CORAL SPRINGS, Florida, June 30, 2015 /PRNewswire/ --
Even though the business services sector grew at a slower pace for a third straight month in June, new expansion opportunities could lead to new revenue opportunities for Companies focused on worldwide projects versus just U.S. opportunities. Companies in focus today are: CD International Enterprises, Inc. (OTC: CDII), Vringo, Inc. (NASDAQ: VRNG), Vectrus, Inc. (NYSE: VEC), Acacia Research Corporation (NASDAQ: ACTG) and Odyssey Marine Exploration, Inc. (NASDAQ: OMEX)
CD International Enterprises, Inc. (OTC: CDII), a U.S.-based company that sources and distributes industrial commodities in China and the Americas and provides business and management corporate consulting services, announced today, CDI Shanghai Management Company, Ltd., a wholly owned subsidiary of CD International, has received authorization by Automation Division of Shanghai Electric Group Co., Ltd. ("Shanghai Electric Group") as a representative of business development in South America and Africa. Shanghai Electric Group is a multinational power generation and electrical equipment manufacturing company headquartered in Shanghai, China. It has a long history, where one of its oldest subsidiaries was established before 1880. Shanghai Electric Group is engaged in the design, manufacture and sale of electrical industrial products including power generation equipment, power transmission and distribution equipment, transformers, switchgear, circuit breakers, transport equipment, machine tools, elevators, packaging and print machinery and environmental protection equipment. It is the world's largest manufacturer of steam turbines.
Read the full CDII press release at http://www.financialnewsmedia.com/profiles/cdii.html
Dr. James Wang, Chairman and CEO of CD International commented in regards to receiving the authorization, "The authorization to be a representative by one of the major Chinese manufacturing giants is a milestone in growing our consulting business in South America. Currently we are exploiting development of several projects with Automation Division of Shanghai Electric Group in the areas of construction of solar, wind and traditional power station in South American countries. We believe our diverse presence throughout South America gives our partners and clients a unique advantage in commercial transactions we manage through our local expertise and business networks in each country. We are looking forward to closely working with Shanghai Electric Group to develop a variety of projects in South America. We believe the successful development of a project will add substantial values for both our Company and our shareholders".
In other Business Services News And Happenings: Vringo, Inc. (NASDAQ: VRNG), a company engaged in the innovation, development and monetization of intellectual property, provided an update on enforcement actions in Brazil and Romania against ZTE, as well as an update in its SDNY litigation and corporate matters. Read the full VRNG release at http://finance.yahoo.com/news/vringo-provides-litigation-brazil-romania-131301360.html
Vectrus, Inc. (NYSE: VEC) announced a prime contractor position on the $5 billion indefinite-delivery/indefinite-quantity (IDIQ) contract under the Air Force Contract Augmentation Program (AFCAP IV) has been awarded to its subsidiary, Vectrus Systems Corporation (formerly known as Exelis Systems Corporation). "Winning a position on AFCAP IV allows Vectrus to continue executing a long-term strategy that focuses on enhancing our solid foundation, balancing our portfolio and providing more value," said Ken Hunzeker, chief executive officer and president at Vectrus. "We look forward to continuing and strengthening our long-term relationship with the Air Force, and providing innovative and affordable global contingency solutions under AFCAP IV."
Acacia Research Corporation (NASDAQ: ACTG) announced that its subsidiaries Innovative Display Technologies LLC and Delaware Display Group LLC have entered into a settlement and patent license agreement with Kyocera Communications, Inc. Read more athttp://finance.yahoo.com/news/acacia-subsidiaries-enter-settlement-patent-100100970.html
Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a pioneer in the field of deep-ocean exploration, reported that Exploraciones Oceanicas (ExO), the Mexican company that controls the "Don Diego" offshore phosphate resource, has submitted the necessary documentation to continue the environmental evaluation process for the proposed dredging of phosphate sands as planned. Odyssey controls ExO through the company's 54% ownership in Oceanica Resources. In addition, ExO, in coordination with the technical and environmental team at MINOSA, Odyssey's strategic investor, will brief newly elected government officials and community leaders in the region so they thoroughly understand the details of the project and the positive effects it will have on the Mexican agricultural industry, their state and local communities.
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