Orofino Gold Corp. (ORFG)
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Gold is a precious metal; you wouldn’t think mankind would send it into space. But because of some of the unique qualities of gold, it’s extremely valuable in the space program, too. For instance, it’s used in space suits. A thin layer of gold is applied to the suits astronauts wear in outer space in order to protect them from radiation and reflect and deflect the burning heat of the sun. That’s the glamorous part gold serves in the aerospace industry.
Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
Gold is also used as a lubricant between mechanical parts. In space, organic lubricants become unstable, leading to a breakdown. This is caused, again, by the intense radiation suffered outside the Earth’s protective atmosphere. Gold’s malleability enables it to be processed into a very thin film that coats and protects critical moving parts, serving as a lubricant. This is because the gold molecules slip past each other under forces of friction, providing the lubricant action. It’s a fascinating use of gold and not seen in many other applications.
Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Orofino Gold Corp. (ORFG) is pleased to announce the appointment of Dr. Hans Bocker as the new Chairman of the Board.
The Company held a Board meeting dated April 5, 2011, to initiate certain corporate changes to the existing members of the Board of Directors. The Board of Directors unanimously appointed Dr. Hans Bocker as the new Chairman of the Board, and the former Chairman, Mr. Ning Shi Long, resigned as Chairman due to personal obligations, but will remain as a member of the Board of Directors.
Dr. Hans J. Bocker is an internationally recognized academic advisor. His expertise encompasses fundamental organizational and operational logistics including production and operations management, purchasing and procurement, safety, loss control, quality management, international management, cross-cultural management, transportation and traffic logistics, and leadership training for executives.
In addition to his logistical expertise, Dr. Bocker is also an internationally recognized gold expert. He recently published a book on gold titled Freedom Through Gold which has sold out in several languages. He is also a published journalist with over 2000 publications.
On behalf of the Board of Directors, the Company wishes to extend their gratitude to Mr. Ning Shi Long for his commitment and efforts as past Chairman of the Board.
For more information about Orofino Gold Corp. visit its website www.orofinogoldcorp.com
Cleantech Transit Inc. (CLNO)
Biomass can be used in two fundamental ways: directly (e.g. burning wood for heating and cooking) and indirectly (by conversion into a liquid or gaseous fuel, e.g. ethanol from sugar crops, biodiesel from vegetable oils, or biogas from landfills and animal waste). Direct use is often termed “traditional” use, and indirect use is often termed “modern” or “commercial” biomass use because it involves more advanced processes, such as gasification and electricity generation. Direct or traditional use predominates in the developing world, while indirect use (after transformation) is more common in the industrialized countries.
Cleantech Transit, Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects.
The majority of developing countries are located in warmer regions, and the use of biomass heat, other than for cooking and traditional heating, is limited to the supply of process heat in industry.
In rural areas, biomass fuels are mainly collected by users, whereas in urban areas they are mostly marketed after collection by urban authorities or their agents. Urban use is based on the collection and processing of large quantities of waste, mainly by municipal authorities for processing in central plants and distribution by commercial means.
Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company’s manufacturing clients worldwide.
Cleantech Transit Inc. recently announced that it has successfully signed a term sheet with Phoenix Energy (www.phoenixenergy.net), a manufacturer and distributor of biomass-generated power plants.
Under the terms of the agreement, Cleantech has an option to acquire a 25% interest into Phoenix Energy’s asset base, which includes a fully constructed, one-half megawatt (500 kilowatt) biomass energy project located in California. Phoenix Energy has developed an eco-friendly system that converts 100% recyclable agricultural and wood waste (biomass) into cleaner burning energy (heat, electricity) and other salable byproducts.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Consolidated Edison, Inc. (NYSE:ED) reported first quarter earnings of $311 million or $1.07 a share compared with $226 million or $0.80 a share in 2010. Earnings from ongoing operations, which exclude the net mark-to-market effects of the competitive energy businesses, were $289 million or $0.99 a share compared with $264 million or $0.93 a share in 2010.
Consolidated Edison, Inc., through its subsidiaries, provides electric, gas, and steam utility services in the United States.
Global Payments Inc. (NYSE:GPN) announced that its board of directors approved fiscal 2011 third quarter dividend of $0.02 per common share payable May 31, 2011 to shareholders of record as of May 17, 2011. Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region.
Global Payments Inc. provides electronic transaction processing services for merchants, independent sales organizations (ISO), financial institutions, government agencies, and multi-national corporations located in the United States, Canada, Europe, and the Asia-Pacific region.
Reliance Steel & Aluminum Co. (NYSE:RS) reported its financial results for the first quarter ended March 31, 2011. For the 2011 first quarter, Reliance reported net income of $92.3 million, up 107% from 2010 first quarter net income of $44.7 million, and up 134% from $39.5 million in the 2010 fourth quarter. Earnings per diluted share were $1.23 in the 2011 first quarter, up 105% from 2010 first quarter earnings per diluted share of $.60 and up 132% from $.53 for the 2010 fourth quarter. Sales for the 2011 first quarter were $1.91 billion, up 32% from 2010 first quarter sales of $1.45 billion, and up 21% from 2010 fourth quarter sales of $1.58 billion.
Reliance Steel & Aluminum Co. operates metals service centers. It provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products to fabricators, manufacturers, and other end users.
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