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Pennystockchaser.com: www.pennnystockchaser.com: Penny Stock Chaser Alerts, December 14, 2009: CECO, INSU, SGI and REXI
(M2 PressWIRE Via Acquire Media NewsEdge) Pennystockchaser.com Alerts include Career Education Corporation (CEC) (NASDAQ: CECO); Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU); SGI (NASDAQ: SGI) and Resource America, Inc. (NASDAQ: REXI)
-- December 14, 2009 Career Education Corporation (CEC) (NASDAQ:CECO) trading at $27.56 on a volume of 483,161 shares
Career Education Corporation Announces Unofficial Three-Year Cohort Default Rates Issued by the United States Department of Education
HOFFMAN ESTATES, Ill., Dec 14, 2009 -- Career Education Corporation (CEC) (NASDAQ:CECO) today announced that it has received unofficial three-year cohort default rates (CDRs) for the 2005, 2006, and 2007 cohorts from the United States Department of Education (ED). The unofficial CDRs for CEC's educational institutions, including transitional schools, were 20.9% in 2005, 18.0% in 2006, and 19.6% in 2007.
About Career Education Corporation
The colleges, schools and universities that are part of the Career Education Corporation (CEC) family offer high-quality education to a diverse student population of over 110,000 students across the world in a variety of career-oriented disciplines. The more than 75 campuses that serve these students are located throughout the U.S. and in France, Italy, and the United Kingdom, and offer doctoral, master's, bachelor's and associate degrees, and diploma and certificate programs. Approximately one-third of CEC's students attend the web-based virtual campuses of American InterContinental University and Colorado Technical University.
-- December 14, 2009 Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) trading at $23.96 on a volume of 136,649 shares.
Insituform Technologies, Inc. Announces European Operation Reorganization and $3.0 Million (USD) Annual Reduction in Administrative and Overhead Costs
ST. LOUIS, Dec 14, 2009 -- Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) today announced a reorganization of its European business unit to position it for profitable growth. This reorganization includes exiting low-return geographies, combining operations and realigning responsibilities and functions in the European headquarters office, located in Paris, France. The Company expects to realize approximately $3.0 million (USD) in annual cost savings from these efforts.
About Insituform
Insituform Technologies, Inc. is a leading worldwide provider of proprietary technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion protection of industrial pipelines. More information about the Company can be found on its internet site at www.insituform.com.
-- December 14, 2009 SGI (NASDAQ:SGI) trading at $6.08 on a volume of 34,070 shares
Onera, France's Leading Aerospace and Defense Research Center, Chooses SGI(R) Altix(R) Supercomputers
Altix and Altix(R) ICE Enhance Computing Power; Accelerate Scientific Research
FREMONT, Calif., Dec 14, 2009 -- SGI (NASDAQ:SGI), a global leader in HPC and data center solutions, announced that Onera (Centre Francais de Recherches Aerospatiales), the French aerospace research center, chose SGI(R) Altix(R) to significantly boost its computing power. Its new supercomputer will be used to enhance the precision of Onera's computer simulation models, accelerate its digital simulation processes and adapt its computing resources for massively parallel processing (MPP) technology. More than 3,000 processing nodes, versus its predecessor's 512 nodes, offer twice the power to significantly boost computation speed.
About SGI
SGI is a global leader in large-scale clustered computing, high performance storage, HPC and data center enablement and services. SGI is focused on helping customers solve their most demanding business and technology challenges. Visit www.sgi.com for more information.
-- December 14, 2009 Resource America, Inc. (NASDAQ: REXI) closed at $3.90 on a volume of 2,284 shares.
Resource America, Inc. Authorizes Payment of Quarterly Cash Dividend
PHILADELPHIA, PA, Dec 14, 2009 -- Resource America, Inc. (NASDAQ: REXI) (the "Company") announces that its Board of Directors has authorized the payment of a cash dividend on January 29, 2010 in the amount of $0.03 per share of the Company's common stock to all holders of record at the close of business on December 31, 2009. The Company has issued a cash dividend for fifty-eight consecutive quarters.
Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the commercial finance, real estate and financial fund management sectors. For more information please visit our website at www.resourceamerica.com or contact Marketing and Investor Relations at pkamdar@resourceamerica.com.
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