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Posted by: stocktrader247

Tuesday October 27, 2009

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Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will celebrate the Grand Opening of its new international head office in Burnaby on Thursday, October 29, in a private function from 4:00 p.m. to 7:00 p.m. A media event featuring a ribbon cutting ceremony will take place at 5:00 p.m. with Burnaby Mayor Derek Corrigan, MP (Burnaby-New Westminster) Peter Julian, MLA (Burnaby-Edmonds) Raj Chouhan and Robert Kavanagh, VP Asset Management of GWL Realty Advisors. Ritchie Bros.' Chief Executive Officer, Peter Blake, Company co-founder and Chairman Emeritus Dave Ritchie and Ritchie Bros.' Chairman of the Board, Robert Murdoch, will also participate in the ribbon cutting. Local politicians, customers, suppliers, vendors and the media have been sent invitations for this event.

Tenneco Inc. (NYSE:TEN) today announced that it has been awarded a $24 million conditional loan commitment as part of the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) Incentive Program. The funding will support the engineering and manufacturing of emission control products designed to achieve environmental and fuel efficiency objectives for nine advanced technology vehicle programs.

Tenneco is the first automotive parts supplier to be selected by the U.S. Department of Energy (DOE) to receive federal loans from the ATVM incentive program. To date, four vehicle manufacturers have also been awarded conditional loans under the $25 billion ATVM program.

Worldwide sales of carrier Ethernet access platforms rose about 17 percent year-over-year to $935 million in the rolling four-quarter period ending in 2Q09, according to the new Carrier Ethernet Access Platform (CEAP) Quarterly Market Tracker service published by Heavy Reading (www.heavyreading.com), the market research division of TechWeb's Light Reading (www.lightreading.com). CEAP platforms include Ethernet-over-fiber demarcation platforms and access switches, Ethernet-over-bonded copper pair (G.shdsl and MIMO on DMT) solutions, and Ethernet-over-TDM access circuit products.

"All three of the CEAP product categories examined by Heavy Reading posted sequential growth in 2Q09, in contrast to the previous quarter when only the Ethernet-over-bonded copper pair sub-segment grew," said Stan Hubbard, Senior Analyst at Heavy Reading and author of the CEAP Tracker. "Ethernet-over-fiber access platform sales appeared to grow most rapidly in 2Q09 and were up nearly 14 percent quarter-over-quarter as the top five suppliers in this category all appeared to grow revenues above 1Q09 numbers."

Consorteum Holdings, Inc. (OTCBB: CSRH) is pleased to announce a corporate update with respect to its business activities. Over the course of the past 60 days, several meetings and presentations have occurred between the Company's management and various corporations, private and public, to further the development of the company’s Card Programs, Merchant Discount Rates and new Joint Venture business relationship. As a result of these meetings, we have identified several new key business opportunities that will lead to increased revenues in 2010-2011.

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