MARKetTIME NEWS

[MARKetTIME]

Toron Inc. to Focus on Eastern Canadian Mining Opportunities
MONTREAL, Nov. 7, 2011 /PRNewswire/ - Toron Inc. (OTCBB: TRON)- (The Company) is a mineral exploration company focusing its business on mining gold and other valuable metals in Quebec and Ontario, Canada. The Company will shift its attention towards gold mining and exploration projects in both Ontario and Quebec, which are both mineral-rich regions in the provinces of Canada.

The Company has decided to focus on these two provinces because of mining territories that the Company believes have great potential for gold and other precious metal discoveries. Additionally, with the price of gold over $1,700 per ounce, the opportunity for exploration in these areas becomes more lucrative. The Canadian Shield is a territory of land which includes the northern parts of both of these provinces and has historically produced some of the richest mineral ores in the world. The Canadian Shield contains minerals such as gold, rare earth, silver, copper, zinc, and nickel.

Both of these provinces have well-developed infrastructure, including modern roads and power grids extending to remote areas. Mining regulations are very friendly in this region and there are many tax advantages to exploration activity.

CEO Michael Whitehead recently said, "the territories of Northern Quebec and Northern Ontario are very valuable in that they are rich in resources, but have yet to be fully discovered to their full potential. Our Company has narrowed down our prospects to these areas, and we are confident that when the Company develops a full complement of geologists, we will discover and acquire properties of merit."

About Us

Toron Inc. (www.toroninc.com) prides itself on being a new mineral exploration company focusing its attention on projects involving gold and other valuable metals. Based in Quebec, one of Canada's richest mining provinces, Toron Inc., a Nevada Incorporated Company incorporated a wholly owned subsidiary, Toron Resources Inc., for the sole purpose of exploring mining projects in Canada, and specifically, in Quebec and Ontario.

Further information on the Company can be found at www.sec.gov and the company's website at www.toroninc.com

Safe Harbor Statement

Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, but are not limited to, statements with respect to acquisitions of exploration properties in Quebec and Ontario as well as any results of exploration activities by Toron. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration development and production activities. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of its mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing Toron Inc. resources and ability to mine Toron Inc. resources, market acceptance of our products and services; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the mining sectors, and our ability to attract and retain qualified personnel. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.

SOURCE Toron Inc.





Source: PR Newswire (November 7, 2011 - 1:28 PM EST)

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[MARKetTIME]

East Texas Financial Services, Inc. Announces Date of Annual Meeting of Stockholders
East Texas Financial Services, Inc. (OTCBB:FFBT) (the "Company"), the holding company for First Federal Bank Texas, today announced that the Company's annual meeting of stockholders will be held at 2:00 p.m., local time, on January 25, 2012, at the Company's office located at 1200 South Beckham Avenue, Tyler, Texas 75701. The voting record date for the meeting will be December 7, 2011.

About East Texas Financial Services, Inc.

East Texas Financial Services (ETFS) is the holding company for First Federal Bank Texas (formerly First Federal Savings and Loan Association of Tyler), which serves individuals and businesses through four full-service branches in Smith and Upshur counties. The bank offers a range of products and services that include mortgage, commercial, and consumer loans, debit and credit cards, checking and savings accounts, and safe deposit boxes.







Source: Business Wire (November 7, 2011 - 3:05 PM EST)

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[MARKetTIME]

TechPrecision Corporation Schedules Conference Call to Report Second Quarter Fiscal 2012 Financial Results
WESTMINSTER, Mass., Nov. 7, 2011 /PRNewswire/ -- TechPrecision Corporation (OTC Bulletin Board: TPCS) ("TechPrecision", or "the Company"), an industry leading manufacturer of precision, large-scale fabricated and machined metal components and systems with customers in the alternative energy, cleantech, medical, nuclear, defense, aerospace and other commercial industries, today announced it will announce financial results for its fiscal second quarter of fiscal 2012, the period ended September 30, 2011 on Monday, November 14, 2011 after the market closes.

The Company will hold a conference call at 4:30 p.m. Eastern (U.S.) time on Monday, November 14, 2011. To participate in the live conference call, please dial 1-877-941-8418 five to 10 minutes prior to the scheduled conference call time. International callers should dial 1-480-629-9809. When prompted by the operator, mention Conference Passcode 4487258.

A replay will be available for one week starting on Monday, November 14, 2011 at 7:30 p.m. Eastern Time. To access the replay, dial 1-877-870-5176 or 1-858-384-5517. When prompted, enter Conference Passcode 4487258.

The call will also be available live by webcast at TechPrecision Corporation's website, www.techprecision.com, and will also be available over the Internet and accessible at http://viavid.net/dce.aspx?sid=00008FE9.

About TechPrecision Corporation

TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd., is an industry leading, global manufacturer of precision, large-scale fabricated and machined metal components and systems. These products are used in a variety of markets including: renewable energy (solar and wind), medical, nuclear, defense, industrial, and aerospace. TechPrecision's mission is to be the leading end-to-end global service provider to its markets by furnishing custom, fully integrated "turn-key" solutions for complete products that require custom fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation and testing. To learn more about the Company, please visit the corporate website at http://www.techprecision.com. Information on the Company's website or any other website does not constitute a part of this press release.

Company Contact:
Investor Relations Contact:

Mr. Richard F. Fitzgerald
Hayden IR

Chief Financial Officer
Brett Maas

TechPrecision Corporation
Phone: [phone]

Tel: [phone]
Email: [e-mail]

Email: [e-mail]


www.techprecision.com






SOURCE TechPrecision Corporation





Source: PR Newswire (November 7, 2011 - 3:50 PM EST)

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[MARKetTIME]

Caduceus Software Systems Corp. adds Sygnit Corp. as its Software Advisor
Caduceus Software Systems Corp. (OTCBB: CSOC) - (The Company) is pleased to announce that it has established and secured the team of Sygnit Corp., to act as software advisor for the Company.

Sygnit Corp. is a private Indiana-based corporation, which originally designed the software and has licensed to the Company the exclusive rights to develop, market and distribute the medical software suite. By utilizing Sygnit Corp’s technical knowledge and expertise in their advisory role, Sygnit Corp will assist the Company in securing its programming and technical goals and leverage their relationships in the state of Indiana for future software sales.

“We are very excited for the opportunity to work with the Sygnit team, it is an example of good will between Sygnit and our Company. Caduceus, with the cooperation of Sygnit, will do its best to market the medical software in Indiana and will work together on future developments of the software and various architectural pursuits, and documentation. This strategic relationship with Sygnit will allow Caduceus Software Systems Corp., to be able to focus on the sales and marketing, while at the same time allowing us to streamline the entire software and sales cycle. Meanwhile, this will allow Sygnit to focus and improve the quality of their product, allowing the production of new versions of the software to have more features and enhancements. This in-turn will allow the software to have easier penetration to the medical industry,” says Mr. Derrick Gidden, President of the Company.

About Us

Caduceus Software Systems Corp. (www.caduceusco.com) is a software company that specializes in developing an all-in-one solution for private practitioners and doctors. We are in the healthcare information management industry. We are headquartered in the United Kingdom, specifically located in the metropolitan city of Birmingham. Our company was created as we saw an urgent need for better patient care throughout the world. General practitioners are using unsophisticated software which acts as more administrative than acting as a time saving tool. We are called Caduceus, which is the well-known insignia used by medical professionals.

Further information on the Company can be found at www.sec.gov and the company’s website at www.caduceusco.com

Safe Harbor Statement

All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding: Caduceus Software Systems Corp. products, services, capabilities, performance, opportunities, development and business outlook, guidance on our future financial results and other projections or measures of our future performance; the amount and timing of the benefits expected from strategic initiatives and acquisitions or from deployment of new or updated technologies, products, services or applications; and other potential sources of additional revenue. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing Caduceus Software Systems Corp. products and services, ability to deploy Caduceus Software Systems Corp. services and products, market acceptance of our products and services; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and healthcare and pharmaceutical industries, and our ability to attract and retain qualified personnel. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.







Source: Business Wire (November 7, 2011 - 4:00 PM EST)

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[MARKetTIME]

Chatter Box Announces Appointment of Gene Thompson
HONG KONG, Nov. 7, 2011 /PRNewswire-Asia/ -- Chatter Box Call Center Ltd. (CXLL.OB) is pleased to announce the appointment of Gene Thompson to perform interim CFO services.

Mr. Thompson has 30 years of financial and operational experience creating and expanding privately and publicly held companies in diverse industries.

With his experience, track record, and Chatter Box's management team, the company is positioned with the corporate governance, expertise and resources to develop as well as implement its capital restructure and business expansion plans, and to emerge as an industry dominant provider of BPO services.

About Chatter Box

Chatter Box operates a Business and Knowledge Process Outsourcing Technology/IT company that is currently building out a platform which will play an active role in the IT-Telecom/BPO/CRM/Contact Center industry globally.

For more information, visit http://www.chatterboxcallcenter.com/

To subscribe to Chatter Box mailing list, visit http://clicks.skem1.com/signup/?c=1SIhHe

CXLL.OB
Oustanding: 19.5 mill.
Float: 5.4 mill.

Contact:

Shruti Khurana
Investor Relations
[phone]
Email: [e-mail]

SOURCE Chatter Box Call Center Ltd.





Source: PR Newswire (November 7, 2011 - 4:01 PM EST)

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[MARKetTIME]

The Marketing Alliance Announces Financial Results for Its Fiscal 2012 First Quarter Ended June 30, 2011
The Marketing Alliance, Inc. (OTC: MAAL) (“TMA”), a provider of services and distributor of products to independent insurance agencies throughout the United States, today announced financial results for its fiscal 2012 first quarter ended June 30, 2011 (“2012 First Quarter”).

Timothy M. Klusas, TMA’s President, provided the following update on operations, “We are pleased with our revenue growth during the quarter and continued to benefit from our existing long-term customer and carrier (supplier) relationships. Despite the various uncertainties that weighed on the economic environment, we were able to grow revenue and net income. Our decrease in operating profit, in part, was due to increases in expenses by investing in our business with the goal of growth of revenues and operating profit in future periods.”

Mr. Klusas concluded, “Our staff worked with many of our member agencies on advancing their businesses and expanding their customer bases. Everyone at our organization applauds their efforts and admires their creativity. Our motivation is simple: put competitive products in the hands of our entrepreneurs, help to provide our customers with more places and prospects where they can sell products, and help them to do it as efficiently as possible.”

Acquisition of Assets of JDC Construction, Inc.

Following the 2012 First Quarter, TMA completed the acquisition of certain assets and inventory of JDC Construction, Inc. (“JDC”), a firm specializing in erosion control, conservation services, and other construction services for farms, cities, counties, states and general contractors. While JDC is a separate company with its own management structure in place, the Company continued to integrate the business and will include the acquired assets in its fiscal 2012 second quarter financial results and six months ended September 30, 2011. Certain non-recurring expenses were incurred in this quarter related to this transaction.

2012 First Quarter Financial Review

Total revenues for the three-month period ended June 30, 2011 were $5,807,497, a 16% increase in revenues from the prior-year period. The increase was largely due to greater volumes of insurance and annuity products sold by the Company’s independent distributors.
Net operating revenue (gross profit) was $1.5 million, approximately the same as the prior year period. The Company’s gross profit margins were 26% during the period, compared to 30% for the fiscal 2011 first quarter.
Operating income was $631,048, or 11% of revenues, compared to operating income of $747,517, or 15% of revenues, for the prior-year period. Certain non-recurring expenses relating to the acquisition of certain assets of JDC Construction, Inc., without offsetting revenues, affected operating income.
Realized and unrealized losses on investments during the 2012 First Quarter totaled $51,828, compared to a realized and unrealized loss of $274,458 for the prior-year period.
Net income for the 2012 First Quarter increased 46% to $383,026, or $0.18 per share, from net income of $262,873, or $0.13 per share, in the 2011 First Quarter.
Balance Sheet Highlights

TMA’s balance sheet at June 30, 2011 reflected cash and cash equivalents of $4.2 million, working capital of $8.7 million, and shareholders’ equity of $9.6 million; compared to $3.9 million, $8.4 million, and $9.2 million, respectively, at March 31, 2011.

Four-year History – Income Items

FY 2008 FY 2009 FY 2010 FY 2011 Trailing 12

Months

(TTM)

Revenues $ 16,592,849 $ 22,694,490 $ 19,640,944 $ 21,535,235 $ 22,357,457
Operating Income 2,063,810 2,741,384 2,809,897 4,119,136 4,002,667

Net Income 522,440 1,205,604 2,532,864 3,150,323 3,270,476

Operating EPS* 0.96 1.30 1.34 1.97 1.91
Net EPS* 0.25 0.57 1.21 1.51 1.60

Note: * - Operating EPS and Net EPS stated after giving effect to the 10% stock dividend for shareholders of record as of June 15, 2011 and paid July 15, 2011 for all periods. Shares outstanding increased to 2,091,736 from 1,901,578 with this stock dividend.

About The Marketing Alliance, Inc.

Headquartered in St. Louis, MO, TMA is one of the largest organizations providing support to independent insurance brokerage agencies, with a goal of providing members value-added services on a more efficient basis than they can achieve individually.

Investor information can be accessed through the shareholder section of TMA’s website at http://www.themarketingalliance.com/si_who.cfm.

Forward Looking Statement

Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Any forward-looking statements contained in this press release represent our estimates only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our estimates as of any subsequent date. These statements involve a number of risks and uncertainties, including, but not limited to, general changes in economic conditions. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.

Consolidated Statements of Operations


Three Months Ended
30-Jun-11 30-Jun-10

Revenues $ 5,807,497 $ 4,985,275

Distributor Related Expenses
Bonus & commissions 3,716,749 2,865,905
Business processing & distributor costs 556,613 615,352
Total 4,273,362 3,481,257

Net Operating Revenue 1,534,135 1,504,018


Operating Expenses 903,087 756,501

Operating Income 631,048 747,517


Other Income (Expense)
Realized & unrealized losses on investments (51,828) (274,458)
Interest Expense (1,977) (3,947)

Income Before Provision for Income Taxes 577,243 469,112

Provision for income taxes 194,217 206,239

Net Income $ 383,026 $ 262,873

Average Shares Outstanding 1,901,578 1,901,578

Operating Income per Share* $ 0.30 $ 0.36
Net Income per Share* $ 0.18 $ 0.13

Note: * - Operating EPS and Net EPS stated after giving effect to the 10% stock dividend for shareholders of record as of June 15, 2011 and paid July 15, 2011 for all periods. Shares outstanding increased to 2,091,736 from 1,901,578 with this stock dividend.

Consolidated Selected Balance Sheet Items

As of

Assets 6/30/11 3/31/11
Current Assets
Cash & Equivalents $ 4,211,239 $ 3,982,330
Receivables 6,136,654 6,160,868
Investments 3,654,763 3,398,229
Other 409,572 412,477
Total Current Assets 14,412,228 13,953,904

Other Non Current Assets 824,635 818,538

Total Assets $ 15,236,863 $ 14,772,442

Liabilities & Stockholders' Equity

Total Current Liabilities $ 5,683,012 $ 5,601,617

Total Liabilities 5,683,012 5,601,617

Stockholders' Equity 9,553,851 9,170,825

Liabilities & Stockholders' Equity $ 15,236,863 $ 14,772,442







Source: Business Wire (November 7, 2011 - 4:05 PM EST)

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[MARKetTIME]

Great Lakes Aviation, Ltd. Reports October 2011 Traffic
CHEYENNE, Wyo., Nov. 7, 2011 /PRNewswire/ -- Great Lakes Aviation, Ltd. (OTC Bulletin Board: GLUX.OB) today announced preliminary passenger traffic results for the month of October 2011.

OCTOBER 2011 AND YEAR TO DATE STATISTICS







Oct-11
Oct-10
Change

Passengers Enplaned
44,454
45,583
(2.5)%

Revenue Passenger Miles (000)
13,842
14,224
(2.7)%

Available Seat Miles (000)
30,553
34,578
(11.6)%

Load Factor
45.3%
41.1%
4.2 pts

RASM (cents)
33.52
31.02
8.1%












YTD 2011
YTD 2010
Change

Passengers Enplaned
437,039
414,501
5.4%

Revenue Passenger Miles (000)
135,230
122,931
10.0%

Available Seat Miles (000)
310,610
322,066
(3.6)%

Load Factor
43.5%
38.2%
5.3 pts

RASM (cents)
32.85
31.45
4.5%





Great Lakes is providing scheduled passenger service at 42 airports in eleven states with a fleet of Embraer EMB-120 Brasilias and Raytheon/Beech 1900D regional airliners. Additional information is available at http://www.flygreatlakes.com/ including a current route map at http://www.flygreatlakes.com/route_map/route_map.htm.

All scheduled flights are operated under the Great Lakes Airlines marketing identity in conjunction with code-share agreements with United Airlines and/or Frontier Airlines at our Albuquerque, Denver, Los Angeles and Phoenix hubs.

Contact:
Michael Matthews, VP Finance/CFO


[phone]





SOURCE Great Lakes Aviation, Ltd.





Source: PR Newswire (November 7, 2011 - 4:09 PM EST)

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[MARKetTIME]

Great Lakes Aviation, Ltd. Reports October 2011 Traffic
CHEYENNE, Wyo., Nov. 7, 2011 /PRNewswire/ -- Great Lakes Aviation, Ltd. (OTC Bulletin Board: GLUX.OB) today announced preliminary passenger traffic results for the month of October 2011.

OCTOBER 2011 AND YEAR TO DATE STATISTICS







Oct-11
Oct-10
Change

Passengers Enplaned
44,454
45,583
(2.5)%

Revenue Passenger Miles (000)
13,842
14,224
(2.7)%

Available Seat Miles (000)
30,553
34,578
(11.6)%

Load Factor
45.3%
41.1%
4.2 pts

RASM (cents)
33.52
31.02
8.1%












YTD 2011
YTD 2010
Change

Passengers Enplaned
437,039
414,501
5.4%

Revenue Passenger Miles (000)
135,230
122,931
10.0%

Available Seat Miles (000)
310,610
322,066
(3.6)%

Load Factor
43.5%
38.2%
5.3 pts

RASM (cents)
32.85
31.45
4.5%





Great Lakes is providing scheduled passenger service at 42 airports in eleven states with a fleet of Embraer EMB-120 Brasilias and Raytheon/Beech 1900D regional airliners. Additional information is available at http://www.flygreatlakes.com/ including a current route map at http://www.flygreatlakes.com/route_map/route_map.htm.

All scheduled flights are operated under the Great Lakes Airlines marketing identity in conjunction with code-share agreements with United Airlines and/or Frontier Airlines at our Albuquerque, Denver, Los Angeles and Phoenix hubs.

Contact:
Michael Matthews, VP Finance/CFO


[phone]





SOURCE Great Lakes Aviation, Ltd.





Source: PR Newswire (November 7, 2011 - 4:09 PM EST)

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[MARKetTIME]

Azure Dynamics Plans to Announce 3rd Quarter 2011 Financial Results on November 14, 2011
Conference Call Scheduled for November 16, 2011

OAK PARK, MI, Nov. 7, 2011 /PRNewswire/ - Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) ("Azure" or the "Company"), a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium duty commercial vehicles, today announced that it plans to release its third quarter 2011 financial results on Monday, November 14, 2011, after the financial markets close.

Due to conflicting travel schedules and to ensure that both Azure's CEO and CFO are available, a conference call is scheduled for Wednesday, November 16, 2011, at 10:00 a.m. eastern standard time. Interested listeners can access the call toll free at 1-877-317-6789 from the United States and at 1-866-605-3852 from Canada. Participants from outside North America can participate in the call by dialing 1-412-317-6789. It is recommended that callers access the call at least fifteen minutes before the scheduled start time.

Azure's earnings release and an accompanying presentation will be posted to the Company's website, www.azuredynamics.com, immediately prior to the call. For those unable to participate in the live conference, a call replay will be posted on Azure's website following the call no later than November 17, 2011.

About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with a variety of partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions. For more information on how Azure Dynamics products are Driving a World of Difference, please visit www.azuredynamics.com.

The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.

# # #

Forward-Looking Statements Advisory

Certain information included in this press release constitutes forward-looking statements and information and future-oriented financial information under applicable securities legislation and is provided for the purpose of expressing management's current expectations and plans for the future.
Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

More particularly, this press release contains statements concerning Azure's anticipated third quarter earnings release and conference call. The forward-looking statements are based on a number of key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables. Although Azure believes that the expectations and assumptions used to develop the forward-looking statements are reasonable, undue reliance should not be placed on the forward-looking statements because Azure can give no assurance that they will prove to be correct.

Since forward-looking statements address future events and conditions, by their very nature they involve numerous risks and uncertainties that contribute to the possibility that the projections and forecasts in the forward-looking statements will not occur and that actual performance or results could differ materially from those anticipated in the forward-looking statements. Additional information on these risks and other factors that could affect Azure's operations and financial results are included in reports on file with the Canadian securities regulatory authorities and can be accessed through the SEDAR website at www.sedar.com.

The forward-looking statements contained in this press release are made as of the date hereof and Azure undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Additionally, Azure undertakes no obligation to comment on the expectations of, or statements made by, third parties about Azure.

SOURCE Azure Dynamics Corporation





Source: PR Newswire (November 7, 2011 - 4:15 PM EST)

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[MARKetTIME]

White Smile Global Inc. Announces That the Company Is Finalizing Distribution Agreements With Large European Cosmetics Distribution Company to Begin International Sales of Ground Breaking White Smile™ Licensed "Peroxide Free" Products Designed for the European Market
MIAMI BEACH, Fla., Nov. 7, 2011 /PRNewswire/ -- Oral Health and Teeth Whitening innovator White Smile Global Inc. (OTCBB: WSML) announced today that executives have been in talks with several large Distribution Companies throughout Europe. With the completion of the world's only authorized peroxide-free teeth whitening gel and the company's ground breaking White Smile® Complete™ Dual Oxygen-Infused™ Oral Foam, both of which have been formulated by Oral Health Expert, and Bio-chemist, Dr. Martin Giniger DMD, PhD, MsD, FICD.

Due to EU Regulatory Guidelines prohibit teeth whitening gels with more than 0.1% hydrogen peroxide in all products, these new products will be a first available to this large market. White Smile Global Executives have been utilizing international relationships to organize an effective European distribution channel that will comprise of several companies with proven successful product distribution through retail, television, and e-commerce platforms.

"The Company has received very positive feedback from the vast majority of the Distribution Companies we sent product samples out to," states White Smile Global CEO Mr. Omar Ahmadzai. He continues, "Our team is working diligently to finalize agreements with the Companies that we feel strongest about, and we fully expect to make the first of a series of announcements of these new partnerships beginning this week."

About The Products

The White Smile® Premier Non-Peroxide Teeth Whitening Gel™ is a special formulation that provides both activator and whitening agent in a single syringe. This gel contains proprietary ingredients to achieve clinically longer lasting, whiter results without the use of hydrogen or carbamide peroxide as a primary whitening agent in the gel. We have been able to microencapsulate active ingredients, and that allows even small a small amount of oxidizing agent to achieve dramatic whitening results. The patent-pending micro-encapsulation formula that contains no harsh peroxides is and is very gentle.

The White Smile Complete™ Dual Oxygen-Infused Technology™ teeth whitening foam system has a two-part formula that provides both true stain removal and whitening – and therefore it is designed to achieve longer lasting results. This revolutionary product provides exactly the same kind of results as a dental laser whitening, but it works even better because its detergent containing cleaning formula pre-treats and removes teeth stains before the whitening foam brightens the whitens the dental enamel. The secret to the technology is the fact that it is true foam, infused with oxygen, which has the ability to penetrate much faster than pastes or gels, so the results are achieved lightening fast.


About White Smile Global, Inc.

Headquartered in Miami Beach, FL, White Smile Global, Inc. (www.whitesmileglobal.com) is a global leader in oral health and teeth whitening technology. Research and Development is led by Oral Health and teeth whitening innovator, Chief Scientific Officer Dr. Martin S. Giniger DMD, PhD, MsD, FICD. All White Smile brand of products are manufactured in FDA Registered Laboratories in America.

For more information please contact:
White Smile Global Inc.
Toll Free: 1.888.WSMILE1
General Information: [e-mail]

FORWARD LOOKING STATEMENT

This announcement is not an offer to sell any White Smile Global ("WSML") or related securities. Offers for any given security are made only through applicable offering circulars and related documents filed with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of WSML may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as "intends", "anticipates", "believes", "expects", and "hopes" and includes, without limitation, statements regarding WSML's plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Also, our management may make forward-looking statements orally to investors, analysts, the media and others. Forward-looking statements express our expectations or predictions of future events or results. They are not guarantees and are subject to many risks and uncertainties. There are a number of factors beyond our control that could cause actual events or results to be significantly different from those described in the forward-looking statements. Any or all of our forward-looking statements in this report or in any other public statements we make may turn out to be wrong. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.

SOURCE White Smile Global Inc.





Source: PR Newswire (November 7, 2011 - 4:30 PM EST)

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[MARKetTIME]

Selway Capital Acquisition Corporation Announces Pricing of $20,000,000 Initial Public Offering
Selway Capital Acquisition Corporation (the "Company") (OTCBB: SWCAU), an innovated public acquisition company, or IPACSM, formed for the purpose of merging with or acquiring an operating business, today announced the pricing of its initial public offering of 2,000,000 units at a price of $10.00 per unit. Each unit issued in the initial public offering consists of one callable Series A Share and one redeemable warrant to purchase one share of common stock at an exercise price of $7.50 per share.

The Company’s units are expected to be quoted on the OTC Bulletin Board on November 8, 2011 under the ticker symbol "SWCAU". The Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 units to cover over-allotments, if any.

Prior to the effectiveness of the public offering, the Company consummated a private placement to the Company's sponsor, Selway Capital Holdings, LLC, of 2,333,333 insider warrants at a price of $0.75 per warrant. The insider warrants otherwise will be substantially similar to the warrants sold in the public offering. No placement fees will be payable in connection with the private placement. The Company will deposit $20,600,000 of the gross proceeds of the public offering and private placement into a trust account maintained by American Stock Transfer & Trust Company, LLC, acting as trustee.

Aegis Capital Corp. acted as lead book-running manager and Chardan Capital Markets, LLC acted as co-book-running manager of the offering. Loeb & Loeb LLP acted as counsel to Selway Capital Acquisition Corporation, and ZAG/S&W LLP acted as counsel to the underwriters.

The offering of these securities will be made only by means of a prospectus. A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus relating to the offering, when available, may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus related to this offering may be obtained from Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 11th Floor, New York, NY, 10019, telephone: [phone] or email: [e-mail].

IPACSM is a registered servicemark of Loeb & Loeb LLP






Source: Business Wire (November 7, 2011 - 4:32 PM EST)

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[MARKetTIME]

Solar Power, Inc. To Report Third-Quarter 2011 Results on November 10th
SPI (OTCBB:SOPW) a leading developer of photovoltaic solar energy facilities, today announced that it plans to announce its financial results for the third quarter ended September 30, 2011 after the close of market on Thursday, November 10, 2011. In conjunction with the release, SPI will host a teleconference to discuss its financial results and give a general business update.

SPI plans to hold the teleconference at 4:30 p.m. EST on Thursday, November 10, 2011. Interested participants should call 1-877-941-4774 when calling within the United States, or 1-480-629-9760 when calling internationally. A playback will be available through November 17, 2011. To listen, please call 1-877-870-5176 within the United States (or 1-858-384-5517 internationally) and use PIN number 4485649.

This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link http://viavid.net/dce.aspx?sid=00008F4E, or visiting http://www.spisolar.com or at ViaVid's website at http://viavid.net where the webcast can be accessed through November 17, 2011.

About Solar Power, Inc. (OTCBB:SOPW):

Solar Power, Inc. (SPI) is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. Through the Company’s close relationship with LDK Solar, SPI extends the reach of its vertical integration from silicon to system. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities to its business, government and utility customers. For additional information visit: www.spisolar.com.







Source: Business Wire (November 7, 2011 - 4:35 PM EST)

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[MARKetTIME]

Board Authorizes Corporate Restructuring for Shareholder Approval
STEVENSON, Wash., Nov. 7, 2011 (GLOBE NEWSWIRE) -- Total Nutraceutical Solutions, Inc. (TNS) (OTCBB:TNUS) announced today that its Board of Directors has unanimously agreed to seek shareholder approval at its upcoming Annual Shareholders Meeting in December to amend the Company's Articles of Incorporation as part of an overall strategy to expand the Company's biotechnology focus and better position and differentiate its growing portfolio of proprietary food-based solutions for the institutional and consumer markets. Once the proposed corporate actions are approved, the Company's name will change to Entia Biosciences, Inc. (ENTIA) and the existing TNS name will be transferred to a newly formed subsidiary that will concentrate exclusively on the sales and marketing of branded consumer products. ENTIA will focus on research & development of needed therapeutic dietary supplements, technology acquisition and licensing, and institutional sales of branded and private label solutions that are based on the Company's proprietary technology.

TNS started in 2008 as a consumer products company that developed and marketed mushroom-based supplements for animal and human consumption under its Sano™ brand. In 2010, the Company introduced its popular hair and nail growth supplement Groh™ that is now being sold online and through several of the country's leading salon chains. Two of the active ingredients in these products, Ergothioneine and Vitamin D2, are powerful antioxidants that the Company believes may additionally play an important role in reproductive health, stem cell preservation, neurodegenerative diseases such as multiple sclerosis, Parkinson's and Alzheimer's disease, as well as early aging. In 2011, the Company expanded into the institutional dietary supplementation market with its introduction of Ergo-D2™, an optimized blend of Ergothioneine and Vitamin D2, and the announcement of its first scientific study of the product with Massachusetts General Hospital to assess its efficacy as a potential dietary therapy or palliative therapy for Parkinson's disease patients. ENTIA intends to announce additional collaborative research studies and clinical trials in the coming months that will address other potential applications for the Company's proprietary food-based technology and products.

"Feedback from prospective customers and investors has been favorable for this next step in our corporate evolution," said Dr. Marvin S. Hausman M.D., Chief Executive Officer of TNS. "Institutions, as well as the general public, are looking for cost effective, scientifically proven solutions that can safely prevent or delay the progression of major diseases and enhance or replace existing therapies. The science of food-based biotechnology and personalized healthcare with natural products is in its infancy and ENTIA intends to become a technological leader within the institutional food sciences and supplementation markets. The use of "big-gun" costly chemical products with side effects to treat chronic disease is over-promoted and the public is most excited with the opportunity to try to prevent early stage diseases with natural food-based anti-inflammatory products."

About the Upcoming Annual Shareholders Meeting

Shareholders of record on November 4, 2011 will be entitled to vote in person or by proxy at the Company's Annual Shareholders Meeting expected to be held in Stevenson, Washington on December 19, 2011. The Company intends to file its preliminary form 14A proxy on November 11th and mail the final proxy by November 21st. In addition to approving the name change to Entia Biosciences, Inc. and transferring the TNS name to a new subsidiary, Shareholders will be asked to approve a 1:10 reverse split of the Company's common stock and the engagement of Peterson Sullivan LLC as the Company's auditors for 2012. A complete description of these matters will be disclosed in the final proxy statement distributed to Shareholders.

About Total Nutraceutical Solutions, Inc. and Entia Biosciences, Inc.

TNS is an emerging leader in whole food biotechnology that identifies, scientifically validates, and commercializes solutions that address multi-billion dollar markets for organic health, beauty and agriculture. The Company's growing portfolio of intellectual property includes extraction, enhancement, and uses for some of the most powerful antioxidants and bionutrients occurring in nature.

For more information, please visit our web sites at www.entiabio.com and www.totalnutraceutical.com

The Total Nutraceutical Solutions, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8060

Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties including, but not limited to, the risks associated with the transaction described in this press release, and other risks identified in the filings by Total Nutraceutical Solutions (TNS), Inc. with the Securities and Exchange Commission. Further information on risks faced by TNS are detailed in the Form 10-K for the year ended December 31, 2010 and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. TNS does not undertake any obligation to publicly release the result of any revision to these forward- looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Visit TotalNutraceutical.com or contact the Company at 509-427-5132 [e-mail].

[MARKetTIME]

Table Trac, Inc. to Report Fiscal 2011 Third Quarter Results on November 14th and Host Conference Call
MINNETONKA, Minn., Nov. 7, 2011 /PRNewswire/ -- Table Trac, Inc. (OTCQB: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced today that it will release financial results for the period ended September 30, 2011, its fiscal 2011 third quarter, on Monday, November 14. It will also host a conference call beginning at 4:30 p.m. EST (3:30 p.m. CT) that day. The call is open to the general public.

The conference call number is 877-652-0046 domestic or 706-679-3897 international. The conference ID code is 25971214. Please call five minutes prior to the call to ensure that you are connected. Following the call, the conference call will be available on Table Trac's website (www.tabletrac.com).

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as the Caribbean. More information is available at http://www.tabletrac.com/.

Forward Looking Statements

Statements made in this press release, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute "forward-looking statements" within the meaning of the federal securities laws. These certain statements are based on our assumptions and estimates and are subject to risks and uncertainties. You can identify these forward-looking statements by words like "strategy," "expects," "plans," "believes," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. For these statements, we claim the protection of the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.

For further information on factors that could impact Table Trac and statements contained in this press release, reference should be made to Table Trac's filings with the Securities and Exchange Commission, including quarterly reports on Forms 10-Q, current reports on Form 8-K and annual reports on Form 10-K. You can access such filings at http://www.sec.gov.

For More Information

Bob Siqveland
Director of Corporate Compliance and Investor Relations
Table Trac, Inc.
Phone: [phone]

SOURCE Table Trac, Inc.





Source: PR Newswire (November 7, 2011 - 5:44 PM EST)

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[MARKetTIME]

Game Face Gaming, Inc. (OTC.BB: IKCC), a Reality Gaming Social Network Company, Announces the Launch of Its Affiliate Program
Game Face Gaming, Inc. announced today that it has released and activated its affiliate program and that it has already begun signing up affiliates
VALLEY STREAM, N.Y., Nov. 7, 2011 /PRNewswire/ -- The company's Face Up Gaming platform (www.faceupgaming.com) is a membership based, social web site for people all over the world who like to play poker and other games. "Thousands of affiliates of wagering on-line poker sites suddenly found themselves out of business when the United States, through the DOJ, shut down these operations. Game Face Gaming operates a legal non-wagering game site where players will enjoy many games, and we are offering prospective affiliates an opportunity to join with us. Our platform lends itself to affiliate programs and ours is powered by state of the art software and pays, what we believe, are the highest commissions in the industry. Game Face Gaming is a potential new home for these affiliates and we are receiving dozens of inquiries and are responding to each potential affiliate with alacrity," stated Felix Elinson, the Company's Chief Executive Officer.

Face Up Gaming is planning to change the way subscription game sites are offered to the public. "We are technology innovators and have the team dedicated to being number one in our field. Our games are 100% legal in most states and at least 10 countries," added Mr. Elinson.

Affiliate programs are designed to help independent affiliates drive traffic to the Company's web site and to have them become paying members. Game Face Gaming will support its affiliates with a state of the art web site, marketing tools, comprehensive tracking tools, sub-affiliate programs and with a rich commission schedule.

Game Face Gaming is committed to responsible game-play and is not a gambling site. "Our goal is to maintain the thrill of online games while keeping it safe for everyone. The Company's social networking functionality provides the user base with the ability to grow their circle of friends beyond those they physically reach day to day. Users sit down to play a game and more often than not, leave making a connection with a stranger which is then maintained via the Company's social network functionalities.

Contact: [e-mail] Tel: [phone]

Forward-Looking Statement

Matters discussed in this release may constitute forward-looking statements. The U.S. Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation.

Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "intend," "anticipate," "envision," "estimate," "dozens," "project," "thousands," "forecast," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include our ability to identify and in-license and the ability to adequately fund such targeted acquisitions. Risks and uncertainties are further described in reports filed by Game Face Gaming, Inc with the U.S. Securities and Exchange Commission.

SOURCE Game Face Gaming, Inc.





Source: PR Newswire (November 7, 2011 - 7:00 PM EST)

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[MARKetTIME]

Converted Organics Announces Reverse Stock Split to Take Effect November 8, 2011









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Converted Organics (OTCBB:COIN)
Intraday Stock Chart

Today : Monday 7 November 2011

Converted Organics Inc. (OTCBB:COIN) announced today that the approved implementation of a 1-for-10 reverse split of its common stock, $.0001 par value per share will be effective at 12:01 a.m. on November 8, 2011.

Details of the Reverse Stock Split

Effective November 8, 2011, immediately and without further action by Converted Organics stockholders, every ten (10) shares of pre-split common stock, par value $0.0001 per share, will automatically be converted into one (1) share of post-split common stock par value $0.0001 per share. The reverse split affects all issued and outstanding shares of the Company's common stock immediately prior to the effective date of the reverse split.

The split-adjusted shares of common stock will begin trading on the Over the Counter Bulletin Board Market on November 8, 2011. The Company's shares will trade under the symbol "COIND," with a "D" added for 20 trading days to signify that the reverse stock split has occurred. A new CUSIP number has been assigned to the Company's common stock as a result of the reverse split.

Shareholders who would otherwise receive fractional shares as a result of the reverse split will have their shares rounded up to the next whole share.

The shareholders of Converted Organics approved proposals authorizing the Board of Directors in its discretion, to implement the reverse split at the Annual Meeting of Stockholders held on June 13, 2011.

Additional details related to the reverse stock split may be obtained from the Company's Proxy Statement dated May 6, 2011 that was filed with the SEC on May 2, 2011. A copy of the Proxy Statement is available at www.convertedorganics.com under Investors >Annual Report and Proxy.

About Converted Organics

Converted Organics' (OTCBB:COIN) mission is to promote, develop and operate profitable innovative clean technologies that contribute to the improvement of our environment by use of sustainable business practices and the judicious use of natural resources. Converted Organics Inc. is currently composed of three primary lines of business at the intersection of Agriculture, Water and Waste Recycling. Each business contributes to our mission and uses sustainable business practices that protect and value the environment. The three lines of business are Organic Fertilizer (Converted Organics), Vertical Farming (TerraSphere Systems - www.terraspheresystems.com), and Industrial Wastewater Treatment (Industrial Wastewater Resources).

The Converted Organics Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7431

This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. Forward-looking statements include, the timing of the spin-off TerraSphere, the ability of TerraSphere to obtain financing as a stand-alone entity, and the future benefits to the Company's shareholders of making the spin-off. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, including those events and factors described in the "Risk Factors" section in the Company's most recently filed annual report on Form 10-K, as updated in the Company's quarterly reports on Form 10-Q filed since the annual report, not all of which are known to the Company. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these statements. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.

COIN-G
CONTACT: Converted Organics Inc.
[e-mail]
617-624-0111

[MARKetTIME]

Attitude Drinks Announces It Will Be Featured Tomorrow on The Bill Chippas Show
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=818725&ProfileId=051205&sourceType=1
PALM BEACH GARDENS, FL -- (Marketwire) -- 11/07/11 -- Attitude Drinks (OTCBB: ATTD) (OTCQB: ATTD), today announced it will be featured on The Bill Chippas Show. Bill Chippas released the following statement:

"We have a Great Show planned for Tuesday, Nov 8th, 2011 featuring 'Attitude Drinks' (ATTD) CEO Roy Warren. Watch Live at 10:05 AM ET on WPSLTV.com www.wpsltv.com or listen live on internet radio at www.billchippasshow.com. Call in your questions ahead to 772-340-1590 or email them to [e-mail].

"An Audio Podcast will be available for Download after the Show at www.billchippasshow.com. Happy trading!"

About Attitude Drinks Inc.

Attitude Drinks Inc. is an innovative, beverage brand development company with a focus on ready-to-drink beverages. Phase III® is the Company's first, functional pure milk-based recovery drink that exploits recent scientific evidence confirming the benefits of milk and protein as an exercise recovery aid. Phase III is sold in select local, regional and national markets, including colleges, universities, convenience stores, fitness centers and gyms, as well as online. For more information, including recent clinical trial results, visit www.attitudedrinks.com.

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

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Contact:

Roy Warren
CEO
Attitude Drinks, Inc.
[phone]
Email Contact
www.attitudedrinks.com






Source: Marketwire (November 7, 2011 - 7:10 PM EST)

News by QuoteMedia

[MARKetTIME]

RegeneRx Answers Questions Regarding Phase 2 Dry Eye Trial
RegeneRx Biopharmaceuticals, Inc. (OTC Bulletin Board: RGRX) (“the Company” or “RegeneRx”). In response to questions received related to this morning’s press release, RegeneRx wishes to publicly clarify certain points and information contained within the release.


1. Exploratory clinical trials, such as the RGN-259 Phase 2 dry eye trial, by nature and design, seek to identify areas where drug candidates show activity in order to specifically focus on those activities in future clinical trials;

2. Whether the primary outcomes selected at the outset of an exploratory trial are met is less significant than identifying statistically significant outcomes that could potentially serve as approvable endpoints in pivotal Phase 3 trials;

3. We believe that the statistically significant benefits observed in our exploratory Phase 2 trial are clinically relevant and indicate beneficial activity of RGN-259 when patients are challenged within a controlled adverse environment; and

4. The statistical results identified in this morning’s press release were derived on an intent-to-treat (ITT) population, which means that all randomized patients (72) were analyzed.


Forward-Looking Statements

Any statements in this press release that are not historical facts are forward-looking statements made under the provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. You are urged to consider statements that include the words “believe,” “could,” “future,” “potential” or the negative of those words or other similar expressions to be uncertain and forward-looking. Factors that may cause actual results to differ materially from any future results expressed or implied by any forward-looking statements include risks related to uncertainties inherent in our business, including, without limitation the risk that our product candidates do not demonstrate safety and/or efficacy in future clinical trials; risks related to our ability to obtain financing to support our operations on commercially reasonable terms; the progress, timing or success of our clinical trials; difficulties or delays in development, testing, obtaining regulatory approval for producing and marketing our product candidates; regulatory developments; the size and growth potential of the markets for our product candidates and our ability to serve those markets; the scope and validity of patent protection for our product candidates; competition from other pharmaceutical or biotechnology companies; and other risks described in the Company’s filings with the Securities and Exchange Commission (“SEC”), including those identified in the “Risk Factors” section of the annual report on Form 10-K for the year ended December 31, 2010, filed with the SEC on March 31, 2011, and subsequent quarterly reports filed on Form 10-Q, as well as other filings it makes with the SEC. Any forward-looking statements in this press release represent the Company’s views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. The Company anticipates that subsequent events and developments may cause its views to change, and the Company specifically disclaims any obligation to update this information, as a result of future events or otherwise, except as required by applicable law.







Source: Business Wire (November 4, 2011 - 12:26 PM EDT)

News by QuoteMedia

[MARKetTIME]

Clarkston Financial Corporation Reports 2011 Q3 Results
CLARKSTON, Mich., Nov. 4, 2011 (GLOBE NEWSWIRE) -- Clarkston Financial Corporation ("Corporation") (OTCBB:CKFC), the holding company for Clarkston State Bank ("Bank"), today reported a net loss of $212,000 or $(0.03) per basic and diluted common share for the three months ended September 30, 2011, compared to a net loss of $752,000 or $(1.35) per share for the three months ended September 30, 2010. For the nine months ended September 30, 2011, the corporation reported a net loss of $99,000 or $0.00 per share compared to a net loss of $1,366,000 or $(0.82) per share for the same period in 2010.

J. Grant Smith, CEO, said, "We continue to diligently focus our efforts on resolving the remaining asset quality issues within our loan portfolio. We expect to experience some additional losses in order to finish the turnaround of the Corporation. We believe the Corporation's future looks bright once we can move past the asset quality issues. Our net interest income continues to improve while non interest expense continues to decline. Our team continues to make great progress and we are committed to completing the turnaround of the Corporation."

Operating Results

The Corporation's net interest income was $1,102,000 for the quarter ended September 30, 2011 compared to $972,000 for the same period ended September 30, 2010, an increase of $130,000 or 13.37%. The net interest margin of the Bank showed a slight decrease, ending at 4.44% for the quarter ended September 30, 2011, down from 4.68% for the quarter ended June 30, 2011. This decrease in net interest margin is representative of the reversal of accrued interest on loans placed onto nonaccrual during the quarter. There was a modest increase in the net interest margin from the quarter ended September 30, 2010, which was 4.37%.

Noninterest income decreased in the third quarter 2011 due to write downs of other real estate owned of $106,000, ending at $61,000 compared to $187,000 for the quarter ended September 30, 2010, a decrease of $126,000 or 67%. Noninterest expense continued to decline, ending the third quarter 2011 at $1,100,000 compared to $1,261,000 for the same period ended September 30, 2010. This represents a decline of $161,000 or 12.77%. This decrease is a direct result of lower costs related to defaulted loans. Also, the completion of the recapitalization has resulted in lower FDIC insurance premiums.

Balance Sheet

Total assets at September 30, 2011 were $114,651,000 compared to $101,984,000 at September 30, 2010, an increase of $12,667,000 or 12.42%. At December 31, 2010 total assets were $103,711,000. The increase in total assets represents the influx of cash related to the recapitalization completed by the Corporation.

Total loans increased $7,924,000 from $81,864,000 at September 30, 2010 to $89,788,000 at September 30, 2011, an increase of 9.68%. Total deposits increased $6,628,000 or 6.84%, ending at $103,538,000 for September 30, 2011, up from $96,910,000 at September 30, 2010. Total stockholders' equity increased from $(2,753,000) at September 30, 2010 to $7,475,000 at September 30, 2011, an increase of $10,228,000 or 371.52%. This increase is due to the completion of the recapitalization at the Corporation.

Asset Quality

Total non-performing loans have increased to $4,852,000 at September 30, 2011 compared to $2,800,000 from the same period 2010, an increase of $2,052,000, or 73.29%. The significant increase is primarily attributable to a single credit. The allowance for loan loss decreased to 2.41% of total loans as of September 30, 2011, compared to 3.76% for the same period 2010. The decrease was due to favorable trends in the loss history percentages utilized in the allowance for loan loss calculation. Management continually monitors the allowance for loan loss to assure it is adequate for future losses.

Clarkston State Bank opened in January 1999 and operates four branches in Clarkston, Waterford, and Independence Township, Michigan.

The Clarkston Financial Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8228

Safe Harbor. This news release contains comments or information that constitute forward-looking statements within the context of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties. Actual results may differ materially from the results discussed in the forward-looking statements. Factors that may cause such a difference include: changes in interest rates and interest-rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulations; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior and their ability to repay loans; and changes in the national and local economy. The Corporation assumes no responsibility to update forward-looking statements.

CLARKSTON FINANCIAL CORPORATION
CONSOLDATED BALANCE SHEET

(Dollars, in thousands)
(unaudited) (unaudited)
9/30/2011 12/31/2010 9/30/2010
Assets

Cash and cash equivalents:
Cash and due from banks $ 7,418 $ 7,125 $ 4,521
Federal funds sold --- --- ---
Total cash and cash equivalents 7,418 7,125 4,521

Securities – Available for sale 9,929 8,748 8,320
Federal Home Loan Bank stock, at cost 556 662 760

Loans 89,788 80,160 81,864
Allowance for possible loan losses (2,161) (2,566) (3,075)
Net loans 87,627 77,594 78,789

Banking premises and equipment 4,628 4,731 4,731
Other real estate owned 4,122 4,365 4,520
Accrued interest receivable and other assets 371 486 343
Total assets $ 114,651 $ 103,711 $ 101,984

Liabilities and Stockholders' Equity (Deficit) Liabilities
Deposits
Noninterest-bearing demand deposits 24,175 20,051 20,745
Interest-bearing 79,363 80,515 76,165
Total deposits 103,538 100,566 96,910

Other Liabilities
Federal Home Loan Bank advances --- --- 2,000
Other borrowings 3,330 5,330 5,330
Accrued interest payable and other liabilities 308 551 497
Total liabilities 107,176 106,447 104,737

Stockholders' Equity
Common stock 11,807 6,630 6,645
Paid-in capital 11,688 6,630 6,645
Restricted stock - Unearned compensation (17) (53) (117)
Accumulated deficit (16,136) (16,037) (16,073)
Accumulated other comprehensive income (loss) 133 94 147

Total stockholders' equity (deficit) 7,475 (2,736) (2,753)

Total liabilities and stockholders' equity $ 114,651 $ 103,711 $ 101,984

CLARKSTON FINANCIAL CORPORATION
CONSOLIDATED STATEMENT OF OPERATIONS

(Dollars, in thousands)
(unaudited)
Three Months Ended (unaudited)
Nine Months Ended
9/30/2011 9/30/2010 9/30/2011 9/30/2010
Interest Income
Interest and fees on loans $ 1,230 $ 1,262 $ 3,724 $ 3,833
Interest on investment securities: 81 78 247 278
Interest on federal funds sold 3 3 17 6
Total interest income 1,314 1,343 3,988 4,117

Interest Expense
Deposits 170 266 555 996
Borrowings 42 105 165 315
Total interest expense 212 371 720 1,311

Net Interest Income 1,102 972 3,268 2,806

Provision for Possible Loan Losses 275 650 275 910

Net Interest Income/(Expense) after provision for possible loan losses 827 322 2,993 1,896

Noninterest Income
Service fees on loan and deposit accounts 143 150 451 457
Gain on sale of securities --- --- 55 50
Loss on sale of other real estate owned (106) (28) (157) (115)
Other 24 66 110 213
Total noninterest income 61 187 459 604

Noninterest Expense
Salaries and employee benefits 465 498 1,488 1,485
Occupancy 144 141 450 413
Advertising 17 14 54 33
Outside processing 134 130 397 397
Professional fees 50 98 188 334
FDIC insurance 25 126 234 358
Defaulted loan expense 173 171 446 568
Other 92 82 294 279
Total noninterest expense 1,100 1,261 3,551 3,867

Loss before income taxes (212) (752) (99) (1,366)

Income Tax Benefit --- --- --- ---

Net Loss $ (212) $ (752) $ (99) $ (1,366)

CLARKSTON FINANCIAL CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS

(Dollars in thousands, except share and per share data)
Quarter Ended

9/30/2011 6/30/2011 3/31/2011 12/31/2010 9/30/2010
MARKET DATA
Book value per share $ 0.23 $ 0.24 $ 0.25 $ (1.23) $ (1.24)
Market value per share $ 0.90 $ 0.50 $ 0.90 $ 0.50 $ 0.63
Earnings per share - basic & diluted $ (0.03) $ 0.02 $ (0.03) $ 0.06 $ (1.35)
Average basic shares outstanding 31,950,625 30,142,227 5,464,777 2,225,706 2,225,706
Average diluted shares outstanding 31,950,625 30,142,227 5,464,777 2,225,706 2,225,706
Period end common shares 31,950,625 31,950,625 26,737,435 2,225,706 2,225,706

PERFORMANCE RATIOS
Return on average assets -0.76% 0.54% -0.14% 0.13% -2.85%
Return on average equity -11.04% 8.66% -13.58% -5.00% -146.81%
Net interest margin - CSB 4.44% 4.68% 4.60% 4.21% 4.37%
Efficiency ratio 94.56% 88.49% 103.03% 96.86% 108.76%
Texas Ratio 73.57% 64.49% 58.12% 143.60% 137.98%

CAPITAL & LIQUIDITY
Total Risk Based Capital - CSB 11.40% 12.03% 12.03% 3.91% 3.75%
Tier 1 Risk Based Capital - CSB 10.14% 10.77% 10.76% 2.64% 2.48%
Tier 1 Leverage - CSB 8.96% 9.18% 9.07% 2.26% 2.11%
Loan to deposit ratio 84.11% 85.40% 80.81% 79.71% 80.93%

ASSET QUALITY
Gross loan charge-offs $ 350 $ 382 $ 91 $ 559 $ 614
Net loan charge-offs $ 317 $ 358 $ 5 $ 509 $ 542
Allowance for loan and lease losses to total loans 2.41% 2.58% 3.16% 3.20% 3.76%
Nonperforming loans to total loans 5.40% 5.20% 4.09% 3.37% 3.42%
Nonperforming assets to total assets 7.83% 7.17% 6.43% 6.81% 7.18%

CLARKSTON FINANCIAL CORPORATION
LOAN INFORMATION

CATEGORY (unaudited)
9/30/2011 12/31/2010 (unaudited)
9/30/2010

Commercial Loans $ 13,112 $ 8,565 $ 8,166
Real Estate Mortgage Loans:
Commercial 63,298 57,752 58,831
1-4 Residential 9,337 9,869 10,003
Construction and other 3,483 3,160 3,943
Total mortgage loans on real estate 76,118 70,781 72,777
Consumer 558 814 921
Total Loans 89,788 80,160 81,864
Less: Allowance for loan losses (2,161) (2,566) (3,075)
Net Loans $ 87,627 $ 77,594 $ 78,789

ASSET QUALITY (unaudited)
9/30/2011 12/31/2010 (unaudited)
9/30/2010

Total nonaccrual loans $ 4,852 $ 2,700 $ 2,800
Total loans past due 90 days or more and still accruing --- --- ---
Total nonperforming loans 4,852 2,700 2,800
Other real estate owned 4,122 4,365 4,520
Total nonperforming assets $ 8,974 $ 7,065 $ 7,320

CONTACT: Media Contact:
Clarkston Financial Corporation
J. Grant Smith, CEO
248-922-6945

[MARKetTIME]

Lyris Appoints Deborah Eudaley as Chief Financial Officer
Lyris, Inc. (OTCBB: LYRI), the global digital marketing expert, today announced that the company’s board of directors appointed Deborah Eudaley as chief financial officer on November 4, 2011.

Eudaley, who joins the company today, is a technology industry veteran, bringing more than 25 years experience in finance and general management to Lyris. Prior to Lyris, Eudaley was the chief financial officer for Cloudmark, a private messaging security software company. She also served as the chief financial officer and senior vice president of finance and operations for GoldenGate Software, which was acquired by Oracle in 2009. Additionally, Eudaley served as the chief financial officer for Indivos (acquired by Solidus Networks), Alibris, and Placeware (now Microsoft), as well as held a variety of senior financial management positions at Silicon Graphics (SGI), Oracle and TRW.

“Deborah’s experience in the role of CFO and track record leading the financial success of technology companies makes her an ideal fit for Lyris as we continue to execute on our growth strategy,” said Wolfgang Maasberg, chief executive officer at Lyris. “We are thrilled to welcome Deborah to the team.”

“Lyris has proven itself as a thought-leader and innovator in the digital marketing industry. I look forward to playing an integral role as the company continues to deliver transformative marketing solutions to enable our customers to succeed in designing, implementing and executing world-class digital campaigns,” said Eudaley.

Eudaley holds a B.A. from the University of California at Berkeley and an M.B.A. from California State University, East Bay.

About Lyris

Lyris, Inc. is the global digital marketing expert, delivering the perfect blend of technology and industry knowledge to help businesses achieve value with their email marketing campaigns. Lyris' high-performance, secure and flexible email marketing platforms, Lyris HQ and Lyris ListManager (Lyris LM), optimize email efficiency by providing automated email delivery, robust segmentation and integrated social, mobile, search and analytics. The Lyris solutions portfolio is comprised of both in-the-cloud and on-premises email marketing solutions - Lyris HQ, Lyris LM - combined with customer-focused services and support. We understand the unique needs of companies and build solutions for marketers that deliver quantifiable ROI and true business value. www.lyris.com

Follow us on Twitter: @lyris
Connect on Facebook or LinkedIn
Check out the Lyris Blog







Source: Business Wire (November 4, 2011 - 12:48 PM EDT)

News by QuoteMedia

[MARKetTIME]

GBS Enterprises to Participate at TechAmerica The Classic Financial Conference on November 7th & 8th
NEW YORK, Nov. 4, 2011 (GLOBE NEWSWIRE) -- GBS Enterprises Incorporated (OTCBB:GBSX) ("GBS"), a global software and services company specializing in cloud automation, application modernization, and a comprehensive portfolio of business applications, today announced that Mr. Gary MacDonald, Executive Vice President and Chief Corporate Development Officer, will participate at the 41st Annual TechAmerica The Classic Financial Conference in San Diego, California on November 7-8, 2011.

Conference Presentation Details:

Date: Monday, November 7 - Tuesday, November 8, 2011
Location: Manchester Grand Hyatt in San Diego, California

The Classic serves as a financial catalyst for growth and innovation, enabling today's leading tech companies to tap into capital, bolster investor interest, and strengthen shareholder value by bringing together growing public technology companies and technology focused investors.

For more information on The Classic, please visit www.techamerica.org/classic.

About GBS Enterprises Incorporated:

GBS Enterprises Incorporated (OTCBB:GBSX) is the 50.1% parent company of Group Business Software (GBS), a global software and services company specializing in cloud automation. The company serves to: automate business processes; optimize system & application performance; ensure messaging security & compliance; modernize server-based applications to Web 2.0; and simplify application development & delivery.

Strong customer allegiance paired with a diversified portfolio of powerful business solutions place GBS at the forefront of the market in terms of both revenue growth and profitability. GBS has won many awards for its innovations, as well as resources spanning five time zones.

GBS has over 4,000 customers worldwide with over 4 million users of its products and services. Its North American headquarters is in New York City and its European headquarters is in Frankfurt, Germany. There are over 15 offices throughout North America and Europe. For more information, please visit www.gbs.com. The contents of the website are not incorporated by reference into this press release.

CONTACT: Michael Baum, Corporate Communications
[e-mail]

Investor Relations Contact:
Gary MacDonald, EVP and
Chief Corporate Development Officer
[e-mail]

Alliance Advisors, LLC
Alan Sheinwald, Founder and President
[phone]
[e-mail]




Source: Globe Newswire (November 4, 2011 - 1:30 PM EDT)

News by QuoteMedia

[MARKetTIME]

Azure Dynamics Announces Closing of US$5.0 Million Equity Investment by Strategic Investor - Johnson Controls
OAK PARK, MI, Nov. 4, 2011 /CNW/ - Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF), a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium duty commercial vehicles, announced today that it has closed the previously announced equity investment (the "Equity Investment") by a strategic investor, which is a wholly-owned Canadian subsidiary of Johnson Controls Inc. ("Johnson Controls").

Pursuant to the Equity Investment, Johnson Controls' Canadian subsidiary acquired, on a private placement basis, 30,796,969 common shares of Azure, at a price of CDN$0.165 per common share, for gross proceeds to Azure of CDN$5,081,500. As a result of the Equity Investment, Johnson Controls, through its Canadian subsidiary, now holds approximately 7.2% of the issued and outstanding common shares of Azure.

In connection with the closing of the Equity Investment, the Company has also entered into an agreement with Johnson Controls providing for certain amendments to, and an expansion of, Johnson Controls' existing supplier relationship with the Company.

Azure plans to use the net proceeds of the Equity Investment to fund its ongoing product development as well as general corporate and working capital requirements.

About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with a variety of partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions. For more information please visit www.azuredynamics.com.

About Johnson Controls
Johnson Controls is a global diversified technology and industrial leader serving customers in over 150 countries. Johnson Controls' 130,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Johnson Controls commitment to sustainability dates back to its roots in 1885, with the invention of the first electric room thermostat. For additional information, please visit www.johnsoncontrols.com.

The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This press release contains forward-looking statements. More particularly, this press release contains statements concerning an equity investment by a wholly-owned Canadian subsidiary of Johnson Controls Inc. The forward-looking statements are based on certain key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables for development programs, target market acceptance of Azure's products, current and new product performance, availability and cost of labor and expertise, and evolving markets for power for transportation vehicles. Although Azure believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Azure can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with Azure's early stage of development, lack of product revenues and history of losses, requirements for additional financing, uncertainty as to commercial viability, uncertainty as to product development and commercialization milestones being met, uncertainty as to the market for Azure's products and unproven acceptance of Azure's technology, competition for capital, product market and personnel, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability of management and key personnel, and acquisition integration risk. These risks are set out in more detail in Azure's annual information form which can be accessed at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and Azure undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.




Source: Canada Newswire (November 4, 2011 - 2:19 PM EDT)

News by QuoteMedia

[MARKetTIME]

Arianne Resources Acquires Pourvoirie du Lac-Paul
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0742001001&sourceType=1http://www.ccnmatthews.com/logos/20090526-arianne_200.jpghttp://www.ccnmatthews.com/logos/20101027-phos.jpg
SAGUENAY, QUEBEC -- (Marketwire) -- 11/04/11 -- Arianne Resources Inc.(the "Company" or "Arianne")(TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRSSF) is pleased to announce the acquisition of the Pourvoirie du Lac-Paul (Outfitter). This outfitter holds exclusive hunting and fishing rights on its territory. This acquisition was made necessary by the development of the phosphorus-titanium mining project T Lac Paul.

Indeed, a significant portion of mineral resources and the emplacement for the construction of infrastructure and tailings were on the territory of Lac-Paul Outfitter. Although the work of development of deposits are still held in harmony with the hunting and fishing Outfitters, the Company considered important to acquire all of the latter in order to avoid any conflict of potential use.

The acquisition was made through a private subsidiary owned 100% by Arianne. The Company also announces that most of the outfitting activities will continue as normal. The Company will issue to the seller of the outfitter 386 598 common shares at the price of $1.94 as partial payment for the outfitter plus an amount of $750,000 cash. The transaction is subject to acceptance by regulatory authorities.

Canada Phosphate (www.canadaphosphate.com ) is the wholly owned subsidiary of Arianne Resources developing the Lac a Paul phosphate-titanium deposits. These deposits should produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminant. Arianne (www.arianne-inc.com ) is a Canadian exploration company whose primary mission is to explore and develop gold, silver and other metal deposits in Canada and Mexico. The Company has 66 million shares outstanding.

Follow Arianne on:

Facebook: http://www.facebook.com/pages/Arianne-Resources-Inc/113071105425184

Twitter: http://twitter.com/arianne_dan

Youtube: http://www.youtube.com/user/ArianneResources

Flickr: http://www.flickr.com/photos/arianneresources

Resource Investing News: http://resourceinvestingnews.com/?s=Arianne

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Source:
Bernard Lapointe, CEO
[phone]
[e-mail]

Information:
Jim Cowley, President
[phone]
[e-mail]

Jed Richardson - Investor relations
[phone]
[e-mail]






Source: Marketwire (November 4, 2011 - 3:09 PM EDT)

News by QuoteMedia

[MARKetTIME]

SCI Engineered Materials, Inc. Announces Date to Release Third Quarter 2011 Results
http://media.marketwire.com/attachments/201104/25044_SCI.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=817927&ProfileId=051205&sourceType=1
COLUMBUS, OH -- (Marketwire) -- 11/04/11 -- SCI Engineered Materials, Inc. (OTCBB: SCIA) develops and commercializes technologies and also manufactures ceramics and metals for advanced applications in the physical vapor deposition industry. The Company plans to release its financial results for the third quarter 2011 after the market closes on Thursday, November 10, 2011.

About SCI Engineered Materials, Inc.

SCI Engineered Materials, Inc. manufactures ceramics and metals for advanced applications such as photonics, thin film solar, thin film batteries and semiconductors. SCI Engineered Materials, Inc. is a global materials supplier with clients in more than 40 countries. Additional information is available at http://www.sciengineeredmaterials.com.

Contact:
Robert Lentz
[phone]






Source: Marketwire (November 4, 2011 - 3:32 PM EDT)

News by QuoteMedia

[MARKetTIME]

Bank of the James Reports Third Quarter, Nine Months 2011 Earnings
Bank of the James Financial Group, Inc. (OTCBB: BOJF), a full-service commercial and retail lender, today announced unaudited results for the quarter and nine months ended September 30, 2011. Net income was $64,000 or $0.02 per share (fully diluted) in third quarter 2011, compared with net income of $506,000 or $0.15 per share (fully diluted) in third quarter 2010. The company’s net income for the nine months of 2011 was $818,000 or $0.25 per diluted share compared with $1.62 million or $0.50 per diluted share in the nine months of 2010.

The year-over-year decrease in net income primarily reflects an increased provision in 2011 for loan losses. The third quarter 2011 loan loss provision was $1.27 million compared with $600,000 in third quarter 2010, and $2.76 million in the nine months of 2011 compared with $1.44 million for the nine months of 2010.

“Thanks in great part to the hard work and dedication of our employees and managers, the bank continued to win new business, adding 269 loans and lines of credit and 861 new deposit accounts during the quarter,” said Robert R. Chapman III, President and CEO. “We feel this was a significant accomplishment in what continues to be a challenging economic environment. The bank also maintained high levels of customer retention. In particular, we are generating new relationships with small businesses seeking an alternative to their current banking relationships.

“Our positive operating results were offset by increased reserving for loan losses, a trend that we anticipate will continue in the fourth quarter. Careful monitoring of problem loans has given us a high level of confidence that we can identify troubled loans, and we believe this is the opportune time to reserve or workout these assets and remove them from the balance sheet when appropriate.

“We are encouraged by the reduction in loans 30 to 89 days delinquent, which is a key indicator of loans that represent the highest risk of potential default. In the past several quarters, delinquent loans in this category have trended downward, remaining below 2% of total loans. We believe this demonstrates a meaningful slowing of potential problem loans. While our total nonperforming assets have increased since December 31, we believe that the modest decrease since June 30 provides some indication that asset quality is improving.”

Operating Results and Income Statement Highlights

Net interest income before provision for loan losses was $3.85 million in third quarter 2011, compared with $3.94 million in third quarter 2010, the slight decline primarily reflecting a decrease in rates on the bank’s loan portfolio and other interest earning assets. The company’s nine month 2011 net interest income rose 1.4% to $11.36 million compared with $11.21 million in the nine months of 2010, primarily reflecting a 34% reduction in interest expense.

J. Todd Scruggs, CFO, said: “We have worked hard to lower our interest expense. We believe that we can further reduce our interest expense by adding new banking relationships with small businesses, many of which include demand deposit accounts on which banks traditionally pay low interest rates.”

Scruggs noted the reduction in interest expense reflected the company’s ability to mitigate interest rate compression in the current market by successfully re-pricing interest-bearing accounts. Bank of the James’ net interest margin for the three months ending September 30, 2011 was 3.85% compared with 4.10% during the prior year’s third quarter.

Total deposits increased to $375.55 million at September 30, 2011 compared with $368.39 million at December 31, 2010 and $364.51 million at September 30, 2010. Chapman noted the increase reflected growth in time deposits and both interest bearing and noninterest bearing demand deposit accounts.

Noninterest income, which includes fees from mortgage origination, was $1.20 million in third quarter 2011 compared with $954,000 in third quarter 2010, a 25% increase. Chapman explained that the increase was primarily due to an increase in gains on the sales of securities. For the nine months of 2011, noninterest income was $2.63 million compared with $2.66 million during the nine months of 2010.

Noninterest expenses, which include salaries, benefits and facilities, were relatively consistent year-over-year. “We have worked hard to operate more efficiently and maximize opportunities for greater productivity,” explained Chapman. “We have a solid infrastructure that can accommodate more business without significant additional investment.” The bank’s efficiency ratio, a measure of productivity, year-to-date was 72.1% compared with 72.2% in the nine months of 2010. Chapman explained the current efficiency ratio partially reflects costs related to processing assets in Other Real Estate Owned (OREO) and costs related to writing down certain credits.

“We anticipate as we move properties through our system, we will be able to improve our efficiency ratio,” Chapman said. “Although the demand for real estate in all sectors continues to be weak, and inventory levels high, we have been pleased with inquiries generated by the real estate website we set up, and the work being done by our specialists to sell foreclosed properties as quickly and at the best price possible.”

Balance Sheet and Capital Position

Net loans were $319.32 million at September 30, 2011 compared with $320.72 million at December 31, 2010 and $321.12 million at September 30, 2010. Scruggs noted: “We believe it’s a positive sign we’re able to maintain loan balances in our portfolio even during a period of declining loan demand.”

Average interest earning assets during the quarter ended September 30, 2011 increased 4% to $396.47 million compared with average interest earning assets of $380.94 million during the same period a year ago, primarily reflecting growth in the company’s deposits, loans and approximately $53.3 million of investment securities.

As previously noted, the company continued to appropriately reserve for loan losses in the third quarter 2011. The provision for loan losses for the nine months of 2011 was $2.76 million compared with $1.44 million in the nine months of 2010. Total nonperforming assets, which include nonperforming loans and OREO, were $16.0 million at September 30, 2011 compared with $11.8 million at December 31, 2010 and $9.73 million at September 30, 2010.

The ratio of nonperforming loans to total loans was 3.32% at the end of third quarter 2011 compared with 2.56% at December 31, 2010 and 2.14% at the close of third quarter 2010. Although this percentage is elevated, management noted it is consistent with many community banks nationwide, and reflects the bank’s need to reserve for problem loans.

The allowance for loan losses to total loans was 1.68% in third quarter 2011 compared with 1.68% at December 31, 2010 and 2.14% in third quarter 2010. Its ratio of nonperforming loans to total loans was 3.32% at the end of third quarter 2011 compared with 2.56% at December 31, 2010 and 2.14% at September 30, 2010.

Management believes although the bank’s loan loss reserve, in dollars, is up, the allowance for loan losses as a percentage of total assets, which have grown, is a meaningful positive trend. Troubled debt restructurings (TDRs) declined to $3.05 million in third quarter 2011 compared with $4.99 million at year-end 2010.

Chapman commented: “We have worked hand-in-hand with customers to restructure debt whenever there is a realistic possibility that new terms will enable them to make interest payments loans and move forward. Our reduction in TDRs reflects the fact we’ve already addressed many of these situations. The majority of troubled loans still in our system represent a limited opportunity for resolution. We believe the positive in this is fewer loans are moving into the troubled category, as indicated by our low 30 to 89 day delinquency ratio.”

Total assets were $429.44 million at September 30, 2011 compared with $418.93 million at December 31, 2010 and $415.96 million a year earlier. The holding company’s Tier 1 leverage ratio was 7.75%, the Tier 1 Risk-based capital ratio was 10.59% and the total risk-based capital ratio was 11.85%.

Chapman concluded: “Our focus for the remainder of the year will be continuing to improve the quality of our balance sheet by reserving for problem loans. We never engaged in speculative lending practices or investments that continue to negatively impact so many banks. We have strong credit review and underwriting practices, but the economy has put an exceptional strain on the finances of many businesses and individuals. Our focus on asset quality has not distracted us from aggressively marketing our capabilities and growing the loan and deposit portfolios. We believe the number of new loans and deposits clearly indicates we are having success.”

About the Company

Bank of the James, a wholly owned subsidiary of Bank of the James Financial Group, Inc., serves the greater Lynchburg, Virginia SMA, often referred to as Region 2000, which was ranked by Forbes magazine among the top 50 places in the United States for business and careers. The bank operates nine full service locations and one limited service location as well as a mortgage origination office in Forest, Virginia and an investment services division in downtown Lynchburg. The company celebrated its 12th anniversary this year. Bank of the James Financial Group, Inc. common stock is quoted on the Over The Counter Bulletin Board under the symbol "BOJF" (some web sites require BOJF.OB to quote).

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "estimate," "expect," "intend," "anticipate," "plan" and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the dates on which they were made. Bank of the James Financial Group (the "Company") undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Such factors include, but are not limited to competition, general economic conditions, potential changes in interest rates, and changes in the value of real estate securing loans made by Bank of the James (the "Bank"), a subsidiary of Bank of the James Financial Group, Inc. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission and previously filed by the Bank (as predecessor of the Company) with the Federal Reserve Board.


Bank of the James Financial Group, Inc. and Subsidiaries
(000's) except ratios and percent data
unaudited

Three months Three months
ending ending Year to date Year to date
Selected Data: Sept 30, 2011 Sept 30, 2010 Change Sept 30, 2011 Sept 30, 2010 Change
Interest income $4,836 $5,392 -10.31% $14,674 $16,233 -9.60%
Interest expense 990 1,454 -31.91% 3,315 5,028 -34.07%
Net interest income 3,846 3,938 -2.34% 11,359 11,205 1.37%
Provision for loan losses 1,272 600 112.00% 2,757 1,435 92.13%
Noninterest income 1,200 954 25.79% 2,630 2,666 -1.35%
Noninterest expense 3,706 3,556 4.22% 10,080 10,021 0.59%
Income taxes 4 230 -98.26% 334 773 -56.79%
Net income 64 506 -87.35% 818 1,642 -50.18%
Weighted average shares outstanding 3,323,743 3,301,262 0.68% 3,323,743 3,295,813 0.85%
Basic net income per share $0.02 $0.15 $(0.13) $0.25 $0.50 $(0.25)
Fully diluted net income per share $0.02 $0.15 $(0.13) $0.25 $0.49 $(0.24)



Balance Sheet at period end: Sept 30, 2011 Dec 31, 2010 Change Sept 30, 2010 Dec 31, 2009 Change
Loans, net $319,315 $320,715 -0.44% $321,124 $318,452 0.84%
Total securities 53,318 52,883 0.82% 47,960 60,789 -21.10%
Total deposits 375,547 368,390 1.94% 364,511 375,772 -3.00%
Stockholders' equity 27,359 25,495 7.31% 26,320 23,725 10.94%
Total assets 429,440 418,928 2.51% 415,955 437,681 -4.96%
Shares outstanding 3,323,743 3,323,743 - 3,301,262 3,289,867 11,395
Book value per share $8.23 $7.67 0.56 $7.97 $7.21 $0.76



Three months Three months
ending ending Year to date Year to date
Daily averages: Sept 30, 2011 Sept 30, 2010 Change Sept 30, 2011 Sept 30, 2010 Change
Loans, net $318,282 $322,566 -1.33% $319,739 $322,737 -0.93%
Total securities 61,937

[MARKetTIME]

Thwapr Adds Automated QR Code Generator to Its Content Management Dashboard
http://media.marketwire.com/attachments/201111/TN-39767_2011VANSWarpedQRCode.jpgScan this QR code to see how Thwapr delivers high-quality mobile video for the Van's Warped Tour. http://media.marketwire.com/attachments/201012/14445_ThwaprLogoMM.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=817945&ProfileId=051205&sourceType=1
NEW YORK, NY -- (Marketwire) -- 11/04/11 -- Thwapr, Inc. (OTCBB: THWI), a service for mobilizing and monetizing branded video content, today announced it now automatically generates QR (quick response) codes for each video uploaded into the Thwapr platform, simultaneously. This feature significantly reduces the time it takes to create a matching QR code to a branded video, speeding time to market and enabling marketing teams the opportunity to leverage the increasing popularity of QR codes to deliver branded content and marketing messages.

Automatic QR code generation is part of Thwapr's new Content Management Dashboard. The dashboard provides a fast and easy way for marketers to upload, disseminate and manage videos for mobile device distribution. It also includes valuable tracking and measurement of mobile video and SMS analytics with graphical charts that illustrate campaign successes and opportunities.

"Marketers are rapidly adopting the use of QR codes across multiple channels such as print, online and outdoor," said Bruce Goldstein, CEO, Thwapr. "They need a coordinated process and solution that delivers an optimized user experience. We can help them quickly harness the growing usage of QR codes and when coupled with the delivery of high quality branded video, it results in lower costs and higher engagement on thousands of different devices."

According to comScore 14 million Americans have scanned QR or bar codes on their mobile phones in June 2011. Also, newspapers, magazines and product package are the top sources of QR codes. Some experts estimate that by 2013, there will be more than 15 billion dollars pumped into advertisements via QR Codes and mobile advertising in general.

Professional sports, music and entertainment brands have utilized Thwapr's mobile video sharing including the Miami Dolphins, the Vans Warped Tour®, and the Rockstar Energy Drink Mayhem Festival®, among many others.

About Thwapr, Inc.
Founded in 2007, Thwapr empowers brands to mobilize, monetize and socialize content, extending distribution reach while delivering the highest possible quality and user experience regardless of device, network or carrier. Founded by digital video pioneers from Apple, Avid and MTV, Thwapr's patent-pending technology is revolutionizing mobile video. Thwapr is making branded mobile video sharing easy, and reliable so marketers can reach the hundreds of millions of consumers with Web-enabled mobile devices. Visit us at www.thwapr.com, follow us at www.twitter.com/thwapr or Like us on Facebook www.facebook.com/thwapr.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new products and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Thwapr's annual report on Form 10-K for the most recent fiscal year, Thwapr's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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Investor Relations:
Michael Irving
Paramount Advisors, LLC
407-878-5462
[e-mail]

Media Contact:
Jocelyn Johnson
Gravitas Communications
212-924-9500
[e-mail]






Source: Marketwire (November 4, 2011 - 4:05 PM EDT)

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[MARKetTIME]

Medisafe 1 Technologies Pre-pays Additional 2 Convertible Promissory Notes Due in Full to Avoid Dilution to Shareholders
JERUSALEM, November 4, 2011 /PRNewswire/ --

Medisafe 1 Technologies Corp. (OTCBB: MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today that the company has pre-paid two convertible promissory notes aggregating $57,000, including the interest due.

The notes beared interest at 8% per annum and were due in August , 2011 and in October , 2011. The notes had conversion rights allowing the holder of the note at any time to convert all or any part of the remaining principal balance into the Company's common stock at a price equal to 58% of the average of the lowest three trading prices for the Common Stock during the most recent ten-day period.

The note was issued to fund development of Medisafe 1's patented life-saving technology and to assist in ongoing business development. As a result of pre-payment, the non-affiliated third party lender has released Medisafe 1 Technologies from its obligation. "Medisafe 1 pre-paid the promissory notes to prevent the notes from being converted into equity," said Jacob Elhadad, CEO of Medisafe 1 Technologies Corp. "Pre-payment of the notes prevented and continues to prevent the dilution of our common stock."

About Medisafe 1 Technologies

Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle. Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.

Forward-Looking Statements

This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Medisafe 1 Technologies Corp., and its technologies. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated. Medisafe 1 Technologies Corp. public filings may be viewed at http://www.sec.gov.


Contact:
Jacob Elhadad
CEO
[phone]
[e-mail]



SOURCE Medisafe 1 Technologies Corp.





Source: PR Newswire (November 4, 2011 - 4:15 PM EDT)

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Power Solutions International to Report Third Quarter 2011 Financial Results on Monday, November 14th
Conference Call to Follow at 4:30 p.m. ET
WOOD DALE, Ill., Nov. 4, 2011 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (OTCBB:PSIX) announced today that it will release financial results for the third quarter of 2011 after the market closes on Monday, November 14, 2011. An investor conference call will follow at 4:30 p.m. EST/3:30 p.m. CST. Gary Winemaster, Chief Executive Officer, and Tom Somodi, Chief Financial Officer, will host the call.

Investors in the U.S. interested in participating in the live call should dial [phone] and enter passcode: 6483352. Those calling from outside the U.S. should dial [phone] and use the same passcode: 6483352. A telephone replay will be available approximately two hours after the call concludes through November 21, 2011 by dialing from the U.S. [phone], or from international locations [phone], and entering passcode: 6483352.

A simultaneous live webcast will be available on the Investor Relations section of the Company's website at http://www.powersint.com. The webcast will be archived on the website for one year.

About Power Solutions International

Power Solutions International, Inc. (OTCBB:PSIX) is a leader in the design, engineering and manufacture of emissions-certified alternative-fuel and conventional power systems. PSI can provide integrated turnkey solutions to leading global original equipment manufacturers in the industrial, off-road and on-road markets. The Company's unique in-house design, prototyping, engineering and testing capacities enable the customized production of clean, high-performance engines that run on a wide variety of fuels, including natural gas, propane, biogas, diesel, gasoline, or hybrid systems. PSI develops and delivers complete .97–22 liter power systems that meet both its customers' specific power needs and applicable environmental standards. The Company also provides aftermarket products and support. PSI power systems are used worldwide in power generators, forklifts, aerial lifts, industrial sweepers, as well as in equipment for oil and gas production, aircraft ground support, agriculture, and construction. For more information, please visit the company's website at http://www.powersint.com.

CONTACT: Investor Relations:
ICR, LLC
Scott Arnold
Senior Vice President
[phone]
[e-mail]

Company:
Power Solutions International, Inc.
Daniel P. Gorey
Senior Vice President of Finance
[phone]
[e-mail]




Source: Globe Newswire (November 4, 2011 - 4:25 PM EDT)

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[MARKetTIME]

Micromem Technologies Inc. Completes Private Placement and Issues Options to Directors and Employees
TORONTO, NEW YORK, Nov. 4, 2011 /CNW/ - Micromem Technologies Inc. (the "Company") (CNSX: MRM, OTCBB: MMTIF) announces the completion of a non-brokered, arm's length private placement of 1,135,022 Units at a subscription price of CDN $0.115 per Unit for the gross proceeds of CDN $130,527.50. Each Unit is comprised of one common share ("Common Share") and one common share purchase warrant ("Warrant"). Each Warrant may be exercised for one Common Share at an exercise price of CDN $0.15 for a period of one year.

The proceeds from the offering will be used for general working capital purposes and the shares will be subject to resale restrictions.

At a Board meeting on October 28, 2011, the Board passed a resolution issuing 7,475,000 options to board members and employees at a strike price of $0.20 for a period of 5 years. The price for the options was set as the greater of $0.20 or that price which is 10% higher than the closing price of trading on Friday, October 28, 2011.

Options had expired on various dates throughout 2011. The total amount of options available for issuance pursuant to the Company's previously approved Plan has not changed.

About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTC BB: MMTIF, CNSX: MRM) company. MASTInc responsibly analyzes the specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated magnetic sensor applications, MASTInc successfully powers the development and implementation of innovative solutions for healthcare/biomedical, natural resource exploration, government, information technology, manufacturing, and other industries. Visit www.micromeminc.com www.mastinc.com.

Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions may be used to identify forward-looking statements.

The CNSX or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.

###

Listing: NASD OTC-Bulletin Board - Symbol: MMTIF
CNSX - Symbol: MRM

Shares issued: 116,149,718
SEC File No: 0-26005




Source: Canada Newswire (November 4, 2011 - 4:33 PM EDT)

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[MARKetTIME]

Fresh Start Private Management Inc. Closes Merger With Fresh Start Private, Inc.
http://media.marketwire.com/attachments/201010/651022_FreshStartLogo.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=817984&ProfileId=051205&sourceType=1
LOS ANGELES, CA -- (Marketwire) -- 11/04/11 -- Fresh Start Private Management Inc. (OTCBB: CEYY), a leader in the alcohol treatment and rehabilitation industry, announced that it has finalized its merger with the private entity, Fresh Start Private, Inc.

Merging with Fresh Start Private Inc. represents the last stage in the combination of the management team of Fresh Start Management Inc. with the marketing, sales, medical and industry expertise of Fresh Start Private Inc.

"The Company is very excited to have this merger completed and is looking forward to getting the Fresh Start message out to the public. This merger represents an opportunity to fully leverage the new and effective alcohol treatment program that the Company is bringing to the market," commented Jorge Andrade, President and CEO.

Fresh Start is moving quickly to establish itself as a leader in alcohol addiction treatment, and this move will help the Company expand its services.

Alcohol problems affect employees in industries from manufacturing to information technology, from the boardroom to the shop floor. With a relatively small investment in effective prevention and treatment for alcohol problems, employers can reduce costs and help employees.

About Fresh Start Private

Fresh Start Private is an alcohol addiction, alcohol withdrawal, alcohol abuse treatment and alcohol detox rehabilitation company on the leading edge of alcohol addiction treatment. The Company has licensed a highly effective treatment and delivers target therapeutic levels of Naltrexone that significantly reduce patients' cravings for alcohol. Please visit www.freshstartprivate.com

Safe Harbor

The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. These forward-looking statements, specifically statements relating to expectations regarding commercial viability of it products and services well involve risks and uncertainties that include, among others, fluctuations in third party pricing and services; the timely receipt of necessary permits and approvals; market demand for, and/or available supplies of, alcohol treatment related products and services; unanticipated delays, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Current Report on Form 8K filed on November 4, 2011, as well as the information contained in this release, when assessing the Company and its business. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Jorge Andrade
Chief Executive Officer
714-541-6100






Source: Marketwire (November 4, 2011 - 4:45 PM EDT)

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[MARKetTIME]

SG Blocks, Inc. and CDSI Holdings Inc. Complete Merger
SG Blocks, Inc. (“SG Blocks”), a New York, NY- based provider of code engineered cargo shipping containers modified for use in safe and green construction, announced today that it completed the previously announced merger (the “Merger”) with CDSI Merger Sub, Inc. (“Merger Sub”), a Delaware corporation and a wholly-owned subsidiary of CDSI Holdings Inc., a publicly traded Delaware shell company (OTC BB: CDSI.OB) (“CDSI”). Under the term of the Merger, Merger Sub merged with and into SG Blocks, with SG Blocks surviving and becoming a wholly owned subsidiary and principal operating business of CDSI. As a result of the Merger, SG Blocks was renamed “SG Building Blocks, Inc.” and CDSI was renamed “SG Blocks, Inc.” The common stock of CDSI will continue to be traded under the symbol “CDSI.OB” until a new symbol that reflects the new name is assigned to the company.

Under the terms of the Merger, the former stockholders and warrant holders of SG Blocks were issued shares, and warrants to purchase shares, of CDSI common stock such that they now beneficially own 91% of CDSI’s common stock post-Merger on a fully diluted basis and CDSI’s former stockholders now own 8% of CDSI’s common stock post-Merger on a fully diluted basis. Ladenburg Thalmann & Co. Inc. received in the Merger 1% of CDSI common stock pursuant to contractual obligations between SG Blocks and Ladenburg Thalmann & Co. Inc.

Upon consummation of the Merger, SG Blocks’ executive officers became the executive officers of CDSI – Paul Galvin, as CEO; Stevan Armstrong, as President and COO; Brian Wasserman, as CFO; and Jennifer Strumingher as Chief Administrative Officer; and CDSI’s Board now consists of seven directors – Paul Galvin (Chairman), Stevan Armstrong, J. Bryant Kirkland III, Richard J. Lampen, J. Scott Magrane, Christopher Melton and Joseph Tacopina.

About SG Blocks

Since its inception in 2007, SG Blocks has advanced and promoted the use of code engineered cargo shipping containers in safe and “green” construction and developed and implemented the technology to break away from standardized container-construction while maintaining reduced costs. Offering a product that typically exceeds many building code requirements, SG Blocks seeks to enable developers, architects, builders and owners to achieve greener construction, faster execution and stronger buildings of higher value.






Source: Business Wire (November 4, 2011 - 5:00 PM EDT)

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[MARKetTIME]

Liquidmetal® Technologies Announces Third Quarter Earnings Release Date and Conference Call
Liquidmetal® Technologies Inc. (OTCBB: LQMT) today announced it will release financial results for the three months ended September 30th at approximately 4:00 pm (EST) on Thursday, November 10th 2011. Liquidmetal Technologies will host a conference call at 4:30 pm (EST) that day to discuss the results.

The dial-in-number to access this operator assisted call is toll free 1-877-719-9795 or Toll 1-719-325-4926 for International callers. Institutional Investors can access the call via CCBN’s password protected event management site, StreetEvents. (http://www.streetevents.com)

[MARKetTIME]

Applied Natural Gas Fuels, Inc. Announces the Formation of their New Infrastructure and Advisory Business Division and the Appointment of Kishore Duwadi as Senior Engineer
Applied Natural Gas Fuels, Inc. (“ANGF” or the “Company”) (OTCBB: AGAS.OB) today announced the formation of their Infrastructure and Advisory Business Division. This division will offer comprehensive field services and solutions to the underserved LNG and LCNG market. These services include the facilitation of site selection, permitting, engineering design, construction and maintenance. According to Frank Martelli, VP of Operations, “The Infrastructure and Advisory Business Division was created to address a void in the industry. There is strong demand for complete turn-key solutions, and our internal expertise makes us uniquely qualified to provide these services. There are also significant cross-selling opportunities between the LNG and the Infrastructure and Advisory businesses. We are confident in our ability to provide value added services to both existing and new customers in the industry.”

In connection with this newly created division, Applied Natural Gas Fuels, Inc. also announced the appointment of Kishore Duwadi to the role of Senior Engineer. Reporting to Frank Martelli, Mr. Duwadi will be responsible for leading and growing the Infrastructure and Advisory Business Division. Prior to joining Applied Natural Gas Fuels, Inc., Duwadi worked for Prometheus Energy, where he held the position of Senior Controls Engineer. “Kishore brings a tremendous amount of theoretical and hands-on experience in all aspects of the natural gas fuels business,” said Cem Hacioglu, President and CEO of ANGF. “We are extremely excited to have him join our ranks and look forward to working with him as an integral part of the Company's technical management team.”

About Applied Natural Gas Fuels, Inc.

Applied Natural Gas Fuels, Inc. produces, distributes, and sells liquefied natural gas (LNG) and compressed natural gas (CNG) to transportation, industrial, and municipal markets in the western United States and northern Mexico. It offers turn-key fuel solutions to its customers, including delivery of clean LNG fuel, equipment storage, fuel dispensing equipment and fuel loading facilities. ANGF processes LNG in its liquefaction processing plant, which is one of the two primary LNG production facilities in the western U.S. with capacity sufficient to service retail, wholesale, and industrial end users. ANGF also provides LNG and CNG storage, fueling and delivery systems, and executes turn-key fuel solutions that include equipment leasing, station installations, safety and training, temporary fueling stations, and LNG and CNG consulting services. For more information, visit ANGF's website, located at http://www.AppliedNaturalGas.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words "anticipate”, "believe”, "estimate”, "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding ANGF’s strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission.

Applied Natural Gas Fuels, Inc.









Source: Business Wire (November 4, 2011 - 8:46 PM EDT)

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[MARKetTIME]

China's top political advisor expects more cooperation with Brandenburg of Germany
China's top political advisor expects more cooperation with Brandenburg of Germany BERLIN, Nov. 4 (Xinhua) -- Visiting China's top political advisor Jia Qinglin expressed his belief on Thursday that the cooperation between Bandenburg State and its counterparts in China has broad prospect. Jia, Chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, hopes that human exchanges, particularly those among the younger generation, would be further enhanced, during his meeting with Matthias Platzeck, governor of Brandenburg. Brandburg State plays a vital role in Sino-German cooperation by taking its comparative advantage of enterprises with unique competitiveness, as they are specialized in the fields from environment protection, traffic management, energy technology, to infrastructural construction, etc, said Jia. He welcomed the firms in Brandenburg State to get more involved in Chinese modernization drive and further enhance cooperation in education, science and technology, culture, tourism. Since the two countries forged diplomatic ties in 1972, bilateral relations have been fruitful and both countries maintained good momentum in keeping frequent high-level contacts and expanding trade and economic ties, while coordinating closely in major international and regional affairs, said Jia. Platzeck said it's an honor to receive Jia in Brandenburg, which shows positive response to the cooperation between Brandenberg and China. Platzeck expressed his hope that Brandenburg State would give full play to its advantages in recyclable energy and many other fields to boost cooperation with China, against the current backdrop that China assumes increasingly more important role in stabilizing the world economy. Jia arrived in Germany on Sunday for a 6-day visit. Germany is the last stop of Jia's three-nation European tour, which has already taken him to Greece and the Netherlands. Enditem




Source: Xinhua (November 4, 2011 - 9:57 PM EDT)

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[MARKetTIME]

Thank you Hardwood!

[Hardwood]

MediaG3, Inc. (OTCPK: MDGC) a provider of wireless broadband solutions has launched a first phase of its 4G+ Broadband Network in Eau Claire, Wisconsin. This is MediaG3's second site used to test enhanced developments of their Wytec patented technologies. "Eau Claire is a joint venture with Wisconsin Wireless and CCI who already have established operations as an Internet service provider and customer base in the area. We are excited to deploy another site allowing us to test and further advance this incredible technology," remarks Val Westergard, MediaG3's chairman and CEO. MediaG3 has signed a Letter of Intent for $10 Million in funding that includes a joint venture effort in advancing the Wytec technology.

As mentioned, this is the second site for the launch of Wytec patented technologies. Earlier this year MediaG3 announced the Boise Project: "MediaG3 Pilot Projects Moving Forward With 10 GB Boise Project". The Boise system is now up and operating in selected areas. We continue to fine tune the system and will soon be offering customers Wi-Fi in various locations throughout the Boise, ID area.

MediaG3 currently has five U.S. patents directly involved in next generation mobile broadband technology that go beyond 4G in which both MediaG3 and CCI will share in its advancements and economic benefit. 4G is defined as service speeds "up to" 100 Mbps for high mobility communication and 1 Gbps for low mobility communication.

The technology to deliver broadband speeds beyond 4G has been currently addressed by macro-diversity technology, also known as group cooperative relay and beam-division multiple access. Simply said, the technology is capable of banding together multiple frequencies to form one large broadband pipe. MediaG3 will focus on the software development and network designs that effectively manage bandwidth traffic to end user devices. "This is a key component in the overall success of deploying 4G+ mobile broadband services and we are thrilled to be a part of such groundbreaking technology," says William Gray CEO of CCI.

The $10M funding facility is being arranged under a number of institutional and accredited investors arranged by Innovation Capital Management, a wholly owned subsidiary of CCI. The use of proceeds will be initially directed to the continued build-out of the Boise and Eau Claire networks.

For more information and availability of Wi-Fi and our other services please visit our website and click on the STORE button or http://www.MediaG3.com/store.

About MediaG3, Inc.

MediaG3™ Inc., (MDGC), develops and delivers wireless broadband technology products and services for today's fixed and mobile customers. MediaG3 provides wireless broadband Internet access and Internet telephone throughout the US, under the Imperial Wireless brand. MediaG3 will continue to utilize the five key US wireless patents under the Wytec name and offer wireless broadband technology, technology licensing and equipment under Wytec and Wytec "Next Generation" brands. MediaG3 is headquartered in Boise Idaho. For more information, or to register to receive updates, please visit their corporate site: http://www.mediag3.com.

http://ih.advfn.com/p.php?pid=nmona&article=49818971&symbol=MDGC

[MARKetTIME]

Lifeline Biotechnologies Supports Susan G. Komen Foundation Annual Walk for the Cure
RENO, Nev., Oct. 27, 2011 /PRNewswire/ -- Lifeline Biotechnologies, Inc. (Pink Sheets: LLBO) announced today that its First Warning Systems, in keeping with Breast Cancer Month, is supporting a Reno-based women's team participating in the annual Susan G. Komen 3-Day Walk for the Cure in San Diego, CA, November 18 - 20th.

This team is comprised of a number of concerned activists including two breast cancer survivors. First Warning Systems is sponsoring in full two members of the team: a 46 year old breast cancer survivor and single mother of three whose cancer was missed by the mammogram. She also sits on one of the Komen Chapter Boards. Another team member is a 40 year old two-time cancer survivor who was diagnosed with breast cancer at the age of 28. These women are avid supporters of the First Warning System (FWS) early detection device, an accurate, non-invasive screening test validated with over 500 women in three rounds of clinical trials.

The FWS has been developed to address and solve the poor performance rates of existing breast cancer screening modalities. The FWS, unlike the mammographic screening process, is non-invasive and does not involve compression or radiation. The test involves placing a discrete sensor array under the bra which records skin surface temperatures over a specific period of time. The recorded data reflects the change of deep tissue temperatures over time, potentially representing various stages of angiogenesis, an indicator of cancer. The captured data is transmitted to the FWS interpretive center where the data is processed by a proprietary network of algorithms trained to identify various forms and stages of breast tissue abnormalities, then returned to the physician's office to enhance and assist in the physicians' clinical recommendations.

In its development and clinical trials, the FWS has attained sensitivity (false positive) and specificity (false negative) of over 90%, compared to mammographic screening which ranges in 70% accuracy rates. It is well known that the mammogram is missing or misdiagnosing approximately 30% of the cancers it screens for. The FWS was developed to increase the safe and effective level of early detection accuracy at the screening level, enabling a superior treatment regime, as well as to reduce the need for unnecessary procedures often recommended due to uncertain and vague mammographic screening results, especially in young women and women with dense breast tissue. First Warning Systems is preparing for a final round clinical trial expected to be limited in the number of patients required according to and in compliance with FDA guidelines. Following this limited clinical trial a medical device submission is to be filed with the FDA for marketing clearance.

Updating, DTC has not removed the "Chill" on Lifeline's stock. The Company's efforts continue to get the "Chill" removed, although the success and timing remain uncertain.

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, the ability to obtain financing, successful development of the Company's product or market acceptance of the product and regulatory and shareholder approval for anticipated actions.

CONTACT: Lifeline Biotechnologies, Inc.


Jim Holmes, 775-326-9614
Email: [e-mail]
website: www.lbti.com





SOURCE Lifeline Biotechnologies, Inc.





Source: PR Newswire (October 27, 2011 - 3:01 PM EDT)

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[MARKetTIME]

NIS Holdings Corp. Receives FINRA Approval for Reverse Stock Split
NEW YORK, Oct. 27, 2011 /PRNewswire/ -- NIS Holdings Corp. (OTC: NISC) announced today that it has received approval from the Financial Industry Regulatory Authority (FINRA) clearing the reverse stock split previously announced on October 18, 2011. According to FINRA's approval, the 1 for 100 reverse stock split will take effect at the open of business October 28, 2011. On the Effective Date, the Company's trading symbol will be "NISCD". That extra "D" will remain for 20 business days after which the trading symbol will revert to NISC.

About NIS Holdings Corporation

NIS Holdings Corp. is registered in Carson City, Nevada and headquartered in New York City. The Company specializes in the acquisition of firms in profitable markets with high-potential and capable of achieving sustainable growth.

http://www.nisholdings.com

NIS Holdings is a public company trading on the OTC under the symbol NISC.

Issued by NIS Holdings, Corp.

For further information in this release please contact Ms. Vasiliki Anagnostou at NIS Holdings, Corp. on tel.: [phone], fax: [phone], e-mail: [e-mail]

This document was produced by and the opinions expressed are those of NIS Holdings Corp. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of NIS Holdings Corp. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but NIS Holdings Corp. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

This release may contain forward-looking statements, including, without limitation, statements containing the words "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," "could," "stands to," and "continues," as well as similar expressions. Such forward- looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of NIS Holdings Corp., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. NIS Holdings Corp. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.

SOURCE NIS Holdings, Corp.





Source: PR Newswire (October 27, 2011 - 4:05 PM EDT)

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[MARKetTIME]

Pacific Sands, Inc. Reports Fiscal 2012 First Quarter Revenue Growth, Strong Pipeline of Orders Entering Fiscal Second Quarter
http://media.marketwire.com/attachments/201003/3701_New-PFSD-WEB-concept_03.gifhttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=814589&ProfileId=051205&sourceType=1
RACINE, WI -- (Marketwire) -- 10/27/11 -- Pacific Sands, Inc. (OTCQB: PFSD) (PINKSHEETS: PFSD) (www.pacificsands.biz), which manufactures environmentally friendly, non-toxic liquid and powder cleaning, laundry, and water treatment products, announced today it anticipates sales for the fiscal 2012 first quarter ended September 30, 2011 will be $350,311 (unaudited), which would represent an 11.3% increase compared with sales of $314,779 in fiscal first quarter 2011.

Management anticipates sales in October, 2011 will exceed $210,000 -- nearly 75% of total sales in fiscal second quarter 2011 -- and that fiscal second quarter sales could exceed $400,000, which would be 36% higher than the prior year's fiscal second quarter. The company recently announced revenue for the year ended June 30, 2011 was 39% higher than the previous year. Pacific Sands has set a goal of $2 million revenue in fiscal 2012, which would represent 28% growth compared with fiscal 2011.

"Fiscal 2011 was a watershed year of significant revenue growth, transitioning to profitable operation, and sharply reducing debt while strengthening working capital," said Michael Michie, president and CEO. "With a strong pipeline of orders across all product lines, efficient manufacturing and distribution capabilities, and invigorated marketing, we are enthusiastic about the coming year.

"Fiscal 2012 is off to a fast start. Our branded Natural Choices products and ecoone pool and spa treatment products continue to receive a very positive reception, and we have steadily expanded our private-label business. Consumers are embracing effective, non-toxic products in growing numbers. We anticipate our operational and expense improvements and double-digit revenue growth will drive profits and significantly enhance shareholder value."

Recent Highlights

The company is attending the International Pool, Spa, and Patio Exposition in Las Vegas in early November, and expects to pre-sell ecoone branded products next week, building on last season's strong growth in pool and spa water treatments.
Pacific Sands' recent sale of its Internet and retail sales segment will result in nearly $100,000 profit in fiscal second quarter 2012 and enable the company to completely focus on its rapidly growing manufacturing and distribution business.
The company hired veteran Peggy Stover as vice president, marketing and sales, to lead brand development and sales.
In fiscal 2011, Pacific Sands reduced total liabilities 63%, which has resulted in a significant reduction of interest expense.
Turning a working capital deficit to a working capital surplus in fiscal 2011 has enabled the company to accelerate order fulfillment.
In addition to enhancing shareholder value through increasing profitability, a significant tax-loss carry forward should result in several years of no tax liability.
About The Company
Pacific Sands, Inc. (www.pacificsandsinc.com) is a rapidly growing company that develops, markets and sells unique non-toxic, earth-, health- and child-friendly products for cleaning, personal hygiene, and water maintenance applications. The company's ecoone® Spa Treatment system was named a "Top 50 product for 2008" by Pool and Spa News. Wal-Mart's Innovation Network awarded one of the company's products the highest "Success Likelihood Score" ever granted in the program's 22-year history.

Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business. Therefore, actual outcomes and results may differ materially from those made in forward-looking statements.

Contact:
Michael Michie
President and CEO
262-619-3261
[e-mail]






Source: Marketwire (October 27, 2011 - 4:07 PM EDT)

News by QuoteMedia

[MARKetTIME]

Paul Mueller Releases Third Quarter Results
SPRINGFIELD, Mo., Oct. 27, 2011 (GLOBE NEWSWIRE) -- PAUL MUELLER COMPANY (OTC:MUEL.PK) TODAY RELEASED ITS THIRD QUARTER REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2011, AS FOLLOWS:


PAUL MUELLER COMPANY AND SUBSIDIARIES
NINE-MONTH REPORT
Unaudited

CONSOLIDATED SUMMARIES OF OPERATIONS

Three Months Ended Nine Months Ended Twelve Months Ended
September 30 September 30 September 30
2011 2010 2011 2010 2011 2010

Net Sales $ 36,814,000 $ 36,962,000 $ 110,203,000 $ 94,755,000 $ 145,081,000 $ 135,111,000
Cost of Sales 24,748,000 28,773,000 74,352,000 69,827,000 98,471,000 100,204,000
Gross Profit $ 12,066,000 $ 8,189,000 $ 35,851,000 $ 24,928,000 $ 46,610,000 $ 34,907,000
Selling, General and Administrative Expense 11,074,000 8,986,000 34,260,000 28,391,000 45,206,000 38,267,000
Operating Income $ 992,000 $ (797,000) $ 1,591,000 $ (3,463,000) $ 1,404,000 $ (3,360,000)
Other Income (Expense) (987,000) (662,000) (2,368,000) (1,741,000) (2,745,000) (2,516,000)
Income before Provision for Income Taxes $ 5,000 $ (1,459,000) $ (777,000) $ (5,204,000) $ (1,341,000) $ (5,876,000)
Provision for Income Taxes 121,000 (452,000) 797,000 (2,043,000) 6,010,000 (3,076,000)
Net Income $ (116,000) $ (1,007,000) $ (1,574,000) $ (3,161,000) $ (7,351,000) $ (2,800,000)

Earnings per Common Share –– Basic ($0.10) ($0.84) ($1.32) ($2.65) ($6.15) ($2.22)
Diluted ($0.10) ($0.84) ($1.32) ($2.65) ($6.15) ($2.22)

NOTES: 1) Domestic sales for the third quarter of 2011 were $24,026,000 and the net loss was $361,000, compared to 2010 when sales were $24,343,000 and the net loss was $1,305,000. For 2011, Mueller BV sales for the third quarter were $12,788,000 and net income was $245,000, compared to 2010 when sales were $12,619,000 and net income was $298,000.

2) The results for the three months, nine months, and twelve months ended 9/30/11, were adversely affected by severance and noncompete payments totaling $961,000 and the accrual of $2,721,000 (a current non-cash charge) for the actuarial present value of a life annuity all of which are in accordance with the employment agreement of the former President and CEO.

3) The results for the three months, nine months, and twelve months ended 9/30/11, were adversely affected by one time fees associated with the new bank financing (credit revolver and terms loans) totaling $670,000.

4) The provisions for income taxes for the three months, nine months, and twelve months ended September 30, 2011 included a valuation allowance against a portion of the company's net deferred tax assets of $126,000 971,000 and 1,748,000 respectively


SUMMARIZED CONSOLIDATED BALANCE SHEETS

September 30 December 31
2011 2010

Current Assets $ 56,049,000 $ 40,997,000
Net Property, Plant, and Equipment 40,787,000 44,829,000
Other assets 16,176,000 16,452,000
Total Assets $ 113,012,000 $ 102,278,000

Current Liabilities $ 61,044,000 $ 46,047,000
Long-Term Debt 15,459,000 18,177,000
Other Long-Term Liabilities 19,488,000 20,231,000
Shareholders' Investment 17,021,000 17,823,000
Total Liabilities and Shareholders' Investment $ 113,012,000 $ 102,278,000

Book Value per Common Share $13.18 $13.81
Total Shares Outstanding 1,291,074 1,291,074
Backlog $ 61,529,000 $ 31,044,000

CONTACT: Marcelino Rodriguez - Secretary & CFO
Springfield, Missouri
[phone]




Source: Globe Newswire (October 27, 2011 - 5:20 PM EDT)

News by QuoteMedia

[MARKetTIME]

Grupo Elektra Announces 20% EBITDA Growth to Historical Maximum of Ps.2,001 Million in 3Q11
--Consolidated revenue grows 41% during the period, to Ps.15,691 million, supported by 69% growth in financial revenue-- --Delinquency rate of Banco Azteca Mexico reduced to 3.7%-- --Banco Azteca Mexico gross portfolio shows solid growth of 56% to Ps.35,586 million--
MEXICO CITY, Oct. 27, 2011 /PRNewswire/ -- Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA*; Latibex: XEKT), Latin America's leading financial services company and specialty retailer, reported today its financial results for the third quarter of 2011.

"We achieved a historical maximum in EBITDA for a third quarter, as a result of outstanding growth in the company's consolidated revenue, together with continuous operations efficiency," said Grupo Elektra and Banco Azteca CEO Carlos Septien. "The momentum in revenue growth is a result of 69% growth in the financial business, within the context of significant expansion in the credit portfolio, as well as from the dynamism in the sale of products as millions of families seek our superior goods and world class services."

"Our assets quality grew stronger during the quarter, Banco Azteca Mexico delinquency rate shrank more than a percentage point, to 3.7% to the end of the period, as a consequence of our thorough market knowledge and effective risk analysis," added Mr. Septien.

Consolidated third quarter results

Consolidated revenue was Ps.15,691 million, up 41% from Ps.11,159 million for the same quarter last year. Costs and operating expenses were Ps.13,690 million, compared to Ps.9,494 million in the same period of 2010.

Grupo Elektra reported EBITDA of Ps.2,001 million, a historical maximum for a third quarter, and 20% higher than the Ps.1,666 million for the same period of last year. The EBITDA margin was 13% this quarter. The company registered net income of Ps.14,577 million, compared to Ps.343 million a year ago.




3Q 2010
3Q 2011
Change




Ps.
%







Consolidated revenue
$11,159
$15,691
$4,532
41%







EBITDA
$1,666
$2,001
$335
20%







Net result
$343
$14,577
$14,234
-----







Net result per share
$1.41
$60.31
$58.90
-----







Figures in millions of pesos.

As of September 30, 2010, Elektra* outstanding shares were 242.7 million and the number of shares as of September 30, 2011, was 241.7 million.






Consolidated revenue

Consolidated revenue grew 41%, to Ps.15,691 million, as a result of a remarkable 69% growth in the financial business and a 9% growth in commercial sales.

Costs and expenses

Consolidated costs were Ps.8,771 million, compared to Ps.5,496 million from a year ago.

Consolidated costs include financial cost -which represents the creation of loan-loss reserves and interest paid to depositors on savings- as well as sales cost, which mainly represents the cost of goods sold.

Operating expenses were Ps.4,919 million, compared to Ps.3,998 million for the same period a year ago; the change is mainly explained by increases in personnel expenses, in the context of growing operations of the company.

EBITDA and net result

Consolidated EBITDA was Ps.2,001 million, 20% higher than the Ps.1,666 million reported a year ago; the EBITDA margin for the quarter was 13%.

The most significant change below EBITDA was an increase of Ps.19,042 million in other financial income, as a result of a more favorable valuation this quarter of financial instruments owned by the company -which does not imply cash flow. That change was partially offset by a Ps.5,595 increase in tax provision, congruent with the company's fiscal obligations.

Grupo Elektra reported net income of Ps.14,577 million, compared to the Ps.343 million a year ago.

Cash and cash equivalents

As of September 30, 2011, total cash and cash equivalents were Ps.63,932 million, compared to Ps.64,201 million for the prior year. At the end of the quarter, the cash and investments balance for the financial business was Ps.32,205 million, and for the commercial business was Ps.31,727 million.

Consolidated loan portfolio and deposits

Banco Azteca Mexico and Banco Azteca and Elektrafin Latin America's consolidated gross portfolio was Ps.38,675 million, 59% higher than Ps.24,305 million a year ago. The consolidated past due loans were Ps.1,781 million, compared to Ps.1,518 million a year ago.

The consolidated delinquency rate was 4.6% at the end of the period, compared to 6.3% from last year.

As of September 30, 2011, consolidated deposits were Ps.53,359 million, 5% above the Ps.50,872 million a year ago.

Financial business

Banco Azteca Mexico

The gross portfolio was Ps.35,586 million, 56% higher than the Ps.22,882 million a year ago. The non-performing loan portfolio was Ps.1,332 million at the end of the period, compared to Ps.1,211 million from last year.

The bank's delinquency rate as of September 30, 2011 was 3.7%, more than a percentage point bellow the 5.3% a year ago. The non-performing loan portfolio is reserved 1.7 times, above the 1.4 times from the previous year.

The company does effective risk analysis, and has thorough knowledge of its target market and the payment capability of its customers, which translates into strength in the quality of its assets.

At the end of the quarter, the bank had a total of 12.2 million active credit accounts, 31% above the 9.3 million from the previous year. The large customer base is an additional strength of the bank that further reduces credit risk. The average term of the credit portfolio for principal credit lines —consumer, personal loans and Tarjeta Azteca— was 58 weeks at the end of the third quarter.

Deposits from clients of Banco Azteca Mexico were Ps.54,823 million at the end of the quarter, 7% more than the Ps.51,029 million of the previous year. At the end of the period, the bank had a total of 12.3 million active savings and deposit accounts, an 18% increase from the 10.4 million accounts at the end of the same period a year ago.

As of September 30, 2011, the estimated capitalization index of Banco Azteca was 12.7%. The company considers the index to be at a level that optimizes equity profitability.

During the third quarter, revenue from Banco Azteca Mexico was Ps.8,573 million, 77% higher than the Ps.4,831 million reported a year ago. The financial cost for the bank during the quarter was Ps.2,036 million.

Seguros Azteca

Grupo Elektra's insurance companies -Seguros Azteca and Seguros Azteca Danos- reported combined revenue of Ps.324 million in the quarter and EBITDA of Ps.126 million. Total assets as of September 30, 2011 were Ps.2,585 million, 19% above the previous year; and shareholders' equity was Ps.1,560 million, 24% higher than the Ps.1,259 million reported a year ago.

Afore Azteca

As of September 30, 2011, Afore Azteca's assets under management were Ps.11,322 million. Total revenue was Ps.49 million, and EBITDA was Ps.30 million.

Commercial business

Revenue from the commercial business in the quarter was Ps.5,841 million, 9% above the Ps.5,342 million reported a year ago.

As of September 30, 2011, total debt with cost of the commercial business was Ps.14,824 million. Net cash for the commercial business - excluding debt- was a positive Ps.16,903 million, compared to a positive balance of Ps.16,675 million as of September 30, 2010.

Expansion

Grupo Elektra currently has 2,611 points of sale, compared to 2,018 a year ago. This change is mainly due to the increase in the number of Financial Services Stores, as part of the company's strategy to strengthen this business segment. There are 2,139 points of sale in Mexico, and 472 in Central and South America. The company's large distribution network allows us to stay close to customers and provides superior market positioning in Mexico and Latin America.

Nine months results

Total consolidated revenue in the first nine months of 2011 was Ps.42,514 million, 28% higher than the Ps.33,240 million a year ago. The company reported EBITDA of Ps.5,730 million, 13% above the Ps.5,073 for the same period a year ago; the EBITDA margin in the first nine months of 2011 was 13%. The company registered consolidated net income of Ps.18,883 million, compared to a loss of Ps.1,904 million a year ago, mainly due to an appreciation this period in the market value of underlying financial instruments that the company holds, which doesn't imply cash flow, compared to depreciation in the prior year.




9M 2010
9M 2011
Change




Ps.
%







Consolidated revenue
$33,240
$42,514
$9,274
28%







EBITDA
$5,073
$5,730
$657
13%







Net result
$(1,904)
$18,883
$20,787
----







Net result per share
$(7.85)
$78.13
$85.98
----

Figures in million of pesos.

As of September 30, 2010, Elektra* outstanding shares were 242.7 million and the number of shares as of September 30, 2011, was 241.7 million.






Company Profile:

Grupo Elektra (www.grupoelektra.com.mx) is Latin America's leading financial services company focused on the mass market. The Group operates over 2,600 points of sale in Mexico, Brazil, Guatemala, Honduras, Peru, Panama, El Salvador and Argentina. Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through Banco Azteca branches located in Mexico, Brazil, Panama, Guatemala, Honduras, Peru and El Salvador.

Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to build the middle class of the countries in which they operate and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. The companies include Azteca (www.irtvazteca.com), Azteca America (www.aztecaamerica.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx) and Grupo Iusacell (www.iusacell.com.mx). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, the member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Other risks that may affect Grupo Elektra and its subsidiaries are identified in documents sent to securities authorities.

Investor Relations

Bruno Rangel

Grupo Salinas

Tel. [phone]

[e-mail]

Carlos Casillas

Grupo Salinas

Tel. [phone]

[e-mail]







Press Relations

Tristan Canales

Grupo Salinas

Tel. [phone]

[e-mail]

Daniel McCosh

Grupo Salinas

Tel. [phone]

[e-mail]







GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIES

CONSOLIDATED INCOME STATEMENTS

MILLIONS OF MEXICAN PESOS






















3Q10

3Q11

Change











Financial income
5,817
52%

9,850
63%

4,033
69%

Commercial income
5,342
48%

5,841
37%

499
9%

Income
11,159
100%

15,691
100%

4,532
41%











Financial cost
1,797
16%

4,621
29%

2,824
----

Commercial cost
3,698
33%

4,150
26%

452
12%

Costs
5,496
49%

8,771
56%

3,276
60%











Gross income
5,664
51%

6,920
44%

1,256
22%











Sales, administration and promotion expenses
3,998
36%

4,919
31%

921
23%

Depreciation and amortization
519
5%

434
3%

(85)
-16%

Operating expenses
4,517
40%

5,353
34%

837
19%











Operating income
1,147
10%

1,567
10%

420
37%











EBITDA
1,666
15%

2,001
13%

335
20%











Comprehensive financial result:









Interest income
182
2%

51
0%

(131)
-72%

Interest expense
(251)
-2%

(334)
-2%

(84)
-33%

Foreign exchange (loss) gain, net
(59)
-1%

775
5%

834
----

Monetary loss
-
0%

-
0%

-
0%

Other financial (expense) income, net
(660)
-6%

18,382
117%

19,042
----


(788)
-7%

18,874
120%

19,662
----











Other expense, net
(5)
0%

(13)
0%

(8)
----











Participation in the net income (expense) of









CASA and other associated companies
64
1%

(181)
-1%

(245)
----











Income before income tax
418
4%

20,246
129%

19,829
----











Income tax
(75)
-1%

(5,669)
-36%

(5,595)
----











Income before discontinued operations
343
3%

14,577
93%

14,234
100%











Loss on discontinued operations
-
0%

-
0%

-
0%











Consolidated net income
343
3%

14,577
93%

14,234
----





GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIES

CONSOLIDATED INCOME STATEMENTS

MILLIONS OF MEXICAN PESOS




9M10

9M11

Change











Financial income
17,373
52%

24,903
59%

7,530
43%

Commercial income
15,867
48%

17,611
41%

1,744
11%

Income
33,240
100%

42,514
100%

9,274
28%











Financial cost
5,778
17%

10,874
26%

5,096
88%

Commercial cost
10,908
33%

12,203
29%

1,295
12%

Costs
16,686
50%

23,077
54%

6,390
38%











Gross income
16,554
50%

19,437
46%

2,883
17%











Sales, administration and promotion expenses
11,481
35%

13,708
32%

2,227
19%

Depreciation and amortization
1,495
4%

1,293
3%

(202)
-14%

Operating expenses
12,976
39%

15,001
35%

2,024
16%











Operating Income
3,578
11%

4,436
10%

859
24%











EBITDA
5,073
15%

5,730
13%

657
13%











Comprehensive financial result:









Interest income
437
1%

575
1%

138
32%

Interest expense
(822)
-2%

(928)
-2%

(106)
-13%

Foreign exchange (loss) gain, net
(167)
-1%

504
1%

671
----

Other financial (expense) income, net
(5,613)
-17%

21,870
51%

27,483
----


(6,166)
-19%

22,021
52%

28,187
----











Other expense, net
(41)
0%

(31)
0%

10
25%











Participation in the net income (expense) of









CASA and other associated companies
115
0%

(200)
0%

(315)
----











(Loss) income before income tax
(2,514)
-8%

26,226
62%

28,741
----











Income tax
610
2%

(7,343)
-17%

(7,953)
----











Consolidated net (loss) income
(1,904)
-6%

18,883
44%

20,787
----





GRUPO ELEKTRA, S.A.B. DE C.V. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET

MILLIONS OF MEXICAN PESOS
















Commercial Business
Financial Business
Eliminations in Consolidation
Grupo Elektra

Commercial Business
Financial Business
Eliminations in Consolidation
Grupo Elektra













Change
















At September 30, 2010

At September 30, 2011

















Cash and cash equivalents
859
11,570

12,430

1,905
13,288

15,193

2,764
22%















Marketable financial instruments
24,306
27,464

51,771

29,822
18,917

48,739

(3,032)
-6%















Commercial Loans



-




-

-
n.a.

Consumer Loans



-




-

-
n.a.

Mortgage Loans



-




-

-
n.a.

Performing loan portfolio
287
22,501
-
22,787

351
36,543
-
36,895

14,107
62%

Past due Commercial Loans



-




-

-
n.a.

Past due Consumer Loans



-




-

-
n.a.

Past due Mortgage Loans



-




-

-
n.a.

Total past-due loans
107
1,411
-
1,518

184
1,597
-
1,781

263
17%















Gross loan portfolio
394
23,911

24,305

535
38,141

38,675

14,370
59%















Allowance for credit risks
107
1,964

2,071

195
2,728

2,923

852
41%















Loan portfolio, net
287
21,947

22,234

339
35,413

35,752

13,518
61%















Inventories
4,399


4,399

6,565


6,565

2,166
49%















Other current assets
9,943
4,280

14,223

33,826
3,525

37,350

23,127
163%















Total current assets
39,794
65,262

105,056

72,457
71,143

143,600

38,544
37%















Investment in shares
1,832
12

1,844

2,709
19

2,728

885
48%

Property, furniture, equipment and













investment in stores, net
4,633
1,372

6,005

4,435
1,473

5,908

(98)
-2%

Other Assets
1,435
3

1,439

1,653
2

1,655

217
15%















TOTAL ASSETS
47,694
66,649

114,344

81,253
72,637

153,891

39,547
35%





























Demand and term deposits

50,872

50,872


53,359

53,359

2,487
5%

Creditors from repurchase agreements

4,274

4,274


6,444

6,444

2,170
51%

Short-term debt
6,830
42
-
6,872

4,811
403

5,214

(1,658)
-24%

Financial leasing
20


20

17
-

17

(3)
-15%

Short-term liabilities with cost
6,850
55,187

62,037

4,828
60,206

65,033

2,996
5%















Suppliers and other short-term liabilities
6,644
3,241

9,885

7,563
3,226

10,789

904
9%

Short-term liabilities without cost
6,644
3,241
-
9,885

7,563
3,226
-
10,789

904
9%















Total short-term liabilities
13,494
58,428
-
71,922

12,391
63,431
-
75,822

3,900
5%















Long-term debt
1,629
1,133

2,762

9,984
1,102

11,086

8,324
301%

Financial leasing
10


10

13


13

2
23%

Long-term liabilities with cost
1,640
1,133
-
2,772

9,996
1,102
-
11,099

8,326
300%















Long-term liabilities without cost
5,859
(278)

5,581

12,464
(351)

12,113

6,532
117%















Total long-term liabilities
7,499
854
-
8,353

22,460
751
-
23,211

14,858
178%















TOTAL LIABILITIES
20,993
59,282
-
80,275

34,851
64,182
-
99,033

18,758
23%















TOTAL STOCKHOLDERS' EQUITY
26,701
7,367

34,068

46,402
8,455

54,858

20,789
61%





























LIABILITIES + EQUITY
47,694
66,649
-
114,344

81,253
72,637
-
153,891

39,547
35%
















INFRASTRUCTURE















3Q10

3Q11

Change











Points of sale in Mexico









Elektra (1)
903
45%

938
36%

35
4%

Salinas y Rocha (1)
55
3%

55
2%

-
0%

Freestanding branches (2)
650
32%

1,146
44%

496
76%

Total
1,608
80%

2,139
82%

531
33%











Points of sale in Latin America









Elektra (3)
179
9%

218
8%

39
22%

Freestanding branches
231
11%

254
10%

23
10%

Total
410
20%

472
18%

62
15%











TOTAL
2,018
100%

2,611
100%

593
29%





















(1) Each store has a Banco Azteca branch.









(2) In 3Q11, includes 46 Bodegas de Remate that continues operating only financial services.






(3) In 3Q11, only 195 Latin America Elektra's store have a Banco Azteca branch.





































Floor space (m2)









Elektra Mexico
807,363
74%

817,944
70%

10,580
1%

Elektra Latin America
147,049
13%

162,755
14%

15,706
11%

Salinas y Rocha
59,614
5%

59,614
5%

-
0%

Freestanding branches
83,590
8%

131,208
11%

47,619
57%

TOTAL
1,097,616
100%

1,171,521
100%

73,905
7%































Employees









Mexico
30,284
83%

38,999
84%

8,715
29%

Latin America
6,336
17%

7,300
16%

964
15%

Total employees
36,620
100%

46,299
100%

9,679
26%





SOURCE Grupo Elektra, S.A.B. de C.V.





Source: PR Newswire (October 27, 2011 - 8:00 PM EDT)

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AQUARIUS PLATINUM LIMITED - Notification of transfer to a Premium Listing
AQUARIUS PLATINUM LIMITED

28 October 2011

Notification of transfer to a Premium Listing

Aquarius Platinum Limited ("Aquarius" or the "Company") announces that it is proposing to transfer the listing category of its common shares from a Standard Listing to a Premium Listing. It is anticipated that this transfer will take effect at 8.00 a.m. on 28 November 2011, conditional on the passing of the Pre-emption Rights Resolution at the annual general meeting of the Company to be held on 25 November 2011.

Background and reasons for the transferto Premium Listing

Aquarius was established in the late 1990s to become the ultimate holding company of the Aquarius group, which was listed on ASX and focused on platinum projects in southern Africa. By 2011, Aquarius has grown into the world's fourth largest primary platinum producer with interests in five mining operations and two tailings retreatment plants, as well as an active exploration programme.

Aquarius has a primary listing on the Australian Securities Exchange and standard listing on the Official List and is admitted to the Main Market of the London Stock Exchange. It also has a secondary listing on the Johannesburg Stock Exchange as well as retaining a sponsored Level 1 ADR programme in the United States. In January 2006, Aquarius entered into the FTSE UK 250 Index Series and in June 2009, Aquarius was accepted into the ASX 100 Index Series.

At the time of its admission to the Official List of the UK Listing Authority, Aquarius retained a primary listing on the Australian Securities Exchange and listed on the Official List of the UK Listing Authority under Chapter 14 with a secondary listing (now Standard Listing).

Aquarius is able to meet the relevant requirements of Chapter 6 of the Listing Rules and is seeking to transfer its category of listing from a Standard Listing to a Premium Listing. A Premium Listing is required for the Company's shares to remain eligible for inclusion in the FTSE UK 250 Index Series.

Accordingly, the board of the Company has concluded that it would be in the best interests of the Company and its shareholders as a whole to transfer Aquarius's listing to a Premium Listing.

The Company has therefore requested and, subject to the Pre-emption Rights Resolution being passed, it is anticipated that the UK Listing Authority will approve the transfer of the listing category of the Company's common shares from a Standard Listing to a Premium Listing with effect from 8.00 a.m. on 28 November 2011. As at 27 October 2011, the Company had 470,167,206 common shares in issue (including 1,623,894 treasury shares). It is proposed that all of the Company's common shares will be transferred to a Premium Listing.

Proposed changes to be made in connection with the transfer to Premium Listing
The Company will shortly publish a notice convening its annual general meeting of its shareholders to be held on 25 November 2011 at which (among other things) the Pre-emption Rights Resolution will be proposed. In order to satisfy the requirements for a Premium Listing, where the Company is proposing to issue equity securities for cash (or sell treasury shares for cash), it must ensure that, subject to certain exceptions, it first offers such securities to existing shareholders in proportion to their existing holdings. Such pre-emption rights may be disapplied by a majority of 75 per cent. of the shareholders of the Company. Accordingly, pursuant to the Pre-emption Rights Resolution the Company proposes to amend its byelaws in order to comply with this requirement. The proposed amendment to the byelaws will be available for inspection at Aquarius's registered office from the date of this announcement until the close of the annual general meeting on 25 November 2011, as well as at the place of the annual general meeting 15 minutes prior to and during the meeting. The transfer of the Company's listing remains conditional on the Pre-emption Rights Resolution being passed. However the transfer of the Company's listing does not itself require shareholder approval; shareholders are not required to vote, or take any other action, in respect of the transfer from Standard Listing to Premium Listing.

Effect of the transfer to Premium Listing

The effect of the transfer of the category of listing from a Standard Listing to a Premium Listing is that certain additional provisions of the Listing Rules will now apply to the Company. These provisions, set out under Chapters 6 to 13 (inclusive) of the Listing Rules, relate to the following matters:

* the application of certain requirements that are specific to Premium listed
companies (Chapter 6);

* the application of the Listing Principles (Chapter 7);

* the requirement to appoint a sponsor (Chapter 8);

* the requirement to comply with various continuing obligations, including
compliance with the Model Code, the adoption of pre-emption rights (which
may be disapplied by shareholders) and compliance with all relevant
provisions of the UK Corporate Governance Code (or provide an explanation
for any non-compliance, if applicable, in its annual financial report)
(Chapter 9);

* the requirement to announce, or obtain shareholder approval for, certain
transactions outside the scope of its published investment policy
(depending on their size and nature) and for certain transactions with
'related parties' of the Company (Chapters 10 and 11);

* certain restrictions in relation to the Company dealing in its own
securities and treasury shares (Chapter 12); and

* various specific contents requirements that will apply to circulars issued
by the Company to its shareholders (Chapter 13).

Working capital

In the opinion of the Company, the Company and its subsidiary undertakings (together, the "Group") has sufficient working capital available for the Group's requirements for at least the next 12 months from the date of this announcement.

Appointment of sponsor

Liberum Capital Limited is acting as sponsor and corporate broker to the Company. Liberum Capital Limited has given and has not withdrawn its written consent to the inclusion of the reference to their name in the form and context in which it is included.

Enquiries

In the United Kingdom

Gavin Mackay

[phone]

In Australia:

Willi Boehm

Aquarius Platinum Corporate Services

[phone]

In South Africa:

Stuart Murray

[phone]

Definitions

"Listing Rules" means the listing rules made by the UK Listing Authority under Section 75A of the Financial Services and Markets Act 2000;

"Model Code" means the Model Code on directors' dealings in securities set out in Annex 1 of Chapter 9 of the Listing Rules;

"Pre-emption Rights Resolution" means the resolution to be proposed at the annual general meeting of the Company to be held on 25 November 2011 to amend its byelaws to include provisions relating to shareholder pre-emption rights in respect of the issue of new shares for cash consideration, in order to comply with rule 2.2.15R of the Listing Rules, as set out in the notice of annual general meeting to be published shortly by the Company;

"Premium Listing" means a premium listing (commercial company) under Chapter 6 of the Listing Rules;

"Standard Listing" means a standard listing under Chapter 14 of the Listing Rules;

"UK Corporate Governance Code" means the UK Corporate Governance Code published in May 2010 by the Financial Reporting Council.





Source: PR Newswire (October 28

[MARKetTIME]

TRTB---Watch out r/s

True 2 Beauty, Inc. Announces a One-for-100 Reverse Stock Split




LOS ANGELES, Oct. 28, 2011 /PRNewswire/ -- True 2 Beauty, Inc., (Pinksheets: TRTB) (the "Company") (www.true2beautyinc.com), a leading distributor of male and female lifestyle ingestible products and health and beauty accessories in the United States, announced a 1 for 100 reverse split of its Common Stock and a decrease in the authorized Shares of Common Stock.

The Company had 248,017,937 shares of Common Stock issued and outstanding on the record date of October 14, 2011. After the effective date for this reverse split of November 1, 2011, there will be 2,480,179 shares outstanding. There will be no change in the par value and the authorized shares of Common Stock will be decreased from 500,000,000 to 200,000,000.

The Company stated that this reverse split was intended to eliminate a restrictively low price of pennies per share which prevented many investors from purchasing its shares through broker-dealers.

About True 2 Beauty, Inc.

True 2 Beauty, Inc. is a leading distributor of male & female lifestyle ingestible products and health & beauty accessories including pills, liquid products, and semi-durable goods in the United States. The True 2 Beauty line of current products includes Libigrow, Libigirl, Blue Diamond, Pink Diamond, Energy Shots, Relaxation Drinks, EZ Curler Curling Roller, and Naked Vapor Electronic Cigarettes.

More information on the Company and its line of products can be found at:

www.nakedvapor.com

www.ezcurler.com

www.libigirl.com

www.lovepack.com

www.libigrow.com

www.mojonights.com

www.true2beautyinc.com


Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements . The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

For further information, please contact:

Media Relations:

Zara Hbaiu

[e-mail]

1-888-942-5350

Links:

www.true2beautyinc.com

www.mojonights.com

www.nakedvapor.com

www.ezcurler.com

www.libigrow.com

www.libigirl.com

www.lovepack.com

www.bluediamondpill.com

www.pinkdiamondpill.com

www.mancodebook.com



SOURCE True 2 Beauty, Inc.





Source: PR Newswire (October 28, 2011 - 5:30 AM EDT)

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RANGE RESOURCES LTD - Company Update
28 October 2011


The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000


By e-lodgement


COMPANY UPDATE

Range Resources Limited ("Range" or "the Company") is pleased to announce the following updates with respect to the Company's assets. Given the need for regulatory sign off in Trinidad a more comprehensive update will be provided next week.

North Chapman Ranch - Texas

Drilling is progressing ahead of schedule on the Company's Smith #2 development well in North Chapman Ranch. The well is currently drilling ahead at a depth of approximately 10,500 ft. with Range and its partners having logged a significant show in the Manley section (at 10,000 ft), possibly representing another productive interval, in addition to the expected primary field pay zones. It is expected that the well will reach an intermediate pipe point in the coming days, at which time it will be logged to this intermediate depth and 9 5/8" casing run before drilling ahead to total well depth of 14,000 ft.

Georgia

Following the completion of the Vertical Seismic Profiling ("VSP") on the Mukhiani Well, the Company commenced to flow test two zones of interest whilst waiting for VSP interpretation results. The first test (open hole flow test) at 720m - 768m did not flow as of this morning GMT. The second test (perforation formation flow test at 330 - 370m) will now be undertaken. The Company will provide an update as to the VSP interpretation results and second flow test next week based on current schedules.

The VSP interpretation results will confirm whether or not the current zone of hard rock that the well has reached is basement rock or a volcanic overthrust. This current depth is significantly shallower than the initially planned total depth (of approximately 3,500 m) to the primary objective based on surface seismic interpretation. If the VSP interpretation confirms the rock encountered is indeed basement, drilling will not continue with preparations to commence for the drilling of the second exploration well, the Kursebi 2, while if it indicates it is a volcanic overthrust, a decision will be made whether to proceed drilling after reassessing the likely lithography and target potential.

Trinidad

On the basis of recent drilling results, together with extensive engineering studies of its mature oil fields in Trinidad, Range Resources Ltd is pleased to announce that it expects to release details of an upward revision of its Proved (P1) Reserves in Trinidad next week. The revised reserve estimates have been calculated and the details will be released once the announcement has been approved by the Trinidadian regulatory authority. The upward revisions follow better than expected drilling results from the Company's initial 2011 drilling program, along with recently completed engineering studies of secondary recovery potential in the Beach Marcelle Block. The engineering review, performed by the Company's Dallas-based reserve auditor Forrest A. Garb & Associates, confirmed that significant volumes of crude remain in the Beach Marcelle field that can be produced using standard secondary recovery techniques such as water flooding.


Yours faithfully

Peter Landau
Executive Director


Contacts

Range Resources Limited
Peter Landau
Tel : [phone]
Em: [e-mail]

Australia London

PPR Tavistock Communications
David Tasker Ed Portman/Paul Youens
Tel: [phone] Tel: + 44 (0) 20 7920 3150
Em: [e-mail] Em: [e-mail]

RFC Corporate Finance (Nominated Advisor) Old Park Lane Capital (Joint Broker)
Stuart Laing Michael Parnes
Tel: [phone] Tel: [phone]

Panmure Gordon (Joint Broker)
Katherine Roe / Brett Jacobs
Tel: [phone]

Range Background

Range Resources Limited is a dual listed (ASX: RRS; AIM: RRL) oil & gas exploration company with oil & gas interests in the frontier state of Puntland, Somalia, the Republic of Georgia, Texas, USA and Trinidad.

* In Trinidad Range recently completed the acquisition of a 100% interest in
holding companies with three onshore production licenses and fully
operational drilling subsidiary. Independently assessed gross recoverable
3P reserves in place of 6.9 MMbls (on a mean 100% basis) with an additional
20 MMbls of prospective resources.

* In the Republic of Georgia, Range holds a 40% farm-in interest in onshore
blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range has
recently completed a 410km 2D seismic program with independent consultants
RPS Energy identifying 68 potential structures containing an estimated 2
billion barrels of oil-in-place (on a mean 100% basis) with the first of
two exploration wells having spudded in July in 2011.

* In Puntland, Range holds a 20% working interest in two licences
encompassing the highly prospective Dharoor and Nugaal valleys with the
operator and 45% interest holder, Africa Oil Corp (TSXV: AOI) planning to
commence the two well programme in 2011 (targeting (on a mean 100% basis)
300mmbls and 375mmbbls of best estimate gross recoverable oil in place)
following the recent awarding of the rig contract.

* Range holds a 25% interest in the initial Smith #1 well and 20% interest in
further wells on the North Chapman Ranch project, Texas. The project area
encompasses approximately 1,680 acres in one of the most prolific oil and
gas producing trends in the State of Texas. Drilling of the first well has
resulted in a commercial discovery with independently assessed gross
recoverable reserves in place (on a mean 100% basis) of 240 Bcf of natural
gas, 18 mmbbls of oil and 17 mmbbls of natural gas liquids.

* Range holds a 21.75% interest in the East Texas Cotton Valley Prospect in
Red River County, Texas, USA, where the prospect's project area encompasses
approximately 1,570 acres encompassing a recent oil discovery.
Independently assessed gross recoverable reserves in place (on a mean 100%
basis) of 5.4 mmbbls of oil.

The reserves estimate for the North Chapman Ranch Project and East Texas Cotton Valley has been formulated by Lonquist & Co LLC who are Petroleum Consultants based in the United States with offices in Houston and Austin. Lonquist provides specific engineering services to the oil and gas exploration and production industry, and consults on all aspects of petroleum geology and engineering for both domestic and international projects and companies. Lonquist & Co LLC have consented in writing to the reference to them in this announcement and to the estimates of oil, natural gas and natural gas liquids provided. These estimates were formulated in accordance with the guidelines of the Society of Petroleum Engineers ("SPE"). The SPE Reserve definitions can be found on the SPE website at spe.org.

The reserves estimates for the 3 Trinidad blocks referred above have been formulated by Forrest A. Garb & Associates, Inc. (FGA). FGA is an international petroleum engineering and geologic consulting firm staffed by experienced engineers and geologists. Collectively FGA staff has more than a century of world–wide experience. FGA have consented in writing to the reference to them in this announcement and to the estimates of oil and natural gas liquids provided. The definitions for oil and gas reserves are in accordance with SEC Regulation S–X.

RPS Group is an International Petroleum Consulting Firm with offices worldwide, who specialise in the evaluation of resources, and have consented to the information with regards to the Company's Georgian interests in the form and context that they appear. These estimates were formulated in accordance with the guidelines of the Society of Petroleum Engineers ("SPE").

The prospective resource estimates for the two Dharoor Valley prospects are internal estimates reported by Africa Oil Corp, the operator of the joint venture, which are based on volumetric and related assessments by Gaffney, Cline & Associates.

In granting its consent to the public disclosure of this press release with respect to the Company's Trinidad operations, Petrotrin makes no representation or warranty as to the adequacy or accuracy of its contents and disclaims any liability that may arise because of reliance on it.

ENDS





Source: PR Newswire (October 28, 2011 - 5:55 AM EDT)

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Nature's Bioceuticals Enters Chronic Obstructive Pulmonary Disease Market After Acquiring Breakthrough Breathing Formula
CAPE CORAL, Fla., Oct. 28, 2011 /PRNewswire/ -- Nature's Bioceuticals, a wholly owned subsidiary of Mistral Ventures (MILV.pk), has entered into the $8.4 billion market chronic obstructive pulmonary disease market (COPD) with the completed acquisition of a ground breaking Breathing Formula. This all natural, non-synthetic, medicine was developed for the treatment of COPD, the two most common forms of which are Emphysema and Chronic Bronchitis. We believe that there is no other product currently available that can achieve the same results.

Decision Resources, one of the world's leading research and advisory firms for pharmaceutical and healthcare issues finds that, through 2019, an expanding aging population and increases in diagnosis and drug treatment will fuel steady 4.6 percent annual growth in the chronic obstructive pulmonary disease (COPD) drug market.

The Pharmacor 2010 findings from the topic titled Chronic Obstructive Pulmonary Disease reveal that the COPD drug market, which totaled nearly $8.4 billion in 2009, will reach more than $13 billion in 2019 in the USA, France, Germany, Italy, Spain, UK and Japan. The findings also reveal that the drug-treated COPD population will increase by nearly 6 million patients over the next decade. Although two maintenance therapies currently dominate the COPD market—GlaxoSmithKline's Advair/Seretide/Adoair and Boehringer Ingelheim/Pfizer's Spiriva—the near-term market will become fractured owing to the launch of new agents and generic erosion of key brands.

COPD is the fastest growing cause of death in the world's advanced economies. Such is the scale of the disease that the World Health Organization predicts it will be the third leading cause of death in the developed world by the year 2020 – faster growing than lung cancer, heart disease and stroke. The disease has reached epidemic proportions. It is estimated that up to 600 million people may suffer from COPD worldwide.

Robert deZanger, CEO of Nature's Bioceuticals states, "We are excited to roll out our COPD formula. The market for our product is immense and the need is great. People afflicted with COPD have been prescribed repurposed asthma medicines to help them breathe. Our product should provide "natural relief", without the harmful side effects, to millions of people with chronic breathing problems."

Nature's Bioceuticals management is currently determining whether to go through the time and expense of filing an Investigational New Drug (IND) Application and New Drug Application with the FDA for approval as a drug or to market the Formula as a nutritional supplement under the Dietary Supplement Health and Education Act of 1994 (DSHEA). If the formula is marketed under DSHEA the company will not be able to make any claims about the product treating, preventing or curing COPD or any disease.

If the product is marketed under DSHEA we expect revenues to exceed $12 million year one during ramp up and $40 million year two as we gain market share.

About Nature's Bioceuticals;

Nature's Bioceuticals develops and acquires the rights to natural medicine formulas that are geared towards treating specific medical conditions. These medicines are all natural and derived from botanicals and mineral bases. Nature's Bioceuticals strives to provide high quality natural medicines that are as effective, if not more effective, than synthetic drugs and more importantly do not have the negative side effects usually associated with many of today's prescribed drugs.

Nature's line of natural medicines will be either sold as prescription drugs, if applied for by the company and approved by the FDA, or sold as dietary supplements under the Dietary Supplement Health and Education Act of 1994, commonly referred to as "DSHEA"

In addition to historical information, this release contains forward-looking statements. Mistral Ventures, Inc. and/or Nature's Bioceuticals may, from time to time, make written or oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass Mistral Ventures, Inc. and/or Nature's Bioceuticals beliefs, expectations, hopes, or intentions regarding future events. Words such as "expects," "intends," "believes," "anticipates," "should," "likely," and similar expressions identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to the Company as of such date. Neither Mistral Ventures, Inc. nor Nature's Bioceuticals assume any obligation to update any forward-looking statement. Actual results will vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of reasons, including, among others: further reviews of the Company's financial statements by the Company and its Audit Committee; modification of the Company's accounting practices; foreign business risks; industry cyclicality; fluctuations in customer demand and order pattern; changes in pricing and general economic conditions; as well as other risks that may be delineated from time to time or filed with the SEC.

Media Contact:

Financial Insight

Phone Number: 888 656 3509

E-mail: [e-mail]

www.naturesbioceuticals.com





SOURCE Nature's Bioceuticals





Source: PR Newswire (October 28, 2011 - 7:30 AM EDT)

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[MARKetTIME]

AER Energy and Black Gold Sign $2,000,000 Drilling Agreement
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=814686&ProfileId=051205&sourceType=1
SCOTTSDALE, AZ -- (Marketwire) -- 10/28/11 -- AER Energy Resources, Inc. (PINKSHEETS: AERN) has successfully signed a Definitive drilling agreement with Black Gold Exploration LLC of Farmersville, TX. The agreement calls for a 50% joint venture interest for the drilling of a minimum of two new wells on leases in Knox County, Texas. Both companies expect successful drilling completion before the end of the year.

The Black Gold joint venture involves the drilling of two or more 1800 feet vertical wells through the Wolfcamp Lower Permian Sandstone, the Saddlecreek Sandstone, the Noodle Creek Sandstone and the Stockwether Limestone. Upon completion the companies expect well production to approximate 60 BOPD. At current oil pricing above $90 bbl, the estimated revenues are anticipated to exceed $2 million annually.

Stanley F. Wilson, AER Energy Resources, Inc. President and CEO, stated, "AER continues to execute its plan of investing in existing leases for the drilling of new wells and secondary recovery wells with established industry partners. This opportunity with Black Gold Exploration LLC is a superior example of our continued success."

ABOUT AER ENERGY RESOURCES, INC.

AER is a diversified holding company with an emphasis in oil and gas through its subsidiary, FTPM Resources, Inc. www.aernenergy.com. AER also operates a real estate and alternative fuels enterprise through its subsidiary, Global Wealth Group, Inc.

Note Regarding Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to", "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.




Source: Marketwire (October 28, 2011 - 7:45 AM EDT)

News by QuoteMedia

[MARKetTIME]

Altitude Organic Medicine Currently Serves Over 6600 Medical Marijuana Patients Nationally
PHOENIX and DENVER, Oct. 28, 2011 /PRNewswire/ -- Altitude Organic Corporation (ERBB:OTC:Pink), a leading national, publicly-traded medical marijuana company, is pleased to update on the progress of its brand-licensed Altitude Organic Medicine dispensaries. Despite the constantly changing medical marijuana industry and evolving national regulations, Altitude Organic Medicine is currently operating fast growing businesses in Denver, Colorado Springs, and San Diego, CA.

The two Colorado medical marijuana centers are operating under Department of Revenue and MMED industry leading regulatory standards. Employees of Altitude Organic Medicine are background checked, provided identification badges, and legally authorized to work in the industry. Colorado casino employee's and national gaming commissions screen employees in the identical fashion to insure safety and quality customer service.

Between the three brand-licensed dispensaries located in Colorado and California, an estimated $204,000 in sales were generated during the prior thirty days of operation. Although publicly traded Altitude Organic Corporation currently retains just a annual trademark, consulting, and brand-licensing fee from its Altitude Organic Medicine dispensaries, the company has been diligently creating its industry unifying monetization strategy. The strategy is designed to monetize the parent company while unifying regulated industry standards that can be applied to any medical marijuana center or THC infused product manufacturer.

The Altitude Organix Management Company is taking the operational lessons it has practiced since 2009 in the new multi-billion dollar medical marijuana industry and uniformly apply its branded system at dispensaries and commercial edible kitchens nationally. The medical marijuana management company operates as a limited liability branded service provider, just as casino and hotel management companies operate today. Altitude Organix Management will retain a service fee of 20% of the profits of its medical marijuana industry customers who retain ownership in their business and lease their own commercial property. Altitude Organix will pursue a strategic advantage being the first business of its kind in the country that can offer the medical marijuana industry branded service quality combined with mandated inventory control and regulated operational standards.

The company is currently in discussion with its first potential customer in Colorado that is seeking Altitude Organix Management services securing legally compliant dispensary locations, state & city licensing, and branded management operation. Altitude Organix Management is the turn-key, branded operation system for select clients nationally.

CEO Brian Cook exclaimed, "It hasn't been easy, but we've taken a close look at Colorado's leading industry regulations and we've come up with the managed system that will insure state legal compliance and the most consistent products and services for the new industry. Our system can help teach new medical marijuana regulated standards to business owners in various medical marijuana states, regardless of non-profit or for-profit business status. The Altitude Organix Management business model can guarantee the government collects its tax revenue from the new industry, while also creating a much better experience for those seeking natural wellness through cannabis. Keep in mind, applying high-quality customer service with our managed service model will promote industry cohesion and consistent cannabis production standards where few exist today. The Altitude Organix Management Company can pave the way for faster and smoother industry regulation mandates, while streamlining tax collection. We've been working very hard these last few years to gain public support for ending the nonsensical prohibition of cannabis. We are continuing to adapt with the regulations in order to stay compliant, become profitable, and bring professional standards to the new industry. I'm proud to say that we are going to help people while also helping the country and national economy get back on track!"

ABOUT ALTITUDE ORGANIC CORPORATION

Altitude Organic Corporation www.altitudeorganix.com provides independently-owned retail dispensaries in Colorado, California, and Arizona business support services, while also acting as a one-stop-shop for entrepreneurs looking to enter the burgeoning, multi-billion dollar industry of legal cannabis. Altitude Organic Corporation has launched its new management company strategy in Arizona. The company can manage, staff, consult, and provide uniquely branded products and concepts to medical marijuana dispensaries using a limited liability agreement. The company also sells horticulture equipment via its partnership in Sundance Hydroponics (www.sundancehydroponics.com). Visit www.altitudeorganicmedicine.com today.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

Company and Contact:
Brian Cook,
Chief Executive Officer
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
480-443-1600
[e-mail]
www.altitudeorganix.com

SOURCE Altitude Organic Corporation

[MARKetTIME]

GateHouse Media Announces Third Quarter 2011 Results
Third Quarter Highlights -- Digital revenue increased 22.6% versus third quarter 2010. -- Total revenues for the third quarter were $127.1 million, down 7.8% from the prior year, 7.5% on a same store basis, and 7.1% after taking into account the Company's change in reporting period which resulted in one less day in the quarter. -- Operating costs and SG&A expense totaled $106.4 million in the third quarter, a decrease of $7.4 million or 6.5% from the prior year. -- As Adjusted EBITDA was $22.0 million, down 11.9% versus prior year. -- Levered Free Cash Flow per share was $0.11 versus $0.15 for the prior year.
FAIRPORT, N.Y., Oct. 28, 2011 /PRNewswire/ -- GateHouse Media, Inc. (the "Company" or "GateHouse Media") (GHSE), a leading multi-media company providing news and information to local communities, today reported financial results for the third quarter ended September 25, 2011.

Total revenues were $127.1 million for the quarter, a decline of 7.5% from the prior year on a same store basis and 7.1% on the same reporting period basis. Digital revenue grew 22.6% in the third quarter. The improvement in digital revenue was driven by a 19.8% increase in digital advertising, along with strong growth in our daily deal and digital subscription programs. Total advertising revenue declined 9.4% as growth in digital advertising was more than offset by declines in local and classified print advertising revenues, which were down 11.3% and 9.5% respectively versus the prior year. Local advertising trends remained soft as we continue to see very weak economic conditions and were further impacted by a decline in political spending as compared to the prior year. Although overall classified trends worsened from the second quarter, there were also some bright spots. Auto classified revenues experienced a slight improvement from the second quarter trend and employment classifieds remained positive year over year. The main drivers of the declining classified trends were a very soft foreclosure environment coupled with soft real estate advertising revenues. Circulation revenue declined 2.9% in the third quarter. After adjusting for the change in reporting period, circulation revenue declined 2.5%, a slight improvement over the second quarter trend and the third consecutive quarter of an improving trend in this category.

Total operating and SG&A expenses in the quarter were $106.4 million, down 6.5% versus prior year. The expense declines were higher than the second quarter and driven by lower compensation and newsprint costs. As Adjusted EBITDA was $22.0 million for the quarter, declining 11.9% from the prior year.

Commenting on GateHouse Media's results, Michael E. Reed, Chief Executive Officer of GateHouse Media, said "General economic instability and uncertainty on main street heavily impacted the third quarter advertising spend within our markets. Advertising revenues were further impacted by a reduction in political spending from the prior year as well as a slowed foreclosure environment. As a result, our total advertising revenue was down 9.4% during the quarter and 8.9% adjusted for the change in our reporting period. Adjusted for the reporting change, total revenues were down 7.1% in the quarter versus prior year. Excluding the loss of political, our total revenues were down 6.7%, similar to our total revenue decline of 6.4% in the second quarter. We were pleased with our continued strong digital revenue growth of 22.6% in the quarter and our continued improvement in circulation revenue for the third consecutive quarter. We remain highly focused on new initiatives in our print and digital business to drive new customers and new revenue streams to combat the weak economic conditions and participate in the rapid evolution of the digital ecosystem.

"In the face of these revenue declines, we remain vigilant in implementing additional permanent expense reductions, as evidenced by the 6.5% decline in expenses from prior year. We continue to evaluate centralization and outsourcing opportunities to develop a more efficient operating model. A recent example is the comprehensive circulation-outsourcing partnership that we recently entered into with American Circulation Innovations that will provide multiple channels of distribution for certain of our Illinois publications at reduced cost levels.

"We are encouraged by the strong growth in our digital audiences and our online advertising revenues. While mobile advertising, daily deals and online subscriptions are still a small percentage of total digital revenue, all three categories demonstrated solid growth in the quarter, leading to our total digital revenue growth of 22.6%. We are focused on providing the highest quality content across multiple platforms and we are excited about our recently announced strategic alliance with TheStreet, Inc. which will allow us to provide award winning coverage of business, personal finance and financial matters to our markets.

"We are further embarking on a strategic initiative to reevaluate our traditional business model and transform the company into a truly digital media enterprise. This project has five fundamental components: growth of digital revenue and audience, growth of consumer revenues, stabilization of print revenues, development of specific new business ventures, and permanent structural cost reductions. By repositioning our operations and organizational structure, we believe we can best align our resources and focus on the opportunities that present the most potential for growth. This effort includes a leaner, more vertical management design, a lower cost structure, more efficient processes and the alignment of leadership skill sets with the best growth opportunities. We are excited about the progress being made to date in these areas.

"Our liquidity position remains solid with over $25.0 million of cash and we expect our cash position to continue to grow."

Operating income for the quarter was $9.0 million, a decrease of $3.0 million as compared to the prior year. As Adjusted EBITDA for the quarter was $22.0 million, a decrease of $3.0 million or 11.9% from the prior year.

Levered Free Cash Flow for the quarter decreased 26.5% to $6.4 million as compared to $8.8 million for the prior year.

One-time costs incurred and other non-cash expenses in the quarter were $2.6 million, and related primarily to reorganization efforts and initiatives introduced to realize permanent expense reductions.

Change in Reporting Period

We moved to a consistent 52 week reporting cycle for all locations during the first quarter of 2011. As a result, the first nine months of 2011 had 268 days compared to 273 days in the first nine months of 2010 for approximately 40% of the business. The associated impact on prior year revenue is approximately $3.2 million and expense is approximately $2.0 million to $2.6 million.

About GateHouse Media, Inc.

GateHouse Media, Inc., headquartered in Fairport, New York, is one of the largest publishers of locally based print and online media in the United States as measured by its 79 daily publications. GateHouse Media currently serves local audiences of approximately 10 million per week across 21 states through hundreds of community publications and local websites. GateHouse Media is traded in the over-the-counter market under the symbol "GHSE."

For more information regarding GateHouse Media and to be added to our email distribution list, please visit www.gatehousemedia.com.

Non-GAAP Financial Measures

A non-GAAP financial measure is generally defined as one that purports to measure historical or future financial performance, financial position or cash flows, but excludes or includes amounts that would not be so adjusted in the most comparable GAAP measure. GateHouse Media defines and uses Adjusted EBITDA, As Adjusted EBITDA, As Adjusted Revenues, and Levered Free Cash Flow, non-GAAP financial measures, as set forth below. The Company strongly urges stockholders and other interested persons not to rely on any single financial measure to evaluate its business. In addition, because Adjusted EBITDA, As Adjusted EBITDA, As Adjusted Revenues and Levered Free Cash Flow are not measures of financial performance under GAAP and are susceptible to varying calculations, these non-GAAP measures, as presented in this press release, may differ from and may not be comparable to similarly titled measures used by other companies.

Adjusted EBITDA, As Adjusted EBITDA, As Adjusted Revenues and Levered Free Cash Flow

The Company defines Adjusted EBITDA as income (loss) from continuing operations before interest, income tax expense (benefit), depreciation and amortization and other non-recurring or non-cash items. The Company defines As Adjusted EBITDA as Adjusted EBITDA before other non-cash items such as non-cash compensation, non-recurring integration and reorganization costs and Adjusted EBITDA from non-wholly owned subsidiaries. The Company defines As Adjusted Revenues as total revenues plus revenues of discontinued operations less revenues from non-wholly owned subsidiaries. The Company defines Levered Free Cash Flow as As Adjusted EBITDA less capital expenditures, cash taxes and interest expense, excluding non-wholly owned subsidiaries.

Management's Use of Adjusted EBITDA, As Adjusted EBITDA, As Adjusted Revenues and Levered Free Cash Flow

Adjusted EBITDA, As Adjusted EBITDA, As Adjusted Revenues and Levered Free Cash Flow are not measurements of financial performance under GAAP and should not be considered in isolation or as alternatives to income from operations, net income (loss), cash flow from continuing operating activities or any other measure of performance or liquidity derived in accordance with GAAP. GateHouse Media's management believes these non-GAAP measures, as defined above, are useful to investors for the following reasons:

Evaluating performance and identifying trends in day-to-day performance because the items excluded have little or no significance on its day-to-day operations;


Providing assessments of controllable expenses that afford management the ability to make decisions which are expected to facilitate meeting current financial goals as well as achieving optimal financial performance; and


Indicators for management to determine if adjustments to current spending decisions are needed.


Adjusted EBITDA, As Adjusted EBITDA, As Adjusted Revenues and Levered Free Cash Flow provide GateHouse Media with measures of financial performance, independent of items that are beyond the control of management in the short-term, such as depreciation and amortization, taxation and interest expense associated with its capital structure. These metrics measure GateHouse Media's financial performance based on operational factors that management can impact in the short-term, namely the cost structure or expenses of the organization. Adjusted EBITDA, As Adjusted EBITDA, As Adjusted Revenues and Levered Free Cash Flow are some of the metrics used by senior management and the Board of Directors to review the financial performance of the business on a monthly basis. In addition, GateHouse Media's management utilizes these metrics to evaluate the Company's performance, along with other criteria, to determine the funds available for paying the quarterly dividend.

Forward-Looking Statements

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to various risks and uncertainties, including without limitation, statements relating to progress made by the Company in its integration efforts, growth in revenues and cash flow, on-line revenues, expense reduction efforts and potential acquisition and sale opportunities. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "estimate," "overestimate," "underestimate," "believe," "could," "would," "project," "predict," "continue" or other similar words or expressions. Forward looking statements are based on certain assumptions or estimates, discuss future expectations, describe future plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Although the Company believes that the expectations reflected in such forward looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements. Factors which could have a material adverse effect on the Company's operations and future prospects or which could cause events or circumstances to differ from the forward-looking statements include, but are not limited to, the condition of the economy and the credit markets generally, the Company's ability to maintain adequate liquidity and financing sources and an appropriate level of debt, the Company's ability to maintain debt covenants, the Company's ability to successfully grow digital revenues and audience and consumer revenues, the Company's ability to successfully stabilize print revenues, the ability of the Company to successfully identify and develop new business ventures, the Company's ability to close on a timely basis upon announced or contemplated transactions, unexpected liabilities arising from any transaction or that the Company will not receive the expected benefits from the transaction, the Company's ability to generate sufficient cash flow to cover required interest and long-term obligations, the effect of the Company's indebtedness and long-term obligations on its liquidity, the Company's ability to integrate acquired assets and businesses, any increases in the price or reduction in the availability of newsprint, seasonal and other fluctuations affecting the Company's revenues and operating results, any declines in circulation, the Company's ability to obtain additional capital on terms acceptable to it, the Company's ability to compete effectively in the local media industry, the Company's success or failure in pursuing its digital business and related initiatives and strategic realignments and undertakings, increases in health costs, the Company's vulnerability to economic downturns, regulatory changes or acts of nature in certain geographic areas, increases in competition for skilled personnel, a portion of the Company's workforce being unionized, departure of key officers, increases in market interest rates, the cost and difficulty of complying with increasing and evolving regulation, and other risks detailed from time to time in the Company's SEC reports, including but not limited to its most recent Annual Report on Form 10-K filed with the SEC under Commission File Number 001-33091. When considering forward- looking statements, readers should keep in mind the risk factors and other cautionary statements in such SEC filings. Readers are also cautioned not to place undue reliance on any of these forward-looking statements, which reflect management's views as of the date of this press release. The factors discussed above and the other factors noted in the Company's SEC filings could cause actual results to differ significantly from those contained in any forward-looking statement. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements and expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

GATEHOUSE MEDIA, INC. AND SUBSIDIARIES

Unaudited Condensed Consolidated Statements of Operations

(In thousands, except share and per share data)



















Three months

Three months

Nine months

Nine months






ended

ended

ended

ended






September 25,

September 30,

September 25,

September 30,






2011

2010

2011

2010














Revenues:










Advertising

$ 87,869

$ 97,010

$ 264,686

$ 292,346


Circulation

32,912

34,304

97,844

102,852


Commercial printing and other

6,362

6,592

18,824

20,028



Total revenues

127,143

137,906

381,354

415,226

Operating costs and expenses:










Operating costs

69,797

74,872

214,463

229,467


Selling, general, and administrative

36,642

38,956

113,359

121,578


Depreciation and amortization

10,485

11,366

32,315

34,858


Integration and reorganization costs

983

701

3,062

2,239


Impairment of long-lived assets

37

-

2,051

-


(Gain) loss on sale of assets

158

(26)

905

1,510



Operating income

9,041

12,037

15,199

25,574

Interest expense

14,441

15,118

42,690

45,076

Amortization of deferred financing costs

340

340

1,020

1,020

(Gain) loss on derivative instruments

(694)

1,875

(274)

7,232

Other (income) expense

94

(10)

94

(14)



Loss from continuing operations












before income taxes

(5,140)

(5,286)

(28,331)

(27,740)

Income tax expense (benefit)

22

(351)

90

(160)



Loss from continuing operations

(5,162)

(4,935)

(28,421)

(27,580)

Loss from discontinued operations, net










of income taxes

-

(5)

-

(163)



Net loss

(5,162)

$ (4,940)

(28,421)

$ (27,743)



Net loss attributable to noncontrolling interest

185

59

600

317




Net loss attributable to GateHouse Media

$ (4,977)

$ (4,881)

$ (27,821)

$ (27,426)














Loss per share:










Basic and diluted:










Loss from continuing operations











attributable to GateHouse Media

$ (0.09)

$ (0.08)

$ (0.48)

$ (0.47)


Loss from discontinued operations











attributable to GateHouse Media, net of











income taxes

-

-

-

-


Net loss attributable to GateHouse Media

$ (0.09)

$ (0.08)

$ (0.48)

$ (0.47)

Basic weighted average shares outstanding

57,976,184

57,761,808

57,935,943

57,706,111

Diluted weighted average shares outstanding

57,976,184

57,761,808

57,935,943

57,706,111





GATEHOUSE MEDIA, INC. AND SUBSIDIARIES

Consolidated Balance Sheets

(In thousands, except share data)

















September 25,

December 31,







2011

2010


(unaudited)



Assets





Current assets:






Cash and cash equivalents

$ 25,139

$ 9,738


Restricted cash

5,182

5,182


Accounts receivable, net of allowance for doubtful accounts of $2,999







and $3,260 at September 25, 2011 and December 31, 2010, respectively

54,913

61,512


Inventory

6,598

7,731


Prepaid expenses

4,350

10,506


Other current assets

7,341

7,253




Total current assets

103,523

101,922


Property, plant, and equipment, net of accumulated depreciation of $111,978







and $101,739 at September 25, 2011 and December 31, 2010, respectively

135,074

152,293


Goodwill

14,343

14,343


Intangible assets, net of accumulated amortization of $173,241 and $154,927







at September 25, 2011 and December 31, 2010, respectively

252,747

271,061


Deferred financing costs, net

3,314

4,334


Other assets

1,869

1,400


Assets held for sale

936

974




Total assets

$ 511,806

$ 546,327











Liabilities and Stockholders' Deficit





Current liabilities:






Current portion of long-term liabilities

$ 1,115

$ 1,224


Current portion of long-term debt

-

11,249


Accounts payable

9,177

5,905


Accrued expenses

29,302

26,766


Accrued interest

4,133

2,805


Deferred revenue

26,689

27,348




Total current liabilities

70,416

75,297

Long-term liabilities:






Long-term debt

1,181,238

1,181,238


Long-term liabilities, less current portion

3,059

3,636


Derivative instruments

56,727

65,490


Pension and other postretirement benefit obligations

11,655

12,787




Total liabilities

1,323,095

1,338,448

Stockholders’ deficit:






Common stock, $0.01 par value, 150,000,000 shares authorized at







September 25, 2011 and December 31, 2010; 58,313,868 and 58,313,868







shares issued, and 58,077,031 and 58,078,607 outstanding at







September 25, 2011 and December 31, 2010, respectively

568

568


Additional paid-in capital

831,209

830,787


Accumulated other comprehensive loss

(53,783)

(62,614)


Accumulated deficit

(1,587,286)

(1,559,465)


Treasury stock, at cost, 236,837 and 235,261 shares at September 25, 2011







and December 31, 2010, respectively

(310)

(310)




Total GateHouse Media stockholders' deficit

(809,602)

(791,034)




Noncontrolling Interest

(1,687)

(1,087)




Total stockholders' deficit

(811,289)

(792,121)





Total liabilities and stockholders' deficit

$ 511,806

$ 546,327





GATEHOUSE MEDIA, INC. AND SUBSIDIARIES

Unaudited Condensed Consolidated Statements of Cash Flows

(In thousands)























Nine months

Nine months










ended

ended










September 25, 2011

September 30, 2010














Cash flows from operating activities:






Net loss




$ (28,421)

$ (27,743)


Adjustments to reconcile net loss to net cash







provided by operating activities:








Depreciation and amortization

32,315

34,862




Amortization of deferred financing costs

1,020

1,020




(Gain) loss on derivative instruments

(274)

7,232




Non-cash compensation expense

422

1,328




Loss on sale of assets

905

1,510




Pension and other postretirement benefit obligations

(680)

(1,424)




Impairment of long-lived assets

2,051

124




Changes in assets and liabilities:









Accounts receivable, net

6,801

8,315





Inventory

1,133

(763)





Prepaid expenses

6,156

(284)





Other assets

(557)

736





Accounts payable

3,272

3,401





Accrued expenses

2,457

2,587





Accrued interest

1,328

(433)





Deferred revenue

(659)

(440)





Other long-term liabilities

(577)

(16)





Net cash provided by operating activities

26,692

30,012

Cash flows from investing activities:






Purchases of property, plant, and equipment

(2,431)

(2,933)


Proceeds from sale of assets

2,389

4,113





Net cash (used in) provided by investing activities

(42)

1,180

Cash flows from financing activities:






Repayments under current portion of long-term debt

(11,249)

(2,513)


Repayments under short-term debt

-

(8,000)


Purchase of treasury stock

-

(4)





Net cash used in financing activities

(11,249)

(10,517)





Net increase in cash and cash equivalents

15,401

20,675

Cash and cash equivalents at beginning of period

9,738

5,734

Cash and cash equivalents at end of period

$ 25,139

$ 26,409





GATEHOUSE MEDIA, INC. AND SUBSIDIARIES

As Adjusted EBITDA

(In thousands)

















Three months

Three months

Nine months

Nine months





ended

ended

ended

ended





September 25, 2011

September 30, 2010

September 25, 2011

September 30, 2010













Loss from continuing operations

$ (5,162)

$ (4,935)

$ (28,421)

$ (27,580)

Income tax expense (benefit)

22

(351)

90

(160)

(Gain) loss on derivative










instruments (1)

(694)

1,875

(274)

7,232

Amortization of deferred










financing costs

340

340

1,020

1,020

Interest expense

14,441

15,118

42,690

45,076

Impairment of long-lived assets

37

-

2,051

-

Depreciation and amortization

10,485

11,366

32,315

34,858


Adjusted EBITDA from











continuing operations

19,469

23,413

49,471

60,446

Non-cash compensation and










other expense

1,536

1,114

4,339

3,030

Non-cash portion of










postretirement benefits










expense

(107)

(185)

(229)

(532)

Integration and reorganization










costs

983

701

3,062

2,239

(Gain) loss on sale of assets

158

(26)

905

1,510

Loss from discontinued operations

-

(5)

-

(28)


As Adjusted EBITDA

22,039

25,012

57,548

66,665

Net capital expenditures

(757)

(1,283)

(2,366)

(2,569)

Cash taxes

-

-

-

(80)

Interest paid

(14,847)

(14,974)

(41,384)

(44,607)


Levered Free Cash Flow

$ 6,435

$ 8,755

$ 13,798

$ 19,409













(1)
Non-cash loss on derivative instruments is related to interest rate swap agreements which are financing related and are excluded from Adjusted EBITDA.





GATEHOUSE MEDIA, INC. AND SUBSIDIARIES

As Adjusted Revenues

(In thousands)

















Three months

Three months

Nine months

Nine months





ended

ended

ended

ended





September 25, 2011

September 30, 2010

September 25, 2011

September 30, 2010

























Total revenues from continuing

$ 127,143

$ 137,906

$ 381,354

$ 415,226

operations









Revenues from discontinued









operations

-

(1)

-

91

Revenues from non-wholly owned









subsidiary

(729)

(1,248)

(1,741)

(2,761)

As Adjusted Revenues

$ 126,414

$ 136,657

$ 379,613

$ 412,556





SOURCE GateHouse Media, Inc.

[MARKetTIME]

Texas Oil and Minerals Complies with Alternative Reporting Standards to Upgrade OTC Market Status
HOUSTON, Oct. 28, 2011 /PRNewswire/ -- Texas Oil and Minerals Inc. (PINKSHEETS: BNPD) announced today that the Company has complied with the Alternative Reporting Standards as required by OTC Markets Group.

We are proud to announce that we have filed and submitted all necessary documents to achieve the "Current Information" status on OTCMarkets.com. Not only will this allow the Company to become increasingly more transparent but it will also instill investor confidence as Texas Oil and Minerals, Inc. advances its business strategy and becoming stronger and more profitable.

The Company's management team stated, "We are pleased to have accomplished this task for our shareholders but we cannot hesitate to move forward with our larger goals of becoming fully reporting with audited reports as required pursuant to Section 12(b) of the Securities Exchange Act of 1934."

Management concluded: "We anticipate being fully audited in the first quarter of 2012 and to start looking toward an entrance onto the OTCQX or the OTCBB later that year."

Texas Oil and Minerals, Inc.'s goal is to be transparent to its shareholders and this is the next step the Company felt it necessary to first achieve these milestones. This move was made, not only for the transparency for its current shareholders, but also as to gain exposure and introduce Texas Oil and Minerals, Inc. to thousands of additional investors.

About Texas Oil and Minerals (BNPD)

Texas Oil and Minerals creates value by acquiring and exploiting reserves in fields specifically targeted for oil and high-rate return North American clean burning natural gas. We are involved in prospects that range in value from $1,000,000 to $50,000,000, which include seismic and land projects, drilling prospects and the purchase of producing properties. Our team is comprised of highly skilled industry professionals who leverage their knowledge toward the success of our business. With more than three generations of collective experience, this team of professional and talented production personnel can provide innovative exploration and development solutions focused on creating exceptional returns in oil and gas through acquisition and exploration. www.texasoilandmineralsinc.com

Safe Harbor Statement:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Media & Investor Relations
Alex Livak / Robert Adams
Tel: [phone]
[e-mail]
http://www.texasoilandmineralsinc.com

SOURCE Texas Oil and Minerals Inc.





Source: PR Newswire (October 28, 2011 - 8:30 AM EDT)

News by QuoteMedia

[MARKetTIME]

Microholdings US, Inc., Announced It Will Increase Its TV Advertising by an Additional $650,000 During November and December
VANCOUVER, Wash., Oct. 28, 2011 /PRNewswire/ -- Microholdings US, Inc. (OTC: MCHU) and its subsidiary, The Edge Chip, Inc., has announced it has secured an additional $650,000 in advertising through Cagnazzi Racing to be used in November and December. This will increase our advertising budget from $283,000 to $933,000 just in time for holiday shopping. The advertising will be aired on Charter Media Networks.

Charter Communications, Inc. (www.charter.com) is a Fortune 500 company and the fourth-largest cable operator in the United States. Charter provides advanced video, high-speed Internet, and telephone services to approximately 5.2 million residential and business customers in 25 states.

Many of the NHRA racers use The Edge Pain and/or Performance chips while on and off the racetrack, but our relationships with several NHRA racing teams continue to bring MCHU value, such as this additional advertising.

Jim Wheeler-CEO for Microholdings state: "we believe that The Edge Pain and Performance chips work exceptional well and have seen first hand how these chips can help so many people improve their quality of life. If for any reason a customer is unsatisfied with either of these products we will refund the full amount of their purchase."

About The Edge Chip, Inc.: Products were created out of a need for a safe alternative to "over the counter" or prescribed medications to provide energy, stamina, and pain relief for everyone from professional athletes to ANYONE with chronic pain. The Pain Management Chip is designed to reduce aches and pains of those suffering from minor everyday aches to chronic discomfort.

The Energy / Performance Chip has all the energy of a sugar and caffeine-laden energy drink without any harmful ingredients or chemicals entering the body and without the crashes.

To purchase Pain and Performance chips visit the new website at http://www.TheEdgeChip.com

About Microholdings US, Inc.: MCHU is incorporated in the state of Oklahoma and has been in operation since October 1998. It is currently a publicly traded company, trading under the symbol MCHU. Microholdings' objective is a holding company with the focus of acquiring innovative revenue producing businesses. For more information contact [e-mail] or go to the Company website at www.microholdingsus.com or www.otcmarkets.com/home for the latest company financial information.

Safe Harbor Statement Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

Contact:
Microholdings US
360-334-6400

SOURCE Microholdings US, Inc.





Source: PR Newswire (October 28, 2011 - 8:30 AM EDT)

News by QuoteMedia