Navios Maritime Acquisition Corporation (NYSE:NNA) announced that the chemical tanker vessel Nave Polaris of 25,145 dwt was delivered from a South Korean shipyard to Navios Acquisitions' owned fleet. The vessel is chartered out for 6 months at a net rate of $10,238 per day for the first three months and at a net rate of $11,213 per day for the remaining of the charter out period. Time Charter Coverage, Currently Navios Acquisition has contracted 91.1%, and 57.4% of its available days on a charter-out basis for 2011 and 2012, respectively.
Navios Maritime Acquisition Corp. does not have significant operations. It intends to acquire assets or operating businesses through a merger, capital stock exchange, asset acquisition, stock purchase, or other similar business combination.
Martha Stewart Living Omnimedia Inc. (NYSE:MSO) will announced its financial results for the fourth quarter ending December 31, 2010, on February 16, 2011, before the market opens. Following the release, the Company will host a conference call with analysts and investors at 11:00 a.m. EST. The live webcast will be accessible to the public on the Company's web site, www.marthastewart.com/ir, and an archived version will be available through March 3, 2011.
Martha Stewart Living Omnimedia, Inc. operates as an integrated media and merchandise company. It creates media and merchandise in the areas of cooking and entertaining, holidays, crafts, home, whole living, weddings, organizing, and gardening.
Proper Power & Energy, Inc. (OTC:PPWE)
Oil is the raw material that makes the functioning possible of nearly every element of the U.S. economy, directly or indirectly. It supplies 40% of the nation’s power supply—way above any other source. Oil gives power to our industries, gives heat to our buildings, and supplies the raw material for plastics, paints, textiles, and many more materials. But it is in our transportation that oil is most important.
Oil supplies 97% of the fuel consumed by America’s gigantic fleet of trucks, trains, planes, ships, buses and cars.
Proper Power & Energy, Inc. recently announced the next stage of its Western U.S. operations. PPWE met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of PPWE.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. "We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives," stated Andrew Kacic.
Proper Power & Energy, Inc. is an independent exploration and production company. PPWE's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which PPWE controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to PPWE, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
To learn more about PPWE visit: http://properpower.com
Orofino Gold Corp. is an International gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia. ORFG has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
Location & Infrastructure
Strategically located in the underexplored Buena Seña – St. Martin de Loba Gold District, discovered in the mid 1980's.
Current focus on the Senderos de Oro/Sur de Bolivar area.
Established infrastructure includes:
- road accessible
- electric power
- skilled workforce
- water readily available.
Elevation ranges from 75 to 375 meters enabling year round work.
Social & Investment Promotion
- Stable democracy for over 150 years
- Growing, educated work force
- Good infrastructure
- No history of nationalizing foreign holdings or defaulting on foreign debt
- Northern extension of the mineral-rich Andes Cordillera
- Current government promoting rapid growth in mining sector
- Juan Manuel Santos recently elected President (former Defense Minister during Alvaro Uribe's administration, will continue to promote foreign investment and mineral resource development)
To learn about ORFG visit: http://www.orofinogold.com
Sparton Corp. (NYSE:SPA) a supplier of complex and reliable electronic and electro-mechanical products, sub-assemblies and related services to the highly regulated Medical, Defense & Security and Aerospace markets, announced it will launch its expanded operations and capabilities at the Medical Design & Manufacturing West (MD&M) conference and exhibition February 8-10, 2011, at the Anaheim Convention Center.
Sparton Corporation, together with its subsidiaries, offers electronic manufacturing services worldwide. The company provides design and electronic manufacturing services, which include a range of engineering, pre-manufacturing, and post-manufacturing services on a contract basis.
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