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SIGA Resources Siga Resources Inc (OTCPK:SGAE)

Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's general geographical interest is North and South America.

Gold on the nanoscale is a unique material. First and foremost, it is not gold coloured, but a deep crimson red or light blue (depending on the size and shape of the particles). This dramatic colour change is due to the minute particles of gold interacting with light differently to bulk gold. The particles themselves retain many of the characteristics of bulk gold (for example their biocompatibility and resistance to corrosion). They also develop other intriguing properties such as reactivity (making them useful as catalysts in chemical reactions).

Siga Resources Inc. (OTCPK:SGAE) President and CEO, Edwin Morrow, is pleased to announced that Bentley Fairview Resources Co. Ltd., of Ontario, Canada, the Joint Venture Partner for the Big Bear Mining Claims located in San Bernardino County, California, has advanced the initial payment for the initiation of a work program on the Big Bear Mining Claims.

This is the initial payment of a $10,000,000 Joint Venture entered by the two companies with the goal of proving the indicated gold resources on the Big Bear claims and if warranted, developing the Big Bear property to possible production. Siga's work program and the beginning of evaluation of the project are underway as of Aug 3, 2011.

The work program will consist of extensive mapping of existing trenches, outcrop, oxidized zones and other previous workings including drill sites. Geochem sampling of large areas of the claim group along with sampling of all pits and trenches will be conforming with previous mapped and sampled areas which returned assays of greater than .01 oz/ton gold in the soil geochem. These areas of greater than .01 oz/ton gold covered a large area of the claim group and give rise to the anticipated total indicated contained ounces of gold which could range from 1 to 2 million ounces.

The Big Bear project is currently controlled under an agreement to acquire 100 percent of the property. It is situated near Lucerne Valley, CA and currently consists of approx 1440 acres (approx 2.25 square miles) of mining claims. The Big Bear Claims are on the North eastern edge of the San Bernardino Mountains. The project area is known historically as the Blackhawk mining District has been a previous producer of gold and silver. The area is believed to contain economically viable gold mineralization, particularly at the current metals prices. Anticipated total contained gold based on existing reports and studies could be in the range of 2 to 3 million ounces.

Siga Resources is also developing the Lucky Thirteen Placer in British Columbia. Currently in a 50/50 Joint Venture, Siga has installed a 50 cubic yard/hour washing and separation plant and associated excavation machinery which is being employed for bulk sample testing to determine recoverable grades and aid design of a larger production facility which could be in place before year's end.

For more information visit their website


Arch Capital Group Ltd. (NASDAQ:ACGL) reports that net income available to common shareholders for the 2011 second quarter was $91.9 million, or $0.67 per share, compared to $237.0 million, or $1.48 per share, for the 2010 second quarter. The Company also reported after-tax operating income available to common shareholders of $61.5 million, or $0.45 per share, for the 2011 second quarter, compared to $132.2 million, or $0.83 per share, for the 2010 second quarter. All earnings per share amounts discussed in this release are on a diluted basis. All information in this release has been adjusted to reflect the three-for-one share split effected in May 2011.

Arch Capital Group Ltd., together with its subsidiaries, provides insurance and reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance.


LoopNet, Inc. (NASDAQ:LOOP), announced financial results for the second quarter 2011. LoopNet's revenue for the second quarter of 2011 was $21.6 million, compared to $20.7 million in the first quarter of 2011, and $19.4 million in the second quarter of 2010. Net income applicable to common stockholders for the second quarter of 2011 was $1.9 million or $0.04 per diluted share, compared to $3.2 million or $0.07 per diluted share in the second quarter of 2010. Net income applicable to common stockholders for the second quarter of 2011 included acquisition related costs of $0.02 per diluted share. Net income applicable to common stockholders for the second quarter of 2010 included litigation related recoveries of $0.02 per diluted share. Non-GAAP net income for the second quarter of 2011 was $4.9 million or $0.11 per diluted share, compared to $4.2 million or $0.10 per diluted share in the second quarter of 2010. The effective tax rate for the second quarter of 2011 was 22.1% compared to 36.8% in the second quarter of 2010.

LoopNet operates the most heavily trafficked commercial real estate marketplace online with more than 5 million registered members and more than 2 million unique monthly visitors, as reported by Google Analytics.


Clean Tech Transit Cleantech Transit Inc. (OTCPK:CLNO)

Biomass energy could stimulate growth in farming, forestry and rural industry leading to overall rural development. Biomass energy could also provide a productive avenue for using agricultural and forestry wastes, besides plantations. Biomass energy brings numerous environmental benefits, particularly reducing many kinds of air pollution and net carbon emissions. Biomass can be grown and harvested in ways that protect soil quality, avoid erosion, and maintain wildlife habitat. However, the environmental benefits of biomass depend on developing beneficial biomass resources and avoiding harmful resources, which having policies that can distinguish between them.

In addition to its many environmental benefits, beneficial biomass offers economic and energy security benefits. By growing our fuels at home, we reduce the need to import fossil fuels from other states and nations, and reduce our expenses and exposure to disruptions in that supply. Many states that import coal from other states or countries could instead use local biomass resources.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy ( This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.

Cleantech Transit, Inc. is pleased to announce it has completed an agreement whereby it can earn a larger ownership percentage in the 500 KW bio mass Merced Project than previously announced.

Cleantech can now earn in up to 40% of the Merced Project up from the original 25% the Company announced. The 40% ownership stake will be based on the total cost incurred to the Project to date, in addition Cleantech can invest the in the Series B shares of Phoenix Energy equal to or greater to the direct investment made in 500 KW project.

For more information, visit


TowneBank (Nasdaq:TOWN) announced that its Board of Directors on July 27, 2011 declared a quarterly cash dividend of $2.00 per preferred share on its 8% Non-Cumulative Convertible Preferred Stock, Series A. The dividend is payable on September 1, 2011 to shareholders of record on August 12, 2011. The amount and declaration of future cash dividends are subject to Board of Director's approval in addition to regulatory restrictions.

TowneBank, through its subsidiaries, provides retail and commercial banking products and services in the Greater Hampton Roads region in southeastern Virginia. The company operates in three segments: Banking, Realty, and Insurance.

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