Sealy Corporation (NYSE:ZZ) the largest bedding manufacturer in the world, announced that the Company will be attending the Goldman Sachs Consumer Retail/Leveraged Finance Conference 2011 today, February 1, 2011 at the Goldman Sachs Conference Center, in New York City, NY.
Sealy is the bedding industry's largest global manufacturer with sales of $1.2 billion in fiscal 2010. Sealy is also a leading supplier to the hospitality industry.
Proper Power & Energy, Inc. (OTC:PPWE)
The state of Utah is ranked 13th in the country in crude oil production and 9th in natural gas gross production (Energy Information Administration; rankings based on 2008 production, not including Federal Offshore production areas). There are approximately 9,100 wells currently in production within the state. Utah ranked 11th in the United States in crude oil proved reserves and 8th in natural gas proved reserves (not including Federal Offshore areas) in 2008.
Proper Power & Energy, Inc. maintains 10,000 plus acres of leased land in Central Utah, and last year announced the results of its initial review of seismic data. This was on the heels of Thrust Resources' Radiometrics Plus data suggesting the existence of huge pay zones in the Valley.
In Kentucky, Oil and gas are produced from more than 1,500 pools from rocks of Cambrian to Pennsylvanian age. Most oil is produced from Mississippian limestone and sandstone in eastern and western Kentucky or from Ordovician limestone and dolomites in southern Kentucky. Most natural gas is produced from the Devonian black shale in eastern Kentucky. Kentucky’s existing oil and gas infrastructure is extensive. Exploration and production costs are low due to the occurrence of shallow resources. Kentucky is centrally located for access and distribution to northern and eastern industrial markets.
PPWE has begun production on its Kentucky oil asset, in addition to the 11,000 acres leased for its exploratory prospect in Utah. The Utah prospect has the potential for over 75 wells. PPWE believes the Utah property holds very substantial recoverable reserves, indicated through seismic and radiometric analysis.
About Proper Power & Energy:
Proper Power & Energy, Inc. was formed in 2006 as an exploration and production company for oil and gas. PPWE is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
To learn more about PPWE visit: http://properpower.com
Global Hunter Corp. recently released results from the first 91.8 metres of core drilled in hole RS-D-08-123 averaging 0.070 percent molybdenum and 0.13 grams per tonne rhenium. The molybdenum grade is 8.3 percent higher than the grade from the same interval in twinned hole RS-D-80-56. None of the previous operators had analyzed for rhenium.
La Corona de Cobre Project
Global Hunter's La Corona de Cobre project is over 18,000 hectares of land located in the Coast Range of the Andean Cordillera, Chile, an area often referred to as the Chilean Iron Belt. The property is on the Pan American Highway, 70-kilometres north of the port city La Serena.
The property is located at the southern end of the Atacama Fault Zone, a north-northeast regional feature that stretches for over 1,000 kilometres and hosts several large copper deposits in Chile including Phelps Dodge's Candelaria (400 million tonnes grading 0.95% copper and 0.2% gold) and Anglo-American's Manto Verde (100 million tonnes averaging 0.80% copper) deposits.
- Over 18,000 hectare land package
- 70km North of La Serena, Chile (deep water port)
- Pan American Highway and major transmission lines pass through property
- Readily accessible water
- Railways adjacent to property
- 15 mineralized shear zones ranging from 20 to 250m in widths and 0.5 to 9.0km in length
- 1 of the 15 shear zones (Las Posadas), has been drill tested
Global Hunter's La Corona de Cobre hosts a swarm of 15 shear zones ranging from 10 to 150 metres in thickness and from one-half to nine-kilometres in length.
To learn more about Global Hunter visit: http://www.globalhunter.ca
Nam Tai Electronics, Inc. (NYSE:NTE) announced that it would release its unaudited fourth quarter results for the period ended December 31, 2010 on Monday, February 21, 2011. Upon further consideration, since February 21, 2011 is a holiday in the United States, the Company decided to postpone the date of release of results to Tuesday, February 22, 2011.
Nam Tai Electronics, Inc. provides electronics manufacturing and design services to the original equipment manufacturers of telecommunication and consumer electronic products. The company was founded in 1975 and is headquartered in Shenzhen, the People's Republic of China.*****
Furniture Brands International Inc. (NYSE:FBN) announced that the company expects net sales for the fourth quarter of 2010 to total approximately $274 million. The company anticipates that financial results for the fourth quarter of 2010 will include selected charges totaling between $20 million and $25 million on a pre-tax basis. The selected charges include closed store expense, property disposition and restructuring expenses, accounts receivable charges, factory downtime costs, inventory charges, and trade name impairment. The company anticipates that the selected charges will be allocated approximately evenly between cost of sales and selling, general & administrative expenses.
Furniture Brands International is a global operating company that is one of the nation's leading designers, manufacturers, and retailers of home furnishings. It markets through a wide range of retail channels, from mass merchant stores to single-brand and independent dealers to specialized interior designers.
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