Dot Hill Systems Corp. (NASDAQ:HILL) announced it is scheduled to release fourth quarter 2010 financial results after the close of the market on March 3, 2011. Dot Hill’s fourth quarter 2010 financial results conference call is scheduled to take place on Thursday, March 3, 2011 at 4:30 p.m. ET. Please join for a live audio webcast at www.dothill.com in the Investor Relations section. If prefer to join via telephone, please dial (877) 303-3196 (U.S.) or (408) 427-3864 (International) at least five minutes prior to the start of the call. A replay of the webcast is scheduled to be available for one week on the Dot Hill web site following the conference call. For a telephone replay, dial (800) 642-1687(U.S.) or (706) 645-9291 (International) and enter conference ID# 44423830.
Dot Hill Systems Corp. provides entry-level and midrange storage systems and enterprise server software for organizations requiring networked storage and data management solutions in open systems architecture.
Orofino Gold Corp. (ORFG.PK) acquired a 55% interest in the Mina Azul/La Estrella property with the rights to acquire up to 80%. By acquiring its interest in an established operating mine, Orofino has established itself as a serious participant in the effort to revitalize the Senderos de Oro mining scene.
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by ORFG, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
The Senderos de Oro Project is comprised of more than 3000 hectares of Gold and other mineral concessions in the minera mining area of central Sur de Bolivar. The Project resembles the La Bodega and Vetas California Projects, currently being explored and developed by Canadian Exploration Company Ventana Gold, for which EBX recently extended an unsolicited tender offer of $1.3 Billion.
Orofino Gold Corp. is a China based Gold and Silver Exploration Company founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. 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.
For more information about this company please visit http://www.orofinogold.com
Kingold Jewelry, Inc. (NASDAQ:KGJI) announced that it has entered into an agreement with China Merchants Bank Limited (”China Merchants Bank”) to manufacture 24-Karat gold investment related products, such as gold coins and bars, for resale by China Merchants Bank to its customers throughout its expansive retail banking network across China. Kingold intends to leverage its gold jewelry manufacturing expertise, while capitalizing on available production capacity, to grow this new line of complimentary gold investment products. It is expected that the new product line, which caters to Chinese consumer affinity for gold as a store of wealth, will on average generate more than double the gross margin of the Company’s traditional gold jewelry and ornament line.
Kingold Jewelry Inc. designs, manufactures, and sells gold jewelry in the Peoples Republic of China. It offers a range of 24 Karat gold products, including pure gold necklaces, rings, earrings, bracelets, pendants, and gold bars.
American Video Teleconferencing Corp. (AVOT.PK) - Rare Earth Minerals are used in cell phones, flat-screen televisions, hybrid cars and many other products.
AVOT reported that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada.
The property has been dormant since the 1960’s when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
The company reported that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company’s exploration programs on its newly acquired rare earth property in Quebec.
This property is only one of several advanced stage properties American Video Teleconferencing Corp. has under consideration in the province of Quebec.
American Video Teleconferencing Corp. will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Plexus Corp. (NASDAQ:PLXS) announced that its Board of Directors has approved a new stock repurchase program under which the Company is authorized to repurchase up to $200 million of its common stock. The Board has also authorized the Company to fund the stock repurchase program with existing cash and new long-term debt of up to $200 million. This borrowing transaction is expected to close by the end of the Company’s fiscal third quarter, subject to entry into definitive lending agreements. “This new stock repurchase program and related financing reflects our ongoing commitment to our shareholders’ total return,” stated Ginger Jones, Senior Vice President and Chief Financial Officer. “We successfully completed a repurchase program in 2008, and we believe that conditions are again right for a potential repurchase of our shares. We believe that repurchasing Plexus stock at current market prices is an attractive use of our capital resources, with the opportunity to create significant shareholder value. We remain optimistic about achieving our long-term financial and business goals, and believe that this stock repurchase program will help support those objectives.”
Plexus Corp., together with its subsidiaries, provides contract electronic manufacturing services to original equipment manufacturers and other technology companies. Its services include product realization services comprising product specification and supply-chain management; product assembly/manufacturing, configuration, and test; and order fulfillment, logistics, and service/repair.
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