Stock Learning

Mon, Mar 15, 2010 12:00 - Polaris Metals Ltd. (PLRSF: Grey Market) - Deleted Symbol - As of Mon, Mar 15, 2010, PLRSF is no longer a valid symbol. You may find a complete list of deleted symbols at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Orleans Homebuilders, Inc. (OHB: Grey Market) - Venue Change - The symbol, OHB, no longer trades on NYSE Amex. As of Mon, Mar 15, 2010, OHB trades on Grey Market. You may find a complete list of venue changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Orleans Homebuilders, Inc. (OHB: Grey Market) - Symbol Change - The symbol, OHB, is no longer a valid symbol for Orleans Homebuilders, Inc.. As of Mon, Mar 15, 2010, the new trading symbol is OHBIQ. You may find a complete list of symbol changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - ZCI Limited (ZMBBY: Grey Market) - Symbol Change - The symbol, ZMBBY, is no longer a valid symbol for ZCI Limited. As of Mon, Mar 15, 2010, the new trading symbol is ZCILY. You may find a complete list of symbol changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Clear Peak Energy, Inc. (WVNX: Pink Quote) - Deleted Symbol - As of Mon, Mar 15, 2010, WVNX is no longer a valid symbol. You may find a complete list of deleted symbols at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Gale Force Petroleum Inc. (GFPMD: Grey Market) - Symbol Change - The symbol, GFPMD, is no longer a valid symbol for Gale Force Petroleum Inc.. As of Mon, Mar 15, 2010, the new trading symbol is GFPMF. You may find a complete list of symbol changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - AmericanWest Bancorporation (AWBC: Pink Quote) - Venue Change - The symbol, AWBC, no longer trades on Nasdaq. As of Mon, Mar 15, 2010, AWBC trades on Pink Quote. You may find a complete list of venue changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Millennium Bankshares Corp. (MBVA: Pink Quote/OTCBB) - Deleted Symbol - As of Mon, Mar 15, 2010, MBVA is no longer a valid symbol. You may find a complete list of deleted symbols at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Liberty Silver Corp. (LCNM: Pink Quote/OTCBB) - Deleted Symbol - As of Mon, Mar 15, 2010, LCNM is no longer a valid symbol. You may find a complete list of deleted symbols at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Image Metrics, Inc. (ICLA: Pink Quote/OTCBB) - Symbol Change - The symbol, ICLA, is no longer a valid symbol for Image Metrics, Inc. . As of Mon, Mar 15, 2010, the new trading symbol is IMGX. You may find a complete list of symbol changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Brazil Gold Corp. (DYMC: Pink Quote/OTCBB) - Symbol Change - The symbol, DYMC, is no longer a valid symbol for Brazil Gold Corp. . As of Mon, Mar 15, 2010, the new trading symbol is BRZG. You may find a complete list of symbol changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Cereplast, Inc. (CERP: Pink Quote/OTCBB) - Deleted Symbol - As of Mon, Mar 15, 2010, CERP is no longer a valid symbol. You may find a complete list of deleted symbols at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Zolon Corp. (AVNT: Pink Quote/OTCBB) - Deleted Symbol - As of Mon, Mar 15, 2010, AVNT is no longer a valid symbol. You may find a complete list of deleted symbols at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - CryoPort, Inc. (CYRXD: Pink Quote/OTCBB) - Symbol Change - The symbol, CYRXD, is no longer a valid symbol for CryoPort, Inc.. As of Mon, Mar 15, 2010, the new trading symbol is CYRX. You may find a complete list of symbol changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Dynamic Alert Ltd. (BRZG: Pink Quote/OTCBB) - Company Name Change - Dynamic Alert Ltd. has changed its name to Brazil Gold Corp. . The change goes into effect as of Mon, Mar 15, 2010. You may find a complete list of company name changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Zambia Copper Investments Ltd. (ZCILY: Grey Market) - Company Name Change - Zambia Copper Investments Ltd. has changed its name to ZCI Limited. The change goes into effect as of Mon, Mar 15, 2010. You may find a complete list of company name changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Lincoln Mining Corp. (LCNM: Pink Quote/OTCBB) - Company Name Change - Lincoln Mining Corp. has changed its name to Liberty Silver Corp.. The change goes into effect as of Mon, Mar 15, 2010. You may find a complete list of company name changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Wavenetworx, Inc. (WVNX: Pink Quote) - Company Name Change - Wavenetworx, Inc. has changed its name to Clear Peak Energy, Inc.. The change goes into effect as of Mon, Mar 15, 2010. You may find a complete list of company name changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - International Cellular Accessories (IMGX: Pink Quote/OTCBB) - Company Name Change - International Cellular Accessories has changed its name to Image Metrics, Inc. . The change goes into effect as of Mon, Mar 15, 2010. You may find a complete list of company name changes at otcmarkets.com.

Mon, Mar 15, 2010 12:00 - Aventura Holdings, Inc. (AVNT: Pink Quote/OTCBB) - Company Name Change - Aventura Holdings, Inc. has changed its name to Zolon Corp.. The change goes into effect as of Mon, Mar 15, 2010. You may find a complete list of company name changes at otcmarkets.com.

Sun, Mar 14, 2010 10:53 - Starpharma Holdings Ltd. (SPHRY: Pink Quote) released their Home Country News Release concerning Successful completion of VivaGel study in sexually active women. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29848.

CEO Open Letter To ZNext Mining - PEARL Asian Mining SHAREHOLDERS & INVESTORS

 

 

Libona, Bukidnon, Philippines (Market Wire) – March 15, 2010 – ZNEXT Mining Corp Inc. (PEARL Asian Mining - OTC.PK Stock Symbols: ZNXT for Common: ZNXPP for Preferred) presents CEO Letter to all Shareholders and Investors.

 

To Our Valued Shareholders & Investors

 

I am writing on behalf of the members of the Board of Directors of  PEARL Asian Mining –  ZNext  Mining, but first, please accept my congratulations and sincere thanks on being a shareholder in PEARL Asian Mining Industries Inc. –ZNEXT Mining (Symbols: ZNXT / ZNXPP). As a shareholder of PEARL Asian Mining Industries Inc- ZNEXT Mining, I am sure you will be excited when you learn about the progress we are making to enhance the value of your investment.

 

Our primary business objective is to take our current mining claims to full production and development of our small scale mining operations, re-enhancement of our existing gold processing plant in Gango, Bukidnon and finally the production of the refined and internationally hallmarked gold, silver and other precious metals. There will be a continued focus on obtaining our large scale mining permit called “MPSA”, the expansion and acquisition of other interests related to the mining and other natural resources in various islands of the Philippines. These continued efforts are aimed at providing genuine value for your stock and interest in PEARL Asian Mining Industries Inc. Additional facts and information are detailed on our website www.pearlmining.com. I invite you to visit to learn more about your investment from our website and do not hesitate to contact us directly instead of relying on the other sources where stock bashers are present to discourage investors and to destroy the company.

 

The main purpose of this letter is to announce our company’s final step in the capital restructuring, with the goal in mind of becoming a fully reporting public company both in the U.S.A and Europe. A Special Board Meeting of PEARL Asian Mining Industries Inc. was held in Bukidnon, Philippines on March 8, 2010, discussed our “2010 Business Goal” of being traded on the Deutsche of Boerse, Germany and engaging the legal services of a USA SEC Lawyer to assist our company for all its current and future SEC reporting requirements. The realities are stark and inarguable.

 

We are fully aware of the effect and implication of the various past management corporate actions not only to our valued shareholders and investors but to our company as a whole. We also recognize that it had drastic effects on the massive short-selling of OTC. Pinks companies like ours that has become habitual in the marketplace. Despite the short-term painful effects of the past corporate actions, our new managerial decisions and transitions that were announced in the recent 2010 Press Releases, believe it is in the best long-term interest of the company and its shareholders.

 

As many of you are aware, throughout nearly six years, PEARL Asian Mining Industries Inc, had crawled, walked and limped, and thus ended up in becoming victim of naked short sellers and stock manipulations with a massive and uncontrollable stock float, (past Stock Symbol: PAIM), as well as becoming a victim of the disloyalty of its several top management officers and directors.

 

PEARL Asian Mining Industries Inc - ZNEXT Mining had been the victim of people like the known “stock bashers.”  These people with anonymous posters, including the former VP/ Business Dev. & IR Officer- Gary Gotanco, had posted defamatory communications on stock chat websites. Some of them may be paid by short sellers or by predatory persons seeking to drive the PEARL Asian – ZNEXT Mining Stock down so they can buy them cheap, or even by competitors.

 

       Click link:  PEARL Asian Identified its “Stock Bashers”

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29844

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29845

 

There was no easy solution to stop the spread of this cancer-like disease that affected our company. PEARL Asian Mining Industries Inc - ZNEXT Mining believed in itself and continued to withstand all these setbacks. We continued to grow and moved forward, despite every negative circumstance that we faced. We are now beginning to reap the rewards of our fortitude in the form of forthcoming revenues, discernible growth and a realistic goal of becoming fully reporting company as well as becoming a European - German publicly traded company. Obviously, success and revenues are the best antidote for all of the ills of the past and we are totally focused on a bright future.

 

Encouraged by our future outlook, we believe our newly hired legal counsel’s advice will be prudent in this matter, that SEC Rules, Regulations and guidelines must be adhered to if we wish PEARL Asian Mining Industries Inc - ZNEXT Mining, become fully accredited as a true public company with a reasonable amount of control over its destiny in the public markets. We must tighten up the slack and the market’s appetite for unbridled short plays. This, we are confident, is in the best interest of everyone!

 

Of course, our company must prove to the public and our shareholders that we care about them and the money invested to the company is well acknowledged and appreciated; that PEARL Asian Mining Industries Inc - ZNEXT Mining is a viable gold mining company and our gold productions and revenues are at hand. We understand your skepticism, and we look forward to reporting to you the results of our 2010 Annual Financial Statements.

 

PEARL Asian Mining Industries Inc - ZNEXT Mining was created and became public with a mission of building an admirable public mining company associated with genuine value. We recognize that to be of genuine value to our shareholders, we must provide sustained liquidity. Our capital restructuring is designed to provide just that. While many investors trade “the numbers game,” we want PEARL Asian Mining Industries Inc - ZNEXT Mining to be attractive primarily on the basis of its fundamentals, its growth strategies, and its tangible results. And, despite the reliance on charts and graphs among certain trading factions, real companies make it through the noise. We want PEARL Asian Mining Industries Inc - ZNEXT Mining to be one of those.

 

Investing in today’s market environment and in the mining industry segment requires homework, diversification and patience. Get-rich-quick schemes come and go all the time. Thus, we urge our valued shareholders to take a prudent approach in setting up an investment strategy with their financial advisors.

 

Lastly, as an investor in PEARL Asian Mining Industries Inc - ZNEXT Mining, it is important for you to know that we respect your privacy. In order for the company to comply with the U.S.A. & European corporate business regulations, it must maintain an updated, complete and accurate list of stockholders, their addresses, the number of shares, classes of stock held, issue date, and the certificate numbers of each stock which they hold. Please know that all such information is privileged and as such will not be made public by the company or its agents except as may be required by the Securities Laws and Regulations of the United States of America.

 

Download Shareholder’s Registration Form:

 

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29846

 

On behalf of the current Directors and Officers of  PEARL Asian Mining Industries Inc - ZNEXT Mining (Symbols: ZNXT-ZNXPP), we thank you in advance for your cooperation, understanding, patience, perseverance and mostly faith in PEARL Asian Mining Industries Inc - ZNEXT Mining. We pledge our every effort to prove ourselves worthy of your trust.

 

I hope you will take the time to visit our Philippines gold mine sites, our web-site – WWW.PEARLMINING.COM and to email link directly to us any questions concerning this matter, please do not hesitate to contact the company at the email address inquire@pearlmining.com, and we will be pleased to answer any questions you might have about PEARL ASIAN MINING INDUSTRIES INC.-ZNEXTMining Corporation.                                                                                                                                  

 

                      Very Truly Yours,

 

          

       

                              Name:   George Faustino Carpio Jr.

                                                                                                                                   Title:     CEO/President

                                    

                    

ABOUT THE COMPANY

Znext Mining Corporation, Inc. (PEARL Asian Mining Industries, Inc.) is an international mining company engaged in the exploration, development of new and underdeveloped mine sites. The company focuses primarily in the small scale mining and production of gold, silver and other precious metals. ZNEXT Mining was assigned 100% of PEARL’s Mineral Production Sharing Agreement (MPSA), equivalent to the Large Scale Mining Permit. This MPSA had been on file in Region V since 2004. ZNEXT Mining Corporation has changed the country of jurisdiction back to the Philippines as Pearl Asian Mining Industries, inclusive of all the Philippines mining assets such as gold-silver, copper, other precious metals and all other mineral explorations plus the assignment of all rights that included the Gango Gold processing plant, gold tunnels among others.                                                                                            

 

FORWARD- LOOKING STATEMENTS    

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. These also include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs, mining and development risks; the risk of commodity price fluctuations; political and regulatory risks, and risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 SOURCE;   ZNext Mining Corp/ PEARL Asian Mining Industries, Inc.

CONTACT:    Investor Relations- ASilverelli Investor Relations Group/ Adam Silver

                        Phone # USA (858) 220-4393 / 888.558.1288     

                        e-mail: Inquire @PEARLMining.com

                  

Sun, Mar 14, 2010 07:56 - ZNext Mining Corp., Inc. (ZNXT: Pink Quote) released their Officer/Director Disclosure concerning CEO Letter to Shareholders & Investors. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29847.

Open Briefing - MD on Further Reserve Upgrade & Strategy

Sun, Mar 14, 2010 07:31 - ZNext Mining Corp., Inc. (ZNXT: Pink Quote) released their Supplemental Information concerning Shareholder's Registration Form. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29846.

Sun, Mar 14, 2010 07:14 - ZNext Mining Corp., Inc. (ZNXT: Pink Quote) released their Supplemental Information concerning Facts on Company's Paid Stock Bashers. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29845.

Sun, Mar 14, 2010 07:02 - ZNext Mining Corp., Inc. (ZNXT: Pink Quote) released their Supplemental Information concerning PEARL Asian- ZNext Mining Identifies Its Stock Basher. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29844.

Sat, Mar 13, 2010 11:41 - ParaFin Corp. (PFNO: Pink Quote) released their Quarterly Report concerning 1st Quarter. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29843.

Sat, Mar 13, 2010 12:14 - Deploy Technologies, Inc. (DPLY: Pink Quote) released their Initial Company Information and Disclosure Statement concerning Deploy Technologies Inc. Disclosure Statement. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29842.

Fri, Mar 12, 2010 08:01 - HUB Power Co., Ltd. (HUPOF: Grey Market) - Ex-Dividend - As of Mon, Mar 15, 2010, HUB Power Co., Ltd. traded ex-dividend. HUB Power Co., Ltd. will disburse a Cash Dividend dividend of $0.65815 to shareholders of HUPOF. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Cereplast, Inc. (CERP: Pink Quote/OTCBB) - Ex-Dividend - As of Mon, Mar 15, 2010, Cereplast, Inc. traded ex-dividend. Cereplast, Inc. will disburse a Reverse Split dividend of 0.025 shares to shareholders of CERP. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Millennium Bankshares Corp. (MBVA: Pink Quote/OTCBB) - Ex-Dividend - As of Mon, Mar 15, 2010, Millennium Bankshares Corp. traded ex-dividend. Millennium Bankshares Corp. will disburse a Reverse Split dividend of 0.02 shares to shareholders of MBVA. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Alabama Power Co. (APRDN: Pink Quote/OTCBB) - Ex-Dividend - As of Mon, Mar 15, 2010, Alabama Power Co. traded ex-dividend. Alabama Power Co. will disburse a Cash Dividend dividend of $1.05 to shareholders of APRDN. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Riverview Financial Corp. (RIVE: Pink Quote/OTCBB) - Ex-Dividend - As of Mon, Mar 15, 2010, Riverview Financial Corp. traded ex-dividend. Riverview Financial Corp. will disburse a Cash Dividend dividend of $0.125 to shareholders of RIVE. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Grayson Bankshares Inc. (Virginia) (GSON: Pink Quote/OTCBB) - Ex-Dividend - As of Mon, Mar 15, 2010, Grayson Bankshares Inc. (Virginia) traded ex-dividend. Grayson Bankshares Inc. (Virginia) will disburse a Cash Dividend dividend of $0.1 to shareholders of GSON. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Alabama Power Co. (APRCP: Pink Quote/OTCBB) - Ex-Dividend - As of Mon, Mar 15, 2010, Alabama Power Co. traded ex-dividend. Alabama Power Co. will disburse a Cash Dividend dividend of $1.13 to shareholders of APRCP. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Alabama Power Co. (APRDP: Pink Quote/OTCBB) - Ex-Dividend - As of Mon, Mar 15, 2010, Alabama Power Co. traded ex-dividend. Alabama Power Co. will disburse a Cash Dividend dividend of $1.18 to shareholders of APRDP. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Liberty Silver Corp. (LCNM: Pink Quote/OTCBB) - Ex-Dividend - As of Mon, Mar 15, 2010, Liberty Silver Corp. traded ex-dividend. Liberty Silver Corp. will disburse a Stock Dividend or Split dividend of 20 shares to shareholders of LCNM. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:01 - Alabama Power Co. (ALAWP: Pink Quote) - Ex-Dividend - As of Mon, Mar 15, 2010, Alabama Power Co. traded ex-dividend. Alabama Power Co. will disburse a Cash Dividend dividend of $0.40625 to shareholders of ALAWP. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Volkswagen AG (VLKAY: Pink Quote) - Scheduled Ex-Dividend - Volkswagen AG has announced a dividend ex-date for (VLKAY: Pink Quote). Volkswagen AG is scheduled to disburse a Cash Dividend dividend of $0.32042 on Tue, Apr 20, 2010 to shareholders of VLKAY. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Technip (TKPPY: Pink Quote) - Scheduled Ex-Dividend - Technip has announced a dividend ex-date for (TKPPY: Pink Quote). Technip is scheduled to disburse a Cash Dividend dividend of $1.3757 on Thu, May 06, 2010 to shareholders of TKPPY. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Volkswagen AG (VLKPY: Pink Quote) - Scheduled Ex-Dividend - Volkswagen AG has announced a dividend ex-date for (VLKPY: Pink Quote). Volkswagen AG is scheduled to disburse a Cash Dividend dividend of $0.33243 on Tue, Apr 20, 2010 to shareholders of VLKPY. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Tullow Oil Plc. (TUWOY: Pink Quote) - Scheduled Ex-Dividend - Tullow Oil Plc. has announced a dividend ex-date for (TUWOY: Pink Quote). Tullow Oil Plc. is scheduled to disburse a Cash Dividend dividend of $0.02508 on Wed, Apr 14, 2010 to shareholders of TUWOY. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Pioneer Bankshares, Inc. (PNBI: Pink Quote/OTCBB) - Scheduled Ex-Dividend - Pioneer Bankshares, Inc. has announced a dividend ex-date for (PNBI: Pink Quote/OTCBB). Pioneer Bankshares, Inc. is scheduled to disburse a Cash Dividend dividend of $0.15 on Wed, Mar 17, 2010 to shareholders of PNBI. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Sanlam Ltd. (SLLDY: Pink Quote) - Scheduled Ex-Dividend - Sanlam Ltd. has announced a dividend ex-date for (SLLDY: Pink Quote). Sanlam Ltd. is scheduled to disburse a Cash Dividend dividend of $0.6841 on Wed, Apr 21, 2010 to shareholders of SLLDY. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Mercantil Servicios Financieros C.A. (MSFJY: Grey Market) - Scheduled Ex-Dividend - Mercantil Servicios Financieros C.A. has announced a dividend ex-date for (MSFJY: Grey Market). Mercantil Servicios Financieros C.A. is scheduled to disburse a Cash Dividend dividend of $0.97596 on Wed, Apr 28, 2010 to shareholders of MSFJY. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Kimberly-Clark de Mexico, S.A. de C.V. (KCDMY: Pink Quote) - Scheduled Ex-Dividend - Kimberly-Clark de Mexico, S.A. de C.V. has announced a dividend ex-date for (KCDMY: Pink Quote). Kimberly-Clark de Mexico, S.A. de C.V. is scheduled to disburse a Cash Dividend dividend of $0.31463 on Mon, Apr 05, 2010 to shareholders of KCDMY. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Pink OTC Markets Inc. (PINK: Pink Quote) - Scheduled Ex-Dividend - Pink OTC Markets Inc. has announced a dividend ex-date for (PINK: Pink Quote). Pink OTC Markets Inc. is scheduled to disburse a Cash Dividend dividend of $0.04 on Thu, Mar 18, 2010 to shareholders of PINK. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 08:00 - Mercantil Servicios Financieros C.A. (MSFZY: Grey Market) - Scheduled Ex-Dividend - Mercantil Servicios Financieros C.A. has announced a dividend ex-date for (MSFZY: Grey Market). Mercantil Servicios Financieros C.A. is scheduled to disburse a Cash Dividend dividend of $0.27884 on Tue, Sep 28, 2010 to shareholders of MSFZY. You may find a complete list of dividends at otcmarkets.com.

Fri, Mar 12, 2010 07:42 - Pacific Entertainment Corp. (PENT: Pink Quote) released their Officer/Director/Affiliate Stock Transactions. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29841.

NEWS RELEASE

 

NR10-08                                                                                                                   March 12, 2010

 

Dorato Receives Additional Taricori

Drill Results from Minera Afrodita

 

TAR-013: 38.93 m grading 7.12 g/t gold (0.2 oz/t)

including 7.37 m grading 33.78 g/t gold (0.98 oz/t)

 

Minera Afrodita Permit in Good Standing

 

Vancouver, British Columbia - Dorato Resources Inc. (“Dorato” or the “Company”) (TSX-V: DRI, Frankfurt:D05) is pleased to announce that it has received provisional assay results from Minera Afrodita relating to drillhole TAR-013 in the Taricori Gold Zone within the Cordillera Del Condor project in northwest Peru.  Dorato has a right to acquire 100% of Minera Afrodita. 

 

Provisional assay results for drillhole TAR-013 indicate a broad zone of high-grade gold and silver mineralization; 38.93 metres grading 7.12 g/t (0.2 oz/t) gold and 48.4 g/t (1.4 oz/t) silver.  This interval includes a core, higher-grade zone of 7.37 metres grading 33.78 g/t (0.98 oz/t) gold and 151.9 g/t (4.4 oz/t) silver.

 

“Final drill results for TAR-012, reported last week as 18.0 metres grading 41.58 g/t gold, provided initial indications that the Taricori Zone hosts significant high-grade gold and silver mineralization,” stated Keith Henderson, Dorato’s President and CEO. “We are very excited with this additional high-grade intersection from TAR-013, including 7.37 metres grading 33.78 g/t gold, and we look forward to reporting additional drill results as they become available.”

 

“Drilling is testing high-grade gold mineralization, close to the contact between footwall intrusive and hanging wall volcanic rocks.” continued Henderson, “The mineralized zone is open at depth and along strike.  Drilling to date has only tested 250 metres of strike length, whereas the prospective contact has actually been mapped over a strike length of more than 3 kilometres.”

 

Table 1:  Hole TAR-013 Provisional Results

*using a cut-off of 0.25 g/t gold and allowing 2.5m of dilution

 

Results are provisional because several samples, grading more than 30 g/t gold, have been submitted for metallic screen analysis.  Metallic screen assay results are more representative than traditional gravimetric assay due to a larger sample weight where the grade is weighted between fine and coarse fractions.  Final results will be reported when available. 

 

Drill Results Details

 

Drillhole TAR-013 was drilled in a northwest direction to intersect a northeast-southwest trending structure that has been historically exploited by informal miners.  Highlights include; 38.93 metres grading 7.12 g/t gold and 48.4 g/t silver.  This interval includes a core, higher-grade zone of 7.37 metres grading 33.78 g/t gold and 151.9 g/t silver.  There is insufficient drill data to determine the true width of the intersection as core angles within the zone are extremely variable.  The mineralized zone is presently interpreted to be related to northeast-trending structures (plotted as veins on Figure 1) and as such is close to true width. 

 

Previously, drillhole TAR-012 was drilled northward to test an east-west mineralized zone and returned 18.0 metres grading 41.58 g/t gold.  In general terms, the grade and thickness of mineralized intersections is increasing to the east and follow-up drilling will continue to test the strike extensions of this significant mineralized zone over the 3 kilometre-long mapped contact as well as testing the depth extents of the mineralization.  Depth extents are unknown to date, but the Dynasty Mining and Metal’s Jerusalem deposit (measured & indicated resource of 0.58 million contained ounces gold at 12.4 g/t gold plus an inferred resource of 0.71 million ounces at 11.5 g/t gold) is located just across the border in Ecuador, several hundred metres west of the Taricori Zone, and extends to 450 metres depth from surface.  Drilling to date at Taricori has tested 250 metres of strike length and less than 100 metres vertically within the mineralized zone. 

 

 

 

Cordillera Del Condor Background

 

The Cordillera Del Condor District has been one of the most important gold-bearing areas in Ecuador and Peru since pre-Incan times.  On the Ecuador side of the border, historical small-scale but high-grade, gold production is reported to have exceeded 100,000 ozs. per year. 

 

Modern exploration on the Ecuadorian side of the border has recently resulted in the discovery of multiple world-class gold and base metal-bearing deposits, such as Kinross Gold Corp’s Fruta del Norte Gold deposit (inferred resources of 13.6 million contained ounces gold at 7.23 g/t gold), Corriente Resources Inc.’s Mirador Copper-Gold porphyry deposit (measured & indicated resources of 438 million tonnes at 0.61% copper, 0.19 g/t gold, and inferred resources of 235 million tonnes at 0.52% copper, 0.17 g/t gold) and the Mirador Norte Copper-Gold porphyry deposit (171 million indicated tonnes at 0.51% copper, 0.09 g/t gold plus 46 million inferred tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals & Mining Inc’s Jerusalem Gold deposit in the Chinapintza district (measured & indicated resources of  0.58 million ounces gold at 12.4 g/t gold plus an inferred resource of  0.71 million ounces at 11.5 g/t gold).  The technical information with respect to the above deposits was obtained through the respective company’s public disclosure documents available on SEDAR.

 

Qualified Person

 

EurGeol Keith J. Henderson, P.Geo. Dorato’s President and CEO and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release.  Mr. Henderson is not independent of the Company as he is an officer and a director.

 

The analytical results were reviewed by Tansy O’Connor-Parsons, Senior Geochemist.  Minera Afrodita on-site personnel rigorously collect and track samples which are then security sealed and shipped to ACME Laboratories, Cuenca, Ecuador for preparation and on to Vancouver, BC for analysis.  Au is analyzed by fire assay on a 30g aliquot followed by fusion and an ICP-OES finish.  Samples greater than 10 ppm are analyzed by classical gravimetric fire assay. ACME's quality system complies with the requirements for the international standards ISO 9001:2000 and ISO 17025:1999.  Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples.  Quality control is further assured by the use of international and in-house standards.  Certified reference material, blank material, and quarter-core duplicates are inserted at regular intervals into the sample sequence by field personnel prior to shipping in order to independently assess analytical accuracy and precision. In addition, representative blind duplicate samples are routinely forwarded an ISO-compliant third party laboratory for additional quality control.

 

On behalf of the board of directors of

DORATO RESOURCES INC.

(signed) “Keith J. Henderson”
President and CEO

 

 

 

 

For further information please contact:

 

Steve Stakiw, Manager – Corporate Communications

Michael Pound, Manager – Investor Relations

Email: info@doratoresources.com

Phone: 604-638-5817/ Fax: (604) 408-7499

 

About Dorato Resources Inc.

 

Dorato Resources Inc. is mineral exploration company focused on the highly prospective Cordillera del Condor Gold District in northern Peru and adjacent to the border with Ecuador – one of the most important gold-bearing districts in the region since pre-Incan times.  Dorato, through a series of option agreements, has the right to wholly acquire an extensive land package of approximately 800 square kilometres – providing the Company a highly strategic position in this emergent gold district.  Dorato is well funded and possesses experienced management with a proven track record.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Cautionary Statement

 

This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward looking information” within the meaning of the British Columbia Securities Act and the Alberta Securities Act. Generally, the words “expect”, “intend”, “estimate”, “will” and similar expressions identify forward-looking information. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward looking information. Statements in this press release regarding Dorato’s business or proposed business, which are not historical facts are forward-looking information that involve risks and uncertainties, such as estimates and statements that describe Dorato’s future plans, objectives or goals, including words to the effect that Dorato or management expects a stated condition or result to occur. Since forward-looking statements address events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. The foregoing commentary is based on the beliefs, expectations and opinions of management on the date the statements are made. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Fri, Mar 12, 2010 03:18 - Spencer Pharmaceutical Inc. (SPPH: Pink Quote) released their Initial Company Information and Disclosure Statement concerning 15c2-11. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29840.

Fri, Mar 12, 2010 02:52 - Emerging Healthcare Solutions, Inc. (EHSI: Pink Quote) released their Attorney Letter with Respect to Current Information concerning 2009 Attorney Letter with Respect to Current Information. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=29839.

Tytan Holdings, Inc. (Pink Sheets:TYTN) subsidiary, Tytan International, Inc., today announced that it has become a member of www.StockProfile.com, a customized web-based platform showcasing emerging growth stocks.

StockProfile.com is an exclusive platform that provides unique information for investors who like to conduct their own research and make their own investment decisions. The platform allows users to review and investigate dynamic publicly traded companies in a user-friendly environment.

The StockProfile.com platform allows a limited number of companies to profile their stock on the website. Through the StockProfile.com platform, these companies can raise their public profile with an audience of independent Internet savvy investors.

If you are interested in viewing – Tytan Holdings, Inc.  profile, please visit www.StockProfile.com.

About Tytan Holdings, Inc.  We are a think tank corporation with strategic focus in acquisition of agricultural equipment manufactures and exploration of environmental technologies. Tytan Holdings, Inc. is publicly traded on the OTC Pink Sheets under symbol TYTN. Recently Tytan Holdings, Inc. completed acquisition of Tytan International, Inc., a tractor company with exclusive manufacturing agreements in China. With the recent explosion of the Chinese Automobile Industry, there has been a huge boom in Quality. Tytan will be there with a new Era of Products in 2010 that will meet or beat any competitor's products, and at prices the Consumers can afford. Tytan International, Inc. has been part of a plan that started in 2004. Mark Leonard the founder was the first pioneer of tractors from China to the USA. He was responsible for developing such things as power steering, two stage clutches, live engine run hydraulic pumps, hydraulic remotes and much more. Mark's trademarked name at the time was Rhino International Inc. Rhino grew to the 150 dealers in a 4 year period, after it had completed its product improvements. Rhino was primarily known as "function at a very good price". No other tractor factories were able to compete with Rhino's improvements under Mr. Leonard’s leadership. Tytan's focus is different than Rhino's. Certainly product improvements, Exclusive Agreements, and advantageous pricing or profits are a major part of Tytan's push, however TYTAN sees “GREAT SERVICE " as the most important element to achieve solid success! Tytan has several patents/patent pending and new products that create a strong niche for keeping sales & profits high. Those include the Kingchipper, the 4N1 loader bucket; their backhoe bodies mount system, its rear fill fuel tank, the new super starters, the Dual Trax tires, and more.

Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTCQX symbol “NSEEY”) is pleased to invite the shareholders in the Company to attend an Extraordinary General Meeting (EGM) scheduled be held on April 6, 2010 at 15:00 Oslo time at the offices of Wiersholm law firm in Ruseløkkveien 26, Oslo, Norway.

 

On the agenda for the EGM is:

1.       Opening of the general meeting by the chairman of the board

2.       Presentation of list of attending shareholders and proxies

3.       Election of chairperson and person to co-sign the minutes

4.       Approval of notice and agenda

5.       Board proxy for issue of shares upon closing of Project Spice

 

Please find enclosed notice of EGM, proposed resolutions, statement from KPMG and registration/proxy form.

 

For further information please contact:

Øivind Risberg, CEO

Tel: +1 713 501 2022

Email: orisberg@norseenergy.com  

 

Jonas Gamre, Investor Relations

Tel: +47 23 01 10 02

Cell: +47 971 18 292

Email: jgamre@norseenergy.com

 

PARAFIN ISSUANCE OF PREFERRED SHARES PAID FOR WITH BEARER BONDS

Reno, Nevada, March 10^th, 2010, ParaFin Corporation (Stock Symbol: PFNO.PK): The Directors of Parafin Corporation, In response to multiple inquiries from shareholders and potential shareholders, felt compelled to put out a statement on the company’s Bearer Bond holdings.

On January 27, 2010, Parafin Corporation released an annual report reflecting an asset of US$3.63 billion represented by 2,400 Bearer Bonds issued June 16, 2000 dated for redemption on June 16, 2010. The 2,400 Euro Bearer Bonds were issued by a major European Bank, have a face value of 1,000,000 Euros each and have accumulated interest at 5.5% from the issuance date.

Bearer Bonds of this denomination and amount are typically reserved solely for and held only by banks and large financial institutions. After the original issuance, these Bonds were acquired by and delivered to a single individual. In an effort to promptly liquidate the assets of this individual’s estate, The Trustee of the individual’s estate negotiated the Agreement with Parafin

To finance the Exploration and Exploitation of the 6.06 million Acre Hydrocarbon Farm-out Agreement in the Republic of Paraguay, Parafin Corporation was in the process of selling an issue of Preferred Shares. The Subscription Agreement negotiated by Parafin with the Trustee for the sale of the Preferred Shares allowed the Trustee to pay Parafin Corporation US$3.63 billion by the delivery to Parafin of 2,400 Bearer Bonds issued June 16, 2000 dated for redemption on June 16, 2010. Under the Agreement, Parafin is entitled to 100% of the accumulated interest owed to date.

The Preferred shares issued by Parafin have a legend printed on the face of the Certificate stating they are "Redeemable, Retractable on Demand Non-Voting Shares Issue Price US$1,000,000 per Share ... secured only by funds from the sale or redemption of the 2,400 5.5% Euro Bearer Bonds".

Parafin retained expert Forensic Document Examiners and has done substantial due diligence regarding the Bonds over the past two years. Parafin is now working with private consultants who are in the process of setting meetings with the top executives at the issuing Bank in order to negotiate the redemption of the bonds. Legal opinions received by Parafin confirmed that whoever is in possession of the Bonds in hand has the right to redemption.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the companys Form 10-KSB iling and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information,future events or otherwise

ParaFin Corporation: Telephone: (877) 613-3131 e-Mail: www.ceo@parafincorp.com

Riverdale Oil and Gas Corporation (RVDO) has discovered a new and significant oil pay in its Foster #6 well, situated in Jim Wells Co., Texas.

During a scheduled deepening operation to a deeper untested gas sand, the Foster #6 well began building a very high pressure as the downhole equipment was beginning to be removed. After the well was contained and new equipment installed, the well began flowing back half of its load water before turning to 100% oil. After 6 barrels of oil, the well began plugging with the debris from the initial drilling operations. The well has been cleaned down to the upper perforations, and has had shut-in pressures of more than 2200 psi and bottomhole pressure calculated at over 4300 psi. Once we complete our clean-out operations, we anticipate the well to be an excellent and very commercial oil and gas producer.

The Foster #6 well was originally drilled to a depth of 6,250 feet in 1987, and perforated from 6170-6185 feet and 5785-5795 feet. The bottomhole pressures required very heavy mud to conatain the well during drilling, which created a restriction for the well to produce. The well was then abandoned with no potential test nor any completion. The Foster #6 sidewall cores indicate high permeable and porous sand in the 5785' Frio reservoir, as well as 40 degree gravity oil in the samples.

Riverdale has a 25% carried working interest in the Foster #6 well. It also maintains 100% working interest on over 550 additional acres of productive and undrilled acreage under the Foster Lease.

Planet Payment [LSE: AIM: PPT and PPTR; OTCQX: PLPM], a leading multi-currency and data processor, is pleased to announce that it has completed and received certification of the Company’s iPAY® payment gateway on the TSYS Acquiring Solutions (TSYS) processing platform. The certification announced today allows TSYS customers to enjoy the robust iPAY payment gateway features, including tools that allow merchants to grow their business by more effectively tapping into foreign markets. 

TSYS currently offers a Multi-Currency Pricing service, powered by Planet Payment, which allows merchants to better reach international markets through price localization.  With Multi-Currency Pricing, merchants can increase their global sales and convert more international browsers into customers when they shop,  view pricing, and pay in their home currencies – an essential component to any merchant’s international sales strategy.  Now, through this certification, TSYS acquirer and ISO customers can offer merchants a complete global e-commerce solution – including full domestic credit, debit and ACH processing and seamless support of the Multi-Currency Pricing service – through the ease of a US based merchant account settling in US dollars.

“The certification of the iPAY gateway by TSYS will provide their customers with a powerful e-commerce and card-not-present product suite including a robust Multi-Currency Pricing service, which can deliver significant new revenues and provide a powerful competitive differentiator and merchant retention tool to the merchant acquiring industry.” said Joel Mayer, SVP of Product Management. 
 
The iPAY gateway also features one of the industry’s most flexible recurring billing engines to manage subscription billing and customer notices in real-time.  Another key component of the gateway, iPAY Tokens™, helps protect sensitive customer payment account data, by encrypting and assigning a unique token that is stored securely in Planet Payment’s PCI compliant data vault.  Merchants have the ability to process payments by passing the token, rather than handling and storing sensitive customer data, facilitating a merchant’s PCI compliance and reducing exposure related to the storage of customer account data.

Planet Payment welcomes inquiries from merchants, ISOs and agents seeking transaction processing solutions in the e-Commerce, point-of-sale and mobile segments.  Please visit our website at www.planetpayment.com or call 800-489-0174 to find out how our innovative products and services can help your business.

Inquiries and Additional Information:

Planet Payment, Inc.                                                               www.planetpayment.com
Joel Mayer, SVP Product Management                                     Tel: +1 516 670 3200

CJP Communications (US PR for Planet Payment)                     ecleary@cjpcom.com
Emily Cleary/ Thomas Rozycki                                                 Tel: +1 212 279 3115 x257

Redleaf Communications (UK PR for Planet Payment)                planet@redleaftpr.com
Emma Kane / Rebecca Sanders-Hewett / Henry Columbine        Tel: +44 20 7566 6700

About Planet Payment®:
Planet Payment’s Common Shares trade in the UK on AIM under the symbols PPT for unrestricted Common Shares and PPTR for Reg S Common Shares and in the USA on the OTCQX under the symbol PLPM.

Planet Payment enables processors, acquiring banks and their merchants to accept process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. The Pay in Your Currency™ service is Planet Payment’s suite of multi-currency processing solutions, which includes a multi-currency pricing e-commerce service and a Dynamic Currency Conversion service. Planet Payment’s BuyVoice®, a mobile payment and commerce solution, allows merchants to accept payments and sell product to customers using any mobile or landline phone. With the iPAY® gateway, Planet Payment also offers comprehensive Internet processing solutions for credit card and electronic check payments.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, New Castle Delaware, London, Hong Kong, Shanghai and Singapore.

London / Sydney, 11 March 2010 (ASX: BVA / OTCQX: BRVSY) – Bravura Solutions Limited (Bravura) - a leading global supplier of wealth management applications and professional services, has successfully completed the implementation of Babel, a straight through processing (STP) solution for J.P. Morgan Asset Management in the United Kingdom (UK).

J.P. Morgan is a long-term Bravura client, having previously implemented the Rufus global transfer agency solution.  The most recent project employed Bravura’s Babel application to process trades for life funds in J.P. Morgan Asset Management’s Transfer Agency Operation.

Bravura’s Babel is an intelligent STP financial messaging solution.  It automates external linkage to a variety of markets and counterparties, using almost any message medium or format.  Babel seamlessly adapts to any necessary business logic, directly or via the world’s major platforms and comprises an extensive set of modules that manage different messages and transactions, external connectivity to particular markets and platforms, as well as specific message protocols.

Dan Watkins, Head of European Operations, J.P. Morgan Asset Management, said:  “We needed a STP solution for our Life Funds client which also supported the ISO 20022 ViaNova* message format.  Our long-standing partner, Bravura, had the products and capability to support complex asset management operations, making them the perfect fit for our requirements.

“The implementation of Babel has extended our STP capacity in the UK and, importantly, supports ViaNova standard instructions.”

Tony Klim, CEO EMEA, Bravura, said:  “This is a significant achievement for Bravura and J.P. Morgan.

“It highlights our ability to provide STP solutions for our clients and enable them to introduce operational efficiencies and service improvement to their investors.  We are delighted to have worked so closely with J.P. Morgan and helped them to implement another UK STP capability.

“We are also pleased that our widely used Babel product now supports ISO 20022 format trading, which is important in demonstrating Bravura’s ability to fully support our clients’ objectives in the transfer agency market.”

Implementation of Babel at J.P. Morgan Asset Management was completed in 2009 when the company immediately began to receive ‘live’ trades.  All milestones were achieved on time and did not impact service to J.P. Morgan’s clients.

(TSX: NRG; OTCQX: ANRGF) Following the acquisition of CleanEnergy Developments Corp. (“CleanEnergy”) in October 2009, a leading solutions provider in the growing geoexchange market, Alter NRG  Corp. (“Alter NRG” or the “Company”) is pleased to announce three further initiatives aimed at increasing its presence in the geoexchange market, expanding capacity and consolidating its position in key market sectors.  First, CleanEnergy has executed an agreement with WaterFurnace Renewable Energy, Inc. (“WaterFurnace”) that has expanded the Company’s exclusive region of distribution of WaterFurnace’s Geostar branded product.  Second, CleanEnergy has expanded its access to drilling equipment through a strategic arrangement with a leading geoexchange provider in Western Canada.  Third, CleanEnergy has obtained access to industry leading geoexchange equipment through which CleanEnergy has exclusive access for the majority of Canada for the production of ice for hockey or curling rinks.   Improving and expanding the product offering as well as operational execution capability are key milestones in achieving revenue growth in CleanEnergy. 

The Company has executed an agreement with WaterFurnace that provides CleanEnergy exclusive distribution rights for the Geostar branded product in British Columbia, Northwest Territories, Yukon, Alberta, Saskatchewan, Manitoba, and the vast majority of Ontario.  The agreement provides CleanEnergy as the exclusive distributor of the GeoStar product line for heat pump systems suitable for residential homes and most types of commercial installations.   This new agreement provides a much broader product offering for CleanEnergy and also its approximately 55 dealers within these territories. 

Mark Montemurro, President and CEO of Alter NRG states “We believe WaterFurnace is the leading brand of geoexchange product within North America and we are pleased to expand our geographic coverage with their product.  The GeoStar heat pumps are amongst the best in the market and will provide our dealer network, residential customers and commercial customers with a consistent high quality product across a broad geographic region.” 

Tom Huntington, CEO of WaterFurnace confirmed “We are pleased to be working with Alter NRG to expand geoexchange sales throughout Canada.  Canada is a critical market for WaterFurnace and by making a commitment to accelerate the adoption and growth of geoexchange within Canada, Alter NRG will play a key role in WaterFurnace’s success in Canada.  We look forward to supporting them as a key distributor in the Canadian market” 

CleanEnergy has also executed an exclusive agreement with Ice Kube Systems Ltd. (“Ice Kube”) which manufactures specialized low temperature geoexchange heat pumps.  The agreement provides exclusive distribution rights for hockey rinks, curling arenas, and leisure centres in British Columbia, Alberta, and Atlantic Canada and non-exclusive rights in Ontario.  Hockey rinks and leisure centres require a significant amount of energy for both heating and cooling and geoexchange removes the energy from the ices portion (providing cooling) and transfers it into the building to provide the heat.  This results in approximately 60% less energy consumption and related savings on energy costs and reduced carbon emissions.  Installing a geoexchange system into a single twin pad rink would also be equivalent to planting 130 acres of trees or permanently removing 125 cars from the road from an environmental perspective.  CleanEnergy has a list of customers which it is actively pursuing in this market segment with potential geoexchange revenues of $100,000 to $1,000,000 per project depending on size.

CleanEnergy has expanded its operational capacity in Western Canada through a strategic agreement with Geowest Drilling Services Ltd. (“Geowest”), a drilling company located in Calgary, Alberta.  Under the agreement Geowest will provide dedicated service for CleanEnergy geoexchange projects using its drilling rig as well as drilling supervision.  This agreement expands the execution capability and ability to provide turnkey solutions in Western Canada which is an important part of the CleanEnergy growth strategy.  Currently, this equipment is being fully utilized on CleanEnergy geoexchange projects.

Alter NRG acquired CleanEnergy on October 2, 2009 and believes that the Geoexchange market in Canada is poised for significant growth.  Geoexchange is the industry’s term to describe using heat from the ground to provide an environmentally friendly means for heating and air conditioning using renewable geothermal energy. Geoexchange systems have lower energy consumption compared to conventional building heating and cooling equipment, and adoption of this technology has experienced rapid market growth worldwide in recent years as consumers are able to reduce their cost of energy by up to 80%. According to industry analysts the primary barriers to significant growth are that the industry is highly fragmented and also lacks the capital and business expertise to support the market growth potential.  These strategic agreements illustrate Alter NRG’s commitment to provide the market leading product, supported by leading sales and distribution systems and strategic joint ventures to provide for leadership and growth in this fragmented market.

Alter NRG, through CleanEnergy intends to provide turnkey geoexchange services in various markets throughout Canada.  Geoexchange is commonly used throughout the world with many Northern European countries with similar climates to Canada having penetration rates of over 20% and up to 80% for new homes as well as other commercial and government buildings.   CleanEnergy intends to continue to develop the industry leading turnkey solution by providing leading equipment and strengthened execution capability as illustrated by these strategic agreements.

“We are confident that these recently signed agreements will help our Company meet its aggressive revenue growth targets in the coming years”, stated Mark Montemurro, President and CEO of Alter NRG.

Going forward, a 2% market share of the new build market alone in Canada would result in over $100 million in potential revenues.  CleanEnergy intends to grow to this level of revenue over the next 3 to 5 years by having the industry leading product and execution capability and also through strategic alliances.  CleanEnergy is actively in negotiations with a variety of developers and utilities across Canada that are interested in a broad application of geoexchange services going forward to achieve increased market share.

ABOUT ALTER NRG

Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. The Company’s vision is to commercialize growth technologies through environmentally sustainable and economically viable alternative energy projects. The Company’s objectives are twofold; First, is to further commercialize the Westinghouse Plasma Gasification Technology, a wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and providing a wide variety of energy outputs – including  liquid fuels like ethanol and diesel, electrical power, and syngas;  Second, to capitalize on the rapidly growing geoexchange residential and commercial heating and cooling market through a wholly owned subsidiary CleanEnergy that enables consumers to reduce their carbon footprint and reduce the cost and volatility of energy bills using the energy from the earth.

For additional information please contact:

Mark Montemurro, President and Chief Executive Officer

(403) 806-3877           mmontemurro@alternrg.ca

Daniel Hay, Chief Financial Officer

(403) 244-0111 Ext 235           dhay@alternrg.ca

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Advisory Respecting Forward-Looking Statements:

This news release contains certain “forward-looking information and statements” within the meaning of specific securities laws. In particular, this new release contains forward looking statements pertaining to capital expenditures, schedules and commencement of operations of existing projects and projects under development; availability of project financing; timing of sales; industry trends; factors influencing capital investments and development activities; the Corporation’s reputation and market position within the industries in which it operates and the Corporation’s strategy and competitive advantages.

Forward-looking statements require management to make estimates and assumptions with respect to the outcome of future events. These estimates and assumptions could, in the future, turn out to be inaccurate and materially affect the final outcome. The significant estimates and assumptions within the Corporation’s forward looking statements include: availability and cost of key materials and labour and availability of funds with respect to the amount of capital expenditures and scheduled commencement of operations; timing of regulatory approval including various permits from federal, provincial, and local authorities; the assessment of capital markets including the availability of debt and equity in current market conditions; commodity prices for electricity, natural gas, coal and other resources that impact the Corporation’s operations directly and indirectly; extent of investment by government authorities in infrastructure projects; the financial and operational health of key partners in various projects; the continued development of the Corporation’s technology and its use in various applications, and consumer demand for geoexchange solutions.

Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “propose”, “target”, “intend”, “believe”, “should”, “anticipate”, “estimate” or other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are not based on historical facts but rather on the expectations of management of the Corporation regarding, among other things, the Corporation’s future plans and intentions, results of operations, levels of activity, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities.

Forward-looking statements reflect management’s current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Corporation. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the information is of a preliminary nature and may be subject to further adjustment; the completion of strategic partner’s projects; arrangements with key suppliers; potential product liability and other claims; other business risks outlined in this news release, including risks associated with the proprietary technology; the possible unavailability of financing at competitive rates and the related effect on development activities; the effect of energy price fluctuations; changes in government regulation, including changes to environmental regulations; the effects of competition; the dependence on senior management and key personnel, and fluctuations in currency exchange rates and interest rates.

The Company cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Company assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.