LOS ANGELES, Dec. 4 /PRNewswire/ -- Yogen Fruz, the world's leading frozen yogurt conglomerate, announced today the launch of its holiday themed "NUmixes" -- Yog-Nog and Mint Chocolate Chip. On December 7, the new festive mixes will be unveiled at Yogen Fruz stores across North America. Yogen Fruz's low-calorie Yog-Nog and Mint Chocolate Chip flavors will offer customers a guilt-free dessert alternative to indulge in this holiday season.
"We are always looking for unique and exciting ways to serve our signature frozen yogurt," says Aaron Serruya, President of Yogen Fruz. "As we continue to expand our NUmixes portfolio, we anticipate a great response with the introduction of our healthy holiday-inspired flavors."
The naturally flavored Yog-Nog and Mint Chocolate Chip NUmixes set an exciting trend in the frozen yogurt category as customers enjoy the same, unparalleled, quality of Yogen Fruz's proprietary frozen yogurt mixed with a new variety of scrumptious flavors and toppings. Yog-Nog is mixed with non-fat frozen yogurt and eggnog spice, paired with a decadent rolled wafer. Mint Chocolate Chip is made with non-fat frozen yogurt mixed with mint and chocolate topped with chocolate curls.
Yogen Fruz is offered in low-fat, non-fat and no-sugar-added frozen yogurt, which can be custom blended with a large assortment of fresh fruit right in front of the customer and topped with fruit and/or sweet crunchy toppings in a cup or blended into a nutritious fat-free, ice-free dairy or non-dairy smoothie. Yogen Fruz adds one billion viable probiotic cultures to each serving of healthy yogurt. Probiotics have been shown to help with healthy digestion and immune system support.
For more information please visit: www.yogenfruz.com
About Yogen Fruz
Yogen Fruz USA Inc., is a subsidiary of Yogen Fruz Canada Inc., a world leader in the frozen dessert category, with over 1,200 locations operating in over 25 countries around the world. Yogen Fruz pioneered the frozen dessert/snack business when it opened its first store in 1986. Today, with its new assortment of proprietary probiotic frozen yogurt, smoothies and recently launched NUmixes, including Key Lime Pie, Pina Colada and Chocolate Almond, the company maintains its position as industry leader - consistently creating innovative ways to enjoy frozen yogurt.
SOURCE Yogen Fruz
BITTERFELD-WOLFEN, GERMANY -- (MARKET WIRE) -- 12/04/09 -- Q-Cells SE / Contract / Ad hoc: Q-Cells and LDK Solar announce continuation of supply contract for solar wafer
Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin. The issuer is solely responsible for the content of this announcement.
------------------------------------------------------------------ ---- --------------
Bitterfeld-Wolfen (Germany), Xinyu City (China) and Sunnyvale (Calif.), 4 December 2009:
Q-Cells SE and LDK Solar Co., Ltd. jointly announce that the two companies have reached an agreement to continue their supply contract for solar wafers from 2009 to 2018. During recent amicable negotiations, the two companies resolved all differences of opinion over the interpretation of the agreement and neither side will pursue legal action. Q-Cells also agreed to no longer pursue measures to collect the bank guarantee. Joint business activities between the two companies remain unchanged.
Q-Cells and LDK Solar have agreed to increase the flexibility of delivery schedule. Flexible pricing based on market levels and Q-Cells' preferred customer status will apply for the entire remainder of the contract term. A portion of shipments scheduled in the years 2009 to 2011 have been postponed to the period 2012 to 2018. Q-Cells will therefore receive around 20% in the current year and at least one third of the originally agreed volumes in 2010 and 2011. Q-Cells also has the option to increase these volumes if needed. The total delivery volume for the entire ten-year term remains unchanged at around 6 GWp. In addition to the amendment, the parties have finalized an agreement to expand their cooperation in the areas of cell and module processing. Q-Cells will supply solar cells to LDK Solar on a tolling basis and LDK Solar will supply modules to Q-Cells on the same basis.
Contact information: Q-Cells SE OT Thalheim Sonnenallee 17 - 21 06766 Bitterfeld-Wolfen, Germany www.q-cells.com Investor Relations: Stefan Lissner Phone: +49 - (0)3494 - 6699 10101 investor@q-cells.com Corporate Communications: Ina von Spies Phone: +49 - (0)3494 - 6699 10121 presse@q-cells.com
--- End of Message ---
Q-Cells SE OT Thalheim, Sonnenallee 17-21 Bitterfeld-Wolfen Germany
WKN: 555866; ISIN: DE0005558662; Index: CDAX, GEX, Prime All Share, TecDAX; Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Stuttgart, Regulierter Markt in Frankfurter Wertpapierbörse;
Copyright © Hugin AS 2009. All rights reserved.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2009) - Fronteer Development Group Inc. (TSX: FRG)(NYSE Amex: FRG) is pleased to announce that an independent Economic Impact Assessment of the Michelin Uranium Project indicates significant long-term economic benefits to regional governments and communities.
The Michelin Project, located in North Coast Labrador, Canada, is held by Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer.
The study estimates the Michelin Project would generate the following combined benefits for the communities and governments of Nunatsiavut and Newfoundland and Labrador:
- 31,200 person years of employment
- $2.9 billion in business and individual income
- $1.8 billion in tax revenues
Over the life of the mine, the Project would also provide significant benefits to other Canadian provinces and the federal government, including a combined $2.9 billion in income and $2.3 billion in tax revenues.
"The Economic Impact Assessment clearly shows that this is a project that would create substantial, long-term benefits to both the region and Canada as a whole," says Bruce Dumville, Aurora President and CEO. "The construction and operation of the Michelin Project would provide meaningful employment opportunities, contribute to local, provincial and federal economies, and generate significant tax revenues for all levels of government."
The study was conducted by Strategic Concepts, Inc. (SCI) and Wade Locke Economic Consulting, experienced consulting firms specializing in Canadian resource-based economic impact assessments, with particular expertise in Newfoundland and Labrador projects. The purpose of the study was to measure the economic impacts of the Michelin Project on governments and economies locally and across Canada.
The findings of the Economic Impact Assessment underscore the large-scale, economically robust character of the Project as demonstrated in the Preliminary Economic Assessment (see September 9, 2009 news release, Fronteer Reports Positive Preliminary Economic Assessment for Michelin Uranium Project).
Summary of Results ---------------------------------------------------- Total employment Person Years(i) ---------------------------------------------------- Nunatsiavut 4,200 ---------------------------------------------------- Newfoundland & Labrador 27,000 (exclusive of Nunatsiavut) ---------------------------------------------------- Other Canadian provinces 37,000 ---------------------------------------------------- Total 68,200 ---------------------------------------------------- (i) includes direct, indirect and induced employment ---------------------------------------------------- Income to businesses & individuals Amount ---------------------------------------------------- Nunatsiavut $400 million ---------------------------------------------------- Newfoundland & Labrador $2.5 billion (exclusive of Nunatsiavut) ---------------------------------------------------- Other Canadian provinces $2.9 billion ---------------------------------------------------- Total $5.8 billion ---------------------------------------------------- ---------------------------------------------------- Government Revenues Amount ---------------------------------------------------- Nunatsiavut $220 million ---------------------------------------------------- Newfoundland & Labrador $1.6 billion (exclusive of Nunatsiavut) ---------------------------------------------------- Other Canadian provinces $518 million ---------------------------------------------------- Federal Government $1.8 billion ---------------------------------------------------- Total $4.1 billion ----------------------------------------------------
All dollar amounts are in Canadian dollars, unless otherwise stated, and include 2% annual inflation.
About the Michelin Uranium Project
Fronteer recently issued the results of a Preliminary Economic Assessment (PEA), prepared by AMEC Americas Limited, which supports a financially robust open-pit and underground uranium mining operation at the Michelin and Jacques Lake deposits, and a milling facility at the Michelin site capable of processing 10,000 tonnes of mineralization per day, which will produce up to 7.3 million pounds of U3O8 per annum. Direct cash costs are stated at US$28.57 per pound of U3O8 over the 17-year mine life. At an 8% discount rate, the Project's pre-tax net present value is US$914 million with a pre-tax internal rate of return of 19.4% on an unlevered 100% equity basis, and a pay-back period of 4.7 years.
NEXT STEPS
The recently completed PEA combined with this valuable Economic Impact Assessment provide Fronteer with a context for establishing the most advantageous method for developing of the Michelin Project.
Community consultations with Labrador residents are continuing which includes meetings with the Michelin Project Community Panel. Aurora is also working to complete the tailings management plan for the Project and to optimize project engineering and construction costs.
Environmental baseline studies are ongoing and Aurora continues to prepare the project registration document for the regulatory process.
The Nunatsiavut Government is currently in the process of developing its environmental legislation and Land Use Plan. The Land Use Plan is a joint process between Nunatsiavut Government and the Government of Newfoundland and Labrador. The Nunatsiavut Government requires these instruments to be in place ahead of large-scale resource development projects. Both initiatives are expected to be completed on or before March 2011.
PREPARATION OF PEA AND QUALIFIED PERSON
The PEA has been prepared with the input from AMEC, J.R Goode and Associates, SGS Lakefield Services Limited, and S.D. Energy Associates Limited.
AMEC is an international project management and engineering consultancy firm with extensive experience in resource development projects.
J.R. Goode and Associates, has more than 45 years of mineral and uranium processing experience. Mr. Goode has worked on numerous uranium projects in Canada and worldwide.
S.D. Energy Associates is an international nuclear fuel market consultancy and brokerage firm with extensive experience in uranium industry strategy and marketing.
SGS Lakefield Research Limited is a global leader in providing mining and metallurgical services.
Further details of the PEA are available in the updated National Instrument 43-101 Technical Report, dated Oct. 23, 2009, which is posted on SEDAR (www.sedar.com).
The PEA was prepared under the supervision of Mr. Steve Cole, P.Eng, Director of Engineering, Aurora, and Mark Hertel, P.Geo, Principal Geologist AMEC, a "qualified person", as such term is defined in National Instrument 43-101. Mr. Cole has supervised the preparation of, and verified all scientific and technical data pertaining to the PEA that is contained in this news release.
This Economic Impact Assessment is preliminary in nature and intends to provide a measurement of the economic impacts of a project on governments and impacted economies. The study provides fair estimations based on acceptable assumptions and its content should not be considered definitive or binding. The PEA is also preliminary in nature as it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves at this time and as such there is no certainty that the preliminary assessment and economics set forth in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Such forward-looking statements, including but not limited to, those with respect to potential expansion of mineralization, potential size of mineralized zone, and size and timing of exploration and development programs and the timing and availability of regulatory approvals, potential long and short term economic benefits to regional, provincial and federal governments, communities and Fronteer, results of community consultations and proposed management plans, future project engineering and construction costs, and timing and availability of regulatory and environmental approvals, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Fronteer to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to international operations and joint ventures, the actual results of current exploration activities, conclusions of economic evaluations, community consultations and future management plans, uncertainty in the estimation of mineral resources, changes in project parameters as plans continue to be refined, future prices of uranium, environmental risks and hazards, increased infrastructure and/or operating costs, labour and employment matters, and government regulation and permitting requirements as well as those factors discussed in the section entitled "Risk Factors" in Fronteer's Annual Information form and Fronteer's latest Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. and available on SEDAR at www.sedar.com. Although Fronteer has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Fronteer disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required pursuant to applicable securities laws. Accordingly, readers should not place undue reliance on forward-looking statements.
NEWS RELEASE 09-35
FOR FURTHER INFORMATION PLEASE CONTACT:
Aurora Energy Resources
Bruce Dumville
President and CEO
709-726-2223
Aurora Energy Resources
Andrea Marshall
Manager, Government Relations and Public Affairs
709-726-2223
www.aurora-energy.ca
Fronteer Development Group
Mark O'Dea, Ph.D, P.Geo
President and CEO
604-632-4677 or Toll Free 1-877-632-4677
Fronteer Development Group
Richard Moritz
Director, Investor Relations
604-632-4677 or Toll Free 1-877-632-4677
Fronteer Development Group
Glen Edwards
Director, Communications
604-632-4677 or Toll Free 1-877-632-4677
www.fronteergroup.com
Source: Fronteer Development Group Inc.
HOUSTON, Dec. 4 /PRNewswire-FirstCall/ -- Main Street Capital Corporation (Nasdaq: MAIN) ("Main Street") today announced that Vincent D. Foster, Chairman and Chief Executive Officer, and Todd A. Reppert, President and Chief Financial Officer, will participate in BB&T Capital Markets' Private Finance One-on-One Conference on December 15, 2009 at The Westin Hotel New York. Main Street's current Investor Presentation is available on its web site at www.mainstcapital.com.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street's investments are made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives to its portfolio companies.
Contacts: Main Street Capital Corporation ------------------------------- Todd A. Reppert, President and CFO treppert@mainstcapital.com 713-350-6000 Dennard Rupp Gray and Easterly, LLC ----------------------------------- Ken Dennard ksdennard@drg-e.com / 713-529-6600 Augustine Okwu gokwu@drg-e.com / 404-532-0086
SOURCE Main Street Capital Corporation
WESTBOROUGH, Mass., Dec. 4, 2009 (GLOBE NEWSWIRE) -- Viking Systems, Inc. (OTCBB: VKNG), a supplier of 2D and 3D visualization systems for the medical market, today provided the following business updates:
* At the MEDICA tradeshow in Dusseldorf last month, Viking Systems' "Next Generation" prototype 3DHD camera system was demonstrated utilizing a prototype Sony 3DHD flat panel display. Jed Kennedy, Viking's president and chief operating officer, described the event saying, "The reactions confirmed what we previously reported from the American College of Surgeon's 95th annual Clinical Congress in Chicago. We were extremely pleased with the level of interest shown in this new technology. The interactive 3DHD demonstration was once again well received. While 2D high definition cameras currently represent the vast majority of camera placements in the approximately $1 billion surgical video systems market, it remains clear that 3DHD is the next advancement in endoscopic surgical vision." Viking Systems anticipates having its Next Generation 3DHD camera system ready for the market in approximately one year and is exploring sources of financing in this connection. * Also at MEDICA, conversations were initiated with several potential distribution partners for Viking regarding sales of its Next Generation product in the U.S. market. Viking currently has a distributor network in place outside the U.S. * Viking previously indicated it received a large order from the U.S. Army for deployment of one of its complete 3Di systems at each of seven regional Army Medical Centers throughout the United States. These systems were shipped and installed in October, and Viking has received the full invoiced amount of approximately $900,000. * As contemplated in Viking Systems' November 3, 2009 press release, the Company has delivered a "designed to specification" prototype high definition 3DHD visualization system to a manufacturer of surgical robotic systems as part of a development agreement. The system prototype was a key deliverable in the completion of the development arrangement. Viking believes that the prototype performed well and met or exceeded expectations. There can be no assurance that any further agreement for this product will ultimately be reached, and the confidential nature of R&D programs makes it inappropriate to comment on timing in this regard. * On December 3, 2009, Viking Systems filed with the SEC an amendment to its previously filed Form 10Q for the quarter ended September 30, 2009. The amendment was made to correct the statement of operations for the three months ended September 30, 2009 for a mathematical error made when deriving the three month results from the reported nine month results. The correction does not affect the Company's balance sheet at September 30, 2009 or its statements of operations or its statement of cash flows for the nine months ended September 30, 2009. See the "As Corrected" and "As Reported" financial tables below.
About Viking Systems, Inc.
Viking Systems, Inc. (OTCBB: VKNG) is a leading worldwide developer, manufacturer and marketer of visualization solutions for complex minimally invasive surgery. The Company partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time. For more information visit the Company's website at: www.vikingsystems.com
This press release contains forward-looking statements. These forward-looking statements are estimates reflecting the best judgment of our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements should, therefore, be considered in light of various important factors as described in our annual report on Form 10-K under the heading "Risk Factors" as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Statements concerning forecasts, revenue growth, procedure growth, future financial results, and statements using words such as "estimate", "project", "plan", "intend", "expect", "anticipate", "believe" and similar expressions are intended to identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
VIKING SYSTEMS, INC.
Statements of Operations -Unaudited
Three Months Ended
September 30,
--------------------------
2009 2009
------------ ------------
As Corrected As Reported
Sales, net $ 1,995,614 $ 1,995,614
Cost of sales
Cost of goods sold 1,508,042 1,508,042
Inventory valuation charge -- --
------------ ------------
Total cost of sales 1,508,042 1,508,042
------------ ------------
Gross profit (loss) 487,572 487,572
------------ ------------
Operating expenses:
Selling and marketing 183,999 174,252
Research and development 121,951 121,951
General and administrative 384,685 384,685
------------ ------------
Total operating expenses 690,635 680,888
------------ ------------
Operating loss (203,063) (193,316)
Other income (expense):
Interest income 199 199
Interest expense (2,760) (2,760)
Loss on recapitalization transaction -- --
License fee -- --
Other income -- --
Gain on derivative liability -- --
------------ ------------
Total other income (expense) (2,561) (2,561)
------------ ------------
Net loss $ (205,624) $ (195,877)
============ ============
Net loss per share - basic and diluted $ (0.00) $ (0.00)
============ ============
Weighted average shares -
basic and diluted 42,715,110 42,715,110
============ ============
Operating Loss Before Non-Cash Charges
A reconciliation of net loss in accordance with U.S. generally accepted accounting principles (GAAP) to the non-GAAP measure of operating loss before non-cash charges is as follows for the three months ended September 30, 2009 as originally reported and as corrected:
As Corrected As Reported
------------ ------------
Net loss $ (205,624) $ (195,877)
Adjustments:
Total other (income)/expense 2,561 2,561
Non-cash stock option expense 113,161 113,161
Depreciation and amortization 45,737 45,737
------------ ------------
Operating loss before non-cash charges $ (44,165) $ (34,418)
============ ============
CONTACT: Viking Systems, Inc.
Robert Mathews, EVP & CFO
(508) 366-3668 Ext 8392
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