Message: AGORACOM Small Cap TV - August 24th - Highlights
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s Aug 24TH, 2011, and we’ve found 5 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Midlands Drills 128 Metres Grading 0.63 gpt Gold at Kaniago, Announces Corporate Developments and Update on Financing
Midlands Minerals Corp. ("Midlands" or the "Company") (TSX VENTURE:MEX)(PINK SHEETS:MDLXF)(OTCQX:MDLXF) is pleased to announce that reverse-circulation drilling at its Kaniago gold project in Ghana has produced significant results: 128 metres grading 0.63 gpt gold in KNRC-018, including an intersection of 21 metres grading 1.5 gpt from a shallow depth of only 22 metres, 3.25 gpt across 6 metres in hole KNRC-019 at a depth of 107 metres and 12 metres grading 1.04 grams gold per tonne in both KNRC-012 and KNRC-015.
These results confirm that Kaniago is a large scale gold system with the potential to host a major shallow bulk minable gold deposit.
Drilling in Kaniago West generated numerous intercepts with gold mineralization ranging from higher grade narrow intercepts to lower grade wider intercepts of mineralization. Hole KNRC-005 intersected 10 metres of 1.42 gpt gold and Hole KNRC-002 intersected 2 metres of 4.1 gpt gold.
ABOUT MIDLANDS MINERALS
Midlands is a growth oriented and value based gold exploration company operating in Ghana and Tanzania, two stable countries with a history of gold mining. Midlands' top priority project is the fully permitted Sian gold project in Ghana. The Sian property contains Esaase and Ampeha, two previously producing open pit mines with a resource with significant growth potential. Midlands' contiguous Kwahu Praso project, which was once part of Sian, contains extensions of the Esaase and Ampeha trends.
Last Trade: 0.08552 Week: 0.285 – 0.075Market Cap: 8.75 Million
Balmoral Intersects 8.14 g/t Gold Over 21.47 Metres in Shallow Angle Intercept at Martiniere West, Quebec
Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR) reported results from the first six holes of its summer 2011 drill program on the Martiniere Gold Property located along the Detour Gold Trend in Quebec. Results were highlighted by broad, low-angle, high-grade gold intercepts of 8.14 g/t gold over 21.47 metres in hole MDW-11-17 and 5.65 g/t gold over 21.60 metres in hole MDW-11-19. The two high-grade intercepts are centered at 60 and 130 metres vertical depth, are surrounded by broader halos of lower grade mineralization and contain numerous occurrences of visible gold.
Additional drilling will be required to demonstrate continuity between the area tested to date and high-grade gold intercepts known from historic drilling to the northeast and southwest.
About Balmoral Resources Ltd. - www.balmoralresources.com.
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in politically favourable jurisdictions in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
Last Trade: 1.1252 Week: 1.88 – 0.82Market Cap: 73.4 Million
Integrated Freight Corporation ("Integrated Freight" or the "Company") (OTCQB: IFCR) (OTCBB: IFCR)
Integrated Freight Announces Fiscal First Quarter 2012 Financial Results
Integrated Freight Corporation ("Integrated Freight" or the "Company") (OTCQB: IFCR) (OTCBB: IFCR) a rapidly growing motor freight company providing long-haul, regional and local service to its customers in the U.S., today announced its financial results for its first quarter ended June 30, 2011.
First Quarter Fiscal 2012 Highlights
--First quarter fiscal 2012 revenues increased 172.7% to a record $13.0
million
--Completed acquisition of Cross Creek Trucking, an Oregon-based
refrigerated freight hauler ($28mm 2010 revenue; $4mm EBITDA)
--Load ratio reached all time high during quarter
--Continued profitability of all operating segments of the Company
--Added to M&A and financial reporting staff by appointing Matthew
Veal as Vice President and Treasurer
‘
The Company reported a net loss of $2.9 million for the fiscal first quarter ended June 30, 2011, or $0.08 per diluted share, compared to a net loss of $329,388, or $0.02 per diluted share, for the three months ended June 30, 2010, an increase of $2.5 million.
Financial Condition
As of June 30, 2011, the Company had cash and cash equivalents of $131,386 versus cash and cash equivalents of $54,158 as of March 31, 2011. Total liabilities and stockholders' deficit was $21.4 million as of June 30, 2011 versus total liabilities and stockholders' deficit of $7.8 million for the period ended March 31, 2011.
Last Trade: 0.12852 Week: 1.01 – 0.10Market Cap: 4.82 Million
Link to Website
China Agri-Business, Inc. ("China Agri" or the "Company," OTC: CHBU)
China Agri-Business Continues Its Growth in the First Half Year of 2011
China Agri-Business, Inc. ("China Agri" or the "Company," OTC: CHBU), a manufacturer and distributor of organic agricultural application products in China, reported its operation results for the three and six months ended June 30, 2011.
Highlights For The Three Months Ended June 30, 2011
Total sales increased 11% to $3,838,000 in the second quarter of 2011 compared to $3,452,574 in the second quarter of 2010.
Net income increased 200% to $2,256,307 in the second quarter of 2011 compared to $753,221 in the second quarter of 2010
Earnings per common share increased to $0.17 in the second quarter of 2011 compared to $0.06 in the second quarter of 2010
Highlights For The Six Months Ended June 30, 2011
Total sales increased 12% to $5,592,414 in the first half year of 2011 compared to $4,993,515 in the comparable period of 2010.
Net income increased 188% to $3,122,273 in the first half year of 2011 compared to $1,085,029 in the comparable period of 2010
Earnings per common share increased to $0.24 in the first half year of 2011 compared to $0.08 in the comparable period of 2010
About China Agri-Business, Inc.
China Agri-Business, Inc., through its operating company in China, Shaanxi Xinsheng Centennial Agriculture and Technology Co., Ltd., manufactures and sells non-toxic fertilizer, bactericide, and fungicide products used for farming in China. Crops grown with Xinsheng's products are eligible to qualify for the "AA Green Food" rating administered by the China Green Food Development Center, an agency under the jurisdiction of the Ministry of Agriculture of the People's Republic of China
Last Trade: 0.8152 Week: 4.95 – 0.57Market Cap: 10.63 Million
CPI Aerostructures, Inc. ("CPI Aero(R)") (NYSE Amex: CVU)
CPI Aero Announces New C-5 Order Valued at $1.24 Million
CPI Aerostructures, Inc. ("CPI Aero(R)") (NYSE Amex: CVU) today announced that it has received a $1.24 million purchase order from the United States Air Force ("USAF") for structural assemblies for the C-5B/M aircraft. Deliveries are scheduled to commence in mid-2012.
Edward J. Fred, CPI Aero's President and CEO, stated, "CPI Aero has been a major supplier of C-5 structure to the USAF for more than 15 years. Since 2003, the USAF has ordered more than $45 million of C-5 assemblies under the C-5 TOP contract. The USAF's ordering period for the C-5 TOP contract closed in May 2011, with shipments concluding in late 2012. This new award demonstrates that our C-5 work extends beyond the TOP contract and is a positive sign that the C-5 platform will continue to be an important aircraft for CPI Aero in the future."
About CPI Aero
CPI Aero is engaged in the contract production of structural and other aircraft parts for leading prime defense contractors, the U.S. Air Force, and other branches of the armed forces. CPI Aero also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services.
Last Trade: 10.8152 Week: 15.70 – 9.31Market Cap: 74.75 Million
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