MARKetTIME NEWS

[jmb015]

Eyes on GESI news today.

GESI Completes Escrow Milestone for Plant Funding by Private Escrow Capital Raise

http://ih.advfn.com/p.php?pid=nmona&article=53784501&symbol=GESI

I expected an update shortly that the $45 million funding agreement is finalized, and also the terms of the agreement and the amount of their first draw, as well a timeline for the plant build out. I highly recommend taking a serious look at this company and growth potential.

Chart shows continued accumulation and positive CMF.

http://stockcharts.com/h-sc/ui

Low floater:
Share Structure
Market Value1 $2,780,102 a/o Aug 09, 2012
Shares Outstanding 173,756,353 a/o Mar 31, 0212
Float 67,902,498 a/o Mar 31, 2012
Authorized Shares 490,000,000 a/o Mar 31, 2012

http://www.otcmarkets.com/stock/GESI/company-info

[zigzagman]

$OREO 's Level 2 shows it's THIN on the Ask side!...

[Stock Trainer]

Not much left on OREO’s ask.

[Stock Trainer]

OREO Provides Background on Paradise 2-12 Well Acquisition & Completion Efforts in Gabbs Valley, Nevada

http://finance.yahoo.com/news/american-liberty-petroleum-corp-provides-125900266.html

[Stock Trainer]

GYST Announces Its Bulk Sampling on Gorilla Indicate Possibility of 500,000 Ounces of Gold

Press Release: The Graystone Company, Inc. – Thu, Jan 12, 2012 8:00 AM EST.. .


LIMA, Peru--(BUSINESS WIRE)-- The Graystone Company (OTCQB: GYST), announced today that the Company conducted 23 days of test mining production ("bulk sampling") on its claim "Gorilla."

Based on the results, the Company has estimated that the average level of gold on Gorilla is 0.76 grams per cubic meter. The results from the 23 days ranged from 0.33 grams per meter3 to 1.47 grams per meter3. Based on these initial ranges the Company is estimating that the amount of gold on Gorilla could be in excess of 300,000 ounces (or $500,000,000 at current gold prices); however, additional testing is necessary to determine the total size of the gold deposits and the amount of usable land. A copy of the geological report can be found here: Gorilla Report.

Between Gorilla and Graystone II, the Company has a total portfolio of 1,200 hectares (or 2,965.27 acres) or approximately 12,000,000 square meters (or 4.63 square miles) of mining claims in Peru. The Company estimates that the two claims could have in excess of 500,000 ounces of gold (or $825,000,000 at current gold prices). The Company is expecting that only about 15% of the claims may be viable to mine. Based on 15% of the claims being viable, the Company estimates the revenue potential could be up to $125,000,000.

The Company expects to begin mapping the properties in the next few months. Once the mapping is completed, the Company will devise a plan for production and be able to determine the amount of the claims that are viable to mine. The mapping will also determine if the Company's initial testing was conducted in an area that has a larger concentration of gold than the rest of the property.

The Company acquired 100% of Gorilla for $55,000. The Company owns the claim through its wholly owned subsidiary Grupo Mineral Inca (a Peruvian Corporation). The Company acquired Gorilla prior to GMI being a 100% owned subsidiary and is currently finalizing the paperwork to have the claim transferred into GMI's name. The Company anticipates that it will need to raise up to $750,000 to acquire the equipment and build the necessary infrastructure to conduct mining operations on the claims. The Company expects that it could be mining on these claims for the next 20-25 years.

These results have not been independently verified and were conducted internally to assist in determining if the property contains gold values conducive to profitable extraction. When Company's management evaluates any projects its assumes the market price of gold is $850 per ounce.

No proven (measured) or probable (indicated) reserves have been established with respect to the Gorilla project. Any references to estimated, potential and/or “inferred” reserves or resources, and any estimated values of such reserves, contained in the geological report, or set forth in any other communication (i) do not represent proven (measured) or probable (indicated) reserves within the meaning of Item 102 of Regulation S-K and the Commission’s Securities Act Industry Guide 7, and (ii) should not be relied upon by any person in evaluating the Company’s prospects at the Gorilla project.

About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.


The Graystone Company, Inc.
Paul Howarth, 702-438-4100

Some info on GYST

[Stock Trainer]

Print
Alert
Graystone Co. (OTCBB:GYST)
Historical Stock Chart

1 Month : January 2012 to February 2012
Click Here for more Graystone Co. Charts.

The Graystone Company (OTC Bulletin Board: GYST) announced today that its retail division Graystone Gold has sold out of its initial allotment of gold and silver bars. Graystone Gold was launched in January 2012.

Graystone Gold was launched to vertically integrate the Company's business from producing gold and precious metals from its own mines to being able to sell directly to consumers and jewelers. Selling gold and silver through its retail division allows the company to increase its margins by 15-20%. Junior mining companies typically sell ore to refineries for 5-7% below spot price. However, by selling it retail the Company can sell the gold and other precious metals for 10-15% over spot. The Company expects to grow the retail business over the next 8-12 months while operations on our mining properties are being built.

About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.

Notice Regarding Forward-Looking 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. Actual results could differ from those projected in any forward-looking statements due to numerous factors. 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

[Stock Trainer]

GYST Thanks for that link.

[Stock Trainer]

Print
Alert
Graystone Co. (OTCBB:GYST)
Historical Stock Chart

1 Month : December 2011 to January 2012
Click Here for more Graystone Co. Charts.

The Graystone Company (OTC Bulletin Board: GYST), announced that its 100% owned subsidiary Grupo Minero Inca (a Peruvian Corporation) has claimed a additional mining concession in Peru. The new concession has been named Graystone II and is 800 hectares (or 1,976.84 acres) or approximately 8,000,000 square meters (or 3.08 square miles). The additional property is adjacent to the Company's current mining property, Gorilla (aka Graystone I). The acquisition of the additional concession increases the Company's total portfolio of properties to 1,200 hectares (or 2,965.27 acres) or approximately 12,000,000 square meters (or 4.63 square miles). Both Gorilla and Graystone II are owned 100% by the Company.

The Company has done preliminary testing on approximately 10-15% of Graystone II. The initial results indicate that the part of Graystone II that was tested may contain as much as 20,000 ounces of gold (or $32,000,000 at $1,600 per ounce). Based on this information, the Company has deemed it worthwhile to continue to test the remaining part of Graystone II to determine the amount of gold on the entire property and to map the property for production. Once the testing and mapping are completed, the Company will have a plan for production and know how much of the property is viable to mine.

"The initial testing on Graystone II has been successful," said Paul Howarth, Managing Director of The Graystone Company, "however we need to continue to test the property and complete the feasibility study. We will conduct a feasibility study to determine how much of the property is economically minable. There will always be portions of projects that are not cost effective to mine. But to have such positive initial results this early into our projects is exciting and we are looking forward to moving these properties toward production."

The proximity of Graystone II with Gorilla will allow the Company to maximize its resources in the area and provide the Company with base of operations to mine both Gorilla and Graystone II.

The Company claimed Graystone II prior to GMI being a 100% owned subsidiary. The Company is currently finalizing the paperwork to have the claims transferred into GMI's name.

The Company is currently finalizing the internal report on the testing completed on Gorilla and expects to release the data soon.

No proven (measured) or probable (indicated) reserves have been established with respect to any project of The Graystone Company. Any references to estimated, potential and/or “inferred” reserves or resources, and any estimated values of such reserves, contained in the geological report, or set forth in any other communication (i) do not represent proven (measured) or probable (indicated) reserves within the meaning of Item 102 of Regulation S-K and the Commission’s Securities Act Industry Guide 7, and (ii) should not be relied upon by any person in evaluating the Company’s prospects.

About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.

Notice Regarding Forward-Looking 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. Actual results could differ from those projected in any forward-looking statements due to numerous factors. 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

[Chicago Trader]

Allezoe Medical Holdings (ALZM) Launches New Subsidiary in Latest Steps to Advance HPV Diagnostic Technology
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0731678001sourceType=1http://www.ccnmatthews.com/logos/20110919-alzmlogful%5B1%5D.jpg
BOCA RATON, FLORIDA -- (Marketwire) -- 09/28/11 -- Allezoe Medical Holdings, Inc. (OTCBB:ALZM) today announces the launching of its new wholly-owned subsidiary, SureScreen Medical, Inc.

SureScreen Medical will be responsible for taking Allezoe's HPV diagnostic technology through the appropriate trials and federal clearances. The subsidiary will then coordinate the strategy for a powerful market launch.

Allezoe is moving quickly following its announcement that it is acquiring SureScreen(TM) and other "see and treat" technology for on-the-spot diagnosis of Human Papillomavirus (HPV). HPV is linked to a number of cancers in both men and women; given the size and scope of the technology's applications, a subsidiary is appropriate to orchestrate the process.

Allezoe CEO Michael Gelmon says, "Many technologies do not see the light of day because companies fail to go through the proper processes and channels to commercialize what they have in hand. We are committed to a thorough process that can be rewarding for the healthcare field and our shareholders."

As the leading sexually transmitted infection, and a major cause of cervical cancer in women around the world, HPV is a growing public health concern. While SureScreen Medical will first focus on launching the diagnostic treatment for women in the global market, the company has already honed in on the applications of the technology for the men and veterinary fields.

Completing the regulatory process would open Allezoe's non-invasive technology to the $18B diagnosis and treatment market (10%) around the world. Allezoe hopes to see the market expand to its full size as patients and their providers gravitate toward the efficient, affordable technology.

Gelmon says, "With SureScreen Medical, we will leave no stone unturned. Naturally we're moving quickly - it's an exciting time and we want Allezoe to be the game-changer in how HPV is diagnosed around the world."

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21 E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that these forward-looking statements involve uncertainties and risk that could cause actual performance and results of operations to differ materially from those anticipated. These risks are set forth in the Company's most recently filed form 10-K and Form 10-Q reports. The Company assumes no obligation to update the statements contained in this release except as required by applicable securities disclosure rules. The Company's SEC filings are available at http://www.sec.gov.

Contacts:
Allezoe Medical Holdings, Inc.
Media Department
214-290-8031
[e-mail]
www.allezoe.com

[Chicago Trader]

First Liberty Power Corp. Lithium Market Update


LAS VEGAS, Dec. 12, 2011 /PRNewswire/ -- First Liberty Power Corp. (OTCBB:FLPC) (the "Company") www.firstlibertypower.com would like to draw investor attention to recent positive news regarding the lithium sector.

On Dec 6th, 2011, Bloomberg (Lithium, Cobalt Among Minerals Facing Chronic Shortage, PwC Says) reported "Global manufacturers may face a critical shortage of 14 raw materials over the next five years affecting industries including chemicals, aviation and renewable energy, according to PricewaterhouseCoopers LLP." The report, from PricewaterhouseCoopers, identified Lithium along with Beryllium, Cobalt and Tantalum as some the affected resources. The story continued quoting Malcolm Preston, PwC's global sustainability leader: "Many businesses now recognize that we are living beyond the planet's means."

On Dec 5th, 2011, Talison Lithium (Talison Lithium Concludes First Sales Contracts for 2012 With 15% Price Increase) announced a 15% price increase for its first contracts for the calendar year 2012. They stated "the price increase reflects current lithium market dynamics" and "Talison is optimistic it will achieve similar price increases in the remaining sales contracts it is negotiating for calendar 2012." The price increase by Talison follows in the steps of price increases of 20% announced earlier in 2011 by Chemetall Foote, the lithium subsidiary of Rockwood Holdings.

Don Nicholson, President and CEO of First Liberty Power Corp., commented, "The report out of PricewaterhouseCoopers along with the price increases announced by Talison and Chemetall Foote, I believe, validate our exploration strategy of targeting lithium as a critical mineral with a huge upside potential."

First Liberty Power's Lida Valley property (the "LVW Claims") shares many of the same geological and weathering characteristics of nearby Chemetall Foote Corporation's Silver Peak Mine, the only lithium brine producer in the United States. The LVW Claims are located within 15 miles of the Montezuma Peak, which is believed to be the source of the region's lithium. Mine production comes from lithium enriched brine located below the surface. This Silver Peak plant has been in production since 1967 and is designed to produce up to 1.2 million kilograms of lithium hydroxide per annum.


About Us

First Liberty Power Corp. is a Nevada based mineral exploration company with a primary focus on lithium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for lithium carbonate that is projected to result from the acceleration of the adoption and use of clean renewable energy products that utilize lithium-ion batteries.

Contact
First Liberty Power Corp.
www.firstlibertypower.com
[e-mail]
Tel: [phone]

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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, including but not limited to, the final outcome Lida Valley exploration / work programs, the specific nature and extent of the next phase of our exploration program, our ability to raise the necessary capital to complete our exploration program, and any mineralization, exploration and development of our mineral properties, specifically in regards to Lithium.

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 mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. 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 the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that 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 our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

SOURCE First Liberty Power Corp.





Source: PR Newswire (December 12, 2011 - 4:48 PM EST)

News by QuoteMedia

[MadeIt]

EMWW's challenge is to make both households and commercial establishments as mentioned in our previous announcement continuously informed that our cost effective pathogen protection system for both bacteria and viruses is now available.

[MARKetTIME]

NVSR News!!
NavStar Technologies, Inc. Shareholder Update



NavStar Technologies, Inc. (PINKSHEETS: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo, today released the following shareholder letter.

Dear Shareholders,

As you know we recently announced that NavStar has secured $2.4M in funding from an investment group in Southern California.

The funds from this investment will be primarily used to complete the final development and manufacturing of our GPS tracking and monitoring products and services. The experience we have gained over the past 12 months from field trials and customer input will allow us to build "state of the art" products and services. We expect to be selling GPS tracking and monitoring products and services by the second quarter of 2012.

Since the funding was announced we had added three additional engineers at our location in Anaheim and have formed a strategic relationship with engineering design firms in Korea and China to accelerate our product development timeline.

Marketing data, customer input and technology improvements have driven us to focus our product and sales efforts on the following market segments:

PowerSports Products (Motorcycles/Scooters/ATV)

Vehicles/Trucks

People

Machine to machine (M2M)

We will continue to monitor the Electronic On Board Recorder (EOBR) mandate by the Department of Transportation that requires United States Truckers to electronically record their hours of service (HOS). Our current product portfolio will support this market segment as it unfolds in 2012 and 2013.

NavStar has 15-20 customers around the world that have purchased over 20,000 units in the past and we expect to see significant revenue contributions from them in the future as we launch our new products.

We also have several significant international opportunities available in South America, Mexico and Canada. We will leverage the US product development efforts (now through 2Q12) and be positioned to sell internationally by 3rd Quarter 2012.

In any business, the ability to distribute products and make customers aware of the "value proposition" is the major factor for any company to succeed. Look for NavStar to announce some major distribution agreements in the next several months that are non-existent in the GPS tracking/monitoring industry today.

We appreciate your support over the past several years and we are looking forward to a great 2012.

Sincerely,

N. Douglas Pritt

Chairman & CEO

NavStar Technologies, Inc.

About NavStar Technologies, Inc.

NavStar (www.navstarinc.com) is focused on the creation of products and services that provide tracking and monitoring of vehicles and high value cargo, equipment, and other valuable and personal assets.

CONTACT:

NavStar Technologies, Inc.

Patrick Bannister

714-502-6900

Email Contact: Email Contact

[MARKetTIME]

Yeah RGNAis definitely worth watching!!

[hdsstocks]

RGNA big bid now, .019s hitting, .018 has over 200k on the bid!!

[StkMktPirate]

Inflation Drops for First Time in Four Months

If you take a look at this graph of the U.S. Consumer Price Index, you'll see that the index has dropped for the first time in months. Good news for a lot of Americans.



This index shows how overall product prices affect day to day consumers. A rising consumer price index (CPI) indicates that prices have gone up and that prices are escalating more quickly than people's wages.

When this occurs the purchasing power of the consumer dwindles. This has been an all-too-familiar feeling for year 2011; a year that has been dominated by a rapidly and sharply increasing CPI. October was only the second time that the consumer index has fallen since late 2010.

According to the U.S. Department of Labor, Bureau of Labor Statistics, the consumer price index fell by 0.1 percent after rising by 0.3 percent this past September.

According to experts, the four percent price dip of petrol led to the overall CPI decline.

On news of the fallen CPI, speculation suggests that the Fed may finally get around to initiating their often-talked about third dose of quantitative easing sometime in the beginning of 2012. Paul Ashworth, economist with Capital Economics said the Fed will “probably” launch QE3 if unemployment remains stagnant, close to 9 percent.

Whether that's what the economy really needs is an entirely other story...

Those concerned about rising prices will point to the 0.1pc increase last month in core inflation, a measure that excludes the more volatile food and energy components. Core inflation is now 2.1pc higher than it was a year ago, while headline inflation is 3.5pc stronger.

However, officials such as Chicago Fed chief Charles Evans, who favours more aggressive stimulus from the central bank, will instead point to a slowing in the annual gains in core inflation over the last three months as evidence that the worst of the increases are finished.


This decline in inflation is welcome news for Mr. Ben Bernanke who has repeatedly said that high oil prices were to blame for struggling consumers. He also said that would be a “temporary” predicament.

Perhaps October's decline represents “the start of the reprieve from 'transitory' price increases promised by the Fed,” said Alex Hoder, FTN Financial economist.







http://www.wealthwire.com/news/economy/2229

[WealthyKing]

NTRO .0079 x .008
up 31% on high volume 440k

[MadeIt]

I like NTRO too

[WealthyKing]

NTRO just picked up 50k at the ask today. .006

[MARKetTIME]

NTRO at 52 week low, may be time to buy eh?

[WealthyKing]

NTRO has a lot going for it,

SHARE STRUCTURE update as of close 8-23-2011
O/S 207,424,156
R/S 77,981,054
Float of 129,443,102

THE FOLLOWING ARE PROVED DEVELOPED AND UNDEVELOPED RESERVES
2011 OIL RESERVES ARE UP TO 79,766 BBLS OVER 16,250 FROM 2010 - Representing an increase of 490%

2011 GAS RESERVES ARE UP TO 89,098 MCF OVER 28,959 FROM 2010 - Representing an increase of 307%

79,766 BBLS= 6,665,166 Future Cash Flow
NTRO estimates to have 2,852,984 Future NET Cash Flow according to PROVEN RESERVES

This Represents an increase of 530% over 2010 !!!

[MARKetTIME]

Thanks bud.

[Traction]

Marked your board.

[MARKetTIME]

The Graystone Company Provides Corporate Update
Graystone Co. (OTCBB:GYST)

The Company has begun negotiations with one of the larger environmental impact study firms in Peru. The Company hopes to engage the firm soon since it is expected to take at least 4-6 months to complete the environmental impact study. The Company needs to complete the study prior to converting the claim into a concession. Once the claim is converted into a concession, Graystone is able to begin full production on Gorilla and will not be limited to only bulk sampling. During this time, we are able to mine in a limited production manner (or bulk sampling), which allows our crew to map the property and to generate gold production on a limited basis. The limited gold production would be similar to the Company's previous limited gold production that occurred in May through July 2011.

"We are excited that during the process of getting our environmental impact study completed, we can increase our gold sales and production through additional bulk sampling on Gorilla," says Paul Howarth, CEO of The Graystone Company.

The Company is pleased to also announce that its Facebook and Twitter pages have grown beyond the expectations of the Company. The Company's Facebook page has over 1,000 followers while its Twitter page has approximately 10,000 followers. The Company created these pages to provide a place for shareholders to interact with the Company and for the Company to provide and discuss information about its operations.

"Facebook and Twitter provide us with the ability to more efficiently communicate with our shareholders about our operations and for the shareholders to communicate with the Company," says Paul Howarth. "We hope all of our shareholders will take advantage of our social media to ask us questions, read our press releases, and learn about how the operations in Peru are going."

The Company's Twitter page is located at: http://twitter.com/#!/graystoneGYST and the Facebook Page is located at http://www.facebook.com/pages/The-Graystone-Company-Inc/244666725585694.

About The Graystone Company

The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.

[MARKetTIME]

Petaquilla Minerals Ltd. Commences On/Off Leach Operations
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0743413001&sourceType=1http://www.ccnmatthews.com/logos/20070116-pet.gif
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/09/11 -- Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces that, as part of the Company's focus to continue to increase production at its Molejon gold mine, it initiated its on/off leach operation in the third week of September 2011.

The Company's on/off leach operation target for its current second quarter (September 1, 2011, to November 30, 2011) is to reach 2,500 gold ounces contained in ore on the pad for future extraction. Petaquilla has achieved 50% of the target, thus far, and anticipates meeting its target within the next nine days.

The capacity of this first leach pad is 40,000 tonnes of ore. Prior to the end of this month, the Company will complete a second much larger leach pad with a capacity of 300,000 tonnes of ore. Combined, Petaquilla anticipates that the ore on the two leach pads will contain 17,000 gold ounces by the end of the third quarter of this fiscal year.

The Company anticipates reaching 70% recovery from the first leach pad in the next 60 days while simultaneously replacing ore for the next round of leaching, expected to have the same recovery results. Phases will overlap to ensure continuous extraction.

About Petaquilla Minerals Ltd. - Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of its 100% owned 842 square kilometre concession lands in Panama - a region known historically for gold content. In addition, the Company has acquired 100% of the Lomero-Poyatos project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.

Disclaimer. This press release includes forward-looking statements. All statements, other than statements of historical fact, contained in this news release, including, but not limited to, statements regarding future financial results, market assumptions, the estimation of mineral resources and the realization of mineral resource estimates, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Petaquilla's control that would cause the actual results, performance or achievements of Petaquilla to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions, Petaquilla's present and future business strategies and the environment in which Petaquilla will operate in the future. Any forward-looking statements speak only as at the date of this document. Petaquilla expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in Petaquilla's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except to the extent required by applicable law. As a result of these factors, the events described in the forward-looking statements in this press release may not occur either partially or at all.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

Richard Fifer, Executive Chairman

No stock exchange has approved or disapproved the information contained herein.

Contacts:
Petaquilla Minerals Ltd.
Richard Fifer
Executive Chairman
[phone] or Toll free: 1-877-694-0021
[phone] (FAX)
www.petaquilla.com

[MARKetTIME]

Dune Energy Extends Deadlines for Restructuring
HOUSTON, Nov. 9, 2011 /PRNewswire/ -- Dune Energy, Inc. (OTCBB:DUNR) today announced an update on its restructuring.

The Company and the ad hoc committee of note holders have agreed to extend the date to launch the anticipated debt for equity exchange to November 11, 2011 from November 8, 2011. Certain other dates within the restructuring support and lockup agreement and the restructuring term sheet will also be extended. Dune expects this extension to allow for completion of the exchange offer documentation but should still allow the out-of-court restructuring to be completed prior to year-end.

Click here for more information: http://www.duneenergy.com/news.html?b=1683&1=1

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements that are intended to be covered by "forward-looking statements" safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements included in this press release that address activities, events or developments that Dune Energy expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning estimates of expected drilling and development wells and associated costs, statements relating to estimates of, and increases in, production, cash flows and values, statements relating to the continued advancement of Dune Energy, Inc.'s projects and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Dune Energy, Inc. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects will experience technological and mechanical problems, geological conditions in the reservoir may not result in commercial levels of oil and gas production, changes in product prices and other risks disclosed in Dune's Annual report on Form 10-K filed with the U.S. Securities and Exchange Commission.

Investor Contact:
Steven J. Craig
Sr. Vice President Investor Relations and Administration
713-229-6300

SOURCE Dune Energy, Inc.





Source: PR Newswire (November 9, 2011 - 9:25 AM EST)

News by QuoteMedia

[MARKetTIME]

Bitzio, Inc. Retains Capital Group Communications for Investor Relations and Strategic Consulting Services
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0743311001&sourceType=1http://www.ccnmatthews.com/logos/20110912-bitz2.jpg
SAN DIEGO, CALIFORNIA -- (Marketwire) -- 11/09/11 -- Bitzio, Inc (OTCBB:BTZO) today announced that it has retained Capital Group Communications, Inc. ("CGC"), for strategic investor and media relations services.

San Francisco-based CGC is a leading consulting firm specializing in the creation and implementation of comprehensive investor, public and media relations for venture stage and emerging growth companies. CGC utilizes a long-term, collaborative business model whose strength has always been its relationships.

Gordon McDougall, Bitzio's Chief Executive Officer, said, "Capital Group will be instrumental in supporting our communications with the investment community and media. We look forward to working with CGC for our shareholders and anticipate a long and productive relationship."

"The Bitzio plan and strategy is in one of the fastest growing areas in the market space that we have seen in over a generation. We believe that the App space is a true marvel and are excited to deliver the compelling Bitzio story to our network," said Mark Bernhard, President CGC.

About Bitzio, Inc.

Bitzio, Inc. is a company with a strong focus on smartphone applications, social media and marketing optimization. We work with developers of mobile applications to dramatically improve their marketing reach, sales conversion, revenue and bottom line profits. We envision a mobile community where mobile applications enable people to connect in new and meaningful ways, and where Bitzio is a key driving force enabling these connections. For more information on the company, visit us at www.bitzio.com. Learn about Bitzio Inc. Watch the video.

To receive public information, including press releases, SEC filings, profiles, investor kits, news alerts and other pertinent information, please visit our IR section of our website.

Forward Looking Statement

This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic findings with the U.S. Securities and Exchange Commission.

Contacts:
Capital Group Communications, Inc.
Mark Bernhard
415.332.7200
[e-mail] or

Capital Group Communications, Inc.
Mark Gundy
415.332.7200
[e-mail]






Source: Marketwire (November 9, 2011 - 9:25 AM EST)

News by QuoteMedia

[MARKetTIME]

PNI Digital Media and Rite Aid Corporation Sign Agreement
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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/09/11 -- PNI Digital Media (TSX:PN)(OTCBB:PNDMF) ("PNI" or the "Company"), the leading innovator in online and in-store digital media solutions for retailers, announced that it has reached an agreement with Rite Aid Corporation (Rite Aid) to operate the all-new Rite Aid online photo center My Photos My Way at http://mywayphotos.riteaid.com.

Rite Aid has approximately 4,700 locations across the United States. As part of the multi-year agreement, PNI is delivering a state-of-the-art online experience, enabling customers to order prints and select photo gifts such as greeting cards and pick them up at any Rite Aid location in as little as an hour. Orders including photo books, calendars and a wide range of photo gifts can also be shipped to any address.

"We are excited to partner with Rite Aid for today's launch of an all-new online photo experience for their customers," said Kyle Hall, Chief Executive Officer of PNI Digital Media.

The all-new Rite Aid My Photos My Way photo site is available at http://mywayphotos.riteaid.com. For more information on the site including the new features and services it offers Rite Aid customers, visit www.riteaid.com/news.

About PNI Digital Media- PNI Digital Media operates the PNI Digital Media Platform, which provides transaction processing and order routing services for major retailers. The PNI Digital Media Platform connects consumer-ordered digital content, whether from online, in-store kiosks, desktop software or mobile phones, with retailers that have on-demand manufacturing capabilities for the production of personalized products such as photos, photo books, photo calendars, business cards and stationery. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide.

Further information on our company can be found at www.pnimedia.com.

The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media's actual results could differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company's annual report and other filings. Additional information related to the Company can be found on SEDAR at www.sedar.com and on the SEC'S website at www.sec.gov/edgar.shtml. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.

PNI Digital Media relies upon litigation protection for "forward-looking" statements.

The TSX has neither approved nor disapproved the information contained in this release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
PNI Digital Media Inc.
Simon Cairns
Investor Relations and Press Contact
866-544-4881
[e-mail]
www.pnimedia.com






Source: Marketwire (November 9, 2011 - 9:30 AM EST)

News by QuoteMedia

[MARKetTIME]

Cyalume Technologies and Nammo Talley, Inc. Announce Collaborative Relationship
WEST SPRINGFIELD, Mass., Nov. 9, 2011 (GLOBE NEWSWIRE) -- Cyalume Technologies, Inc. (OTCBB:CYLU) today announced it has entered into a collaborative relationship with Nammo Talley, Inc. (Nammo Talley). Currently Cyalume's ammunition applications are fielded in medium caliber 40mm high and low velocity training rounds. The collaboration with Nammo Talley partners Cyalume with a leading defense contractor, providing entry to a significant segment of the ammunition and weapons market.

Scott Selle, president and CEO of Nammo Talley remarked, "Our team defines the concept of synergy. I strongly believe the partnering combination of our capabilities will enable us to deliver better technology and higher value to customers than a traditional supply chain relationship."

Derek Dunaway, Cyalume president and CEO, stated, "The ability to work with Nammo Talley, a unit of an established international defense company, confirms my confidence in Cyalume's past achievements and growth prospects. We are pleased to collaborate by contributing our non-toxic, non-incendiary and non-dud producing payload to Nammo Talley's superior products."

Nammo Talley is located in Mesa, AZ with facilities in Pennsylvania, Mississippi and Utah. They are a member of the Nammo Group, headquartered in Norway.

About Cyalume Technologies, Inc.

Cyalume Technologies is the world leader in chemiluminescent (chemical-light) technology. The Company's suite of visible and non-visible chemical-light products provide dependable training and battlefield operation light solutions to the United States and NATO country militaries as well as to safety professionals across the globe. Products also include training and tactical chemiluminescent ammunition payloads for both military and commercial markets that offer a non-pyrotechnic, environmentally-friendly alternative to conventional ammunition. Cyalume Technologies Inc manufactures its products in West Springfield, Massachusetts and in its wholly-owned subsidiary Cyalume Technologies SAS based in Aix-en-Provence, France. For more information, please visit the Company's web site: www.european-lightstick.com

The Cyalume Technologies Holdings, Inc. logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=8101

About The Nammo Group:

The Nammo Group, headquartered in Norway, is a Nordic defense and aerospace group specializing in design and production of ammunition products, shoulder launcher munitions systems, missile and space propulsion systems and demilitarization services. The Nammo Group employs 2000 people at 18 production sites in 7 countries. Nammo recorded revenues of around 600 million USD in 2010.

http://www.nammo.com

Forward-Looking Statements:

Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

CONTACT: Aimee Gordon
Investor Relations
413-386-3434
[e-mail]

Sissel Solum
Senior Vice President, Communication
Nammo AS
Phone [phone]
[e-mail]

John Hill
Vice President , Business Development
Nammo Talley, Inc.
480-898-2280
[e-mail]






Source: Globe Newswire (November 9, 2011 - 9:30 AM EST)

News by QuoteMedia

[MARKetTIME]

Nitro Announces Quinlan Projects
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OKLAHOMA CITY, OKLAHOMA -- (Marketwire) -- 11/09/11 -- Nitro Petroleum Incorporated (OTCBB:NTRO) -

Nitro Petroleum Inc. is pleased to announce that we have commenced phase one of the Quinlan project. We moved in a pulling unit and have rig up on the SWD well to replace the existing tubing with 3 1/2 in chrome tubing. We will be pressure testing the SWD well tomorrow, which will allow us to put the Quinlan No. 2 well back on line. We will commence phase 2 of this project next week by moving in on the Quinlan No. 1 to restore production and replacing the SWD pump. We will commence phase 3 the following week by restoring production on the Quinlan No. 3 well. We will keep you advised of our progress. The company is extremely excited about completing this project over the next 10 to 20 days.

About Nitro Petroleum: Nitro Petroleum Incorporated is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed with Joint Venture partners. More information about the company is available at www.nitropetroleuminc.com.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. We do not intend to, and undertake no duty to, update any such forward looking statements to reflect the impact of circumstances or events that arise after the date such forward looking statements were made.

Contacts:
Nitro Petroleum Incorporated
Investor Relations
405-273-9119
[e-mail]
www.nitropetroleuminc.com






Source: Marketwire (November 9, 2011 - 9:30 AM EST)

News by QuoteMedia

[MARKetTIME]

Gold Bullion retains SGS Canada Inc. - Geostat as independent consultant on its Granada Property
VANCOUVER, Nov. 9, 2011 /CNW/ -

Frank Basa reports:

Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) ("Gold Bullion") is pleased to announce it has retained the services of SGS Canada Inc. - Geostat ("SGS") as an independent consultant to provide technical assistance on its Granada Property, located along the Cadillac trend in Northwestern Quebec, 5 km south of the city of Rouyn-Noranda. Gold Bullion has decided to replace GENIVAR by SGS as geological consultants.

SGS will prepare a compliant NI 43-101 resource estimate followed by the preparation of Preliminary Economic Assessment (PEA). The report is expected to be disclosed in the first quarter of 2012.

The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity. With more than 67,000 employees, SGS operates a network of over 1,250 offices and laboratories around the world.

About Gold Bullion Development Corp.

Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Québec, and its Castle Silver Mine in Gowganda, Ontario.

For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.

"Frank J. Basa"
Frank J. Basa, P.Eng. President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.




Source: Canada Newswire (November 9, 2011 - 9:39 AM EST)

News by QuoteMedia

[MARKetTIME]

Xtra-Gold Intercepts 62 Metres of 1.57 g/t Gold, Including 42 Metres of 2.00 g/t Gold; and 41 Metres of 1.62 g/t Gold, Including 20 Metres of 2.18 g/t Gold, at Kibi Gold Project in Ghana, West Africa
TORONTO, Nov. 9, 2011 (GLOBE NEWSWIRE) -- Xtra-Gold Resources Corp. ("Xtra-Gold" or the "Company") (TSX:XTG) (OTCBB:XTGR), is very pleased to announce that ongoing drilling continues to confirm the down-plunge continuity and the multiple en-echelon vein package structural style of the Big Bend gold zone, and demonstrate the multiple gold deposit potential within Zone 2 of the Company's wholly-owned Kibi Gold Project, located in the Kibi – Winneba greenstone belt ("Kibi Gold Belt"), in Ghana, West Africa.

Highlights of the 15 new diamond core holes (5,714 metres) reported today include:

- 62 metres grading 1.57 grams per tonne ("g/t") gold, including 2.00 g/t gold over 42 metres (and including 2.76 g/t gold over 19 metres) in #KBDD11141 from 232 metres down-hole (Big Bend Zone);

- 41 metres grading 1.62 g/t gold, including 2.18 g/t gold over 20 metres, in #KBDD11143 from 249 metres down-hole (East Dyke-North Zone);

- Big Bend Zone now traced over approximately 325 metre strike length and 500 metre down plunge from surface within the Central Granitoid body;

- South Ridge Gold Zone extended 170 metres further down dip than from 2010 drilling; gold mineralization now traced over distances of approximately 440 metres along the strike and 400 metres down the dip of the South Ridge Granitoid body;

- New typical Kibi-type granitoid hosted vein system (i.e. Road Cut Zone) discovered in diorite body located 60 metres due south of the Central Granitoid's Big Bend Zone;

- Second diamond drill rig contracted to accelerate delineation/infill drilling of the Big Bend Zone and East Dyke – North Zone geared towards an initial resource estimate.

Table 1: Significant Drill Intercepts - Kibi Gold Project
Big Bend Zone (Central Granitoid) / East Dyke Zone


Hole ID
From
(metres)
To
(metres) Core Length
(metres) Gold
Grams Per
Tonne

Target Granitoid / Zone
KBDD11129 261 263 2 3.46 East Dyke Zone
KBDD11130 212 229 17 0.98 Central Granitoid – Big Bend Zone
including 221 223 2 3.12




Table 1: Significant Drill Intercepts - Kibi Gold Project
Big Bend Zone (Central Granitoid) / East Dyke Zone


Hole ID
From
(metres)
To
(metres) Core
Length
(metres) Gold
Grams Per
Tonne

Target Granitoid / Zone
KBDD11131 211 237 26 1.75 Central Granitoid – Big Bend Zone
including 214 226 12 2.56
and including 221 226 5 4.48
KBDD11132 237 243 6 1.72 Central Granitoid – Big Bend Zone
And 264 267 3 3.21
And 280 300 20 0.81
including 287 292 5 2.30
KBDD11133 to KBDD11139
Previously reported on August 31, 2011
KBDD11140 162 169 7 1.46 Central Granitoid – Big Bend Zone
And 192 207 15 1.39
including 192 199 7 2.48
KBDD11141 232 294 62 1.57 Central Granitoid – Big Bend Zone
including 241 283 42 2.00
and including 251 270 19 2.76
KBDDD11142 200 226 26 1.41 East Dyke / Central Granitoid – Big Bend
including 218 226 8 2.37
And 350 356 6 1.98
And 387 407.1 20.1 1.71
And 415 418 3 2.14
And 446 468 22 1.43
including 457 462 5 3.19
KBDD11143 249 290 41 1.62 East Dyke Zone
including 258 278 20 2.18
KBDD11144 34 64 30 0.79 Road Cut Zone (New Zone)
including 45 64 19 1.05
KBDD11146 3 13.5 10.5 2.14 Central Granitoid – Big Bend Zone
And 73 74 1 8.23
KBDD11148 452 467 15 1.40 South Ridge Zone
including 452 459 7 2.53
Notes:
Reported intercepts are core - lengths; true width of mineralization is unknown at this time.
Unless otherwise indicated intercepts constrained with a 0.25 g/t gold minimum cut-off grade at top and bottom of intercept, with no upper cut-off applied, and maximum of five (5) consecutive metres of internal dilution (less than 0.25 g/t gold). All internal intervals above 15 g/t gold indicated. Intersections of less than 5 g/t gold x metre – grade thickness are not reported.


The present drill results are part of a 20,000 metre exploration/delineation drill program initiated in mid January 2011, designed to delineate/infill the Big Bend Gold Zone – Central Granitoid; as well as further test/delineate other prominent gold systems and geophysical/geochemical anomalies on the approximately 1,200 metre long by 500 metre to 800 metre wide Zone 2 gold-in-soil anomaly of the Kibi Gold Project. The 15 holes (#KBDD11129 to #KBDD11150) reported today include: 6 holes (2,327 metres) on the Big Bend Zone, including #KBDD11142 which tested both the East Dyke and Big Bend zones; 3 holes (899 metres) on the East Dyke Zone; 3 holes (1,211 metres) on the newly discovered Road Cut Zone; 1 hole on the South Ridge Granitoid Zone (578 metres); and 3 geology/exploration holes (699 metres) designed to further define the geometry of Zone 2 diorite bodies.

Big Bend Zone (Central Granitoid)

The present drilling includes 6 holes (2,327 metres) on the Big Bend Zone, including 4 holes designed to further delineate/infill the gold zone and 2 holes targeting the down plunge extension of the mineralized body. In addition hole #KBDD11146 targeting the southern diorite body hosting the Road Cut Zone was collared on the footwall margin of the Central Granitoid (i.e. Big Bend Zone) but exited the Central Granitoid body at a down-hole depth of 25 metres.

The Big Bend Zone holes, with the exception of #KBDD11142, consist of southerly trending boreholes (-60o to -77o inclinations) collared on the northern, hanging wall flank of the easterly trending host diorite body and drilled across the ESE-trending, northerly dipping mineralization sheets. KBDD11142 consists of a WNW-trending borehole originally designed to test the East Dyke Zone but extended down to the Central Granitoid to test the down plunge extension of the Big Bend Zone and to obtain additional structural information on the mineralized vein system.

Holes #KBDD11140 and #KBDD11141 were drilled in a vertical fan pattern (-60o and -72o) with the upper borehole designed as an infill hole along the eastern portion of the Big Bend Zone and the lower borehole targeting the down plunge extension of the mineralized body. The upper #KBDD11140 borehole (-60o) yielded mineralized intercepts of 7 metres grading 1.46 g/t gold and 15 metres grading 1.39 g/t gold from down-hole depths of 162 metres and 192 metres, respectively, and the steeper #KBDD11141 borehole (-72o) intersected 2.00 g/t gold over 42 metres from 241 metres down-hole, including a higher-grade core grading 2.76 g/t gold over 19 metres (251m-270m), in a broader intercept grading 1.57 g/t gold over 62 metres from a down-hole depth of 232 metres; approximately 100 metres vertically below the #KBDD11140 intercept. This mineralization exhibits good continuity with an intercept of 42 metres grading 2.39 g/t gold, including 3.11 g/t gold over 14 metres and 3.19 g/t gold over 9 metres, in hole #KBDD11108; approximately 50 metres above the #KBDD11141 intercept (see May 17, 2011 news release).

Hole #KBDD11142 initially targeted the East Dyke Zone (see description below) but was extended down to the Central Granitoid to test the down plunge extension of the Big Bend Zone and to obtain additional structural information on the mineralized vein system. The westerly trending (285o) borehole diagonally transected (down dip) the easterly trending, steep northerly dipping system of stacked, mineralized vein sheets. This lower segment of #KBDD11142 yielded multiple mineralized intervals, spanning from 350 metres to 468 metres down-hole, reflecting the en-echelon style vein packages forming the Big Bend Zone mineralization, including: 6 metres grading 1.98 g/t gold; 20.1 metres grading 1.71 g/t gold; 3 metres grading 2.14 g/t gold; and 22 metres grading 1.43 g/t gold, including 3.19 g/t gold over 5 metres. The lowermost #KBDD11142 intercept (446m-468m) lies approximately 150 metres below the #KBDD11141 mineralized intercept and approximately 500 metres down plunge from the surface expression of the mineralized body.

Holes #KBDD11130, #KBDD11131, and #KBDD11132 were designed to further delineate/infill the down-dip extension of the western portion of the Big Bend gold zone, approximately 150 metres down-plunge from surface, at vertical depths ranging from approximately 150 metres to 280 metres. All 3 holes returned significant gold mineralization, including: intercepts of 1.75 g/t gold over 26 metres, including 12 metres grading 2.56 g/t gold, from a down-hole depth of 211 metres in hole #KBDD11131; and 1.72 g/t gold over 6 metres, 3.21 g/t gold over 3 metres, and 0.81 g/t gold over 20 metres (including 5 metres grading 2.30 g/t gold) from down hole-depths of 237 metres, 264 metres, and 280 metres, respectively. The #KBDD11131 gold intercept is located approximately 70 metres vertically below mineralized intercepts of 27 metres grading 1.98 g/t gold and 25 metres grading 1.76 g/t gold in #KBDD10103, and approximately 70 metres below and 22 metres west of intercepts of 16 metres grading 2.25 g/t gold and 38 metres grading 2.67 g/t gold in #KBDD11133 (see February 1, 2011 and August 31, 2011 news releases).

To date significant gold mineralization has been traced over an approximately 325 metre strike length and approximately 500 metre down plunge distance from surface along the Big Bend gold zone hosted by the Central Granitoid body. Drilling to date indicates that the Big Bend zone consists of north-easterly plunging, en-echelon, mineralized vein packages appearing to be developed along a trough-like flexure within the Central Granitoid body. Gold mineralization is associated with quartz-albite-carbonate-sulphide veining developed within a rock body of quartz diorite composition.

East Dyke – North Zone (#KBDD11142 and #KBDD11143)

Holes #KBDD11142 and #KBDD11143 consisting of a pair of west trending, vertical fan pattern holes (-55o and -70o) collared on the eastern (hanging wall) flank of the northern segment of the East Dyke Granitoid, targeted the down-plunge extension of significant gold mineralization intersected earlier this year by fan pattern holes #KBDD11105 and #KBDD11106; which returned 15 metres grading 2.05 g/t gold, including 5 metres grading 4.0 g/t gold, and 14 m grading 2.36 g/t gold, including 5 metres grading 5.18 g/t, respectively (see April 26, 2011 news release).

The upper #KBDD11142 borehole (-55o dip) yielded a mineralized intercept of 26 metres grading 1.41 g/t gold, including 8 metres grading 2.37 g/t gold, from a down-hole depth of 200 metres, approximately 50 metres north and 25 metres below the #KBDD11106 intercept; and the steeper #KBDD11143 borehole (- 70o) returned a significant mineralized intercept grading 1.62 g/t gold over 41 metres, including 2.18 g/t gold over 20 metres, from a down-hole depth of 249 metres, approximately 80 metres down dip of the #KBDD11142 intercept.

To date, significant gold mineralization has been traced over an approximately 150 metre strike length and 320 metre down plunge distance along the North Zone of the East Dyke Granitoid (i.e. East Dyke – North Zone). Drilling to date indicates that the North Zone consists of a northerly plunging (approx. 65o) mineralized vein package appearing to be developed at a flexure in the host granitoid body.

Road Cut Zone (#KBDD11144; New Zone)

Hole #KBDD11144 (100o/-55o) returned a mineralized intercept of 30 metres grading 0.79 g/t gold (34m – 64m), including 19 metres grading 1.05 g/t gold, across a NNE-trending system of typical Kibi-type granitoid hosted quartz-albite-carbonate-sulphide veining. This new gold zone (i.e. Road Cut Zone) is emplaced within an easterly trending quartz diorite body lying approximately 60 metres south of the Central Granitoid; due south of the flexure along the Central Granitoid appearing to control the Big Bend Gold Zone mineralization. Additional trenching/drilling is planned to further define the geometry of the host diorite body and the structural controls of the mineralization.

South Ridge Zone (#KBDD11148)

Hole #KBDD11148 (225o/-55o) was drilled as a combination geology/exploration borehole designed to further delineate the western extensions of the Central Granitoid and South Ridge Granitoid bodies, define the stratigraphy across the colluvium-filled valley separating the Central Granitoid and South Ridge Granitoid, and test the down dip potential of the central portion of the South Ridge Gold Zone.

KBDD11148 returned a significant, quartz diorite-hosted, mineralized intercept of 15 metres grading 1.40 g/t gold (452m – 467m), including 7 metres grading 2.53 g/t gold, appearing to correspond to the down dip extension of the South Ridge Gold Zone; approximately 170 metres down dip of the lowermost intercept of 47 metres grading 0.58 g/t gold in hole #KBDD10086 (see January 24, 2011 news release). The borehole also intersected two previously unmapped iron-carbonate altered quartz diorite bodies prospective for the hosting of Kibi-type granitoid hosted gold mineralization.

Drilling and trenching to date have traced an extensive system of en-echelon extension vein arrays across an approximately 440 metre distance along the SE-trending, moderately NE-dipping South Ridge Granitoid body; with the present borehole appearing to extend the mineralization to a down-dip depth of approximately 400 metres.

Drilling Progress and Exploration Outlook

To date, 70 holes totalling 18,932 metres have been completed by Xtra-Gold in its 2011 (20,000 metre) Kibi Gold Project drill program, of which, including the 15 holes (5,714 metres) reported today, 50 drill holes have been reported. Sample turnaround time at the ALS Chemex laboratory in Kumasi, Ghana is improving following the recent installation of additional fire assay furnaces aimed at increasing the laboratories capacity and further assay results will be released in due course.

A new 20,000 metre drill contract, to be initiated later this month following the completion of the current 20,000 metre program, has been signed with Burwash Drilling Limited, and the Company has now contracted Global Drilling Services for a second diamond drill rig (10,000 metre minimum) scheduled to start drilling on or around November 21st, 2011.

One drill rig will be dedicated to the further delineation/infill drilling of the Big Bend Zone and East Dyke – North Zone geared towards an initial resource estimate. The second drill rig will focus on the further testing/delineation of other prominent Zone 2 gold systems including the South Ridge and Mushroom zones, the scout drilling of Zone 3 and Zone 4 trench showings and gold-in-soil anomalies, and the testing of priority geophysical targets yielded by the airborne Versatile Time Domain Electromagnetic (VTEM), magnetic, and radiometric survey completed earlier this year.

Yves P. Clement, P. Geo, Vice President, Exploration for Xtra-Gold is acting as the Qualified Person in compliance with National Instrument 43-101 ("NI 43-101") with respect to this announcement. He has prepared and or supervised the preparation of the scientific or technical information in this announcement and confirms compliance with NI 43-101. The NI 43-101 Technical Report entitled "Kibi Project, Eastern Region, Ghana", prepared by Simon Meadows Smith and Joe Amanor of SEMS and dated July 12, 2010 is filed under the Company's profile on SEDAR at www.sedar.com. Xtra-Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of drill core, reverse circulation ("RC") samples, and trench channel samples, the details of which can be viewed on the Company's website at www.xtragold.com.

About Xtra-Gold Resources Corp.

Xtra-Gold is a gold exploration company with a substantial land position in the Kibi greenstone belt ("Kibi Gold Belt") located in Ghana, West Africa. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.

Xtra-Gold holds five (5) Mining Leases totalling approximately 226 sq km (22,600 ha) at the northern extremity of the Kibi Gold Belt. The Company's exploration efforts to date have focused on the Kibi Project located on the Apapam Concession (33.65 sq. km), along the eastern flank of the Kibi Gold Belt. Xtra-Gold's Kibi Project consists of an over 5.5 km long mineralised trend delineated from gold-in-soil anomalies, geophysical interpretations, trenching and drilling along the northwest margin of the Apapam Concession.

Forward-Looking Statements

The TSX does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

CONTACT: Paul Zyla, Chief Executive Officer
Telephone: [phone]
E-mail: [e-mail]
Website: www.xtragold.com




Source: Globe Newswire (November 9, 2011 - 9:52 AM EST)

News by QuoteMedia

[MARKetTIME]

BioCurex Wholly Owned Subsidiary, OncoPet Diagnostics, Signs Distribution Agreement With Webster Veterinary
RICHMOND, British Columbia, Nov. 9, 2011 (GLOBE NEWSWIRE) -- BioCurex Inc. (OTCBB:BOCX) announced today that its wholly owned subsidiary, OncoPet™ Diagnostics, Inc., has signed a distribution agreement with Webster Veterinary Supply for the distribution of the OncoPet Sample Collection Kit for canine cancer diagnosis. Webster Veterinary, is a division of Patterson Companies, Inc.

As previously announced in a press release dated September 26, 2011, OncoPet™ changed the model for the OncoPet Sample Collection Kit with the development of a kit that safely stabilizes samples for a period of two weeks at room temperature, reducing shipping costs of the samples by up to 90 percent.

Per the non-exclusive distribution agreement, Webster Veterinary will be allowed to purchase the test kits from OncoPet and distribute the OncoPet Sample Collections Kit to veterinarians, veterinary practices, veterinary hospitals and others within the United States and territories of the U.S. including Puerto Rico, Guam as well as others.

"This marks our first agreement for the distribution of the OncoPet Sample Collection Kit in the United States," stated Dr. Paul D. Slowey, President of BioCurex. "This agreement marks a significant milestone and more importantly, a third party validation of our canine RECAF™ technology as a commercially viable product. To that end, annual sales from this distribution agreement alone can potentially get the company to breakeven. We look forward to working with Webster Veterinary and to further expand our distribution network for OncoPet in the U.S. and around the world."

There are approximately 74.8 million owned dogs in the United States. On average, dog owners spent $219 on veterinary visits (vaccine, wellness visits, etc.) annually. Cancer is the cause of nearly half the deaths of older dogs (10 years and up), according to the American Veterinary Medical Association (AVMA), and according to the National Canine Cancer Foundation, canine cancer effects one out of every three dogs.

About Webster Veterinary

Webster Veterinary, a leading distributor of consumable veterinary supplies, equipment and software, diagnostic products, vaccines and pharmaceuticals to veterinary clinics, is part of the progressive, global Patterson Companies (Nasdaq:PDCO) family of businesses.

About BioCurex, Inc.

BioCurex, Inc. is a biotechnology company that is developing products based on patented and proprietary technology in the area of cancer diagnostics. The technology identifies a universal cancer marker known as RECAF.

RECAF is a molecule that is present on cancer cells but not detected in significant levels on healthy cells or benign tumor cells. It is the receptor for alpha-fetoprotein and is classified as an oncofetal antigen due to its presence on both fetal and malignant tissues. This characteristic makes RECAF a more accurate indicator of cancer than most current tumor markers.

BioCurex is commercializing its technology through licensing arrangements with companies that develop and market diagnostic tests for the large automated clinical laboratory setting, through development and marketing of non-automated clinical laboratory tests, through development of rapid, point-of-care test formats, and through marketing of its OncoPet RECAF test for cancer in companion animals.

BioCurex has signed licensing agreements for its cancer detection blood tests with Abbott Laboratories (NYSE:ABT) and with Alere (NYSE:ALR), formerly Inverness Medical Innovations (NYSE:IMA).

For further information on these agreements visit:

http://sec.gov/Archives/edgar/data/1092562/000100487808000117/sb2amnd4s1april08.txt.

For more information about the Company, please visit www.BioCurex.com.

For more information about OncoPet Diagnostics Inc., please visit: www.OncoPetDiagnostics.com.

Forward-Looking Statements

The Company has not authorized the release of this information in any form that contravenes the Communication Act and will not be responsible for unsolicited massive distribution of this material by e-mail or facsimile by unauthorized parties. Statements in this press release, which are not historical facts, are "forward-looking statements'' within the meaning given to that term in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements, such as forecasts of future sales, involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.

CONTACT: Investor Relations Contact:
DC Consulting
[phone]
[e-mail]




Source: Globe Newswire (November 9, 2011 - 9:52 AM EST)

News by QuoteMedia

[MARKetTIME]

Sugarmade Retains Genesis Select for Investor Relations
SAN JOSE, Calif., Nov. 9, 2011 (GLOBE NEWSWIRE) -- Sugarmade, Inc. (OTCBB:SGMD), a marketer and distributor of sustainable tree free paper products, announced today that it has engaged Genesis Select for investor relations services.

Genesis Select will support Sugarmade's efforts to cultivate long-term relationships with the investment community by helping Wall Street gain a broader understanding of the company's growth and value proposition and its role in fostering sustainability.

"Genesis Select is known for raising awareness of emerging small and micro-cap companies. While we focus our efforts on growing our business and penetrating distribution channels, we look to Genesis to convey our story to the street," said Scott Lantz, chief executive officer of Sugarmade.

"We look forward to working with Scott and his team at Sugarmade," said Budd Zuckerman, president of Genesis Select. "We believe that Sugarmade has a unique story, providing superior paper products that meet the needs of consumers and businesses seeking sustainable products that minimize environmental impact."

About Sugarmade, Inc.

Headquartered in San Jose, CA, Sugarmade, founded in 2009, engages in marketing and distributing non-tree-based paper products, made from sugarcane bagasse, which is the residual of the sugar manufacturing process, and bamboo. Products include printing, writing and copy paper, among other items, which Sugarmade has begun marketing in the United States and intends to market on a global basis. The company ensures superior quality through rigorous testing by nationally recognized testing organizations. For more information, please visit www.sugarmade.com.

CONTACT: Investor Relations Contact:
Matthew Selinger, Partner
Genesis Select
[phone]
[e-mail]

Company Contact:
Sugarmade
[phone]
[e-mail]




Source: Globe Newswire (November 9, 2011 - 10:10 AM EST)

News by QuoteMedia

[MARKetTIME]

Diversified Restaurant Holdings, Inc., a Franchisor and Franchisee for Two Distinct Full-Service Restaurant Concepts, Announces Third Quarter Profitability and Large Increases in Revenue, Cash, Operating Profit, and Total Current Assets
Net income increased to $151k vs. $(1)k
Third quarter revenue increased 27.7% to $14.6m
Cash and cash equivalents increased by 62.0%
Operating profit increased 38.8% to $786k
Total current assets increased by 46.0%
SOUTHFIELD, Mich., Nov. 9, 2011 (GLOBE NEWSWIRE) -- Diversified Restaurant Holdings, Inc. (OTCBB:DFRH) (the "Company," or "DRH"), both a franchisor of Bagger Dave's Legendary Burger Tavern(R) ("Bagger Dave's"), a full-service, ultra-casual restaurant and bar, and a leading franchisee of 22 Buffalo Wild Wings(R) ("BWW") restaurants, reports a third quarter revenue increase of $3.2 million or 27.7% to $14.6 million in 2011 from $11.4 million in 2010. The increase was primarily due to the opening of four new restaurants in 2011 (two Bagger Dave's restaurants and two BWW restaurants) and revenues generated by four restaurants (one Bagger Dave's restaurant and three BWW restaurants) that opened prior to 2011 but did not meet the criteria for same-store-sales criteria used by DRH.

Net income attributable to DRH in the third quarter of 2011 was $151 thousand, or $0.01 per diluted share, compared to an adjusted loss of (0.00) per diluted share in the same period of the prior year.

David G. Burke, CFO of DRH, commented, "Our commitment to our customers and our ability to execute new restaurant openings, continues to pay off. Our growth plans for 2011 are right on schedule and we expect nothing less in 2012."

RESTAURANT OPENINGS

The following table outlines the restaurant unit information for the fiscal years indicated. "Total owned restaurants" reflects the number of restaurants owned and operated by DRH for each year. From the Company's inception to February 1, 2010, it managed nine BWW restaurants that were owned by affiliated parties. On February 1, 2010, these restaurants were acquired by the Company. "Total managed restaurants" reflects the total number of restaurants managed and/or owned by the Company. Our 2009 comparative results are a consolidation of owned and managed restaurants based on the accounting of an acquisition of entities under common control (refer to Note 3 in the notes to consolidated financial statements for further details).

2011 2010 2009 2008 2007
Beginning of year 22 9 8 2 0
Acquisitions 0 9 0 0 0
Openings 5 4 1 6 2
Planned openings 1 N/A N/A N/A N/A
Total owned restaurants 28 22 9 8 2

Affiliate restaurants under common control 0 0 9 9 9
Total managed restaurants 28 22 18 17 11



RESULTS OF OPERATIONS

For the three months ended September 25, 2011 ("Third Quarter 2011") and the nine months ended September 25, 2011 ("Year to Date 2011"), revenue was generated from the operations of 21 BWW restaurants (two of which opened in February 2011) and five Bagger Dave's restaurants (of which one opened in late February 2011 and another opened in mid-September 2011). The Company opened its 22nd BWW restaurant on October 30, 2011. For the three months ended September 26, 2010 ("Third Quarter 2010") and nine months ended September 26, 2010 ("Year to Date 2010"), revenue was generated from the operations of 18 BWW restaurants (of which one opened in June 2010 and another opened in August 2010) and three Bagger Dave's restaurants (one of which opened in February 2010).

Results of Operations for the Three Months Ended September 25, 2011 and September 26, 2010

Our operating results below are expressed as a percentage of total revenue on the basis of comparison to prior periods.



Three Months Ended
September 25 September 26
2011 2010

Total revenue 100.0% 100.0%

Operating expenses
Compensation costs 29.2% 29.3.%
Food and beverage costs 29.0% 29.0%
General and administrative 23.6% 23.0%
Pre-opening 0.9% 0.6%
Occupancy 5.9% 7.1%
Depreciation and amortization 6.0% 6.1%
Total operating expenses 94.6% 95.1%

Operating profit 5.4% 4.9%

Total revenue for Third Quarter 2011 was $14.6 million, an increase of $3.2 million or 27.7% over the $11.4 million of revenue generated during Third Quarter 2010. The increase was primarily attributable to two factors. First, approximately $2.6 million of the increase was attributable to revenues generated from the opening of four new restaurants in 2011 (two Bagger Dave's restaurant and two BWW restaurants) and revenues generated by four restaurants (one Bagger Dave's restaurant and three BWW restaurants) that opened prior to 2011 but did not meet the criteria for same-store-sales for all or part of the three-month period. Second, we believe the remaining $596 thousand increase was related to a 5.7% increase in same-store-sales for 16 BWW restaurants meeting our same-store-sales criteria and a 10.2% increase in same-store-sales for three Bagger Dave's restaurants meeting our same-store-sales criteria.

Compensation cost increased by $908 thousand or 27.1% to $4.3 million in Third Quarter 2011 from $3.3 million in Third Quarter 2010. The increase was primarily due to the addition of six restaurants. Compensation cost as a percentage of sales decreased to 29.2% in Third Quarter 2011 from 29.3% in Third Quarter 2010 primarily due to the fact that the proportional increase in revenue exceeded the increase of management compensation.

Food and beverage cost increased by $926 thousand or 28.0% to $4.2 million in Third Quarter 2011 from $3.3 million in Third Quarter 2010. The increase was primarily due to the addition of six restaurants. Food and beverage cost as a percentage of sales remained consistent at 29.0% in Third Quarter 2011 and Third Quarter 2010.

General and administrative cost increased by $816 thousand or 31.1% to $3.4 million in Third Quarter 2011 from $2.6 million in Third Quarter 2010. This increase was primarily due to the addition of six restaurants. General and administrative cost as a percentage of sales increased to 23.6% in Third Quarter 2011 from 23.0% in Third Quarter 2010 primarily due to a nonrecurring increase in professional fees.

Pre-opening cost increased by $69 thousand or 104.2% to $135 thousand in Third Quarter 2011 from $66 thousand in Third Quarter 2010. The difference in pre-opening cost was due to the timing and overall cost to build and open new stores during the period. The Company had one new store opening in the Third Quarter 2011 and two scheduled openings in early Fourth Quarter 2011, versus one store opening in Third Quarter 2010 and one store opening in Fourth Quarter 2010. Pre-opening cost as a percentage of sales increased to 0.9% in Third Quarter 2011 from 0.6% in Third Quarter 2010.

Occupancy cost increased by $44 thousand or 5.4% to $855 thousand in Third Quarter 2011 from $811 thousand in Third Quarter 2010. This increase was primarily due to the addition of six new stores. Occupancy cost as a percentage of sales decreased to 5.9% in Third Quarter 2011 from 7.1% in Third Quarter 2010, primarily due to the Brandon building acquisition in June 2010 as well as negotiated rate reductions.

Depreciation and amortization cost increased by $183 thousand or 26.1% to $881 thousand in Third Quarter 2011 from $699 thousand in Third Quarter 2010. This increase was primarily due to the addition of six restaurants. Depreciation and amortization cost as a percentage of sales decreased to 6.0% in Third Quarter 2011 from 6.1% in Third Quarter 2010 primarily due to the increase in same-store-sales.

Balance Sheet and Cash Flow

Cash and cash equivalents were $2.2 million at September 25, 2011 compared with $1.4 million at December 26, 2010.

DRH generated $5.5 million in cash from operations in year to date 2011 compared with cash from operations of $2.8 million in the same period in the prior year. The increase in cash flows is attributed to the increase in the number of stores and efficiencies gained at existing stores.

Total capital expenditures for the 2011 year are expected to be approximately $9.1 million, of which approximately $7.2 million is for new restaurant construction, $1.3 million is for existing store renovations, and $0.6 million is for real estate.

Outlook for fourth quarter in 2011 and for 2012

During the final quarter 2011, on November 13, 2011, DRH will open its sixth Bagger Dave's restaurant in Cascade Township, Michigan.

On June 7, 2011, the Company, together with its wholly-owned subsidiaries, entered into a First Amended and Restated Development Line of Credit Agreement (the "DLOC Agreement") with RBS, N.A. ("RBS"). The DLOC Agreement provides for an $8 million credit facility with RBS (the "Credit Facility"). The Credit Facility consists of a $7 million development line of credit ("DLOC") and a $1 million revolving line of credit ("Revolving Line of Credit"). The Credit Facility will fund the development of Buffalo Wild Wings in the states of Florida and Michigan and Bagger Dave's restaurants in up to six states in the Midwest. The remaining capital needs will be funded via operational cash flows.

Michael Ansley, President and CEO of DRH, stated, "We are pleased with our performance and very excited about the opportunities that lie ahead. We continue to not only grow Buffalo Wild Wings but also fulfill our commitment to expand Bagger Dave's throughout the Midwest with a combination of Company-owned stores and new franchisees. 2012 will be the strongest year yet for Diversified Restaurant Holdings."

About Diversified Restaurant Holdings, Inc.

DRH owns and operates its own unique, full-service, ultra-casual restaurant and bar concept, Bagger Dave's Legendary Burger Tavern(R), which was launched in January 2008. The concept focuses on local flair with the interior showcasing historic photos of the city in which it resides. It also features an electric train that runs above the dining room and bar areas. Bagger Dave's offers a full-service, family-friendly restaurant and bar with a casual, comfortable atmosphere. The menu features freshly-made burgers (never frozen), accompanied by more than 30 toppings from which to choose, fresh-cut fries, hand-dipped milkshakes, and a selection of craft beer and wine. Signature items include Sloppy Dave's BBQ(R), Train Wreck Burger(R), and Bagger Dave's Amazingly Delicious Turkey Black Bean Chili(R). Currently, there are five locations in the state of Michigan (with the sixth restaurant scheduled to open on November 13, 2011). DRH is approved to franchise Bagger Dave's in the states of Michigan, Indiana, Ohio, Illinois, Kentucky, Wisconsin, and Missouri. For more information, please visit www.baggerdaves.com.

The Company is also a leading BWW franchisee and currently operates 22 BWW restaurants (eight in Florida and 14 in Michigan). The 22nd BWW restaurant opened in University Park, Florida on October 30, 2011. The recipient of many franchise awards, including an award for the Highest Annual Restaurant Sales, DRH remains on track to fulfill its Area Development Agreement with Buffalo Wild Wings, Inc., which requires a total of 32 BWW restaurants in Michigan and Florida by 2017. Combined with the six restaurants DRH has outside of this Area Development Agreement, the total restaurant count for the Company will be 38 by 2017.

Safe Harbor Regarding Forward-Looking Statements

This press release 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.

Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," and other similar words. Forward-looking statements are based upon the current beliefs and expectations of management. All statements addressing operating performance, events, or developments that DRH expects or anticipates will occur in the future, including but not limited to franchise sales, restaurant openings, financial performance, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units, or the market price of its common stock are forward-looking statements. Because they are forward looking, they should be evaluated in light of important risk factors and uncertainties. Actual results may vary materially from those contained in forward-looking statements based on a number of risk factors and uncertainties including, without limitation, our ability to operate in new markets, the cost of commodities, the success of our marketing and other initiatives to attract customers, customer preferences, operating costs, economic conditions, competition, the availability of financing for franchisees and the Company, and the impact of applicable regulations. These and other risk factors and uncertainties are more fully described in the Company's most recent annual and quarterly reports filed with the Securities and Exchange Commission. Undue reliance should not be placed on the Company's forward-looking statements. Except as required by law, DRH disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

DIVERSIFIED RESTAURANT HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)

September 25 December 26
ASSETS 2011 2010

Current assets
Cash and cash equivalents $2,199,922 $1,358,381
Accounts receivable 14,348 --
Inventory 479,604 339,059
Prepaid assets 153,268 209,708
Other current assets -- 43,348
Total current assets 2,847,142 1,950,496

Property and equipment, net - restricted assets of VIE 1,465,326 1,487,993
Property and equipment, net 20,772,884 17,252,599
Intangible assets, net 1,080,154 975,461
Other long-term assets 84,674 80,099
Deferred income taxes -- 607,744
Total assets $26,250,180 $22,354,392

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities
Current portion of long-term debt (including VIE debt of $89,414) $2,884,518 $1,947,676
Accounts payable 1,465,577 1,388,397
Accrued liabilities 1,541,967 1,089,112
Deferred rent 168,205 127,075
Total current liabilities 6,060,267 4,552,260

Deferred rent 1,734,870 1,622,943
Deferred income taxes 410 --
Other liabilities - interest rate swap 712,430 367,181
Long-term debt, less current portion (including VIE debt of $1,162,377 and $1,229,437) 16,478,319 15,936,193
Total liabilities 24,986,296 22,478,577

Commitments and contingencies (Notes 6, 10, and 11)

Stockholders' equity (deficit)
Common stock - $0.0001 par value; 100,000,000 shares authorized, 18,876,000 shares issued and outstanding 1,888 1,888
Additional paid-in capital 2,697,248 2,631,304
Retained earnings (accumulated deficit) (1,782,124) (3,096,017)
Total DRH stockholders' equity (deficit) 917,012 (462,825)

Noncontrolling interest in VIE 346,872 338,640

Total stockholders' equity (deficit) 1,263,884 (124,185)

Total liabilities and stockholders' equity $26,250,180 $22,354,392

The accompanying notes are an integral part of these interim consolidated financial statements.

DIVERSIFIED RESTAURANT HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended Nine Months Ended
September 25 September 26 September 25 September 26
2011 2010 2011 2010
Revenue
Food and beverage sales $14,588,078 $11,423,726 $44,617,381 $32,823,425
Total revenue 14,588,078 11,423,726 44,617,381 32,823,425

Operating expenses
Compensation costs 4,254,003 3,346,237 12,757,321 9,780,263
Food and beverage costs 4,236,077 3,310,374 12,683,404 9,785,584
General and administrative 3,440,926 2,624,892 10,310,680 7,708,569
Pre-opening 135,009 66,129 403,714 283,308
Occupancy 854,624 810,969 2,444,948 2,144,808
Depreciation and amortization 881,432 698,770 2,491,649 1,944,374
Total operating expenses 13,802,071 10,857,371 41,091,716 31,646,906

Operating profit 786,007 566,355 3,525,665 1,176,519

Change in fair value of derivative instruments (140,629) (177,707) (345,249) (582,628)
Interest expense (282,934) (349,548) (876,368) (1,037,424)
Other income (expense), net (17,749) 3,508 (58,262) 5,071

Income (loss) before income taxes 344,695 42,608 2,245,786 (438,462)

Income tax provision (155,176) (131,119) (816,661) (9,232)

Net income (loss) $189,519 $ (88,511) $1,429,125 $(447,694)

Net (income) loss attributable to noncontrolling interest (38,747) 88,446 (115,232) 88,446

Net income (loss) attributable to DRH $150,772 $ (65) $1,313,893 $(359,248)

Basic earnings (loss) per share - as reported $0.01 $(0.00) $ 0.07 $ (0.02)
Fully diluted earnings (loss) per share - as reported $0.01 $(0.00) $ 0.07 $ (0.02)

Weighted average number of common shares outstanding
Basic 18,876,000 18,870,505 18,876,000 18,870,505
Diluted 19,039,692 18,870,505 19,048,836 18,870,505

The accompanying notes are an integral part of these interim consolidated financial statements.

DIVERSIFIED RESTAURANT HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (UNAUDITED)

Retained Accumulated
Additional Earnings Other Total
Common Stock Paid-in (Accumulated Comprehensive Noncontrolling Stockholders'
Shares Amount Capital Deficit) Income (Loss) Interest Equity (Deficit)

Balances - December 26, 2010, as previously reported 18,876,000 $1,888 $2,631,304 $ (2,728,836) $ (367,181) $-- $ (462,825)

Reclassification of fair value of interest rate swap -- -- -- (367,181) 367,181 -- --

Initial consolidation of VIE -- -- -- -- -- 338,640 338,640

Balances - December 26, 2010, as adjusted 18,876,000 1,888 2,631,304 (3,096,017) -- 338,640 (124,185)

Share-based compensation -- -- 65,944 -- -- -- 65,944

Net income -- -- -- 1,313,893 -- 115,232 1,429,125

Dividends -- -- -- -- -- (107,000) (107,000)

Balances - September 25, 2011 18,876,000 $1,888 $2,697,248 $ (1,782,124) $-- $346,872 $1,263,884

The accompanying notes are an integral part of these interim consolidated financial statements.

DIVERSIFIED RESTAURANT HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Nine Months Ended
September 25 September 26
2011 2010
Cash flows from operating activities
Net income (loss) $1,429,125 $ (447,694)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization 2,491,649 1,944,375
Loss on disposal of property and equipment 30,157 217,868
Share-based compensation 65,944 21,409
Change in fair value of derivative instruments 345,249 582,628
Deferred income tax benefit (provision) 608,154 (203,780)
Changes in operating assets and liabilities that provided (used) cash
Accounts receivable (14,348) 376,675
Inventory (140,545) (1,196)
Prepaid assets 56,440 (87,328)
Other current assets 43,348 (69,025)
Intangible assets (72,822) (111,198)
Other long-term assets (4,575) (6,864)
Accounts payable 77,180 (68,884)
Accrued liabilities 452,855 462,929
Deferred rent 153,057 209,990
Net cash provided by operating activities 5,520,868 2,819,905

Cash flows from investing activities
Purchases of property and equipment (6,051,295) (4,176,237)
Net cash used in investing activities (6,051,295) (4,176,237)

Cash flows from financing activities
Proceeds from issuance of long-term debt 3,138,321 3,086,496
Repayments of long-term debt (1,659,353) (2,059,215)
Proceeds from issuance of common stock -- 250,000
Dividends (107,000) (552,861)
Net cash provided by financing activities 1,371,968 724,420

Net increase (decrease) in cash and cash equivalents 841,541 (631,912)

Cash and cash equivalents, beginning of period 1,358,381 1,660,099

Cash and cash equivalents, end of period $2,199,922 $ 1,028,187

The accompanying notes are an integral part of these interim consolidated financial statements.

CONTACT: David G. Burke
Chief Financial Officer
Phone: [phone]
Email: [e-mail]
or
Mark Gilbert Magellan FIN, LLC
Institutional Investor Relations
Phone: [phone]
Email: [e-mail]




Source: Globe Newswire (November 9, 2011 - 10:23 AM EST)

News by QuoteMedia

[MARKetTIME]

ShareitUp.com Launches Social Coupon & Deals platform for Facebook Business Pages at ad:tech NY
ShareItUp a Division of PeopleString Corporation (OTCBB: PLPE) today announced that it has launched ShareitUp.com, a new social coupon and deal platform that allows national brands, advertising agencies, e-commerce sites, email marketers and small businesses to create and launch social coupons and deals on their facebook business page. “Share it Up” social coupons go up in value the more they are shared, rewarding facebook fans, twitter followers and email subscribers for sharing their offers. Additionally, it introduced Cost-per-Share (CPS), a success based, social media business model where advertisers are only charged when their offers are social engaged either by a fan or their viral reach. Share it Up social coupons & deals create an incentive for an advertisers fan base and earned media to share with their social graph by rewarding everyone that helped “Share it Up” to obtain the best deal. Share it Up was one of ten companies selected to present at the ad:tech New York press conference. A free beta account for “Share it Up” is available at shareitup.com

Share it Up offers are completely controlled by the advertiser in terms of the reward for sharing, number of tiers, value of tiers, quantity of shares required to unlock them and geo-targeting. Share it Up deals can be created and launched in just moments. Consumers can redeem an offer at current face value or share it up for greater savings. Share it Up offers are social coupons that do not require consumers to pre-buy them and everyone gets the benefit of the new higher deal as it goes up in value. They can be redeemed by printing, displaying on mobile devices or clicking an unlocked link to the advertiser’s website. Advertisers can offer a variety of deals including percentage off, dollar off, free item or set their own custom value such as points or currency.

The Share it Up agency and brand platform allows for the management of multiple campaigns, brands and accounts from a single interface. Additionally, Share it Up social coupons include GS1 codes and a host of security features to prevent online coupon fraud including the users name, watermarks and unique identification codes. Free Beta trials for agencies and brands are available at ShareitUp.com

“I think it is important to remember that revenue is not measured in likes, it is measured in dollars. Share it Up provides the necessary tools you need to reward your fans for sharing”, stated Darin Myman CEO of ShareitUp Corp. Share it Up provides the tools to reward your fan base for sharing and recommending your deal. It turns regular fans that you hope will engage your offer, into raving fans that will happily spread your message if you offer them the right incentive”

About PeopleString

PeopleString Corporation (OTCBB: PLPE) creates technologies that empower consumers to leverage their social networks to capitalize on the best national and local deals. PeopleString's patent pending "Share It Up" technology harnesses the power of social media to create coupons that go up in value when shared and rewards loyal customers who share their favorite merchants with others. PeopleString also offers patent pending "Insta Portal" technology which allows users to import pieces of their favorite websites into their own PeopleString homepage. For more information, visit www.peoplestring.com and www.peopledeals.com.

Forward-Looking Statements

Statements about the future expectations of PeopleString Corporation, and all other statements in this press release other than historical facts, 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, and as that term is defined in the Private Securities Litigation Reform Act of 1995. PeopleString Corporation intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, PeopleString Corporation's actual results could differ materially from expected results.







Source: Business Wire (November 9, 2011 - 11:00 AM EST)

News by QuoteMedia

[MARKetTIME]

Adino Announces 300 Acre Lease Acquisition
http://media.marketwire.com/attachments/201102/30106_adino_logo_linking.gifhttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=819784&ProfileId=051205&sourceType=1
HOUSTON, TX -- (Marketwire) -- 11/09/11 -- Adino Energy Corporation (OTCQB: ADNY) (OTCBB: ADNY) today announced the acquisition of 300 mineral acres in Coleman County, TX. The acreage includes over 130 potential drilling locations, many of which management believes are highly prospective. 100% of the new acreage is contiguous to the Company's Felix Brandt and James Leonard leases. Management believes that the geographic proximity of the new acreage to Adino's existing leases will improve operating efficiency of the Company's Coleman County Project.

Through this new acquisition, management continues its strategy of pursuing relatively low-risk, low-cost drilling prospects. Development has already begun including a full geologic evaluation, infrastructure modifications, and initial drilling. One well in the Company's previously announced drilling program is dedicated to the new acreage with continued development expected over the next several months.

"This acquisition gives us a much larger portfolio of prospects for our Coleman County project," commented Shannon McAdams, CFO of Adino Energy Corporation and President of Adino Exploration, LLC. "Along with relatively low-risk, low-cost drilling opportunities, we expect to realize significant efficiency gains by operating a much larger contiguous lease position. This represents yet another step toward building Adino into a great independent oil and gas E&P company," McAdams concluded.

About Adino Energy Corporation, Inc.

Adino Energy Corporation (OTCQB: ADNY) (OTCBB: ADNY) is an emerging oil & gas exploration and production company focused on mature oilfield assets with significant redevelopment, workover and enhanced oil recovery (EOR) potential. The Company also owns a fuel terminal operation in the Houston, TX area.

Forward-looking Statements

Statements made in this news release relating to Adino's future production, expenses and future capital projects and expenditures, and all other statements except statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the Company's future performance are both subject to a wide range of business risks and uncertainties and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements. Further information on risks and uncertainties that may affect the Company's operations and financial performance, and the forward-looking statements made herein, is available in the Company's filings with the Securities and Exchange Commission, which are incorporated by reference as though fully set forth herein.

Investor Relations
Adino Energy Corporation
Shannon W. McAdams, CFA
Chief Financial Officer
Houston, Texas
[phone]
Email Contact






Source: Marketwire (November 9, 2011 - 11:31 AM EST)

News by QuoteMedia

[MARKetTIME]

GreenLight Completes 43-101 on Heavy REE, Base Metal Property New Brunswick Canada
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0743554001&sourceType=1http://www.ccnmatthews.com/logos/20110927-gr.JPG
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/09/11 -- GREENLIGHT RESOURCES INC. (TSX VENTURE:GR)(OTCBB:PRZCF)(FRANKFURT:PH0) is pleased to announce that it has completed a National Instrument 43-101 compliant technical report on its 100% owned Porcupine property which is available on the Company's website at www.greenlightresources.com.

The Report, prepared for the Company by Ralph Stea, Ph.D., P.Geo. of Halifax, NS provides the first comprehensive description of the geology and compilation of available information pertaining to the economic potential on the 3,440 acre property located in Northumberland County, New Brunswick.

Chris Anderson, President, states, "After expending approximately $140,000 in initial exploration, this comprehensive report confirms the project's merits. With detailed recommendations to expend a additional $230,000 in phase one for further exploration on this project we are optimistic that GreenLight will attract its first joint venture partner. This is our initial step in leveraging GreenLight's ability to find and advance properties of merit in Atlantic Canada. GreenLight is taking this approach in order to enhance shareholder value and assist in offsetting the expense of building and expanding an early stage exploration team to continue exploring Atlantic Canada. Challenging times require creative solutions and this is one approach we are taking, while advancing our main assets through the drilling stage in attempts to building a resource.

GreenLight commissioned the 43-101 report to assess the significance of Heavy REE (rare earth element) soil anomalies and the potential for Heavy REE mineralization in the area based on these soil anomalies. The report also addresses previous geochemical surveys and prospecting to help define potential sources of base metal mineralization using historical data and an understanding of the glacial history and surface processes of the area.

Highlights of the NI 43-101 compliant report are;


-- The Porcupine Property includes the Tozer float occurrence found in
1961which produced assays of 0.24% Cu, 10.15% Pb, 7.6% Zn and 1.9 oz/t
Ag. Strong Cu-Pb-Zn soil geochemical anomalies and coincident
geophysical anomalies have been reported in ensuing exploration in the
vicinity of the sulfide float. However, up to this point in the
exploration history of this property no definitive bedrock source has
been discovered to account for ore-grade mineralized boulders.

-- GreenLight's interest in the property was triggered by significant rare
earth element anomalies in soils (greater than 1000 ppm total rare earth
elements -TREE) that were collected on the property. The company
conducted extensive exploration in 2011 including prospecting, IP
surveys and a 971 sample soil geochemical survey. The main feature to
emerge from the soil sampling survey near the Tozer occurrence are
strong, coincident east-west trending Cu, Pb, Zn anomalies (greater than
300ppm Pb, greater than 700ppm Zn) and spatially distinct, REE anomalies
(greater than 1300 TREE). The REE anomalies are not directly associated
with nearby foliated granite, but are found in a north-trending zone,
open to the south, between two resistivity highs that could represent a
fault.

-- Prospecting in 2011 uncovered many base metal enriched mineralized
boulders in the vicinity of the Tozer occurrence but not in adjacent
areas.

-- On the southern part of the property REE values form an east-west
trending coherent anomalous area on the till-covered slopes of the
southern part of the gird with TREE values up to greater than 800 ppm.
This westward trending attenuated anomaly appears to have an aspect of
glacial dispersal, parallel to eastward ice flow trends. Two other
anomalous areas are found in low ground coincident with historical
finds. Several significant element groupings in the soil geochemical
data set are apparent. REE are grouped with granophile elements U, Ti,
Be, and Mg and base metals form another group with Fe and Cr. These
groupings suggest primary bedrock control of element associations and
mechanical dispersion rather than chemical redistribution processes in
the secondary environment.

-- It is clear from the voluminous exploration data collected, the rock
types and the style of mineralization that a Bathurst-type massive
volcanic hosted sulphide model is a possible scenario. REE soil
anomalies appear to have a different genesis and host rock association.
Finding REE bedrock sources or mineralogical evidence for REE anomalies
in till/soil is essential to move this property forward. The author
proposes a two phase exploration program with an initial phase of
bedrock mapping, reconnaissance till sampling and prospecting, soil and
IP surveys, and trenching followed by diamond drilling.


Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.

On Behalf of the board of directors

Christopher R. Anderson, CEO - President

Read about GreenLight Resources Inc.: http://greenlightresources.com/corporate-overview/

Read Disclaimer: http://greenlightresources.com/legal-disclaimer/

Facebook: http://facebook.com/GreenLightResources

Twitter: @GreenLightRes

Myspace: http://myspace.com/518719311

Contacts:
GreenLight Resources Inc.
John Curle
Investor Relations
[e-mail]
http://greenlightresources.com/

[MARKetTIME]

Sunovia's Award Winning LED Fixtures Light Sarasota's Ringling Bridge
City unveils energy-efficient, cost-saving LED Lights
SARASOTA, Fla., Nov. 9, 2011 /PRNewswire/ -- The City of Sarasota is among a growing number of cities and municipalities that are upgrading traditional outdoor lighting to innovative light-emitting diode (LED) fixtures, which save energy, increase illumination and protect the environment. The new Ringling Bridge Project, unveiled this month, reflects the growing national trend to utilize this emerging green and economically responsible technology.

(Photo: http://photos.prnewswire.com/prnh/20111109/CL03752 )

Sunovia Energy Technologies (OTC Bulletin Board: SUNV) partnered with Siemens under a performance contract with the City of Sarasota and has converted all cobra head roadway fixtures over the Ringling Bridge to Sunovia's EvoLucia high-efficiency LED lights. Each conventional high pressure sodium 185-watt fixture has been replaced with a Sunovia 55 watt LED fixture. The new Sunovia LED fixtures reduce energy consumption by 70 percent and increase visibility on the target roadway with Sunovia's proprietary Aimed Optics™ technology.

"Innovative endeavors such as the Ringling Bridge Project and the forward-thinking approaches of our citizens have helped Sarasota to continue to be seen as one of the most progressive and environmentally friendly cities in the country," said Mayor Suzanne Atwell. "In addition, these lights have been designed and manufactured by a local company, Sunovia Energy, whose employees live and work right here in our community. We are proud to be helping to create and retain sustainable, high tech jobs in our community."

The LED lights are extremely durable and last for about 12 years thus virtually eliminating maintenance costs for the life of the new LED fixture. In addition, increased illumination on the Ringling Bridge roadway will heighten safety and security for both pedestrian and vehicle traffic. The Sunovia LED cobra head fixture is fully recyclable and contains no mercury, which adversely affects the environment.

According to the U.S. Department of Energy (DOE), the increased adoption of LED lights over the next several years will reduce electricity demands by more than 60 percent, eliminate over 250 million metric tons of carbon emissions, avoid building 133 new power plants and generate about $280 billion in financial savings nationally.

In addition to environmental and cost benefits, LED lights offer a new option for street, walkway and parking lot enhancements to achieve whiter light. EvoLucia products employ a proprietary Aimed Optics™ technology, which efficiently converts energy to light and aims virtually all of the generated light directly onto the target area in an even and uniform light pattern. EvoLucia describes it as "painting the road with energy-efficient LED lighting."

"Many military installations, state and local municipalities and private businesses are now switching to our LED lighting products because they save money and help the environment," said Sunovia co-founder Craig Hall. "The LED lights also increase safety and security by improving light uniformity on the road, which enhances visibility. We are proud that our home city is taking an active leadership role in the adoption of this practical and environmentally sound technology."

Sunovia Energy Technologies, Inc. is a Sarasota, Florida-based company that recently won the lighting industry's coveted Best LED Street Light award, in its category, which was presented by the US Department of Energy. The company manufactures and distributes LED lighting products that save money, reduce carbon emissions, promote security and preserve the environment. Its fixtures have been used for a variety of purposes throughout the United States, including several military facilities such as the U.S. Marine base at Camp Lejeune in Jacksonville, North Carolina.

About Sunovia Energy Technologies, Inc.

About EvoLucia and Aimed LED Lighting™

Sunovia's LED lighting division, EvoLucia, Inc. (www.evolucialighting.com), offers highly efficient, durable, commercial-grade LED lighting for outdoor applications, including parking garages, streets and highways, parking lots, landscaping and more. The Aimed LED lights employ EvoLucia's proprietary, patent-pending Aimed Optics™ technology, which strategically directs light to the target area and provides better illumination for less electricity.

More information about Sunovia Energy and its EvoLucia LED lighting subsidiary is available in the company's Securities and Exchange filings, which can be found at www.sec.gov or at www.sunoviaenergy.com.

Forward-Looking Statements

Some of the statements made by Sunovia in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Sunovia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Sunovia's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.

SOURCE Sunovia Energy Technologies, Inc.





Source: PR Newswire (November 9, 2011 - 2:21 PM EST)

News by QuoteMedia

[MARKetTIME]

TapImmune Inc. Announces Issuance of US Patent
Date : 10/27/2011 @ 9:35AM

TapImmune Inc. (OTCBB:TPIV) announced that the US Patent Office has issued Patent 7,994,146 entitled "Method of Enhancing an Immune Response".
The invention relates to a method of enhancing an immune response to an antigen by augmenting the level of TAP (Transporters Associated with Antigen Processing) molecule in a target cell bearing the antigen. This patent details application to treating vaccinia, herpes simplex and influenza virus infections and small cell lung cancer. Levels of TAP in humans correlate with susceptibility to certain diseases and the ability to respond to a vaccine.

"The issuance of this patent reflects our strategy to continually expand and strengthen our IP portfolio and demonstrates the broad applicability of our TAP platform in multiple therapeutic areas," said Glynn Wilson Chairman and CEO of TapImmune.

TapImmune's unique approach is designed to increase the efficacy of vaccines by enhancing antigen presentation through the use of TAP. Replacement of this transporter provides a significant immune response with the potential to treat a variety of cancers and infectious diseases.

TapImmune's lead product candidate, AdhTAP, is designed to restore and augment antigen presentation and subsequent recognition and killing of cancer cells by the immune system. As a stand-alone cancer therapy or in combination with other drugs, AdhTAP could prove to be a key component of a more successful assault on cancer. TapImmune is entering clinical co-development of a multi-component vaccine for the treatment of HER-2/neu positive breast cancer.

The Company is also developing a TAP-based prophylactic vaccine which initial tests indicate may increase the efficacy of targeted prophylactic vaccines by up to 1000 times. TapImmune's TAP technology could significantly improve the efficacy of many current prophylactic vaccines and enhance the creation of new ones in the fight against many pandemic infectious diseases.

Next generation smallpox and tuberculosis vaccines containing TAP genes are currently in preclinical development.

[Stock Trainer]

North Bay Resources Inc. (NBRI) Begins Phase II Pre-Production Operations at Ruby Gold Project









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North Bay Resources (OTCBB:NBRI)
Historical Stock Chart

1 Month : October 2011 to November 2011

North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that Phase I of the pre-production plan at the Ruby Gold Project in Sierra County, California has been completed, and Phase II operations have now begun.

The Phase I program, which began in July 2011, was conceived as a program of comprehensive inspection and refurbishing to prepare the Ruby Mine for the start-up of mining operations. This involved work to recondition the surface infrastructure for the resumption of mining operations, including work to clear and reinforce the settling ponds, shore up the retaining walls around the mill, stabilize and regulate the water discharge system, survey and expand the tailings area, and test the mine ventilation system. PG&E has also completed their inspections and has certified the electrical installations. All power lines and poles leading up to the property and extending 1,200 feet through the property to the Lawry Shaft have been inspected and repaired or restrung as-needed, and full power is scheduled to be restored imminently.

The Phase II work entails restoring underground ventilation throughout the entire length of the Ruby tunnel system. This is the first stage in reopening the Ruby tunnel entirely, from the Ruby Portal to the secondary exit at the Lawry Shaft, by clearing the underground workings of extraneous debris and re-timbering as-needed. Materials and equipment are being prepositioned, and the work has now begun. The work is being performed by CME Services, a fully-qualified and licensed mining contractor, and is expected to take a minimum of four to six weeks.

As always, the Company will keep shareholders informed of our progress as operations continue.

About The Ruby Gold Project

The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 250,000 ounces of gold since the 1850's, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 1,755 acres, consisting of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information about the Ruby Mine, please visit the Ruby page on the North Bay website at http://www.northbayresources.com/ruby/.

About North Bay Resources Inc.

North Bay Resources Inc. (OTCBB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.

In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently looking to acquire additional operating mines in the western US.

The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form S-1 and subsequent Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml

Contact:

Perry Leopold

CEO

North Bay Resources Inc.

215-661-1100

http://www.northbayresources.com

[Stock Trainer]

North Bay Resources Inc. (NBRI) Agrees to Terms on Taber Gold Project









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North Bay Resources (OTCBB:NBRI)
Historical Stock Chart

1 Month : October 2011 to November 2011

North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that it has agreed to terms on an exclusive option to lease or acquire the Taber Mine in Sierra County, California.

The Taber Mine is an underground placer mine located near La Porte, CA, and covers approximately 650 acres of unpatented mining claims situated on the western slope of the Sierra Nevada mountain range. The mine is on a northern extension of the historic Mother Lode/Melones fault zone, in the Gibsonville mining district. The property is accessed by a paved county road from La Porte and is 27 miles from Quincy, CA, approximately 100 miles north of Sacramento and 90 miles west of Reno, Nevada.

The property is crossed by two channels of the ancestral Tertiary North Fork of the Yuba River. The Front Channel was exposed at the surface and mined in giant hydraulic open cuts in the late 1800's. The buried Back Channel was discovered around the turn of the century and mined in the adjacent Union and Bellevue underground mines. The Front and Back Channels converge into a single channel west of the Taber tunnel. A third channel comes in from the north. The Back Channel was only partially mined and over 4,000 feet of unmined channel is known to exist on the Taber property. The channels run parallel from east to west and downstream from the Melones Fault, the main structure along which many of the rich gold deposits of the Mother Lode are found. This proximity to the Melones Fault created very rich placer deposits that produced large gold nuggets and heavy pay zones

In the 1990's, Sunshine Mining Company undertook a large exploration program on the channel system, drilling dozens of reverse circulation holes on the northern channel and reopening the Bellevue Mine property to the west of the Taber, including sinking a raise from the surface near the channel workings. Sunshine reportedly encountered quartz gravels and gold in most of their drill holes. The program was eventually terminated when metal prices fell and Sunshine encountered financial difficulties.

A 100 ton per day mill is in place on the Taber property, which at an average historical grade of 0.45 ounces per ton can accommodate production of more than 1,000 ounces of gold per month. The property is fully-permitted, and can be placed into production once the Taber tunnel has been rehabilitated and the permits have been renewed.

The current estimate shows the Taber Mine contains a mineable resource of 86,667 ounces of gold. The Company believes this resource estimate can be significantly expanded by the development of adjacent channels.

A site visit and inspection by North Bay CEO Perry Leopold and consulting geologist C. Gary Clifton, P.Geo, was conducted on September 23, 2011. Subsequently, the Taber owner has agreed to convey to the Company an exclusive option on the Taber for a period of up to nine months, during which time the Company will continue to conduct further due diligence. The consideration to be paid during the term of the option will be $2,000 per month. Should the Company elect to exercise the option, the parties will then enter into a definitive lease agreement, with an optional buyout provision.

Mr. C. Gary Clifton, P. Geo. is the Qualified Person as defined by National Instrument 43-101 who has reviewed this news release for technical accuracy.

About North Bay Resources Inc.

North Bay Resources Inc. (OTCBB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.

In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently planning to acquire additional operating mines in the western US.

The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.

SAFE HARBOR FOR FORWARD LOOKING STATEMENTS

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.

Cautionary Note to U.S. Investors -The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form S-1 and subsequent Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml

Contact:

Perry Leopold

CEO

North Bay Resources Inc.

215-661-1100

http://www.northbayresources.com

[MARKetTIME]

Healthient Announces Zing! Sugar-Free Energy Drink
http://media.marketwire.com/attachments/201111/35458_healthientlogo.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=818441&ProfileId=051205&sourceType=1
JUPITER, FL -- (Marketwire) -- 11/07/11 -- Today, Healthient, Inc. (OTCBB: SNAX) announced the debut of Zing! Healthy Energy Drink Mix, its newest beverage mix sold under the SnackHealthy brand. The healthy energy drink Zing! is an all-natural, sugar-free energy drink formulated for health-conscious consumers. Orange flavored Zing! Healthy Energy Drink Mix is a powdered beverage mix available in 20 serving stick-pack cartons, contains less than 5 calories per serving, is sweetened naturally with Stevia, and contains no sugar.

"SnackHealthy is a source for nourishing, great tasting products and we are thrilled to announce the launch of Zing!" said Katherine West, CEO of Healthient. "We specifically formulated Zing! to meet the lifestyle and nutritional needs of active men and women who strive to achieve a happy balance between work, family, and self. Our goal is to provide a delicious alternative to the average caffeinated drink, while offering essential ingredients that energize, refresh, and allow you to feel good about what you are drinking."

"The launch of Zing Energy Drink demonstrates Healthient's ongoing commitment to innovation and excellence as we take our brands into relevant segments that are on-trend with consumer demands," said William Alverson, Chairman of Healthient. "This is an exciting time for Healthient and our SnackHealthy brand as we introduce new products that will strengthen and grow our business."

SnackHealthy hopes to capitalize on the consumer shift in demand away from sugary sodas and energy drinks that may be harmful to your health. Zing! delivers an energy boost without the high calories, sugar and artificial flavors that many popular energy drinks contain. Traditional energy drinks have been known to cause "jitters" and increase heart rates in some individuals, whereas Zing! delivers a gentle boost in energy with 85 mg of Caffeine extracted from Green Tea and Guarana, about the same amount of Caffeine in a cup of coffee.

Zing! and SnackHealthy's entire line of food and beverage products is sold exclusively through SnackHealthy distributors. Media members seeking additional information on SnackHealthy's complete line of better for you products should visit www.snackhealthy.com. To schedule an interview with a company spokesperson, please call 561.935.6449 or send an email to [e-mail].

About SnackHealthy, Inc.
SnackHealthy is the direct sales business unit of Healthient, Inc. (SNAX), headquartered in Jupiter, FL. SnackHealthy offers a personally and financially rewarding home-based business opportunity to people interested in marketing SnackHealthy's "better for you" snacks and drinks. The "Get 4, Pay No More" marketing program at SnackHealthy allows customers and distributors to earn a monthly home delivery of snacks for free. Learn more about SnackHealthy at the corporate web sites www.snackhealthy.com and www.getpaidtosnack.com.

About Healthient, Inc.
Healthient (SNAX) offers a portfolio of healthy food and beverage snacks that satisfy several eating occasions daily. We are united with our brand partners by our commitment to helping people achieve and maintain their healthy weight without gimmicky diets and to preventing childhood obesity. By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, Healthient pledges to balance strong financial returns with giving back to our communities through the Healthient Foundation. For more information, please visit www.healthient.com.

Investor Contact:
William Alverson
[e-mail]
561.935.6449 ext. 101






Source: Marketwire (November 7, 2011 - 11:53 AM EST)

News by QuoteMedia

[MARKetTIME]

82 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in Third Quarter
Real Cash-Out Volume at 16-Year Low
MCLEAN, Va., Nov. 7, 2011 /PRNewswire/ -- Freddie Mac (OTC: FMCC) released the results of its third quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house by maintaining or reducing their mortgage debt.

News Facts

In the third quarter of 2011, 82 percent of homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or lowered their principal balance by paying-in additional money at the closing table. Of these borrowers, 44 percent maintained about the same loan amount, and 37 percent of refinancing homeowners reduced their principal balance.
"Cash-out" borrowers, those that increased their loan balance by at least five percent, represented 18 percent of all refinance loans; the average cash-out share during the 1985 to 2010 period was 46 percent.
The median interest rate reduction for a 30-year fixed-rate mortgage was about 1.2 percentage points, or a decline of about 22 percent in interest rate. Over the first year of the refinance loan life, these borrowers will save about $2,500 in interest payments on a $200,000 loan.
The net dollars of home equity converted to cash as part of a refinance, adjusted for inflation, was at the lowest level in 16 years (third quarter of 1995). In the third quarter, an estimated $5.3 billion in net home equity was cashed out during the refinance of conventional prime-credit home mortgages, down from $6.3 billion in the second quarter and substantially less than during the peak cash-out refinance volume of $83.7 billion during the second quarter of 2006.
Among the refinanced loans in Freddie Mac's analysis, the median value change of the collateral property was a negative 7 percent over the median prior loan life of almost five years. In comparison, the Freddie Mac House Price Index shows about a 25 percent decline in its U.S. series between September 2006 and September 2011. Thus, borrowers who refinanced in the third quarter owned homes that had held their value better than the average home, or may reflect value-enhancing improvements that owners had made to their homes during the intervening years.


Quotes

Attributed to Frank Nothaft, Freddie Mac vice president and chief economist:

"The typical borrower who refinanced reduced their interest rate by about 1.2 percentage points. On a $200,000 loan, that translates into saving $2,500 in interest during the next 12 months.


"Savvy homeowners are taking advantage of some of the lowest fixed-rates in more than 60 years to lock in interest savings. Fixed-rate mortgage rates hit new lows during September, with 30-year product averaging 4.11 percent and 15-year averaging 3.32 percent that month, according to our Primary Mortgage Market Survey."


Get the latest information from Freddie Mac's Office of the Chief Economist on Twitter: @FreddieMac

Cash-out Refinance Analyses Information

These estimates come from a sample of properties on which Freddie Mac has funded two successive conventional, first-mortgage loans, and the latest loan is for refinance rather than for purchase. The analysis does not track the use of funds made available from these refinances. The analysis also does not track loans paid off in entirety, with no new loan placed.

Quarterly Cash-Out Statistics [XLS]
Quarterly Cash-Out Volume [XLS]


Related Links

Current and Previous Cash-Out Refinance information

Freddie Mac House Price Index (FMHPI (SM))

Primary Mortgage Market Survey (PMMS®)

Average Mortgage Rate Outstanding

Press Release Archives

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. For more information, visit www.Freddiemac.com.

SOURCE Freddie Mac





Source: PR Newswire (November 7, 2011 - 12:18 PM EST)

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[MARKetTIME]

Kiwibox.com: An Online Community to Explore, Connect, Party
KWICK! Ranks Second in Social Media Sites and Android Dating Apps!
NEW YORK, Nov. 7, 2011 /PRNewswire/ -- Kiwibox.com (OTC: KIWB), proudly announces that KWICK!, its recently acquired Germany-based social network, is ranked as one of the top social media sites and Android mobile phone dating applications in Germany!

For the 6th consecutive year, KWICK! has been ranked as one of top German websites in its category of the over 6,000 analyzed and index listed by The Book of Web Addresses 2012. Amongst the thousands of Web addresses reviewed, KWICK! continues to be recognized as one of the most popular web addresses in its social community network category for connecting the German community. The Book of Web Addresses 2012 is available in all German bookstores and is a leading internet trade organization publication.

Challenging for the top rated German phone app for dating, KWICK!'s Android mobile apps have duplicated its website's social network connections for members' phone activities. Currently second only to Zoosk, KWICK! and its mobile apps have given a positive balance to personal and private endeavors online. Zoosk, with over 50 million users, is the highest ranked dating App on Facebook. Yet KWICK!, with well over 50,000 downloads and an average rating of 4.3 out of 5 stars, has rapidly become known as one of the best dating applications in the Android marketplace.

Supported by KWICK!'s vast web, mobile technologies, and ever expanding user base, the Kiwibox.com network is poised to instantly respond to the ever-evolving market trends that are influenced via social connections throughout its expanding network.

About Kiwibox.com: Company History

Kiwibox.com was initially founded in 1999 to give teenagers a voice on the internet and was a leader in the teen oriented world for several years. In August 2007, the company was bought by Magnitude Information Systems, Inc., a publicly listed company. In 2008, the company launched a new version, Kiwibox 2.0 and in October 2009 the company launched Kiwibox 3.0, shifting its audience focus from teenagers to young adults. The new platform brings the community to the next level with the latest social network technology. As of December 31, 2009, Kiwibox Media Inc. merged with Magnitude Information Systems and renamed itself to Kiwibox.com, Inc. the New York-based social network. In the beginning of 2011 Kiwibox acquired Pixunity.de, a photoblog community and launched a U.S. version of this community in the summer of 2011. Effective July 1, 2011 Kiwibox.com, Inc. became the owner of Kwick! – a top social network community based in Germany. Kiwibox.com shares are freely traded on the bulletin board under the symbol KIWB.OB.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors, which include but are not limited to, statements regarding the company's potential acquisitions, its ability to obtain financing for these acquisitions, its ability to integrate any acquisition into its business and operations and manage such processes, and its ability to expand its membership, users and internet brand. The company's actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. Factors that could cause or contribute to such differences include, but are not limited to: the after effects of the global economic downturn, changes in political, business and economic conditions, including any conditions that affect ecommerce growth; fluctuations in foreign currency exchange rates; the company's ability to deal with the increasingly competitive ecommerce environment, including competition for its targeted internet audiences, potential advertisers and, in general, from other social networks; the company's need and ability to manage other regulatory, tax and litigation risks as its services become offered in more jurisdictions and applicable laws become more restrictive; any changes the company may make to its market approach and offerings; the company's ability to upgrade and develop its systems, infrastructure and user-member service capabilities at reasonable cost; and the company's ability to maintain site stability and performance on its site while adding new products and features in a timely fashion. The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof.

SOURCE Kiwibox.com





Source: PR Newswire (November 7, 2011 - 12:20 PM EST)

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[MARKetTIME]

Elephant Talk Communications to Present at the Piper Jaffray TMT Conference
http://media.marketwire.com/attachments/201006/8864_mwattach-elephant.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=818481&ProfileId=051205&sourceType=1
SCHIPHOL, THE NETHERLANDS -- (Marketwire) -- 11/07/11 -- Elephant Talk Communications, Corp. (OTCBB: ETAK) (the "Company") (www.elephanttalk.com), an international provider of business software and services to the telecommunications and financial services industries, today announced that its management will be participating in a panel discussion at the Piper Jaffray Technology, Media and Telecom Conference. The presentation will take place at The Westin New York at Times Square, on November 9, 2011 at 3:00 P.M. ET. The panel will be hosted by renowned investor, Chris Larsen.

About Elephant Talk Communications
Elephant Talk Communications Corp. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit (www.elephanttalk.com).

About ValidSoft
ValidSoft is a subsidiary of Elephant Talk Communications Corp. (OTCBB: ETAK), (www.elephanttalk.com) and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit (www.validsoft.com).

Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Contact:

Elephant Talk Communications Corp.
Mr. Steven van der Velden
Tel: + 31 20 653 59 16
Email Contact
www.elephanttalk.com

Investor Relations:
Alliance Advisors, LLC
Thomas P. Walsh
Tel: [phone]
Email Contact






Source: Marketwire (November 7, 2011 - 12:44 PM EST)

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[MARKetTIME]

Axion Power™ Announces Date of Its Third Quarter 2011 Earnings Release and Conference Call
NEW CASTLE, Penn., Nov. 7, 2011 /PRNewswire/ -- Axion Power International, Inc. (OTC Bulletin Board: AXPW), announced plans to release its third quarter 2011 results before market on Tuesday, November 15, 2011. The Company will hold a conference call that same day at 11:00 am ET. Interested parties should call 877-317-6789 (domestic) or 412-317-6789 (international), to access the call.

Webcast
To listen to the conference call live via the Internet, visit the Investors section of the Company's website at www.axionpower.com.

Replay
For those unable to attend to the live webcast, it will be archived following the event for 90 days in the Investors section of the Company's website. An audio replay of the call will be available for one week and can be accessed by dialing 877-344-7529 (domestic) and 412-317-0088 (international) and using conference number 10005398.

About Axion Power International, Inc.
Axion has developed and patented a next generation energy storage device that won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries. According to Frost & Sullivan, Axion's new PbC® batteries have "the potential to revitalize the lead-acid battery industry by breathing new life into an established technology that is not well suited to the requirements of important new applications like hybrid electric vehicles and renewable power."

Axion Power International, Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. Axion believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world utilizing Axion's proprietary carbon electrodes. Axion's future goal, after filling their plant's lead-carbon battery production capacity, is to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry.

For more information, visit www.axionpower.com

Contacts

Axion Power International, Inc.
Charles Trego, CFO
[e-mail]
[phone]

Allen & Caron Inc
Rudy Barrio (Investors)
[e-mail]
[phone]

Len Hall (Media)
[e-mail]
[phone]

SOURCE Axion Power International, Inc.





Source: PR Newswire (November 7, 2011 - 12:46 PM EST)

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[MARKetTIME]

United American Bank Reports Q3 Financial Results; New $10 Million Capital Investment
United American Bank (OTCBB: UABK), reported total assets of $264.9 million at September 30, 2011 as compared to $343.3 million at September 30, 2010. The bank finished fiscal 2010 with total assets of $316.2 million.

United American Bank (UAB) reported total loans outstanding at September 30, 2011 of $218.6 million, as compared to $277.8 million reported at the end of the third quarter of the prior year. Loans outstanding at December 31, 2010 were $261.4 million.

The bank reported total deposits of $254.6 million as of September 30, 2011, compared to total deposits of $314.8 at September 30, 2010. Total deposits at December 31, 2010 were $300.7 million.

UAB reported a net loss for the third quarter of $687,187 as compared to a net loss of $1,148,510 for the third quarter of the prior year, and a loss of $14.2 million for the fourth quarter of 2010. The provision for loan loss was $600,000, and $1,500,000 for the third quarters ended September 30, 2011 and 2010, respectively.

New $10 Million Capital Investment

UAB and ATBancorp of Dubuque, Iowa, announced on October 31, 2011, the completion of ATBancorp’s initial $10.0 million investment in UAB’s capital stock. The transaction received regulatory approval from the Federal Reserve Board and California Department of Financial Institutions. In addition, the United States Department of the Treasury, as a shareholder of UAB, voted to approve the transaction. With completion of the initial investment, UAB’s capital ratios qualify as “well capitalized” as calculated under customary bank regulatory standards. UAB’s capital had been diminished in recent years by the increase in non-performing loans resulting from poor economic conditions in the hard-hit San Francisco-area commercial real estate market.

UAB President and CEO John Schrup stated, “We at United American Bank are pleased that ATBancorp has provided the capital to stabilize the bank and has committed its depth of resources and expertise to help us build a bright, new future along with the businesses and communities we serve.”

About United American Bank

United American Bank is a full-service commercial bank headquartered in San Mateo, California. The bank has offices in San Mateo, Sunnyvale, Half Moon Bay, and Redwood City. The bank is dedicated to providing quality banking and financial services to businesses, professionals and individuals who prefer a high level of personalized client service and management. For more information, visit United American Bank on the web at unitedamericanbank.com or call 650-579-1500.

Safe Harbor

Certain matters discussed in this press release constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements relate to the bank’s current expectations regarding future operating results and the growth in loans, deposits, and assets. These forward looking statements are subject to certain risks and uncertainties that could cause the actual results, or performance to differ materially from those expressed, suggested or implied by the forward looking statements.

These risks and uncertainties include, but are not limited to: (1) the impact on the bank’s performance from changes in interest rates, local and national economic conditions, and the number of financial services providers, (2) the banks ability to continue the current rate of growth, (3) the banks ability to increase net interest income (4) the quality of the loan portfolio and (5) changes in government regulations.


BALANCE SHEET Quarter Quarter Quarter
(dollars in thousands) Ending Ending Change Ending Change
End of Period 9/30/2011 9/30/2010 $ % 6/30/2011 $ %

Total Assets $ 264,860 $ 343,256 $ (78,396 ) -22.8 % $ 285,269 $ (20,409 ) -7.2 %
Total Loans 218,645 277,841 (59,196 ) -21.3 % 240,314 (21,669 ) -9.0 %
Total Deposits 254,592 314,717 (60,125 ) -19.1 % 274,343 (19,751 ) -7.2 %
Allowance for Loan Losses 8,567 7,376 1,191 16.1 % 7,716 851 11.0 %
Shareholders' Equity 9,313 28,671 (19,358 ) -67.5 % 9,971 (658 ) -6.6 %

Quarter Average

Total Assets 276,608 354,867 (78,259 ) -22.1 % 295,514 $ (18,906 ) -6.4 %
Total Loans 227,591 280,300 (52,709 ) -18.8 % 252,881 (25,290 ) -10.0 %
Total Deposits 265,886 325,248 (59,362 ) -18.3 % 280,659 (14,773 ) -5.3 %
Shareholders' Equity 9,723 29,744 (20,021 ) -67.3 % 13,828 (4,105 ) -29.7 %

OPERATIONS QUARTER TO DATE

Interest Income $ 3,031,082 $ 4,019,917 $ (988,835 ) -24.6 % $ 3,156,544 $ (125,462 ) -4.0 %
Interest Expense 400,336 608,538 (208,202 ) -34.2 % 458,031 (57,695 ) -12.6 %
Net Interest Income 2,630,746 3,411,379 (780,633 ) -22.9 % 2,698,513 (67,767 ) -2.5 %

Provision for loan losses 600,000 1,500,000 (900,000 ) -60.0 % 3,020,000 (2,420,000 ) -80.1 %
Noninterest Income 115,111 140,793 (25,682 ) -18.2 % 138,157 (23,046 ) -16.7 %
Noninterest Expense 2,833,044 3,203,082 (370,038 ) -11.6 % 3,863,759 (1,030,715 ) -26.7 %
Income Tax Expense (Benefit) - (2,400 ) 2,400 - -
Net Income $ (687,187 ) $ (1,148,510 ) 461,323 $ (4,047,089 ) 3,359,902 -83.0 %

RATIOS:

Net Interest Margin 3.88 % 4.01 % 3.72 %
Efficiency Ratio 125.00 % 132.00 % 243.00 %

ALLL/Gross Loans 3.92 % 2.65 % 3.21 %
Nonperforming/Total Loans 14.13 % 7.18 % 13.16 %
Average Capital/Average Assets 3.51 % 8.38 % 4.68 %







Source: Business Wire (November 7, 2011 - 12:50 PM EST)

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[MARKetTIME]

The Original SoupMan® Announces Opening at Earl’s Court™
(SOUP: OTCBB) In 1762, the Earl of Sandwich invented the modern-day sandwich. In 1984, Soupman Al Yeganeh re-defined modern-day soup. Today, in 2011, those two legends come together to announce that The Original SoupMan® and Earl of Sandwich® are collaborating to bring the best of soups and sandwiches to discerning diners at Earl’s Court™, founded and owned by the acclaimed restaurateur, Mr. Robert Earl, for whom this concept is named.

The first step in this collaboration is the fall 2011 opening of The Original SoupMan® restaurant at Earl’s Court™, located at 90 John Street in Downtown Manhattan. Earl's Court™ is a brand new 4,400 sq ft high-end specialty food court filled with seven amazing culinary venues with reasonable prices that is great for the on-the-go lunch crowd and those seeking a trendy alternative for after-work dinner and drinks in a hip, fun environment.

This new location is SoupMan’s fifth Manhattan location and will feature its legendary Zagat-rated #1 soups including Lentil, Tomato Basil, Lobster Bisque, and Jambalaya, and a selection of Al’s “Skinny Soups” at under 150 calories or less per serving. Earl of Sandwich® currently operates 13 additional restaurants in major metro destinations including Las Vegas, Florida, London and Paris.

The partnership with Earl’s Court™ follows on the heels of The Original SoupMan® entering into co-branded initiatives with other recognizable restaurants who intend to benefit from its well-known brand and loyal soup fans, including a recent partnership with Tim Horton’s.

“Earl’s Court’s combination of great concepts with rich histories and always-fresh and delicious products are a perfect complement to our own brand standards and mission,” said Arnold Casale, CEO of The Original SoupMan®.

“We’re excited to be coming to New York, and thrilled to be associating with The Original SoupMan® – an institution that New Yorkers love and rightfully respect” said Robert Earl.

About The Original SoupMan®

In 1984, Al Yeganeh opened his first soup shop at 55th Street & 8th Avenue in Manhattan. It soon set the standard for innovation and excellence in soups and gained global fame as the inspiration behind a famous Seinfeld episode. With a growing portfolio of The Original SoupMan® franchises and his new packaged line of premium gourmet “Heat-n-Serve” soups available at fine supermarkets nationwide, Al and his talented, experienced team are giving everyone the opportunity to experience quality soup as it was meant to be – at home, or away! On February 1, 2011, SOUPMAN INC, its parent company, commenced trading on the OTC Bulletin Board® (OTCBB) under the ticker symbol SOUP. For additional information, please visit: www.originalsoupman.com, friend us on Facebook at OriginalSoupMan or follow us on Twitter via handle @OriginalSoupMan.

About Earl’s Court™

Earl’s Court™ is a high-end specialty food court that presents a diverse range of culinary offerings, including Earl of Sandwich®, The Original Soupman®, Billy’s Bakery™, Sushi Express™, Greens™ salad bar, and Shakebar™. In addition, Earl’s Court™ will feature a Lavazza® coffee bar and a mixology bar. Earl’s Court™, which is great for both lunchtime crowds and after-work drinks and meals, is founded by and named after the acclaimed restaurateur and entrepreneur Mr. Robert Earl. Robert Earl is the founder and Chief Executive Officer of Planet Hollywood International, Inc., the parent company for Planet Hollywood restaurants, Planet Dailies® and Buca di Beppo®. For more information please visit www.EarlsCourtNYC.com.

About Earl of Sandwich®

Earl of Sandwich is a collaboration between Robert Earl and a direct descendant of the fourth Earl of Sandwich, John Montagu, who is credited with inventing the sandwich in 1762. As First Sea Lord, he commanded the mighty British Navy, was a noted explorer and also a dedicated gambler with a love of day-long card games. With little time for food, he came up with the ingenious idea of putting meat between two slices of bread. From then on it did not matter if one was fighting a great sea battle or laying down a Royal Flush, they could eat great food without too much fuss. Now, more than 240 years later, John Montagu, the 11th Earl of Sandwich and his son Orlando are re-inventing and reclaiming their culinary namesake. More information at www.earlofsandwichusa.com

Safe Harbor Statement:

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are based on current expectations, estimates and projections made by management. We intend for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, statements regarding the opening at Earl’s Court.. All forward-looking statements in this press release are made as of the date of this press release, and we assume no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements such as the failure of the new product to obtain market acceptance or to result in increased sales and the risk factors discussed in the Business and Management’s Discussion and Analysis sections in Soupman, Inc.’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.






Source: Business Wire (November 7, 2011 - 12:51 PM EST)

News by QuoteMedia

[MARKetTIME]

Shelron Group Enters Into Gold Exploration in Northern Chile
The country is home to US$9 billion in investments in its gold and silver mining sector, according to Cochilco
NEW YORK, November 7, 2011 /PRNewswire/ --

Besides Africa, Shelron group enters into gold exploration in Chile based on the country's potential, and the company's strategy to explore gold in Africa and in the Americas.

Shelron is interested in more deals to increase its portfolio and opportunities. The focus of the company is to adhere to its acquisition criteria and only acquire a prospecting license in Chile that can potentially be developed into proven reserves or productive metal resource mines.

Chile gold production:

In five years, the country is expected to become one of the largest producers of the metal worldwide.

That's where Chile strives to be among the countries that produce the largest amount of gold in the world.

The Andean nation isn't there yet - but it's getting close, officials said.

Chile is ranked 17th in the global ranking of gold production, according to Bloomberg, with 39.494 metric tons in 2010, according to the Chilean Mining Ministry.

China is ranked atop the list with 324 metric tons produced annually, followed by Australia (223 metric tons); South Africa (220); United States (219); Russia (205); Peru (182), Indonesia (166), Canada (96); Ghana (90) and Uzbekistan (75), according to Bloomberg.

But Chilean officials are optimistic their continued investment in the sector will enable the industry to ascend the rankings into the top 10. They also envision gold rivaling copper as the main source of revenue for the economy.

"Gold has become a secure haven for investors," said Vicente Pérez, an analyst who works for the Chilean Copper Commission (Cochilco).

The country is home to US$9 billion in investments in its gold and silver mining sector, according to Cochilco.

Gabriel Balcázar, a corporate mining consultant, said the investments made to increase the production of gold also will make the Andean nation an even bigger player in the silver market.

Chile is ranked fifth in the world in silver production with 1,607 metric tons annually, just behind fourth-place Australia (1,727 metric tons). Peru, with 3,471 metric tons, tops the list, according to 2010's figures by the United States Geological Survey.

Balcázar, however, said Chile has the potential to move into the top four.

About Shelron Group

Shelron Group, Inc. (OTCBB : SRNG) is a New York based mineral exploration and development company focused on acquisition, exploration, evaluation, and development of mineral resource properties in Africa and South America. The Company incorporated in Delaware and is headquartered in New York.

Additional information is available at http://www.Shelron-Group.com.

Safe Harbor Statement

There can be no assurance that a definitive agreement with any party will be executed on acceptable terms or at all. Additionally, even assuming acceptable terms are reached, there can be no assurance that the required conditions of such transactions would be met.

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at http://www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements.

Contact:
Investor Relations:
Ryan Troup
Circadian Group
Phone: [phone]
Email: [e-mail]
Web: http://www.Circadian-Group.com
Facebook: http://www.facebook.com/CircadianGroup
Twitter: http://www.twitter.com/Circadian_Group



SOURCE Shelron Group , Inc.





Source: PR Newswire (November 7, 2011 - 1:08 PM EST)

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[MARKetTIME]

LifeVantage to Announce Fiscal First Quarter 2012 Results on November 14, 2011
SALT LAKE CITY, Nov. 7, 2011 (GLOBE NEWSWIRE) -- LifeVantage Corporation (OTCBB:LFVN), makers of Protandim®, the Nrf2 Synergizer™ patented dietary supplement, announced today it will release financial results for the fiscal first quarter ended September 30, 2011, after the market closes on Monday, November 14, 2011. The Company will hold an investor conference call at 2:30 p.m. Mountain time (4:30 p.m. Eastern time).

Investors interested in participating in the live call can dial [phone] from the U.S. International callers can dial [phone]. A telephone replay will be available approximately two hours after the call concludes and will be available through Wednesday, November 16, 2011, by dialing [phone] from the U.S., or [phone] from international locations, and entering confirmation code 7867452.

There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at http://investor.lifevantage.com/events.cfm. The webcast will be archived for 30 days.

To receive email alerts regarding LifeVantage's upcoming investor events, stock information, SEC filings, or Company issued press releases, please visit the Company's Investor Information page and sign up for email subscription alerts: http://investor.lifevantage.com/alerts.cfm.

About LifeVantage Corporation

LifeVantage, (OTCBB:LFVN), makers of Protandim®, the Nrf2 Synergizer™ patented dietary supplement, is a science-based nutraceutical company. Life Vantage is dedicated to visionary science that promises to transform wellness and anti-aging internally and externally with supplements that dramatically reduce oxidative stress at the cellular level. The Company was founded in 2003 and currently has operations in both Salt Lake City, Utah and San Diego, CA. For more information, visit www.LifeVantage.com.

CONTACT: Cindy England [phone]
Director of Investor Relations
or
John Mills [phone]
Senior Managing Director, ICR, LLC




Source: Globe Newswire (November 7, 2011 - 1:23 PM EST)

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