Sify reports revenues of INR 2963 million for Q1 of FY 2014-15 Jul 28, 2014 08:31AM

MILPITAS, Calif., July 28, 2014 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), headquartered in Chennai, India and a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, today announced its consolidated results under International Financial Reporting Standards (IFRS) for the first quarter of fiscal year 2014-15. PERFORMANCE HIGHLIGHTS: • Revenue for the quarter ended June 30, 2014 was INR 2963 million, an increase of 13% over the same quarter last year. • EBITDA for the quarter was INR 483 million as against INR 465 million for the same quarter last year. • Net Profit for the quarter was INR 113 million as against a net profit of INR 163 million for the same quarter last year. • CAPEX during the quarter was INR 372 million. Cash balance at the end of the quarter was INR 1181 million. Mr. Raju Vegesna, Chairman and Managing Director, said, "The election of a new government with a decisive majority has sent positive signals to the investing community, increasing expectations that India will return to a higher growth trajectory. We are seeing the first signs of this upbeat mood among our clients, with many of them already looking to expand their infrastructure in India. Our recent certification for Network Integration and Provisioning puts us in an elite class of service providers who now qualify for big-ticket network integration projects, and this puts us in a good position to leverage the new opportunities resulting from the more positive investment climate. Mr. Kamal Nath, CEO, said, "Our continued focus to engage in multi-year and multi service projects with our customers have guided us to a continued growth path over the last multiple quarters including Q1 of FY 14-15. In the Cloud and Data Centre space, we have moved away from being mere infrastructure provider and we are fast emerging as transformation partners to our clients. We are seeing increasing trend of clients appreciating our Data Centre transformation offerings and Managed Services portfolio built around our core infrastructure layer. With markets in recovery mode, the focus is to aggressively pursue larger transformational projects and building volume through multiple smaller projects in the SME segment. Mr. M P Vijay Kumar, CFO, said, "Our revenues have shown healthy growth, while our EBITDA has not expanded at the same rate versus the same quarter last year, due to significant expenses on our new DCs and execution of a few large capacity projects which are going live in phases. With the additional capacity from our new DCs coming on stream, we will be focusing on monetizing our assets to drive further revenue growth in the quarters ahead. Our cautious approach to investing and our strict governance of expenditure had seen us through a very trying period. We see good potential for continuing to improve asset utilization as markets gradually recover. So we will be investing primarily in customer-specific opportunities which will help us leverage these assets. Cash balance at the end of the quarter was INR 1181 million."   Financial Highlights (see as attached) Business Highlights Telecom Services • Domestic Data Business continues to show steady growth • International Voice grew 46% over the previous quarter. • The business signed up two international carriers with committed traffic for a full year. • Key wins in the quarter included the enterprise IT network for one of India's largest Telecom player and two of India's premier auto companies. • With its continuing focus on the network managed services portfolio, the number of circuits under advanced management services contract is up 18% over last quarter. • The re-organised support organization is expected to deliver significantly improved levels of customer support to Sify's customer starting the second quarter. Data Centre Services • The business signed up 13 new customers in the quarter. • A world leader in Business Continuity services has signed on to be a reseller for our services. • Our Bangalore Data Centre has been upgraded with additional capacity • Our 3rd Data Center in Mumbai has recently completed testing and commissioning. Cloud and Managed Services • The business has more than doubled over same quarter last year. • The business has signed up clients from eCommerce, Insurance, Utility sector and the Government verticals. • Some of the larger wins have been in the eCommerce space, helping us build expertise in this segment. • The business has signed on a large DC-DR Managed Services order from Insurance and Utility sector for private cloud and managed services. • More than 15 customers have been added across various verticals. Applications Integration Services • The business has commenced managed SAP infrastructure services for the Indian Market • Talent Management services almost doubled compared to same period last year with a significant order from one of the state public service commissions and successful execution for two top tier universities. • A forward supply chain management deal was closed with one of the largest FMCG companies in India. • eLearning signed up a million dollar plus contract with a global pharmaceutical client while also signing up four new customers in Asia, Europe and North America   Technology Integration services • The business has been reorganized along new Practice Lines; IP Surveillance, Voice Collaboration, Security, Network Integration and DC build. • The security business has grown steadily and has seen strong engagement in BFSI and PSU segment. • Network Integration has seen engagement among Enterprise customers, mainly for Wireless deployments. • The business won a large Service contract from a public service insurance company to support their IT infrastructure including Networking and DC. • A large Private Hospital campus also opted for our Wireless network. • The business has signed up 21 new customers for the quarter. About Sify Technologies Sify is among the largest integrated ICT Solutions and Services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common telecom data network infrastructure reaching more than 1300 cities and towns in India. This telecom network today connects 36 Data Centres across India including Sify's 5 Tier III Data Centres across the cities of Chennai, Mumbai, Delhi and Bengaluru. A significant part of the company's revenue is derived from Enterprise Services, comprised of Telecom services, Data Center services, Cloud and Managed services, Applications Integration services and Technology Integration services. Sify also provides services that cater to the burgeoning demands of the SMB community, much of it on its Cloud services platform. Sify is ISO 9001:2008 certified for Enterprise Sales, Provisioning, support and customer relationship management of ICT solutions and services including VPN, Network, Voice, Data Centre hosting, Integration services, security services and managed services. Sify has been certified in ISO / IEC 20000 - 1:2011 and ISO/IEC 27001:2005 certified for Internet Data Center operations. Sify has been certified in SSAE16 SOC2 Type II for Cloud Infrastructure and in TL 9000 for Enterprise Network Services, Network Integration Services including Design, Implementation and Support services. The latter certification is telecommunication industry's quality system standard that expands the requirements of the International Standards Organization's ISO 9000 quality management standard in use by industries worldwide. Sify has licenses to operate NLD (National Long Distance), ILD (International Long Distance) services and ISP services and offers VoIP backhaul for international carriers. With the Sify Cable landing station and partnerships with submarine cable companies globally, Sify is present in almost all the spheres of the ICT eco system. Sify has an expanding base of Managed Services customers, both in India and overseas, and is India's first enterprise managed services provider to launch a Security Operations Center (SOC) to deliver managed security services. The software team develops applications and offers services to improve business efficiencies of its current and prospective client bases. Sify also offers services in the specialized domains of eLearning, both in India and globally. For more information about Sify, visit www.sifycorp.com 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. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risk Factors" in the company's Annual Report on Form 20-F for the year ended March 31, 2014, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify's other reports filed with the SEC.  

CONTACT: Sify Technologies Limited
         Mr. Praveen Krishna
         Investor Relations   & Public Relations
         +91 44 22540777 (ext.2055)
         praveen.krishna@sifycorp.com

         Grayling Investor Relations
         Ms. Truc Nguyen (ext. 418)
         +1-646-284-9400
         truc.nguyen@grayling.com

         20:20 Media
         Ms. Divya Singh
         +91 0 8552944004
         divya.singh@2020msl.com

Source: Sify Technologies Limited


Sify reports revenues of INR 2963 million for Q1 of FY 2014-15 Jul 28, 2014 08:31AM

MILPITAS, Calif., July 28, 2014 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), headquartered in Chennai, India and a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, today announced its consolidated results under International Financial Reporting Standards (IFRS) for the first quarter of fiscal year 2014-15. PERFORMANCE HIGHLIGHTS: • Revenue for the quarter ended June 30, 2014 was INR 2963 million, an increase of 13% over the same quarter last year. • EBITDA for the quarter was INR 483 million as against INR 465 million for the same quarter last year. • Net Profit for the quarter was INR 113 million as against a net profit of INR 163 million for the same quarter last year. • CAPEX during the quarter was INR 372 million. Cash balance at the end of the quarter was INR 1181 million. Mr. Raju Vegesna, Chairman and Managing Director, said, "The election of a new government with a decisive majority has sent positive signals to the investing community, increasing expectations that India will return to a higher growth trajectory. We are seeing the first signs of this upbeat mood among our clients, with many of them already looking to expand their infrastructure in India. Our recent certification for Network Integration and Provisioning puts us in an elite class of service providers who now qualify for big-ticket network integration projects, and this puts us in a good position to leverage the new opportunities resulting from the more positive investment climate. Mr. Kamal Nath, CEO, said, "Our continued focus to engage in multi-year and multi service projects with our customers have guided us to a continued growth path over the last multiple quarters including Q1 of FY 14-15. In the Cloud and Data Centre space, we have moved away from being mere infrastructure provider and we are fast emerging as transformation partners to our clients. We are seeing increasing trend of clients appreciating our Data Centre transformation offerings and Managed Services portfolio built around our core infrastructure layer. With markets in recovery mode, the focus is to aggressively pursue larger transformational projects and building volume through multiple smaller projects in the SME segment. Mr. M P Vijay Kumar, CFO, said, "Our revenues have shown healthy growth, while our EBITDA has not expanded at the same rate versus the same quarter last year, due to significant expenses on our new DCs and execution of a few large capacity projects which are going live in phases. With the additional capacity from our new DCs coming on stream, we will be focusing on monetizing our assets to drive further revenue growth in the quarters ahead. Our cautious approach to investing and our strict governance of expenditure had seen us through a very trying period. We see good potential for continuing to improve asset utilization as markets gradually recover. So we will be investing primarily in customer-specific opportunities which will help us leverage these assets. Cash balance at the end of the quarter was INR 1181 million."   Financial Highlights (see as attached) Business Highlights Telecom Services • Domestic Data Business continues to show steady growth • International Voice grew 46% over the previous quarter. • The business signed up two international carriers with committed traffic for a full year. • Key wins in the quarter included the enterprise IT network for one of India's largest Telecom player and two of India's premier auto companies. • With its continuing focus on the network managed services portfolio, the number of circuits under advanced management services contract is up 18% over last quarter. • The re-organised support organization is expected to deliver significantly improved levels of customer support to Sify's customer starting the second quarter. Data Centre Services • The business signed up 13 new customers in the quarter. • A world leader in Business Continuity services has signed on to be a reseller for our services. • Our Bangalore Data Centre has been upgraded with additional capacity • Our 3rd Data Center in Mumbai has recently completed testing and commissioning. Cloud and Managed Services • The business has more than doubled over same quarter last year. • The business has signed up clients from eCommerce, Insurance, Utility sector and the Government verticals. • Some of the larger wins have been in the eCommerce space, helping us build expertise in this segment. • The business has signed on a large DC-DR Managed Services order from Insurance and Utility sector for private cloud and managed services. • More than 15 customers have been added across various verticals. Applications Integration Services • The business has commenced managed SAP infrastructure services for the Indian Market • Talent Management services almost doubled compared to same period last year with a significant order from one of the state public service commissions and successful execution for two top tier universities. • A forward supply chain management deal was closed with one of the largest FMCG companies in India. • eLearning signed up a million dollar plus contract with a global pharmaceutical client while also signing up four new customers in Asia, Europe and North America   Technology Integration services • The business has been reorganized along new Practice Lines; IP Surveillance, Voice Collaboration, Security, Network Integration and DC build. • The security business has grown steadily and has seen strong engagement in BFSI and PSU segment. • Network Integration has seen engagement among Enterprise customers, mainly for Wireless deployments. • The business won a large Service contract from a public service insurance company to support their IT infrastructure including Networking and DC. • A large Private Hospital campus also opted for our Wireless network. • The business has signed up 21 new customers for the quarter. About Sify Technologies Sify is among the largest integrated ICT Solutions and Services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common telecom data network infrastructure reaching more than 1300 cities and towns in India. This telecom network today connects 36 Data Centres across India including Sify's 5 Tier III Data Centres across the cities of Chennai, Mumbai, Delhi and Bengaluru. A significant part of the company's revenue is derived from Enterprise Services, comprised of Telecom services, Data Center services, Cloud and Managed services, Applications Integration services and Technology Integration services. Sify also provides services that cater to the burgeoning demands of the SMB community, much of it on its Cloud services platform. Sify is ISO 9001:2008 certified for Enterprise Sales, Provisioning, support and customer relationship management of ICT solutions and services including VPN, Network, Voice, Data Centre hosting, Integration services, security services and managed services. Sify has been certified in ISO / IEC 20000 - 1:2011 and ISO/IEC 27001:2005 certified for Internet Data Center operations. Sify has been certified in SSAE16 SOC2 Type II for Cloud Infrastructure and in TL 9000 for Enterprise Network Services, Network Integration Services including Design, Implementation and Support services. The latter certification is telecommunication industry's quality system standard that expands the requirements of the International Standards Organization's ISO 9000 quality management standard in use by industries worldwide. Sify has licenses to operate NLD (National Long Distance), ILD (International Long Distance) services and ISP services and offers VoIP backhaul for international carriers. With the Sify Cable landing station and partnerships with submarine cable companies globally, Sify is present in almost all the spheres of the ICT eco system. Sify has an expanding base of Managed Services customers, both in India and overseas, and is India's first enterprise managed services provider to launch a Security Operations Center (SOC) to deliver managed security services. The software team develops applications and offers services to improve business efficiencies of its current and prospective client bases. Sify also offers services in the specialized domains of eLearning, both in India and globally. For more information about Sify, visit www.sifycorp.com 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. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risk Factors" in the company's Annual Report on Form 20-F for the year ended March 31, 2014, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify's other reports filed with the SEC.  

CONTACT: Sify Technologies Limited
         Mr. Praveen Krishna
         Investor Relations   & Public Relations
         +91 44 22540777 (ext.2055)
         praveen.krishna@sifycorp.com

         Grayling Investor Relations
         Ms. Truc Nguyen (ext. 418)
         +1-646-284-9400
         truc.nguyen@grayling.com

         20:20 Media
         Ms. Divya Singh
         +91 0 8552944004
         divya.singh@2020msl.com

Source: Sify Technologies Limited


Quaterra Amends Terms of Share Purchase Warrants Jul 28, 2014 08:30AM

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/28/14 -- Quaterra Resources Inc. (the "Company") (TSX VENTURE: QTA)(OTCQX: QTRRF) announces that it has received the written consent of all Warrant holders to amend the terms of outstanding Warrants and has accordingly amended the exercise price of 6,541,571 share purchase warrants (the "Warrants") from US$0.53 to US$0.16.

The expiration date of the Warrants will remain December 28, 2014, subject to an accelerated exercise period provision which will provide that, if the closing price of the Company's shares is US$0.215 or higher for 10 consecutive trading days (the "Premium Trading Days"), Warrant holders will have 30 calendar days, commencing seven calendar days after the last Premium Trading Day, to exercise the Warrants. The Warrants will automatically expire if the Warrant holders do not exercise them within this 30 day period.

The private placement consisted of Units of common shares and share purchase warrants sold to 12 subscribers, primarily institutional, at a price of US$0.35 per unit. The term of the Warrants expire on December 28, 2014, and their original exercise price of US$0.53 makes it unlikely that they will be exercised. In these circumstances and in accordance with the policies of the TSX-V Exchange, the Company has agreed with all warrant holders to reduce the strike price subject to an acceleration provision as an incentive to the Subscribers to provide funds to the Company for corporate purposes by way of Warrant exercise without increasing the Company's current fully diluted share position.

On behalf of the Board of Directors,

Scott B. Hean, Chief Financial Officer

Quaterra Resources Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Quaterra Resources Inc.
Scott B. Hean
Chief Financial Officer
1-604-641-2747
info@quaterra.com

Source: Quaterra Resources Inc.


ObserveIT Launches eBook Series Challenging Today’s Approach to IT Security Jul 28, 2014 08:31AM

Inaugural eBook Provides Practical Guidance on How to Balance the Benefit and Risk of IT Contractors

BOSTON--(BUSINESS WIRE)-- ObserveIT, a pioneer in user activity monitoring, today announced the first eBook in its series titled, “Strangers in Your Servers: Make Working with IT Contractors More Secure,” which examines critical security challenges facing IT organizations today. The full series includes three eBooks that challenge today’s approach to IT security, while providing practical and expert guidance on how to improve a company’s ability to detect and rapidly respond to security threats.

ObserveIT eBook "Strangers in Your Servers" (Photo: Business Wire)

“Although many companies benefit greatly by using IT contractors and third-party vendors, the risks associated with granting them privileged access poses a serious threat to sensitive customer and financial corporate data,” said Paul Brady, CEO, ObserveIT. “Today, nearly nine out of 10 data breaches exploit remote access channels because IT teams can’t see what users are doing once they login. Gaining intelligence on actual user activity is the difference between a successful vendor relationship and one that puts your company at risk.”

“Strangers in Your Severs,” addresses current security shortcomings and provides advice on best practices to help IT management understand what all privileged users, both contracted and internal, are doing while on a company’s systems. The eBook provides examples and solutions for how organizations can leverage the business and financial benefits of remote vendors while mitigating the associated threats.

ObserveIT will host an interactive webinar on Wednesday, August 12, 2014 at 1:00 p.m. EDT that will delve deeper into the eBook’s findings and allow participants to interact with the ObserveIT’s technology leaders.

Click here to register for the event and receive a complimentary copy of ObserveIT’s eBook, “Strangers in Your Servers: Make Working with IT Contractors More Secure.”

About ObserveIT

ObserveIT is pioneering a new approach to IT security through its user activity monitoring solution. The solution enables companies to benefit from open and increasingly third-party-reliant business environments without compromising their intellectual property or business data. ObserveIT captures all privileged user activity and converts it into a video playback that is easy for security personnel to review and understand. The solution then turns the video recordings into machine data that it uses to detect threats, accelerate forensic analysis and rapidly respond to security incidents.

ObserveIT is currently in use in more than 1,000 corporations in 70+ countries. Visit www.observeit.com for more information or find us on Twitter @ObserveIT.

Rainier Communications

Lea Tzimoulis, 508-475-0025 x117

ObserveIT@RainierCo.com

Source: ObserveIT


Focus Drills Phosphate Over 6.4 km2 at Bayovar 12, Peru; Resource Calculation Underway Jul 28, 2014 08:30AM

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/28/14 -- Focus Ventures Ltd. (TSX VENTURE: FCV) is pleased to announce it has received assay results from the remaining four holes drilled during the first phase drill program at the Bayovar 12 phosphate project near Piura, northern Peru. Holes JPQ-14-18 and JPQ-14-17 were drilled furthest west on Sections 2 and 3 respectively (refer to drill hole plan below). Holes JPQ-14-19 and JPQ-14-20 were infill holes drilled off section in the eastern part of the drill grid. All holes intersected horizontal phosphate beds with grades and thicknesses in line with previous holes (see press releases dated May 20, 2014, June 16, 2014, and June 24, 2014). Drilling continues to demonstrate a remarkable consistency in phosphate grades within individual beds over long distances, with phosphate intersected in all holes drilled to date.

These results will be included in the upcoming maiden resource calculation currently being undertaken by Golder Associates. Permitting for a second phase drill hole program is underway for both infill drilling and expansion of the potential resource area.

Summary of Drilling

Three 4km sections have now been grid drilled at 800m spacings over an area of approximately 640 hectares in the western part of the 12,500 hectare property. All holes were drilled vertically to between 80m - 110m depth targeting phosphate beds hosted within a sequence of diatomites and sandstones. The horizontal nature of the beds and lack of faulting has allowed for easy correlation of individual beds hole to hole and the construction of coherent geological cross sections.


--  Average grade of the upper 5 main phosphate beds over all 3 sections is
    15.9% P2O5 over 0.5m, with Bed 3 averaging the highest grade of 20.4%
    P2O5 over 0.49m.
--  Average grade of the lower 6 main phosphate beds over the 3 sections is
    13.4% P2O5 over 0.54m.
--  Shallowing of the phosphate beds occurs in the eastern part of the grid,
   less than 26m below surface in some holes. This will be an area of focus
    for the second phase drilling program.
--  Mineralization is open in all directions outside of the drill grid.

A drill collar plan with location of sections is shown below. Geological cross sections, updated results tables and full set of assays are posted on Focus's website www.focusventuresltd.com.

All holes were drilled vertically to between 80m - 110m depth targeting phosphate beds within the Diana Formation, a sequence of phosphoric diatomites and sandstones approximately 40 meters thick. The phosphate beds comprise up to 40% apatite pellets, ooliths and fossil debris consisting of mainly fish teeth, bones and scales representing the remains of marine organisms that accumulated on the sea floor.

Flat-lying deposits such as sedimentary phosphates and other bulk commodities such as bauxite and gypsum may be amenable to precision mechanized strip mining using continuous surface miners, which can efficiently mine beds down to as little as 10cm in thickness.

Table Showing Average Grades and Thicknesses of the Main Beds calculated across Drill holes Sections 1, 2 & 3


----------------------------------------------------------------------------
         Section 1         Section 2         Section 3
       JPQ 14-15, 06,    JPQ 14-18, 14,    JPQ 14-17, 07,
       01, 03, 08, 13    12, 04, 10, 11    05, 02, 09, 16       Averages
----------------------------------------------------------------------------
Bed  Av.Width          Av.Width          Av.Width          Av.Width
          (m)   % P2O5      (m)   % P2O5      (m)   % P2O5      (m)   % P2O5
1        0.44    14.50     0.48    13.85     0.46    15.25     0.46    14.53
2        0.67    14.47     0.70    13.17     0.79    11.93     0.72    13.12
3        0.53    20.41     0.55    20.94     0.39    19.50     0.49    20.36
4        0.35    19.56     0.32    15.75     0.38    15.10     0.35    16.79
6        0.40    16.44     0.49    16.39     0.50    15.23     0.46    15.98
----------------------------------------------------------------------------
                                                   Average     0.50    15.86
----------------------------------------------------------------------------
7        0.53    11.04     0.59    10.52     0.32    11.47     0.48    10.93
9        0.58    12.82     0.42    14.54     0.37    11.61     0.45    13.02
10       0.39    12.74     0.41    10.67     0.44     9.73     0.41    10.99
11       0.34    15.49     0.38    16.41     0.28    14.75     0.33    15.63
12       0.39    16.22     0.43    16.33     0.38    16.54     0.40    16.36
13       1.10    13.65     1.27    14.32     1.04    13.10     1.14    13.73
----------------------------------------------------------------------------
                                                  Average      0.54    13.38

To view the Drill Hole Plan and Location of Sections image, please visit the following link: http://media3.marketwire.com/docs/959469_fig.pdf

Sampling Quality Analysis and Quality Control

Logging and sampling are undertaken at site in Bayovar under a QA/QC protocol developed by Focus in conjunction with Golder Associates. Due to the friable nature of the diatomite, the core cannot be split by diamond saw or mechanical splitter, and has to be split by hand. Once logged and sampled, the core is bagged and transported in sealed plastic drums by Focus personnel to Certimin laboratories in Lima for analysis. Phosphorous (P205) is determined by gravimetric methods. Major oxides are determined by ICPOES and silica by gravimetric analysis. Certimin is an affiliated ISO 9001 laboratory and uses standards for phosphate and silica from the Association of Fertilizer and Phosphate Chemists. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by Focus's QA/QC program which involves the insertion by Focus personnel of blind certified standards, blanks and core duplicates into the sample stream at regular intervals in order to independently assess analytical precision and accuracy of each batch of samples as they are received from the laboratory.

Background

The Bayovar 12 concession shows potential to host a large sedimentary phosphate deposit. The Bayovar district is situated in the Sechura Desert, a north-trending basin approximately 22,000 square kilometres in area comprising Miocene-aged sedimentary rocks. Phosphate was discovered in the 1950s during drilling for petroleum. It occurs as beds of pelletal phosphate within the Zapallal formation, a thick sequence of diatomites and sandstones. The phosphate layers are remarkably regular in P2O5 content over long distances, a typical characteristic of marine phosphate deposits. At Vale's Bayovar mine, the soft and friable nature of the phosphate rock and diatomite permits mining by conventional truck and shovel without the use of explosives.

On January 14, 2014, the Company's Peruvian subsidiary, Agrifos Peru SAC, signed a formal option agreement for the acquisition of shares in Juan Paulo Quay SAC, the titleholder of the Bayovar 12 non-metallic mining concession. Agrifos can earn a 70 per cent interest of the issued share capital of JPQ by investing in exploration and making a series of cash payments up to the completion of a positive prefeasibility study, after which Agrifos will have the first right of refusal to purchase the remaining 30 per cent of JPQ.

Qualified Person

The scientific and technical information in this release were prepared under the supervision of David Cass, Focus's President, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a Qualified Person in accordance with National Instrument 43-101.

About Focus

Phosphate rock is a raw material for fertilizers and vital to world food production. Focus is acquiring and developing quality phosphate projects in Latin America where the discovery and development of new deposits is becoming increasingly important given the growing demand and limited local supply of phosphate for fertilizer production. For further information, please call 604-630-5544 or visit our web site www.focusventuresltd.com.

ON BEHALF OF THE BOARD

Ralph Rushton, Director & Vice-President, Corporate Development

Symbol: TSXV-FCV

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may include certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration and development results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the documents filed by the Company from time to time on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:
Focus Ventures Ltd.
Ralph Rushton
Director & Vice-President, Corporate Development
(604) 630-5544
(604) 682-1514 (FAX)
info@focusventuresltd.com
www.focusventuresltd.com

Source: Focus Ventures Ltd.


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Jul 28, 2014 08:30AM AMERILiTHIUM Corp Signs Letter of Intent to Acquire Energy Business With $6,000,000 in Annual Revenues and 24 Year Operating History
Jul 28, 2014 08:30AM Black Diamond Sets Second Quarter 2014 Conference Call for Monday, August 11, 2014 at 5:00 p.m. ET
Jul 28, 2014 08:30AM John Wm. Macy's CheeseSticks Offers Innovative iPad Giveaway
Jul 28, 2014 08:30AM American Airlines Provides Customers Access To Cap-Haitien, Haiti
Jul 28, 2014 08:30AM FuelCell Energy Identifies New Haven, Connecticut as Second Location in the Previously Announced 5.6 Megawatt Sale to United Illuminating
Jul 28, 2014 08:30AM Galenfeha, Inc. Completes Field Testing, Begins Production and Shipping of New Battery System
Jul 28, 2014 08:30AM Santa Fe Gold Announces Updated Resource Estimate for the Summit Mine
Jul 28, 2014 08:30AM Avidus completes acquisition of Truestar Health Inc. and first tranche of equity private placement
Jul 28, 2014 08:30AM Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend
Jul 28, 2014 08:30AM Global Ship Lease Reports Results for the Second Quarter of 2014
Jul 28, 2014 08:30AM Nova LifeStyle Announces Progress on Its E-Commerce and Digital Initiatives
Jul 28, 2014 08:30AM Patriot Scientific Corporation Announces Key New Agreement
Jul 28, 2014 08:30AM Nanoveu Introduces Glasses-Free 3D Viewing For Mobile Devices With EyeFly3D Screens In Film And Tempered Glass
Jul 28, 2014 08:30AM Cardioxyl Pharmaceuticals Successfully Completes First Clinical Trial For Heart Failure Drug CXL-1427
Jul 28, 2014 08:30AM Jay L. Ajmo D.D.S., P.A., Awarded Diplomate Certification by the American Board of Oral Implantology, 1 of 400 Implant Experts Worldwide
Jul 28, 2014 08:30AM Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock
Jul 28, 2014 08:30AM Black Diamond Sets Second Quarter 2014 Conference Call for Monday, August 11, 2014 at 5:00 p.m. ET
Jul 28, 2014 08:30AM Silicon Motion Announces Quarterly Dividend
Jul 28, 2014 08:30AM Avanir Pharmaceuticals Announces Date of Fiscal 2014 Third Quarter Financial Results and Conference Call
Jul 28, 2014 08:30AM New Chlamydia and Gonorrhea Assays on the BD Viper™ LT System Receive FDA 510k Clearance
Jul 28, 2014 08:30AM UBIC Obtains Japanese Patent Related to Predictive Coding Technology
Jul 28, 2014 08:30AM Corporate Resource Services Ranked as the 22nd Largest Talent Engagement Firm in United States
Jul 28, 2014 08:30AM PennyMac Mortgage Investment Trust Announces Date for Release of Second Quarter 2014 Results
Jul 28, 2014 08:30AM Information Builders Wins Best in Biz International Award 2014
Jul 28, 2014 08:30AM JGWPT Holdings Inc. Names Stewart A. Stockdale as its New Chief Executive Officer and Director
Jul 28, 2014 08:30AM Texas' Biocorridor Announces the Atlas Hotel, Centerpiece of Mixed Use Community for Biotech Industry
Jul 28, 2014 08:30AM Syntel to Present at Investor Conference
Jul 28, 2014 08:30AM National American University Holdings, Inc. Schedules Fiscal 2014 Fourth Quarter and Year-End Financial Results Release and Conference Call
Jul 28, 2014 08:30AM PennyMac Financial Services, Inc. Announces Date for Release of Second Quarter 2014 Results
Jul 28, 2014 08:30AM Macatawa Bank Corporation Declares Dividend
Jul 28, 2014 08:30AM Utility Granted U.S. Patent 8,781,475 for Automatic Cellular Communications Connectivity Methodology
Jul 28, 2014 08:30AM Prosci® Launches the Prosci Portal: Innovative Virtual Workspace for Change Management
Jul 28, 2014 08:30AM PASSUR Awarded Multi-Year Contract With Metropolitan Washington Airports Authority
Jul 28, 2014 08:30AM ANI Pharmaceuticals Schedules Conference Call for Second Quarter 2014 Financial Results
Jul 28, 2014 08:30AM OnlineCasino.info Now Tracking Legal and Regulatory Issues
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