SLM Corporation (NYSE:SLM) announced that its Board of Directors has appointed John F. (Jack) Remondi President & Chief Operating Officer. In this newly created role, he will be responsible for the company’s loan servicing, information technology, credit and underwriting, and marketing and communications divisions. Mr. Remondi has served as Vice Chairman & Chief Financial Officer since 2008. Most recently, he helped successfully navigate the financial challenges posed by the economic crisis.
SLM Corporation, commonly known as Sallie Mae, is the nation’s only financial services company specializing in education. Sallie Mae’s saving programs, planning resources and financing options have helped more than 31 million people make the investment in higher education.
Crown Equity Holdings Inc. (OTCPK:CRWE)
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Crown Equity Holdings Inc. recently released 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.
To learn more about CRWE visit: http://www.crownequityholdings.com
Pinnacle Entertainment Inc. (NYSE:PNK) announced that management will present on today at the Bank of America Merrill Lynch Global Gaming Conference in Las Vegas, NV. A copy of the presentation will be accessible at the Investor Relations section of the Company's corporate website, www.pnkinc.com.
Pinnacle Entertainment, Inc. owns and operates casinos in Louisiana, Missouri, Indiana, and Nevada. In March 2010, Pinnacle opened its newest casino, River City, in south St. Louis County, Missouri. Pinnacle is also developing a casino in Baton Rouge, Louisiana.
Gold's Usefulness as an Asset Diversifier:
Most portfolios are invested primarily in traditional financial assets such as stocks, bonds and mutual funds. Adding gold to a portfolio introduces an entirely different asset; a tangible or real asset, thus increasing the portfolio's degree of diversification. The purpose of diversification is to protect the total portfolio against fluctuations in the value of any one asset or type of asset. Gold does exactly that.
Gold has been widely used throughout the world as a vehicle for monetary exchange, either by issuance and recognition of gold coins or other bare metal quantities, or through gold-convertible paper instruments by establishing gold standards in which the total value of issued money is represented in a store of gold reserves.
Because of the softness of pure (24k) gold, it is usually alloyed with base metals for use in jewelry, altering its hardness and ductility, melting point, color and other properties. Alloys with lower caratage, typically 22k, 18k, 14k or 10k, contain higher percentages of copper, or other base metals or silver or palladium in the alloy.
Culo Alzado: Regional geochemistry (stream sediments & soils) has outlined three potential areas for more detailed exploration. All areas have similar NE–trending structural control, historic workings. Most advanced target – 1500 meters long with many historic tunnels and rock sample results up to 253.1 g/t gold; pending soil grind results, drilling planned in 2011.
The observed metallogenic zonation around Senderos de Oro evokes a very viable "hidden porphyry" exploration model. Based upon exploration carried out to date, it is clear that the area hosts significant resources of gold, copper and silver, which, facilitated by the current database and favorable topography, has generated excellent "fast-trackable" bulk-tonnage or high-grade underground Au-Ag-Cu exploration targets. ORFG will be mobilizing drills in the first quarter of 2011.
To learn about ORFG visit: http://www.orofinogold.com
China New Borun Corporation (NYSE:BORN) announced that it will hold a ceremony to commemorate the official opening of its Daqing Phase III facility, in conjunction with its investor day in Daqing for institutional investors and analysts on January 21, 2011.
China New Borun Corporation is a leading producer and distributor of corn-based edible alcohol in China.
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