Message: AGORACOM Small Cap TV - November 9th - 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 November 9th, 2011, and we’ve found 8 great press release 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.
Mistango River Resources Launches Online Investor Relations Program via AGORACOM
About the company
The Omega Gold Property is located near Larder Lake, Ontario 18 miles east of Kirkland Lake, 4 miles west of the former Kerr Addison mine former producer (10M oz/gold) and lies on the Larder Lake Cadillac fault system, which has produced over 40 million oz/gold in the past, just in the Kirkland/Larder Lake area an continues to do so. The Omega is a past producer; mining was by assay walls to maintain a mining grade of 0.15 oz/gold ton leaving plenty of areas of lower grade unmined which at today’s gold price is quite economical.
Last: 0.30Range: 0.42-0.10Market Cap: 7.2 million
Timmins Gold Reports Financial Results for its Second Quarter Ended September 30, 2011
Timmins Gold Corp. (TSX:TMM)(NYSE Amex:TGD)
is pleased to report its second quarter ("Q2") ended September 30, 2011 financial results. All results are presented in United States dollars ("US Dollars" or "USD") unless otherwise stated. The Company is changing its year end from March 31 to December 31, and will report Q3 results as year ended and nine months ended results to December 31, 2011.
Q2 2011 HIGHLIGHTS
--Metal revenues in Q2 2012 were $28.2 million, compared to $19.6 million
in Q2 2011. This represents a 44% increase over the prior year.
--Profit from operations was $10.3 million in Q2 2012, compared to $7.9
million in Q2 2011. This represents a 31% increase over the prior year.
--Cash flows from operations increased to $7.3 million in Q2 2012,
compared to cash flows from operations of $4.6 million in Q2 2011. This
represents a 59% increase over the prior year.
--The Company produced 17,287 ounces of gold and sold 16,917 ounces of
gold during Q2 2012, compared to gold produced and sold during Q2 2011
of 15,682 ounces. This represents a 10% increase in gold production over
last year.
--The Company's cash cost per ounce in Q2 2012 was $600 ($574 for the six
months ended September 30, 2011), compared to a cash cost per ounce in
Q2 2011 of $515 ($589 for the six months ended September 30, 2010).
About Timmins Gold
Focused solely in Mexico, Timmins Gold Corp. is in commercial gold production at its wholly owned San Francisco gold mine in Sonora, Mexico. The mine is an open pit heap leach operation. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year. (Micon International NI 43-101F1 Technical Report dated November, 2010).
Last: 2.61Range: 3.45-1.80 Market Cap: 366 million
DDS Wireless Delivers 29% Revenue Growth, $3.0 Million in EBITDAS(1) and $0.11 EPS in Q3 2011
DDS Wireless International Inc. (TSX:DD),
a world leader in providing wireless data solutions for fleet management for more than 20 years, today reported financial results for the three and nine months ended September 30, 2011. All financial information is expressed in Canadian ("CDN") dollars and has been prepared in accordance with International Financial Reporting Standards ("IFRS"), applicable to the preparation of interim financial statements, except as otherwise noted.
DDS Wireless reported another quarter of strong growth and profitability. Revenue in Q3 2011 increased 29% to $12.5 million from the same period last year and 12% over Q2 2011. Year to date revenue was 19% higher than for the nine months ended September 30, 2010 at $33.2 million.
In addition, the Company posted a strong earnings performance with EBITDAS(1) in Q3 of $3.0 million or 24% of revenue and net income of $1.5 million. This brings EBITDAS(1) for the nine months ended September 30, 2011 to $5.0 million (15% of revenue), comparing positively to the same period last year (9% of revenue).
About DDS Wireless International Inc.
DDS Wireless International Inc. is a global leader in providing application software for multiple vertical markets within the transportation industry. The Company specializes in transit routing and scheduling, real-time dispatching, vehicle location and tracking software applications, communications infrastructure as well as in-vehicle wireless devices. DDS Wireless operates four businesses dedicated to transit, taxi, limousines and work truck, and wireless devices and communication infrastructure. The Company supports its customers worldwide through its offices in Canada, Finland, India, Singapore, Sweden, U.K. and U.S.A.
Last: 1.70Range: 3.40-1.22Market Cap: 23.4 million
Poynt Local Search and Advertising Platform Surpasses 11 Million Users & 2.1 Billion Interactions Globally
Poynt Corporation (TSX VENTURE:PYN
a global leader in mobile local search and advertising, today announced the Poynt Platform, ("Poynt" or "the Platform") has surpassed the 11 million user milestone. In addition an aggregate of 2.1 billion interactions have been recorded by Poynt users globally. The increase in users and interactions has been a catalyst for the Company's revenue growth.
Over the past twelve month period, the Platform has experienced 158% growth in its user base. Poynt has surpassed 2.1 billion interactions, up from 1 billion interactions on March 11, 2011, representing a doubling of user activity in only eight months.
Throughout this growth, the Company has continued to update the Platform with new features that have been customer driven, such as the addition of information on local gas prices, local events and offers. These features are enhanced by the Company's patented location-based technology and deep device integration.
About Poynt Corporation
Poynt Corp. (about.poynt.com) is a global leader in the mobile local advertising space. Its Location Based Search (LBS) and advertising platform, Poynt (www.poynt.com), enhances a user's ability to connect with the people, businesses and events most important to them. Poynt is available on Android, iPhone, Windows Phone and Nokia devices, along with BlackBerry smartphones and BlackBerry PlayBook Tablets in Canada, the United States, Europe, India and Australia. Poynt Corp. entered the mobile publishing space with the acquisition of an advertising publishing platform in January 2011. Key contracts on both the supply and demand sides are in place to provide inventory into the platform and publishers to display the inventory. Whether through the Poynt Local Search App or the Ad Publishing Platform, Poynt Corp. simplifies connecting consumers with businesses, retailers and events. Headquartered in Calgary, AB, Canada, Poynt Corp. trades on the TSX Venture Exchange under the symbol PYN.
Last: 0.15Range: 0.275-0.035Market Cap: 71.5 million
Longwei Petroleum Announces Financial Results for First Quarter Fiscal 2012
Longwei Petroleum Investment Holding Ltd. (NYSE Amex: LPH) ("Longwei" or the "Company"), an energy company engaged in the storage and distribution of finished petroleum products in the People's Republic of China ("PRC"), today announced its financial results for the three months ended September 30, 2011.
First Quarter Fiscal Year 2012 Financial Highlights: (Year-over-Year, 3-Month Results)
- Revenues increased 4.7% to $118.6 million, compared with $113.3 million.
- Incme Before Taxes increased 128.6% to $23.2 million, compared with $10.1 million.
- GAAP Net Income Attributable to Common Shareholders increased 272.6% to $17.8 million, compared with $4.9 million.
- Basic and Diluted Earnings per Share ("EPS") increased to $0.18 per share for the three months ended September 30, 2011, compared to $0.05 per Basic and Diluted Share for the three months ended September 30, 2010.
- The Company's Taiyuan and Gujiao fuel storage facilities contributed revenues of $58.2 million and $54.8 million, respectively. Agency fees contributed $5.5 million to revenues.
- Stockholders' Equity increased $20.7 million to $282.4 million, compared with $261.7 million.
About Longwei Petroleum Investment Holding Limited
Longwei Petroleum Investment Holding Limited is an energy company engaged in the storage and distribution of finished petroleum products in the People's Republic of China. The Company's oil and gas operations consist of transporting, storage and selling finished petroleum products, entirely in the PRC. The Company's headquarters are located in Taiyuan City, Shanxi Province.
Last Trade: 1.5552 Week:3.94 – 0.82Market Cap: 156.17 Million
China GrenTech Announces Third Quarter 2011 Financial Results
China GrenTech Corporation Limited (NASDAQ:GRRF - News), a leading China-based provider of radio frequency ("RF") and wireless coverage products and services, today announced its unaudited financial results for the third quarter ended September 30, 2011.
Third Quarter 2011 Financial Highlights
- Total revenue was US$63.7 million(1), an increase of 2.4% year-over-year compared to the third quarter of 2010
- Gross profit was US$17.4 million an increase of 7.2% year-over-year compared to the third quarter of 2010
- Operating income was US$4.0 million, an increase of 1.0% year-over-year compared to the third quarter of 2010
- Net income attributable to shareholders was US$1.4 million a decrease of 29.8% year-over-year
- Diluted earnings per ADS(2) was US$0.06, compared to the third quarter of 2010
About China Grentech
GrenTech is a leading developer of radio frequency ("RF") technology in China and a leading provider of wireless coverage products and services in China. The Company uses RF technology to design and manufacture wireless coverage products, which his enable telecommunication operators to expand the reach of their wireless communication networks to indoor and outdoor areas such as buildings, highways, subways, tunnels and remote regions. GrenTech's wireless coverage services include design, installation and project warranty services. The Company also tailors the design and configuration of its wireless coverage products to the specific requirements of its customers.
Last Trade: 2.5752 Week: 3:71 – 1.51Market Cap: 57.9 Million
WiLAN Reports 3rd Quarter 2011 Financial Results
Wi-LAN Inc. ("WiLAN" or the "Company") (TSX: WIN)(NASDAQ: WILN) today announced financial results for the three month period ended September 30, 2011. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.
Third Quarter 2011 Highlights:
·Record cash revenues of $27.8 million, an increase of 158% as compared to $10.8 million in the three month period ended September 30, 2010.
·Adjusted earnings* of $22.8 million, or 18 cents per share, as compared to adjusted earnings of $903 thousand, or 1 cent per share, in the three month period ended September 30, 2010.
·GAAP earnings of $7.3 million, or 6 cents per share, as compared to a GAAP loss of $6.0 million, or 6 cents per share, in the three month period ended September 30, 2010.
·Signed licensing partnerships with four companies with patent portfolios related to on-line gaming, on-line gambling, networking technology and internet connectivity.
·Initiated takeover bid for MOSAID Technologies Inc ("MOSAID").
·Generated $1.8 million in cash from operations; cash and cash equivalents and short-term investments of $197.0 million at quarter end.
·Declared an eligible dividend of CDN $0.025 per common share.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 255 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 1400 issued or pending patents.
Last Trade: 7.3252 Week: 10.12 – 4.63Market Cap: 904.51 Million
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