Borders Group (PINK:BGPIQ) is closing sales begin Feb 19 at 200 borders locations in 35 states and Puerto Rico. Under authority of the U.S. Bankruptcy Court, store closing sales will begin on Saturday, February 19th at 200 book stores in 35 states and Puerto Rico. Over $350 mln of inventory including books, magazines, music and movie media, calendars, posters and more will be liquidated. Discounts from 20% to 40% with limited exceptions are offered on all merchandise at every closing location.
Borders Group, Inc. (Borders) is an operator of book, music and movie superstores and mall-based bookstores. As of January 30, 2010, Borders operated 511 superstores under the Borders name, including 508 in the United States and three in Puerto Rico. It also operated 175 mall-based and other small format bookstores, including stores operated under the Waldenbooks, Borders Express and Borders Outlet names, as well as 29 Borders-branded airport stores.
Yingli Green Energy (NYSE: YGE) beats GAAP ests by $0.08, beats on revs Reports Q4 (Dec) GAAP earnings of $0.52 per share, $0.08 better than the Thomson Reuters GAAP consensus of $0.44; revenues rose 66.2% year/year to $616.1 mln vs the $546.4 mln consensus. Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the co expects its PV module shipment target to be in the estimated range of 1,700-1,750 MW for fiscal year 2011, which represents an increase of 60.1-64.8% compared to fiscal year 2010.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (PV) product manufacturer. The Company designs, manufactures and sells PV modules, and designs, assembles, sells and installs PV systems. The Company sells PV modules under its own brand names, modules, and design, assemble, sell and install PV systems.
Amtech Systems (NASDAQ:ASYS) reaffirms Q2, FY11 rev guidance (ASYS) 24.83 : Co reaffirms Q2 rev of $55-60 mln vs. the $58 mln consensus; reaffirms FY11 rev to surpass $230 mln vs. the $234 mln. Amtech also continues to see an active and healthy order pipeline.
Amtech Systems, Inc. (Amtech), incorporated in October 1981, through its wholly owned subsidiaries, supplies horizontal diffusion furnace systems used for solar (photovoltaic) cell and semiconductor manufacturing. The Company provides products and services to two industries: the solar industry and the semiconductor industry.
US Gold Corp. (NYSE:UXG) discloses public offering of 15 mln shares priced at $6.11 per share (UXG) 6.85 : On February 17, 2011, US Gold Corporation entered into an underwriting agreement with Dahlman Rose & Company, GMP Securities L.P., Scotia Capital Inc. and Stifel Nicolaus and Co. The Underwriting Agreement relates to the issuance and sale in a public offering by US Gold of up to 15 mln shares of its common stock, no par value per share.
US Gold Corporation (US Gold) is an exploration-stage company. The Company is engaged in the exploration for gold, silver, and other valuable minerals. It holds interests in several exploration properties in the State of Nevada and its properties in Sinaloa State, Mexico. The Company operates in two segments: Nevada and Mexico.
Gaga Holdings Limited (NASDAQ:GAGA) announced that the Company has reached agreements with local villagers' committees in the cities of Putian and Quanzhou in Fujian Province, China for the lease of 3,950 mu of arable land.
Le Gaga Holdings Limited engages in cultivating, processing, and distributing vegetables. Its product offerings include leafy vegetables, such as flowering Chinese cabbage (choi sum), baby bok choy, and baby Chinese cabbage; solanaceous vegetables comprising eggplants, tomatoes, sweet peppers, pumpkins, carrots, and cucumbers; cruciferous vegetables consisting of broccoli and Chinese cabbage; and root vegetables, including potato and radish.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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