Daily Financial News

By Philip Brewer

The Adventures of Johnny Bunko: The Last Career Guide You'll Ever Need by Daniel H. Pink.

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City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/20/2008 - Consumer Goods industry news provided by Financial News USA (OTC: FNWU). Plutonic Power Corporation (TO: PCC), a leading developer of clean, run-of-river energy projects in British Columbia, will host an investor/analyst conference call on Friday, August 15 to provide a corporate update and discuss the recently signed memorandum of understanding between the Company and GE Energy Financial Services, a unit of GE, to partner on a bid to develop approximately 1,000 megawatts (MW) of run-of-river hydroelectric capacity in the Toba and Bute Inlets along the southwest coast of British Columbia. Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy.
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City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/20/2008 - Internet Information Provider industry news provided by Financial News USA (OTC: FNWU). LookSmart, Ltd. (NASDAQ:LOOK), a pay-per-click (PPC) Search Advertising Network and technology solutions provider, was named "Best Search Engine Ad Platform" recently by Search Engine Strategies (SES) in its inaugural SES awards program. SES is the leading global conference and expo series dedicated to search advertising. SES presented the award at a keynote address during the first day of its 10th annual Search Engine Strategies San Jose conference. The mission of the SES Awards is to inspire innovation and encourage new ideas. The awards were judged by a panel of industry experts and the SES Awards editorial staff. "This award belongs to our talented employees who have built a proven search advertising platform that advertisers trust to extend their PPC campaigns beyond major search engines," said Ted West, chief executive officer and president of LookSmart. "We are honored that Search Engine Strategies has validated our company’s strategy as we continue to emerge as a leading independent Search Advertising Network."
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City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/20/2008 - Internet Information Provider industry news provided by Financial News USA (OTC: FNWU). In the continuing effort to develop electricity from renewable energy cheaper than from coal, Google (NASDAQ: GOOG), through its philanthropic arm Google.org, announced $10.25 million in investments in a breakthrough energy technology called Enhanced Geothermal Systems (EGS). Today’s announcement also includes funding for research on next-generation geothermal resource mapping, EGS information tools, and a policy agenda for geothermal energy. EGS expands the potential of geothermal energy by orders of magnitude. The traditional geothermal approach relies on finding naturally occurring pockets of steam and hot water. The EGS process, by comparison, replicates these conditions by fracturing hot rock, circulating water through the system, and using the resulting steam to produce electricity in a conventional turbine.
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City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/20/2008 - Consumer Goods industry news provided by Financial News USA (OTC: FNWU). The board of H.J. Heinz Co. (NYSE: HNZ) declared a quarterly cash dividend of 41.5 cents per share. The ketchup maker said the dividend is payable Oct. 10 to shareholders of record as of Sept. 22.

Accelegrow Technologies, Inc., ( www.accelegrow.com ), announced recently that William H. (Bill) Camp, former Executive Vice President of Archer Daniels Midland Company (NYSE: ADM), has been named Chairman and CEO of Accelegrow Technologies, Inc., effective Aug. 6. Mr. Camp has served on the Board of Directors of Accelegrow, a West Point, Ga.-based agriscience company, since January this year. He succeeds Gerald B. Andrews Sr., Accelegrow Chairman and CEO since the company's operations began in 2006. Mr. Andrews, who made the announcement, will remain on Accelegrow's Board.
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Monetary Policy Committee (MPC) member Tim Besley voted to increase the cost of borrowing by 0.25% to 5.25%, minutes of this month's meeting showed. It was the second month in a row he argued for a rate hike.

But seven members chose to keep rate steady at 5%, saying that despite the fact that the economic outlook had continued to worsen, it was the best policy to bring inflation back to its 2% target.

The other committee member, David Blanchflower, voted for a rate cut.

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City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/20/2008 - Business Services industry news provided by Financial News USA (OTC: FNWU). Hotel Outsource Management International, Inc. (“HOMI”) (NASDAQ:HOUM.OB) presented its consolidated financial results for the second quarter ended June 30, 2008. Revenues for the quarter reached US$936,000, compared to US$984,000 in the second quarter of 2007, a decrease of $48,000 or 4.9%. However, revenues represent an increase of 5.9% compared to revenues of US$884,000 in the first quarter of 2008. Revenues for the second quarter of 2007 included revenues from two hotels in South Africa to which, as of January 1st 2008, HOMI no longer provides services, following the assignment by HOMI of the agreements with such hotels and of the related equipment, in the context of HOMI's indirect acquisition of the minority interest in HOMI South Africa (Pty) Ltd. (“HOMI SA”) and separation from the previous holder of such minority interest. Gross Profit for the quarter, after consideration of depreciation expense, was US$299,000, compared to US$392,000 in the second quarter of 2007, a decrease of 23%. Gross profit margin decreased from 39.8% to 31.9%. Such decrease is partly due to an increase in depreciation expense as HOMI began, for the first time, to depreciate certain tools, molds and other assets related to the production process of the HOMI® 336 systems. In addition, certain reorganization steps that were implemented gave rise to onetime costs that had a slight negative effect on Gross Profit level. Operating Loss for the quarter was US$264,000, compared to an operating loss of US$57,000 in the second quarter of 2007. As a result of the intensive marketing activities related to the HOMI® 336 system and creation of a new sale and marketing infrastructure for the new range of products, Selling and Marketing expenses increased. General and Administrative expenses increased due to additional consulting services that HOMI retained to support our expected growth as well as the expansion of HOMI’s financial department.
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HOUSTON, TX --(www.FinancialNewsUSA.com)-- 08/20/2008 - ELM Technologies, Inc. (OTC: ETGS) today announced that Martha Green Milburn, R.N., M.H.A., a healthcare and nurse management expert, has joined the Company's Advisory Board.

"Ms. Milburn (Marty) brings an incredible wealth of knowledge and wisdom to ELM from her years of experience in some of the largest healthcare organizations in the world -- as an administrator and nurse. Marty is also an avid supporter of the healthcare workforce model," said Barbara Rivera, President of ELM Technologies. "She is going to be a terrific advisor and we're excited and honored that she has chosen to work with us."
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Market analyst Datamonitor said the outlook for the UK lending market was bleak, with the ongoing problems caused by the credit crunch leading to fewer lenders operating, a shrinking number of products, higher prices and more consumers being refused credit.

The group predicts mortgage lending will fall by 19.3% during 2008, with total advances of £293.55bn made during the year.

The figure is in stark contrast to growth of 19.7% recorded during 2006 when the market was booming, while advances rose by a further 5.4% in 2007 to peak at £363.8bn.

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City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/20/2008 - General Building Materials industry news provided by Financial News USA (OTC: FNWU). Techalt, Inc. (OTC: TCLT) ("Techalt" the "Company") continues strategic join-venture negotiations with Cascadia Industries Incorporated (“Cascadia”), which designs, manufactures and sells roofing and venting supplies. Cascadia focuses on increasing market participation in Light Commercial/Residential Ventilation space, focusing on environmentally conscious, or “green” designs. Cascadia implements “green practices” to address industry concerns, such as high fuel costs and manufacturing waste. Cascadia’s Highpoint products are designed to allow for more efficient ventilation of current “steep slope” roofing systems and to increase roof life over traditional ventilation products. Cascadia designs and manufactures ventilation products composed of alternative materials called “Green Lines.” “Green Lines” products are composed of reground and recycled plastic, potentially saving up to 38,800 pounds of plastic material per truckload in a landfill.
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