NAR Issues Up to US$33,000,000 of Convertible Bonds Sep 9, 2010 09:26AM

Hong Kong, Sept 9, 2010 - (ACN Newswire) - North Asia Resources Holdings Limited ("NA" or the "Company") (stock code: 61) today announced that it has entered into a subscription agreement (the "Subscription Agreement") with Business Ally Investments Limited (the "Subscriber"), to issue up to US$33,000,000 aggregate principal amount of convertible bonds ("Convertible Bonds") due three years from the date of issue of the Convertible Bonds. The Subscriber is a wholly-owned subsidiary of CCB International Asset Management Limited which is in turn wholly-owned by CCB International (Holdings) Limited ("CCBI"). CCBI is the investment banking flagship established in Hong Kong and wholly-owned by China Construction Bank Corporation.

Under the Subscription Agreement, the Convertible Bonds will be issued in two tranches. The first tranche, US$30,000,000 principal amount of convertible bonds, will be issued on or before 20 September 2010, subject to the fulfillment of the conditions stipulated in the Subscription Agreement.

The Subscriber shall have the right to elect (a) to subscribe all or part of the second tranche of issuance or (b) not to subscribe the second tranche of issuance by serving a notice to the Company at or before 1:00 p.m. on 21 September 2010. If the Subscriber elects to subscribe all or part of the second tranche, up to US$3,000,000 principal amount of convertible bonds will be issued on or before 30 September 2010, subject to the fulfillment of the conditions stipulated in the Subscription Agreement.

The Convertible Bonds are convertible into shares at an initial conversion price of HK$1.70 per conversion share, representing a premium of approximately 18.88% to the closing price of HK$1.43 per share as quoted on The Stock Exchange of Hong Kong Limited on 8 September 2010.

Assuming the Convertible Bonds are fully subscribed and converted, a total of 150,441,175 conversion shares (the "Conversion Shares") will be issued by the Company, representing (i) approximately 19.35% of the Company's existing issued share capital of 777,527,325 shares; and (ii) approximately 16.21% of the Company's issued share capital as enlarged by the issue of the Conversion Shares upon full conversion of the Convertible Bonds. No immediate dilution effect on the shareholding of the existing shareholders is expected. The interest rate is 8.0% per annum on the outstanding aggregate principal amount of the Convertible Bonds.

The estimated net proceeds from the issue of the Convertible Bonds of approximately HK$243 million will be used for acquisition and general working capital of the Group.

Mr. Joseph King, Chairman of NAR, said, "We are very pleased to be able to attract new capital and a quality strategic investor like CCBI and hope to leverage on their group's vast resources and network in China to enhance NAR's competitiveness. The issue of the Convertible Bonds will strengthen our capital base immediately by providing extra funding in enabling the Group to seize the opportunities ahead. Other than keeping a close eye on other possible acquisitions in the future, we also plan to use these funds to facilitate present working capital of the Group, acquisition of iron concession in Mongolia, thereby bringing maximum returns to our shareholders."

About North Asia Resources Holdings Limited

North Asia Resources Holdings Limited (SEHK:OO61)and its subsidiaries entered into the resources mining business in Mongolia in December 2009. Subsequently, the Company acquired two alluvial gold mineral licenses in Mongolia. The Company now owns and operates an iron/copper and an alluvial gold mining project in Mongolia. Please visit www.northasiaresources.com.


Contact: Strategic Financial Relations Limited

Heidi So, +852 2864 4829, Email: heidi.so@sprg.com.hk
Joanne Lam, +852 2864 4816, Email: joanne.lam@sprg.com.hk
Jacky Choi, +852 2114 4953, Email: jacky.choi@sprg.com.hk
Jacqueline Yeung, +852 28644937, Email: jacqueline.yeung@sprg.com.hk
Fax +852 2804 2789 / 2527 1196

Copyright 2010 ACN Newswire. All rights reserved.


Coast Dental Bringing Healthy Smiles to Newnan, Georgia With New Office Sep 9, 2010 03:06AM

Coast Dental, the Southeast's leading dental provider, announces the grand opening of its 30th practice in Georgia. Coast Dental Newnan is located in Stonewall Square at 20 Baker Road. Coast Dental Newnan is conveniently located in Stonewall Square at 20 Baker Road, at the corner of Col. Joe M. Jackson Medal of Honor Highway. For a limited time, the practice is offering a free exam and x-rays to new patients who do not have dental insurance. Call the office at (678) 854-0169 for offer details and to schedule an appointment. The office is open from 8:30 a.m. to 5 p.m. Monday through Friday and also offers the convenience of online appointment scheduling athttp://www.CoastDental.com/Newnan. Dental emergencies and walk-ins are welcome and more than 200 dental insurance plans are accepted.

(Vocus) September 8, 2010 -- Dr. Carren Russell, the lead general dentist at the Newnan location, provides a full range of comprehensive dental services to adults and children starting at age three. She helps patients get healthy and beautiful smiles by offering dental exams, cleanings, periodontal (gum) therapy, fillings, crowns, bridges, dentures, partials, teeth whitening, veneers, bonding, implant restorations, extractions and root canals. Dr. Russell also offers advanced oral cancer screening exams with Identafi® 3000, the world’s first and only multispectral imaging device for detecting oral cancer, the sixth deadliest form of cancer, at its earliest and most curable stages. More than one-third of adults have not seen a dentist within the past 12 months, according to the U.S. Surgeon General report “National Call to Action to Promote Oral Health”. To encourage people to visit the dentist for the care they need, Coast Dental offers patients access to exclusive programs that make dental care more affordable. In addition to accepting most dental insurance plans, Coast Dental offers Smile Plus®, a discount dental plan for patients without dental insurance. Patients who join Smile Plus save an average of 30 to 60 percent annually on dental services. Coast Dental Newnan is offering a free one-year Smile Plus membership, a $75 savings. Contact the office for additional details. Coast Dental also offers patient financing and payment plans to qualified applicants. About Dr. Carren Russell Dr. Russell earned her dental degree from Howard University College of Dentistry in Washington, D.C., where she was awarded the National Dental Association Colgate-Palmolive Scholarship. Dr. Russell augmented her dental school training with a general practice residency program at St. Elizabeths Hospital in Washington, D.C. She earned her undergraduate degree in chemistry with a minor in biology at Xavier University in New Orleans. Dr. Russell enjoys giving back to the community through volunteer work. She attends a variety of continuing education courses to enhance her skills and stay current on new technologies and treatments. She is affiliated with the American Academy of General Dentistry and the American Dental Association. About Coast Dental Coast Dental is the Southeast’s leading provider of quality dental care with 120 affiliated dental practices in Florida and Georgia. The dentists and hygienists are employees or independent contractors of Coast Dental, P.A., Coast Florida, P.A., or Coast Dental of Georgia, P.C. Coast Dental Services Inc. is a management company that provides comprehensive, non-clinical business and administrative services to its affiliated dental practices. For more information, visit http://www.CoastDental.com. About Smile Plus® Smile Plus® is a discount dental plan, not a registered insurance plan. Smile Plus is accepted only at Coast Dental practices and cannot be used in combination with dental insurance or other discount dental plans. The offer for free enrollment expires August 28, 2011. Patients must enroll and receive treatment at the Newnan practice to be eligible. The discount applies only to the first year enrollment and is available only in the Newnan office. Smile Plus memberships expire one year from the date of enrollment. Smile Plus is a registered trademark of Coast Dental Services Inc.

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Read the full story at http://www.prweb.com/releases/CoastDental/Newnan/prweb4482564.htm.


Recently Published Book 'The House Hunt – A Guide To Buying Your First House' By Central Illinois Realtor® Greg Mccoy Is Featured In Chicago Tribune Website www.chicagonow.com Sep 9, 2010 03:00AM

Greg McCoy, local Realtor® and author of The House Hunt – A Guide To Buying Your First House was interviewed for a story on New Home Buyers written by Dan Rafter, online journalist and blogger for ChicagoNow, a website operated by the Chicago Tribune.

Chicago, IL (Vocus) September 8, 2010 -- Dan Rafter, online journalist and blogger with ChicagoNow — a website operated by the Chicago Tribune — writes about all aspects of residential real estate. Rafter recently interviewed central Illinois Realtor® and author Greg McCoy and featured McCoy and his book "The House Hunt – A Guide to Buying Your First House" on Rafter’s blog “Real Life Real Estate”. The interview was published on August 18, 2010 and can be found at: http://www.chicagonow.com/blogs/real-life-real-estate/2010/08/first-time-homebuyers-still-face-challenges.html

Author and local REALTOR® Greg McCoy’s recently published book "The House Hunt – A Guide to Buying Your First House" is an informative 77-page volume written in a concise, easy-to-read format that helps first-time home buyers prepare and know what to expect from the home-buying experience.

More about author Greg McCoy Author Greg McCoy is a full-time, licensed REALTOR® with a passion for working with first-time homebuyers. His recently-published book "The House Hunt – A Guide to Buying Your First House" is available available locally in I Know You Like a Book, (located at 4707 N. Prospect Road in Peoria Heights), on his website at http://www.GregMcCoy.com or by contacting him at (309) 687-4826.

McCoy is associated with REMAX Unlimited, located at 3622 N. Knoxville Ave in Peoria, IL. He holds the designation of GRI (Graduate REALTOR® Institute), as well as that of e-PRO, which indicates expertise in use and application of technology. McCoy began his career in real estate in 2002. Prior to that, he worked as a manufacturing engineer for 30 years, living for four of those years in Piracicaba, Brazil. McCoy is married to Betty McCoy and together they have three married children and several grandchildren.

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Read the full story at http://www.prweb.com/releases/2010/09/prweb4482554.htm.


Tilgin AB: Tilgin Launches Hosted Remote Management Service in the Cloud Sep 9, 2010 02:37AM

STOCKHOLM--(BUSINESS WIRE)-- Tilgin (STO:TILG), a leading solution provider of multiplay and next-generation broadband access, today announces its remote management solution, VCM, as a service in the cloud. Tilgin’s ACS, VCM, enables operators to expand their service offering while keeping control of operating costs. With the new hosted solution Tilgin can offer operators a lean and quick service introduction to their customers.

Tilgin ACS, VCM, is a system for automated service and device management of customer premises equipment, CPE, and the broadband services they enable.

The hosted solution is based on a software license model complemented with a support level that fits the operator. This gives a pay as you grow effect that optimizes the operator’s cash flow as subscriber acquisitions are made. By making remote management a cloud-based hosted solution Tilgin enables the operator to flexibly choose how to activate and grow its operations.

The hosting solution is based on a introduction process including test trial phases finalized in operational deployment of multimedia services. With this step-by-step implementation the service platform gradually evolves allowing a very lean and smooth service and subscriber activation, fully leveraging all previous efforts put into testing.

”Our clients claim Tilgin’s VCM to be one of the most easy to use and to operate of all ACS systems on the market”, says Eric Hjelmestam, VP of Product Management at Tilgin. “By offering VCM as a hosted solution we can serve our customers even better with an easier start-up and sharing of our expertise. In collaboration with our clients we continue to add VCM features for the most advanced market requirements”.

Another option for operators is to complement Tilgin’s hosted solution together with the Tilgin TR-069 CPE Interoperability Program, TIP, giving full flexibility in qualifying new Home Gateways, IPTV set-top boxes or other home-based devices. The service introduction process can be used with Tilgin Home Gateways as well as with third-party TR-069-based CPE’s. The hosting solution is based on a virtual host implementation that runs in a Storage Area Network environment. VCM supports redundant nodes, guaranteeing operational continuity of service deliveries. This is used in the hosting set-up where the operator data also is duplicated in geographically separated nodes.

Further reading at: http://tilgin.com/Products/Remote-Management/

About Tilgin Tilgin high-performance, software-controlled home gateways and remote management solutions turn online homes into a profitable business for operators and a personalized experience of quality and simplicity for their customers. Our telecom-grade solutions allow for managed services – for triple play and beyond – to be introduced instantly and individually. With easy integration in operational and business support systems, they substantially reduce operators’ cost while creating loyal and satisfied customers and a strong brand. Tilgin systems and solutions are used by more than 100 operators in more than 30 countries giving Tilgin a strong client base with a broad international reach. Tilgin was founded in 1997 and is listed at NASDAQ OMX Nordic Exchange in Stockholm. Tilgin is headquartered in Kista, Sweden, and the company has a network of international sales channels. For more information, please visit www.tilgin.com

A press & media kit is also available on Tilgin's website : www.tilgin.com/presskit

Notes to editors:Thanks to the advanced devices, including the associated client software being, amongst other things, pre-processed with the operator's different settings, and thanks to Tilgin's ACS solution making it easier for the operators to avoid having to implement technological configurations, subscriber management is simplified. This allows operators to offer consumers "plug & play", in other words, make it very easy for the end customer to get started and begin using broadband services. VCM also enables operators to continue developing their offering with new services and packages for subscribers.

VCM is often used by a large number of people in the operator's customer service team. VCM contains very useful tools for rapid and accurate identification of faults, time-programmed updates, security checks and the collection of statistics. By using VCM, customer service staff can remotely monitor and ensure the delivery of services to each and every consumer in a cost-effective manner. With its rating system, the administration of the system can be made more efficient and reliable operation is assured. For operators with a growing subscriber base, VCM offers an expanded security solution with optimal scalability so that even very large installations are ensured continuous and efficient operation. VCM also contains an interface that allows operators to integrate the solution with existing business systems such as those for service profiles and invoicing since VCM is often included as part of the operator's business systems (OSS/BSS) in which extensive integrations have been carried out to support fully automated delivery of the operator's service offerings. Features included in the latest version, VCM5, are among others the management of IPTV set-top boxes and the ability to monitor service quality.

This information was brought to you by Cision http://www.cisionwire.com

Tilgin ABEric Hjelmestam, VP Product Managementtel: +46 8 572 387 33eric.hjelmestam@tilgin.com

Source: Tilgin AB


Active Biotech to Present at the Rodman & Renshaw 12th Annual Healthcare Conference Sep 9, 2010 02:37AM

LUND, SWEDEN -- (MARKET WIRE) -- 09/09/10 -- Active Biotech (NASDAQ OMX Nordic: ACTI) is scheduled to present at the Rodman & Renshaw 12th Annual Healthcare Conference on Tuesday, September 14 at the New York Palace Hotel in New York City, US. During the presentation, an update regarding Active Biotech's development programs will be provided.

The presentation will include projects in or entering Phase III; laquinimod, a novel oral immunomodulatory drug for the treatment of multiple sclerosis, licensed to Teva Pharmaceutical Industries Ltd, the prostate cancer project TASQ and ANYARA, Active Biotech's novel concept for tumor therapy in a Phase III study for renal cell cancer. Also, the project 57-57 and the pre-clinical ISI project will be presented.

The audio and slide presentation will be webcasted live and can be accessed via the Active Biotech web site. To access the live and replay presentations please go to - www.activebiotech.com.

The presentation will take place on September 14, at 2:25 pm US Eastern Daylight Time / 20:25 Central European Summer Time.

About Active Biotech

Active Biotech AB (NASDAQ OMX NORDIC: ACTI) is a biotechnology company with focus on autoimmune/inflammatory diseases and cancer. Projects in or entering pivotal phase are laquinimod, an orally administered small molecule with unique immunomodulatory properties for the treatment of multiple sclerosis, TASQ for prostate cancer as well as ANYARA for use in cancer targeted therapy, primarily of renal cell cancer. In addition, laquinimod is in Phase II development for Crohn's and Lupus. Further projects in clinical development comprise the two orally administered compounds, 57-57 for SLE & Systemic Sclerosis and RhuDex for RA. Please visit www.activebiotech.com for more information.

Active Biotech is required under the Securities Markets Act to make the information in this press release public. The information was submitted for publication at 08:30 a.m. CEST on September 9, 2010.

Contacts:

Active Biotech AB
Gran Forsberg
VP Investor Relations & Business Development
P.O. Box 724, SE-220 07 Lund, Sweden
Tel: +46 (0)46-19 20 00
Fax: +46 (0)46-19 11 00

[HUG#1443195]

Active Biotech to present at the Rodman & Renshaw 12th Annual Healthcare Conference: http://hugin.info/1002/R/1443195/387407.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Active Biotech via Thomson Reuters ONE


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