StockHotTips.com Update On CVAt,CAT,OCCF,BNSF

StockHotTips.com Hot Stock News & Alerts!

Thursday November 5, 2009

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Optical Cable Corporation (Nasdaq GM: OCCF) (”OCC”) today announced that it has acquired Applied Optical Systems, Inc. (”AOS”), a designer, developer and manufacturer of specialty fiber optic connectors and connectivity solutions for military and harsh environment applications. The acquisition was completed on October 31, 2009, and Applied Optical Systems is now a wholly owned subsidiary of OCC.

OCC acquired Applied Optical Systems by exercising a warrant issued by AOS in April 2005 (as amended) for the issuance of new equity and acquiring all of the remaining capital stock of AOS from AOS’s shareholders.

Caterpillar Inc. (NYSE: CAT) and the law firm of Schlichter, Bogard & Denton today announced they have reached a tentative settlement of Martin, et al. v. Caterpillar Inc., et al., Case No 07-1009. The case involves a dispute over the administration of four 401(k) plans for Caterpillar employees and retirees and is currently pending before Judge Joe Billy McDade of the U.S. District Court for the Central District of Illinois. Under the tentative settlement, which must be approved by an independent fiduciary and Judge McDade, Caterpillar will pay $16.5 million. The net proceeds of the settlement, after court-approved attorney’s fees and expenses of settlement administration have been deducted, will be allocated to participant accounts and former participants based generally upon the number of years a participant maintained an account balance in one or more of the plans.

Caterpillar maintains it has complied with the Employee Retirement Income Security Act of 1974 (ERISA), which governs such plans. Both parties have determined that it is in the best interest of the company, its employees and its shareholders to resolve the matter in this way. The parties have litigated the case extensively since September 11, 2006, when the plaintiffs filed their initial complaint.

BNSF Railway Company (BNSF) today announced it has reached a tentative agreement with the Brotherhood of Locomotive Engineers and Trainmen (BLET) to settle wage and work rule matters concerning BNSF’s locomotive engineers for the major round of collective bargaining that will begin Jan. 1, 2010.

The agreement will settle wage and work rule issues through Dec. 31, 2014. Health and welfare issues, however, will be addressed in upcoming industry-wide negotiations.

Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT & Berlin: WTC) is pleased to announce Producer’s Choice Soy Energy (www.pcsoyenergy.com) Moberly, MO biodiesel production plant is performing above expectations.

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