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www.StockMarketingInc.com: Wake Up People!! Sign Up For The Free Newsletter!! SRGL,MICC,WATG,COGT,BMGP,JOYG
Nov 30, 2009 (M2 PRESSWIRE via COMTEX) --
STOCK MARKETING INC PRESENTS : (OTCBB: SRGL) Source Gold Corp., (NASDAQ: MICC) Millicom International Cellular S.A., (NASDAQ: WATG) Wonder Auto Technolgies, Inc., (NASDAQ: COGT) Cogent, Inc., (PINKSHEETS: BMGP) Biomagnetics Diagnostics Corp., (NASDAQ: JOYG) Joy Global, Inc.
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(OTCBB: SRGL - Source Gold Corp.)
LATEST NEWS!!
Source Gold Corp. Identifies High Grade Gold and Copper From Initial Sampling Program
CALGARY, ALBERTA, Nov 27, 2009 -- Source Gold Corp. (OTCBB: SRGL) is pleased to announce that the company has received initial results from samples assayed by Accurassay Laboratories in Thunder Bay, Ontario, Canada. The samples were taken from the KRK West Property in the Beardmore-Geraldton Greenstone Belt in Northwestern Ontario, Canada.
Based upon the initial exploration program of trenching, channel sampling, geological mapping and a TEM survey covering our claim group on over 15 square miles of the KRK West Property, the Company has identified three main areas of interest.
The first area of interest is the Little Brother Claim Group, where a number of samples were taken from an area along a northern grandiorite with intermediate volcanics, which yielded visible gold occurrences. Assay results from this initial sampling program have yielded very encouraging high-grade gold assays of 9.55/oz per ton (270.74 grams/ton). Separate samples assayed from this area have similarly yielded very high-grade copper of 15.5%.
The second area of interest is close to the eastern portion of the property east of Peddle Lake. This area is the most active on the property where a number of drill collars belonging to a previous operator were drilled during the 1970's. The ground observations in the trenches and historical assessment have indicated a large disrupted zone carrying high gold and silver values.
The third area of interest is the most westerly area of the property near Musca Lake, along a continuous shear zone. The Musca Lake zone consists of a quartz flooded shear which pinches and swells along its strike length.
"These high-grade gold and copper assay results are amongst the highest values I have witnessed to date in my career," Lauren Notar, President of Source Gold Corp. comments. "We are very excited by our initial trenching and sampling program which has uncovered a number of highly mineralized areas of interest. As more samples are assayed, we look forward to better understanding the distribution of the occurrences and controls on mineralization within our claim group." The Company will continue with an aggressive exploration program, centered on the major fault lines and areas of interest which traverse our mineral claims. Accurassay Laboratories is currently processing more than 250 trench samples from the Company's three main areas of interest on the KRK West Property, and further assay results are expected within the next few weeks.
About Source Gold Corp.
Source Gold Corp. is a publicly traded junior mineral exploration company trading under the symbol SRGL.OB. The Company's corporate philosophy is to build shareholder value through the exploration and development of high quality mining and exploration projects in Canada, concentrating on gold in the prolific Beardmore-Geraldton Gold Camp in North Western Ontario.
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(NASDAQ: MICC - Millicom International Cellular S.A.)
LATEST NEWS!!
Millicom International Cellular: Dividend Policy
NEW YORK & STOCKHOLM, Nov 30, 2009 -- Millicom International Cellular S.A. ("Millicom") (STO:MIC) (NASDAQ:MICC) today announces that the Board of Millicom is proposing to commence payment of a regular annual dividend.
Under the proposed policy, the Board intends to recommend a dividend of not less than 25% of annual net income (before exceptional items*), subject to a minimum annual dividend of USD 1.20 per share. The Board is recommending a dividend for the 2008 year of USD 1.24, to be paid around 5 January 2010. This payment is subject to the approval of shareholders at an Extraordinary General Meeting to be held on 18 December 2009.
Mikael Grahne, President and CEO of Millicom, said: "After several years of significant investment and cash outflows, Millicom has built a number of strong market positions through rapid revenue growth and market share gains. Over the last year, in a tough economic environment, we have outperformed competition while becoming highly cash generative. Looking ahead, we believe we will be able to deliver further growth through continued investment, while paying a regular dividend to shareholders out of strong and sustainable annual cash flow. This new policy reflects the confidence of the Board and management in the future prospects of the business.
"We will provide a further update on our plans for capital deployment at the time of our Q4 2009 earnings release on 10 February 2010."
* Exceptional items may include, among other things, foreign exchange movements on net debt, gains/losses on disposal of assets, and other items outside the ordinary course of business Millicom International Cellular S.A., Luxembourg Visit our web site at http://www.millicom.com Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 14 countries in Asia, Latin America and Africa. It also operates cable and broadband businesses in five countries in Central America. The Group's mobile operations have a combined population under license of approximately 266 million people.
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(NASDAQ: WATG - Wonder Auto Technolgies, Inc.)
LATEST NEWS!!
Wonder Auto Technology Announces Employee Stock Option Awards
--To Incentivize Key Employees to Target a 31% CAGR of Growth in Pro Forma Net Income from 2009 to 2011--Option Strike Price Set at $11.48 per Share
JINZHOU CITY, China, Nov 30, 2009 -- Wonder Auto Technology, Inc. (Nasdaq: WATG) ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electric parts, suspension products and engine components in China, today announced that the compensation committee of the board of directors of the Company has approved an employee stock option award.
As part of the Company's 2008 Employee Incentive Plan (the "Plan"), the Company's compensation committee has approved the grant of 1,674,400 stock options, approximately 5% of total shares outstanding, to approximately 109 eligible key employees and directors which will vest over 3 years upon achievement of certain targeted annual pro forma net income thresholds of US$23 million for 2009, US$34.5 million for 2010 and US$42.3 million for 2011. One-third of the options will vest each year upon achievement of the respective targeted pro forma net income threshold. As approved by the compensation committee, the targeted pro forma net income equals the after-tax net income as reported in the Company's Annual Report on Form 10-K plus any non-cash expenses, including, but not limited to, non-cash compensation expenses resulting from any grant of option award under the Plan, foreign exchange loss resulting from loans denominated in foreign currency and redemption accretion on convertible notes (if any). The awards allow for 5% deviation from the respective pro forma net income threshold. The options have a strike price of $11.48 per share and will terminate at the last business day of the 15th months after the respective vesting date.
Mr. Qingjie Zhao, Chief Executive Officer of Wonder Auto, commented, "This incentive plan will inject great enthusiasm into the management team and key employees throughout the Wonder Auto organization to reach our goal of achieving a compound annual growth rate of approximately 31% in pro forma net income from 2009 to 2011." About Wonder Auto Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts, suspension products and engine components. Wonder Auto ranked second and third in sales revenue in the Chinese market for automobile alternators and starters in 2008, respectively. Wonder Auto's products are used in a wide range of passenger and commercial automobiles with special focus on the fast-growing small- to medium-engine passenger vehicle market. For more information, please log on http://www.watg.cn .
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(NASDAQ: COGT - Cogent, Inc.)
LATEST NEWS!!
Cogent Systems to Present at the Credit Suisse 2009 Aerospace and Defense Conference
Presentation to be Webcast on December 2nd at 1:45 p.m. ET
PASADENA, Calif., Nov 30, 2009 -- Cogent Systems (Nasdaq: COGT) today announced participation in the following upcoming event with the financial community: Credit Suisse 2009 Aerospace and Defense Conference Presentation Date: Wednesday, December 2, 2009 Time: 1:45 p.m. ET Presenters: Ming Hsieh, Chief Executive Officer and Paul Kim, Chief Financial Officer Interested parties can log into these events through the Investor Relations section of Cogent's website at www.cogentsystems.com.
About Cogent Systems Cogent is a global biometric identification solutions provider to governments, law enforcement agencies, and commercial enterprises. Cogent provides the highest quality identification systems, products and services with leading technology, accuracy and speed. Cogent's Automated Fingerprint/Palmprint Identification Systems, or AFIS, enable customers to capture fingerprint and palm print images electronically, encode prints into searchable files, and accurately compare a set of fingerprints/palm prints to a database containing potentially millions of prints in seconds. For more information, please visit www.cogentsystems.com.
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(PINKSHEETS: BMGP - Biomagnetics Diagnostics Corp.)
LATEST NEWS!!
Biomagnetics Signs Contract With Los Alamos National Security
SAN FRANCISCO, Nov 30, 2009 -- Biomagnetics Diagnostics Corp. (PINK SHEETS:BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis and malaria detection, today announced the Company has finalized a "Patent License Agreement with Los Alamos National Security." Under the agreement, Biomagnetics will have access to the Triggered Optical Biosensor and Integrated Optical Biosensor System (IBOS) technology, developed at Los Alamos National Laboratory.
IOBS are a relatively new classification of pathogen detection equipment that use advanced fiber optic-based technology to detect a wide variety of human and animal pathogens. These devices are specifically designed to be field deployable and ultra-portable, allowing for the rapid detection of various viral and bacterial pathogens by relatively untrained personnel outside of the laboratory setting.
"We are very excited to have completed this agreement with Los Alamos National Security, which gives us access to some of the most technologically advanced and exciting biosensor technology in existence. The Integrated Optical Biosensor (IBOS) we plan to introduce into the marketplace, the technology developed at Los Alamos National Laboratory, is truly revolutionary. Additionally, the platform was specifically designed to be operated by personnel with only minimal training. These features make IBOS the perfect platform for field and point of care testing for the diagnosis of HIV/AIDS, hepatitis, malaria, cholera and potentially dozens of other diseases that kill millions of people each year. We look forward to working with the lab personnel on this and other endeavors." According to the World Health Organization, some 3.2 billion people, or about half of the world's population is at risk for malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. In the case of malaria, early detection substantially improves treatability and survivability. TB (tuberculosis) is the second leading cause of death from infectious disease worldwide. Bovine TB is a growing problem throughout the world with an estimated 1.3 billion cattle at risk. In the United States, where the cattle industry is valued at $60 billion annually, the use of existing diagnostic tests currently adds $5.00 to $15.00 on average per head to the cattle industry's costs. Field deployable, integrated optical biosensor systems hold the promise of significantly speeding the diagnostic testing process and meaningfully lower costs.
About Biomagnetics Diagnostics Corp.
Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company's revolutionary diagnostic systems, which are based on advanced magnetics and fiber optics, test for any viral or bacterial disease. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies. More information on Biomagnetics Diagnostics Corp. can be seen at www.BiomagneticsBMGP.com
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(NASDAQ: JOYG - Joy Global, Inc.)
LATEST NEWS!!
Joy Global Inc. Announces Fourth Quarter and Fiscal Year 2009 Earnings Release and Conference Call Information
MILWAUKEE, Nov 30, 2009 -- Joy Global Inc. (NASDAQ: JOYG) announced today that it will release fourth quarter and fiscal year 2009 earnings results prior to the opening of business on Wednesday, December 16, 2009. A conference call is scheduled for 11:00 a.m. EST that same day to discuss the financial results. Interested parties can listen to the call by dialing 800-649-5127 in the United States or 706-679-0637 outside of the United States, access code #42601249, at least 15 minutes prior to the 11:00 a.m. EST start time of the call. A rebroadcast of the call will be available until the close of business on January 29, 2010 by dialing 800-642-1687 or 706-645-9291, access code #42601249.
Alternatively, interested parties can listen to a live webcast of the call on the Joy Global Inc. web site at http://investors.joyglobal.com/events.cfm. To listen, please register and download audio software on the site at least 15 minutes prior to the start of the call. A replay of the webcast will be available until the close of business on January 29, 2010.
Joy Global Inc. is a worldwide leader in manufacturing, servicing and distributing equipment for surface mining through P&H Mining Equipment and underground mining through Joy Mining Machinery.
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