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(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (PINKSHEETS: KATX) KAT Exploration Inc., (PINKSHEETS: ERRCF) Encore Renaissance Resources Corp., Inc., (NASDAQ: DEER) Deer Consumer Products, Inc., (NASDAQ: OESX) Orion Energy Systems, Inc., (NASDAQ: PRPX) Portec Rail Products, Inc., (NASDAQ: RENT) Rentrak Corp.
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(PINKSHEETS: KATX - KAT Exploration Inc.)
LATEST NEWS!!
Kat Exploration Inc. Signs Letter of Intent to Purchase 100% of the "Twi-Lite" High Grade Gold Property
MOUNT PEARL, Newfoundland, Dec 09, 2009 -- Kat Exploration Inc. (Pink Sheets:KATX) and "Steve Courtney" are pleased to announce the signing of a Letter of Intent ("LOI") with respect to the purchase of the "Twi-Lite" gold property.
The LOI confirms Kat's intention to acquire 100% of the "Twi-Lite" Property in consideration for CAD$144,000 and no common shares, over a period of 3 years. Courtney will retain a 2% NSR on the "Twi-Lite" property with Kat's option to buy back 1% of that NSR.
A formal agreement will be entered into between Kat Exploration and Steve Courtney within the next week or so as due diligence have been completed with an agreement to proceed with the official option documents.
Kat Exploration's continuing vision is to realize shareholder value and wealth through monetization of its projects and potential discoveries through partnerships with significant players with ready capital and production expertise.
The gold price trend is, and has been, steadily moving upwards. The average price of gold has defined the long term trend and markets remain bullish.
It is Kat Exploration's goal to be better positioned to generate greater shareholder value by focusing on adding to its portfolio/ acquisitions of gold properties. Although Kat's primary exploration focus will be the identification of gold deposits, its exploration horizon will also encompass base metals as well.
About Kat Exploration Inc Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
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(PINKSHEETS: ERRCF - Encore Renaissance Resources Corp.)
LATEST NEWS!!
Encore Renaissance Resources Discovers Three New Mineralized Veins While Preparing Underground Tunnel Towards Main Zone
VANCOUVER, BRITISH COLUMBIA, Dec 10, 2009 -- ENCORE RENAISSANCE RESOURCES CORP. (TSX VENTURE: EZ)(FRANKFURT: OUH1)(PINK SHEETS: ERRCF) Encore Renaissance Resources Corp. (the "Company") reports that exploration work has encountered three new mineralized veins. These veins were revealed during the completion of the surface exploration work program and while preparing to develop its underground workings.
Michael Mulberry, President of Encore commented, "The discovery of additional veins in close proximity to the known veins on the property is very encouraging and management anticipates that these new veins will add to the company's long term growth." The Portal Entrance to the planned underground development is the starting point of the planned decline/ramp. This ramp will give the company underground access to the 14 known veins on the property, as it continues mining its bulk test sample.
The Portal Entrance, which is set on the Raven vein, has provided the positive discovery of more sulphide mineralization than was anticipated. By advancing the decline/ramp underground, the company expects to intersect all 3 new veins located between the Raven and The Eagle veins. The onset of winter conditions and mobilization of production demands have not yet allowed full investigation of these additional veins but it is known that they do contain sulphide mineralization.
The discovery of these additional veins in close proximity to the Raven and Eagle veins which contain high sulphide content, are adding to the company's long term bulk test mining potential. Each vein will be tested during the mining process to determine the overall grade of the mineralization.
The company is very encouraged by this development that is adding to the 14 known sulphide rich veins on the property.
The company is continuing the underground bulk mining test adding to its shipments of mineralized rock to Kinross Gold's mill in Washington State for processing.
Encore is a well diversified junior with projects that include its flagship property, The Bonaparte Gold Mine, located near Kamloops, British Columbia. Encore also has approximately 5,200 contiguous acres bordering Underworld Resources in the Yukon, approximately 160,000 contiguous acres of land prospective for lithium in Alberta, 30 claims at the Dolly Varden Copper Gold Property located in North Eastern Nevada, USA and 6,660 acres of land in the Stewart Mining Region of British Columbia.
This release has been reviewed by Laurence Stephenson P.Eng. the designated Qualified Person.
On behalf of the Board of Directors Michael Mulberry, President and Director
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(NASDAQ: DEER - Deer Consumer Products, Inc.)
LATEST NEWS!!
Deer Consumer Products, Inc. Prices Underwritten Public Offering of 6,000,000 Shares of Common Stock
NEW YORK, Dec 11, 2009 -- Deer Consumer Products, Inc. ("Deer") (Nasdaq: DEER; website: http://www.deerinc.com ), a leading Chinese designer, manufacturer and seller of quality small home and kitchen electric appliances to both global and Chinese domestic consumers, announced today the pricing of a public offering of 6,000,000 shares of its common stock at a public offering price of $11.00 per share. Deer has granted the underwriters an over-allotment option to purchase 900,000 additional shares of common stock at the public offering price. The offering is subject to customary closing conditions and is expected to close on December 16, 2009.
The net proceeds to Deer, after deducting underwriting discounts and commissions, excluding any exercise of the underwriters' over-allotment option and any expenses or advisory fees related to the offering, are expected to be approximately $61,686,000. Deer intends to use the net proceeds from the offering for general corporate purposes including the expansion of our product offerings in China, expanding Chinese domestic market sales, and to meet working capital needs.
William Blair & Company, L.L.C. and BMO Capital Markets Corp. are acting as joint book-running managers for this offering.
Deer's registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on November 4, 2009. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus supplement and base prospectus relating to the offering may be obtained by visiting EDGAR on the SEC's Web site at http://www.sec.gov and from William Blair & Company, L.L.C., 222 West Adams Street, Chicago, Illinois 60606, Attention: Syndicate (telephone: 1-312-236-1600).
About Deer Consumer Products, Inc.
Deer Consumer Products, Inc. (http://www.deerinc.com ) is a NASDAQ Global Market listed U.S. public company headquartered in China. Supported by more than 103 patents, trademarks and copyrights and approximately 1,900 company-trained seasonal and full-time production workers, Deer is a leading Chinese designer, manufacturer and seller of quality small home and kitchen electric appliances both in the China domestic market and to export markets. Deer's product lines include blenders, juicers, soy milk makers and other home appliances designed to make today's lifestyles simpler and healthier. With more than 100 global and domestic clients/branded products, including Black & Decker(R), Ariete, Disney, Toastmaster, Magic Bullet, Back to Basics and Wal-Mart, Deer has enjoyed rapid sales and earnings growth in the recent years.
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(NASDAQ: OESX - Orion Energy Systems, Inc.)
LATEST NEWS!!
Orion Energy Systems, Solyndra Form Strategic Alliance to Deliver Green Energy
White House Meeting Yields Partnership Between Industry Leaders
MANITOWOC, Wis., Dec 11, 2009 -- After researching photovoltaic systems for two years, Orion Energy Systems Inc. (Nasdaq:OESX) has formed a strategic partnership with Solyndra Inc., the leading manufacturer of commercial grade PV solar technology.
Solyndra's holistic long-term business philosophy aligns well with Orion's, including innovative technology and vertically integrated manufacturing that combine to offer a product able to deliver the promise of clean energy to Orion's customers for the next 25 years.
Orion's and Solyndra's technologies complement each other well. Because Solyndra's cylindrical PV panels lie flat, they don't block sunlight valuable to Orion's Apollo(R) solar light pipes, which harvest daylight and direct it to a facility floor using no electricity.
"Our reputation for delivering results among our existing install base, encompassing more than 800 million square feet, uniquely positions Orion to integrate clean distributed energy into our customers' 5,000 facilities," said Orion CEO Neal Verfuerth. "As an organization, we've developed a core competency around application engineering and project implementation in all types of operations to include the most complex of facilities throughout North America." John Scribante, president of Orion's Technology Ventures division, said existing and new customers are enthusiastic about the new technology. "We've already begun the deployment of 600 kilowatts of solar capacity into two of our existing Fortune 500 customers' facilities," he said.
Verfuerth and Solyndra CEO Chris Gronet, Ph.D., met at a White House meeting on March 23, when President Barack Obama applauded Orion and Solyndra in a speech promoting clean energy, the creation of green collar jobs and the importance of energy efficiency and clean technology.
Orion has deployed its energy management systems in 5,082 facilities across North America, including 120 of the Fortune 500 companies. Since 2001, Orion technology has displaced more than 477 megawatts, saving customers more than $710 million and reducing indirect carbon dioxide emissions by 6.1 million tons.
Solyndra Inc. designs and manufactures photovoltaic systems, comprised of panels and mounting hardware, for the commercial rooftop market. Solyndra employs high-volume manufacturing based on proven technologies and processes to meet the needs of the global solar market. Using proprietary cylindrical modules and thin-film technology, Solyndra systems are designed to provide the lowest installed cost per system and the highest solar electrical energy output for typical low slope commercial rooftops. Headquartered in Fremont, Calif., Solyndra operates a state-of-the-art 300,000-square-foot, fully automated manufacturing complex. For more information, visit www.solyndra.com.
Orion Energy Systems Inc. (Nasdaq:OESX) is a leading power technology enterprise that designs, manufactures and implements energy management systems, consisting primarily of high-performance, energy-efficient lighting platforms, intelligent wireless control systems and direct renewable solar technology for commercial and industrial customers without compromising their operations. For more information, visit www.oesx.com.
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(NASDAQ: PRPX - Portec Rail Products, Inc.)
LATEST NEWS!!
Portec Rail Products, Inc. Announces Fourth Quarter 2009 Dividend
PITTSBURGH, Dec 11, 2009 -- The Board of Directors of Portec Rail Products, Inc. (Nasdaq:PRPX) announced the declaration of the Company's fourth quarter 2009 dividend of six cents per share. The cash dividend will be paid on December 31, 2009 to shareholders of record on December 21, 2009.
Portec Rail Products, Inc., headquartered in Pittsburgh, Pennsylvania, manufactures, supplies and distributes a broad range of railroad products, including rail joints, rail anchors and spikes, railway friction management products, railway wayside data collection and data management systems and load securement systems. The Company's largest business unit, the Railway Maintenance Products Division, operates a manufacturing and assembly plant in Huntington, West Virginia, an engineering and assembly facility in Dublin, Ohio (Salient Systems), and is also headquartered in Pittsburgh. The Company also has two Canadian subsidiaries, one of which is headquartered near Montreal with a manufacturing operation in St. Jean, Quebec and the other headquartered in Vancouver, British Columbia that is a technology and manufacturing facility (Kelsan Technologies). In addition, the Company sells load securement systems to the railroad freight car market through its Shipping Systems Division located near Chicago, Illinois. The Company also manufactures railway products and material handling equipment in the United Kingdom with operations in Leicester, England and Sheffield, England. Portec Rail Products, Inc.'s web site address is www.portecrail.com.
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(NASDAQ: RENT - Rentrak Corp.)
LATEST NEWS!!
Rentrak Announces Top Ten Movies-On-Demand Titles for Week Ending December 6, 2009
---- Rentrak's OnDemand Essentials Measures Video-On-Demand Television at a Full Census Level--
PORTLAND, Ore., Dec 11, 2009 -- Rentrak Corporation (Nasdaq: RENT), today announced the top ten movies-on-demand (VOD) titles based on consumer transaction rate. Movies-on-demand are transactional (pay-per-purchase) films available through cable and telco providers. According to the company's OnDemand Essentials service, the top ten most-viewed titles, per data collected from November 30 through December 6, 2009 include:
Rentrak Top Ten VOD Titles
BOX
VOD MPAA OFFICERANK TITLE STUDIO RELEASE DATE RATING ($M)
---- ----- ------ ------------ ------ ------Warner
1 Four Christmases Bros. 11/24/09 PG-13 120.1
--- ---------------- ------ -------- ----- -----Warner
2 Terminator Salvation Bros. 12/1/09 PG-13 125.3
--- -------------------- ------ ------- ----- -----3 Angels & Demons Sony 11/24/09 PG-13 133.4
--- --------------- ---- -------- ----- -----4 Funny People Universal 11/24/09 R 51.9--- ------------ --------- -------- --- ----5 G.I. Joe: the Rise of Cobra Paramount 11/25/09 PG-13 150.2
--- --------------------------- --------- -------- ----- -----6 The Goods: Live Hard, Sell Hard Paramount 12/01/09 R 15.1
--- ------------------------------- --------- -------- --- ----7 Ice Age: Dawn of the Dinosaurs Fox 11/24/09 PG 196.7
--- ------------------------------ --- -------- --- -----Warner
8 My Sister's Keeper Bros. 11/17/09 PG-13 49.2
--- ------------------ ------ -------- ----- ----9 The Ugly Truth Sony 11/10/09 R 88.9
--- -------------- ---- -------- --- ----Transformers: Revenge of The
10 Fallen Paramount 11/18/09 PG-13 402.1
--- ---------------------------- --------- -------- ----- -----Source: Rentrak OnDemand Essentials, as dated, rank based on Transaction Rate. OnDemand Essentials includes reporting from Operator partners on Television On Demand usage.
A(C) Rentrak Corporation 2009 -Content in this chart is produced and/or compiled by Rentrak Corporation and its OnDemand Essentials data collection and analytical service, and is covered by provisions of the Copyright Act. The material presented herein is intended to be available for public use. You may reproduce the content of the chart in any format or medium without first obtaining permission, subject to the following requirements: (1) the material must be reproduced accurately; and (2) any publication or issuance of any part of the material to others must acknowledge Rentrak Corporation as the source of the material.
About OnDemand Essentials(R) OnDemand Essentials, a service of Rentrak's Advanced Media & Information Division, provides operators, content providers (including broadcast/cable networks, studios) and advertisers with a transactional tracking and reporting system to view and analyze on-demand content. The product is an extension of Rentrak's Essentials suite of business intelligence products customized for the entertainment industry. OnDemand Essentials clients have password protected, near real-time, Web browser-based 24/7 access to on demand consumer usage data at various access levels based on business and privacy rules. A sophisticated toolset aggregates and reports data across multiple vendors in one easy to use report system. Clients using the OnDemand Essentials system are able to instantly analyze and interpret their own business data to identify trends, program and promote more effectively, as well as track their performance against the broader business sector in which they operate.
About Rentrak Corporation Rentrak Corporation, based in Portland, Oregon, is an information management company serving clients in the media, entertainment, retail and advertising industries. The company's Entertainment Essentials(R) suite of services is redefining media measurement in the digital broadband era. Entertainment Essentials provides customers with near-real-time, actionable insight into performance of content distributed over a wide variety of modern media technologies. Available by license or subscription, each Entertainment Essentials application allows executives to analyze detailed industry-wide and title-specific data to make decisions that enhance the bottom line and provide competitive advantage. For further information, please visit Rentrak's corporate website at http://www.rentrak.com.
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