Free Trial!
Today’s Best Stocks To Trade! Click Here
BusinessNetWire is an affiliate of Stock Profiler.US. Sign up Today for Your Free Stock and Updated News Subscription at http://www.stockprofiler.us Companies who want to broadcast their progress are welcome to contact Stockprofiler.US, LLC at 603-621-9420.
-------------------------------------------
Anglo Swiss Resources Inc. (OTCBB: ASWRF)
Anglo Swiss Resources Inc. closed at $0.316 Monday, trading 95,134 shares.
Company News- March 4, 2008: Anglo Swiss Confirms the LI-201 Kimberlite Is Diamond Bearing
Anglo Swiss Resources Inc. (TSX-V: ASW) (OTCBB: ASWRF | news | PowerRating | PR Charts ) (BERLIN: AMO) ("Anglo Swiss"), or the 'Company,' announced earlier today that it has received caustic fusion diamond results from the Company's LI-201 kimberlite pipe, located in the Northwest Territories.
Drilling on the LI-201 kimberlite was carried out over the period August 22 to September 19, 2007. The drilling program consisted of 5 core holes, totaling 421.6 meters (1383.2 feet). Two of the drill holes contained intercepts of LI-201 kimberlite. Drill holes Y07-04 and Y07-05 intersected kimberlite totaling 20.25 meters and 14.75 meters, respectively. The material sampled from these two drill holes had a combined weight of 58.0 kg, and was obtained from 6 separate sub-samples of split NQ size drill core. The samples were sent to C.F. Minerals Research Limited, of Kelowna, British Columbia for processing and indicator mineral and microdiamond recovery, and a total of 30 diamonds were recovered. Table 1 below shows the stone size distribution for the combined sample.
TABLE 1: Diamond distribution in CIM square mesh sieve classes (mm)
---------------------------------------------------------------------
Combined 0.106 0.15 0.212 0.3 0.425 0.6 Total
Weight(kg) Sieve Sieve Sieve Sieve Sieve Sieve
---------------------------------------------------------------------
58 7 9 1 17
---------------------------------------------------------------------
Note: 13 additional micro-diamonds passed through a 0.106 mm square mesh sieve for a total diamond count of 30 micro-diamonds. In total, 17 diamonds greater than 0.106 mm have been recovered, which equates to 293 diamonds ( > 0.106 mm) per tonne of kimberlite.
The drill program tested geophysical targets as well as to confirm the location and nature of the previously discovered LI-201 kimberlite. Due to ongoing mechanical problems throughout the drill program, and with the onset of winter conditions, the drilling program was considerably reduced from its originally intended 1500-meter program.
A drilling program previously carried out on the LI-201 kimberlite in 1997 by Kennecott Canada Exploration Inc (KCEI) provided 281.1 kilograms of kimberlite sample from 2 drill holes (97LI 201-02 and 97LI 201-04). Caustic Fusion analysis by KCEI of this material resulted in the recovery of 60 diamonds, three of which were macrodiamonds (2 sat on a 0.5 mm sieve and one sat on a 1 mm sieve).
The results obtained from the latest study confirm the diamondiferous nature of the LI-201 kimberlite. The company has conducted airborne geophysics over the body and believes that potential exists for additional phases of kimberlite beyond the area of the current drill intersections. Additional work on the compositions of the indicator mineral recovered and analyzed by C.F. Minerals from LI-201 is currently being carried out by Mineral Services Canada Inc. of North Vancouver, B.C. Mineral Services Canada Inc. will be retained to carry out interpretive studies pertaining to future diamond exploration programs by Anglo Swiss.
With only 4 drill holes that have intersected the LI-201 kimberlite (2 by Kennecott and 2 by Anglo Swiss) over a small area (50 m by 75 m), the overall size and nature of the kimberlite zone requires further evaluation and testing. Anglo Swiss is in the third year of a five year option agreement with New Shoshoni Ventures Ltd. that allows Anglo Swiss to earn a 60% interest in the Fry Inlet property be incurring $6,200,000 in exploration expenditures.
At present, Anglo Swiss is in the planning stages for carrying out a detailed program of ground geophysics that will test the known area of the LI-201 kimberlite and to locate extensions or larger masses related to the known kimberlite zone. The LI-201 kimberlite zone is located on the immediate edge of a small lake. Due to the recessive nature of kimberlite bodies, the small lake may represent a topographic depression caused by partial glacial erosion of a larger hidden body of kimberlite. The known area of the LI-201 kimberlite may represent a linear dike structure of kimberlite emanating from a larger kimberlite body underlying the adjacent lake. Part of the proposed geophysics program will be carried out over the lake area to test the hypothesis of a hidden kimberlite body under the lake.
The technical contents of this release have been approved by Greg Thomson, P. Geo., a Qualified Person as defined in NI 43-101.
About Anglo Swiss
Anglo Swiss is a mineral exploration company focused on creating shareholder value through the acquisition and development of quality precious/base metal and gemstone properties that have undiscovered resource potential. The company is actively exploring and drilling its 100% owned, advanced staged Kenville Gold Property located in southeastern British Columbia with the goal of developing a world-class porphyry copper and gold deposit. The company is also in the process of exploring a diamondiferous bearing kimberlite property, known as the Fry Inlet Diamond Property, located in the Lac de Gras region of Canada's Northwest Territories in which it has the right to earn up to a 60% interest pursuant to an option and joint venture agreement with New Shoshoni Ventures Ltd. For further information, please visit the company's website at www.anglo-swiss.com.
-------------------------------------------
AtheroGenics, Inc. (NASDAQ: AGIX)
AtheroGenics, Inc. closed at $1.04 Monday, trading 2,229,700 shares.
Company News- March 4, 2008: AtheroGenics Regains Compliance With NASDAQ Listing Requirement
AtheroGenics, Inc. (NASDAQ: AGIX), a pharmaceutical company focused on the treatment of chronic inflammatory diseases, announced earlier today that the NASDAQ Listing Qualifications Panel has granted the Company's request for continued listing of its securities on The NASDAQ Global Market. The company filed its Form 10-K on March 3, 2008, evidencing that it satisfied a NASDAQ requirement to have more than $50 million in revenue and $50 million in total assets for the fiscal year ended December 31, 2007.
As previously announced, the Company had received notice of non-compliance from NASDAQ due to the Company's failure to evidence that the market value of its common shares was above the $50 million requirement for continued listing on the NASDAQ Global Market, as required by Marketplace Rule 4450(b)(1)(A). In response, the company appeared before the NASDAQ Panel and presented its plan, which was subsequently accepted by the Panel, to evidence compliance with the alternative listing standard that requires $50 million in total assets and $50 million in total revenue in the most recent fiscal year. Upon the filing of the Form 10-K for the fiscal year ended December 31, 2007, AtheroGenics reported total assets of $103.1 million and total revenues of $52.3 million.
About AtheroGenics
AtheroGenics is focused on the discovery, development and commercialization of novel drugs for the treatment of chronic inflammatory diseases, including diabetes and coronary heart disease (atherosclerosis). AtheroGenics has commenced ANDES (AGI-1067 as a Novel Anti-Diabetic Agent Evaluation Study), a Phase III clinical trial to study its lead antioxidant and anti-inflammatory drug candidate, AGI-1067, in patients with diabetes. In addition, the Company has other clinical and preclinical anti-inflammatory compounds, including AGI-1096, an oral agent for the prevention of organ transplant rejection. For more information about AtheroGenics, please visit http://www.atherogenics.com.
-------------------------------------------
TelePlus World, Corp. (OTCBB: TLPE)
TelePlus World, Corp. closed at $0.0034 Monday, trading 563,550 shares.
Company News- March 4, 2008: TelePlus Provides Business Update to Investors
TelePlus World, Corp. (OTCBB: TLPE | news | PowerRating | PR Charts ) (FRANKFURT: YT3) (www.teleplusworld.com), a telecom reseller offering specialized communication products and services, is pleased to provide investors with a comprehensive update on TelePlus' business.
STRONG FUNDAMENTALS IN THE TELECOM BUSINESS Our telecom business which includes the Telizon, Avenue and Freedom businesses has performed very well in 2007. Revenue, EBITDA and operating income reached $12.6 million, $1.5 million and $775k respectively as of the third quarter of 2007 (ended Sept 30). We anticipate year end results to be in line with the performance experienced in the first 9 months of 2007. 2008 outlook is positive with an increase in revenue, EBITDA, operating income and number of subscribers expected to continue. 89% of our users are small to midsize businesses with the remaining 11% being residential users. Included in the business users are 43 municipal governments and school boards.
Our telecom services include value added bundled commercial telecommunications packages including local lines, long distance, toll free and high speed internet services to customers in 53 distinct Centrex Serving Areas. The value added component, in addition to significant cost savings, results from us acting as a virtual telecommunications department for our clients, interfacing on their behalf with the underlying wholesale carrier providers for all items pertaining to their existing services and future needs.
In addition to also providing stand-alone long distance services to the commercial market, our telecom division provides long distance and internet services to targeted residential markets.
POSITIVE IMPACT TO FINANCIAL RESULTS OF WIRELESS DIVESTITURE The positive performance of our telecom division was offset by the weakness experienced in our wireless operation. Thus the recent divestiture of our wireless business which operated the Liberty Wireless and MX Mobile brands will have a positive impact on our financial results moving forward. Our wireless revenue, EBITDA and operating income were $3.8 million, ($486k) and ($1.4 million) respectively for the first nine months of 2007. We incurred more losses in the fourth quarter from wireless operations. Market conditions deteriorated during 2007 making it increasingly difficult to maintain an adequate gross margin, retain existing users and attract new ones. In addition we experienced severe service issues resulting from our transition to a new back office provider announced mid last year. Although unfortunate, the divestiture of our wireless division was appropriate to improve our company's financial performance.
We look forward towards the profitable growth of our telecom business in 2008. We continue to evaluate potential acquisitions and/or business combinations that would increase shareholder value. In addition we continue to evaluate available financing instruments that would reduce non-cash items impact on our statement of operations as well as increase shareholder value.
INVESTOR CALL AND WEBCAST We would like to advise investors that our full year 2007 results will be presented during an investor call on March 31st, 2008 at 9:00 a.m. EDT.
To access the call: Call in Number: U.S./Canada (800) 322.5044 International (617) 614.4927
Event Code: 67476959 Instructions: The conference call will begin promptly at 9:00 a.m. EDT, so participants should call in 5-10 minutes prior to the call to ensure that operators have sufficient time to record your name and company affiliation. A webcast link of the call will be available in the Investor section of the Company's web site.
Internet Access: A live listen-only simulcast of the conference call via the Internet will be webcast by Thomson/CCBN through the following link: http://phx.corporate-ir.net/playerlink.zhtml?c=144803&s=wm&e=1785086 Investor Presentation: An investor presentation will be available 20 minutes prior to the call. The presentation can be accessed through the internet access outlined above.
About TelePlus World, Corp.
TelePlus World, Corp. ("TelePlus") (OTCBB: TLPE) (http://www.teleplusworld.com) is a diversified North American company that is a leading provider of telecommunications products and services. TelePlus, founded in 1999, has continued to grow organically and through strategic acquisitions. The company's wholly owned subsidiaries include Telizon, Inc., a reseller of landline, long distance, internet and specialized telecom financial management services to small and midsize businesses and Avenue Reconnect and Freedom Phone Lines, providers of landline and long distance services to targeted residential markets. TelePlus websites include www.telizon.biz, www.elitemail.ca, www.freedomphonelines.com, www.netreach.ca and www.nophone.ca among others. The Company has offices in Miami, Florida and Barrie, Ontario.
-------------------------------------------
The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BusinessNetwire.US affiliates has not been compensated for services rendered; BusinessNetwire.US affiliates is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter.
Please consult a broker before purchasing or selling any securities mentioned herein. To view full disclaimers, go to http://www.businessnetwire.us) (disclaimers).
CONTACT: BusinessNetwire.US e-mail: info@ businessnetwire.us WWW: http://www.businessnetwire.us/
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
