latest news releases from the newsroom
PremierWest Bancorp Announces 2008 Financial Results
MEDFORD, Ore., Jan. 29, 2009 (GLOBE NEWSWIRE) -- PremierWest Bancorp (Nasdaq:PRWT) announced net income for the full year ended December 31, 2008 of $648,000, and earnings per share on a fully diluted basis of $0.02.
Gold Coast Mining Corp.
Hot Web, Inc. Enters Joint Venture Mining Agreement
BOSTON, Jan. 29, 2009 (GLOBE NEWSWIRE) -- Hot Web, Inc. (Pink Sheets:HWBI) announced today that it has entered into a Definitive Joint Venture Agreement with Western Sierra Mining Corp. (Pink Sheets:WSRA) on several mining properties owned or controlled by WSRA. The mining properties subject to the joint venture include, the Eagle and Ore Cache Group, The Big Chief Mining Group and the Gold Basin Mine. Most notable of the mines is the Gold Basin Mine. The Gold Basin Mine is in production and Hot Web will be providing the capital to expand production by funding a 25-yard per hour plant. The joint venture agreement calls for Hot Web to receive 25% of the profits at Gold Basin for the duration of the project. For its involvement in the other projects, Hot Web will receive a 50% interest in the joint venture.