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We Would Love To Tell You We Told You So!! Sign Up For The Hottest Free Newsletter Now!! SRGL::"Source Gold Corp Identifies High Grade Gold and Copper From Initial Sampling Program"
(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (OTCBB: SRGL) Source Gold Corp., (PINKSHEETS: RBTI) Red Branch Technologies, Inc., (NASDAQ: ASTI) Ascent Solar Technologies, Inc., (NASDAQ: JOSB) JoS. A. Bank Clothiers, Inc., (NASDAQ: CBAK) China BAK Battery, Inc., (NASDAQ: FLWS) 1-800-Flowers.com, Inc.
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(OTCBB: SRGL - Source Gold Corp.)
LATEST NEWS!!
Source Gold Corp Identifies High Grade Gold and Copper From Initial Sampling Program
Dec 02, 2009 -- Source Gold Corp. (OTCBB: SRGL) is pleased to announce that the company has received initial results from samples assayed by Accurassay Laboratories in Thunder Bay, Ontario, Canada. The samples were taken from the KRK West Property in the Beardmore-Geraldton Greenstone Belt in Northwestern Ontario, Canada.
Based upon the initial exploration program of trenching, channel sampling, geological mapping and a TEM survey covering our claim group on over 15 square miles of the KRK West Property, the Company has identified three main areas of interest.
The first area of interest is the Little Brother Claim Group, where a number of samples were taken from an area along a northern grandiorite with intermediate volcanics, which yielded visible gold occurrences. Assay results from this initial sampling program have yielded very encouraging high-grade gold assays of 9.55/oz per ton (270.74 grams/ton). Separate samples assayed from this area have similarly yielded very high-grade copper of 15.5%.
The second area of interest is close to the eastern portion of the property east of Peddle Lake. This area is the most active on the property where a number of drill collars belonging to a previous operator were drilled during the 1970's. The ground observations in the trenches and historical assessment have indicated a large disrupted zone carrying high gold and silver values.
The third area of interest is the most westerly area of the property near Musca Lake, along a continuous shear zone. The Musca Lake zone consists of a quartz flooded shear which pinches and swells along its strike length.
"These high-grade gold and copper assay results are amongst the highest values I have witnessed to date in my career," Lauren Notar, President of Source Gold Corp. comments. "We are very excited by our initial trenching and sampling program which has uncovered a number of highly mineralized areas of interest. As more samples are assayed, we look forward to better understanding the distribution of the occurrences and controls on mineralization within our claim group." The Company will continue with an aggressive exploration program, centered on the major fault lines and areas of interest which traverse our mineral claims. Accurassay Laboratories is currently processing more than 250 trench samples from the Company's three main areas of interest on the KRK West Property, and further assay results are expected within the next few weeks.
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(PINKSHEETS: RBTI - Red Branch Technologies, Inc.)
LATEST NEWS!!
Red Branch Technologies Offers Mobile Security Platforms to Growing Energy Concerns in Iraq and Afghanistan
ASHBURN, VA, Dec 01, 2009 -- Red Branch Technologies, Inc. (PINKSHEETS: RBTI) announced today the company's mobile security platforms could be a potential solution for the ongoing energy problems realized by the U.S. military in Iraq and Afghanistan. Energy usage and logistics in both regions have created serious challenges for the U.S. military. Millions of gallons of fuel have been provided since "surge" operations began some estimates equaling twice the amount of North Korea's oil consumption.
Red Branch's sustainable energy powered solutions could potentially address some of the challenges currently being experienced in Iraq and Afghanistan by the U.S. military according to Jeff Sirianni, CEO of Red Branch Technologies, Inc. Red Branch's solutions provide extended periods of deployment on a mobile platform allowing for multiple integrated sources of energy in order to meet energy requirements.
Sirianni said, "Iraq and Afghanistan have been starving for energy and it is to a point where energy is becoming a national security issue in the eyes of the military. We believe our products have a variety of applications which would fit very well under these circumstances giving us the unique ability to fulfill a need in two regions of the world where access to energy is incredibly crucial." About Red Branch Technologies, Inc.: Red Branch Technologies provides sustainable-energy-powered solutions meeting commercial, industrial, municipal and federal requirements for site security, materials control, emergency communications, water purification and similar on-site applications. The company's ability to simultaneously manage multiple renewable energy sources allows Red Branch Technologies powered solutions to stay up and running longer than the competition. Mobility is another differentiating aspect of Red Branch Technologies' solutions.
The company also offers a unique set of security products for military and law enforcement applications where cost/performance represents a critical selection factor. The application areas include Explosive Ordinance Disposal (EOD) robots, vehicular inspection and Unmanned Aerial Vehicles (UAVs).
More detailed information can be found at www.RedBranchTech.com.
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(NASDAQ: ASTI - Ascent Solar Technologies, Inc.)
LATEST NEWS!!
Ascent Solar to Present at Upcoming Investor Conferences
THORNTON, Colo., Dec 02, 2009 -- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced that it will present to the investment community at the following investor conferences during the month of December 2009.
-- December 3, 2009 at the J.P. Morgan Eleventh Annual SMid Cap Conference to be held on December 2-3, 2009 at the J.P. Morgan Conference Center at 383 Madison Avenue in New York City.
-- December 9, 2009: Barclays Capital 2009 Global Technology Conference being held at the Fairmont Hotel in San Francisco, California on December 8 - 9.
-- December 10, 2009: Bloomberg Tradebook, LLC and Brigantine Advisors LLC, Tech Trends in 2010 Conference being held in New York, NY.
About Ascent Solar Technologies: Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.AscentSolar.com.
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(NASDAQ: JOSB - JoS. A. Bank Clothiers, Inc.)
LATEST NEWS!!
HAMPSTEAD, Md., Dec 02, 2009 -- JoS. A. Bank Clothiers, Inc. (Nasdaq Global Select Market: JOSB) announces that net income for the third quarter of fiscal year 2009, as compared to the third quarter of fiscal year 2008, increased 26% to $11.7 million. Earnings per share for the third quarter of fiscal year 2009 increased 26% to $0.63 per share, as compared to $0.50 per share for the third quarter of fiscal year 2008. Total sales for the third quarter of fiscal year 2009 increased 8.1% to $161.3 million from $149.3 million in the third quarter of fiscal year 2008, while comparable store sales increased 3.3% and Direct Marketing sales increased 21.2%. The third quarter of fiscal year 2009 ended October 31, 2009; the third quarter of fiscal year 2008 ended November 1, 2008.
"Despite the continued pressure we are facing from the difficult national economy, our business model is performing very well," commented R. Neal Black, President and CEO of JoS. A. Bank Clothiers, Inc. "With this quarter's results, we have achieved earnings growth in 32 of the past 33 quarters when compared to the respective prior year periods, including 14 quarters in a row," continued Mr. Black.
Comparing the first nine months of fiscal year 2009 with the first nine months of fiscal year 2008, net income increased 27% to $35.7 million, as compared to $28.0 million and earnings per share increased 27% to $1.93 per share, as compared to $1.52 per share. Total sales for the first nine months of fiscal year 2009 increased 9.7% to $491.0 million from $447.4 million for the first nine months of fiscal year 2008 while comparable store sales increased 4.6% and Direct Marketing sales increased 7.4%.
A conference call to discuss the third quarter of fiscal year 2009 earnings will be held Thursday, December 3, 2009 at 11:00 a.m. Eastern Time (ET). To join in the call please dial (USA) 888-781-3339 or (International) 703-546-4240 at least five minutes before 11:00 a.m. ET. A replay of the conference call will be available after 1:00 p.m. ET on December 3, 2009 until December 10, 2009 at 11:59 p.m. ET by dialing (USA) 800-475-6701 or (International) 320-365-3844. The access code for the replay will be 125369. In addition, a webcast replay of the conference call will be posted on the investor relations section of our website: www.josbank.com (select "Company Information" and "Investor Relations").
All earnings per share amounts in this news release represent diluted earnings per share.
JoS. A. Bank Clothiers, Inc., established in 1905, is one of the nation's leading designers, manufacturers and retailers of men's classically-styled tailored and casual clothing, sportswear, footwear and accessories. The Company sells its full product line through 474 stores in 42 states and the District of Columbia, a nationwide catalog and an e-commerce website that can be accessed at www.josbank.com. The Company is headquartered in Hampstead, Md., and its common stock is listed on the Nasdaq Global Select Market under the symbol "JOSB."
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(NASDAQ: CBAK - China BAK Battery, Inc.)
LATEST NEWS!!
China BAK Reports Fourth Quarter and Fiscal Year 2009 Financial Results
SHENZHEN, China, Dec 02, 2009 -- China BAK Battery, Inc. ("China BAK", the "Company", or "we") (Nasdaq: CBAK), one of the largest lithium-ion battery cell manufacturers in the world, as measured by production output, today announced its financial results for the fourth quarter ("Q409") and fiscal year ended September 30, 2009 ("FY09").
Recent Achievements and Highlights -- We saw strong recovery from the downturn with sequential growth in revenue ($57.6M) and operating cash flow ($5.8M) in Q409 as compared to Q309; -- Profitability further improved with higher gross margin (14.1%,) and smaller loss ($1.4M) than Q309; -- We have successfully established ourselves as a major competitor in the cylindrical cell market; revenues from cylindrical cells in FY09 increased to $55.3 million, up 30.0% from FY08;.
-- Revenues from prismatic battery packs increased to $8.9 million or 15.5% of revenues in Q409, becoming our third largest revenue source, in response to customer needs; -- In November 2009, BAK Tianjin signed Letters of Intent with Tianjin Qingyuan Electric Vehicle Co., Ltd., Dongfeng Electric Vehicle Co., Ltd.
and Brilliance Auto Engineering Research Institute for providing high-power batteries for use in electric cars, and with Suzhou NOAHtek Electric Bicycles Co., Ltd. for providing high-power batteries for use in electric bicycles; -- We raised $20.6 million in a Registered Direct Offering in October 2009, which will further strengthen our financial position and improve the operating flexibility.
Fourth Quarter FY09 Financial Results Net revenues for the fourth quarter of FY09 were $57.6 million, up 28.8% from $44.7 million last quarter and down 20.9% from $72.7 million in the same quarter of last year.
Financial Condition On September 30, 2009 China BAK had $30.7 million in cash and cash equivalents and negative $46.3 million in working capital, reflecting a current ratio of 0.83:1. Short-term bank loans and long-term bank loans totaled $194.8 million as compared to $191.4 million on June 30, 2009. Shareholders' equity totaled $156.6 million. China BAK had $49.6 million available for borrowing under its credit facilities.
Business Outlook "In FY09, we have weathered the economic crisis relatively well and grown our business by starting shipments to a tier 1 OEM notebook computer customer. We've also made in-roads in the New Energy/Clean Tech sector by providing samples of power cells to auto manufacturers and received favorable comments. We believe we will continue to grow in FY10 and be one of the few winners in this industry," commented Mr. Xiangqian Li, CEO of China BAK.
"We are pleased to see steady increase in revenue, gross margin and operating cash flow since Q2FY09 amid economic recession. Operating measures such as DSO, inventory turns have also rebounded in Q4FY09 to near pre-downturn levels. We will continue to exercise prudence and drive for operating excellence," commented Tony Shen, CFO of China BAK.
China BAK expects that FY10 revenue will fall in the range of $270 million to $310 million, which, at the low point of the range, will represent a 28% growth from FY09, and that bottom line of FY10 will be break-even to slightly profitable.
Conference Call China BAK will host a conference call at 8:00 a.m. ET on Wednesday, December 2, 2009 to discuss results for the fourth quarter of FY09 ended September 30, 2009. Joining Xiangqian Li, China BAK's President and Chief Executive Officer on the call will be Tony Shen, Chief Financial Officer. To participate in the conference call, please dial the following number approximately fifteen minutes prior to the scheduled conference call time: 800-688-0796. International callers should dial (617) 614-4070. The pass code for the call is 976-118-60. If you are unable to participate in the call at this time, a replay will be available from 10:00 a.m. ET on Wednesday, Dec. 2, 2009 through 10:00 a.m. ET, Wednesday, Dec. 16, 2009. To access the replay, please dial 888-286-8010. International callers should dial (617) 801-6888. The pass code for the replay is 699-49-859. The conference call will be broadcast live over the Internet and can be accessed by all interested parties on the China BAK website at http://www.bak.com.cn/ . To listen to the live webcast, please go to the China BAK's website at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software. For those unable to participate during the live broadcast, shortly after the call a replay will be made available on China BAK's website for 90 days.
About China BAK Battery Inc.
China BAK Battery, Inc. is one of the largest manufacturers of lithium-based battery cells in the world, as measured by production output. It produces battery cells that are the principal component of rechargeable batteries commonly used in cellular phones, notebook computers and portable consumer electronics, such as digital media devices, portable media players, portable audio players, portable gaming devices, and PDAs. China BAK Battery, Inc.'s 3.0-million-square-foot facilities are located in Shenzhen and Tianjin, PRC, and have been recently expanded to produce new products.
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(NASDAQ: FLWS - 1-800-Flowers.com, Inc.)
LATEST NEWS!!
1-800-FLOWERS.COM(R) Supports Marine Toys for Tots Foundation
--1-800-FLOWERS.COM Creates Toys for Tots Holiday Collection to help deliver holiday magic to children across the nation
QUANTICO, Va., Dec 02, 2009 -- This holiday, 1-800-FLOWERS.COM, Inc. (Nasdaq: FLWS), the world's leading florist and gift shop, supports the Marine Toys for Tots Foundation through its new Toys for Tots Collection of holiday flowers and gifts. In an effort to help spread the warm and fuzzy feeling to children in need, 1-800-FLOWERS.COM will donate 10% of the Net Proceeds from product orders from its Toys for Tots Holiday Collection to the Marine Toys for Tots Foundation.
"With 1-800-FLOWERS.COM, we will be able to plant a seed of hope in many more children this holiday season," says Lt. General Pete Osman, USMC (Ret), President and CEO of Marine Toys for Tots Foundation. "With the support of 1-800-FLOWERS.COM, we hope to achieve our goal of delivering toys to children throughout the United States." "1-800-FLOWERS.COM is excited to team up with Marine Toys for Tots Foundation to help deliver the magic of the holidays," said Jim McCann, Founder and CEO 1-800-FLOWERS.COM. "With the Toys for Tots Holiday Collection, both 1-800-FLOWERS.COM and its customers will have the opportunity to support this important campaign and help children in need." 1-800-FLOWERS.COM has launched a Secret Santa application in support of Marine Toys for Tots Foundation which is accessible via Facebook. 1-800-FLOWERS.COM encourages visitors to share the 1-800-FLOWERS.COM's Secret Santa application and help spread the warm fuzzy feeling this holiday season. In addition to the donation of 10% of the Net Proceeds from product orders from its Toys for Tots Holiday Collection, 1-800-FLOWERS.COM will make an added donation as visitors share the application through December 20, 2009.
According to the most recent U.S. Census, there are an estimated 13 million children in the United States living in poverty. As a result, Toys for Tots conducts many activities throughout the year which help generate toy and monetary donations to aid in the development of underprivileged children in the U.S. 1-800-FLOWERS.COM and Toys for Tots are committed to improving the lives of children in communities across the country, therefore, pairing their collective resources will move both organizations closer to achieving that goal.
For additional information, please visit www.1800flowers.com/toysfortots.
About 1-800-FLOWERS.COM, Inc.
1-800-FLOWERS.COM, Inc. is the world's leading florist and gift shop. For more than 30 years, 1-800-FLOWERS.COM, Inc. has been providing customers with fresh flowers and the finest selection of plants, gift baskets, gourmet foods, confections, balloons and plush stuffed animals perfect for every occasion. 1-800-FLOWERS(R) (1-800-356-9377 or www.1800flowers.com), was listed as a Top 50 Online Retailer by Internet Retailer in 2006, as well as 2008 Laureate Honoree by the Computerworld Honors Program and the recipient of ICMI's 2006 Global Call Center of the Year Award. 1-800-FLOWERS.COM offers the best of both worlds: exquisite arrangements created by some of the nation's top floral artists and hand-delivered the same day, and spectacular flowers shipped overnight from its Fresh From Our Growers(R) collection. As always, 100% satisfaction and freshness are guaranteed. The Company's BloomNet(R) international floral wire service provides (www.mybloomnet.net) a broad range of quality products and value-added services designed to help professional florists grow their businesses.
The 1-800-FLOWERS.COM, Inc. "Gift Shop" also includes gourmet gifts such as popcorn and specialty treats from The Popcorn Factory(R) (1-800-541-2676 or www.thepopcornfactory.com); cookies and baked gifts from Cheryl&Co.(R) (1-800-443-8124 or www.cherylandco.com); premium chocolates and confections from Fannie May(R) confections brands (www.fanniemay.com and www.harrylondon.com); wine gifts from Ambrosia(R) (www.ambrosia.com) and Geerlings&WadeSM (www.geerwade.com); gift baskets from 1-800-BASKETS.COM(R) (www.1800baskets.com) and DesignPac(R) gifts (www.designpac.com) and Celebrations(R) (www.celebrations.com), a new premier online destination for fabulous party ideas and planning tips. Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS.
About the Marine Toys for Tots The Marine Toys for Tots Foundation is a not for profit organization authorized by the U.S. Marine Corps and the Department of Defense to provide fundraising and other necessary support for the annual Marine Corps Reserve Toys for Tots Program. Now in its 62nd year, Toys for Tots provides joy and a message of hope to economically disadvantaged children through the gift of a new toy during the Christmas holiday season. Our gifts offer these children hope, recognition and a positive memory they will cherish for a lifetime. Many of the gifts we provide, such as books, games and sports equipment, make a significant contribution to the educational, social and recreational development of these children. In 2008, Marines distributed gifts to 7.6 million children in over 600 communities nationwide. The Marine Toys for Tots Foundation relies on individual donations from the American public as well as support from corporate sponsors, to include its Four Star Partners Hasbro, Inc; JAKKS Pacific, Inc; Scholastic and Toys "R" Us, Inc. For more information, visit www.toysfortots.org.
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