latest news releases from the newsroom
Melco Crown Entertainment Limited
MPEL Announces Fourth Quarter 2008 Earnings
NEW YORK, Feb. 24, 2009 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq:MPEL) ("MPEL"), a developer and owner of casino gaming and entertainment resort facilities, today reported its unaudited financial results for the fourth quarter and full year ending December 31, 2008.
Javo Beverage Company Inc.
Javo Beverage Company Enters 2009 With 10,084 Dispensing Locations and $35 Million Annual Run Rate
SAN DIEGO, Feb. 24, 2009 (GLOBE NEWSWIRE) -- Javo(r) Beverage Company, Inc. (OTCBB:JAVO), a leading provider of premium dispensable coffee and tea beverages to the food service industry, today released a review of fiscal year 2008 and presented its outlook for the 2009. The Company ended 2008 with revenue increasing 55% to approximately $19.5 million and a customer base of 10,084 foodservice dispensing locations. The Company enters 2009 with an approximate annual run-rate of $35 million based on current customer dispensing locations and its existing non-dispensed products revenue. Management anticipates continued strong demand for new installations of its high quality, cost-saving beverage systems, especially in the healthcare and convenience store sectors of the foodservice market. The Company expects to report its full results for the year ending December 31, 2008 on or before March 16, 2009. Highlights for 2008 and its outlook for 2009 follow:
Silver Dragon Resources Inc.
Silver Dragon Updates Erbahuo Mining License Transfer From HIC to Chifeng Silver
BEIJING, Feb. 24, 2009 (GLOBE NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to report on the progress of the mining license transfer of Erbahuo Silver Mine. The license is being transferred from the current holder, Huaguan Industrial Corp. ("HIC"), a Chinese state-owned entity and Silver Dragon's joint venture partner, to Chifeng Silver Dragon Resources & Technologies, Ltd. ("Chifeng Silver"), an American-Chinese joint venture that will be 70% owned by Silver Dragon upon completion of the relevant government approval process. The mining license transfer process involves not only a change in license holder titles, but also constitutes a part of the permitting process for mine development and mill construction. To date, the following major mandatory steps have been completed: