- never look down on anybody unless your helping them up!
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nice wake-up call today!
nice wake-up call today!
morning lizzy - are you still alive?
I almost forgot my i-hub password.
not doing any trading, but need to get started again.
talk to you soon.
News for 'TGIC' - (Triad Guaranty Inc. Commences Voluntary Chapter 11 Proceeding)
BIRMINGHAM, Ala., June 3, 2013 /PRNewswire via COMTEX/ -- Triad Guaranty Inc.
(the "Company") (OTC Pink: TGIC) announced today that it has filed a voluntary
petition for relief under Chapter 11 of the United State! s Bankruptcy Code (the
"Bankruptcy Code") in the United States Bankruptcy Court for the District of
Delaware. The Company also announced today that the Magistrate Judge for the
U.S. District Court of the Middle District of North Carolina issued an order
denying the Company's motion to dismiss the pending Phillips class action
lawsuit against the Company and two of its former officers alleging violations
of federal securities laws. As of today, the Company has not determined whether
to appeal this decision and intends to continue to vigorously defend itself in
this action.
As previously reported by the Company, on December 11, 2012, the Company's
mortgage insurer subsidiary, Triad Guaranty Insurance Corporation ("TGIC"), was
placed into rehabilitation, whereby the Illinois Department of Insurance was
vested with possession and control over all of TGIC's assets and operations. As
a result, the Company's Board of Directors has conclude! d that filing for Chapter
11 protection under the Bankruptcy Code is in the best interest of the Company's
stakeholders. The Company expects that this Chapter 11 proceeding will provide
it with the opportunity to pursue strategic alternatives to a liquidation.
On January 28, 2013, the Company deregistered its common stock under the
Securities Exchange Act of 1934 and ceased filing periodic reports with the SEC.
Following deregistration, the Company's common stock has been quoted on the OTC
Pink tier operated by OTC Markets Group, a centralized electronic quotation
service for over-the-counter securities. For more information, Company
stockholders may access the Company's website, www.triadguarantyinc.com.
SOURCE Triad Guaranty Inc.
http://rt.prnewswire.com/rt.gif?NewsItemId=CL25550&Transmission_Id=201306032030PR_NEWS_USPR_____CL25550&DateId=20130603
www.prnewswire.com
Copyright (C) 2013 PR Newswire. A! ll rights reserved
-0-
KEYWORD: Alabama
Delaware
North Carolina
INDUSTRY KEYWORD: FIN
OTC
SUBJECT CODE: BCY
Hey Lizzy, long time no talk.
Hope your doing great & enjoying the summer!
News for 'INIX' - (iFinix Files Financials)
HARRISON, NY, Mar 07, 2013 (MARKETWIRE via COMTEX) -- iFinix Corp. (PINKSHEETS:
INIX), a consulting and management holdings company consisting of several
subsidiaries, announced today that the Company has filed its financial
statements for the Dece! mber 31, 2012, making it current in its filings and on
otcmarkets.com.
Management continues to move forward with its Plan of Action to achieve DTC
eligibility, to become a fully reporting company and ultimately uplist INIX
shares to a more senior exchange.
About iFinix Corp.
iFinix is a diversified information technology services and solutions company
with expertise in systems integration, outsourcing, infrastructure and server
technology. iFinix has established a product line that delivers financial and
business information with streaming, real-time market data, news and analytics
to professionals and active individual investors. The company's suite of
products includes iFinix RealTime, iFinix Trader and eFinix. Visit
http://www.iFinix.com
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the
meaning of section 27A of the Securities A! ct of 1933 and section 21E of the
Securities Exchange Act of 1934 and is subject to the Safe Harbor created by
those sections. This material contains statements about expected future events
and/or financial results that are forward-looking in nature and subject to risks
and uncertainties. Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results, performance
or achievements of iFinix Corporation to be materially different from the
statements made herein.
SOURCE: iFinix Corporation
Copyright 2013 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Software
Financial Services:Commercial and Investment Banking
! ; Professional Services:Investor Relations
Professional Services:Consulting
Financial Services:Personal Finance
Me either, not posting much lately.
Still like to stay in touch with you though:)
Hey lizzy - I figured I should post a message here, just to be the 1st one for 2013!
Hope 2013 has been good so far!
News for 'TGIC' - (Triad Guaranty speeds toward potential bankruptcy)
Jan 29, 2013 (Winston-Salem Journal - McClatchy-Tribune Information Services
via COMTEX) -- The pending end of business at Triad Guaranty Inc. appears to be
accelerating, as the company announced today three significant devel! opments that
include the potential of entering bankruptcy.
Triad Guaranty, based in Winston-Salem, is a mortgage-insurance company that
protects residential-mortgage lenders, such as banks, credit unions and mortgage
brokers, from losses if homeowners default on their loans.
In June 2008 -- six months after the financial crisis began -- Triad said it
stopped writing new mortgage insurance policies and began conducting "an orderly
transition of its business to runoff." That means the company's revenue coming
from existing policies will eventually expire.
At that time, Triad officials said they expected the company to exist until at
least 2015 to 2017. But since the company entered runoff status, at least 206 of
its 250 local jobs have been eliminated.
The company announced that as a byproduct of being taken over by its regulator,
the Illinois Insurance Department, it has no significant operating activities
and limited ! remaining cash and other assets on hand.
Although the company said it would explore its strategic options, it
"anticipates seeking to dissolve the corporation either through Chapter 11,
Chapter 7 or otherwise."
The second development is that its principal business office has moved,
effective today, to Birmingham, Ala., which is where William Ratliff III, its
chairman, president and chief executive, is based. Ratliff could not be reached
for immediate comment on how that affects Triad's remaining workforce.
The third development is that it has told the Securities and Exchange Commission
of its decision to deregister its common stock. Triad can take that step because
it has fewer than 300 registered shareholders at the start of fiscal year 2013.
The stock is expected to remain quoted on the Over-the-Counter Pink tier
exchange if trading interest remains.
"The company's board of directors believes that the anticipated accou! nting,
legal and administrative cost savings from deregistration substantially outweigh
any benefits of continued registration and are in the best interests of both the
company and the holders of its common stock," the company said.
"Following deregistration, the company does not expect to publish periodic
financial information or furnish such information to its stockholders except as
may be required by applicable laws." It also is changing its website to
www.triadguarantyinc.com, effective Friday.
Today's developments follow up on the Jan. 4 announcement that three top
executives, including president and chief executive Kenneth Jones, had been
fired as part of regulators taking over the company.
The companies were placed into rehabilitation under the Illinois Insurance code
Dec. 11. The department has jurisdiction over the companies because they are
domiciled there.
Paul Miller, acting special deputy receiver in the ! department's Office of
Special Receiver in Chicago, said Dec. 28 the agency terminated the three
executives as part of preserving the company's assets and protecting its policy
holders and creditors.
"Our goal is to run things as smoothly as possible," Miller said. "Policyholders
are still paying premiums. We are doing business as usual -- processing claims
and making payments."
On Nov. 14, Triad reported a $33.3 million loss in the third quarter, compared
with a $31.3 million loss in the second quarter and a $37.5 million lost a year
ago. Its deficit in assets was at $802.8 million on Sept. 30 with $771.4 million
on June 30.
rcraver@wsjournal.com
(336) 727-7376
___ (c)2013 Winston-Salem Journal (Winston Salem, N.C.) Visit Winston-Salem
Journal (Winston Salem, N.C.) at www2.journalnow.com Distributed by MCT
Information Services
Richard Craver
Copyright (C) 2013, Winston-Salem J! ournal, N.C.
-0-
SUBJECT CODE: WN
News for 'TGIC' - (Triad Guaranty completes severing ties with execs)
Jan 04, 2013 (Winston-Salem Journal - McClatchy-Tribune Information Services
via COMTEX) -- Triad Guaranty Inc. confirmed in a regulatory filing Friday that
three top executives, including president and chief executive Kennet! h Jones,
have been fired as part of the company being taken over by its regulator, the
Illinois Insurance Department.
The filing said Jones, Earl Wall, secretary and general counsel, and Shirley
Gaddy, operations, were terminated from those roles with subsidiary Triad
Guaranty Insurance Corp. on Dec. 27.
On Thursday, the executives resigned from those roles with the parent company.
The filing said the parent com-pany could hire Jones and Wall as consultants.
William Ratliff III, the parent company's chairman, has taken over as president
and chief executive. Ratliff as-sumed both posts on an interim basis after Mark
Tonnesen resigned as president and chief executive in July 2008 and Jones was
hired in October 2008.
Triad Guaranty is a mortgage-insurance company that protects
residential-mortgage lenders, such as banks, credit unions and mortgage brokers,
from losses if homeowners default on their loans.
In June ! 2008 -- six months after the financial crisis began -- Triad said it
discontinued writing new mortgage in-surance policies and began conducting "an
orderly transition of its business to runoff." That means the company's revenue
coming from existing policies will eventually expire.
At that time, Triad officials said they expected the company to exist until at
least 2015 to 2017. But since the company entered runoff status, at least 206 of
its 250 local jobs have been eliminated.
On Friday, Kenneth Dwyer, chief accounting officer for the parent company,
resigned from that post. He con-tinues to serve as chief accounting officer for
the subsidiary.
The companies were placed into rehabilitation under the Illinois Insurance code
Dec. 11. The department has ju-risdiction over the companies because they are
domiciled there.
Paul Miller, acting special deputy receiver in the department's Office of
Special Receiver in Chicago,! said Dec. 28 the agency terminated the three
executives as part of preserving the company's assets and protecting its
policy-holders and creditors.
"Our goal is to run things as smoothly as possible," Miller said. "Policyholders
are still paying premiums. We are doing business as usual -- processing claims
and making payments."
On Nov. 14, Triad reported a $33.3 million loss in the third quarter, compared
with a $31.3 million loss in the second quarter and a $37.5 million lost a year
ago. Its deficit in assets was at $802.8 million on Sept. 30 with $771.4 million
on June 30.
rcraver@wsjournal.com
(336) 727-7376
___ (c)2013 Winston-Salem Journal (Winston Salem, N.C.) Visit Winston-Salem
Journal (Winston Salem, N.C.) at www2.journalnow.com Distributed by MCT
Information Services
Richard Craver
Copyright (C) 2013, Winston-Salem Journal, N.C.
-0-
SUBJECT COD! E: WN
News for 'TGIC' - (Update: Illinois Places Triad Guaranty Into Rehabilitation; Company Says Liquidation Is Likely Result)
CHICAGO, Dec 12, 2012 (A. M. Best via COMTEX) -- (Update: Corrects information
in the first paragraph.) The Illinois Department of Insurance has reached a
rehabilitation ag! reement with North Carolina-based Triad Guaranty Insurance
Corp. and a subsidiary, Triad Guaranty Assurance Corp., that will allow the
state to restructure the companies' business. Meanwhile, the company issued a
statement indicating the move likely would result in the overall holding
company, Triad Guaranty Inc. undergoing Chapter 11 bankruptcy proceedings.
The rehabilitation order has been approved by the company boards of directors
and was filed in Cook County Circuit Court, which entered a finding of
insolvency against the two companies.
The legal actions are the offshoot of two earlier corrective orders under which
Triad has been operating. The two companies voluntarily ran off of their books
of business in 2008 after being hit hard by a wave of foreclosures during the
housing crisis (Best's News Service, June 20, 2008). In 2009, former Illinois
Director of Insurance Michael T. McRaith, who is now in charge of the Federal
I! nsurance Office, gained a court order that held out Triad payments to 60% of
claim values. Under that order, 40% of all valid claims lodged against Triad
after June 1, 2009 were withheld as deferred payment obligations (Best's News
Service, April 3, 2009). As part of the 2009 corrective order, Triad was
required to set aside invested assets into an escrow account in an amount equal
to the combined deferred payment obligations and the interest accrued.
But the court's new insolvency finding states on Sept. 30, the company reported
its deferred payment obligation was $765 million, which exceeded cash and
invested assets of Triad at that date.
By state law, Illinois DOI Director Andrew Boron now becomes the statutory
rehabilitator of both companies. The restructuring involves assuming the
company's affairs but refusing to take on new obligations or issuing new or
renewing policies. Boron is vested with the title to the companies' prop! erty,
assets, lawsuits, books, records and premises. Boron is preparing to file a new
rehabilitation plan within 45 days to address payment of claims by creditors,
including mortgage lenders Fannie Mae and Freddie Mac and other banks.
Triad Guaranty, Inc. issued a Dec. 11 statement stating the rehabilitation
action would negatively impact its ability to fund its operations. "Triad
Guaranty Inc. expects that this action will likely lead it to commence winding
up its business and liquidating through a Chapter 11 bankruptcy proceeding or
other liquidation proceedings, although the timing of the institution of such a
proceeding has not been determined," the statement said.
On Dec. 10, the Illinois DOI approved reimbursement by Triad of $734,000 of
Triad Guaranty Inc. expenses on behalf of Triad. The company's statement said
the new rehabilitation order will result in no further expense reimbursements or
other funds from Triad. Neith! er Triad Guaranty Insurance nor Triad Guaranty
Assurance is rated by A.M. Best Co.
(By Thomas Harman, associate editor, BestWeek)
Tom Harman
Copyright (C) 2012 by A. M. Best Company, Inc.
-0-
KEYWORD: CHICAGO
News for 'TGIC' - (Triad Guaranty taken over by Illinois regulator)
Dec 11, 2012 (Winston-Salem Journal - McClatchy-Tribune Information Services
via COMTEX) -- The first local corporate victim of the financial crisis -- Triad
Guaranty Inc. -- appears set to become its latest casualty.
Of! ficials at the Winston-Salem mortgage-insurance company said Tuesday the
Illinois Department of Insurance plans to take over its operations and those of
its subsidiary, Triad Guaranty Insurance Corp.
Mortgage insurers protect residential-mortgage lenders, such as banks, credit
unions and mortgage brokers, from losses if homeowners default on their loans.
The Illinois department has jurisdiction over the companies because they are
domiciled there, and the department serves as their regulator.
As of Tuesday, it was unclear what next step is for the several thousand Triad
policy holders.
In June 2008 -- six months after the financial crisis began -- Triad said it
discontinued writing new mortgage insurance policies and began conducting "an
orderly transition of its business to runoff." That means the company's revenue
comes from existing policies that eventually expire.
Triad officials said at that time they expected th! e company to exist until at
least 2015 to 2017. However, since the company entered runoff status, 206 of its
250 local jobs have been eliminated.
The takeover "will negatively impact Triad Guaranty Inc.'s ability to fund its
operations in the future," the company said in a statement.
"Triad Guaranty Inc. expects this action will likely lead it to commence winding
up its business and liquidating through a Chapter 11 bankruptcy proceeding or
other liquidation proceedings."
Most companies that liquidate do so through Chapter 7 bankruptcy, but Chapter 11
bankruptcy offers some options for liquidation.
Bob Ogburn, the company's treasurer, said Tuesday the subsidiary will file
shortly a rehabilitation plan with the department. If the department approves
the plan, it will take it before the Circuit Court of Cook County for its
approval, likely by the end of the month.
"Right now, it's business as usual for the subsidiary! ," Ogburn said. "It still
has a good bit of funding left."
The primary aspect of the rehabilitation order is that the director of the
department takes possession and control of Triad's assets and liabilities. That
means Triad "will cease to have any oversight or management authority over its
business and affairs."
Triad's board of directors consented to the department's request. The department
agreed to provide Triad with $734,000 to reimburse the company for recent
expenses. Triad said it does not expect to receive any further reimbursements of
expenses.
Tony Plath, a finance professor at UNC Charlotte, said the department's action
is the equivalent of the unfolding of a bank failure.
"Triad Guaranty is being seized by its principal regulator in preparation for a
liquidation that's going to be determined by the Illinois Department of
Insurance," Plath said.
Triad is not the only local mortgage insurer forced i! nto runoff by the sour
housing market.
Republic Mortgage Insurance Co. went into runoff in August 2011. It has Republic
has about 250 employees in Winston-Salem.
On Dec. 3, its parent company, Old Republic International Corp. of Chicago,
reached an agreement with the N.C. Insurance Department that could allow
Republic to stay in existence for as long as another nine years.
Triad was founded in 1987 and became a publicly traded company in 1993.
As recently as 5 1/2 years ago, Triad was a major, and profitable, beneficiary
of the national housing boom since it provided private-mortgage insurance to
homeowners who couldn't afford a 20 percent down payment.
As lenders began providing more exotic mortgage products, some requiring little
or no down payment, business surged for private mortgage insurers as the
national homeownership rate exceeded 68 percent.
Triad posted several quarters of record profitability durin! g that time. Its
share price hit a record high of $60.48 in December 2004.
However, when the economy soured in 2007 and 2008, waves of job cuts led to an
epidemic of homeowners missing enough mortgage payments to spawn an
unprecedented surge in foreclosures. As of Sept. 30, Triad reported that 26
percent of their clients are 30 or more payments behind.
Triad quickly began struggling to meet its financial obligations to lenders.
Since entering runoff, its share price has traded the past 4 1/2 years in a
range of 10 to 50 cents.
What might have sealed Triad's fate is the decision by more financial
institutions to send more unsalvageable residential mortgages through their
foreclosure pipelines in a castor-oil attempt to reduce their exposure and
losses.
Setting aside provisions for loan losses directly affect banks' financial bottom
lines.
Triad reported Nov. 14 a $33.3 million loss in the third quarter, compared! with
a $31.3 million loss in the second quarter and a $37.5 million loss a year ago.
Its deficit in assets was at $802.8 million on Sept. 30 compared with $771.4
million on June 30.
David Wood, a professor of risk management and insurance at Appalachian State
University, said there is no mortgage insurance state-guaranty fund like there
is with property/casualty insurance.
"It will be up to the provisions of the loan agreement whether homeowners are
required to maintain/purchase new mortgage insurance," Wood said. "That often
depends on the percentage of the loan value to the value of the home, with more
than 80 percent typically requiring mortgage insurance."
rcraver@wsjournal.com
(3360 727-7376
___ (c)2012 Winston-Salem Journal (Winston Salem, N.C.) Visit Winston-Salem
Journal (Winston Salem, N.C.) at www2.journalnow.com Distributed by MCT
Information Services
Richard Craver
Copyright (C) 2012, Winston-Salem Journal, N.C.
-0-
SUBJECT CODE: WN
News for 'TGIC' - (Triad Guaranty Inc. Announces Filing of Administrative Order and Complaint for Rehabilitation for Triad Guaranty Insurance Corporation)
WINSTON-SALEM, N.C., Dec. 11, 2012 /PRNewswire via COMTEX/ -- Triad Guaranty
Inc. (OTCBB: TGIC) today announced that the Illinois Department o! f Insurance
(the "Department") has issued an Administrative Order recommending that Triad
Guaranty Insurance Corporation ("Triad") be placed in rehabilitation.
Additionally, the Department is expected to file today a Complaint for
Rehabilitation with the Circuit Court of Cook County, Illinois seeking an Order
of Rehabilitation. The Board of Directors of Triad has consented to the Order of
Rehabilitation and it is expected to be entered by the Court in the near future.
Upon entry of the Order of Rehabilitation by the Court, the Director of the
Illinois Department of Insurance will be vested with possession and control over
all of the assets and liabilities of Triad and Triad Guaranty Inc. will cease to
have any oversight or management authority over Triad or its business and
affairs.
In a related matter, on December 10, 2012, the Department approved reimbursement
by Triad of expenses totaling $734,000 incurred by Triad Guaranty I! nc. on behalf
of Triad. As a result of the Order of Rehabilitation, Triad Guaranty Inc. does
not expect to receive any further reimbursement of expenses or other funds from
Triad.
As discussed in Triad Guaranty Inc.'s Quarterly Report on Form 10-Q filed on
November 14, 2012, this action by the Department to place Triad in
rehabilitation will negatively impact Triad Guaranty Inc.'s ability to fund its
operations in the future. Triad Guaranty Inc. expects that this action will
likely lead it to commence winding up its business and liquidating through a
Chapter 11 bankruptcy proceeding or other liquidation proceedings, although the
timing of the institution of such a proceeding has not been determined.
For more information, please visit the Company's web site at
www.triadguaranty.com.
Certain of the statements contained in this release are "forward-looking
statements" and are made pursuant to the safe harbor provisions of th! e Private
Securities Litigation Reform Act of 1995. These statements include estimates and
assumptions related to economic, competitive, regulatory, operational and
legislative developments. These forward-looking statements are subject to
change, uncertainty and circumstances that are, in many instances, beyond our
control and they have been made based upon our current expectations and beliefs
concerning future developments and their potential effect on us. Actual
developments and their results could differ materially from those expected by
us, depending on the outcome of a number of factors, including: our ability to
continue as a going concern and various other factors described under "Risk
Factors" and in the "Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995" in our Annual Report on Form 10-K for the year
ended December 31, 2011 and in other reports and statements filed with the
Securities and Exchange! Commission. Forward-looking statements are based upon
our current expectations and beliefs concerning future events and we undertake
no obligation to update or revise any forward-looking statements to reflect the
impact of circumstances or events that arise after the date the forward-looking
statements are made, except as otherwise required by law.
SOURCE Triad Guaranty Inc.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: North Carolina
INDUSTRY KEYWORD: INS
FIN
OTC
News for 'TGIC' - (Triad Guaranty Inc. Releases Third Quarter Results)
WINSTON-SALEM, N.C., Nov. 14, 2012 /PRNewswire via COMTEX/ -- Triad Guaranty
Inc. (OTCBB: TGIC) filed its Quarterly Report on Form 10-Q with the Securities
and Exchange Commission ("SEC") today for the 2012 third quarter whi! ch includes
the results of operations for the three months and nine months ended September
30, 2012. The Quarterly Report on Form 10-Q can be found on the Company's
website www.triadguaranty.com under "Investor Relations" and then under "SEC
Filings". The Quarterly Report on Form 10-Q can also be found on the SEC's
website www.sec.gov.
We have also updated the quarterly statistical and supplemental information for
the 2012 third quarter results The supplemental information can be found on our
web site under "Investor Relations" and then under "Webcasts and Presentations"
by the title "Supplemental Information - Third Quarter 2012".
Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, is a nationwide mortgage insurer pursuing a run-off of its existing
in-force book of business under the supervision of the Illinois Department of
Insurance. For more information on Triad Guaranty Inc., please visit th! e
Company's web site at http://www.triadguaranty.com.
SOURCE Triad Guaranty Inc.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: North Carolina
INDUSTRY KEYWORD: FIN
INS
SUBJECT CODE: ERN
CCA
News for 'PCFG' - (Pacific Gold Corp. Corporate Update)
TORONTO, ONTARIO, Nov 9, 2012 (Marketwire via COMTEX) -- Pacific Gold Corp.
(OTCQB:PCFG)(PINKSHEETS:PCFG).
Pacific Gold announced today the following update on the status of the Company
and each of its four subsidiaries.
Neva! da Rae Gold
During the 3rd quarter of 2012 the Black Rock Canyon Mine mined and processed
16,300 cubic yards of gravel and produced 63 ounces of gold during 167 operating
plant hours. The Company's goals for the 3rd quarter were 75,000 cubic yards of
gravels processed.
The plant and equipment are in good repair and are able to process the required
volume of gravels. The Mine has had numerous difficulties with obtaining staff
that are capable of running the plant and mining gravels at productive rates.
Some of the most identifiable problems are that mine employees have had trouble
with maintaining proper spare parts inventory lists to keep equipment uptime,
daily workflow monitoring by site management, and proper daily maintenance and
removal of the geotextile bags. In order to resolve the staffing issues initial
internal discussions have focused on reducing the amount of labor required at
the Mine by using more automation. This ! would include reducing the number of
geotextile bags, changing the current pond system to concrete ponds and adding a
new dewatering screen. The Company plans to begin a more focused search to
identify a suitable candidate to take over the daily management of the Mine.
As such the Company has temporarily ceased mining and screening operations at
the site in order to properly evaluate how to proceed with making the screening
operation run at a steady rate of production. The Company estimates that this
process will take up to 120 days. NDEP has advised the Company that approval of
any changes to the operation will take approximately 60 days from when the
Company submits its design changes.
Fernley Gold
The Company is reviewing its initial Plan of Operations that was filed with the
BLM and NDEP and plans to hire a new engineering firm to file an amended plan in
2013. Upon approval of the amended Plan by the BLM and NDEP, the Co! mpany will
file for its additional necessary permits and reclamation bond in order to
commence mining at the Olinghouse Placers. BLM and NDEP approval may take until
2014 to complete.
Pilot Mountain Resources
The Company is very pleased with progress to date made at Project W by Pilot
Metals (a subsidiary of Black Fire Minerals). Since the time Project W was
optioned to Pilot Metals significant improvements to the resource calculation
have been made and Pilot Metals has advanced the project to meet with the
expectations of management. Should Pilot Metals elect to exercise their purchase
option they will be required to advance $500,000 to Pilot Mountain Resources in
September 2013, along with two additional payments of $500,000 each in 2014 and
2015.
Pacific Metals
The Company paid its dividend of 1 share of Pacific Metals for each 420 shares
of Pacific Gold Corp. on November 2nd, 2012.
Pacific Metals is work! ing towards having a form 211 filed with the FINRA so that
trading in Pacific Metals shares may soon begin. Once the market quote is
established for the Company it will begin working to raise $500,000 in capital
for its 2013 budget. The Company has a work plan for 2013 from its Geologist
consultants for an estimated $300,000 of work to be performed in 2013 which
includes preparing new maps, resource survey's and new drill holes on the
Graysill claims.
Pacific Gold Corp.
The Company is holding its annual general meeting on November 13th in Las Vegas
and hopes to approve a number of measures for financially restructuring the
share capital of the Company. Following the meeting, the Company will actively
look to raise $2 million in new debt and/or equity in order to complete its
business plans in 2013 as outlined above. Without raising the necessary funding
the Company may have to curtail some of its plans in 2013.
Annual Mee! ting
The Company would like to remind its shareholders that there will be no video or
audio recording of the annual meeting permitted. As well any shareholders
planning on attending the meeting should bring a valid photo identification as
well as proof of share ownership.
To find out more about Pacific Gold Corp. (OTCQB:PCFG), visit the Company's
website at www.pacificgoldcorp.com.
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development
of production-ready and in-production mining operations. The company is focused
on alluvial gold and base metals operations located in western North America.
Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc.,
which owns and operates the Black Rock Canyon gold mine, located in
north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a
large tungsten based deposit in Nevada; Fernley Gold, Inc., which has! acquired
exclusive lease rights to mine the Lower Olinghouse Placers in north-western
Nevada; and Pacific Metals Corp., which owns claims in San Juan and Delores
Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold
Corp.'s current expectations about its future results, performance, prospects
and opportunities. Pacific Gold Corp. has tried to identify these
forward-looking statements by using words and phrases such as "may", "will",
"expects", "anticipates", "believes", "intends", "estimates", "should",
"typical", "we are confident" or similar expressions. These forward-looking
statements are based on information currently available to Pacific Gold Corp.
and are subject to a number of risks, uncertainties and other factors that could
cause the Company's actual results, performance, prospects of opportunities in
the remainder of 2012 and beyond, t! o differ materially from those expressed in,
or implied by, these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT: Pacific Gold Corp. 416-214-1483
www.pacificgoldcorp.com
SOURCE: Pacific Gold Corp.
Copyright (C) 2012 Marketwire. All rights reserved.
-0-
INDUSTRY KEYWORD: Manufacturing and Production\Mining and Metals
SUBJECT CODE: MINING EXPLORATION UPDATE
Yes, I this news come over the wire.
News for 'INIX' - (iFinix Corp. Updates Plan of Action)
WHITE PLAINS, NY, Oct 23, 2012 (MARKETWIRE via COMTEX) -- iFinix Corp.
(PINKSHEETS: INIX), a consulting and management holdings company consisting of
several subsidiaries, recently embarked on a twelve-month plan of action. The
business! plan includes the following initiatives:
1. To seek out viable acquisition candidates. 2. To revitalize the company's
software division. 3. To uplist iFinix common shares to a more senior exchange.
The Company has made important progress towards achieving these goals.
iFinix is completing its due diligence to acquire an interest in a company that
management believes will provide significant revenues for iFinix in the near
future.
iFinix recently updated its financials in order to become current on
otcmarkets.com. This also represents an important step in moving forward towards
an uplisting of the iFinix common stock.
iFinix software is currently in negotiations to acquire a company with a
ready-for-market product that should help in generating revenues for the
software division.
Mr. Munroe stated, "iFinix is now getting back on track. Having had the benefit
of my previous experience I believe I am aware of what t! o do and what not to do
and I am confident that we have the ability to drive iFinix to the next level."
About iFinix Corp. iFinix Corporation is a consulting and management holdings
company that consists of several subsidiaries. Our people combine expertise in
systems integration, outsourcing, infrastructure, server technology and
consulting with precision thinking and relentless execution to help clients.
iFinix is developing a product line that delivers financial and business
information with streaming, real-time market data, news and analytics to
professionals and active individual investors. The company's suite of products
includes iFinix RealTime, iFinix Trader and eFinix. www.ifinix.com
www.buildmasters.us.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the
meaning of section 27A of the Securities Act of 1933 and section 21E of the
Secur! ities Exchange Act of 1934 and is subject to the Safe Harbor created by
those sections. This material contains statements about expected future events
and/or financial results that are forward-looking in nature and subject to risks
and uncertainties. Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results, performance
or achievements of iFinix Corporation to be materially different from the
statements made herein.
SOURCE: iFinix Corporation
Copyright 2012 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Software
I have not been following, but will take a look.
No currently, but made some nice gains in the past.
News for 'SHOM' - (Southern Home Medical Announces a Reduction in Outstanding Preferred and Common Shares)
LYMAN, S.C., Oct. 19, 2012 /PRNewswire via COMTEX/ -- Southern Home Medical,
Inc. (OTCPK: SHOM), a holding Company providing healthcare services, staffing
and equipment to medical institu! tions, announced today that it has reduced its
issued and outstanding Preferred C share total by retiring 6,000,000 shares
leaving a total issued of 10,131,250. The company is also pleased to announce
that during the month of August it retired 9,250,000 shares of common stock
leaving total of 234,510,122 issued and outstanding.
Southern Home Medical is dedicated to its shareholders to take a position of
strength and unwillingness to compromise with entities that have not fulfilled
the services promised to the Company. These actions taken by the Company
reinforces its commitment to rein in unnecessary dilution thus strengthening the
shareholder value of its stockholders.
"We are pleased with our progress into the last half of 2012. Opportunities to
grow this Company continue to come our way and we are optimistic they will come
to fruition soon," said President and CEO of Southern Home Medical, Jeff Sarvis.
About Southern Home! Medical, Inc.
Southern Home Medical, Inc. is a Holding Company with a focus on servicing the
needs of the U.S. healthcare Industry. The Company has quality health care
professionals to address national shortages in hospitals, rehab centers, nursing
homes, and other medical facilities. Personnel are available 24/7/365 and
include: RN's, LPN's, CNA's, RT's, billing specialist, customer service
specialist, delivery techs, and marketing reps. The has contractual agreements
with partner businesses in Columbia, Florence, Charleston, Greenville and Lake
Hartwell, of South Carolina; Nashville, Tennessee; Baltimore, Maryland; Atlanta,
Georgia; and Philadelphia, Pennsylvania. Southern Home Medical is leveraging the
success of the businesses to expand sales opportunities in these areas of
health, medical, staffing and medical equipment needs. For more information,
visit: www.southernhomemedical.com www.encoremedicalstaffing.com www.apnearx.net
Forward-Looking Statement
The statements in the press release that relate to the Company's expectations
with regard to the future impact on the Company's results from acquisitions or
actions in development are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. When used in this press release, the words "anticipate,"
"believe," "estimate," "may," "intend," "expect" and similar expressions
identify such forward-looking statements. Forward-looking statements are subject
to risks, uncertainties, and other factors that could cause actual results to
differ materially from those contained in such statements. Such risks,
uncertainties, and factors include, but are not limited to, future capit! al
needs, changes, and delays in product development plans and schedules, or market
acceptance.
Contact:Brittany Toole800-915-0554
SOURCE Southern Home Medical, Inc.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: South Carolina
INDUSTRY KEYWORD: HEA
OTC
MEQ
MTC
hi lizzy,
hope your doing well!
Good question, it's been very silent with TGIC.
hey, lets watch Elayaway (ELAY) 0.0044
What's with the bid / ask spread?
no volume, no interest here.
wow, good one liz!
News for 'INIX' - (iFinix Corp. Financial Update)
WHITE PLAINS, NY, Sep 27, 2012 (MARKETWIRE via COMTEX) -- iFinix Corp
(PINKSHEETS: INIX), a consulting and management holdings company consisting of
several subsidiaries, today announced its financial results for the year ending
December 31st! , 2011, March 31, 2012 and June 30, 2012.
iFinix Corp. reported revenues of $417,669 and a loss of $283,723 for the year
ending December 31, 2011. This represents a decrease in revenues of $88,191 and
a decrease in losses of $165,403 compared to the same period last year.
iFinix Corp. reported revenues of $46,100 and a loss of $28,854 for the quarter
ending March 31, 2012. This represents a decrease in revenues of $115,327 and an
increase in losses of $3,093 compared to the same period last year.
iFinix Corp. reported revenues of $3,370 and a loss of $45,161 for the quarter
ending June 30, 2012. This represents a decrease in revenues of $160,363 and an
increase in losses of $23,872 compared to the same period last year.
Financials can be viewed at www.otcmarkets.com.
CEO Benhope Munroe stated, "We are looking forward to bringing new streams of
revenue into the company in the near future. We have been able to put togethe! r a
strategic management plan that we believe will solidify the company's position
and serve as a foundation for future accomplishments as mentioned in our
previously stated goals."
About iFinix Corp. iFinix Corporation is a consulting and management holdings
company that consists of several subsidiaries. iFinix is developing a product
line that delivers financial and business information with streaming, real-time
market data, news and analytics to professionals and active individual
investors. The company's suite of products includes iFinix RealTime, iFinix
Trader and eFinix. www.ifinix.com www.buildmasters.us.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the
meaning of section 27A of the Securities Act of 1933 and section 21E of the
Securities Exchange Act of 1934 and is subject to the Safe Harbor created by
those sections. This material c! ontains statements about expected future events
and/or financial results that are forward-looking in nature and subject to risks
and uncertainties. Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results, performance
or achievements of iFinix Corporation to be materially different from the
statements made herein.
SOURCE: iFinix Corporation
Copyright 2012 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Software
News for 'INIX' - (iFinix Corp. Initiates Plan)
WHITE PLAINS, NY, Sep 25, 2012 (MARKETWIRE via COMTEX) -- iFinix Corp.
(PINKSHEETS: INIX), a consulting and management holdings company consisting of
several subsidiaries, recently embarked on a twelve-month plan of action. The
business plan in! cludes the following initiatives; 1. To uplist the company to a
more senior exchange, and 2. To target viable acquisition candidates and to
revitalize the company's software division.
The first step taken by the company was to elect Benhope Munroe to fill the
position of President and CEO. Mr. Munroe will be filling the positions formerly
held by Douglas Spadaro, who stepped down due to personal reasons. Mr. Spadaro
will remain as chairman of iFinix.
Secondly, iFinix recently completed a Reverse Stock Split. The company believes
that this will help in meeting requirements of per-share price and net tangible
assets in order to qualify for trading on other exchanges to make the uplisting
of iFinix common stock possible. The company will be filing its financial
statements shortly and anticipates DTC eligibility in the near future.
The company is currently in negotiations with several acquisition candidates and
is hopeful of suc! cessfully completing one or more acquisitions before year end.
iFinix Software division has continued to work on various projects and expects
to be a major factor in the growth of the company.
In regards to the aforementioned, Mr. Munroe stated, "I am looking forward to
getting iFinix back on track. Having had the benefit of my previous experience I
believe I know what to do and what not to do in order to execute the company's
business plan."
About iFinix Corp.
iFinix Corporation is a consulting and management holdings company that consists
of several subsidiaries. Our people combine expertise in systems integration,
outsourcing, infrastructure, server technology and consulting with precision
thinking and relentless execution to help clients. iFinix is developing a
product line that delivers financial and business information with streaming,
real-time market data, news and analytics to professionals and active individual!
investors. The company's suite of products includes iFinix RealTime, iFinix
Trader and eFinix. www.ifinix.com www.buildmasters.us.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the
meaning of section 27A of the Securities Act of 1933 and section 21E of the
Securities Exchange Act of 1934 and is subject to the Safe Harbor created by
those sections. This material contains statements about expected future events
and/or financial results that are forward-looking in nature and subject to risks
and uncertainties. Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results, performance
or achievements of iFinix Corporation to be materially different from the
statements made herein.
SOURCE: iFinix Corporation
Copyright 2012 Marketwire, Inc., All right! s reserved.
-0-
SUBJECT CODE: Computers and Software:Software
Financial Services:Commercial and Investment Banking
Professional Services:Investor Relations
Financial Services:Venture Capital
Professional Services:Consulting
Financial Services:Investment Services and Trading
News for 'RCKE' - (Rock Energy Resources Announces Conference Call To Discuss Second Quarter Results; And Significant Developments At Red Arrow Mine)
HOUSTON, Aug. 15, 2012 /PRNewswire via COMTEX/ -- Rock Energy Resources, Inc.
(OTCQB: RCKE) announced today that the company will be hosting a conf! erence call
at 3:15 Central Daylight Time on Thursday, August 16, 2012 for shareholders and
other interested parties to discuss second quarter results; and several
significant new developments at the Company's Red Arrow Mine. The Company
recently completed an initial shallow coring program and is preparing to
initiate refining operations of its substantial quantities of gold concentrates
and other minerals, including Platinum, Silver and Palladium. Management will
discuss in depth these and other positive developments, many of which are
outlined in its second quarter Form 10Q filed with the SEC this morning.
Investors wishing to participate on the call may access Toll Free Number:
1.800.434.1335 Direct Dial Number: 1.404.920.6442 Conference Code: 177342#
Dialin Playback Instructions: Toll Free: 1.800.977.8002 Direct Dial Number:
1.404.920.6650 Conference Code: * then 177342
Contact:
Rocky V Emery Chairman & CEORock E! nergy Resources, Inc.Managing Member American
Patriot Gold10350 Ric hmond AvenueSuite 800Houston, Texas
77042www.americanpatriotgold.comRemery@americanpatriotgold.comO: 713-400-3013C:
832-691-7991
SOURCE Rock Energy Resources, Inc.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: Texas
INDUSTRY KEYWORD: MNG
OTC
MIN
PRM
SUBJECT CODE: CCA
News for 'LGBS' - (Legends Reveals Zombie Chargers as the Name for Its New Product Line Legends Business Group, Inc. -- Declares Competition for New Logo Design)
MIAMI, Aug 15, 2012 (GlobeNewswire via COMTEX) -- Legends Business Group
(LGBS:PK), the company who is bringing out the Multi-Function ! Charger
Controller, today announced the unveiling of its product line name, product line
domain, and final design of the MFCC. In addition to this launch, Legend's is
proud to declare a competition for creating a logo for its new product line.
During tests and reviewing other work of the inventor (pending product
acquisition), it was noted that some of the chargers and future products have
the potential to bring almost dead batteries back to life. With this in mind,
Legends has chosen the name Zombie Chargers for its new product line. The MFCC
is the first product of a line of chargers and restorers. The MFCC's final
design added a compact and modern green aluminum case, high-density wiring, and
an easy to use interface. Legends also has taken control of the domain
www.Zombiechargers.com. This domain will be used as the exclusive homepage for
the MFCC and any other related products in the Zombie Charger line.
"As the company's ! first product release, we wanted to celebrate by letting our
stockh olders and the general public come up with the logo for our new product
line, Zombie Chargers," said Rudy Sablon, LGBS's President and CEO. You can help
in this logo design by visiting: http://www.Zombiechargers.com/. The winner of
the logo design competition will receive one of the first MFCCs manufactured in
production.
One of Legends' new undertakings is overall transparency to its shareholders;
visit our website under current projects to see final images of the MFCC and the
products manual. Visit: http://www.legendspower.com/current_projects.php
About Legends Business Group
Legends Business Group, Inc. was incorporated in March 2006, and is a publicly
traded company. The company has recently refocused its purpose and has moved
itself into the alternative and exotic energy marketplace. For more information
please visit: http://www.legendspower.com
Safe Harbor Statement
This report includes forward-looking state! ments covered by the Private
Securities Litigation Reform Act of 1995. Because such statements deal with
future events, they are subject to various risks and uncertainties and actual
results for the fiscal year and beyond could differ materially from the
Company's current expectations. Forward-looking statements are identified by
words such as "anticipates," "projects," "expects," "plans," "intends,"
"believes," "estimates," "targets," and other similar expressions that indicate
trends and future events. Factors that could cause the Company's results to
differ materially from those expressed in forward-looking statements include,
without limitation, variation in demand and acceptance of the Company's products
and services, the frequency, magnitude and timing of paper and other
raw-material-price changes, general business and economic conditions beyond the
Company's control, timing of the completion and integration of acquisitions, the
! consequences of competitive factors in the marketplace, cost-containme nt
strategies, and the Company's success in attracting and retaining key personnel.
Additional information concerning factors that could cause actual results to
differ materially from those projected is contained in the Company's filings.
The Company undertakes no obligation to revise or update forward-looking
statements as a result of new information since these statements may no longer
be accurate or timely.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Legends Business Group, Inc.
By Staff
CONTACT: CONTACT: Investor / Public Relations:
Rodolfo Sablon
Phone: 305-767-7993
&nb! sp; Email: info@legendspower.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: TELECOMMUNICATIONS
Product Services Announcement
lets watch EWSI .025