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Hanger Orthopedic Group Inc. (NYSE:HGR) announced net sales of $234.8 million for the quarter ended June 30, 2011, an increase of $29.0 million, or 14.1%, from $205.8 million for the second quarter of 2010. Diluted earnings per share were $0.45 for the second quarter of 2011, a 50.0% increase compared to $0.30 in the same period in 2010. Excluding costs related to the relocation of corporate headquarters, adjusted earnings per diluted share increased 21.6% to $0.45 for the second quarter from $0.37 for the second quarter of 2010.

Hanger Orthopedic Group, Inc. engages in the ownership and operation of orthotic and prosthetic (O&P) patient-care centers in the United States.

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Cleantech Transit Inc (CLNO)

Biomass energy is another form of renewable energy source and it is derived from living or dead organisms like plants, waste and alcohol mostly. Biomass energy is getting widespread popularity nowadays.

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.

Biomass energy source is most often derived from plants either to generate electricity or to produce heat. The biomass is used and produced throughout the world. It is the most inexpensive way of producing electricity. So far it looks like an inexhaustible natural resource.

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).

For more information about CLNO, visit www.cleantechtransitinc.com

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The Ibero-America Fund, Inc (NYSE:SNF), a registered closed-end investment company, announced earnings for the second quarter ended May 31, 2011. Total net assets of the Fund on May 31, 2011 were $71,311,603 compared with $69,293,175 on February 28, 2011 and $54,061,113 on May 31, 2010. On May 31, 2011 the net asset value per share was $8.01 based on 8,905,699 shares outstanding.

The Ibero-America Fund, Inc is a close ended equity mutual fund launched and managed by AllianceBernstein L.P. It invests in public equity markets of Spain.

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Developers Diversified Realty Corporation (NYSEDR) announced operating results for the quarter ended June 30, 2011. Reported operating FFO of $0.23 per diluted share, which excludes certain non-operating items. Continued strong leasing performance with the execution of 483 total leases and renewals for over 2.5 million square feet. Increased the portfolio leased rate to 93.0% at June 30, 2011 from 92.6% at March 31, 2011 and 91.9% at June 30, 2010. Generated positive leasing spreads, with new leases at 10.8% and renewals at 4.9% for a blended overall spread of 6.0%, which represents a continued improvement from the blended spread of 5.4% in the first quarter of 2011 and the blended spread of 3.9% in the second quarter of 2010.

Developers Diversified Realty Corporation (DDR) operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls, and lifestyle centers.

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Legg Mason Inc. (NYSE:LM) reported its operating results for the first fiscal quarter ended June 30, 2011. The Company reported net income of $60.0 million, or $0.40 per diluted share, as compared with $69.0 million, or $0.45 per diluted share, in the previous quarter and $47.9 million, or $0.30 per diluted share, in the first quarter of fiscal 2011. In the quarter, Legg Mason raised $599 million through a closed-end fund launch which resulted in $11.4 million, or $0.05 per diluted share, in related expenses. Also included in this quarter's results were $13.7 million, or $0.06 per diluted share, in transition-related costs as compared to $15.7 million, or $0.07 per diluted share, of such costs in the previous quarter, and $3.2 million, or $0.01 per diluted share in first quarter of fiscal 2011. Adjusted income(2), for the first quarter was $109.1 million, or $0.73 per diluted share, as compared to $117.7 million, or $0.77 per diluted share, in the fourth quarter of fiscal 2011 and $96.3 million, or $0.60 per diluted share, in the first quarter of fiscal 2011. For the first quarter, operating revenues were $717.1 million, up 1% from $713.4 million in the prior quarter and up 6% from $674.2 million in the prior year quarter. Operating expenses of $616.7 million were up slightly, from $614.3 million in the fourth quarter of fiscal year 2011 and were up 8% from $571.4 million in the prior year quarter.

Legg Mason, Inc., through its subsidiaries, operates as an asset management company worldwide. The company provides investment management and related services to institutional and individual clients; company-sponsored mutual funds; and other pooled investment vehicles.



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