latest news releases from the newsroom
Mining Sector Profits Up 64 Percent, PricewaterhouseCoopers Report Shows
PHOENIX, June 21, 2007 (PRIME NEWSWIRE) -- A report by PricewaterhouseCoopers, 'Mine -- Riding the wave,' shows that 2006 was another spectacular year for the global mining industry, with net profits rising by 64 percent. They are now 15 times higher than their 2002 level, while return on equity reached 33 percent compared to 26 percent in 2005. The report also finds that net cash inflow from operating activities was $76.7 billion, an increase of 40 percent compared to 2005. Cash is being used to fund organic growth and spending on investment activities grew by 83 percent.
CanAm Uranium Corp.
CanAm Uranium Corporation SqueezeTrigger Price is $0.98
LAS VEGAS, June 21, 2007 (PRIME NEWSWIRE) -- CanAm Uranium Corp. (OTCBB:CAUI) announces that BUYINS.NET, www.buyins.net, is reiterating coverage of CanAm Uranium Corporation after releasing the latest short sale data to June 2007. From December 2006 to June 2007 approximately 54.8 million total aggregate shares of CAUI have traded for a total dollar value of nearly $53.7 million. The total aggregate number of shares shorted in this time period is approximately 4.2 million shares. The CAUI SqueezeTrigger price of $0.98 is the volume weighted average short price of all short selling in CAUI. The first of several short squeezes is expected to begin when shares of CAUI close above $0.69. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
MicroIslet Completes $1 Million Private Placement
SAN DIEGO, June 21, 2007 (PRIME NEWSWIRE) -- MicroIslet, Inc. (OTCBB:MIIS), a biotechnology company engaged in the development and commercialization of patented technologies in transplantation therapy for people with insulin-dependent diabetes, announced today that it has entered into an agreement for the sale of common stock to accredited investors for gross proceeds of approximately $1 million. The company has agreed to sell an aggregate of approximately 2.6 million shares and to issue to the investors warrants to purchase an aggregate of approximately 1.3 million shares. The warrants have an exercise price of $0.60 per share and are exercisable for a period of 5 years commencing in one year. The company expects to use the proceeds of the financing for working capital purposes.
Lantronix Announces Contract for Wireless Medical Point-of-Care Application
IRVINE, Calif., June 21, 2007 (PRIME NEWSWIRE) -- Lantronix, Inc. (Nasdaq:LTRX) today announced a multi-year product development and supply agreement with a leading maker of blood glucose monitoring solutions. Lantronix will develop a custom, battery-operated version of its commercially-available WiBox(r) 802.11 b/g wireless device server for the manufacturer's medical point-of-care application. Terms of the agreement include a non-recurring payment and minimum quantity purchase commitment valued at approximately $360,000 over the initial 12 months of production and an additional minimum commitment for approximately $490,000 of next-generation technology based on certain project milestones.