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Home > (STEL, CRWE, ABVA, CLNO, MBLX) Stock Report from PennyGovernance.com

(STEL, CRWE, ABVA, CLNO, MBLX) Stock Report from PennyGovernance.com

July 29th, 2011 at 12:00 pm





StellarOne Corporation (Nasdaq:STEL) reported second quarter 2011 earnings of $4.0 million and net income available to common shareholders, which deducts the dividends and discount accretion on preferred stock from net income, of $3.3 million, or $0.14 net income per diluted common share. Those results compare to net income available to common shareholders of $1.1 million, or $0.05 net income per diluted common share during the same quarter in the prior year, and net income to common shareholders of $2.4 million, or $0.11 net income per diluted common share for the first quarter of 2011. Credit quality continued to improve during the second quarter, as evidenced by a favorable trend in nonperforming loans and overall nonperforming assets.

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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Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

Crown Equity Holdings Inc. 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. 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, 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.

Advantages of Internet Advertising are:
Global audience.
No restriction for the location.
Less expensive than any other media.
Trouble-free.
Time saving.
Instant promotion.

For more information, please visit their website: http://www.crownequityholdings.com

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Alliance Bankshares Corporation (Nasdaq:ABVA) on July 27, 2011, Eagle Bancorp, Inc. (Nasdaq:EGBN), the parent company of EagleBank , and Alliance Bankshares Corporation (Nasdaq:ABVA) announced that Eagle, Alliance and Alliance's wholly owned subsidiary, Alliance Bank Corporation ("Alliance Bank") have entered into a definitive merger agreement (the "Agreement"), pursuant to which Alliance will be merged into Eagle with Eagle being the surviving corporation and all of the outstanding shares of Alliance will be converted into shares of Eagle. Alliance has approximately $536 million in assets and $412 million in deposits. The merger will accelerate Eagle's growth in Northern Virginia with the addition of Alliance's 6 branches, which are all located in the attractive Northern Virginia market.

Alliance Bankshares Corporation operates as the holding company for Alliance Bank Corporation that provides commercial and retail banking products and services in the United States.

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Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

The technology used by Phoenix Energy to turn your waste from industry agriculture and forestry into power has many environmental benefits. Phoenix Energy is deeply committed to their customers both in reducing their costs of operation and in helping them be good corporate citizens, having a positive impact on the environment. By installing wood waste gasification systems, customers help to: Reduce greenhouse gas emissions. Reduce the amount of toxic pollutants in the atmosphere. Save landfill space from taking up more of our landscape and Reduce groundwater Contaminants. Improve energy security and reduce dependence on foreign sources of energy.

The advantages of biomass energy include methane reduction. Methane causes even more greenhouse effect than carbon dioxide, so its release into the atmosphere is cause for concern. Decomposition of organic matter releases methane. Capturing this methane yields energy while protecting the atmosphere. The animal industry and landfills produce significant amounts of methane. This is an excellent opportunity to use biomass to good effect. We can now harvest this gas and put it to good use.

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

For more information about Cleantech Transit Inc. visit: www.cleantechtransitinc.com.

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Metabolix, Inc. (Nasdaq:MBLX) and CJ CheilJedang (CJ) announced the execution of a joint development agreement to advance production technology and assess investment options for the commercialization of renewable C4 chemicals via fermentation. The C4 chemical market is a $3 billion industry growing at 4 percent per year. C4 chemical products are used in a wide range of applications including engineering plastics, fabrics and fibers, personal care products and in semiconductor manufacturing.

Metabolix, Inc., a bioscience company, develops and commercializes alternatives to petrochemical-based plastics, chemicals, and energy.

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