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mathew633--Thank you Steve
;)
Nice charts and alerts!!!
O
Break time!!!
See you all later!!!
DD, Alertz, etc.
;)
Enjoy the sunshine!!!
O
WallStreetFox--Hi Fox
Good to see you!!!
Keep the $$$ alertz comin!!
;)
O
gal
DCTH--4.30--UP .31---DELCATH SYSTEMS INC---Great research
Delcath Systems Receives National Cancer Institute Approval to Expand Phase III Trial to Multiple Centers
5/30/2007
Additional Clinical Centers Can Participate in Testing the Delcath
System for Inoperable Liver Cancer
STAMFORD, Conn., May 30, 2007 (BUSINESS WIRE) --
Delcath Systems, Inc. (Nasdaq:DCTH) was informed today that the National Cancer Institute ("NCI") Institutional Review Board ("IRB") has approved the expansion of the Company's ongoing Phase III trial to include additional clinical centers. The NCI is currently the only center treating patients in the Phase III pivotal trial of the Delcath System for the region-specific delivery of the chemotherapeutic agent, Melphalan, to patients with metastatic melanoma in the liver. The NCI will continue to treat patients and, under the terms of the recently signed Cooperative Research and Development Agreement ("CRADA") between the Company and the NCI, it will additionally serve as the coordinating center for the multi-center trial. Delcath has previously announced that the trial is approved for expansion to a maximum of 15 centers by the U.S. Food and Drug Administration ("FDA").
Commenting on today's announcement, Richard L. Taney, Chief Executive Officer of Delcath Systems, said, "We appreciate the NCI IRB granting approval to expand our Phase III trial into a multi-center trial as this action opens the door for the acceleration of patient enrollment and advancement of the Delcath System toward commercialization. We are actively recruiting a number of top oncology centers and look forward to their participation with the NCI in this important trial. By expanding the number of physicians using the device, we will speed protocol completion and benefit from the experience and comments of these leading clinicians as they use the Delcath System to treat their critically ill patients. We look forward to the day when this promising regional therapy is available to cancer patients who currently have limited treatment options and consequently, poor clinical prognoses."
The Phase III study is enrolling patients with metastatic ocular and cutaneous melanoma who have unresectable tumors in the liver, using the Delcath System to deliver the drug, Melphalan. The Delcath System isolates the blood flow within the patient's liver in order to allow significantly higher doses of Melphalan to be administered while limiting the toxicities that result from current systemic chemotherapy treatments.
Patients in the Phase III trial initially are randomized into one of two treatment arms, including immediate treatment with Melphalan via the Delcath System or treatment with best alternative care. The study is designed to evaluate the duration of tumor response in each of the two study arms. Following the guidelines established by FDA under a Special Protocol Assessment ("SPA"), when the disease progresses (tumor grows) in patients receiving best alternative care, they are allowed to "cross over" and receive treatment with the Delcath System.
About the National Cancer Institute
The National Cancer Institute, established under the National Cancer Institute Act of 1937, is the U.S. federal government's principal agency for cancer research and training. The NCI coordinates the National Cancer Program, which conducts and supports research, training, health information dissemination and other programs with respect to the cause, diagnosis, prevention and treatment of cancer, rehabilitation from cancer, and the continuing care of cancer patients and their families.
About Delcath Systems, Inc.
Delcath Systems is a developer of percutaneous perfusion technology for organ or region-specific delivery of therapeutic and chemotherapeutic agents. The Delcath System is currently being tested with the drug Melphalan in a Phase III trial of patients with metastatic ocular and cutaneous melanoma in the liver and a Phase II trial of patients with primary liver cancers and metastatic tumors in the liver from neuroendocrine cancers and adenocarcinomas. The Company's intellectual property portfolio currently consists of 12 patents on a worldwide basis, including the U.S., Europe, Asia and Canada. For more information, please visit the Company's website www.delcath.com.
ROAIK--7.54---RADIO ONE INC CL D
Oprah and GIANT Agree! Robin Thicke is What's Hot This Summer
5/30/2007
Platinum Recording Artist Opens Up in His First National Magazine
Cover About His Troubled Journey to Success, the Love of His Life and
Exorcising His Demons in the June/July 2007 Issue of Giant Magazine
NEW YORK, May 30, 2007 (BUSINESS WIRE) --
Proclaimed by Oprah Winfrey as her "new favorite singer," platinum crooner Robin Thicke graces his first national magazine cover with the June/July 2007 issue of GIANT Magazine. In the highly-anticipated edition which hits stands June 5, the blue eyed soul singer speaks freely about his once waning self-esteem, issues in his marriage to actress Paula Patton, and his fourteen year ride to overnight stardom.
Outlined below are select passages from GIANT Associate Editor Celia San Miguel's exclusive conversation with Thicke entitled: "Soul Brother # 1."
ON HIS PERSONAL DEMONS
"I understand struggle because I've struggled with my own demons, my own ability to love myself. I might have grown up in an aesthetically larger building, but that doesn't mean I haven't felt pain. That's what the whole (expletive) album is about. It's about a dude who needed to believe in himself when the world said, 'We don't love you.'"
Since 2006, GIANT Magazine has published covers featuring Beyonce Knowles, Janet Jackson, Pharrell Williams, The Killers, Diddy, Ciara, Jennifer Hudson and Eve. GIANT magazine is a wholly-owned subsidiary of Radio One, Inc. (www.radio-one.com) (NASDAQ:ROIAK)(NASDAQ:ROIA), the nation's seventh largest radio broadcasting company (based on 2005 net broadcast revenue) and the largest radio broadcasting company that primarily targets African-American and urban listeners. Radio One owns and/or operates 70 radio stations located in 22 urban markets in the United States and reaches approximately 14 million listeners every week. Additionally, Radio One owns interests in TV One, LLC (www.tvoneonline.com), a cable/satellite network programming primarily to African-Americans and Reach Media, Inc. (www.blackamericaweb.com), owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner. Radio One also operates the only nationwide African-American news/talk network on free radio and programs "XM 169 The POWER," an African-American news/talk channel, on XM Satellite Radio.
For interviews with GIANT Editor-In-Chief Smokey D. Fontaine, cover image by Cass Bird, inside pictorial images by Ruvan or transcripts of the complete interview contact:
Ava DuVernay or Ellene Miles, The DuVernay Agency, 323-860-7060, ellene@dvapr.com.
SOURCE: GIANT Magazine
The DuVernay Agency Ava DuVernay or Ellene Miles, 323-860-7060 ellene@dvapr.com
POSH--8.12--BABYUNIVERSE INC
BabyUniverse Announces $2.5 Million Equity Investment
5/30/2007
JUPITER, Fla., May 30, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
BabyUniverse, Inc. (Nasdaq: POSH), a leading Internet content, commerce, and new media company in the pregnancy, baby and toddler marketplace, today announced that it has completed a $2.5 million equity private placement transaction with a large institutional investment fund. In connection with the financing the Company will issue 317,259 shares of Series A Convertible Preferred Stock, and warrants to acquire 79,316, priced at the closing price of the company's common stock on May 24, 2007. This Series A Convertible Preferred Stock will convert automatically into shares of common stock upon the closing of the Company's proposed merger with eToys Direct, Inc. It is anticipated that this investment will close on Tuesday, May 29, 2007. The Company will use the proceeds from this transaction for general corporate purposes.
John Textor, Chairman and CEO of the Company, said: "We are pleased to have priced this investment at the market price of our stock. In consummating this transaction we have taken one additional step closer to completing our proposed merger with eToys Direct, Inc."
The shares of the preferred stock to be issued in the private placement will not be registered under the Securities Act of 1933 and may not be subsequently offered or sold by the investors absent registration or an applicable exemption from the registration requirements. The Company has agreed to file a registration statement covering resales by the investors of the common stock underlying the preferred stock and the warrants.
This press release does not constitute an offer of any securities for sale.
About BabyUniverse, Inc.
BabyUniverse, Inc. is a leading Internet content, commerce and new media company in the pregnancy, baby and toddler marketplace. Through its websites, BabyUniverse.com and DreamtimeBaby.com, the company is a leading online retailer of brand-name baby, toddler and maternity products in the United States. Through its websites PoshTots.com and PoshLiving.com, the company has extended its offerings in the baby and toddler market as a leading online provider of luxury furnishings to the country's most affluent female consumers. Through BabyTV.com, PoshCravings.com and ePregnancy.com, BabyUniverse has also established a recognized platform for the delivery of content and new media resources to a national audience of expectant parents. BabyUniverse is pursuing a dual strategy of organic growth and acquisition growth that is designed to establish BabyUniverse as the leader in the online baby marketplace. Beyond the baby segment, the company intends to leverage its growing platform to acquire other female-oriented content, commerce and new media companies. The overall objective of BabyUniverse is to establish a market-leading content, commerce and new media business focused on the high- growth female marketplace.
BabyUniverse and its affiliates operate a multi-channel portfolio of Internet properties, including e-commerce sites such as http://www.BabyUniverse.com, http://www.PoshTots.com, http://www.PoshLiving.com and http://www.DreamTimeBaby.com, and content sites such as http://www.PoshCravings.com, http://www.ePregnancy.com, and http://www.BabyTV.com.
Additional Information About the Merger with eToys Direct, Inc. and Where to Find It
gdog--Too funny!!!
;)
tee
hee
;)
me
JJSeabrook--YOU
Go
have
some
fun!!!!
Relax----yoda bestest!!!
;)
a_charting_god--Stocks
Also,
Appreciate the link!!!!
O
gal
cargo_hauler--WTVI--Greeeeen
Aha!!
Now therezzzzzzzzz a happy trader!!!!
Keepem comin CH!!!!
O
gal
JJSeabrook--ARYC
Zow!!!!
;)
Popeye yo a winnah everyday!!!
Ha!!!
OOOOO
million--Gooooooooo TNRI
;) 4 times the volume---wow!!!
Goooooooo Mil!!!!
O
MOMO--GLLK
Thank you Mo and thanks for the info!!!
Keep those good alertz comin!!!
;)
O
WRNW--.0055
Buy op---just a mattah O time--before POP!!!
imho
Anyone in w/me???
O
glassy--VION--1.20--UP .05
Thanks for the chart--luv your annotations GF!!!
;)
O
a_charting_god--Stocks
I'll have to watch some O your charting techniques!!!
Good to have you on the board!!
;)
O
gal
GLLK--.008 Greeeen
Trader's fave colour!!!
Anyone in???
O
PHDT .205
Good volume---
Buy op before POPPPP!!
;)
Ck it out!!
O
Any happy traders here today???
Name yo winnahs!!!
;)
O
gal
Best trading to all!!!
Apts. today--
BBL
;)
O
gal
Wallstreetman--Time
I'll take any time---
Just bring it on!!!
;)
O
nanocaps--Stocks
Appreciate your alertz!!
Thank you and keepem comin'!!
;)
O
gal
peeb2005--GTEM .26 UP .05
Nice volume today!!!
Congrats to all!!
;)
O
Break Time!!!
Latah!!!!
Enjoy!!!!
Then bring onda DD, etc.
;)
O
gal
Wiseman68--TNRI
Yeppers!!!
MIl alerted us----
Thank you!!!
Goooooooooooooooooo TNRI!!!
OOOOO
jerrydreamer---Hmmmmmm
Conjure UPPPPP those dreams Jer!!!
;)
O
gal
phalgm--GLLK
I have Alphatrade--time size bid---Fundamentals, etc.
hmmmmmmmmm
O
jerrydreamer--GLLK
Zow!!!
Will have to see whatz UP!!!!
Thank you for the alert!!!
;)
million--TNRI .18
Greeenin' UPPP!!
;)
VTDI-.25
Ck it out!!
VisiTrade has entered into an Agent Compensation Agreement and an Advertising Agreement with AlphaTrade.com. Under the terms of these agreements, VisiTrade traders will be referred to the AlphaTrade.com website where they can access high performance streaming market data covering stocks, options, e-minis, mutual funds for all North American markets and currencies. When the traders sign up for further premium market services including real time market quotes, Level 2 pricing, advanced charting, and sophisticated market studies, a monthly compensation commission will be generated for VisiTrade Inc. The advertising part of the agreement will highlight the VisiTrade online trading platform on the Alphatrade.com website to more than 375,000 active online traders. This should attract many interested traders to sign up for VisiTrade's unique 24/7 services. "The agreements we have signed with AlphaTrade.com will generate tremendous exposure for our online trading platform," commented Larry Bolton President and CEO of VisiTrade Inc. "With the compensation agreement we hope to build a steadily growing stream of revenues combined with the advertising agreement that should attract a growing number of traders to our VisiTrade platform."
;)
O
VTDI-.25
Ck it out!!
VisiTrade has entered into an Agent Compensation Agreement and an Advertising Agreement with AlphaTrade.com. Under the terms of these agreements, VisiTrade traders will be referred to the AlphaTrade.com website where they can access high performance streaming market data covering stocks, options, e-minis, mutual funds for all North American markets and currencies. When the traders sign up for further premium market services including real time market quotes, Level 2 pricing, advanced charting, and sophisticated market studies, a monthly compensation commission will be generated for VisiTrade Inc. The advertising part of the agreement will highlight the VisiTrade online trading platform on the Alphatrade.com website to more than 375,000 active online traders. This should attract many interested traders to sign up for VisiTrade's unique 24/7 services. "The agreements we have signed with AlphaTrade.com will generate tremendous exposure for our online trading platform," commented Larry Bolton President and CEO of VisiTrade Inc. "With the compensation agreement we hope to build a steadily growing stream of revenues combined with the advertising agreement that should attract a growing number of traders to our VisiTrade platform."
;)
O
LMT--Lockheed Martin Wins Role with State of Texas Seat Management
5/29/2007
Company among those selected to compete for tasks
SEABROOK, Md., May 29, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
A team headed by Lockheed Martin (NYSE: LMT) has been selected by the Texas Department of Information Resources (DIR) to compete for future managed services task orders to meet Texas government computing needs.
The individual delivery orders will be designed to transform managed services in Texas. Seat Management Services is a service function in which an entity, such as a Texas governmental entity, transfers its responsibilities to a vendor, such as Lockheed Martin, to manage its computing needs. Services provided under these delivery orders are expected to include hardware and software refresh, break/fix, on-site support, move/add/change (MACs) services, help desk, asset management, and security services.
The Seat Management Services contract is an indefinite-delivery- indefinite-quantity (IDIQ) vehicle, with not-to-exceed rates, awarded by DIR with an estimated contract value of more than $400 million over five years. A number of other companies will also be selected by DIR to compete for the managed services delivery orders.
"Lockheed Martin has been the Nation's largest provider of information technology to the federal government for the past 13 years. We plan to leverage our best practices from that extensive government experience to provide Texas with the best information technology and managed services. We look forward to developing this relationship with the state and its many municipalities in the future," said Ron Stefano, vice president for Enterprise Solutions at Lockheed Martin.
The first delivery order is expected to be announced in September 2007 and is likely to include desktop and laptop hardware, asset management, break-fix and unwind services.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $40 billion.
For additional information, visit our website: http://www.lockheedmartin.com
SOURCE Lockheed Martin
DISCB--UP .41--23.36--
The Tattoo Parlor is Open; MIAMI INK Returns for a Third Season on June 12th
5/29/2007
The search for Kat Von D's replacement is in full swing
SILVER SPRING, Md., May 29, 2007 /PRNewswire via COMTEX News Network/ --
On June 12th at 10:00 PM ET/PT, the third season of TLC's highly rated and youngest skewing show, MIAMI INK returns with all new adventures, customers and the stories behind the tattoos. Picking up where season two left off, we find the business booming and artists Ami James, Chris Nunez, Darren Brass, Chris Garver and Yoji Harada rejuvenated. They're also dealing with intense personal issues and coming to terms with the dramatic departure of artist Kat Von D. Needing to fill the void created when Kat left; the artists at Miami Ink begin the difficult search for a replacement, giving week-long residencies to various artists from around the world in hopes of filling her shoes.
With tattoos now considered mainstream, more and more people are flocking to the shop to get ink from one of these world famous artists. This season will include some very interesting characters including a blind actor, Satanist, Vampire, a man attempting to grow the world's longest beard, an 80- year-old woman getting her first tattoo and a client who gives Ami free reign to tattoo anything he wants on his arm. Additionally, a couple of the guys venture out of the shop for a trip to Vegas to tattoo a few new friends and attend a party at Jet at the Mirage Las Vegas Hotel & Casino thrown in their honor.
While the guys are stoked to put their talents to the test and take on more work, they battle to keep sane and healthy, relying on each other more than ever before. Darren Brass has not had an easy few months. His marriage has fallen apart and he's in the middle of a divorce. At the same time, while he has lived with diabetes almost all of his life, Darren's blood sugar levels have dropped to seriously low levels and he is starting to lose his temper on a regular basis. Darren's current mental and physical states worry the boys and they help him get healthy.
Last season, Ami James & Chris Nunez opened a lounge on South Beach called Love/Hate. Since it opened, Love/Hate has become one of the hottest spots on the beach, pulling Ami & Chris away from the tattoo shop more often than they expected. Darren and Garver pick up more clients to ease the stress on the budding moguls, but to ease the burden of running two successful business Ami & Chris hire a bar manager to run the day to day activities at Love/Hat. Meanwhile, Yoji is still juggling his marriage, being a father, practicing to become a better tattoo artist and trying to get his rock band off the ground, while Garver pushes himself to great lengths to become an even better artist.
MIAMI INK is produced by Original Media for TLC. Charlie Corwin is the executive producer for Original Media and Christo Doyle is the executive producer for TLC.
DISCB--UP .41--23.36--
The Tattoo Parlor is Open; MIAMI INK Returns for a Third Season on June 12th
5/29/2007
The search for Kat Von D's replacement is in full swing
SILVER SPRING, Md., May 29, 2007 /PRNewswire via COMTEX News Network/ --
On June 12th at 10:00 PM ET/PT, the third season of TLC's highly rated and youngest skewing show, MIAMI INK returns with all new adventures, customers and the stories behind the tattoos. Picking up where season two left off, we find the business booming and artists Ami James, Chris Nunez, Darren Brass, Chris Garver and Yoji Harada rejuvenated. They're also dealing with intense personal issues and coming to terms with the dramatic departure of artist Kat Von D. Needing to fill the void created when Kat left; the artists at Miami Ink begin the difficult search for a replacement, giving week-long residencies to various artists from around the world in hopes of filling her shoes.
With tattoos now considered mainstream, more and more people are flocking to the shop to get ink from one of these world famous artists. This season will include some very interesting characters including a blind actor, Satanist, Vampire, a man attempting to grow the world's longest beard, an 80- year-old woman getting her first tattoo and a client who gives Ami free reign to tattoo anything he wants on his arm. Additionally, a couple of the guys venture out of the shop for a trip to Vegas to tattoo a few new friends and attend a party at Jet at the Mirage Las Vegas Hotel & Casino thrown in their honor.
While the guys are stoked to put their talents to the test and take on more work, they battle to keep sane and healthy, relying on each other more than ever before. Darren Brass has not had an easy few months. His marriage has fallen apart and he's in the middle of a divorce. At the same time, while he has lived with diabetes almost all of his life, Darren's blood sugar levels have dropped to seriously low levels and he is starting to lose his temper on a regular basis. Darren's current mental and physical states worry the boys and they help him get healthy.
Last season, Ami James & Chris Nunez opened a lounge on South Beach called Love/Hate. Since it opened, Love/Hate has become one of the hottest spots on the beach, pulling Ami & Chris away from the tattoo shop more often than they expected. Darren and Garver pick up more clients to ease the stress on the budding moguls, but to ease the burden of running two successful business Ami & Chris hire a bar manager to run the day to day activities at Love/Hat. Meanwhile, Yoji is still juggling his marriage, being a father, practicing to become a better tattoo artist and trying to get his rock band off the ground, while Garver pushes himself to great lengths to become an even better artist.
MIAMI INK is produced by Original Media for TLC. Charlie Corwin is the executive producer for Original Media and Christo Doyle is the executive producer for TLC.
WallStreetFox--GLLK--Ck out that volume
Thank you for the alert!!!
Added to Level II--cking it out!!
;)
O
WallStreetFox--Cramer's Rules
Thank you for posting!!!
A friend gave me his new book---really enjoying it!!!
;)
O
gal
cashflo--WRNW .0059
$$$
;)
RJ Trotts--MOBL
Indeed!!!
Been in & out of MOBL for years now!!!
;)
O
Bulls In The Stable"!
5/29/2007
Rochester NY, May 29, 2007 (M2 PRESSWIRE via COMTEX News Network) --
www.otc-advisors.com names (OTCBB:NEXA) Nexia Holdings, Inc., and (OTCBB:UCOI) Unico, Inc. it's "Bulls on Parade"!
To feature your publicly traded company in our alerts, email us at info@otc-advisors.com.
To sign up for our free newsletter, visit http://www.otc-advisors.com.
About Nexia Holdings, Inc.
Nexia Holdings, Inc., through its subsidiaries, engages in the acquisition, lease, and sale of real estate properties in the United States. It owns 85% ownership interest in Landis, LLC, which operates an Aveda lifestyle salon located in Salt Lake City, Utah. The company also operates 4 retail clothing stores operating under the Black Chandelier label, in Trolley Square, Fashion Place Mall, and Gateway shopping centers located in Salt Lake City; and The Shops at Riverwoods located in Provo, Utah, as well as the on line shopping site, www.blackchandelier.com. Its property portfolio comprises the Wallace-Bennett Building, a multistory office building and a one story retail building located at Salt Lake city, Utah; and one office building located on West Sams Boulevard in Kearns, Utah. Nexia Holdings was incorporated in 1987 and is based in Salt Lake City, Utah.
Recent News(5/29/07): Nexia Holdings, Inc. ("Nexia") (OTC Bulletin Board: NEXA - News), a diversified holding company with operations in real estate, health & beauty, and the fashion retail industry, announced today that CEO Richard Surber updated the investment community on May 23, 2007 in an all-new interview with WallSt.net. Topics covered include discussion of Nexia's retail operations, licensing opportunities, acquisition targets, and other strategies for growth. To hear the interview in its entirety, visit http://www.wallst.net/audio/audio.asp?ticker=NEXA&id=3430. During the interview, Richard Surber discussed Nexia's Black Chandelier and Landis, the brands owned by Nexia's subsidiaries Gold Fusion Laboratories, Inc. and Landis LLC, respectively. Landis follows the requirements set forth by the international lifestyle brand AVEDA, owned by Estee Lauder. Surber said Landis distinguishes itself by "focusing heavily on retail sales of hair and skin care products." Nexia plans to acquire other AVEDA-branded salons operating nationwide. The Company plans to use its "single Landis store as a template to consolidate and roll-out several additional salons throughout the U.S.," said Surber.
Surber indicated its Black Chandelier brand operates as a boutique store, a retail segment that has shown strength in consumer spending. The brand's head designer Jared Gold has had a flurry of press coverage. Surber pointed to a recent deal with the WWE , where Jared's designs were featured on the WWE's Raw on the USA channel. Surber said, "The media list is almost endless; The idea is third party press will transfer up and over to the public company Nexia, hopefully leading to licensing deals, with the WWE and others, that can garner additional media attention." Surber concluded, "Even if we don't do another acquisition this year, I expect gross revenues to double in 2007 over 2006, and that is a conservative number."
About Unico, Inc.
Unico, Inc. engages in the exploration, development, and production of precious metals, primarily gold, silver, lead, zinc, and copper concentrates. Its mining properties include Deer Trail Mine, Bromide Basin Mine, and Silver Bell Mine. The company, formerly known as Red Rock Mining Co., Incorporated., was founded in 1966 and changed its name to Industries International, Incorporated. Subsequently, the company changed its name to I.I. Incorporated and to Unico, Incorporated in 1979. Unico is based in San Diego, California.
Recent News(5/29/07):
Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that its wholly owned subsidiary, Deer Trail Mining Company, LLC, has entered into a Master Electrical Services and Facilities Improvements Agreement with electricity producer Rocky Mountain Power to meet all power and energy requirements at the Deer Trail Mine in Marysvale, Utah.
Included in the agreement is pricing for the supply of electrical power during both on-peak and off-peak hours and a design schematic showing the details of the planned interconnection between the existing Rocky Mountain Power substation and the new electrical substation currently being constructed at the Deer Trail Mine site. Construction of the new substation is being undertaken with the assistance of Cache Valley Electrical (http://www.cve.com/), one of the largest electrical contractors in the western United States. Upon executing the agreement, Deer Trail Mining Company also made a payment of $24,481.50 as an advance on the improvements to the new substation. Under terms of the agreement, the improvements include the installation of fuses for proper protection coordination, a transmission interconnection to the new substation, the installation of a one-way gang operated airbreak switch for a single disconnect point for both substations, and installation of secondary metering for the new delivery point with a communication link.
Deer Trail Mining Company made a previous payment of $25,000 under its Engineering Services Agreement with Rocky Mountain Power, and this amount will be applied toward the balance due on the improvements to the new substation.
The agreement has a 10-year term following the completion date of the improvements and Rocky Mountain Power's initial delivery of electrical power to the Deer Trail Mine substation facility. A feasibility study contracted by Deer Trail Mining Company and conducted by Rocky Mountain Power, determined that up to 2.5 megawatts of power could be supplied to the Deer Trail Mine through the new substation. An estimated 1.5 megawatts is needed to run the mill and processing facility at the Deer Trail Mine, and the excess power capacity would allow for future upgrades to the system to include power for mining at the Deer Trail property or other Unico claims in the area.
"This agreement for master electrical services and facilities improvements is a significant step in the completion phase of the connections necessary to power the mill and processing facility, and we are pleased to have signed this contract with Rocky Mountain Power," said Mark A. Lopez, chief executive officer of Unico, Inc. "One of the primary reasons for the construction of a new electrical substation at the Deer Trail Mine was that the company would incur significantly reduced power costs as a result, and the pricing schedule for electricity included in this agreement certainly justifies our efforts to build the new substation.
"We look forward to the completion of the substation and the interconnections required for the operation of the mill and processing facility at the Deer Trail Mine," added Mr. Lopez.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when new photo galleries are posted to the company website, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate fields.
cashflo--Goooo WRNW
Letz move this pup UPPPPPP
;)