Delivery Technology Solutions, Inc. (Pinksheets:DTSL), is the leader in providing comprehensive custom-developed catering/delivery solutions to industries throughout North America, including restaurants, retail and others. The company’s solutions offer a seamless system that integrates Customer Relationship Management (CRM) and Call Center IT services through a proprietary technology backbone to offer convenience, consistent quality, flexibility, accountability and value for consumers and companies.
Delivery Technology Solutions, Inc. has completed participation at one of the largest restaurant franchisee conventions, held July 22-25, 2010. Its UDS division attended the convention by invitation of the leading franchisor, and was able to showcase its large corporate catering and event management delivery technology platform to many of the thousands of convention attendees, and a range of other potential partners in the industry and associated industries.
“This was our first opportunity to interact face-to-face on a large scale with franchisees from all across American, Canadian, European, Middle Eastern and Asian markets,” said Ryan Coblin, CEO. “We could shake their hands, explain the opportunities our solutions offer, answer their questions and sign them up for follow-up contacts.”
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates � AT&T operating companies � are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation�s fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services.
AT&T reported recently the grand opening of a new tPlace flexible workspace in Richardson, Texas that will allow AT&T employees who primarily work from home access to an office environment. The workspace allows team members to collaborate when needed and take advantage of the latest office technology and high-tech tools. The new tPlace location, located at 2270 Lakeside Blvd. in Richardson, is 4,000 square feet and gives mobile employees the flexibility to work when, where and how they can be most effective. The space features large open areas with specially crafted workstations that aim to optimize work efficiency for employees, enabling both individual and collaborative work.
Upon arrival at tPlace, employees find a touch screen virtual concierge that allows them to easily reserve conference rooms and office space or ask for assistance. The space features four small group conference rooms with surface level connectivity for cell phone or computer chargers, wireless chargers for smartphone devices, multi-tap group technology and corporate Wi-Fi.
Atlantic Power Corporation (NYSE:AT) has filed a preliminary prospectus in Canada and a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) with respect to an offering of convertible unsecured subordinated debentures (the “Debentures”) in Canada. The size and pricing of the Debenture offering and the final terms of the Debentures will be determined following clearance of the Canadian preliminary prospectus and U.S. registration statement by the applicable securities regulatory authorities. BMO Capital Markets is acting as sole bookrunner with respect to the offering of Debentures.
The Company also has filed a registration statement on Form S-1 with the SEC with respect to a concurrent public offering of common shares. The size and pricing of the Common Share offering will also be determined following clearance by the applicable securities regulatory authorities. UBS Investment Bank is acting as sole book-running manager for the offering of Common Shares.
Proceeds from these offerings will be used by the Company for repayment of approximately US$20 million borrowed under its revolving credit facility in June 2010 to partially fund previously-announced acquisition of a 27.6% equity interest in Idaho Wind Partners 1, LLC, and to fund a likely investment of up to US$75 million in the Piedmont Green Power biomass project in Barnesville, Georgia for substantially all of the equity interest in the project, which is currently in advanced discussions. Any remaining net proceeds will be used to fund additional growth opportunities and for general corporate purposes.
C&D Technologies, Inc. (NYSE:CHP) has filed a Notification of Late Filing, or Form 12b-25, with the Securities and Exchange Commission with regard to its Form 10-Q report for the Company’s Second Quarter Fiscal 2011. This allows the Company an additional five calendar days to file the Form 10-Q, which was otherwise due on September 9, 2010.
The Company performs an annual goodwill impairment test in the fourth quarter of its fiscal year for its one reporting unit. However, the Company believed that the presence of impairment indicators, such as its recent decrease in market capitalization and continuing operating losses, necessitated testing for impairment on an interim basis as of July 31, 2010. The Company will not be able to complete the required analysis to determine the amount of the goodwill impairment charge prior to the prescribed filing date without unreasonable effort or expense. As such, the Company is unable to file its second quarter report on Form 10-Q for the period ended July 31, 2010 by September 9, 2010. Therefore, the previously scheduled September 9, 2010 conference call has been postponed.
C&D Technologies, Inc. provides solutions and services for the switchgear and control (utility), telecommunications, and uninterruptible power supply (UPS), as well as emerging markets such as solar power. C&D Technologies’ engineers, manufactures, sells and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power in the event of primary power loss until the primary source can be restored.
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