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AFYG - Affinity Gold Corp. Corporate Update
MAPLE GROVE, Minn., Feb. 2 /PRNewswire-FirstCall/ -- Affinity Gold Corp. (OTC Bulletin Board: AFYG) ("Affinity" or the "Company") is pleased to provide a corporate update to its shareholders recapping 2009 accomplishments and announcing its 2010 planned accomplishments.
In 2009, the Company made significant and noteworthy progress executing against its business plan successfully achieving major milestones in spite of global economic uncertainty and record rainfall and flooding in the region of southeastern Peru. The year presented great challenges that tested, and ultimately demonstrated, the strength and resolve of our management team.
2009 Accomplishments
1.Became an SEC fully-reporting and compliant public company in Q1 '09
2.Performed PCAOB-Compliant audit for 2 years of financials of AMR Project Peru, S.A.C. ("AMR"), conducted due diligence of AMR's mining concession rights and closed the Share Exchange Agreement representing acquisition of AMR and the mining concession rights
3.Negotiated the cancellation of 26.5 million control block shares
4.Raised in excess of $900K
5.Reduced our Authorized shares to 260,000,000 from 2.7Billion
6.Published the first release of our N.I. 43-101 Report
SUMMARY OF CURRENT RESERVES AND RESOURCES (N.I. 43-101 Table 22-1)
Category M3 Tonnes Grade Oz/T Ounces Au
-------- --- ------ ---------- ---------
Measured Reserve 360,000 720,000 0.0506 36,432
---------------- ------- ------- ------ ------
Indicated Resource 3,500,000 7,000,000 0.0337 235,900
------------------ --------- --------- ------ -------
Inferred Resource 27,000,000 54,000,000 0.0337 1,819,800
----------------- ---------- ---------- ------ ---------
In 2010, we continue to be focused on executing against our plan of putting our flagship project into production by the end of Q2. Management believes the economic outlook will continue to improve and gold prices will continue to appreciate throughout the year which will only strengthening its ability to successfully raise capital.
2010 Planned Accomplishments
1.Raise $1 Million in Q1; and, up to another $3 Million in Q2
2.Put flagship project into production by end of Q2
3.Continue with the second phase of the Company's planned exploration program to attempt to quantify the fine gold available on the property as well as increase the Measured, Indicated and Inferred reserves published in first release of the Company's N.I. 43-101 Report
4.Secure additional concession rights to become the single largest contiguous concession rights holder in the area.
Antonio Rotundo, CEO of Affinity Gold, said "Over the last year, we have made great strides in bringing our Company to point where we are well positioned to begin production on our property. It is an exciting time as we are about to begin reaping the fruits of our labor."
http://finance.yahoo.com/news/Affinity-Gold-Corp-Corporate-prnews-1190152606.html?x=0&.v=1
AFYG does look good. Little lite reading, check out the evaluation filed by Lasko, (pdf link below), not bad at all!
R. W. Laakso, B. Sc.; P. Eng.
Shaft & Tunnel Engineering Services Limited
Holland Landing, Ontario, Canada
http://www.affinitygold.com/present/Affinity_Technical_Report_Nov_2009_FINAL.pdf
http://www.affinitygold.com/index.php
Can certainly agree 'craig', AFYG's share structure is very favorable after having reduced it's authorized.
Gotten tidy and looking for more.
AUTHORIZED: 260,000,000 shares
OUTSTANDING: 51,231,195 shares as of December 10, 2009.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=wQDicdsZ8qOOjusRQRUn2g%253d%253d&nt7=0
http://www.sec.gov/cgi-bin/browse-edgar?company=Affinity+Gold&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany
LOL, true that. Now would that be before or after the apparent possible R/S coming?
With no news from Arne within the last year and a half, (no meaningful returned calls, emails or communications with any SHAREHOLDERS, and the obvious amount of exercised, warranted shares traded within the same timeframe and no deal closures, contracts, lost/forfeited agreements, etc.), that would be a standard approach to things for a pinksheet stock wouldn't it?
Bring on the windmill energy. chuckle
Agree - AFYG - with gold prices on the increase and pushing over $800.00 per oz. it is pretty simple, isn't it?
BUY GOLD!
http://www.goldprice.org/gold-price.html
With AFYG's latest filing they're definitely looking ahead with the potential of greater things to come, aren't they? It's a decent change that puts them in line with most of the commercial world.
AFFINITY GOLD CORP. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
AFYG • AFFINITY GOLD CORP. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Form 8-K for AFFINITY GOLD CORP.
-------------------------------------------
3-Feb-2010
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On January 29, 2010, the board of directors of Affinity Gold Corp. (the "Company") passed a resolution changing the Company's fiscal year end to December 31 from March 31. The Company plans to report its financial results for the nine-month transition period of April 1, 2009 to Dec. 31, 2009 on a transition report on Form 10-K. After filing the transition report, the Company's next fiscal year end will be Dec. 31, 2010.
Decent change that puts them in line with most of the commercial world. They're definitely looking ahead with/for the potential of greater things to come, aren't they?
http://biz.yahoo.com/e/100203/afyg.ob8-k.html
http://finance.yahoo.com/q?s=AFYG.OB
AFYG • AFFINITY GOLD CORP. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Form 8-K for AFFINITY GOLD CORP.
-------------------------------------------
3-Feb-2010
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On January 29, 2010, the board of directors of Affinity Gold Corp. (the "Company") passed a resolution changing the Company's fiscal year end to December 31 from March 31. The Company plans to report its financial results for the nine-month transition period of April 1, 2009 to Dec. 31, 2009 on a transition report on Form 10-K. After filing the transition report, the Company's next fiscal year end will be Dec. 31, 2010.
Decent change that puts them in line with most of the commercial world. They're definitely looking ahead with/for the potential of greater things to come, aren't they?
http://biz.yahoo.com/e/100203/afyg.ob8-k.html
http://finance.yahoo.com/q?s=AFYG.OB
Demonstrates a lot of resolve to the continued success of the company for all involved, you know?
Looking forward to the 2010 planned objectives.
AFYG's share structure is very favorable after having reduced it's authorized.
AUTHORIZED: 260,000,000 shares
OUTSTANDING: 51,231,195 shares as of December 10, 2009.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=wQDicdsZ8qOOjusRQRUn2g%253d%253d&nt7=0
http://www.sec.gov/cgi-bin/browse-edgar?company=Affinity+Gold&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany
AFYG's share structure is very favorable after having reduced it's authorized.
AUTHORIZED: 260,000,000 shares
OUTSTANDING: 51,231,195 shares as of December 10, 2009.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=wQDicdsZ8qOOjusRQRUn2g%253d%253d&nt7=0
http://www.sec.gov/cgi-bin/browse-edgar?company=Affinity+Gold&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany
Nice update released today, always like when companies become full reporting and reduce authorized shares.
Affinity Gold Corp. (AFYG.ob) is a mineral exploration and development company engaged in the acquisition, exploration and development of gold mineralization properties internationally. Affinity Gold Corp.'s current primary focus is gold exploration in Peru.
Through its 99.99% owned subsidiary AMR Project Peru, S.A.C., Affinity Gold Corp. is the owner of the mining concession title named "AMR Project" covering 500 hectares and the mining concession certificate as evidenced by Certificate No. 7996-2006-INACC-UADA granted to AMR by the Republic of Peru, National Institute of Concessions and Mining Cadastre on December 11, 2006 (the "Mining Concession Rights"), which Mining Concession Rights are located in the Inambari River Basin on the flat plains region at an altitude greater than 1500' and accessible by land and air, in the District of Ayapata, Province of Carabaya, Department of Puno, Peru.
http://www.affinitygold.com
http://finance.yahoo.com/q/h?s=AFYG.OB
Affinity Gold Corp. (AFYG.ob) is a mineral exploration and development company engaged in the acquisition, exploration and development of gold mineralization properties internationally. Affinity Gold Corp.'s current primary focus is gold exploration in Peru.
Through its 99.99% owned subsidiary AMR Project Peru, S.A.C., Affinity Gold Corp. is the owner of the mining concession title named "AMR Project" covering 500 hectares and the mining concession certificate as evidenced by Certificate No. 7996-2006-INACC-UADA granted to AMR by the Republic of Peru, National Institute of Concessions and Mining Cadastre on December 11, 2006 (the "Mining Concession Rights"), which Mining Concession Rights are located in the Inambari River Basin on the flat plains region at an altitude greater than 1500' and accessible by land and air, in the District of Ayapata, Province of Carabaya, Department of Puno, Peru.
http://www.affinitygold.com
http://finance.yahoo.com/q/h?s=AFYG.OB
AFYG - Affinity Gold Corp. Corporate Update
On Tuesday February 2, 2010, 9:30 am EST
MAPLE GROVE, Minn., Feb. 2 /PRNewswire-FirstCall/ -- Affinity Gold Corp. (OTC Bulletin Board: AFYG) ("Affinity" or the "Company") is pleased to provide a corporate update to its shareholders recapping 2009 accomplishments and announcing its 2010 planned accomplishments.
In 2009, the Company made significant and noteworthy progress executing against its business plan successfully achieving major milestones in spite of global economic uncertainty and record rainfall and flooding in the region of southeastern Peru. The year presented great challenges that tested, and ultimately demonstrated, the strength and resolve of our management team.
2009 Accomplishments
1.Became an SEC fully-reporting and compliant public company in Q1 '09
2.Performed PCAOB-Compliant audit for 2 years of financials of AMR Project Peru, S.A.C. ("AMR"), conducted due diligence of AMR's mining concession rights and closed the Share Exchange Agreement representing acquisition of AMR and the mining concession rights
3.Negotiated the cancellation of 26.5 million control block shares
4.Raised in excess of $900K
5.Reduced our Authorized shares to 260,000,000 from 2.7Billion
6.Published the first release of our N.I. 43-101 Report
SUMMARY OF CURRENT RESERVES AND RESOURCES (N.I. 43-101 Table 22-1)
Category M3 Tonnes Grade Oz/T Ounces Au
-------- --- ------ ---------- ---------
Measured Reserve 360,000 720,000 0.0506 36,432
---------------- ------- ------- ------ ------
Indicated Resource 3,500,000 7,000,000 0.0337 235,900
------------------ --------- --------- ------ -------
Inferred Resource 27,000,000 54,000,000 0.0337 1,819,800
----------------- ---------- ---------- ------ ---------
In 2010, we continue to be focused on executing against our plan of putting our flagship project into production by the end of Q2. Management believes the economic outlook will continue to improve and gold prices will continue to appreciate throughout the year which will only strengthening its ability to successfully raise capital.
2010 Planned Accomplishments
1.Raise $1 Million in Q1; and, up to another $3 Million in Q2
2.Put flagship project into production by end of Q2
3.Continue with the second phase of the Company's planned exploration program to attempt to quantify the fine gold available on the property as well as increase the Measured, Indicated and Inferred reserves published in first release of the Company's N.I. 43-101 Report
4.Secure additional concession rights to become the single largest contiguous concession rights holder in the area.
Antonio Rotundo, CEO of Affinity Gold, said "Over the last year, we have made great strides in bringing our Company to point where we are well positioned to begin production on our property. It is an exciting time as we are about to begin reaping the fruits of our labor."
http://finance.yahoo.com/news/Affinity-Gold-Corp-Corporate-prnews-1190152606.html?x=0&.v=1
AFYG - Affinity Gold Corp. Corporate Update
On Tuesday February 2, 2010, 9:30 am EST
MAPLE GROVE, Minn., Feb. 2 /PRNewswire-FirstCall/ -- Affinity Gold Corp. (OTC Bulletin Board: AFYG) ("Affinity" or the "Company") is pleased to provide a corporate update to its shareholders recapping 2009 accomplishments and announcing its 2010 planned accomplishments.
In 2009, the Company made significant and noteworthy progress executing against its business plan successfully achieving major milestones in spite of global economic uncertainty and record rainfall and flooding in the region of southeastern Peru. The year presented great challenges that tested, and ultimately demonstrated, the strength and resolve of our management team.
2009 Accomplishments
1.Became an SEC fully-reporting and compliant public company in Q1 '09
2.Performed PCAOB-Compliant audit for 2 years of financials of AMR Project Peru, S.A.C. ("AMR"), conducted due diligence of AMR's mining concession rights and closed the Share Exchange Agreement representing acquisition of AMR and the mining concession rights
3.Negotiated the cancellation of 26.5 million control block shares
4.Raised in excess of $900K
5.Reduced our Authorized shares to 260,000,000 from 2.7Billion
6.Published the first release of our N.I. 43-101 Report
SUMMARY OF CURRENT RESERVES AND RESOURCES (N.I. 43-101 Table 22-1)
Category M3 Tonnes Grade Oz/T Ounces Au
-------- --- ------ ---------- ---------
Measured Reserve 360,000 720,000 0.0506 36,432
---------------- ------- ------- ------ ------
Indicated Resource 3,500,000 7,000,000 0.0337 235,900
------------------ --------- --------- ------ -------
Inferred Resource 27,000,000 54,000,000 0.0337 1,819,800
----------------- ---------- ---------- ------ ---------
In 2010, we continue to be focused on executing against our plan of putting our flagship project into production by the end of Q2. Management believes the economic outlook will continue to improve and gold prices will continue to appreciate throughout the year which will only strengthening its ability to successfully raise capital.
2010 Planned Accomplishments
1.Raise $1 Million in Q1; and, up to another $3 Million in Q2
2.Put flagship project into production by end of Q2
3.Continue with the second phase of the Company's planned exploration program to attempt to quantify the fine gold available on the property as well as increase the Measured, Indicated and Inferred reserves published in first release of the Company's N.I. 43-101 Report
4.Secure additional concession rights to become the single largest contiguous concession rights holder in the area.
Antonio Rotundo, CEO of Affinity Gold, said "Over the last year, we have made great strides in bringing our Company to point where we are well positioned to begin production on our property. It is an exciting time as we are about to begin reaping the fruits of our labor."
http://finance.yahoo.com/news/Affinity-Gold-Corp-Corporate-prnews-1190152606.html?x=0&.v=1
JCOF - Coffee is the leading source of caffeine consumption in the United States, and is the world’s second most popular drink after water.
US coffee drinkers consume approximately 3.1 cups per day on average, with the cup size being nine ounces. Fifty-two percent of Americans over the age of eighteen drink coffee every morning, and on top of that, thirty percent of the population drinks coffee occasionally, meaning that over eighty percent of Americans consume coffee. Sixty-five percent of consumers add sweetener. On average, coffee drinkers will spend $164.71 per year on coffee, and coffee drinkers that get a cup to go from a local coffeehouse before work will wait in line nearly forty-five hours each year!
Coffee is the leading source of caffeine consumption in the United States, and is the world’s second most popular drink after water.
US coffee drinkers consume approximately 3.1 cups per day on average, with the cup size being nine ounces. Fifty-two percent of Americans over the age of eighteen drink coffee every morning, and on top of that, thirty percent of the population drinks coffee occasionally, meaning that over eighty percent of Americans consume coffee. Sixty-five percent of consumers add sweetener. On average, coffee drinkers will spend $164.71 per year on coffee, and coffee drinkers that get a cup to go from a local coffeehouse before work will wait in line nearly forty-five hours each year!
JCOF - Coffee is actually the world’s second most traded commodity, taking a backseat only to petroleum, with the coffee market earning nearly sixty billion dollars annually. The importance of coffee in the world cannot be denied.
Coffee is actually the world’s second most traded commodity, taking a backseat only to petroleum, with the coffee market earning nearly sixty billion dollars annually. The importance of coffee in the world cannot be denied.
JCOF - The US coffee and tea manufacturing industry includes about 300 companies with combined annual revenue of about $8 billion.
The US coffee and tea manufacturing industry includes about 300 companies with combined annual revenue of about $8 billion.
JCOF - Americans consume 400 million cups of coffee per day, or equivalent to 146,000,000,000 (146 Billion) cups of coffee per year; making the United States the LEADING CONSUMER of coffee in the world.
Coffee represents 75% of all the caffeine consumed in the United States.
Americans consume 400 million cups of coffee per day, or equivalent to 146,000,000,000 (146 Billion) cups of coffee per year; making the United States the LEADING CONSUMER of coffee in the world.
Coffee represents 75% of all the caffeine consumed in the United States.
JCOF - JAVALUTION Announces 118% Revenue Growth for 2009
On Thursday January 28, 2010, 8:00 am EST
MIAMI--(BUSINESS WIRE)--Javalution Coffee Company (www.myjavafit.com), (Pink Sheets:JCOF - News), a fully vertical coffee roasting and distribution company, owner of the Network Marketing Brand JavaFit and the retail brand Café La Rica, as well as the category creator of functional gourmet coffee, announced consolidated Annual Revenues of $3,658,354 for the year ending December 31, 2009. This represents a 118% increase over calendar year 2008. Consolidated Gross Profits for calendar year 2009 were $877,644 versus Gross Profits in the prior year of $328,704 representing a 167% increase. Dave Briskie, CEO for Javalution, stated, “We were able to achieve these increased revenue numbers for 2009 while only realizing a 7.7% increase in operating expenses over calendar year 2008.” The company’s 2009 annual expenses (excluding non-cash items) were $2,213,492 versus $2,054,542 in 2008. Mr. Briskie further stated, “We are seeing solid revenue growth in both divisions of our company.” He stated further, “Javalution Coffee Company will continue to focus on revenue growth along with a tight control of expenses. Achieving profitability in 2010 is the company’s top priority.” Javalution Coffee Company reported a net loss from operations of $1,334,838 for the year versus a loss of $1,725,828 in 2008. The company cut its losses by 22.6% in 2009.
The company growth was attributed to triple digit sales increases from its JavaFit brand via its Network Marketing Division along with 28% sales growth coming from CLR Roasters, the company’s wholly owned roasting operation.
http://finance.yahoo.com/news/JAVALUTION-Announces-118-bw-1914545496.html?x=0&.v=1
JCOF - JAVALUTION Announces 118% Revenue Growth for 2009
On Thursday January 28, 2010, 8:00 am EST
MIAMI--(BUSINESS WIRE)--Javalution Coffee Company (www.myjavafit.com), (Pink Sheets:JCOF - News), a fully vertical coffee roasting and distribution company, owner of the Network Marketing Brand JavaFit and the retail brand Café La Rica, as well as the category creator of functional gourmet coffee, announced consolidated Annual Revenues of $3,658,354 for the year ending December 31, 2009. This represents a 118% increase over calendar year 2008. Consolidated Gross Profits for calendar year 2009 were $877,644 versus Gross Profits in the prior year of $328,704 representing a 167% increase. Dave Briskie, CEO for Javalution, stated, “We were able to achieve these increased revenue numbers for 2009 while only realizing a 7.7% increase in operating expenses over calendar year 2008.” The company’s 2009 annual expenses (excluding non-cash items) were $2,213,492 versus $2,054,542 in 2008. Mr. Briskie further stated, “We are seeing solid revenue growth in both divisions of our company.” He stated further, “Javalution Coffee Company will continue to focus on revenue growth along with a tight control of expenses. Achieving profitability in 2010 is the company’s top priority.” Javalution Coffee Company reported a net loss from operations of $1,334,838 for the year versus a loss of $1,725,828 in 2008. The company cut its losses by 22.6% in 2009.
The company growth was attributed to triple digit sales increases from its JavaFit brand via its Network Marketing Division along with 28% sales growth coming from CLR Roasters, the company’s wholly owned roasting operation.
http://finance.yahoo.com/news/JAVALUTION-Announces-118-bw-1914545496.html?x=0&.v=1
Yep, was reviewing the product line this morning. At least two of their product offerings contain all the vitamins that I'm taking every morning now, along with a pot of coffee for that bbboooosst.
Would certainly make it easier to just brew it all at once, something so simple that most of us don't think of.
Focus Plus Multi-Vitamins
http://www.myjavafit.com/coffee-focus.php
Immune Plus Multi-Vitamins
http://www.myjavafit.com/coffee-immune.php
Like the fact that JCOF has full control of all it's manufacturing processes.
Good Morning 'snowgator', just received a profile alert from Small Cap Society on JCOF. Figured it's worth doing some DD on since SCS has hit on some fairly decent companies recently.
http://smallcapsociety.com/jcof.php
Thanks 'clyde', some chart aspects are certainly looking positive!
Guess we'll see if there's anything tangible forthcoming shortly past buying, charting, desire, hope for more, etc., right?
Still hoping for the best here with AWYI.