Rainmaker Systems Inc. (Nasdaq:RMKR) a leading global provider of ecommerce solutions and telesales services that drive more revenue for clients and their channel partners, announced it has signed agreements for telesales services with two new clients that include a global solutions provider for data backup, recovery and archive, and a leading developer of laboratory management and genetic analysis software. These new customers highlight a trend in the lead development marketplace, recently validated by Rainmaker’s 2011 Online Imperatives research study. This business-to-business research study highlights a 25% year-over-year growth in the number of marketing qualified leads delivered to sales. As companies continue to see an increase in the number of marketing leads, inside sales teams are being inundated and many of their prospects are being abandoned.
Rainmaker Systems, Inc. provides sales and marketing solutions, combining hosted application software, and execution services to enterprises operating in the computer hardware and software, telecommunications, and financial services industries. Its services include service contract sales and renewals, software license sales, subscription renewals, and warranty extension sales; lead generation, qualification, and management; and hosted application software for training sales.
Majestic Gold Corp. (TSX.V:MJS)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic is headquartered in Vancouver, Canada.
Song Jiaguo Project
The Song Jiaguo Property is located on the Jiaodong Peninsula in Muping County, the Shandong Province, the People’s Republic of China. The property lies on the western edge of the Muping-Fushan Gold Belt, which hosts 20% of the known gold deposits on the Jiaodong Peninsula. Gold production from the entire peninsula accounts for over 25% of China’s annual gold production, presently estimated to be 288 tonnes or 9.3 M ounces. Gold deposits in the belt are commonly controlled spatially by fault zones. To the south of the property, the Pengjiakuang Gold Deposit (>650,000 oz) occurs in the same structural environment within Cretaceous Laiyiang conglomerates which underlie the Song Jiaguo Property.
Project Highlights:
- Situated in a well-known Gold Belt
- Existing NI 43-101 Resource Estimate (2.5 M ounces)
- In production – 1,400 tpd operation
- Mill expansion program underway = an increase in production within six months
- Contract mining = low production cost
- Management with proven track record
- Excellent entry point = low market cap
Sawayaerdun Project
Sale of Assets 2009: On April 21, 2009, Majestic announced that it had negotiated an agreement to sell its 72% joint venture interest in the Sawayaerdun gold project in Tianshan Province, China to its Chinese co-venturers for approximately C$7,350,000.
The purchasers, Xinjiang Baodi Mining Ltd. and Brigade No. 2 of Xinjiang Geography & Mine Exploration and Development Bureau, are the Company’s dual partners in Xinjiang Majes Mining Inc., the Chinese joint venture company originally established to develop the Sawayaerdun project. On May 14, 2009, the agreement was granted final acceptance by the TSX Venture Exchange.
Project Highlights:
- Historical Resource >3.0 Mi oz Au reported on license (not NI 43-101 compliant)
- Includes >1.4 Mi oz Zone IV
- Proven geological model – in prolific gold belt
- Immense gold system (>5km X >2km)
- Over 120 trenches identifying 22 gold zones on surface
- 4 main zones with combined surface trace over 11.5 km
- Previous trenching and drilling results demonstrated good continuity of gold mineralization laterally and down dip
To learn more about Majestic visit: http://www.majesticgold.net
Ocean Bio-Chem Inc. (Nasdaq:OBCI) announced its financial results for the three and nine months ended September 30, 2010. For the nine month period ended September 30, 2010, the Company reported record net income attributable to Ocean Bio-Chem Inc. of approximately $1,618,000, compared to approximately $831,000 for the comparative period of 2009, an increase of $787,000 or 95%. The Company also reported record net sales for the nine months ended September 30, 2010, of approximately $21,570,000 compared to approximately $18,731,000 for the comparative 2009 period an increase of $2,839,000 or 15%. Basic earnings per share was $0.21 and diluted earnings per share was $0.19 per share for 2010, compared to $0.11 earnings per share both basic and diluted for 2009.
Ocean Bio-Chem, Inc. engages in the manufacture, marketing, and distribution of various appearance and maintenance products for boats, recreational vehicles, automobiles, and aircrafts under the Star brite brand name, as well as private label formulations in the United States and Canada. The company?s marine product line consists of polishes, cleaners, protectants, and waxes of various formulations.
Orofino Gold Corp. (ORFG.PK)
San Carlos – Senderos de Oro Area: Geologically similar to Angostura and Ventana but higher grade, open at depth and to the west toward La Azul.
The observed metallogenic zonation around Senderos de Oro evokes a very viable “hidden porphyry” exploration model. Based upon exploration carried out to date, it is clear that the area hosts significant resources of gold, copper and silver, which, facilitated by the current database and favorable topography, has generated excellent “fast-trackable” bulk-tonnage or high-grade underground Au-Ag-Cu exploration targets.
Culo Alzado: Regional geochemistry (stream sediments & soils) has outlined three potential areas for more detailed exploration.
All areas have similar NE�trending structural control, historic workings.
Most advanced target � 1500 meters long with many historic tunnels and rock sample results up to 253.1 g/t gold; pending soil grind results, drilling planned in 2011.
The observed metallogenic zonation around Senderos de Oro evokes a very viable “hidden porphyry” exploration model. Based upon exploration carried out to date, it is clear that the area hosts significant resources of gold, copper and silver, which, facilitated by the current database and favorable topography, has generated excellent “fast-trackable” bulk-tonnage or high-grade underground Au-Ag-Cu exploration targets. ORFG will be mobilizing drills in the first quarter of 2011.
To learn about ORFG visit: http://www.orofinogold.com
National Coal Corp. (Nasdaq:NCOC) Reported Third Quarter 2010 Results. Third quarter 2010 revenues totaled approximately $9.7 million. During the three months ended September 30, 2010, National Coal reported a net loss from continuing operations of $3.7 million, compared to a net loss from continuing operations of $4.5 million for the third quarter 2009. During the three months ended September 30, 2010, National Coal reported an Adjusted EBITDA of ($0.9) million, compared to $0.1 million for the third quarter of 2009. The Company has agreed, subject to shareholder approval, to be acquired by Ranger Energy for $1.00 per share.
National Coal Corp. engages in mining, processing, and selling bituminous steam coal primarily to electric utilities and industrial companies in East Tennessee. As of April 22, 2010, its mining complexes included one active underground mine and one active surface mine. National Coal Corp. markets its products through employees, consultants, and independent coal brokers in the southeastern region of the United States. The company was founded in 2003 and is based in Knoxville, Tennessee.
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