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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Tuesday, January 24, 2012
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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Silver Stock News: SilverCrest (TSX-V: SVL, OTCQX: STVZF) Updates Corporate Resources; Silver Equivalent Inferred Resources Increase 424%
VANCOUVER, B.C. � January 23, 2012 (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. (TSX-V:SVL , OTCQX: STVZF) is pleased to provide 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.
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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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 23, 2012 (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. (TSX-V:SVL , OTCQX: STVZF) is pleased to provide 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.
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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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
Thursday, January 19, 2012
Renewable Energy Stocks Alert; Battery Stocks on the Move; AONE, ARTX, (AXPW:OB)
Point Roberts, WA - January 19, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for battery stocks for January 19th.
A123 Systems, Inc. (Nasdaq:AONE), a developer and manufacturer of advanced Nanophosphate (R) lithium ion batteries and systems, is trading at $2.2601, up 0.0801(3.67%) on over 700,00 shares.
The Company announced that Edward Kopkowski has accepted an offer to become A123's Chief Operating Officer (COO) and is expected to join the company effective January 23, 2012. Kopkowski brings more 25 years of global management and operational leadership in the manufacturing industry to A123, where he will be responsible for the company's global manufacturing operations, advanced manufacturing engineering capabilities and the supply chain and quality organizations.
Arotech Corporation (NasdaqGM: ARTX) is trading at $1.24, up 0.10(8.70%) 10:37AM EST on light volume. Arotech Corporation is a provider of quality defense and security products for the military, law enforcement and homeland security markets, including advanced zinc-air and lithium batteries and chargers.
AXION POWER INTL INC (OTCBB: AXPW), a developer of advanced lead-carbon PbC® batteries and energy storage systems, is trading at $0.4999, up 0.0649(14.92%) 12:53PM EST on 279,000 shares.
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Point Roberts, WA - January 19, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for battery stocks for January 19th.
A123 Systems, Inc. (Nasdaq:AONE), a developer and manufacturer of advanced Nanophosphate (R) lithium ion batteries and systems, is trading at $2.2601, up 0.0801(3.67%) on over 700,00 shares.
The Company announced that Edward Kopkowski has accepted an offer to become A123's Chief Operating Officer (COO) and is expected to join the company effective January 23, 2012. Kopkowski brings more 25 years of global management and operational leadership in the manufacturing industry to A123, where he will be responsible for the company's global manufacturing operations, advanced manufacturing engineering capabilities and the supply chain and quality organizations.
Arotech Corporation (NasdaqGM: ARTX) is trading at $1.24, up 0.10(8.70%) 10:37AM EST on light volume. Arotech Corporation is a provider of quality defense and security products for the military, law enforcement and homeland security markets, including advanced zinc-air and lithium batteries and chargers.
AXION POWER INTL INC (OTCBB: AXPW), a developer of advanced lead-carbon PbC® batteries and energy storage systems, is trading at $0.4999, up 0.0649(14.92%) 12:53PM EST on 279,000 shares.
Research more greenstocks 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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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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Solar Stocks Run with Double Digit Gains: ASTI, DSTI, WEST
Point Roberts, WA - January 19, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for solar stocks for Thursday January 19th. The solar sector has rebounded in January, giving impressive gains to new investors and relief to investors who stayed long from last year.
Ascent Solar Technologies, Inc. (NasdaqGM: ASTI) is trading at $1.0480, up 0.1980(23.29%), with a high of $1.10.
DayStar Technologies, Inc. (NasdaqCM: DSTI) is up, trading at $0.43, up 0.05(13.28%) 11:45AM EST on over 500,000 shares. The 52 week low on the stock was $0.13.
Westinghouse Solar, Inc. (NasdaqCM: WEST) is trading at $0.8015, up 0.1216(17.88%) on over 400,000 shares with a high of $0.83. The last news from the Company was that that it had received an equity investment from CBD Energy Limited (ASX: CBD.AX), a diversified renewable energy company based in Sydney, Australia. In addition to the investment, the companies have agreed to explore a broader strategic relationship.
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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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Point Roberts, WA - January 19, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for solar stocks for Thursday January 19th. The solar sector has rebounded in January, giving impressive gains to new investors and relief to investors who stayed long from last year.
Ascent Solar Technologies, Inc. (NasdaqGM: ASTI) is trading at $1.0480, up 0.1980(23.29%), with a high of $1.10.
DayStar Technologies, Inc. (NasdaqCM: DSTI) is up, trading at $0.43, up 0.05(13.28%) 11:45AM EST on over 500,000 shares. The 52 week low on the stock was $0.13.
Westinghouse Solar, Inc. (NasdaqCM: WEST) is trading at $0.8015, up 0.1216(17.88%) on over 400,000 shares with a high of $0.83. The last news from the Company was that that it had received an equity investment from CBD Energy Limited (ASX: CBD.AX), a diversified renewable energy company based in Sydney, Australia. In addition to the investment, the companies have agreed to explore a broader strategic relationship.
Research more solar 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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Disclaimer/ Disclosure: 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 its management and is not the opinion of Investorideas.com. Learn more: 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
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Wednesday, January 18, 2012
Oil and Gas Stock News; Osage (OTCBB: OEDV.OB) Spuds Second Horizontal Mississippian Well in Nemaha Ridge Project; Total Depth Reached on First Well
SAN DIEGO - January 18, 2012 (Investorideas.com Energy Newswire) - Osage Exploration and Development, Inc. (OTCBB: OEDV.OB) is pleased to announce the spudding of the Krittenbrink 2-36H on January 8, 2012 in Logan County, Oklahoma two days after the completion of the Company�s second disposal well. The Krittenbrink 2-36H is the second horizontal Mississippian well to commence drilling in conjunction with its partners, Slawson Exploration Company and US Energy Development Corporation.
Osage is also pleased to announce that total measured depth of 9,917 feet has been reached on the Wolfe 1-29H, the first horizontal Mississippian well in the Company's previously announced 20,000 acre Nemaha Ridge project.
"Osage is methodically achieving its early goals," stated Kim Bradford, Chairman and CEO of Osage Exploration and Development. "Additionally, as the drilling of our first two horizontal Mississippian wells progresses, we are witnessing a significant increase in both drilling and leasing activity by major producers adjacent to the Company�s Logan County acreage. This activity is targeting both the Mississippian and more notably, the Woodford formations to which Osage also owns rights across its acreage block. We believe that this activity provides strong third-party validation of our geological thesis and points to the value of the multiple formations in the acreage block that we have assembled."
Greg Franklin, Osage�s Vice President of Exploration, stated, "In order to optimize the results in our initial wells, we have been carefully studying the hydraulic fracturing and completion techniques utilized to date by the other significant players in the horizontal Mississippian play. We feel that as a result, we are oriented to achieve outstanding results in the early wells of this program."
For a visual depiction of the horizontal drilling technique that will be utilized in the Nemaha Ridge project, click on the video link below:
http://www.osageexploration.com/video/index.htm
About Osage Exploration and Development, Inc.
Based in San Diego, California, with production offices in Oklahoma City, Oklahoma, and executive offices in Bogot�, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. and Colombia. http://www.osageexploration.com
About Slawson Exploration Company, Inc.
Headquartered in Wichita, Kansas, with regional offices in Denver, Houston, and Oklahoma City, Slawson began oil and gas exploration in 1957. http://www.slawsoncompanies.com/exploration.html
About U.S. Energy Development Corporation
U.S. Energy Development Corporation was formed in 1980 as a successor to Oilmark & Company, Inc., founded in 1978. The company has consistently been ranked among the Top 50 Independent Oil & Natural Gas Drillers in the United States and is one of the largest drillers in both New York and Pennsylvania. Since 1980, U.S. Energy has acted as operator with respect to the drilling of more than 2,500 wells. http://www.usedc.com
Safe Harbor Statement
The information in this release includes certain forward-looking statements as defined by the Securities and Exchange Commission that are based on assumptions that in the future may prove not to have been accurate. Those statements and Osage Exploration and Development, Inc. are subject to a number of risks, including production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others.
Contact:
Osage Exploration and Development, Inc.
Kim Bradford, President and CEO
Phone: 619-677-3956
Fax: 619-677-3964
kbradford@osageexploration.com
www.osageexploration.com
or
Portage Equity Market Advisors, LLC
Jack Zedlitz, Managing Advisor
Phone: 405-230-1182
jzedlitz@portagemarketadvisors.com
www.portagellc.com
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. Osage, OEDV is an expired advertising company on Investorideas.com (see past compensation http://www.investorideas.com/About/News/Clientspecifics.asp)
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
SAN DIEGO - January 18, 2012 (Investorideas.com Energy Newswire) - Osage Exploration and Development, Inc. (OTCBB: OEDV.OB) is pleased to announce the spudding of the Krittenbrink 2-36H on January 8, 2012 in Logan County, Oklahoma two days after the completion of the Company�s second disposal well. The Krittenbrink 2-36H is the second horizontal Mississippian well to commence drilling in conjunction with its partners, Slawson Exploration Company and US Energy Development Corporation.
Osage is also pleased to announce that total measured depth of 9,917 feet has been reached on the Wolfe 1-29H, the first horizontal Mississippian well in the Company's previously announced 20,000 acre Nemaha Ridge project.
"Osage is methodically achieving its early goals," stated Kim Bradford, Chairman and CEO of Osage Exploration and Development. "Additionally, as the drilling of our first two horizontal Mississippian wells progresses, we are witnessing a significant increase in both drilling and leasing activity by major producers adjacent to the Company�s Logan County acreage. This activity is targeting both the Mississippian and more notably, the Woodford formations to which Osage also owns rights across its acreage block. We believe that this activity provides strong third-party validation of our geological thesis and points to the value of the multiple formations in the acreage block that we have assembled."
Greg Franklin, Osage�s Vice President of Exploration, stated, "In order to optimize the results in our initial wells, we have been carefully studying the hydraulic fracturing and completion techniques utilized to date by the other significant players in the horizontal Mississippian play. We feel that as a result, we are oriented to achieve outstanding results in the early wells of this program."
For a visual depiction of the horizontal drilling technique that will be utilized in the Nemaha Ridge project, click on the video link below:
http://www.osageexploration.com/video/index.htm
About Osage Exploration and Development, Inc.
Based in San Diego, California, with production offices in Oklahoma City, Oklahoma, and executive offices in Bogot�, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. and Colombia. http://www.osageexploration.com
About Slawson Exploration Company, Inc.
Headquartered in Wichita, Kansas, with regional offices in Denver, Houston, and Oklahoma City, Slawson began oil and gas exploration in 1957. http://www.slawsoncompanies.com/exploration.html
About U.S. Energy Development Corporation
U.S. Energy Development Corporation was formed in 1980 as a successor to Oilmark & Company, Inc., founded in 1978. The company has consistently been ranked among the Top 50 Independent Oil & Natural Gas Drillers in the United States and is one of the largest drillers in both New York and Pennsylvania. Since 1980, U.S. Energy has acted as operator with respect to the drilling of more than 2,500 wells. http://www.usedc.com
Safe Harbor Statement
The information in this release includes certain forward-looking statements as defined by the Securities and Exchange Commission that are based on assumptions that in the future may prove not to have been accurate. Those statements and Osage Exploration and Development, Inc. are subject to a number of risks, including production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others.
Contact:
Osage Exploration and Development, Inc.
Kim Bradford, President and CEO
Phone: 619-677-3956
Fax: 619-677-3964
kbradford@osageexploration.com
www.osageexploration.com
or
Portage Equity Market Advisors, LLC
Jack Zedlitz, Managing Advisor
Phone: 405-230-1182
jzedlitz@portagemarketadvisors.com
www.portagellc.com
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. Osage, OEDV is an expired advertising company on Investorideas.com (see past compensation http://www.investorideas.com/About/News/Clientspecifics.asp)
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
Green Wind Energy Stock News; Juhl Wind (OTCBB: JUHL) Chosen as Development Partner for Upstate NY's Black Oak Wind Project
PIPESTONE, Minn. - January 18, 2012 (Investorideas.com renewable energy newswire) Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power, reports the signing of a Development Services Agreement with the Black Oak Wind Farm located near Ithaca, NY. The project is a proposed 15 to 30 MW facility with expectation of the project being online during the third quarter 2013. Juhl Wind will be serving as a development partner for the project.
"We are very excited to be expanding our development services outside of the Midwest region. The Black Oak Wind Farm is made up of a group of highly motivated individuals who are looking to bring the Ithaca area its first utility scale Community Wind project and we are honored to have been selected to assist them in doing so," stated Corey Juhl, Vice President of Project Development for Juhl Wind, Inc.
The Black Oak Wind Farm has also teamed up with Val-Add Service Corporation, a South Dakota project management company, whose recent success includes structuring and coordination of a 10.5 MW community-owned wind project in Central South Dakota. "It is exciting to bring to New York a business structure that has worked so successfully for a similar community-owned wind project in South Dakota," said Brian Minish, President of Val-Add Service Corp. "We are also very excited to be working on our first project with Juhl Wind and hope that it is the first of many to come."
"The Black Oak Wind Farm represents a new wrinkle in our development strategy here at Juhl. With the current transmission uncertainty in the Midwest we are actively looking to diversify our development portfolio by adding projects throughout North America and in regions that generally experience higher electric rates," added Juhl Wind President John Mitola. "In addition, partnering with the Val-Add team will give this project a unique opportunity to maximize the amount of local ownership and economic development to Tompkins County."
"We are very pleased to be working with such experienced partners as Juhl Wind and Val-Add Service," said Peter Bardaglio, President of Black Oak Wind Farm, LLC. "Not only do they understand the importance of this project being financially successful but also how to make sure we contribute to the well being of the local economy," Bardaglio added.
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
For more information, contact
Juhl Wind Investor Relations
Jody Janson
Phone: (888) 438-JUHL (or 888-438-5845)
Email: jody@istockdaily.com
About Val-Add Service Corporation
Over the past several years Val-Add Service Corp. has assisted in the development of more than 20 agricultural plants in eight states, as well as working with projects as diverse as ethanol and biodiesel production, soybean crushing, egg-laying, beef processing, fish farming, and dairy production. The combination of project management skills, new entity structure and development experience, along with backgrounds in finance and agricultural business has provided Val-Add Service Corp. a unique ability to analyze and assist new business ventures. Val-Add Service Corp. had helped develop over $1.5 billion dollars in new value-added agricultural ventures. For more information, visit www.val-addservice.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
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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 18, 2012 (Investorideas.com renewable energy newswire) Juhl Wind, Inc. (OTCBB: JUHL), the Leader in Community Wind Power, reports the signing of a Development Services Agreement with the Black Oak Wind Farm located near Ithaca, NY. The project is a proposed 15 to 30 MW facility with expectation of the project being online during the third quarter 2013. Juhl Wind will be serving as a development partner for the project.
"We are very excited to be expanding our development services outside of the Midwest region. The Black Oak Wind Farm is made up of a group of highly motivated individuals who are looking to bring the Ithaca area its first utility scale Community Wind project and we are honored to have been selected to assist them in doing so," stated Corey Juhl, Vice President of Project Development for Juhl Wind, Inc.
The Black Oak Wind Farm has also teamed up with Val-Add Service Corporation, a South Dakota project management company, whose recent success includes structuring and coordination of a 10.5 MW community-owned wind project in Central South Dakota. "It is exciting to bring to New York a business structure that has worked so successfully for a similar community-owned wind project in South Dakota," said Brian Minish, President of Val-Add Service Corp. "We are also very excited to be working on our first project with Juhl Wind and hope that it is the first of many to come."
"The Black Oak Wind Farm represents a new wrinkle in our development strategy here at Juhl. With the current transmission uncertainty in the Midwest we are actively looking to diversify our development portfolio by adding projects throughout North America and in regions that generally experience higher electric rates," added Juhl Wind President John Mitola. "In addition, partnering with the Val-Add team will give this project a unique opportunity to maximize the amount of local ownership and economic development to Tompkins County."
"We are very pleased to be working with such experienced partners as Juhl Wind and Val-Add Service," said Peter Bardaglio, President of Black Oak Wind Farm, LLC. "Not only do they understand the importance of this project being financially successful but also how to make sure we contribute to the well being of the local economy," Bardaglio added.
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
For more information, contact
Juhl Wind Investor Relations
Jody Janson
Phone: (888) 438-JUHL (or 888-438-5845)
Email: jody@istockdaily.com
About Val-Add Service Corporation
Over the past several years Val-Add Service Corp. has assisted in the development of more than 20 agricultural plants in eight states, as well as working with projects as diverse as ethanol and biodiesel production, soybean crushing, egg-laying, beef processing, fish farming, and dairy production. The combination of project management skills, new entity structure and development experience, along with backgrounds in finance and agricultural business has provided Val-Add Service Corp. a unique ability to analyze and assist new business ventures. Val-Add Service Corp. had helped develop over $1.5 billion dollars in new value-added agricultural ventures. For more information, visit www.val-addservice.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
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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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
Tuesday, January 17, 2012
Solar Stocks on Fire Again; Ascent Solar (NASDAQ:ASTI) on the Move
Point Roberts, WA - January 17, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors reports on solar stock Ascent Solar Technologies, Inc. (NasdaqGM:ASTI), trading up at $0.74, up 0.07(10.45%) 1:52PM EST with a high of $0.084 in today's trading session. The stock has traded over a million shares at the time of this report, compared to its daily average volume of 146,000.
About Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Additional information can be found at www.ascentsolar.com.
Solar stock research:
Use the renewable energy stocks directory to research 1300 green stocks including solar stocks on global stock exchanges http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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Point Roberts, WA - January 17, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors reports on solar stock Ascent Solar Technologies, Inc. (NasdaqGM:ASTI), trading up at $0.74, up 0.07(10.45%) 1:52PM EST with a high of $0.084 in today's trading session. The stock has traded over a million shares at the time of this report, compared to its daily average volume of 146,000.
About Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Additional information can be found at www.ascentsolar.com.
Solar stock research:
Use the renewable energy stocks directory to research 1300 green stocks including solar stocks on global stock exchanges 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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Solar Stock Energy Conversion Devices (Nasdaq:ENER) Continues Run: Stock up over 30%
Point Roberts, WA - January 17, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors reports on solar stock, Energy Conversion Devices (Nasdaq:ENER), continuing its gains from Friday’s trading session, with the stock trading at $1.29, up 0.3605 (38.78%), with a high of $1.39 on over 8 Million shares.
About Energy Conversion Devices (ECD) (Nasdaq:ENER)
Energy Conversion Devices (ECD) (Nasdaq:ENER) has a renowned 51 year history since its formation in Detroit, Michigan and has been a pioneer in materials science and renewable energy technology development. The company has been awarded over 500 U.S. patents and international counterparts for its achievements. ECD's United Solar wholly owned subsidiary has been a global leader in building-integrated and rooftop photovoltaics for over 25 years. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to clean, renewable energy using proprietary technology. UNI-SOLAR(R) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world energy production. ECD's technology portfolio also includes the Ovonic Battery Company, the inventor and worldwide licensor of nickel-metal-hydride battery technology and the developer of proprietary advanced lithium-ion cathode materials, along with other emerging energy storage technologies. ECD's Ovonyx joint venture is the inventor and worldwide licensor of phase change memory (PCM) technology.
Solar stock research:
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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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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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Point Roberts, WA - January 17, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors reports on solar stock, Energy Conversion Devices (Nasdaq:ENER), continuing its gains from Friday’s trading session, with the stock trading at $1.29, up 0.3605 (38.78%), with a high of $1.39 on over 8 Million shares.
About Energy Conversion Devices (ECD) (Nasdaq:ENER)
Energy Conversion Devices (ECD) (Nasdaq:ENER) has a renowned 51 year history since its formation in Detroit, Michigan and has been a pioneer in materials science and renewable energy technology development. The company has been awarded over 500 U.S. patents and international counterparts for its achievements. ECD's United Solar wholly owned subsidiary has been a global leader in building-integrated and rooftop photovoltaics for over 25 years. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to clean, renewable energy using proprietary technology. UNI-SOLAR(R) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world energy production. ECD's technology portfolio also includes the Ovonic Battery Company, the inventor and worldwide licensor of nickel-metal-hydride battery technology and the developer of proprietary advanced lithium-ion cathode materials, along with other emerging energy storage technologies. ECD's Ovonyx joint venture is the inventor and worldwide licensor of phase change memory (PCM) technology.
Solar stock research:
Use the renewable energy stocks directory to research 1300 green stocks including solar stocks on global stock exchanges 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.
Read Peter's solar stocks column at http://www.investorideas.com/PL/
Visit Investorideas.com green and renewable showcase stocks and more investor research in the sector: http://www.investorideas.com/Companies/RenewableEnergy/ or www.renewableenergystocks.com
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Disclaimer/ Disclosure: 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 its management and is not the opinion of Investorideas.com. Learn more: 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
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AirTouch Communications (OTCBB: ATCH) Is Profiled in Levine's MicroCap Investor
NEWPORT BEACH, CA - January 17, 2012 (Investorideas.com Newswire) - AirTouch Communications, Inc. (OTCBB: ATCH) (www.airtouchinc.com), which designs and markets wireless telecommunications devices, today announced that the company has been profiled by Josh Levine in his MicroCap Investor newsletter. The article is available at http://www.levinesmicrocapinvestor.com/.
The company's strategy is to capitalize on the accelerating trend of wireless rather than landline service in the U.S. and the growing wireless network around the world, particularly in regions of the globe that are underserved by landlines, such as the developing BRIC countries, Brazil, Russia, India and China, plus Latin America and Africa.
Mr. Levine states that AirTouch will offer devices capable of converging traditional landline, cellular and internet services to provide a gateway terminal for homes and small businesses. AirTouch owns patents that cover a combination of cordless telephone technology and wireless signal amplification.
AirTouch, which designs and markets wireless communication solutions using the cellular network, has developed a cordless phone that amplifies the signal up to 10 times that of a mobile phone. The advantages of a cordless phone with multiple handsets are combined with the benefits of a cellular phone for the home and small business. In addition to voice and text messaging, the AirTouch device provides the user with Internet access.
The company launched its first CDMA multiple handset, dual mode (cellular/landline) phone in 2010 for home and office and it has been increasing awareness and deployment through the Verizon Wireless independent seller network. The company has a strategic partnership with Brightpoint, its third largest shareholder.
AirTouch has set forth an aggressive strategy which includes building relationships to supply its innovative products to China Mobile, Telmex and TelCel/American Movil, some of the largest global telecommunications carriers, Levine said. In line with this strategy, the company has established a joint venture in Shenzhen, AirTouch China, hired David Lee as Head of Sales in China, Carlos Isaza as Head of Sales in Latin America and Tom Quan as EVP Global Sales & Marketing. In addition, AirTouch will be leveraging the capabilities of Elephant Talk Communications. Under this initial agreement, ETAK will provide a full Mobile Virtual Network Enabling (MVNE) system for AirTouch to launch its services in the U.S. Levine said.
Levine said that within 18 to 24 months, AirTouch expects to be able to roll out wireless triple-play services. Meanwhile, he said, the company is configuring its technology to run on a major mobile operating system. With a new OS in place, AirTouch will have the capability to develop many software services and enable a broad range of applications to be developed by third parties, built around AirTouch devices.
About AirTouch® Communications
AirTouch® Communications, Inc. is engaged in the development and marketing of patented telecommunications devices capable of converging voice, data, video, security, entertainment and other advanced communications services from various service providers on one piece of hardware. We currently hold three patents for our unique combination of cordless telephone technology and wireless signal amplification which enables consumers and business to access voice, data, and other applications and services over the cellular wireless network. For further information about AirTouch Communications, please visit the web site: www.airtouchinc.com.
Forward-Looking Statement
This press release contains forward-looking statements. These statements relate to future events or our future financial performance, including but not limited to statements regarding the success of our relationships with Brightpoint, Verizon Wireless and Elephant Talk, the future distribution and sale of our telecommunications devices to the Chinese market, the demand for our telecommunications devices in the U.S., China and other developing countries, and our ability to obtain purchase orders from carriers including Verizon Wireless, Telmex, or China Mobile. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements including but not limited to the absence of any purchase orders, agreements or commitments at this time on the part of any carrier to purchase our telecommunications devices, the risk that our telecommunications devices may not be accepted by the U.S. market and markets in other developing countries and those other risks set forth in our registration statement on Form S-1 filed with the SEC on September 29, 2011. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. We undertake no obligation to update any of the forward-looking statements after the date of this release to conform those statements to reflect the occurrence of unanticipated events or otherwise, except as required by applicable law.
CONTACT:
AirTouch(R) Communications, Inc.
Jerome Kaiser
CFO
(949) 825-6570
www.airtouchinc.com
Investor Relations:
Alliance Advisors, LLC
Thomas P. Walsh
212-398-3486
NEWPORT BEACH, CA - January 17, 2012 (Investorideas.com Newswire) - AirTouch Communications, Inc. (OTCBB: ATCH) (www.airtouchinc.com), which designs and markets wireless telecommunications devices, today announced that the company has been profiled by Josh Levine in his MicroCap Investor newsletter. The article is available at http://www.levinesmicrocapinvestor.com/.
The company's strategy is to capitalize on the accelerating trend of wireless rather than landline service in the U.S. and the growing wireless network around the world, particularly in regions of the globe that are underserved by landlines, such as the developing BRIC countries, Brazil, Russia, India and China, plus Latin America and Africa.
Mr. Levine states that AirTouch will offer devices capable of converging traditional landline, cellular and internet services to provide a gateway terminal for homes and small businesses. AirTouch owns patents that cover a combination of cordless telephone technology and wireless signal amplification.
AirTouch, which designs and markets wireless communication solutions using the cellular network, has developed a cordless phone that amplifies the signal up to 10 times that of a mobile phone. The advantages of a cordless phone with multiple handsets are combined with the benefits of a cellular phone for the home and small business. In addition to voice and text messaging, the AirTouch device provides the user with Internet access.
The company launched its first CDMA multiple handset, dual mode (cellular/landline) phone in 2010 for home and office and it has been increasing awareness and deployment through the Verizon Wireless independent seller network. The company has a strategic partnership with Brightpoint, its third largest shareholder.
AirTouch has set forth an aggressive strategy which includes building relationships to supply its innovative products to China Mobile, Telmex and TelCel/American Movil, some of the largest global telecommunications carriers, Levine said. In line with this strategy, the company has established a joint venture in Shenzhen, AirTouch China, hired David Lee as Head of Sales in China, Carlos Isaza as Head of Sales in Latin America and Tom Quan as EVP Global Sales & Marketing. In addition, AirTouch will be leveraging the capabilities of Elephant Talk Communications. Under this initial agreement, ETAK will provide a full Mobile Virtual Network Enabling (MVNE) system for AirTouch to launch its services in the U.S. Levine said.
Levine said that within 18 to 24 months, AirTouch expects to be able to roll out wireless triple-play services. Meanwhile, he said, the company is configuring its technology to run on a major mobile operating system. With a new OS in place, AirTouch will have the capability to develop many software services and enable a broad range of applications to be developed by third parties, built around AirTouch devices.
About AirTouch® Communications
AirTouch® Communications, Inc. is engaged in the development and marketing of patented telecommunications devices capable of converging voice, data, video, security, entertainment and other advanced communications services from various service providers on one piece of hardware. We currently hold three patents for our unique combination of cordless telephone technology and wireless signal amplification which enables consumers and business to access voice, data, and other applications and services over the cellular wireless network. For further information about AirTouch Communications, please visit the web site: www.airtouchinc.com.
Forward-Looking Statement
This press release contains forward-looking statements. These statements relate to future events or our future financial performance, including but not limited to statements regarding the success of our relationships with Brightpoint, Verizon Wireless and Elephant Talk, the future distribution and sale of our telecommunications devices to the Chinese market, the demand for our telecommunications devices in the U.S., China and other developing countries, and our ability to obtain purchase orders from carriers including Verizon Wireless, Telmex, or China Mobile. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements including but not limited to the absence of any purchase orders, agreements or commitments at this time on the part of any carrier to purchase our telecommunications devices, the risk that our telecommunications devices may not be accepted by the U.S. market and markets in other developing countries and those other risks set forth in our registration statement on Form S-1 filed with the SEC on September 29, 2011. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. We undertake no obligation to update any of the forward-looking statements after the date of this release to conform those statements to reflect the occurrence of unanticipated events or otherwise, except as required by applicable law.
CONTACT:
AirTouch(R) Communications, Inc.
Jerome Kaiser
CFO
(949) 825-6570
www.airtouchinc.com
Investor Relations:
Alliance Advisors, LLC
Thomas P. Walsh
212-398-3486
Nanotechnology Stocks; mPhase (OTC.BB:XDSL) Receives Refined Prototype of New Product Featuring Advanced Battery Technology From Renowned European Engineering Group
LITTLE FALLS, NJ - January 17, 2012 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB: XDSL.OB) today said that it has received refined prototypes of a new automotive and marine product featuring advanced battery technology from a renowned automotive engineering group in Europe.
The new product, featuring a small footprint, fast recharge times and a distinguished design, is expected to have broad appeal to both the OEM and aftermarket automotive and marine industry.
Internal performance and safety testing is underway. The product is expected to be unveiled in the first quarter of 2012.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery. In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website:
http://www.mpowertech.com. More information about the company can be found at http://www.mPhaseTech.com.
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
Contact:
973-256-3737
mPhase Technologies, Inc.
LITTLE FALLS, NJ - January 17, 2012 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB: XDSL.OB) today said that it has received refined prototypes of a new automotive and marine product featuring advanced battery technology from a renowned automotive engineering group in Europe.
The new product, featuring a small footprint, fast recharge times and a distinguished design, is expected to have broad appeal to both the OEM and aftermarket automotive and marine industry.
Internal performance and safety testing is underway. The product is expected to be unveiled in the first quarter of 2012.
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery. In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website:
http://www.mpowertech.com. More information about the company can be found at http://www.mPhaseTech.com.
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
Contact:
973-256-3737
mPhase Technologies, Inc.
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Monday, January 16, 2012
TSX Venture Gold Stock, Unigold Inc. (TSX-V: UGD.V) Soars on New Results
January 16, 2012 - Investorideas.com, a leader in sector research for independent investors including mining and energy stocks, reports on trading and news for TSX Venture gold stock, Unigold Inc. (TSX-V: UGD.V). The stock soared in today's trading following new results, including 73 m @ 2.36 g/t Gold, at Candelones Extension, Neita Property, Dominican Republic. The stock is trading at $0.2950, up 0.1250 (73.53%) 2:26PM EST on over 5 Million shares.
Unigold Inc.(TSX-V: UGD.V) announced additional results from the 2011 drilling program at its wholly owned Candelones Project, Neita Property in the Dominican Republic.
According to the Company, "Significant results are reported for drill holes LP17 and LP20. The holes were targeted to extend the known mineralization using Unigold's recently acquired IP survey, combined with improved geological knowledge. Assay results from the core obtained at the Candelones Extension (Lomita Pina) are reported in the table below. The best results are 73.0 m @ 2.36 g/t gold in hole LP17 and 20.0 m @ 2.74 g/t gold plus 37.0 m @ 1.48 g/t gold in hole LP20. The deposit remains open along strike in both directions and down dip."
www.unigoldinc.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
Source - Investorideas.com
800-665-0411
January 16, 2012 - Investorideas.com, a leader in sector research for independent investors including mining and energy stocks, reports on trading and news for TSX Venture gold stock, Unigold Inc. (TSX-V: UGD.V). The stock soared in today's trading following new results, including 73 m @ 2.36 g/t Gold, at Candelones Extension, Neita Property, Dominican Republic. The stock is trading at $0.2950, up 0.1250 (73.53%) 2:26PM EST on over 5 Million shares.
Unigold Inc.(TSX-V: UGD.V) announced additional results from the 2011 drilling program at its wholly owned Candelones Project, Neita Property in the Dominican Republic.
According to the Company, "Significant results are reported for drill holes LP17 and LP20. The holes were targeted to extend the known mineralization using Unigold's recently acquired IP survey, combined with improved geological knowledge. Assay results from the core obtained at the Candelones Extension (Lomita Pina) are reported in the table below. The best results are 73.0 m @ 2.36 g/t gold in hole LP17 and 20.0 m @ 2.74 g/t gold plus 37.0 m @ 1.48 g/t gold in hole LP20. The deposit remains open along strike in both directions and down dip."
www.unigoldinc.com
About InvestorIdeas.com: Big Ideas for small cap Investors
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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
Source - Investorideas.com
800-665-0411
Friday's NASDAQ Most Advanced; ZAGG, IDIX, BVSN, MNEL
POINT ROBERTS WA, January 16, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on the top five percentage gainers on the NASDAQ for Friday January 13th. The NASDAQ closed at 2710.67, down 14.03 or 0.51%. Markets are closed Monday, January 16th.
ZAGG Inc (NASDAQ:ZAGG) closed up at $ 8.10, up 0.97 13.60% on volume of 3,438,059 and continued its gains in after hours trading. On Wednesday last week the Company reported it introduced a new premium version of their patented film in the award-winning invisibleSHIELD® line at International CES 2012, called the invisibleSHIELD HD™. The new line offers industry-leading clarity and finish in a protective film, and is available online at ZAGG.com beginning January 12, as well as at ZAGG retail outlets, and through a select retail partner.
Idenix Pharmaceuticals, Inc (NASDAQ:IDIX) ended at $ 14.42, up 1.71 13.45%on 6,478,749 shares. The stock was up another 1.6% after hours. On January 9 th, the Company reported the advancement of its hepatitis C virus (HCV) development pipeline.
BroadVision, Inc. (NASDAQ:BVSN) finished the day at $ 17.59, up 2.04 13.12% on 300,415 shares, with a slight downtrend after hours. The Company announced that it will release its fourth quarter 2011 financial results on Thursday, January 26 at approximately 1:30PM Pacific Standard Time (PST).
Renewable energy stock, Mission NewEnergy Limited (NASDAQ:MNEL) closed up at $ 2.54, up 0.29 12.89%on 16,987 shares.
Array BioPharma Inc. (NASDAQ:ARRY) ended trading at $ 2.38, up 0.25 11.74% on volume of 832,017.
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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
POINT ROBERTS WA, January 16, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on the top five percentage gainers on the NASDAQ for Friday January 13th. The NASDAQ closed at 2710.67, down 14.03 or 0.51%. Markets are closed Monday, January 16th.
ZAGG Inc (NASDAQ:ZAGG) closed up at $ 8.10, up 0.97 13.60% on volume of 3,438,059 and continued its gains in after hours trading. On Wednesday last week the Company reported it introduced a new premium version of their patented film in the award-winning invisibleSHIELD® line at International CES 2012, called the invisibleSHIELD HD™. The new line offers industry-leading clarity and finish in a protective film, and is available online at ZAGG.com beginning January 12, as well as at ZAGG retail outlets, and through a select retail partner.
Idenix Pharmaceuticals, Inc (NASDAQ:IDIX) ended at $ 14.42, up 1.71 13.45%on 6,478,749 shares. The stock was up another 1.6% after hours. On January 9 th, the Company reported the advancement of its hepatitis C virus (HCV) development pipeline.
BroadVision, Inc. (NASDAQ:BVSN) finished the day at $ 17.59, up 2.04 13.12% on 300,415 shares, with a slight downtrend after hours. The Company announced that it will release its fourth quarter 2011 financial results on Thursday, January 26 at approximately 1:30PM Pacific Standard Time (PST).
Renewable energy stock, Mission NewEnergy Limited (NASDAQ:MNEL) closed up at $ 2.54, up 0.29 12.89%on 16,987 shares.
Array BioPharma Inc. (NASDAQ:ARRY) ended trading at $ 2.38, up 0.25 11.74% on volume of 832,017.
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.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
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Get Free investor news and stock alerts
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Join Investor Ideas Get 24/7 Login to 13 of the best stock directories online;
Research oil and gas stocks, gold stocks, water stocks, renewable energy stocks, tech and more . Join: http://www.investorideas.com/membership/
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
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