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The Hain Celestial Group, Inc. (Nasdaq: HAIN) has acquired the business and assets of Para Laboratories, Inc. including the Queen Helene, Batherapy and Footherapy brands. Since 1930, Para Labs has offered skin care, hair care and body care products through drug stores, supermarkets and mass retailers. Para Labs’ product line complements Hain Celestial’s Jason natural and organic oral, body and hair care, Zia premium skin care and Earth’s Best baby body care in the fast-growing natural health and personal care products category. In its last fiscal year, Para Laboratories sales totaled approximately $20 million. The terms of the acquisition, which closed on March 3, 2006, were not disclosed. The transaction is expected to be accretive to Hain Celestial’s earnings during its fiscal year 2007. “I am excited about the great brands Para Labs adds to our growing portfolio of personal care products,” said Irwin D. Simon, President and CEO of The Hain Celestial Group. “The acquisition of these brands brings us closer to our objective to build a $100 million Personal Care business through internal growth and acquisitions, as this is our third acquisition in the personal care products category since June 2004. The distribution of these brands in chain […]
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GreenShift Corporation (OTCBB: GSHF) is investing in General Hydrogen Corporation, a company that specializes in battery replacement technology for electric forklifts, industrial vehicles and other off-road equipment. General Hydrogen, based in Richmond, BC, Canada, produces high-performance Hydricity Packs, which can triple electric industrial vehicle runtimes and raise productivity significantly. General Hydrogen’s business model is based on replacing conventional lead-acid batteries in centralized industrial applications with high-performance ‘plug and play’ power packs that contain a Ballard fuel cell. The main applications are for Class 1 forklifts and Automated Guided Vehicles. Frank Trotter, General Hydrogen’s President and CEO, said “General Hydrogen’s Hydricity Packs are entering the industrial vehicle market in the US right now and making sales. The potential market is huge in the US where material handling industries are keenly seeking technology that can reduce operational costs and increase efficiency. “The US installed base of electric forklifts is about 800,000 and double that in Europe with a robust infusion of new vehicles every year.” Kevin Kreisler, GreenShift’s Chairman and CEO, said “GreenShift invests in clean companies and technologies that leverage transformational environmental gains out of sustainable profits on relatively small infrastructure investments. These incremental, green shifts forward in both profit and […]
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Xantrex Technology Inc. (TSX:XTX) has reported financial results for the fourth quarter and year ended December 31, 2005. All currency amounts are reported in US dollars unless otherwise indicated, and financial results are reported in accordance with accounting principles generally accepted in Canada. Revenue for the fourth quarter and year-end 2005 was $37.1 million and $142.5 million, respectively, compared with $38.0 million and $143.1 million in the corresponding periods of 2004. For the year ended December 31, 2005, we reported earnings of $341,000, or $0.01 per diluted share, compared with earnings of $7.6 million, or $0.25 per diluted share, in 2004. “In 2005, we identified several important execution issues facing our business, which were impairing our growth and profitability,” said Mossadiq S. Umedaly, Xantrex’s Chairman. “After observing the performance of the first half of the year, we began to actively address these issues with initiatives designed to improve business performance starting with the appointment of John Wallace as interim Chief Executive Officer in August 2005. With the assistance of the executive committee of the board and the management team, John Wallace immediately began addressing the execution issues by establishing key initiatives designed to improve the business performance of the Company. […]
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Xantrex Technology Inc. (TSX:XTX) has reported financial results for the fourth quarter and year ended December 31, 2005. All currency amounts are reported in US dollars unless otherwise indicated, and financial results are reported in accordance with accounting principles generally accepted in Canada. Revenue for the fourth quarter and year-end 2005 was $37.1 million and $142.5 million, respectively, compared with $38.0 million and $143.1 million in the corresponding periods of 2004. For the year ended December 31, 2005, we reported earnings of $341,000, or $0.01 per diluted share, compared with earnings of $7.6 million, or $0.25 per diluted share, in 2004. “In 2005, we identified several important execution issues facing our business, which were impairing our growth and profitability,” said Mossadiq S. Umedaly, Xantrex’s Chairman. “After observing the performance of the first half of the year, we began to actively address these issues with initiatives designed to improve business performance starting with the appointment of John Wallace as interim Chief Executive Officer in August 2005. With the assistance of the executive committee of the board and the management team, John Wallace immediately began addressing the execution issues by establishing key initiatives designed to improve the business performance of the Company. […]
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GreenShift Corporation (OTCBB: GSHF) is investing in General Hydrogen Corporation, a company that specializes in battery replacement technology for electric forklifts, industrial vehicles and other off-road equipment. General Hydrogen, based in Richmond, BC, Canada, produces high-performance Hydricity Packs, which can triple electric industrial vehicle runtimes and raise productivity significantly. General Hydrogen’s business model is based on replacing conventional lead-acid batteries in centralized industrial applications with high-performance ‘plug and play’ power packs that contain a Ballard fuel cell. The main applications are for Class 1 forklifts and Automated Guided Vehicles. Frank Trotter, General Hydrogen’s President and CEO, said “General Hydrogen’s Hydricity Packs are entering the industrial vehicle market in the US right now and making sales. The potential market is huge in the US where material handling industries are keenly seeking technology that can reduce operational costs and increase efficiency. “The US installed base of electric forklifts is about 800,000 and double that in Europe with a robust infusion of new vehicles every year.” Kevin Kreisler, GreenShift’s Chairman and CEO, said “GreenShift invests in clean companies and technologies that leverage transformational environmental gains out of sustainable profits on relatively small infrastructure investments. These incremental, green shifts forward in both profit and […]
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Outraged world citizens today protested at Australian embassies and consulates in America, Canada, Japan and the United Kingdom to decry the destruction of old-growth forests and the undermining of democracy in the country’s island state of Tasmania by Forestry Tasmania and Gunns, Ltd., a rogue billion-dollar logging giant whose practices rank among the world’s worst according to recent reports. The IUCN compares Gunns’ operations to rampant illegal logging in the Third World. Demonstrators delivered a letter signed by leading international sustainability groups to Prime Minister John Howard demanding that the government act in accordance with scientific recommendations to protect Tasmania’s virgin forests from a well-documented arsenal of logging tactics deployed by Gunns and industry-controlled Forestry Tasmania. In the wake of massive clearcuts by Gunns, the industry routinely scorches the Earth with Napalm firebombs to eradicate all remaining life. Gunns has also killed hundreds of thousands of native mammals using carrots poisoned with Compound 1080, a lethal super-toxin listed as a biological weapon by both the Canadian and US governments. Gunns CEO John Gay has publicly stated that it is okay that his company kills endangered animals because “there’s too many of them.” Tasmania’s forests are currently being clear-cut at an […]
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The National Environmental Trust has joined with Massachusetts Attorney General Tom Reilly and 11 other states, three major metropolitan cities, one island government and several environmental groups in a historic Supreme Court challenge of the Environmental Protection Agency’s refusal to acknowledge greenhouse gases as air pollution. The coalition is asking the court to review a decision issued last year by the US Court of Appeals for the District of Columbia Circuit, in Commonwealth of Massachusetts vs. EPA. That ruling affirmed the EPA’s refusal to regulate global warming pollution from motor vehicles. The Appeals Court decision effectively ruled that declaring greenhouse gases as “pollution” would be too political. “The lower court’s blatant punting on global warming is a travesty. Despite the plain and simple language of the law the lower court refused to act,” said John Stanton, vice president for the National Environmental Trust. “It’s time for the nation’s highest court to correct the lower court and take on global warming.” Today’s petition claims that the EPA arbitrarily and capriciously concluded that the Clean Air Act does not provide the EPA authority to regulate greenhouse gas emissions. The petition states that the Supreme Court’s review “is necessary to prevent the agency […]
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