Orofino Gold Corp. (PINK:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold is please to report that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director. Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp.
Mr. Pernett will be responsible for all affairs of Orofino Gold in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of Orofino Gold’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine. The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of Orofino Gold. His resignation is effective immediately. Orofino Gold wish him well and success in future endeavors.
Orofino Gold and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, Orofino Gold’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past.
Orofino Gold Corp. engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. Orofino Gold has an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
PTS, Inc. (OTC.BB:PTSH) released after the market closed that Raj Kalra has been named Chairman and Chief Executive Officer, effective immediately. Mr. Kalra replaces Teresa Rubio who has served as Chairman and Marc Pintar who has served as PTSH Interim Chief Executive Officer. In addition to his role as CEO, Mr. Kalra will serve on PTSH’s Board of Directors.
“Raj Kalra brings the right skill set to lead PTSH as we move forward and commence a focus on restructuring, stabilization, growth and profitability,” said Marc Pintar, PTSH Interim CEO. “Raj’s leadership skills and extensive experience in mergers and acquisitions, as well as business niches such as technology, retail, energy and financial sectors, make him the right CEO to lead PTSH down its new road to success,” added Mr. Pintar.
Raj Kalra is the founder and CEO of ThinLine Technology Group, and brings over a decade of leadership, management skills and experience in the information technology industry. Prior to founding ThinLine, Mr. Kalra spent 20 years in developing and expanding start-up businesses, public corporations and turn-around.
“I’m very pleased to be named the CEO of PTSH,” said Raj Kalra. “I am working very hard to bring value to our shareholders. My first order of business is to announce that PTSH, via ThinLine, has been granted a contract to develop and manage the modifications to a certain proprietary cloud computer software solution that ThinLine created based on the client’s requirements for an online inventory management system for contracts that they manage for cable operators nationally.”
Fresenius Medical Care AG & Co. KGaA (NYSE:FMS), recently launched the 2008T, a smart dialysis platform featuring Fresenius Clinical Data Exchange (CDX), at the American Society of Nephrology’s 43rd Annual Meeting and Scientific Exposition in Denver, CO.
The 2008T hemodialysis delivery system is designed to provide the world-class dialysis treatment the industry has come to expect from Fresenius Medical Care, the long-established market leader in hemodialysis equipment in North America.
Fresenius Medical Care AG & Co. KGaA, a kidney dialysis company, offers dialysis treatment services through its clinics.
Schweitzer-Mauduit International, Inc. (NYSE:SWM) reported third quarter 2010 earnings results for the period ended September 30, 2010.
Third Quarter/Year-To-Date Financial Highlights:
* Net sales of $182.0 million, $557.4 million year-to-date
* Net income of $18.2 million, $51.6 million year-to-date
* Adjusted EBITDA from Continuing Operations of $40.6 million (Adjusted EBITDA from Continuing Operations is a non-GAAP financial measure that excludes restructuring and impairment expenses. See non-GAAP reconciliations); $119.1 million year-to-date
* Cash provided by operations of $30.5 million, $105.2 million year-to-date
Schweitzer-Mauduit International, Inc. manufactures and sells paper and reconstituted tobacco products to the tobacco industry, as well as specialized paper products for use in other applications.
Double Eagle Petroleum Co. (Nasdaq:DBLE) released its financial results for the third quarter ended September 30, 2010. Highlights of the third quarter include:
* Earnings of $1,932,000 or $0.17 per share;
* Clean Earnings* of $4,077,000 or $0.37 per share;
* Cash flows from operations of $10,533,000;
* 2% increase in the third quarter 2010 production over the same 2009 quarter; and
* Acquisition of additional working interest in the Atlantic Rim.
Double Eagle Petroleum Co., an energy company, engages in the exploration, development, production, and sale of natural gas and crude oil primarily in the Rocky Mountain Basins of the western United States.
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