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(HOFT, CLNO, SGAE, PRFT, CDZI) Stocks in Review by PennyGovernance.com

By The News Desk - In Hot News - At May 31, 11 04:43 PDT -25200

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Hooker Furniture Corp. (Nasdaq:HOFT) will present its fiscal 2012 first quarter results via teleconference and live internet web cast on Wednesday morning, June 8th, 2011 at 9:00 AM Eastern Time. The dial-in number for domestic callers is 877-665-2466, and 678-894-3031 is the number for international callers. Hooker Furniture’s 2012 first quarter began on January 31, 2011 and ended on May 1, 2011. The call will be simultaneously web cast and archived for replay on the Company’s web site at www.hookerfurniture.com in the Investor Relations section.

Hooker Furniture Corporation, together with its subsidiaries, designs, imports, develops, and markets residential wood, metal, and upholstered furniture products in North America. The company offers wood furniture products, including home entertainment, home office, accent, dining, bedroom, and bath furniture under the Hooker Furniture brand; and youth furniture under the Opus Designs by Hooker brand. It also offers motion and stationary leather furniture, and occasional chairs.

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http://pennyomega.com/img/clno.jpgCleantech Transit, Inc. (CLNO)

Cleantech Transit, Inc. is in the business of producing and conserving power. They produce and sell clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit, Inc goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.

Biomass Energy has long been neglected and underappreciated as a source of clean and green energy due to the convenience and cheapness of fossil fuels. However that is changing and with technology advancements in biomass energy production, it is getting more attention. Biomass Energy is growing at a rapid pace though not as fast as wind and solar power. However its use in reducing GHG emissions and as a viable sustainable source of energy is undeniable. Biomass Energy can use a large variety of feedstock such as wood pellets, rice husk, biogases etc. Biomass Energy is an Efficient Process which results in the use of mostly animal and crop waster which would be converted into carbon dioxide anyway. To use to as energy before the conversion is an important use of the millions of tons of waste that is generated by human activities.

Cleantech Transit Inc. recently announced that the previously announced 500 KW biomass gasification facility located in Merced, California has successfully passed its interconnection tests and is now connected to the utility distribution grid.

The gasification technology uses a non-combustion process to convert Ag and other woody residues into a hydrogen rich gas (”syngas”), which is then converted into electricity, along with heat and biochar (a useful byproduct that captures carbon in solid form and can be used as a soil amendment).

The Phoenix Energy technology used in Merced essentially cooks the biomass in an oxygen-deprived environment to release the elemental gasses from the wood. In the process biomass is converted into a carbon rich biochar. With the carbon fixed in solid form this process not only provides a valuable soil amendment but also serves as a source of carbon sequestration.

The Merced plant is expected to produce enough electricity to power about 400 homes. The plant connected to the electricity grid under California’s feed-in-tariff with a 15-year power purchase agreement.

For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com

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sgae_logo_250x52SIGA RESOURCES, INC. (SGAE)

The modern uses of gold are as following:

o Gold leaf is used in some cocktails and Goldwasser a traditional German herbal liqueur. As you can imagine these are very expensive drinks!
o Gold solder is used to join gold in pieces of jewelry.
o Gold is made into thread and used in embroidery on clothing.
o It is used to color glass and ceremics. It gives the product a red finish.
o It was also used in developing photography to give red tones.
o It is used as a reflector of electromagnetic radiation on satellites, thermal protection suits and astronauts helmets.
o It is used in some automobiles such as formula one racing cars for heat dissipation.
o Gold is used in some aircraft cockpit windows for de-icing or anti-icing by passing electricity through it. The heat produced by the resistance of the gold is enough to deter ice from forming.
o Gold is used in electrical wiring due to its high conductivity and resistance to corrosion, particularly in products where high humidity is experienced such as computers and communication equipment.
o It is also used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.
o Gold is used in glass to reflect the solar radiation outwards instead of allowing it to pass into a building.

SIGA RESOURCES, INC. (SGAE) recently announced that Siga has come to an agreement with Big Rock Resources Ltd. whereby the two companies will develop the Lucky Thirteen gold placer claim under a 50/50 joint venture.

Big Rock Resources Ltd. (1BR.F, ISIN CA0894851066, WKN A1JJYB www.bigrockresources.com) has agreed to fund the initial evaluation program for $400,000 USD, and provide funding up to $8.5 million USD to place the property in full production.

The partners will operate Lucky Thirteen under a Joint Venture company, Lucky 13 Mining Company Ltd., owned 50/50 by Siga and Big Rock. Lucky 13 Mining Company Ltd. will be the operator.

Siga has already secured the initial operating permits for the necessary rail crossing and initial test mining. Siga is currently constructing the washing and initial process plant to be used in the evaluation program.

Siga’s President Ed Morrow said that “Siga is most pleased to have Big Rock Resources as a Joint Venture Partner. The combined power of the partnership will facilitate the rapid development of a production operation at Lucky thirteen.”

For more information please visit: http://www.sigaresourcesinc.com

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Perficient Inc. (Nasdaq:PRFT) announced the renewal of its credit facility agreement. The new agreement with Silicon Valley Bank, U.S. Bank and Bank of America extends through May 2015 and replaces the agreement set to expire in May 2012. This new bank facility provides access to up to $75 million in borrowing capacity on attractive terms. That, combined with the fact that we have no debt, $20.8 million in cash on hand as of March 31, 2011, and strong annual operating cash flows provides us the flexibility to continue to finance our strategic acquisition program in the years ahead, said Perficient chief financial officer Paul E.

Perficient, traded on the Nasdaq Global Select Market(SM), is a member of the Russell 2000® index and the S&P SmallCap 600 index. Perficient is an award-winning “Premier Level” IBM business partner, a TeamTIBCO partner, a Microsoft National Systems Integrator and Gold Certified Partner, a Documentum Select Services Team Partner, and an Oracle Platinum Partner. For more information, please visit www.perficient.com.

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Cadiz Inc. (Nasdaq:CDZI) announced the release of a report by prominent economist John E. Husing, Ph.D. which found that the Cadiz Valley Water Conservation, Recovery and Storage Project (”Project”) would create and support over 5,900 jobs, generate more than $878 million in economic activity over its two phases, and infuse tens of millions in tax revenue to local governments. The Project is designed to provide renewable local groundwater to Southern California communities by building a wellfield and pipeline on privately owned land to deliver water to the Colorado River Aqueduct. A second phase of the Project would provide approximately one million acre-feet of underground storage for imported water.

Founded in 1983, Cadiz Inc. is a publicly-held renewable resources company that owns 70 square miles of property with significant water resources and clean energy potential in eastern San Bernardino County, California. The Company is engaged in a combination of water supply and storage, organic farming and solar energy projects. In 2009 Cadiz adopted a wide-ranging “Green Compact” to implement environmental conservation and sustainable management practices at its properties. For more information about Cadiz, visit www.cadizinc.com.

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