AGORACOM Small Cap TV - April 18th - Highlights
posted on
Apr 18, 2011 09:30AM
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 April 18, 2011, and we’ve found 12 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.
PC Gold Announces Initial 1.26 Million Ounce Gold Resource for Pickle Crow
PC Gold Inc. (TSX:PKL)
is pleased to announce the first National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate for the Company's Pickle Crow gold mine property in northwestern Ontario, Canada.
The resource estimate was prepared by Fladgate Exploration Consulting Corporation and audited and approved by Micon International Limited ("Micon"). The resource estimate is entirely classified as inferred mineral resources and totals 10,150,000 tonnes averaging 3.9 g/t Au for 1.26 million ounces of contained gold (cut and diluted), comprising both potential underground and open pit mineable mineralization as shown in Table 1:
TABLE 1: PICKLE CROW INFERRED MINERAL RESOURCES – APRIL 18, 2011 |
||||||
Pickle Crow Mine |
Category |
Grade |
Tonnes |
Ounces |
Cut-off Grade |
Percentage of Total Ounces |
Total |
Underground |
5.4 |
6,522,000 |
1,136,000 |
2.25* |
90 |
Total |
Open Pit |
1.1 |
3,628,000 |
126,000 |
0.35 |
10 |
Grand Total |
|
3.9 |
10,150,000 |
1,262,000 |
|
|
About the company
PC Gold holds 100% ownership of Pickle Crow, one of Canada’s best known past producing gold mines, located in northwestern Ontario in a belt of rocks well known for its rich gold deposits. The Company believes there is considerable gold left in place within or close to the mine, and a major exploration program is unfolding with the objective of quantifying what remains, and making new discoveries.
Last Sale: 1.07 52 Week Range: 0.62 - 1.67 Market Cap: 70.83M
Scorpio Mining Reports Record Quarterly Production in First Quarter 2011
TSX:SPM
Parviz Farsangi, President and CEO, reports: "First quarter 2011 was a record production quarter for Scorpio Mining. The Nuestra Señora operation overcame some set-backs to produce better than forecasted overall metal. Combined with the current high metal price environment and cash proceeds of $5,171, 695 from sale of over 8.1 million shares of Scorpio Gold during the quarter, we are well placed to eliminate our debt during the coming month. Nuestra Señora has now delivered solid performance in two consecutive quarters and we are confident that our 2011 commitments will be met."
First Quarter Production - 2011
About the company |
Located in the Cosalá district of Sinaloa State, Mexico, Nuestra Señora has proven to be a low-cost operation with the benefit of flexible mining methods and diversified metal production.
Last : 1.43Range: 1.65-0.61Market Cap:: 269Million
Goldrush Intersects 1.82 g/t Gold Over 37 Metres, Including 2.95 g/t Au Over 16 Metres in Step-Out Drilling at Ronguen Gold Deposit, Burkina Faso
Goldrush Resources Ltd. (TSX VENTURE:GOD)
President & CEO Len Brownlie, Ph.D is pleased to report assay results from the first 15 holes of a Reverse Circulation ("RC") drilling program on the Company's Ronguen Gold Deposit (249,000 ounce inferred resource of 5.9 million tonnes at a grade of 1.31 g/t Au) in Burkina Faso, West Africa. The highlights of the drilling results are RC holes KGRR011-116 and 117 that were drilled on the new North Zone:
* 1.82 g/t Au over 37 metres, including 2.95 g/t Au over 16 metres in hole KGRR011-116 centered at a vertical depth of 20.5 metres
·1.87 g/t Au over 13 metres in hole KGRR011-117 centered at a vertical depth of 22.5 metres
About the company
Goldrush Resources Ltd. is a publicly-owned, junior mineral resource exploration company listed on the TSX-V exchange. It is exploring for gold in the West African country of Burkina Faso where it holds 8 highly prospective permits covering 1,340 sq. km. The Company's permits are all located within the West African Birimian Greenstone Belts having a prolific history of gold production in this area of the world.
Last Sale: 0.17 52 Week Range: 0.07 - 0.30 Market Cap: 12.79M
Rouchon Industries Receives Editor's Choice Award from TweakTown for New Polaris 120 Heatsink for Intel® and AMD® Processors.
Rouchon Industries Inc., (PINK SHEETS:RCHN) dba Swiftech, a leading producer of advanced air and liquid cooling solutions for the IT industry, is pleased to announce that it has received the much sought after TweakTown.com Editor's Choice Award for its newly launched (air cooling system) Polaris 120 Heatsink for Intel(R) and AMD(R) processors.
The 7 page intensive review analyzed every aspect of our product including:
* Specifications, Availability and Pricing
* Packaging
* The CPU Cooler
* Accessories and Documentation
* Test Results
In giving the award, TweakTown concluded the review as follows:
"Swiftech not only offers you great results, an attractive cooler, and a more attractive price, they do it in the least amount of room as needed to get the job done … Well worth every penny … I am telling everyone to buy the Swiftech Polaris 120 … These reasons are why I gave Swiftech the Editor's Choice Award"
Gabriel Rouchon, Chairman of the Company, stated, "The Polaris Heatsink is the cornerstone of our re-entry in the air cooling business. We are elated with the TweakTown.com review and Editor's Choice Award. With TweakTown.com being a major opinion maker in our business, their bestowed distinction will give us a jump-start on marketing our product to customers around the world."
About Rouchon Industries Inc (dba, Swiftech) (PINK SHEETS:RCHN)
Swiftech offers a wide variety of advanced air and liquid cooling solutions for the IT industry, and is working with leading OEM's, semi-conductor and PC manufacturers as well as a network of over sixty leading distributors worldwide. The principal business of Swiftech is the development, manufacturing, and sales of thermal management products.
Last: 0.05Range: 0.10-0.0005Market Cap: 1.13 million
Anhui Taiyang Poultry Announces 2010 Year End Financial Results
("Anhui Poultry" or the "Company"), a vertically integrated duck breeder, processor and distributor, today announced financial results for Anhui Taiyang Poultry Co., Inc. (OTCBB: DUKS) the year ended December 31, 2010.
Financial Highlights for the Twelve Months Ended December 31, 2010
Revenue increased 44% year-over-year to $41.7 million.
Gross profit rose 119% to $9.2 million; gross margin totaled 22%, versus 15% a year ago.
Operating profit increased 39% to $3.9 million.
Adjusted net income (non GAAP) totaled $7.1 million (see GAAP to non-GAAP reconciliation attached to this press release).
Net income increased 73% to $4.3 million, versus $2.5 million in 2009.
About Anhui Taiyang Poultry Company:
Anhui Poultry, founded in 1996, raises, processes and markets ducks and ducks related food products through three business lines. Anhui Poultry specializes in the breeding, hatching and cultivation of ducklings for resale and processing by its food processing unit, production of duck feed for internal use and external sales, and processing of commercial ducks into frozen raw food product for commercial resale. Current production unit capacity includes 100,000 tons of feed, 600,000 parent duck seedlings, 30 million commercial duck seedlings, and processing capacity of 15 million ducks. Strategically located in Ningguo City, Anhui Province, China,
Last Trade: 1.5052 Week: 2.96 – 1.50Market Cap: 14.33 Million
MusclePharm Announces Preliminary First Quarter 2011 Results
MusclePharm Corporation, a Nevada corporation ("MusclePharm" or the "Company") (OTCBB: MSLP), an expanding U.S. nutritional supplement company, is pleased to announce MusclePharm's preliminary financial results class="itxtrst itxtrstimg itxthookicon" v:shapes="itxthook0icon"> for the first quarter ending March 31, 2011.
On a preliminary basis, the Company expects unaudited gross revenues for the three months ended March 31, 2011 of approximately $3,400,000, an increase of approximately 272% as compared to gross revenues of $1,258,588 during the corresponding three month period ended March 31, 2010.
Gross Margins for the first quarter of 2011 are expected to have increased to approximately 40% or $1,360,000.00, as compared to gross margins of approximately 30% or $380,000 in the first quarter of 2010.
ABOUT MUSCLEPHARM CORPORATION
Headquartered in Denver, Colorado, MusclePharm is a healthy life-style company that develops and manufactures a full line of National Science Foundation approved nutritional supplements that are 100% free of banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than one hundred elite professional athletes from various professional sports leagues including the National Football League, Mixed Martial Arts, and Major League Baseball.
Last Trade: 0.08152 Week: 1.18 – 0.032Market Cap: 10.56 Million
Commerce National Bank Announces 1st Quarter 2011 Results
Commerce National Bank ("the Bank") (OTCBB: CNBF), a community business bank in its eighth year of operation, announced its financial results for the quarter ended March 31, 2011.
For the quarter ended March 31, 2011, the Bank reported a net profit of $236 thousand, or $0.09 per diluted share, compared to a net profit of $9 thousand, or less than $0.01 per diluted share, for the quarter ended March 31, 2010.
The Bank's total assets as of March 31, 2011 increased $59.3 million, or 24.4%, to $301.9 million from $242.6 million at March 31, 2010. Net loans at March 31, 2011, increased $26.2 million, or 20.8%, to $152.6 million from $126.3 million at March 31, 2010. Total deposits increased $60.7 million, or 30.5%, to $259.9 million at March 31, 2011, compared to $199.2 million at March 31, 2010.
About
With its headquarters office in Newport Beach near John Wayne airport, the Bank is well positioned to serve businesses, professionals and selected real estate customers throughout Orange County. The Bank is staffed by experienced business bankers who are committed to providing exemplary service to their customers in the business community.
Last Trade: 8.5052 Week: 10.20 – 4.65Market Cap: 22.62 million
SHENYANG, China, April 18, 2011 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. ("A-Power," Nasdaq: APWR), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, today announced that on April 13, 2011, it signed a Memorandum of Understanding ("Memorandum") with Liaoyuan Zhongneng Electrical Equipment Ltd., for an engineering, procurement, and construction contract to develop a combined heat and power generation plant consisting of two 25 megawatt power generation units.
The plant, to be located in the city of Huinan in the Jilin province of China, will provide both heat and electricity to the local economic and technology development district. The total cost of the project is currently estimated to be approximately US$75 million, according to the Memorandum.
About A-Power
A-Power Energy Generation Systems, Ltd. ("A-Power"), through its China-based operating subsidiaries, is a leading provider of distributed power generation systems in China and is expanding into the production of alternative power generation systems. Focusing on energy-efficient and environmentally friendly distributed power generation projects of 25 to 400 megawatts, A-Power also operates one of the largest wind turbine manufacturing facilities in China. A-Power acquired Evatech Co. Ltd., a designer and manufacturer of industrial equipment for amorphous-silicon photovoltaic panels, in January 2010, and acquired Hallys Corporation in May 2010.
Last Trade: 4.0952 Week: 11.15 – 4.00Market Cap: 189.63 Million
Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI - News) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, announced today signing a contract of approximately US$ 24.30 million to supply its 200-250km/h high-speed rail ATPs to various local bureaus of Ministry of Railways of China. The delivery is expected to be completed by the end of May 2011.
The on-board signaling equipment ATP (Automatic Train Protection) works together with the ground-based signaling equipment TCC (Train Control Center), as the crucial control elements in the high-speed railway signaling systems to ensure the safety and reliability of the high-speed railway traffic and operation.
About Hollysys Automation Technologies, Ltd.
Hollysys Automation Technologies is a leading provider of automation and control technologies and applications in China that enables its diversified industry and utility customers to improve operating safety, reliability, and efficiency. Founded in 1993, Hollysys has approximately 3,000 employees with nationwide Presence in 29 cities in China and serves over 1700 customers in the industrial, railway, subway & nuclear industries. Its proprietary technologies are applied in product lines including Distributed Control System (DCS) and Programmable Logic Controller (PLC) for industrial sector, high-speed railway signaling system of TCC (Train Control Center) and ATP (Automatic Train Protection), subway supervisory and control platform (SCADA), and nuclear conventional island automation and control system.
Last Trade: 11.6352 Week: 18.149 -7.8675Market Cap; 623.3 Million
Link to HUBHARBIN, China, April 18, 2011 /PRNewswire-Asia-FirstCall/ -- China Education Alliance, Inc. ("China Education Alliance" or the "Company") (NYSE:CEU - News), a China-based education resource and services company, today announced fourth quarter and fiscal 2010 results. The Company will host a conference call on Tuesday, April 19, 2011, at 8 a.m. EDT or 8 p.m. Beijing time.
Financial Highlights for the Fourth Quarter ended December 31, 2010
Financial Highlights for Fiscal 2010
About China Education Alliance, Inc.
China Education Alliance, Inc. (http://www.chinaeducationalliance.com) is a fast-growing, leading, China-based company offering high-quality education resources and services to students ages 6 to 18 and adults (university students and professionals) ages 18 and over. For students ages 6 to 18, China Education Alliance offers supplemental, online exam-oriented training materials and onsite, exam-oriented training and tutoring services.
Last Trade: 1.5052 Week: 5.80 – 1.07Market Cap: 46.88 Million
Emerald Dairy, Inc. (OTC Bulleting Board: EMDY) ("Emerald Dairy" or "the Company") a leading producer and distributor of infant and children's formula products, today announced financial results for its fourth quarter ended December 31, 2010.
Fourth Quarter 2010 Results |
||||
Q4 2010 |
Q4 2009 |
CHANGE |
||
Net Sales |
$ 14.8 million |
$ 13.4 million |
10.0% |
|
Gross Profit |
$ 7.0 million |
$6.5 million |
8.0% |
|
GAAP Net Income |
$ 2.7 million |
$ 0.5 million |
432% |
|
EPS (Diluted) |
$0.08 |
$0.01 |
458.4% |
|
Adjusted Net Income* |
$ 2.5 million |
$1.9 million |
31.6% |
|
Adjusted EPS* |
$0.06 |
$0.03 |
100.0% |
About Emerald Dairy
Through its wholly-owned operating subsidiaries, Emerald Dairy, Inc. is a producer and distributor of infant and children's formula, milk powder and soybean products in the People's Republic of China. The Company's products are sold under two brand names -- "Xing An Ling," designed for middle and high-end customers, and "Yi Bai," designed for low-end customers. Emerald Dairy's products are distributed throughout 20 provinces in mainland China and sold in over 6,500 retail points.
Last Trade: 0.9052 Week: 1.52 – 0.60Market Cap: 30.63 Million