Sino Clean Energy Inc. (OTC Bulletin Board: SCLX)
XI'AN, China, May 7 -- Sino Clean Energy Inc. (OTC Bulletin Board: SCLX; "Sino Clean Energy," or the "Company"), which produces and distributes coal-water slurry fuel in the People's Republic of China ("China"), today announced that it has engaged Ernst & Young (China) Advisory Limited ("E&Y") to assist the Company in evaluating its internal controls over financial reporting in accordance with the requirement of Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX 404").
The engagement of E&Y is designed to assist Sino Clean Energy with assessing and reporting to the Company management on the design effectiveness of its internal controls over financial reporting, and with testing the respective internal controls to assess the operating effectiveness of such controls. SOX 404 will also require an attestation report from the Company's external auditors in its Annual Report on Form 10-K.
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Legend International Holdings, Inc. (OTCBB:LGDI)
MELBOURNE, Australia—May 7-- Legend International Holdings, Inc. (OTCBB:LGDI) is pleased to announce that it has set a record date of June 4, 2010 for entitlements for the spin out of its diamond, gold and base metal interests.
On March 16, 2010, Legend announced that it plans to spin out, to a new Delaware corporation to be formed, the diamond, gold and base metal interests of Legend. Following the spin out, Legend will be a 100% pure phosphate company. Shareholders of Legend will receive shares of common stock in the new corporation on a pro-rata basis to the shares they hold in Legend, at the record date. The Company has commenced the preparation of the necessary documentation for the spin out.
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Bark Group Inc. (OTCBB: BKPG)
NEW YORK, NY -- 05/06/10 -- Bark Group Inc. (OTCBB: BKPG), an innovative integrated U.S. advertising and performance-based marketing company with a multinational client base, announced today that their affiliate, BARK Copenhagen A/S (Bark CPH), has been awarded the account of another international company, Sophion Bioscience A/S.
Sophion has awarded the account to Bark CPH in order to develop their new graphical profile and digital platform to create a new international brand identity.
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American Sierra Gold Corp. (OTCBB: AMNP)
RENO, NV -- 05/06/10 -- American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, is pleased to announce results of the on-going sampling program at its Discovery Day Gold Property and the planned commencement of a production test run.
During the period of March 23 to April 16 geological crews conducted systematic sampling at three underground locations in the Discovery Day mine. A total of 29 samples were taken at the "490" raise, "400" raise and at the end of the 72 crosscut. These three potential mining targets show strong structural anomalies with significant quartz veining. The sampling program was designed to determine ore grades and mining widths of these zones in order to evaluate production mining economics.
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Solar Energy Initiatives, Inc. (OTCBB: SNRY)
PONTE VEDRA BEACH, FL -- -- 05/06/10 -- Solar Energy Initiatives, Inc. (OTCBB: SNRY), with businesses in solar project development, distribution and workforce training, announced today the company has initiated phase 1 of a 1 MW solar energy installation on a southeast municipality. The 500 KW project is fully funded and expected to recognize $2 million in revenue in the 4th quarter ended July 31, 2010.
SNRY Power, a wholly owned subsidiary of Solar Energy Initiatives, will provide energy cost savings to the school district through a newly implemented solar energy solution consisting of 2275 solar panels installed on a 4.6 acre site . This project will reduce hazardous carbon dioxide emissions by 768 tons annually. The Company utilized local contractors, a local funding source and a strategic solar installation company to install the solar system at no "out of pocket" expense to the school district. Under a Power Purchase Agreement ("PPA") SNRY Power will supply the solar equipment and balance of system for the school district project and will receive revenue through the sale of the solar energy to the school district over a 20-year contract period.
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