Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), WordLogic Corporation (OTC BB:WLGC.OB), Revlon, Inc. (NYSE:REV), Gran Tierra Energy Inc. (OTC BB:GTRE), Kimball International, Inc. (NasdaqGS:KBALB)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.20)
GEMINI EXPLORATIONS INC PROVIDES SECOND PAYMENT TO ACQUIRE THE LOS CHORROS GOLD MINE
~Los Chorros Gold Mine: a producing gold project in Antioquia,
Calgary, AB -- November 7, 2007-- Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is pleased to announce that it has executed the second payment of US$40,000 as outlined in the definitive agreement to acquire the Los Chorros Gold Mine, a producing gold property in the El Bagre-Zargoza mining district, department of Antioquia, Colombia. Gemini has acquired an 80 percent majority controlling interest in the property for the sum of U$100,000 and the issuance of 2,500,000 restricted shares of GXPI. The company has paid US$50,000 to date in two separate payments leaving US$50,000 to complete the acquisition. Gemini has first right of refusal to acquire the remaining 20 % interest in the mine within 18 months of the Effective Date.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and Gemini believes that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. Gemini reported on November 5, 2007 that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
The total cost of the project is estimated to be US$595,900, adding a contingency factor of 30% would bring the maximum projected total to US$774,700.The reports were prepared by general manager Juan Fernando Restrepo and chief geologist Carlos Alberto Vera of Minera Primecap Geological Services (MPGS) of
Historically one of the largest gold producing countries in the world,
Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of the gold production of the property to be acquired, the low capital costs to upgrade the Los Chorros operating plant, the assumed production and net cash flow.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Michael Hill
President
Gemini Explorations, Inc
http://www.geminiexploration.com/ email: info@geminiexploration.com
IR info: 1 877 700 1644
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WordLogic Corporation
(OTC BB:WLGC.OB)
Current Price (3.85)
VANCOUVER, British Columbia--Nov. 6--WordLogic Corporation (OTCBB:WLGC - News), a leading-edge developer and licenser of advanced multilingual predictive text input software, announced today that the U.S. Patent and Trademark Office (USPTO) has issued the Company’s pioneer Patent No. 7293231 titled “Data Entry for Personal Computing Devices.” The Patent is owned by the Company’s wholly-owned subsidiary, 602531 British Columbia Ltd. A copy of the Patent can be obtained from the USPTO web site, located at www.uspto.gov. WordLogic Corporation is a technology company that delivers predictive interface solutions for computing devices ranging from small hand-held devices such as PDAs to laptops and tablet PCs to conventional desktop computers. Incorporated in the
Revlon, Inc.
(NYSE:REV)
Current Price (1.19)
Adjusted EBITDA1 increased to $43.9 million, compared to an Adjusted EBITDA loss of $25.1 million. Vital Radiance, executive severance and restructuring expenses affected comparability of the 2007 over 2006 period. In the third quarter 2006, these items collectively reduced net sales by approximately $15 million, reduced operating profitability by approximately $72 million and reduced Adjusted EBITDA by approximately $64 million. The third quarter of 2007 included restructuring expenses of $0.5 million. Revlon is a worldwide cosmetics, skin care, fragrance and personal care products company. The Company’s vision is to deliver the promise of beauty through creating and developing the most consumer preferred brands. Websites featuring current product and promotional information can be reached at www.revlon.com, www.almay.com and www.mitchumman.com. Corporate and investor relations information can be accessed at www.revloninc.com. The Company’s brands include Revlon®, Almay®, Ultima®, Charlie®, Flex® and Mitchum®.
Gran Tierra Energy Inc.
(OTC BB:GTRE)
Current Price (1.84)
CALGARY, Canada--Nov. 5--Gran Tierra Energy Inc. (GTRE.OB) today announced that the company’s senior management will discuss the company’s results of operations for the third quarter ended September 30, 2007 during a conference call scheduled for Thursday, November 8, 2007, at 11:00 a.m. Eastern Time. The company’s financial results for the third quarter are scheduled to be released earlier that day. What: Gran Tierra Energy Inc.'s Third Quarter 2007 Results Conference Call
When: Thursday, November 8, 2007, 11:00 a.m. Eastern
Web cast address: http://www.streetevents.com, http://www.fulldisclosure.com
Dial-in Numbers: (800) 561-2813 (domestic) or (617) 614-3529 (international), pass code # 48159097 Contact: Al Palombo, Cameron Associates, (212) 245-8800 Ext. 209, al@cameronassoc.com Gran Tierra Energy Inc. is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra holds interests in producing and prospective properties in
Kimball International, Inc.
(NasdaqGS:KBALB)
Current Price (13.15)
JASPER, Ind.--Nov. 5--Kimball International, Inc. (NASDAQ:KBALB - News) today reported sales of $333.9 million and income from continuing operations of $6.6 million, or $0.17 per Class B diluted share, for the first quarter of fiscal year 2008, which ended September 30, 2007. Kimball International, Inc. provides a variety of products from its two business segments: the Furniture segment and the Electronic Manufacturing Services segment. The Electronic Manufacturing Services segment provides engineering and manufacturing services which utilize common production and support capabilities to a variety of industries globally. The Furniture segment provides furniture for the office and hospitality industries, sold under the Company's family of brand names.
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