Medical Stock News: PositiveID Corporation (OTCBB:PSID) Obtains Certification from AT&T for iglucose Mobile Health System for Individuals with Diabetes
DELRAY BEACH, FL - January 30, 2012 (Investorideas.com Newswire) Medical Stock Alert; PositiveID Corporation (OTCBB: PSID), a developer of medical technologies for diabetes management, announced today it has obtained certification from AT&T for PositiveID's iglucose™ mobile health system, designed to simplify diabetes management for the millions of individuals impacted by this growing disease. This certification gives PositiveID's FDA-cleared iglucose system access to the AT&T network, which has the largest global presence of any U.S.-based wireless provider.
iglucose is the first and only pocket sized, FDA cleared, mobile health device specifically designed to connect to industry leading glucometers to transmit blood glucose readings anytime, anywhere. By seamlessly communicating glucose readings from a glucometer to the iglucose diabetes management portal, this important data can be shared with family members, caregivers and healthcare professionals via text message, email or fax, or through the iglucose diabetes management portal itself. iglucose makes it easier for individuals with diabetes to manage their disease and provides healthcare professionals with better data that can be used to improve clinical insight and treatment decisions.
Laboratory testing for the iglucose device was conducted in AT&T's wireless device testing laboratory. During certification, AT&T subjects each device to a series of rigorous tests to ensure the operational reliability of each unit as well as its ability to function flawlessly across the entire AT&T wireless network. iglucose is specifically designed for mobile monitoring, which helped to ensure optimum performance of the device during testing.
While medical devices for home monitoring have existed for many years, the devices are typically large, expensive and not targeted solely for the diabetes population. iglucose was designed with the end user in mind; the iglucose device fits easily into the pouch individuals with diabetes typically carry containing their blood glucose meter and test strips. Furthermore, because iglucose does not require a phone line or internet connection, its portability and compact size mean it can be used anywhere, anytime.
The iglucose system is compatible with market-leading glucometers such as Johnson & Johnson LifeScan®, Nipro Diagnostic™ True™, Abbott Freestyle®, and Bayer Breeze® and Contour® meters.
PositiveID Chairman and CEO William J. Caragol, said, "AT&T certification, which is not easily achieved, is an important confirmation of the performance and dependability of iglucose . As we continue to prepare to roll-out this mobile health system early this year through pilot programs with insurers and home-healthcare providers, AT&T certification provides us significant validation upon which our customers and partners can rely."
More than 25 million children and adults in the U.S. have diabetes, or over eight percent of the population, according to the 2011 National Diabetes Fact Sheet . The CDC predicts that nearly 30 percent of children born after the year 2000 will develop diabetes. The lifetime risk of developing diabetes for those born in the year 2000 is 35 percent. The total cost of diagnosed diabetes in the U.S. is estimated at $200 billion.
About PositiveID Corporation
PositiveID Corporation develops unique medical devices and molecular diagnostic systems, focused primarily on diabetes management, rapid medical testing and airborne bio-threat detection. Its wholly-owned subsidiary, MFS, is focused on the development of microfluidic systems for automated preparation of and performance of biological assays. For more information on PositiveID, please visit http://www.PositiveIDCorp.com .
For more information on iglucose, please visit http://www.iglucose.com . For sales and partnership opportunities, please contact Mary Ellen Harrison at 561-805-8028 or meharrison@positiveidcorp.com.
Statements about PositiveID's future expectations, including the likelihood that AT&T certification gives PositiveID's FDA-cleared iglucose system access to the AT&T network, which has the largest global presence of any U.S.-based wireless provider; the likelihood that iglucose makes it easier for individuals with diabetes to manage their disease and provides healthcare professionals with better data that can be used to improve clinical insight and treatment decisions; the likelihood that because iglucose does not require a phone line or internet connection, its portability and compact size mean it can be used anywhere, anytime; the likelihood the iglucose system is compatible with market-leading glucometers such as Johnson & Johnson LifeScan, Nipro Diagnostic True, Abbott Freestyle, and Bayer Breeze and Contour meters; the likelihood that AT&T certification, which is not easily achieved, is an important confirmation of the performance and dependability of iglucose; the likelihood that as PositiveID continues to prepare to roll-out this mobile health system early this year through pilot programs with insurers and home-healthcare providers, AT&T certification provides PositiveID significant validation upon which its customers and partners can rely; the likelihood that nearly 30 percent of children born after the year 2000 will develop diabetes; the likelihood that the lifetime risk of developing diabetes for those born in the year 2000 is 35 percent; and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and PositiveID's actual results could differ materially from expected results. These risks and uncertainties include PositiveID's ability to successfully commercialize iglucose, as well as certain other risks. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 10-K filed on March 25, 2011, and 10-Qs filed on May 13, 2011, August 15, 2011, and November 14, 2011, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
Allison Tomek
561-805-8000
atomek@positiveidcorp.com
Published at the Investorideas.com Newswire and syndicated blogs
Disclaimer/ Disclosure: Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. PositiveID Corporation ( OTCBB:PSID ) featured biotech company on Investorideas.com for 3 months effective January 30,2012 . Compensation: two hundred fifty thousand 144 shares for news release publication, syndication on blogs and related sites and email distribution and company profile . More info: www.InvestorIdeas.com/About/Disclaimer.asp and disclosures: http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Monday, January 30, 2012
Biotech Medical Stock News: PositiveID Corporation (OTCBB:PSID) Obtains Certification from AT&T for iglucose Mobile Health System for Individuals with Diabetes
DELRAY BEACH, FL - January 30, 2012 (Investorideas.com Newswire) Medical Stock Alert; PositiveID Corporation (OTCBB: PSID), a developer of medical technologies for diabetes management, announced today it has obtained certification from AT&T for PositiveID's iglucose™ mobile health system, designed to simplify diabetes management for the millions of individuals impacted by this growing disease. This certification gives PositiveID's FDA-cleared iglucose system access to the AT&T network, which has the largest global presence of any U.S.-based wireless provider.
iglucose is the first and only pocket sized, FDA cleared, mobile health device specifically designed to connect to industry leading glucometers to transmit blood glucose readings anytime, anywhere. By seamlessly communicating glucose readings from a glucometer to the iglucose diabetes management portal, this important data can be shared with family members, caregivers and healthcare professionals via text message, email or fax, or through the iglucose diabetes management portal itself. iglucose makes it easier for individuals with diabetes to manage their disease and provides healthcare professionals with better data that can be used to improve clinical insight and treatment decisions.
Laboratory testing for the iglucose device was conducted in AT&T's wireless device testing laboratory. During certification, AT&T subjects each device to a series of rigorous tests to ensure the operational reliability of each unit as well as its ability to function flawlessly across the entire AT&T wireless network. iglucose is specifically designed for mobile monitoring, which helped to ensure optimum performance of the device during testing.
While medical devices for home monitoring have existed for many years, the devices are typically large, expensive and not targeted solely for the diabetes population. iglucose was designed with the end user in mind; the iglucose device fits easily into the pouch individuals with diabetes typically carry containing their blood glucose meter and test strips. Furthermore, because iglucose does not require a phone line or internet connection, its portability and compact size mean it can be used anywhere, anytime.
The iglucose system is compatible with market-leading glucometers such as Johnson & Johnson LifeScan®, Nipro Diagnostic™ True™, Abbott Freestyle®, and Bayer Breeze® and Contour® meters.
PositiveID Chairman and CEO William J. Caragol, said, "AT&T certification, which is not easily achieved, is an important confirmation of the performance and dependability of iglucose . As we continue to prepare to roll-out this mobile health system early this year through pilot programs with insurers and home-healthcare providers, AT&T certification provides us significant validation upon which our customers and partners can rely."
More than 25 million children and adults in the U.S. have diabetes, or over eight percent of the population, according to the 2011 National Diabetes Fact Sheet . The CDC predicts that nearly 30 percent of children born after the year 2000 will develop diabetes. The lifetime risk of developing diabetes for those born in the year 2000 is 35 percent. The total cost of diagnosed diabetes in the U.S. is estimated at $200 billion.
About PositiveID Corporation
PositiveID Corporation develops unique medical devices and molecular diagnostic systems, focused primarily on diabetes management, rapid medical testing and airborne bio-threat detection. Its wholly-owned subsidiary, MFS, is focused on the development of microfluidic systems for automated preparation of and performance of biological assays. For more information on PositiveID, please visit http://www.PositiveIDCorp.com .
For more information on iglucose, please visit http://www.iglucose.com . For sales and partnership opportunities, please contact Mary Ellen Harrison at 561-805-8028 or meharrison@positiveidcorp.com.
Statements about PositiveID's future expectations, including the likelihood that AT&T certification gives PositiveID's FDA-cleared iglucose system access to the AT&T network, which has the largest global presence of any U.S.-based wireless provider; the likelihood that iglucose makes it easier for individuals with diabetes to manage their disease and provides healthcare professionals with better data that can be used to improve clinical insight and treatment decisions; the likelihood that because iglucose does not require a phone line or internet connection, its portability and compact size mean it can be used anywhere, anytime; the likelihood the iglucose system is compatible with market-leading glucometers such as Johnson & Johnson LifeScan, Nipro Diagnostic True, Abbott Freestyle, and Bayer Breeze and Contour meters; the likelihood that AT&T certification, which is not easily achieved, is an important confirmation of the performance and dependability of iglucose; the likelihood that as PositiveID continues to prepare to roll-out this mobile health system early this year through pilot programs with insurers and home-healthcare providers, AT&T certification provides PositiveID significant validation upon which its customers and partners can rely; the likelihood that nearly 30 percent of children born after the year 2000 will develop diabetes; the likelihood that the lifetime risk of developing diabetes for those born in the year 2000 is 35 percent; and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and PositiveID's actual results could differ materially from expected results. These risks and uncertainties include PositiveID's ability to successfully commercialize iglucose, as well as certain other risks. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 10-K filed on March 25, 2011, and 10-Qs filed on May 13, 2011, August 15, 2011, and November 14, 2011, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
Allison Tomek
561-805-8000
atomek@positiveidcorp.com
Published at the Investorideas.com Newswire and syndicated blogs
Disclaimer/ Disclosure: Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. PositiveID Corporation ( OTCBB:PSID ) featured biotech company on Investorideas.com for 3 months effective January 30,2012 . Compensation: two hundred fifty thousand 144 shares for news release publication, syndication on blogs and related sites and email distribution and company profile . More info: www.InvestorIdeas.com/About/Disclaimer.asp and disclosures: http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
DELRAY BEACH, FL - January 30, 2012 (Investorideas.com Newswire) Medical Stock Alert; PositiveID Corporation (OTCBB: PSID), a developer of medical technologies for diabetes management, announced today it has obtained certification from AT&T for PositiveID's iglucose™ mobile health system, designed to simplify diabetes management for the millions of individuals impacted by this growing disease. This certification gives PositiveID's FDA-cleared iglucose system access to the AT&T network, which has the largest global presence of any U.S.-based wireless provider.
iglucose is the first and only pocket sized, FDA cleared, mobile health device specifically designed to connect to industry leading glucometers to transmit blood glucose readings anytime, anywhere. By seamlessly communicating glucose readings from a glucometer to the iglucose diabetes management portal, this important data can be shared with family members, caregivers and healthcare professionals via text message, email or fax, or through the iglucose diabetes management portal itself. iglucose makes it easier for individuals with diabetes to manage their disease and provides healthcare professionals with better data that can be used to improve clinical insight and treatment decisions.
Laboratory testing for the iglucose device was conducted in AT&T's wireless device testing laboratory. During certification, AT&T subjects each device to a series of rigorous tests to ensure the operational reliability of each unit as well as its ability to function flawlessly across the entire AT&T wireless network. iglucose is specifically designed for mobile monitoring, which helped to ensure optimum performance of the device during testing.
While medical devices for home monitoring have existed for many years, the devices are typically large, expensive and not targeted solely for the diabetes population. iglucose was designed with the end user in mind; the iglucose device fits easily into the pouch individuals with diabetes typically carry containing their blood glucose meter and test strips. Furthermore, because iglucose does not require a phone line or internet connection, its portability and compact size mean it can be used anywhere, anytime.
The iglucose system is compatible with market-leading glucometers such as Johnson & Johnson LifeScan®, Nipro Diagnostic™ True™, Abbott Freestyle®, and Bayer Breeze® and Contour® meters.
PositiveID Chairman and CEO William J. Caragol, said, "AT&T certification, which is not easily achieved, is an important confirmation of the performance and dependability of iglucose . As we continue to prepare to roll-out this mobile health system early this year through pilot programs with insurers and home-healthcare providers, AT&T certification provides us significant validation upon which our customers and partners can rely."
More than 25 million children and adults in the U.S. have diabetes, or over eight percent of the population, according to the 2011 National Diabetes Fact Sheet . The CDC predicts that nearly 30 percent of children born after the year 2000 will develop diabetes. The lifetime risk of developing diabetes for those born in the year 2000 is 35 percent. The total cost of diagnosed diabetes in the U.S. is estimated at $200 billion.
About PositiveID Corporation
PositiveID Corporation develops unique medical devices and molecular diagnostic systems, focused primarily on diabetes management, rapid medical testing and airborne bio-threat detection. Its wholly-owned subsidiary, MFS, is focused on the development of microfluidic systems for automated preparation of and performance of biological assays. For more information on PositiveID, please visit http://www.PositiveIDCorp.com .
For more information on iglucose, please visit http://www.iglucose.com . For sales and partnership opportunities, please contact Mary Ellen Harrison at 561-805-8028 or meharrison@positiveidcorp.com.
Statements about PositiveID's future expectations, including the likelihood that AT&T certification gives PositiveID's FDA-cleared iglucose system access to the AT&T network, which has the largest global presence of any U.S.-based wireless provider; the likelihood that iglucose makes it easier for individuals with diabetes to manage their disease and provides healthcare professionals with better data that can be used to improve clinical insight and treatment decisions; the likelihood that because iglucose does not require a phone line or internet connection, its portability and compact size mean it can be used anywhere, anytime; the likelihood the iglucose system is compatible with market-leading glucometers such as Johnson & Johnson LifeScan, Nipro Diagnostic True, Abbott Freestyle, and Bayer Breeze and Contour meters; the likelihood that AT&T certification, which is not easily achieved, is an important confirmation of the performance and dependability of iglucose; the likelihood that as PositiveID continues to prepare to roll-out this mobile health system early this year through pilot programs with insurers and home-healthcare providers, AT&T certification provides PositiveID significant validation upon which its customers and partners can rely; the likelihood that nearly 30 percent of children born after the year 2000 will develop diabetes; the likelihood that the lifetime risk of developing diabetes for those born in the year 2000 is 35 percent; and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and PositiveID's actual results could differ materially from expected results. These risks and uncertainties include PositiveID's ability to successfully commercialize iglucose, as well as certain other risks. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 10-K filed on March 25, 2011, and 10-Qs filed on May 13, 2011, August 15, 2011, and November 14, 2011, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
Contact:
Allison Tomek
561-805-8000
atomek@positiveidcorp.com
Published at the Investorideas.com Newswire and syndicated blogs
Disclaimer/ Disclosure: Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. PositiveID Corporation ( OTCBB:PSID ) featured biotech company on Investorideas.com for 3 months effective January 30,2012 . Compensation: two hundred fifty thousand 144 shares for news release publication, syndication on blogs and related sites and email distribution and company profile . More info: www.InvestorIdeas.com/About/Disclaimer.asp and disclosures: http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Friday, January 27, 2012
Resource Investor Alert: Casey Research Identifies Next Generation of Resource Industry Titans with "Casey's NexTen"
Stowe, VT - January 27, 2012 (Investorideas.com Mining Stocks Newswire) Casey Research, a leading provider of investment research with over 30 years of history specializing in metals, mining, and energy investing, has released its 2012 Casey NexTen list*. This annual list showcases the top rising stars of the resource industry � the names investors should be following over the next ten years. Despite their young ages, these individuals are already demonstrating a strong track record in innovation, exploration, and financing.
Casey Research has long recognized that the most successful resource companies invariably have one thing in common - talented people. For years, Casey Research has helped its subscribers succeed by closely following the careers of the most serially successful explorers and entrepreneurs in the industry. It is that top 4% of resource experts who continue to generate 64% of the wins which have, in some cases, generated up to 1,000% or more in returns for those who have invested with them.
"We continue to uncover successful investment opportunities for our subscribers in an industry where only a small percentage yield profitable results. We can do this because as an independent research firm we have the flexibility to look everywhere for the smartest and most innovative up-and-coming talent who are running great businesses, " said Marin Katusa, Casey Research's Chief Energy Investment Strategist. " This year ' s inductees have already demonstrated incredible aptitude for discovering great opportunities and navigating politically charged waters to find success. "
This year ' s inductees to the Casey NexTen list include:
*NexTen candidates are selected based on over 30 years of Casey Research experience and industry judgment in the mining and exploration sector. As a fiercely independent investment research firm, Casey Research receives no fees or compensation for its selections.
About Casey Research
Casey Research is a leading independent provider of investment research with over three decades of heritage. With specialized expertise in energy, metals and mining, commodities and technology, Casey Research provides clients with in-depth analysis of investment opportunities in high-growth areas. Founded by legendary investor Doug Casey, the company carries on his tradition of unbiased research, hands-on analysis, deep industry expertise, and a talent for uncovering uniquely profitable investment opportunities. Casey Research ' s team of seasoned investors, economists, geologists, and analysts are dedicated to uncovering important market trends and providing the guidance and recommendations to profit from them. Find out more at www.caseyresearch.com.
Contact:
Donna Cox-Davies
D2 Solutions, LLC
732-997-0131
dcox-davies@d2solutionsllc.com
Published at Investorideas.com Mining Newswire
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated $150 to publish this news and distribute through its syndicated partners and email subscribers
This is no way an endorsement from Investorideas.com for products or services .
www.InvestorIdeas.com/About/Disclaimer.asp
Stowe, VT - January 27, 2012 (Investorideas.com Mining Stocks Newswire) Casey Research, a leading provider of investment research with over 30 years of history specializing in metals, mining, and energy investing, has released its 2012 Casey NexTen list*. This annual list showcases the top rising stars of the resource industry � the names investors should be following over the next ten years. Despite their young ages, these individuals are already demonstrating a strong track record in innovation, exploration, and financing.
Casey Research has long recognized that the most successful resource companies invariably have one thing in common - talented people. For years, Casey Research has helped its subscribers succeed by closely following the careers of the most serially successful explorers and entrepreneurs in the industry. It is that top 4% of resource experts who continue to generate 64% of the wins which have, in some cases, generated up to 1,000% or more in returns for those who have invested with them.
"We continue to uncover successful investment opportunities for our subscribers in an industry where only a small percentage yield profitable results. We can do this because as an independent research firm we have the flexibility to look everywhere for the smartest and most innovative up-and-coming talent who are running great businesses, " said Marin Katusa, Casey Research's Chief Energy Investment Strategist. " This year ' s inductees have already demonstrated incredible aptitude for discovering great opportunities and navigating politically charged waters to find success. "
This year ' s inductees to the Casey NexTen list include:
- Marcel de Groot: Founder and President, Pathway Capital Limited; Director, Keegan Resources (T.KGN); and Chairman, Luna Gold (V.LGC). Marcel and the firm he founded in 2004, Pathway Capital, invest in and provide strategic support to early-stage private and public companies. To read more about his track record go to: www.caseyresearch.com/marcel-de-groot
- Ari Sussman: President, CEO, and Chairman of the Board, Colossus Minerals (T.CSI); President, CEO, and Director, Continental Gold (T.CNL); and Director, Dalradian Resources (T.DNA). Ari has an eye for identifying high-quality mineral assets. To read more about Ari go to: www.caseyresearch.com/ari-sussman
- David Forest: Chief Operating Officer, Sunward Resources (V.SWD); Managing Director, Notela Group; Phillip O'Neill: Chief Executive Officer, Sunward Resources (V.SWD); Managing Director, Notela Group. To read about how David and Phillip identify specific projects go to: www.caseyresearch.com/david-forest-philip-o-neill
*NexTen candidates are selected based on over 30 years of Casey Research experience and industry judgment in the mining and exploration sector. As a fiercely independent investment research firm, Casey Research receives no fees or compensation for its selections.
About Casey Research
Casey Research is a leading independent provider of investment research with over three decades of heritage. With specialized expertise in energy, metals and mining, commodities and technology, Casey Research provides clients with in-depth analysis of investment opportunities in high-growth areas. Founded by legendary investor Doug Casey, the company carries on his tradition of unbiased research, hands-on analysis, deep industry expertise, and a talent for uncovering uniquely profitable investment opportunities. Casey Research ' s team of seasoned investors, economists, geologists, and analysts are dedicated to uncovering important market trends and providing the guidance and recommendations to profit from them. Find out more at www.caseyresearch.com.
Contact:
Donna Cox-Davies
D2 Solutions, LLC
732-997-0131
dcox-davies@d2solutionsllc.com
Published at Investorideas.com Mining Newswire
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated $150 to publish this news and distribute through its syndicated partners and email subscribers
This is no way an endorsement from Investorideas.com for products or services .
www.InvestorIdeas.com/About/Disclaimer.asp
Thursday, January 26, 2012
How Do You Like Them Apples? Apple (NASDAQ:AAPL) Closes up over 6% on News of Highest Quarterly Revenue and Earnings Ever
New York, New York - January 26, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, issues a trading and news alert for Apple (NASDAQ:AAPL) for January 25 th. The Company reported record revenue and earnings and the stock closed at $446.66, up 26.25(6.24%) on over 34 Million shares, with a high of $ 454.45.
Apple reported financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter's revenue.
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
Apple news: http://www.investorideas.com/news/2012/main/01253.asp
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
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Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising . www.InvestorIdeas.com/About/Disclaimer.asp
800-665-0411 - Source - www.Investorideas.com
New York, New York - January 26, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, issues a trading and news alert for Apple (NASDAQ:AAPL) for January 25 th. The Company reported record revenue and earnings and the stock closed at $446.66, up 26.25(6.24%) on over 34 Million shares, with a high of $ 454.45.
Apple reported financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter's revenue.
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
Apple news: http://www.investorideas.com/news/2012/main/01253.asp
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad. About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
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Investors Ride the Wave with Ocean Power Technologies (NASDAQ:OPTT); Stock Trades Up 18%
New York, NY - January 26, 2012 - (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, Issues a trading alert for renewable energy stock, wave technology company, Ocean Power Technologies, Inc. (Nasdaq: OPTT) for January 25 th. The stock closed at $2.9, up $0.45(18.00%), with a high of $3.00 on over 240,000 shares.
The stock was featured as a speculative buy on Seeking Alpha on Monday.
About Ocean Power Technologies
Ocean Power Technologies, Inc. (Nasdaq: OPTT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable and clean and environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave energy and participates in an estimated $150 billion annual power generation equipment market. OPT's proprietary PowerBuoy® system is based on modular, ocean-going buoys that capture and convert predictable wave energy into clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave-energy generation systems, benefiting from 15 years of in-ocean experience. OPT is headquartered in Pennington, New Jersey, USA with an office in Warwick, UK. More information can be found at www.oceanpowertechnologies.com.
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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New York, NY - January 26, 2012 - (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, Issues a trading alert for renewable energy stock, wave technology company, Ocean Power Technologies, Inc. (Nasdaq: OPTT) for January 25 th. The stock closed at $2.9, up $0.45(18.00%), with a high of $3.00 on over 240,000 shares.
The stock was featured as a speculative buy on Seeking Alpha on Monday.
About Ocean Power Technologies Ocean Power Technologies, Inc. (Nasdaq: OPTT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable and clean and environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave energy and participates in an estimated $150 billion annual power generation equipment market. OPT's proprietary PowerBuoy® system is based on modular, ocean-going buoys that capture and convert predictable wave energy into clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave-energy generation systems, benefiting from 15 years of in-ocean experience. OPT is headquartered in Pennington, New Jersey, USA with an office in Warwick, UK. More information can be found at www.oceanpowertechnologies.com.
Research more electric car stocks on global stock exchanges -and up to 1300 renewable energy stocks at Investorideas.com http://www.investorideas.com/ Companies/ RenewableEnergy/Stock_List.asp
About Investorideas.com - a leader in cleantech investor research
Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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Wednesday, January 25, 2012
Renewable Energy Stock Alert: Juhl Wind (OTCBB: JUHL) Trades up over 15% on News
New York, NY - January 25, 2012 (Investorideas.com renewable energy newswire) Investorideas.com, a leader in renewable energy stock research tools for independent investors issues a news and trading alert for Juhl Wind, Inc. (OTCBB: JUHL) for January 25th.
The stock is trading up at $0.8, up 0.12 (15.79%) on light volume.
Juhl announced the official commercial start-up and operation of the two turbine project for Gundersen Health System in Winona County, MN. The 4.95 megawatt project (the "GL Wind project") is the first-of-its-kind in North America to be constructed specifically to address the energy concerns of a large regional health organization, in this case, Gundersen Health System.
Full news: http://finance.yahoo.com/news/Juhl-Wind-Inc-Announces-prnews-11607827.html?x=0
About Juhl Wind, Inc. (OTCBB: JUHL)
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered Community-Based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 21 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its consolidation of the Valley View, Winona County and Woodstock Hills wind farms, the Company has now invested in and operates 21.7 MWs of wind power through its independent power producer ("IPP") subsidiary, Juhl Renewable Asset, Inc. Through its Next Generation Power Systems subsidiary ("NextGen"), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Pipestone, Minnesota and is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
Follow Juhl Wind, Inc. on Facebook HEREhttp://www.facebook.com/pages/Juhl-Wind-Inc/124547061371?ref=ts
About Investorideas.com - a leader in cleantech investor research
Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.
Read Peter's solar stocks column at http://www.investorideas.com/PL/
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Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated one thousand five by third party Ir Hanover for publishing JUHL news and email distribution
www.InvestorIdeas.com/About/Disclaimer.asp
www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
New York, NY - January 25, 2012 (Investorideas.com renewable energy newswire) Investorideas.com, a leader in renewable energy stock research tools for independent investors issues a news and trading alert for Juhl Wind, Inc. (OTCBB: JUHL) for January 25th.
The stock is trading up at $0.8, up 0.12 (15.79%) on light volume.
Juhl announced the official commercial start-up and operation of the two turbine project for Gundersen Health System in Winona County, MN. The 4.95 megawatt project (the "GL Wind project") is the first-of-its-kind in North America to be constructed specifically to address the energy concerns of a large regional health organization, in this case, Gundersen Health System.
Full news: http://finance.yahoo.com/news/Juhl-Wind-Inc-Announces-prnews-11607827.html?x=0
About Juhl Wind, Inc. (OTCBB: JUHL)Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered Community-Based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 21 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its consolidation of the Valley View, Winona County and Woodstock Hills wind farms, the Company has now invested in and operates 21.7 MWs of wind power through its independent power producer ("IPP") subsidiary, Juhl Renewable Asset, Inc. Through its Next Generation Power Systems subsidiary ("NextGen"), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Pipestone, Minnesota and is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
Follow Juhl Wind, Inc. on Facebook HEREhttp://www.facebook.com/pages/Juhl-Wind-Inc/124547061371?ref=ts
About Investorideas.com - a leader in cleantech investor research
Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.
Read Peter's solar stocks column at http://www.investorideas.com/PL/
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
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Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated one thousand five by third party Ir Hanover for publishing JUHL news and email distribution
www.InvestorIdeas.com/About/Disclaimer.asp
www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Silver Stock News Alert; TSX Junior SilverCrest (TSX-V: SVL) Trades Up on Mineral Resources News
New York, NY - January 25, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors issues releases the following trading and news snapshot for silver stock,SilverCrest Mines Inc. (TSX-V: SVL, OTCQX: STVZF). ON Monday, the Company provided an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico.
On Monday, following the news, the stock traded up on over 700,000 shares and continues its gains this week. Silver is trading up at $33.06, up 1.09 at the time of this release.
News release: http://finance.yahoo.com/news/ SilverCrest-Updates- Corporate-iw-1685022249.html?x=0
Ellis Martin Report with SilverCrest Mines on YouTube.com
http://www.youtube.com/watch?v=qaMmPs0y1DY
In this segment Ellis Martin interviews Scott Drever, President of SilverCrest Mines (TSX-V: SVL) (OTCQX: STVZF) regarding stage two drilling at the La Joya Project and the outlook for that project and the Santa Elena Project for 2012.
More Info on SilverCrest Mines Inc. (TSX-V: SVL)
Powerpoint link:
http://www.silvercrestmines.com/uploadedFiles/images/SVLJanuary2012Final.pdf
Corporate report:
http://silvercrestmines.com/uploadedFiles/images/SVL_Brochure_WEB_Jan12.pdf
SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
More info: www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
New York, NY - January 25, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors issues releases the following trading and news snapshot for silver stock,SilverCrest Mines Inc. (TSX-V: SVL, OTCQX: STVZF). ON Monday, the Company provided an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico.
On Monday, following the news, the stock traded up on over 700,000 shares and continues its gains this week. Silver is trading up at $33.06, up 1.09 at the time of this release.
News release: http://finance.yahoo.com/news/ SilverCrest-Updates- Corporate-iw-1685022249.html?x=0
Ellis Martin Report with SilverCrest Mines on YouTube.com http://www.youtube.com/watch?v=qaMmPs0y1DY
In this segment Ellis Martin interviews Scott Drever, President of SilverCrest Mines (TSX-V: SVL) (OTCQX: STVZF) regarding stage two drilling at the La Joya Project and the outlook for that project and the Santa Elena Project for 2012.
More Info on SilverCrest Mines Inc. (TSX-V: SVL)
Powerpoint link:
http://www.silvercrestmines.com/uploadedFiles/images/SVLJanuary2012Final.pdf
Corporate report:
http://silvercrestmines.com/uploadedFiles/images/SVL_Brochure_WEB_Jan12.pdf
SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State. FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
More info: www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Renewable Energy Stock News; Juhl Wind (OTCBB: JUHL) Announces 7th Wind System Completed in Past 24 months
PIPESTONE, Minn. - January 25, 2012 (Investorideas.com renewable energy newswire) Wind stock news alert: Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power, today announced the official commercial start-up and operation of the two turbine project for Gundersen Health System in Winona County, MN. The 4.95 megawatt project (the "GL Wind project") is the first-of-its-kind in North America to be constructed specifically to address the energy concerns of a large regional health organization, in this case, Gundersen Health System.
"This unique wind project represents the continued activity by Juhl over the past two years and highlights our strength and diversity in the community wind energy market," stated Corey Juhl, Vice President of Development for Juhl Wind Inc. "We are seeing an increased demand for large commercial and industrial organization projects such as Gundersen's as they fit extremely well within Juhl Wind's area of expertise. This community-based project will provide significant economic benefits to the region. As one piece of their Envision program, the wind farm project will help Gundersen Health System achieve their goal of becoming 100% energy independent by 2014."
"This is an exciting time for Gundersen and our Envision program. This community wind project we have done with Juhl Wind was about two years in the making, and we're happy to report that the turbines are now creating energy," said Jeff Rich, executive director, GL Envision, LLC.
Rich added, "As a healthcare organization, it is important for us to lead by example. Creating renewable energy through programs, like the GL Wind project in Lewiston makes good business sense, creates local jobs during construction and ties directly to our mission of improving the health of the communities we serve. The money we generate from renewable energy projects, like the wind farm, and the money we save through energy conservation can be passed on to patients in the form of lower healthcare costs. The renewable energy projects are also allowing us to improve our environmental footprint in the communities we serve."
About Juhl Wind, Inc. (OTCBB: JUHL)/strong>
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered Community-Based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 21 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its consolidation of the Valley View, Winona County and Woodstock Hills wind farms, the Company has now invested in and operates 21.7 MWs of wind power through its independent power producer ("IPP") subsidiary, Juhl Renewable Asset, Inc. Through its Next Generation Power Systems subsidiary ("NextGen"), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Pipestone, Minnesota and is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
Follow Juhl Wind, Inc. on Facebook HEREhttp://www.facebook.com/pages/Juhl-Wind-Inc/124547061371?ref=ts
For more information, contact/strong>
Juhl Wind Investor Relations
Jody Janson
Phone: (888) 438-JUHL (or 888-438-5845)
Email: jody@istockdaily.com
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects, prospective acquisitions and wind farm assets mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. While new wind farms noted from time to time are large-scale construction projects, Juhl Wind may not be the primary contractor for the provision of certain services, as it is in certain of its other projects. These risks are referenced in Juhl Wind's current 10K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
Published at Investorideas.com Newswire /strong>
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
PIPESTONE, Minn. - January 25, 2012 (Investorideas.com renewable energy newswire) Wind stock news alert: Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power, today announced the official commercial start-up and operation of the two turbine project for Gundersen Health System in Winona County, MN. The 4.95 megawatt project (the "GL Wind project") is the first-of-its-kind in North America to be constructed specifically to address the energy concerns of a large regional health organization, in this case, Gundersen Health System.
"This unique wind project represents the continued activity by Juhl over the past two years and highlights our strength and diversity in the community wind energy market," stated Corey Juhl, Vice President of Development for Juhl Wind Inc. "We are seeing an increased demand for large commercial and industrial organization projects such as Gundersen's as they fit extremely well within Juhl Wind's area of expertise. This community-based project will provide significant economic benefits to the region. As one piece of their Envision program, the wind farm project will help Gundersen Health System achieve their goal of becoming 100% energy independent by 2014."
"This is an exciting time for Gundersen and our Envision program. This community wind project we have done with Juhl Wind was about two years in the making, and we're happy to report that the turbines are now creating energy," said Jeff Rich, executive director, GL Envision, LLC.
Rich added, "As a healthcare organization, it is important for us to lead by example. Creating renewable energy through programs, like the GL Wind project in Lewiston makes good business sense, creates local jobs during construction and ties directly to our mission of improving the health of the communities we serve. The money we generate from renewable energy projects, like the wind farm, and the money we save through energy conservation can be passed on to patients in the form of lower healthcare costs. The renewable energy projects are also allowing us to improve our environmental footprint in the communities we serve."
About Juhl Wind, Inc. (OTCBB: JUHL)/strong>
Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered Community-Based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 21 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its consolidation of the Valley View, Winona County and Woodstock Hills wind farms, the Company has now invested in and operates 21.7 MWs of wind power through its independent power producer ("IPP") subsidiary, Juhl Renewable Asset, Inc. Through its Next Generation Power Systems subsidiary ("NextGen"), Juhl Wind also provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is based in Pipestone, Minnesota and is traded on the OTCBB under the symbol JUHL. Additional information is available at the Company's website at www.juhlwind.com or by calling 877-584-5946 (or 877-JUHLWIN).
Follow Juhl Wind, Inc. on Facebook HEREhttp://www.facebook.com/pages/Juhl-Wind-Inc/124547061371?ref=ts
For more information, contact/strong>
Juhl Wind Investor Relations
Jody Janson
Phone: (888) 438-JUHL (or 888-438-5845)
Email: jody@istockdaily.com
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects, prospective acquisitions and wind farm assets mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the timing of funding and actual construction. While new wind farms noted from time to time are large-scale construction projects, Juhl Wind may not be the primary contractor for the provision of certain services, as it is in certain of its other projects. These risks are referenced in Juhl Wind's current 10K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
Published at Investorideas.com Newswire /strong>
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
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Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated one thousand five by third party Ir Hanover for publishing JUHL news and email distribution
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
TSX Silver Stock Update; SilverCrest (TSX-V: SVL) Reports Silver Equivalent Inferred Resources Increase of 424%
VANCOUVER, B.C. � January 25, 2012 - Silver stock update from SilverCrest Mines Inc. (TSX-V:SVL, OTCQX:STVZF) (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. ( TSX-V:SVL, OTCQX: STVZF) provides an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico (see table below).
The addition of the initial La Joya Inferred Resources of 101.9 million ounces silver equivalent resulted in corporate Inferred Resources increasing by 424% from 24.0 million to 126.0 million silver equivalent ounces. The Company's combined Probable and Indicated Resources (based on US$18 per ounce silver, US$1000 per ounce gold, and Ag:Au at 55:1) declined by 14.7% from 36.2 million to 30.9 million silver equivalent ounces as a result of production at the Santa Elena Mine in 2010 and 2011.
N. Eric Fier, CPG, P.Eng. and COO for SilverCrest stated; "This significant increase in the Company's resource base is another important milestone in its goal of becoming a major silver and gold asset - based company. SilverCrest's immediate initiatives are to continue to diligently operate its flagship Santa Elena silver and gold mine, aggressively explore the discovery at La Joya and to further acquire and develop substantial silver-gold resources."
SilverCrest Resource Summary - January 2012
Drilling is currently underway at Cruz de Mayo where 30 holes have been completed with approximately 15 to 20 holes remaining. A Pre-Feasibility Study with further metallurgical work is underway to determine the amenability of processing Cruz de Mayo material at the conventional mill proposed for the Santa Elena mine site.
La Joya Resource Summary (Phase I)
On January 5, 2012, the Company announced the initial resource estimate for its La Joya property located in Durango Mexico. The Inferred Resource of 101.9 million ounces silver equivalent was based on 27 initial Company drill holes plus 8 verified Luismin historical drill holes. The initial resource covers only a portion of the 2.5 kilometre Main Mineralized Trend and is open latterly in all directions. The resource estimations for the 15 and 30 gpt Ag Eq.* cutoff scenarios are illustrated on the attached surface plan and cross sections and presented in the following table.
The Company has completed 8 holes of a planned Phase II, 80 hole drilling program that will entail approximately 15,000 metres of additional drilling which will further expand and define the current resource and test three separate targets adjacent to the Main Mineralized Trend. Assay results are pending. The Phase II drilling, sampling, and metallurgical test work to determine flotation characteristics will be completed in 2012.
The Company believes the deposit is potentially amenable to open pit mining with standard conventional flotation processing similar to the nearby Sabinas Mine (Penoles) which is currently operating at an estimated 4,000 tpd and shipping concentrate overseas. Significant potential for resource expansion exists along the strike length of the Main Mineralized Trend and adjacent additional targets where historic data has indicated the presence of significant Ag-Au-Cu mineralization (see New Release dated Nov. 14, 2011).
Selective areas of lead, zinc, tungsten and molybdenum are also being evaluated for resource estimation. These metals are considered potential by-products of any Ag-Au-Cu mineralization production. Resource estimations for these metals will be reported when completed and will be incorporated in the Technical Report with the initial resources estimate to be filed on SEDAR.
The La Joya Property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The property is located in a productive mineralized region which currently supports several large scale mining operations including Grupo Mexico's San Martin Mine, Industrias Peñoles' Sabinas Mine, Pan American Silver's La Colorada Mine and First Majestic Silver's La Parrilla Silver Mine. Please reference our website at www.silvercrestmines.com for more information, photos, a video and figures on La Joya.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
More Info on SilverCrest Mines Inc. ( TSX-V: SVL)
Ellis Martin Report with SilverCrest Mines
http://www.youtube.com/watch?v=qaMmPs0y1DY
In this segment Ellis Martin interviews Scott Drever, President of SilverCrest Mines (TSX-V:SVL)(OTCQX:STVZF) regarding stage two drilling at the La Joya Project and the outlook for that project and the Santa Elena Project for 2012.
Powerpoint link:
http://www.silvercrestmines.com/uploadedFiles/images/SVLJanuary2012Final.pdf
Corporate report:
http://silvercrestmines.com/uploadedFiles/images/SVL_Brochure_WEB_Jan12.pdf
SilverCrest Mines Inc. ( TSX-V: SVL ) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Mining newswire and syndicated blogs
Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
More info: www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
VANCOUVER, B.C. � January 25, 2012 - Silver stock update from SilverCrest Mines Inc. (TSX-V:SVL, OTCQX:STVZF) (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. ( TSX-V:SVL, OTCQX: STVZF) provides an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico (see table below).
The addition of the initial La Joya Inferred Resources of 101.9 million ounces silver equivalent resulted in corporate Inferred Resources increasing by 424% from 24.0 million to 126.0 million silver equivalent ounces. The Company's combined Probable and Indicated Resources (based on US$18 per ounce silver, US$1000 per ounce gold, and Ag:Au at 55:1) declined by 14.7% from 36.2 million to 30.9 million silver equivalent ounces as a result of production at the Santa Elena Mine in 2010 and 2011.
N. Eric Fier, CPG, P.Eng. and COO for SilverCrest stated; "This significant increase in the Company's resource base is another important milestone in its goal of becoming a major silver and gold asset - based company. SilverCrest's immediate initiatives are to continue to diligently operate its flagship Santa Elena silver and gold mine, aggressively explore the discovery at La Joya and to further acquire and develop substantial silver-gold resources."
SilverCrest Resource Summary - January 2012
*based on $1,000/oz of gold and $18/oz of silver, cut-off grade of 0.38 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
Estimated 1,336,000 ore tonnes were mined at Santa Elena in 2010 and 2011 grading 1.41 gpt Au and 46.51 gpt Ag and subtracted from Probable Reserves.
All numbers are rounded. Excludes potential metal inventory for leach pad re- treatment during Expansion.
**based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
***based on a silver cut-off grade of 30 gpt, 100% metallurgical recovery is assumed. Ag:Au is 55:1. Refer 2007 to Fier and Wallis Technical Report on Cruz de Mayo.
**** Based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1.
The Company plans an additional 6 core holes on the Santa Elena underground deposit beginning in Q1 2012. This drilling will further assist in delineating the existing underground resources and potentially expand the resources. The decline ramp to explore and develop the resources below the current open pit has been commenced and advancement is expected to continue throughout 2012.Estimated 1,336,000 ore tonnes were mined at Santa Elena in 2010 and 2011 grading 1.41 gpt Au and 46.51 gpt Ag and subtracted from Probable Reserves.
All numbers are rounded. Excludes potential metal inventory for leach pad re- treatment during Expansion.
**based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
***based on a silver cut-off grade of 30 gpt, 100% metallurgical recovery is assumed. Ag:Au is 55:1. Refer 2007 to Fier and Wallis Technical Report on Cruz de Mayo.
**** Based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1.
Drilling is currently underway at Cruz de Mayo where 30 holes have been completed with approximately 15 to 20 holes remaining. A Pre-Feasibility Study with further metallurgical work is underway to determine the amenability of processing Cruz de Mayo material at the conventional mill proposed for the Santa Elena mine site.
La Joya Resource Summary (Phase I)
On January 5, 2012, the Company announced the initial resource estimate for its La Joya property located in Durango Mexico. The Inferred Resource of 101.9 million ounces silver equivalent was based on 27 initial Company drill holes plus 8 verified Luismin historical drill holes. The initial resource covers only a portion of the 2.5 kilometre Main Mineralized Trend and is open latterly in all directions. The resource estimations for the 15 and 30 gpt Ag Eq.* cutoff scenarios are illustrated on the attached surface plan and cross sections and presented in the following table.
*Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.
** Conforms to NI 43-101, 43-101CP, and current CIM definitions for resources. Resource estimation summary presented by EBA, a Tetra Tech Company on January 5, 2012 with a pending NI43-101 Technical Report. All numbers are rounded.
The attached figures show a 3D schematic of La Joya with the currently defined resource area and longitudinal sections of the resource model through the Main Mineralized Trend. The model shows the predominance of at least 9 near-surface sulfide mineralized vertical structurally-controlled stockwork zones up to 50 metres wide and the presences of at least 14 near horizontal mantos (disseminated sulfide mineralization) up to 30 metres thick. In many instances the open areas shown on the figures are due to a lack of information rather than an established absence of mineralization. The deposit remains open latterly in all directions. The previous defined "Contact Zone" requires further drilling before potential resources are applied. The two section examples show the current computer-generated model using 15 gpt and 30 gpt Ag Eq.* cutoffs. Doubling the cutoff grade reduces the contained Ag equivalent ounces by only 15.2% which implies that higher grade material is available if required for the potential economic viability of the deposit.** Conforms to NI 43-101, 43-101CP, and current CIM definitions for resources. Resource estimation summary presented by EBA, a Tetra Tech Company on January 5, 2012 with a pending NI43-101 Technical Report. All numbers are rounded.
The Company has completed 8 holes of a planned Phase II, 80 hole drilling program that will entail approximately 15,000 metres of additional drilling which will further expand and define the current resource and test three separate targets adjacent to the Main Mineralized Trend. Assay results are pending. The Phase II drilling, sampling, and metallurgical test work to determine flotation characteristics will be completed in 2012.
The Company believes the deposit is potentially amenable to open pit mining with standard conventional flotation processing similar to the nearby Sabinas Mine (Penoles) which is currently operating at an estimated 4,000 tpd and shipping concentrate overseas. Significant potential for resource expansion exists along the strike length of the Main Mineralized Trend and adjacent additional targets where historic data has indicated the presence of significant Ag-Au-Cu mineralization (see New Release dated Nov. 14, 2011).
Selective areas of lead, zinc, tungsten and molybdenum are also being evaluated for resource estimation. These metals are considered potential by-products of any Ag-Au-Cu mineralization production. Resource estimations for these metals will be reported when completed and will be incorporated in the Technical Report with the initial resources estimate to be filed on SEDAR.
The La Joya Property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The property is located in a productive mineralized region which currently supports several large scale mining operations including Grupo Mexico's San Martin Mine, Industrias Peñoles' Sabinas Mine, Pan American Silver's La Colorada Mine and First Majestic Silver's La Parrilla Silver Mine. Please reference our website at www.silvercrestmines.com for more information, photos, a video and figures on La Joya.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
More Info on SilverCrest Mines Inc. ( TSX-V: SVL)
Ellis Martin Report with SilverCrest Mines
http://www.youtube.com/watch?v=qaMmPs0y1DY
In this segment Ellis Martin interviews Scott Drever, President of SilverCrest Mines (TSX-V:SVL)(OTCQX:STVZF) regarding stage two drilling at the La Joya Project and the outlook for that project and the Santa Elena Project for 2012.
Powerpoint link:
http://www.silvercrestmines.com/uploadedFiles/images/SVLJanuary2012Final.pdf
Corporate report:
http://silvercrestmines.com/uploadedFiles/images/SVL_Brochure_WEB_Jan12.pdf
SilverCrest Mines Inc. ( TSX-V: SVL ) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Mining newswire and syndicated blogs
Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
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Tuesday, January 24, 2012
Electric Car Stocks Alert: Enova Systems, Inc. (NYSE AMEX: ENA) Trades up over 40% on News of Supplying Drive Systems to First Auto Works (China)
New York, NY - January 24, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for electric car stock, Enova Systems, Inc. (NYSE AMEX: ENA). The stock is trading up at$ 0.31, up 0.09 (44.19%) on news.
Enova Systems, Inc. (NYSE AMEX: ENA) (AIM: ENV.L) (AIM: ENVS.L), a developer of proprietary hybrid electric and all-electric drive systems and drive system components for the emerging green commercial vehicle market, reports it has received further orders to supply drive system components to First Auto Works (FAW) in China. Enova shipped an additional fifty (50) hybrid drive systems to FAW in December 2011, and FAW just placed an incremental order of another 50 hybrid drive systems for delivery early this year.
About Enova
Enova Systems (http://www.enovasystems.com) is a leading supplier of efficient, environmentally friendly digital power components and systems products. The Company’s core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies unique ‘enabling technologies’ in the areas of alternative energy propulsion systems for light and heavy-duty vehicles as well as power conditioning and management systems for distributed generation systems. The Company develops, designs and produces non-invasive drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles in both the “new” and “retrofit” vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at http://www.enovasystems.com.
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New York, NY - January 24, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for electric car stock, Enova Systems, Inc. (NYSE AMEX: ENA). The stock is trading up at$ 0.31, up 0.09 (44.19%) on news.
Enova Systems, Inc. (NYSE AMEX: ENA) (AIM: ENV.L) (AIM: ENVS.L), a developer of proprietary hybrid electric and all-electric drive systems and drive system components for the emerging green commercial vehicle market, reports it has received further orders to supply drive system components to First Auto Works (FAW) in China. Enova shipped an additional fifty (50) hybrid drive systems to FAW in December 2011, and FAW just placed an incremental order of another 50 hybrid drive systems for delivery early this year.
About EnovaEnova Systems (http://www.enovasystems.com) is a leading supplier of efficient, environmentally friendly digital power components and systems products. The Company’s core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies unique ‘enabling technologies’ in the areas of alternative energy propulsion systems for light and heavy-duty vehicles as well as power conditioning and management systems for distributed generation systems. The Company develops, designs and produces non-invasive drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles in both the “new” and “retrofit” vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at http://www.enovasystems.com.
Research more electric car stocks on global stock exchanges and up to 1300 renewable energy stocks at Investorideas.com http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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Monday, January 23, 2012
Biotech Stock Alert; Aethlon Medical (OTC: AEMD) Establishes Extracorporeal Therapy Scientific Advisory Board
SAN DIEGO - January 23, 2012 (Investorideas.com newswire) - Aethlon Medical, Inc. (OTCBB: AEMD), the pioneer in developing selective therapeutic filtration devices to address infectious disease, cancer and other life-threatening conditions, announced today that it has established an Extracorporeal Therapy Scientific Advisory Board to guide the advancement of the Aethlon Hemopurifier� and other therapies developed from the Aethlon ADAPT� system. Aethlon recently established a Scientific Advisory Board specific to Sepsis & Inflammation and during the course of 2012 expects to establish Science Advisory Boards comprised of thought leaders from the infectious disease and cancer community as well. Initial members of the Aethlon Extracorporeal Therapy Scientific Advisory Board include John Kellum, M.D., Gregory T. A. Kovacs, M.D., Ph.D., Nathan Levin, M.D., Hans Dietrich Polaschegg, Ph.D., Claudio Ronco, M.D., and David Ward, M.D.
"We are truly honored to have this esteemed group of industry thought leaders agree to provide their scientific insight to our therapeutic endeavors," stated Aethlon Chairman and CEO, Jim Joyce.
About Dr. Kellum
Dr. Kellum is a tenured professor of Critical Care Medicine at the University of Pittsburgh. He is a clinician scientist whose research interests span various aspects of Critical Care Medicine, but center in critical care nephrology (including acid-base, and renal replacement therapy), sepsis and multi-organ failure (including blood purification), and clinical epidemiology. His research has received continuous funding from the National Institutes of Health since 2001 and he has active funding from multiple different NIH Institutes. Dr. Kellum has authored more than 300 publications and has also edited several major textbooks including Critical Care Nephrology 2nd Edition (WB Saunders), and Stewart's Textbook of Acid-Base, 2nd Edition (www.acidbase.org). He has won several teaching awards, lectures widely, and has given more than 300 seminars and invited lectures related to his research. Dr. Kellum has been involved in the development of several clinical practice guidelines. He is a founding member and past president of the Acute Dialysis Quality Initiative (www.ADQI.net) and is co-chair of the Kidney Diseases Improving Global Outcomes (KDIGO) clinical practice guideline on acute kidney injury (www.kdigo.org). Finally Dr. Kellum is a leader in electronic research especially in critical illness and is the Director of CARe (Center for Assistance in Research using the eRecord) also at the University of Pittsburgh.
About Dr. Kovacs
Dr. Kovacs is a Professor of Electrical Engineering at Stanford University with a courtesy appointment in the Department of Medicine. He received a BASc degree in Electrical Engineering from the University of British Columbia, an MS degree in Bioengineering from the University of California, Berkeley, and a Ph.D. and an MD degree from Stanford University. Dr. Kovacs is the Director of Medical Device Technologies for the Astrobionics Program at the NASA Ames Research Center, and Principal Investigator for the NASA/Stanford National Center for Space Biological Technologies. This Center is charged with developing advanced medical devices to enable extended human spaceflight and instrumentation/payloads for biological experiments. Dr. Kovacs also has extensive industry experience including co-founding and providing technical guidance for several companies, including Cepheid in Sunnyvale, CA, supplier of advanced instrumentation for clinical and research nucleic acid diagnostics. Through Northrup Grumman, Cepheid supplies the automated biothreat detection systems in use by the United States Postal Service. He is a long-standing member of the Defense Sciences Research Council (DARPA), and has served as Associate Chair and Chairman. In this capacity, he has led or co-led studies on a variety of topics from chemical and biological agent detection and decontamination, miniaturized biological instrumentation, jungle warfare technologies, and many others. Between 2008 and 2011, Dr. Kovacs was on leave from Stanford University to serve as director of the Microsystems Technology Office at DARPA.
About Dr. Levin
Dr. Levin is the Chairman, Research Board of the Renal Research Institute and Professor of Clinical Medicine, Albert Einstein College of Medicine. Past Medical and Research Director, Renal Research Institute (1997-2010). Dr. Levin is the Chair of the Selection Committee for the Lillian Jean Kaplan International Prize for Advancement in the Understanding of Polycystic Kidney Disease (PKD). He is the Co-Founder of Sustainable Kidney Care Foundation. Dr. Levin is an advisor to the Board of KidneyTel. He has lectured nationally and internationally on topics relating to chronic kidney disease (CKD) and hemodialysis. He is the Principal Investigator of the NIH sponsored study of Frequent Dialysis. Dr. Levin is on the Medical Advisory Panel at Fresenius Healthcare Partners and is currently an adjunct Professor of Medicine at the School of Medicine, The University of North Carolina at Chapel Hill. He is the Honorary Chair, Peking University, in Beijing, China. Dr. Levin contributes to the global CKD community in a variety of functions.
About Dr. Polaschegg
Dr. Polaschegg is an internationally respected scientist and authority on medical devices for renal care. He serves as a Medical Devices Consultant to several organizations in that field. He is best known as the Architect of the dialysis equipment for industry leader Fresenius AG. Dr. Polaschegg served as Head of Research and Development of Medical Systems Division of Fresenius AG from 1979 to 1994. He is a member of several international American and European standard committees including Chairman of the Extracorporeal Circulation and Infusion and Technology Committee. He is also the author or co-author of over 100 patents and 84 publications, and a member of over a dozen biomedical and engineering societies. Dr. Polaschegg holds a Bachelor's diploma and a Ph.D. in Technical Physics from the Technical University of Vienna in Austria.
About Dr. Ronco
Dr. Ronco is the Director of the Department of Nephrology at St. Bortolo Hospital in Vicenza. He is a member of the council of several scientific societies and is Editor in Chief of the International Journal of Artificial Organs. He has received numerous awards and honors, including the International Medal of Excellence from the National Kidney Foundation (NKF) and honorary membership of the Spanish Society of Nephrology (SSN). Dr. Ronco has organized several congresses and meetings in the area of nephrology and intensive care and is a member of several advisory groups for clinical trials and dialysis research. He has co-authored over 650 papers, 36 book chapters, 45 books and seven monographic journal issues, and has delivered more than 450 lectures at international meetings and universities. In 1989, Dr. Ronco was awarded his diploma in pediatric nephrology at the University of Naples, having achieved a specialized diploma in medical nephrology at the Post-graduate School of Internal Medicine at the University of Padua in 1979. He graduated in medicine from the University of Padua, having been an intern at the Institute of Clinical Internal Medicine at the same institution.
About Dr. Ward
Dr. Ward trained in nephrology in Scotland and did a second fellowship in renal immunopathology at Scripps Research Foundation. Since 1977 he has been a member of the Division of Nephrology at UCSD. He directed the dialysis unit and clinical nephrology program at UCSD for 19 years, and has directed the therapeutic apheresis program for the last 22 years. At different times he has served the UCSD Medical School as Assistant Dean for Clinical Affairs, Chief of Staff of the Hospital, and Chairman of the UCSD Medical Group. Special interests include immunological diseases, glomerular diseases, transplantation medicine, apheresis medicine, hemodialysis technology, innovative extracorporeal blood circuits, and general clinical nephrology. He practices, publishes and teaches in these areas, including authoring chapters in standard textbooks such as "Rheumatology" and "Clinical Dialysis."
About Aethlon Medical
The Aethlon Medical mission is to create innovative medical devices that address unmet medical needs in cancer, infectious disease, and other life-threatening conditions. Our Aethlon ADAPT� System is a revenue-stage technology platform that provides the basis for a new class of therapeutics that target the selective removal of disease enabling particles from the entire circulatory system. The Aethlon ADAPT� product pipeline includes the Aethlon Hemopurifier� to address infectious disease and cancer; HER2osome� to target HER2+ breast cancer, and a medical device being developed under a contract with the Defense Advanced Research Projects Agency (DARPA) that would reduce the incidence of sepsis in combat-injured soldiers and civilians. For more information, please visit www.aethlonmedical.com.
Certain of the statements herein may be forward-looking and involve risks and uncertainties. Such forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Aethlon Medical, Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such potential risks and uncertainties include, without limitation, the ability for the Company to derive business partnerships or future revenue streams using the Aethlon ADAPT� system including the ability to introduce a targeted breast cancer therapy known as HER2osome�, there is no assurance that FDA will approve the initiation of the company's clinical programs or provide market clearance of the company's products, the ability to achieve the goals set out in the DARPA contract, future human studies of the Aethlon Hemopurifier� as an adjunct therapy to improve patient responsiveness to established cancer therapies, the company's ability to raise capital when needed, the Company's ability to complete the development of its planned products, the Company's ability to manufacture its products either internally or through outside companies and provide its services, the impact of government regulations, patent protection on the Company's proprietary technology, product liability exposure, uncertainty of market acceptance, competition, technological change, and other risk factors. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Contacts:
James A. Joyce
Chairman and CEO
858.459.7800 x301
jj@aethlonmedical.com
Jim Frakes
Chief Financial Officer
858.459.7800 x300
jfrakes@aethlonmedical.com
John P. Salvador
Director, Communications & Investor Relations
858.459.7800 x307
jps@aethlonmedical.com
Visit the AETHLON MEDICAL INC (OTC BB: AEMD) showcase profile page on Investorideas.comDisclosure/Disclaimer: AETHLON MEDICAL INC (OTC BB: AEMD) Investorideas.com is paid by AEMD to publish news and distribute content through Investordeas.com Newswire and its syndicated partners and blogs
SAN DIEGO - January 23, 2012 (Investorideas.com newswire) - Aethlon Medical, Inc. (OTCBB: AEMD), the pioneer in developing selective therapeutic filtration devices to address infectious disease, cancer and other life-threatening conditions, announced today that it has established an Extracorporeal Therapy Scientific Advisory Board to guide the advancement of the Aethlon Hemopurifier� and other therapies developed from the Aethlon ADAPT� system. Aethlon recently established a Scientific Advisory Board specific to Sepsis & Inflammation and during the course of 2012 expects to establish Science Advisory Boards comprised of thought leaders from the infectious disease and cancer community as well. Initial members of the Aethlon Extracorporeal Therapy Scientific Advisory Board include John Kellum, M.D., Gregory T. A. Kovacs, M.D., Ph.D., Nathan Levin, M.D., Hans Dietrich Polaschegg, Ph.D., Claudio Ronco, M.D., and David Ward, M.D.
"We are truly honored to have this esteemed group of industry thought leaders agree to provide their scientific insight to our therapeutic endeavors," stated Aethlon Chairman and CEO, Jim Joyce.About Dr. Kellum
Dr. Kellum is a tenured professor of Critical Care Medicine at the University of Pittsburgh. He is a clinician scientist whose research interests span various aspects of Critical Care Medicine, but center in critical care nephrology (including acid-base, and renal replacement therapy), sepsis and multi-organ failure (including blood purification), and clinical epidemiology. His research has received continuous funding from the National Institutes of Health since 2001 and he has active funding from multiple different NIH Institutes. Dr. Kellum has authored more than 300 publications and has also edited several major textbooks including Critical Care Nephrology 2nd Edition (WB Saunders), and Stewart's Textbook of Acid-Base, 2nd Edition (www.acidbase.org). He has won several teaching awards, lectures widely, and has given more than 300 seminars and invited lectures related to his research. Dr. Kellum has been involved in the development of several clinical practice guidelines. He is a founding member and past president of the Acute Dialysis Quality Initiative (www.ADQI.net) and is co-chair of the Kidney Diseases Improving Global Outcomes (KDIGO) clinical practice guideline on acute kidney injury (www.kdigo.org). Finally Dr. Kellum is a leader in electronic research especially in critical illness and is the Director of CARe (Center for Assistance in Research using the eRecord) also at the University of Pittsburgh.
About Dr. Kovacs
Dr. Kovacs is a Professor of Electrical Engineering at Stanford University with a courtesy appointment in the Department of Medicine. He received a BASc degree in Electrical Engineering from the University of British Columbia, an MS degree in Bioengineering from the University of California, Berkeley, and a Ph.D. and an MD degree from Stanford University. Dr. Kovacs is the Director of Medical Device Technologies for the Astrobionics Program at the NASA Ames Research Center, and Principal Investigator for the NASA/Stanford National Center for Space Biological Technologies. This Center is charged with developing advanced medical devices to enable extended human spaceflight and instrumentation/payloads for biological experiments. Dr. Kovacs also has extensive industry experience including co-founding and providing technical guidance for several companies, including Cepheid in Sunnyvale, CA, supplier of advanced instrumentation for clinical and research nucleic acid diagnostics. Through Northrup Grumman, Cepheid supplies the automated biothreat detection systems in use by the United States Postal Service. He is a long-standing member of the Defense Sciences Research Council (DARPA), and has served as Associate Chair and Chairman. In this capacity, he has led or co-led studies on a variety of topics from chemical and biological agent detection and decontamination, miniaturized biological instrumentation, jungle warfare technologies, and many others. Between 2008 and 2011, Dr. Kovacs was on leave from Stanford University to serve as director of the Microsystems Technology Office at DARPA.
About Dr. Levin
Dr. Levin is the Chairman, Research Board of the Renal Research Institute and Professor of Clinical Medicine, Albert Einstein College of Medicine. Past Medical and Research Director, Renal Research Institute (1997-2010). Dr. Levin is the Chair of the Selection Committee for the Lillian Jean Kaplan International Prize for Advancement in the Understanding of Polycystic Kidney Disease (PKD). He is the Co-Founder of Sustainable Kidney Care Foundation. Dr. Levin is an advisor to the Board of KidneyTel. He has lectured nationally and internationally on topics relating to chronic kidney disease (CKD) and hemodialysis. He is the Principal Investigator of the NIH sponsored study of Frequent Dialysis. Dr. Levin is on the Medical Advisory Panel at Fresenius Healthcare Partners and is currently an adjunct Professor of Medicine at the School of Medicine, The University of North Carolina at Chapel Hill. He is the Honorary Chair, Peking University, in Beijing, China. Dr. Levin contributes to the global CKD community in a variety of functions.
About Dr. Polaschegg
Dr. Polaschegg is an internationally respected scientist and authority on medical devices for renal care. He serves as a Medical Devices Consultant to several organizations in that field. He is best known as the Architect of the dialysis equipment for industry leader Fresenius AG. Dr. Polaschegg served as Head of Research and Development of Medical Systems Division of Fresenius AG from 1979 to 1994. He is a member of several international American and European standard committees including Chairman of the Extracorporeal Circulation and Infusion and Technology Committee. He is also the author or co-author of over 100 patents and 84 publications, and a member of over a dozen biomedical and engineering societies. Dr. Polaschegg holds a Bachelor's diploma and a Ph.D. in Technical Physics from the Technical University of Vienna in Austria.
About Dr. Ronco
Dr. Ronco is the Director of the Department of Nephrology at St. Bortolo Hospital in Vicenza. He is a member of the council of several scientific societies and is Editor in Chief of the International Journal of Artificial Organs. He has received numerous awards and honors, including the International Medal of Excellence from the National Kidney Foundation (NKF) and honorary membership of the Spanish Society of Nephrology (SSN). Dr. Ronco has organized several congresses and meetings in the area of nephrology and intensive care and is a member of several advisory groups for clinical trials and dialysis research. He has co-authored over 650 papers, 36 book chapters, 45 books and seven monographic journal issues, and has delivered more than 450 lectures at international meetings and universities. In 1989, Dr. Ronco was awarded his diploma in pediatric nephrology at the University of Naples, having achieved a specialized diploma in medical nephrology at the Post-graduate School of Internal Medicine at the University of Padua in 1979. He graduated in medicine from the University of Padua, having been an intern at the Institute of Clinical Internal Medicine at the same institution.
About Dr. Ward
Dr. Ward trained in nephrology in Scotland and did a second fellowship in renal immunopathology at Scripps Research Foundation. Since 1977 he has been a member of the Division of Nephrology at UCSD. He directed the dialysis unit and clinical nephrology program at UCSD for 19 years, and has directed the therapeutic apheresis program for the last 22 years. At different times he has served the UCSD Medical School as Assistant Dean for Clinical Affairs, Chief of Staff of the Hospital, and Chairman of the UCSD Medical Group. Special interests include immunological diseases, glomerular diseases, transplantation medicine, apheresis medicine, hemodialysis technology, innovative extracorporeal blood circuits, and general clinical nephrology. He practices, publishes and teaches in these areas, including authoring chapters in standard textbooks such as "Rheumatology" and "Clinical Dialysis."
About Aethlon Medical
The Aethlon Medical mission is to create innovative medical devices that address unmet medical needs in cancer, infectious disease, and other life-threatening conditions. Our Aethlon ADAPT� System is a revenue-stage technology platform that provides the basis for a new class of therapeutics that target the selective removal of disease enabling particles from the entire circulatory system. The Aethlon ADAPT� product pipeline includes the Aethlon Hemopurifier� to address infectious disease and cancer; HER2osome� to target HER2+ breast cancer, and a medical device being developed under a contract with the Defense Advanced Research Projects Agency (DARPA) that would reduce the incidence of sepsis in combat-injured soldiers and civilians. For more information, please visit www.aethlonmedical.com.
Certain of the statements herein may be forward-looking and involve risks and uncertainties. Such forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Aethlon Medical, Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such potential risks and uncertainties include, without limitation, the ability for the Company to derive business partnerships or future revenue streams using the Aethlon ADAPT� system including the ability to introduce a targeted breast cancer therapy known as HER2osome�, there is no assurance that FDA will approve the initiation of the company's clinical programs or provide market clearance of the company's products, the ability to achieve the goals set out in the DARPA contract, future human studies of the Aethlon Hemopurifier� as an adjunct therapy to improve patient responsiveness to established cancer therapies, the company's ability to raise capital when needed, the Company's ability to complete the development of its planned products, the Company's ability to manufacture its products either internally or through outside companies and provide its services, the impact of government regulations, patent protection on the Company's proprietary technology, product liability exposure, uncertainty of market acceptance, competition, technological change, and other risk factors. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Contacts:
James A. Joyce
Chairman and CEO
858.459.7800 x301
jj@aethlonmedical.com
Jim Frakes
Chief Financial Officer
858.459.7800 x300
jfrakes@aethlonmedical.com
John P. Salvador
Director, Communications & Investor Relations
858.459.7800 x307
jps@aethlonmedical.com
Visit the AETHLON MEDICAL INC (OTC BB: AEMD) showcase profile page on Investorideas.comDisclosure/Disclaimer: AETHLON MEDICAL INC (OTC BB: AEMD) Investorideas.com is paid by AEMD to publish news and distribute content through Investordeas.com Newswire and its syndicated partners and blogs
China Stock Alert: China Direct Industries (NASDAQ: CDII) to Change Corporate Name to CD International Enterprises
DEERFIELD BEACH, FL - January 23, 2012 (InvestorIdeas.com Newswire) - China Direct Industries, Inc. (the "Company") ( NASDAQ:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services announced today that the Company's board of directors has approved a change of the Company's name to CD International Enterprises, Inc., subject to approval of its shareholders at the Company's special shareholder meeting which is expected to take place in February 2012. There is no change planned to the Company's NASDAQ trading symbol which will remain CDII.
Management believes the new corporate name reflects our new business direction to build our company into a truly global organization in 2012 and beyond as we look to grow our sourcing, processing, and distribution business in Mexico and South America. In addition, management intends to actively explore additional opportunities to further diversify its revenue geographically.
In a letter to shareholders, Dr. James Wang, CEO and Chairman of China Direct Industries, Inc., stated the following:
Dear Fellow Shareholders:
As we begin this New Year, I would like to thank each and every shareholder for your continued support and to extend our best wishes to you for a very happy and prosperous 2012. Over the course of this past year our company has achieved a great deal that will help us set the stage for future growth in fiscal 2012 and beyond. We have built a solid foundation for our company to enable us to move forward with our transformation into a truly global organization. In an effort to reflect this exciting global focus for our future, our board of directors has approved changing our corporate name to CD International Enterprises which we will adopt effective January 23, 2012. Our whole team is dedicated to our global effort and we intend to work diligently to make our company a vibrant and growing organization with a geographically diversified revenue base for the benefit of our shareholders.
As we move forward into our exciting future I think it is important to look back at the steps we have taken over the past two fiscal years as well as our future plans to position our company for this exciting new chapter in our corporate history.
In our Magnesium Segment:
1. We have reached the late stage of our planned magnesium consolidation through the acquisition of Taiyuan Ruiming Yiwei Magnesium Co., Ltd., the acquisition of the non-controlling interest in Shanxi Gu County Golden Magnesium Co., Ltd. ("Golden Magnesium"), as well as our proposed acquisitions of Golden Trust Magnesium Industry Co., Ltd. and 80% of Lingshi Xinghai Magnesium Industry Co., Ltd. If we complete our proposed acquisitions, we stand to become the largest producer of magnesium in the world with approximate annual production capacity of 100,000 metric tons. We believe our magnesium business will be the main driver of future growth in both revenue and earnings as magnesium demand is forecasted to reach new levels in fiscal years 2013 and 2014.
2. We successfully completed the implementation of our new UFIDA NC Enterprise Resource Planning (ERP) financial accounting software system at our Golden Magnesium facility. We expect to continue the implementation of the ERP system in our remaining magnesium subsidiaries during fiscal 2012. Full implementation and utilization of the ERP system will help management improve corporate forecasting, overall accounting practices, and financial transparency as we grow our operations in the coming years.
3. We also plan to consolidate our raw material purchasing, sales, accounting, marketing and human resources in order to streamline our magnesium operations. We believe that the cost synergies and economies of scale will help to reduce our production costs and improve our magnesium operating margin. Our directors, Mr. Huang and Mr. Kung, will lead this effort.
In our Basic Materials Segment:
1. Our first step in the geographic diversification of our business began with the development of our international commodities sourcing and processing business. In fiscal 2011, we completed the delivery of two shipments of iron ore sourced from Mexico. Additionally, we set up operations in Bolivia and Chile in an effort to establish a continuous source of iron ore.
2. We expect to ship a total of about 100,000 tons from these three locations in the second quarter of fiscal year 2012. We believe we have the ability to ramp these operations to an average shipping run rate of approximately 100,000 tons per month in the second half of 2012 and reach a rate of 200,000 tons per month in 2013.
3. We are exploring additional sourcing opportunities in Peru for fiscal 2013 to further fuel our growth in this business as we work towards our goal of delivering six million tons of iron ore annually out of this region by 2015.
4. We also intend to establish other geographically diverse revenue streams in this segment and are currently evaluating a potential opportunity in North America for the sourcing, processing, and distribution of scrap metal and steel.
In our Consulting Segment:
1. Over the course of fiscal 2011 we helped complete two transactions for our consulting clients and increased the number of clients for which we provide ongoing advisory services. We assisted one of our advisory services clients, Sunwin International Neutraceuticals, Inc., with establishing a distribution arrangement with Domino Foods for its all-natural low calorie sweetener and we are also working with other opportunities to help them establish sales and business relationships in North America.
2. In addition, we launched the 'China Value Program' in order to expand our scope of services to China-based U.S. listed public companies. This program is tailored to assist these companies in navigating through the current market challenges for Chinese companies.
3. Through our marketing efforts we expect to continue to expand our client base in fiscal 2012. We believe this will lead to the addition of several new clients in this fiscal year with at least two of these new clients leading to transactional related assistance. We intend to reach a total of ten ongoing services clients by the end of this fiscal year.
In order to support the growth and diversification of our various businesses we have named Hernan Grant Welch to the position of Executive Vice President and Chief Financial Officer. Mr. Welch has garnered over 30 years of international finance experience in working for both public companies and major auditing firms. His experience will be instrumental in helping us manage the financial aspects of our international expansion. We have also doubled the size of our corporate headquarters to 13,000 square feet. We plan to use the expanded space for additional management and marketing operations for our international commodities distribution business, our consulting services operations, and administration and sales for our magnesium operations.
As we move forward with our expansion plans, we also intend to intensify our own public relations efforts. We will look to take every opportunity and make every effort to raise the profile of our company with the business and investor community as we deliver on our business goals in an effort to increase our corporate visibility value and unlock the true value of what we are building here at our company. We expect the implementation of this growth plan in the coming years to enable us to emerge as a diversified and profitable company that generates sustainable cash flow to fuel our growth for years to come.
In closing, I would like to emphasize that each and every member of our organization is committed to our growth plan and we are excited to enter into this New Year with our experienced management team, streamlined operations and strong business relationships in the U.S., China and South America. We intend to dutifully implement our focused plan for our company as we seek to achieve substantial growth in revenues and earnings while carefully controlling the cost of operations. As always, we thank you for your support and look forward to maximizing the value of our company for you, our shareholders, in the years to come. We look forward to your continuing support as we make this journey together.
Sincerely,
James Wang, Ph.D.
Chairman of the Board
About CD International Enterprises
China Direct Industries, Inc. d/b/a CD International Enterprises (NASDAQ: CDII), is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, CD International Enterprises' unique infrastructure provides a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. For more information about CD International Enterprises, please visit http://www.cdii.net.
DISCLOSURE NOTICE:
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Direct Industries, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our expected growth, cost synergies, iron ore sales and future acquisitions of scrap metal operations, completion of our proposed acquisitions and implementation of our ERP system and efforts to import magnesium into the U.S.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Report on Form 10-K for the fiscal year ended September 30, 2011.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with our proposed acquisitions Golden Trust Magnesium and Lingshi Magnesium and the change of our corporate name discussed in this press release, we will be filing a proxy statement and relevant documents concerning the transactions with the Securities and Exchange Commission ("SEC"). SECURITY HOLDERS OF OUR COMPANY ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders can obtain free copies of the proxy statement and other documents when they become available by contacting our Investor Relations Department, 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441 (Telephone: (954) 363-7333). In addition, documents we filed with the SEC are available free of charge at the SEC's web site at http://www.sec.gov and at our website www.cdii.net under "Investor Relations - SEC Filings."
Our company and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed acquisitions Golden Trust Magnesium and Lingshi Magnesium and the change of our corporate name. Information regarding our directors and executive officers is available in our Annual Report on Form 10-K for the year ended September 30, 2011, which was filed with the SEC on December 23, 2011 and the proxy statement and other relevant materials filed with the SEC in connection with these matters. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Each of these documents is, or will be, available free of charge at the SEC's web site at http://www.sec.gov and from our Investor Relations Department, 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441 (Telephone: (954) 363-7333).
Contact Information:
China Direct Industries, Inc.
Richard Galterio or Lillian Wong
Investor Relations
Phone: 1-877- China -57
Email: richard.galterio@cdii.net
lillian.wong@cdii.net
DEERFIELD BEACH, FL - January 23, 2012 (InvestorIdeas.com Newswire) - China Direct Industries, Inc. (the "Company") ( NASDAQ:CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides cross border corporate advisory services announced today that the Company's board of directors has approved a change of the Company's name to CD International Enterprises, Inc., subject to approval of its shareholders at the Company's special shareholder meeting which is expected to take place in February 2012. There is no change planned to the Company's NASDAQ trading symbol which will remain CDII.
Management believes the new corporate name reflects our new business direction to build our company into a truly global organization in 2012 and beyond as we look to grow our sourcing, processing, and distribution business in Mexico and South America. In addition, management intends to actively explore additional opportunities to further diversify its revenue geographically.
In a letter to shareholders, Dr. James Wang, CEO and Chairman of China Direct Industries, Inc., stated the following:
Dear Fellow Shareholders:
As we begin this New Year, I would like to thank each and every shareholder for your continued support and to extend our best wishes to you for a very happy and prosperous 2012. Over the course of this past year our company has achieved a great deal that will help us set the stage for future growth in fiscal 2012 and beyond. We have built a solid foundation for our company to enable us to move forward with our transformation into a truly global organization. In an effort to reflect this exciting global focus for our future, our board of directors has approved changing our corporate name to CD International Enterprises which we will adopt effective January 23, 2012. Our whole team is dedicated to our global effort and we intend to work diligently to make our company a vibrant and growing organization with a geographically diversified revenue base for the benefit of our shareholders.
As we move forward into our exciting future I think it is important to look back at the steps we have taken over the past two fiscal years as well as our future plans to position our company for this exciting new chapter in our corporate history.
In our Magnesium Segment:
1. We have reached the late stage of our planned magnesium consolidation through the acquisition of Taiyuan Ruiming Yiwei Magnesium Co., Ltd., the acquisition of the non-controlling interest in Shanxi Gu County Golden Magnesium Co., Ltd. ("Golden Magnesium"), as well as our proposed acquisitions of Golden Trust Magnesium Industry Co., Ltd. and 80% of Lingshi Xinghai Magnesium Industry Co., Ltd. If we complete our proposed acquisitions, we stand to become the largest producer of magnesium in the world with approximate annual production capacity of 100,000 metric tons. We believe our magnesium business will be the main driver of future growth in both revenue and earnings as magnesium demand is forecasted to reach new levels in fiscal years 2013 and 2014.
2. We successfully completed the implementation of our new UFIDA NC Enterprise Resource Planning (ERP) financial accounting software system at our Golden Magnesium facility. We expect to continue the implementation of the ERP system in our remaining magnesium subsidiaries during fiscal 2012. Full implementation and utilization of the ERP system will help management improve corporate forecasting, overall accounting practices, and financial transparency as we grow our operations in the coming years.
3. We also plan to consolidate our raw material purchasing, sales, accounting, marketing and human resources in order to streamline our magnesium operations. We believe that the cost synergies and economies of scale will help to reduce our production costs and improve our magnesium operating margin. Our directors, Mr. Huang and Mr. Kung, will lead this effort.
In our Basic Materials Segment:
1. Our first step in the geographic diversification of our business began with the development of our international commodities sourcing and processing business. In fiscal 2011, we completed the delivery of two shipments of iron ore sourced from Mexico. Additionally, we set up operations in Bolivia and Chile in an effort to establish a continuous source of iron ore.
2. We expect to ship a total of about 100,000 tons from these three locations in the second quarter of fiscal year 2012. We believe we have the ability to ramp these operations to an average shipping run rate of approximately 100,000 tons per month in the second half of 2012 and reach a rate of 200,000 tons per month in 2013.
3. We are exploring additional sourcing opportunities in Peru for fiscal 2013 to further fuel our growth in this business as we work towards our goal of delivering six million tons of iron ore annually out of this region by 2015.
4. We also intend to establish other geographically diverse revenue streams in this segment and are currently evaluating a potential opportunity in North America for the sourcing, processing, and distribution of scrap metal and steel.
In our Consulting Segment:
1. Over the course of fiscal 2011 we helped complete two transactions for our consulting clients and increased the number of clients for which we provide ongoing advisory services. We assisted one of our advisory services clients, Sunwin International Neutraceuticals, Inc., with establishing a distribution arrangement with Domino Foods for its all-natural low calorie sweetener and we are also working with other opportunities to help them establish sales and business relationships in North America.
2. In addition, we launched the 'China Value Program' in order to expand our scope of services to China-based U.S. listed public companies. This program is tailored to assist these companies in navigating through the current market challenges for Chinese companies.
3. Through our marketing efforts we expect to continue to expand our client base in fiscal 2012. We believe this will lead to the addition of several new clients in this fiscal year with at least two of these new clients leading to transactional related assistance. We intend to reach a total of ten ongoing services clients by the end of this fiscal year.
In order to support the growth and diversification of our various businesses we have named Hernan Grant Welch to the position of Executive Vice President and Chief Financial Officer. Mr. Welch has garnered over 30 years of international finance experience in working for both public companies and major auditing firms. His experience will be instrumental in helping us manage the financial aspects of our international expansion. We have also doubled the size of our corporate headquarters to 13,000 square feet. We plan to use the expanded space for additional management and marketing operations for our international commodities distribution business, our consulting services operations, and administration and sales for our magnesium operations.
As we move forward with our expansion plans, we also intend to intensify our own public relations efforts. We will look to take every opportunity and make every effort to raise the profile of our company with the business and investor community as we deliver on our business goals in an effort to increase our corporate visibility value and unlock the true value of what we are building here at our company. We expect the implementation of this growth plan in the coming years to enable us to emerge as a diversified and profitable company that generates sustainable cash flow to fuel our growth for years to come.
In closing, I would like to emphasize that each and every member of our organization is committed to our growth plan and we are excited to enter into this New Year with our experienced management team, streamlined operations and strong business relationships in the U.S., China and South America. We intend to dutifully implement our focused plan for our company as we seek to achieve substantial growth in revenues and earnings while carefully controlling the cost of operations. As always, we thank you for your support and look forward to maximizing the value of our company for you, our shareholders, in the years to come. We look forward to your continuing support as we make this journey together.
Sincerely,
James Wang, Ph.D.
Chairman of the Board
About CD International Enterprises
China Direct Industries, Inc. d/b/a CD International Enterprises (NASDAQ: CDII), is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, CD International Enterprises' unique infrastructure provides a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. For more information about CD International Enterprises, please visit http://www.cdii.net.
DISCLOSURE NOTICE:
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Direct Industries, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our expected growth, cost synergies, iron ore sales and future acquisitions of scrap metal operations, completion of our proposed acquisitions and implementation of our ERP system and efforts to import magnesium into the U.S.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Report on Form 10-K for the fiscal year ended September 30, 2011.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with our proposed acquisitions Golden Trust Magnesium and Lingshi Magnesium and the change of our corporate name discussed in this press release, we will be filing a proxy statement and relevant documents concerning the transactions with the Securities and Exchange Commission ("SEC"). SECURITY HOLDERS OF OUR COMPANY ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders can obtain free copies of the proxy statement and other documents when they become available by contacting our Investor Relations Department, 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441 (Telephone: (954) 363-7333). In addition, documents we filed with the SEC are available free of charge at the SEC's web site at http://www.sec.gov and at our website www.cdii.net under "Investor Relations - SEC Filings."
Our company and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed acquisitions Golden Trust Magnesium and Lingshi Magnesium and the change of our corporate name. Information regarding our directors and executive officers is available in our Annual Report on Form 10-K for the year ended September 30, 2011, which was filed with the SEC on December 23, 2011 and the proxy statement and other relevant materials filed with the SEC in connection with these matters. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Each of these documents is, or will be, available free of charge at the SEC's web site at http://www.sec.gov and from our Investor Relations Department, 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441 (Telephone: (954) 363-7333).
Contact Information:
China Direct Industries, Inc.
Richard Galterio or Lillian Wong
Investor Relations
Phone: 1-877- China -57
Email: richard.galterio@cdii.net
lillian.wong@cdii.net
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