Vista Gold Corp. Announces Transaction with Invecture Group to Advance the Concordia Gold Project in Mexico Feb 7, 2012 10:17PM

DENVER, Feb. 7, 2012 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Corporation") is pleased to announce that it has entered into an Earn-in Right Agreement (the "Agreement") with Mexico-based Invecture Group, S.A. de C.V. ("Invecture") with respect to Vista's Concordia gold project in Baja California Sur, Mexico.  Invecture is the owner of Frontera Copper Corporation, which owns and operates the Piedras Verdes Copper Mine in the Mexican State of Sonora.  A conference call with management to discuss this transaction is scheduled for Monday, February 13, 2012 at 11:00 a.m. MST.

Vista holds the Concordia gold project through its wholly-owned, Mexican subsidiary, Desarrollos Zapal, S.A. de C.V. ("DZ Mexico").  Under the terms of the Agreement, Invecture has agreed to make a non-refundable payment of US$2.0 million in exchange for the right to earn a 60% interest (subject to adjustment) in DZ Mexico (the "Earn-in Right").  The Earn-in Right will expire if not exercised by February 7, 2014, subject to extension in certain circumstances (the "Earn-in Period").  The Agreement provides that during the Earn-in Period, Invecture will, at its sole expense, manage and operate the Concordia gold project and will undertake all commercially reasonable efforts to obtain the Change of Forest Land Use Permit ("CUSF") and the Authorization of Environmental Impact which are required to develop the project.  Invecture has advised that it will secure US$70.0 million in project debt finance to construct the Concordia gold project after it has exercised the Earn-in Right and after a project development decision has been made. Once Invecture has earned its interest in the Concordia gold project, the parties have agreed to evaluate market conditions with regard to the future organization and ownership structure of DZ Mexico.

Commenting on this transaction with Invecture, Fred Earnest, President and CEO of Vista, said, "Our team in Mexico has worked hard to advance the Concordia gold project.  This investment by Invecture represents a vote of confidence that the Concordia gold project represents an excellent opportunity to develop a new mine that we expect will make an important contribution to employment and to the economy in Baja California.   We and Invecture believe that the environmental impacts of the development of a mine can be limited and that the benefits to the state and local communities will far outweigh these concerns.  We believe Invecture's in-country experience, financial strength, and committed management team make Invecture an excellent strategic partner to take the lead in securing the authorizations and financing required to bring Concordia into production."  

The Agreement provides that the exercise of the Earn-in Right by Invecture is conditional upon, among other things: (i) receipt of the CUSF and the Authorization of Environmental Impact; (ii) the completion of a feasibility report on the Concordia gold project which updates the existing feasibility report with respect to costs; (iii) Invecture funding the Concordia gold project during the Earn-in Period; and (iv) Invecture making an additional payment of US$20.0 million to DZ Mexico, which amount will be used to repay intercompany loans owed by DZ Mexico to Vista. 

During the Earn-in Period and subject to the terms of the Agreement, Vista will hold 40% of the DZ Mexico shareholder voting rights.  The remaining 60% of the DZ Mexico shareholder voting rights will be held in a trust that will be instructed by representatives from Vista and Invecture.  Upon Invecture's exercise of the Earn-in Right, Vista will continue to hold a 40% interest (subject to adjustment) in DZ Mexico and the Concordia gold project.  

As part of the Agreement, DZ Mexico has transferred all of its other material assets, including the mill equipment acquired by Vista for the Concordia gold project in 2008 and the Guadalupe de los Reyes gold/silver project, to other entities in the Vista group of companies.  Vista has granted Invecture the option to cause DZ Mexico to acquire the mill equipment for US$16.0 million plus storage, insurance and transportation costs and any applicable taxes.  This option is exercisable by Invecture during the first 12 months after the date of the Agreement. 

Mr. Earnest went on to conclude, "With Concordia being funded and managed by a very capable Mexican partner, we are able to fully focus our energy and resources on the development of the Mt. Todd gold project in Northern Territory, Australia, and on the exploration and evaluation of the Guadalupe de los Reyes gold/silver project in Sinaloa, Mexico.  We have drilling programs underway at both of these projects, and in the coming weeks, we expect to announce the results of a definitive feasibility study for the Mt. Todd gold project, which will be a significant milestone in our development of that world class project."

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. After the initial public offering of the common shares of Midas Gold Corp. ("Midas"), Vista held approximately 30% of Midas' common shares. Midas has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit Vista's website at www.vistagold.com.

About Invecture Group, S.A de C.V.

Invecture Group holds approximately $500 million in assets, is owned by Mexican investors and owns Frontera Copper Corporation whose principal asset is the Piedras Verdes copper mine in the State of Sonora, Mexico. It acquired Frontera in 2009 and has executed a significant turnaround in operational, financial and community relationship terms. This included restarting the Piedras Verdes mine, raising US$140 million to acquire mining equipment, build a crushing, screening and stacking circuit and a major upgrade to the management team.

Management Conference Call

A conference call with management to discuss this transaction is scheduled for Monday, February 13, 2012 at 11:00 a.m. MST.

Toll-free in North America:  1-866-443-4188International:  1-416-849-6196

This call will also be web-cast and can be accessed at the following web location:            http://www.snwebcastcenter.com/event/?event_id=2580

This call will be archived and available at www.vistagold.com after February 13, 2012.  Audio replay will be available for three weeks by calling in North America:  1-866-245-6755, passcode 827120.

If you are unable to access the audio or phone-in on the day of the conference call, please feel free to email questions to Connie Martinez, Manager - Investor Relations, (email: connie@vistagold.com), and we will try to address these questions prior to or during the conference call.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the timing of the expiry of the Earn-in Period, the exercise of the Earn-in Right by Invecture, Vista's continued interest in DZA Mexico after the exercise of the Earn-in Right, the receipt of the required mining authorizations in respect of the Concordia gold project, the completion of an updated feasibility report on the Concordia gold project, the payment by Invecture of costs associated with the Concordia gold project, the payment by Invecture of US$20 million to DZA Mexico to exercise the Earn-in Right and the subsequent repayment of intercompany loans, the anticipated benefits of the Earn-in Right Agreement, the ability of Invecture to assist with the advancement of the Concordia gold project, including acceleration of efforts and receipt of authorizations required for the Concordia gold project, the evaluation of strategic alternatives for the Concordia gold project, development of a mine at the Concordia gold project and the resulting contribution to employment and the economy in Baja California, environmental impact of development on the mine, benefit to local and state communities as a result of development of a mine at the Concordia gold project, timing for and announcement of the definitive feasibility study for the Mt. Todd gold project and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "could," "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, risks associated with reliance on Invecture, risks related to timing, completion and results of feasibility studies, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to cost increases for capital and operating costs; risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q, as filed November 9, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.


AsiaInfo-Linkage, Inc. Special Committee Selects Financial Advisor Feb 7, 2012 10:00PM

BEIJING and SANTA CLARA, Calif., Feb. 7, 2012 /PRNewswire-Asia-FirstCall/ -- AsiaInfo-Linkage, Inc. (Nasdaq: ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunications software solutions and related services, today announced that its Special Committee of the Board of Directors (the "Special Committee"), which was formed to consider a proposal by Power Joy (Cayman) Limited ("Power Joy"), a wholly owned subsidiary of CITIC Capital China Partners II, L.P., pursuant to which Power Joy proposes to acquire all of the outstanding shares of common stock of the Company in cash at a price which represents a premium over the current stock price ("Proposal"), and any potential alternative transactions involving the Company, has retained Goldman Sachs (Asia) L.L.C. as its financial advisor to assist it in consideration of such matters.  The Company's Board and the Special Committee cautions the shareholders and others considering trading in its securities that the Special Committee is continuing its evaluation of the Proposal.  There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

About AsiaInfo-Linkage, Inc.

AsiaInfo-Linkage, Inc. is a leading provider of high-quality software solutions and IT services in China's telecommunications industry.  Following the merger between AsiaInfo Holdings, Inc. ("AsiaInfo") and Linkage Technologies International Holdings Limited ("Linkage") on July 1, 2010, AsiaInfo-Linkage leverages both AsiaInfo's and Linkage's leading market positions and complementary customer bases to provide a robust, comprehensive service offering primarily to China's telecom operators.  AsiaInfo-Linkage's world-class R&D capabilities and extensive base of highly skilled engineers provide best-of-class solutions to help customers differentiate themselves from the competition.

For more information about AsiaInfo-Linkage, please visit www.asiainfo-linkage.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.  These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially and adversely from those expressed in the statements.  Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission.  The information contained in this document is as of February 7, 2012. AsiaInfo-Linkage does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Mr. Jimmy Xia AsiaInfo-Linkage, Inc. Tel: +86-10-8216-6039 Email: ir@asiainfo-linkage.com

Mr. Justin Knapp Ogilvy Financial, Beijing Tel: +86-10-8520-6556 Email: asia@ogilvy.com

In the United States:

Ms. Jessica Barist Cohen Ogilvy Financial, New York Tel: +1-646-460-9989 Email: asia@ogilvy.com

SOURCE AsiaInfo-Linkage, Inc.


Manentine's Day Launches to Celebrate the Man in the Relationship Feb 7, 2012 09:57PM

STAMFORD, Conn., Feb. 7, 2012 /PRNewswire-iReach/ -- Manentine's Day is on March 14th and is like Valentine's Day, but celebrates the man in the relationship. The holiday encourages couples to dine at manly restaurants, buy manly gifts, and do manly activities. Even single men can enjoy Manentine's Day by celebrating their friendship with their bros.

(Logo: http://photos.prnewswire.com/prnh/20120207/CG49527)

The holiday provides a platform for significant others to show appreciation for their men and brings an element of equality to the relationship. If a woman enjoys a great Valentine's Day, she now has the opportunity to reciprocate one month later, by treating her man to his own special day on March 14th.

Manentine's Day is not only a fun holiday to celebrate, but also a great stimulator for the economy. The holiday will drive new business and increase consumer spending during the month of March, which in the past did not benefit from a holiday that encouraged activities, dinners, and gifts.

The official Manentine's Day website (www.OfficialManentinesDay.com) serves as a hub for the holiday, offering a great resource for how people can celebrate the day. The site currently includes information about the top manly restaurants, activities, bars, clubs, gifts, and clothing stores across 20 of the largest cities in the US. The structure for the website is based around the "10 Rules for Manentine's Day" which were created to help plan the best possible holiday for men.

Here are the "Official 10 Rules for Manentine's Day":

  1. Plan for Your Man!
  2. Dress To Impress
  3. Present A Man Bouquet
  4. Do Something Sporty
  5. Go To A Manly Restaurant
  6. Cook or Bake Something
  7. Surprise Him With A Gift
  8. Do Something Relaxing
  9. Stroke His Big Ego
  10. Sexy-Time

The Official Manentine's Day website is also hosting several contests including a "Why I Love Manentine's Day" video contest, a contest for the best Manentine's Day product ("swag") design, and a contest where one lucky man will be crowned "St. Manentine." In addition, there is an interactive element to the site where individuals can ask the founder of Manentine's Day, "Valentina," any question that they have about the holiday or relationships.

For More Information: www.OfficialManentinesDay.com

Media Contact: Jenna Dreher of Manentine's Day, +1-812-483-3097, info@officialmanentinesday.comNews distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Manentine's Day


CFIA/Expanded Allergy Alert: Undeclared Egg, Milk and Wheat in Certain Bin Bin Brand Spicy Snow Rice Crackers Feb 7, 2012 09:55PM

OTTAWA, ONTARIO -- (MARKET WIRE) -- 02/07/12 -- The public warning issued on January 30, 2012 has been expanded to include another product and additional allergens.

The Canadian Food Inspection Agency (CFIA) is warning people with allergies to egg, milk and wheat not to consume the Bin Bin brand Spicy Snow Rice Crackers described below. The affected product contains egg, milk and wheat which is not declared on the label.

All codes of the following product are affected by this alert: 


----------------------------------------------------------------------------
Product                                        Size                      UPC
----------------------------------------------------------------------------
Bin Bin brand Spicy Snow Rice Crackers         145g          8 852098 703163
----------------------------------------------------------------------------

This product has been distributed nationally.

There have been no reported allergic reactions associated with the consumption of this product.

Consumption of this product may cause a serious or life-threatening reaction in persons with allergies to egg, milk and wheat.

The CFIA is working with the Canadian importers to remove the affected product from the marketplace. The CFIA is monitoring the effectiveness of the recall.

For more information, consumers and industry can call the CFIA at 1 800 442-2342 / TTY 1 800 465-7735 (8:00 a.m. to 8:00 p.m. Eastern time, Monday to Friday).

For information on egg, milk and wheat, three of the nine most common food allergens, visit the Food Allergens web page at: http://www.inspection.gc.ca/english/fssa/labeti/allerg/allerge.shtml.

For information on all food recalls, visit the CFIA's Food Recall Report at: http://active.inspection.gc.ca/eng/corp/recarapp_dbe.asp.

To find out more about receiving recalls by e-mail, and other food safety facts, visit: www.foodsafety.gc.ca. Food and consumer product recalls are also available at http://www.healthycanadians.gc.ca. 

Contacts:
Canadian Food Inspection Agency
Media Relations
613-773-6600

Source: Canadian Food Inspection Agency


Universal Travel Group Appoints Chief Operating Officer and New Board Members Feb 7, 2012 09:41PM

SHENZHEN, China , Feb. 7, 2012 /PRNewswire-Asia-FirstCall/ -- Universal Travel Group (NYSE: UTA) ("Universal Travel Group" or the "Company"), a leading travel services provider in China offering package tours, air ticketing, and hotel reservation services online and via customer service representatives, today announced that it has appointed Mr. Jun Liu as Chief Operating Officer of the Company. Ms. Moling Shang and Mr. Jun Liu have been appointed to the Board of Directors.

Mr. Jun Liu has nearly 20 years of experience working in the travel industry. Mr. Liu joined Universal Travel Group in November 2009 and served as Universal Travel's Deputy General Manager. He began his career in the hotel industry in 1988 working at the Beijing Likang Hotel. From 1993 through 2004, Mr. Liu served as General Manager of Beijing Likang Hotel as well as General Manager of Beijing Likang Travel Agency from 1997 through 2004. During his tenure, the revenue of Beijing Likang Travel agency more than doubled. In 2004, Mr. Liu established Beijing Hongtai International Travel agency where he served as General Manager. Mr. Liu graduated from the Party School of Beijing Municipal Party Committee of Economic Management.

Ms. Moling Shang has served during her career in several jobs in the communications division of the Central Committee of the Communist Party of China (CPC). From 1984 through 1996, Ms. Shang was the Chief of the Propaganda Department in the Information Bureau of the CPC's Central Committee. From 1996 to 1999, Ms. Shang served in numerous positions including Associate Director of News Agency for China Central Television and her previous role as the Chief of Propaganda. Following her successful completion of her previous roles, Ms. Shang was appointed Deputy Chief of Propaganda in the Organization Department of the CPC Central Committee where she was responsible for the Three Represents campaign from 1999 through 2002. From 2002 to 2010, she served as Deputy Chief of the Information Bureau of the CPC Central Committee. Ms. Shang graduated from the Branch School of Peking University.

About Universal Travel Group

Universal Travel Group Inc. (NYSE: UTA) is a leading China-based travel services provider, focusing on the domestic tourism market for leisure and corporate travel and offering packaged tours, air ticketing, and hotel reservation services. The Company targets geographic expansion in underpenetrated travel markets in central and western China; and it has established a second operation base in Chongqing. With the Chinese disposal income continuing to rise driving demand for domestic leisure services, the Company continues to benefit and dominate packaged tour businesses. The Company operates multi-channels sales with 24 hour call centers, online website, owned and franchised sales offices and various wholesale channels. For more information, please visit Universal Travel Group's website at us.cnutg.com

For investor and media inquiries, please contact: 

Mr. Jing XIE, Secretary of Board & Interim Chief Financial OfficerUniversal Travel Group Inc. Tel: 86-755-86319549 Fax: 86-755-86319348 06@cnutg.comWebsite: us.cnutg.com

ChristensenKimberly MinarovichTel: +1 212 618 1978Kminarovich@ChristensenIR.com

Christian ArnellTel: +86 10-5826-4939carnell@ChristensenIR.com

SOURCE Universal Travel Group


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