|
InvestSource, Inc.: Large Data Set Acquired by Wave Uranium
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:24072008
Stocks in the news: Wave Uranium (OTCBB: WAVU), Diamond Discoveries
International Corp. (OTC BB: DMDD), Birch Mountain Resources Ltd. (BMD:
TSX and AMEX), Caterpillar Inc. (NYSE: CAT)
July 22, 2008 - Wave Uranium (OTCBB: WAVU) today announced it has
acquired an extensive data set that covers its Grand County, Utah
properties.
The data consists of more than 500 gamma-ray logs of boreholes drilled
by four different companies and the Federal Government in and
immediately adjacent to Wave's Grand County property holdings. Also
present are grade-thickness calculations for the boreholes, a surface
radiometric map, and borehole location maps and data.
After analysis and verification of the data, the results will be used
to guide Wave's own exploration drilling.
July 23, 2008 - Diamond Discoveries International Corp. (OTC BB: DMDD)
a U.S. exploration company focusing on diamonds, precious and base
metal exploration in the province of Quebec is pleased to announced
that it has engaged Westminster Securities Corporation (Westminister)
to render capital market consulting services. Westminister shall
consult with the company concerning the U.S. capital markets, access to
financing, merger and acquisition opportunities and such other matters
as DMDD may reasonably request to its interest as a public company.
Antonio Sciacca C.E.O of Diamond Discoveries stated, "DMDD recognizes
the importance of experienced guidance from a seasoned Wall Street firm
such as Westminster in evaluating the financial and growth initiatives
that unfold as we execute our business plan. We look forward to our
relationship with Westminster and will keep our shareholders apprised
of material developments as they occur."
July 23, 2008 - Birch Mountain Resources Ltd. ("Birch Mountain" or the
"Company") (BMD: TSX and AMEX) announces that the Special Committee of
independent directors and the Board have determined that it is
imperative to pursue an immediate sale of the Company to unlock maximum
value for its shareholders. The Company believes that the current lack
of liquidity has compressed Birch Mountain's share price to a level
significantly below its underlying value.
The Company reports that it is has received notice of an event of
default in connection with the financial covenants in the loan
agreement with its senior secured lender. Discussions are ongoing with
the senior secured lender through the Special Committee and its
financial advisor RBC Capital Markets.
It is the Company's belief that an immediate and focused sale process
will maximize value. In the event this immediate sales process does not
achieve an acceptable price, the Company intends to work with its
stakeholders to recapitalize the balance sheet to improve liquidity and
permit delivery of the business plan.
July 23, 2008 - Caterpillar Inc. (NYSE: CAT) has announced a
groundbreaking alignment with BHP Billiton (NYSE: BHP) to develop an
autonomous mining haulage system. The agreement couples the market
leader in mining equipment with the world's largest diversified natural
resources company.
As part of the alignment, Cat and BHP Billiton are launching joint
autonomous mining haulage development programs. The companies'
development program includes enhancing the existing mining trucks by
integrating them with robust autonomous sub-systems many of which are
Caterpillar technologies already proven in the marketplace. The
companies plan to have autonomous trucks at selected mine sites by 2010.
Autonomous technology is designed to provide productivity gains through
more consistency in processes. It is expected that autonomous mining
will help minimize environmental impact by both improved efficiency and
overall mine safety. The collaboration further illustrates both
companies' commitment to sustainable development.
Caterpillar officials anticipate announcing further details of the
product introduction timeline this September at MINExpo 2008.
Market Wrap for July 23, 2008 -
The stock market settled with a modest gain of 0.4% in volatile and
heavy trade.
Defensive investments, such as the utilities sector (-2.3%),
underperformed.
Consumer discretionary stocks rose 2.0%, with homebuilders climbing
4.0%. Automakers rose 3% after General Motors (GM 14.60, +0.28)
forecast a 2.5% increase in global 2008 auto sales. Retailers advanced
(+2.4%).
Oil prices fell 3.1% to $124.48 per barrel, marking its lowest level in
more than six weeks.
The drop in oil prices weighed heavily on the energy sector (-3.8%),
but provided a huge lift to airline stocks (+8.5%).
Commodities as a whole fell 1.7%, with gold shedding 3.1% as the dollar
rose 0.5%. As a result, the materials sector (-1.7%) underperformed.
The financial sector managed to rally to as high as +4.6% gain on news
that the House of Representatives had agreed to vote on the bill to aid
Fannie Mae (FNM 15.00, +1.59) and Freddie Mac (FRE 10.80, +1.10).
Financials settled the day with a gain of 1.9%. The financial sector is
up 34% since July 15, but is still down 23% this year.
ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO
TO: www.investsourceinc.com.
Coming in late Summer of this year: Go Baby GO!!! The first book of its
kind on the OTCBB and Pink Sheet Markets
www.gobabygobook.com .
To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to
www.ceo-corner.com This opinion contains forward-looking statements
that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
a solicitation to buy or sell securities. InvestSource, Inc. has
prepared all material herein based upon information believed to be
reliable. The information contained herein is not guaranteed by
InvestSource, Inc. to be accurate, and should not be considered to be
all-inclusive. The companies that are discussed in this release have
not given an opinion or approved the statements made in this release.
This release may contain statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E the Securities Exchange Act of 1934,
as amended. The words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend," and similar expressions and
variations thereof are intended to identify forward-looking statements.
Investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors. The information contained in an InvestSource profile is
provided as an information service only. The accuracy or completeness
of the information is not warranted and is only as reliable as the
sources from which it was obtained. InvestSource has agreed to be
compensated 2,500,000 unrestricted shares of WAVU for services rendered.
CONTACT: InvestSource, Inc
e-mail: info@investsourceinc.com
WWW: http://www.investsourceinc.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
[ Back to the VoIP Services Community's Homepage ]
|
INDUSTRIES
Activate Email 
