Orofino Gold recently announced 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 ORFG.
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. ORFG has an option to acquire properties in the Sur de Bolivar Department of Colombia South America. ORFG was formerly known as SNT Cleaning, Inc. and changed its name to Orofino Gold Corp. in December 2009. ORFG was founded in 2005 and is based in Central, Hong Kong.
To learn about ORFG visit: http://www.orofinogold.com
ING Clarion Global Real Estate Income Fund (NYSE:IGR) declared a monthly distribution of $0.045 per share for the month of December 2010. IGR’s current distribution rate represents an annualized yield of 7.0% based on the closing market price of $7.70 on December 8, 2010 and a 6.5% yield on a closing NAV of $8.30 as of the same date. Future earnings of the Fund cannot be guaranteed and the Fund’s dividend policy is subject to change. For more information on the Fund, please visit our website at www.ingclarionres.com. The Fund’s dividend policy is established by the Board of Trustees. The dividend is set by the Board at regular intervals with consideration of investment income and realized gains expected for the year. Each distribution is expected to be paid from some or all of the following sources: net investment income, realized long-term gains and short-term gains, and unrealized gains or in certain cases a return of capital (i.e., a non-taxable distribution).
ING Clarion Global Real Estate Income Fund is a closed-ended equity mutual fund launched and managed by ING Clarion Real Estate Securities, L.P.
Crown Equity Holdings Inc. (OTCPK:CRWE)
With the growth of information on the internet has growth the amount of time people spend on it, which has in turn generated a new market for internet advertising. Some of the wealthiest companies in the world have made sure that they get a piece of the internet marketing pie, and for a good reason.
Crown Equity Holdings Inc. is pleased to report its financial results for the nine month period ending September 30, 2010. Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009. CRWE incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009. Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by CRWE .
"Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business," commented Kenneth Bosket, President & CEO of Crown Equity Holdings Inc. "Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth," stated Bosket.
CRWE is extending its internet footprint internationally to include the following countries; Argentina, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, New Zealand, Pakistan, Russia, Singapore, Spain, South Africa, Taiwan, United Arab Emirates and United Kingdom.
To learn more about CRWE visit: http://www.crownequityholdings.com
Hypercom Corp. (NYSE:HYC) announced that Bank of the Philippine Islands (NYSE:BPI), one of the leading financial institutions in the Philippines with more than 800 branch offices across the country, has selected Hypercom for its card payment systems. BPI will begin deploying thousands of Hypercom Optimum payment systems to merchants across the country over a three-year mass rollout. “BPI’s selection of Hypercom is a vote of confidence for our company, speaks of our products’ competitive advantages and reinforces our footprint in this important market,” said Jacques-Herve Maupin, Managing Director, Hypercom Asia Pacific.
Hypercom Corporation, together with its subsidiaries, designs and sells electronic payment and transaction solutions, and value-added services at the point of transaction primarily in the Americas, northern EMEA, southern EMEA, and the Asia-Pacific.*******
Chimera Investment Corporation (NYSE:CIM) declared the fourth quarter 2010 common stock cash dividend of $0.17 per common share. This dividend is payable January 27, 2011 to common shareholders of record on December 31, 2010. The ex-dividend date is December 29, 2010. The Company distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings will typically differ due to items such as differences in premium amortization, accretion of discounts, unrealized and realized gains and losses, credit loss recognition, and non-deductible general and administrative expenses.
Chimera Investment Corporation, a real estate investment trust, invests in residential mortgage backed securities (NASDAQ:RMBS), residential mortgage loans, real estate-related securities, asset backed securities (NYSE:ABS), and various other asset classes in the United States.
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