholm to Senior Vice President of Sales and Business Development and Scott Sloane to Director of Business Development. MarketWire

NutraCea Hosts 2012 Second Quarter Financial Results Conference Call on Wednesday, August 15th at 4:15 p.m. Eastern
NutraCea (OTCQB: NTRZ) (PINKSHEETS: NTRZ), a global leader in the production and marketing of value added products derived from rice bran, today announced that W. John Short, Chief Executive Officer and Dale Belt, Chief Financial Officer, will host a conference call to discuss the financial results for the 2012 second quarter ending June 30, 2012 on Wednesday, August 15th at 4:15 p.m. Eastern. MarketWire

The Eventide Gilead Fund Reports Results for Fiscal Year Ending June 30, 2012
The Eventide Gilead Fund's no-load class (NASDAQ: ETGLX) completed four years on June 30, 2012 and continues to find unique market opportunities, especially within the biotech and pharmaceutical space. MarketWire

FlyMuch Adds Pamela Springer to Board of Directors
Manta President and CEO Pamela Springer is joining the board of directors of FlyMuch -- maker of the location-based monitoring and engagement service VenueSeen. Springer is also investing in the company to help VenueSeen accelerate customer acquisition and partnership expansion MarketWire

Sip Into Autumn With the Wines of the Italian Alps; Unpredictable Temperatures Call for the Reds of Alto Adige
As the summer winds down and the first signs of fall appear, the weather cannot be predicted any better than can the autumn colors of today's green leaves. Though today the hot sun might prompt a day out by the pool, by tomorrow cool breezes could render sweaters and scarves necessary MarketWire

Metalico EVP/COO to Participate in Global Hunter Industry Forum
Michael J. Drury, Executive Vice President and Chief Operating Officer for PGM and Lead Operations of Metalico, Inc. (NYSE MKT: MEA), will represent the company at the Global Hunter Securities Industrials Day 1x1 Series in Chicago on August 23. MarketWire

Sunshine Heart Announces $20.125M Public Raise
Sunshine Heart, Inc. (NASDAQ: SSH) (ASX: SHC) announced today the pricing of its underwritten public offering of 2,875,000 shares of its common stock at a price to the public of $7.00 per share. The offering size has been increased from 2,500,000 shares to 2,875,000 shares MarketWire

Qualstar to Announce Fourth Quarter and Full Year Fiscal 2012 Results on August 16, 2012
Qualstar® Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, will announce fourth quarter and full year fiscal 2012 financial results after the market closes on Thursday, August 16, 2012. MarketWire

HHII Developing All Natural Home Cleaning Products Safe for Patients
Home Health International Inc. (PINKSHEETS: HHII), a Medicare-certified home health agency and durable medical equipment (DME) supplier, announced today that the Company is currently developing a line of natural home cleaning products. MarketWire

Glassdoor Announces Top 25 Companies for Work-Life Balance (2012)
In spite of the state of today's economy, many companies continue to invest in the healthy and balanced lifestyle of their employees. Glassdoor, the leading social jobs and career community, reveals the Top 25 Companies for Work-Life Balance(1), recognizing companies that offer the best balance between work and personal life MarketWire

WVT Communications Group Reports Second Quarter 2012 Financial Results
Warwick Valley Telephone Company (NASDAQ: WWVY), referred to as WVT Communications Group or the Company, the parent company of leading cloud communications pioneers, today announced financial results for its second quarter and six months ended June 30, 2012. Financial results and recent corporate development highlights include: MarketWire

Supertel Hospitality Reports 2012 Second Quarter Results
Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which currently owns 94 hotels in 23 states, today announced its results for the second quarter ended June 30, 2012. MarketWire

Ceradyne, Inc. Acquires Interest in Graphite Machining Services and Innovations, LLC
Ceradyne, Inc. (NASDAQ: CRDN) announced that it has acquired a minority interest with an option to acquire all of Tempe, Arizona-based Graphite Machining Services and Innovations, LLC (GMSI). GMSI has developed a proprietary method of applying a chemical vapor deposited (CVD) silicon carbide ceramic coating on precision machined graphite shapes MarketWire

Notice of Announcement Second Quarter Results
Signet Jewelers Limited ("Signet") (NYSE: SIG) (LSE: SIG), the largest specialty retail jeweler in the US and UK, intends to announce its results for the 13 and 26 weeks ended July 28, 2012 at 7.30 a.m. EDT on Thursday, August 23, 2012. MarketWire

American Community Development Group Inc. to Acquire Earthlinc Environmental Solutions, Inc.
American Community Development Group, Inc. (PINKSHEETS: ACYD) MarketWire

Highpower International, Inc. Reports Second Quarter 2012 Financial Results
Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium rechargeable batteries and battery solutions, today announced financial results for the second quarter ended June 30, 2012. MarketWire

Titan Pharmaceuticals Announces Second Quarter 2012 Financial Results
Titan Pharmaceuticals, Inc. (OTCBB: TTNP) today reported financial results for the second quarter ended June 30, 2012. MarketWire

Horizon Pharma Announces Second Quarter 2012 Financial Results and Provides Business Update
Horizon Pharma, Inc. (NASDAQ: HZNP) today provided an update on the Company's business and announced financial results for the second quarter and six months ended June 30, 2012. MarketWire

ePals to Present at the 32nd Canaccord Genuity Annual Growth Conference
ePals Corporation (TSX VENTURE: SLN), an education technology company and leading safe social learning network, will present at the 32nd Canaccord Genuity Annual Growth Conference being held at the InterContinental Hotel in Boston on August 14-16, 2012. ePals Management will present Tuesday, August 14, 2012 at 2:30pm Eastern Time. MarketWire

Sebastian River Holdings, Inc. Enters Into an LOI for a $152,110 Equity Purchase Agreement, Reports Debenture Portfolio Earnings, & Issues Corporate Update
Sebastian River Holdings, Inc. (PINKSHEETS: SBRH), a diversified financial holding company, today announced the Company has entered into a letter of intent ("LOI") for acquisition of a publicly traded equity portfolio valued at $152,110.00 (USD). The equity purchase agreement or "EPA" is to be finalized in a definitive agreement within 30 days and subject to customary terms and conditions MarketWire

Chevron Announces Detailed Cost Review for Australia's Gorgon LNG Project, an Industrial Info News Alert
Researched by Industrial Info Resources Australia (Perth, Australia) -- The Gorgon Liquefied Natural Gas (LNG) project is being developed in a nature reserve on Barrow Island in Western Australia by Chevron Australia Pty Limited (NYSE:CVX) (Perth, Australia). The large-scale LNG project was given the development go-ahead in September 2009 and was initially forecasted to cost about $39.17 billion MarketWire

ECRM: Drought Not Affecting July Food Prices
Efficient Collaborative Retail Marketing (ECRM®), a leader in business innovation and technology, analyzes promoted retail prices to help predict fluctuations in the economy and the retail industry overall MarketWire

New York's Ernesta Procope Named to Top 25 Living Legends of Insurance; Propertycasualty360 Profiles E.G. Bowman Founder
Ernesta Procope, a pioneering African-American businesswoman who transformed a tiny agency in the 1950s into today's powerhouse serving Fortune 500 companies from its Manhattan office, was named to's "Top 25 Living Legends of Insurance." MarketWire

Neuren Appoints Joseph Horrigan, M.D., as VP of Clinical Development and Medical Affairs
Neuren Pharmaceuticals Limited (ASX: NEU) is pleased to announce that Dr Joseph Horrigan has joined the company as Vice President of Clinical Development and Medical Affairs. Dr Horrigan most recently served as Assistant Vice President and Head of Medical Research at Autism Speaks, North America's largest autism science and advocacy organization MarketWire

RYU Closes Public Offering of Common Stock
Today, Respect Your Universe, Inc. (RYU) (OTCBB: RYUN),, a premium performance apparel and equipment company rooted in and inspired by Mixed Martial Arts, is pleased to announce that at the open of market on August 10, 2012, its common shares began trading on the TSX Venture Exchange (the "TSXV") under the symbol "RYU MarketWire

Security First International Holdings, Inc. aka GamesGamesGames Technology, Inc. Announces New Management Team
Security First International Holdings, Inc. aka GamesGamesGames Technology, Inc. (PINKSHEETS: SCFR) announces several significant changes to the corporate management team including the resignations of Mr. Garduno Chavez and Mr. James R. J. Scheltema as the Company's Board of Directors and officers MarketWire

Great American Group(R)* Announces Conference Call to Discuss Second Quarter 2012 Results
Great American Group, Inc. (OTCBB: GAMR) ("Great American Group" or the "Company"), a leading provider of asset disposition, valuation and appraisal services, today announced it will conduct a conference call to discuss its second quarter 2012 financial results on Tuesday, August 14, 2012 at 4:30 p.m. EDT. MarketWire

Conversion ratio interim stock dividend Nutreco 1 share for 97
Nutreco announces that the conversion ratio of the interim stock dividend has been determined. This will amount to 1 new ordinary share for every 97 existing ordinary shares. Based on the average weighted price of 8, 9 and 10 August 2012 of EUR 57.92 1/97th share represents a value of EUR 0.597, which is virtually equal to the gross dividend in cash of EUR 0.60 per ordinary share GlobeNewswire

Kværner ASA : New dividend policy and dividend proposal of NOK 0.53 per share
10 August 2012 - The Board of Directors of Kværner ASA has decided to amend the company's dividend policy to increase the visibility and predictability of dividends going forward. The new policy will be implemented with immediate effect. GlobeNewswire

Kværner ASA : Second quarter results 2012
10 August 2012 - Kvaerner had operating revenues of NOK 3 billion in the second quarter 2012. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 85 million, resulting in an EBITDA margin of 2.8 percent. The order backlog amounted to 23 billion, an increase of 12 billion since last quarter."The strong order intake of NOK 15 GlobeNewswire

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