AsiaInfo-Linkage, Inc. (Nasdaq:ASIA) ("AsiaInfo-Linkage" and the "Company"), a leading provider of telecommunications software solutions and related services, announced that its Board of Directors has authorized a new stock repurchase program, under which AsiaInfo-Linkage may repurchase up to US$60.0 million in aggregate value of the outstanding common stock of the Company.
Under the program, the Company may, from time to time for a period of twelve months, depending on market conditions, share price and other factors, make one or more purchases, on the open market or in privately negotiated transactions, of up to US$60.0 million in aggregate value of the Company's outstanding common stock. Such purchases under the program will be made in accordance with applicable law and subject to any required regulatory approvals. Any common stock repurchased by AsiaInfo-Linkage will become part of its treasury stock and may be used by AsiaInfo-Linkage to finance or execute acquisitions, equity incentive plans, or other arrangements.
AsiaInfo-Linkage, Inc. is a leading provider of high-quality software solutions and IT services in China's telecommunications industry. Following the merger between AsiaInfo Holdings, Inc. ("AsiaInfo") and Linkage Technologies International Holdings Limited ("Linkage") on July 1, 2010, AsiaInfo-Linkage leverages both AsiaInfo's and Linkage's leading market positions and complementary customer bases to provide a robust, comprehensive service offering primarily to China's telecom operators. AsiaInfo-Linkage's world-class R&D capabilities and extensive base of highly skilled engineers provide best-of-class solutions to help customers differentiate themselves from the competition.
For more information about AsiaInfo-Linkage, please visit www.asiainfo-linkage.com
Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.OB)
Most U.S. citizens use around 2 barrels of oil per month. America contributes around 5.4 million barrels of crude oil every day which adds up to almost 2 billion barrels per year.
In 2009, around 41% of America’s total energy use was used by homes and businesses, 30% was used for industrial activities and 29% was used by transportation.
Utah contains four of the Nation’s 100 largest oil fields, two of its 100 largest natural gas fields (2008).
Kentucky’s existing oil and gas infrastructure is extensive. Finding and production costs are low due to the occurrence of shallow resources. Kentucky is centrally located for access and distribution to northern and eastern industrial markets.
Proper Power & Energy, Inc. (PPWE.OB) a Tampa-based independent oil and gas exploration and production company, has announced the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc .
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. “We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives,” stated Andrew Kacic.
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity. The Company’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
Please visit our website www.properpower.com
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