Turning Pennies into dollars: (OTCBB: NILR.OB), (OTCBB: OSIIF.OB), (OTCBB: PTCEF.OB).
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TORONTO, ONTARIO-Apr 14, 2008 - (OTCBB: NILR.OB) Nilam Resources Inc. is pleased to announce that the company has received a financing commitment for $3 million. The financing will be used to complete the purchase of the company's Pativilca mine located in Peru and to increase production on the Pativilca mine. The Pativilca mine has a fully modernized and operational plant on site with production capacity currently at 50 tons/day. $1.5 million dollars will be used for full acquisition of mine and the remaining capital will be used for increase plant production capacity to 500 tons/day. Upon full acquisition the mine revenues are estimated at approx $9 annually and upon increase to 500 tons a day will increase revenues ten fold to approx $90 mm annually. The funds from the financing will give 'Nilam' full ownership of the revenue generated from all gold production at the Pativilca property.
'This equity financing commitment is the realization of our acquisition of this tremendously resource rich property and represents a significant milestone for our company. Today is a very exciting day for our shareholders.' stated Len DeMelt, Chairman of Nilam Resources Inc.
About Nilam Resources Inc.
Nilam Resources Inc. was established to focus on Peru's fast growing precious and base metals reserves, to become one of Peru's important foreign metal producers. Nilam Resources is a gold production company that is actively seeking more properties for its land portfolio in Peru and other countries in South America. Nilam Resources plans on becoming a major production company through acquiring additional producing mines and a series of joint ventures on high potential mining properties. The company counts on experimented professional resource having long standing relationships with Peru. This expertise coupled with their network of contacts allows the company to see some of the most sought after properties in the country along with a right of first refusal on exceptional projects.
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OTTAWA, CANADA-Apr 14, 2008 - (OTCBB: OSIIF.OB) OSI Geospatial Inc. announced today that its U.S. Systems Operations has signed a contract valued at approximately US$925.000. Under the terms of the contract, the company will further develop and enhance its Simulation Based Training technology for the U.S. Navy.
"We are pleased that our leading-edge training simulation technology is of interest to U.S. Navy and we are excited about contributing to this important project," said Ken Kirkpatrick, president and CEO of OSI Geospatial. "Our U.S. operations have developed significant capabilities in this area and this is evidence that we are getting some traction."
About OSI Geospatial
OSI Geospatial Inc. delivers advanced navigation and command and control technology that provides shared real-time situational awareness for military, safety and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange and the Over the Counter Bulletin Board . For additional information please visit www.osigeospatial.com.
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TORONTO, April 14 - (OTCBB: PTCEF.OB) Points International Ltd. , the world's leading loyalty reward solutions provider and owner of the Points.com portal, today released its business metrics for the first quarter of 2008. In the first quarter of 2008, transactions increased 28%, indicating that engagement has increased with some of our newly added deals. The Company is showing strong positive momentum into 2008, with overall points/miles transacted increasing 15% year-over-year to a record 3.2 billion points/miles, which is the second time the Company has posted over 3.1 billion points/miles.
"We continue to be extremely successful growing our business with leading loyalty programs, launching JetBlue and Amtrak on principal-based partnerships since the start of 2008," said Rob MacLean, CEO of Points International. "We have a strong pipeline of activity going forward and continue to see solid growth in our overall metrics. During the quarter, we experienced our highest transactional activity in the Company's history. March was particularly strong with a record of 1.1 billion points/miles transacted, and the number of transactions up 39% on private branded channels and 10% on Points.com channels versus 2007.
"Our loyalty partners continue to see the true value unlocked from our products and solutions evidenced by the $60 million in gross revenue we transacted for the industry just this quarter. This increase of 25% versus the first quarter of 2007 is a great sign of the robustness of our products and services worldwide. Throughout 2008 we will remain focused on expanding our relationships with new and existing partners, fueling the Global Points Exchange and launching new products to drive more traffic across our platform," concluded Mr. MacLean.
About Points International Ltd.
Points International Ltd. is owner and operator of Points.com, the world's leading reward-program management portal. At Points.com consumers can Swap, Earn, Buy, Gift, Share and Redeem miles and points from more than 25 of the world's leading reward programs. Participating programs include American Airlines AAdvantage® program, American Express® Membership Rewards®, Aeroplan®, AsiaMiles, British Airways Executive Club, Northwest WorldPerks®, Wyndham Hotel Group's TripRewards®, Delta SkyMiles®, and InterContinental Hotels Group's Priority Club® Rewards. Redemption partners include Amazon.com® and Starbucks.
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