LodgeNet Interactive Corporation (Nasdaq:LNET) announced a strategic alliance under which LodgeNet Broadband will market Freedom Internet, the just-released hospitality enterprise software developed by DOCOMO interTouch, along with Nomadix's full range of access gateways.
LodgeNet Interactive Corporation provides interactive media and connectivity solutions for the hospitality industry in the United States, Canada, and Mexico. The company’s guest entertainment services include on-demand movies, on-demand games, music and music video, Internet on television, and television on-demand.
Douglas Lake Minerals is focused on exploring for gold on its two strategically located properties – the Handeni Gold Project and the Mkuvia Alluvial Gold Project.
The 800 square kilometer Handeni is located directly adjacent to Canaco’s highly prospective Handeni Gold Project (CAN.V). The 380 square kilometer Mkuvia alluvial gold property is being developed by joint-venture partners.
Douglas Lake Minerals (OTCBB:DLKM) has provided an update regarding its recently acquired Handeni Project which is located in the rapidly developing region of eastern Tanzania.
Douglas Lakes’ is 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 km(2) which are directly adjacent to, and partly surround, Canaco Resources Inc’s (V.CAN) 200 km(2) Kilindi license which holds the Magambazi gold mineralization occurrence.
Douglas Lake Successfully Delineates Structural Controls on Gold Mineralization in the Four Handeni Project PLs
This exploration phase included a fixed-wing aircraft flown aeromagnetic and radiometric survey at a line spacing of 200m and a height of 80m, subsequent interpretation of data and ground follow-up.
The survey and interpretation was conducted according to internationally accepted standards by the Council for Geoscience, South Africa
Interpretation of aeromagnetic data was successful in delineating prominent structural features including NW-SE shear zones of which five in the Company’s property area, with a total length of 143km, are given first order priority.
These shear zones and their distances within the Company’s properties are: 1 - Southwestern shear zone (31km); 2 - Kimamba shear zone (41km); 3 - Kilima Mzinga - Kwandege main shear zone (28km); 4 - Mligazi shear zone (15km); and 5 - Magambazi - Mjembe (28km) shear zone.
The Company has identified three further key elements in the delineation of gold mineralization which includes the prominence of NE-SW lineaments (seven in total), the role of SW to NE thrust planes and the use of radioelements to outline potential target areas.
Three major SW to NE thrusts planes were also identified: a main thrust zone of 46km; and two additional thrusts zones of 5km and 3km each. In addition to the key elements sheath folding, open folds (2km to 10km scale) and boudinage provide additional targets with a second order priority.
More about DLKM at: www.douglaslakeminerals.com
Rock of Ages Corp. (Nasdaq:ROAC) announced that Institutional Shareholder Services ("ISS"), an independent proxy advisory firm, has recommended that Rock of Ages stockholders vote "For" the proposal to approve the merger agreement by and among Rock of Ages, Swenson Granite Company LLC ("Swenson Granite") and Granite Acquisition, LLC, a limited liability company wholly owned by Swenson Granite, at Rock of Ages' special meeting of shareholders scheduled for January 18, 2011.
Under the terms of the merger agreement, shareholders of Rock of Ages' Class A and Class B common stock (other than those shareholders contributing their shares to Swenson Granite prior to the merger or properly asserting dissenters' rights under the Vermont Business Corporation Act) will have their common stock converted into the right to receive $5.25 per share in cash without interest.
Rock of Ages Corporation, together with its subsidiaries, engages in quarrying and manufacturing granite memorial products primarily used in cemeteries. It offers granite quarry products, which include granite blocks that are used for memorials and buildings, as well as for building granite uses, such as building cladding, tiles, pavers, steps, countertops, and other building products.
GreenHouse Holdings, Inc. (OTCQB:GRHU) a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, announced that the Company is completing the necessary steps to Up-List its shares to a senior U.S. stock exchange. In order to facilitate the transition, GreenHouse established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors.
“Graduating to a senior U.S. exchange is a high priority for the company given the progress we have made in securing multiple contracts with the U.S. Military and Fortune 100 industrial customers,” said John Galt, GreenHouse Founder and Executive Chairman. “We believe transitioning to a larger exchange is the next logical step in the Company’s future growth and will allow us to gain exposure and be recognized by a broader segment of the investment community.
We have witnessed that a number of companies which Up-List to national exchanges experienced impressive increases in liquidity. GreenHouse is confident that now is the appropriate time to move to a senior exchange, as our operations have increased both domestically and abroad. The Up-Listing will allow us to attract additional investors as we strive to improve shareholder value.”
The Board of Directors has now announced that they have made the following appointments in advance of the planned Up-Listing:
* Sy Siegel as the Chair of the Audit Committee;
* Charles Allured as the Chair of the Compensation Committee; and
* General Floyd Trogden as the Chair of the Nominating Committee.
GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world’s most innovative environmental, public safety, infrastructure technologies.
Cypress Bioscience, Inc. (Nasdaq:CYPB) announced that V&O Acquisition has successfully completed its cash tender offer to purchase all of the outstanding shares of Cypress Bioscience, Inc. (Nasdaq:CYPB) ("Cypress") not already owned by it or its subsidiaries for $6.50 per share in cash. The tender offer expired, as scheduled, at 12:00 Midnight, New York City time, on Wednesday, January 5, 2011.
Cypress Bioscience, Inc. provides therapeutics and personalized medicine services in the United States. The company focuses on addressing the needs of physicians and their patients by identifying unmet medical needs in the areas of pain, rheumatology, and physical medicine and rehabilitation, including challenging disorders, such as fibromyalgia and rheumatoid arthritis.
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