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Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
ORFG is please to announce 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. See full resume on ORFG's website.
Mr. Pernett will be responsible for all affairs of ORFG 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 the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
ORFG and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, ORFG ’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. 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 the Company. His resignation is effective immediately. ORFG wish him well and success in future endeavors.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. (OTCBB:CRWE) (http://www.crownequityholdings.com) just recently announced that its subsidiary company, Crown Tele Services Inc. (http://www.crownteleservices.com ) is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions for 2011.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.
Commenting on the venture, Kenneth Bosket, president said, “We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice.”
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
Vitamin Shoppe, Inc. (NYSE:VSI) a leading specialty retailer and direct marketer of nutritional products, announced two finance-related transactions. The company announced that it has obtained a new term loan. Vitamin Shoppe, Inc. as Guarantor, and its subsidiaries, Vitamin Shoppe Industries Inc. and VS Direct, Inc., as the Borrowers amended and restated the Loan and Security Agreement dated September 25, 2009, providing for a term loan of $25 million, with a maturity date of January 18, 2013, and extending the maturity date of the existing $70 million revolving credit facility an additional two years to September 25, 2015.
Vitamin Shoppe, Inc. engages in the retail and direct marketing of vitamins, minerals, nutritional supplements, herbs, sports nutrition formulas, homeopathic remedies, natural pet food, low carb foods.
Chicago Bridge & Iron Company N.V. (NYSE:CBI) announced that Lummus Technology has been awarded a contract by Formosa Chemicals and Fibre Corporation (NASDAQ:FCFC) for the license and engineering design of a grassroots cumene and phenol plant to be built in Ningbo, China. This is a fourth quarter 2010 award. The plant, which is expected to start up in 2013, will use Lummus Technology’s Polimeri Europa/Lummus cumene and phenol technologies to produce 450,000 metric tonnes per annum (MTA) of cumene and 300,000 MTA of phenol. Cumene is used to make phenol, which is mainly used in the manufacture of liquid and solid resins.
Chicago Bridge & Iron Company N.V. (CB&I) provides engineering, procurement, and construction (NYSE:EPC) solutions, as well as process technologies for the energy infrastructure projects.
Parker Hannifin Corporation (NYSE:PH) the global leader in motion and control technologies, reported record results for the fiscal 2011 second quarter ending December 31, 2010. Fiscal 2011 second quarter sales were $2.9 billion, an increase of 21.7 percent from $2.4 billion in the same quarter a year ago. Net income was $231.8 million an increase of 120.9 percent from $105.0 million in the second quarter of fiscal 2010. Earnings per diluted share for the quarter were $1.39 compared with $0.64 in last year's second quarter. Cash flow from operations for the first six months of fiscal 2011 was $408.2 million, or 7.2 percent of sales, compared with cash flow from operations of $606.3 million, or 13.2 percent of sales in the prior year period.
Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components.
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