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(Marketwire) -- 01/08/09 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) announces that its Board of Directors has resolved that the Company should immediately begin preparations to purchase its own Common Stock in the open market.
At a Board of Directors meeting held Tuesday, January 6, 2009, it was acknowledged that Franklin Mining shares have, for two calendar months, been under tremendous selling pressure. Despite positive accomplishments by the Company's Mining Division in 2008 and pending positive announcements by both the Mining and the Oil & Gas Divisions for 2009, shareholder decisions have resulted in record setting trading volumes at record low prices.
Franklin Mining's Directors and Managers are confident the Company will soon begin realizing the benefits of 2008's yearlong preparation and development of mining operations at Bolivia's Escala Mine Joint Venture and from multiple energy projects in Texas, Argentina and throughout South America.
Franklin's Directors are confident the Company is in a position to accumulate a sizeable portion of its shares at record low prices. In a Resolution dated January 6, 2009, the Board of Directors authorized that all necessary arrangements are to immediately be made for the Company's purchase of its own Common Stock in the open market.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------Contact:
Investor Relations firm
A. S. Austin & Company
702-386-5379
I have lived in Flagstaff and Prescott, both can get a fare amount of snow even while in Phoenix it is in the 60's. In AZ elevation is what makes the Difference. the snow can come and go very fast as I am sure you Know.
(Marketwire) -- 01/06/09 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FWB: FMJ) executives and consultants from the US and South America are this week meeting with William Petty, Chairman, CEO & President and Franklin's Board of Directors as they begin a review of all properties and pending projects in both the Mining and Oil & Gas divisions of the company.
Franklin's oil and gas projects in Argentina remain under negotiation pending approval by government agencies. A recommendation of approval for a final report on the economic development of a designated natural gas allocation will be presented to Franklin's Board this week by Fernando Infante, Franklin Mining Executive Vice-President and Howard Dunn, President of Franklin's Oil & Gas Division. With Board approval, an international business consulting and accounting firm will prepare their review and assessment of planned gas-to-liquid processing plants.
Paul Baker, International Mining Consultant, La Paz, Bolivia, will meet with the Franklin Board for a discussion and review of his December 2008 Summary Evaluation of the Escala Mine joint-venture. As previously announced, Mr. Baker's assessment is that the Escala's 2008 pre-production development has resulted in three excellent cross cut haulage tunnels having been driven to intersect east/west vein structures.
Extensions of all three tunnels (Anita, Erika and Patty) will resume this week with a major focus on the Anita as this tunnel will intersect the prolific Aguilar vein. The Aguilar vein has been worked extensively in the past; a 30-meter deep extraction shaft directly down the vein allowed a large tonnage of ore to be mined, removed and processed. When the Anita extension is complete in late-January, the existing shaft will serve to provide ventilation.
An estimated 1,000 tons of ore has been mined and removed during the current tunnel extension operations and is available to be processed. Previous sampling has shown 3.0% Zinc, 2.5% Lead and 300 grams Silver.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------Investor Relations firm
A. S. Austin & Company
702-386-5379
Source: Franklin Mining, Inc.
(Marketwire) -- 01/06/09 -- Hunt Gold Corporation (PINKSHEETS: HGLC) provides an update on the progress of the ongoing drilling at its Mockingbird Gold project in Arizona.
A substantial amount of core from the first 6 drill holes at the Great West and the Pocahontas Gold Mines has been split. The core has been shipped to Jacobs Assay, an independent assay laboratory located in Tucson, Arizona. The remainder of the core will be split and shipped this week. Jacobs Assay will be running the Company's core samples as a priority project, with the first assay results expected before the end of January.
Drilling at the Mockingbird's Dandy Mine will resume no later than early next week. Two holes are planned at this location, which will conclude the initial and current drill campaign. The Company's Geologists are at this time working on the positioning of drill sites for the Company's second drilling phase.
Hunt Gold Corporation's CEO Mike Saner stated that "We are pleased that the Mockingbird Gold Project remains on schedule despite the severe weather throughout the United States and, at the mine, the worst snow since 1979. We are drilling in all the right places for all the right reasons, so I am confident that the assay results will be encouraging."
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
Market Makers have an exemption and can, according to a broker friend of mine, do anything they want! Disgusting, SEC needs to make some changes.
(Marketwire) -- 12/30/08 -- Robert Brehm, CEO of Green Mountain Development Corp. (PINKSHEETS: GMND), an incubator of green technology companies, announced today that the company has obtained a license to manufacture, distribute and use microbial technology for organic sustainable agricultural applications. In a concurrent transaction, the company became independent by purchasing all of the voting control stock of GMND from U.S. Microbics, Inc. (PINKSHEETS: BUGS), its parent company. Both transactions were undertaken to strengthen the financial position of the company and prepare for future funding and agricultural product sales.
The company has formed a subsidiary for the agricultural products, contracted an independent consultant who has developed a business plan for funding and product commercialization and the company is currently interviewing investors for joint venture or direct investment into the operation. Under business plan assumptions, pro forma revenue projections are $10-15MM in three years requiring $2MM initial investment and new management with agriculture product experience. During the first year after initial funding, the subsidiary will focus on finalizing the brands and packaging, fermenting the microbial blends, launching retail and wholesale marketing and sales, field testing for multiple markets, and adapting the current liquid products to dry forms for agricultural markets.
Brehm stated, "The parent company strategy is to provide resources for business organization, staffing, market identification, strategic business plan development, and product rollout for subsidiaries or joint ventures managed by industry specific experts, develop the subsidiaries to a predefined milestone stage and sell or spin them off as independent companies and harvest a profit for our efforts throughout the process."
Brehm continued, "The transactions announced today are very beneficial to GMND and I hope our shareholders recognize that significant changes are being planned to create real value now and in the future. We are evaluating additional debt to equity conversions to strengthen our financial statements as we transition to new green business opportunities."
About Green Mountain Development Corp.
Green Mountain Development Corp. is an incubator for green technology companies which provide natural solutions for the environmental challenges of growth using the management expertise and infrastructure of GMND.
Investors and media contact Bob Brehm at bob@greenbizness.com or visit www.greenbizness.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.
--------------------------------------------------------------------------------Investors and media contact:
Bob Brehm
Email Contact
www.greenbizness.com
Source: Green Mountain Development Corp.
(Marketwire) -- 12/30/08 -- (PINKSHEETS: PINR) Kevin May, Pine Ridge Holdings CEO, is pleased to announce the consolidated, total revenues for the Pine Ridge Holdings companies totaled $1,214,122 (unaudited) through November 30, 2008. This number represents a 7% increase over the same period in 2007.
This total includes the revenues for Pine Ridge Racquet Club ($834,008), Pine Ridge Fitness Club ($250,228) and AcousTech, Inc. ($129,887).
ServeNation revenues were not included in the figure since the company began operations in May 2008.
Pine Ridge Fitness had a 12% increase in total revenues compared to 2007, while AcousTech, after a difficult 2007, experienced a 34.5% jump in revenues. At the same time, year over year expenses actually decreased modestly by 1%.
May stated, "I am pleased with these revenue numbers in light of the difficult economic climate we have been operating within this year. 2008 will go down as a truly significant year for us because we've shown investors the vast potential of our holdings while growing each of our businesses one strong step at a time. I anticipate solid, continued revenue growth in 2009. As we begin the new year, I look forward to sharing more with our investors precisely why our future looks even brighter. Our companies are real, our revenues are real, and our potential, especially that of ServeNation, is somewhat staggering."
ServeNation has seen explosive growth since it began operations on May 15, 2008 with revenues topping $100,000 in December alone.
Shareholders are encouraged to visit http://www.pineridgeholdings.com for informational updates.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
--------------------------------------------------------------------------------CONTACT:
Kevin May
260-637-9090
Still DRILLING, assays up next!
(Marketwire) -- 12/17/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed today the completion of its third and fourth drill holes at its "Mockingbird" Gold Project in Arizona.
The third hole was drilled from the same drill pad at the Great West Gold Mine, but the angle of the drill was steepened from 65 degrees to 80 degrees to test continuity of gold mineralization down dip from the previous hole. The altered and brecciated zone was encountered from 71 to 87.5 feet, which was before the 107' distance at which mineralization was expected. This is suggestive of listric faulting, which is an expected characteristic of detachment terranes. The hole was terminated at 144 feet.
The third hole was collared downhill from the second hole, approximately 80 feet west of the Great West shaft. It was drilled at an angle of 68.5 degrees. This hole encountered two altered and brecciated zones, from 50 feet to 64 feet and from 70 feet to 90 feet. This hole was terminated at 154 feet.
The drill rig has been moved to the site for the fifth hole, which is further downhill along the strike of the Great West vein.
There are now two drill crews working around the clock, and a second water truck has been obtained to expedite drilling. Because of the rapid drilling pace it has not yet been possible to do detailed logging of the drill core.
Hunt Gold Corporation's CEO Mike Saner stated, "We are greatly encouraged that the drilling program is continuing on schedule and that each drill hole so far appears to be finding the target mineralized zone."
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G. Saner
Source: Hunt Gold Corporation
(Marketwire) -- 12/17/08 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty has issued the following statement responding to concern raised following recent news about a similarly named company.
"Franklin Oil and Gas International, SA was formed to satisfy legal requirements for Franklin Mining, Inc. to conduct business in Argentina and is the corporate entity currently negotiating to construct and operate a gas-to-liquid processing plant and other energy projects in Argentina. Franklin Mining, Inc. holds 51% ownership of Franklin Oil and Gas International, SA.
"A recent news report in Argentina concerning the pending dissolution of a similarly named company has generated concern for the status of our gas project. The company most frequently named in questions we've been receiving is Franklin Oil and Gas, Argentina SA. On the advice of legal counsel, this company was formally dissolved when Franklin Oil and Gas International, SA was formed and organized in full accordance with Argentina's requirements of foreign companies.
"Neither Franklin Mining, Inc. nor Franklin Oil and Gas International, SA are involved in the reported dissolution procedures."
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a branch company of Franklin Mining, Inc.
Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------Contact:
Investor Relations firm
A. S. Austin & Company
702-386-5379
Source: Franklin Mining, Inc.
Marketwire) -- 12/16/08 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty has returned from a two-week visit to Franklin offices in Bolivia and Argentina. Later this week, Mr. Petty will report to Directors, Executives and Consultants on recent progress at the company's Escala Mine joint-venture prior to releasing his year-end Memo to Shareholders.
Since releasing his November 6, 2008 Progress Report, mine development has resulted in the completion of an additional 225 meters of crosscut and haulage tunnels. An estimated 1,000 tons of new mined material are currently waiting delivery for processing. Earlier samples taken from veins intersected by these tunnels projected mineralization of 3.0% Zinc, 2.5% Lead and 300 grams Silver.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------Contact:
Investor Relations
A. S. Austin & Company
702-386-5379
Source: Franklin Mining, Inc.
OOPS another drill hole
(Marketwire) -- 12/15/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirmed today that it has completed its second drill hole at its "Mockingbird" Gold project in Arizona. The drill hole was located at the Great West Gold Mine a few hundred yards uphill from the first drill hole at the Pocahontas Mine.
Almost from the beginning of the hole, the core exhibited spider web stock work fracturing with intense iron oxide staining. At 73 feet of depth argillic alteration was encountered. The strongest zone of mineralization was from 83 feet to 100 feet. Alteration continued to a depth of 113 feet, and there was spider web iron-stained fracturing, on and off, until the hole was terminated at a depth of 154 feet.
Given the potential for disseminated gold mineralization, core from intervals throughout the hole will be submitted for assay, not just core from the visibly altered and mineralized zones. The assay work will be done by Jacobs Assay of Tucson, Arizona by an assayer registered with the State of Arizona Board of Technical Registration.
Jacobs Assay specializes in fire assay, precious metal analysis, geochemical analysis, inductively coupled plasma emission spectrometry (ICP) and preliminary metallurgical testing.
The third hole of this drilling campaign will be drilled starting Monday December 15, 2008 from the same drill pad at the Great West Mine from which the second hole was drilled. However, the angle will be steepened to 80 degrees from 65 degrees in order to intercept the Great West gold vein at greater depth. The Company's Senior Project geologist Ed Huskinson expects to intercept the mineralized zone for the next hole at 107 feet of depth.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
Well done thx again for the valuable info, I to have been in and out of this stock for over 3 years. had lots of Jupiter global back then. Best to you. Silver
I have been buying more at these levels also.
Thank-you!
(Marketwire) -- 12/12/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) Hunt Gold announces that it completed its first drill hole at the Mockingbird Gold Mining Project in Arizona.
The hole, located at the Pocahontas Mine, encountered alteration at a depth of 100 feet and entered the ore zone at 103 feet. Crumbled quartz veining and stock work were encountered from 107.5 feet to 110 feet, followed by a 3 foot interval of silicic stock work footwall from 110 feet to 113 feet.
Drilling was continued to a depth of 150 feet in anticipation of finding a footwall split. Instead, 37 feet of metasediment was found with a hematitic overprint and vuggy quartz veinlets. This was a first for the property, as the Precambrian lower plate is typically gneissic rather than sedimentary. Accordingly, the Company plans to assay core from a depth of 97 feet to the termination depth of 150 feet.
Hunt Gold Corporation CEO, Mike Saner stated, "We are very pleased with our growing understanding of the structure of gold mineralization at our 'Mockingbird' Gold Mining Project. The Company's Project Geologist Ed Huskinson had expected to encounter the ore zone at a depth of 110 feet; and the heart of the vein was found between 107.5 feet and 110 feet. You can't get much closer than that."
The drill rig was moved to the upper drill pad at the nearby Great West Mine on Thursday, December 11, 2008 in the afternoon, where the second drill hole was collared this morning, Friday, December 12, 2008."
Pads have already been completed for the next four drill holes, at the Great West Mine, which is located uphill from the Pocahontas Mine.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Mr. Michael G Saner
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Source: Hunt Gold Corporation
What was the name, and or symbol of his Market Maker firm?
It's good to have so knowledgeable people around to help us ignorant folks out. Thank-you for the words of wisdom.
(Marketwire) -- 12/11/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announces that it is off to a quick start on the drilling at its Mockingbird Gold Mining Project in Arizona.
The first borehole was collared at the Pocahontas Mine on Wednesday morning, December 10, 2008. Bedrock was reached at approximately 20 feet and, as of 8pm EST, a depth of 87 feet had been reached, all in preCambrian lower-plate gneiss. The rock so far has been foliated and fractured. The hole is being drilled at a 50 degree angle. The gold-bearing vein dips at a 62 degree angle, and Project Geologist Ed Huskinson predicts that drill contact will be made with the vein at about 110 feet depth, although perhaps as much as 185 feet if the angle of the vein changes with depth.
Hunt Gold Corporation, CEO Mike Saner, stated, "Hunt Gold Corporation is encouraged with the rapid progress during its first day of drilling at Mockingbird. At this rate, the initial drill campaign should be completed by Christmas, and the Company should begin to receive the assay results during January of 2009."
Video was taken throughout the day, and will be posted on the Company's website once operational next week.
Pads have already been completed for the next four holes, at the Great West Mine, which is located uphill from the Pocahontas Mine. The drill rig will be moved to the Great West Mine once drilling is completed at the Pocahontas Mine.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced in January of 2009.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G. Saner
More evidence that it is not a scam, not enough money in it for the company or insiders, but Naked Shorters have a reason to drive it down, scare people out and cover.
Your free to have your opinion, I don't agree, I have made good money trading this stock over the years. Pinks are not good investments they are good for trading. IMHO
News will come and this will run
Anyone seen this before?
http://www.hazhotels.com/Final%20HOTEL_MARQUIS_UFOC.pdf
So youu think the last Pr's are lies?
cash divi will burn shorty.
(Marketwire) -- 12/09/08 -- Paivis, Corp. ("PAIVIS" or the "Company") (PINKSHEETS: PAVC) today provides a reminder to shareholders of its upcoming record date for the payment of a special stock dividend that will entitle the holder to the right to receive a future cash dividend payment ("Special Dividend").
Shareholders of record as of close of business December 12, 2008 will receive this Special Dividend on a basis of one (1) share of the Special Dividend for every ten (10) shares of common stock held.
Please see previous press releases for additional information regarding the Special Dividend.
Mr. Sands, CEO of Paivis, stated: "Once again, I wish to reiterate to our shareholders the importance of the upcoming record date of this Special Dividend, as it is an important part of the Company's plan to deliver shareholder value."
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations.
--------------------------------------------------------------------------------Contacts:
Paivis, Corp.
Phone: 404-601-2885
www.paivis.com
Source: Paivis, Corp.
Total MM manipulation.
I Respectfully Disagree its a NS sting. IMHO
Why would he be dumping with drilling started and good things to come???
Looks like no bid coming. MM's naked shorting. IMHO
A second PR (Marketwire) -- 12/05/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) provides a very brief overview of its Gold Mining Properties and the initial exploration plans to assist stockholders in analyzing the Company:
Stockholders will be in a position to download very comprehensive reports on each of these Gold Mining Properties from the Corporate web site as they are completed by Professor Colliston and the Company's Geologists. This is a very brief overview in order to assist stockholders prior to those reports being made available.
Stockholders will note that a number of the Company's Gold properties are historic producers, do not require infrastructure to be built to bring these mines back to production and that actual Mining will be relatively inexpensive on these particular Gold Properties.
1. Mockingbird:
The Mockingbird Project consists of approximately 2,500 acres of mineral rights located in the heart of the historic Mockingbird Mining District, which is about 50 miles southeast of Las Vegas. The project area is about 5 miles west of the major Las Vegas / Phoenix highway and within 10 miles of the Colorado River. There is a high voltage power line immediately north of the property.
Geology:
The "Mockingbird" gold deposit is a detachment fault deposit. Mineralization is primarily located in the lower plate, which is comprised of Precambrian rocks over 1 billion years of age. The mineralizing event was regional crustal extension along the Mockingbird fault, which occurred about 15 million years ago. Detachment fault deposits were first recognized as a separate form of gold deposit in the 1980s. The best example of an Arizona detachment gold deposit is Copperstone, which, like Mockingbird is in the highly extended Western Arizona terrain near the Colorado River. Copperstone was the biggest gold discovery in Arizona in at least 50 years. Cyprus Gold profitably mined the 500,000 oz. gold Copperstone open pit resource during the 1980s, and another mining company is presently assessing the feasibility of mining the comparable sized underground gold resource at Copperstone.
Unlike Copperstone, Mockingbird is a historic gold producer. 15,000 ounces were produced by the Mockingbird District from high grade ore. A majority of this production was from the Mockingbird Mine, which is the centerpiece of Hunt Gold Corporation's land position. Other mines producing gold were the Great West, Hall (Dandy) and Pocahontas Mines, all of which are included in Hunt Gold Corporation's claim block.
Exploration Activities to Date:
Starting in the 1980s there has been a great deal of exploration work at Mockingbird, starting with Gulf Mineral Resources, and later by Anaconda, which estimated the deposit at 10,000,000 tons of .05 to .1 oz / T gold. This means the deposit is in the range of 500,000 to 1,000,000 ounces of gold, approximately the same size as Copperstone.
Exploration Program:
Hunt Gold Corporation has obtained much of Anaconda's work product, and is commencing a drill campaign to test the high angle vein structures at the Great West, Dandy and Pocahontas Mines. The Company will also be conducting soil geochemical and geophysical surveys (including ground magnetic) in the area of the former Anaconda claims preparatory to a second drill campaign in 2009.
2. Golden Eagle:
The Golden Eagle property is located in Imperial County, California a few miles west of Yuma, Arizona. It is geographically located between and on trend with the Mesquite gold mine and the Picacho gold mine. Mesquite was mined by Newmont for over 15 years and produced 154MM tons of ore at an average grade of .026 OPT, for a total of 4MM ounces gold. Newmont proved an additional 42.9MM tons at .021 OPT, which the present owner plans to develop. Picacho was the flagship gold mine of Glamis Gold, producing 388,000 ounces of gold from 1981 until the mine's closure in 2000.
Geological Setting:
The regional geological setting is dominated by a major low angle fault system that occurs throughout the southeastern Chocolate Mountains, and which is commonly known as the Sortan fault. At the Golden Eagle property, this structure connects with a similar structure to the north. Most of the gold occurs in a breccia unit related to the Sortan fault that strikes northwest, dips northeast and juxtaposes Jurassic Winterhaven Formation against lower plate gneisses which have been extensively intruded by biotite alaskite phases of the Marcus Wash per aluminous granitic complex.
Past Production:
Previous production of gold and silver came from two shafts on the property.
Exploration Program:
Geochemical work by MagnaChem Exploration demonstrated the similarity of the mineralization at Golden Eagle to the arsenic-rich per aluminous gold systems at both Mesquite and Picacho. Hunt Gold plans geochemical and geophysical work (including ground magnetic) in order to confirm prior exploration results and identify drill sites.
3. Ambassador:
The Ambassador Gold Project is located near Prescott, Arizona in the Black Hills Mining District, which is south of the Verde Mining District and west of the Cherry Creek Mining District. Each of these districts has seen significant past production of gold, silver and copper. Well-known area mines include the United Verde, United Verde Extension, Yaeger, Monarch and Logan Mines.
Geology:
The regional geological setting is predominantly Precambrian, with an embayment of quartz diorite bounded by schist to the north and east and by the Shylock Fault Zone to the west. The principal types of gold deposits are (1) Precambrian gold-quartz veins in igneous rocks (the type of deposit at the Ambassador), (2) Mesozoic or Tertiary gold and gold-silver veins in metamorphic rocks and (3) scattered Precambrian gold-quartz-tourmaline volcanogenic massive sulfide ("VMS") deposits. In the Ambassador Gold Project area, the dominant rock type is quartz diorite. In the western part of the claim block (West Hills), dikes of granodiorite porphyry cut across the quartz diorite. At the Ambassador mine and in the East Hills Area east of the mine, there are gold-quartz hypothermal veins, which were deposited under conditions of high temperature and pressure, probably genetically related to the later stages of emplacement of the Precambrian age quartz diorite mass.
Past Production:
Several thousand ounces of gold were produced at the Ambassador Mine from approximately 20,000 tons of ore by two operators from 1900 to 1940.
Exploration Program:
Past exploration by UNC focused on sampling of the underground workings of the Ambassador Mine, and also delineated mineralized areas for further exploration in the East Hills and the West Hills. The sampling showed excellent gold grades at the mine exposures and the potential for developing an economic ore deposit of over 1,000,000 ounces of gold and gold equivalent silver and copper credits through a staged exploration program. An initial geochemical and geophysical program is planned to confirm past work by UNC and plan future drilling on the property.
4. Gladstone Lookout:
Near Prescott, Arizona, the Gladstone Lookout is adjacent to the Gladstone McCabe Mine, which produced, from 1880 to 1926, at least 62,800 ounces of gold and 779,000 ounces of silver. The Gladstone McCabe was reopened during the 1980s by Stan West and later sold to a subsidiary of BHP. Reportedly, Stan West used a suboptimal recovery method, leaving gold values in the tailings (initial estimate of over 100,000 tons at .036 oz. gold per ton) that could be recovered with more effective methods. The 460 acre claim block also includes a 50% interest in the mineral rights of the patented Lady Alde gold mine, as well as the Lookout Silver Mine. The Lookout is on the same vein as the Arizona silver mine, which produced over $4,500,000 of silver, with grades up to 20 ounces per ton.
Geology:
These claims are located in a 3,000 foot long mineralized zone lying within the Precambrian Spud Mountain volcanic.
Past Production:
The Lookout Mine is a past producer of gold, silver, copper and lead. The most recent period of operation was in the late 1970s and early 1980s, when shipments of concentrates milled at the mine were made to the Asarco smelter in El Paso.
Exploration program and potential:
Hunt Gold Corporation plans preliminary geochemical and geophysical work centered on the Lookout Mine. The target would be another Gladstone McCabe type deposit, which was mined to a depth in excess of 1,100 feet and produced ore of average grade of 1.6 oz / T gold, 10.2 oz / T silver, 2% copper, 2.1% lead and 4.7% zinc.
5. Starlight, American Flag, Venezia and Stormcloud Mines (Hassayampa Gold Project):
These properties are located in the Hassayampa Mining District, approximately 15 miles south of Prescott, Arizona. Spread over 800 acres are the Starlight, American Flag and Venezia gold mines, as well as the mineral rights to the Stormcloud group of 13 patented mining claims. The Venezia Mine is located right off Senator Highway, with the Starlight and American Flag properties located up Starlight Canyon from Venezia. Stormcloud is immediately east of the Senator Mine.
Geology:
These are Precambrian deposits located in Yavapai schist, rhyolite and granodiorite. There are veins on the rhyolite / schist contact, which range in width from 2 feet to 10 feet. Vein filling is quartz and ore occurs in the form of chalcopyrite carrying both gold and silver. Past production was reported together with the neighboring Senator Mine, formerly owned and operated by Phelps Dodge, and exceeds $10,000,000 in current dollars.
Past Production:
Each of the Hassayampa Properties is a past producer.
The Starlight and American Flag produced gold, silver, lead and zinc from high grade ore from the 1920s until the 1940s.
Venezia produced gold and silver from high grade ore starting in the 1890s. Production also continued until the 1940s.
The Stormcloud was first operated as a gold mine in the 1880s; substantial production of 1 oz. / T (high grade) gold ore resulted. It was also operated from 1900 to 1907, from 1924 to 1929 and from 1935 to 1939. During the latter two periods of operation the tonnage mined was 14,200 tons with the average value of $13 per ton (over $400 per ton at 2008 gold prices).
Exploration Program:
Initial exploration will focus on the Venezia and Starlight groups of claims in order to assess whether there is potential for a large bulk mineable deposit of gold and silver, as is believed to be the case at Ambassador, which is in a similar geological setting.
6. Buffalo, Lime Cap, Red Cloud and Federal Mines (Cherry Gold Project):
The Cherry Gold project is located in the Cherry Creek Mining District, about 10 miles southeast of Jerome, which has been Arizona's premier producer of gold, silver, copper and zinc from Precambrian ore deposits. The Cherry Gold claim block is strategically located between the American Molygold gold and molybdenum property to the east, and the Ambassador gold mine to the west. Included in the 650 acre land package are the Buffalo, Limecap and Red Cloud gold mines, as well as a 51% interest in the mineral rights of the Federal Mine, which is comprised of 14 patented mining claims.
Geology:
These are Precambrian gold and silver deposits located in granite of the Cherry Batholith. The veins occur in the granite, within shear zones which strike north -- northeastward and dip to the south. The vein filling consists of irregular, lenticular bodies of massive, shiny white quartz with small amounts of greenish-black tourmaline. Part of the gold occurs as fine particles in the quartz, particularly with limonite, and part is contained in the sulfides.
Past Production:
The Federal Mine is a previous producer of gold from its high grade veins.
Previous Exploration:
The most recent mineral exploration in the Cherry District was by Alanco and American Moly Gold, and they discovered evidence of a porphyry copper molybdenum deposit to the east of the property, which may be associated with the gold mineralization throughout the rest of the Cherry District. The Federal Mine constitutes a large patented claim block with mineralization that is similar to the District's two main past producing mines, i.e. the Monarch and Logan Mines. Hunt Gold Corporation has acquired three other mines (Buffalo, Limecap and Red Cloud) in the immediate vicinity which, when combined with the Federal Mine, could result in a profitable high grade underground gold and silver mining enterprise, as well as provide lower grade bulk mineable potential.
Exploration Program:
Initial exploration will focus on the Red Cloud, Buffalo and Lime Cap claims in order to assess whether there is potential for a large bulk mineable deposit of gold and silver, as is believed to be the case at the nearby Ambassador gold property, which is in a similar geological setting.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Normally the whole core is not assayed, the Geologist locates the veins or interesting sections of the core splits it and sends to two competing labs. Assays take anywhere from a week to several months depending on the type of analysis and how busy the lab is. gold fire assays are quick and common. Arizona has several good assay labs, used them my self.
From Pink Sheets Legal Counsel for HGLC, this is a very good firm.
Anslow & Jaclin, LLP
195 Route 9 South
Suite 204
Manalapan, NJ 07726
Good laugh, thx. I am getting excited about the potential of the drilling!
Well I believe the company
News looks good, the next few weeks could get interesting!
(Marketwire) -- 12/05/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that the Company will be commencing its initial drilling on its "Mockingbird" Gold Property in the next few days; as planned and announced. At this time, all contractors and Senior Company personnel are on site preparing for this initial but extremely important drilling and exploration work.
The Company has obtained approval from the United States Department of the Interior, Bureau of Land Management (BLM) pursuant to Title 43, Section 3809 of the United States Code of Federal Regulations. The Company will be permitted to start drilling on December 8, 2008. The necessary reclamation Bond was filed with the BLM.
The Company will commence next week with drilling results; this to be followed by the Assay results. These results, coupled with further and more extensive drilling will allow the Company's Management to move the Company forward to being a producer of Gold in a relatively short period of time; with the Company's "Mockingbird" Gold Property being an historic gold producer with no access problems to the mine thereby ensuring a relatively inexpensive production program.
Previous exploration work by the Company and by others have identified high grade gold in quartz veins in the vicinity of the Great West, Dandy and Pocahontas Mines, which are in the southern portion of the company's "Mockingbird" Gold Project claim block. The Company will test these targets with a 1,200 foot program of core drilling.
The following seven proposed drill holes were included in the Notice of Intent:
Pocahontas Mine: - Drill hole #P-08-1 - 150 feet - To be drilled S
80W at -70 degrees.
Great West Mine: - Drill hole #GW-08-1 - 150 feet - To be drilled
SSW at -70 degrees.
- Drill hole #GW-08-2 - 180 feet - Hole will collar
beside GW-08-1; steepen to -80 degrees for
down-dip mineralization.
- Drill hole #GW-08-3 - 150 feet - Hole will collar
on roadside; to be drilled at -60 degrees to test
lower part of vein.
- Drill hole #GW-08-4 - 220 feet - Hole will collar
on roadside, 120 feet below the GW-08-3 collar.
It will be drilled at -60 degrees, same azimuth
(165) to test down-dip.
Dandy Mine: - Drill hole # D-08-1 - 180 feet - Hole will collar
at roadside, approximately 110 feet below the
mine workings, and will be drilled at azimuth 160
and at -50 degrees.
- Drill hole # D-08-2 - 170 feet - Will collar
beside road approximately 150 feet north of
D-08-1, azimuth 160, -50 degrees.
As previously announced, the drilling will be done by Tonatec using a Boart Longyear LF-70 core drill. Drilling will be supervised by Ed Huskinson, the Company's Project Geologist and by Jack Light, the Company's Senior Geologist.
The Company's "Mockingbird" Gold Project, consisting of approximately 2,500 acres, is located in Mohave County, Arizona; it is about midway between Las Vegas, Nevada and Kingman, Arizona. It includes 4 past producing gold mines (Mockingbird, Great West, Dandy and Pocahontas Mines). Past work by Anaconda identified the property as having potential for a million plus ounce gold resource. The present drilling program is intended to confirm the gold mineralization previously identified by surface sampling, and begin to build a proven or probable gold resource.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
Mr. Michael G Saner
E Mail: Email Contact
Telephone: (954) 840-6956
Source: Hunt Gold Corporation
(Marketwire) -- 12/05/08 -- Paivis, Corp. (PINKSHEETS: PAVC) ("PAIVIS" or the "Company") today announced to its shareholders that one of the Company's key acquisition candidates, AAAA Media Services Ltd. (A4), through their management and advisors, are committed to working closely with the Company to accelerate the process towards a closing. Further to that the Company plans on purchasing its planned acquisitions through mostly stock transactions.
The A4 acquisition is made easier since the parities first entered into an agreement in 2007 and the process is now focused on amending that agreement.
Lawrence Sands, CEO, said: "The acquisitions pending for the Company are important for our plans to provide value to our patient shareholders. Considering the economic conditions, all parties involved feel majority stock transactions provide the best ability to achieve a closing in the shortest amount of time."
The Company looks forward to providing further announcements as the transactions develop.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS' actual results, performance or achievements to differ materially from current expectations.
--------------------------------------------------------------------------------Contacts:
Paivis Corp.
Phone: 404-601-2885
www.paivis.com
Source: Paivis, Corp.
(Marketwire) -- 12/04/08 -- Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") is pleased to announce that Mr. Shyam Vasnani has been appointed as the company's agent to oversee the operations in the Republic of Ghana. Mr. Shyam Vasnani holds a position at Victory Mining, Madagascar and held a recent position in Krishna International Products, Ltd. in Nigeria, with a strategic position in their operations in Liberia. His in-depth knowledge, combined along with the fact he was brought up in the Republic of Ghana, will allow Prom Resources to leverage his relationships to further the Company's operations and expansion.
During the past two quarters, the Company has made sales that have totaled $2,743,000 USD. The generated profit to the company will be used to purchase equipment, secure new concessions in the Republic of Ghana, and continue to finance new inventories and other opportunities to enhance shareholder value.
"We are pleased to have Mr. Vasnani join our team, and we are excited to have his expertise to enhance our shareholders value," said, Dror Moradov, President of Prom Resources. Further Mr. Moradov added that, "Even with the recent decrease in the market price of gold, the Company will continue to have cost effective margins."
For further information please visit our website at www.promresources.com or email us at info@promresources.com
Investor Relations contact
Dror Moradov - President
Telephone number: 954-697-2199
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Prom Resources, Inc. and its subsidiaries (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) not being able to discover any material economically feasible to mine; (b) whether to manage our planned growth efficiently, including whether management will be able to identify, hire, train, retrain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities; (c) whether to generate sufficient revenues or obtain financing to sustain and grow our operations. Prom Resources, Inc.'s plans, as reflected above, should not be construed by any means whatsoever as a reflection of the Company's future stock price or future financial results.
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--------------------------------------------------------------------------------Investor Relations contact
Dror Moradov
President
Telephone number: 954-697-2199
Source: PROM RESOURCES