EVCARCO (OTC.BB:EVCA), a publicly held company in alternative energy vehicles, released that EVCARCO has officially been granted EVCARCO's four Registered Trademarks including "EVCARCO" and its slogan "Future Driven." EVCARCO has received significant attention over the last few months with media and press about EVCARCO's range of electric vehicles, business model and EVCARCO's alliances with the Federal Government. "The growth of our company has also created a strong value in our name and brand therefore we are pleased to have the issuance of these Trademarks by the United States Patent and Trademark office. This issuance further protects and broadens our intellectual property assets as we expand into other regions and markets per our active business model. This gives insight to our dedication, which we so proudly bring to the franchisees and the development of the EVCARCO franchise system," stated Dale Long, CEO of EVCARCO.
EVCARCO is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCARCO has developed a franchised dealer network allowing growth into most US States by 2012.
Holly Energy Partners, L.P. (NYSE:HEP) reported financial results for the second quarter of 2010. For the quarter, distributable cash flow was $22.7 million, up $6.2 million, or 38% compared to second quarter of 2009. For the six months ended June 30, 2010, distributable cash flow was $42.8 million, up $11.8 million or 38% compared to the same period of 2009. Based on these results, Holly Energy Partners reported a distribution increase on July 23, 2010, raising the quarterly distribution from $0.815 to $0.825 per unit, representing a 5% increase over the distribution for the second quarter of 2009. For the quarter, income from continuing operations was $13.4 million ($0.48 per basic and diluted limited partner unit) compared to $15 million ($0.74 per basic and diluted limited partner unit) for the second quarter of 2009. Net income was $13.4 million ($0.48 per basic and diluted limited partner unit) versus $16.4 million ($0.82 per basic and diluted limited partner unit) for the second quarter of 2009 which included Rio Grande discontinued operations. The reduction in overall earnings is due principally to a decrease in previously deferred revenue realized, a decrease in third-party shipments and increased interest costs.
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including Holly Corporation subsidiaries. Holly Energy Partners owns and operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Arizona, Washington, Idaho, Oklahoma and Utah. In addition, Holly Energy Partners owns a 25% interest in SLC Pipeline LLC, a 95-mile intrastate pipeline system serving refineries in the Salt Lake City, Utah area.
Hollysys Automation Technologies, Ltd. (Nasdaq:HOLI), a leading provider of automation and control technologies and applications in China, today revealed that Hollysys Automation Technologies will participate in the following investor events in October and November, 2010. Peter Li, CFO and Jennifer Zhang, Investor Relations Manager will attend all the events. The 2010 QDII New Vision Investment Summit on October 21 - 22, 2010, at The Westin Beijing Financial Street, Beijing, China. The next event is the Morgan Stanley's 9th Annual Asia Pacific Summit on November 9 - 11, 2010 at the Mandarin Oriental Singapore in Singapore. The final event is the Daiwa Investment Conference on November 16 - 19, 2010 at the Island Shangri-La in Hong Kong.
Hollysys Automation Technologies is a leading provider of automation and control technologies and applications in China that enables its diversified industry and utility customers to improve operating safety, reliability, and efficiency. Founded in 1993, Hollysys has approximately 2,400 employees with 9 sales centers and 13 service centers in 21 cities in China and serves over 1700 customers in the industrial, railway, subway & nuclear industries. Its proprietary technologies are applied in product lines including Distributed Control System (DCS) and Programmable Logic Controller (PLC) for industrial sector, high-speed railway signaling system of TCC (Train Control Center) and ATP (Automatic Train Protection), subway supervisory and control platform (SCADA), and nuclear conventional island automation and control system.
Hollywood Media Corp. (NASDAQ:HOLL), a leading provider of online ticketing services and entertainment-related offerings, reported financial results for the second quarter ended June 30, 2010. As previously reported, Hollywood Media has reached a definitive agreement to sell its Broadway Ticketing business subject to the approval of Hollywood Media's shareholders as well as the satisfaction or waiver of certain other closing conditions set forth in the definitive agreement. For the 2010 second quarter, net revenues increased 11% to $33.6 million compared to $30.3 million in the prior-year period. Broadway Ticketing revenues, which represented 97% of Hollywood Media's total net revenues, increased 12% versus the prior year period. Net income for the 2010 second quarter was $0.2 million, or $0.01 per diluted share. This compares to a net loss of $4.8 million, or $0.16 per share, in the prior-year period which included a $5.0 million non-cash impairment charge related to the Ad Sales segment. Net income for the 2010 second quarter was impacted by $0.2 million in legal expenses related to the proposed sale of the Broadway Ticketing business, a $0.2 million increase in inventory reserve to reflect Hollywood Media's decision to carry more ticketing inventory to meet demand, a $0.1 million early termination fee on an office lease in order to downsize Hollywood Media's corporate offices in Boca Raton, Florida, and $0.1 million in payroll costs in the Broadway Ticketing business relating to the proposed sale.
Hollywood Media is comprised primarily of Internet businesses focused on online ticketing, which include Broadway.com and Hollywood Media's minority interest in MovieTickets.com. Hollywood Media also owns the UK-based CinemasOnline and an Intellectual Property division.
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