Posted by BullQuake on May 16, 2012 · Leave a Comment
608, 1199 West Pender Street
Vancouver, BC V6E 2R1
Tel: (604)687-0300 Fax: (604) 687-0151
www.passportpotash.com
PASSPORT POTASH INC.
(TSX.V – PPI)
Jerry Aiken Joins Passport Potash Board ofDirectors
VANCOUVER,BRITISH COLUMBIA–(Marketwire – May 16, 2012) - Passport Potash, Inc. (TSXVENTURE:PPI)(OTCQX:PPRTF) is pleased to announce the appointment ofprofessional geologist Jerry Aiken to the Company’s Board of Directors.
Mr. Aiken has more than 41 years ofexperience in mineral exploration involving base metals, precious metals, andindustrial minerals. He has beeninvolved in project generation, geologic mapping, geochemical evaluation, drillprogram supervision, and regional program management throughout the westernUnited States, Canada, Mexico, South America and parts of Europe.
Since 2005, Mr. Aiken has been working asa consulting geologist involved in the evaluation of mineral properties and thewriting and reviewing of NI 43-101 technical reports and PFS/FS technicalreports. Prior to beginning work as aconsulting geologist, Mr. Aiken worked for 29 years for US Borax (Rio TintoExploration) (“Borax”) in Tucson, Arizona and Valencia, California. Before focusing his career in borates, potashand lithium he worked for five years for ASARCO Exploration beginning in1970. Mr. Aiken has conducted andimplemented exploration programs for borates, potash, lithium and otherindustrial minerals.
A review of Mr.Aiken’s potash experience, beginning in the mid-1970s, shows that he hasevaluated several potash holdings and mines located in the Carlsbad district,New Mexico, and the Paradox Basin, Utah. His experience in that regard resultedin his evaluating the brine potential in the Paradox Basin.
Subsequent to hiswork in the Paradox Basin Mr. Aiken evaluated potash projects in the SouthAmerican Alta Plano and a number of brine projects for potash and other industrialminerals. In addition to his potashevaluation, several ‘hard rock’ projects were evaluated by Mr. Aiken in bothSouth America, (Argentina) and North America (both in the US and Canada).
Mr. Aiken graduatedin 1966 with a Bachelor of Science degree in Geology from Western MichiganUniversity. He also completed coursework in the MastersProgram in Exploration Geology from the University of Idaho. Mr. Aiken is aRegistered Professional Geologist in the State ofWashington.
PassportPotash President and CEO Joshua Bleak commented: “We are happy to welcomeJerry Aiken to our Board. We have beenworking with Jerry as a consultant since the beginning of this year and hisinput has been invaluable. Hissignificant experience in the potash industry provides a huge benefit to theCompany. We look forward to workingtogether with Jerry on movingthis project forward.”
The Company further announces that it hasreceived notice of resignation from Stephen Butrenchuk as a Director andQualified Person of the Company. TheBoard of Directors would like to thank Mr. Butrenchuk for his services.
The Company also announces that Mr. Tim Henneberry, a memberof Passport’s advisory board, is now serving as its Qualified Person.
About the Holbrook Potash Project
PassportPotash Inc. is a TSX-listed resource company engaged in the exploration anddevelopment of advanced potash properties. Passport has acquired a strategicposition in the Holbrook Basin with land holdings encompassing over 86,000acres. In addition, Passport has a cooperative agreement with the Hopi Tribe,allowing the company to access and conduct certain exploration activities on anadditional 12,853 acres of privately held Hopi land (not reservation) whileallowing the tribe to share in the study results. For more informationregarding the Holbrook Basin, see
http://www.azgs.az.gov/arizona_geology/Summer%2008.pdf orvisit our website at www.passportpotash.com
Quality Assuranceand Quality Control
The standard operatingand quality assurance procedures followed by Passport Potash employees havebeen instituted to make sure that all sampling techniques and results meetinternational reporting standards. Coring starts when the first significant gypsum interval (Upper SupaiFormation) is intersected. Informationabout the drill holes and the on-site core descriptions are conducted accordingto international standards (depth intervals, recovery %, lithology, structure,alteration, rock type, weathered profile, sample intervals, remarks). Onsite field geologists collect the cuttings,bag and label them and place a small sub-sample into a chip tray for furthertreatment. Directly after beingretrieved the cores are measured, cleaned, filed logged, packed in plastic polysheeting and placed into sequentially numbered and labeled core boxes. Material is temporarily stored prior totransfer to the core facility in Apache Junction, Arizona, where significantintervals are dry cut in half. Half coresamples are then bagged and carefully packed into boxes and shipped to theSaskatchewan Research Council in Saskatoon.
Passport is utilizingSRC’s Potash ICP Analysis package designed for multi-element analysis of potashsamples. SRC includes blanks, duplicatesand their internal potash 003/004 standards in the analysis. SRC’s analytical procedures have been morefully detailed in the NI 43-101 Technical Report, dated 30 March 2012, preparedfor Passport Potash by ERCOSPLAN Ingenieurgesellschaft Geotechnik un BergbaumbH. SRC is an ISO/IEC 17025:2005 certified facility.
Onbehalf of the Board of Directors
PASSPORTPOTASH INC.
JoshuaBleak, President
Thisnews release includes certain statements that may be deemed”forward-looking statements”. All statements in this release, otherthan statements of historical facts, including the likelihood of commercialmining and possible future financings are forward-looking statements. Althoughthe Company believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements are notguarantees of future performance and actual results or developments may differmaterially from those in the forward-looking statements. Factors that couldcause actual results to differ materially from those in forward-lookingstatements include unsuccessful exploration results, changes in metals prices,changes in the availability of funding for mineral exploration, unanticipatedchanges in key management personnel and general economic conditions. Mining isan inherently risky business. Accordingly the actual events may differmaterially from those projected in the forward-looking statements. For moreinformation on the Company and the risks and challenges of its business,investors should review the Company’s annual filings that are availableat www.sedar.com.
NeitherTSX Venture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) accepts responsibility forthe adequacy or accuracy of this release.
Contact:
Passport Potash Inc.
Peter J. Kletas
Manager of Corporate Development
866-999-6251-Toll Free
peter@passportpotash.com
Passport Potash Inc.
Clive Mostert
Corporate Communications
780-920-5044
cmostert@passportpotash.com
www.passportpotash.com
Link to OTC Markets Group – News, Filings & Corporate Actions
Posted by BullQuake on May 16, 2012 · Leave a Comment
CLEVELAND, [May16] /PRNewswire / — DATATRAK International, Inc. (OTCQX: DATA), a technology and services company focused on global eClinical solutions for the clinical trials industry, today announced its attendance at the 4th Annual China Meeting: Collaboration and Innovation in China. DATATRAK will be in Shanghai on May 20th – 23rd to demonstrate DATATRAK ONE™, its cloud-based unified software suite.
The meeting focuses on China’s collaboration in the global innovation community. For the first time, SFDA’s Center for Drug Evaluation (CDE), has agreed to conduct a town hall meeting that will allow meeting participants to have an open and direct dialog with CDE. Additional collaborative opportunities are available with China’s SFDA, US FDA and US Department of Commerce. DATATRAK is pleased to join participants representing a wide range of professions – industry, government, academia, associations. Please see http://www.diachina.org for more information.
DATATRAK ONE™is a comprehensive cloud-based global clinical research platform helping customers with the strategy, planning and management of their entire life science product portfolio, including resource management, study execution needs and safety reporting.
About DATATRAK
DATATRAK International is a worldwide technology and services company delivering eClinical solutions and related services for the clinical trials industry. DATATRAK built its multi-component, comprehensive solution on a single, unified platform and expanded this concept to include services delivery via DATATRAK’s Clinical and Consulting Services™ group. The Company delivers a complete portfolio of software products designed to accelerate the reporting of clinical research data from sites to sponsors and ultimately regulatory authorities,faster and more efficiently than loosely integrated technologies. The DATATRAK ONE™software solution, deployed worldwide through an ASP or Enterprise Transfer offering, supports Phase I – Phase IV drug and devices studies in multiple languages throughout the world. DATATRAK has offices located in Cleveland, Ohio; Bryan, Texas; and Cary (RTP), North Carolina.For more information, visit http://www.datatrak.net.
Except for the historical information contained in this press release, the statements made in this release are forward-looking statements. These forward-looking statements are made based on management’s expectations, assumptions, estimates and current beliefs concerning the operations, future results and prospects of the Company and are subject to uncertainties and factors which are difficult to predict and, in many instances, are beyond the control of the Company, and which could cause actual results to differ materially from those contemplated in these forward-looking statements. For a list of certain of the factors that may cause actual results to differ materially from those contemplated in these forward looking statements, please see the Company’s quarterly report filed with the OTCQX Market on May 10, 2012 announcing its results for the three-month period ending March 31, 2012. The Company undertakes no obligation to update publicly or revise any forward-looking statement whether as a result of new information, future events or otherwise.
CONTACT:
Lisa Pahl, Director Marketing, DATATRAK International, Inc., +1-979-393-9025
Link to OTC Markets Group – News, Filings & Corporate Actions
Posted by BullQuake on May 15, 2012 · Leave a Comment
FOR IMMEDIATE RELEASE CONTACT: Scott Switzer
May 15, 2012 Chief Financial Officer
Costar Technologies, Inc.
(469) 635-6800
Costar Technologies, Inc. Announces Financial Results for the First
Quarter Ended March 31, 2012
($ in thousands)
Coppell, Texas – May 15, 2012 – Costar Technologies, Inc., formerly Sielox, Inc. (the “Company”) (OTC Markets Group: CSTI), reported its unaudited financial results for the quarters ended March 31, 2011 and 2012 that have been compiled by the independent accounting firm Rothstein, Kass & Company, P.C.
Highlights
- The Company posted its fourth consecutive profitable quarter, resulting in a profit of $591 for the three months ended March 31, 2012.
- Sales increased 91% for the first quarter of 2012 versus the same period for 2011.
Financial Results, First Quarter of 2012 Compared to First Quarter of 2011
Revenue for the first quarter of 2012 totaled $6,616 compared to revenue of $3,462 for the first quarter of 2011, an increase of 91%. Approximately $2,800 of the $3,154 increase was due to an existing customer that placed a large order in January for future requirements, May 2012 through January 2013. The timing of the order coincided with the customer’s year end. Excluding the large order, overall revenue increased approximately 10% from the first quarter 2012 versus the first quarter 2011.
Gross profit from the first quarter of 2012 totaled $1,934. This compares to gross profit of $857 for the first quarter of 2011, an increase of 126%. Approximately $1,000 of the $1,077 increase was a result of the large order. Excluding the large purchase, overall gross profit increased approximately 9% from the first quarter of 2012 as compared to the first quarter of 2011.
Selling, general and administrative expenses from continuing operations for the first quarter of 2012 totaled $1,289. This compares to selling, general and administrative expenses from continuing operations of $1,035 for the first quarter of 2011, an increase of 25%. The increase of $254 was related to continued growth initiatives, which included adding sales staff.
Other income (expense) for the first quarter of 2012 totaled $(54). This compares to other income (expense) of $(8) for the first quarter of 2011. For the first quarter of 2012, interest expense was $58 compared to interest expense of $25 for the first quarter of 2011. Interest expense was high due to the Company’s need for increased capital to fund the large January order.
Net profit for the first quarter of 2012 was approximately $591. This compares to a profit (loss) for the first quarter of 2011 of $(187).
Our Consolidated Statements of Changes in Stockholders’ Equity and Comprehensive Income (Loss) was updated to accurately reflect the fact that the 462 share stock-grant from 2011 was provided from treasury shares, not newly issued shares as reported in our year-end filing.
James Pritchett, President and Chief Executive Officer of the Company, stated, “Outside of the early retail order, the business grew at a rate of 10% over the first quarter of last year, compared with the security market that is experiencing low single digit growth. We are also encouraged by the reception of our new digital solutions of IP cameras and network recorders introduced at the 2012 ISC West Show. We are well positioned to continue to outperform the overall industry and continue to gain market share.”
The Company’s outside independent accountants completed their analysis of the Company’s financial condition. The Independent Accountants Review Report, including financial statements and applicable footnote disclosures, is available on our website at www.costartechnologies.com.
About Costar Technologies, Inc.
Costar Technologies, Inc. develops, designs and distributes a range of security solution products including surveillance cameras, lenses, digital video recorders and high-speed domes. The Company also develops, designs and distributes industrial vision products to observe repetitive production and assembly lines, thereby increasing efficiency by detecting faults in the production process. Headquartered in Coppell, Texas, the Company’s shares currently trade on the OTC Markets Group under the ticker symbol “CSTI”.
Cautionary Statement Regarding Forward Looking Statements
This document contains forward-looking statements that involve risks and uncertainties, as well as assumptions, that if they never materialize or prove incorrect, could cause the results of the Company to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements generally are identified by the words “expects,” “anticipates,” “believes,” “intends,” “estimates,” “should,” “would,” “strategy,” “plan” and similar expressions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The risks, uncertainties and assumptions include developments in the marketplace for our products, competition, related products and services and general economic conditions, as well as other risks and uncertainties. Accordingly, we cannot give assurance that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company.
* * * * *
Link to OTC Markets Group – News, Filings & Corporate Actions
Posted by BullQuake on May 15, 2012 · Leave a Comment
Ridgeline Announces Bought Deal of $10 Million Following Upsizing from $2 Million
CALGARY, Alberta May 15, 2012 – Ridgeline Energy Services Inc. (TSX-V: RLE; OTCQX: RGDEF) (“Ridgeline” or the “Company”) is pleased to announce its bought deal offering (the “Offering“) announced on May 14, 2012 of 2,857,000 common shares in the capital of Ridgeline (the “Common Shares“) at $0.70 per Common Share for gross proceeds of approximately $2 million has been increased by approximately $8 million, to $10,000,200. The Offering is being underwritten by Mackie Research Capital Corporation as lead underwriter and sole book runner for a syndicate (collectively, the “Underwriters“). Ridgeline has also granted to the Underwriters an over-allotment option (the “Over-Allotment Option“) to purchase an additional 2,143,000 of Common Shares on the same terms, exercisable in whole or in part at any time prior to 30 days after closing of the Offering (the “Closing“). If the Over-Allotment Option is exercised in full, the total gross proceeds to Ridgeline from the sale of Common Shares under the Offering will be approximately $11.5 million.
The net proceeds received by the Company from the Offering and Over-Allotment Option will be used for commercialization, acquisitions, development, and working capital.
The Offering is scheduled to close on or about the week of June 4th, 2012 or as otherwise determined by the Company and Underwriters and is subject to certain customary conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities. The Common Shares will be offered by way of a short-form prospectus to be filed in such provinces of Canada (except Quebec), where the Common Shares are sold, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. persons,” as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is an energy services and water treatment company. The Company is applying proprietary technology to treat the large volumes of contaminated water generated by oil and gas production. The Company is working with energy majors in the application of its technology for the recycle and reuse of; produced and hydraulic stimulation flowback water; enhanced recovery chemical flood water; and oil sands process water. As well the Company is applying its technology in the testing and treatment of commercial and industrial waste water. Through its environmental consulting and remediation subsidiaries, Ridgeline Environment Inc. and Ridgeline GreenFill Inc., the Company has built a reputation as an established provider of environmental services to North America’s oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol “RLE” and the OTCQX as “RGDEF”. Additional information is available on the Company’s website at: www.ridgelinecanada.com.
For further information please contact:
Ryan Johnson of Ridgeline Energy Services Inc.
Corporate Development
(604) 566-8066 ext. 3 (Vancouver)
rjohnson@ridgelinecanada.com
David Waldman at Crescendo Communications
Investor Relations
(212) 671-1021 (New York)
dwaldman@crescendo-ir.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Tony Ker”
Tony Ker, CEO
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements.”
Link to OTC Markets Group – News, Filings & Corporate Actions
Filed under Market News · Tagged with Announces, bought, deal, energy, following, from, Inc, link, Million, RGDEF, Ridgeline, services, Upsizing
Posted by BullQuake on May 14, 2012 · Leave a Comment
Link to OTC Markets Group – News, Filings & Corporate Actions
Filed under Market News · Tagged with 2012, Announces, financial, First, group, Inc, link, markets, OTCM, quarter, results
Posted by BullQuake on May 14, 2012 · Leave a Comment
Ucore Appoints Ryan as Board Member
May 14, 2012 – Ucore Rare Metals Inc. (TSX-V: UCU), (“Ucore” or the “Company”) is pleased to announce the appointment of Mr. Patrick Ryan to its Board of Directors, effective May 14, 2012.
Mr. Ryan brings to Ucore a broad range of experience and corporate leadership in industrial operations management, large scale manufacturing, and the supply side of the international automotive industry, facilitating significant long term supply contracts with automotive assembly concerns in North America, Europe and the Pacific Rim.
Mr. Ryan has a keen sense of global market supply stream logistics, routinely serving major automotive concerns including Ford, General Motors, Toyota, Nissan, Hyundai and Mercedes, among others. He is the Founder of Neocon International, an automotive OEM design and lean manufacturing enterprise which he conceptualized in 1993 and continues to spearhead today. From the company’s inception he has been the strategic architect responsible for raising capital, assembling and directing a team of R&D engineers, establishing niche product opportunities such as lighter weight and recyclable materials tapping into OEM “green” initiatives, developing business plans for optimum market positioning, establishing efficient QA systems for complying with environmental and automotive process standards and procuring equipment and facilities to deliver to international markets.
Under Mr. Ryan’s leadership, Neocon was acquired in 2002 by Exco Technologies, Ltd., a publically traded TSX company. In recent years he has accepted awards on behalf of Neocon as Subaru’s “Gold Supplier” of the year from 2008-2011, Honda’s “Outstanding Supplier” award in 2011, and Nova Scotia’s top export award in 2008. He has been noted as “inventor” on numerous patents in North America and Europe, working with notable industrial science firms such as DuPont, Exxon Mobile and Dow throughout his career. He is a P. Eng, and recipient of the APENS Award from the Atlantic Provinces Engineering Society as the most likely to serve society in an ethical manner.
“We’re very pleased to welcome Mr. Ryan to our Board,” said Jim McKenzie, President and CEO of Ucore. “His background offers a unique blend of experience in large scale manufacturing, international trade, and strategic contracting in the transportation sector, a primary target of Ucore’s Bokan product line. As our flagship heavy rare earth property at Bokan matures, this background will be invaluable to assessing opportunities and negotiating relationships of greatest benefit to Ucore shareholders.”
Commensurate with his appointment, Mr. Ryan will be granted 250,000 stock options, subject to the approval of the TSX Venture Exchange. The options are exercisable at a price of $0.29 per share and will expire five years from May 14, 2012, the date of the grant. One third of the options will vest six months after the date of the grant, with an additional third to vest every six months thereafter until fully vested.
About Ucore Rare Metals Inc.
Ucore Rare Metals Inc. is a well-funded junior exploration company focused on establishing REE, uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore’s primary focus is the 100% owned Bokan – Dotson Ridge REE property in Alaska. The Bokan – Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in expediting mine production and limiting the capital costs associated with mine construction.
The Bokan properties are located in an area reserved for sustainable resource development with an existing road network providing access to the main target areas. REE mineralization at the Bokan-Dotson ridge project occurs in a well-demarcated vein system related to a Mesozoic Bokan peralkaline granitic complex. However, a number of other occurrences of REE mineralization are also located within, or at the margins of the complex. Viewed in a geological and geophysical context, the Bokan complex is a distinctive circular structure and is highly prospective for rare earths deposits.
For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Rare Metals Inc. at: (902) 482-5214.
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forwardlooking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Link to OTC Markets Group – News, Filings & Corporate Actions
Posted by BullQuake on May 12, 2012 · Leave a Comment
Sat, May 12, 2012 06:55 – Global Gaming Network, Inc. (GBGM: OTC Link) released their Research Report concerning Spectrum Report. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=81183.
Link to OTC Markets Group – News, Filings & Corporate Actions
Posted by BullQuake on May 12, 2012 · Leave a Comment
Sat, May 12, 2012 09:47 – Principal Solar, Inc. (PSWW: OTC Link) released their Attorney Letter with Respect to Current Information. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=81182.
Link to OTC Markets Group – News, Filings & Corporate Actions
Posted by BullQuake on May 12, 2012 · Leave a Comment
Sat, May 12, 2012 12:44 – Principal Solar, Inc. (PSWW: OTC Link) released their Initial Company Information and Disclosure Statement. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=81179.
Link to OTC Markets Group – News, Filings & Corporate Actions
Posted by BullQuake on May 12, 2012 · Leave a Comment
Sat, May 12, 2012 06:55 – Rising India Inc. (RSII: OTC Link) released their Annual Report. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=81180.
Link to OTC Markets Group – News, Filings & Corporate Actions
« Previous Page — Next Page »
