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Black Dragon Resource Companies, Inc. (Pink Sheets: BDGR ) (January 3rd, 2008) On January 2, 2008, Mr. Joe Lanza, President of Black Dragon Resource Companies, Inc. announced that negotiations with a Joint Venture Funding Partner, as previously announced last week, were close to being completed.
Mr. Lanza reiterated that the Funding Joint Partner has agreed to provide the Joint Venture with a significant investment of at least $100,000,000. He added that the Joint Venture Partner had just confirmed to its satisfaction that the Company's oil and gas reserves have a value of at least $2.7 billion dollars and that it was prepared to move forward with the transaction, subject to finalization of its audit, which should be completed within a week.
Mr. Lanza also reported that the Joint Venture Partner and the Company had agreed in principle to all terms of the Joint Venture Agreement, the completion of which is now subject only to Counsel's review.
Further, and perhaps most significant, Mr. Lanza reported that he had met with the proposed new management team who, according to Mr. Lanza, has the extensive experience in both oil and gas technology and in production management to ensure the success of the Joint Venture and the full and proper development of Black Dragon's extensive resources.
Management believes that all details of the Joint Venture will be finalized prior to the Annual Meeting on January 16, 2008, so that the matter could be considered by the Stockholders at that time.
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Sunrise Consulting Group, Inc. (Pink Sheets: SNRS ) Signs Letter of Intent with Cao Tian Iron Ore Mines, ZhuZhou City, Hunan Province, PRC "CHINA" for the concession rights to mine this particular area of that region for at least 30 years. The letter sets forth the basic terms and conditions under which both parties have agreed to.
Sunrise Consulting Group, Inc. will issue 1 million shares of preferred stock to own 100% of the mining rights when signing the final agreement. These shares will have guaranteed buyback options within 24 months at $1.00 USD per share. Total buyback will be $1,000,000 USD.
This particular parcel of land stretches to an astounding 3 square miles and the mountain has an estimated 3 million tons of Iron Ore that can be mined over the next 30 years. The company plans to rapidly move forward in accordance with terms and conditions set forth in the proposed agreement (LOI).
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Navistar International Corporation (Pink Sheets: NAVZ ) At a special ceremony today to honor the men and women of the nation's Armed Services, assembly-line workers proudly presented military personnel with the 1,000th International MaxxPro Mine Resistant Ambush Protected (MRAP) vehicle from International Military and Government, LLC, a wholly owned affiliate of Navistar International Corporation.
Elected Officials, military personnel and numerous Navistar employees gathered together at the company's West Point, Mississippi plant where final assembly of the MaxxPro MRAP vehicle occurs to mark the special occasion and pay tribute to the troops serving in harm's way. MaxxPro MRAP vehicles are designed to protect troops from roadside bombs and other threats.
"We gather today at Navistar to honor the service and sacrifice of the troops with a special presentation of our 1,000th MaxxPro MRAP vehicle," said Archie Massicotte, president of International Military and Government, LLC. "The men and women of Navistar who build the MaxxPro MRAP vehicle are proud to know that we're doing our part to help protect those who serve in harm's way, and it's a privilege."
In just five months of production Navistar delivered its 1,000th MaxxPro MRAP vehicle to the military, and next month the company will reach another production milestone of 500 MRAP vehicles in a single month. Moreover, the company's swift production ramp up is set to manufacture 1,000 MaxxPro's in the months of March and April - combined. Currently, there are more than 700 MaxxPro MRAP vehicles in theater.
With dealerships in Iraq and Afghanistan, Navistar has nearly 1,000 dealership locations worldwide with facilities in 75 countries outside North America. In the past, Navistar has built more than 160,000 commercial trucks and school buses and 560,000 diesel engines in a 12-month period.
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China Technology Development Group Corporation (Nasdaq: CTDC), a provider of clean and renewable energy products and solutions focusing on solar energy business in China, today announced that it held a ribbon cutting ceremony to showcase the first SnO2 production line at China Merchants Zhangzhou Development Zone on December 28, 2007.
Accompanied by Mr. Alan Li, our Chairman and Chief Executive Officer, many important government and business leaders including Dr. Yuning Fu, President of China Merchants Group ("CMG"), Mr. Zheng Hu, Vice President of CMG, Mr. Keqing Liu, Secretary General of Zhangzhou Government, Mr. Jianguo Li, Mayor of Zhangzhou City, and Mr. Bin Wu, General Manager of China Merchants Zhangzhou Development Zone, participated in this important opening ceremony. All of participants also had an opportunity to tour CTDC's 129,000 square feet manufacturing facility. The local government officials not only publicly endorsed CTDC's investment in the solar energy sector focusing the China market, they also vowed to provide all necessary government support and other incentives, such as land and grant, to CTDC in the future.
This ceremony marks another key milestone for the company to manufacture and sell the proprietary SnO2 base plates, a key component of a-Si (Amorphous Silicon) Thin Film PV products, which can optimize the performance of Building Integrated Photovoltaic (BIPV). BIPV involves solar panels integrated directly into a building's architecture to provide one source of electricity for the building. Amorphous-silicon material is itself semi-transparent and thus is most suitable for transparent modules.
"We are honored to have so many government and business leaders to attend the opening ceremony of our first showcase production line, and receive full support and endorsement from them on our new expansion into solar energy business in China," commented Mr. Alan Li, Chairman and CEO of CTDC, "Under the vast investment holdings by China Merchants Group, we are the only platform which focuses exclusively on alternative energy and Green technology development. We fully intend to leverage the abundant resource and support from CMG, our principal shareholder, to become a leader in clean and renewable energy sector in China, and ultimately deliver greater shareholder value."
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