QAD Inc. (Nasdaq:QADA) a leading provider of enterprise software and services for global manufacturing companies, today reported financial results for the fiscal 2012 first quarter ended April 30, 2011. Total revenue grew 17% to $59.4 million for the first quarter of fiscal 2012, compared with $50.8 million for the first quarter of fiscal 2011. For the fiscal 2012 first quarter, license revenue totaled $6.3 million, compared with $5.8 million for the fiscal 2011 first quarter. Maintenance and other revenue was $34.3 million, versus $31.5 million for the first quarter of fiscal 2011. Professional services revenue was $16.5 million, compared with $12.3 million for the first quarter of fiscal 2011. Subscription revenue, which includes QAD’s on demand deployment option, was $2.2 million, compared with $1.1 million for last fiscal year’s first quarter. For comparative purposes, revenue results by category for the prior year period have been recast to enable the presentation of subscription revenue in that period.

QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life science products. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time.

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HONDO MINERALS CORP (HMNC)

Gold is used in many industries such as electronics, medicine and energy in addition to being used in many consumer products such as jewellery, cosmetics and consumer electronics. Aside from these uses it also plays an important role in economies throughout the world both historically and in the present. In the past it has been used by many countries as a form of currency and it is still very much traded as a commodity on the market.

Because gold has played an important role in the economies of the world and present day trading, how gold is weighed is very important. Having standard weights allows for easier trading and builds confidence in gold which is essential to a fluid gold market.

Hondo Minerals Corporation is engaged in the acquisition of mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves of precious metals or non-ferrous metals.

Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was the largest producing silver mine in Arizona history. The Tennessee Mine operated from the late 1800’s until 1947 producing lead, zinc, gold and silver. The Company also owns numerous other mining claims in the US Southwest, which are being evaluated for additional reserves.

HONDO MINERALS CORP (HMNC) is pleased to announce that it has recently closed an oversubscribed private placement. The private placement to date has received subscription agreements in excess of $3.5 million dollars. The private placement was originally set for $ 1 million dollars, however, the board approved the company to increase its offering up to $4 million.

Hondo has invested the funds in acquiring processing equipment and plans to use the remaining proceeds to: (i) Engage a Geologist to begin a 43 C101 report on the Tennessee Mine property; (ii) apply for a listing on the American Stock Exchange; and (iii) continue the resource conversion program presently under way at the Tennessee Mine property in Chloride, Arizona.

William R. Miertschin Chairman and CEO of Hondo Minerals says, “The investment response to the private placement was overwhelming and I am so happy that we were able to raise the funds quickly”

Mr. Miertschin went on to say, “As you have heard through past company announcements, we have allocated much of the funding towards processing equipment for Tennessee. This along with all other actions of Hondo should demonstrate to shareholders that we are confident in our property and we look transitioning from a development stage company to a revenue generating business within the nearing weeks.”

For more information please visit: www.Hondominerals.com

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Cleantech Transit, Inc. (CLNO)

Electricity is a very essential aspect for any modern society, but we also need fuel to produce it. Some questions bring us to the importance of biomass as new energy resources.

Biomass is a word often used to explain natural, biological objects that can be used as a fuel to generate energy. Biomass is a common term that may consist of many sorts of fuels, like ethanol generated from waste. The electricity of biomass outputs can be utilized as fuel to power different things from homes to industry, and when properly explored and utilized, biomass will absolutely reduce the world’s use of fossil fuels and other harmful energy sources.

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 can generate shareholder returns as well benefit the Company’s manufacturing clients worldwide. Cleantech Transit Inc. is in the business of producing and conserving power. It produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind.

Cleantech Transit, Inc. (CLNO) is pleased to announce 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, visit www.cleantechtransitinc.com.

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Essa Bancorp, Inc. (Nasdaq:ESSA) announced that its Board of Directors has authorized a fourth stock repurchase program to purchase up to an additional 5% of its outstanding shares. The Company will repurchase the shares from time to time for cash in open market transactions or in privately negotiated transactions in accordance with applicable federal securities laws.

ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company’s deposit products include savings accounts, NOW accounts, checking accounts, money market accounts, club accounts, certificates of deposit, individual retirement accounts, and other qualified plan accounts, as well as commercial checking accounts for businesses.

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K-Swiss Inc. (Nasdaq:KSWS) announced a multi-year agreement with Life Time Fitness, The Healthy Way of Life Company, under which K-Swiss will serve as the exclusive footwear and apparel provider for Life Time Run, Life Time’s running programs and events business. Additionally, K-Swiss has been named the official footwear and apparel sponsor of more than 30 Life Time Endurance events nationally, including the Life Time Triathlon Series, SheROX Women’s Triathlon Series, Leadville Race Series Half Marathon, Torchlight 5k, Holiday Run Series, Indoor Triathlon and Life Time Triathlon Multi-Sport Expo events.

Founded more than forty years ago in Van Nuys, California, K-Swiss introduced the first all-leather tennis shoe, the K-Swiss “Classic” in 1966. Since its inception, K-Swiss has rooted itself in California Sport with an aim to be the most inspiring and innovative sports brand in the market. Today the company offers performance and lifestyle footwear and apparel for several categories under its California Sports umbrella including Tennis Heritage, California Fit (Running, Triathlon and Fitness) and California Youth. K-Swiss also designs, develops and markets footwear under the Palladium brand, and owns the FORM Athletics brand. For more information about K-Swiss, visit www.kswiss.com.

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