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(CAP, CLNO, KEM, TSS, ENR) Stock Updates by Stock-PR.com

July 28th, 2011 at 11:19 am

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CAI International Inc. (NYSE:CAP), one of the world's leading lessors of intermodal freight containers, reported results for the second quarter of 2011. CAI reported net income attributable to CAI common stockholders for the second quarter of 2011 of $0.55 per fully diluted share, a 77% increase compared to $0.31 per fully diluted share for the second quarter of 2010. Container rental revenue for the second quarter of 2011 increased 77% compared to the second quarter of 2010 and 10% compared to the first quarter of 2011. Average owned fleet per diem rates per TEU for the second quarter of 2011 increased by 31% compared to the second quarter of 2010. Average fleet utilization for the second quarter of 2011 was 98%, the same as the first quarter of 2011. Net income attributable to CAI common stockholders was $10.9 million for the second quarter of 2011, compared to $5.7 million for the second quarter of 2010, an increase of 92%.

CAI International, Inc., together with its subsidiaries, engages in the intermodal marine cargo container leasing business worldwide. The company leases, re-leases, and disposes containers, as well as contracts for the repair, repositioning, and storage of containers.

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Cleantech Transit Inc (CLNO)

Biomass consists of all forms of animal and plant organic matters: wood/dead plants, animal remains, leaves, living plants, vegetable oils, wastes from agricultural, residential and industrial sources and so on. Biomass is different from fossil fuels, even though they are both from plant and animal matters. While scientists believe that fossil fuels come from matters that have undergone numerous changes over several millions of years, biomass originates from recently dead or living plant and animals.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc 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).

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 CLNO, visit www.cleantechtransitinc.com

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KEMET Corporation (NYSE:KEM) reported preliminary results for the first fiscal quarter ended June 30, 2011. Net sales for the quarter ended June 30, 2011 were $289.9 million, which is an 18.9% increase over the same quarter last fiscal year and a 10.9% increase over the quarter ended March 31, 2011. On a U.S. GAAP basis, net income was $31.8 million, or $0.61 per diluted share for the first quarter of fiscal year 2012 compared to a net loss of $20.1 million or a $0.74 loss per basic and diluted share for the same quarter last year. The first quarter of fiscal year 2012 includes $1.0 million of restructuring charges primarily associated with the relocation of equipment, and $0.8 million in acquisition related expenses and stock registration related fees. The first quarter of fiscal year 2011 included a $38.2 million non-cash loss on early extinguishment of debt and $1.8 million of restructuring charges primarily associated with the relocation of equipment.

KEMET Corporation, together with its subsidiaries, manufactures and sells capacitors worldwide. Its products include tantalum, multilayer ceramic, film, electrolytic, paper, and solid aluminum capacitors.

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Total System Services, Inc. (NYSE:TSS) reported results for the second quarter of 2011 with total revenues of $447.6 million, an increase of 3.9% over 2010. Excluding a 2010 termination fee, total revenues were up 6.2%. Basic earnings per share from continuing operations were $0.28, an increase of 10.1% over 2010, and increased 25.4% excluding the 2010 termination fee.

Total System Services, Inc. provides electronic payment processing and other services to card-issuing and merchant acquiring institutions.

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Energizer Holdings Inc. (NYSE:ENR) announced results for the third fiscal quarter and the nine months ended June 30, 2011. Net earnings for the quarter were $65.9 million, or $0.94 per diluted share, versus net earnings of $104.0 million, or $1.47 per diluted share in the third fiscal quarter of 2010. Net earnings for the nine months ended June 30, 2011, were $215.4 million, or $3.04 per diluted share versus net earnings of $318.2 million, or $4.51 per diluted share, in the same period last year.

Energizer Holdings, Inc. manufacturers and sells primary batteries, portable lighting, and personal care products worldwide.



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