AGORACOM Small Cap TV - December 16th - Highlights
posted on
Dec 16, 2010 09:05AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s December 16th 2010, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
China Unitech Group, Inc. Expands its Footprint by Adding Five New Internet Cafes and Provides Guidance for 2010
China Unitech Group, Inc. ("China Unitech" or the "Company") (OTC Bulletin Board: CUIG), operating through Junlong Culture Communication Co. Ltd. ("Junlong"), a leading internet cafe chain operator in China, today announced that it has added five new internet cafes in Shenzhen, bringing the total number of internet cafes under the Company's operation to 48.
From October to December 2010, China Unitech added five internet cafes in Shenzhen with a total capital investment of $1.5 million. Comprised of 815.6 square meters on average, these internet cafes are located in Bao'an, Henggang, Pingshan, and Shajing, Shenzhen. With estimated average payback period of 2 years, management expects these stores to contribute an aggregate of approximately $2.4 million annually in total. Currently, one of the internet cafes is ready for operation, while the remaining ones are in the process of construction. China Unitech believes construction and renovation of the four other internet cafes will be completed by March 2011. For 2010, China Unitech expects to achieve approximately $ 19 million in revenue.
About China Unitech Group, Inc.
China Unitech Group, Inc. (http://www.chinainternetcafe.com) is the holding company of Classic Bond Development Limited. The Company operates through its variable interest entity, Junlong Culture Communication Co. Ltd. ("Junlong"), a leading internet cafe chain operator headquartered in Shenzhen, China. Established in 2003, Junlong is one of the five largest internet cafe chain operators in Shenzhen with 48 company-owned stores. Junlong's internet cafes are operated and managed under the Dragon Surf brand. Its robust system offers a one-stop entertainment and media venue for customers, including VoIP, instant messaging, online games, snacks and drinks. Its internet cafes are typically located in high traffic areas that target mature students and migrant workers.
Last Trade:0.8052 Week: 4.99- 0.011Market Cap: 16.16 Million
East Asia Deepens EMD024 and Reports 6.59 g/t Gold Over 60 Metres, Within 2.55 g/t Gold Over 201 Metres; Scout Drilling at Sipopok Hits Miwah-Type Horizon
East Asia Minerals Corporation (TSX VENTURE:EAS)
announces that drilling has extended EMD024, which previously ended in high-grade gold mineralization due to drill rig limitations.
EMD024 now reports 2.55 g/t gold over 201 metres, including 6.59 g/t gold over 60 metres, greatly increasing the thickness of the gold-bearing alteration package at the Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia.
In addition, drill holes EMD047 to EMD049 continued to expand the gold bearing Main Zone north towards Moon River and to the east. At Sipopok scout drilling has commenced and the targeted Miwah-type horizon has been encountered.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE:EAS) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being advanced to define NI43-101 compliant resources.
Last Sale:7.2552 Week Range:2.81 - 8.73Market Cap:547.31M
Otis Drills 87.8 Metres of 1.26 g/t Au Including 32.0 Metres of 3.46 g/t Au at Kilgore
Gold Corp. (TSX:OOO)
announce the receipt of additional significant drill results comprising potentially bulk-mineable, open-pittable intercepts from the third set of logged and processed holes of its 2010, 35-core hole, 6,657-metre, Kilgore Mine Ridge Gold Project ("Kilgore") drill program located in Clark County, Idaho.
Highlights, include intercepts of 87.8 metres (m) of 1.26 grams per tonne gold (g/t Au) that further includes 32.0 m of 3.46 g/t Au in hole 10 OKC-228, 45.7 m of 1.22 g/t Au in hole 10 OKC-226, 30.5 m of 1.28 g/t Au in hole 10 OKC-218, 30.5 m of 1.24 g/t Au in hole 10 OKC-227, and 27.5 m of 1.72 g/t Au in hole 10 OKC-245. All holes encountered mineralization and were drilled as infills or extensions of areas where historic wide-spaced drilling resulted in gaps and/or areas of open-ended mineralization.
About the Company
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho.
Last Sale: 0.6952 Week Range: 0.36 - 0.76Market Cap: 19.55M
Typhoon Exploration Inc Confirms a New High Grade Lens of 5.08 g/t Au Over 10.50 Metres at Fayolle
Typhoon Exploration Inc. (TSX VENTURE:TYP)
announces that it has received a new series of assay results from drilling on its 100%-owned Fayolle property. These drill results confirm the geological model and the consistency of the gold grade which was established by the Aurizon-Typhoon tandem. Twenty-six (26) diamond drill holes out of the thirty-nine (39) to be carried out permitted the discovery of several new mineralized lenses.
Highlights:
FA-10-20 has intersected 5.08 g/t Au over 10.50 metres with several gold specks observed within an intensely brecciated zone, including 7.11 g/t Au over 5 metres and 4.32 g/t Au over 4 metres.
FA-10-21 intersected 1.31 g/t Au over 44 metres including 3.9 g/t Au over 4 metres, 3.24 g/t Au over 8 metres, 3.12 g/t Au over 2 metres and 2.06 g/t Au over 3 metres.
FA-10-13 intersected 2.96 g/t Au over 13 metres including 9.9 g/t Au over 1.9 metres, 4.41 g/t Au over 7 metres and 2.07 g/t Au over 3 metres.
FA-10-14 intersected 10.75 g/t Au over 4 metres including 23.7 g/t Au over 1.0 metre.
FA-10-17 intersected 6.42 g/t Au over 1.7 metres including 14.4 g/t Au over 0.70 metres.
ABOUT TYPHOON EXPLORATION INC.
Typhoon targets Quebec's excellent mineral potential and favourable investment climate for the development of new world-class gold deposits. Typhoon is proud to count on reputable partners, such as Aurizon Mines Ltd. (www.aurizon.com). Their support, as well as that of its investors (which hold the 19,031,752 shares currently in circulation), contributes greatly to the success of the company.
Last Sale: 0.83Range:1.71-0.15Market Cap: 11.71M
XZERES Acquires First Three Micro-Generation Utility Customers -- Minimum of $1.1Million in Combined Contract Value
XZERES Wind Corporation (PINKSHEETS: XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), announced today the signing of the first three customers under the Company's recently launched Micro-Generation Utility model. Representing three separate contracts, the minimum total combined dollar value is expected to total approximately $1.1 million.
These initial contracts demonstrate the diversity of customers to which this compelling new program appeals: one of the largest dairy farms in Tillamook, Oregon, a large dairy farm in Astoria, Oregon and a construction consulting firm in Southern California will install a total of 14 XZERES 442 10kW small wind power systems. The installed systems will provide a significant portion of each customer's energy needs with clean, renewable energy for a price less than the customer's local utility rates over the life of the equipment.
"The signing of our first Micro-Generation Utility customers less than a month after we launched the program is a testament to the success of this unique business model. We have created a highly economical and mutually beneficial energy delivery solution," said Frank Greco, XZERES' CEO.
XZERES' Micro-Generation Utility model was designed to enable XZERES to serve as an energy provider much like a utility. This innovative financing model offers residential and commercial customers a hedge against volatile electricity rates for 20+ years and provides XZERES with a long-term recurring revenue stream.
About XZERES Wind Corp.:
XZERES Wind Corp. designs, develops, manufactures and markets distributed generation, wind power systems for the small wind (2.5kW-100kW) market. Our grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10 kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications.
Last Sale: 1.80Range: 0.50 - 5.35Market Cap: 23.90M