latest news releases from the newsroom
Sierra Gold Corporation
Sierra Gold Corporation Announces Gold Production Numbers for March and Diamond Potential At Southern Sites
TORONTO, April 21, 2009 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) today announced that the March gold production yielded over 57 troy ounces of gold and evidence of significant diamond potential on its properties. As mentioned in the company's previous press release, the equipment used on the properties was out of service through March 10 for repairs, so the extraction numbers for March are for a short month of production. On a more positive note, all equipment is now in full service and the company expects gold extraction figures for April and May to reflect full production from the equipment. In addition to the March gold production, the company's Joint Ventures in the South have consistently, on a daily basis, found several clear and colored diamonds on those properties leading management to expect they will continue to find larger diamonds in greater quantities as more gravel is processed.
Generex Biotechnology Corp.
Generex Announces Agreement With the Immune Tolerance Network
WORCESTER, Mass., April 21, 2009 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (Nasdaq:GNBT) (www.generex.com) announced today that Antigen Express, Inc., the Company's wholly-owned immunotherapeutics subsidiary, and the Immune Tolerance Network (www.immunetolerance.org) have signed an agreement aimed at implementing a better diagnostic test for Type-I Diabetes. The diagnostic test is based on technology being developed by Antigen Express. The ability to identify patients with autoimmune or Type-I Diabetes earlier and more accurately would greatly benefit the management of such patients.
Neah Power Systems, Inc.
NEAH Power Systems and Hobie Cat Explore Fuel Cells to Propel Boats Using Green Power Methanol
SEATTLE, April 21, 2009 (GLOBE NEWSWIRE) -- NEAH Power Systems, Inc., (OTCBB:NPWS), the Company developing fuel cells for the military and portable electronic devices, announced today it has signed a technology license agreement with Hobie Cat Company, manufacturer of world-class sail and fishing boats, to jointly explore utilizing the Company's patented, silicon-based fuel cells to power Hobie Cats' various boat products. NEAH's fuel cells use renewable methanol, a cost efficient, sustainable and "green" mode of energy. Dr. Chris D'Couto, NEAH's President and Chief Executive Officer, noted that NEAH fuel cells operate in both aerobic and anaerobic manner, which applies directly to Hobie's water environment. "Our micro fuel cells may eventually replace batteries for most uses," D'Couto said, "meaning that cost-efficient and "green" technology is at hand to not only preserve the environment, but to provide nearly perpetual power to the military, manufacturers of almost any product that require an energy source, and to the millions of consumers who require energy on the go."
Mechel OAO Continues Implementation of Its Cement Production Project
MOSCOW, April 21, 2009 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces obtaining of decision from OeKB Austrian insurance agency to issue insurance coverage for the credit agreement which is to be made to finance the contract between Mechel's subsidiary, Mechel Materials OOO, and FMW of Austria. The contracts are prepared as part of Mechel's project to launch its own cement production.