AGORACOM Small Cap TV - March 22nd- Highlights
posted on
Mar 22, 2012 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 March 22nd, 2012, and we’ve found 2 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 ... or click on the image below.
Advant-e Corporation Announces Financial Results for 2011
Advant-e Corporation (OTCBB: ADVC) today announced financial and operating results for the year ending December 31, 2011. The Company provides Internet-based Electronic Data Interchange services through Edict Systems, Inc. and sells electronic document management software and services through Merkur Group, Inc.
The Company reported revenue in 2011 of $9,588,535 compared to revenue of $9,302,611 in 2010, and reported net income for 2011 of $1,711,380, or $.026 per share, compared to $1,585,339, or $.024 per share, in 2010.
Consolidated revenue set a record, and increased by 3% over 2010. Consolidated net income set a record and increased by 8% over 2010. 2011 was the ninth consecutive year that the Company has reported a net profit. Net income from Edict Systems increased by 13%, and Merkur Group contributed net income of $170,392.
About Advant-e Corporation
Advant-e, via its wholly owned subsidiaries Edict Systems, Inc. and Merkur Group, Inc. is a provider of internet-based hosted Electronic Data Interchange (EDI) and electronic document management software and services. The Company helps businesses automate manual, paper-intensive processes via expanded use of EDI or by integrating directly with ERP/MRP systems.
Last Trade: 0.23552 Week: 0.30 – 0.03Market Cap: 15.68 Million
AutoInfo, Inc. Announces 2011 Year End Results
AutoInfo, Inc. (OTCBB: AUTO), a non-asset based third party logistics service provider, today announced results of its operations for the year ended December 31, 2011. The Company reported gross revenues of $320.0 million as compared with $279.7 million for the prior year. Income from operations was $6.4 million as compared with $5.7 million for the prior year. The Company reported net income of $3.6 million or basic earnings per share of $.11, as compared with $3.1 million or $.09 per share for the prior year.
AutoInfo, Inc. operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes our brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions.
Last Trade: 0.7052 Week: 0.88 – 0.49Market Cap: 23.85 Million
Magellan Expands Coringa Resource by 108% in the Measured and Indicated Category and 444% in the Inferred Category
Magellan Minerals Ltd. (TSX VENTURE:MNM) (OTCQX:MAGNF) ("Magellan")
is pleased to announce a National Instrument 43-101 compliant updated resource estimate for the Coringa Project, Para State, Brazil, which has been completed by independent consultants, Global Resource Engineering (GRE) Ltd.
Highlights include:-
--Total resources of 561,000 Measured and Indicated ounces of gold
representing 3.17Mt @ 5.50 g/t gold and 534,000 Inferred ounces of gold
representing 5.51Mt @ 3.02 g/t gold on an undiluted basis and using a 1
g/t gold cut-off
--An increase of 108% in the Measured and Indicated category and an
increase of 444% in the Inferred category. Measured and Indicated
resources for the three main zones have increased by 104% due to
additional intercepts on the lower portions of the structures. Inferred
resources for the three main zones have increased 273% due to additional
strike length of 3.8 km from step-out drilling
--Resources are contained within five areas which include Serra (42% of
Measured and Indicated, 19% of Inferred), Valdette (2% of Measured and
Indicated, 13% of Inferred), Meio - Come Quieto (42% of Measured and
Indicated, 35% of Inferred), Galena - Mae de Leite (15% of Measured and
Indicated, 14% of Inferred) and Demetrio (18% of Inferred)
--Using a 2g/t gold cut-off, resources total 516,000 ounces of gold in the
Measured and Indicated category representing 2.26Mt @ 7.22 g/t gold and
409,000 ounces of gold in the Inferred category representing 2.72Mt @
4.68 g/t gold
About the company
Magellan Minerals (TSX VENTURE:MNM) is a TSX Venture Exchange listed exploration and development company with a number of gold properties in the Tapajos Province of northern Brazil and is focused on the Cuiu Cuiu and Coringa projects.
Last: 0.435Range: 1.50-0.415Market Cap: 47.6 million
Pershimco Intercepts 41 Meters of 1.17% Copper in the Deepest Portion of a 200 Meter Hole Grading 0.44g/t Gold on LaPava
PERSHIMCO RESOURCES INC. (TSX VENTURE:PRO) (FRANKFURT:BIZ)
is pleased to announce recent drilling results of its on-going campaign with 41 meters of sulfides at 1.17% Cu on LaPava including 13 meters of 3.06% Cu and 0.92g/t Au. This copper intercept is located within a wider gold interval extending 200 meters from the surface and grading 0.44g/t in hole PDH11011. Gold and silver mineralization is present at depth within the copper mineralization.
The company intercepted gold in all holes recently drilled on LaPava. These holes contained significant gold mineralized lengths grading above 0.35g/t used previously as the cut-off grade for the first mineral resource calculation. The table below shows these recent intercepts at LaPava as part of Pershimco's ongoing exploration efforts. The success of this drilling at LaPava that includes the 98 meter oxide interval of 0.91g/t gold and 4.47g/t silver in hole PDH11010 should have a positive impact on the gold-in-oxide mineral resource. With this drilling, Pershimco continues to increase its understanding of the significant copper-gold-silver sulfide system below the gold-in-oxide cap. At LaPava, the deeper high sulfidation epithermal sulfide mineralization continues to expand in both vertical and lateral dimensions. Recent assay and observational results are helping to model the sulfide body and are beginning to show a zoned sulfide system with higher gold and silver values and the presence of covellite (copper sulfide) in copper-rich hydrothermal breccias associated with deeper, sub-vertical mineralized structures.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian-based resource and exploration corporation listed on the TSX Venture Exchange (symbol PRO.V) and the Frankfurt Exchange (symbol BIZ). The Corporation holds several mining properties in Canada and South America including the extraction permitted Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp, being explored in partnership with Osisko mining corporation. The Corporation is managed by skilled, reputable people with extensive mining exploration and development experience. The Pershimco Team and our investors are the key to our success.
Last: 1.35Range: 1.50-0.36Market Cap: 229 million