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GINORMOUS ALERT COMING THIS MONDAY!!
This stock is going to explode. Great share structure, this could possibly see +250% gains quick! Everyone will love it!
SIGN UP HERE: http://investorshub.advfn.com/boards/chairmail_sub.asp?board_id=23901
AQNM something is definitely up here!
GINORMOUS ALERT COMING THIS MONDAY!!
This stock is going to explode. Great share structure, this could possibly see +250% gains quick! Everyone will love it!
SIGN UP HERE: http://investorshub.advfn.com/boards/chairmail_sub.asp?board_id=23901
GINORMOUS ALERT COMING THIS MONDAY!!
This stock is going to explode. Great share structure, this could possibly see +250% gains quick! Everyone will love it!
SIGN UP HERE: http://investorshub.advfn.com/boards/chairmail_sub.asp?board_id=23901
SIRG $0.0118 on watch here
SIRG $0.0118 on watch here
WIFM huge bids are moving up!
WIFM huge bids are moving up!
WIFM looks like it wants to go MUCH higher
WIFM looks like it wants to go MUCH higher
WIFM 0035 x 0036 ut
WIFM 0035 x 0036 ut
WIFM 1 left @ .0035
WIFM 1 left @ .0035
FNCX - Ad Industry Dynamo Kevin Arrix Joins Viggle as Chief Revenue Officer
Former Citigroup Executive Julie Gerola hired as Vice President, Loyalty and Rewards to Create the First Rewards Program for Watching Television
NEW YORK, Jun 05, 2012 (BUSINESS WIRE) -- Viggle(SM), the loyalty program for television recently launched by Function(x) Inc.(TM) (Pink Sheets:FNCX), announced the appointment of Kevin Arrix and Julie Gerola to the company's executive team. The new hires bring experience managing world-class digital advertising businesses and large-scale loyalty programs for some of the world's biggest brands in media, entertainment and financial services.
Kevin Arrix recently joined Viggle as Chief Revenue Officer after holding the position of Executive Vice President of Digital Advertising at MTV Networks. At MTV Networks, Kevin oversaw MTV Network's digital advertising sales and operations for online and mobile advertising across all of the company's properties, including MTV, VH1, Nickelodeon, COMEDY CENTRAL, Shockwave, CMT, Spike and Logo. Prior to moving into his cross-brand role at MTV Networks, Kevin was Vice President of Nickelodeon's digital ad sales and led an East Coast-based Nickelodeon TV sales team. He also previously held a leadership role at CBS Sportsline after seven years at Turner Broadcasting, primarily in the Turner International division, where he held appointments in New York, Chicago and Europe.
Julie Gerola joins Viggle as Vice President, Loyalty and Rewards, overseeing Viggle's rewards program. She was most recently Senior Vice President at Citigroup, where she oversaw the industry-recognized Citi ThankYou Rewards program. With more than 10 years of loyalty expertise and deep passion for the consumer experience, Julie is the perfect fit for Viggle as the company pioneers the first loyalty program for television.
ORGN - Origen Financial Announces First Quarter 2012 Results
SOUTHFIELD, Mich., June 5, 2012 /PRNewswire via COMTEX/ -- Origen Financial, Inc. (Pink Sheets: ORGN) ("Origen" or the "Company"), a real estate investment trust that manages residual interests in securitized manufactured housing loan portfolios, today announced net income of $3.6 million, or $0.14 per share, for the quarter ended March 31, 2012, as compared to a net loss of $2.8 million, or $0.11 per share, for the first quarter of 2011. The first quarter 2012 net income was primarily the result of the fair market valuation on March 31, 2012 of assets relating to certain of Origen's interest rate swap transactions with Citibank, N.A. which were terminated on May 2, 2012. The termination of these transactions resulted in gains of approximately $6.2 million. Excluding such gains, Origen's net loss for the quarter approximated $2.6 million, or $0.10 per share.
On June 4, 2012, Origen's Board of Directors declared a dividend on common stock of $0.38 per share to be paid to holders of Origen's common stock of record on June 15, 2012. The dividend will be paid on June 22, 2012 and will approximate $9.9 million. The cash dividend will represent a return of capital for tax purposes. In addition to funds from normal operations, the dividend includes the proceeds from the interest rate swap termination transactions of approximately $7.2 million, including the return of deposits of $500,000.
USRI - USA Recycling Industries, Inc. (USRI) Announces Engagement of QualityStocks Investor Relations Services
SCOTTSDALE, AZ, Jun 05, 2012 (MARKETWIRE via COMTEX) -- USA Recycling Industries, Inc. (PINKSHEETS: USRI) announces today that they have agreed with QualityStocks to be featured in The Small Cap QualityStocks Daily Newsletter, QualityStocks Daily Blogs and Message Boards. QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts.
You can SIGN UP NOW http://Signup.QualityStocks.net
USA Recycling Industries is a mid-market recyclable waste collection & disposal service, providing specialty recycling programs to commercial & industrial customers throughout North America. Operating through multiple company-owned & partnership recycling centers, the company primarily targets growth opportunities in the $75 billion global scrap metals market.
PUNK - ePunk Announces Q1 Financial Results
SAN CLEMENTE, Calif., June 5, 2012 /PRNewswire via COMTEX/ -- ePunk, Inc. (PINK SHEETS: PUNK), a distributor of power sports products, accessories and related services through CountyImports.com, today announced financial results for the first quarter ended December 31, 2011, as filed late, on May 31, 2012, with the Securities and Exchange Commission. The Company added that it will be filing results for the second quarter ended March 31, 2012 as soon as practicable.
For the first quarter ended December 31, 2011, revenues were $226,706, an increase of approximately 53% from $148,298 for the fourth quarter ended September 30, 2011. Cost of sales was $192,164 compared to $128,769 for the previous quarter. Gross profit was $34,542 compared to $19,528 for the previous quarter with gross margins of 15.2% and 13.1%, respectively.
Net loss for the first quarter was $90,583, or $0.00 per diluted share compared to a net loss of $76,133, or $0.00 per diluted share for the previous quarter.
Jesse Gonzales, CEO of ePunk, stated that, "We are pleased to report improving financial performance for the first quarter. We expect to bring our financial reports to current status in June, reporting results for the second fiscal quarter ended March 31, having undertaken administrative measures to ensure that ePunk will remain current in its reporting status going forward. We are committed to maintaining transparency with our shareholders and to maximizing shareholder value in our pursuit of becoming a leading distributor to the North American power sports marketplace."
MTNOF - AME Info, Abu Dhabi, United Arab Emirates, telecommunications briefs
Jun 05, 2012 (AME Info - McClatchy-Tribune Information Services via COMTEX) -- IRAN TELCO OBTAINS BANNED US TECHNOLOGY: MTN Irancell, a joint venture between South Africa's MTN Group and an Iranian government-controlled consortium, has managed to obtain sophisticated US computer equipment despite sanctions that prohibit sales of American technology to Iran, Reuters has reported. The company bought equipment from Sun Microsystems, Hewlett Packard and Cisco Systems, the report said, citing documents and interviews. MTN owns 49 percent of the joint venture but provided the initial funding. "There's nothing you can get in the U.S. or Dubai that you can't get in Iran," Chris Kilowan, who was MTN's top executive in Iran from 2004 to 2007, told the news service. MTN's parent company, MTN Group, is directly involved in procuring US parts for MTN Irancell, which launched in 2006 and is now Iran's second-largest mobile-phone operator, he said.
NNMIF - Nearctic Nickel Mines Inc. - Press Release
TORONTO, Jun 5, 2012, 2012 (Canada NewsWire via COMTEX) -- Issued & Outstanding 29,211,290 Common Shares
Nearctic Nickel Mines Inc. (the "Company") reports that a Response to its Application for leave to appeal has been filed with the Supreme Court of Canada, as has a Reply thereof. The Application was the subject of the Company's May 1, 2012 Press Release. The Response and Reply will be attached to the Material Change Report to be filed in connection with this Press Release.
Caution Concerning Forward Looking Statements
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that that expectations of any forward looking statements will prove to be correct. Except as may be required by applicable securities law, the Company disclaims any intention and assumes no obligations to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
GMXS - Gemini Explorations, Inc. Reports Sampling Results for the La Tapada Gold Project
Vein samples ranging up to 243.77 g/tonne Au with an average of 25.87 g/tonne Au
FT. LAUDERDALE, FLORIDA, Jun 05, 2012 (MARKETWIRE via COMTEX) -- Gemini Explorations Inc, ("Gemini") (PINK SHEETS: GMXS) is very pleased to report the sampling results from the La Tapada Gold Project in the El Bagre-Zargoza mining district, department of Antioquia, Colombia. The samples were tested and analyzed at the SGS del Peru S.A.C. labs in Lima, Peru. SGS is recognized as an industry leader providing inspection, verification, testing and certification services anywhere in the world.
CGRIF - Canadian General Investments: Investment Update-Unaudited
TORONTO, CANADA, Jun 05, 2012 (MARKETWIRE via COMTEX) -- Canadian General Investments, Limited (TSX: CGI)(TSX: CGI.PR.B)(TSX: CGI.PR.C)(LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at May 31, 2012 was $20.95, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 2.8% and -10.7%, respectively. These compare with the -2.6% and -14.2% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
MRINA - McRae Industries, Inc. Dividend Declared
MOUNT GILEAD, N.C., June 5, 2012 /PRNewswire via COMTEX/ -- McRae Industries, Inc. (Pink Sheets: MRINA) declared a dividend of $.09 per share on the Company's Class A Common Stock payable on June 29, 2012 to shareholders of record on June 18, 2012.
SOURCE McRae Industries, Inc.
FQVLF - Zincore Appoints First Quantum Manager Mike Parker to Board of Directors
VANCOUVER, BRITISH COLUMBIA, Jun 05, 2012 (MARKETWIRE via COMTEX) -- Zincore Metals Inc. (TSX: ZNC)(LMA: ZNC) ("Zincore" or the "Company") is pleased to report that in conjunction with a recently announced strategic partnership with First Quantum Minerals, Mr. Mike Parker has joined the Zincore Board of Directors.
Mr. Parker has over 25 years' experience in the mining and exploration industry. He is currently managing First Quantum's activities in South America, including the development of the Haquira Project in Peru. Mr. Parker has worked for First Quantum Minerals for 15 years, primarily in Zambia and the Democratic Republic of Congo where he was involved in the discovery of the Frontier copper deposit. Whilst working for First Quantum Minerals, Mr. Parker held the posts of Exploration Manager for DRC and subsequently Country Manager for DRC. Prior to working for First Quantum Minerals, Mr. Parker worked for Digital Mining Services and for Foskor in South Africa. Mr. Parker holds a BSc in Mining Geology from the University of Leicester.
Zincore CEO and President, Jorge Benavides, commented, "We are delighted to have a mining professional of Mike's calibre and expertise join our Board. He brings significant exploration experience earned during a successful career that has included involvement in world class copper discoveries. He also brings particular knowledge gained from his work at First Quantum's Haquira deposit, which is located 40 kilometres west of the Dolores Copper Porphyry project we are exploring with First Quantum."
MDDWF - MDA to help train British Forces in use of Unmanned Aircraft Systems' information
RICHMOND, B.C, Jun 5, 2012, 2012 (Canada NewsWire via COMTEX) -- MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed a contract to provide training support to the British Army. The training support will include acquiring video using small Unmanned Aircraft Systems. The video will be transmitted in real-time to soldiers' remote terminals, allowing them to be trained in the tasking of surveillance aircraft and the use of the information collected. The training exercises will be conducted from June to October 2012, with an option for an additional year.
About MDA
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
CPOKY - CPF investing billions to make operations greener
Jun 06, 2012 (Bangkok Post - McClatchy-Tribune Information Services via COMTEX) -- Charoen Pokphand Foods Plc (CPF), the SET-listed flagship of the CP Group, has announced total spending of 4 billion baht to turn all of its 323 operations green within the next 3-5 years.
The move is partly to address rising demand by consumers for better food safety and alleviate their environmental concerns.
But it is also to comply with global requirements, especially in the EU, which is expected to enforce carbon labelling and footprint requirements in the coming years.
Adirek Sripratak, the president and chief executive, said 122 units or 37.8% now use green energy such as co-generation or biomass or make products that have a low carbon footprint.
CPF has spent 3 billion baht in the first phase begun a few years ago and will need another 1 billion to make the other 201 subsidiaries compliant, he said.
The company's 282 farms, 17 feedmills and 24 food production units will follow green practices in the next 3-5 years.CPF first used natural gas and biomass to fuel its co-generation power plants in 2008, to accommodate its chicken processing plant in Saraburi province.
TWNNF - ISS and Glass Lewis Recommend That Trelawney Shareholders Vote for the Plan of Arrangement With IAMGOLD
TORONTO, ONTARIO, Jun 05, 2012 (MARKETWIRE via COMTEX) -- Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX VENTURE: TRR)(FRANKFURT: RTW) announces that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have both recommended that shareholders vote FOR the special resolution to approve the plan of arrangement (the "Arrangement") between Trelawney and 2324010 Ontario Inc., a wholly-owned subsidiary of IAMGOLD Corporation ("IAMGOLD"), to be considered at the upcoming special meeting of shareholders of Trelawney to be held at 11:00 a.m. (Toronto time) on June 15, 2012, at the Toronto Board of Trade, 1 First Canadian Place, 3rd Floor, Toronto, Ontario, Canada.
Both ISS and Glass Lewis are independent proxy advisory firms who, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. In its analysis, ISS said that:
MRRTY - BRF: Notice to the Market
SAO PAULO, June 5, 2012 /PRNewswire via COMTEX/ -- Marfrig Alimentos S.A. ("Marfrig" - Bovespa: MRFG3; Level 1 ADR: MRTTY) and BRF - Brasil Foods S.A. ("BRF" - Bovespa: BRFS3; NYSE: BRFS) announce to the market and their shareholders the start of the execution of the Asset Swap Agreement and Other Covenants ("Agreement") entered into between the Companies on March 20, 2012 and the opinion issued by Brazil's antirust authority (Conselho Administrativo de Defesa Economica) on May 23, 2012, with the transfer from BRF to Marfrig of the industrial units located in Duque de Caxias (RJ) and Lajes (SC) and of the Distribution Centers located in Salvador (BA), Campinas (SP), Brasilia (DF) and Sao Jose dos Pinhais (PR). Approximately 3,800 employees were integrated and the processes and production information systems were connected to the management system of Seara Foods.
At the Extraordinary Shareholders' Meeting held on May 31, 2012, the shareholders of Quickfood S.A. approved, by unanimous vote, the segregation of certain meatpacking assets that were not included in the swap transaction, making Quickfood S.A. free to be transferred to BRF. Additionally, on June 1, 2012, Quickfood began to be managed by BRF, with the complete segregation of the information systems.
TMOAF - Fehr & Peers Launches ASAP Initiative to Harness Big Data for Better Transportation Decisions
WALNUT CREEK, Calif., Jun 05, 2012 (BUSINESS WIRE) -- Fehr & Peers's latest technical initiative, ASAP (asap.fehrandpeers.com), helps clients harness Big Data to make faster and better-informed decisions about their transportation investments.
The Big Data explosion is benefitting many industries, including transportation. However, agencies are struggling to understand how best to leverage this information amid their reality of declining resources. Fehr & Peers is uniquely positioned to help clients navigate these challenges by combining our wealth of experience in community-based transportation with our expertise in developing innovative transportation solutions that improve communities. Through strategic partnerships with organizations including AirSage, Google, INRIX, Mygistics, TomTom, and UC Berkeley, Fehr & Peers is developing new and better ways to harness Big Data to solve our client's most pressing transportation problems.
HXGBY - Hexagon: Update from Hexagon's Capital Markets Day
NACKA STRAND, Sweden, Jun 05, 2012 (BUSINESS WIRE) -- Regulatory News:
Hexagon AB (STO:HEXAB), leading global provider of design, measurement and visualisation technologies, hosts Capital Markets Day (CMD) in Las Vegas, Nevada and updates commentary around the existing financial plan and around the current business climate.
Hexagon's financial plan stretches to 2015 and includes a sales target of 3.5 billion EUR and an EBIT margin target of 25 per cent. At the CMD Hexagon specified that the sales target in the base case scenario is built upon the assumption that the core business Measurement Technologies grows at approximately 8 per cent per year over the period up until 2015. On top of this growth it is Hexagon's estimate that revenue synergies involving technologies from Intergraph will add another 100-200 MEUR in net sales over the period up until 2015. It was also disclosed that acquisitions may add between 200-600 MEUR in net sales over the planning period depending on the general business environment.
Hexagon also stated that the core business will improve its margin beyond today's level of 21 per cent and that the revenue synergies will have significantly higher margin than today's average margin since it primarily relates to software products. The acquisitions are in the model assumed to generate EBIT margins of above 15 per cent.
BISU - Dr. Chandrasekhar Mallangi -- Former Nestle Beverage Innovator and Product Lines Developer -- Named Chief Scientist at Bio-Solutions Corp
SAN ANTONIO, TX, Jun 05, 2012 (MARKETWIRE via COMTEX) -- Bio-Solutions Corporation (PINKSHEETS: BISU), a leading manufacturer of healthy lifestyle nutraceuticals, announced today that Dr. Chandrasekhar Mallangi will play a leading role in product development. This announcement comes at the advent of Bio-Solutions' launch of Type2 Defense(TM), a state-of-the-art functional beverage for the management of Type 2 diabetes.*
Dr. Mallangi -- the former principal product developer for food giant Nestle SA -- has been named Bio-Solutions' chief scientist. Mallangi comes to Bio-Solutions with unmatched expertise in product formulation and widespread esteem in the natural foods industry. His extensive experience complements Bio-Solutions' innovative healthy lifestyle products. Mallangi will be overseeing development and quality control as Bio-Solutions continues to formulate cutting-edge nutraceuticals.
Dr. Mallangi holds a Ph.D. in Food Science and Technology from Oregon State University and is a member of the prestigious Institute of Food Technologists. He is distinguished by over 35 years of experience in the development of dairy-based drinks, fruit and vegetable juices and a variety of innovative healthy-lifestyle products. For the past 25 years Mallangi managed the nutrition product development team at Nestle SA producing health care nutritional supplements and functional beverage lines including Carnation Instant Breakfast(TM) and the original Nestle Sweet Success(TM). The Bio-Solutions team welcomes Dr. Chandrasekhar Mallangi, enthusiastically hailing his past accomplishments while looking forward to what they anticipate to be an exciting collaboration in years to come.
FLTT - Flint Telecom Provides Corporate Update
OVERLAND PARK, Kan., Jun 5, 2012 (GlobeNewswire via COMTEX) -- via PRWEB - Flint Telecom Group, Inc. (http://www.flinttelecomgroup.com) (FLTT.PK), a telecoms technology and services organization, today provides the following corporate update to shareholders following completion of its strategic review period.
Vincent Browne, Chairman and CFO of Flint, stated, "2011 became much more challenging than was initially expected. The primary challenge was the Company's reliance on heavily discounted convertible debt to fund operations and the unexpected delay in the effectiveness of our Registration Statement on SEC Form S-1. This, coupled with the subsequent failure of the Kodiak funding process and the consistent stock price decline over the course of 2011, resulted in heavy dilution that ultimately made the Kodiak equity line unworkable. Management therefore did not complete any draws against this facility. As previously announced, management had anticipated that the funding available through the registration of shares for the $15 million Kodiak equity line would allow the Company to restructure its heavy debt burden over time, in a orderly fashion, and also to provide the capital required to deliver on its organic growth and acquisition plans as announced. On October 7, 2011 the Company determined to effect a termination of the registration of its common stock with the Securities and Exchange Commission (SEC) under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and suspend its reporting obligations under Section 15(d) of the Exchange Act, by filing a Form 15 with the SEC. This was done to reduce the costs of compliance and accounting while this review was ongoing."
AGUNF Ontario Superior Court Approves Settlement of Canadian Unitholder Class Action
WINNIPEG, MANITOBA, Jun 05, 2012 (MARKETWIRE via COMTEX) -- Arctic Glacier Income Fund (CNSX: AG.UN) today announced that Ontario Superior Court has approved the settlement of the class action lawsuit filed by unitholders of the Fund.
The settlement, announced on February 8, 2012, was subject to the approval by the Court. The Court Order found the settlement of $13.75 million to be fair and reasonable to the class members and approved the Settlement Agreement. The settlement will be entirely funded by Arctic Glacier's insurers, without the Fund making any admission of liability or making any monetary contribution to the settlement.
The class action named the Fund, its trustees, its operating company, Arctic Glacier Inc. and certain of its current and past senior officers and directors. The suit sought damages on behalf of all persons who acquired Arctic Glacier units between March 22, 2002 and September 16, 2008.
The Court Order approving the settlement and the Settlement Agreement provides for an opt-out period of 60 days for those class members who elect not to participate in the settlement. The opt-out period will begin to run from the date the Notice of Court Approval is published, which is expected to be June 13, 2012. The settlement is expected to become final and binding, including the release of all parties from all claims advanced in the class action, at the expiry of the opt-out period.
About Arctic Glacier
Arctic Glacier Income Fund, through its operating company, Arctic Glacier Inc., is a leading producer, marketer and distributor of high-quality packaged ice in North America, primarily under the brand name of Arctic Glacier(R) Premium Ice. Arctic Glacier operates 39 production plants and 47 distribution facilities across Canada and the northeast, central and western United States servicing more than 75,000 retail locations.
Arctic Glacier Income Fund trust units are listed on the Canadian National Stock Exchange under the trading symbol AG.UN. There are 350.3 million trust units outstanding.
SRSIF - Uranium Exploration: Mistissi Says "No" and Calls for a Moratorium
MISTISSINI, EEYOU ISTCHEE, Jun 05, 2012 (MARKETWIRE via COMTEX) -- The Chief of Cree Nation of Mistissini, Richard Shecapio, made it clear at the Canadian Nuclear Safety Commission's (CNSC) public hearing, held today (June 5) in Mistissini, that his community is firmly against uranium development in Eeyou Istchee. "We want to put an end to the question of uranium development once and for all, right now. We know where this is going and we don't want any uranium mining at all", said Chief Shecapio.
This hearing concerns Strateco Resources Inc.'s (Strateco) application for a licence to develop an underground exploration program at the Matoush Project, located approximately 260 kilometres north of Chibougamau, Quebec. In November 2010, the Cree Nation of Mistissini expressed that this project did not have the support of the community. This position was reasserted again in 2011. Today, the Chief confirmed that nothing has changed and that the Cree Nation of Mistissini's position on uranium remains unchanged.
A moratorium
Chief Shecapio explained that his Council intends to do "whatever it takes" to implement a moratorium on uranium development. "In light of the lack of social acceptability, cultural incompatibility and the lack of a clear understanding of the health and environmental impacts of uranium mining, it would be reckless for us as a people to move forward and allow the licensing of Strateco's advanced exploration project. We are seeking a moratorium on uranium mining and exploration on our traditional lands as well as in the province of Quebec ", said Chief Shecapio.
In his oral presentation at the hearings, Chief Shecapio explained that the Crees "have always been the guardians and protectors of the land and will continue to be. For the Crees of Mistissini, the land is a school of its own and the resources of the land are the material and supplies they need. Cree traplines are the classrooms. What is taught on these traplines to the youth is the Cree way of life, which means living in harmony with nature. This form of education ensures ou survival as a people. Any form of education that leads to survival is a high standard of education. Cree form of education teaches us to be humble, respectful, responsible, disciplined, independent, sharing and compassionate".
"Because our people are still active on the land, hunting, trapping and consuming the animals, we are concerned that traditional foods may become contaminated with radionuclides, posing a threat to those who eat them. High levels of radionuclides in moose and caribou tissues have been reported in animals near uranium mines. This indirect exposure can lead to serious health issues for the people who eat contaminated animalsgreater than greater than, expressed Chief Shecapio.
The CNSC, along with Canadian environmental agencies have concluded that this project presents low risk to the environmental and human health. This, however, has not been effectively demonstrated to the people of the Cree nation of Mistissini. If this project goes ahead, the perception of the contamination it will cause will permanently impact the relationship that the Cree of Mistissini have with their land with long term impacts on hunting, fishing and trapping.
No nuclear development
Another point Mistissini opposes is Quebec's investment in the future of nuclear energy. "We do not believe that nuclear energy, which is the primary use for uranium in Canada, is a sustainable form of energy. We do not want to see a resource extracted from our land be responsible for causing pollution and waste. We do not want this to be our impact on the world. The Crees have already sacrificed a great deal, including their rights and their land, for one source of clean and abundant renewable energy: hydroelectricity", added Richard Shecapio.
Lack of communication
Although still in the early phases of its implementation, Strateco's efforts to engage the community since the signing of the CIA have not been, and remain out of synch with the community's expectations. "We signed a Communication and Information Agreement with Strateco in December in good faith, in order to give them the opportunity to do what they should have been doing since 2006 : to address my people's concerns with this project. Nothing, however has changed since the signing of the agreement. Strateco does not have and has never had our support for the Matoush project despite what they may have announced to their investors", said Chief Shecapio.
Uranium mining is not locally accepted in Eeyou Istchee. It was standing room only in the arena where the June 5th hearing was held with community members unable to attend tuning in from home and work to listen to the proceedings on the local FM radio.
"Strateco Resources is far from having the Cree Nation of Mistissini's consent to proceed with this project. We hope for the recognition and respect of our community's concerns and position by the Commission Tribunal in taking its final decision on the issuance of a license to Strateco Resources", concluded Richard Shecapio.
About the Cree Nation of Mistissini
The Cree Nation of Mistissini is one of the largest Cree communities of the James Bay Crees of Quebec, Canada, and is situated at the southeast end of Mistassini Lake. The Council of Mistissini consists of a Chief, a Deputy Chief and seven elected Councillors.
TCLRY - ISS Recommends Technicolor Shareholders to Vote for Vector Capital's Offer and against the JPMorgan Transaction
SAN FRANCISCO, June 5, 2012 /PRNewswire via COMTEX/ -- Vector Capital, a leading global technology investment firm, is announcing that Institutional Shareholder Services (ISS), a leading independent proxy voting advisory firm, issued a report on June 4, 2012 which recommends that Technicolor shareholders vote FOR Vector Capital's offer and AGAINST the transaction with JP Morgan Chase & Co. and One Equity Partners (the "JPMorgan Transaction").
In its conclusion about the offer, ISS stated, "Vector Capital's offer would provide superior economic and strategic benefits to Technicolor and its shareholders as it would give the company substantially more proceeds to strengthen the balance sheet and repay debt. In addition, Technicolor would benefit from Vector Capital's expertise in the technology sectors including digital media. Therefore, Vector Capital's offer merits shareholders' support." Technicolor's annual general shareholder meeting takes place on June 20.
Alex Slusky, Managing Partner and Chief Investment Officer of Vector Capital said: "Vector Capital firmly believes that the ISS recommendation further supports our view that Vector Capital's offer is superior to the JPMorgan Transaction and is in the best interest of Technicolor and its shareholders. Vector Capital's offer will not only provide Technicolor with more capital, but also the benefit of having a large shareholder with deep expertise and a successful investment track record in technology and digital media. Vector Capital urges all Technicolor shareholders to follow ISS' recommendation and vote for proposals A-F and against proposals 8-14."
The benefits of Vector Capital's offer include:
Subscription to the reserved capital increase at a price of euro 1.90 per share, a 19% premium compared to the JPMorgan Transaction's reserved capital increase price of euro 1.60 per share.
A larger rights offering component which lowers the dilution to Technicolor's current shareholders by as much as 28.3%.
Total proceeds of up to euro 186.4 million, euro 28.7 million more proceeds to Technicolor (18.2% higher) than the maximum proceeds that Technicolor could receive in the JPMorgan Transaction.
A weighted average price of euro 1.71 to euro 1.73 per share issued, an approximately 8% premium to the JPMorgan Transaction of euro 1.59 per share issued, assuming 0 to 100% shareholder subscription to the rights offering.
Vector Capital has the deep industry and operational expertise required to assist Technicolor in executing its 'Amplify 2015' strategic roadmap and generating shareholder value.
Vector Capital will have exclusive focus on increasing shareholder value without conflict of interest from other internal business lines trying to generate fees from Technicolor.
SQNXF - Square Enix Announces AGNI'S PHILOSOPHY, A Real Time Tech Demo, at E3
LOS ANGELES, June 5, 2012 /PRNewswire via COMTEX/ -- Square Enix Co., Ltd. (Square Enix) today announced AGNI'S PHILOSOPHY, a real time technical demonstration movie that utilizes cutting edge game development technology. The demo is being presented on June 5th (PST) at its debut at E3 2012 in Los Angeles. The movie will also be available soon on its website below.
To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/56659-square-enix-agni-s-philosophy-real-time-tech-demo-game-development-movie
(Logo: http://photos.prnewswire.com/prnh/20120604/LA17846LOGO)
AGNI'S PHILOSOPHY URL: http://www.AgnisPhilosophy.com
AGNI'S PHILOSOPHY (herein referred to as the demo video) was produced with LUMINOUS STUDIO, Square Enix's game production environment (engine) for creating next generation quality games. The LUMINOUS STUDIO engine is currently in development internally at Square Enix.
Thanks to the LUMINOUS STUDIO engine, the demo video can depict high quality "real time computer graphics" (*1) at the same level as "pre-rendered computer graphics" (*2). The fine details of the characters, who express life-like humanity, are showcased through their rich facial expressions, subtleties of their pupils and hair, and their brilliantly flowing garments. The characters, along with the vibrant monsters, transport the viewer into the world created by the LUMINOUS STUDIO engine.
Furthermore, the demo video production was created through the lens of the FINAL FANTASY series, where ancient magic and advanced science coexist in a near-futuristic world. The video depicts a life-changing encounter for our heroine, the magic-wielding protagonist Agni.
The LUMINOUS STUDIO game engine aims to bring about greater productivity within game production teams, while simultaneously offering an environment to create games of fantastic quality. Furthermore, the LUMINOUS STUDIO game engine is planned to support game consoles, PC, smartphones, and the web, encapsulating the many platforms of the next generation of quality.
AGNI'S PHILOSOPHY showcases the level of quality that Square Enix is aiming for in next generation games.
MKGAY - Dr. Reddy's Laboratories Ltd. and Merck Serono Announce Collaboration to Develop and Commercialize Biosimilars
Combined expertise of Dr. Reddy's and Merck Serono to deliver on promise of Biosimilars
HYDERABAD, India, Jun 06, 2012 (BUSINESS WIRE) -- Dr. Reddy's Laboratories Ltd. (NYSE:RDY) and Merck Serono, a division of Merck KGaA, Darmstadt, Germany, announced today a partnership to co-develop a portfolio of biosimilar compounds in oncology, primarily focused on monoclonal antibodies (MAbs). The partnership covers co-development, manufacturing and commercialization of the compounds around the globe, with some specific country exceptions.
Dr. Reddy's has been a pioneer and leader in the biosimilars space through proven product development capabilities and the launch of four biosimilars molecules to date. The partnership with Merck Serono expands on Dr. Reddy's presence in the biosimilar space in select emerging markets and enables participation globally.
G. V. Prasad, Vice-Chairman and CEO of Dr. Reddy's Laboratories, said, "We strongly believe that biosimilars is an important area of future growth and these products give us the opportunity to provide affordable and innovative medicines to patients across the globe. With the recent EMA and FDA guidance on biosimilars, it is clear that any significant player in the field will need strong biologics development, manufacturing and commercialization capabilities. Merck Serono's and Dr. Reddy's joint expertise in these fields makes for a powerful global partnership."
"Our expertise in developing, manufacturing, and commercializing biopharmaceuticals gives us a clear advantage in the biosimilars field, and the partnership with Dr. Reddy's will bring their first-in-market experience in biosimilars, as well as their expertise in generics and Emerging Markets, to the table," added Stefan Oschmann, Chief Executive Officer of Merck Serono. "Sharing know-how, risks and rewards is the right approach to enter the emergent biosimilars market and will be a win-win for both parties. It further strengthens Merck Serono's promise to live science and transform lives, by increasing access to quality medicines for patients, physicians and payers."
The deal structure calls for Merck Serono and Dr. Reddy's to co-develop the molecules included in the agreement. Dr. Reddy's will lead early product development and complete Phase I development. Upon completion of Phase I, Merck Serono will take over manufacturing of the compounds and will lead Phase III development. The agreement is based on full R&D cost sharing.
Merck Serono will undertake commercialization globally, outside the US and with the exception of select emerging markets which will be co-exclusive or where Dr. Reddy's maintains exclusive rights. Dr. Reddy's will receive royalty payments from Merck Serono upon commercialization. In the US, the parties will co-commercialize the products on a profit-sharing basis. Additional terms of the deal were not disclosed.
RHJIF - RHJ International: Kleinwort Benson Group's Contemplated Acquisition of BHF-Bank Progressing
BRUSSELS, BELGIUM, Jun 06, 2012 (MARKETWIRE via COMTEX) -- RHJ International (the "Company") confirmed today that its wholly owned subsidiary Kleinwort Benson Group has secured the support of co-investors to finance the acquisition of BHF-Bank. Kleinwort Benson Group has entered into an informal review process with the German Federal Financial Supervisory Authority (BaFin).
About RHJ International:
RHJ International (Euronext: RHJI) is a limited liability company incorporated under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. The company is transforming itself from a diversified industrial holding company into an active and dynamic financial services group. For further information visit: www.rhji.com.
This press release contains, or may contain, certain forward-looking statements concerning the Company's operations, economic performance and financial condition. Such forward-looking statements are based on management's current expectations, estimates and projections and are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The Company has no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release.