Cardinal Health, Inc. (NYSE:CAH) reported fourth-quarter fiscal 2011 revenues of $26.8 billion and non-GAAP diluted earnings per share (NYSEARCA:EPS) from continuing operations of $0.59, up 18 percent. For fiscal 2011, revenues increased 4 percent to $103 billion, and non-GAAP diluted EPS increased 20 percent to $2.67. Outlook for non-GAAP diluted earnings per share from continuing operations in fiscal 2012 is $3.04 to $3.19 under the company's new non-GAAP definition, which excludes approximately $0.14 of amortization of acquisition-related intangible assets in fiscal 2012. Fiscal 2011 non-GAAP diluted EPS from continuing operations under this new non-GAAP definition is $2.80.
Cardinal Health, Inc. operates as a healthcare solutions company that provides health care products and services. The company operates in two segments, Pharmaceutical and Medical.
Siga Resources Inc (OTCPK:SGAE)
Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company.
Gold is suitable for industry because of its malleability, its resistance to corrosion, and excellence in conducting electricity. These features make it an important component of televisions and computers. Gold has many non-dental medical uses as well. Precision lasers used in medicine have gold coating on their inside surfaces to control the beam's focus. Gold vapor lasers are being used to isolate and destroy cancer cells without harming neighbouring cells. Doctors also inject tiny gold pellets into the prostate to fight prostate cancer.
Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's general geographical interest is North and South America.
Siga Resources Inc. (OTC.BB: SGAE) President and CEO, Edwin Morrow, is pleased to announced that Bentley Fairview Resources Co. Ltd., of Ontario, Canada, the Joint Venture Partner for the Big Bear Mining Claims located in San Bernardino County, California, has advanced the initial payment for the initiation of a work program on the Big Bear Mining Claims.
This is the initial payment of a $10,000,000 Joint Venture entered by the two companies with the goal of proving the indicated gold resources on the Big Bear claims and if warranted, developing the Big Bear property to possible production. Siga's work program and the beginning of evaluation of the project are underway as of Aug 3, 2011.
The work program will consist of extensive mapping of existing trenches, outcrop, oxidized zones and other previous workings including drill sites. Geochem sampling of large areas of the claim group along with sampling of all pits and trenches will be conforming with previous mapped and sampled areas which returned assays of greater than .01 oz/ton gold in the soil geochem. These areas of greater than .01 oz/ton gold covered a large area of the claim group and give rise to the anticipated total indicated contained ounces of gold which could range from 1 to 2 million ounces.
The Big Bear project is currently controlled under an agreement to acquire 100 percent of the property. It is situated near Lucerne Valley, CA and currently consists of approx 1440 acres (approx 2.25 square miles) of mining claims. The Big Bear Claims are on the North eastern edge of the San Bernardino Mountains. The project area is known historically as the Blackhawk mining District has been a previous producer of gold and silver. The area is believed to contain economically viable gold mineralization, particularly at the current metals prices. Anticipated total contained gold based on existing reports and studies could be in the range of 2 to 3 million ounces.
Siga Resources is also developing the Lucky Thirteen Placer in British Columbia. Currently in a 50/50 Joint Venture, Siga has installed a 50 cubic yard/hour washing and separation plant and associated excavation machinery which is being employed for bulk sample testing to determine recoverable grades and aid design of a larger production facility which could be in place before year's end.
The Lucky Thirteen Placer claim is 168 ha (415 acres) in size. The claim is located on the Union gravel bar on the north bank of the Fraser River.
For more information please visit website at http://sigaresourcesinc.com
National Health Investors Inc. (NYSE:NHI) announced that it will pay a third quarter dividend of $.615 per common share to shareholders of record on September 30, 2011 and payable on November 10, 2011.
National Health Investors, Inc., a real estate investment trust (REIT), invests in health care properties, primarily in the long-term care industry in the United States.
Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Renewable energy sources are energy sources that are continually replenished. These include energy from water, wind, the sun, geothermal sources, and biomass sources such as energy crops. In contrast, fuels such as coal, oil, and natural gas are non-renewable. Once a deposit of these fuels is depleted it cannot be replenished - a replacement deposit must be found instead. Both renewable and non-renewable energy sources are used to generate electricity, power vehicles, and provide heating, cooling, and light.
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Using biomass power replaces the need to burn coal to generate electricity. Additionally, the use of biomass power also reduces the need for oil to mine and deliver coal to far off power stations, thereby significantly reducing greenhouse gas emissions. Most surprisingly, using wood waste as fuel is actually more beneficial to the environment than allowing it to decompose naturally, because of the elimination of methane during combustion.
For more information about CLNO, visit www.cleantechtransitinc.com
Eldorado Gold Corp. (NYSE:EGO) declared that the Company will pay an eligible dividend of CDN$0.06 per Common Share on August 26, 2011 (Vancouver time) to the holders of the Company's outstanding Common Shares (held directly or indirectly through CHESS Depositary Interests ("CDIs") as of the close of business on the record date of August 12, 2011 (Vancouver time). The total amount of this dividend represents approximately $100 per ounce of gold sold by Eldorado in the first half of 2011.
Eldorado Gold Corporation, together with its subsidiaries, engages in the discovery, exploration, development, production, and reclamation of gold properties in Brazil, the People's Republic of China, Greece, and Turkey.
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