Blog - Page 3916 of 5757

TuesdayMay 04, 2010 9:15 am

Vena Resources Inc. (VEM.TO) (VNARF.PK) Teams with Trafigura to Support Azulcocha Mine Efforts

Vena Resources Inc., a leading Canadian mining company focused on Peru, yesterday announced an agreement with privately held international commodity trader Trafigura Beheer B.V. to put the Azulcocha Zinc Mine in production. Per the agreement, Trafigura will invest US$5 million to acquire a 30% stake in a Peruvian subsidiary of Vena, to be formed, valued at US$17 million. Today’s announcement regarding the Azulcocha project correlates with Vena's plans to fully finance an initial 1,000 tpd mining operation. "We believe that together with Trafigura we can substantially increase the amount of known resources/reserves in a short term. It is important to…

TuesdayMay 04, 2010 9:11 am

Nortel Networks Corp. (NRTLQ.PK) Breaks New Ground with Business Collaboration Application

In a short period of time, Nortel has evolved into a recognized leader in the Carrier VoIP space, having shipped more than 123 million Carrier VoIP and Multimedia ports, including over 11 million SIP lines, to leading wireline and wireless carriers globally. Today, Nortel took a major step towards enhancing their future announcing that they added a new web-based UC collaboration application to its industry-leading Hosted IP Communications Solution. The new application was unveiled at the ITPX event in Las Vegas (booth #209) and will enable service providers to increase subscriber productivity and generate incremental revenues by allowing users to…

TuesdayMay 04, 2010 8:29 am

KAT Exploration Inc. (KATX.PK) Video Chart for Tuesday, May 4, 2010

Yesterday KATX started a push and looks as if it is now going to make a run at resistance and attempt to make a new all-time high. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=389 Let us hear your thoughts below:

MondayMay 03, 2010 2:23 pm

National Investment Managers (NIVM.OB) Posts FY 2009 Financials

National Investment Managers Inc., a nationally based and regionally operated retirement plan administration and investment management company, today posted its 2009 revenue and earnings. The company reported full-year revenues of $48.1 million in 2009, up 15.5 percent compared to revenues of $41.7 million for 2008; full year EBITDA SBC was $9.1 million, up 14 percent compared with EBITDA SBC of $8.0 million in the same period in 2008; net operating income for 2009 was reported at $1.4 million compared to approximately $62,000 for the full year 2008. The company reported a net loss for the year ended December 31, 2009,…

MondayMay 03, 2010 1:59 pm

Pope Resources (POPE) Reports Higher Net Income in First Quarter of 2010

Pope Resources reported net income of $0.45 million, or $0.10 per diluted unit, in the first quarter of 2010, compared to a net loss of $0.12 million, or $0.03 per diluted unit, in the same quarter of 2009. The management of Pope Resources indicated that the domestic housing market was still weak, but that domestic and export markets for logs were seeing some strength in orders. David L. Nunes, the CEO of Pope Resources, said, “Despite continued weak domestic housing starts, we were encouraged by improving market dynamics in both domestic and export log markets.” Pope said that the company…

MondayMay 03, 2010 1:55 pm

Vanguard Natural Resources, LLC (VNR) Reports Higher Net Income for First Quarter of 2010

Vanguard Natural Resources, LLC reported net income of $21.7 million, or $1.15 per basic unit, in the first quarter of 2010. The company reported a loss of $50.0 million, or $3.98 per basic unit, in the same quarter of 2009. Vanguard Natural Resources, LLC reported average production of 26.06 million cubic feet equivalent per day in the first quarter of 2010, an increase of 46% from the average of 17.82 million cubic feet equivalent per day in the first quarter of 2009. The company said that increase in production on a year over year basis was due mainly to an…

MondayMay 03, 2010 1:43 pm

KAT Exploration, Inc. (KATX.PK) Accepts Drill Contract Tender in Newfoundland

KAT Exploration, Inc. announced this morning that it has accepted a drill contract tender from Cabo Drilling to drill 15 holes of 1200 meters. The drilling will take place on KAT’s Handcamp property in Newfoundland and is scheduled to commence on the second week of May. Cabo Drilling Corp. is an international mineral and specialty drilling services provider headquartered in North Vancouver, British Columbia with division offices in key mining districts across Canada and internationally. Cabo Drilling (Atlantic) Corp. is based in Springdale, Newfoundland. KAT announced previously in a press release on March 1, 2010 that they have discovered significant…

MondayMay 03, 2010 12:29 pm

National Automation Services, Inc. (NASV.PK) Positioned to Dominate National Automation System and Control Industry

National Automation Services, Inc. is a holding company headquartered in Henderson, Nevada and renowned as a systems integrator in the industrial controls marketplace (i.e., a producer of electrical control systems from design to implementation) which is squarely focused on a unique growth-by-acquisition strategy developed along guidelines which ensure success by meeting the Company’s optimum goal of having six, high-caliber regional leaders in its portfolio by the end of this year. Pursuant to this agenda, NASV is rigorously vetting a multiplicity of potential opportunities, including strategic businesses, services or technologies which will allow the company to seize efficiency optimizations and fully…

MondayMay 03, 2010 12:25 pm

Chemical Financial Corp. (CHFC) Finalizes O.A.K. Financial Corporation Acquisition

Chemical Financial Corp., the bank holding company with 144 offices in 32 of Michigan’s counties – where it is the third largest bank holding company by size – disclosed details today regarding the Apr. 30 finalization of the Company’s acquisition of the O.A.K. Financial Corporation (OAK, the holding company for Byron Bank). The close of the transaction sees CHFC standing with assets totaling $5.1B and loans to $4.2B, having issued some 3,530,129 of common stock to former OAK shareholders and converting to CHFC all outstanding OAK stock options (estimated fair value ~$100k). As of Mar. 31 Byron Bank had assets…

MondayMay 03, 2010 12:24 pm

TPC Group, Inc. (TPCP.PK) to Commence Trading on the NASDAQ Capital Market

Houston-based TPC Group Inc. has an operating history of nearly 70 years. The company is a leading producer of value-added products derived from niche petrochemical raw materials. TPC Group sells its products and services into a wide range of performance, specialty and intermediate markets. These markets include synthetic rubber, fuels, lubricant additives, plastics and surfactants. As North America's largest producer of finished butadiene and the largest producer of butene-1, companies around the globe rely on TPC Group as a dependable supplier for hydrocarbon processing and other specialty chemicals. The company is also the sole producer of chemical grade disobutylene in…

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