Wednesday, June 12, 2013

Top 5 Electric Utility Companies To Watch In Right Now

In a previously announced strategic realignment to�provide capital to improve its balance sheet's flexibility while supporting future growth initiatives, real estate investment trust First Potomac Realty Trust (NYSE: FPO  ) announced that it has entered into two separate contracts�to sell a portfolio of 24 industrial properties for a total consideration of $259 million.

The properties represent approximately�4.3 million square feet, but the majority of the industrial space, or approximately 4 million square feet,�is being sold to an affiliate of Blackstone Real Estate Partners VII for $241.5 million. That�transaction is expected to close by the end of the second quarter of 2013 and is subject to customary closing conditions.

First Potomac Realty Trust�Chief Investment Officer�Nicholas Smith said, "Thus far, the process has met all our expectations in regards to pricing, as well as secured a well-capitalized, quality buyer with the ability to close in a short period of time with limited contingencies."

Top 5 Electric Utility Companies To Watch In Right Now: Active Control Technology Inc (ACT.V)

Active Control Technology Inc. engages in the design, manufacture, and marketing of wireless and fiber network solutions for mine communications, and commercial security and access control industries in Canada and the United States. Its products include ActiveMine, an integrated two-way voice communications and tracking network solution designed for harsh underground coal mining environments; and ActiveSecure, a family of wireless products for the access control industry that are used by security professionals for interior and exterior entry points, intrusion systems, and other building monitoring controls. The company is also involved in the design, manufacture, and integration of wireless battery equipped mobile platforms, including carts and other custom platforms that are used to cut the cord in retail settings, manufacturing processes, distribution centers, and hospitals. Active Control Technology Inc. is based in Mississauga, Canada.

Top 5 Electric Utility Companies To Watch In Right Now: Magyar Bancorp Inc.(MGYR)

Magyar Bancorp, Inc. operates as the bank holding company for Magyar Bank, which provides various banking products and services in New Jersey. The company?s deposit products include demand accounts, savings accounts, now accounts, money market accounts, certificates of deposit, and retirement accounts. Its loan portfolio comprises residential mortgage loans, commercial real estate loans, construction loans, commercial business loans, home equity lines of credit, and consumer loans. The company also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers. As of September 30, 2009, it operated five branch offices, including two in New Brunswick, and one each in North Brunswick, South Brunswick, and Branchburg, New Jersey. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsi diary of Magyar Bancorp, MHC.

Top Long Term Companies To Own In Right Now: Infinity Alliance Ventures Inc (TCF.V)

CBM Asia Development Corp., an exploration stage company, engages in the exploration and development of oil and gas properties in Indonesia. It holds a right to earn an 18% participating interest in a production sharing contract (PSC) for coalbed methane (CBM) on an 83,000 hectares block located in the Kutai Basin of east Kalimantan; and a 12% participating interest in a PSC for CBM on the 58,035 hectares kilometers Sekayu block located in the South Sumatra Basin. The company also holds interest in the Hulu and Besar projects. CBM Asia Development Corp. is based in Vancouver, Canada.

Top 5 Electric Utility Companies To Watch In Right Now: Teryl Resources Corp. (TRC.V)

Teryl Resources Corp., an exploration stage company, engages in the acquisition, exploration, and development of natural resource properties; and acquisition, drilling, and development of oil and gas properties. It primarily explores for gold ores. The company holds a 100% interest in the Westridge property that consists of 53 state mining claims covering approximately 5,200 acres located in the Dome Creek area of the Fairbanks district of Alaska; a 50% option interest in the Fish Creek property located in the Fairbanks district of Alaska; a 1% royalty interest in the Gil property in Fairbanks, Alaska; a 10% net profit interest in the Stepovich claims, near the Fort Knox deposit; and a 40% interest in a silver property located in northern British Columbia. It also has revenue interest in three producing oil and gas wells in Texas. The company was formerly known as Candy Mountain Gold Corporation and changed its name to Teryl Resources Corp. in February 1984. Teryl Resource s Corp. was incorporated in 1980 and is based in Richmond, Canada.

Top 5 Electric Utility Companies To Watch In Right Now: Pacific Mercantile Bancorp(PMBC)

Pacific Mercantile Bancorp operates as the holding company for Pacific Mercantile Bank that provides banking services to small and medium-size businesses, professionals, and the general public primarily in Orange, Los Angeles, San Bernardino, and San Diego counties of California. It offers various deposit products that include noninterest-bearing and interest-bearing checking accounts, money market and savings deposits, and certificates of deposit. The company?s loan portfolio comprises commercial loans, including short-term secured and unsecured business and commercial loans; commercial real estate loans; residential mortgage loans; real estate construction and land development loans; consumer loans, including personal installment loans, lines of credit, credit cards, and loans to high net-worth individuals for estate planning; credit lines; accounts receivable and inventory financing; and SBA guaranteed business loans. Its business banking services include multiple acco unt control, account analysis, transaction security and verification, wire transfers, bill payment, payroll, lock box, and automated clearinghouse origination services; and convenience banking services consists of Internet banking, automated teller machine, night drop, courier and armored car, and remote deposit capture services. As of August 15, 2011, Pacific Mercantile Bancorp operated seven financial centers in Southern California, including four in Orange County; one each in Los Angeles and San Diego Counties; and one in the Inland Empire in San Bernardino County. The company was founded in 1998 and is headquartered in Costa Mesa, California.

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