Costamare Inc. (NYSE:CMRE) a leading international owner of containerships, reported unaudited financial results for the period ended September 30, 2010. Voyage revenues of $88.6 million and $267.5 million for the three and the nine months ended September 30, 2010, respectively. EBITDA of $63.4 million and $181.1 million for the three and the nine months ended September 30, 2010, respectively.
Net income of $23.8 million or $0.51 per share and $69.4 million or $1.48 per share for the three and the nine months ended September 30, 2010, respectively. Entered into a $120.0 million credit facility to be used purely for growth purposes.
Costamare Inc. owns and charters containerships to liner companies.
American Video Teleconferencing Corp. Signs Option Agreement
American Video Teleconferencing Corp. (Pink Sheets:AVOT), "the company", is pleased to announce that it has signed an option agreement for three gold bearing claim blocks situated in the northern mining district of Saskatchewan, Canada.
Assays taken in 2008 on selected samples returned repeatable high grade gold values of 7gms/ton (.25oz) to 112.9gms/ton (3.99oz/ton).
The property owners did random sampling in June 2007 and had an assay of 933gms/ton (32.9oz/ton) of gold from one of the samples and that prompted the writing of a technical report on the project that was prepared in compliance with the National Instrument 43-101 and Form 43-101F1 and was issued on November, 28 2008.
The writer was Duncan Bain P Geo. who resides in London Ontario, Canada. Samples that were taken as part of a work program done on the property were sent to an ISO-certified assay laboratory based in Saskatoon, Saskatchewan Canada.
The project is 1385 hectares in area and covers several documented nickel-copper and gold showings and land in proximity to lake sediment geochemical and biogeochemical anomalies.
All these are part of the Snowbird Tectonic Zone which is a major tectonic structure and extends for more than 2,000 kilometres. Access to the project is currently by float or ski equipped aircraft or by helicopter to Stony Rapids which is accessible by commercial aircraft from the major cities of Saskatoon or Regina in southern Saskatchewan.
The expenditures for the 2010-2011 work program will be paid by the property owners due to an arrangement reached in the option agreement with the issuance of 1.2 million restricted shares (144).
OneBeacon Insurance Group, Ltd. (NYSE:OB) declared a $0.21 per share quarterly dividend, payable in cash on December 31, 2010, to holders of record of Common Shares as of the close of business on December 17, 2010.
OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under the symbol "OB". OneBeacon Insurance Group's underwriting companies offer a range of specialty insurance products sold through select independent agents, regional and national brokers, and wholesalers.
Crown Equity Holdings Inc. (OTCPK:CRWE)
CRWE is opening another office in Pakistan to further expand its business overseas. The office will be located in Attock, Pakistan. The office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase CRWE’s up to date news & world affairs from the Mid-East, Far East and Europe online news wires.
Zeeshan Shabbir, who already manages the office in Islamabad, will also be managing the new office in Attock.
CRWE is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused CRWE’s primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.
To learn more about CRWE visit: http://www.crownequityholdings.com
Global High Income Fund, Inc. (NYSE:GHI) set December 17, 2010, as the record date for determination of the shareholders entitled to vote at the Fund's annual meeting of shareholders, to be held on Thursday, February 17, 2011. The matter to be considered at the annual meeting is the election of one class of directors.
Global High Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by UBS Global Asset Management (Americas) Inc.
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