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Grameen Makes Business Ownership Possible for Poorest Women Worldwide

An equity investment from GF-USA enabled BlueOrchard Finance and Developing World Markets to consummate a $30 million guarantee from Overseas Private Investment Corporation (OPIC) for a bond offering with proceeds used to fund MFIs. The anticipated $40 million in total bond proceeds will be the largest microfinance offering to date. JP Morgan Securities will service the guaranteed bonds. Because they are guaranteed, this capital is considered as safe of an investment as an equivalent U.S. Treasury Note (commonly called T-bills). The proceeds will make available affordable loans for more than 40,000 micro-entrepreneurs – mainly women – in Latin America, Eastern Europe and Southeast Asia.“This is a solid investment for investors and a sound strategy for reducing poverty among the poorest people in the world,” remarked John Anderson, acting President of GF-USA. Microfinance has a desirable investment profile, offering lower risk than many might imagine. “Our statistics show that properly-managed microfinance loans average repayment of 97%, better than U.S. credit card and student loans, which experience default rates of 5% respectively,” disclosed Drew Tulchin, GF-USA’s manager of Capital Market Programs. GF-USA is a non-profit organization that combines microfinance, technology and innovation to help empower the world’s poorest to escape poverty by […]

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Itronics Introduces Environmentally Friendly Fertilizer Injectors to the Home Lawn and Garden Market

Brings Specialty Agriculture Effectiveness to the Homeowner – RENO, Nev., Aug. 5 /PRNewswire-FirstCall/ — Itronics Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin Stock Exchanges: ITG) reported today that its subsidiary, Itronics Metallurgical, Inc., has launched an offering of GOLD'n GRO liquid fertilizer injectors at the GOLD'n GRO web page: http://www.goldngro.com that will allow the homeowner to utilize fertilizer more effectively and in an environmentally superior manner. "Our wholly owned subsidiary has been reviewing fertilizer injector technology for several years and is pleased to bring to the marketplace a unique line of liquid fertilizer injectors for the Home Lawn and Garden market," said Dr. John Whitney, Itronics President. "The injector units do not require an electrical hook up, are cost effective, and are easy to install and use. They will be especially helpful for application of GOLD'n GRO liquid fertilizers for the home owner who has lawn, landscaping, and garden or orchard areas of 5,000 square feet or larger." Application of liquid fertilizer with irrigation water is known as fertigation. This method of applying liquid fertilizers has been used in the specialty agricultural field for a number of years. Its use has been increasing, not only because of labor savings […]

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KleenAir Successfully Demonstrates DPF and SCR Technology at Government Tradeshow in UK

IRVINE, Calif.–(BUSINESS WIRE)–Aug. 5, 2004–KleenAir Systems Inc. (OTC BB:KAIR – News) announced today that they participated in the Recent Local Authority Waste Management Show in Torbay, England. Together with its strategic partner, Dinex Exhaust Co. Ltd., KleenAir was able to demonstrate its combination Particulate Filter (DPF) and NOx reduction (SCR) systems. KleenAir's technology has been installed on a number of waste management vehicles in several London boroughs, where they have demonstrated their capability and durability over the last two years. Such vehicles typically are among the worst polluters in urban areas emitting large quantities of particulates and NOx. "Reducing emissions from Refuse Collection Vehicles has been one of the most difficult and intractable problems for Air Quality Management officials. We believe that our emission reduction systems will make a significant contribution to the reduction of emissions from such vehicles with a consequent improvement in public health," stated Lionel Simons, President of KleenAir Systems, Inc KleenAir recently announced another institutional financing for $2 million had been agreed with a second London, UK based investment company. The transaction exchanges $2 million of a quoted London Stock Exchange investment trust equity for an equal value of KleenAir stock. This helps improve the balance […]

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