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Heading for the future! Financials out...

27 Apr 2012 20:49:00 GMT

SPoT Coffee Year End 2011 Results: Reports 29% Increase to Gross Profit and 16% Sales Increase

TORONTO, ONTARIO--(Marketwire - April 27, 2012) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") released its financial results for the Company's fiscal year ending December 31, 2011. Complete audited financial statements and Management's Discussion and Analysis have been filed for public review at www.sedar.com and are available on the Company's website at www.spotcoffee.com.

All dollar values expressed in Canadian dollars unless otherwise stated.

Year End 2011 Highlights

--  Gross profit (measured as revenue less cost of sales) increased 29% to
    $3,810,269 from $2,946,153 when compared to the same period of 2010.
    SPoT's gross margin percentage (measured as gross profit over revenue)
    increased to 67% of revenue for the year ended 2011 and represents an
    11% increase in the Company's gross margin percentage over the same
    quarter of 2010 which was 60% of revenue.

--  Reported revenue increased 16% to $5,697,288 million from $4,904,740
    million when compared to the same period of 2010. For the 2011 year-end,
    SPoT's system-wide sales revenue (without elimination for any cafe
    operating partnerships) was approximately $6.4 million. For SPoT cafes
    open for two years or longer, the same-store sales increased from 2010
    to 2011 by an average of 7.6% for each of these cafes. The Company
    operated seven cafes during this quarter including SPoT Hertel which
    opened for business only in late November 2011.

--  Cost of sales decreased 4% to $1,887,019 as compared to $1,958,587 for
    the same period of 2010 as the Company continues to benefit from
    increasing economies of scale, ordering and waste management
    efficiencies.

--  SPoT uses Earnings Before Interest, Taxes, Depreciation and Amortization
    ("EBITDA") as a measurement of the Company's internal operating
    performance and a closer indication of cash earnings. For the 2011 year-
    end, SPoT's EBITDA significantly improved by 72% from a negative EBITDA
    of $291,364 in 2010 to a negative EBITDA of $81,451. The Company's
    consolidated net loss increased to $992,282 from a loss of $707,835 for
    the same period of 2010. The increase to the Company's consolidated net
    loss for the year ending 2011 is in line with the overall expansion of
    SPoT's operations and include an increase driven by new cafe costs and
    to certain centralized corporate overhead costs, including non-cash
    expenses reflecting option issuance to key management, directors and
    employees of the Company, as SPoT invests into its expansion platform.

Commenting on the gross profit and sales increase, SPoT Coffee President, Anton Ayoub commented, "We have achieved major improvements to the financial operation of our cafes. For 2011, our average SPoT cafe sales exceeded the $1.0 million mark while average cafe costs have been noticeably reduced. Each cafe is contributing a return to the head office allowing us to move aggressively forward with the construction of new cafes and enabling us to move closer to generating targeted profit."

SPoT benefited from the following key factors over the year:

1.  Strength of same-store sales growth. For SPoT cafes open for two years
    or longer, the average annual same-store sales increase from 2010 to
    2011 was 7.6% for each of these cafes. SPoT is focused on further
    integrating and engaging in the communities that surround the cafes by
    working with local festivals and events to implement promotions and
    continuing to increase overall brand awareness. Throughout the year,
    SPoT implemented various marketing and branding initiatives and is
    focusing on growing and developing its social media platform in order to
    further increase the SPoT brand.

2.  Growth through new cafes. SPoT announced the opening of the SPoT Hertel
    cafe in late November of 2011 which is centrally located in an historic
    North Buffalo community on Hertel Avenue. This cafe (owned 60% by SPoT)
    as well as the first full year of operations for SPoT Delray Beach
    (owned 49% by SPoT) have contributed to an overall increase in sales.

3.  Growth through commercial accounts. During 2011, SPoT focused on growing
    and expanding its commercial account business through increasing the
    wholesale distribution of its coffee and sales to local businesses and
    institutions. SPoT expects to have its new roasting facility operational
    during June 2012 which will create more roasting capacity and allow SPoT
    to further expand this area of business.

4.  Cost reductions. Over the course of 2011, SPoT has significantly
    narrowed its vendor base and put agreements in place with existing
    vendors to maximize cost control on all purchases and further take
    advantage of SPoT's increasing economies of scale. An improved cafe
    waste management process has enabled cafe managers to gain a more real-
    time understanding of waste costs and allowed them to implement
    procedures to minimize cost. Additionally, SPoT has continued to focus
    on efficiently utilizing labor and reducing overall labor expense where
    appropriate through a structured tracking system that allows the
    identification of the optimal labor needed to support operations as well
    as support a more streamlined scheduling process. SPoT also worked with
    its energy suppliers in order to better manage its energy costs and
    actively reduce monthly bills.

SPoT has identified new locations consistent with SPoT's location and demographic criteria and is continuing to strategically grow across Western New York and Southern Ontario. The Company's recently provided an update on its current cafes under construction, SPoT Concord Park Place in North York, Toronto, and SPoT Transit Road in Buffalo, which are both expected to open for business in the summer of this year. SPoT also announced that it will be receiving possession of its new cafe location in Saratoga Springs in July of this year at which time construction will commence immediately with a target date for completion in early fall.

About SPoT

SPoT (www.spotcoffee.com) designs, builds and operates community-oriented cafes that provide its customers from every lifestyle and culture with the highest quality service, signature light meals and in-house roasted gourmet coffee. The current SPoT management team and directors have been successfully operating company-owned cafes since 2004.

Each SPoT cafe is a popular and friendly gathering place for its community where specialty coffee, upscale beverages, fresh baked goods, signature sandwiches, soups, salads and gourmet pizza, cakes, pastries and home baked goods are offered and enjoyed by its patrons in a warm, friendly and home-like environment.

The Company currently operates seven cafes that range in size from 2,000 to in excess of 4,000 sq. ft. with three more cafes currently under development. SPoT is currently evaluating several locations as part of its North American expansion.

Unlike other conventional gourmet coffee houses and quick service restaurants that are built on uniformity of product and style, each SPoT cafe maintains several unique and key features, including:

--  Dedication to create a friendly environment that nourishes and
    intensifies a sense of gathering and of community;

--  In-house roasting and blending SPoT's own award-winning premium Arabica
    coffee;

--  Unwavering commitment to offer the customers of the Company the highest
    quality products and services;

--  Innovative and varying cafe designs that consider both the culture and
    flavor of the specific communities of each cafe;

--  Choice of corner locations for each SPoT cafe at the center of their
    neighborhoods;

--  Ability to offer intimate and warm ambiances in each cafe to suit the
    social and private moods of SPoT's patrons; and

--  Trained and dynamic service staff that are proud to call themselves
    "SPoTters" who enjoy serving their customers and make them feel at home.

Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

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

FOR FURTHER INFORMATION PLEASE CONTACT:
        SPoT Coffee (Canada) Ltd.
		Lindsay Cross
        Investor Relations Manager
        (416) 368-2220
        lcross@SPoTcoffee.com
		www.spotcoffee.com

Source: SPoT Coffee (Canada) Ltd.

News Release Feb. 2, 2012

02 Feb 2012 20:28:00 GMT

SPoT Coffee Announces Tenth Cafe and Starts Expansion in to Upstate New York

http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0763265001&sourceType=1http://www.ccnmatthews.com/logos/20100205-Spt200.jpg

TORONTO, ONTARIO -- (Marketwire) -- 02/02/12 -- SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce its tenth new cafe is to be ideally located in the centre of Saratoga Springs, New York ("SPoT Saratoga Springs"). This is the first of three planned locations that SPoT anticipates opening in this economically vibrant part of Upstate New York.

Located in Upstate New York, Saratoga Springs has transformed from a summertime tourist destination to a thriving year-round hot spot with a strong community population. The city attractions include the Saratoga Hot Springs, the Saratoga Race Course, as well home to both Empire State College and Skidmore College. Conveniently located just one block off Broadway, the central city street, SPoT Saratoga Springs is situated on a prime corner location in a new residential and commercial development. The new building will feature 124 residential apartments, access to ample parking spaces, and will be constructed by an award-winning builder. SPoT anticipates starting construction on this first Saratoga Springs cafe by early this Spring of 2012.

SPoT's first Saratoga Springs cafe is the Company's tenth cafe and SPoT strongly believes it will be able to exceed its previously announced target of opening three to four new cafes over the course of this year. In addition to more locations planned for Saratoga Springs, SPoT is currently actively reviewing and in discussion on several new locations in downtown Toronto, Ontario and in Western New York State. SPoT believes the market for quality locations that meet the Company's economic and demographic criteria continues to be highly favorable enabling a quicker pace of expansion. Furthermore, major real estate developers have been approaching SPoT for prime locations as they believe SPoT compliments and services the desired lifestyle of their developments.

SPoT Saratoga Springs, the Company's first cafe in this area, will highlight 2,460 square feet of space including 600 square feet of an indoor/outdoor atrium and additional outdoor patio space. The interior design will be aligned with SPoT's community-oriented cafe concept showcasing a unique wall sized mural capturing the culture of the surrounding community, dining and lounge style seating areas and a stage for live entertainment. SPoT's complete menu of gourmet food and specialty beverages will be offered including SPoT's famous Belgian waffles, freshly prepared gourmet pizzas, signature sandwiches, SPoT's own in-house roasted coffee and an assortment of freshly baked desserts and goods will be available.

Construction Update

As previously announced, SPoT's eighth cafe, SPoT Park Place, located in the new urban development of Concord Park Place in North Toronto, is on schedule to open. The building permit has been issued and construction has commenced. This cafe is expected to open this Spring of 2012.

SPoT's ninth cafe, SPoT Transit Road, located in the crossroads between the affluent neighborhoods of Clarence and Amherst, New York is also on schedule to open. Building permit issuance is in progress and construction is expected to start this month. This cafe is also expected to open late Spring of 2012.

The Company is progressing with the expansion of its gourmet coffee roasting facilities to service the growing number of SPoT cafes and expanding commercial account program. The expanded roastery facilities, which will now be featured as a showpiece in the Company's SPoT Delaware location, is anticipated to open during this March of 2012. Equally the re-location and expansion of the Company's central kitchen facilities to support SPoT's growing business is equally on track. SPoT anticipates opening its new, state-of-the-art open concept central kitchen facility with square footage of 2,250 late March of 2012. This facility will be located behind the Company's SPoT Hertel cafe in Western New York.

About SPoT

The Company currently operates seven cafes that range in size from 2,000 to in excess of 4,000 sq. ft. with three more cafes currently under development. Spot is currently evaluating several locations as part of its North American expansion.

Unlike other conventional gourmet coffee houses and quick service restaurants that are built on uniformity of product and style, each SPoT cafe maintains several unique and key features, including:

--  Dedication to create a friendly environment that nourishes and
    intensifies a sense of gathering and of community; 
--  In-house roasting and blending SPoT's own award-winning premium Arabica
    coffee; 
--  Unwavering commitment to offer the customers of the Company the highest
    quality products and services; 
--  Innovative and varying cafe designs that consider both the culture and
    flavor of the specific communities of each cafe; 
--  Choice of corner locations for each SPoT cafe at the center of their
    neighborhoods; 
--  Ability to offer intimate and warm ambiances in each cafe to suit the
    social and private moods of SPoT's patrons; and 
--  Trained and dynamic service staff that are proud to call themselves
    "Spotters" who enjoy serving their customers and make them feel at home.

Forward Looking Statements

Contacts:
SPoT Coffee (Canada) Ltd.
Lindsay Cross
Investor Relations Manager
(416) 368-2220
lcross@spotcoffee.com
www.spotcoffee.com

Source: Marketwire (February 2, 2012 - 2:39 PM EST)

Priority to tourism projects

13 Jan 2012 16:18:00 GMT

By Homoud al Mahrazi -
MUSCAT —

The Ministry of Tourism has received more than 500 applications for tourism projects and some of them have excellent feasibility studies and are expected to be successful and highly profitable when implemented.
“We want to give chance for those who are willing to establish tourism projects provided they present thorough studies. Applicants should have good knowledge in the tourism field,” said Shaikh Abdulmalik bin Abdullah al Khalili, Minister of Tourism.

Talking to Oman Arabic daily, sister publication of the Observer, he said that the ministry has started a new approach for granting land to those who apply for tourism projects whereby the projects are floated for competition, and the approval will be given to the best offers in terms of technicalities.

The method of open competition stems from the ministry’s keenness to apply transparency and the principle of fairness, and to guarantee success of the projects.
The ministry will open competition for land usufruct to establishing tourism projects in Ibri, Masiral, Mudhaibi and Sur, the minister added. The selection of Muscat as a capital for Arab tourism is a recognition of the city’s importance in the tourism sector. The ministry has set up a team to study the details and preparations for the event. Actual preparations are set to start before the end of this year.

“We endeavour to extend the tourists stay in the country to more than two nights, we can achieve this through various tourist and entertainment projects.

“I am hopeful that the coming period will see the tourism sector achieve further development especially with the increase of tourism allocations in the current Five-Year Development Plan (2011-2015) to RO 105 million, in addition to the government contribution to integrated tourism complexes,” he added.

The total value-added for the tourism sector (hotels and restaurants) during the first quarter of this year has reached RO 49.2 million, compared with RO 47 million in the corresponding period of last year.

The minister said that they are striving to develop the tourism sector through the tourism development plans. The 8th Plan emphasises on sustainable and balanced development for the tourism sector.

The plan aims to achieve a minimum of 7 per cent annual growth rate, as well as upgrade the internal tourism.

Among the ministry’s goals are the diversification of tourism products and the incorporation of local communities in the tourism development.
The government of the Sultanate of Oman is committed to applying the standards of sustainable tourism with the objective of protecting the environment and preserving the natural resources and the Omani cultural identity.

Our strive to implement the objectives of the 8th Plan will lead to the desired advancement in the tourism industry to the benefit of the national economy, this trend will also provide a plethora of job opportunity for the unemployed, he added.
The minister said that the Royal directive to transform the Port Sultan Qaboos to a fully-fledged tourism port, emanates from His Majesty the Sultan’s keenness to develop the tourism sector and to foster the tourism infrastructure.

Co-operation is under way between the Tourism Ministry and the public and the private sectors to prepare the general framework of services and amenities to be set up in the project so that the new tourist port will be able to offer integrated tourist services.
Al Khalili added that an approximately RO 105 million has been earmarked to the tourism sector in the 8th 5-year development plan, in addition to the government contribution to the integrated tourism complexes.

Among the most important projects in the next period are; maintenance work and establishment of a health club and villas in the Al Bustan Palace Hotel, as well establishment of tourist service amenities in various locations, establishment of a tourism resort in Masirah, development word of Majlis Al Jinn Cave, and the establishment of tourist service amenities in Al Wusta Region.

Speaking about the dispute between the investors and the developers of Salalah Beach Resort, the minister said there is a direct relationship between the company and the buyers of the units, so it is better for the ministry not to interfere at this time.
“There are certain mechanisms for settle such disputes as per the purchase contracts. As far as I know there are no such problems in other projects.

“We are fully aware of the scale of competition in the tourism industry in the region, hence we are focusing on the fields that enhances our competitiveness such as the continuous improvement and diversification of the quality of our tourist services via introducing new styles capable of catering to the needs of a wide segment of tourists, intensifying our promotion campaigns, opening up new markets in the emerging countries, and fostering co-operation with national carrier — Oman Air — so as to draw large numbers of tourists, the minster said.

Orignally published on Fri. January 13th, 2012

Link to article: http://main.omanobserver.om/node/79131

CFRI - Conforce International Released Form 10-Q Second Quarter Financials

14 Nov 2011 22:37:00 GMT

CFRI - Conforce International Released Form 10-Q Second Quarter Financials

Company to host conference call to provide an update on operations on Wednesday, December 7, 2011

Oman partners register shareholdings in RO 1bn Omagine project

19 Sep 2011 12:46:00 GMT

Signing of key Development Agreement expected soon - By Conrad Prabhu - MUSCAT —

A key agreement that will pave the way for the commencement of construction work on the much-anticipated Omagine mixed use tourism, cultural and residential project in Muscat is expected to be signed soon, according to the promoters of the RO 1 billion venture.

It follows the completion at the Ministry of Commerce and Industry last week of shareholder registration of the project company’s three new partners. The registration effectively formalises equity stakes for the Office of Royal Court Affairs (25 per cent), Consolidated Contractors Company SA (10 per cent) and Consolidated Contractors Co Oman LLC (5 per cent). Consequently, parent company Omagine Inc’s equity holding in the project shrinks from the original 100 per cent to 60 per cent.

In a statement, Omagine’s President, Frank J Drohan, welcomed the successful completion of the registration process as another milestone on the road to the implementation of the prestigious project. The company now has its sights on the on-important Development Agreement (DA) with the Government of Oman covering the design, development, construction, management and ownership of the Omagine Project. The draft DA, which has been approved by all of the relevant ministries, is now awaiting final signature, according to Omagine LLC.

“We see no impediment now to the DA being signed in a timely fashion. We look forward to beginning the development of the Omagine Project,” Drohan stated.

Set on a waterfront stretch covering one million square metres near Muscat International Airport, Omagine is envisaged as a sumptuous mixed use development incorporating heritage, educational, entertainment and residential components. The centerpiece is ‘high culture’ theme park featuring seven pearl-shaped buildings, associated exhibition buildings, a boardwalk, an open air amphitheatre and stage.

In addition to an enclosed harbour and marina, the complex will also include a selection of five, four and three-star hotel resorts, restaurants, retain shops, entertainment avenues, and other leisure facilities. A residential component comprising around 2,000 residential units is envisaged as well. When launched in phases over the next several years, Omagine with its stunning array of sea facing architectural and cultural components will transform a section of Muscat’s waterfront along the Seeb-Al Hail stretch into a luxury lifestyle destination. It will complement the equally splendid The Wave, Muscat mixed use tourism and residential development which has pioneered the concept of Integrated Tourism Complexes (ITCs) in the Sultanate.

Consolidated Contractors Company (CCC), which is already executing a number of big-ticket infrastructure projects in Oman, has been named as the general contractor for the Omagine venture. CCC Oman is a subsidiary of Consolidated Contractors Group SAL (CCG), a Lebanese multinational company headquartered in Greece. CCG and its subsidiaries around the region boast a combined workforce of 120,000 employees and an annual revenue of $5.5 billion.

US-based Omagine Inc is a real estate development, entertainment and hospitality company focusing on development opportunities in the Gulf and Middle East. Net positive cash flows for Omagine LLC are forecast in excess of $1 billion over the seven year period subsequent to the signing of the DA with a net present value of the project in excess of $500 million, according to the promoters.

The piece below ran in the Saturday edition of the Oman Observer.

http://main.omanobserver.om/node/65139

Omagine LLC Shareholders are Registered - Includes Sultan Of Oman

13 Sep 2011 16:58:00 GMT

NEW YORK, Sept. 13, 2011 -- Omagine, Inc. (OTCBB:OMAG) today announced that, as required by the laws of the Sultanate of Oman, all the shareholders of its sixty percent (60%) owned Omagine LLC subsidiary have now been officially registered with Oman's Ministry of Commerce & Industry.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10532

"We are pleased that the legal shareholder registration process required by the Government of Oman is now completed," said the Company's president, Frank J. Drohan.

"The Ministry of Commerce registration was a necessary condition precedent to the Government and Omagine LLC signing the Development Agreement," he continued, "and although our previous mid-September estimate for that signing will probably be delayed by several weeks, we see no impediment now to the DA being signed in a timely fashion. We look forward to beginning the development of the Omagine Project."

Omagine LLC was formed in the Sultanate of Oman by the Company to develop, own and operate the Omagine Project which is estimated to cost approximately $2.5 billion to develop and construct.

Minority ownership positions in Omagine LLC were recently sold to 3 new shareholder investors for approximately $70 million U.S. dollars. The new shareholder investors are: (i) the Office of Royal Court Affairs, (ii) Consolidated Contracting Company S.A. and (iii) Consolidated Contractors Co. Oman LLC.

Omagine LLC is owned as follows:
Omagine, Inc.	60%
Office of Royal Court Affairs	25%
Consolidated Contracting Company S.A.	10%
Consolidated Contractors Co. Oman LLC	5%

About the Omagine Project.

The Omagine Project is planned to be developed by Omagine LLC on approximately 245 acres of beachfront land facing the Gulf of Oman just west of Oman's capital city of Muscat. Nearby to Muscat International Airport, the Omagine Project will integrate cultural, educational, entertainment and residential components into a sustainable environment. Omagine will include tourism, retail and commercial venues as well as restaurants, hotels and entertainment elements and approximately two thousand residences.

About the Office of Royal Court Affairs.

The Office of Royal Court Affairs is an Omani organization representing the personal interests of His Majesty; Sultan Qaboos bin Said, the Sultan of Oman.

About Consolidated Contractors.

Consolidated Contractors Group S.A.L. (Holding Company), ("CCG") is a Lebanese multi-national company headquartered in Athens, Greece. In 2010 CCG had five and one-half (5.5) billion dollars in annual revenue, one hundred twenty thousand (120,000) employees worldwide, and operating subsidiaries in, among other places, every country in the Middle East.

Consolidated Contracting Company S.A. is a wholly owned subsidiary of CCG and is its investment arm.

Consolidated Contractors Co. Oman LLC, is an Omani limited liability construction company and is CCG's operating subsidiary in Oman.

About Omagine, Inc.

Omagine, Inc. (the "Company") is a holding company which conducts all its real-estate development, tourism and entertainment business activities through its 60% owned subsidiary Omagine LLC and its 100% owned subsidiary Journey of Light, Inc. The Company is focused on real-estate, entertainment and hospitality development opportunities in the Middle East and North Africa ("MENA") region. Governments in the MENA Region are seeking to diversify their economies through projects that create employment and tourist destinations. It is the Company's opinion that this strategic vision combined with the enormous financial resources in the MENA region will continue to present superb development opportunities.

For all the Company's investor relations needs, investors are asked to visit Omagine's IR Hub at http://agoracom.com/ir/omagine which provides an open discussion platform for investors and other participants. Investors may e-mail correspondence to OMAG@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time. Investors or interested parties may also visit Omagine's website at www.omagine.com.

The Omagine, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2345

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of Omagine, Inc.'s business are detailed in the Company's SEC reports. The Company urges investors to read the SEC Reports and cautions that future events rarely develop exactly as forecast, and the best estimates routinely require adjustment.

CONTACT: Omagine, Inc.
         Corporate Inquiries
         Charles P. Kuczynski, Vice-President
         (212) 563-4141
         ckuczynski@omagine.com

Re: SP Thoughts

08 Sep 2011 16:10:37 GMT

Hi there, just bought into YLO because I heard through a BNN inquiry that they should stabilize around $4.00, although they will reduce their 6% dividend to 1.5% - not bad for a newbie.

VNP Reports 4Q Results and Record Revenues...

26 Aug 2011 00:14:00 GMT

5N Plus Inc. Reports Fourth Quarter Results and Record Revenues and Earnings for Fiscal Year 2011

Press Release Source: 5N PLUS INC. On Wednesday August 24, 2011, 7:00 pm EDT

MONTREAL, Aug. 24, 2011 /CNW Telbec/ - 5N Plus Inc. (Toronto:VNP.TO), the leading producer of specialty metal and chemical products, today reported financial results for its fourth quarter and fiscal year ended May 31, 2011 in which revenues, earnings, EBITDA, funds from operations and backlog all reached record levels.

On April 11, 2011, 5N Plus announced that it had completed the acquisition of MCP Group SA. Results for the quarter and year ended May 31, 2011 include the operating results of MCP from the date of acquisition. 5N Plus now operates and reports operating performance under two business segments, namely Electronic Materials and Eco-Friendly Materials.

Revenues for the fourth quarter ended May 31, 2011 reached $119.8 million, an increase of 507% over revenues of $19.7 million for the fourth quarter of the last fiscal year. Revenues for the fiscal year ended May 31, 2011 were $178.8 million up by 153% over revenues of $70.8 million in the last fiscal year. The backlog of orders expected to translate into sales over the next twelve months was $253.8 million as at May 31, 2011 compared to $52.7 million one year earlier.

Net earnings from continuing operations for the fourth quarter were $10.0 million or $0.17 per share, representing a 130% increase compared to net earnings from operations of $4.4 million or $0.09 per share for the fourth quarter of the last fiscal year. For the fiscal year ended May 31, 2011, net earnings from continuing operations were $21.6 million or $0.44 per share, which is 43% higher than in the last fiscal year where net earnings from continuing operations were $15.1 million or $0.33 per share.

EBITDA for the fourth quarter increased by 209% to $19.2 million up from $6.2 million for the fourth quarter of the previous fiscal year. EBITDA reached $36.8 million for the fiscal year ended May 31, 2011, an increase of 60% compared to EBITDA of $22.9 million in the last fiscal year.

Funds from operations, which is defined as the amount of cash generated from operating activities before changes in non-cash working capital, increased to $13.1 million in the fourth quarter and $29.6 million in the fiscal year ended May 31, 2011. This compares to $5.7 million and $20.4 million, respectively, for the corresponding periods of the last fiscal year.

Shareholders' equity increased during the quarter to $348.9 million as at May 31, 2011, up from $125.7 million one year earlier, following the acquisition of MCP and the issuance on April 11, 2011 of 13.6 million shares for gross proceeds of $125.0 million.

The Board of Directors of 5N Plus has agreed to change the financial year-end of 5N Plus from May 31 to December 31. This will align the financial year-ends of both 5N Plus and MCP and result in a simplification of internal processes with all subsidiaries and business units using the same reporting periods. The first quarter ending September 30, 2011 will include four months of 5N Plus' results and the annual period ending December 31, 2011 will include seven months of results.

As previously announced, 5N Plus also secured on August 12, 2011 a new $250 million senior secured multi‐currency revolving credit facility with a syndicate of seven banks led by National Bank of Canada and HSBC Bank. This facility replaces the company's existing $50 million two‐year senior secured revolving facility with National Bank of Canada and eventually most of MCP's credit facilities.

Jacques L'Ecuyer, President and Chief Executive Officer, said "We are pleased to report our fourth quarter and year-end results for what has been a truly outstanding period for 5N Plus. With the acquisition of MCP, we have literally transformed our company into a specialty metals and chemicals powerhouse with a strong focus on clean technology markets. Our fourth quarter and year-end results, which are at record levels both in terms of revenues and profitability, are very much in line with our expectations and quite indicative of what we believe the future holds for our company. We now have a much broader product portfolio and a well diversified customer base supported by operations worldwide and a strong commercial network, providing an expanded organic growth platform that we can leverage to further develop our company."

Mr. L'Ecuyer continued, "With revenues increasing by more than 500% in the quarter and earnings more than doubling following the acquisition of MCP, it is easy to lose sight of some of the other accomplishments that were made during the year. These include the renewal and extension of our contract with First Solar until the end of 2015, the set-up of an integrated germanium production capacity following construction and commissioning of a new facility in Trail, British Columbia, our investments in Sylarus, and the development of a solar module recycling facility in Wisconsin, all of which have enabled us to further strengthen our business. In addition, we also received several awards during the year related to the cleantech technology sector, recognizing our efforts in both recycling and sustainable development."

Mr. L'Ecuyer concluded, "As we begin our new fiscal year, we would like to thank our employees and investors for their support and confidence, and extend a special welcome once again to those employees of MCP. With our backlog of more than $250 million and a suite of products aimed at a number of exciting and growing applications, we are more confident than ever that we can continue to execute on our growth plan and deliver another solid year of operational and financial performance."

Click here for the complete release...

Form 10-Q for the period ended June 30, 2011

12 Aug 2011 20:36:00 GMT

Dear Omagine Investors,

Please be advised that Omagine, Inc. has filed its quarterly report with the SEC today on Form 10-Q for the period ended June 30, 2011.

To review the complete filing please use the link below, or to review all corporate filings, please click on the “View Filings” section of the main page of the Omagine hub here at Agoracom. See below in this posting for excerpts from the report.

http://sec.gov/Archives/edgar/data/820600/000101376211002125/form10q.htm

Regards,

AGORACOM

===========================================

The Development Agreement has now been approved by all the required Ministries of the Government of Oman.

In July 2011 the newly appointed Minister of Tourism approved the DA for the Omagine Project and sent a formal letter to His Majesty the Sultan requesting the Sultan’s final approval of the project. Since His Majesty the Sultan is a 25% shareholder of Omagine LLC, management expects this royal approval formality to be forthcoming in the ensuing days.

The registration with the Ministry of Commerce & Industry (“MCI”) of Oman of the ownership positions of the Omagine LLC shareholders (the “Registration”) is a necessary condition precedent to the signing of the DA. All necessary documentation for the Registration process has now been received by the Company’s attorneys in Oman and completion of the Registration process is expected to occur imminently

August 2011 is the holy month of Ramadan and management presently expects the Development Agreement to be signed by the Government and Omagine LLC either during Ramadan or by mid-September 2011.

While this process has experienced many delays, management remains confident that the although the precise date for the signing of the DA is not possible to predict at this time, management presently believes that it will be signed before September 15, 2011. As of the date of this report, management believes that the only remaining task to be accomplished before signing the DA is the imminent completion of the Registration.

-----------------------------------------------------------------------------------------------------------

The Shareholder Agreement defines the “Pre-Development Expense Amount” as the total amount of expenses incurred by the Company prior to the signing of the DA. Such expenses were incurred with respect to the planning, concept design, re-design, engineering, financing, capital raising costs and promotion of the Omagine Project and the negotiation and conclusion of the Development Agreement with the Government.

The Shareholder Agreement (i) estimates the Pre-Development Expense Amount to be approximately nine (9) million U.S. dollars and (ii) defines the Success Fee as being equal to ten (10) million dollars.

As provided for in the Shareholder Agreement, Omagine, Inc. will, receive payment in full of:

(i)               the Pre-Development Expense Amount and,

(ii)              the $10 million Success Fee.

The ten (10) million dollar Success Fees will be paid to Omagine, Inc. in five annual two (2) million dollar installments beginning on or within ten (10) days after the Draw Date.

Fifty percent (50%) of the Pre-Development Expense Amount will be paid to Omagine, Inc. on or within ten (10) Days after the Draw Date, and the remaining fifty percent (50%) will be paid to Omagine, Inc. in five equal annual installments beginning on the first anniversary of the Draw Date.

Pursuant to the Shareholder Agreement:

1. CCIC’s two subsidiaries will invest an aggregate of 19,010,000 Omani Rials (equivalent to $49,426,000) into Omagine LLC.

2. RCA will invest an aggregate of 7,678,125 Omani Rials (equivalent to $19,963,125) into Omagine LLC

3. Omagine Inc. will invest an aggregate of 300,000 Omani Rials (equivalent to $780,000) into Omagine LLC

The ownership percentages of Omagine LLC presently are:

Omagine, Inc. 60%

RCA 25%

CCC-Panama 10%

CCC-Oman 5%

Subsequent to the above cash investments into Omagine LLC being made by the New Shareholders and Omagine, Inc., the capital of Omagine LLC will be 26,988,125 Omani Rials (equivalent to $70,169,125). The capital of Omagine LLC will likely be increased further at a later date by the non-cash capital increase resulting from the valuation of the PIK.

The financial results of Omagine LLC will be consolidated into the financial results of the Company in accordance with accounting principles generally accepted in the United States. As a result of its 60% ownership of Omagine LLC, the Company will experience two (2) separate and substantial increases in net worth on a consolidated basis on or shortly after the Financing Agreement Date as follows:

(i) $42,101,475, which is 60% of the $70,169,125 of cash capital investments which will be recorded at such time as capital on Omagine LLC’s financial statements, and

(ii) a very substantial, but as yet undetermined amount, which will be 60% of the valuation of the PIK, which valuation will be recorded at such time as capital on Omagine LLC’s financial statements.

===========================================

Surge in tourist arrivals to drive travel and tourism sector's share in Oman GDP

11 Aug 2011 15:43:00 GMT

The World Travel and Tourism Council (WTTC) forecasts that travel and tourism will contribute $1.93bn to Oman's total GDP this year, driven by strong tourist arrivals to the Sultanate. The nation's flagship carrier Oman Air reports a surge in tourism arrivals via its Q1 2011 flights.

Passenger figures for the period surpassed those of 2008, 2009 and 2010, with March 2011 witnessing 35,000 arrivals compared to around 25,000 in March of the previous year.

The cities of Muscat and Salalah are already expanding their respective airports to accommodate passenger traffic of between 48 and 10 million per annum. Arrivals at Oman's key ports are growing as well, with Muscat alone reporting over 90 cruise ship visits for the 2010 -2011 season.

"This is turning out to be another fruitful year for tourism in Oman. There are many projects currently underway to welcome even more travelers to explore our culture, natural treasures and colorful history. We attribute Oman's appeal to our range of offerings for holiday travelers and adventurers alike, from old forts and seaside palaces to pristine beaches and fun seasonal festivals. We intend to further develop the necessary infrastructure and programs to support this thriving sector," said Salem Al Mamari, Director General of Tourism Promotions, Oman Ministry of Tourism.

Oman's Ministry of Tourism, the government body in charge of tapping the Sultanate's travel and tourism potential, recently joined the International Council of Tourism Partners as an alliance member.

The Ministry is thus in a better position to globally promote upcoming tourism developments such as the $2.5bn 'Omagine' project covering a series of Integrated Tourism Complexes in Muscat and the $1bn tourism resort being built in the port city of Salalah. A future Convention and Exhibition Centre scheduled to open in late 2013 will extend Oman's appeal to business travelers as well.

Oman is also home to several heritage sites recognized by UNESCO's International Heritage Preserve Program Administration.

The Ministry of Tourism continues to improve on both the accessibility and protection of these sites as the Sultanate's contributions to global culture.

Source: http://www.ameinfo.com/272751.html

Omagine Inc. - 245 Acres of Beach Front Development in Oman

25 Jul 2011 19:07:00 GMT

The Omagine Project is planned to be developed on one million square meters (equal to approximately 245 acres) of beachfront land facing the Gulf of Oman just west of the capital city of Muscat and nearby Muscat International Airport.

The project is presently planned to be an integration of cultural, heritage, educational, entertainment and residential components, including: a "high culture" theme park containing seven pearl shaped buildings, each approximately 60 feet in diameter, associated exhibition buildings, a boardwalk, an open air amphitheater and stage; open space green areas; a canal and an enclosed harbor and marina area; associated retail shops and restaurants, entertainment venues, boat slips, and docking facilities; a five-star resort hotel, a four-star resort hotel and possibly a three or four-star hotel; commercial office buildings; shopping and retail establishments integrated with the hotels, and approximately two thousand residences to be developed for sale.

Click on image below to start webcast

CFRI receives initial orders from CIMC Vanguard for $450,000

29 Jun 2011 12:41:00 GMT

CFRI receives initial orders from CIMC Vanguard for $450,000
MARKET WIRE via COMTEX
Toronto, Ont. - June 29, 2011 TORONTO, Ontario, Conforce International, Inc. ("Conforce" or "Company") (OTCBB: CFRI) today announced that it has commenced commercial production of its proprietary EKO-FLOR xts composite trailer floor system at its manufacturing facility in Peru, Indiana.

The Company has received initial orders from CIMC Vanguard National Trailer Corporation totaling in excess of $450,000. With regard to its plans to integrate EKO-FLOR into Vanguard's production platform, Mr. Charlie Mudd, President of CIMC Vanguard, commented that: "CIMC Vanguard has been eagerly awaiting the launch of EKO-FLOR commercial production in Peru, Indiana. We gave Conforce small initial orders earlier this year and plan to build on those orders in the coming months. Our feedback from customers to date has been extremely positive. As Conforce increases its production capacity in Peru, our sales force will aggressively offer EKO-FLOR to our fleet customers and position it as a standard premium option on all of our trailer lines. EKO-FLOR is lighter, stronger and longer lasting than any other floor available today. We have always been on the front end of new advancements in the industry. Innovations like EKO-FLOR allow us to maintain our competitive advantage."

EKO-FLOR has received TTMA certification and has yielded successful platform test and over-the-road results. As the Company builds out its production capacity in Peru, it expects broad adoption of EKO-FLOR throughout the industry. Conforce has also had discussions with leading highway truck and trailer manufacturers including Great Dane Trailers, Wabash National, Utility, Hyundai Translead and Fontaine Trailer. In addition, EKO-FLOR has been installed by Stoughton Trailers in its 50th Anniversary trailer which will be displayed at numerous trade shows throughout the United States.

In advance of the launch of commercial production, Conforce has continued to staff and train its personnel in Peru, Indiana and will commence 24/5 production from its proprietary manufacturing platform in mid-July 2011. The Company expects to have built out 20% of its manufacturing capacity by October 2011, by which time it will have shifted to 24/7 production. At full production, the facility is capable of generating gross revenue in excess of $12,000,000 per month.

Additional information pertaining to the Company and its operations, including more detailed information with respect to the Company's March 31, 2011, financial statements, will be contained in its Annual Report on Form 10-K, which the Company anticipates filing on or before June 30, 2011. Once filed, the Annual Report will be available at no charge at http://www.sec.gov.

The Company also announced that in August 2011, following the release of its financial results for its first quarter ended June 30, 2011, it will begin conducting quarterly conferencecalls.

Omagine LLC Shareholder Agreement Is Signed

31 May 2011 20:05:00 GMT

Dear Omagine Investors,

Please be advised that Omagine, Inc. has disseminated a Press Release today which may be read in its entirety at the link below.

Also see below for an excerpt from the Press Release.

http://www.marketwire.com/press-release/omagine-llc-shareholder-agreement-is-signed-otcbb-omag-1520875.htm

Regards,

AGORACOM

NEW YORK, NY--(May 31, 2011) - Omagine, Inc. (OTCBB: OMAG) (OTCQB: OMAG) today announced that Omagine, Inc. (the "Company") and three other investors (the "New Shareholders") have signed a shareholder agreement with respect to Omagine LLC (the "Shareholder Agreement"). Prior to the signing of the Shareholder Agreement Omagine LLC was a wholly owned subsidiary of the Company.

Omagine LLC was formed in the Sultanate of Oman by the Company to develop, own and operate the Omagine Project which is estimated to cost approximately $2.5 billion to develop and construct. The New Shareholders are (i) the office of Royal Court Affairs, (ii) Consolidated Contracting Company S.A. and (iii) Consolidated Contractors Co. Oman LLC.

"We are tremendously pleased with the recent signing of the Omagine LLC Shareholder Agreement and we are extremely proud to have such highly effective and strategic shareholders to guide the success of our Omagine LLC subsidiary," said the Company's president, Frank J. Drohan.

Drohan continued, "The Company's Board of Directors and the New Shareholders in our Omagine LLC subsidiary look forward to signing the Development Agreement with the Government of Oman and to beginning the development of the Omagine Project."

Pursuant to the Shareholder Agreement, the Company's 100% ownership of its Omagine LLC subsidiary will be reduced to 60% and the Company and the New Shareholders will invest approximately $70 million U.S. dollars into Omagine LLC.

The ownership of Omagine LLC is now as follows:

Omagine, Inc. 60%
Royal Court 25%
CCC-Panama 10%
CCC-Oman 5%

About the Omagine Project.
The Omagine Project is planned to be developed by Omagine LLC on approximately 245 acres of beachfront land facing the Gulf of Oman just west of Oman's capital city of Muscat and near Muscat International Airport. The Omagine Project is planned to integrate cultural, educational, entertainment and residential components, including tourism, retail, entertainment, hotels and commercial components plus approximately two thousand residences.

About the office of Royal Court Affairs.
The office of Royal Court Affairs is an Omani organization representing the interests of His Majesty; Sultan Qaboos bin Said, the Sultan of Oman.

About Consolidated Contractors.
Consolidated Contractors Group S.A.L. (Holding Company) ("CCG") is a Lebanese multi-national company headquartered in Athens, Greece. In 2010 CCG had five and one-half (5.5) billion dollars in annual revenue, one hundred twenty thousand (120,000) employees worldwide, and operating subsidiaries in, among other places, every country in the Middle East. Consolidated Contracting Company S.A. ("CCC-Panama") is a wholly owned subsidiary of CCG and is its investment arm. Consolidated Contractors Co. Oman LLC, ("CCC-Oman") is an Omani limited liability construction company and is CCG's operating subsidiary in Oman.

About Omagine, Inc.
Omagine, Inc. (the "Company") is a holding company which conducts all its real-estate development, tourism and entertainment business activities through its 60% owned subsidiary Omagine LLC or its 100% owned subsidiary Journey of Light, Inc. The Company is focused on real-estate, entertainment and hospitality development opportunities in the Middle East and North Africa ("MENA") region which is one of the fastest growing tourist destinations in the world. Governments in the MENA Region are seeking to diversify their economies through projects that create employment and tourist destinations. It is the Company's opinion that this governmental strategic vision combined with the enormous financial resources in the MENA region will continue to present superb development opportunities.

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of Omagine, Inc.'s business are detailed in the Company's SEC reports. The Company urges investors to read the SEC Reports and cautions that future events rarely develop exactly as forecast, and the best estimates routinely require adjustment.

Cascade to Acquire Advanced Gold-Copper Project in the Philippines

03 May 2011 16:56:00 GMT

nlk

FSC / Press Release

Cascade to Acquire Advanced Gold-Copper Project in the Philippines

Vancouver, British Columbia CANADA, May 03, 2011 /FSC/ - Cascade Resources Ltd. (CC - TSX Venture), ("Cascade" or "the Company") announces that it has entered into agreements to acquire the Nalesbitan gold-copper project, which combines a shallow epithermal gold deposit, with a large copper-gold porphyry target at depth. The acquisition includes:

i. an 80% economic interest (with an option to acquire the remaining 20% economic interest) in the Nalesbitan gold-copper project ("the Project") located in the Municipality of Labo, Camarines Norte Province on the Bicol Peninsula, south-eastern Luzon, in The Republic of Philippines, and

ii. 100% of the ore processing arrangements ("Processing") that are applicable to certain operations in the Philippines, the Nalesbitan Project being one such operation. The transactions are subject to the finalization of due diligence, definitive documentation, compliance with Philippine statutory requirements and regulatory approval.

The gold deposit at Nalesbitan has a well-defined core of Measured, Indicated and Inferred Resources, combined with numerous advanced exploration targets nearby. The related copper-gold porphyry mineralisation at depth is at an earlier stage, but provides an attractive bulk-tonnage target for the Company.

TERMS

The Project

Upon closing, Cascade will acquire an 80% economic interest by:

- Funding $1,000,000 of development capital,

- Issuing 16,666,667 shares at 30 cents per share (Cdn$5,000,000)

Cascade has an Option to acquire the remaining 20% economic interest by:

- Spending Cdn$2,000,000 in direct project costs within three years;,

- Obtaining an independent estimate of the Project's Net Present Value (NPV) and issuing shares at the then market price equivalent to 20% of the NPV subject to a minimum value of Cdn$5,000,000.

Until such time as Cascade acquires the balance it does not already own, the remaining 20% interest will be free carried.

Processing

Upon closing, Cascade will acquire 100% of a company holding all ore processing rights to the Project by issuing a further 16,666,666 shares at 30 cents per share ($5,000,000).

THE BOARD

At closing the Board will continue to be controlled by the four current directors.

Upon closing, Mr. Timothy E. Collver will be appointed as a Director, President and Chief Operating Officer of the Company. Mr. Collver has over 33 years of professional experience in the natural resource and banking industries working throughout North America, Australia and the South East Asian-Pacific region as both a geologist and investment banker/advisor. Mr. Collver holds a Bachelor of Arts with Double Honours from McMaster University. He is a Member of Australasian Institute of Mining & Metallurgy and an Associate Member of the Australian Institute of Bankers. Mr. Collver has worked as a geologist throughout Canada with resource companies such as Noranda, AGIP and Cominco, developing skills in minerals exploration, logistics and budgeting for project developments. In 1987 he joined Westpac Bank in the Project Finance and Corporate Advisory (M&A) department and, in 1990, became an Associate Director. Mr. Collver has originated, structured, documented and syndicated acquisitions, capital raisings and minerals exploration throughout Australasia and the Pacific regions and is an internationally recognized resource consultant and investment banker.

ABOUT THE PROJECT

The Property is composed of 14 mining claims that cover 1,134 hectares. It displays two attractive elements:

* A surface epithermal gold system that was previously mined and,

* An associated, deeper copper-gold porphyry target.

The main area of surface gold-silver mineralization identified to date (representing approximately 15% of the Project area) is referred to as the Nalesbitan Hill Gold Deposit. This zone of gold mineralization is approximately 1,300 metres long, up to 150 m wide and extending to a depth of at least of 125 m below surface.

As part of its due diligence, Cascade has recently commissioned and completed a NI:43-101 compliant report with a definitive Mineral Resource summarised in Tables 1 and 2 below, which has been estimated by Simon Gatehouse of Hellman & Schofield, who is an Independent Qualified Person in the meaning of NI:43- 101. Crystal Sun Consulting (D.Cox, Mining Engineer) has conducted a preliminary assessment of these resource estimates and has advised that, assuming a gold price of $US950 per troy ounce, reporting of resources above a cutoff grade of 0.5g/t Au is appropriate. This is based on open-pit mining and processing scenarios related to stacked heaps and cyanide leach gold recovery. Also, a cut-off of 0.9g/t Au is an appropriate reporting cut-off for grinding and milling followed by carbon in leach-carbon in pulp recovery methods.

Table 1 - Nalesbitan Measured & Indicated Resources, 7 March 2011

-***-
-----------------------------------------------------------------------
Cutoff Measured Indicated Measured & Indicated
---------------------------------------------------------------
Grade M tonnes Au g/t M tonnes Au g/t M tonnes Au g/t M ozs Au
(g/t) Au
-----------------------------------------------------------------------
0.5 2.1 1.2 1.7 1.0 3.8 1.1 0.13
-----------------------------------------------------------------------
0.7 1.4 1.5 0.93 1.4 2.3 1.4 0.10
-----------------------------------------------------------------------
1.0 0.91 1.8 0.59 1.6 1.5 1.7 0.08
-----------------------------------------------------------------------

-****-

Table 2 - Nalesbitan Inferred Resources, 7 March 2011

-***-

------------------------------------
Cutoff Inferred Resources
----------------------------
Grade M tonnes Au g/t M ozs Au
(g/t Au)
------------------------------------
0.5 1.30 1.0 0.04
------------------------------------
0.7 0.65 1.5 0.03
------------------------------------
1.0 0.39 1.9 0.02
------------------------------------

-****-

STRIKE EXTENSION EXPLORATION

A number of strike extension targets have been identified outside the Nalesbitan Hill Gold Deposit, each with extensive surface expressions. An eight-hole (diamond core) drilling program on one target (located approximately 500 metres from the Nalesbitan Hill Gold Deposit) delineated mineralization comprising banded epithermal quartz veins. The assay results included 8 metres at 6.6 g/t gold and 16g/t silver from 61 metres down hole, 4 metres at 3.2 g/t gold and 8 g/t silver from 43 metres, and 3 metres at 10.8 g/t gold and 5.1 g/t silver from 87 metres.

Another of the extension targets has been drill-tested with 4 holes and the results suggest the prospect has depth potential and may consist of stacked lodes.

PORPHYRY POTENTIAL

The near surface deposits, delineated to date, are classified as epithermal high-sulphidation gold-silver-copper mineralization, which quite commonly lies above an associated, buried, copper-gold porphyry intrusive. Historical geochemical analyses support the findings contained in published work by a number of internationally recognized porphyry specialists, suggesting that the epithermal mineralization at Nalesbitan is associated with a buried porphyry copper / gold system.

WORK PLANNED

Equipped with well-developed geological models, Cascade will be exploring Nalesbitan with the complementary objectives of finding:

(a) additional near surface mineable resources, and

(b) the source porphyry and any related deeper mineralization.

The work is designed to upgrade the resources, in quantity and reporting classification.

Mr. Russell-Jones, President of Cascade Resources, commented:

"This acquisition represents a major step forward for Cascade as we build a project portfolio with strong expansion characteristics. The Project is at an accelerated stage with clearly defined advancement milestones identified. Increasing the quantity of gold resources will be an early task. The discovery of a large porphyry copper-gold system, which is postulated by a number of leading international geologists and indicated by geophysical surveys to underlay the Project, is also an obvious goal.

By acquiring this Project, Cascade also obtains an experienced management team that is well equipped to rapidly achieve the advancement milestones. This is a technically robust and world class exploration project, with substantial upside potential on a number of fronts, and we look forward to working with the Philippine management team to greatly enhance its potential and value. This Project will give Cascade a presence in the Asia-Pacific region and thereby access to additional growth opportunities."

Cascade Resources Inc. is a mineral exploration company. Mr. David DuPre, a director of Cascade, is a Qualified Person under the guidelines of National Instrument 43-101 and has reviewed and approved the geological information contained in this news release.

On behalf of the Board of Directors;

"Peter Russell-Jones"

President

For further information please contact:

Garry Stock

Telephone: (604) 683-8236

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

Cascade Resources Ltd.

Suite 1680

200 Burrard Street

Vancouver, BC

Canada V6C 3L6

To view this press release as a web page, click onto the link below:

>http://www.usetdas.com

Beneficial Holdings Inc. Announces Updates to Its Casino Portals

04 Apr 2011 05:44:00 GMT

Beneficial Holdings Inc. Announces Updates to Its Casino Portals

MANAGUA, NICARAGUA--(Marketwire - April 4, 2011) - Beneficial Holdings Inc. (PINKSHEETS: BFHJ), which manages the bet.cr by Beneficial casino, the sportsbook.cr sportsbook, a hotel, and three gaming parlors in Nicaragua through its subsidiaries, today announced that its online casino, be t.cr, is being updated to include additional gaming and affiliate enhancements and security software.

The site may be down intermittently over the next forty-eight hours while the new databases and subdomains are integrated. Additionally, the work will include allowing the site to be closer aligned to the sportsbook.cr.

The modifications should enhance the players' experience and make the site faster as revenues increase for the Company.

All account logins will remain the same and existing affiliates and affiliate codes will be unaffected by any improvements.

Unfortunately, our gaming offerings are presently only for non-United States residents.

ABOUT BENEFICIAL HOLDINGS, INC.

Beneficial Holdings Inc. is a casino investment holdings company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a bar and casino also in Managua, and it operates gaming centers in Masaya. The Company operates the www.bet.cr by Beneficial online casino and the forthcoming www.sportsbook.cr site.

This communication does not constitute an offer of securities for sale. It 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. These statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update statements to reflect future occurrences.

Media Relations
Beneficial Marketing, Inc.
www.beneficialholdings.info
www.bet.cr
www.sportsbook.cr
www.hotelbeneficial.com/nica
+505-8367-3333 Telephone

Yellow Pages Group Unveils Integrated Multimedia Offering

22 Feb 2011 12:48:00 GMT

MONTREAL, QUEBEC -- (MARKET WIRE) -- 02/22/11 -- Today, local businesses are no longer limited to advertising in traditional Yellow Pages� print directories, a reality emphasized in a new advertising initiative from Yellow Pages Group (YPG). The B2B campaign, the largest in YPG's history, highlights the company's powerful multimedia network. A series of television, radio, print and online advertising spots are slated to run for up to eight weeks in Toronto, Montreal and Vancouver. In each, YPG underscores the company's multi-channel marketing approach for SMEs - dubbed the Yellow Pages 360 degrees Solution - designed to assist Canadian businesses with their overall marketing needs in the constantly changing digital space.

"Communications technology and marketing tools have progressed more rapidly in the last 10 years than in the last century. This quickening pace of change has seen many of Canada's small- and medium-sized businesses fighting to stay on top of all the marketing options available. YPG remains uniquely positioned to help SMEs harness the new communications and digital channels available to them," said Stephane Marceau, Chief Marketing Officer at Yellow Pages Group.

YPG has over 100 years of experience in helping companies attract customers. With its 1,200 trained media consultants across Canada, YPG helps approximately 240,000 businesses with their online advertising programs.

Website Creation, Integrated Online Solutions and Digital Expertise

The Yellow Pages 360 degrees Solution blends the existing services of YPG, combining online, mobile and print advertising as well as search engine marketing and optimization to create a marketing strategy tailored to each client. Rounding out the Yellow Pages 360 degrees Solution is the newest offering from YPG: website creation and management.

According to various studies conducted by organizations such as Statistics Canada, over half of Canadian small- and medium-sized businesses do not have a website and those that do often lack the time or resources to update it..

"With Yellow Pages 360 Solution, we're providing what no other company in Canada can; a single-point access to the YPG network which reaches 16 million buyers each month and the digital expertise that's made us Canada's #1 Internet Company," continued Marceau.

Marceau also underscored an additional advantage of the Yellow Pages 360 degrees Solution. Businesses no longer need to worry about managing various supplier relationships or gathering advice from various sources. YPG can implement integrated advertising solutions from start to finish or simply act as a trusted source of advice, leaving businesses to focus on what really matters, their day-to-day operations.

YPG website services come with 24/7 tech support. All websites receive the additional bonus of being automatically plugged into the company's flagship site, YellowPages.ca�, the nation's leading online source to locate a business.

For more information on the Yellow Pages 360 degrees Solution visit yellowpages.ca/360 or call 1 888 603 6863.

To view the Yellow Pages 360 degrees Solution advertising campaign television, radio or print ads:

- Not Here (Television)

- Window Cleaner (Television)

- Best Tool (radio)

- Sounds Made Up (radio)

- SEO (radio)

- Marketing Strategy (print)

About Yellow Pages Group

Yellow Pages Group (YPG) is Canada's leading performance media and marketing solutions company. The Company serves approximately 370,000 local businesses through its nation-wide sales force of over 1,200 media consultants. YPG also caters to the country's largest national agencies and advertisers through Mediative, its digital advertising and marketing solutions division. YPG is held by Yellow Media Inc. (TSX: YLO) which owns and operates some of Canada's leading properties and publications including Yellow Pages� directories, YellowPages.ca�, Canada411.ca�, AutoTrader.ca, LesPAC.com, and RedFlagDeals.com. The Yellow Media Inc. network of online properties reaches over 11M unique visitors monthly. For more information: www.ypg.com.

Omagine Climbs 19.4% As 8-K Reveals Final Oman Gov't Approval Received

23 Dec 2010 23:29:00 GMT

Last: $1.60 Change: $0.26

% Change: +19.40%

Volume: 23,286

In an 8-K filed yesterday, Omagine stated:

LLC's attorneys were informed yesterday by the Ministry of Tourism ("MOT") that the Development Agreement ("DA") has now been approved by the Ministry of Legal Affairs ("MOLA") with one minor comment (the nature of which we are presently unaware).

This approval by MOLA is the final Government approval required. MOT further informed LLC's attorneys that (i) the MOLA comment will be discussed and resolved with us as soon as possible after the Government returns to work after December 31st, and (ii) the Omagine Project and the final conclusion of the Development Agreement "is now a priority for MOT".

Assuming the Shareholders Agreement with RCA and ALM are finalized in early January and the DA is also finalized in that time period, management presently expects to sign the DA with the Government of Oman sometime in late January 2011.

FORM 8 - K - Final Oman Government Approval Received

22 Dec 2010 16:31:00 GMT

22-Dec-2010

Other Events

ITEM 8.01 Other Events

Omagine LLC, an Omani company ("LLC") is a wholly owned subsidiary of Omagine Inc. ("OMAG"). In November 2009, OMAG organized LLC in Oman and invested 20,000 Omani Rials (approximately $52 thousand U.S. Dollars) into LLC in exchange for one hundred percent (100%) of the capital stock of LLC. LLC has recorded 192,500 Omani Rials ($500,500) on its accounting records (the "Capitalized Pre- Organization Expense") which represents a portion of the expenses incurred to date by OMAG on behalf of LLC.

Consolidated Contractors International Company, SAL ("CCIC"), a Lebanese company headquartered in Athens, Greece is a 50 year old multi-national construction company with $5 billion in annual revenue; over 150,000 employees worldwide; and operations in, among other places, all the countries in the Middle East.

Consolidated Contracting Company S.A., a Panamanian company ("CCC") is a wholly owned subsidiary of CCIC and is the investment arm of
CCIC. Consolidated Contractors (Oman) Company LLC, an Omani company ("CCC - Oman") is CCIC's operating subsidiary in the Sultanate of Oman.

On December 18, 2010, each of CCC and OMAG signed a subscription agreement ("Subscription Agreement") with LLC. Simultaneously with the execution of their Subscription Agreement, each of CCC and OMAG also signed a shareholders' agreement with respect to the ownership, management and operation of LLC (the "Shareholder Agreement").

Pursuant to the terms of the Shareholder Agreement and the CCC Subscription Agreement, CCC agreed to invest 19,010,000 Omani Rials (approximately $50 million U.S. Dollars) into LLC in exchange for fifteen percent (15%) of the capital stock of LLC. The Shareholder Agreement and the CCC Subscription Agreement also contemplate that CCC - Oman will be the General Contractor for the Omagine Project which is planned to be developed in the Sultanate of Oman by LLC.

Pursuant to the terms of the Shareholder Agreement and the OMAG Subscription Agreement, OMAG agreed to invest an additional 255,000 Omani Rials (approximately $663 thousand U.S. Dollars) into LLC (the "Additional Investment") in exchange for additional shares of the capital stock of LLC. The net result of the Additional Investment is that OMAG will own fifty five percent (55%) of LLC. The Shareholder Agreement and the OMAG Subscription Agreement further specify that 192,500 Omani Rials ($500,500) of such Additional Investment shall be paid by OMAG to LLC only after the payment by LLC to OMAG of the 192,500 Omani Rials ($500,500) debt associated with the Capitalized Pre-Organization Expense.
The Shareholder Agreement further specifies that LLC will have two other shareholders (the "Omani Shareholders") in addition to OMAG and CCC. The Omani Shareholders are (1) the Office of Royal Court Affairs ("RCA") which is the personal representative of His Majesty Sultan Qaboos bin Said, the ruler of Oman, and (2) Al-Mabkhara LLC, an Omani limited liability company ("ALM").

The Shareholder Agreement presently contemplates that the ownership of LLC will be as follows:

OMAG      55%
RCA       25%
CCC       15%
ALM        5%

and that subsequent to the investments into LLC being made by the above shareholders, the capital of LLC will be 30,034,375 Omani Rials (approximately $78 million U.S. Dollars).

Although the Shareholder Agreement and the OMAG and CCC Subscription Agreements presently represent legally binding commitments for approximately 64% of LLC's capital target, the remaining 36% will not be assured until the Shareholder Agreement is signed by both RCA and ALM and a Subscription Agreement is signed by each of RCA and ALM.

Discussions between OMAG management and each of RCA and ALM are well advanced and ongoing and OMAG is confident that:

(a) these discussions will be successfully concluded shortly after January 1, 2011, and

(b) as a result of the conclusion of such discussions the above proposed percentage ownership of ALM (but not its investment amount) and OMAG may change slightly.

The 15% ownership of LLC by CCC and the approximately $50 million investment into LLC by CCC will not change or be affected in any way by the foregoing discussions.

The Government of Oman and all private businesses in Oman are closed from December 23rd until December 31st in celebration of the National Day and the 40th anniversary of the reign of His Majesty Sultan Qaboos. OMAG therefore expects to conclude its final negotiations with each of RCA and ALM shortly after January 1, 2011.

Separately, LLC's attorneys were informed yesterday by the Ministry of Tourism ("MOT") that the Development Agreement has now been

approved by the Ministry of Legal Affairs ("MOLA") with one minor comment (the nature of which we are presently unaware). This approval by MOLA is the final Government approval required. MOT further informed LLC's attorneys that (i) the MOLA comment will be discussed and resolved with us as soon as possible after the Government returns to work after December 31st, and (ii) the Omagine Project and the final conclusion of the Development Agreement "is now a priority for MOT".

A more complete description of the Company's activities and its proposed Omagine Project is included in the Company's report on Form 10-K for the fiscal year ended December 31, 2009 and its report on Form 10-Q for the quarterly period ended September 30, 2010 filed with the Securities & Exchange Commission ("SEC") and in the Company's registration Statement on Form S-1 filed with the SEC on May 25, 2010.

Oman to invest $20 billion in rugged beauty to lure upscale tourists

26 Aug 2010 19:15:00 GMT

Find this article and view the video at: http://www.cnn.com/2010/WORLD/meast/08/25/oman.tourism.ambition/index.html?section=cnn_latest

By Rima Maktabi, CNN

STORY HIGHLIGHTS

Southern Oman is famous for the beauty of its summer monsoon season
The region's rugged, untouched natural sites are a tourism draw
The Persian Gulf nation has historically been overlooked as a vacation destination
Oman is developing the tourism industry to diversify its oil-dependent economy

Salalah, Oman (CNN) -- As temperatures soar across the Persian Gulf, one oasis is blossoming with greenery.

The summer monsoon season, or "khareef," draws visitors from around the world to Oman's southern reaches. For forty-five days, the coastal city of Salalah celebrates cool temperatures and welcome drizzle with a festival of stars, singers and artists from across the Arab world.

But locals are most proud of what waits outside the carnival tents and market stalls.

Oman's natural beauty remains relatively untouched compared to the Gulf's developed urban centers. Don't visit expecting Dubai's skyscrapers and shopping malls. Oman touts the quiet grandeur of its mountains, deserts and beaches, according to Sultan Bin Hamdoon Al Harthi, head of the Muscat Municipality.

He told CNN: "We have been blessed with this terrain. And this is one of the elements that identify us from others. We have these mountains. It's a very rugged landscape, which has its own mystique and its own haunting beauty."

Publicizing this trove of natural resources and making it accessible to tourists, has become a top priority for officials -- and they are spending big money on it.

Estimates are that investments to expand facilities for tourism across Oman will amount to $20 billion over the next few years, according Business Monitor International.

Oman wants to attract 12 million visitors annually by 2020, according to the head of the state airline. He said country's long term plan is to diversity from its current dependence on oil and gas production.

Currently, visitors can already choose among 11 five-star hotels and resorts throughout the country. The two hundred acres of private beach and gardens of the Al Bustan Palace Hotel in Muscat bring nature straight to the tourist. Adventure-seekers can also take in camel racing, whale and turtle watching, and climbing and caving further afield.

Sultan Quaboos Bin Said, Oman's ruler, has steadily opened his country to foreign visitors since assuming power in 1970. He sees travel and tourism as an essential part of his nation's economic development, according to Oman's Ministry of Information.

But the expansion is calculated to balance luxury resorts with the country's uniquely rugged, undeveloped landscape. Unlike the high rises of Dubai and Abu Dhabi, Oman's walled cities and ancient forts emphasize historic architecture, including several UNESCO World Heritage sites.

Other draws include fragrant frankincense trees dotted along medieval trade routes, mosques rich with Islamic art and 2,000-year-old archeological sites, according to UNESCO.

Al-Harthi said: "It is extremely significant for cities to have an identity, to have character, to avoid any urban alienation to its residents. We try to keep it humane as possible, in the face, of course, of the throes of modernism."

Oman still has work to do to distinguish itself as an international destination.

Historically, the sultanate has been largely overlooked by visitors, and tourism made up only four percent of the economy in 2008, according to Business Monitor International.

But as Oman tries to diversify from its oil industry in search of a prosperous future, it is banking on its other natural resources -- the green mountains and flowering desert that stretch up from sea.

1st quarter numbers out and they look good to me anyways

13 May 2010 12:57:00 GMT

Press release from CNW Group

Points International Reports First Quarter 2010 Financial Results

Thursday, May 13, 2010

    <<
    -   Record Revenue of $23.5 Million

    -   Significant Year-over-Year Improvements in Net Income and EBITDA(1)

    -   Strong Transaction Activity from Existing Partners

    -   Robust New Business Opportunities Globally; Added Virgin America
    >>

TORONTO, May 13 /CNW/ - Points International Ltd. (TSX: PTS; OTCBB: PTSEF), the owner and operator of Points.com, the world's leading reward program management web site, today announced results for the first quarter ended March 31, 2010. All financial results are in US Dollars.

"Points delivered record revenue during the first quarter as our ongoing marketing and promotional efforts, in conjunction with our loyalty partners, led to an increase in transaction activity of 33 percent over the same period last year, with particular strength across our largest North American partners," said CEO Rob MacLean. "We are particularly pleased to have posted significant year-over-year gains in EBITDA and net income, as we benefitted from the rapid growth of many existing products as well as the launch of new partnerships and products throughout the past year, all while aggressively managing our operating expenditures. Our strong first quarter results are a reflection of the health of our business model, strong execution by the Points team and ongoing momentum in establishing new programs and partnerships, as evidenced by the recent addition of our newest partner, Virgin America."

"We are already seeing substantial benefits from the initial rollout of our ePoch technology platform in terms of enhanced functionality and efficiency. The first phase of ePoch is now live in the market, and both recent launches and the current backlog of new installations will be deployed directly onto this new platform. In addition, we are actively engaged in upgrading our existing partners onto this enhanced technology, and expect to complete that effort through the remainder of 2010," continued MacLean.

First Quarter 2010 Financial Results

Total revenue was $23.5 million for the first quarter of 2010. Revenue was up 11% over $21.1 million reported in the first quarter of 2009, and up 42% over $16.6 million reported in the fourth quarter of 2009. Principal revenue totaled $21.8 million, an increase of 12% over $19.4 million in the same period last year, and an increase of 69% over $12.9 million in the fourth quarter of 2009. Other partner revenue was $1.7 million, down from $1.8 million reported in the same period of last year and down from $3.7 million in the fourth quarter of 2009.

Points reported net income for the first quarter of 2010 of $460,000. This compares to a net loss in the first quarter of 2009 of $1.1 million, and to net income in the fourth quarter of 2009 of $1.9 million.

During the first quarter of 2010, Points reported positive EBITDA of $246,000 compared to an EBITDA loss of $580,000 in the same period of 2009 and positive EBITDA of $1.7 million in the fourth quarter of 2009.

New Board Member

"We are delighted to welcome Michael Beckerman to our Board of Directors. Michael's extensive experience in consumer marketing and e-commerce with companies including NIKE, MVP.com and BMO will enhance the breadth of our Board. We are confident that he will be integral to driving long-term profitability and delivering value to our shareholders," said Bernay Box, the Company's Chairman.

    <<
    First Quarter 2010 Business Metrics

                                                     Q1/10              Q1/10
                                                      vs.                vs.
                                Q1/10       Q4/09    Q4/09     Q1/09    Q1/09
    -------------------------------------------------------------------------
    TOTAL ALL CHANNELS(1)
      Points/Miles
       Transacted (in 000s)   2,770,973   3,146,513   -12%   2,090,808    33%
      No. of Points/Miles
       Transactions             285,191     277,261     3%     226,920    26%

    LOYALTY CURRENCY
     SERVICES(1)
      Points/Miles
       Transacted (in 000s)   2,485,539   2,733,109    -9%   1,820,057    37%
      No. of Points/Miles
       Transactions             266,992     252,418     6%     204,631    30%

    POINTS.COM CHANNELS
      Points/Miles Transacted
       (in 000s)                285,434     413,405   -31%     270,751     5%
      No. of Points/Miles
       Transactions              18,199      24,843   -27%      22,289   -18%
      Cumulative Registered
       Users                  2,467,663   2,404,108     3%   2,189,814    13%


    NOTE: (1) For comparative purposes, Buy, Gift & Transfer activity for
              Delta has been excluded from the metrics presented.
    >>

Business Outlook

MacLean continued, "Our record first quarter results and the fact that we have already raised our revenue guidance twice in 2010 speaks to the strength of our business. The most recent 2010 revenue guidance was increased to a range of $85 million to $95 million, up from $75 million to $85 million, based on increasing transactional activity as well as recent and upcoming product and partnership launches. These include the launch of our first Transfer functionality for a major European partner with British Airways; new functionality enabling the sale of Delta SkyMiles on our Points.com consumer site; two new integrations under our Chase Ultimate Rewards partnership; new magazine subscriptions with Alaska Airlines and AirTran Airways; and most recently, the addition of Virgin America's Elevate frequent flyer program to the Points Partner Network."

"While some near-term inputs are impacting our margin and EBITDA results, we believe there may be further EBITDA upside in 2010 should European currencies rebound from recent lows versus the US Dollar, and we see potential positive mix shifts in our business. We are mining our current installed base, driving strong transactional activity, and are having great success establishing new partnerships. Our consumer efforts are on track and will be contributing to growth this year. We are focused on aggressively expanding our revenue footprint while improving the bottom-line results of our business, and this is setting the stage for exciting growth for our company for the balance of 2010 and beyond," concluded MacLean.

Investor Conference Call

Points' quarterly conference call with investors will be held today at 8:00 AM Eastern Time. To participate in the conference call, investors from the US and Canada should dial 877-941-2069 ten minutes prior to the scheduled start time. International callers should dial 480-629-9713. Points International will also offer a live and archived webcast, accessible from the "Investor Relations" section of the company's Web site at www.pointsinternational.com.

About Points International Ltd

Points International Ltd. is the owner and operator of Points.com, the world's leading reward program management web site which was recently named one of the 28 Best Travel Sites by Kiplinger's. At Points.com consumers can Swap, Earn, Buy, Gift, Share and Redeem miles and points from more than 25 of the world's leading reward programs. Participating programs include American Airlines AAdvantage(R) program, Aeroplan(R), AsiaMiles(TM), British Airways Executive Club, Wyndham Rewards(R), Delta SkyMiles(R) and InterContinental Hotels Group's Priority Club(R) Rewards. Redemption partners include Amazon.com(R) and Starbucks. For more information, visit http://www.points.com.

Caution Regarding Forward-Looking Statements

This press release contains or incorporates forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, as amended, and forward-looking information within the meaning of Canadian securities legislation (collectively "forward-looking statements"). These forward-looking statements include our guidance for 2010 with respect to revenue, net income and EBITDA. These statements are not historical facts but instead represent only Points' expectations, estimates and projections regarding future events.

Although Points believes the expectations reflected in such forward-looking statements are reasonable, such statements are not guarantees of future performance and are subject to important risks and uncertainties that are difficult to predict. Certain material assumptions or estimates are applied in making forward-looking statements, and may not prove to be correct. In particular, the financial outlooks herein assume we will be able to generate new business from our pipeline at expected margins, our in-market and newly launched products and services will perform in a manner consistent with the Company's past experience, and we will be able to contain costs and realize operational efficiencies from our upgraded technology platform. Other important risk factors that could cause actual results to differ materially include the risk factors discussed in Points' annual information form, Form-20-F, annual and interim management's discussion and analysis, and annual and interim financial statements and the notes thereto. These documents are available at www.sedar.com and www.sec.gov.

The forward-looking statements contained in this press release are made as at the date of this release and, accordingly, are subject to change after such date. Except as required by law, Points does not undertake any obligation to update or revise any forward-looking statements made or incorporated in this press release, whether as a result of new information, future events or otherwise.

    <<
    ----------------------------------
    (1) EBITDA (Earnings (loss) before interest, taxes, amortization, foreign
        exchange, impairment and restructuring) is considered by management
        to be a useful measure of performance. EBITDA is not a recognized
        measure under generally accepted accounting principles.



    CONSOLIDATED BALANCE SHEETS
    (Expressed in thousands of United States dollars)
    (Unaudited)

                                                           March    December
                                                              31,         31,
    AS AT                                                   2010        2009
    -------------------------------------------------------------------------
    ASSETS
    Current Assets
      Cash and cash equivalents                         $ 27,857    $ 26,414
      Restricted cash                                      2,223         802
      Funds receivable from payment processors             5,340       5,855
      Security deposits                                    2,616       2,463
      Accounts receivable                                  1,481       1,907
      Future income tax assets                             1,193         945
      Current portion of deferred costs                      151         139
      Prepaid and sundry assets                            1,220         759
    -------------------------------------------------------------------------
                                                          42,081      39,284
    -------------------------------------------------------------------------
    Property and equipment                                   587         607
    Intangible assets                                      2,461       2,014
    Goodwill                                               4,205       4,205
    Deferred costs                                            81          82
    Other assets                                             924         951
    -------------------------------------------------------------------------
                                                           8,258       7,859
    -------------------------------------------------------------------------
                                                        $ 50,339    $ 47,143
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    LIABILITIES
    Current Liabilities
      Accounts payable and accrued liabilities          $  2,059    $  3,087
      Current portion of deferred revenue                    813         609
      Payable to loyalty program partners                 33,344      30,215
    -------------------------------------------------------------------------
                                                          36,216      33,911
    Deferred revenue                                         377         301
    -------------------------------------------------------------------------
                                                          36,593      34,212
    -------------------------------------------------------------------------

    SHAREHOLDERS' EQUITY
    Accumulated other comprehensive loss                  (2,356)     (2,566)
    Accumulated deficit                                  (49,003)    (49,463)
    -------------------------------------------------------------------------
                                                         (51,359)    (52,029)
    Capital stock                                         56,662      56,662
    Contributed surplus                                    8,443       8,298
    -------------------------------------------------------------------------
                                                          13,746      12,931
    -------------------------------------------------------------------------
                                                        $ 50,339    $ 47,143
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------



    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
    (Expressed in thousands of United States dollars,
     except per share amounts)
    (Unaudited)

    FOR THE THREE MONTHS ENDED MARCH 31,                    2010        2009
    -------------------------------------------------------------------------

    REVENUE
      Principal                                         $ 21,837    $ 19,360
      Other partner revenue                                1,664       1,751
      Interest                                                 1          35
    -------------------------------------------------------------------------
                                                          23,502      21,146
    -------------------------------------------------------------------------

    GENERAL AND ADMINISTRATION EXPENSES
      Direct cost of principal revenue                    18,704      16,941
      Processing fees and related charges                    583         586
      Employment costs                                     2,664       2,771
      Marketing & communications                             262         466
      Technology services                                    211         207
      Amortization                                           135         173
      Foreign exchange (gain) loss                           (22)        192
      Operating expenses                                     832         755
    -------------------------------------------------------------------------
                                                          23,369      22,091
    -------------------------------------------------------------------------
    OPERATING INCOME (LOSS) - before undernoted              133        (945)
      Interest and other charges                              15          13
    -------------------------------------------------------------------------
    INCOME (LOSS) BEFORE INCOME TAXES                        118        (958)
      Future income taxes (recovery) expense                (342)        141
    -------------------------------------------------------------------------
    NET INCOME (LOSS)                                   $    460    $ (1,099)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    OTHER COMPREHENSIVE INCOME:
      Gain on foreign exchange derivatives designated
       as cash flow hedges, net of income taxes
       expense of $102                                       228           -
      Reclassification to net income of gain on
       foreign exchange derivatives designated as
       cash flow hedges, net of income taxes
       expense of $8                                         (18)          -
    -------------------------------------------------------------------------
    OTHER COMPREHENSIVE INCOME                               210           -
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    COMPREHENSIVE INCOME (LOSS)                         $    670    $ (1,099)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Basic and diluted earnings (loss) per share         $   0.00    $  (0.01)
    -------------------------------------------------------------------------



    CONSOLIDATED STATEMENTS OF ACCUMULATED DEFICIT AND ACCUMULATED OTHER
    COMPREHENSIVE LOSS
    (Expressed in thousands of United States dollars)
    (Unaudited)

    FOR THE THREE MONTHS ENDED MARCH 31,                    2010        2009
    -------------------------------------------------------------------------
    ACCUMULATED DEFICIT - Beginning of period           $(49,463)   $(49,527)
      NET INCOME (LOSS)                                      460      (1,099)
    -------------------------------------------------------------------------
    ACCUMULATED DEFICIT - End of period                 $(49,003)   $(50,626)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    ACCUMULATED OTHER COMPREHENSIVE LOSS -
     Beginning of period                                $ (2,566)   $ (2,566)
      Other comprehensive income                             210           -
    -------------------------------------------------------------------------
    ACCUMULATED OTHER COMPREHENSIVE LOSS -
     End of period                                      $ (2,356)   $ (2,566)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------



    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Expressed in thousands of United States dollars)
    (Unaudited)

    FOR THE THREE MONTHS ENDED MARCH 31,                    2010        2009
    -------------------------------------------------------------------------

    Net income (loss)                                   $    460    $ (1,099)
    Items not affecting cash
      Amortization of property and equipment                  65          82
      Amortization of deferred costs                           -           2
      Amortization of intangible assets                       70          89
      Future income taxes (recovery) expense                (342)        141
      Unrealized foreign exchange loss                       253         317
      Employee stock option expense                          145         157
    Changes in non-cash balances related to
     operations                                            3,028       3,082
    -------------------------------------------------------------------------
    CASH FLOWS PROVIDED BY OPERATING ACTIVITIES            3,679       2,771
    -------------------------------------------------------------------------

      Additions to property and equipment                    (45)       (122)
      Additions to intangible assets                        (517)        (10)
      Changes in restricted cash, purchase of
       investments                                        (1,421)          -
    -------------------------------------------------------------------------
    CASH FLOWS USED IN INVESTING ACTIVITIES               (1,983)       (132)
    -------------------------------------------------------------------------
    EFFECT OF EXCHANGE RATE CHANGES ON CASH HELD
     IN FOREIGN CURRENCY                                    (253)       (302)
    -------------------------------------------------------------------------
    INCREASE IN CASH AND CASH EQUIVALENTS                  1,443       2,337
    CASH AND CASH EQUIVALENTS - Beginning of period       26,414      22,854
    -------------------------------------------------------------------------
    CASH AND CASH EQUIVALENTS - End of period           $ 27,857    $ 25,191
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

TEAM Nation Holdings Corp. Retains AGORACOM

01 Mar 2010 14:00:00 GMT

NEWPORT BEACH, Calif., March 1, 2010 (GLOBE NEWSWIRE) -- TEAM Nation Holdings Corporation ("TEAM") (OTCBB:TEMN) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.

ONLINE INVESTOR RELATIONS MAXIMIZES SPEED, TRANSPARENCY AND ACCESS TO COMPANY

In response to overwhelming data representing the online research and communications habits of small-cap investors, TEAM has turned the primary focus of its investor relations to the web via the AGORACOM system to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.

Effective immediately, a customized and monitored TEAM Nation IR HUB will be available on AGORACOM at (http://agoracom.com/ir/TEAM). The IR HUB will allow TEAM to communicate with all investors simultaneously, anytime and in near real-time. This HUB will provide TEAM management with the ability to extend communications beyond text via audio messages, video presentations, webcasts and podcasts. In addition to traditional e-mail, investors will also have the ability to receive all communications via RSS feed.

THE "AGORACOM 100"

On January 19th, AGORACOM launched a Canadian TV, web and search engine marketing campaign to drive small-cap investors to the "AGORACOM 100", an elite and exclusive group of great Canadian small-cap companies in which TEAM will be included. This marketing campaign will target main stream media including daily spots on BNN, CNBC TV, Bloomberg TV, Globe & Mail's GlobeInvestor.com, Google, Yahoo!, MSN, AOL, Facebook, AGORACOM and an array of other Tier 1 properties.

LAUNCH OF TEAM COMMUNITY

The TEAM Nation IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of spam, profanity and misinformation. Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between our shareholders.

TIER-1 EXPOSURE AND AWARENESS

As an exclusive provider of "Small-Cap Centres - Powered by AGORACOM" to Globe Investor, Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet, AGORACOM will provide Tier-1 financial coverage of all newsworthy TEAM press releases for the purposes of attracting new and prospective shareholders.

For all future TEAM investor relations needs, investors are asked to visit our IR Hub at http://agoracom.com/ir/TEAM where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors.

About AGORACOM

AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. We have partnered with the world's biggest internet companies, including Yahoo, Globe Investor, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. We have served over 300 companies since 1997.

AGORACOM Investor Relations has displaced the telephone and e-mail as primary IR communications devices. Our IR HUB delivers two-way investor relations in near real-time that is 24/7/365 accessible to shareholders around the world and goes far beyond text by offering both audio and video communications.

AGORACOM (http://www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No rumours, profanity, stock bashing or hyping. Our traffic ranking is above the top 0.5% of all websites around the world.

About TEAM Nation Holdings Corporation

TEAM Nation Holdings Corporation, a Nevada corporation ("TEAM-NV"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies), and the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures. Team Nation Holdings, a Nevada Corporation ("TEAM-NV"), is a holding Corporation for Team Title, a national title agency, and engages in direct settlement and ancillary operations through its Lender Solutions and Resource Solutions Divisions.

This news release contains forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks described in the company's filings with the SEC.

CONTACT: AGORACOM Investor Relations
         temn@agoracom.com
         http://agoracom.com/ir/TEAM

O'Leary Canadian Equity Income Fund, closes its $112.8 million IPO - TSX

19 Dec 2009 20:33:00 GMT

O'Leary Canadian Equity Income Fund successfully closes its $112.8 million IPO - OCZ.a is now trading on the Toronto Stock Exchange.

Oleary Canadian Equity Income Fund (OCZ.A:CA)

18 December 2009, 10:24 AM EST TORONTO, Dec. 18 /CNW/ -

O'Leary Funds Management LP is pleased to announce that the O'Leary Canadian Equity Income Fund (the "Fund") has completed today its initial public offering (the "Offering") of 9,400,000 Units at a price of $12.00 per Unit for aggregate gross proceeds of $112.8 million.

The Fund has granted the agents an over-allotment option exercisable in whole or in part for a period of 30 days following the closing of the Offering to acquire up to an additional 466,270 Units. The Fund is an investment trust governed by the laws of the Province of Ontario. Each Unit consists of one transferable trust unit ("Trust Unit") and one Trust Unit purchase warrant ("Warrant").

The Units will separate into Trust Units and Warrants upon the earlier of the closing of the Over-Allotment Option and the 30th day following the closing of the Offering. Each Warrant entitles the holder to purchase one Trust Unit at a subscription price of $12.00 on or before 5:00 p.m. (Toronto time) on November 30, 2010 (the "Warrant Expiry Time"). Warrants not exercised by the Warrant Expiry Time will be void and of no value. Once separated, the Trust Units and the Warrants will trade on the Toronto Stock Exchange independently under the symbols: OCZ.un and OCZ.wt.

The Fund has been created to invest in an actively-managed portfolio comprised primarily of publicly-traded securities of issuers domiciled in Canada providing investors with both income and potential for capital appreciation. The Fund will initially invest primarily in income trust units and, to a lesser extent, dividend-paying equity securities, corporate bonds, convertible debt securities and preferred shares of such issuers. Stanton Asset Management Inc. (the "Portfolio Advisor") believes that market conditions are attractive for investing in income-generating securities of issuers domiciled in Canada. The prices of many of these securities have declined due to global market and economic conditions and remain at price levels such that they offer historically high equity income yields.

This decline has been amplified among income trusts by previous investor uncertainty concerning the impact of changes to the taxation of these entities in 2011. The Portfolio Advisor believes that an actively-managed portfolio of these securities can offer an attractive diversified source of income as well as attractive capital appreciation potential. The Portfolio Advisor expects to initially focus primarily on income trusts with potential to increase the portion of the Portfolio invested in dividend-paying equity securities, convertible debt securities, preferred shares and corporate bonds should market conditions for these securities become attractive. The Fund's investment objectives are to:

(i) maximize total return for holders of Trust Units ("Unitholders"), consisting of distributions, interest and dividend income and capital appreciation; and

(ii) provide Unitholders with monthly distributions initially targeted to be $0.08 per Trust Unit ($0.96 per annum representing an annual cash distribution of 8% based on the $12.00 per Unit issue price).

The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, Scotia Capital Inc., National Bank Financial Inc., Blackmont Capital Inc., Canaccord Financial Ltd., GMP Securities L.P., HSBC Securities (Canada) Inc., Wellington West Capital Markets Inc., Dundee Securities Corporation, MGI Securities Inc., Raymond James Ltd., Desjardins Securities Inc., Manulife Securities Incorporated and Research Capital Corporation. Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund.

The forward-looking statements are not historical facts but reflect O'Leary Funds Management LP's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although O'Leary Funds Management LP believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. O'Leary Funds Management LP undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

All capitalized terms noted herein but not defined are as per the prospectus dated November 25, 2009.

For further information: For media inquiries or additional information: please contact O'Leary Funds at info@olearyfunds.com or at 1-877-849-2004 x226

China ACM Awarded New Contracts Totaling $4.1 Million

16 Jul 2009 16:35:00 GMT

China Advanced Construction Materials Group Awarded New Contracts Totaling $4.1 Million for Hangzhou-Ningbo Railway

NEW YORK and BEIJING, July 16 -- China Advanced Construction Materials Group, Inc. ("China ACM") (OTC Bulletin Board: CADC), a leading provider of ready-mix concrete and related services in China, today announced that it has been awarded two new contracts to provide concrete manufacturing services for the Hangzhou-Ningbo railway construction project. Under the agreement, China ACM will supply 500,000 cubic meters of concrete and expects to complete the project by mid-2011.

Upon completion, the Hangzhou-Ningbo railway will cover approximately 150 kilometers, or approximately 93 miles. Train speed on this line will approach 188 miles per hour and will reduce travel time between Hangzhou City and Ningbo City to less than one hour.

Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, "We continue to gain traction in providing our manufacturing services for China's growing network of railway systems. We are in a unique position to win these railway projects as one of only a select group of companies authorized to supply ready-mix concrete for government infrastructure projects. Our competitive advantages also include our advanced technologies, lengthy warranty period and superior pricing. The high profile projects we have been involved with in and around the Beijing area serve as testimonials to the quality of our work and the reputation we have established."

Mr. Han continued, "High speed railways are an important element in the continued modernization of China. In total, we have been awarded 9 of these railway projects since the fiscal first quarter of 2009, which alone will generate more than $25 million of revenue in the next two years. We expect to announce similar contract awards in the coming weeks and months."

About China ACM

China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials.

China ACM provides materials and services through its seven ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases two plants and has technical services and preferred procurement agreements with four other independently-owned plants. China ACM is ISO 9001 (product quality), ISO 14001 (environmental safety), and ISO 18001 (employment environment safety) certified. Additional information about the company is available at www.china-acm.com.

This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10K and in the Company's recent report on Form 8K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

Contact:
Crescendo Communications, LLC
David Waldman or Klea Theoharis
Tel: (212) 671-1020
Email: ir@china-acm.com
Web: http://www.china-acm.com

INDUSTRY REPORT – Chinese Economic Growth Rebounds

16 Jul 2009 15:50:00 GMT

In a published report in the July 16th edition of Marketwatch, China’s GDP is growing slightly faster than anticipated. Gross Domestic Product for the second quarter of ’09 grew 7.9% compared to the same quarter last year. This is as a result of a government-led stimulus package and strong bank lending which gave a jump start to domestic consumption and industrial activity.

The article went on to say: “The acceleration was higher than the 7.8% expansion anticipated by economists polled in a survey by FactSet Research and higher than the 7.7% tipped in a Dow Jones Newswires survey. It came after a string of declines, which slowed the nation's GDP growth rate to 6.1% in the first quarter.”

The higher than anticipated GDP numbers are good news for China Advanced Construction Materials (CADC: OTCBB). The company is a leading producer of construction materials for large scale commercial, residential, and infrastructure developments. It has already announced a number of railway contracts from the People’s Republic of China. In the first six months of this year, China ACM has been awarded three separate contracts valued at $7.5 Million. In May, the company reported Q3 fiscal revenues of $9.8 Million, an increase of 116% in Gross Profit, and reported net income of $2.3 Million (an increase of over $1 Million for the same time last year).

While there has been a world wide recession, the article states that China’s GDP numbers remain strong and should get stronger for the balance of the year. It states: “Economic growth in the first six months of the year was lifted to 7.1%, according to the data released by the National Bureau of Statistics, sustaining the economic rebound and keeping China on track to achieve its targeted growth rate of 8% this year.”

China ACM’s performance is expected to remain strong for the foreseeable future as that country continues to post solid GDP growth figures.

To access the article in its entirety, simply go to: http://www.marketwatch.com/story/chinas-economy-rebounds-though-prices-weaken

AGORACOM Investor Relations is pleased to bring you this Industry Report pertaining to China ACM (CADC: OTCBB). Feel free to comment on this report or any other facet of the company’s business on the discussion forum within the China ACM IR hub with AGORACOM ( http://agoracom.com/ir/chinaacm/forums/discussion ).

AGORACOM Investor Relations

China ACM Announces Reduction in Corporate Tax Rate to 15% from 25%

14 Jul 2009 12:51:00 GMT

China ACM Announces Reduction in Corporate Tax Rate to 15% from 25% and Receives Two-Year Extension on 6% Value Added Tax Credit

NEW YORK and BEIJING, July 14 -- China Advanced Construction Materials Group, Inc. ("China ACM") (OTC Bulletin Board: CADC), a leading provider of ready-mix concrete and related services in China, today announced that it has been issued the Enterprise High-Tech Certificate within the People's Republic of China (PRC). The issuing parties include the Beijing City Committee of Science and Technology, the Beijing City Department of Finance, the Beijing City Department of Taxation, and the Beijing City Department of Land. The certificate was awarded based on the company's involvement in producing high-tech products, its research and development, as well as its technical services. As a result of this certification, the company's effective income tax rate has been reduced to 15% from 25%. The new tax rate will be retroactive to January 1, 2009 and will be effective for three years, through December 31, 2011. The company expects the tax reduction will result in savings of more than $1 million per year, beginning in calendar 2009.

The company also announced that it has been approved for a 6% value added tax (VAT) credit by the State Administration of Taxation, extending its prior credit for an additional two years. Enterprises or individuals who sell commodities, engage in repair and maintenance or import and export goods in the PRC are subject to a value added tax. The standard VAT rate is 6% of gross sales within the concrete industry. Due to the fact that China ACM uses recycled raw materials to manufacture its products, the State Administration of Taxation had previously granted the company a VAT exemption from August 2005 through August 2009. The two year extension provides China ACM an exemption from the VAT through August 2011. The company records the VAT credit as "Other Subsidy Income" on its income statement, which accounted for approximately $1.2 million in fiscal 2008 and $1.3 million through the third quarter of fiscal 2009.

Mr. Xianfu Han, Chairman and Chief Executive Officer, stated, "We are extremely pleased with the tax advantaged status that China ACM has received from the PRC government as a result of developing our environmentally friendly concrete production methods and products. In particular, we have two patents that played an important role in this certification: (1) a high-performance pumping concrete containing mineral admixtures, and (2) C100 high-performance concrete and its formulations. This certification will have a significant and immediate effect on our net income."

"China ACM was awarded the VAT credit based on our effective utilization of natural resources. Specifically, our concrete mixtures utilize high quantities of fly ash and waste rock. As a result, we have transformed common industrial byproduct to useful manufacturing materials. Our usage of recycled materials has improved the technical quality performance of products, decreased the usage of cement and other resources, and, in turn, we achieved the country's highest environmental standards for both economic and social benefit. We currently use at least 30% recycled components in our mixtures and we continue to innovate and find ways to increase this percentage."

Mr. Han concluded, "In addition to our use of recycled waste materials, we are also at the forefront of the industry due to our efficient production of concrete materials with minimal energy usage, our ability to reduce dust and air pollution, as well as our innovative and high quality products. We commend the government's commitment to improving the environment, while increasing and ensuring the highest standards across the industry."

About China ACM

Contact: On-line Investor Contact:
Crescendo Communications, LLC AGORACOM Investor Relations
David Waldman or Klea Theoharis http://www.agoracom.com/IR/chinaacm
Tel: (212) 671-1020
Email: ir@china-acm.com
Web: http://www.china-acm.com

SOURCE China Advanced Construction Materials Group, Inc.