Endeavour Schedules 2010 Second Quarter Earnings Conference Call and Web Cast

July 30, 2010 By Leave a Comment

HOUSTON, July 29 /PRNewswire-FirstCall/ — Endeavour International Corporation (NYSE-Amex: END) (LSE: ENDV) will host a conference call and web cast to discuss its 2010 second quarter financial and operating results on Thursday, August 5, 2010 at 9 a.m. Central Daylight Time, 3 p.m. British Summer Time.

To participate and ask questions during the conference call, dial the local country telephone number and the confirmation code 9904628. The toll-free numbers are 888-663-2241 in the United States and 0-808-101-1402 in the United Kingdom. Other international callers should dial 913-312-0416 (tolls apply).

To listen only to the live audio web cast access Endeavour’s home page at http://www.endeavourcorp.com. A replay will be available beginning at 12:00 p.m. Central Daylight Time on August 5 through 12:00 p.m. on August 12 by dialing toll free 888-203-1112 (U.S.) or 719-457-0820 (international), confirmation code 9904628.

Endeavour International Corporation is an international oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea and United States. For more information, visit http://www.endeavourcorp.com.

SOURCE Endeavour International Corporation

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Acme United Corporation Reports 7% Sales Increase for the Second Quarter

July 24, 2010 By Leave a Comment

FAIRFIELD, Conn.–(Business Wire)–
Acme United Corporation (NYSE AMEX:ACU) today announced that net sales for the
second quarter ended June 30, 2010 were $20.6 million, compared to $19.2 million
in the comparable period of 2009, an increase of 7% (8% in local currency). Net
income was $1,567,000, or $.48 per diluted share, for the quarter ended June 30,
2010, compared to $1,341,000 or $.40 per diluted share for the comparable period
last year, an increase of 17% in net income and 20% in diluted earnings per
share.

Net sales for the six months ended June 30, 2010 were $33.7 million, compared to
$30.5 million in the same period in 2009, an increase of 11% (10% in local
currency). Net income for the six months ended June 30, 2010 was $1,780,000, or
$.54 per diluted share, compared to $1,383,000, or $.41 per diluted share in the
comparable period last year, a 29% increase in net income and 32% in diluted
earnings per share.

Net sales for the quarter ended June 30, 2010 in the U.S. segment increased 1%
compared to the same period in 2009. Net sales for the six months ended June 30,
2010 in the U.S. segment increased 5% compared to the same period in 2009. Sales
in the U.S. were a reflection of the slow economic recovery in the U.S. Net
sales in Canada for the three and six months ended June 30, 2010 increased 10%
and 14%, respectively, in U.S. dollars compared to the same periods in 2009 but
decreased 2% and 1% respectively, in local currency. European net sales for the
three and six months ended June 30, 2010 increased 64% and 46%, respectively, in
U.S. dollars compared to the same periods in 2009 and increased 75% and 49%
respectively, in local currency. Sales in Europe increased due to growth in the
mass and office markets.

Gross margins were 36.7% in the second quarter of 2010 versus 37.1% in the
comparable period last year. The gross margins in the second quarter of 2010
were impacted by higher airfreight expense of approximately $250,000 due to
labor shortages and production constraints in the Asian factories. For the first
six months of 2010, gross margins were 37.6%, compared to 37.4% in the same
period in 2009.

The effective tax rate for the first six months of 2010 was 17%, compared to 34%
in the same period of 2009. The effective tax rate for the six months ended June
30, 2010, reflects approximately $180,000 of tax benefits associated with the
Company`s donation of land to the City of Bridgeport, CT in the fourth quarter
of 2009.

Walter C. Johnsen, Chairman and CEO said, “We had a solid quarter in sales,
earnings, and cash flow. However, the Company incurred substantial air freights
costs due to lower production than planned, with the resultant need to expedite
shipments to meet customer demand on time. We are addressing this by increasing
supply stock and expanding capacity.” Mr. Johnsen added that he was pleased with
the growth in European sales.

The Company`s bank debt less cash on June 30, 2010 was $8.9 million compared to
$8.9 million on June 30, 2009. During the 12 month period ended June 30, 2010,
Acme purchased 241,000 shares of its common stock for treasury for a total of
approximately $2.25 million and paid a total of $650,000 in dividends, which
were offset by cash flow from operations of $3 million. As of June 30, 2010,
there were 83,376 shares remaining for purchase under the Company`s stock
repurchase program.

ACME UNITED CORPORATION is a leading worldwide supplier of innovative cutting,
measuring and safety products to the school, home, office and industrial
markets. Its leading brands include Westcott, Clauss, Camillus and
PhysiciansCare .

Forward-looking statements in this report, including without limitation,
statements related to the Company`s plans, strategies, objectives, expectations,
intentions and adequacy of resources, are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that such forward-looking statements involve risks and
uncertainties including, without limitation, the following: (i) the Company`s
plans, strategies, objectives, expectations and intentions are subject to change
at any time at the discretion of the Company; (ii) the impact of current
uncertainties in global economic conditions and the ongoing financial crisis
affecting the domestic and foreign banking system and financial markets,
including the impact on the Company`s suppliers and customers (iii) currency
fluctuations (iv) the Company`s plans and results of operations will be affected
by the Company`s ability to manage its growth, and (v) other risks and
uncertainties indicated from time to time in the Company`s filings with the
Securities and Exchange Commission.

ACME UNITED CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
SECOND QUARTER REPORT 2010
(Unaudited)

Three Months Ended Three Months Ended
Amounts in 000′s except per share data June 30, 2010 June 30, 2009

Net sales $ 20,585 $ 19,161
Cost of goods sold 13,034 12,056
Gross profit 7,551 7,105
Selling, general, and administrative expenses 5,605 5,086
Income from operations 1,946 2,019
Interest expense 79 44
Interest income (41 ) (31 )
Net interest expense 38 13
Other expense (income) 24 (30 )
Total other expense (income) 62 (17 )
Pre-tax income 1,884 2,036
Income tax expense 317 695
Net income $ 1,567 $ 1,341

Shares outstanding – Basic 3,158 3,325
Shares outstanding – Diluted 3,289 3,388

Earnings per share basic $ 0.50 $ 0.40
Earnings per share diluted 0.48 0.40

ACME UNITED CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
SECOND QUARTER REPORT 2010 (cont.)
(Unaudited)

Six Months Ended Six Months Ended
Amounts in 000′s except per share data June 30, 2010 June 30, 2009

Net sales $ 33,706 $ 30,458
Cost of goods sold 21,042 19,056
Gross profit 12,664 11,402
Selling, general, and administrative expenses 10,417 9,302
Income from operations 2,247 2,100
Interest expense 131 86
Interest income (73 ) (66 )
Net interest expense 58 20
Other expense (income) 39 (19 )
Total other (expense) 97 1
Pre-tax income 2,150 2,099
Income tax expense 370 716
Net income $ 1,780 $ 1,383

Shares outstanding – Basic 3,163 3,336
Shares outstanding – Diluted 3,270 3,396

Earnings per share basic $ 0.56 $ 0.41
Earnings per share diluted 0.54 0.41

ACME UNITED CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
SECOND QUARTER REPORT 2010
(Unaudited)

Amounts in 000′s June 30, 2010 June 30, 2009

Assets:
Current assets:
Cash $ 4,250 $ 3,228
Accounts receivable, net 20,416 18,467
Inventories 17,970 19,299
Prepaid and other current assets 1,213 961
Total current assets 43,849 41,955

Property and equipment, net 1,994 2,249
Long term receivable 1,865 1,919
Other assets 2,562 2,509
Total assets $ 50,270 $ 48,633

Liabilities and stockholders’ equity:
Current liabilities
Accounts payable $ 6,177 $ 6,131
Other current liabilities 4,298 4,276
Total current liabilities 10,475 10,407
Bank debt 13,125 12,122
Other non current liabilities 1,746 1,995
25,346 24,524
Total stockholders’ equity 24,924 24,109
Total liabilities and stockholders’ equity $ 50,270 $ 48,633

Acme United Corporation
Paul G. Driscoll, 203-254-6060
Fax: 203-254-6521

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Cano Petroleum Stockholders Approve Merger with Resaca

June 25, 2010 By Leave a Comment

FORT WORTH, Texas–(Business Wire)–
On June 23, 2010, stockholders of Cano Petroleum, Inc. (NYSE Amex: CFW) (“Cano”)
voted to adopt the Agreement and Plan of Merger dated as of September 29, 2009,
(as amended, the “Merger Agreement”) among Cano, Resaca Exploitation, Inc. (AIM:
RSX and RSOX) (“Resaca”) and Resaca Acquisition Sub, Inc., a wholly-owned
subsidiary of Resaca (“Merger Sub”) and the other proposals described in Cano`s
proxy statement previously mailed to stockholders on or about June 2, 2010.

Cano has now received all necessary stockholder approvals to proceed with the
merger transaction. Cano and Resaca expect to complete the merger, which remains
subject to the satisfaction of the remaining closing conditions, including
without limitation, refinancing of the indebtedness of each of Cano and Resaca,
on or about June 30, 2010. Under the terms of the Merger Agreement, Merger Sub
will be merged with and into Cano, resulting in Cano becoming a wholly-owned
subsidiary of Resaca.

About Cano

Cano Petroleum, Inc. is an independent Texas-based energy producer with
properties in the mid-continent region of the United States. Cano`s primary
focus is on increasing domestic production from proven fields using enhanced
recovery methods. Cano trades on the NYSE Amex under the ticker symbol CFW.
Additional information is available at www.canopetro.com.

About Resaca

Resaca is an independent oil and gas development and production company based in
Houston, Texas, whose activities are currently focused on the exploitation of
its portfolio of oil and gas properties. These properties are located in the
Permian Basin of West Texas and Southeast New Mexico. To learn more about
Resaca, please call 713-753-1441 or visit www.ResacaExploitation.com.

Forward-Looking Statements

Safe-Harbor Statement – Except for the historical information contained herein,
the matters set forth in this news release are “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.Cano intends that
all such statements be subject to the “safe-harbor” provisions of those
Acts.Many important risks, factors and conditions may cause Cano`s actual
results to differ materially from those discussed in any such forward-looking
statement.These risks include, but are not limited to, estimates or forecasts of
reserves, estimates or forecasts of production, future commodity prices,
exchange rates, interest rates, geological and political risks, drilling risks,
product demand, transportation restrictions, the ability of Cano to obtain
additional capital, and other risks and uncertainties described in Cano`s
filings with the Securities and Exchange Commission.The historical results
achieved by Cano are not necessarily indicative of its future prospects.Cano
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.

Cano Petroleum, Inc.
Ben Daitch, 817-698-0900
Chief Financial Officer
info@canopetro.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

FieldPoint Petroleum signe un partenariat portant sur un projet de forage horizontal dans le comté de Lea au Nouveau Mexique

June 23, 2010 By Leave a Comment

Cimarex Energy Co sera l`opérateur du puits avec une participation directe de
37,5 % et FieldPoint détiendra une participation directe de 43,75 %
AUSTIN, Texas–(Business Wire)–
FieldPoint Petroleum Corporation (NYSE/AMEX : FPP) a annoncé aujourd`hui avoir
signé un accord d`exploitation avec Cimarex Energy Co, (NYSE : XEC)
www.cimarex.com en vue de forer deux puits qui cibleront la formation Bone
Spring dans la section 15 du champ East Lusk Federal du comté de Lea au Nouveau
Mexique. Les projets incluent la possibilité de forer un autre puits dans la
même section, selon que les deux premiers puits seront une réussite ou pas. Le
coût total de chaque puits devrait se chiffrer à environ 4 000 000 de dollars.

On envisage de forer les puits verticalement jusqu`à une profondeur d`environ 2
895 mètres jusqu`à atteindre la formation Bone Spring, puis latéralement au sein
de la formation jusqu`à l`emplacement du fonds du puits. La profondeur totale
mesurée des puits devrait être d`à peu près 4 267 mètres. La date à laquelle le
forage commencera est à la discrétion de Cimarex, mais on estime qu`il débutera
environ dans les 3 à 4 mois prochains.

FieldPoint est au courant d`au moins un puits horizontal dans les 8-16
kilomètres environ de la zone en question dont les tests de production étaient
de 400 à 800 barils de pétrole par jour. Ceci n`est pas nécessairement une
indication de ce que les puits envisagés devraient en principe produire.

Le PDG de FieldPoint, Ray Reaves a indiqué : « Il y a deux aspects extrêmement
importants à ce programme de forage. Premièrement, nous pensons que pour ce qui
se résume au processus de complétion des puits, Cimarex Energy est l`un des
meilleurs, si ce n`est le meilleur dans l`industrie, en matière de complétion de
puits dans la formation Bone Spring. Ceci est primordial pour la réussite des
puits et pour obtenir une production optimale. Deuxièmement, s`il réussit, nous
pensons que ce programme de forage pourrait permettre d`accroître notre
production journalière et notre base de réserves de manière significative. Si
l`on considère ces deux points ensemble, il pourrait bien s`agir de notre projet
le plus important à ce jour. »

FieldPoint détiendra une participation directe de 43,75 %, Cimarex détiendra une
participation directe de 37,5 %, et d`autres partenaires détiendront la
participation directe restante de 18,75 % dans les deux puits envisagés.

À propos de FieldPoint Petroleum Corp. www.fppcorp.com

FieldPoint Petroleum Corporation est spécialisée dans l`exploration, la
production et l`acquisition de pétrole et de gaz, principalement, au Nouveau
Mexique, dans l`Oklahoma, au Texas et dans le Wyoming.

Le présent communiqué de presse peut contenir des prévisions et autres
déclarations prévisionnelles au sens de l`article 27A de la loi Securities Act
de 1933, dans sa version amendée, et de l`article 21E de la loi Securities Act
de 1934, dans sa version amendée. Toute prévision ou déclaration de ce type
reflète les opinions actuelles de la société quant à des événements et à la
performance financière futurs. Il ne peut en aucun cas être garanti cependant
que ces événements se produiront ou que de telles prévisions deviendront réalité
et que les résultats réels pourront substantiellement varier de ceux projetés.
Les facteurs importants susceptibles de faire varier les résultats réels par
rapport à ceux projetés (baisses du prix du pétrole et du gaz et baisses
imprévues de la production de pétrole et de gaz, par ex.) sont abordés dans les
rapports périodiques de la société déposés auprès de la Securities and Exchange
Commission (commission américaine de contrôle des opérations boursières) (à
l`adresse www.sec.gov).

Le texte du communiqué issu d`une traduction ne doit d`aucune manière être
considéré comme officiel. La seule version du communiqué qui fasse foi est celle
du communiqué dans sa langue d`origine. La traduction devra toujours être
confrontée au texte source, qui fera jurisprudence.

FieldPoint Petroleum Corporation
Ray D. Reaves, 512-250-8692
Président
fppc@ix.netcom.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , ,

BioTime Set to Join Russell 3000 Index

June 14, 2010 By Leave a Comment

ALAMEDA, Calif.–(Business Wire)–
BioTime, Inc. (NYSE Amex:BTIM) announced today that it has been included on a
preliminary list of additions to the Russell 3000 Index and Russell Global Index
posted by Russell Investments on June 11, 2010 at www.russell.com. These changes
are expected to go into effect after the close of trading on Friday, June 25,
2010 and remain in place for one year. BioTime expects that inclusion in the
Russell 3000 would also result in inclusion in the Russell 2000, which is a
subset of the Russell 3000 Index and includes approximately 2,000 of the smaller
companies based on their market capitalization. All Russell indexes are
sub-indexes of the Global Index. Initial inclusion in the Russell indexes may
lead to an increase in trading volume of BioTime shares if investment funds that
track the index add the shares to their portfolios.

“The expected addition of BioTime to the Russell 3000 Index and Russell Global
Index could benefit our shareholders by increasing awareness of BTIM among
institutional investors, and the investment community in general, as we continue
with our strategy to become a leader in the field of regenerative medicine,”
said Michael West, CEO of BioTime.

Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. An industry-leading $3.9 trillion in assets are
benchmarked to them. Stocks that are added to Russell indexes are often
purchased by index funds. Russell’s investment tools originated from Russell’s
multi-manager investment business in the early 1980s when the company saw the
need for a more objective, market-driven set of benchmarks in order to evaluate
outside investment managers.

More information on the reconstitution is available at

http://www.russell.com/indexes/membership/Reconstitution/Reconstitution_changes.aspx.

About Russell Investments

Russell Investments provides strategic advice, world-class implementation,
state-of-the-art performance benchmarks and a range of institutional-quality
investment products. Russell has $179 billion in assets under management as of
March 31, 2010, and serves individual, institutional and advisor clients in more
than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern
Mutual Life Insurance Company.

About BioTime, Inc.

BioTime, headquartered in Alameda, California, is a biotechnology company
focused on regenerative medicine and blood plasma volume expanders. Its broad
platform of stem cell technologies are developed through subsidiaries focused on
specific fields of applications. BioTime develops and markets research products
in the field of stem cells and regenerative medicine through its wholly owned
subsidiary Embryome Sciences, Inc. BioTime`s subsidiary OncoCyte Corporation
focuses on the therapeutic applications of stem cell technology in cancer.
Another subsidiary, OrthoCyte Corporation, is developing therapeutic
applications of stem cells to treat orthopedic diseases and injuries. BioTime
plans to develop therapeutic products in China for the treatment of
ophthalmologic, skin, musculo-skeletal system and hematologic diseases,
including the targeting of genetically modified stem cells to tumors as a novel
means of treating currently incurable forms of cancer through its subsidiary
BioTime Asia, Limited. Our Singapore subsidiary, ES Cell International Pte Ltd,
has been at the forefront of advances in human embryonic stem (“hES”) cell
technology, being one of the earliest distributors of hES cell lines to the
research community. ESI has produced clinical-grade human embryonic stem cell
lines that were derived following principles of good manufacturing practice and
currently offers them for potential use in therapeutic product development. In
addition to its stem cell products, BioTime develops blood plasma volume
expanders, blood replacement solutions for hypothermic (low temperature)
surgery, and technology for use in surgery, emergency trauma treatment and other
applications. BioTime’s lead product, Hextend, is a blood plasma volume expander
manufactured and distributed in the U.S. by Hospira, Inc. and in South Korea by
CJ CheilJedang Corp. under exclusive licensing agreements. Additional
information about BioTime, Embryome Sciences, OncoCyte, OrthoCyte, BioTime Asia,
and ESI can be found on the web at www.biotimeinc.com.

Forward-Looking Statements

Statements pertaining to future financial and/or operating results, future
growth in research, technology, clinical development and potential opportunities
for the company and its subsidiaries, along with other statements about the
future expectations, beliefs, goals, plans, or prospects expressed by management
constitute forward-looking statements. Any statements that are not historical
fact (including, but not limited to statements that contain words such as
“will,” “believes,” “plans,” “anticipates,” “expects,” “estimates”) should also
be considered to be forward-looking statements. Forward-looking statements
involve risks and uncertainties, including, without limitation, risks inherent
in the development and/or commercialization of potential products, uncertainty
in the results of clinical trials or regulatory approvals, need and ability to
obtain future capital, and maintenance of intellectual property rights. Actual
results may differ materially from the results anticipated in these
forward-looking statements and as such should be evaluated together with the
many uncertainties that affect the company’s business, particularly those
mentioned in the cautionary statements found in the company’s Securities and
Exchange Commission filings. The company disclaims any intent or obligation to
update these forward-looking statements.

To receive ongoing BioTime corporate communications, please click on the
following link to join our email alert list:

http://www.b2i.us/irpass.asp?BzID=1152&to=ea&s=0

BioTime, Inc.
Judith Segall, 510-521-3390 ext. 301
jsegall@biotimemail.com

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

MoneyTV with Donald Baillargeon, 6/11

June 12, 2010 By Leave a Comment

LOS ANGELES, CA, Jun 11 (MARKET WIRE) —
“On-Location” from Vail, bio-terrorism, sterile hospitals, green energy,
Go800 texting, oil and gas; this week on MoneyTV, hosted by Donald
Baillargeon. MoneyTV is the internationally syndicated television program
all about money and what makes it happen, (http://www.moneytv.net),
featuring informative interviews with company CEOs, providing insights
into their operations and outlooks for their futures.

Free information packages from the featured companies can be requested by
sending an email to info@moneytv.net.

The television program can also be viewed online immediately at
www.moneytv.net.

Featured companies on this week’s program include:

Universal Detection Technology (OTCBB: UNDT) CEO Jacques Tizabi spoke of
the company’s bio-terrorism detection technology, which can detect
substances like anthrax.

Medizone International, Inc. (OTCBB: MZEI) CEO Edwin Marshall updated
some important company events.

Gazoo Energy Group, Inc. (OTCBB: GAZU) CEO Chip Hackley outlined the
company’s PACE program.

Newsgrade Founder Michael Markowski detailed new public company valuation
metrics.

OriginOil, Inc. CEO Riggs Eckelberry reflected on having become a revenue
generating company.

GoIP Global, Inc. CEO Ike Sutton debuted a new company video.

Lucas Energy, Inc. (NYSE Amex: LEI) CEO William Sawyer announced new well
activity.

MoneyTV debuted in 1996 and is broadcast internationally in more than 170
million TV households in over 60 countries.

A complete menu of TV listings is available at the MoneyTV web site,

http://www.moneytv.net

MoneyTV Executive Producer and Anchor Don Baillargeon is also the host of
MoneyRap Radio, http://www.moneyrap.com and the television program Health
This Week, http://www.healththisweek.com.

MoneyTV television program, Copyright MMX, all rights reserved. MoneyTV
does not provide an analysis of companies’ financial positions and is not
soliciting to purchase or sell securities of the companies, nor are we
offering a recommendation of featured companies or their stocks.
Information discussed herein has been provided by the companies and
should be verified independently with the companies and a securities
analyst. MoneyTV provides companies a 3 to 4 month corporate profile with
multiple appearances for a cash fee of $11,500.00 to $17,250.00, does not
accept company stock as payment for services, does not hold any
positions, options or warrants in featured companies. The information
herein is not an endorsement by Donald Baillargeon, the producers,
publisher or parent company of MoneyTV.

Contact:
Donald Baillargeon
Executive Producer
MoneyTV
949 388 5267
Info@moneytv.net

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

B + H Ocean Carriers Ltd. Announces Audited Results for the Year Ended December 31, 2009 and the Filing of Its 2009 Annual Report

June 11, 2010 By Leave a Comment

NEW YORK–(Business Wire)–
B + H Ocean Carriers Ltd, (NYSE AMEX: BHO) reported an audited loss of $(70.8
million) or $(12.74) per share basic and diluted on weighted average shares of
5,555,426 for the year ending December 31, 2009, as compared with audited net
income of $15.9 million or $2.36 per share basic and diluted on weighted average
shares of 6,732,832 for the year ended December 31, 2008. The unaudited net loss
for the three months ended December 31, 2009, was $(28.8 million) or $(5.19) per
share basic and diluted on weighted average shares of 5,555,426 as compared with
an unaudited net loss of $(1.2 million) or $(0.19) per share basic and diluted
on weighted average shares of 6,334,031, for the three months ended December 31,
2008.

The Company stated that its net loss for 2009 reflected non-cash impairment
charges and losses on sale of vessels totaling $(64.1 million) as compared to a
net gain of $5.9 million in 2008. The Company said that it sold six vessels
during 2009 and paid down secured debt by $66.2 million, representing 41% of
total secured debt at December 31, 2008. It also said that subsequent to
December 31, 2009, it cancelled a contract to purchase a newbuilding
Accommodation Field Development Vessel and received refunds aggregating $5.9
million as a result of the seller`s default on its obligations under the
contract. The Company`s remaining wholly-owned vessels are currently all
employed on profitable long term charters through various dates in 2011 and
2012.

As a consequence of these developments and of covenant amendments agreed with
lenders, at December 31, 2009 the Company`s long term debt, reclassified in
recent prior periods as current, was now returned to classification as long
term.

The Company stated that its EBITDA for the 2009 period was $22.0 million vs.
$54.4 million for the 2008 year, and that for the three months ended December
31, 2009, its EBITDA was $5.6 million vs. $5.9 million for same 2008 period.

The Company reported that it had today filed its 2009 Annual Report on Form 20-F
with the United States Securities and Exchange Commission. Any shareholder may
receive a hard copy of the Company`s complete Annual Report, which includes the
Company`s complete 2009 audited financial statements, upon request.

B+H Ocean Carriers Ltd.
Consolidated Statements of Operations

For the twelve months ended For the three months ended
12/31/2009 12/31/2008 12/31/2009 12/31/2008
(audited) (audited) (unaudited) (unaudited)
Revenues:
Voyage and time charter revenues 77,733,764 $ 104,018,073 $ 16,065,797 $ 19,146,824
Other revenue 29,946 890,842 – –
Total revenues 77,763,710 104,908,915 16,065,797 19,146,824

Operating expenses:
Voyage expenses 13,758,771 28,097,799 1,069,874 3,490,392
Vessel operating expenses, drydocking and survey costs 36,778,737 46,845,031 8,092,830 15,867,186
Depreciation 17,031,428 16,443,807 4,650,749 6,143,893
Amortization of deferred charges 8,194,909 8,755,356 641,143 428,491
Impairment charge on vessel 28,918,393 7,364,675 28,918,393 1,128,252
Goodwill impairment charge 118,750 – – –
Loss (gain) on sale of vessels 35,067,228 (13,262,590 ) 41,050 –
General and administrative expenses 5,209,864 6,035,828 1,290,214 1,403,267
Total operating expenses 145,078,080 100,279,906 44,704,253 28,461,481

(Loss) income from vessel operations (67,314,370 ) 4,629,009 (28,638,456 ) (9,314,657 )

Other income (expense):
Interest expense (6,980,341 ) (11,249,461 ) (1,291,414 ) (2,320,979 )
Interest income 18,275 1,156,151 243 55,332
Income from investment in Nordan OBO 2 Inc. 1,192,504 3,933,495 411,403 2,854,275
Gain (loss) from financial instruments 2,289,440 17,395,922 697,865 7,549,928
Total other (expense) income, net (3,480,122 ) 11,236,107 (181,903 ) 8,138,556

Net (loss) income $ (70,794,492 ) $ 15,865,116 $ (28,820,359 ) $ (1,176,101 )

Basic earnings per common share $ (12.74 ) $ 2.36 $ (5.19 ) $ (0.19 )

Diluted earnings per common share $ (12.74 ) $ 2.36 $ (5.19 ) $ (0.19 )
Weighted average number of common shares outstanding:
Basic 5,555,426 6,723,832 5,555,426 6,334,031
Diluted 5,555,426 6,723,832 5,555,426 6,334,031

About the Company

B + H Ocean Carriers Ltd is a international shipowning and operating company
with a fleet of six vessels, including one Panamax product tanker, five
product-suitable Panamax combination carriers capable of transporting both wet
and dry bulk cargoes and a 50% interest in an additional combination carrier.

The Company provides EBITDA (earnings before interest expense, taxes,
depreciation and amortization) information as a guide to the operating
performance of the Company. EBITDA, which is not a term recognized under
generally accepted accounting principles, is calculated as net income plus
interest expense, income taxes (benefit), depreciation and amortization, and
other non-cash gains and losses. Included in the depreciation and amortization
for the purpose of calculating EBITDA is depreciation of vessels, including
capital improvements and amortization of mortgage fees. EBITDA, as calculated by
the Company, may not be comparable to calculations of similarly titled items
reported by other companies.

Safe Harbor Statement

Certain statements contained in this press release, including, without
limitation, statements containing the words “believes,” “anticipates,”
“expects,” “intends,” and words of similar import, constitute “forward-looking
statements” as defined in the Private Securities Litigation Reform Act of 1995
or by the Securities and Exchange Commission in its rules, regulations and
releases, regarding the Company`s financial and business prospects. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, but are not limited to, those
set forth in the Company`s Annual Report and filings with the Securities and
Exchange Committee. Given these uncertainties, undue reliance should not be
placed on such forward-looking statements. The Company disclaims any obligation
to update any such factors or to publicly announce the result of any revisions
to any of the forward-looking statements contained or incorporation by reference
herein to reflect future events or developments.

For further information, including the Company`s 2009 Annual Report on Form 20-F
and previous announcements, access the Company`s website at www.bhocean.com.

B + H Ocean Carriers Ltd
John Lefrere, +1-917-225 2800
investorrelations@bhcousa.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Continucare Corporation Named Emerging Growth Company of the Year by ACG-South Florida

June 8, 2010 By Leave a Comment

Award Recognizes Business Model Excellence
MIAMI–(Business Wire)–
Continucare Corporation (NYSE Amex:CNU) today announced that it was named the
Emerging Growth Company of the Year by the South Florida Chapter of the
Association for Corporate Growth (ACG-South Florida). The award recognizes South
Florida`s outstanding companies that are building and leading dynamic, growing
businesses.

“We are honored to have received this prestigious award,” said Richard C.
Pfenniger, Jr., Continucare`s Chairman and Chief Executive Officer. “This
accomplishment is a reflection of the quality people that comprise Continucare,
our outstanding leadership team and the culture we are creating.”

About ACG

Founded in 1954, the Association for Corporate Growth (ACG) is the premier
global association for professionals involved in corporate growth, corporate
development and mergers and acquisitions. Today ACG stands at over 13,000
members from corporations, private equity, finance and professional service
firms representing Fortune 500, Fortune 1000, FTSE 100 and mid-market companies
in 54 chapters in North America and Europe. Leaders in corporations, private
equity, finance and professional service firms focused on building value in
their organizations belong to ACG.

About Continucare Corporation

Continucare provides primary care physician services on an outpatient basis
through a network of medical facilities and independent physician affiliates
(IPAs) in the State of Florida. Continucare has 18 medical offices equipped with
state-of-the-practice technology and staffed with experienced physicians and a
comprehensive support staff. In addition, Continucare provides health practice
management services to IPAs who practice primary care medicine in South Florida.
Continucare assists these physicians with medical utilization and pharmacy
management and specialist network development, freeing them to devote more time
to patient care. Also, through its subsidiary, Seredor Corporation, Continucare
operates sleep diagnostic centers in seven states. For more information on
Continucare please visit www.continucare.com, and for more information on
Seredor please visit www.Seredor.com.

Except for historical matters contained herein, statements made in this press
release are forward-looking and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995.Investors and others are
cautioned that forward-looking statements are subject to risks and uncertainties
that may affect our business and prospects and cause our actual results to
differ materially from those set forth in the forward-looking statements
including the following: our operations are dependent on three health
maintenance organizations; under our most important contracts we are responsible
for the cost of medical services to our patients in return for a capitated fee;
our revenues will be affected by the Medicare Risk Adjustment program; if we are
unable to manage medical benefits expense effectively, our profitability will
likely be reduced; a failure to estimate incurred but not reported medical
benefits expense accurately will affect our profitability; we compete with many
health care providers for patients and HMO affiliations; we may not be able to
successfully recruit or retain existing relationships with qualified physicians
and medical professionals; our business exposes us to the risk of medical
malpractice lawsuits; we primarily operate in Florida; a significant portion of
our voting power is concentrated; we are dependent on our executive officers and
other key employees; we depend on the management information systems of our
affiliated HMOs; we depend on our information processing systems; the volatility
of our stock price; a failure to successfully implement our business strategy
could materially and adversely affect our operations and growth opportunities;
our intangible assets represent a substantial portion of our total assets;
competition for acquisition targets and acquisition financing and other factors
may impede our ability to acquire other businesses and may inhibit our growth;
our acquisitions could result in integration difficulties, unexpected expenses,
diversion of management`s attention and other negative consequences; enacted
health care reform could adversely affect our business; a decrease to our
Medicare capitation payments may have a material adverse effect on our results
of operations, financial position and cash flows; we are subject to government
regulation; the health care industry is subject to continued scrutiny; our
insurance coverage may not be adequate, and rising insurance premiums could
negatively affect our profitability; deficit spending and economic downturns
could negatively impact our results of operations; and many factors that
increase health care costs are largely beyond our ability to control.These and
other applicable risks, cautionary statements and factors that could cause
actual results to differ from our forward-looking statements are included in our
most recent annual report on Form 10-K and other filings with the SEC and we
urge you to read those documents.We undertake no obligation to update or revise
these forward-looking statements to reflect events or circumstances after the
date hereof except as required by law.

Continucare Corporation, Miami
Fernando L. Fernandez, Senior Vice President – Finance, 305-500-2105

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Crystallex Forms Strategic Partnership With the Resource Subsidiary of China Railway Engineering Corporation, the

June 8, 2010 By Leave a Comment

TORONTO, ONTARIO, Jun 07 (MARKET WIRE) —
Crystallex International Corporation (TSX: KRY)(NYSE Amex: KRY) announced
today that it has signed a binding agreement (the “Agreement”)
with China Railway Resources Group Co. Ltd. (“CRRC”) to create
a strategic partnership for the development of the Las Cristinas gold
project in Bolivar State, Venezuela (“Las Cristinas”). China
Railway Engineering Corporation (“CREC”) is the world’s largest
contracting and engineering company and one of the world’s 150 largest
companies. It is one of China’s largest state-owned companies with the
majority of its shares held by the People’s Republic of China.

CRRC and Crystallex have met with the Government of Venezuela to apprise
them of this strategic partnership and are very pleased by the Government
of Venezuela’s expression of support. Both Crystallex and CRRC are
working closely with Venezuelan officials to obtain the approvals and
permits required to bring Las Cristinas into production. The advancement
of Las Cristinas will benefit all stakeholders and especially the people
of Venezuela, particularly in Bolivar State.

Under the terms of the Agreement, CRRC is leading the efforts of the
strategic partnership to unblock the stalled environmental permitting
process for Las Cristinas and will provide the necessary project capital
to develop the project to commercial production at an optimized mining
rate.

Upon completion of the transactions contemplated by the Agreement,
Crystallex will hold a one-third fully carried interest in the Las
Cristinas Joint Venture and CRRC will have a two-thirds interest.
Crystallex will contribute the Las Cristinas Mine Operating Contract,
Feasibility Study, all design and engineering already completed by
Crystallex and other project assets. CRRC will provide the necessary
construction and operating capital to fund project development, optimized
expansion and operation and will be responsible for construction of the
project. Crystallex will pay for its one-third carried interest of the
capital costs provided by CRRC from its share of future cash flows from
the project. In addition, CRRC will assist Crystallex to retire the
outstanding noteholders’ obligations; will provide a construction
guarantee; and has agreed to make an equity investment in Crystallex
following closing of the transactions, at a share price based on the then
prevailing market price of the common shares of Crystallex.

CRRC had previously advanced Crystallex US$2.5 million during the
negotiation of this Agreement. Subject to requisite regulatory and
shareholder approvals, this US$2.5 million advance is convertible into
common shares of Crystallex at a price of Cdn$0.40 per share. CRRC shall
also have a onetime option to convert a portion of funds advanced to
Crystallex to satisfy its obligation to the noteholders into common
shares of Crystallex at a price of Cdn$0.40 per share for a period of
five years from the date of funding, provided that CRRC and its
affiliates shall beneficially own not more than 19.9% of the outstanding
common shares of Crystallex after giving effect to such conversion. CRRC
shall have the right to maintain its pro rata equity interest in
Crystallex to a maximum of 19.9% of the outstanding shares.

The closing of the transactions contemplated by the Agreement is subject
to the applicable regulatory, government and shareholder approvals,
satisfaction or waiver of all conditions contained in the Agreement and
the execution and delivery of all closing documents including final
definitive agreements which are being prepared and are expected to be
completed before July 30, 2010. A meeting of Crystallex’s shareholders to
approve the transactions is expected to be held in August, 2010 with
closing expected in the third quarter of 2010. A copy of the Agreement
will be filed on www.sedar.com within 24 hours of this release.

Crystallex’s financial advisors are Macquarie Capital Markets Canada
Ltd., GMP Securities L.P. and Kingsway International Holdings Limited and
its legal advisors are Cassels Brock & Blackwell LLP.

About CREC

CREC runs a spectrum of businesses covering surveying and designing,
construction and installation, manufacturing, R&D, technical consulting,
capital management as well as international economic and trade
activities. CREC is the largest civil construction enterprise in the
world, and the largest Asian and Chinese railway, road and tunnel
construction contractor. It has a leading position in China’s
construction market, and participates in many large-scale infrastructure
projects overseas (especially in countries in Southeast Asia and Africa).

CREC is currently constructing a US$7.5 billion railway project in
Venezuela linking southwestern Cojedes State and the eastern Anzoategui
State.

CRRC is the wholly-owned resource subsidiary of CREC with mining projects
in Africa, Australia, Central Asia, Ecuador and Panama.

About Crystallex

Crystallex International Corporation is a Canadian based company, whose
principal asset is its interest in the Las Cristinas gold project located
in Bolivar State, Venezuela. Crystallex shares trade on TSX (symbol: KRY)
and NYSE-Amex (symbol: KRY).

Las Cristinas gold project

An updated Technical Report filed on SEDAR by Crystallex in November 2007
estimated the Las Cristinas gold Reserves and Resources as follows:

Gold Reserves:

Proven and Probable Reserves were estimated at 16.86 million ounces of
gold (464 million tonnes with an average gold grade of 1.13g/t) based on
a US$550 gold price assumption. The reserve estimate was comprised of 113
million tonnes at a gold grade of 1.24g/t (4.48 million ounces) in Proven
Reserves and 351 million tonnes at a grade of 1.10g/t (12.38 million
ounces) in Probable Reserves.

Gold Resources:

Measured and Indicated Resources were estimated at 20.76 million ounces
(629 million tonnes with an average gold grade of 1.03g/t, which
comprises 146 million tonnes at a gold grade of 1.14g/t (5.38 million
ounces) in Measured Resources and 483 million tonnes at a grade of
0.99g/t (15.38 million ounces) in Indicated Resources.

Inferred Resources, which did not contribute towards the Proven and
Probable Reserves, were estimated at 6.28 million ounces (230 million
tonnes at an average gold grade of 0.85g/t).

For further details of the Reserves and Resources, see Crystallex’s 2009
Annual Information Form filed on SEDAR at www.sedar.com.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release
contains forward-looking statements within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities laws, including: statements relating to the expected
timing of completion of the transactions contemplated by the Agreement,
estimated reserves and resources at Las Cristinas; anticipated results of
drilling programs, feasibility studies or other analyses; the potential
to increase reserves and expand production, at Las Cristinas;
Crystallex’s projected construction and production schedule, and cost and
production estimates, for Las Cristinas; and management’s statements
regarding its expectations regarding mining in Venezuela. Forward-looking
statements are based on estimates and assumptions made by Crystallex in
light of its experience and perception of historical trends, current
conditions and expected future developments, as well as other factors
that Crystallex believes are appropriate in the circumstances. Many
factors could cause Crystallex’s actual results, performance or
achievements to differ materially from those expressed or implied by the
forward looking statements, including: the conditions to the transactions
contemplated by the Agreement not being satisfied, gold price volatility;
impact of any hedging activities, including margin limits and margin
calls; discrepancies between actual and estimated production, between
actual and estimated reserves, and between actual and estimated
metallurgical recoveries; mining operational risk; regulatory
restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; speculative nature of gold
exploration; dilution; competition; loss of key employees; additional
funding requirements; and defective title to mineral claims or property.
These factors and others that could affect Crystallex’s forward-looking
statements are discussed in greater detail in the section entitled
“Risk Factors” in Crystallex’s Annual Information Form (which
is included in the Annual Report on Form 40-F that Crystallex files with
the United States Securities and Exchange Commission (the
“SEC”) and elsewhere in documents filed from time to time with
the Canadian provincial securities regulators, the SEC and other
regulatory authorities. These factors should be considered carefully, and
persons reviewing this press release should not place undue reliance on
forward-looking statements. Crystallex has no intention and undertakes no
obligation to update or revise any forward-looking statements in this
press release, except as required by law.

Contacts:
Investor Relations Contact:
Crystallex International Corporation
Richard Marshall, VP
(800) 738-1577
info@crystallex.com
www.crystallex.com

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

MAG Silver Intercepts More Molybdenum-Gold at Pozo Seco and New Intercepts of Zinc-Lead-Copper-Silver-Gold

June 5, 2010 By Leave a Comment

VANCOUVER, BRITISH COLUMBIA, Jun 04 (MARKET WIRE) —
MAG Silver Corp. (TSX: MAG)(NYSE Amex: MVG) (“MAG”) announces
additional gold and molybdenum (“moly”) assay results from
on-going drilling (17 diamond drill holes) of the Pozo Seco moly-gold
discovery on its 100% owned Cinco de Mayo (or “Cinco”) property
in northern Chihuahua State, Mexico. Results confirm that Pozo Seco not
only represents an emerging moly deposit target in its own right, but
also represents an important indicator of nearby significant
lead-zinc-silver mineralization typical of the Carbonate Replacement
Deposits (CRDs) in this part of Mexico. A step out of 1.1 kilometres from
Pozo Seco also intercepted the system with indications that the potential
lead-zinc-silver root of the system may be near. Drilling continues with
4 machines conducting step out and in-fill drilling.

Details

Seven additional holes have been completed near Hole CM10-221 in an
attempt to follow the thick molybdenum mineralization at “Pozo Seco
Deep” reported April 14, 2010. Hole CM10-230 was the closest offset
and cut 164.86 metres (532.50 feet) of 0.052% molybdenum (Mo) with 0.19
grams per ton (g/t) gold before the hole was lost in a caving fault zone.
This fault zone may be part of the controlling structure to the regional
mineralization pattern and may lead back to the lead-zinc-silver rich
source for the observed moly mineralization.

Like CM10-221, there were several higher grade intercepts in CM10-230
(see table below). Holes behind and flanking the zone (CM10-226, 236 and
237) cut significant thicknesses of similar mineralization, as did Hole
224 that was drilled 400 metres to the northwest. Hole CM10-233, an
attempt to test below CM10-221, was lost at 146.30 metres in a cave.
Continued drilling will attempt to test beneath this area.

Seven additional holes have been completed in the 100 metre grid drilling
pattern in the Pozo Seco Prime Zone. The results are consistent with
those from neighbouring holes in terms of thickness and grade. The best
of these recent holes is CM10-228, which cut 94.03 metres (0 to 94.03
metre depth) grading 0.1% Mo and 0.15 g/t gold, with the first 24.84
metres from surface running 0.21% Mo and 0.32 g/t gold.

Hole CM10-247, an aggressive 1.1 kilometre step-out angle hole of the
Pozo Seco Deep zone, cut the Pozo Seco Fault (see below) at 300 metres
and entered the favourable Finlay Limestone. The Finlay is in turn cut by
a series of 5 strong quartz-calcite-barite-sulphide veins, ranging from
0.50 to 5.50 metres in thickness with up to 10% base metal and pyrite
sulphides. These “Rancho Zone” veins are very similar to
calcite-quartz-sulphide veins encountered above and around high-grade
manto, chimney and skarn zones in many of the world’s large CRDs. Assays
are pending for this hole. Drilling is in progress to determine the
source of the veins.

“The recent drilling continues to firm up and expand the stand-alone
moly-gold mineralization at Pozo Seco and results from the holes that
have been completed in the Pozo Seco Deep zone appear to confirm that
this is a fluid upwelling area with significant thickness and
grade,” said MAG CEO, Dan MacInnis. “The fact that our 1.1
kilometre step-out hole cut multiple mineralized veins with a more
proximal mineralization style, suggests we’re on the right track.”

MAG has also drilled a series of three step-out holes through complete
cover designed to test the Pozo Seco Fault 500 metres southwest of Pozo
Seco Prime. The first of these holes was an angle hole CM10-235, which
encountered an altered 2 metre wide quartz porphyry dike in the fault at
238 metres downhole with 0.40 metre (223.08 to 223.48 metre downhole) of
sulfide replacement mineralization grading 0.51% copper and 0.84% lead in
limestone on the north side. This was followed with 100 metre offsets to
the east and west (CM10-238 and 239 respectively). CM10-239 intersected
3.75 metres of 0.17 g/t Au, 0.41% Pb and 1.24% Zn starting at 172 metres
within the Finlay limestone.

On-going Exploration Program

Drilling is continuing with 4 machines: (2 dedicated to tracing the
Rancho Zone veins towards their source, 1 focused on testing geophysical
anomalies coincident with the Pozo Seco Zone, and 1 seeking the
large-scale replacement and skarn mineralization typical of the deposits
in the trend hosting Cinco de Mayo). Moly is a typical (and proximal)
component of CRDs, and the moly zone outlined at Cinco is several times
larger than that in the largest known CRDs in Mexico, suggesting that
very large scale silver, lead, zinc and copper mineralization may be
present in the heart of Cinco de Mayo. Gold, silver and base metal
intercepts encountered at depth in some of the recent drill holes further
substantiate MAG’s exploration model.

The tables below are presented by area and can be cross referenced with
the diagrams located at http://media3.marketwire.com/docs/MAG604maps.pdf
or www.magsilver.com. Holes are vertical unless indicated otherwise.

Table 1.0 Highlights from Pozo Seco Deep Zone

—————————————————————————-
From: To: Interval Molybdenum Molybdenum
Hole ID: metres metres metres g/t % Gold g/t
—————————————————————————-
CM10-224 56.90 81.00 24.10 439 0.044 0.10
—————————————————————————-
CM10-226 17.74 23.96 6.22 159 0.016 0.60
—————————————————————————-
including 23.08 23.96 0.88 575 0.058 1.52
—————————————————————————-
CM10-230(i) 9.14 174.00 164.86 522 0.052 0.19
—————————————————————————-
including 9.14 43.15 34.01 1,018 0.102 0.18
—————————————————————————-
including 12.40 16.00 3.60 1,828 0.183 0.39
—————————————————————————-
including 20.10 24.80 4.70 2,076 0.208 0.30
—————————————————————————-
CM10-231 66.47 112.04 45.57 1,035 0.104 0.07
—————————————————————————-
including 66.47 68.15 1.68 17,973 1.797 0.01
—————————————————————————-
including 98.38 112.04 13.66 1,128 0.113 0.23
—————————————————————————-
CM10-233 Hole lost in cave / No significant intercepts
—————————————————————————-
CM10-236 58.19 143.26 85.07 520 0.052 0.22
—————————————————————————-
including 120.94 137.90 16.96 1,253 0.125 0.53
—————————————————————————-
CM10-237 37.74 118.00 80.26 479 0.048 0.24
—————————————————————————-
including 96.67 115.82 19.15 936 0.094 0.42
—————————————————————————-

Table 2.0 Pozo Seco Prime Moly-Gold Zone

—————————————————————————-
From: To: Interval Molybdenum Molybdenum
Hole ID: metres metres metres g/t % Gold g/t
—————————————————————————-
CM10-227 5.80 17.48 11.68 1,347 0.135 0.21
—————————————————————————-
CM10-232 30.62 44.46 13.84 1,320 0.132 0.15
—————————————————————————-
including 30.62 32.80 2.18 5,788 0.579 0.07
—————————————————————————-
CM10-228 0.00 94.03 94.03 1,001 0.100 0.15
—————————————————————————-
including 0.00 24.84 24.84 2,097 0.210 0.32
—————————————————————————-
including 53.96 68.60 14.64 1,531 0.153 0.08
—————————————————————————-
CM10-225 0.00 73.56 73.56 1,484 0.148 0.23
—————————————————————————-
including 9.14 26.46 17.32 2,085 0.208 0.35
—————————————————————————-
including 56.14 73.56 17.42 2,748 0.275 0.25
—————————————————————————-
CM10-234 66.25 88.40 22.15 1,242 0.124 0.32
—————————————————————————-
or 66.25 90.90 24.65 1,137 0.114 0.29
—————————————————————————-
CM10-229 6.90 84.94 78.04 930 0.093 0.11
—————————————————————————-
including 15.87 30.48 14.61 1,751 0.175 0.26
—————————————————————————-
including 54.75 64.01 9.26 3,546 0.355 0.20
—————————————————————————-
CM10-240 0.00 86.06 86.06 1,000 0.100 0.18
—————————————————————————-
including 6.49 8.59 2.10 3,807 0.381 0.63
—————————————————————————-
including 28.18 50.28 22.10 2,267 0.227 0.41
—————————————————————————-

Table 3: Rancho Zone and Pozo Seco Fault Zone

—————————————————————————-
From: To: Interval Molybdenum Molybdenum
Hole ID: metres metres metres g/t % Gold g/t
—————————————————————————-
CM10-235 No significant intercepts
—————————————————————————-
CM10-238 No significant intercepts
—————————————————————————-
CM10-239(ii) 166.75 167.15 0.40 953 0.095 0.02
—————————————————————————-
and 201.20 206.50 5.30 65 0.007 0.27
—————————————————————————-

(i) CM10-230 was lost in mineralization
(ii) CM10-239 also has 0.17 g/t Au, 0.41% Pb and 1.24% Zn over 3.75 m
starting at 172 m.

Quality Assurance and Control: The Company has in place a quality
control program to ensure best practices in sampling and analysis.
Samples were collected by employees of consulting firm Minera Cascabel
S.A. de C.V. on behalf of MAG Silver Corp. The surface rock samples are
shipped directly in security sealed bags to ALS-Chemex Laboratories
preparation facilities in Hermosillo, Sonora or Chihuahua City
(Certification ISO 9001). Sample pulps are shipped from there to
ALS-Chemex Laboratories in North Vancouver, Canada for analysis. All
samples were assayed for gold by standard fire assay-ICP finish with a 50
gram charge. Gold values in excess of 3.00 g/t were re-analyzed by fire
assay with gravimetric finish for greater accuracy. Silver, values in
excess of 100 g/t are repeated by fire assay, zinc, copper and lead
values in excess of 1% repeated by Atomic adsorption for high grade
materials. Molybdenum is analyzed by ICP-MS to 1%, and checked by atomic
adsorption, over 1% Molybdenum is being reanalyzed by Atomic adsorption
methods for high grade materials.

Qualified Person: Dr. Peter Megaw, Ph.D., C.P.G., has acted as the
qualified person as defined in National Instrument 43-101 for this
disclosure and supervised the preparation of the technical information in
this release. Dr. Megaw has a Ph.D. in geology and more than 20 years of
relevant experience focussed on silver and gold mineralization, and
exploration and drilling in Mexico. He is a certified Professional
Geologist (CPG 10227) by the American Institute of Professional
Geologists and an Arizona registered geologist (ARG 21613). Dr. Megaw is
not independent as he is a Director and Shareholder of MAG and is the
vendor of this project, whereby he may receive additional shares. Dr.
Megaw is satisfied that the results are verified based on an inspection
of the core, a review of the sampling procedures, the credentials of the
professionals completing the work and the visual nature of the silver and
base metal sulphides within a district where he is familiar with the
style and continuity of mineralization.

About MAG Silver Corp. (www.magsilver.com)

MAG is focused on district scale projects located within the Mexican
Silver Belt. Our mission is to become one of the premier companies in the
Silver Mining Industry. MAG is conducting ongoing exploration of its
portfolio of 100% owned properties in Mexico. MAG and Fresnillo plc are
jointly delineating a significant new silver vein discovery on the
Juanicipio property in Zacatecas State, Mexico. MAG is based in
Vancouver, British Columbia, Canada. Its common shares trade on the TSX
under the symbol MAG and on the NYSE.A under the symbol MVG.

On behalf of the Board of MAG SILVER CORP.

Dan MacInnis, President and CEO

This release includes certain statements that may be deemed to be
“forward-looking statements” within the meaning of the US
Private Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts are forward looking
statements including statements, including statements that address future
mineral production, reserve potential, exploration drilling, exploitation
activities and events or developments. Forward-looking statements are
often, but not always, identified by the use of words such as
“seek”, “anticipate”, “plan”,
“continue”, “estimate”, “expect”,
“may”, “will”, “project”,
“predict”, “potential”, “targeting”,
“intend”, “could”, “might”,
“should”, “believe” and similar expressions. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. Although MAG
believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include, but are not limited to, changes in
commodities prices, changes in mineral production performance,
exploitation and exploration successes, continued availability of capital
and financing, and general economic, market or business conditions,
political risk, currency risk and capital cost inflation. In addition,
forward-looking statements are subject to various risks, including that
data is incomplete and considerable additional work will be required to
complete further evaluation, including but not limited to drilling,
engineering and socio-economic studies and investment. The reader is
referred to the Company’s filings with the SEC and Canadian securities
regulators for disclosure regarding these and other risk factors. There
is no certainty that any forward looking statement will come to pass and
investors should not place undue reliance upon forward-looking statements.

Cautionary Note to U.S. Investors: The U.S. Securities and Exchange
Commission permits U.S. mining companies, in their filings with the SEC,
to disclose only those mineral deposits that a company can economically
and legally extract or produce. We use certain terms in this press
release, such as “Inferred resources,” that the SEC guidelines
prohibit U.S. registered companies from including in their filings with
the SEC.

Please Note: Investors are urged to consider closely the disclosures in
MAG’s annual and quarterly reports and other public filings, accessible
through the Internet at www.sedar.com and
www.sec.gov/edgar/searchedgar/companysearch.html.

Neither the Toronto Stock Exchange nor the American Stock Exchange has
reviewed or accepted responsibility for the accuracy or adequacy of this
news release, which has been prepared by management.

Contacts:
MAG Silver Corp.
Gordon Neal
VP Corp. Development
(604) 630-1399 or Toll free: (866) 630-1399
(604) 681-0894 (FAX)
info@magsilver.com
www.magsilver.com

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

GSE to Present at 2010 Mizuho Securities USA Next Generation Technologies Conference

June 5, 2010 By Leave a Comment

SYKESVILLE, Md.–(Business Wire)–
GSE Systems, Inc. (GSE) (NYSE Amex:GVP), a leading global provider of real-time
simulation and training solutions to the power, process, manufacturing and
Government sectors, has been invited to present at the 2010 Mizuho Securities
USA Next Generation Technologies Conference to be held June 7, 2010 at the Loews
Regency Hotel New York.

GSE Chief Executive Officer, John Moran is scheduled to present on Monday, June
7th, at 10:30 AM EDT. A simultaneous webcast for the live conference video can
be viewed at http://mizuhosecurities.com/us/action/equity/vidconfmain?id=live.

About Mizuho Securities USA Inc.

Mizuho Securities USA Inc. (“MSUSA”) is a subsidiary whose ultimate parent is
Mizuho Financial Group, Inc. (“MHFG”), a Japan-based financial holding company
that provides a full range of financial services through four strategic groups:
Global Corporate Group, Global Retail Group, Global Asset & Wealth Management
Group, and Group Strategy Affiliates. Global Corporate Group consists of Mizuho
Corporate Bank Ltd. and its subsidiary Mizuho Securities Co., Ltd. (MHSC). MSUSA
is a wholly-owned subsidiary of MHSC.

MSUSA itself has a wholly-owned subsidiary in Singapore – Mizuho Futures
(Singapore) Pte Ltd.

For more information, please visit http://mizuhosecurities.com.

About GSE Systems, Inc.

GSE Systems, Inc. provides training simulators and educational solutions. The
Company has over three decades of experience, over 362 installations, and 100
customers in more than 40 countries. Our software, hardware and integrated
training solutions leverage proven technologies to deliver real-world business
advantages to the energy, process, manufacturing and government sectors
worldwide. GSE Systems is headquartered in Sykesville, Maryland located in the
western suburbs of Baltimore, Maryland. Our global locations include offices in
St. Marys and Augusta, Georgia; Tarrytown, New York; Nyköping, Sweden
Stockton-on-Tees, UK; and Beijing, China. Information about GSE Systems is
available via the Internet at http://www.gses.com.

We make statements in this press release that are considered forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934. These
statements reflect our current expectations concerning future events and
results. We use words such as “expect,” “intend,” “believe,” “may,” “will,”
“should,” “could,” “anticipates,” and similar expressions to identify
forward-looking statements, but their absence does not mean a statement is not
forward-looking. These statements are not guarantees of our future performance
and are subject to risks, uncertainties, and other important factors that could
cause our actual performance or achievements to be materially different from
those we project. For a full discussion of these risks, uncertainties, and
factors, we encourage you to read our documents on file with the Securities and
Exchange Commission, including those set forth in our periodic reports under the
forward-looking statements and risk factors sections. We do not intend to update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.

GSE Systems, Inc.
AT THE COMPANY
John V. Moran
Chief Executive Officer
410-970-7801

INVESTOR RELATIONS CONTACT
Feagans Consulting Inc.
Neal Feagans
303-449-1184

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Ur-Energy Receives Permit For Holding Ponds at Lost Creek

June 5, 2010 By Leave a Comment

DENVER, COLORADO, Jun 04 (MARKET WIRE) —
Ur-Energy Inc. (TSX: URE)(NYSE Amex: URG) is pleased to announce the
receipt of permit approval from the Wyoming State Engineer’s Office for
the construction and operation of waste water retention ponds for
Ur-Energy’s Lost Creek In-situ Recovery (ISR) uranium project in Wyoming.
The approval of this important permit continues to demonstrate measurable
progress in the Company’s effort to fully permit Ur-Energy’s wholly owned
Lost Creek ISR project.

The Wyoming State Engineer’s Office (WSEO) finalized its approval of the
holding pond designs on May 28, 2010. The permit authorizes Ur-Energy to
construct and operate two water holding ponds for the purpose of water
management at the Lost Creek site. This authorization, in combination
with the Wyoming Department of Environmental Quality (WDEQ) Class I UIC
permit, also issued recently, demonstrates the viability of the water
management systems planned for the Lost Creek Project (see Ur-Energy’s
June 1, 2010 press release for more information on the Class I UIC
permit). The early approval of these critical facilities underscores the
substantial progress in finalizing the permitting of the Lost Creek
project being conducted by the U.S. Nuclear Regulatory Commission and the
WDEQ Land Quality Division.

Wayne Heili, Vice President of Mining and Engineering stated,
“Approval of this and other recently authorized permits illustrates
the value of Ur-Energy’s thorough approach to regulatory and permitting
affairs for the Lost Creek Project. I am looking forward to completing
work on the remaining licenses and permits with the various state and
federal regulatory agencies over the coming months.”

W. William Boberg, President and CEO, a Professional Geologist, and
Qualified Person as defined by National Instrument 43-101, supervised the
preparation of and reviewed the technical information contained in this
release.

About Ur-Energy

Ur-Energy is a uranium exploration and development company currently
completing mine planning and permitting activities to bring its Lost
Creek Wyoming uranium deposit into production while also planning and
permitting a two-million-pounds-per-year in situ uranium processing
facility. Ur-Energy engages in the identification, acquisition and
exploration of uranium properties in both Canada and the United States.
Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol
“URE” and on the NYSE Amex under the symbol “URG”.
Ur-Energy’s corporate office is located in Littleton, Colorado; its
registered office is in Ottawa, Ontario. Ur-Energy’s website is
www.ur-energy.com.

This release may contain “forward-looking statements” within
the meaning of applicable securities laws regarding events or conditions
that may occur in the future (e.g. timetables at Lost Creek; sufficiency
of cash to fund capital requirements; receipt of (and related timing of)
an NRC Source Material License and WDEQ Permit to Mine and all other
necessary permits and regulatory authority related to Lost Creek; and the
sustainability and timeline of Lost Creek production) and are based on
current expectations that, while considered reasonable by management at
this time, inherently involve a number of significant business, economic
and competitive risks, uncertainties and contingencies. Factors that
could cause actual results to differ materially from any forward-looking
statements include, but are not limited to, capital and other costs
varying significantly from estimates; failure to establish estimated
resources and reserves; the grade and recovery of ore which is mined
varying from estimates; capital and other costs varying significantly
from estimates; production rates, methods and amounts varying from
estimates; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; inflation;
changes in exchange rates; fluctuations in commodity prices; delays in
development and other factors. Readers should not place undue reliance on
forward-looking statements. The forward-looking statements contained
herein are based on the beliefs, expectations and opinions of management
as of the date hereof and Ur-Energy disclaims any intent or obligation to
update them or revise them to reflect any change in circumstances or in
management’s beliefs, expectations or opinions that occur in the future.

Contacts:
Ur-Energy Inc.
Rich Boberg, Director Public Relations
303-269-7707
866-981-4588
rich.boberg@ur-energyusa.com

Ur-Energy Inc.
Bill Boberg, President and CEO
303-269-7755
866-981-4588
bill.boberg@ur-energyusa.com

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Ur-Energy Receives Permit For Holding Ponds at Lost Creek

June 5, 2010 By Leave a Comment

DENVER, COLORADO, Jun 04 (MARKET WIRE) —
Ur-Energy Inc. (TSX: URE)(NYSE Amex: URG) is pleased to announce the
receipt of permit approval from the Wyoming State Engineer’s Office for
the construction and operation of waste water retention ponds for
Ur-Energy’s Lost Creek In-situ Recovery (ISR) uranium project in Wyoming.
The approval of this important permit continues to demonstrate measurable
progress in the Company’s effort to fully permit Ur-Energy’s wholly owned
Lost Creek ISR project.

The Wyoming State Engineer’s Office (WSEO) finalized its approval of the
holding pond designs on May 28, 2010. The permit authorizes Ur-Energy to
construct and operate two water holding ponds for the purpose of water
management at the Lost Creek site. This authorization, in combination
with the Wyoming Department of Environmental Quality (WDEQ) Class I UIC
permit, also issued recently, demonstrates the viability of the water
management systems planned for the Lost Creek Project (see Ur-Energy’s
June 1, 2010 press release for more information on the Class I UIC
permit). The early approval of these critical facilities underscores the
substantial progress in finalizing the permitting of the Lost Creek
project being conducted by the U.S. Nuclear Regulatory Commission and the
WDEQ Land Quality Division.

Wayne Heili, Vice President of Mining and Engineering stated,
“Approval of this and other recently authorized permits illustrates
the value of Ur-Energy’s thorough approach to regulatory and permitting
affairs for the Lost Creek Project. I am looking forward to completing
work on the remaining licenses and permits with the various state and
federal regulatory agencies over the coming months.”

W. William Boberg, President and CEO, a Professional Geologist, and
Qualified Person as defined by National Instrument 43-101, supervised the
preparation of and reviewed the technical information contained in this
release.

About Ur-Energy

Ur-Energy is a uranium exploration and development company currently
completing mine planning and permitting activities to bring its Lost
Creek Wyoming uranium deposit into production while also planning and
permitting a two-million-pounds-per-year in situ uranium processing
facility. Ur-Energy engages in the identification, acquisition and
exploration of uranium properties in both Canada and the United States.
Shares of Ur-Energy trade on the Toronto Stock Exchange under the symbol
“URE” and on the NYSE Amex under the symbol “URG”.
Ur-Energy’s corporate office is located in Littleton, Colorado; its
registered office is in Ottawa, Ontario. Ur-Energy’s website is
www.ur-energy.com.

This release may contain “forward-looking statements” within
the meaning of applicable securities laws regarding events or conditions
that may occur in the future (e.g. timetables at Lost Creek; sufficiency
of cash to fund capital requirements; receipt of (and related timing of)
an NRC Source Material License and WDEQ Permit to Mine and all other
necessary permits and regulatory authority related to Lost Creek; and the
sustainability and timeline of Lost Creek production) and are based on
current expectations that, while considered reasonable by management at
this time, inherently involve a number of significant business, economic
and competitive risks, uncertainties and contingencies. Factors that
could cause actual results to differ materially from any forward-looking
statements include, but are not limited to, capital and other costs
varying significantly from estimates; failure to establish estimated
resources and reserves; the grade and recovery of ore which is mined
varying from estimates; capital and other costs varying significantly
from estimates; production rates, methods and amounts varying from
estimates; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; inflation;
changes in exchange rates; fluctuations in commodity prices; delays in
development and other factors. Readers should not place undue reliance on
forward-looking statements. The forward-looking statements contained
herein are based on the beliefs, expectations and opinions of management
as of the date hereof and Ur-Energy disclaims any intent or obligation to
update them or revise them to reflect any change in circumstances or in
management’s beliefs, expectations or opinions that occur in the future.

Contacts:
Ur-Energy Inc.
Rich Boberg, Director Public Relations
303-269-7707
866-981-4588
rich.boberg@ur-energyusa.com

Ur-Energy Inc.
Bill Boberg, President and CEO
303-269-7755
866-981-4588
bill.boberg@ur-energyusa.com

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Full House Resorts to Present at the Morgan Joseph 2010 Best Ideas Investor Conference

June 5, 2010 By Leave a Comment

LAS VEGAS–(Business Wire)–
Full House Resorts (NYSE Amex US: FLL) announced today that Chief Operating and
Chief Financial Officer Mark Miller will be presenting at the Morgan Joseph 2010
Best Ideas Investor Conference on Wednesday, June 9, 2010 at the Millennium
Broadway Hotel in New York City. The presentation will begin at 11:00 AM Eastern
Time.

About Full House Resorts, Inc.

Full House owns, develops and manages gaming facilities. The Company owns
Stockman`s Casino in Fallon, Nevada which has 8,400 square feet of gaming space
with approximately 260 gaming machines, four table games and a keno game. The
casino has a bar, a fine dining restaurant and a coffee shop. Full House has a
management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for
FireKeepers Casino in Battle Creek, Michigan with 2,680 gaming devices, 78 table
games and a 120-seat poker room. For further information, go to
www.FireKeepersCasino.com. Full House also receives a guaranteed fee from the
operation of Harrington Raceway and Casino at the Delaware State Fairgrounds in
Harrington, Delaware. Harrington Raceway and Casino has a total of approximately
2,100 gaming devices, a buffet, gourmet steakhouse, other food and beverage
outlets and an entertainment lounge. Further information about Full House
Resorts can be viewed on its website at www.fullhouseresorts.com.

Full House Resorts, Inc.
Mark Miller, 702-221-7800
Chief Operating and Chief Financial Officer
www.fullhouseresorts.com
or
Integrated Corporate Relations
William R. Schmitt, 203-682-8200
investors@fullhouseresorts.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Sonde Resources Corp. Announces Results of Its Annual and Special Meeting of Shareholders, Implementation of Share

June 5, 2010 By Leave a Comment

CALGARY, ALBERTA, Jun 04 (MARKET WIRE) —
Sonde Resources Corp. (the “Company”) (TSX: SNG) (NYSE Amex:
SNG) is pleased to announce that the following matters put before the
annual and special meeting of holders (“Shareholders”) of
common shares (“Common Shares”) of the Company held on June 3,
2010 were approved:

1. the election of Marvin M. Chronister, Dr. James Funk, Kerry R. Brittain,
Dr. William J.F. Roach, Gregory G. Turnbull and James H.T. Riddell as
directors of the Company for the ensuing year;
2. the appointment of Deloitte & Touche llp as auditors of the Company;
3. the name change from “Canadian Superior Energy Inc.” to
“Sonde Resources
Corp.”;
4. the consolidation (the “Consolidation”) of the issued and
outstanding
Common Shares on the basis of one post-Consolidation Common Share for
every five pre-Consolidation Common Shares;
5. the adoption of a new shareholder rights plan of the Company; and
6. the confirmation of the new By-Law Number 1 of the Company.

Accordingly, the Company has filed articles of amendment to implement
the Consolidation and to change the name of the Company to “Sonde
Resources Corp.”

The Company expects that the post-Consolidation Common Shares will begin
trading on the Toronto Stock Exchange on or about June 8, 2010 and on the
NYSE Amex on or about June 7, 2010. The post-Consolidation Common Shares
will trade on each exchange under the new symbol “SOQ”.

Letters of transmittal with respect to the Consolidation were mailed to
all registered Shareholders on May 7, 2010, copies of which are available
on the System for Electronic Document Analysis and Retrieval (SEDAR) at
www.sedar.com and the Electronic Data Gathering, Analysis and Retrieval
(EDGAR) system at www.sec.gov. To receive certificates representing
post-Consolidation Common Shares, registered Shareholders should follow
the instructions set out in the letter of transmittal and send their
certificates representing pre-Consolidation Common Shares, together with
a properly executed letter of transmittal, to Valiant Trust Company, the
registrar and transfer agent of the Company. Beneficial Shareholders
should contact their nominees with any questions regarding the procedures
applicable to them.

Following the Annual and Special Meeting of Shareholders today the
Company made a presentation which is available on our new website
www.sonderesources.com.

2010 Operational Highlights

– After declining to a Q1 average of 2,779 boe/d, Company production
increased to 3,127 boe/d for the week ending May 19, under-pinned by a
significant oil and gas discovery in the Eaglesham Wabamun trend, which
came online in May producing 2.4 mmcf/d and 100 bbls/d.

– Highlighting management’s expectation that production growth will
continue in Q3, in early May the Company began completion and/or tie-in
operations on 23 previously-suspended wells, including a new well at
Westerose testing from combined Mannville-Glauc-Ellerslie zones at a
combined rate exceeding 4 mmcf /d.

– Particularly encouraging from the winter program is a nearly 25%
increase to the Company’s daily liquids production, highlighting the
potential management sees for positive near-term growth in Company-wide
oil and condensate production.

– In Tunisia, the Company signed a rig commitment agreement to take
operational possession of the ENSCO 105 jack-up rig during the fourth
quarter of 2010 for drilling the Zarat 1-North appraisal well on the 7th
of November Block.

– In Trinidad, the Company began evaluation of 7 new offshore lease blocks
that will be offered for bid in August.

– The Liberty LNG regassification project is on budget and moving forward
with submission of a construction permit planned for late August of this
year. The Company continues to pursue possible joint ventures related to
this project.

Second Half 2010 Plans and Strategy

Western Canada

The Company is committed to increasing shareholder value on its nearly
400,000 gross acres of Western Canada holdings, with strong emphasis on
growing high-value oil and condensate production. After a thorough review
of these assets, management has identified an extensive list of
behind-pipe, infill and step-out locations capable of supporting a
multi-year development and growth program. The latter half of 2010 is
expected to mark the beginning of a substantial increase in Western
Canada development and exploration activity, with a three-part strategy
focused on core properties at Drumheller, Kaybob-Windfall and Boundary
Lake-Eaglesham:

– Development of high value, low-risk/low-finding and development costs
behind-pipe and infill reserves to increase cash flow in support of our
Canada and international growth programs, and to increase the value of
proved and probable reserves (gas-oriented). Management has identified
approximately 60 locations that will be targeted in 2010 and during the
first half of 2011, with potential for adding 1,600 boe/d in new
production.

– Growth in liquids production through re-development of existing oil
pools, with a focus on the Mannville “I” pool at Drumheller. Included
in
this program are plans for re-stimulating low-rate or suspended wells,
infill drilling using horizontal wells and multi-stage frac technology,
and initiation of a waterflood program.

– Growth in liquids production through exploration for and exploitation of
oil resource plays on existing lands. Included in this program are
“proof-of-concept” re-entry’s of suspended wells owned by the Company,
followed by infill and step-out drilling where successful.

International

The Company is committed to capturing the high-impact
growth potential of its Tunisia/Libya and Trinidad/Tobago offshore oil
and gas assets, and its Liberty Natural Gas LNG project on the US East
Coast. Proposed plans for 2010 and the first half of 2011 include:

– Drilling of the Zarat 1-North appraisal well (offshore Tunisia) in late
Q4, with potential for significant value and reserve additions given
success.

– Participation in development plans for our offshore Trinidad assets as
commissioned by our Operator partner for the block.

– Submission of construction permits by Liberty Natural Gas with respect
to the Liberty LNG regassification project expected by late August,
2010.

Canadian Superior Energy Inc. is a Calgary, Alberta, Canada based
diversified global energy company engaged in the exploration and
production of oil and natural gas and in the development of a liquefied
natural gas (“LNG”) project. Its operations are located
offshore Trinidad and Tobago, Western Canada, North Africa, and offshore
Eastern United States. See Canadian Superior’s website at www.cansup.com
to review further detail on Canadian Superior’s operations.

Boe Presentation – Production information is commonly reported in units
of barrel of oil equivalent (“boe”). For purposes of computing
such units, natural gas is converted to equivalent barrels of oil using a
conversion factor of six thousand cubic feet to one barrel of oil. This
conversion ratio of 6:1 is based on an energy equivalent conversion
method primarily applicable at the burner tip and does not represent a
value equivalency at the wellhead. Such disclosure of boes may be
misleading, particularly if used in isolation. Readers should be aware
that historical results are not necessarily indicative of future
performance.

This news release contains “forward-looking information”
(within the meaning of applicable Canadian securities laws) and
“forward -looking statements” (within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995). Such statements or
information are identified with words such as “anticipate”,
“believe”, “expect”, “plan”,
“intend”, “potential”, “estimate”,
“propose”, “project” or similar words suggesting
future outcomes or statements regarding an outlook. Such statements
include, among others, those concerning the Company’s anticipated
operational plans and activities including our development and
exploration program in Western Canada, the exploration, development and
drilling programs in Trinidad and in Tunisia and Libya, future
construction plans and the submission of construction permits at the
Liberty LNG regassification project, the expected continued production
growth and strategy of the Company, and the expectation of successful
future results.

Such forward-looking information or statements are based on a number of
risks, uncertainties and assumptions which may cause actual results or
other expectations to differ materially from those anticipated and which
may prove to be incorrect. Assumptions have been made regarding, among
other things, operating conditions, management’s expectations regarding
future growth, plans for and result of drilling activity, availability of
capital, and capital and other expenditures. Actual results could differ
materially due to a number of factors, including, without limitation,
operational risks in development, exploration and production; delays or
changes in plans with respect to exploration or development projects or
capital expenditures; the uncertainty of reserve and resource estimates,
the uncertainty of estimates and projections in relation to production,
risks affecting the Company’s ability to execute projects and market oil
and natural gas, risks inherent in operating in foreign jurisdictions,
the ability to attract key personnel, including the hiring of a Chief
Executive Officer, and the inability to raise additional capital.
Additional assumptions and risks are set out in detail in the Company’s
Annual Information Form, available on SEDAR at www.sedar.com., and the
Company’s annual reports on Form 40-F or Form 20-F on file with the U.S.
Securities and Exchange Commission.

Although the Company believes that the expectations reflected in the
forward-looking information or statements are reasonable, prospective
investors in the Company’s securities should not place undue reliance on
forward-looking statements because the Company can provide no assurance
that such expectations will prove to be correct. Forward-looking
information and statements contained in this news release is as of the
date of this news release and the Company assumes no obligation to update
or revise this forward-looking information except as required by law.

Contacts:
Canadian Superior Energy Inc.
Investor Relations
(403) 294-1411
(403) 216-2374 (FAX)
www.cansup.com

Canadian Superior Energy Inc.
Suite 3200, 500 – 4th Avenue S.W.
Calgary, Alberta, Canada
T2P 2V6

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Aoxing Pharmaceutical Company and Phoenix PharmaLabs, Inc. Announce Strategic Alliance to Co-Develop a Novel Class of

June 4, 2010 By Leave a Comment

NEW YORK, NY and SALT LAKE CITY, UT, Jun 03 (MARKET
WIRE) —
Aoxing Pharmaceutical Company, Inc. (NYSE Amex: AXN) (“Aoxing Pharma”)
and Phoenix PharmaLabs, Inc. (“PPL”) today jointly announced that the
companies have entered into a co-development, manufacturing and license
agreement related to a novel class of poly-receptor active opioid-like
drug candidates targeting pain and substance abuse and addiction
treatment.

Agreement Highlights

– Aoxing Pharma and PPL entered into a multi-party collaboration
agreement for the development and regulatory approval of a novel class
of therapeutics in both China and ex-China territories. The two
companies will continue to co-collaborate with the U.S. National
Institute of Drug Abuse (“NIDA”) and the Chinese National Institute on
Drug Dependence at Beijing University (“NIDD”).
– Aoxing Pharma received an exclusive license to develop a new class of
poly-receptor active opioid-like drug candidates being developed by
PPL for therapeutic indications in pain management and substance abuse
and addiction treatment in the Country of China, Macau and Hong Kong.
– PPL will receive tiered royalties based on Adjusted Gross Sales (AGS)
in the licensed territories, defined and agreed by both companies.
Aoxing Pharma receives tiered royalties based on Adjusted Gross Sales
(AGS) from the territories held by PPL, defined and agreed by both
companies.
– Aoxing Pharma will execute and fund the development, regulatory
applications, manufacturing and marketing of the licensed drug
candidates in China, while PPL will fund all development in all other
territories.

“We are pleased to announce this global strategic alliance, as one
of our primary goals is to introduce a novel class of therapeutics to
patients around the world with pain or drug addiction problems,” said Dr.
John A. Lawson, Chairman and Chief Executive Officer of Phoenix
PharmaLabs, Inc. “Our drug development program has been funded and
supported by the U.S. National Institute of Drug Abuse (‘NIDA’) for many
years. . We are planning on filing an IND in the U.S. for the first
product candidate early next year. Aoxing Pharma is an emerging leader in
the narcotics and neurological pharmaceutical business in China, which
ideally complements our existing offerings. We view Aoxing Pharma as an
ideal strategic partner given their solid presence and complementary
pipeline.”

“This partnership provides an exciting opportunity to bring in additional
unique product candidates to our growing pipeline for an important market
here in China, while also allowing us to capitalize on potential sales
outside of China,” said Zhenjiang Yue, Chairman and Chief Executive
Officer of Aoxing Pharma. “We believe that this class of new molecules
represents a strong growth opportunity to expand upon our existing
pipeline products in the areas of drug addiction treatment and pain
management, including the sublingual tablet of Buprenorphine/Naloxone,
which is currently under our clinical development and expected to be
launched in China over the next 24 months. With 1.3 million registered
drug addicts and limited pharmacological options available in China,
these new product opportunities have the potential to help serve this
unfortunately rapid growing market.”

About Poly-Receptor Active Opioid-Like Drugs:

Phoenix PharmaLabs’ poly-receptor opioid-like drugs may represent a new
“class” of opioid drugs, with unique pain receptor characteristics never
before seen. PPL believes there are no other opioid drugs with similar
receptor binding profiles. PPL drugs have a unique reduced Mu-receptor
and moderate Kappa receptor activity allowing them to be moderately
active at all three pain receptors. In pre-clinical testing, this
balanced partial activity appears to allow full pain relief potency while
eliminating or reducing such side effects as respiratory depression and
addiction. In short, PPL drugs appear to mimic the natural endorphins in
the healthy brain. For more information, please visit:

http://www.phoenixpharmalabs.com/

About Phoenix PharmaLabs Inc.

Phoenix PharmaLabs, Inc. is a privately held, clinical-stage Utah drug
discovery company focusing on the development and commercialization of
new non-addictive treatments for pain, and new therapies for the
treatment of opiate addiction. The company was founded in 2002 with the
mission to bring its new class of opioid pain therapies and addiction
treatment therapies to the Clinic. For more information, please visit:

http://www.phoenixpharmalabs.com/

About Aoxing Pharmaceutical Company, Inc.

Aoxing Pharmaceutical Company, Inc is a US incorporated specialty
pharmaceutical company with its main operations in China, specializing in
research, development, manufacturing and distribution of a variety of
narcotics and pain-management products. Headquartered in Shijiazhuang
City, outside Beijing, Aoxing has the largest and most advanced
manufacturing facility for highly regulated narcotic medicines. Its
facility is one of the few GMP facilities licensed for the manufacture of
narcotic medicines by the China State Food and Drug Administration
(SFDA). It has joint venture collaboration with Johnson Matthey Plc to
produce and market narcotics and neurological drugs in China. It also has
strategic alliance partnership with QRxPharma and American Oriental
Bioengineering, Inc. For more information, please visit:
www.aoxingpharma.com.

Safe Harbor Statement from Aoxing Pharmaceutical Company, Inc

Statements made in this press release are forward-looking and are made
pursuant to the safe harbor provisions of the Securities Litigation
Reform Act of 1995. Such statements involve risks and uncertainties that
may cause actual results to differ materially from those set forth in
these statements. The economic, competitive, governmental, technological
and other risk factors identified in the Company’s filings with the
Securities and Exchange Commission, including the Form 10-K for the year
ended June 30, 2009, may cause actual results or events to differ
materially from those described in the forward looking statements in this
press release. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether because of new
information, future events, or otherwise.

Investor Relations Contact:
Timmy Chou
Vice President, CFO
Tel +1 801 420 0285
Email: tim@phoenixpharmalabs.com

Investor Relations Contact:
Brian Korb
Vice President
The Troup Group LLC
Tel: +1 646 378 2923
Email: bkorb@troutgroup.com

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

GlobalSCAPE® Enters into a Partnership Agreement with Rackspace Hosting to Deliver Cloud-Based Secure Information Exchange Solutions

June 3, 2010 By Leave a Comment

SAN ANTONIO–(Business Wire)–
GlobalSCAPE, Inc. (NYSE Amex: GSB), a leading developer of secure information
exchange solutions, announced today that it has entered into a partnership
agreement with Rackspace® Hosting (NYSE: RAX), the world`s leader in the hosting
and cloud computing industry. Through Rackspace`s infrastructure, GlobalSCAPE
will deliver cloud-based managed file transfer solutions for the secure exchange
of business-to-business data, including large files and sensitive data. The new
GlobalSCAPE product offerings, scheduled to be launched in July, will allow
customers to outsource all or part of their complex and demanding information
exchange needs to reduce costs, improve operational efficiencies, track and
audit transactions, and provide a greater level of security.

“Rackspace is proud to have San Antonio-based GlobalSCAPE join the Rackspace
Partner Network, further extending its proven information exchange solutions. As
we continue our mission to deliver Fanatical Support, partners such as
GlobalSCAPE are able to leverage our unique market differentiator to better
service customers,” said Lanham Napier, Rackspace president and CEO. “Also, as
two San Antonio-based companies, we`re excited to demonstrate continued growth
of the city as a global center of excellence in the information technology and
security industries.”

Outsourcing select IT infrastructure continues to increase in popularity as
companies manage to tighter financial margins, face increasing budgetary
pressures, and look for efficiencies across their business operations. The new
hosted solutions will allow customers to automate manual or inefficient
processes, consolidate automated transactions, and eliminate inefficiencies,
provided from a lower-cost, secure platform. GlobalSCAPE believes hosted
information exchange solutions appeal both to small- and medium-size businesses,
as well as large enterprises that require proven, flexible IT infrastructure
outsourcing services so they can focus on their core competencies.

“Our new relationship with Rackspace allows us to offer cost-effective,
cloud-based solutions on a global basis. This is a significant milestone for
GlobalSCAPE because we can better meet the needs of existing customers while
also expanding our reach to new ones,” said Jim Morris, GlobalSCAPE president
and CEO. “Moving into the cloud with Rackspace positions us well today and
provides us with an ideal platform and partner for expanding our family of
solutions to accommodate changing customer needs going forward. We expect hosted
services will be a significantly increasing part of our business in the second
half of the year and in the coming years.”

GlobalSCAPE develops and distributes software and hosted solutions, including
services, for business customers to securely exchange information over the
Internet and within their networks. The company`s products are used worldwide
across a wide range of industries, including government organizations, and in
some of the largest corporations in the world, including 95 of the Fortune 100.
GlobalSCAPE solutions facilitate delivery of critical information such as
financial data, medical records, customer files and similar data documents while
supporting information protection approaches to meet privacy, security, and
compliance requirements.

About GlobalSCAPE®

GlobalSCAPE, Inc. (NYSE Amex: GSB), headquartered in San Antonio, TX, is a
global provider of managed file transfer (MFT) and wide area file services
(WAFS) solutions for securely exchanging critical information over the Internet,
within an enterprise, and with business partners. Since the release of CuteFTP
in 1996, GlobalSCAPE`s solutions have continued to evolve to meet the business
and technology needs of an increasingly interconnected global marketplace. For
more information about GlobalSCAPE`s products and services, visit
www.globalscape.com or the Company`s Secure Info Exchange blog.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The words “would,” “exceed,” “should,” “anticipates,”
“believe,” “steady,” “dramatic,” and variations of such words and similar
expressions identify forward-looking statements, but their absence does not mean
that a statement is not a forward-looking statement. These forward-looking
statements are based upon the Company`s current expectations and are subject to
a number of risks, uncertainties and assumptions. The Company undertakes no
obligation to update any forward-looking statements, whether as a result of new
information, future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed or implied by
such forward-looking statements are risks that are detailed in the Company`s
Annual Report on Form 10-K for the 2009 calendar year, filed with the Securities
and Exchange Commission on March 30, 2010.

GlobalSCAPE, Inc.
Lauren Dresnick, 650-343-2735
New Venture Communications
ldresnick@newventurecom.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Inovio Pharmaceuticals to Present at Investor Conferences

June 3, 2010 By Leave a Comment

BLUE BELL, Pa.–(Business Wire)–
Inovio Pharmaceuticals, Inc. (NYSE Amex: INO), a leader in the development of
preventive and therapeutic vaccines against cancers and infectious diseases,
announced today that president and CEO, Dr. J. Joseph Kim will present a
corporate update on its DNA vaccines for influenza, HIV and cancer and its
vaccine delivery technology at the following investor conferences:

Noble Financial Sixth Annual Equity Conference
June 7th, 2010
Hollywood, FL
Presentation: June 7th, 2010, 9:00 a.m. ET
A live and archived webcast will be accessible on Inovio`s website at www.inovio.com.

Ninth Annual Needham Healthcare Conference
June 9 – 10, 2010
New York, NY
Presentation: June 9, 2010, 2:40 p.m. ET

About Inovio Pharmaceuticals, Inc.

Inovio Pharmaceuticals is focused on the development of a new generation of
vaccines, called DNA vaccines, to prevent and treat cancers and infectious
diseases. The company`s SynCon “universal” vaccines are designed to provide
broad cross-strain protection against known as well as newly emergent strains of
pathogens such as influenza. Inovio`s proprietary electroporation delivery
technology has been shown by initial human data to be safe and significantly
increase gene expression and immune responses. Inovio`s clinical programs
include HPV/cervical cancer (therapeutic), avian flu, and HIV vaccines. Inovio
is developing its universal influenza vaccines in collaboration with scientists
from the University of Pennsylvania, National Microbiology Laboratory of the
Public Health Agency of Canada, and NIH`s Vaccine Research Center. Other
partners and collaborators include Merck, ChronTech, University of Southampton,
National Cancer Institute, and HIV Vaccines Trial Network. More information is
available at www.inovio.com.

This press release contains certain forward-looking statements relating to our
business, including our plans to develop electroporation-based drug and gene
delivery technologies and DNA vaccines and our capital resources. Actual events
or results may differ from the expectations set forth herein as a result of a
number of factors, including uncertainties inherent in pre-clinical studies,
clinical trials and product development programs (including, but not limited to,
the fact that pre-clinical and clinical results referenced in this release may
not be indicative of results achievable in other trials or for other
indications, that results from one study may not necessarily be reflected or
supported by the results of other similar studies and that results from an
animal study may not be indicative of results achievable in human studies), the
availability of funding to support continuing research and studies in an effort
to prove safety and efficacy of electroporation technology as a delivery
mechanism or develop viable DNA vaccines, the adequacy of our capital resources,
the availability or potential availability of alternative therapies or
treatments for the conditions targeted by the company or its collaborators,
including alternatives that may be more efficacious or cost-effective than any
therapy or treatment that the company and its collaborators hope to develop,
evaluation of potential opportunities, issues involving patents and whether they
or licenses to them will provide the company with meaningful protection from
others using the covered technologies, whether such proprietary rights are
enforceable or defensible or infringe or allegedly infringe on rights of others
or can withstand claims of invalidity and whether the company can finance or
devote other significant resources that may be necessary to prosecute, protect
or defend them, the level of corporate expenditures, assessments of the
company`s technology by potential corporate or other partners or collaborators,
capital market conditions, our ability to successfully integrate Inovio and VGX
Pharmaceuticals, the impact of government healthcare proposals and other factors
set forth in our Annual Report on Form 10-K for the year ended December 31,
2009, our Form 10-Q for the three months ended March 31, 2010, and other
regulatory filings from time to time. There can be no assurance that any product
in Inovio`s pipeline will be successfully developed or manufactured, that final
results of clinical studies will be supportive of regulatory approvals required
to market licensed products, or that any of the forward-looking information
provided herein will be proven accurate.

Investors:
Inovio Pharmaceuticals
Bernie Hertel, 858-410-3101
bhertel@inovio.com
or
Media:
Richardson & Associates
Jeff Richardson, 805-491-8313
jeff@richardsonglobalpr.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Tri-Valley Corporation Completes Sale of South Belridge and Shields and Arms Leases

June 3, 2010 By Leave a Comment

Generates Gross Cash Proceeds of $3.4 Million
BAKERSFIELD, Calif.–(Business Wire)–
Tri-Valley Corporation (NYSE Amex:TIV) today announced it has completed the
previously announced pending sale of its South Belridge and Shields and Arms
properties, located in Kern County, California. The total transaction price was
$3.4 million.

“The sale of these leases represents an important step in Tri-Valley
Corporation`s strategy to divest non-strategic assets in order to focus on its
opportunities for additional development of existing reserves to increase
production at two primary sites in California,” said Maston Cunningham,
Tri-Valley`s President and CEO. “We intend to use a significant portion of the
proceeds from this sale to advance our Pleasant Valley oil sands project at
Oxnard, California, and our Claflin project east of Bakersfield.”

A key component of Tri-Valley`s strategy is to increase oil production at
existing sites, efficiently and cost-effectively. At Pleasant Valley, the
Company is moving ahead with plans to drill a new horizontal injector well that
will be paired with an existing horizontal producer well to evaluate the
efficacy of utilizing Steam Assisted Gravity Drainage (SAGD) technology. SAGD
technology has been used successfully in western Canada to increase both
production and ultimate recovery of heavy oil, but the Company believes this
installation will represent its first use in a California oil sands project.
Continuous steam injection and oil production using this SAGD well-pair is
expected to commence in the third quarter. At the Claflin property, the Company
has restarted five of seven wells with the remaining two expected to begin
production shortly.

A short video on the SAGD process is available on the Company`s website:

http://www.tri-valleycorp.com/infocenter-sagdstream.html

About Tri-Valley

Tri-Valley Corporation explores for and produces oil and natural gas in
California, and has two exploration-stage gold properties and a high grade
calcium carbonate quarry in Alaska. Tri-Valley is incorporated in Delaware and
is publicly traded on the NYSE Amex exchange under the symbol “TIV.” Our company
website, which includes all SEC filings, is www.tri-valleycorp.com.

Forward-looking Statements

This press release contains forward-looking statements that involve risks and
uncertainties. Actual results, events and performance could vary materially from
those contemplated by these forward-looking statements which includes such words
and phrases as exploratory, wildcat, prospect, speculates, unproved,
prospective, very large, expect, potential, etc. Among the factors that could
cause actual results, events and performance to differ materially are risks and
uncertainties discussed in “Item IA. Risk Factors” and “Item 7. Management’s
Discussion and Analysis of Financial Condition and Results of Operations”
contained in the company’s Annual Report on Form 10-K for the year ended
December 31, 2009 and in “Item 2. Management’s Discussion and Analysis of
Financial Condition and Results of Operations” as disclosed in the company`s
Quarterly Report on Form 10Q for the most recent quarter ended March 31, 2010.

Company Contact:
Tri-Valley Corporation
John Durbin, 661-864-0500
jdurbin@tri-valleycorp.com
or
EVC Group, Inc.
Investor Contacts:
Doug Sherk/Jenifer Kirtland, 415-896-6820
dsherk@evcgroup.com
jkirtland@evcgroup.com
Media Contact:
Chris Gale, 646-201-5431
cgale@evcgroup.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

LaBarge Selected by Parker Aerospace to Provide Electronic Assemblies for Military and Commercial Aircraft

June 2, 2010 By Leave a Comment

ST. LOUIS–(Business Wire)–
LaBarge, Inc. (NYSE Amex: LB) announced today that Parker Aerospace`s Electronic
Systems Division has selected the Company as a manufacturing partner providing
printed circuit card assemblies for a variety of aircraft programs. The Company
estimates the value of the award at approximately $5 million a year.

The LaBarge-built printed circuit card assemblies will be used for a variety of
military and commercial aircraft programs including the Boeing C-17 military
transport aircraft, the Airbus A350 passenger airliner and the Lockheed Martin
F-35 Lightning II (Joint Strike Fighter). Production is taking place at
LaBarge`s Tulsa, Okla., facility.

“We are proud LaBarge has been selected by Parker as a manufacturing partner and
look forward to developing this new customer relationship. Recent capital
investments at our Tulsa operation give us the state-of-the-art technology and
manufacturing flexibility to meet our customer`s unique requirements for
high-performance printed circuit card assemblies,” said Craig LaBarge, chief
executive officer and president.

About Parker Aerospace

Parker Aerospace is an operating segment of Parker Hannifin Corporation. Parker
Aerospace designs, manufactures, and services flight control, hydraulic, fuel,
fluid conveyance, and engine components and systems for aerospace and other
high-technology markets. Based in Irvine, California, its product lines include
primary and secondary flight control actuation, power generation and control
components, thrust-reverser actuation systems, electrohydraulic servovalves,
electric motor-driven hydraulic pumps, fuel pumps, motor-operated valves and
fuel equipment, lubrication oil reservoirs, lubrication and scavenge pumps, fuel
measurement and management systems, cockpit instrumentation, flight inspection
systems, lightning-safe products, pneumatic subsystems and components, fluid
metering delivery and atomization devices, wheels, brakes, and fluid conveyance
products such as hoses, tubes, disconnects, and fittings.

About LaBarge, Inc.

LaBarge, Inc. is a broad-based provider of electronics to technology-driven
companies in diverse markets. The Company provides its customers with
sophisticated electronic and electromechanical products through contract design
and manufacturing services. Headquartered in St. Louis, LaBarge has operations
in Arkansas, Missouri, Oklahoma, Pennsylvania, Texas and Wisconsin. The
Company’s Web site may be accessed at http://www.labarge.com.

This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements reflect
management’s current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from such statements due to
a variety of factors that could adversely affect LaBarge, Inc.’s operating
results. These risks and factors are set forth in documents LaBarge, Inc. files
with the Securities and Exchange Commission, specifically in the Company’s most
recent Annual Report on Form 10-K and other reports it files from time to time.
These forward-looking statements speak only as of the date such statements were
made, or as of the date of the report or document in which they are contained,
and the Company undertakes no obligation to update such information.

LaBarge, Inc.
Colleen Clements, 314-997-0800, ext. 409
colleen.clements@labarge.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,
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