Gastar Exploration, Ltd. (AMEX:GST) recently reported that its borrowing base under the Second Amendment to the Company’s Amended and Restated Credit Agreement has been increased to $47.5 million. The borrowing base had previously been reduced from $47.5 million to $40.0 million primarily as a result of delays in returning the Belin #1 well to production following recompletion efforts.
Gastar Exploration Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America. The Company pursues a strategy combining deep natural gas exploration and development with lower risk CBM and shale resource development. The Company owns and operates exploration and development acreage in the deep Bossier gas play of East Texas and Marcellus Shale play in West Virginia and Pennslvania.
EVCARCO, Inc. (EVCA.OB) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles.
The board of EVCA recently reported that pursuant to a strong demand from the US Federal Government to meet environmental standards in relation to its Federal Military fleet, EVCA will be working with VENTA Inc. and several third party organizations to create Military grade AEV and Hybrid Diesel Electric units.
The move is part of an EVCARCO recent corporate shift aimed at increasing revenue through contracting and sourcing of units suitable for Government RFPs.
EVCARCO has been working on projects with the US Federal Government as announced in previous releases since first quarter of 2010. The trials have given the management of EVCARCO insight into the needs and requirements of the Federal Government and, with this knowledge, the corporation stands at a significant advantage in respect to sourcing specific AEV and Hybrid Units for the Military.
EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCARCO has developed a franchised dealer network allowing growth into most US States by 2012.
For more information about this company please visit http://www.evcarco.com
Ladenburg Thalmann Financial Services Inc. (AMEX:LTS) recently announced that its subsidiary, Ladenburg Thalmann Asset Management Inc., has launched an Alternative Strategies Fund, which provides a simpler process for investors to own alternative investments. The fund commenced on September 28, 2010 and is offered exclusively to the 1,000 financial advisors of Ladenburg Thalmann & Co. Inc., Triad Advisors Inc. and Investacorp, Inc.
Ladenburg Thalmann Financial Services Inc., through its subsidiaries, provides a range of financial services primarily to corporate and institutional clients, and high net-worth individuals in the United States.
SearchMedia Holdings Ltd (AMEX:IDI) The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of SearchMedia Holdings Limited (NYSE:IDI) during the period of April 1, 2009 and August 20, 2010.
It has been alleged that during the class period, SearchMedia and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements regarding the Company, more specifically: (1) SearchMedia improperly recognizing revenue; (2) certain SearchMedia accounts receivable related to sales generated primarily in the in-elevator business were uncollectible, (3) SearchMedia’s financial results during the class period were materially overstated; (4) SearchMedia’s financial results were not prepared in accordance with Generally Accepted Accounting Principles (”GAAP”); (5) SearchMedia lacked adequate internal and financial controls; and (6) as a result of the above, SearchMedia’s financial statements were materially false and misleading at all relevant times.
SearchMedia Holdings Ltd operates as a blank check company and is based in Beverly Hills, California.
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