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	<title>PennyStockFarm.com &#187; Inc.</title>
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		<title>Corning sees non-LCD operations driving growth</title>
		<link>http://www.pennystockfarm.com/featured/corning-sees-non-lcd-operations-driving-growth/</link>
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		<pubDate>Sat, 04 Feb 2012 00:44:46 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<description><![CDATA[NEW YORK (MarketWatch) &#8212; Corning Inc. GLW -0.52% reiterated its long-term sales forecast, but said it will hit the target by growing businesses outside of its stalling liquid-crystal-display glass operation.
Corning&#8217;s prediction, ahead of its annual investor meeting in New York on Friday, signals confidence that it can grow its top line by selling more fiber-optic [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>NEW YORK (MarketWatch) &#8212; Corning Inc. </strong><a href="http://www.marketwatch.com/investing/stock/GLW?link=MW_story_quote"><strong><span style="color: #ff0000;">GLW -0.52% </span></strong></a><strong>reiterated its long-term sales forecast, but said it will hit the target by growing businesses outside of its stalling liquid-crystal-display glass operation.</strong></p>
<p style="text-align: justify;">Corning&#8217;s prediction, ahead of its annual investor meeting in New York on Friday, signals confidence that it can grow its top line by selling more fiber-optic cable, smartphone cover glass and other products. Reduced demand for LCD glass &#8212; the product that represents the bulk of the company&#8217;s profit and sales &#8212; has crimped its financial performance of late.</p>
<p style="text-align: justify;">&#8220;We now expect the telecommunications, specialty materials, environmental technologies and life sciences business segments to be the primary drivers of increased sales and profits going forward,&#8221; Chief Financial Officer Jim Flaws said in a statement.</p>
<p style="text-align: justify;">The company said it expects LCD glass sales to be flat through 2014. Corning also reiterated its recent comments that LCD glass price declines are weighing on the company&#8217;s profitability.</p>
<p style="text-align: justify;">Shares were up 1.5% to $13.13 in recent premarket trading.</p>
<p style="text-align: center;"><img class="aligncenter" src="http://topnews.us/images/imagecache/main_image/Corning%20Inc.jpg" alt="" width="206" height="184" /></p>
<p>SOURCE: <a href="http://www.marketwatch.com/story/corning-sees-non-lcd-operations-driving-growth-2012-02-03"><span style="color: #0000ff;">http://www.marketwatch.com/story/corning-sees-non-lcd-operations-driving-growth-2012-02-03</span></a></p>


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		<title>Korea&#8217;s SK Telecom post 61% net-profit drop in Q4</title>
		<link>http://www.pennystockfarm.com/featured/koreas-sk-telecom-post-61-net-profit-drop-in-q4/</link>
		<comments>http://www.pennystockfarm.com/featured/koreas-sk-telecom-post-61-net-profit-drop-in-q4/#comments</comments>
		<pubDate>Thu, 02 Feb 2012 04:12:47 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<description><![CDATA[SEOUL -(MarketWatch)- SK Telecom Co. , South Korea&#8217;s largest mobile carrier by subscribers, said Thursday its fourth-quarter net profit fell 61% from a year earlier, as higher spending on next-generation network technology and falling phone fees dragged on the bottom line.
Net profit in the three months ended Dec. 31 fell to KRW196 billion (US$175.2 million) [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>SEOUL -(MarketWatch)- SK Telecom Co. , South Korea&#8217;s largest mobile carrier by subscribers, said Thursday its fourth-quarter net profit fell 61% from a year earlier, as higher spending on next-generation network technology and falling phone fees dragged on the bottom line.</strong></p>
<p style="text-align: justify;">Net profit in the three months ended Dec. 31 fell to KRW196 billion (US$175.2 million) from KRW502.5 billion a year earlier, SK Telecom said.</p>
<p style="text-align: justify;">The result was worse than the average KRW302.8 billion net profit forecast of five analysts recently polled by Dow Jones Newswires.</p>
<p style="text-align: justify;">Operating profit also declined, falling 35.7% to KRW329.4 billion from KRW512.2 billion while sales fell 2.3% to KRW3.930 trillion from KRW4.023 trillion.</p>
<p style="text-align: justify;">SK Telecom cut mobile phone fees late last year at the government&#8217;s behest, as part of a broad national campaign to fight inflation.</p>
<p style="text-align: center;"><img class="aligncenter" src="http://upload.wikimedia.org/wikipedia/en/thumb/2/2d/SK_Telecom_Logo.svg/467px-SK_Telecom_Logo.svg.png" alt="" width="228" height="99" /></p>
<p>SOURCE: <a href="http://www.marketwatch.com/story/koreas-sk-telecom-post-61-net-profit-drop-in-q4-2012-02-01"><span style="color: #0000ff;">http://www.marketwatch.com/story/koreas-sk-telecom-post-61-net-profit-drop-in-q4-2012-02-01</span></a></p>


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		<title>Brekford Corp. (OTCQB:BFDI)</title>
		<link>http://www.pennystockfarm.com/featured/brekford-corp-otcqbbfdi/</link>
		<comments>http://www.pennystockfarm.com/featured/brekford-corp-otcqbbfdi/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 19:36:04 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<guid isPermaLink="false">http://www.pennystockfarm.com/?p=3806</guid>
		<description><![CDATA[Brekford Corp. (OTCQB:BFDI) is a technology services provider of mobile computer and video systems through its vehicle upfitting services to homeland security agencies and federal, state, and municipal law enforcement agencies. The automated traffic enforcement group provides portable speed enforcement safety and red light camera solutions to municipalities.
For over a decade, Brekford has been providing [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>Brekford Corp. (OTCQB:BFDI) is a technology services provider of mobile computer and video systems through its vehicle upfitting services to homeland security agencies and federal, state, and municipal law enforcement agencies. The automated traffic enforcement group provides portable speed enforcement safety and red light camera solutions to municipalities.</strong></p>
<p style="text-align: justify;">For over a decade, Brekford has been providing services to the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States with an end-to-end suite of mobile computer and video technology, vehicle upfitting services, and automated traffic safety solutions. Brekford is a one-stop shop with its unique 360-degree approach to vehicle upfitting services, cutting edge mobile and video technology, and automated traffic enforcement services for homeland security and law enforcement agencies.</p>
<p style="text-align: justify;">Additional information about Brekford may be found online at <a title="blocked::http://www.globenewswire.com/newsroom/ctr?d=177297&amp;l=11&amp;a=www.brekford.com&amp;u=http://www.brekford.com" href="http://www.globenewswire.com/newsroom/ctr?d=177297&amp;l=11&amp;a=www.brekford.com&amp;u=http://www.brekford.com" target="_blank"><span style="color: #0000ff;">www.brekford.com</span></a></p>
<p style="text-align: center;"><img class="aligncenter" src="http://www.pennystockfarm.com/wp-content/uploads/2012/01/B-and-Brekford-no-tag-JPEG.jpg" alt="" width="248" height="97" /></p>


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		<title>Princeton Security Technologies Inc( OTCQB:PSGY)</title>
		<link>http://www.pennystockfarm.com/featured/princeton-security-technologies-inc-otcqbpsgy/</link>
		<comments>http://www.pennystockfarm.com/featured/princeton-security-technologies-inc-otcqbpsgy/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 21:35:49 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<guid isPermaLink="false">http://www.pennystockfarm.com/?p=3776</guid>
		<description><![CDATA[Princeton Security Technologies, Inc. is the holding company of Princeton Gamma-Tech Instruments, Inc. (PGTI). PGTI is a supplier of X-ray and gamma-ray detectors and spectroscopy systems, portable radioisotope identifiers, and portable chemical analyzers. The Company serves a broad customer base in scientific research, industrial materials analysis, and homeland security. The Company operates a full customer [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;">Princeton Security Technologies, Inc. is the holding company of Princeton Gamma-Tech Instruments, Inc. (PGTI). PGTI is a supplier of X-ray and gamma-ray detectors and spectroscopy systems, portable radioisotope identifiers, and portable chemical analyzers. The Company serves a broad customer base in scientific research, industrial materials analysis, and homeland security. The Company operates a full customer service and support program, backed by a modern manufacturing and service facility. Its product line includes Radioactive Isotope Identifier Products, Nuclear/ Gamma-ray detectors and spectrometers and X-ray detectors and spectrometers.</p>
<p style="text-align: center;"><img class="aligncenter" src="http://www.pennystockfarm.com/wp-content/uploads/2012/01/prin.jpg" alt="" /></p>


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		<title>Alliant Energy CEO to retire in March</title>
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		<pubDate>Sun, 22 Jan 2012 03:47:07 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<description><![CDATA[Alliant Energy Corp. LNT -0.21% said Chairman and Chief Executive William D. Harvey would retire at the end of March and named its operating chief as his successor.
Harvey had been chairman and chief for the last six years, having worked at the utility company and its predecessor for 25 years.
Alliant named Chief Operating Officer Patricia [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>Alliant Energy Corp. </strong><a href="http://www.marketwatch.com/investing/stock/LNT?link=MW_story_quote"><strong><span style="color: #ff0000;">LNT -0.21% </span></strong></a><strong>said Chairman and Chief Executive William D. Harvey would retire at the end of March and named its operating chief as his successor.</strong></p>
<p style="text-align: justify;">Harvey had been chairman and chief for the last six years, having worked at the utility company and its predecessor for 25 years.</p>
<p style="text-align: justify;">Alliant named Chief Operating Officer Patricia L. Kampling to become chief executive and chairman after he retires. She joined the company in 2005, most recently serving as operating chief and financial chief and treasurer before that.</p>
<p style="text-align: justify;">Before joining Alliant, Kampling spent more than 20 years in various finance, regulatory and engineering positions at Exelon Corp. <a href="http://www.marketwatch.com/investing/stock/EXC?link=MW_story_quote"><span style="color: #99cc00;">EXC +0.33% </span></a>.</p>
<p style="text-align: justify;">Recently, results at Alliant&#8211;an electric and natural-gas utility centered in the upper Midwest&#8211;have been uneven results because of tepid demand for power and low gas volume. In its latest quarterly results, profit fell 18% on lower electric revenue despite a revenue jump in its nonregulated business.</p>
<p style="text-align: justify;">Shares were up nine cents at $42.99 after hours. Through the close, the stock has risen 15% in the last year, better than the market at large.</p>
<p style="text-align: center;"><img class="aligncenter" src="http://media.kcrg.com/images/Alliant-Energy1.jpg" alt="" width="263" height="111" /></p>
<p>SOURCE: <a href="http://www.marketwatch.com/story/alliant-energy-ceo-to-retire-in-march-2012-01-21"><span style="color: #0000ff;">http://www.marketwatch.com/story/alliant-energy-ceo-to-retire-in-march-2012-01-21</span></a></p>


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		<title>Cliffs Natural Resources outlines $1B capex plan</title>
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		<pubDate>Fri, 20 Jan 2012 02:58:18 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<description><![CDATA[Cliffs Natural Resources Inc. CLF -0.03% said it plans to increase its spending 12% to about $1 billion this year to boost its mining and transportation capacity around the world.
The projected expenditures include roughly $300 million of sustaining capital and $700 million of funds aimed at improving growth and productivity.
The coal and iron-ore producer&#8217;s earnings [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>Cliffs Natural Resources Inc. </strong><a href="http://www.marketwatch.com/investing/stock/CLF?link=MW_story_quote"><strong><span style="color: #ff0000;">CLF -0.03% </span></strong></a><strong>said it plans to increase its spending 12% to about $1 billion this year to boost its mining and transportation capacity around the world.</strong></p>
<p style="text-align: justify;">The projected expenditures include roughly $300 million of sustaining capital and $700 million of funds aimed at improving growth and productivity.</p>
<p style="text-align: justify;">The coal and iron-ore producer&#8217;s earnings have been soaring in recent quarters as both sales volume and prices climb. Cliffs has said it is looking to consolidate its foothold in Asian markets as part of a plan to push its share of revenue from international sales above 50%.</p>
<p style="text-align: justify;">On Thursday, Cliffs said it will spend $60 million in the U.S. to extend the life of its Empire iron ore mine to 2015, among other projects.</p>
<p style="text-align: justify;">In eastern Canada, the company plans to spend $470 million boosting iron ore production at a major mine, with an additional $45 million earmarked for port and rail upgrades. Cliffs plans to spend $40 million on capacity expansion in Western Australia.</p>
<p style="text-align: justify;">The company also expects to spend about $50 million on growing production of steelmaking coal from its mines in West Virginia.</p>
<p style="text-align: justify;">Cliffs plans to start production at a chromite deposit in northern Ontario in 2015. A recent study of the area led the company to expand its output estimate to 1 million tons of chromite ore on top of the 600,000 tons of ferrochrome expected from the site.</p>
<p style="text-align: justify;">Shares closed at $72.03 and were inactive after hours. The stock is off 18% over the past year.</p>
<p style="text-align: center;"><img class="aligncenter" src="http://coalgeology.com/wp-content/uploads/2011/01/CLIFFS-NATURAL-RESOURCES-INC.jpg" alt="" width="239" height="52" /></p>
<p>SOURCE: <a href="http://www.marketwatch.com/story/cliffs-natural-resources-outlines-1b-capex-plan-2012-01-19"><span style="color: #0000ff;">http://www.marketwatch.com/story/cliffs-natural-resources-outlines-1b-capex-plan-2012-01-19</span></a></p>


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		<title>Samsung: Never reviewed plans to take over RIM</title>
		<link>http://www.pennystockfarm.com/featured/samsung-never-reviewed-plans-to-take-over-rim/</link>
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		<pubDate>Wed, 18 Jan 2012 01:57:14 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<guid isPermaLink="false">http://www.pennystockfarm.com/?p=3741</guid>
		<description><![CDATA[SEOUL -(MarketWatch)- Samsung Electronics Co. said Wednesday that it has never reviewed plans to take over Research In Motion Ltd. RIMM -5.55% , whose shares closed up 8% in the U.S. following a blog report that the BlackBerry maker is considering selling all or part of it to the Korean electronics giant.
&#8220;Samsung has never reviewed [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>SEOUL -(MarketWatch)- Samsung Electronics Co. said Wednesday that it has never reviewed plans to take over Research In Motion Ltd. </strong><a href="http://www.marketwatch.com/investing/stock/RIMM?link=MW_story_quote"><strong><span style="color: #ff0000;">RIMM -5.55% </span></strong></a><strong>, whose shares closed up 8% in the U.S. following a blog report that the BlackBerry maker is considering selling all or part of it to the Korean electronics giant.</strong></p>
<p style="text-align: justify;">&#8220;Samsung has never reviewed and never will consider plans to take over RIM,&#8221; said a Samsung Electronics spokesman.</p>
<p style="text-align: justify;">The comment from the world&#8217;s largest technology firm by revenue came after the technology blog Boy Genius Report, which cited anonymous sources, on Tuesday said RIM and Samsung had engaged in talks and that RIM was considering selling all or part of the company to Samsung. A RIM spokeswoman declined to comment.</p>
<p style="text-align: center;"><img class="aligncenter" src="http://topnews.in/files/Samsung-Electronics-1.jpg" alt="" width="230" height="123" /></p>
<p>SOURCE: <a href="http://www.marketwatch.com/story/samsung-never-reviewed-plans-to-take-over-rim-2012-01-17"><span style="color: #0000ff;">http://www.marketwatch.com/story/samsung-never-reviewed-plans-to-take-over-rim-2012-01-17</span></a></p>


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		<title>Tokyo bourse to keep Olympus shares listed: report</title>
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		<pubDate>Wed, 18 Jan 2012 01:47:30 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<guid isPermaLink="false">http://www.pennystockfarm.com/?p=3738</guid>
		<description><![CDATA[TOKYO (MarketWatch) &#8212; The Tokyo Stock Exchange plans to keep shares of Olympus Corp. listed as it has concluded that the company&#8217;s accounting scandal did not have a significant effect on the stock market, the Asahi Shimbun reported Wednesday.
Olympus avoided automatic delisting from the TSE when it filed its earnings by a Dec. 14 deadline. [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>TOKYO (MarketWatch) &#8212; The Tokyo Stock Exchange plans to keep shares of Olympus Corp. listed as it has concluded that the company&#8217;s accounting scandal did not have a significant effect on the stock market, the Asahi Shimbun reported Wednesday.</strong></p>
<p style="text-align: justify;">Olympus avoided automatic delisting from the TSE when it filed its earnings by a Dec. 14 deadline. But shares in the scandal-hit maker of cameras and endoscopes had remained under the risk of delisting as the TSE examined whether the company&#8217;s fraudulent accounting had &#8220;a material impact&#8221; on its shares.</p>
<p style="text-align: justify;">The report comes after the Nikkei newspaper reported last week that the TSE is likely to designate Olympus&#8217;s stock as &#8220;on alert,&#8221; whereby the company must file annual progress reports on efforts to improve corporate governance and information disclosure.</p>
<p style="text-align: center;"><img class="aligncenter" src="http://businessnewsdaily.info/wp-content/uploads/2011/10/Olympus-Logo.jpg" alt="" width="206" height="130" /></p>
<p>SOURCE: <a href="http://www.marketwatch.com/story/tokyo-bourse-to-keep-olympus-shares-listed-report-2012-01-17"><span style="color: #0000ff;">http://www.marketwatch.com/story/tokyo-bourse-to-keep-olympus-shares-listed-report-2012-01-17</span></a></p>


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		<title>TXTM – Pro Text Mobility inc</title>
		<link>http://www.pennystockfarm.com/featured/txtm-%e2%80%93-pro-text-mobility-inc/</link>
		<comments>http://www.pennystockfarm.com/featured/txtm-%e2%80%93-pro-text-mobility-inc/#comments</comments>
		<pubDate>Tue, 13 Dec 2011 22:04:31 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<guid isPermaLink="false">http://www.pennystockfarm.com/?p=3612</guid>
		<description><![CDATA[Protext Mobility is a premium mobile applications developer. Their mission is to  provide robust and  innovative solutions to the fast-growing mobile consumer market. They have built a unique, feature rich, flexible and robust mobile messaging platform, focused primarily on solving problems.
The current solutions were developed out of the need for, and desire of, the parent to gain necessary [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>Protext Mobility is a premium mobile applications developer. Their mission is to  provide robust and  innovative solutions to the fast-growing mobile consumer market. They have built a unique, feature rich, flexible and robust mobile messaging platform, focused primarily on solving problems.</strong></p>
<p style="text-align: justify;">The current solutions were developed out of the need for, and desire of, the parent to gain necessary insight and visibility into their children?s use of today&#8217;s mobile technology, to keep them safe. The mobile solutions we„ve developed on our platform, Protext SmartMessenger, provide parents peace of mind as it relates to the 3 most serious dangers a child may encounter as they use very advanced, high powered mobile devices&#8230;Bullying, Sexting and Distracted Driving.</p>
<p style="text-align: justify;">Kids on average send/receive over 3,300 text messages a month.  Many parents find it very difficult to manage who their child(ren) come into contact with on a daily basis, what content they maybe exposed to, what websites they may surf via mobile and if the device is being used inappropriately or in an inappropriate situation (i.e., while operating a motor vehicle).They have bundled certain features developed on their platform and have released them under the SafeText and DriveAlert solutions.</p>
<p style="text-align: justify;">Solutions – SafeText and DriveAlert</p>
<p style="text-align: justify;">SafeText</p>
<p style="text-align: justify;">The SafeText solution solves the following problem(s) and carries the following features:<br />
• Mobile devices are now the preferred method of communication for children due to text messaging. Cyberbullying and sexting are now at epidemic levels.<br />
• The SafeText solution intelligently interrogates all in coming and out going text messages for inappropriate and/or dangerous content. Parents are quickly notified with an alert when there is a message violation.<br />
• A simple, yet comprehensive parent dashboard displays archived information – including pictures and videos &#8212;  and details of potential violations.<br />
• Adding to it?s robust feature set, the SafeText solution incorporates the use of GPS technology. Which enables “find my phone,” “locate now on demand,” and distracted driving notification with mapping displayed and speed recorded.<br />
• Developed with core patent-pending Smart Message Analyzer technology.</p>
<p style="text-align: justify;">DriveAlert</p>
<p style="text-align: justify;">The DriveAlert solution solves the following problem(s) and carries the following features:<br />
• With every passing day, the horrors “distracted driving” are highlighted in the media. The most vulnerable and prone to these accidents are teens.<br />
• DriveAlert is our answer to distracted driving. Think of DriveAlert as a “safebox” around the phone while the phone is in motion. When the phone stops, the “safebox” is automatically opened and all device functions are immediately accessible. <br />
• DriveAlert not only blocks texting, but also all apps the driver may be distracted by, such as Twitter, Facebook, Instant Messaging, Email and Browsing while the phone is in motion. </p>
<p style="text-align: center;"><a href="http://www.protextmobility.com"><img class="aligncenter" src="http://www.pennystockfarm.com/wp-content/uploads/2011/12/Dibujop.bmp" alt="" /></a></p>
<p>Visit their Websites:  <a href="http://www.protextmobility.com/" target="_blank"><span style="color: #0000ff;">http://www.protextmobility.com</span></a> ,  <a href="http://www.amberwatchsafetext.com/" target="_blank"><span style="color: #0000ff;">www.amberwatchsafetext.com</span></a></p>


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		<title>Getty Realty shares off, ex-affiliate seeks Ch. 11</title>
		<link>http://www.pennystockfarm.com/featured/getty-realty-shares-off-ex-affiliate-seeks-ch-11/</link>
		<comments>http://www.pennystockfarm.com/featured/getty-realty-shares-off-ex-affiliate-seeks-ch-11/#comments</comments>
		<pubDate>Tue, 06 Dec 2011 02:44:47 +0000</pubDate>
		<dc:creator>pennystockfarm</dc:creator>
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		<guid isPermaLink="false">http://www.pennystockfarm.com/?p=3577</guid>
		<description><![CDATA[NEW YORK (MarketWatch) &#8212; Getty Realty Corp.&#8217;s GTY -3.18% stock dropped in recent trading following news that its largest revenue source sought Chapter 11 protection Monday.
The real estate investment trust&#8217;s stock declined 2.47% to $15 a share, while the overall REIT sector posted modest gains in line with the broader equities.
After a longstanding lease dispute [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: justify;"><strong>NEW YORK (MarketWatch) &#8212; Getty Realty Corp.&#8217;s </strong><a href="http://www.marketwatch.com/investing/stock/GTY?link=MW_story_quote"><span style="color: #ff0000;"><strong>GTY -3.18% </strong></span></a><strong>stock dropped in recent trading following news that its largest revenue source sought Chapter 11 protection Monday.</strong></p>
<p style="text-align: justify;">The real estate investment trust&#8217;s stock declined 2.47% to $15 a share, while the overall REIT sector posted modest gains in line with the broader equities.</p>
<p style="text-align: justify;">After a longstanding lease dispute with its former affiliate Getty Realty, Getty Petroleum Marketing filed for bankruptcy protection, listing assets and debts of between $50 million and 100 million each. The filing comes about a week after the REIT announced that it was terminating its lease agreement with Getty Petroleum and planned to repossess some 800 properties the company subleased to gas-station operators, mostly in the mid-Atlantic region. Getty Realty claims Getty Petroleum failed to make scheduled rent payments that totaled about $60 million a year.</p>
<p style="text-align: justify;">The two companies split in 1997 but signed a long-term lease deal on the gas stations that expired in 2015. Getty Realty&#8217;s stock has dived 52% since the beginning of the year as investors fretted about the viability of Getty Petroleum&#8217;s business model given that many of the gas stations were not profitable.</p>
<p style="text-align: justify;">Getty Petroleum said in the court filing it believed its business can be restructured to become profitable if it can resolve the lease dispute with Getty Realty.</p>
<p style="text-align: center;"><img class="aligncenter" src="http://www.gettyrealty.com/drupal-6.19/sites/default/files/GettyLogoHeader.jpg" alt="" width="220" height="110" /></p>
<p>SOURCE: <a href="http://www.marketwatch.com/story/getty-realty-shares-off-ex-affiliate-seeks-ch-11-2011-12-05"><span style="color: #0000ff;">http://www.marketwatch.com/story/getty-realty-shares-off-ex-affiliate-seeks-ch-11-2011-12-05</span></a></p>


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