Calgary, AB 11/12/2007 7:35:00 PM
News / Stocks

GEMINI EXPLORATIONS INC UPDATES LOS CHORROS PHASE TWO WORK PROGRAM

 

Stocks to Watch: Gemini Explorations, Inc.  (OTCBB: GXPI), Perficient, Inc.  (NasdaqGS:PRFT) , Firstgold Corp.  (OTCBB: FGOC), Parlux Fragrances, Inc.  (Nasdaq:PARL), True Product ID, Inc. (OTC BB:TPDI)

Featured Stock: Gemini Explorations, Inc.

(OTCBB: GXPI)

Current Price (0.16)

www.SmallCapStockAnalyst.com

 

GEMINI EXPLORATIONS INC UPDATES LOS CHORROS PHASE TWO WORK PROGRAM

 

Calgary, AB - November 12, 2007--Gemini Explorations Inc, (“Gemini”) OTCBB:GXPI, is pleased to report that Minera Primecap Geological Services (MPGS) has commenced work on a detailed topographical survey of the Los Chorros Gold Project. The survey will be detailed on a 1:1000 scale with contours spaced every 5 meters. Minera Primecap Geological Services (MPGS) will perform the survey and detailed map preparation. MPGS has also reported that the drill program along the main vein be set at 50 meter spacings with depths ranging between 160 and 340 meters. Carlos Alberto Vera, Chief geologist of MPGS believes that if the predicted drill program throws positive results the resource estimate would be increased by 30% in the exposed areas of the mine.

 

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.

 

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

Suite 103, 240-11th Ave SW

Calgary, AB T2R 0C3

 

http://www.geminiexploration.com/  email: info@geminiexploration.com

 

IR info: 1 877 700 1644

 

 

 

 

 

 

For an in-depth analyst report, please visit: www.SmallCapStockAnalyst.com

 

Perficient, Inc.

(NasdaqGS:PRFT)

Current Price (17.82)

http://www.smallcapstockanalyst.com/

AUSTIN, Texas--Nov. 8--Perficient, Inc. (NASDAQ: PRFT - News) a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today reported financial results for the quarter ended September 30, 2007.  “In the third quarter we posted record revenues, cash flow and earnings,” said Jack McDonald, Perficient’s chairman and chief executive. “Our 40% year-over-year growth in non-GAAP earnings per share exceeded analyst expectations and demonstrates the operating and earnings leverage inherent in our model. We achieved record EBITDA margins, north of 20% excluding stock compensation, which allowed the Company to fully fund the cash portion of our largest acquisition to date, Boldtech Systems, and still exit the quarter with no debt outstanding. In addition, we have issued fourth quarter revenue guidance in-line with the analysts’ consensus estimate. With strong cash flows, no debt and nearly $50 million of borrowing capacity available, we continue to aggressively pursue a strong M&A pipeline.”                   Perficient is a leading information technology consulting firm serving Global 2000 and enterprise customers throughout North America. Perficient’s 1,400 professionals serve clients from a network of 18 offices in North America and two offshore development centers, including a CMMI Level 4 certified global development center in China. Perficient helps clients use Internet-based technologies to improve productivity and competitiveness, strengthen relationships with customers, suppliers and partners and reduce information technology costs. Perficient, traded on the Nasdaq Global Select Market(SM), is a member of the Russell 2000® index and the S&P SmallCap 600 index. Perficient is an award-winning "Premier Level" IBM business partner, a TeamTIBCO partner, a Microsoft Gold Certified Partner, a Documentum Select Services Team Partner and an Oracle-Siebel partner. For more information, please visit www.perficient.com.

 

Firstgold Corp.

(OTCBB: FGOC)

Current Price (0.85)

http://www.smallcapstockanalyst.com/

CAMERON PARK, CA--Nov 9, 2007 -- Firstgold Corp. (OTC BB:FGOC.OB - News) announces the initial results of its current Relief Canyon drilling program. Of the 120 holes currently permitted, 58 reverse circulation drill holes, totaling 13,095 feet, have been completed. Fire assays have been returned from ALS-Chemex for the first 34 of these holes. The program is designed to evaluate three specific exploration target areas, and includes plans to assess gold content on the existing heaps. A complete overview of Firstgold Corp.'s planned exploration activities can be found at (http://www.firstgoldcorp.com/Presentations/PCRC_Overview_07_11_09.pdf)                    Firstgold Corp. engages in the acquisition, development, exploration, and production of gold-bearing properties in North America. Its principal property includes the Relief Canyon mine project in Nevada, which consists of 78 claims, including 57 mill site claims and 21 unpatented mining claims. In addition, the company has a joint venture to explore additional mining properties known as the Red Caps Project and Crescent Valley Project comprising approximately 135 unpatented mining claims located in Lander County, Nevada. The company was founded in 1993 as Newgold, Inc. and changed its name to Firstgold Corp. in December 2006. The company is based in Sacramento, California.

 

 

Parlux Fragrances, Inc.

(Nasdaq:PARL)

Current Price (4.22)

http://www.smallcapstockanalyst.com/

FORT LAUDERDALE, FL--Nov 8, 2007 -- Parlux Fragrances, Inc. (NasdaqGS:PARL - News) announced today its results for the quarter and six months ended September 30, 2007. Net sales from continuing operations for the quarter were $37,353,423 compared to $27,120,626 in the same period of the prior year, an increase of 38%. Operating expenses from continuing operations were $13,725,114 compared to $15,139,974 in the prior year, a reduction of 9%. Operating income from continuing operations for the three-month period was $3,074,676 compared to a loss of ($1,930,384) in the prior year, while net income from continuing operations quadrupled to $1,961,852 compared to $465,771 in the prior year period. Net income for the three months ended September 30, 2007, was $2,031,498, or $0.10 per share on a fully diluted basis, compared to net income of $3,649,310 or $0.18 per share on a fully diluted basis in the prior year period, which included $3,183,539, or $0.16 per fully diluted share from discontinued operations.            Parlux Fragrances, Inc. engages in the creation, design, manufacture, distribution, and sale of fragrances and beauty-related products through specialty stores, department stores, and perfumeries worldwide. The company holds licenses to manufacture and distribute watches, cosmetics and handbags, purses and other small leather goods, and sunglasses, as well as to manufacture and sell fragrances and grooming items of PERRY ELLIS, PARIS HILTON, OCEAN PACIFIC, XOXO, GUESS?, and MARIA SHARAPOVA. It also has license agreements with GUND, Inc. to develop, manufacture, and distribute children's fragrances and related products on a worldwide basis under the babyGund trademark. In addition, Parlux's beauty-related products include body lotions, creams, shower gels, deodorants, soaps, and dusting powders. The company was incorporated in 1984 and is headquartered in Fort Lauderdale, Florida.

 

 

True Product ID, Inc.

(OTC BB:TPDI)

Current Price (0.07)

http://www.smallcapstockanalyst.com/

BEIJING & PHILADELPHIA--Nov. 9--True Product ID, Inc. (OTCBB:TPDI) today stated the following details previously reported in its Form 10-KSB filed October 2, 2007 relating to the agreement which its Chinese joint venture company affiliate, True Product ID Technology (Beijing) Limited ("TPID Beijing"), signed on August 27, 2007 with the State General Administration for Quality Supervision, Inspection and Quarantine of the People's Republic of China ("AQSIQ") to develop a national safety/security system for China's liquefied natural gas and other pressurized canisters and other special equipment (Contract No. 0076180):  As reported in its press release on August 27, 2007, the Company, through its Chinese joint venture affiliate, entered into a contract with the National Quality Inspection Department of the State General Administration for Quality Supervision, Inspection and Quarantine of the People's Republic of China ("AQSIQ"), to develop a national safety/security system for China's liquefied natural gas and other pressurized canisters and other special equipment.                            True Product ID produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company delivers turnkey solutions for governments, armed forces, and industry, through its own proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and or joint ventures. For more information about True Product ID, Inc., go to http://www.tpid.net. For more information about True Product ID Technology (Beijing) Limited, go to http://www.trueproductid.com/.


                    

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