FREE Daily Stock Alerts From Stock-PR.com
Bank of America Corporation (NYSE:BAC) announced that it has reached an agreement to resolve nearly all of the legacy Countrywide-issued first-lien residential mortgage-backed securitization (NASDAQ:RMBS) repurchase exposure, representing 530 trusts with original principal balance of $424 billion.
Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally.
Orofino Gold Corp. (ORFG)
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino Gold's corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Orofino Gold Corp. President Ary Pernett and Vice President of Development Alfonso Calderon of Orofino Gold Corp. (ORFG) hosted investors interested in a firsthand look at the company's Senderos de Oro projects. These visits come as investors consider the financial commitments necessary to fund exploration and provide modern mining techniques and equipment to the area.
The group spent four days in Colombia during which they had an opportunity to tour Orofino's active mine sites at La Azul, Culo Alzado, and Buena Sena. The visit offered investors an opportunity to observe current artisanal gold production, and an in-person view of Colombia's revitalized foreign investment opportunities and stability. Following this site visit, Orofino's directors and investors are expected to prepare for the company's future funding and development needs as it continues to expand exploration at Senderos de Oro.
Special properties of gold make it perfect for manufacturing jewelry. These include: very high luster; desirable yellow color; tarnish resistance; ability to be drawn into wires, hammered into sheets or cast into shapes. These are all properties of an attractive metal that is easily worked into beautiful objects.
Orofino's strategy to become a recognized player in the Colombia mining sector began with the acquisition of the La Azul/La Estrella property in the Senderos de Oro region of Colombia; a Northern extension of South America's highly mineralized Andes Mountain Range. Development of this property has included acquisition of concessions for the surrounding lands, including adding the San Carlos and Culo Alzado properties, detailed analysis of historic geological and cultural records of the area, and regular mineral analysis of newly obtained resource samples. In addition, Orofino has acquired a database comprised of exploration and mining results from previous operators who left as a result of pre-21st century regional civil and economic instability.
For more information about Orofino Gold Corp. visit its website www.orofinogoldcorp.com
Knight Capital Group, Inc. (NYSE:KCG) announced that Hotspot FX was named Best Trading Platform for Hedge Funds among non-bank providers by Profit & Loss magazine in its voter-driven 2011 Readers' Choice Digital Markets Awards. "We are honored that the readers of Profit & Loss magazine selected Hotspot FX as the 'Best Trading Platform for Hedge Funds' among non-banks this year," said John Miesner, Managing Director and Head of Global Sales for Hotspot FX. "We believe that this award is a reflection of the hard work and determination we have exhibited in creating a diverse and robust FX marketplace for buy and sell side alike. As the first FX ECN aimed at the institutional market, Hotspot has remained focused on ensuring that the institutional and hedge fund community has a marketplace where it can trade on equal footing with all other market participants in an anonymous, fast and fair environment."
Knight Capital Group is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms and corporations. Knight is headquartered in Jersey City, N.J. with a growing global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit www.knight.com.
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. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.
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.
Biomass is a renewable form of energy. Renewable simply means the rate of consumption and resource replacements are equal. Fossil fuels for example are a form of non renewable energy, as our rate of consumption far outweighs the rate of resource replacement. With an increasing global population, and efforts to improve the standard of living for many developing countries, our energy requirements will easily double over the next ten to twenty years. Building our energy future on fossil fuels, is a non-sustainable activity and can only support our energy demands in the short term. Biomass and other renewable energy technologies such as wind, solar and wave are needed to power our future.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
Gerber Scientific, Inc. (NYSE:GRB) reported revenue and earnings results for its fiscal fourth quarter and year ended April 30, 2011. Reported revenue increased 16.4% to $126.7 million from $108.8 million. The effects of favorable currency exchange increased revenue by approximately $5.4 million, or 5.0%; Gross profit was adversely affected by $2.9 million in wind down charges related to the discontinuance of the Company's inkjet printer line. Excluding these charges, gross profit was $41.3 million, or 32.3% of sales versus $31.8 million, or 29.2% of sales. Reported gross profit and margin was $38.4 million, or 30.3% of sales. Gross profit and margin in the current quarter benefitted from improved sales volume, cost savings actions and $1.7 million of favorable currency exchange, which was moderated by the wind down costs; Selling, general and administrative (SG&A) expenses were $32.3 million, or 25.5% of sales, compared with $26.3 million, or 24.2% of sales. The increase in SG&A was due to the restoration of $0.8 million in temporary wage reductions that were in place a year ago, incentive compensation of $1.6 million, an increase of $1.3 million in commissions due to volume and channel mix and $1.0 million in currency exchange rate fluctuations; Operating income excluding wind down costs and goodwill impairment associated with the Company's inkjet printer line and restructuring and other expenses was $4.7 million, or 3.7% of sales, compared to $1.5 million or 1.4% of sales. The reported operating loss was $9.8 million, or $10.5 million on a currency adjusted basis; Loss from continuing operations was $9.3 million, or $0.37 per diluted share, compared to a loss of $0.4 million, or $0.02 per diluted share last year in the fourth quarter. Net loss for the current quarter was $10.8 million, or $0.43 per diluted share, compared with a net loss of $1.6 million, or $0.06 per diluted share last year; Net cash flows from operations, less capital expenditures, was $1.1 million compared with $4.4 million in the prior year, due principally to a decrease in inventory turns; Total outstanding debt was reduced by $23.9 million in fiscal 2011 to $21.1 million.
Gerber Scientific, Inc., through its subsidiaries, develops, manufactures, distributes, and services integrated automation equipment and software worldwide. Gerber Scientific, Inc. was founded in 1945 and is headquartered in South Windsor, Connecticut.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Stock-PR.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold Stock-PR.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://stock-pr.com/disclaimer).Crown Equity Holdings Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (OTCPK:CRWE) has previously received 500,000 shares of (144) restricted common stock and 500,000 shares of free trading shares from a third party (QU CUI You) for six months of advertisement services (which has expired) for Orofino Gold Corp. (PINK SHEETS:ORFG). Crown Equity Holdings Inc. (OTCPK:CRWE) has received 5,000,000 shares of 144 restricted stocks from the company for 12 months of media advertisement and IR services for Cleantech Transit, Inc. (OTCPK:CLNO).
Sign Up For Free Stock Alerts At http://stock-pr.com/signup