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(WAC, CLNO, GHM, PWRM, HUSA) Stocks in Action by PennyGovernance.com

By The News Desk - In Hot News - At Jun 30, 11 03:17 PDT -25200

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Walter Investment Management Corp. (AMEX:WAC) announced the closing of a private placement of $102 million of residential mortgage backed notes issued by WIMC 2011-1 (the “Trust”), a newly formed statutory trust sponsored by Walter Investment.

Walter Investment Management Corp., a real estate investment trust (REIT), operates as a mortgage portfolio owner and mortgage servicer, specializing in sub prime, non-conforming, and other credit challenged residential loans primarily in the southeastern United States.

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http://pennyomega.com/img/clno.jpg Cleantech Transit Inc. (CLNO)

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 that can maximize shareholder value. 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).

Cleantech Transit, Inc. 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 approximately June 30th. 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 can be used for direct heating (such as burning wood in a fireplace or wood stove), for generating electricity, or can be converted directly into liquid fuels to meet transportation energy needs.

When using energy from sources that are easily replaced, you are using renewable energy. Examples are the use of sunshine, wind, flowing water, biological- and geothermal processes. They are often described as clean and green forms of energy because of their minimal environmental impact compared to fossil fuels. One advantage of renewable energy therefore is the more sustainable use of finite sources of energy.

For more information please visit official website of CLNO: http://www.cleantechtransit.com

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Graham Corp. (AMEX:GHM) announced that it has been awarded two orders totaling $4.7 million. One of the orders is for a vacuum system for an oil refinery under construction in the Middle East, with delivery planned for Graham’s first quarter of fiscal 2013, which ends June 30, 2012. The second order is for a steam surface condenser in a cogeneration plant in the United States, with an expected delivery in Graham’s fourth quarter of fiscal 2012, a period ending March 31, 2012.

Graham Corporation engages in the design, manufacture, and sale of vacuum and heat transfer equipment worldwide. Its products include steam jet ejector vacuum systems; surface condensers for steam turbines; vacuum pumps and compressors; various heat exchangers, including helical coil heat exchangers marketed under the Heliflow name; and plate and frame exchangers.

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power3 Power3 Medical Products, Inc (PWRM)

Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).

People who have Alzheimer’s disease have abnormal deposits of a protein called beta-amyloid. Abnormal structures called plaque are formed from a combination of destroyed nerve cells and the beta-amyloid. Tangles of nerve fibers are formed from abnormal nerve cells along with a type of protein called TAU. As the tangles and plaque develop, nerve cell connections are reduced. The elimination of nerve cell connections causes damage to certain pathways in the brain. These pathways are essential for thinking, learning, and memory.

People who have Alzheimer’s disease have smaller brains than the normal population. They also have lower amounts of a neurotransmitter called acetylcholine. This chemical is essential for memory and thinking.

The NuroPro Blood Test is Power3 Medical’s diagnostic tool for the early detection of Neurodegenerative diseases. The analysis is designed as a tool for physicians to diagnose various degenerative diseases of the brain and nervous system. The test involves monitoring the concentration of 59 proteins in blood serum to accurately detect and distinguish between Alzheimer’s disease, ALS (Lou Gehrig’s disease), and Parkinson’s disease. Early detection of these diseases will allow physicians to intervene at an early stage to delay disease progression, potentially allowing patients to outlive their debilitating symptoms.

The NuroPro Test is currently in the development stages. The company has completed proof-of-concept and clinical validation studies, with results exceeding expectations. Currently, Power3 Medical has commenced a three hundred patient clinical validation study of its NuroPro diagnostic test for Alzheimer’s disease and Parkinson’s disease.

Power3 Medical applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 Medical has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer’s, Parkinson’s, and ALS diseases, for which it is currently engaged in Phase II clinical trials.

These tests are designed to analyze an individual’s proteins to detect the presence of disease, a patient’s disease progression, a patient’s response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.

Power3 Medical Products, Inc please visits their website: http://www.power3medical.com.

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Houston American Energy Corp. (AMEX:HUSA) announced that a drilling rig has been moving on the first location of a series of locations on the CPO 4 Block in Colombia. As soon as the drilling rig is finished rigging up, the well will commence actual drilling operations.

Houston American Energy Corp. engages in the exploration, development, and production of natural gas, crude oil, and condensate. It primarily focuses on properties located in the U.S. onshore Gulf Coast Region, principally Texas and Louisiana, as well as focuses on the development of concessions in the South American country of Colombia. The company was founded in 1981 and is based in Houston, Texas.

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