(ORFG, PWRM, GSL, FSS, AIQ) Stock Updates by DrStockPick.com
Wednesday, March 16th, 2011
Orofino Gold Corp. (ORFG)
Gold mining companies invest as much as 4.5 billion U.S. dollars over the next ten years in Colombia, attracted by rich unexplored and soaring prices, Arturo Quiros, the head of the country’s miners Asomineros group said on the sidelines of a seminar on mining in capital Bogota.
Colombia is set to attract 4.5 billion dollars of FDI in 2010-2020 in gold, the gold companies to invest 400 million dollars in 2010, Companies producing 3 million ounces of gold in 2015.
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’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. (ORFG) recently announced that the appointment of Mr. Salvador Rivero to the company’s Board of Directors. Mr. Rivero brings to Orofino a wealth of knowledge in the areas of business, corporate finance, and mining operations. After graduating from law school in Mexico, Mr. Rivero spent the next 25 years developing a thorough understanding of the processes necessary to successfully discover, acquire, and develop, mineral concessions with the potential of containing valuable mineral deposits. Considered by Orofino as an acquisitions specialist, Mr. Rivero has been involved in the development of various turn-key projects in mining, energy, fertilizer, oil and gas, and shipping sectors.
For more information please visit the official website of ORFG: http://www.orofinogoldcorp.com/
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Power 3 Medical Products Inc. (PWRM)
Parkinson’s disease is a disorder that affects nerve cells, or neurons, in a part of the brain that controls muscle movement. In Parkinson’s, neurons that make a chemical called dopamine die or do not work properly. Dopamine normally sends signals that help coordinate their movements. No one knows what damages these cells. Parkinson’s usually begins around age 60, but it can start earlier. It is more common in men than in women. There is no cure for Parkinson’s disease. A variety of medicines sometimes help symptoms dramatically.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases.
The NuroPro Blood Test is Power3’s diagnostic tool for the early detection of Neurodegenerative diseases. The analysis is designed as a tool for physicians to diagnose various degenerative diseases of the brain and nervous system. The test involves monitoring the concentration of 59 proteins in blood serum to accurately detect and distinguish between Alzheimer’s disease, ALS (Lou Gehrig’s disease), and Parkinson’s disease . Early detection of these diseases will allow physicians to intervene at an early stage to delay disease progression, potentially allowing patients to outlive their debilitating symptoms.
For more information about Power3 Medical Products, Inc. visit its website http://www.power3medical.com.
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Global Ship Lease, Inc. (NYSE:GSL) announced its unaudited results for the three months ended December 31, 2010. Reported revenue of $40.0 million for the fourth quarter of 2010, up slightly on $39.9 million for the fourth quarter 2009 due to 16 days offhire in fourth quarter 2009 for a planned drydocking. Revenue for the year ended December 31, 2010 was $158.8 million, up 7% on $148.7 million for the year ended December 31, 2009 due to the full year effect of our seventeenth vessel purchased in August 2009 and better utilization from lower offhire. Reported net income of $1.2 million for the fourth quarter of 2010, including an $11.7 million non-cash interest rate derivative mark-to-market gain and $17.1 million impairment charge. Reported net income for the fourth quarter 2009 was $12.3 million, including $5.1 million non-cash mark-to-market gain. The net loss for the year ended December 31, 2010 was $4.0 million including $15.3 million non-cash interest rate derivative mark-to-market loss and $17.1 million impairment charge compared to net income of $42.4 million for the year ended December 31, 2009 including $17.9 million non-cash interest rate derivative mark-to-market gain and $2.2 million accelerated write off of deferred financing costs.
Global Ship Lease, Inc. engages in owning and chartering out containerships under long term time charters. As of September 30, 2010, the company’s fleet consisted of 17 containerships with an aggregate capacity of 66,297 twenty-foot equivalent unit and a weighted average age of approximately 6.6 years.
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Federal Signal Corp. (NYSE:FSS) announced that its Bronto Skylift Oy Ab (”Bronto”) subsidiary has entered into exclusive supply and distribution agreements with Pierce Manufacturing Inc. (”Pierce”), a wholly-owned subsidiary of Oshkosh Corporation (NYSE:OSK). Under the terms of the agreements, Bronto will become Pierce’s sole source of articulated aerial platform booms for firefighting applications in the North American market, and those devices will be distributed exclusively through Pierce’s network of independent dealers.
Federal Signal Corporation designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers worldwide.
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Alliance Healthcare Services, Inc. (NYSE:AIQ) announced results for the fourth quarter and year ended December 31, 2010. Revenue for the fourth quarter of 2010 was $117.7 million compared to $119.5 million in the fourth quarter of 2009. For full year 2010, revenue was $478.9 million, which was within the Company’s guidance range of $470 million to $500 million. Full year 2009 revenue was $505.5 million. Alliance’s Adjusted EBITDA (as defined below) was $35.0 million in the fourth quarter of 2010 compared to $38.2 million in the fourth quarter of 2009. For full year 2010, Adjusted EBITDA totaled $158.1 million, which was within the Company’s guidance range of $155 million to $180 million. Full year 2009 Adjusted EBITDA was $180.3 million. Alliance’s net loss, computed in accordance with GAAP, totaled ($29.6) million in the fourth quarter of 2010 and ($11.0) million in the fourth quarter of 2009. Full year 2010 net loss totaled ($32.7) million compared to net income of $0.5 million for full year 2009. Net loss per share on a diluted basis, computed in accordance with generally accepted accounting principles (”GAAP”), was ($0.56) per share in the fourth quarter of 2010 and ($0.21) per share in the fourth quarter of 2009.
Alliance HealthCare Services, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services and radiation oncology services in the United States.
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