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China Jiangsu Golden Horse Steel Ball, Inc. (Pink Sheets: CJGH ) (Frankfurt:4J3.F) (January 30, 2008), a leading Chinese manufacturer and supplier of ball bearings, wishes to announce that it has received its European listing on the Frankfurt Stock Exchange with the ticket symbol of "4J3." The approval of the European listing on the Frankfurt Stock Exchange is an important move in order to broaden the Company's shareholder base and increase exposure to worldwide capital markets, and it is part of Golden Horse's international strategy.
The Frankfurt Stock Exchange is the world's third largest organized Exchange-trading market in terms of turnover and dealings in securities. It ranks third in the world behind NYSE and NASDAQ. It is owned and operated by Deutsche Borse, which also owns the European futures exchange Eurex and clearing company Clearstream.
Golden Horse along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.
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Fox Petroleum Inc (OTCBB: FXPE) (January 30, 2008) is pleased to provide evaluation results for the Bourbon prospect located in the central North Sea. Analysis of the report shows that Fox's 46% stake in the Bourbon prospect could amount to a high estimate of almost 54 Million Stock Tank Barrels of Oil Initially in Place.
As part of the farm-in agreement, Fox will be working with its joint-venture partners Valiant Petroleum Limited and Petrofac Energy Developments Limited to develop the project during 2008. Pursuant to the agreement, Fox agreed to obtain a 46% working interest in the project and as a part of the consideration for the interest, Fox agreed to pay for 89% of an exploration well which is planned to be drilled in 2008.
Valiant Petroleum has contracted the oil services company RPS Energy to do a full analysis of the hydrocarbon bearing and economic potential of the Bourbon prospect as part of a Competent Persons Report on Valiant's entire portfolio. RPS Energy provides technical and operational advice and input on commercial energy projects located around the world, from the start of a project right through the life cycle to completion.
Two major production facilities exist in adjacent blocks, including; Eider to the west and Magnus to the North. The existing pipeline and production infrastructure links could be utilized by Fox in the event of a discovery. The Eider field has a very similar geological structure as the Bourbon prospect, and is currently producing 1900 barrels of oil per day. The existing pipeline has a total capacity of 50,000 barrels of oil per day representing a vast excess in capacity for production.
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Compliance Systems Corporation (OTCBB: COPI) (January 30, 2008), a telecom service company focused on providing compliance technologies and methodologies to the teleservices industry, has announced an agreement with NobelBiz Corporation, a leading supplier of telecommunication services and a VoIP provider. NobelBiz will utilize the TeleBlock Do-Not-Call features for application within its worldwide business network.
The TeleBlock features ensure compliance with the various Federal and State Do-Not-Call regulations for NobelBiz's Contact Center clients. The TeleBlock service will enhance the existing NobelBiz voice network.
Dean Garfinkel, Chairman and CEO of Call Compliance stated, "The diversified solutions that TeleBlock offers in combination with NobelBiz, a leading Contact Center VoIP provider, creates a great platform to reach world-wide markets in places such as India, Philippines, and Australia. We are pleased to be able to partner our technologies worldwide, and look forward to our growth together."
Richard Mahfouz, CEO of NobelBiz Corporation further explained, "The TeleBlock technology provides an effortless and convenient way to enhance our business strategy. It's a simple fit to avoid unnecessary mistakes for users, and we are excited to add the TeleBlock feature to further enhance the personalized services we provide to the Contact Center community."
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Capital Gold (OTCBB: CGLD) (January 30, 2008) has notified AngloGold Ashanti North America (AngloGold) that pursuant to the terms of the Stock Purchase Option Agreement dated effective December 15, 2000, between AngloGold and Capital Gold Corporation, Capital Gold has made a good faith determination that the drill indicated resources at the El Chanate gold mine now exceed two million ounces of contained gold. The term "drill indicated resources" is defined in the agreement. A drill indicated resources number does not rise to the level of, and should not be considered proven and probable reserves as those terms are defined under SEC guidelines.
AngloGold now has 180 days to determine whether or not it will choose to exercise its one time back-in right to acquire a 51% interest in the El Chanate project, for a purchase price equal to two times the total project costs, as defined in the agreement, since 2001.
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