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FridayNov 26, 2010 5:21 pm

Maxim Resources Inc. (MXM.V) Receives Letter of Intent from Jasmin Oil & Gas Limited

Maxim Resources Inc. released news earlier this week that it has received a Letter of Intent from Jasmin Oil & Gas Limited. The LOI outlines a plan for Maxim to acquire 100% Jasmin’s shares. Maxim and Jasmin will enter into definitive agreements prior to the removal of the LOI’s conditional clauses. The ensuing agreements will then be subject to the approval of the TSX Venture Exchange, (TSXV). Finder's fees may be payable in accordance with the TSXV policies as well. Maxim presently has a 69% Net Revenue Interest in exploration and production of Jasmin within the1,350-acre South Erin Block. After…

FridayNov 26, 2010 5:18 pm

CNinsure, Inc. (CISG) Anticipates Continued Growth through Strategic Acquisition

CNinsure Inc. is a Guangzhou-based independent insurance intermediary company that distributes a variety of property and casualty insurance products in China. The company also offers insurance claim adjusting services, including assessment, survey, authentication and loss estimation for individuals and institutions. Founded in 1998, the company has worked to establish a distribution and service network across China that includes 55 affiliated insurance intermediary companies, 47 of which are insurance agencies, four that are insurance brokerages and four that are insurance adjusting companies. The company utilizes a sales force of more than 36,000 sales representatives that comprise a network reaching 23 provinces…

FridayNov 26, 2010 5:16 pm

Warren Resources, Inc. (WRES) to Present at Southcoast Energy Conference

Warren Resources Inc., an independent energy company engaged in the exploration and development of domestic onshore oil and natural gas reserves, announced recently that the company will present at the Capital One Southcoast 2010 Energy Conference in New Orleans on December 7, 2010. Timothy Larkin, Warren’s Executive VP and CFO, along with David Fleming, its Sr. VP and General Counsel, will make the presentation, a copy of which will be available on the company website (www.WarrenResources.com) beginning Monday, December 6. Warren Resources uses advanced technologies to systematically explore, develop, and produce domestic on-shore oil and natural gas reserves. Although the…

FridayNov 26, 2010 9:07 am

Zentric, Inc. (ZNTR.OB) Announces Appointment of Lee Harrison as Executive Advisor

Zentric, Inc. announced this morning that it has appointed Lee Harrison as an advisor. Spending many years in senior roles in various telecom organizations, including Bell Canada and Smart Talk Network, he also founded a successful prepaid telecom startup, CAI, which he later sold to a subsidiary of AT&T. Currently, he owns and runs a business development company, Convergent Thinking Inc. (CTI). CTI’s clients have included Rogers Communications Inc., Fonorola, Siemens Worldwide, DataCom, DTE Energy Technologies, Dtechs, Olameter, TransPrairie Energy Management, Direct Energy, SmartSynch, CanJet, SAS, Quadrant, Jomini International, Pan Caribbean Energy and Secure Electrans. In addition to North America,…

FridayNov 26, 2010 5:56 am

Commerce Resources Corp. (CMRZF.PK) Reports Results of Drilling Test in Canada

Commerce Resources Corp. reported that the company has received results from mineral tests conducted at two drill holes on the company’s properties in Canada. Commerce Resources Corp. drilled the EC10-046 and EC10-047 holes into the Ashram Rare Earth Element Zone at the Eldor Project in Quebec, Canada. The company said that the results of the two drill holes indicated the presence of heavy rare earth element mineralization at the site. Commerce Resources Corp. said that the recent drilling holes and other exploratory work at the site have established a 650 meters by 35 meters zone of heavy rare earth element…

WednesdayNov 24, 2010 4:26 pm

RiT Technologies Ltd. (RITT) Inks Strategic Agreement with Adwest Communications to Extend Market Reach

Infrastructure management company RiT Technologies today announced its agreement with Adwest Communications Ltd., a Kenya-based provider of advanced communications network solutions, in which Adwest will distribute RiT’s solutions to customers throughout East Africa. The agreement reflects RiT’s business strategy to increase its local representation and expand its reach into rapidly growing markets. Adwest’s market experience and network is expected to support and enhance RiT’s expansion efforts. Paul Makobi, general manager of Adwest, noted RiT’s valuable solutions applicable to a variety of enterprises. "With an extensive range of industry-leading products - all the way from high-quality cables to sophisticated Intelligent Infrastructure…

WednesdayNov 24, 2010 2:43 pm

AUXILIO, Inc. (AUXO.OB) Expands Contract Adding Three Hospitals and Further Notoriety

AUXILIO, Inc., the nation’s pioneering Managed Print Services (MPS) company focused on the health care industry, recently announced an expansion of its MPS contract with Sutter Health’s California Pacific Medical Center (CPMC) to include the remainder of Sutter’s West Bay Region, which includes Sutter Medical Center of Santa Rosa, Sutter Lakeside Hospital, Sutter Novato Medical Campus and the Sutter Pacific Medical Foundation. According to company, the expanded relationship is a direct result of the confidence earned over the last five years by successfully executing a print services program at CPMC. Sutter Health is one of the country's largest community-based non-profit…

WednesdayNov 24, 2010 1:38 pm

IDO Security, Inc. (IDOI.OB) Goes To China

When IDO Security first developed MagShoe™, the foot level security scanning device that eliminates the need for passengers to remove their shoes, it's doubtful that anyone in or out of the company fully anticipated the level of interest around the world that would be generated. And now, based upon growing demand in the area, the company is traveling to China to train distributors on the latest iterations of MagShoe. The International Marketing Manager for the company, Dani Werber, said of the trip, “We are most excited to be able to introduce our new state of the art models to the…

WednesdayNov 24, 2010 9:44 am

Hotel Outsource Management International, Inc. (HOUM.OB) to Supply Major New Luxury Hotel in Israel with its Computerized Minibars

Hotel Outsource Management International, www.my-homi.com – a multi-national provider of computerized minibars and associated services, reported signing of an Outsourcing Agreement today which will see the Company’s HOMI® 232 Computerized Minibar installed in the luxurious new Isrotel Beresheet Hotel. The Isrotel Beresheet is scheduled to open next year in March/April at a premiere location in Mitzpe Ramon, Israel and will offer unique leisure resort features to its guests, cleverly leveraging the nearby Ramon Crater and Negev desert attractions as well. The beautiful 112 room hotel is designed to offer the pinnacle of service and accommodations. It is of no surprise…

WednesdayNov 24, 2010 9:41 am

Entrée Gold Inc. (EGI) Reports Successful Assay Tests on Nevada Properties

Entrée Gold Inc. reported that the company has received positive test results indicating the presence of copper on two of its mining properties in Nevada. The company has decided to conduct additional exploration activities in these areas. Entrée Gold Inc. conducted assay tests in the Yerington district, where the company has interests in the Blackjack and Roulette properties. At the Blackjack property, Entrée Gold Inc. drilled seven exploration holes totaling 2,820 meters. The results of the assay tests indicate the presence of oxide copper mineralization on the property. Entrée Gold Inc. believes that this is a continuation of the Blue…

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