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CEO and President of Casey Container to Be Featured on CEO Central Radio
Internet Broadcasted Interview and Interactive Q&A To Be Aired Tonight at 08:00 PM ET
Dec. 7, 2010 (PR Newswire) --
SCOTTSDALE, Ariz., Dec. 7, 2010 /PRNewswire/ -- Casey Container Corp. (OTC Bulletin Board: CSEY) today announced that the Company's CEO and President, Martin Nason, will be featured on CEO Central Radio, to be aired live on www.blogtalkradio.com/ceocentral tonight beginning at 8:00 PM Eastern Time.
Nason will discuss how Casey Container is able to produce truly biodegradable PET, HDPE and other polymer products that break down into harmless bio-gases and bio-mass over time in anaerobic environments like landfills, by introducing EcoPure®, a revolutionary second-generation proprietary and organic additive, into the manufacturing process. In addition, he is expected to comment on the Company's receipt of its first two purchase orders from U.S.-based bottled water companies. Nason will also engage listeners in a live, interactive question and answer session, which can be accessed from the main room at http://stocktraderschat.com. A taped recording of the interview will be archived and available on www.ceocentral.com shortly after the conclusion of the live Internet broadcast.
CEO Central is a web resource portal that endeavor to provide corporate executives, investment professionals and individual investors with highly interactive access, insight and perspective into emerging public companies and best corporate governance practices through the delivery of a broad range of investor awareness products and services, including featured articles, exclusive real-time interviews, competitive stock analysis and other educational tools and information. For more information on CEO Central, please contact Michael B. Jordan, Director of Marketing, at 352-794-6052 or email him at mike@ceocentral.com.
About Casey Container Corp.
Headquartered in Scottsdale, Arizona, Casey Container is engaged in the design and custom manufacture of biodegradable PET, HDPE and other plastic polymer preforms and containers for use in the bottled water, beverage and consumer products industries. The Company is committed to developing container products that meet clients' demands while addressing society's most fundamental environmental issues concerning proliferation of plastic pollution. The Company offers its biodegradable plastic packaging solutions using the breakthrough science and additive of the EcoPure® technology. For more information on Casey Container, please visit the Company's web site found at www.caseycontainer.com. You can also follow the Company on Twitter @casey_container or become a fan on Facebook at Casey Container Corp.
SOURCE Casey Container Corp.
Source: PR Newswire (December 7, 2010 - 3:55 PM EST)
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Far East Wind Power to Present at 3rd Annual LD MICRO Conference
Dec. 7, 2010 (Marketwire) --
BEIJING -- (Marketwire) -- 12/07/10 -- Far East Wind Power Corp. (OTCBB: FEWP) ("Far East" or the "Company") announced today that Marcus Laun, Director of the company will present at the 3rd Annual LD MICRO Growth Conference, which is being held on Thursday, December 9th, 2010, at the Luxe Sunset Bel Air in Los Angeles. The presentation will take place at 8:00 AM PST.
Investors who are interested in additional information or who want to schedule a one-on-one meeting with Far East Wind Power at this conference should contact Jim Blackman at 713-256-0369 or email jim@prfmonline.com.
About Far East Wind Power Corp. (OTCBB: FEWP)
Far East Wind Power Corp. aims to generate clean and profitable energy in one of the world's fastest growing energy sectors through access to a portfolio of utility-class wind power development projects. Far East will inject innovation to drive cost out of turbine manufacturing, introduce new technologies and strategic relationships, and aggressively pursue all available low costs of capital to deliver the most competitive cost per capacity and highest rates of return in the Asian marketplace. For more information, visit: www.fareastwind.com.
About LD MICRO
LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor.
For more information on the list of presenting companies or to register for the event, please visit http://www.ldmicro.com or call (408) 457-1042.
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Contact:
PR Financial Marketing, LLC.
Investor Relations
Jim Blackman
713-256-0369
Jim@prfmonline.com
Source: Marketwire (December 7, 2010 - 2:02 PM EST)
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Far East Wind Power to Present at 3rd Annual LD MICRO Conference
Dec. 7, 2010 (Marketwire) --
BEIJING -- (Marketwire) -- 12/07/10 -- Far East Wind Power Corp. (OTCBB: FEWP) ("Far East" or the "Company") announced today that Marcus Laun, Director of the company will present at the 3rd Annual LD MICRO Growth Conference, which is being held on Thursday, December 9th, 2010, at the Luxe Sunset Bel Air in Los Angeles. The presentation will take place at 8:00 AM PST.
Investors who are interested in additional information or who want to schedule a one-on-one meeting with Far East Wind Power at this conference should contact Jim Blackman at 713-256-0369 or email jim@prfmonline.com.
About Far East Wind Power Corp. (OTCBB: FEWP)
Far East Wind Power Corp. aims to generate clean and profitable energy in one of the world's fastest growing energy sectors through access to a portfolio of utility-class wind power development projects. Far East will inject innovation to drive cost out of turbine manufacturing, introduce new technologies and strategic relationships, and aggressively pursue all available low costs of capital to deliver the most competitive cost per capacity and highest rates of return in the Asian marketplace. For more information, visit: www.fareastwind.com.
About LD MICRO
LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor.
For more information on the list of presenting companies or to register for the event, please visit http://www.ldmicro.com or call (408) 457-1042.
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Contact:
PR Financial Marketing, LLC.
Investor Relations
Jim Blackman
713-256-0369
Jim@prfmonline.com
Source: Marketwire (December 7, 2010 - 2:02 PM EST)
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Tonogold Resources, Inc.: New Drilling Program at Tonopah Divide, Nevada
Dec. 7, 2010 (GlobeNewswire) --
LA JOLLA, Calif., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Tonogold Resources, Inc. (Pink Sheets:TNGL) announced the commencement of a new drilling program at the Tonopah Divide gold project, which is located five miles south of the town of Tonopah, Nevada.
Centerra (U.S.), Inc., a subsidiary of Centerra Gold Inc. (TSX:CG), is managing the exploration program as part of the Mining Venture with Tonogold Resources, Inc. which was formed in March 2010.
The drilling program will consist of eight to ten holes for an approximate total of 9,800 feet of reverse circulation drilling. Diversified Drilling of Missoula, Montana is the drilling contractor. The first hole was begun on Sunday, November 28, 2010.
Centerra has conducted four previous drilling programs on the property from 2008 to 2010 totaling 69 holes and 63,955 feet of reverse circulation drilling.
The current program will follow up favorable results from the drilling this summer and will include drilling on the Combination, North Monte Cristo, Ruby Hill and New Divide Extension targets.
In particular, five new holes will be drilled on the Combination target to test for thicker and higher grade mineralization at depth and to test a parallel structure to the north.
Including the new drilling program, it is estimated that equity interests in the Mining Venture will be Centerra 70% and Tonogold 30%.
Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California. For more information on the Company visit their website www.tonogold.com.
Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking information about Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, some of our managers lack formal training in the mining business, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our rights through leases and the Mining Law, changes to the Mining Law may increase the cost of doing business, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold and silver are commodities which have substantial price fluctuations, a drop in gold and/or silver prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
CONTACT: Tonogold Resources, Inc.
Jeff Janda
jeff@tonogold.com
Jerry Samaras
858-456-1273
www.tonogold.com
Source: Globe Newswire (December 7, 2010 - 8:00 AM EST)
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Sulliden Announces 2011 Exploration Program
Dec. 7, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 12/07/10 -- Sulliden Gold Corporation Ltd. ("Sulliden", the "Company") (TSX: SUE)(OTCQX: SDDDF) is pleased to announce that based on the continuing success of the current drilling campaign it plans to undertake the largest exploration program ever initiated at the Shahuindo Gold Project in northern Peru. The Company plans to complete approximately 70,000 meters of drilling in 2011, almost doubling the total meters drilled since the discovery of the project in 1992.
In addition to the continued drilling on the Central Corridor, the 2011 exploration program will include seven major new target areas designed to expand the current mineralized envelope, identify potential new mineral resources and further define the magnitude of the hydrothermal gold system at Shahuindo.
Sulliden currently has a strong cash position, and is sufficiently funded to complete the planned exploration activities, engineering studies, required permitting and general administrative costs until a mine development decision.
Peter Tagliamonte, President and CEO of Sulliden, commented, "Sulliden will be undertaking the largest exploration program ever conducted on the Shahuindo Property. 2011 will mark significant milestones for Sulliden, with continuous exploration activity and paralleled engineering studies to progress the development of the Shahuindo Project. We anticipate that the target areas we have outlined will continue to demonstrate an expanding mineral system on the Shahuindo property, which we believe, if successful, would change the class of this project."
Stephane Amireault, VP Exploration of Sulliden, commented, "We are very optimistic about the targets we have set out for our 2011 exploration program. Exploration success in the Central Corridor extensions, the North and South corridors and the sulphides could represent a significant magnitude of growth to this project and we look forward to reporting the progress of this exploration program throughout 2011."
2011 Exploration Campaign
The 2011 exploration program will focus on the following areas:
Central Corridor - Continued Mineral Expansion; Mineral system remains open in all directions
With ongoing exploration success demonstrated in the Central Corridor, Sulliden will continue to conduct expansion drilling along its currently defined 3.8 kilometer strike length. The gold mineralized system still remains open in all directions and further drilling will aim to define its magnitude.
North-West and South-East Extensions - Representing a potential 60% increase to known Central Corridor Strike Length
The Company will also be targeting the new extension discoveries of the Central Corridor, which represent a potential 60% increase to the known mineral strike length. Sulliden plans to drill the 800 meter South-East extension, identified by geophysics, and will conduct an IP survey in the North-West extension of the Central Corridor of over 1,600 meters in defined length. Exploration success in these extensions could represent a growth to a 6.2 kilometer strike length from the known 3.8 kilometers.
Sulphide Mineral Resource - Strong Potential for a Significant Magnitude of Growth
The Company will be conducting a program of deeper drill holes along the 3.8 kilometer strike length of the Central Corridor with the intention of demonstrating the presence of significant sulphide mineralization below the known oxide resource. The oxide mineralization in the Central Corridor outcrops on surface and has been defined by drill holes averaging approximately 110 meters in depth. Exploration results from these holes have clearly and consistently demonstrated that the mineral resource is found in generally vertical mineral envelopes that extend from the oxide mineralization at surface to the sulphide mineralization at depth. To date, only one deep hole at Shahuindo has been drilled in the West Zone (See longitudinal section of Central Corridor in Figure 2), which intersected sulphide mineralization at 400 meters below surface. The program will aim to explore the sulphide mineralization, which could represent a significant magnitude of growth for the Shahuindo Gold Project.
North and South Corridors - Virtually Undrilled Mineral Structures paralleling the Central Corridor
In June 2010, third party geological consultant, Dr. Robert Hodder, completed a petrographic study on the Shahuindo project (available on the Sulliden website) that placed the Shahuindo mineral system in a geological framework that suggested the possibility of several other mineral structures parallel to the Central Corridor. Two such structures, the North and South Corridor, have been identified however virtually no drilling has been conducted in these areas. Six historical holes were drilled in the North Corridor, of which four intersected ore grade mineralization; and four historical holes were drilled in the South Corridor, of which two intersected ore grade mineralization. These two parallel zones represent promising exploration target areas, which if successful could significantly expand the current mineral resource defined on the property.
Atimsa Option and North-West Anomaly - 8,000 hectares of unexplored terrain
Sulliden will be initiating ground exploration work on the 7,400 hectare Atimsa option located to the North-East of its mining concession, as well as on a large geochemical anomaly identified to the North-West of the Central Corridor.
To view Figure 1 - 2011 Exploration Targets, please visit the following link: http://media3.marketwire.com/docs/sue1207fig1.jpg.
To view Figure 2 - Longitudinal Section A-B highlighting the sulphide target, please visit the following link: http://media3.marketwire.com/docs/sue1207fig2.jpg.
Qualified Person
Exploration at the Shahuindo Gold Project is being conducted under the supervision of Mr. Stephane Amireault, P.Eng., who is the Company's Qualified Person as defined by NI 43-101. Mr. Amireault has reviewed and approved the contents of this news release.
About Sulliden Gold Corporation Ltd.
Sulliden is a Canadian-based mining company focused on the exploration and development of its wholly owned Shahuindo Gold Project, located in Peru. This project is located in one of the world's most prolific gold producing districts and is home to world-class gold mines including Barrick Gold's Lagunas Norte Mine, 30 km to the south, and the Yanacocha Mine operated by Newmont Mining Company, 80 km to the north; both million-ounce per year producing mines. A positive Preliminary Assessment for the Shahuindo Gold Project was completed in December 2009 and a Feasibility Study is currently underway. While the Company progresses towards its goal of reaching production in 2012, a significant focus is being placed on exploration drilling to expand the mineral resource, which remains open in all directions and at depth. Sulliden is led by a strong management team with the proven ability to develop, finance and operate mining projects and is poised to generate superior value for its shareholders.
On behalf of Sulliden Gold Corporation Ltd.
Peter Tagliamonte Stan Bharti
President and CEO Chairman
For further information on Sulliden please visit the company website at www.sulliden.com.
If you would like to be added to Sulliden's news distribution list, please send your email address to contact@sulliden.com.
Caution regarding forward-looking information:
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the size and quality of the company's mineral resources, progress in development of mineral properties, future capital and operating expenses, capital and mine production costs, future metal prices and treatment and refining charges, the prospective mineralization of the properties and planned exploration programs, the issue of permits. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; and other risks of the mining industry and these risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Contacts:
Sulliden Gold Corporation
Caroline Arsenault
Investor Relations Manager
(416) 861-5805
Sulliden Gold Corporation
Scott Moore
Vice President Corporate Development
(416) 861-5903
www.sulliden.com
Source: Marketwire (December 7, 2010 - 7:30 AM EST)
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Swisher Hygiene Acquires Vancouver Franchisee
Dec. 7, 2010 (GlobeNewswire) --
CHARLOTTE, N.C., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc. ("Swisher Hygiene") (TSX:SWI), a leading full-service hygiene solutions provider, today announced that it has acquired the hygiene and chemicals business operated by Lasfam Investments Inc. ("Lasfam"), its Vancouver, British Columbia franchisee.
Lasfam operates a restroom hygiene business under the trade name of "Sani-Service", providing its customers top-shelf regularly scheduled service designed to improve the cleanliness and appearance of their facilities. The company, founded in 1995 by Elliot Laskin, and a franchisee since, details porcelain and chrome fixtures, applies germicide retardant surfaces and supplies paper, soap and air-fresheners on an on-demand basis in order to help customers reduce the amount of inventory they need to carry and ensuring that dispensers are properly maintained. Recently, the company has expanded into the chemicals business, where it has identified an opportunity to add new products through its distribution channels.
"I am very happy to be moving on to new challenges and am pleased to be leaving the business in Swisher's hands," said Mr. Laskin.
"We continue to execute on our business plan and the acquisition of our Vancouver franchisee's business is an integral part of expanding our presence in Canada and North America," added Steve Berrard, Chief Executive Officer of Swisher Hygiene. "This builds on our previously announced acquisitions of three franchisees of Swisher Hygiene located in Toronto, Calgary and Edmonton, each of which operate under the Sani-Service brand."
Total consideration paid for by Swisher in connection with the acquisition includes $1,680,000 in cash, the assumption of certain liabilities and the issuance of a convertible promissory note which may be converted into a maximum of 1,027,122 shares of Swisher Hygiene common stock subject to certain restrictions, including acceptance by the Toronto Stock Exchange.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this news release, including any information as to the future financial or operating performance of Swisher Hygiene, constitute "forward-looking information" or "forward-looking statements" within the meaning of certain securities laws, including the provisions of the Securities Act (Ontario) and are based on the expectations, estimates and projections of management as of the date of this news release unless otherwise stated. Forward-looking statements include, but are not limited to, possible events and statements with respect to possible events. The words "plans," "expects," "is expected," "scheduled," "estimates," or "believes," or similar words or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will be taken," "occur," and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Swisher Hygiene as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of Swisher Hygiene contained in this news release, which may prove to be incorrect, include but are not limited to, the various assumptions set forth herein as well as: (1) the accuracy of management's assessment of the effects of the successful completion of the transaction; (2) the trading price of Swisher Hygiene's common shares; and (3) there being no significant disruptions affecting Swisher Hygiene's operations, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise. All of these assumptions have been derived from information currently available to Swisher Hygiene including information obtained by Swisher Hygiene from third-party sources. These assumptions may prove to be incorrect in whole or in part. All of the forward-looking statements made in this news release are qualified by the above cautionary statements and those made in the "Risk Factors" section of Swisher Hygiene's registration statement on Form 10 filed with the Securities and Exchange Commission,the "Risk Factors" section of the most recently filed management information circular of CoolBrands International Inc. dated September 24, 2010 and Swisher Hygiene's other filings with Canadian securities regulators which are available on Swisher Hygiene's SEDAR profile at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect Swisher Hygiene.
The forward-looking information set forth in this news release is subject to various assumptions, risks, uncertainties and other factors that are difficult to predict and which could cause actual results to differ materially from those expressed or implied in the forward-looking information.
Swisher Hygiene disclaims any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law.
About Swisher Hygiene Inc.
Swisher Hygiene Inc., formerly known as "CoolBrands International Inc.", is a TSX-listed company that provides hygiene solutions to customers throughout much of North America and internationally through its global network of 67 company-owned operations, 12 franchises and 10 master licensees covering the United Kingdom, Ireland, Portugal, the Netherlands, Singapore, the Philippines, Taiwan, Korea, Hong Kong/Macau/China, and Mexico. These solutions include products and services that are designed to promote superior cleanliness and sanitation in commercial environments, enhancing the safety, satisfaction and well-being of employees and patrons. Swisher Hygiene serves customers in a wide range of end-markets, with a particular emphasis on the foodservice, hospitality, retail, industrial and healthcare industries across North America.
CONTACT: Swisher Hygiene Inc.
Investor Contact:
Amy Simpson
(704) 602-7116
ICR
Don Duffy
(203) 682-8215
Media Contact:
Alecia Pulman
(203) 682-8332
Source: Globe Newswire (December 7, 2010 - 7:30 AM EST)
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Molycor Gold Corp.: Wardrop Awarded Preliminary Economic Assessment Contract
VANCOUVER, BRITISH COLUMBIA, Dec. 7, 2010 (Marketwire) -- Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) ("Molycor" or the "Company") is pleased to announce it has engaged Wardrop, a Tetra Tech Company (Wardrop), the contract to complete a Preliminary Economic Assessment Study for the 100% owned Tami-Mosi Magnesium Project, located 6.5 km east of Ely, Nevada.
Wardrop will be assembling a team and assigning qualified persons to complete the scope of work for the NI 43-101 preliminary economic assessment study. The work will include project management, geology, mining, metallurgical processing, environmental considerations, financial analysis, capital and operating cost estimates.
The preliminary economic assessment study is to be based on the NI 43-101 Inferred Resource Study by N. Tribe and Associates of Kelowna, BC as reported July 7, 2009 that quotes 236,183,772 tonnes of an inferred resource at a grade of 10% Mg.
The NI 43-101 Resource Study Estimate at an 8% Mg cut-off is summarized as follows:
----------------------------------------------------------------------
INFERRED RESOURCE CALCULATIONS FOR THE TAMI-MOSI
----------------------------------------------------------------------
TONNAGE GRADE POUNDS
Tonnes % Mg Mg
----------------------------------------------------------------------
INFERRED RESOURCE 236,183,772 10 51,748,568,012
----------------------------------------------------------------------
About Wardrop (www.wardrop.com)
Wardrop is a multi-disciplined consulting and engineering firm that provides innovative solutions for the natural resource management, energy and infrastructure markets globally. Wardrop currently has 1,200 employees who work collaboratively throughout its North American and overseas operations.
Wardrop is part of Tetra Tech (www.tetratech.com) a leading provider of consulting, engineering, program management, construction and technical services. The combined companies have more than 12,000 employees worldwide and capabilities that span the entire project lifecycle.
About Magnesium
Magnesium is a widely used industrial metal categorized by its light weight and the supply of has undergone dramatic change. The production of the metal from source has almost ceased in Canada and the United States with only one company in Utah remaining. The Chinese now produce 7/8 of the world's primary supply. The total world production is estimated at approximately 800,000 metric tonnes (2008 USGS). This distortion of the market has led to dumping charges and the incidence of an import duty in the United States; this dependence on virtually only one foreign source presents opportunity. The price of magnesium is currently US$3,300 a metric tonne or US$1.50 lb (Minor Metals). The metal has enjoyed a favorable price for decades and has reached US$6,000 a metric tonne in times of demand.
Molycor's Goal
The Company plans to advance the Tami-Mosi project toward prefeasibility and feasibility studies over the next eighteen months.
About Molycor Gold Corp:
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
This news release was reviewed by John W. Fisher, P.Eng, a qualified person recognized under NI 43-101.
On Behalf of Management
Edward Lee, President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various 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. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Molycor Gold Corp. President 604-531-9639 604-531-9634 (FAX) info@molycor.com www.molycor.com
Source: Marketwire Canada (December 7, 2010 - 6:01 AM EST)
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Clenergen Enters Into a Public Private Partnership With National Power Corporation to Supply 10MW/h Off Grid Electricity in the Philippines
Dec. 7, 2010 (Marketwire) --
MANILA, PHILIPPINES -- (Marketwire) -- 12/07/10 -- Clenergen Corporation (OTCQB: CRGE)(FRANKFURT: 9CE) announced today that it had signed a Memorandum of Agreement with National Power Corporation (NPC) for generating off grid gasification biomass electricity and conclude, under a separate agreement, a 10 MW/h Consolidated Power Purchase Agreement. It is forecast that Clenergen would receive over $12 million annually in circa income and reduce NPC's operating costs by as much a $7 million per annum as a result of a reduction in the dependence of diesel generated electricity.
NPC's off-grid power development program aims to accelerate financing, construction and government infrastructure projects in its island economies. The 10 MW/h Agreement will cover the power needs of the Romblon cluster of islands totaling over 5 MW/h, Kalinga with at least 1.5 MW/h and the balance allocated for Palawan off-grid areas and other territories as mutually decided upon between NPC and Clenergen, as directed under the Public-Private Partnership program with the Philippine Government.
Commenting in the Agreement, Mark Quinn, Executive Chairman of Clenergen said "The Philippines continues to emerge as one of our most important emerging markets for renewable electricity. The combination of ideal climatic conditions for the cultivation of dedicated energy crops and improving investor credit ratings has positioned our company for explosive growth in this region".
National Power Corporation President Tampinco commented "Clenergen continues to pioneer in an alternative energy system that we see can help generate sustainable economies in our islands. We welcome this type of initiative to help diversify and balance our sources of power".
About Clenergen Corporation
Clenergen Corporation is a publicly-traded company with its common stock quoted in the USA on the OTCQB Market (Symbol: CRGE) and in Germany on the First Quotation Board, Open Market of the Frankfurt Stock Exchange (Symbol: 9CE) Clenergen offers strategic clean energy generation and supply of biomass feedstock to address the requirement for renewable and sustainable supplies of electricity. Clenergen has developed a unique modular system for gasification and localized plantation management. Clenergen also plans to provide biomass feedstock for producing wood pellets for co firing with coal to produce low emission electricity.
Clenergen Corporation uses biomass feedstock to implement sustainable supplies of clean energy for captive end users, islands, mining companies, government or privately-owned power grid systems and other end users. The "Distributed Environmental Power System" marries significant proprietary advancements in plant science with proven long standing engineering technologies to achieve this goal. For further information on Clenergen Corporation and its products and services, go to: www.clenergen.com.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). To the extent that any statements made in this press release contain information that is not historical, these statements are essentially forward-looking. Forward-looking statements can be identified by the use of words such as "expect," "plan," "will," "may," "anticipate," "believe," "should," "intend," "estimate," and variations of such words. Forward-looking statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, those risks and uncertainties contained in this press release and those identified in the periodic reports that the company files with the Securities and Exchange Commission (the "SEC") pursuant to the Exchange Act.
Contacts:
Clenergen Corporation
Jessica Hatfield
0044 (0)207 739 0028
jhatfield@clenergen.com
www.clenergen.com
Source: Marketwire (December 7, 2010 - 5:11 AM EST)
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Quantum Announces Airborne Geophysical Survey of Elk Creek Carbonatite
VANCOUVER, BRITISH COLUMBIA, Dec. 7, 2010 (Marketwire) -- Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(PINK SHEETS:QREDF)(FRANKFURT;BR3) ("Quantum", the "Company") is pleased to announce that it has retained the services of Fugro Airborne Surveys Corp. of Ottawa, Ontario for a high-resolution airborne gravity and magnetic survey of the Elk Creek Carbonatite, located in southeast Nebraska.
The Elk Creek Carbonatite is an intrusive complex of carbonatite and related rocks, and is host to significant niobium and rare earth element (REE) mineralization. The property was held under an option agreement during the 1970's and 1980's by Molycorp Inc., at which time considerable exploration of the project took place. At least 113 core holes were completed within the outline of the seven-kilometre-diameter geophysical anomaly, with 25 holes completed within a core zone, where high-grade niobium mineralization was identified. Based upon the exploration a historic resource estimate of "39.4 million tons of 0.82 per cent Nb2O5, and is open to the north, west and at depth", was prepared by Molycorp Inc. for this core zone (Molycorp internal memorandum, Feb. 5, 1986).
In addition to the historic core zone of niobium mineralization, anomalous niobium and REE mineralization was identified during the wide-spaced exploration drilling of the property by Molycorp Inc. Highlights include:
-- Hole EC-40, northeast of the Core Zone, intersected 24.4 metres of 0.65
per cent Nb2O5, and 0.31 per cent rare earth oxides (REO);
-- Hole EC-55, within the Western Anomaly, intersected 192 m of 1.31 per
cent REO's, including 33.5 m of 2.09 per cent REO's; and
-- Hole EC-93, within the Eastern Anomaly, intersected 140.2 m of 2.19 per
cent REO's, including 18.3 m of 3.12 per cent REO's.
The Elk Creek Carbonatite is defined by an oval-shaped magnetic and gravity anomaly approximately 7 kilometres in diameter, making it one of the largest carbonatite complexes known worldwide. Associated with the carbonatite and carbonatite breccias are lesser amounts of basalt, lamprophyre, and syenite. These Late Proterozoic-age intrusive rocks are situated approximately 200 metres below an almost flat-lying cover of Pennsylvanian-aged marine carbonate and shale.
It is anticipated that the airborne survey will be initiated within the next few weeks and will take four to five days to complete. The survey represents the first modern geophysical methods applied to the Elk Creek Project since the late 1970's to early 1980's, and represent the first step in the exploration of the project by Quantum Rare Earth Developments Corp. Data from the survey will be used to assist with the planning of the ongoing exploration and development of the project. A total of 1,160 line kilometers will be completed, with 200-m spaced lines.
All niobium and rare earth element drill results, as well as estimates of historic resources predate, and are therefore non-compliant with, National Instrument 43-101 (NI 43-101) reporting standards. The company is not treating the historical estimates as current mineral resources or reserves. The company has not undertaken any independent investigation of the drill results or resource estimates, nor has it independently analyzed the results of the previous exploration work in order to verify the resources, and therefore the historic drill results and estimates should not be relied upon. The company believes that these historical drill results and estimates provide a conceptual indication of the potential of mineral occurrences within the project, and are relevant to the ongoing exploration.
About Carbonatites: Carbonatites are very rare and unique rock types, with approximately 500 complexes known worldwide. Often containing a variety of exotic minerals, carbonatites have been known to produce economic concentrations of rare earth elements, niobium, copper, iron, apatite, vermiculite and fluorite; with significant byproducts which may include barite, zircon, tantalum, gold, silver, uranium, nickel and platinum group elements.
Qualified Person: All field and office exploration is being conducted under the supervision of Mr. John Gorham, P. Geo., of Dahrouge Geological Consulting Ltd., a qualified person under National Instrument 43-101. He has read and approved the technical disclosure contained in this news release.
On Behalf of the Board,
Peter Dickie, President, CEO
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has filed a National Instrument 43-101 report on the Archie Lake property, and an historic NI 43-101 report on the Elk Creek project. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Quantum Rare Earth Developments Corp. President and CEO (604) 669-9330 (604) 669-9335 (FAX) www.QuantumRareEarth.com
Source: Marketwire Canada (December 7, 2010 - 3:07 AM EST)
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UnderSea Recovery Corporation Announces New Trading Symbol
Dec. 7, 2010 (GlobeNewswire) --
ATLANTA, Dec. 7, 2010 (GLOBE NEWSWIRE) -- UnderSea Recovery Corporation ("UnderSea") (Pink Sheets:UNDR) (formerly LGAL) is pleased to announce its new trading symbol of UNDR. The new symbol was issued late last week by FINRA and is more descriptive of UnderSea's corporate name.
In making this announcement, Herbert C. Leeming, UnderSea's CEO, stated: "We are delighted to finally secure our new trading symbol. We had applied for UNSR to become our trading symbol, but FINRA reported a conflict with the symbol UNSR which precluded its issuance to us. However, we are fine with UNDR and its clear relationship to our corporate name. The new symbol will alleviate any market confusion from our prior symbol of LGAL which was related to our old corporate name and will give us greater and clearer market identification which was much needed. Moreover, this long-awaited step now clears the way for the incremental funding we have had in the works for some time, but could not move ahead with until the issuance of our new (and improved) trading symbol."
About the Company
UnderSea is engaged in the business of locating and recovering historic shipwrecks, primarily those from the 15th through 19th centuries, and other cultural resources (artifacts and other objects of historical and archaeological interest) from the world's oceans and large lakes by applying advanced technologies in an environmentally responsible manner.
Forward-Looking Statements Caution:
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Please visit our web Site: www.undersearecovery.com, which will be markedly improved and upgraded over the next few weeks.
CONTACT: UnderSea Recovery Corporation
Bobby Goldman, VP - Business Development
212-628-8777
(404) 826-1164
bobby777@rcn.com
P.O. Box 28961
Atlanta, GA 30358
Source: Globe Newswire (December 7, 2010 - 10:01 AM EST)
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Archer Petroleum Enters in Memorandum of Agreement to Acquire Texas Prospect
Dec. 7, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/07/10 -- Archer Petroleum Corp. (TSX VENTURE: ARK)(OTCQX: APEUF)(FRANKFURT: A6VA) (the "Company") is pleased to announce that the Company has entered into a Memorandum of Agreement with a privately held oil and gas company based in Houston, Texas to acquire 4 leases covering interests in three Lease Blocks in Matagorda Bay, Texas, comprising 1280 acres. The agreement grants Archer the option of acquiring 3 existing wellbores, an onshore processing facility and the gathering system connecting the wells to the facility.
This Memorandum of Agreement is subject to, among other things, execution of mutually agreeable Participation and Joint Operating Agreements by December 18th, 2010. Subsequent to closing, the Company intends on commencing a re-completion program on one or more of the existing wellbores.
The Company will provide additional information on the Prospect in due course.
About Archer Petroleum:
Archer Petroleum Corp. is an independent oil and gas company focused on exploration and development in North America. Archer's assets include properties in the Western Canadian Sedimentary Basin of Alberta, the Permian Basin of West Texas, and the Bakken Shale of North Dakota. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the OTCQX under the symbol "APEUF" and the DB Frankfurt exchange under "A6VA". Further information on Archer can be found on the company's website at www.archerpetroleum.com.
ON BEHALF OF ARCHER PETROLEUM CORP.
Colin Bowkett, President
Although Archer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Archer can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. The forward-looking statements contained in this document are made as of the date hereof and Archer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Archer Petroleum Corp.
Colin Bowkett
President
(604) 683-7588
(604) 683-7589 (FAX)
info@archerpetroleum.com
www.archerpetroleum.com
Tribeca Capital Partners Inc.
Ali Sinawi
1-866-944-8674
ali@tribecacap.com
Tribeca Capital Partners Inc.
Jamie Hyland
1-866-944-8674
jamie@tribecacap.com
www.tribecacap.com
Source: Marketwire (December 7, 2010 - 9:41 AM EST)
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Golden Goliath Resources Ltd.: Agnico Eagle Agrees to Option/JV Agreement for the Las Bolas/Los Hilos Property
VANCOUVER, BRITISH COLUMBIA, Dec. 7, 2010 (Marketwire) -- Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F) -
Golden Goliath is pleased to announce that it has signed a letter of Intent and reached mutually acceptable terms for an option and joint venture agreement with a Mexican subsidiary of Agnico-Eagle Mines Ltd. ("Agnico") (TSX:AEM)(NYSE:AEM), for the exploration and development of the Company's Las Bolas and Los Hilos properties. The final agreement is expected to be signed in the next month.
Under the terms of the option agreement, Agnico's Mexican subsidiary has the right to earn a 51% interest in the Las Bolas and Los Hilos properties by spending $5,000,000 on the properties over a period of 5 years. The first year's work commitment is a firm commitment of $500,000 with expenditure requirements increasing each year thereafter. Upon exercising its option, Agnico will have the right to earn an additional 20% interest by completing a feasibility study or by spending an additional $10,000,000 over another period of 5 years.
The Las Bolas and Los Hilos properties are located within the Company's extensive Uruachic mining camp and have been the focus of exploration for the past two years, including the current drill program which is due to be completed shortly. Las Bolas/Los Hilos has four known mineralized trends. Three of these host 12 known vein systems and numerous old workings, including the extensive Las Bolas Mine, with high grade silver and gold values. The western area of the property was described in the 43-101 report that the Company filed in December, 2009. The fourth trend, which hosts the Los Hilos workings has both bulk tonnage gold and silver potential as well as high grade vein mineralization which the Company believes is related to a porphyry system at depth. The southern end of the 1.5 kilometre long Los Hilos trend lies just a few kilometres from Fresnillo PLC's new gold and silver discovery, Orisyvo. The Company's efforts and the encouraging results derived from these efforts have brought the Las Bola/Los Hilos properties to this point where we now have a significant partner with the resources to advance the project to the next level of development.
"We are extremely pleased with this agreement as it allows for the exploration and development of Las Bolas and Los Hilos by a very experienced and respected producer," said Paul Sorbara, President of Golden Goliath. "This is a major milestone for Golden Goliath and its shareholders. We are very pleased to be working alongside Agnico during the exploration and development stage of the Las Bolas/Los Hilos properties. This also allows our Company to continue our focus and exploration efforts on other prospective areas within the Uruachic mining camp."
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Qualified Person who has reviewed and approved this release is J. Paul Sorbara M.Sc., P.Geo. The Company is focused on exploring and developing the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Mountains of northwestern Mexico. Golden Goliath's Uruachic claims are owned 100% by the Company and are fully paid for with no property option or purchase payments to make.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Golden Goliath Resources Ltd. President & CEO +1(604) 682-2950 jps@goldengoliath.com www.goldengoliath.com
Source: Marketwire Canada (December 7, 2010 - 9:32 AM EST)
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Leo Dominguez & Tom Vaillancourt Join Philippine Metals' Operating Subsidiary Board
Dec. 7, 2010 (Marketwire) --
CALGARY, ALBERTA -- (Marketwire) -- 12/07/10 -- Philippine Metals Inc. (the "Company") (TSX VENTURE: PHI)(OTCQX: PHIXF)(FRANKFURT: PM7) is pleased to announce that it Mr. Leo Dominguez and Mr. Tom Vaillancourt have agreed to join the Board of Directors of the Company's Philippine operating subsidiary Pacific Metals Canada Philippines Inc. ("PMCPI").
Mr. Dominguez recently retired from Quisumbing Torres, a leading Philippine law firm and member firm of Baker & McKenzie International. In the firm, he was a senior partner specializing in mining law, oil and gas law, environmental advisory, and mergers and acquisitions. He also chaired the firm's Energy, Mining and Infrastructure Group. Mr. Dominguez is a leading figure in the Philippine mining industry having co-authored the bill that became the Philippine Mining Act of 1995. He has been a key speaker and resource industry spokesperson for many Philippine government international road shows promoting mining in the Philippines. Mr. Dominguez was the Corporate Secretary of PMCPI until July 2010.
"We are delighted that Mr. Dominguez has agreed to continue his involvement with the Company," said Marshall Farris, President of Philippine Metals. "Leo has already made a significant contribution to the Company in his previous role and we are thrilled that he has chosen to continue his association with the Company as he pursues other interests following his retirement from practicing law. He is a highly respected legal practitioner who brings a wealth of practical knowledge and experience working with the mining industry and government in the Philippines. We are fortunate to have Leo among our team and I look forward to working closely with him in the future as we continue to build a successful mining company in the Philippines."
Mr. Dominguez stated, "I am excited to continue my association with Philippine Metals. Philippine Metals is a fine example of a developing junior mining company working effectively with local communities and local and regional governments to promote mining and mining exploration in the Philippines. The Company is working respectfully within the communities in which its projects are based to create value for the benefit of all stakeholders. I am pleased to lend my continuing support to the Company's efforts in the Philippines as it develops its existing mining projects and looks to identify new prospective projects."
Mr. Tom Vaillancourt has been the Company's Vice President of Operations based in the Philippines for the past three years where he has directed the logistics and support for exploration camps and projects and overseen the management and training of field crews. He has a wide-ranging business background that includes experience in accounting, finance, business administration, and investment and risk analysis. He began working in the geological exploration industry more than 15 years ago and his recent work running the PMCPI's country office and operations in the field has given him a deep appreciation of the resource industry in the Philippines. Mr. Vaillancourt has also worked closely with engineers in developing sites, processing plants and systems. He has an abundance of international experience and is well versed in multi-cultural management.
"Tom's contribution to the early-stage operations of the Company in the Philippines has been immeasurable," stated Feisal Somji, CEO of Philippine Metals. "He has successfully integrated himself into the culture and the communities of the Philippines and, in acknowledgement of his working commitment to the resource industry, he has recently been asked to act as the Large Scale Mining Representative to sit on the Tacloban City Mining Regulatory Board, where Philippine Metals' Taurus Project is located, and also the Provincial Mining Regulatory Board of Apayo where the Company's Malitao Project is located. The Company is proud of his achievements in the Philippines and now looks forward to now also working with him at the Board level."
In connection with their appointments to the PMCPI Board of Directors, Mr. Dominguez and Mr. Vaillancourt have each been granted 85,000 stock options in the Company exercisable at $0.45 and expiring on December 6, 2015.
About Philippine Metals Inc.
Philippine Metals Inc. is focused on the exploration, discovery and development of highly prospective copper and copper-gold deposits in the Philippines. Based on the region's geological environment, the company's management team recognizes the country's potential for hosting large, world-class deposits of copper and copper-gold.
The Company's initial projects, Taurus, Malitao and Dilong, are examples of management's ability to source quality, highly prospective targets. The management team combines strong financial capabilities with world-class experience in mineral exploration, discovery and mine development.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Philippine Metals Inc.
Marshall Farris
President & Director
604.684.4743 ext. 222
403.398.0693 (FAX)
marshall@philippinemetals.com
www.philippinemetals.com
Ascenta Capital Partners Inc.
Jamie Mathers
Investor Relations
604.684.4743 ext. 236 or 866.684.4209
Jamie@ascentacapital.com
Source: Marketwire (December 7, 2010 - 9:31 AM EST)
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Ucore Rare Metals Inc. Joins U.S. OTCQX International
Dec. 7, 2010 (Marketwire) --
HALIFAX, NOVA SCOTIA -- (Marketwire) -- 12/07/10 -- Ucore Rare Metals Inc. (TSX VENTURE: UCU)(OTCQX: UURAF)("Ucore" or the "Company") is pleased to announce that its common shares have commenced trading on the OTC market's highest tier, OTCQX®, under the name Ucore Rare Metals Inc., symbol UURAF. Ucore's common shares continue to trade on the TSX under the symbol "UCU". Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
Berenbaum Weinshienk PC will serve as Ucore's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
"American investors are well aware of the importance of Heavy Rare Earths to the economy and the significant investment opportunity with our unique Heavy Rare Earth deposit in Bokan, Alaska. Having Ucore graduate to the OTCQX will better serve our U.S. investor base by providing them with an alternative trading platform for our common shares," said Ucore's President and C.E.O, Jim McKenzie. "The OTCQX has earned a strong reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker-dealers."
"Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC-traded companies focused on valuation and transparency," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Ucore Rare Metals to OTCQX."
About Ucore Rare Metals
Ucore Rare Metals Inc. is a well-funded junior exploration company focused on establishing REE, uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson Ridge REE property in Alaska.
The Bokan - Dotson Ridge project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia. The project area is served by barge and float plane from Ketchikan, with a pre-existing road network providing access to the main target areas. REE mineralization at the Bokan-Dotson Ridge project is structurally controlled in multiple dikes radial to a Mesozoic peralkaline intrusive complex.
In 1989, a U.S. Bureau of Mines study (Barker & Warner, USBM OFR 33-89) estimated that the greater Bokan area contains 37.8 million tons grading 0.50% TREO. This historical non NI 43-101 compliant estimate equates to 374 million lbs of contained TREO and ranks as one of the most prospective and accessible heavy rare earth prospects in North America.
Readers are cautioned that the resource estimates quoted by the US Bureau of Mines were prepared prior to the implementation of National Instrument 43-101 and are therefore of a historical nature. A qualified person has not done sufficient work to classify the historical estimate contained hereunder as current mineral resources. The Company is not treating the historical resource estimate as a NI 43-101 defined resource or reserve, and therefore the historical resource estimate should not be relied upon.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at info@pinkotc.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214
Source: Marketwire (December 7, 2010 - 9:27 AM EST)
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(NVAE) Savanna East Africa Webcast on Recent Acquisition With Two More Anticipated This Month and $10 Million in 2011 Revenue Goal Set for Release Friday
Dec. 7, 2010 (Marketwire) --
DALLAS, TX -- (Marketwire) -- 12/07/10 -- Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced a Webcast scheduled for release for this Friday, December 10, 2010 to review its recently announced acquisition in Kenya. The recent acquisition is the first of three acquisitions anticipated before year-end. The three acquisitions are expected to substantially contribute to the Company's $10 million in revenue anticipated in 2011.
Earlier this year, Savanna launched a business plan expansion strategy directed at acquiring and developing a portfolio of high growth potential operations in Africa. A link to the Webcast will be posted to the corporate website at www.savannaea.com and emailed to the corporate opt-in email database upon release.
The recent acquisition establishes an operating platform for the Company in East Africa. The Company has worked closely over the past year with NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) as part of the NewMarket Greenfield Partnership Program. Through the Greenfield Program, a Nairobi-headquartered company was established last year to begin developing high growth business opportunities in East Africa. The Nairobi-based company was similarly named Savanna East Africa, Ltd. Savanna East Africa, Inc. has acquired a majority interest in Savanna East Africa, Ltd., and the two additional pending acquisitions would be executed by Savanna East Africa, Ltd.
Aside from the two pending acquisitions in East Africa, Savanna has been organically developing technology and construction operations. Savanna has engaged technology projects in East Africa in partnership with other NewMarket Greenfield Partners. Savanna and Greenfield Partner China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced a GPS-enabled radio communication sale in Kenya. To learn more about Savanna East Africa visit the Company's website at www.savannaea.com.
Savanna East Africa Information and Email Newsletter
To learn more about Savanna East Africa and to sign up for company email alerts, please visit the corporate website at www.savannaea.com.
About Savanna East Africa, Inc. (www.savannaea.com)
Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) launched an updated corporate strategy early this year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Savanna has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. The Company is also continuing to grow its existing oil and gas reclamation business with new management and business strategies. Savanna East Africa is a fully-reporting company with audited financial statements quoted on the new 'OTCQB.'
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
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Contact:
Savanna East Africa, Inc.
Email Contact
214-722-3044
Source: Marketwire (December 7, 2010 - 9:10 AM EST)
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B2 Digital Provides Update to Shareholders
Dec. 7, 2010 (GlobeNewswire) --
MESA, Ariz., Dec. 7, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) is pleased to provide an update to its shareholders with respect to its activities since entering a joint venture agreement with Firma Gold.
On September 13, B2 Digital announced it had entered into a joint venture agreement with Firma Gold. The Definitive Joint Venture Agreement pertains to the mining exploration leases owned by Firma Gold Inc. in Landrienne and Courville, Quebec.
Under the terms of the Agreement, B2 Digital, Inc. assumed management control of the exploration leases owned by Firma Gold in Landrienne and Courville Quebec as the Managing JV Partner. B2 Digital became responsible for funding the exploration, operation, and, if required, the disposition of the Firma Gold properties. The terms of the agreement called for B2 Digital, Inc. to receive 90% of the net profit after deduction of any capital or operating costs incurred in their role as JV Managing Partner. Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement. The properties are located in the Val D'Or and Malartic regions, both of which are well known to be extremely rich in gold.
On September 14, B2 Digital announced today it had entered into preliminary discussions with an Asian investment fund which had expressed strong interest in investing up to $20 million dollars to accelerate the development of the mining leases in Landrienne and Courville Quebec. On September 15, B2 Digital announced its Board of Directors voted in favor of accepting an offer of $0.15 a share from a Major Investor Group for all outstanding shares of B2 Digital, Inc., with a closing date to be Oct. 15, 2010. On September 17 B2 Digital announced that the $0.15 offer received from Sino-Can Industrial Holdings Group Ltd., the Major Investor Group, had been amended to $0.04 per share to reflect current market conditions. On September 29, B2 Digital announced today that its Board of Directors, after reviewing the NI 43-101 feasibility study from Firma Gold used as Proof of Claims, had recommended a price of $0.10 per share as a fair value.
On October 6, B2 Digital announced it had been granted an Option to add 38 more mining claims in the Courville Township to the existing Joint Venture Agreement between both companies. These claims are adjacent to the existing 4 large claims that were included in the NI 43-101 Technical Report for Firma Gold's Courville property. B2 Digital is required to make two installments to secure the option to these claims.
On October 27, B2 Digital announced that its directors had approved a 10% stock dividend on the common stock. As of today, this dividend has not been paid. B2 Digital, Inc. has filed the Issuer Company-Related Action Notification Form with FINRA in compliance with Rule 6490 and SEA Rule 10b-17. Management has had five discussions with FINRA, which also included the transfer agent, and is waiting for approval from FINRA. We will keep shareholders updated on this dividend.
On November 30, B2 Digital announced its Board of Directors voted in favor of accepting an offer of $0.04 a share from Sino-Can Industrial Holdings Group Ltd. for all outstanding shares of B2 Digital, Inc. On December 1, B2 Digital, Inc. announced both parties agreed that the purchase of all shares should be concluded by December 20th, 2010.
About B2 Digital
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and others factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.
CONTACT: Atlanta Capital Partners, LLC
David Kugelman
866-692-6847
Source: Globe Newswire (December 7, 2010 - 9:01 AM EST)
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Stellar Biotechnologies' Exclusive License Agreement on Bayer Innovations/Stellar KLH Technology
PORT HUENEME, CA, Dec. 7, 2010 (Marketwire) -- Stellar Biotechnologies, Inc. (TSX-V: KLH) (PINKSHEETS: SBOTF) is pleased to announce that it has acquired an exclusive, irrevocable, worldwide, sub-licensable and royalty-free license to the technology developed through a Collaborative Research Agreement between Stellar and Bayer Innovations (BIG). The license includes a carve-out by BIG for use of the technology in its non-Hodgkin lymphoma (NHL) vaccine which is currently under development. Otherwise, the license leaves Stellar free to commercialize the technology, exclusively, in all other fields.
Stellar CEO Frank Oakes said, "The technology developed through the collaboration with BIG represents a breakthrough in the production of highly characterized, immunogenically potent carrier proteins (ICPs), not only in terms of quality and purity, but also for cost management in the final drug product. The technology will be integrated into BIG's NHL vaccine platform, and commercialized broadly by Stellar for other vaccines and related products."
Stellar's CEO letter to shareholders, dated 11/24/10, has been posted: http://www.stellarbiotechnologies.com/investors/shareholders/index.php?&content_id=54.
Stellar Biotechnologies, Inc. (TSX-V: KLH) (PINKSHEETS: SBOTF) (www.StellarBiotechnologies.com) is a world leader in sustainable manufacturing of pharmaceutical grade immune carrier proteins (ICP), particularly with regard to the present most important pharmaceutical protein in this class, KLH (Keyhole Limpet Hemocyanin). This evolutionary protein has a highly complex structure that makes it ideal for use in human and animal vaccines and diagnostic products. With partners and customers, its flagship Stellar KLH products are in the clinic, and on the way to being established as the only sustainable, long-term pharmaceutical source.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein. This news release does not constitute an offer to sell, or a solicitation of an offer to buy any of the Company's securities set out herein in the United States, or to, or for the benefit or account of, a U.S. Person or person in the United States. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of these releases.
Contact: dbrookstein@stellarbiotech.com
Source: Marketwire Canada (December 7, 2010 - 8:51 AM EST)
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Oremex Expands Silver Mineralization Potential at El Sol Project
Dec. 7, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 12/07/10 -- Oremex Resources Inc. (TSX VENTURE: ORM)(OTCQX: ORXRF)(FRANKFURT: OSI) is pleased to announce that recent exploration work at its wholly owned El Sol silver project has expanded the potential for silver mineralization. El Sol is located approximately 1km northwest of the Cerro Las Minitas mine, close to the town of Guadalupe Victoria, in Durango State, Mexico. The El Sol project is immediately north of Southern Silver's Cerro Las Minitas project, which is focused on substantial silver plus base metal mineralization in skarns and carbonate replacement deposits (CRD).
A strong magnetic anomaly has been identified near the western edge of the El Sol concession, clearly indicating the potential for a buried intrusive, based on a published Mexican government geophysical survey. The adjacent Cerro Las Minitas project is also associated with a strong magnetic signature known to be related to a mineralizing intrusive body. A large area of skarn mineralization in limestone underlies the western half of the El Sol concession and is believed to be spatially related to the hypothesized buried mineralizing intrusive. The bulk of the rest of the El Sol concession is underlain by limestone. Fracture controlled silver plus base metal mineralization has been noted both in the skarn and limestone on the El Sol concession. The geological conditions imply potential for skarn and CRD mineralization at El Sol. Silver plus base metal mineralization in the area is associated with high sulfide concentrations and should be readily detected by IP-type geophysical survey methods. The upcoming program will follow-up on earlier surface grab sampling that yielded mineralization of 140 g/t Ag, 5.4% Pb+Zn and 0.22 g/t Au (please see press release dated October 14th, 2010). More detailed geological mapping combined with a geophysical survey is planned to identify drill targets.
"The El Sol projects represents an excellent opportunity for Oremex to continue its focus of building a portfolio of prospective silver projects with the potential for complementing the company's existing 50,000,000 ounce (22,600,000 Tonnes @ 69.8 g/t Ag) Resource at Tejamen" stated Michael Smith, President and CEO of Oremex. "To follow up the mineralization identified at El Sol, an IP geophysical program is planned to identify drill targets. We expect to see increased activities in all areas of exploration within the company during 2011".
About Oremex:
Oremex is a Canadian-based exploration company with a focus on the acquisition and development of mineral properties in Mexico. The Company's Tejamen project has an inferred mineral resource of 50.8 million ounces of silver in a total of 22.6 million tonnes grading a silver-equivalent of 69.8 grams per tonne (Wardrop Engineering Report NI 43-101 compliant April 2006). Snowden Mining Industry Consultants completed a Preliminary Assessment Study (NI 43-101 compliant October 2006) demonstrating that the project can support a 10,000 tonne per day open pit, heap leach mining operation.
National Instrument 43-101 requires the following statement: that the preliminary assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.
Forward-Looking Statements: The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Oremex Resources Inc.
Michael Smith
President & CEO
(416) 309-4320
info@oremex.com
Source: Marketwire (December 7, 2010 - 8:30 AM EST)
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SinoFresh Healthcare Announces the Acquisition of SRS International, Inc.
Dec. 7, 2010 (GlobeNewswire) --
VENICE, Fla., Dec. 7, 2010 (GLOBE NEWSWIRE) -- SinoFresh® HealthCare, Inc., (Pink Sheets:SFSH) is pleased to announce that it has acquired SRS International, Inc.(www.srsinternational.com), a leading consulting and regulatory company specializing in research and development, compliance and other regulatory matters. The acquisition of SRS International now forms the cornerstone of the Research and Development division of SinoFresh HealthCare, Inc.
SRS International Corporation as a wholly owned operating subsidiary of SinoFresh HealthCare, Inc. will interface both domestically and globally to efficiently introduce and support SinoFresh products entering the marketplace. Extensive experience in Asia as well as the Western world makes SRS International Corporation the perfect acquisition to support the development and introduction of SinoFresh HealthCare, Inc. product lines in both the national and international markets.
John Todhunter, Principal of SRS International, has a distinguished record of representing companies before the Food and Drug Administration and the Environmental Protection Agency, as well as designing and conducting clinical studies. Todhunter is a former Presidential Appointee, having been appointed to the EPA by President Ronald Reagan.
SinoFresh CEO David R. Olund comments, "The acquisition of SRS International and the addition of John Todhunter to our team are significant events and signal a vote of confidence in the future of SinoFresh HealthCare, Inc., by SRS International, a leading company in the pharmaceutical research and development and clinical studies field. The DSRS International team immediately brings us regulatory and product development expertise at a level of competence and experience that could not easily be duplicated by an emerging growth-oriented company. Overall, we are truly fortunate to have a world-class team and John Todhunter forming our R&D division."
SinoFresh HealthCare, Inc. is a publicly traded company (Pink Sheets:SFSH) based in Venice, Florida, that manufactures and distributes nasal, oral and topical antiseptic germ-killing products. SinoFresh products are marketed and distributed globally through a network of strategic wholesale and retail partners. SinoFresh HealthCare, Inc's, premier product, SinoFresh Antiseptic Homeopathic Nasal spray, has in laboratory tests shown effective antiseptic capability against a variety of pathogens such as MRSA, E-Coli, H1N1 and a broad range of other viruses, molds, fungi and bacteria.
For more information please contact our Investor Relations department at 941.375.8174 option 8
This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Our forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management's plans and objectives, future contracts, and forecasts of trends and other matters. Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate", "estimate", "expect", "believe", "will likely result", "outlook", "project" and other words and expressions of similar meaning. No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.
CONTACT: Sinofresh Healthcare Inc.
Investor Relations
941.375.8174 option 8
Source: Globe Newswire (December 7, 2010 - 10:22 AM EST)
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National Automation Services, Inc. Announces Company Repurchase of 50% of All Outstanding Shares
Dec. 7, 2010 (Marketwire) --
LAS VEGAS, NV -- (Marketwire) -- 12/07/10 -- National Automation Services, Inc. ("NAS") (www.nasautomation.com) (PINKSHEETS: NASV) (OTCQB: NASV) announced today that it is planning to repurchase 50% of all outstanding free trading common stock from its investors at fair Market Price. The repurchase is to take place in January of 2011 and will allow the Company to use the Stock for new acquisitions which is developing rapidly over the next eighteen months. The Company is prepared to repurchase up to 28 million shares which will conclude a massive reinvestment into the Company.
Bob Chance, President and CEO of National Automation Services stated today, "The Company is making this move to fill the Treasury with stock to be used in negotiating the planned acquisitions. More details of the planned repurchase will be released on the day of implementation."
Stay Connected:
Join our NAS E-News Connection and our official NAS Facebook Fan Page for the most recent news. Management also encourages investors to read the 10-K audited financials as well as all required documents the Company files with the SEC. Such documents can be obtained on the SEC website at www.sec.gov or on the Company's website at www.NASAutomation.com.
About National Automation Services, Inc.:
National Automation Services, Inc. headquartered in Nevada, a Corporation with wholly owned subsidiaries in Arizona and Nevada, designs, manufactures, and programs Automation and Control Systems. View our technical skills, project history, and key personnel at www.NASAutomation.com
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the ability to obtain the additional working capital which NAS needs; the ability to complete the move to the OTC.QB; the ability to locate suitable companies to acquire and then integrate such acquired companies, if any; the ability to retain key employees; the ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; changes to operating systems and product strategy by vendors of operating systems, and whether NAS can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. References herein to "NAS," "National Automation Services," "the Company," "we," "our" and similar words or phrases are references to National Automation Services, Inc., unless the context otherwise requires.
CONTACT INFORMATION
National Automation Services, Inc.
Marketing Manager
2470 Saint Rose Pkwy Ste 314
Henderson, NV 89074
Phone: 702-487-NASI (6274)
Email Contact
Source: Marketwire (December 7, 2010 - 10:56 AM EST)
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Yasheng Group Fruit Segment Expects Increases of Approximately 27% and 15% in Sales Revenue and Net Profits Respectively in 2010
Dec. 7, 2010 (Marketwire) --
REDWOOD CITY, CA -- (Marketwire) -- 12/07/10 -- Yasheng Group (OTCQB: YHGG), a high-growth diversified China-based agricultural company with US headquarters in California, expects sales revenue and net profits for its fresh and processed fruit segment to advance by approximately 27% and 15% respectively in 2010 as a result of increased demand and rising food cost. The Company estimates total sales of fruit products to exceed $ 300 million in 2010 compared to $249 million in 2009. A decrease in harvested product volume caused by an early snow storm in part of Northwest China this year was offset by 50% higher purchasing prices of fruit products, which led to better returns than in the previous year.
When combined, Yasheng Group's orchards exceed 4,000 acres, on which twelve products are grown, including award winning Zaosu pears, Red Fuji apples, and apricots. These products have become world renowned as a result of their growing regions. The dry climate with long sunny, hot days combined with cold nights, enables the fruit to produce more sugars as well as reach superior size, creating a demand in high-end markets.
The China Green Food Development Center designated Yasheng as the "National Grade A Green Food Production Base." The base adopts "ISO 14001" environmental management standards and has been certified by CEC (China Environmental United Certification Center). The Yasheng facilities represent one of the largest enterprise-scale "Green Food" fruit-product bases in China.
The apples and pears produced by Yasheng are 100% organic and each fruit is grown inside a special bag that protects it from pests, frost, and air-borne diseases. The package is applied to the fruit after it blossoms and the fruit is harvested with the bag intact for packaging. There is no need to apply any harmful pesticides and natural fertilizers are fed through filtered water-saving drip irrigation.
AAA Fresh fruit products are packaged and palletized for shipment to high-end markets along the coastal regions of China, Hong Kong, and Taiwan and sold at premium prices. Yasheng Group has a modern cold storage facility that holds over 30,000 tons of products with a shelf life of up to eight months.
The majority of medium quality fruit products are sold within the province and around China and odd size fruit are used for purees and sauces utilizing ISO HACCP standards with imported modern processing equipment that packages the product directly into 0.2-ton airtight bags. The company also produces dried fruits, with apricots being nationally recognized for their all natural quality.
Yasheng's fruit orchards are relatively new and just entering their most productive years and the company is expecting an increase in yields from the current orchard bases. The company also has plans to plant an additional 500 acres of fruit trees over the next three years and will continue this trend for a stable cycle of fresh fruit trees. In addition, Yasheng has planned to expand the dried fruit and vegetable processing line, as well as to develop an IQF "Packaged Frozen Fruit & Vegetable" product line.
Yasheng Group
Yasheng Group (OTCQB: YHGG) (www.yashenggroup.com), founded over 30 years ago, is a US holding company that conducts primarily agricultural operations in the Northwest of China. Today it is one of China's leading producers and marketers with six major product segments including field crops, vegetables, fruit, specialty crops, hops, hemp, seeds, beef and poultry. Yasheng is a supplier of high-quality agricultural products to world-famous conglomerates such as McDonald's, KFC, Tsingtao Beer, and Pepsi. The company is lead by a highly qualified management team and it has total assets of approximately $1.7 billion, over 15,000 employees, and a history of strong sales and earnings growth.
Safe Harbor Statement
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are discussed in the company's various filings with the Securities and Exchange Commission. The company assumes no obligation to update these forward-looking statements.
Contact:
Gene Marbach
212-508-9645
Email Contact
Daniela Viola
212-508-9676
Email Contact
Source: Marketwire (December 7, 2010 - 11:02 AM EST)
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Black Dragon Discusses Company Objectives
Dec. 7, 2010 (GlobeNewswire) --
OIL CITY, La., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Black Dragon Resource Companies, Inc. ("the Company," "Dragon") (Pink Sheets:BDGR) is pleased to announce that the Company has entered into an agreement with Black Dragon Resources Ltd., a Canadian Corporation recently listed on the Frankfurt stock exchange under the stock symbol 8BD.F. 8BD has requested that the terms of the agreement not be released until it has received an executed contract with a German fund. Management is hopeful that the terms of the agreement will be able to be released in the near term. Management plans on using the agreement with 8BD to pay the company dividends which will be used to drill more wells and retire outstanding shares.
Black Dragon is also planning an aggressive drilling program which includes the drilling of 8 deep wells in 2011. These wells will be joint ventures with four other oil companies. Drilling sites include Louisiana, Texas and Arkansas. Management remains steadfast in growing its shallow oil and gas businesses in 2011 as well.
According to Thomas Neely, President, "The company is using its cash position to further progress opportunities for Black Dragon. I am confident that we will be able to increase shareholder value by aligning a successful drilling program with a well sustained share buyback program."
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to re-complete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels and to purchase additional leases.
Forward-Looking Statements - Safe Harbor:
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
CONTACT: Black Dragon Resource Companies, Inc.
Investor Relations
913-226-3818
Source: Globe Newswire (December 7, 2010 - 11:36 AM EST)
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(NVAE) Savanna East Africa Webcast on Recent Acquisition With Two More Anticipated This Month and $10 Million in 2011 Revenue Goal Set for Release Friday
Dec. 7, 2010 (U.S. Equity News) --
Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced a Webcast scheduled for release for this Friday, December 10, 2010 to review its recently announced acquisition in Kenya. The recent acquisition is the first of three acquisitions anticipated before year-end. The three acquisitions are expected to substantially contribute to the Company's $10 million in revenue anticipated in 2011.
Earlier this year, Savanna launched a business plan expansion strategy directed at acquiring and developing a portfolio of high growth potential operations in Africa. A link to the Webcast will be posted to the corporate website at www.savannaea.com and emailed to the corporate opt-in email database upon release.
The recent acquisition establishes an operating platform for the Company in East Africa. The Company has worked closely over the past year with NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) as part of the NewMarket Greenfield Partnership Program. Through the Greenfield Program, a Nairobi-headquartered company was established last year to begin developing high growth business opportunities in East Africa. The Nairobi-based company was similarly named Savanna East Africa, Ltd. Savanna East Africa, Inc. has acquired a majority interest in Savanna East Africa, Ltd., and the two additional pending acquisitions would be executed by Savanna East Africa, Ltd.
Aside from the two pending acquisitions in East Africa, Savanna has been organically developing technology and construction operations. Savanna has engaged technology projects in East Africa in partnership with other NewMarket Greenfield Partners. Savanna and Greenfield Partner China Crescent Enterprises, Inc. (OTCBB: CCTR) recently announced a GPS-enabled radio communication sale in Kenya. To learn more about Savanna East Africa visit the Company's website at www.savannaea.com.
Savanna East Africa Information and Email Newsletter
To learn more about Savanna East Africa and to sign up for company email alerts, please visit the corporate website at www.savannaea.com.
About Savanna East Africa, Inc. (www.savannaea.com)
Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) launched an updated corporate strategy early this year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Savanna has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. The Company is also continuing to grow its existing oil and gas reclamation business with new management and business strategies. Savanna East Africa is a fully-reporting company with audited financial statements quoted on the new 'OTCQB.'
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact: Savanna East Africa, Inc. 214-722-3044
Contact: U.S. Equity News Tel: (949) 390-0111 Email: info@usequitynews.com
Newstex ID: USE-1074-51461909
Source: U.S. Equity News (December 7, 2010 - 11:42 AM EST)
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GreenHouse Holdings to Present at 3rd Annual LD MICRO Conference
Dec. 7, 2010 (Marketwire) --
SAN DIEGO, CA -- (Marketwire) -- 12/07/10 -- GreenHouse Holdings, Inc. (OTCQB: GRHU) (PINKSHEETS: GRHU) ("GreenHouse"), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, today announced that it is scheduled to present at the upcoming 3rd annual LD MICRO conference on Thursday, December 9, 2010, at 2:30 PM (PST) on Track 4 at the Luxe Sunset Bel Air, in Los Angeles, California. Mr. John Galt, Executive Chairman, will provide a complete business update and answer questions relating to GreenHouse Holdings' recent operational updates.
Mr. Galt will also conduct a series of meetings with members of the investment community and will be available for one-on-one meetings with investors participating in the Third Annual LD MICRO Conference. If you would like to schedule a meeting with GreenHouse's management team, please contact Alliance Advisors, LLC via email at bkobel@allianceadvisors.net.
About LD MICRO
LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor.
About GreenHouse Holdings, Inc.
GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world's most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, industrial and government markets around the globe. GreenHouse provides energy-efficiency products, energy management systems, eco-friendly infrastructure, scalable waste-to-fuel bio-fuel and closed loop systems, as well as other proprietary technologies and products that are utilized to provide a greener and safer future for millions of people. Other flagship products and solutions include the Green Village, R.A.P.S., and One Link. For more information, please visit: www.greenhouseintl.com or the GreenHouse YouTube channel at http://www.youtube.com/greenhouseintl or follow GreenHouse on Twitter @greenhouseintl.
Contact:
Investor Relations
Alliance Advisors, LLC
Chris Camarra or Bryan Kobel
Email Contact
Email Contact
(212) 398-3487
Source: Marketwire (December 7, 2010 - 12:39 PM EST)
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Rio Alto Announces Senior Management Appointment
Dec. 7, 2010 (Marketwire) --
CALGARY, ALBERTA -- (Marketwire) -- 12/07/10 -- Rio Alto Mining Limited ("Rio Alto") (TSX VENTURE: RIO)(OTCQX: RIOAF)(BVLAC: RIO)(FRANKFURT: MS2) is pleased to announce that Mr. Paul Tweddle has been appointed as Vice President of Planning/Risk Management of the Company.
Mr. Tweddle brings extensive knowledge and experience from various sectors of the mining and metals industry. Most recently, he assisted in the evaluation and acquisition of mining operations as well as serving on the investment management committee of LW Funds' Natural Resource Fund, specializing in identifying mining investment opportunities. Prior to working in the mining sector, Mr. Tweddle was the Global Macro Strategist at Dunheath Capital, a macro hedge fund specialized in commodities with a metals focus. He has also worked as a physical base and precious metals trader, a risk manager at a copper semi manufacturer, and a trader of futures and options on both precious and base metals. Mr. Tweddle holds an MBA from the Yale School of Management and a Bachelor's Degree in Business Administration with a major in Accounting and Finance from the University of Washington.
Anthony Hawkshaw, CFO commented that, "Paul's extensive network within the Latin American and New York financial communities, his North and South American mining and metals industry experience, and his financial analysis and planning skills will help Rio Alto make the transition from a gold mine developer to producer over the coming months. He will also make important contributions to the upcoming feasibility study for the La Arena copper sulphide deposit. We are especially pleased that he is joining our Peruvian management team."
Rio Alto also announces that it has granted stock options to Mr. Tweddle to acquire a total of 250,000 common shares pursuant to the terms of its stock option plan. These options are exercisable at $2.00 per common share.
To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com or Rio Alto's SEDAR profile at www.sedar.com.
ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED
Anthony Hawkshaw, Director and Chief Financial Officer
Contacts:
Rio Alto Mining Limited
Anthony Hawkshaw
CFO & Director
+1 604 628 1401 or +511 625 9900
tonyh@rioaltomining.com
Rio Alto Mining Limited
Alejandra Gomez
Investor Relations
604.628.1401
866.393.4493 (FAX)
alejandrag@rioaltomining.com
www.rioaltomining.com
Source: Marketwire (December 7, 2010 - 12:46 PM EST)
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dPollution International Inc. (RMGX) Receives Letter of Intent for Sale of First 1,000 Units
NEW YORK, NEW YORK, Dec. 7, 2010 (Marketwire) -- dPollution International Inc. (PINK SHEETS:RMGX) announced today it has received a Letter of Intent from the Suriname Ministry of Public Works and Directorate of Civil and Technical Works for the purchase of the first 1,000 units of its dPollution Device based on successful product testing.
"We are pleased that our technology could play a role in helping to reduce toxic emissions and protect lives in Suriname," dPollution President and CEO Rocco Di Fruscia stated. "We believe this request is the first of many that we will receive from CARICOM member countries, Central and South America, as they continue to legislate against pollution and show support for companies like ours that offer proven, cost-effective solutions."
The LOI formalizes Suriname's plan to acquire units of the dPollution Device for incorporation in a planned green-technology initiative focused on the reduction of greenhouse gases.
"One of the key components of this effort would be to equip all government vehicles with the dPollution Device in order to combat engine emissions," said Director of Public Works Mr. R. King, M.Eng. "In the future, we hope to include all vehicles in Surinam in this greenhouse gas reduction initiative."
The LOI outlines the Ministry's intention to purchase at least 1,000 dPollution units, both gas and diesel, conditional on testing and measuring the benefits of the devices in country.
About dPollution International Inc.
dPollution (PINK SHEETS:RMGX) owns the exclusive manufacturing and distribution rights to a patented fuel-conditioning technology that reduces polluting emissions and increases mileage. dPollution's innovative products improve engine performance by causing fuel to combust more efficiently and completely. The technology works on all closed-combustion engines, including those used in cars, trucks, buses, trains and heavy equipment. For more information, visit www.dPollution.com.
Forward looking statements
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. Risk factors listed from time to time in its news releases and its filings with the PinkSheet OTC Market Services may impact the Company's actual performance and future results. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements.
dPollution International Inc. President & CEO 514 586-3799 dPollution International Inc. Public Relations 514 586-3799 mike@dpollution.com www.dPollution.com
Source: Marketwire Canada (December 7, 2010 - 1:33 PM EST)
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GeoBio Energy, Inc. Update on Recent Corporate Capital Restructuring and Business Plan
Dec. 7, 2010 (GlobeNewswire) --
SEATTLE, Dec. 7, 2010 (GLOBE NEWSWIRE) -- GeoBio Energy, Inc. (Pink Sheets:GBOED) ("GeoBio"), today announces that it is pleased with its current progress implementing its business plan. On December 1, 2010, GeoBio completed its planned 5,500:1 reverse recapitalization of its common stock. GeoBio believes this recapitalization is integral to its strategic growth and financing plans, and confirms that its current issued and outstanding common stock following the recapitalization is 2.4 million shares (2,486,314).
GeoBio believes this recapitalization is integral to its strategic growth and financing plans. In response to increased market activity the Company wishes to advise shareholders that it is not aware of any material operating event behind the unusual trading activity on its shares.
About GeoBio Energy:
GeoBio Energy's business model emphasizes the acquisition and operation of existing companies in the oil and gas services and energy industry. As oil and gas exploration continue in the face of ever rising demand, preparing and monitoring drilling sites and obtaining peak efficiency and production from existing, aging wells becomes increasingly important. GeoBio believes this to be a significant growth opportunity in its strategy to combine and consolidate companies in the oil and natural gas services sector. Visit GeoBio's web site: http://www.geobioenergyinc.com/
Safe Harbor Statement
This Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as GBOE "expects," "should," "believes," "intends," "anticipates" or words of similar import. Such forward-looking statements are subject to certain risks and uncertainties including the financial performance of GBOE, which could cause actual results, performance or achievements of GBOE to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.
"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. GBOE disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Risks particularly associated with our current business include, but are not limited to the risks associated with our ability to (i) obtain the necessary financing to complete our prospective acquisitions and other targeted companies and to finance our current operations, (ii) generate sufficient revenue and obtain profitability, (iii) obtain additional financing as needed, (iv) manage changes in general economic and business conditions (both generally and in the natural gas and oil services and the energy industry), (v) react to actions of our competitors, (vi) develop new services and markets for our services, (vii) identify and manage risks in connection with acquisitions (viii) evaluate and effect the level of demand and market acceptance of our services and (ix) make necessary changes to our business strategies.
CONTACT: GeoBio Energy Corporation
Investor Relations
Joseph J. Malone
786-375-0556
info@geobioenergyinc.com
www.valuecorptrading.com
Source: Globe Newswire (December 7, 2010 - 1:55 PM EST)
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Everybody's Phone Company Enters Negotiations With Huge Long-Distance Provider
Successful Negotiations Will Ensure More Service Packages and Higher Potential Profits
Dec. 7, 2010 (GlobeNewswire) --
HOUSTON, Dec. 7, 2010 (GLOBE NEWSWIRE) -- Everybody's Phone Company, Inc. (Pink Sheets:EVPH), Texas' fastest growing provider of prepaid home telephone services, announced today that it has started negotiating with a major long distance service provider to expand their pre-paid services for consumers.
Steven H. Bethke, President, states," We are very enthusiastic about this new opportunity; as a result of negotiations with this major long distance service provider, and upon the completion of successful negotiations, Everybody's Phone Company will be able to offer bundled long distance services to our pre-paid subscribers anywhere our pre-paid services are currently available." Bethke also added, "After negotiations we should have the means to introduce new, improved service packages to our ever-expanding customer base, including those customers in the planned zones of expansion past Texas in other states nationwide. Adding pre-paid long distance services to our current plans has a huge benefit for the company as well, these improved packages have the potential to rapidly grow our annual revenues and increase profits."
EVPH has done extensive research and found that $150 Billion per year in the U.S. is spent on residential and business communications. During their research EVPH also found that 1/3 of the population do not have bank accounts and rely fully on check cashing locations to manage money. EVPH offers prepaid convenience billing, month-to-month coverage and up-front payments which ensure that the consumer is in control of how much they spend and how long they use the services. Despite the overwhelming success of cell-phones, people still need the accessible, low cost, low maintenance options of land lines for their businesses and/or residential communications needs. EVPH has researched and found that their target consumer accounts for nearly 30% of the Texas population; the number of targeted consumers grows in other states due to high unemployment rates, bad credit nationwide and growing consumer desire for contract-free billing options. Basic communications such as local telephone service and 911 emergency accesses are lifelines to many people, such as at risk groups like the elderly. EVPH is different from monopoly competitors by providing value, flexibility and peace of mind for their customers; it is this unique structure which positions them for success in the near future.
About Everybody's Phone Company
Everybody's Phone Company (EVPH) acquires heavily discounted telephone service from the incumbent local exchange carriers, such as AT&T and Verizon, and resells the service at premium rates on a prepaid basis yielding above average profit margins and mitigating bad debt. Everybody's Phone Company has obtained regulatory approval to sell and provide local telephone service in the State of Texas [Service Provider Certificate of Operating Authority (SPCOA) No. 60785]. Once EVPH achieves critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings nationwide. For more information, visit www.everybodysphonecompany.com.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT: Everybody's Phone Company, Inc.
Steven H. Bethke, President & CEO
(713) 268-1610
www.everybodysphonecompany.com
Source: Globe Newswire (December 7, 2010 - 1:58 PM EST)
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Trevali Appoints Kallpa Securities SAB as Advisor for Senior Listing Application on Lima Stock Exchange
Dec. 7, 2010 (Marketwire) --
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/07/10 -- Trevali Resources Corp. ("Trevali" or the "Company") (TSX: TV)(OTCQX: TREVF)(FRANKFURT: 4TI) has appointed Kallpa Securities SAB of Lima, Peru as advisor for its Lima Stock Exchange (BVL) listing application.
Kallpa Securities is preparing Trevali's application documents for a senior listing on the BVL and will assist in the Company's marketing in Peru. Kallpa will also provide all services required by the BVL and any other regulatory entities to satisfy local requirements relating to all marketing activities in compliance with the BVL and CONASEV (Comision Nacional Supervisora de Empresas y Valores) regulatory bodies on behalf of Trevali. The Company cautions that there can be no assurance that its application to list its shares on the BVL will be approved.
Additionally, Kallpa will provide Trevali with market information, organize meetings with key participants in the Peruvian market (institutional investors, retail investors, and brokerage firms), aid in marketing document preparation, and provide research and regular updates on Trevali to their Peruvian investment network.
"We are proud to be appointed Advisor to Trevali in Peru and look forward to introducing their near-term silver-lead-zinc production-focused opportunity to the Peruvian markets," said Mr. Alberto Arispe, Kallpa Securities' CEO.
"We are very pleased to have Kallpa as our BVL listing advisor and look forward to expanding our shareholder base in the Peruvian market during this exciting period as Trevali advances towards production from its Santander mine project," stated Dr. Mark Cruise, Trevali's President and CEO. "Already one of the more important markets in South America, the BVL has recently entered into plans to join markets with the stock exchanges of Chile and Colombia in an initiative aimed to create the third largest stock exchange in Latin and South America with a combined capitalization of nearly US$500-billion - providing significant additional exposure to many new potential investors."
ABOUT TREVALI RESOURCES CORP.
The Company in conjunction with its partner, Glencore International A.G., has entered into a definitive development agreement for the Santander silver-lead-zinc project in west-central Peru that will see Glencore provide and operate on the property, a 2,000-tonne-per-day concentrate plant, undertake mining operations on a 'contractor/toll basis' and enter into a long-term concentrate offtake agreement with the Company for 100% of the Santander project's production at benchmark terms.
Additionally, through its wholly owned subsidiary Trevali Renewable Energy Inc., the Company is undertaking a significant upgrade of the Tingo run-of-river hydroelectric generating facility along with transmission line upgrades and extensions to allow, in addition to supplying power to the mining operation on the property, the potential sale of surplus power into the Peruvian National Energy Grid.
The common shares of the Company are currently listed on the TSX (symbol TV). For further details on the Company, readers are referred to the Company's web site (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
TREVALI RESOURCES CORP.
Mark D. Cruise, President
This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and the company does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Such forward-looking statements and information include, but are not limited to statements as to: the accuracy of estimated mineral reserves and resources, anticipated results of future exploration, and forecast future metal prices, anticipated results of future electrical sales and expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of mineral reserves. These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.
These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this news release and the company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in spot and forward markets for silver, zinc, base metals and certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in currency markets (such as the Peruvian sol versus the U.S. dollar); risks related to the technological and operational nature of the Company's business; changes in national and local government, legislation, taxation, controls or regulations and political or economic developments in Canada, the United States, Peru or other countries where the Company may carry on business in the future; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits and the presence of laws and regulations that may impose restrictions on mining,; diminishing quantities or grades of mineral reserves as properties are mined; global financial conditions; business opportunities that may be presented to, or pursued by, the Company; the Company's ability to complete and successfully integrate acquisitions and to mitigate other business combination risks; challenges to, or difficulty in maintaining, the Company's title to properties and continued ownership thereof; the actual results of current exploration activities, conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors; increased competition in the mining industry for properties, equipment, qualified personnel, and their costs.
Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
Contacts:
Trevali Resources Corp.
Steve Stakiw
Manager - Corporate Communications
(604) 488-1661
(604) 408-7499 (FAX)
sstakiw@trevali.com
www.trevali.com
Source: Marketwire (December 7, 2010 - 2:01 PM EST)
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Kalahari Greentech Provides an Update on the Dividend Distribution
Dec. 7, 2010 (GlobeNewswire) --
BALTIMORE, Dec. 7, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) released an update today on the dividend distribution process.
Shareholders of record as of October 18, 2010 who hold their shares in electronic form within a brokerage account will receive their additional shares automatically, and do not need to contact the transfer agent.
Shareholders of record as of October 18, 2010 who hold their shares in paper certificate form are the only ones who need to contact the transfer agent to obtain their additional shares. To expedite service, the transfer agent recommends that you send an email requesting your shares. The email should contain your full name, your current mailing address and phone number, and should be sent to info@wallstreettransfer.com.
Kalahari Greentech appreciates the patience and cooperation of its shareholders during this process.
Please visit Kalahari's website at www.kalaharigt.com to learn more about the company's latest innovations.
About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
CONTACT: Kalahari Greentech
Investor Relations
410-242-0763
Source: Globe Newswire (December 7, 2010 - 3:40 PM EST)
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Quad Energy Corp Signs LOI to Acquire 60% Working Interest With Blue Grass Energy Inc's Eddy Country Oil and Gas Properties
ORLANDO, FLORIDA, Dec. 7, 2010 (Marketwire) -- Quad Energy Corp (The Company) (PINK SHEETS:CDID) has entered into a letter of intent to acquire a 60% working interest in Blugrass Energy Inc's Cave Pool Unit oil and gas properties. The working interest of Blugrass Energy's properties covers approximately 2800 acres, located within Eddy County, NM. Currently there are 32 wells, which could be re-worked and brought back potentially to producing status. Additionally, there are over 100 possible new drilling locations based upon 20 acre spacing. Water disposal would be handled via the Cave Pool Unit's injection well which decreases water hauling costs thus increasing the economics of the Cave Pool Unit.
The Cave Pool Unit is located within the Artesia Vacuum Trend, more specifically within the Grayburg Jackson Pool. The Artesia Vacuum Trend contains thirteen reservoirs with more than 1 MMBO historic cumulative production. Cumulative production from these 13 reservoirs was 796 MMBO as of 2000. Depths to the top of reservoirs range from 1290 to 4700 ft. This is a mature field, especially within the highly productive San Andres carbonates. Lower permeability in the Grayburg sandstones, in the Grayburg Jackson reservoir during the mid-1990's, has been successful to the point of reversing production decline and is a major focus of current and future development.
Under the terms of the LOI The Quad Energy would pay up to $500,000 for Blugrass' 60% working interest in the Cave Pool Unit.
The company is undertaking due diligence and will announce the signing of a definitive agreement in the event that one is signed.
The Company has also decided after extensive Due Diligence that it is terminating the LOI with Luxur Resources as previously announced September, 30, 2010 as it does not fit into the current direction of the company.
Safe Harbor Act Notice:
Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct
About Quad Energy Corp.
An independent junior oil and gas exploration, development and production company headquartered in Orlando, FL.The Company is duly incorporated in the State of Nevada. The Company's common shares are listed for trading on the electronic over-the-counter pinksheet's (OTC-PINK) market in the United States and trades under the symbol "CDID".
Behalf of the Board of Quad Energy Corp
Quad Energy Corp. Orlando, FL 407-506-4397 info@quadenergycorp.com www.quadenergycorp.com
Source: Marketwire Canada (December 7, 2010 - 3:44 PM EST)
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Alexis Announces Update to Lac Pelletier Property Option
Dec. 7, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 12/07/10 -- ALEXIS MINERALS CORPORATION (TSX: AMC)(OTCQX: AXSMF) ("Alexis" or the "Company") announces that further to its previous disclosure, the Company issued a production commitment notice to Thundermin Resources Inc. ("Thundermin") prior to September 1, 2010 to exercise its option to acquire the Lac Pelletier Property, in accordance with the September 2005 option agreement between the Company and Thundermin and related amendments thereto (the "Option Agreement"). The Company has been in discussion with Thundermin regarding the transfer of full title and ownership of the Lac Pelletier Property to the Company since the issuance of the production commitment notice. The Company has been advised that Thundermin intends to initiate an arbitration pursuant to the Option Agreement in the absence of a resolution to this matter.
Alexis continues work on the Lac Pelletier Property and believes that it has duly exercised its option under the Option Agreement. Alexis is fully prepared to defend its rights in respect of the Lac Pelletier Property through the arbitral process.
About Alexis Minerals
Alexis Minerals Corporation is a Canadian mining company listed on the Toronto Stock Exchange (symbol "AMC") and trades in the United States on the Over the Counter QX International platform ("OTCQX: AXSMF"). The Company owns one producing gold mine in Val-d'Or and the right to earn a 100% interest in the Lac Pelletier gold property in Rouyn-Noranda, both in Quebec. Alexis also owns the Snow Lake Mine in Manitoba. With these assets Alexis has the potential to develop gold production forwards. Alexis is targeting mid-tier gold production levels in 2011. Alexis undertakes exploration in the mineral rich Val-d'Or (100% ownership of 212 sq. km.) and Rouyn-Noranda Mining Camps (50% ownership of 785 sq.km and in joint venture with Xstrata Copper) as well as in the Snow Lake Mining Camp (100% ownership of 92 sq. km). For more information about Alexis Minerals visit alexisminerals.com.
Forward-looking information
This document may contain or refer to forward-looking information within the meaning of applicable securities laws, based on current expectations, including, but not limited to, expected outcome of negotiations, title to the Company's properties and future mining plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual outcome to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Alexis does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Contacts:
Alexis Minerals Corporation
David Rigg
President and CEO
(416) 861-5889
(416) 861-8165 (FAX)
info@alexisminerals.com
www.alexisminerals.com
Alexis Minerals Corporation
Louis Baribeau
Relationniste
(514) 667-2304
lb@decorporateconsultants.ca
Source: Marketwire (December 7, 2010 - 5:20 PM EST)
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Canasia Industries Corporation: Clone Returns 68.65 Grams Per Tonne Gold From Bulk Sample
VANCOUVER, BRITISH COLUMBIA, Dec. 8, 2010 (Marketwire) -- Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINK SHEETS:CANSF)(FRANKFURT:45C) has been informed by the operator that all of the samples have been completed at the Clone gold property and the final grade for 34 one tonne samples retuned an average of 68.65 grams per tonne.
Negar Adam, President of Canasia stated, "We are very pleased with the 2010 drill program at the Clone as it confirmed and expanded the gold zone. Management is planning a much larger bulk sample program and drill program for 2011, and we anticipate being able to get back on the property much earlier than in 2010. Management is also optimistic that additional work may commence on our other projects shortly."
E.R.Kruchkowski, PGeo, a qualified person under National Instrument 43-101, has read and authorized this news release.
Canasia no longer holds an interest on the Eyehill Prospect.
If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com.
Canasia has a well diversified portfolio of prospects. Canasia's current prospects include the following: (a) the Clone Gold prospect in Stewart, BC, that has returned grades as high as 44.75 g/t Au over 12.80 metres (announced October 22, 2009); (b) the Debut Gold prospect in NE Nevada; (c) 55,300 contiguous acres at Reed Lake, Manitoba; (d) 450,000 contiguous acres of Potash claims, bordering Alberta and Saskatchewan; (e) 130,500 acres prospective for Coal in SE Saskatchewan; (f) 180,000 acres prospective for Lithium in Alberta; (g) and mineral claims covering an area of approximately 9,200 hectares, located within the El Oro -- Tlalpujahua Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Negar Adam, President, Director
Canasia Industries Corporation
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Canasia Industries Corporation President, Director 1-877-225-6755 604-689-1733 (FAX) info@canasiaind.com www.canasiaind.com
Source: Marketwire Canada (December 8, 2010 - 3:02 AM EST)
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Brookemont Capital Inc.: Submission Made for Final Approval on 63.4 Square Kilometre Gold Prospect Bordering Canaco in Tanzania
VANCOUVER, BRITISH COLUMBIA, Dec. 8, 2010 (Marketwire) -- Brookemont Capital Inc. (TSX VENTURE:BKT) (PINK SHEETS:BKTRF) ("Brookemont" or the "Company") wishes to announce that it has now submitted to the TSX Venture Exchange ("Exchange") for final approval of the property acquisition in Tanzania. At this time Brookemont has received conditional approval by the Exchange for the property acquisition. On September 7, 2010, Brookemont announced it had entered into an option agreement with an arm's length vendor to acquire a 63.4 square kilometre property located in the Handeni Region of Tanzania. This prospect is bordering Canaco Resources Inc.'s (CAN-TSX.V) ("Canaco") Handeni Prospect in Tanzania.
Conrad Clemiss, President of Brookemont stated, "We have now made the submission for final approval of the property acquisition to the TSX Venture. When you look at how the market has embraced Tanzanian gold companies such as Canaco, management is excited about the potential impact this project would have on the Company, especially since Brookemont currently has just over 30 million shares outstanding."
Brookemont currently has the following projects: (a) quartz mineral claims in the Yukon bordering Underworld, which was recently taken over by Kinross Gold Corporation and directly above the Coffee Discovery from Kaminak; (b) mineral claim blocks in the Stewart Mining Region of British Columbia bordering Canasia Industries Corporation's Clone Prospect; (c) mineral claims prospective for lithium in Northern Ontario; and (d) land in North Eastern Quebec prospective for REE's. Brookemont has approximately 30 million shares outstanding.
Conrad Clemiss, Chief Executive Officer, Director
Brookemont Capital Inc.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Brookemont Capital Inc. Chief Executive Officer, Director 1-604-899-9150 info@brookemontcapital.com www.brookemontcapital.com
Source: Marketwire Canada (December 8, 2010 - 3:02 AM EST)
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Yesterday 7:29 PMby Whisper from Wall Street
OTCStockExchange Update
Yesterday 7:07 PMby OTC Stock Exchange
Xtremepicks.com: VGGCF, ACTC - Buying on dips at key le...
Yesterday 6:49 PMby Xtreme Picks
Lebed.biz Alert - CCPR, $16mm market cap, $63mm revenue...
Yesterday 5:29 PMby Lebed
QLTI & PWRM - Todays` Stock Highlights! from PennyToBuc...
Yesterday 5:15 PMby Penny to Buck
(RP, PWRM) - Stock Watch From Stock-PR.com On RealPage ...
Yesterday 5:15 PMby Stock PR
(VSI, PWRM) Stock Watch From PennyOmega.com On Vitamin ...
Yesterday 5:00 PMby PennyOmega
Read more: http://stockreads.com/Stock-Newsletters-Browse.aspx#ixzz17Vk63NNp
Top Penny Stock Newsletter Picks
HHWW in 11 Newsletters
IDOI in 11 Newsletters
PWRM in 10 Newsletters
ACTC in 9 Newsletters
MSLP in 8 Newsletters
SILA in 8 Newsletters
HIRU in 7 Newsletters
TRTB in 7 Newsletters
AVSC in 6 Newsletters
BTDG in 6 Newsletters
HIII in 6 Newsletters
ORFG in 6 Newsletters
SAVW in 6 Newsletters
FDEI in 5 Newsletters
NATC in 5 Newsletters
Top Stock Picks From The Stock Boards
SAEI (10) LKEN (10) LBGE (10) DGRI (10) SNEY (8) BLAP (8) SPPH (7) CYCA (6) NSCT (4) MFTH (4) HIMR (4)
Board Buzz from OTCBB Alerts
Symbol # Picks Authors
SPPH 3 moneymaker168 , cherrob , humblehawk
SNEY 3 paramount , SmartDayTrader , MASTERTRADER
LBGE 3 Carlito , deevee , cherrob
SAEI 2 paramount , SmartDayTrader
LKEN 2 paramount , SmartDayTrader
HIMR 2 digin4gold , needbucks
DGRI 2 paramount , SmartDayTrader
USOG 1 Giannuzzo
TUCN 1 wayno2
SREH 1 Le2dynasty
NSCT 1 Shylo
NRTI 1 J-Rhino
HTLJ 1 Adonis74
GEEZ 1 GEEZ
FDEI 1 The_Edge
DUNR 1 augustafriends
CONX 1 humblehawk
BONZ 1 humblehawk
BLUG 1 humblehawk
BLAP 1 moneymaker168
ACUS 1 humblehawk
Board Buzz from Yahoo Shakerzandmoverz
Symbol # Picks Authors
LKEN 3 Mike , Jkai Hsu , mikehonglin
DGRI 3 Otc Informer , Mike , mikehonglin
SAEI 2 Mike , mikehonglin
SNEY 1 mikehonglin
QEDN 1 Bob
APCVZ 1 Jkai Hsu
ALTO 1 Jkai Hsu