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Molycor Announces $400,000 Private Placement
VANCOUVER, BRITISH COLUMBIA, Nov. 17, 2010 (Marketwire) -- Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) ("Molycor" or the "Company") is pleased to announce that it has negotiated a non-brokered private placement (the "Private Placement") of up to 5,000,000 flow-through units (the "FT Units") at a price of $0.08 per FT Unit, for aggregate proceeds of up to $400,000.
Each FT Unit will consist of one flow-through common share (a "Flow-Through Share") and one non-flow-through common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one non-flow-through common share (a "Non-Flow-Through Share") for a period of two years at an exercise price of $0.13. All of the securities issued pursuant to this offering will have a hold period expiring four months and one day after the closing date.
The Flow-Through Shares will entitle the holders to a 100% CEE deduction, a 15% Federal tax credit for grass roots exploration and a 20% tax credit for exploration in British Columbia.
In connection with the Private Placement, the Company has agreed to pay a cash finder's fee of 6% of the aggregate proceeds of the Private Placement and to issue non-flow-through finder's fee warrants (the "Finder's Fee Warrants") equal to 8% of the number of FT Units subscribed for. Each Finder's Fee Warrant will entitle the holder to purchase one Non-Flow-Through Share for a period of two years at an exercise price of $0.13. The Finder's Fee is payable in accordance with the policies of the TSX Venture Exchange (the "Exchange").
The Private Placement is subject to Exchange approval.
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.
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 (November 17, 2010 - 3:00 PM EST)
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Molycor Announces $400,000 Private Placement
VANCOUVER, BRITISH COLUMBIA, Nov. 17, 2010 (Marketwire) -- Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) ("Molycor" or the "Company") is pleased to announce that it has negotiated a non-brokered private placement (the "Private Placement") of up to 5,000,000 flow-through units (the "FT Units") at a price of $0.08 per FT Unit, for aggregate proceeds of up to $400,000.
Each FT Unit will consist of one flow-through common share (a "Flow-Through Share") and one non-flow-through common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one non-flow-through common share (a "Non-Flow-Through Share") for a period of two years at an exercise price of $0.13. All of the securities issued pursuant to this offering will have a hold period expiring four months and one day after the closing date.
The Flow-Through Shares will entitle the holders to a 100% CEE deduction, a 15% Federal tax credit for grass roots exploration and a 20% tax credit for exploration in British Columbia.
In connection with the Private Placement, the Company has agreed to pay a cash finder's fee of 6% of the aggregate proceeds of the Private Placement and to issue non-flow-through finder's fee warrants (the "Finder's Fee Warrants") equal to 8% of the number of FT Units subscribed for. Each Finder's Fee Warrant will entitle the holder to purchase one Non-Flow-Through Share for a period of two years at an exercise price of $0.13. The Finder's Fee is payable in accordance with the policies of the TSX Venture Exchange (the "Exchange").
The Private Placement is subject to Exchange approval.
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.
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 (November 17, 2010 - 3:00 PM EST)
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Dadongnan Holding Company Lists on the Over the Counter Market
Nov. 17, 2010 (GlobeNewswire) --
NEW YORK, Nov. 17, 2010 (GLOBE NEWSWIRE) -- Dadongnan Holding Company (Pink Sheets:DGDH), a leading producer & distributor of home, office & retail bottled water to clients has completed a successful listing of its company on the Over the Counter Market.
Founded in 2002, Dadongnan is the premier provider for Zhejiang Provence (est. population of 50 Million) of bottled water and purified water. Supplied from a 300-meter well, the Company distributes under three different brands: Spring Water from Humble Cottage, Returned Water from the Nature and Cliffside Spring after Rain.
Peiliang Xu, President and CEO commented, "We are proud to be a listed company in the U.S. While we distribute a 'relative' commodity, the importance of our product in the Province's well being cannot be underestimated. Our process of purification is unique in Zhejiang because we use patented Austrian technology. We believe our organic growth rate will be on par or surpass other bottlers due to our proximity to Ningbo, Hangzhou and Huzhou."
About Dadongnan Holding Company
Located in Zhejiang province, Dadongnan supplies and provide potable and bottled water to commercial and individual clients in the cities of Hangzhou, Ningbo, and Cizi. Using a 300-meter well, the Company uses European technology for their purification process. For more information, please visit http://www.4008899174.com/DDNGroup/index.jsp
Legal Disclaimer
The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.
CONTACT: Pivo Associates, Inc.
In New York
Richard Oravec
212.924.3548
info@pivoassoc.com
Source: Globe Newswire (November 17, 2010 - 1:42 PM EST)
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Lamperd Less Lethal Announces the Cayman Islands as a New Customer for Our Less Lethal Guns
SARNIA, ONTARIO, Nov. 17, 2010 (Marketwire) -- Lamperd Less Lethal (PINK SHEETS:LLLI) is pleased to announce that the Cayman Islands, a British Colony, will be supplying their prison services with our complete line of launchers, and our less lethal AR/15 50 cal. upper. Working with the Cayman Islands has been a 2 year process, and this is the first time they will be using any type of guns in their prisons. In the past they have trained at Lamperd's facility with our complete line of products: Defender I, Defender II, and the AR/15 50 cal. less lethal upper. We are pleased that they have chosen our product line rather than the stun gun technology; the stun technology is associated with numerous deaths worldwide; Lamperd's products have caused zero deaths.
Lamperd has 40 years experience in manufacturing Police and Military products and our patented Wasp round is composed of a specialized composite that allows it to maintain its properties over a wide range of temperatures from -50 degrees C to 100 degrees C (-58 to 212 degrees F ). It also dissipates energy, thus inflicting an adequate but not lethal trauma to the target.
Our Defender I has these distinct advantages:
1. The Defender I can be equipped with a gun-mounted camera to record actions of combative subject assisting in articulating the operator's action in regard to Use of Force guidelines.
2. The Defender I weapons system provides it's operators a standoff distance to as much as 40 feet, allowing officers time to assess the result of the deployment on the combative subject and reevaluate the situation.
3. The Defender I provides four additional follow up shots without having to reload under pressure; deploying the Defender specialty impact munitions uses the same skill set the operator uses with their firearm.
4. The ability to deploy the Defender I with one hand is invaluable in confined space combat; it can go where large 37mm and 40mm are unwieldy.
5. The Defender I is versatile, putting more tools in the tactical toolbox:
Training Cartridge: used for realistic scenario's.
Marking Cartridge: used for Public Order applications to mark instigators for arrest at a later time, or to mark a target address or vehicle.
Safety Soc Cartridge: Low energy - used at close range when situational appropriate; reduces the chance of injury to the subject.
High Energy: used for greater standoff to threat; as much as 40 feet which allows operator to assess and evaluate the situation.
Wasp: Specialty Impact Munitions of rubber butyl material for greater accuracy at appropriate standoff distances.
Pepper Cartridge: used to incapacitate an individual, reducing the chances of cross contamination.
Distraction Cartridge: produces 135 decibels of sound; used as a distraction, creating an opportunity to put your tactical plan into action.
Breaching Cartridge: used to defeat locks or hinges, very effective against attack dogs.
Lamperd is engaged in ongoing negotiations currently with the Middle East and the U.S. for national distribution of our products, and has been assigned a NATO Commercial and Government Entity (NCAGE) Code, which enables it to sell military supplies to any NATO member country, and a federal Business Firearms License, which allows for the manufacture, repair, storage, import, export and sale of virtually any manner of firearms and ammunition. Lamperd is one of only a very few manufacturers of less-lethal munitions in the world to receive these approvals. As a result of receiving this high level accreditation, the company has the opportunity to significantly increase sales through access to the NATO market.
Lamperd Less Lethal Inc. info@lamperdlesslethal.com www.lamperdlesslethal.com
Source: Marketwire Canada (November 17, 2010 - 11:37 AM EST)
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Sunset Brands, Inc's US Financial Assets Implements On-Demand Mobile Payment Solution for Millions of Users Nationwide
Nov. 17, 2010 (GlobeNewswire) --
JACKSONVILLE, Fla., Nov. 17, 2010 (GLOBE NEWSWIRE) -- Sunset Brands, Inc (Pink Sheets:SSBN) is pleased to announce that its recently acquired, Kaizen Communications (www.kaizencommunications.net), a mobile tech firm specializing in mobile payments, distribution of mobile content and mobile campaign management, has integrated a partnership with America's leading on-demand payment processor, Billing Tree.
Billing Tree, the proven leader in on-demand payment processing, offers a suite of payment solutions ranging from web payments to check conversions, and is currently processing over 3.4 million transactions per month. They provide every available option for accepting payments and simplify the process of receiving and applying payments without the need for additional software.
USFA executives are confident that the newly formed alliance with Billing Tree will turbo-power Kpay, Kaizen's mobile payment and billing reminder software. Kpay is currently allowing customers the ability to pay bills, send and receive funds, and execute point of sale transactions from any mobile phone.
Kaizen's CTO, Curtis Keith, states: "Integrating with Billing Tree will enable Kaizen to bring mobile bill presentment and payments to a mass audience, allowing simplified mobile payments to become a reality for customers using their SMS enabled mobile device."
Alliances with Billing Tree and other forward-thinking organizations confirm the progression of mobile payments, and the fact that customers are looking to mobile as a viable option to pay their bills, and execute other transactions.
Juniper Research finds that half (to exceed 2.5 billion users) of all transactions worldwide will be done via mobile device by 2014. Juniper states, "The user demand for convenient and intelligent ways in which to make payments for goods and services using a mobile phone is creating exciting opportunities for those organizations that are part of the mobile payment ecosystem."
Sunset Brand's USFA CEO, J. Bert Watson, Sr., comments, "This is a major breakthrough for USFA. Our comprehensive payment solution is patent pending and part of a payment revolution that offers users a more convenient option to pay over traditional methods. Kaizen is currently in negotiations and expecting to sign this week other third party billers which will represent over 15 million bills per month. The impact this has on revenues for USFA moving forward is tremendous."
US Financial Assets, Inc. is a Financial Services firm with a focus on the strategic acquisition and investment in federally insured banks, mortgage companies, SBA, insurance, mortgage title companies, management and capital consultative services, REIT and distressed real estate holdings primarily in the Southeast Region of the U.S.A. The firm recently acquired Kaizen Communications, implementing several applications within a nationwide launch of mobile payment solutions.
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.
PR PREPARED BY NMR, LLC
CONTACT: US Financial Assets
Jeffrey S. Betros, EVP - Investor Relations
904-436-6217
jbetros@usfinancialassets.com
Source: Globe Newswire (November 17, 2010 - 10:29 AM EST)
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Additional Information
Immudyne Shows Clinical Data
Nov. 17, 2010 (GlobeNewswire) --
MUNICH, Germany, Nov. 17, 2010 (GLOBE NEWSWIRE) -- Immudyne, Inc. (Pink Sheets:IMMD) is pleased to announce that Sven Rohmann, MD, PhD presented clinical data on Immudyne's ultra pure beta glucan produced from yeast through a proprietary patented process, in both orally and topically administered forms.
Immudyne's ultra pure beta glucan, administered orally with a daily dosage of 7.5 mg was shown to prevent the reoccurrence of cancer in 100% of 26 study participants who were in remission at the initiation of the study, compared to a matched control group of 23 participants that experienced a reoccurrence rate of 22 %.
In another clinical study Immudyne's ultra pure beta glucan was administered orally with a daily dosage of 15 mg to terminally-ill cancer patients, who were described as having a life expectancy of three months or less. After three months 79.6% of the 54 participants were still living, compared to only 2.4% of the 45 participants in the control group. After six months 43% of the participants taking Immudyne's beta glucan were still living, compared to none of the control group.
Dr Rohmann commented that these studies and others point to the potential of a therapeutic regimen combining Immudyne's ultra pure beta glucan with traditional forms of cancer treatments.
Dr. Rohmann also described a clinical study of the effectiveness of Immudyne's two topical beta glucan products. Applied twice daily the Immudyne products reduced the number and intensity of wrinkles in the female study participants significantly. At the initiation of the study the women had an average appearance of 44 years, as determined by the average wrinkle score. By the end of the eight week study the women had an average appearance of 29 years.
Immudyne is a biotechnology company that possesses an array of patented processes for the extraction of beta glucan from yeast in the most pure form available. Immudyne's products are currently being used in the nutraceutical field to aid in immune system function, in skin creams to reduce the signs of aging, and in the animal feeds industry as a substitute for antibiotics. Immudyne's processing facilities are located in Florence, Kentucky. Its products are sold globally.
About Immudyne(R)
Immudyne manufactures, distributes and sells all-natural yeast beta glucan products for immune system support.
Immudyne shares trade under the ticker symbol IMMD and the Company can be found on the web at www.immudyne.com (currently being transformed)
Cautionary language regarding Forward-Looking Statements
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain statements in this press release may contain words such as "anticipates,""believes," "could," "estimates," "expects," "intends," "may," "projects," "plans," "targets" and other similar language and are considered forward-looking statements. These statements are based on management's current expectations, estimates, and forecasts. These forward-looking statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and therefore the actual results may be materially different from those discussed.
CONTACT: Immudyne, Inc.
Mark McLaughlin
1-914-714-8901
MarkMcL@immudyne.com
Source: Globe Newswire (November 17, 2010 - 9:32 AM EST)
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Soltera Mining Corp. Announces Gold Test Work Program at their El Torno Gold Property in Jujuy, Argentina
JUJUY, ARGENTINA, Nov. 17, 2010 (Marketwire) -- Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. (PINK SHEETS:SLTA)(FRANKFURT:SN7) (www.solteramining.com) is pleased to present the following update on company activities.
Goldlake Group Financing
In September 2010, Goldlake Italia S.p.A. (Goldlake Group) invested US$200,000 into Soltera Mining under the terms of a Financing Agreement signed June 9, 2010 in return for 2,000,000 restricted units consisting of one restricted share of common stock in the capital of Soltera Mining and one share purchase warrant. Each warrant enables Goldlake Group to purchase two additional restricted shares of common stock at a price of $0.15 per share, (ref.: 8K filed with SEC by Soltera Mining September 8, 2010 for details of Financing Agreement).
This is the second tranche of funding received from Goldlake Group, (the first was US$300,000 paid in June 2010), and is double the amount required by the Agreement. These new funds have been allocated primarily for test work, including surface sampling and processing, on the El Torno gold property in Argentina.
Test Work Program
The test work program was designed to provide information on both the easily treatable surficial gold and the larger dispersed gold and gold vein targets. As of November 12, 2010, the surface sampling was completed and several hundred samples are being prepared for analysis at an internationally recognized laboratory. Two Goldlake Group specialists from Honduras, a geologist and a mining technician who had participated in the overall planning, were present for part of the field operations.
Appointment of New Director
Subsequent to the Financing Agreement, Dr. Stefano Capaccioli was appointed to the Board of Directors of Soltera Mining on August 27, 2010. Involved with Goldlake Group since 2003, Dr. Capaccioli contributed to the founding of their companies in both the UK and Central America and is currently their Director responsible for Tax and Legal Issues. Dr. Capaccioli is a chartered accountant, auditor and Chief Executive Officer of Studio Capaccioli, a well known company of chartered accountants and tax, accounting and business consultants based in Arezzo, Italy.
Relinquished Property
Option agreements on the Eureka and Sur Eureka copper properties have been relinquished in order to concentrate on exploration and development of the El Torno gold property.
SEC/BCSC Filings
Steps are being taken to allow Soltera Mining to complete all requisite SEC and BCSC filings with a view to bringing the Company into compliance of reporting requirements as soon as possible.
Ambrian Lawsuit
In July 2010 Soltera Mining Corp. was served with a lawsuit in Nevada by Ambrian Resources AG (Ambrian) claiming damages on the alleged grounds that Ambrian had negotiated and finalized a binding funding agreement with Soltera Mining during April-June 2010 but instead Soltera Mining chose to enter a financing agreement with another company (Goldlake Group). Ambrian also claimed for unjust enrichment and misappropriation of trade secrets on the alleged grounds that Soltera Mining used a strategy developed by Ambrian and information provided by a South African mining engineer who visited the project at Ambrian's expense.
Soltera denied all the claims and moved that the lawsuit be dismissed. On 21st September 2010, the District Court of Clark County, Nevada granted the Motion to Dismiss four of the six claims; the breach of contract claims were dismissed but the claims for unjust enrichment and misappropriation of trade secrets were denied dismissal. This means that the action will continue only as it relates to the claims concerning strategy allegedly developed by Ambrian and information allegedly provided on their behalf by the mining engineer. (ref.: Clark County Courts Records Inquiry ref no. A619956 for case status.)
About El Torno
El Torno is located in northern Argentina near the international border with Bolivia. The 78 km(2) area has potential for world-class gold deposits of two types: vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past; and dispersed gold in suites of small veins and stockworks that are separate from the main system and could be major open-pit targets. Furthermore, the gold throughout El Torno seems to be commonly free gold with some in micro-plate form thereby offering the possibility of recovery by simple mechanical rather than chemical processes.
El Torno also contains a third type of gold deposit known as eluvial which is formed of weathered material derived from gold-bearing bedrock. Broad patches of this material, usually 2m to 3m deep, are distributed throughout the area, commonly centered on the large open-pit targets. (ref.: El Torno Gold Project Report 2009 for technical details.)
About Goldlake Group
Goldlake Group was formed in 2003 and is owned by Gold Holding, the holding company of the family of Franco Colaiacovo, a founder of Italy's third-largest cement company, Colacem. In July 2009, Cartier, the world-renowned jeweler, and Goldlake Group announced their collaboration in supplying 'ethical gold' to Cartier directly from Goldlake's Eurocantera mining operation in Honduras (ref.: www.goldlake.co.uk).
Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision.
Soltera Mining Corp. President/CEO 1-888-768-5552 info@solteramining.com www.solteramining.com
Source: Marketwire Canada (November 17, 2010 - 9:16 AM EST)
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International Montoro Resources Inc.: Electric Metals Receives Complete Airborne Survey Results on Chuchinka Ree Property
VANCOUVER, BRITISH COLUMBIA, Nov. 17, 2010 (Marketwire) -- International Montoro Resources Inc. ("Montoro") (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) is pleased to announce the receipt from Electric Metals Inc. (TSX VENTURE:EMI) ("Electric Metals") of complete airborne geophysical survey data provided by Aeroquest Surveys Ltd. flown over the Chuchinka rare earth element property. The Chuchinka property is contiguous with the Wicheeda claims of Spectrum Mining Corporation (a private company), who have previously reported high grade drill intercepts of 3.55% rare earth elements ("REE") over 48.64 metres.
The airborne geophysical program consisted of 654 line kilometers of AeroTEM helicopter-borne, time domain electromagnetic plus radiometric surveying flown at high resolution 50 metre line spacing. The survey covered a 29.4 square kilometre area and was successful in mapping the magnetic and conductive properties of the geology. Several magnetic and electromagnetic anomalies were identified within the northwest extension of the structural belt that contains the Wicheeda REE mineralization. This data will be interpreted by an independent geophysical expert in order to prioritize exploration work on these targets, and define geochemical sampling areas and prospective sites for drilling.
Bolero Resources Corp. (TSX VENTURE:BRU), and the Canadian International Minerals Inc. (TSX VENTURE:CIN)-Commerce Resources Inc. (TSX VENTURE:CCE) joint venture have completed AeroTEM surveys on adjoining properties, exploring for rare earth element mineralization in the vicinity of the Wicheeda project. Bolero has received drill permits and expects drilling to follow upon completion of the interpretation of the airborne data (see Bolero September 16, 2010 news release). CIN's airborne survey has confirmed the apparent continuity of lithology and depositional environment (see CIN August 19, 2010 news release) from the adjacent Wicheeda discovery. CIN is currently drilling the Carbo property, executing an initial 1200 + metre program (currently on the eighth drill hole - see CIN November 8, 2010 news release) and will continue until weather dictates the end of safe and cost effective working conditions.
Electric Metals has an option to earn a 75% interest in the Chuchinka property from Int. Montoro by paying $240,000, issuing 700,000 common shares of Electric Metals and incurring $425,000 in exploration expenditures over three years.
The Chuchinka and Wicheeda Properties -High Grade REE Target Locale
According to Spectrum Mining Corporation's paper presented at the 5th Annual Minerals South Conference & Trade Show in October 2009, Spectrum completed eleven diamond drill holes totaling 1,835 metres on the "Main Zone" at Wicheeda. All 11 drill holes intersected significant rare earth mineralization, of which the best drill intercepts were a 48.64 metre interval that returned 3.55% REE, a 72.0 metre interval that returned 2.92% REE, and a 144 metre interval that returned 2.20% REE in three separate holes. The 2009 drilling suggests that mineralization remains open in all directions, including to the north of Wicheeda where the Chuchinka property is located.
Mr. Chris Taylor, M.Sc. P.Geo., is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of this news release.
Other:
The Company has granted 2,000,000 incentive stock options to directors, officers and consultants under its Stock Option Plan for a period of three years at a price of $0.10. All securities issued are subject to regulatory approvals and the Company's Stock Option Plan.
About International Montoro Resources Inc.
Montoro recently acquired 2268 ha (5 claims - the Chuchinka property) contiguous to and adjoining a recently reported Rare Earth discovery, northeast of Prince George, B.C. Montoro is also focused on advancing its 100% optioned Elliot Lake uranium/REE project in northern Ontario. In addition the Company will continue the development with Belmont Resources Inc. (50/50) of its Crackingstone -982 ha and Orbit -11,109 ha uranium properties in the Uranium City District - Northern Saskatchewan. The Company also holds two claim blocks (50/50 with Belmont) in the Central Mineral Belt in Labrador. The Companies have recently optioned one claim block to Rare Earth Metals Inc. (TSX VENTURE:RA) in the historical Letitia Lake-Red Wine rare earth metals camp of west-central Labrador.
For further information phone the Company at 604-683-6648. Also visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt).
The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.
ON BEHALF OF THE BOARD OF DIRECTORS,
Gary Musil, President, CEO/Director
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.
International Montoro Resources Inc. President, CEO/Director (604) 683-6648 (604) 683-1350 (FAX) www.montororesources.com
Source: Marketwire Canada (November 17, 2010 - 9:01 AM EST)
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Gold Canyon Continues to Expand the Portage Zone at Springpole-Hole SP10-022 Intercepts 223 Meters at 1.45 Grams Per Tonne Gold
VANCOUVER, BRITISH COLUMBIA, Nov. 17, 2010 (Marketwire) -- Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that a very long intercept of gold mineralization in hole SP10-022, 223 meters at 1.45 grams per tonne gold (731 feet at 0.042 oz per ton gold) including 27 meters at 4.64 grams per tonne gold (89 feet at 0.135 oz per ton gold), extends the Portage Zone an additional 50 meters southeast (please see attached map: http://media3.marketwire.com/docs/gcu1117m.pdf). This hole was lost at 396 meters in broken ground before it could reach its targeted depth. Hole SP10-024 twinned SP10-022, reached its targeted depth, and assays are expected back soon. Springpole Gold Project is 100% controlled by the Company and is located in the Red Lake Mining District of Ontario, Canada.
-- Hole SP10-022 was collared approximately 50 meters southeast of hole
SP10-019 (307 meters at 1.44 grams per tonne gold announced in news
release dated November 2, 2010) intersected 223 meters at 1.45 grams per
tonne gold (731 feet at 0.042 oz per ton gold) including 27 meters at
4.64 grams per tonne gold (89 feet at 0.135 oz per ton gold). Hole SP10-
022 was drilled at an azimuth of 220 degrees true north and inclination
of -45 degrees, parallel to hole SP10-019. Because hole SP10-022 did not
reach its intended depth, a twin hole, SP10-024, was drilled nearby and
successfully reached a targeted depth of 506 meters.
-- Hole SP10-022 extends the Portage Zone a further 50 meters southeast.
This hole demonstrates good continuity of mineralization in this part of
the Portage Zone. Holes SP10-022 and -024 are the southeast-most holes
drilled by the Company in 2010. The Portage Zone is wide open to the
southeast and this extension will be the focus of drilling this winter.
-- The strike length of the northwesterly striking Portage Zone presently
stands at approximately 950 meters. In the vicinity of SP10-022, this
zone is believed to be dipping 75 degrees to the southwest to near
vertical. Because SP10-022 did not reach its targeted depth, the true
width of the zone cannot be estimated. Pending results from hole SP10-
024, the twin of SP10-022, should allow estimation of the true width of
the Portage Zone in this area.
-- Results from the remaining eight holes from this summer's drill program
are due back from the lab by mid-December. Hole SP10-024 is a longer
twin of SP10-022. Holes SP10-026 and -29 test the Portage Zone in areas
below holes SP10-007, -009 and -011 (see August 16, 2010 and August 30,
2010 new releases) at the northwest end of the Portage Zone. Hole SP10-
028 tests the mid portion of the zone. Three other holes, SP10-021, -023
and -025, test other targets on the property. Hole SP10-027 was
terminated at 115 meters when the drill hole deviated off course and
thus was unable to reach its intended target zone. In total, the Company
has drilled approximately 10,300 meters of diamond core at Springpole in
2010.
-- Silver assays have returned from holes SP10-012 and -016 (see table
below). Silver was never routinely analyzed at Springpole in the past,
but the Company now conducts systematic assaying of silver on all new
holes. The Portage Zone demonstrates appreciable silver such as hole
SP10-012, 133 meters at 8.55 grams per tonne silver (436 feet at 0.250
oz per ton silver). Silver to gold ratios from the Portage Zone
generally range from 2.5:1 to 11:1.
-- Plans are being made for the Winter 2011 Diamond Drill Program. The
Company is planning an aggressive drill program, funded by the recently
completed $6,000,000 financing (see news release dated October 29,
2010), to further evaluate the size of the Portage Zone. Up to 10,000
meters of drilling are planned utilizing three diamond core rigs
beginning in early January, 2011, weather permitting.
"The Portage Zone continues to deliver consistent drill results," comments Dr. Quinton Hennigh, technical advisor to Gold Canyon. "Hole SP10-022 is the southeast-most hole drilled by Gold Canyon to date. We feel confident our upcoming winter drill program will continue to expand this very large gold system. We are also pleased to see consistently high silver from the Portage Zone. Our silver assays suggest that, in essence, we are finding a few ounces of silver for every ounce of gold."
---------------------------------------------------------------------------
Summary of Significant Intervals in Hole SP10-022
Gold
From To Length (grams per Length Gold
Hole (meters) (meters) (meters) tonne) (feet) (oz per ton)
SP10-022 155 378 223 1.45 731 0.042
includes 180 207 27 4.64 89 0.135
Poor to no core recovery was experienced from 378 to the end of the hole at
396 m where the hole was lost in broken ground
Hole SP10-024 twinned SP10-022 and drilled to 506 m depth; assays are
pending
---------------------------------------------------------------------------
Reported intervals apply a 0.34 gram per tonne gold (0.01 oz per ton gold)
cutoff.
Weighted averages were use to calculate all reported intervals.
Internal dilution within reported intervals does not exceed core lengths of
12 meters.
1 troy ounce = 31.103 grams
Conversion factor - grams per tonne to troy ounces per short ton; g/t
divided by 34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet
----------------------------------------------------------------------------
Gold and Silver Intervals from Holes SP10-012 and -016
Previously
Announced Previously
Gold Silver Announced Silver Silver
(grams (grams Gold (oz to
From To Length per per Length (oz per per Gold
Hole (meters)(meters)(meters) tonne) tonne) (feet) ton) ton) Ratio
SP10-012 275 408 133 0.79 8.55 436 0.023 0.250 10.9
includes 275 284 9 2.54 6.06 30 0.074 0.177 2.4
includes 359 362 3 8.76 128.37 10 0.256 3.748 14.6
This hole deviated, and as a result, did not test the full width of the
targeted zone.
Short intervals of no core recovery were encountered at 314-317 m, 329-332 m
and 362-365 m.
Zones of no recovery were given 0 gold and silver grade in the weighted
averages above.
SP10-016 181 187 6 0.94 17.42 20 0.027 0.509 18.8
206 511 305 1.03 4.71 1000 0.030 0.138 4.6
includes 289 463 174 1.35 5.62 571 0.039 0.164 4.2
includes 289 292 3 7.30 58.80 10 0.213 1.717 8.1
includes 312 322 10 2.94 8.72 33 0.086 0.255 3.0
includes 387 397 10 2.08 7.52 33 0.061 0.220 3.6
Hole ends in mineralization.
Short intervals of no core recovery were encountered at 247-250 m, and 445-
448 m.
Zones of no recovery were given 0 gold and silver grade in the weighted
averages above.
----------------------------------------------------------------------------
Reported intervals apply a 0.34 gram per tonne gold (0.01 oz per ton gold)
cutoff.
Weighted averages were use to calculate all reported intervals.
Internal dilution within reported intervals does not exceed core lengths of
8 meters.
1 troy ounce = 31.103 grams
Conversion factor - grams per tonne to troy ounces per short ton; g/t
divided by 34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet
The Summer 2010 Diamond Drill Program, now complete, is part of an ongoing program of drilling and remodelling of the Springpole deposit to move it towards prefeasibility. Drilling is planned to continue through April 2011, at which time work will begin on revising the resource estimate for the deposit.
Springpole is an alkaline intrusion hosting a gold system that represents a potentially new style of Canadian Archean Shield gold deposit. Springpole shares many similarities with deposits such as the Cripple Creek Gold deposit in Colorado. The Portage Zone is hosted by a trachytic porphyry intrusion displaying polyphase autolithic breccias that contain gold mineralization of remarkably uniform grade. Other zones including East Extension, Camp and Main consist of high grade veins and pods hosted in diatreme breccias composed of intrusive and country rocks. These diatreme breccias surround the northwest and northern margins of the Portage Zone. The known mineralized zones underlie a total known area of about 4 square kilometres representing only about 15 percent of the greater alkaline intrusive complex which yet remains to be explored.
Core was logged, then split using diamond saws, with one half sent for analyses and the other half stored for future reference. Quality control programs include the use of duplicates, standards and internal and external check assaying. Certified sample standards were submitted with the normal sample stream. Gold and silver assays were completed by SGS Canada Inc. in Red Lake and Toronto, Ontario using a 30 gram charge, fire assay, with an ICP finish. For over limit assay results, initial assays in excess of 10.0 grams per tonne Au, a gravimetric finish is utilized.
Quinton Hennigh, Ph.D., P.Geo. and Alan Roberts, M.Sc., P.Geo. are the Qualified Persons pursuant to National Instrument 43-101 responsible for, and have reviewed and approved, the technical information contained in this news release. Dr. Hennigh is acting as a technical adviser to Gold Canyon and Alan Roberts is the Senior Geologist of Alaska Earth Sciences, Inc. and Project Manager at Springpole.
About Gold Canyon Resources Inc.:
Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc. pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.
Through its wholly owned U.S. subsidiary, Gold Canyon Resources USA Inc., the Company controls a 100% interest in the Cordero Gallium Project situated in Humboldt County, Nevada, U.S.A.
Gold Canyon entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.
Additional information can be found on the Company's website: www.goldcanyon.ca.
Akiko Levinson, President & Director
Certain statements contained in this news release using the terms "may", "expects to", "project", "estimate", "plans", and other terms denoting future possibilities, are forward-looking statements in respect to various issues including upcoming events based upon current expectations which involve risks and uncertainties that could cause actual outcomes and results to differ materially. The future conduct of the Company's business and the feasibility of its mineral exploration properties are dependent upon a number of factors and there can be no assurance that the Company will be able to conduct its operations as contemplated and the accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond our ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. The risks include, but are not limited to, the risks described in the above press release; those risks set out in the company's disclosure documents and its annual, quarterly and current reports; the fact that exploration activities seldom result in the discovery of a commercially viable mineral resource and are also significant amounts of capital to undertake and the other risks associated with start-up mineral exploration operations with insufficient liquidity, and no historical profitability. The Company disclaims any obligation to revise any forward looking statements as a result of information received after the fact or regarding future events.
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.
Gold Canyon Resources Inc. (604) 682-0537 (FAX) info@goldcanyon.ca www.goldcanyon.ca Gold Canyon Resources Inc. Investor Relations (416) 543-3120 leo@frontlineir.com
Source: Marketwire Canada (November 17, 2010 - 8:32 AM EST)
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Quadcom 911 Selects Proxim for Wireless Public Safety Solutions
Suburban Chicago Public Safety Dispatch Agency Connects 16 Locations and Reduces Recurring Costs With Proxim's Wireless Backhaul
Nov. 17, 2010 (Marketwire) --
SILICON VALLEY, CA -- (Marketwire) -- 11/17/10 -- Proxim Wireless Corporation (OTCQX: PRXM) (PINKSHEETS: PRXM), a leading provider of complete indoor and outdoor wireless broadband ecosystems, today announced that Quadcom 911, a multi-agency public safety dispatch center, has selected a combination of Proxim's wireless backhaul and point-to-multipoint (PtMP) solutions to connect the public safety networks of several municipalities in Suburban Chicago in both Kane and Cook Counties. Utilizing Proxim's end-to-end wireless solutions, Quadcom 911 has connected 16 locations, which enables 911 Computer-Aided Dispatch (CAD) for police, fire, and other municipal and public safety agencies across the covered municipalities.
The municipalities utilizing Proxim's highly-reliable wireless system are:
The Village of Carpentersville (Main 911 Computer-Aided Dispatch Center)
The Village of East Dundee
The Village of Sleepy Hollow
The Village of South Barrington
The Village of West Dundee
The East Dundee Fire Protection District
The Rutland Dundee Fire Protection District
"This network links 16 different locations together, and is responsible for connecting the components in our 911 CAD system -- so needless to say, it is extremely mission critical," said Dave Smith, Director of Quadcom 911. "After testing multiple vendors' systems, we selected Proxim because their point-to-multipoint and wireless backhaul solutions provided the highest performance and the best value, while enabling us to run a single, end-to-end wireless network that was easy to deploy and centrally manageable."
The design, development, installation, and management of CAD systems can be a complicated endeavor for medium or large public safety agencies. These systems involve not only the installation of computers and the CAD software, but a reliable connection to a wide variety of other systems including alarm inputs, mobile data systems, records management systems, CAD systems of other agencies, and the local, county, state and federal network of criminal justice databases. To connect all 16 locations and the multiple components required to run a mission-critical 911 CAD system, Proxim's wireless technology provided the cost-effective, high-performance connectivity required to make the system feasible.
In order to provide high-performance 911 CAD connectivity for public safety agencies throughout the seven municipalities covered by this network, Quadcom 911 selected a combination of Proxim's Tsunami® QB-8100 and Tsunami GX 90 point-to-point wireless backhaul and Tsunami™ MP.11 5054 and 5012 point-to-multipoint solutions. By utilizing Proxim's end-to-end wireless solutions, Quadcom 911 was able to reduce leased line costs, which reduces the overall operational costs of the municipalities' networks.
"Not only did the wireless system need to be extremely reliable based on the importance of the 911 CAD systems, but we also needed a system that would help us reduce the number of costly T1 lines in our network," said Mike Spiro, IT Coordinator at the Village of West Dundee. "Proxim's end-to-end wireless platform provided a one-stop shop for all the wireless components we needed. We expect a full Return on Investment (RoI) within 12 months."
In addition to connecting all 16 locations and providing a complete 911 CAD network, Quadcom 911 also wanted to build out a new backup dispatch center. With Proxim's flexible and cost-effective wireless solutions, the deployment time for a backup dispatch center was minimal and Quadcom 911 has also met its goal of providing backup connections for the network covering the municipalities.
"Quadcom 911 and the municipalities involved had a goal of providing greater public safety services and response times over a high-performance, mission-critical network while reducing the cost of their network infrastructure," said Shaun Cohl, Senior Systems Engineer for Proxim Wireless. "At Proxim, our broad wireless ecosystem is ideally suited for deployments such as these where organizations need a cost-effective wireless system without sacrificing the high-performance required for mission-critical applications such as public safety and video surveillance."
About Proxim Wireless
Proxim Wireless Corporation (OTCQX: PRXM) provides Wi-Fi®, WiMAX, Point-to-Multipoint and Point-to-Point Backhaul technologies for a complete indoor and outdoor wireless broadband ecosystem. Our systems enable service providers, governments and enterprises to deploy fixed and mobile security and video surveillance, indoor and outdoor Wi-Fi, business and residential internet access and cell tower backhaul. Proxim has shipped more than 2 million wireless devices to more than 250,000 customers in over 65 countries worldwide. Proxim is ISO 9001-2008 certified. For more information, visit www.proxim.com. For investor relations information, e-mail ir@proxim.com or call +1 413-584-1425.
Safe Harbor Statement
Statements in this press release that are not statements of historical facts are forward-looking statements that involve risks, uncertainties, and assumptions. Our actual results may differ materially from the results anticipated in these forward-looking statements. The forward-looking statements involve risks and uncertainties that could contribute to such differences including difficulties in overcoming the network installation and operational challenges relating to any specific customer or geographical area; factors beyond our control such as weather, geographic, governmental, and interference issues; specific requirements of a given customer in their specific situations; and difficulties or delays in supplying products with the features, performance, compliances, certifications, cost, price, and other characteristics desired by customers. Further information on these and other factors that could affect Proxim's actual results is and will be contained in the filings made by Proxim with the OTCQX (available at www.otcqx.com), including without limitation in the Annual Report filed by Proxim on March 30, 2010, and in its other public statements, which may be available on Proxim's website (www.proxim.com).
Contact Information:
Robb Henshaw
Vice President of Marketing
Proxim Wireless
Email: rhenshaw@proxim.com
Phone: 408-383-7699
Milpitas, CA, USA
Source: Marketwire (November 17, 2010 - 8:30 AM EST)
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Trevali Commits to 10,000-Metre Exploration and Definition Drill Program on Santander Zinc-Lead-Silver Mine Project in Peru
Testing 17 Kilometres of Productive Mineral Fairways
VANCOUVER, BRITISH COLUMBIA, Nov. 17, 2010 (Marketwire) -- Trevali Resources Corp. ("Trevali" or the "Company") (TSX:TV)(PINK SHEETS:TREVF)(FRANKFURT:4TI) is pleased to announce an aggressive follow-up exploration program after the highly successful 2010 resource expansion program that saw the indicated tonnage increase by 53% and the inferred tonnage increase by an impressive 452% using a 3% ZnEQ(i) cut-off grade (see NR-10-13 for details). Mineralization remains open for expansion in all five deposits identified to date and numerous high-priority targets remain completely untested, reinforcing the potential for multiple additional deposits on the large, 44km(2), wholly-owned property.
The Company has successfully secured two drill-rigs and has committed to a 10,000-metre diamond drill program. It is anticipated that drilling will commence early in the first quarter of 2011 with additional meterage contingent on results.
"The discovery hit rate to date has been an enviable 100% - four conceptual targets delivered four resource category mineralized bodies," stated Dr. Mark Cruise, president and chief executive officer of Trevali. "With a solid understanding of the controls on mineralization and the proven exploration techniques utilized to date, the upcoming program has the potential to yield very positive results."
The aim of the 2011 exploration and definition program is as follows:
-- Discover or define an additional 4 to 5 million tonnes of resources,
that is, the nominal minimum amount required in order to make an
informed decision regarding any potential expansion to 4,000 tonne-per-
day production rates.
-- Test the down dip extensions of the Magistral North, Central and South
deposits (Figure 1 & 2) - previous work left all the deposits open at
depth.
-- Test near surface targets adjacent to the Santander Pipe (Figure 1)
-- Initial drill tests of new, high-priority structural, lithological,
geochemical and geophysical targets that are currently undergoing
detailed pre-drill analysis and preparation - Puajanca North, El Toro
and Yanacocha targets (Figure 3).
-- Detailed geological studies and ground truthing of the numerous other
targets on the large prospective property package (Figure 3).
SANTANDER EXPLORATION MODEL
Mineralization is controlled by a complex, but now well-understood, interplay between the NW-trending regional Santander Fault Zone, ENE to E-W-trending secondary structures (interpreted feeders) and folded permeable limestone units. Mineralization responds well to both passive and active geophysical techniques (in particular, magnetic, induced polarization, and electromagnetic surveys have led to delineation of four deposits so far) and numerous structural - geophysical targets are present on the property (Figure 3).
To see figures 1, 2 and 3 please go to the following link: http://media3.marketwire.com/docs/tvim1117.pdf
Geological ground-truthing and surface geochemical screening of these targets has commenced and is ongoing, however work to date has successfully identified three new, high priority targets at Puajanca North, El Toro and Yanacocha that are currently undergoing final pre-drilling detailed targeting. Results of recent surface geochemical screening programs over these targets will be released upon receipt and final quality control (Figure 2).
LARGE PRODUCTIVE STRUCTURAL TRENDS
Since commencing exploration in mid-December 2007, Trevali has completed approximately 410-line-km of ground magnetics, 10-line-km of induced polarization and 33,000 m of diamond drilling in 171 holes. This proven multi-disciplinary exploration approach has successfully delineated two productive mineral fairways with strike lengths of 14 and 3 km, respectively (Figure 3).
Drill testing of a fractional portion of the productive trend, approximately 700 metres, has resulted in the successful delineation of four carbonate-hosted, polymetallic sulphide bodies from surface to approximately 200 to 350 metres vertical depth and the Company believes significant depth potential may remain.
SIGNFICANT DEPTH POTENTIAL
Mineral system and empirical analysis from both the property and comparatives in the Central Peruvian Mineral Belt suggests that all the mineralized bodies have significant additional depth potential, conservatively modelled as 200 to 400 additional vertical metres (Figure 1 & 2).
The deepest intercepts on all five mineralized bodies at Trevali's Santander Project are as follows - suggesting significant depth potential may remain:
Vertical Depth
Zone (m) Results
----------------------------------------------------------------------------
MN 325 m 6.3 m @ 4.18% Zn, 4.74% Pb & 62.85g/t Ag
----------------------------------------------------------------------------
MC 365 m 20.45 m @ 7.73% Zn, 0.39% Pb
----------------------------------------------------------------------------
MS 340 m 4.4 m @ 8.42% Zn, 0.55% Pb, 30.6g/t Ag
----------------------------------------------------------------------------
PJ 200 m 2.85 m @ 5.02% Zn, 0.78% Pb & 37.5g/t Ag
----------------------------------------------------------------------------
SAN 500 m 93 m @ 9% Zn
----------------------------------------------------------------------------
M-N, C, S - Magistral North, Central, South. PJ - Puajanca, SAN - Santander
Pipe
SANTANDER PROJECT
The Santander zinc-lead-silver mine project is located approximately 215 km by road from Lima, in the western extent of Peru's Central Polymetallic Belt globally a major producer of silver, zinc and lead. Site infrastructure includes a fully refurbished 200-man camp and the Tingo hydroelectric power-station located 17 km down-valley to the west. The Company commenced exploration at Santander in December 2007 discovering four new high-grade silver-lead-zinc replacement and massive sulphide bodies to date. Mineralization remains open in all three Magistral deposits, the Puajanca zone and the past-producing Santander Pipe, and numerous high-priority targets remain to be tested.
A recently completed independent resource estimate by Golder Associates reviews a total Indicated Mineral Resource of 5.858 million tonnes with an average grade of 3.86% zinc, 1.35% lead, 44 g/t silver and 0.08% copper (using a 3% ZnEQ(i) cut-off grade) for an estimated in-situ metal inventory of 498 million lbs. zinc, 174 million lbs. lead, 8.25 million oz. silver and 9.7 million lbs. copper. An additional Inferred Mineral Resource of 4.806 million tonnes grading 5.08% zinc, 0.44% lead, 21 g/t silver and 0.07% copper for an estimated in-situ metal inventory of 538 million lbs. zinc, 46 million lbs. lead, 3.19 million oz. silver and 7.8 million lbs. copper using the same cut-off grade.
Additionally, a further 100 million contained lbs. of zinc are estimated to be present in the 1,656,000 indicated tonnes grading at 2.74% zinc (using a 2.0% zinc cut-off grade) at the Santander Tailings Impoundment.
(i)ZnEQ = ((Ag Price(g) x Ag Recovery x Ag Grade) + (Pb Price(t) x Pb Recovery x (Pb Grade(%)/100)+(Zn Price(t) x Zn Recovery x (Zn Grade(%)/100)))/Zn Price(t). Golder utilized the three year rolling average price for all three metals. Price for silver is ($14.90/oz) and that for Pb ($2,174), Zn ($2,079) and Cu ($6,504) is per tonne. A recovery of 85% was applied to Ag, 90% for Pb, 85% for Zn and 60% for Cu for calculating the ZnEQ formula. The pounds metal are in-situ and have not had any mining factors applied to them.
QUALIFIED PERSON AND QUALITY CONTROL/QUALITY ASSURANCE
Dr. Mark D. Cruise, Trevali's President and CEO and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company, as he is an officer, dfirector and shareholder.
The work programs at Santander were designed by, and are supervised by, Dr. Mark D. Cruise and Tim Kingsley (Senior Geologist), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ACME Laboratories, Vancouver, BC for assay. ACME's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by the Company's personnel in order to independently assess analytical accuracy. Finally, representative blind duplicate samples are routinely forwarded to ACME and an ISO-compliant third party laboratory for additional quality control.
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.
Trevali Resources Corp. Manager - Corporate Communications (604) 488-1661 (604) 408-7499 (FAX) sstakiw@trevali.com www.trevali.com
Source: Marketwire Canada (November 17, 2010 - 8:02 AM EST)
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First China Pharma Grows Market Share With New Distribution Agreements at 5 Regional Hospitals in China
Nov. 16, 2010 (Marketwire) --
HONG KONG -- (Marketwire) -- 11/16/10 -- First China Pharmaceutical Group, Inc. (OTCBB: FCPG) ("First China" or the "Company") is pleased to announce it has recently entered into agreements to distribute a full spectrum of medicinal and pharmaceutical products to five district hospitals in Yunnan Province. This announcement brings the Company a total of 8 major provincial institutional deals closed over the past 30 days.
Many hospital administrators have embraced new procurement guidelines put forward by the Ministry of Health and have come to appreciate the cost benefit opportunities presented by modern distribution methodologies. First China Pharmaceutical Group has moved quickly to demonstrate its ability to deploy an integrated and technically superior fulfillment system that completely eliminates two entire rungs from older, historically inefficient arrangements thereby delivering significant cost savings and improved overall efficiencies to both the institutions and consumers alike.
First China welcomes the administrators, staff and clients of Yunnan Zhen Xiong Peoples Hospital, Xuan Wei Peoples Hospital, Qu Jing Women and Children Hospital, Qu Jing No.2 Peoples Hospital and Xiang Yun Peoples Hospital to a new era in pharmacare delivery. First China's combination of bulk purchasing, low prices and growing variety of product lines (both Chinese and Western) complements its high capacity supply chain and B2B operating system all of which utilizes and exploits the benefits of its unique government issued internet marketing license. As a result, the Company is daily improving its economies of scale and increasing its differentiation over the rest of the competition located in this province of over 45 million inhabitants.
New government directives identified that the previous distribution system maintained high prices and commissions which are unsustainable. It was determined that institutional health care providers should rapidly move towards agreements with large volume pharmaceutical distributors. Management at Far East was quick to identify the opportunities presented by this new direction and have taken steps to ensure the Company is ideally positioned to maximize revenue yields offered by this fundamental shift in business practices.
Today, any hospital or clinic in Yunnan Province can now easily sign up to procure the medicines they need from First China, enjoying instant response, rapid fulfillment and secure services combined with excellent price points, allowing those institutions to also recover increased margins while actually offering lower retail pricing in many instances.
First China Pharmaceutical Group aims to continue its rapid growth from its current inventory of approximately 5,000 products regularly delivered to over 4,700 provincial pharmacies, hospitals and clinics, by expanding its near term capacity to approximately 30,000 items available for sale. Future plans include regional expansion over the next 2-4 years to include a presence in up to 11 adjacent provinces offering a combined market segment encompassing a population density of over 700 million inhabitants.
Details of the company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About First China Pharmaceutical Group, Inc. (OTCBB: FCPG)
First China Pharmaceutical Group, Inc. aims to develop a high growth pharmaceutical distribution company generating significant revenue from the sale of healthcare products in China. As part of its business strategy, the Company has acquired the assets of Kun Ming Xin Yuan Tang Pharmacies Co. Ltd. (XYT), which includes a strategic advantage over its competitors as it is one of a handful of pharmaceutical distribution companies in Yunnan Province that has obtained government approval to market and fill orders using the internet. First China Pharmaceutical Group plans to continue the rapid growth of the company from its current position as a provider of approximately 5,000 drugs to more than 4,700 pharmacies, hospitals and clinics in China's Yunnan Province. For more information visit: www.firstchinapharma.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
First China Pharmaceutical Group, Inc.
-------------------------------------------------
Zhen Jiang Wang
Chairman and CEO
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Evergreen Investor Relations, Inc.
Phone: 1-888-518-3274
Email: info@firstchinapharma.com
Web: www.firstchinapharma.com
Source: Marketwire (November 16, 2010 - 9:00 AM EST)
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Emtec Federal Expands National Footprint; New Offices and Hires Dedicated to Meeting Federal IT Requirements
Government Organizations Increasingly Turn to Emtec's Senior
Leadership for Services and Solutions that Span the Entire IT Lifecycle
Nov. 16, 2010 (Business Wire) -- Emtec Federal (OTCBB: ETEC), an Information Technology consulting and managed services provider, today announced that in support of its growth within the Federal government, the company is relocating its Federal headquarters to in Herndon, VA and doubling the size of its facility. As part of this growth, the company has hired eight new sales executives and technical consultants and is currently looking to fulfill another ten positions at this location. In addition, the company is opening a new location in Dayton, OH near Wright Patterson Air Force Base. Heading up this location is newly hired Alan K. (Keith) Bentley, a recently retired member of the Senior Executive Service for the United States Transportation Command.
“I am very excited about joining Emtec Federal since there is so much opportunity to grow with a professional organization,” said Mr. Bentley, Client Partner. “Emtec Federal is making the investments needed to support not only our current clients but our future clients also. I look forward to working with perspective clients and providing a full spectrum of IT services that will not only improve the ability to accomplish their mission but will also provide a positive return on their investments.”
As Client Partner, Mr. Bentley brings 30 years of civil service experience to Emtec Federal and will provide leadership and industry knowledge within Emtec Federal and its client community. His focus will be on creating new client relationships as well as supporting current clients and enhancing efforts within the Department of Defense (DoD) arena. Additional responsibilities include assisting with the setting of strategic direction of the federal business unit and account development plans.
“These are exciting times for Emtec Federal as the services and solutions that are now top-of-mind with organizations are those that we have been building for decades – our vision is now being executed,” said Brian Mandel, Executive Vice President. “We are dedicated to supporting our clients’ entire IT investment, from business alignment & planning through best practices & governance to application services, enabling technologies and operations and support. At the end of the day, our approach and senior team, many coming from government and leading partners, allows us to assist clients in transforming IT into an investment that delivers true value.”
In expanding its Herndon office, Emtec Federal has added two senior sales managers, four sales reps and account executives to support enterprise & services opportunities; a pre-sales technical consultant as well as a federal solutions architect to support DoD and Civilian teams. To review open positions visit: http://www.emtecinc.com/en/about-us/careers.
The Herndon address is: 2355 Dulles Corner Blvd, Suite 600, Herndon, VA 20171
The Dayton address is: 4027 Colonel Glenn Highway, Suite 410, Beavercreek, OH 45431
About Emtec Federal
Emtec Federal, established in 1964 and a subsidiary of Emtec, Inc., is an Information Technology consultant and managed services provider providing services and products to the federal market. Emtec Federal helps clients identify and prioritize areas for improvement and then implements process, technology and business application improvements that reduce cost, improve service and align the delivery of IT with the needs of their organization. Emtec Federal’s market leading value-based management methods, coupled with best-in-class IT technology, consulting and development services, address a wide range of specific client needs, as well as support broader IT transformation initiatives. Emtec Federal's service capabilities span the United States and countries around the globe. For more information visit: www.emtecfederal.com.
Emtec, Inc.
David Singer, 973-232-7880
Vice President, Marketing
davidsinger@emtecinc.com
or
Welz & Weisel Communications
Nicole Nolte, 703-218-3555
PR Contact
nicole@w2comm.com
Source: Business Wire (November 16, 2010 - 9:00 AM EST)
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XZERES Wind Corporation CEO Frank Greco Conducts Exclusive Webcast Interview With The Green Baron Report
Nov. 16, 2010 (Marketwire) --
WILSONVILLE, OR -- (Marketwire) -- 11/16/10 -- XZERES Wind Corporation (OTCBB: XWND) is pleased to announce that its CEO Frank Greco has conducted an exclusive new audio-taped webcast interview so that XWND shareholders and the investment community can learn more about the Company's recent developments and plans. Unrestricted access to the webcast is now available on the "Webcasts" page at www.TheGreenBaron.com.
It is noted that The Green Baron Report also initiated coverage of XZERES Wind Corporation as a "Stock Pick" through a profile released to its members yesterday, Monday, November 15, 2010 after the close of trading. The report focuses on the compelling benefits of XZERES small wind turbines over the competition for the renewable energy market.
About The Green Baron Report
The Green Baron Report is a subsidiary of Evergreen Marketing. The Green Baron Report is an internet stock market newsletter that focuses on low priced stocks that appear to have significant upside potential. For more information about Evergreen Marketing, Inc. and their subsidiary The Green Baron Investors Society visit them on the web at http://www.EvergreenMarketingInc.com and http://www.TheGreenBaron.com. Our disclaimer can be viewed at http://www.thegreenbaron.com/Disclaimer.htm. Investors who wish to receive The Green Baron Report for free can join at http://www.thegreenbaron.com/Join.htm.
About XZERES Wind Corp.
XZERES Wind Corp designs, develops, manufactures and markets distributed generation, wind power systems for the small wind (2.5kW-100kW) market. Our grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications. Our wind power systems are focused on distributed energy, where a specific machine's energy output is largely or entirely used on-site where the equipment is installed, as well as grid connected applications. While many of our customers take advantage of their local net-metering rules within the United States and Feed In Tariffs that are often available in Europe and Internationally (to sell power back to the grid), our wind power systems are not dependent on transmission needs to carry the energy produced to another location. For more information please see the Company's web site at www.xzeres.com
Forward-Looking Statements
Statements about XZERES Wind Corp's expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. XZERES Wind Corp's actual results could differ materially from expected results. XZERES Wind Corp undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; XZERES Wind Corp will appropriately inform the public.
This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). XZERES Wind Corp claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful development and deployment of ethanol production facility or facilities, impact of the company's expansion plan, and new business development success, future financial results, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new facilities and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and XZERES Wind Corp. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Company Contact:
Tina Mortensen
XZERES Wind Corp.
(503) 388-7331
Source: Marketwire (November 16, 2010 - 8:59 AM EST)
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