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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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China Education Alliance, Inc. (CEAI: OTCQX U.S.) | China Education Alliance Announces First Quarter 2013 Financial Results

Category : Stocks, World News

HARBIN, China, May 15, 2013 /PRNewswire/ —
China Education Alliance, Inc. (“China Education Alliance” or the “Company”,
OTCQX: CEAI), a China-based education resource and services company, today
announced its first quarter 2013 financial results.

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Orofino Gold Corp (ORFG: OTC Pink Current) | Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

Category : Stocks, World News

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Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

PR Newswire

LAS VEGAS, May 10, 2013

LAS VEGAS, May 10, 2013 /PRNewswire/ – Orofino Gold Corp. (PINK OTC: ORFG)
(“Orofino Gold” or the “Company”) is pleased to announce that it has
Gold development projects in Colombia, a current hot spot for large
Gold/Copper porphyry systems, with the occurrence of the very high
grade gold vein systems in the central part of the Senderos de Oro
project and with many small scale grinding and amalgamation mills
in-place.

Orofino Gold is planning to design a central processing and recovery
facility that is modular in design and will be capable of processing
enough high grade material to produce up to100, 000 ounces of gold
annually while the Company continues to explore further the potential
Primary Porphyry target.

The company has reviewed several engineering and design firms with gold
production design facilities, fabrication, and operational expertise
and is reviewing a short list prior to engaging the design team.
Orofino intends to continue the relationships currently enjoyed with
government agencies, the local communities, as well as current
production teams and will involve these groups in all major processing
and production planning decisions.

Forward-Looking Statements

These statements are not guarantees of future performance and involve
certain risks and uncertainties that are difficult to predict. Actual
results could vary materially from the description contained herein due
to many risk factors that affect the industry the Company operates in
and other risk factors listed from time to time in the Company’s
Securities and Exchange Commission (SEC) filings under “risk factors”
and elsewhere. The forward-looking statements contained in this press
release speak only as of the date on which they are made, and the
Company does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
press release.

SOURCE Orofino Gold Corp.

Visit link: Orofino Gold Corp (ORFG: OTC Pink Current) | Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

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Orofino Gold Corp (ORFG: OTC Pink Current) | Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

Category : Stocks

< ?xml version="1.0" encoding="UTF-8"?>

Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

PR Newswire

LAS VEGAS, May 10, 2013

LAS VEGAS, May 10, 2013 /PRNewswire/ – Orofino Gold Corp. (PINK OTC: ORFG)
(“Orofino Gold” or the “Company”) is pleased to announce that it has
Gold development projects in Colombia, a current hot spot for large
Gold/Copper porphyry systems, with the occurrence of the very high
grade gold vein systems in the central part of the Senderos de Oro
project and with many small scale grinding and amalgamation mills
in-place.

Orofino Gold is planning to design a central processing and recovery
facility that is modular in design and will be capable of processing
enough high grade material to produce up to100, 000 ounces of gold
annually while the Company continues to explore further the potential
Primary Porphyry target.

The company has reviewed several engineering and design firms with gold
production design facilities, fabrication, and operational expertise
and is reviewing a short list prior to engaging the design team.
Orofino intends to continue the relationships currently enjoyed with
government agencies, the local communities, as well as current
production teams and will involve these groups in all major processing
and production planning decisions.

Forward-Looking Statements

These statements are not guarantees of future performance and involve
certain risks and uncertainties that are difficult to predict. Actual
results could vary materially from the description contained herein due
to many risk factors that affect the industry the Company operates in
and other risk factors listed from time to time in the Company’s
Securities and Exchange Commission (SEC) filings under “risk factors”
and elsewhere. The forward-looking statements contained in this press
release speak only as of the date on which they are made, and the
Company does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
press release.

SOURCE Orofino Gold Corp.

Excerpt from: Orofino Gold Corp (ORFG: OTC Pink Current) | Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

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Allianz SE (AZSEY: OTCQX International Premier) | Allianz to redeem its 2 billion US-dollar 8.375% undated subordinated callable bonds

Category : Stocks

Allianz SE announced today that it intends to call for redemption effective June 15, 2013 (the “Redemption Date”) all of its 2,000,000,000 US-dollar 8.375% undated subordinated callable bonds (CUSIP: 018805200; ISIN: US0188052007) (the “Bonds”).

The Bonds will be redeemed in accordance with their terms and conditions. The redemption price for the Bonds will be the principal amount plus any interest accrued to and including the Redemption Date and will be paid in cash on Monday, June 17, 2013.

These assessments are, as always, subject to the disclaimer provided below.

Forward-looking statements
The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group’s core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events) (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update
The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

Originally posted here: Allianz SE (AZSEY: OTCQX International Premier) | Allianz to redeem its 2 billion US-dollar 8.375% undated subordinated callable bonds

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Costar Technologies, Inc. (CSTI: OTC Pink Limited) | Costar Technologies, Inc. Announces Adoption of Corporate Governance Measures

Category : World News

FOR IMMEDIATE RELEASE

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Standard Chartered falls 5% after unveiling first quarter profit fall

Category : Business

Asia-focused bank hit by problems in Korea, rising bad debts and staff costs

Standard Chartered has disappointed investors with a drop in first quarter profits, making the Asia-focused bank the biggest faller in the leading index.

It said both commercial and wholesale banking operating profits were down by around 5% – “down by a mid single digit percentage” – hit by increased loan impairments after problems in Korea, an increase in bad debts, and rising costs after recruiting 560 staff in the quarter.

Its shares have dropped 91.5p to 1608.5p on the news, down 5.38%. But the bank said it had started the second quarter with April income back at the trend level and it remained comfortable with forecasts for the full year. Analysts were also positive. Ian Gordon at Investec said:

At first blush there are plenty of hooks for bears in this morning’s statement, which will likely trigger a sharp sell-off today. However, this requires implicit rejection of management’s reaffirmation of comfort with a 2013 consensus pretax profit forecast of $8.2bn (up 19% year on year). We are 1% below ($8.1bn). Weakness today should be seen as an opportunity.

Gary Greenwood at Shore Capital said:

Standard Chartered has issued a relatively downbeat first quarter trading statement in which it reports that group operating profit was “slightly down” for the period versus the prior year comparative. This was primarily owing to weak revenue performance with income only “slightly ahead” of the prior year comparative owing to margin pressure in trade finance and lower ALM (asset liability management) income. The prior year comparative was also strong, notably in principal finance. In our view, this reflects increased competition from foreign banks (notably French and Japanese) and the impact of ongoing monetary policy action, in our view, notably impacting on performance in March.

The outlook is more encouraging, with the company noting on the analysts’ conference call that growth in income and profit was back at “trend levels” in April (i.e. double-digit) and that management therefore remains comfortable with full year consensus (statutory) forecasts despite the weak first quarter performance.

We believe recent share price weakness associated with concerns around current trading should be used as an opportunity to pick up stock.

Overall the FTSE 100 has paused for breath after hitting a new five year high on Tuesday, edging up 0.60 points to 6557.90.

J Sainsbury has slipped 2.9p to 393.6p as investors decided to cash in after a 6.2% rise in full year profits.

Accountancy software specialist Sage has climbed 6.3p to 345.6p following a 6% profit increase.

A number of companies have seen their shares go ex-dividend including Antofagasta, down 50p at 939.5p.

Among the mid-caps, hedge fund group Man has fallen 4p to 121.5p after a 0.1% dip in its key AHL fund last week.

Allianz SE (AZSEY: OTCQX International Premier) | Allianz key figures for the first quarter of 2013

Category : Stocks, World News

For the first quarter of 2013, Allianz Group achieved total revenues of around 32 billion euros,

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Workers’ Rights Should Know No Borders

Category : Stocks

OFL Statement for South Asian Heritage Month – May 2013

See original here: Workers’ Rights Should Know No Borders

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Baroma Inc. (BRMA: OTC Pink Current) | BAROMA DTC

Category : Stocks, World News

BAROMA, INC. OBTAINS DTC APPROVAL TO BEGIN ELECTRONIC TRADING
Miami, FL, May 1st –
Baroma, Inc. (OTCMarket: BRMA) today announced that DTC approved electronic trading for the Company’s stock. Baroma’s stock is traded on the Over The Counter Exchange and OTC Markets under the stock symbol, BRMA. The Company owns and operates BAROMA Healthcare International, LLC d/b/a Baroma Health Partners; the first Medicare approved Accountable Care Organization (ACO) based in Miami-Dade County, FL participating in the Medicare Shared Savings Program. The Company’s three-year agreement with The Center for Medicare and Medicaid Services (CMS) allows for the ACO to receive up to half of the savings generated by quality improvement through coordinated care and cost saving initiatives for the Medicare-Fee-For-Services population in South Florida.
Scott J. Backer, CEO of Baroma, commented, “We are very pleased to have been approved by DTC to begin electronic trading. We are expecting excellent financial results for 2013 and are growing our provider network month after month. We have partnered with leaders in health IT, care delivery and regulatory reporting throughout the country and expect continued growth as we expand to other high value markets nation-wide. Baroma has an excellent outlook for our first year’s performance under the MSSP, with our projected population shared savings with Medicare will be approximately $36 million of which we expect, from the trend of January and February reports, revenues approximately at $18 million EBITDA without calculating our expected month to month growth. A PE (price earnings ratio) of fifteen would put our share price in the range of $.90.”
Since January Baroma has more than doubled its network of participating physicians which is estimated beneficiaries of over 10,000 Medicare fee-for-service beneficiaries. In Miami-Dade County, historically one of the nation’s most costly county for Medicare, generating a savings for this population is less difficult than in other service areas. “Targeting waste, fraud and abuse are one of the many strategies we have implemented since our contract took effect in January.” Says Baroma COO Marisela Rodriguez.
Established as an effort to assist at-risk health networks and health plans in minimizing the medical expense, Baroma has developed their ACO delivery model based on the best practices successfully implemented in managed care.
“Our goal is to use tools such as newly developed IT resources in accordance with more developed and coordinated practices implemented in the managed care world to drive innovation in healthcare delivery. Preventative medicine is at the forefront of our initiative to reach the three principle goals of the MSSP: better care for individuals, better health for populations, and slower growth in expenditures for Medicare.” Said Baroma CIO Ricardo Matos.
For more information, please view: www.baromahc.com
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking statements”, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as “estimate,”
Baroma, Inc. 18495 South Dixie Highway | Unit 269 | Miami, FL 33157 | (888) 315-4490
“anticipate,” “believe,” “plan” or “expect” or similar statements are forward-looking statements. Risks and uncertainties for the company include, but are not limited to, the risks associated with mineral exploration and funding as well as the risks shown in the company’s most recent annual and quarterly reports on Form 10-K and Form 10-Q respectively, and from time-to-time in other publicly available information regarding the company. Other risks include risks associated with the regulatory approval process, competitive companies, future capital requirements and the company’s ability and level of support for its exploration and development activities. There can be no assurance that the company’s exploration efforts will succeed and the company will ultimately achieve commercial success. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set for herein and should also refer to the risk factors disclosed in the company’s periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release has been prepared by management of the company who takes full responsibility for its contents. None of FINRA nor the SEC has approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell of the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Investor Contact: finance@baromahc.com | (888) 315-4490

Continued here: Baroma Inc. (BRMA: OTC Pink Current) | BAROMA DTC

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Without Justice, No Fallen Worker Can Rest in Peace

Category : Stocks

OFL Statement on Day of Mourning for Workers Killed or Injured on the Job April 28, 2013

Read more here: Without Justice, No Fallen Worker Can Rest in Peace

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