Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic is headquartered in Vancouver, Canada.
Gold's Usefulness as safe haven: The geo-political and world economic structure is currently undergoing major change-some have even called the situation an "upheaval." This means that the investment outlook, particularly for certain parts of the world, is more unpredictable than usual. Under these circumstances, it is logical to conclude that certain investment portfolios should include real (non-paper) assets such as commodities for protection against a potential decline in the paper markets.
Sale of Assets 2009:
On April 21, 2009, Majestic announced that it had negotiated an agreement to sell its 72% joint venture interest in the Sawayaerdun gold project in Tianshan Province, China to its Chinese co-venturers for approximately C$7,350,000.
The purchasers, Xinjiang Baodi Mining Ltd. and Brigade No. 2 of Xinjiang Geography & Mine Exploration and Development Bureau, are the Company's dual partners in Xinjiang Majes Mining Inc., the Chinese joint venture company originally established to develop the Sawayaerdun project. On May 14, 2009, the agreement was granted final acceptance by the TSX Venture Exchange.
The Sawayaerdun Gold Project is located 200 kilometers northwest of Kashi in the western region of Xinjiang Province, China. The property is located in the prolific Tian Shan Gold Belt which hosts numerous world class gold deposits including Muruntau (140,000,000 oz Au) and Kumtor (13,900,000 oz Au). Gold deposits in this belt are commonly structurally controlled, occurring along fault/shear zones within metamorphosed sedimentary rock.
- Historical Resource* >3.0 Mi oz Au reported on license (*not NI 43-101 compliant)
- Includes >1.4 Mi oz Zone IV
- Proven geological model - in prolific gold belt
- Immense gold system (>5km X >2km)
- Over 120 trenches identifying 22 gold zones on surface
- 4 main zones with combined surface trace over 11.5 km
- Previous trenching and drilling results demonstrated good continuity of gold mineralization laterally and down dip
To learn more about Majestic visit: http://www.majesticgold.net
New Energy Systems Group (AMEX:NEWN) announced financial results for the third quarter ended September 30, 2010. Revenue increased 236.0% to $26.4 million. Gross profit increased 197.0% to $7.2 million. Net income increased 112.3% to $4.3 million. Non-GAAP adjusted net income increased 160% to $5.1 million and non-GAAP adjusted EPS increased 24.2% to $0.41, despite higher tax rate and higher share count.
New Energy Systems Group engages in the manufacture and distribution of lithium ion batteries and components in China. It also manufactures and sells lithium-ion battery shell and cap products to various lithium-ion battery cell manufacturers.
Universal Insurance Holdings Inc. (AMEX:UVE) announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) has received approval from the Maryland Insurance Administration (MIA) to write property and casualty insurance in the state of Maryland. UPCIC anticipates writing new business in Maryland following approval of its rates and forms by the MIA.
Universal Insurance Holdings, Inc. is a vertically integrated insurance holding company, which through its subsidiaries, covers substantially all aspects of insurance underwriting, distribution, claims processing and exposure management. Universal Property & Casualty Insurance Company (UPCIC), a wholly owned subsidiary of the Company, is one of the five leading writers of homeowners' insurance in Florida and is now fully licensed and has commenced its operations in Hawaii, North Carolina and South Carolina.
PTS, Inc. (OTCPK:PTSH)
PTS, Inc. announced recently that through its ThinLine division it has signed a 3 year IT Services deal with United Power.
United Power (www.unitedpowerinc.com) is acknowledged experts on the resale of products especially suited for medium voltage power distribution, in addition to providing a wide portfolio of products for other aspect of the electrical utility business. United Power has been serving electrical utility Customers within Georgia continuously since 1976. They have developed a reputation for customer sensitivity, fair dealing and exceptional quality during this time.
United Power required an IT solution that would allow them to contact one source for all of their IT needs.
"United Power is a well-established and quality company that has been a leader in their field for decades" stated Raj Kalra CEO of PTSH. "They were looking for a one stop shop that would be able to handle their IT, disaster recovery and hardware needs without making more than one phone call. ThinLine's managed IT solution was designed for this task. We look forward to working with the team at United Power and I am always excited to add a quality client to our growing portfolio of managed It customers," added Raj Kalra.
To learn more about PTSH visit: http://www.ptspi.com
NTN Buzztime Inc. (AMEX:NTN) a leading venue-based interactive restaurant and bar entertainment network, announces they have signed promotional partnership agreements with several leading top-tier global brands. These leading companies, looking for unique out-of-home messaging solutions to target the hard-to-reach and highly sought after 18-34 year old demographic, selected Buzztime to promote their brands through multi-layered marketing programs designed to increase consumer awareness and spending.
NTN Buzztime, Inc. is one of the most popular interactive bar and restaurant entertainment networks. Trusted for over 25 years by restaurant, bar and pub owners, Buzztime develops trivia, card and sports games and broadcasts them on the Buzztime Network to 4,000 locations throughout North America. More than 1,400,000 registered players use a blue Playmaker or their Apple iPhone to compete in more than 4 million games each month.
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