China Shen Zhou Mining & Resources, Inc. (Amex:SHZ) announced that three processing flotation plants it acquired early this year are on track to begin production in the first quarter of 2012. In January and February of 2012, China Shen Zhou acquired, through its subsidiary, Xiangzhen Mining Ltd. ("Xiangzhen"), 60% ownership respectively, in Wuchuan Dongsheng Mining Company Ltd., ("Wuchuan Mining"), and Qianshi Resources Development Company Ltd. ("Qianshi Resources"), both located in the Wuling mountain area in Guizhou Province.
China Shen Zhou Mining & Resources, Inc. engages in exploring, developing, mining, processing, and distributing fluorite ore and processed fluorite powder, copper, zinc, lead, and other nonferrous metals in the People's Republic of China.
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Crown Equity Holdings Inc. (CRWE)
Crown Equity Holdings Inc. (CRWE.OB) (www.crownequityholdings.com) announced that its subsidiary Crown Tele Services Inc. has entered into a letter of intent with BBN Solutions.
BBN Solutions, located in India, and Crown Tele Services Inc. (www.crownteleservices.com) shall form a 50/50 Joint Venture corporation for the purpose of granting to Crown Tele Services Inc., exclusive rights in the United States to BBN's telecommunications marketing process and services.
Commenting on the Letter of Intent, Kenneth Bosket, President of Crown Tele Services Inc., stated: "This Joint Venture will give both companies a strategic advantage within the communication market.
Crown Tele Services Inc. is a provider of affordable, world class (VoIP) communications solutions and is a subsidiary of Crown Equity Holdings Inc. For more information visit www.crownteleservices.com
Crown Equity Holdings Inc. offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information visitwww.crownequityholdings.com.
BBN Solutions doing business as BBN Telecom provides both wholesale and retail global communication, as well as calling cards. For more information visit www.bbntel.net.
VoIP has all of the same features a traditional phone is equipped with: voicemail, caller ID, call waiting, and other standard options. VoIP also allows users to take advantage of advanced features only available on internet-based phone systems. Features like video conferencing, online call monitoring, and online phone system access to add or configure extensions are also available with VoIP systems.
For more information about Crown Equity Holdings Inc., please visit: www.crownequityholdings.com.
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MAG Silver Corp. (AMEX:MVG) announces significant silver/lead/zinc vein intercepts in the first three holes drilled in an exploration drill program on its La Esperanza project in northern Zacatecas State, Mexico. MAG is earning a 60% interest in the project from Canasil Resources Inc. (TSX-V:CLZ.V) ("Canasil"). The holes were drilled on one section 100 metres North West along strike from previous drilling carried out by Canasil on the main La Esperanza Vein system.
MAG Silver Corp. engages in the acquisition, exploration, and development of mineral properties in the Mexican Silver Belt. The company explores for silver. It primarily holds 44% joint venture interest in the Juanicipio property; and 100% interests in Cinco de Mayo property and the Lagartos (NW and SE) property. The company is headquartered in Vancouver, Canada.
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FieldPoint Petroleum Corporation (AMEX:FPP) announced details of a hedging agreement that it has in place for the first half of 2012. Ray Reaves, President and CEO for FieldPoint stated, "As most of you know, during the second half of last year the board of directors decided that it would be wise to protect cash flow by hedging, and we put in place a costless collar with an $85 floor and $102.50 ceiling. That was in effect from July 1, 2011 to December 31, 2011. When it became time to replace this program, we were able to obtain a costless collar with a $95 floor and $106.50 ceiling.
FieldPoint Petroleum Corporation engages in the acquisition, operation, and development of oil and natural gas properties in the United States.
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revenue was up 12% year-over-year and 3% sequentially, and totaled $27.6 million. GAAP net income increased 71% year-over-year to a record $9.7 million, compared to $5.7 million in the prior year period. Diluted earnings per share ("EPS") increased 80% year-over-year to $0.18, compared to $0.10 in the prior year period. EPS in the prior year period included one-time charges of $0.03 for a legal settlement and $0.01 for the Company’s previous credit agreement’s financing costs. Gross margin improved year-over-year from 60% to 63% due to improved Electronic Gaming Machine (“EGM”
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