Stream Global Services, Inc. (AMEX:SGS) a leading, global business process outsource (NYSE:BPO) service provider specializing in customer relationship management services for Fortune 1000 companies, announced that it has appointed Brian Delaney as Executive Vice President and Chief Operating Officer (NYSE:COO). Mr. Delaney will be responsible for overseeing all of Steam’s operational processes in its 50 locations across 22 countries. A proven leader in the customer service and outsourced call center industry, Mr. Delaney brings more than 20 years senior management and operational experience to Stream.
Stream Global Services, Inc. operates as a global business process outsourcing service provider. The company offers customer relationship management services, including sales, customer care, and technical support.
Proper Power & Energy, Inc. (OTCBB:PPWE) recently released that it has restructured its executive management team and entered into a strategic alliance. Andrew J. Kacic will replace Joseph Abdo as President of Proper Power & Energy.
Mr. Kacic brings more than 32 years of progressive experience as a chief executive in oil and gas, investment banking, insurance services and public securities. Mr. Kacic was the founder and president of American Resources of Delaware, Inc. and its subsidiary Southern Gas Company, successfully taking assets from $220,000 to more than $40 million in less than 4 years. Mr. Abdo will remain the Chief Executive Officer and Chairman of the Board. Concurrently to the management restructuring, Proper Power & Energy has entered into a strategic alliance with Douglas Kiggins, founder of Mayo Energy Partners.
Mr. Kiggins will assist Mr. Kacic in the development of Proper Power & Energy’s Utah asset, with the target goal of drilling the first exploratory well in Utah by third Quarter 2011. Mr. Kiggins has participated in the drilling and development of over 250 oil and gas wells in Texas, Oklahoma and Colorado, with the deepest well reaching a total depth over 21,000 feet. Proper Power & Energy is an independent exploration and production company.
Proper Power & Energy’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
AdCare Health Systems Inc. (AMEX:ADK) a recognized innovator in senior living and health care facility management, has appointed company director, Boyd P. Gentry, as co-chief executive officer. Gentry will share the new co-CEO position with Gary Wade, AdCares's co-founder, president and chief executive officer, who is planning to retire from his management roles in mid-2011. Upon Wade's retirement, Gentry will become president and chief executive officer, and Wade will continue as a member of the company's board of directors.
AdCare Health Systems, Inc. engages in the development, ownership, and management of retirement communities, assisted living facilities, and skilled nursing facilities, as well as provides home health care services in the state of Ohio.
Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine. As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. (”Wardrop”) has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
The most significant changes from the previous estimate are: Increase in Indicated tonnes by 35.34% to 33,739,586 tonnes; Increase in Indicated contained gold by 24.09% to 1,244,211 ounces; Increase in Inferred tonnes by 37.96% to 38,812,054 tonnes; and Increase in Inferred contained gold by 7.48% to 1,830,576 ounces. The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic Gold continues its engineering studies on the Song Jiagou mine. Wardrop will move forward now to re-evaluate a production pit design.
Majestic Gold continues to work with Wardrop and its sister company, Tetra Tech (Beijing) Consultancy Company Limited, (both subsidiaries of Terta Tech Inc.) to complete a Preliminary Economic Assessment, concurrent with the required Chinese Geological and Engineering studies required to apply for increased production levels at Song Jiagou. The results of these studies will ultimately culminate in a Pre-feasibility report.
Eaton Vance Ohio Municipal Bond Fund (AMEX:EIO) announced the monthly distributions declared on the common shares of eleven of its closed-end municipal bond funds ("Funds"). The record date for the distributions is January 24, 2011, and the payable date is January 31, 2011. The ex-date is January 20, 2011. The distribution per share, closing market price on December 30, 2010The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the Funds' common shares could change.
Eaton Vance Insured Ohio Municipal Bond Fund operates as a nondiversified, closed-end management investment company in the United States. The fund invests primarily in debt securities issued by Ohio municipalities.
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