International Millennium Mining Corp.: 2nd Quarter 2008 Report Aug 29, 2008 08:22PM

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2008) - International Millennium Mining Corp. (the "Company") (TSX VENTURE: IMI) (FRANKFURT: L9J) announces the release of its 2nd Quarter financial statements and MD&A (the "Quarterly Report") for the six months ended June 30, 2008 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.

Summary of 2nd Quarter ended ---------------------------------------------------------------------------- Cdn ($)

                          June 30,           June 30,   Year to date
                                    2008               2007     Fiscal 2008

----------------------------------------------------------------------------

General and

Administration

 expenditures           $        102,765  $          76,390  $      190,794

----------------------------------------------------------------------------

Interest income $ 5,190 $ 23,381 $ 15,313 ---------------------------------------------------------------------------- Net Loss

                $       (101,575) $        (167,009) $     

(270,470)

----------------------------------------------------------------------------

Net Loss per share      $          (0.01) $           (0.01) $        

(0.01)

----------------------------------------------------------------------------

----------------------------------------------------------------------------

As at                      June 30, 2008  December 31, 2007
----------------------------------------------------------------------------

----------------------------------------------------------------------------

Deferred Mineral

Property expenditures $ 6,746,007 $ 5,976,641 ---------------------------------------------------------------------------- Total Assets

              $    7,839,666    $     7,956,982

----------------------------------------------------------------------------

Total Liabilities $ 487,089 $ 479,124 ---------------------------------------------------------------------------- Share Capital

             $   10,254,537    $    10,204,337

----------------------------------------------------------------------------

Common shares outstanding 30,986,944 30,726,944 ----------------------------------------------------------------------------

Summary Discussion

General and administrative costs for the quarter ended June 30, 2008 were $102,765 compared to $88,029 in the first quarter of fiscal 2008 ended March 31, 2008 and $76,390 recorded in the second quarter of fiscal 2007. The primary reasons for the difference are higher printing costs for the annual report and higher transfer agent fees for the corporate year-end filings. Additionally, the Company experienced higher audit fees and director fees during the second quarter of fiscal 2008 compared to the previously recorded quarters.

At June 30, 2008, the Company had a total of 30,986,944 common shares, 1,825,000 stock options and 13,252,343 warrants outstanding.

Deferred mineral property expenditures totaled $451,369 during the second quarter of fiscal 2008, compared to $115,638 in first quarter of fiscal 2008 and $308,281 in the second quarter of fiscal 2007. Expenditures during the second quarter of fiscal 2008 are mostly attributed to the drill program on the Cobalt, Ontario property. Property payments increased to $106,410 in the second quarter of fiscal 2008 compared to $95,949 in the first quarter of fiscal 2008, the increase is primarily due to the payment for the High Lake property, but decreased compared to $124,371 in the second quarter of fiscal 2007 due to lower payments in fiscal 2008 when compared to payments in fiscal 2007, on the Mexico and Jason properties.

Management believes that with low metal inventories, relatively low increases in metal supplies and increasing demand for virtually all precious metals, and most base and strategic metals in the long run early stages of a metals bull market, that its strategy of acquiring and developing precious metal polymetallic projects in historic areas in the Americas is prudent and will enhance the Company's financing ability and long term value.

Future Exploration Programs - First half of 2008

The Simon Mine is a former producing polymetallic mine, located in the Walker-Lane Trend south of Reno. Shut down in the late 1960s, this project now presents itself as an exploration and development play offering both size and grade potential for long-term mining. Historical records of ore shipped from the 905 drift (89 rail cars) indicate average grades of 12 oz Ag, 0.04 oz Au, 9% Pb, 5.7% Zn and 3% Cu. (These historic figures are considered relevant and demonstrate the potential of the property, but need to be verified by the Company). Planning for the drilling program is taking place and a drill permit application was filed with the mining authorities in December 2007 and approved April 2008. Drilling is planned for later in 2008 or in early Spring 2009.

The High Lake Property has been explored in a piecemeal fashion since the early 1950s. During that time, parts of the claim group were controlled by different parties. The IMMC option agreement marks the first time that this property, covered by the 20 claims, has been held by one company. Additionally, the High Lake Property is contiguous on the south border of Electrum Lake Property. The High Lake/Electrum Lake Properties contain several known gold and gold-copper-molybdenum prospects. Several resource estimates have been produced by previous explorers on the mineralized zones identified in the eastern and western part of the High Lake Property. MMI geochemistry work has been completed on this project and the results are now being analyzed for follow-up geophysical and drilling if warranted.

The Cobalt Properties have numerous classical Cobalt Type silver targets outlined within the claim group. Sufficient preliminary work has been completed on three silver targets to warrant further testing. The next phase of exploration on the Cobalt Properties began in the first quarter of fiscal 2007 and consisted of line cutting, and geophysics work over certain areas of the properties. The purpose of the geophysics work was to identify the location of volcanogenic massive sulfide and Cobalt Type targets. In the second quarter, this work was followed up with mobile metal ion geochemistry work, the results of which encouraged the Company to proceed to a drilling program. A drilling contract with Cabo Drilling Corp. was executed February 20, 2008 and drilling commenced April 18, 2008. At this time nine drill holes totalling approximately 2,550 meters have been drilled and the drill core is being logged and processed for assaying. Early results are disappointing but full results are not available.

At the Harrison Lake Projects in British Columbia, ground chemistry and detailed geology of priority targets was completed on the Jason property and drill targets have been defined. The Company hopes to begin a drill program at a later date. The Company and Zoloto Resources Ltd. (formerly Sutcliffe Resources Ltd.) have settled their dispute and the Company is committed to a $165,000 exploration program to be completed by the Summer of 2009.

For the Quarter ending June 30, 2008

General and administration costs increased $26,376 or 35% to $102,765 in second quarter of fiscal 2008 compared to $76,390 in the second quarter of fiscal 2007 and increased 17% from the $88,029 recorded in the first quarter of fiscal 2008.

Accounting and legal fees increased during the second quarter in fiscal 2008 to $19,529 from $8,408 in the second quarter of fiscal 2007 due to higher audit fees for fiscal 2008. Accounting and legal fees also increased from the $12,104 recorded in the first quarter of fiscal 2008 due to higher legal fees incurred on the Harrison Lake Property. The Company incurred $10,250 in director fees for the quarter compared to nil for the second quarter of fiscal 2007. Effective April 1, 2007 the Company began paying director fees to each independent director at $500 per month plus $250 for each meeting but were not recorded until the fourth quarter of fiscal 2007. The director fees were higher for the additional Annual General Meeting for the Company.

Office costs decreased 70% to $773 in the second quarter of fiscal 2008 from $2,985 in the first quarter of fiscal 2008 as a result of a reduction in one-time expenses incurred in fiscal 2007. Printing and shareholders information increased by 24% to $16,314 in the second quarter of fiscal 2008 compared to $13,187 in the second quarter of fiscal 2007 and from nil in the first quarter of fiscal 2008 due to the printing of the annual report.

The Company recorded a net loss of ($101,575) for the second quarter of fiscal 2008 as compared to a net loss of ($167,009) in second quarter of fiscal 2007. The smaller loss is primarily the result of lower general and administration expenses incurred during the first quarter of fiscal 2008. Interest income decreased to $5,190 in the second quarter of fiscal 2008 compared to $23,381 in the second quarter of fiscal 2007.

For the six months ending June 30, 2008

Accounting and legal fees decreased, during the six months ending June 30, 2008, to $31,633 from $38,068 in the six months ending June 30, 2007 due to lower total legal fees in fiscal 2008 compared to the fees incurred in the finalization of the listing application in 2007. The Company recorded $16,250 in director fees during the six-month period ending June 30, 2008 compared to nil in the comparable period in fiscal 2007. The difference in the director fees for fiscal 2007 were first recorded and paid in the fourth quarter of fiscal 2007. Transfer agent and filing fees were reduced significantly to $22,011 for the six months ending June 30 in fiscal 2008 compared to $52,004 recorded in six months ending fiscal 2007, because of the reduction in costs related to the preparation of the listing application in 2007.

The Company recorded a net loss of ($179,481) for the six months ending June 30, 2008 as compared to a net loss of ($270,470) in six months ending June 30, 2007. The difference is primarily from the $114,000 stock based compensation expense recorded in fiscal 2007. Interest income has also decreased, due to the smaller investment base, to $15,313 in the six months ending June 30 2008, compared to $44,960 in the six months ending June 2007.

Management is focused on precious metal polymetallic projects in the Americas and is working towards building a strong, stable and well financed mineral exploration and development property entity.

Financial and Mineral Property Information

Concurrently with this news release, the Company is filing the Quarterly Report with the regulatory authorities through SEDAR (www.sedar.com) and has mailed it to shareholders who have requested copies and whose names appear on the Company's Supplemental List. A copy of the Quarterly Report is available on the SEDAR website, or will be mailed upon request. Additional information about International Millennium Mining Corp. and its mineral property interests, including technical reports, is available on the internet at the SEDAR website, namely www.sedar.com.

International Millennium Mining Corp. (the "Company") is a mineral exploration and development company engaged in the acquisition and exploration of mineral properties in the Americas. The Company has acquired and is exploring mineral properties in British Columbia, and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include silver, gold, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. The Company's common shares trade on the Frankfurt Exchange under the symbol: L9J and on the TSX Venture Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

John A. Versfelt, President and CEO

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        International Millennium Mining Corp.
        Mr. John A. Versfelt
        President & CEO
        (604) 984-9907
        Fax: (604) 983-8056 (FAX)
        Email: info@immc.ca

        International Millennium Mining Corp.
        Mr. D. Alex Caldwell
        Corporate Secretary
        (604) 984-9907
        Fax: (604) 983-8056 (FAX)
        Email: info@immc.ca

Source: International Millennium Mining Corp.


WCSB GORR Oil & Gas Income Participation 2008-I Limited Partnership Offering Closed August 28th, 2008-$6,694,600 Raised Aug 29, 2008 08:15PM

CALGARY, ALBERTA--(Marketwire - Aug. 29, 2008) - WCSB GORR Oil & Gas Income Participation Limited 2008-I Limited Partnership ("the Partnership") is pleased to announce that it has completed the second and final closing of its public offering of Limited Partnership units. The Partnership issued a total of 66,946 Limited Partnership units for total of $6,694,600 raised.

Partnership Objectives.

The Partnership aims to provide Limited Partners with income, capital appreciation, and tax deductions through the direct participation in the production of and exploration for oil and natural gas while avoiding exposure to the market volatility associated with securities of public energy issues.

The Partnership will invest in flow-through shares of subsidiary companies formed to enter into joint ventures with established oil & gas companies that will, in turn, provide the subsidiary companies with a Gross Over-Riding Royalty from the investment.

The Partnership will provide investors with direct exposure to the oil & gas sector through flow-through shares, free of premiums, as compared to traditional flow-through limited partnerships.

The Syndicate.

The syndicate of agents for the offering was co-led by Canaccord Adams and HSBC Securities and included Dundee Securities Corporation, Manulife Securities Incorporated, Raymond James Ltd, Wellington West Capital Inc., Blackmont Capital Inc, Research Capital Corporation, Burgeonvest Securities Ltd, Industrial Alliance Securities Inc. and IPC Securities Corporation.

Tax Benefits.

Investors will be able to receive tax deductions of approximately 100% of the amount of their investment based on completion of the maximum offering and certain other assumptions as set forth in the final prospectus.

Oil & Gas Management Team.

William D.B. Koenig, CFA, CMA President, Director & Portfolio Manager

Mr. Koenig is a Partner and portfolio manager with Brickburn Asset Management Inc. He is also former CIO and portfolio manager for Hesperian Capital Management and former Investment Advisor to the NORREP flow-through funds.

Peter M.K. Bolton, P.Geol., Vice President, Technical Operations

Mr. Bolton was recently, President, Director, CEO and founder of Rolling Thunder Exploration Ltd. He also spent 17 years at Mobil Oil Canada gaining firsthand experience and relationships with oil and gas companies.

Technical Advisors.

Formed in 1987, Canadian Discovery, led by Kaush Rakhit M.Sc., P.Geol., has a team of 10 Geologists including geotechnical engineers, exploration analysts and geological technicians who are experienced in the evaluation of low to medium risk exploration opportunities. Canadian Discovery offers consultancy services to assist energy companies to analyze current exploration activity, production results, and industry trends throughout Canada, the United Kingdom, and the Arctic frontiers.

Investment Guidelines.

The Partnership has developed investment guidelines and restrictions which govern the Partnership's overall investment activities. To view these guidelines please see refer to the final prospectus dated July 14, 2008.

A final prospectus dated July 14, 2008 relating to these securities has been filed with the securities commissions or similar authorities in each of the offering jurisdictions. Please read the prospectus before investing. This press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only.

FOR FURTHER INFORMATION PLEASE CONTACT:
        CADO Bancorp Ltd.
        Shane Doyle
        President
        (604) 684-5742
        Fax: (604) 684-5748 (FAX)
        Email: info@cadobancorp.ca
        Website: www.wcsb.ca

Source: WCSB GORR Oil & Gas Income Participation Limited 2008-I Limited Partnership


Operation HOPE Announces Support for the New FDIC Loan Modification Program for Distressed IndyMac FSB Mortgage Loans Aug 29, 2008 08:15PM

LOS ANGELES, CA -- (MARKET WIRE) -- 08/29/08 -- John Hope Bryant, Founder, Chairman and CEO, and Bill Walbrecher, President and COO of Operation HOPE (HOPE), jointly announced today that HOPE is in full support of the loss-mitigation plan announced recently by Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair. John Hope Bryant, who also serves as Vice Chairman of the U.S. President's Advisory Council on Financial Literacy, said, "The loss-mitigation plan announced by FDIC Chairman Bair to provide mortgage loans at affordable yields for troubled IndyMac Federal Bank borrowers is a giant step in the right direction to help distressed borrowers avoid foreclosure and stay in their homes at interest rates and terms that are affordable."

The FDIC program provides systematic modification of delinquent loans. IndyMac FSB mortgage holders who are not aware of the program can go directly to the following link of the press release announcement for questions and answers. http://www.fdic.gov/news/news/press/2008/pr08067.html.

HOPE President Bill Walbrecher is a former Fortune 500 bank CEO who is committed to empowering low-wealth communities with "choice and silver rights opportunity." Bill Walbrecher said that, "The FDIC Loan Modification Program for IndyMac mortgage holders is a unique opportunity because it provides an interest rate below market for loan modifications and essentially protects the working class which is essential to maintaining the stability of our country."

About Operation HOPE

Operation HOPE is America's leading nonprofit social investment banking and financial literacy empowerment organization. With more than 400 private sector partners, 1500 nonprofit organizations and schools, and 100 government partners serving 68 under-served communities in the U.S. cities as well as South Africa, Operation HOPE has raised more than $400 million in its pursuit of educating, assisting and inspiring the next generation of global "silver rights" stakeholders. Through international initiatives and its principal programs: Banking on Our Future (teaching school children about money), HOPE Coalition America (Mortgage HOPE Crisis Hotline, 1-888-388-HOPE, financial emergency preparedness and disaster relief), HOPE Advisors and the HOPE Banking Center Network (loans, bill pay, computer literacy, understanding banking principles), Operation HOPE has assumed the responsibility of piloting the Silver Rights Movement towards making free enterprise and capitalism relevant to all underserved communities. Civil rights icon Ambassador Andrew Young is the global spokesman for Operation HOPE. More information about the organization can be found at www.operationhope.org.

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For more information contact:
Sherry T. John
phone 213.891.2908
sherry.john@operationhope.org


Internet Allows Public to Show Support for VP Candidates in Record Time Aug 29, 2008 08:08PM

SAN MATEO, Calif.--(BUSINESS WIRE)--

The Internet and user-generated gear is allowing political enthusiasts to instantly sport their support. CafePress (www.cafepress.com), the leader in user-generated commerce, reports staggering upload activity of original, user-generated designs featuring the recent vice presidential nominations of Senator Joe Biden and Alaska Governor Sarah Palin.

Political enthusiasts were quick to "sport their support" on the Internet this week as:

    --  Saturday's Biden's announcement as the Democratic VP candidate
        saw 20,000 new, user-generated products uploaded to the Web
        site; before Saturday's announcement there were just 6,800
        Obama-Biden products available on CafePress. Today there are
        more than 107,000 items
        - http://shop.cafepress.com/obama-biden

    --  In just three hours of today's announcement that Palin is the
        Republican party's VP choice, users have uploaded more
        9,400 products geared towards the McCain-Palin ticket
        - http://shop.cafepress.com/mccain-palin; by 4:30 pm that
        number topped 16,000.

"The start of the conventions and the announcements of the VP candidates has truly triggered this election season," said CafePress VP of Marketing Amy Maniatis. "Merchandise sales indicate a great deal of political passion from the American public, and that 'instant response' we saw this week proves the Internet is playing a major role in how we participate in elections. That buzz is back."

The CafePress Meter (http://www.cafepress.com/cp/buy/elections08_meter), a real-time look at which candidate is selling the most gear, continues to chart the political temperature of America. According the CafePress Meter, Obama has been leading the "polls" with more than 58% of sales since November 2007, logging in 1.8 million products overall in the race to the White House.

About CafePress

CafePress is the leader in User-Generated Commerce and offers sellers turnkey e-commerce services to independently create and sell a wide variety of products, and offers buyers unique merchandise across virtually every topic. Launched in 1999, CafePress has empowered individuals, organizations and businesses to create, buy and sell customized merchandise online using the company's unique print-on-demand and e-commerce services. Today, CafePress is a growing network of over 6.5 million members who have unleashed their creativity to transform their artwork and ideas into unique gifts and new revenue streams.

CafePress has been tracking the sales of political T-Shirts and election merchandise supporting Presidential candidates on their Election Meter (http://www.cafepress.com/cp/buy/elections08_meter). Since Super Tuesday Barack Obama has held a clear sales lead over all candidates, and has emerged as the clear winner of the T-Shirt Primary with 51% of the overall sales.

For more information visit CafePress at www.cafepress.com.

Source: CafePress


T-Mobile Takes Action to Prepare for Hurricane Gustav Aug 29, 2008 08:07PM

BIRMINGHAM, Ala.--(BUSINESS WIRE)--

T-Mobile USA, Inc. is preparing for the potential impact of Hurricane Gustav along the Gulf Coast states, and is fully mobilizing all necessary resources to restore service to its customers and emergency first-responders if its cell sites are affected by the storm.

The T-Mobile Incident Command Team stands ready at the Birmingham Command Center and at locations throughout the Southeast and in Texas to mobilize teams of technicians and engineers as soon as post-hurricane conditions permit.

    --  In the event of widespread power outages, T-Mobile has
        thousands of gallons of fuel accessible and ready to roll into
        the affected areas to power cell site generators and company
        repair/transport vehicles, and for other emergency
        circumstances.

    --  To further supplement the fixed and portable back-up
        generators T-Mobile currently has in place at its cell sites
        throughout the region, dozens more portable generators are
        ready to be transported to impacted areas.

    --  To help protect its core network, T-Mobile is fortifying its
        network switch operations serving the Gulf Coast - including
        its switch in the New Orleans market, which remained
        operational through Hurricane Katrina, as well as in Mobile,
        Ala.

    --  Microwave radio equipment has been trucked into the region to
        facilitate data communication from the cell sites to
        T-Mobile's network switches, as backup, in the event T1 fixed
        line service fails.

    --  T-Mobile has several Cells-On-Wheels (COWs) pre-staged in
        neighboring markets to move in and provide additional wireless
        communications capacity in the hardest-hit areas.

    --  T-Mobile will monitor evacuation efforts and routes, and will
        take steps to increase wireless capacity in those areas as
        customers move inland.

    --  The company also is coordinating recovery efforts with local,
        state and national officials.

    T-Mobile Customer Tips

In order to better facilitate communication between families and loved ones, and to alleviate anticipated network congestion before, during and after any storm, T-Mobile recommends its customers follow these important tips:

    --  Utilize text messaging to communicate instead of voice calls.
        Text messaging has a greater success rate in getting through
        the network during high-usage periods versus voice calls.

    --  Keep your voice calls short in duration.

    --  Make sure your phone is fully charged prior to the storm.
        Consider obtaining a vehicle charger in the event of power
        loss.

    --  For T-Mobile Customer Care assistance, please visit
        http://my.t-mobile.com, call 611 from your T-Mobile handset,
        or dial 1-800-937-8997.

    About T-Mobile USA, Inc.

Based in Bellevue, Wash., T-Mobile USA, Inc. is the U.S. operation of Deutsche Telekom AG's Mobile Communications Business, and a wholly owned subsidiary of T-Mobile International, one of the world's leading companies in mobile communications. By the end of the second quarter of 2008, 125 million mobile customers were served by the mobile communication segments of the Deutsche Telekom group -- 31.5 million by T-Mobile USA -- all via a common technology platform based on GSM, the world's most widely used digital wireless standard. T-Mobile's innovative wireless products and services help empower people to connect to those who matter most. Multiple independent research studies continue to rank T-Mobile among the highest in numerous regions throughout the U.S. in wireless customer care and call quality. For more information, please visit www.t-mobile.com. T-Mobile is a federally registered trademark of Deutsche Telekom AG.

Source: T-Mobile USA, Inc.


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