SouFun Holdings Ltd. (NYSE:SFUN) announced that it will change the ratio of its American Depositary Receipts representing Class A ordinary shares from one (1) American depositary share (“ADS”) for four (4) Class A ordinary shares to one (1) ADS for one (1) Class A ordinary share. The record date for the ratio change is at the close of business on February 10, 2011 (U.S. EST). For SouFun’s ADS holders, this ratio change will have the same effect as a 4-for-1 ADS split. There will be no change to SouFun’s Class A ordinary shares. Furthermore, no action by ADS holders is required to effect the ratio change. The effect of the ratio change on the ADS trading price on New York Stock Exchange is expected to take place on February 18, 2011 (U.S. EST).
SouFun Holdings Ltd. provides marketing, listing, technology, and information consultancy services to real estate and home furnishing industries in the People’s Republic of China. It offers marketing services primarily through advertisements on its soufun.com Website to real estate developers in the marketing phase of new property developments, as well as to real estate agencies, and home furnishing and improvement vendors who wish to promote their products and services.
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.
Gold prices surged above $1,400 an ounce in December of 2010 as a weaker dollar pushed investors into the safe haven of precious metals.
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
Power3 Medical Products, Inc. (PWRM.OB) tests are designed to analyze an individual’s proteins to detect the presence of disease, a patient’s disease progression, a patient’s response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.
PWRM applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which it has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer’s, Parkinson’s, and ALS diseases, for which it is currently engaged in Phase II clinical trials.
* Alzheimer’s disease is among the most well known form of dementia, a broad term when it comes to forgetfulness and other intellectual abilities critical enough to obstruct everyday life.
* Cancer of the breast is a form of cancer in which cells in the breast split and also grow without usual control.
* Parkinson’s disease (PD) is associated with a team of disorders called motor system disorders, which are the result of the losing of dopamine-producing brain cells. Some fundamental symptoms of PD are generally tremor, or moving in hands, arms, legs, jaw, and face; hardness, or maybe tightness of the limbs and trunk; bradykinesia, or slowness of movement; and postural lack of stability, or reduced balance as well as co-ordination.
* Amyotrophic lateral sclerosis (abbreviated ALS, also referred to as Lou Gehrig’s disease) is a form of motor neuron disease. ALS is a progressive, fatal, neurodegenerative disease caused by the degeneration of motor neurons, the nerve cells in the central nervous system that control voluntary muscle movement. The condition is often called Lou Gehrig’s disease in North America, after the famous New York Yankees baseball player who was diagnosed with the disease in 1939.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).
For more information about this company please visit http://www.power3medical.com
Wimm-Bill-Dann Foods OJSC (NYSE:WBD) announced the acquisition of Opolie Holding Company CJSC in Vladimir region, Central Russia. Opolie is a leading milk processor in the region and ranks among Russia’s top-10 dairy companies. This acquisition is in line with Wimm-Bill-Dann’s stated strategy of expanding its business through the purchase of successful companies with strong market positions in their respective regions and a sustainable raw-milk supply base. Opolie Holding Company consists of three milk plants in Yuriev Polsky, Lakinsk and Suzdal, processing a total of over 300 tons of milk per day.
Wimm-Bill-Dann Foods OJSC manufactures and sells dairy, beverage, and baby food products primarily in the Russian Federation. Its principal dairy products include sterilized and pasteurized milk, and butter and cream, as well as traditional sour-milk products, such as kefir, cottage cheese, soft cottage cheese, and sour cream; yogurts and dairy desserts, such as traditional and drinking yogurt, fruit-flavored milk, puddings, and flavored cottage cheese; and cheese products, including hard yellow and processed cheese.
Entergy Corporation (NYSE:ETR) announced the election of former U.S. Sen. Blanche Lambert Lincoln to its board of directors.”We are pleased to add to the Entergy Board of Directors someone of Senator Lincoln’s intellectual depth and wide range of experiences and accomplishments,” said J. Wayne Leonard, Entergy’s chairman and chief executive officer. “Her leadership in finding common ground and practical solutions for today’s critical economic, environmental, social, and demographic issues made her one of the most respected members of Congress. Her advice and counsel will be invaluable to the board, shareholders and customers as we continue to define the corporation’s role in the evolving world of increased transparency and social responsibility in the pursuit of the public good.”
Entergy Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It primarily engages in electric power production and retail electric distribution operations.
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