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Archive for August, 2011

Toronto, Ontario CANADA, August 17,2011 – McLaren Resources Inc. (MCL – CNSX, 3ML – FWB)(“McLaren” or the “Company”) has retained the services of AGORACOM Investor Relations (“AGORACOM”) (http://www.agoracom.com) to provide online investor relations services. AGORACOM will specifically provide an online investor relations community for current shareholder communications, as well as, online marketing through search engines, social networks and Tier-1 financial content partners for the purpose of attracting new shareholders.

Online Investor Relations Maximizes Speed, Transparency and Company Access

In response to overwhelming data representing the online research and communications habits of small-cap investors, McLaren chose online investor relations to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.

Effective immediately, a customized and monitored McLaren IR HUB will be available at http://agoracom.com/ir/McLarenResources, allowing management to communicate with shareholders anytime and in near real-time through our electronic shareholder forum http://agoracom.com/ir/McLarenResources/forums/discussion. Moreover, the IR HUB will provide McLaren management with the ability to extend communications beyond text via audio messages, video presentations, Skype broadcasts, webcasts and podcasts.

As a component of McLaren’s investor relations needs, investors are encouraged to visit our IR Hub at http://agoracom.com/ir/McLarenResources where they can post questions and receive answers within the same day, review questions and answers posted by other investors, speak with fellow shareholders in a monitored environment and stay current on company developments.

Company President and CEO, Ivan Buzbuzian comments, “After shedding assets and refocusing the company, we are very confident about the current and future status of McLaren. As such, we’re embarking on a campaign to both increase communications with existing shareholders and attract new shareholders to our story. We encourage everyone to get involved and maximize the strength of our online IR campaign.”

The terms of the agreement are as follows, McLaren will pay AGORACOM $3,500 (+hst) per month for a period of six months with an option to renew for an additional six months. McLaren will grant AGORACOM 125,000 options priced at $0.20 vesting quarterly. Note: 62,500 options will be null and void if McLaren does not renew after initial 6 months term.

About AGORACOM

AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America’s largest online investor relations firm for small-cap companies. We have partnered with some of the world’s biggest internet and mobile companies to market our clients to a massive audience of new small-cap investors. We have served over 250 small-cap public companies and our industry pioneering online investor relations platform (http://www.Agoracom.com) has held an Alexa traffic ranking above the top 0.5% of all websites around the world since 2007.

AGORACOM averages 1.1 million investors, 7.4 million visits and 75 million page views annually.

McLaren Resources Inc. is a Canadian based junior exploration company engaged in acquiring, exploring, and developing resource properties with a focus on Canada.

Contact Information:

Ivan Buzbuzian
President and CEO
McLAREN RESOURCES INC.
65 Queen Street West, Suite 520
Toronto ON, M5H 2M5
Tel.: 416-203-6784 / Fax: 416-368-1539
E-mail: ibuzbuzian@mclarenresources.com

For more information visit our web site at www.mclarenresources.com or contact Ivan Buzbuzian, President and CEO of McLaren Resources, at 416-203-6784 x 4850.

The Canadian National Stock Exchange has neither approved, nor disapproved on the contents of this press release.

Certain statements contained in this press release constitute “forward looking statements”. These statements are based on current expectations of management, however are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. The Company does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.

To view this release as a web page, please click on the following link:

http://www.usetdas.com/pr/mclaren08172011.htm

Form 10-Q for the period ended June 30, 2011

Posted by admin On August - 12 - 2011

Dear Omagine Investors,

Please be advised that Omagine, Inc. has filed its quarterly report with the SEC today on Form 10-Q for the period ended June 30, 2011.

To review the complete filing please use the link below, or to review all corporate filings, please click on the “View Filings” section of the main page of the Omagine hub here at Agoracom. See below in this posting for excerpts from the report.

http://sec.gov/Archives/edgar/data/820600/000101376211002125/form10q.htm

Regards,

AGORACOM

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The Development Agreement has now been approved by all the required Ministries of the Government of Oman.

In July 2011 the newly appointed Minister of Tourism approved the DA for the Omagine Project and sent a formal letter to His Majesty the Sultan requesting the Sultan’s final approval of the project. Since His Majesty the Sultan is a 25% shareholder of Omagine LLC, management expects this royal approval formality to be forthcoming in the ensuing days.

The registration with the Ministry of Commerce & Industry (“MCI”) of Oman of the ownership positions of the Omagine LLC shareholders (the “Registration”) is a necessary condition precedent to the signing of the DA. All necessary documentation for the Registration process has now been received by the Company’s attorneys in Oman and completion of the Registration process is expected to occur imminently

August 2011 is the holy month of Ramadan and management presently expects the Development Agreement to be signed by the Government and Omagine LLC either during Ramadan or by mid-September 2011.

While this process has experienced many delays, management remains confident that the although the precise date for the signing of the DA is not possible to predict at this time, management presently believes that it will be signed before September 15, 2011. As of the date of this report, management believes that the only remaining task to be accomplished before signing the DA is the imminent completion of the Registration.

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The Shareholder Agreement defines the “Pre-Development Expense Amount” as the total amount of expenses incurred by the Company prior to the signing of the DA. Such expenses were incurred with respect to the planning, concept design, re-design, engineering, financing, capital raising costs and promotion of the Omagine Project and the negotiation and conclusion of the Development Agreement with the Government.

The Shareholder Agreement (i) estimates the Pre-Development Expense Amount to be approximately nine (9) million U.S. dollars and (ii) defines the Success Fee as being equal to ten (10) million dollars.

As provided for in the Shareholder Agreement, Omagine, Inc. will, receive payment in full of:
(i)               the Pre-Development Expense Amount and, 
(ii)              the $10 million Success Fee.

The ten (10) million dollar Success Fees will be paid to Omagine, Inc. in five annual two (2) million dollar installments beginning on or within ten (10) days after the Draw Date.

Fifty percent (50%) of the Pre-Development Expense Amount will be paid to Omagine, Inc. on or within ten (10) Days after the Draw Date, and the remaining fifty percent (50%) will be paid to Omagine, Inc. in five equal annual installments beginning on the first anniversary of the Draw Date.

Pursuant to the Shareholder Agreement:

1. CCIC’s two subsidiaries will invest an aggregate of 19,010,000 Omani Rials (equivalent to $49,426,000) into Omagine LLC.

2. RCA will invest an aggregate of 7,678,125 Omani Rials (equivalent to $19,963,125) into Omagine LLC

3. Omagine Inc. will invest an aggregate of 300,000 Omani Rials (equivalent to $780,000) into Omagine LLC

The ownership percentages of Omagine LLC presently are:

Omagine, Inc. 60%

RCA 25%

CCC-Panama 10%

CCC-Oman 5%

Subsequent to the above cash investments into Omagine LLC being made by the New Shareholders and Omagine, Inc., the capital of Omagine LLC will be 26,988,125 Omani Rials (equivalent to $70,169,125). The capital of Omagine LLC will likely be increased further at a later date by the non-cash capital increase resulting from the valuation of the PIK.

The financial results of Omagine LLC will be consolidated into the financial results of the Company in accordance with accounting principles generally accepted in the United States. As a result of its 60% ownership of Omagine LLC, the Company will experience two (2) separate and substantial increases in net worth on a consolidated basis on or shortly after the Financing Agreement Date as follows:

(i) $42,101,475, which is 60% of the $70,169,125 of cash capital investments which will be recorded at such time as capital on Omagine LLC’s financial statements, and

(ii) a very substantial, but as yet undetermined amount, which will be 60% of the valuation of the PIK, which valuation will be recorded at such time as capital on Omagine LLC’s financial statements.

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AGORACOM Small Cap TV – August 11th – Highlights

Posted by admin On August - 11 - 2011

Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s Aug 11th, 2011, and we’ve found 8 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

Minera Andres Incorporated

Minera Andes Inc. (the “Company” or “Minera Andes”) (TSX:MAI)(OTCBB:MNEAF)

Minera Andes Announces Second Quarter 2011 Financial Results

Minera Andes Inc. (the “Company” or “Minera Andes”) (TSX:MAI)(OTCBB:MNEAF) is pleased to announce net income of $10.7 million ($0.04 per share basic and diluted) for the quarter ended June 30, 2011, an increase of $6.4 million compared to net income of $4.3 million ($0.02 per share basic and diluted), for the same period in 2010.

The increase is primarily attributable to the strong performance of the San Jose Mine where our 49% ownership interest is reflected in our income from investment in Minera Santa Cruz S.A. (“MSC”) which increased from $4.1 million in Q2 2010 to $13.5 million in Q2 2011. Comparing Q2 2010 to Q2 2011, silver ounces sold at MSC increased from 1,295,000 ounces (“oz”) to 1,584,000 oz reflecting an increase of 22% and gold oz sold remained at 22,000 oz. MSC also benefitted from higher silver and gold prices: the average weighted gross sale price for silver was $36.18 per oz in Q2 2011 compared to $18.21 per oz in Q2 2010, a 99% increase; the average weighted gross sale price for gold was $1,496 per oz for gold compared to $1,233 per oz, a 21% increase.

About Minera Andes

Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: A 49% interest in Minera Santa Cruz SA, owner of the San Jose Mine in close proximity to Goldcorp’s Cerro Negro project; 100% ownership of the Los Azules copper deposit with an inferred mineral resource of 10.3 billion pounds of 0.73% Cu copper and an indicated resource of 2.2 billion pounds of 0.52% Cu copper; and, 100% ownership of a large portfolio of exploration properties in Santa Cruz province, Argentina, including properties bordering the Cerro Negro project in Santa Cruz Province.

Last Trade: 2.2952 Week: 3.58 – 0.7682Market Cap: 647.38 Million

Link to HUB

Cphi

China Pharma Holdings, Inc. (NYSE AMEX: CPHI)

China Pharma Holdings, Inc. Reports Second Quarter 2011 Financial Results

China Pharma Holdings, Inc. (NYSE AMEX: CPHI) (“China Pharma” or the “Company”), a specialty pharmaceuticals company in China, today announced financial results for the quarter ended June 30, 2011.

Second Quarter 2011 Highlights

Revenue increased 18% to $19.6 million from $16.6 million in the Second quarter of 2010.

Cashflow from operations rose 10% to $3.6 million from $3.3 million in first six months of 2010.

Gross profit for the three months ended June 30, 2011 was $7.28 million, which was approximately 3% higher compared to $7.04 million in the second quarter of 2010. Our gross margin for the second quarter of 2011 was 37.2%, compared to 42.4% in the corresponding quarter of 2010.

Operating income was $5.8 million in the second quarter of 2011, down 3% from $6.0 million in the second quarter of 2010.

Net income for the second quarter of 2011 was $5.1 million, or $0.12 per basic and diluted share, compared to $6.1 million, or $0.14 per basic and diluted share, in the second quarter of 2010.

Six Months Results

Revenues for the six months ended June 30, 2011 were $37.7 million, up 19% from revenues of $31.7 million for the six months ended June 30, 2010. Gross profit for the six months ended June 30, 2011 was $14.2 million, up 7% from gross profit of $13.2 million for the corresponding period of 2010. Gross margin was 37.5%, compared to 41.5% for the first six months of 2010. Operating income was $11.1 million, up 2.9% from $10.8 million for the first six months of 2010. Net income was $10.2 million, or $0.23 per basic and diluted share, compared to $11.4 million, or $0.26 per basic and diluted share, for the same period a year ago.

About China Pharma Holdings, Inc.

China Pharma Holdings, Inc. is a rapidly growing specialty pharmaceutical company that develops, manufactures and markets a diversified portfolio of products focused on conditions with a high incidence and high mortality rates in China, including cardiovascular, CNS, infectious, and digestive diseases.

Last Trade: 2.2552 Week: 3.27 – 1.59Market Cap: 97.66 Million

Link to HUB

Cord Blood America, Inc. (www.cordblood-america.com) (OTC Bulletin Board: CBAI)

Cord Blood America Six Month Revenues Up 61 Percent; Gross Profit Up 100 Percent

Cord Blood America, Inc. (www.cordblood-america.com) (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells to families nationwide and internationally, today announced revenues of $2.89 million for the first six months of 2011, up 61 percent compared to revenues of $1.79 million in the same period in 2010. Revenues for the second quarter ended June 30, 2011 totaled $1.43 million, up 50 percent compared to revenues of $951,561 in the second quarter of 2010.

Gross profit totaled $1.96 million for the first half of 2011, up 100 percent compared to 2010, and $970,603 in the second quarter of 2011, up 76 percent from the comparable period in 2010. “We anticipate that, by growing and expanding our business, and processing and storing cord blood in our own facilities, our direct costs will continue to decrease and our gross profits will continue to improve,” said Matthew Schissler, co-founder and CEO.

Biocordcell Argentina S.A., Buenos Aires, contributed $890,000 to the six month revenue totals and Stellacure, GmbH, Hamburg Germany, which serves families in Germany, Spain and Italy, contributed $288,000 to revenues through June 30, 2011. The balance, $1.7 million, is from storing umbilical cord blood stem cells at birth for families in the U.S. and the collection of placentas for major tissue banks.

About Cord Blood America

Cord Blood America is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders.

Last Trade: 0.10452 Week: 0.30 – 0.06Market Cap: 7.09 Million

AGORACOM WIRE – WEEKEND EDITION

10:15 AM … BREAKING …. S&P STRIPS UNITED STATES OF AAA CREDIT RATING …. Full Details

Does This Now Make QE3 A Lock? We Don’t See Any Other Choice … Any Fallout In Bond Market Creates Higher Interest Rates, Making US Debt Service Untenable … GOLD … GOLD … GOLD


To America … Emigrate To Canada … Fast This Post By George Caused A Stir Around The Web On July 27th … Hold On To Your Hats Now That It’s Been Updated

In Case You Were Wondering … Complete S&P Sovereign Ratings List … Where Does Your Country Stand?

Blame Boehner & GOP … This Is Not A Political Statement, This Is Fact. Brinkmanship Worked Politically, Failed Financially … See George’s Warnings + S&P Statement Yesterday Citing “Brinkmanship” Factor

QE3 RISING? (Updated)

Almost Every Headline Believes So (QE3 News Results)

On March 30th, then again on April 11th, George predicted QE3 would be delayed due to politics, cause damage and then be ushered in … We Don’t See How It Can Be Avoided Now

  • AMERICA LOSES AAA RATING
  • Markets Hit Hard Since QE2 Ended June 30th
  • FOMC Meeting Is August 9th
  • Marc Faber – Next Week Will Show If Bernanke Is A True Money Printer, Or An Amateur ZeroHedge
  • Former Federal Reserve Officials Signal QE3 Support AGORACOM Twitter

GOLD AND SILVER – The Sky Is The Limit

1:1 Gold / Dow Ratio? See The 200 Year Chart And Discuss … This Article Continues To Be A Favourite Amongst Members

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