Hertz And Liberty Tire Announce Industry's First National Tire Recycling Program

PARK RIDGE, N.J., Nov. 8, 2012 /PRNewswire/ --The Hertz Corporation (HTZ) and Liberty Tire Recycling today launched the first nationwide tire recycling program in the U.S. car rental industry. Liberty Tire Recycling is the largest tire recycling company in North America and converts used tires into rubber feedstock and other materials that can be used for a wide variety of eco-friendly products and services. Hertz will leverage Liberty's nationwide service to collect its used tires, more than 160,000 annually, which will be transformed into a range of products for playgrounds, public parks, highways and other applications.

(Logo: http://photos.prnewswire.com/prnh/20110810/NY50373LOGO )

"Hertz leads in sustainability throughout our operations, products and services. Today, we take the next step forward and launch the first zero landfill waste tire program in the industry," said Mark Frissora, Chairman and CEO of Hertz. "Through our partnership with Liberty Tire Recycling, we are implementing the first national tire recycling program and again set the pace for our sector."

Liberty provides recycled rubber feedstock which produces a range of products including:

This partnership adds to Hertz's award-winning commitment to sustainability, which is demonstrated by a wide variety of its practices and services. Hertz offers a collection of alternative fuel and high MPG vehicles from electric vehicles (EVs) to clean diesel in its Green Traveler Collection lineup. Additionally, Hertz's car sharing service, Hertz On Demand, offers exciting EV options, including the Nissan LEAF, Chevy Volt and Mitsubishi iMiev. Recently, Hertz also expanded its electric car rental program through a pilot initiative with Plugless Power, which allows EVs to charge without being plugged into an outlet.

Operating one of the youngest and most diverse fleets in the industry, Hertz is committed to offering its customers the most technologically innovative products and services available, resulting in the fastest, easiest and most valued rental experience. This includes Hertz 'Carfirmations,' a mobile SMS text and email service that confirms a Gold member's reservation and advises them of their car and location prior to arrival at the Hertz facility; 'Gold Choice,' which gives Gold members the power to keep the car they reserved or simply choose a different car from the Gold Choice area; and Counter By-Pass and e-Return, which allow customers to bypass counter lines and go directly to their cars and then return their vehicles with the fastest car rental drop off that includes an email receipt within hours. These are all free services for Hertz Gold Plus Rewards members, which is free to join. In addition, Hertz continues to expand the presence of its ExpressRent Interactive Kiosks that let customers rent a car, with or without a reservation, through a live, face-to-face video kiosk. Finally, Hertz pioneered vehicle-specific reservation capabilities via its collections series and has the largest fleet of make and model reservable cars in the industry.

For more information, visit http://www.Hertz.com or follow Hertz on Facebook or Twitter. To learn more about Hertz's sustainability efforts, visit http://www.hertzlivingjourney.com.

About The Hertz Corporation

Hertz, the largest worldwide airport general use car rental brand, operates from approximately 8,650 corporate and licensee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and at 119 major airports in Europe. Hertz is an inaugural member of Travel + Leisure's World's Best Awards Hall of Fame and was named by the magazine's readers' as the Best Car Rental Agency. Hertz was also voted the Best Overall Car Rental Company in Zagat's 2012/13 U.S. Car Rental Survey, earning top honors in 14 additional categories, and the Company swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Choice, NeverLost, and unique cars and SUVs offered through the Company's Adrenaline, Prestige and Green Traveler Collections, also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation and operates the Hertz On Demand car sharing business. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

To make car rental reservations or for more information, customers can call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at http://www.hertz.com.

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Hertz And Liberty Tire Announce Industry's First National Tire Recycling Program

Liberty Street Advisors And Capital Innovations Launch Global Agri, Timber, Infrastructure Fund

NEW YORK, Nov. 8, 2012 /PRNewswire/ --Liberty Street Advisors, Inc. announced the launch of the Capital Innovations Global Agri, Timber and InfrastructureFund ("the Fund") (INNAX, INNCX, INNNX), the second in its series of Funds focused on income production and inflation protection. The first fund, the Center Coast MLP Focus Fund (CCCAX, CCCCX, CCCNX), was launched in 2011 and has raised $1 billion in assets as of September 30, 2012.The new Capital Innovations Fund's investments focus primarily on global stocks in agribusiness, timber and infrastructure, where long-term demand for their products may exceed supply due to secular and demographicgrowth trends. These investments tend to seek strong yields overall, while also providing a potential hedge against the threat of inflation.

Capital Innovations, the Sub-Advisor to the Fund, is a boutique investment manager specializing in investing in listed real asset strategies for institutional clients. The newly launched Fund is co-managed by Michael Underhill and Susan Dambekaln. Both Michael and Susan have spent over 20 years working with institutions to identify their specific investment needs. Mr. Underhill is the author of "The Handbook on Infrastructure Investing," published by Wiley Finance in 2010, and chairs the Real Asset Committee of the Chartered Alternative Investment Analyst Association (CAIA). Capital Innovations has previously offered individual exposure to these sectors through other investment vehicles.

"Our investment process is robust, disciplined and repeatable and we are proud to offer investors first-of-its-kind, broad exposure to several growth industries within a single mutual fund," Mr. Underhill said.

The Fund's investment process is based on a top-down, global thematic approach. The investment team analyzes countries, currencies and GDP figures, and then considers the demand outlook for global commodities, geo-political considerations, agricultural and timber products, consumption growth and monetary policies.

"Institutional investors have long experienced the potential benefits of exposures to real assets beyond the traditional 'hard commodities'. Global demand for agribusiness, timber and infrastructure have historically demonstrated the ability to provide institutions consistent yield backed by real cash flows along with the ability to thrive in inflationary environments," said Tim Reick, Founder and Chief Executive Officer, Liberty Street Advisors."Our goal in launching this fund was to provide investors the ability to include exposure to equities within these asset classes managed by an institutional manager dedicated to these specific sectors."

For more information, please contact Chris Moon at 973-850-7304 or cmoon@jcprinc.com.

About Liberty Street Advisors

Liberty Street Advisors is an SEC Registered Investment Advisor for mutual funds sub-advised by third party asset managers. Liberty Street represents a carefully selected group of money managers across the asset allocation spectrum, and specializes in distributing investment products that provide solutions to meet advisor demands. With $1 Billion in assets under management as of September 30, 2012, Liberty Street is the Advisor to both the Center Coast MLP Focus Fund and the Liberty Street Horizon Fund.

About Capital Innovations

Capital Innovations was founded in 2007 by partners Michael Underhill and Susan Dambekaln with decades of experience working with institutional investors worldwide. Capital Innovations is a Real Assets Manager investing in Infrastructure, Timber and Agribusiness focused investments. Located in Pewaukee, Wisconsin, Capital Innovations offers uniquely focused strategies through both individual and combined investment vehicles as well as through the Fund. The investment approach takes the long view, believing that doing business the right way over time will present opportunity for future growth. Macroeconomic forecasting, sector and security analysis and rigorous risk management controls address the challenges of investing volatile global markets. For more information, visit http://www.capinnovations.com.

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Liberty Street Advisors And Capital Innovations Launch Global Agri, Timber, Infrastructure Fund

Liberty Tire Recycling Announces Nationwide Partnership with The Hertz Corporation to Recover, Recycle Scrap Tires at …

PITTSBURGH, Nov. 8, 2012 /PRNewswire/ --Liberty Tire Recycling, the premier provider of tire recycling services in North America, has signed an agreement with The Hertz Corporation (HTZ), the largest worldwide airport general use car rental brand, to recover and recycle scrap tires from all of the rental agency's locations in the United States. It is the first agreement of its kind in the car rental industry and will result in the collection and recycling of more than 160,000 tires annually.

(Logo: http://photos.prnewswire.com/prnh/20091210/NE24642LOGO )

"At Liberty Tire Recycling, we are always looking at ways to develop productive partnerships that lead to the recovery and recycling of more scrap tires across North America," noted Jeffrey Kendall, CEO of Liberty Tire Recycling. "Hertz is a leader in its industry, and with this agreement, they have demonstrated definitively that they are committed to sustainable practices. With our continental footprint, we are the only company that can offer the services they are seeking, so we are delighted to partner with them."

As the premier provider of tire recycling services across the continent, Liberty Tire Recycling remains at the forefront of a conservation industry that reclaims more than 140 million scrap tires annually, representing more than a third of the scrap tires generated in the United States. Those tires are taken to one of more than 40 processing locations. They are then transformed into crumb rubber, which becomes the raw material for smart, sustainable products that improve people's lives.

Recycled rubber can be used as an additive for rubberized asphalt, which can make highways quieter and safer. It can also be transformed into rubber mulch for safer playgrounds or crumb rubber infill for better, safer athletic fields.

"This past summer, Liberty Tire Recycling donated Groundsmart Rubber Mulch to The Children's Inn at The National Institute of Health in the nation's capital, where it was used to build a new playground and for landscaping," Kendall added. "It's the kind of project that can make a difference while ensuring that scrap tires are removed from the waste stream. As playground safety surfacing, Groundsmart Rubber Mulch is far superior to its wood counterpart, because a six-inch layer ofGroundsmart Rubber Mulch will cushion a child's fall from as high as 16 feet."

Kendall went on to offer other examples:

"More and more municipalities are recognizing the benefits of using rubberized asphalt for paving highways and other roadways," Kendall continued. "It cuts maintenance costs and provides for a safer, smoother ride. It also ensures that more and more tires do not end up as landfill waste."

To help advance the adoption of rubberized asphalt, Liberty Tire Recycling was instrumental in the formation of the Rubberized Asphalt Foundation (RAF) earlier this year. A research foundation dedicated to the science and practical use of recycled tire rubber in asphalt, the organization includes individuals from academia, government and industry whose work focuses on the technical development of rubberized asphalt applications.

Liberty Tire Recycling has also been involved in the cleanup and remediation of hundreds of illegal tire dumps across North America over the past decade.

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Liberty Tire Recycling Announces Nationwide Partnership with The Hertz Corporation to Recover, Recycle Scrap Tires at ...

One Liberty Properties, Inc. Reports Third Quarter 2012 Results

GREAT NECK, NY--(Marketwire - Nov 8, 2012) - One Liberty Properties, Inc. ( NYSE : OLP ), the owner of a geographically diversified portfolio of retail, industrial, office and other properties primarily under long term leases in the United States, today announced operating results for the quarter ended September 30, 2012.

Third Quarter Highlights:

During the three months ended September 30, 2012, the Company:

Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty stated, "Our results for the third quarter represent the ongoing progress we are making in improving the quality and sustainability of our funds from operations and demonstrates the benefit of the eleven acquisitions we made in the past 15 months.While the pace of acquisitions has slowed in recent quarters, we continue to look at a significant volume of potential opportunities.Even as prices for properties continue to rise, we remain opportunistic in our acquisition activities as we seek accretive additions to the portfolio. With the balance sheet activity we completed in the third quarter, including amending our credit facility, refinancing an approximately $23 million mortgage loan and closing a property sale for a net gain of $15 million, we are well positioned to take advantage of opportunities as they arise."

Operating Results:

Rental income for the third quarter of 2012 increased 9.6% to $11.79 million from $10.76 million for the third quarter of 2011.The increase is attributable primarily to rental income earned from the eleven properties acquired by the Company since July 2011.

Total operating expenses for the third quarter of 2012 increased 6.7% to $5.23 million from $4.9 million for the third quarter in the prior year. The increase is primarily attributable to increased depreciation and amortization, real estate expenses associated with the eleven properties acquired since July 2011, and general and administrative expense.

Income from continuing operations increased 17.8% to $3.11 million, or $0.21 per diluted share, from $2.64 million, or $0.18 per diluted share, in the third quarter of 2011.

Net income attributable to One Liberty for the third quarter of 2012 increased 565% to $18.41 million or $1.23 per diluted share compared to $2.77 million or $0.19 per diluted share for the third quarter of 2011.Net income increased primarily due to the $15 million net gain, or $1.00 per diluted share, from the sale of the Madison Avenue property.

Funds from Operations:

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One Liberty Properties, Inc. Reports Third Quarter 2012 Results

Liberty Power Enters Ohio Electric Market

FT. LAUDERDALE, Fla., Nov. 8, 2012 /PRNewswire/ --Liberty Power, the nation's largest independent retail electric supplier, today announced it is now serving commercial customers in Ohio. With the launch of this new market, Liberty Power is now able to provide electricity choice to the more than 530,000* eligible businesses located in the Buckeye State.

(Logo: http://photos.prnewswire.com/prnh/20120712/FL38325LOGO )

Liberty Power is now actively selling in 14 states with competitive or "deregulated" retail electricity markets. A competitive retail market allows consumers to choose the company that will supply their electricity requirements through the existing utility delivery system. With the addition of Ohio, Liberty Power further cements itself as one of the largest retail electricity suppliers in the United States in terms of geographic scope, operating in over 50 utility territories.

"The addition of Ohio to our portfolio of active markets is a tremendous growth opportunity for the company," said David Hernandez, co-founder and CEO of Liberty Power. "We look forward to providing Ohio businesses with the competitive electricity rates and exceptional customer service that we have been delivering to customers in retail electricity markets for over 10 years," he added.

Liberty Power is offering its full suite of electricity plans for small, medium and large commercial customers in Ohio. The company offers low fixed rates for all customers, as well as index, custom-tailored block-and-index, hybrid, and renewable products for large commercial customers. The company first began its sales and marketing efforts during the summer with contract start dates beginning in October 2012.

"Initial sales efforts in the state have been well-received and we look forward to building our presence in Ohio, one relationship at a time," stated Alberto Daire, co-founder, President and Chief Operating Officer of Liberty Power.

Liberty Power is offering consolidated billing through all Ohio utilities, allowing customers to continue receiving one bill from their local utility. Ohio utilities include: Dayton Power & Light, Duke Energy, The Illuminating Company (formerly Cleveland Electric Illuminating), Ohio Edison, Toledo Edison, Ohio Power, and Columbus Southern Power.

About Liberty Power Headquartered in Fort Lauderdale, Florida, Liberty Power is the largest independent retail electric supplier in the United States based on 2012 KEMA rankings of electric retailers. The company is also the first certified, minority-owned supplier with a national footprint, and the largest Hispanic-owned energy company in the United States according to Hispanic Business. Liberty Power provides large and small businesses, government agencies and residential customers with low-cost electricity and exceptional customer service.

For more information on Liberty Power, please visit http://www.libertypowercorp.com

*Source: PUCO, Division of Market Monitoring & Assessment, "Summary of Switch Rates from EDUs to CRES Providers in Terms of Customers For the Month Ending June 30, 2012 (Updated 8-30-12)."

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Liberty Power Enters Ohio Electric Market

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Remarks by US Ambassador james B. Cunninggham on the re-Election of President Barack Obama - Video

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