Turning Pennies into dollars: (OTCBB: STIY), (OTCBB: SLGLF), (OTCBB: SWVC), (OTCBB: SHGPF).
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March 24, 2008 -- Stinger Systems, Inc. (OTC Bulletin Board: STIY), a leader in electro-stun technology today announced that the Cook County Sheriff's Office has purchased Stinger Systems' Band-It electronic prisoner transport cuff and Stinger's Ice Shield electronic crowd control shield.
Stinger Systems provides electro stun products to many of the Department of Corrections facilities in the United States as well as the US Marshals and the Federal Bureau of Prisons.
ABOUT STINGER SYSTEMS
Stinger Systems, Inc., a leading provider of electro stun technologies, develops and sells a broad array of products utilizing advanced electro sparc-pulsed technology to police, corrections, and security sectors worldwide.
STIY "closed yesterday at $0.72 per share."
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March 25, 2008 -- Silverado Gold Mines Ltd (Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL) - Silverado Gold Mines Ltd. announced the second set of strong assay results from its most recent underground exploration at Workman's Bench.
An Executive Briefing may facilitate readers and investors to better understand the significance of recent Silverado assay findings. Silverado Gold Mines Ltd. assay results from samples collected underground from individual quartz and antimony-quartz veins demonstrated gold grades as high as 1.04 toz/ton (35.80 g/ton), in addition to antimony grades up to 64.34%.
"The Silverado assay results are most encouraging," stated Garry L. Anselmo, "and are highly indicative that all of our exploration, drilling and sampling work at Workman's Bench (Nolan Creek, Alaska), has been paying off. Our 2008 Nolan Creek Exploration Plan has recently been completed. Five million dollars financing has been secured to carry out our 2008 Plan. It is important to note that all mine infrastructure is paid up and in place, including all materials, equipment and permits. Our people are preparing to re-commence activities in anticipation of the Arctic Alaska winter to end, which should be sometime in April. All of this has been progressively reported in our Press Releases. If you follow the trend, you will see news shaping up at Silverado."
Silverado Gold Mines is planning an extensive drilling program at Workman's Bench to define the gold and antimony mineralization at depth over a strike length of 1,500 feet from Smith Creek, down to the Nolan landing strip. Once this program is completed, drilling will continue on Pringle Bench. The drilling program at Pringle Bench will be designed to intersect the gold and antimony mineralized zones at the Workman's Bench level. The gold and antimony mineralized zones at Workman's Bench and Pringle Bench are both open laterally and at depth.
Further underground exploration of the Workman's Bench and possibly Pringle Bench will be dependant on current assays combined with the assay data gained from this spring and summer's drilling program as well as full channel samples to be cut in the Workman's Bench mineralized zone.
Silverado is an international company focused on gold exploration, and a new environmentally friendly Fuel Technology. Silverado has gold properties located throughout Alaska which include the 100% owned Nolan Placer Gold Mine. Trading Symbols - OTC BB - SLGLF, FRANKFURT - SLGL. Silverado Gold Mines Ltd. http://www.silverado.com
SLGLF "closed yesterday at $0.053 per share."
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March 24, 2008--Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) (“Seaway Valley”) announced today that its wholly owned subsidiary, Patrick Hackett Hardware Company (“Hackett’s”), has finalized its assumption of the RadioShack franchise stores in Tupper Lake, NY and Pulaski, NY – both former WiseBuys’ franchises. Seaway Valley acquired both WiseBuys Stores, Inc. and Patrick Hackett Hardware Company in 2007 and is merging the operations of the two retailers under the “Hackett’s” brand.
“We are pleased that RadioShack has approved these store transfers, thus establishing its relationship with Hackett’s,” stated Hackett’s CEO, Norm Garrelts. He continued, “RadioShack stores within the operations have historically been a profitable asset for the company, and our customers appreciate the wide merchandise selection that RadioShack offers. In addition to the assumption of these legacy stores, Hackett’s will be seeking to build upon and grow its relationship and partnerships with the RadioShack organization.”
RadioShack offerings include wireless telephones and communication devices, such as scanners and two-way radios; flat panel televisions, residential telephones, DVD players, computers, and direct-to-home (DTH) satellite systems; home entertainment, wireless, imaging, and computer accessories; general and special purpose batteries; wire, cable, and connectivity products; and digital cameras, radio-controlled cars and other toys, satellite radios, and memory players. The company also provides consumers access to third-party services, such as wireless telephone and DTH satellite activation, satellite radio service, prepaid wireless airtime, and extended service plans. In addition, it manufactures various products, including telephony, antennas, wire, and cable products, as well as hard-to-find parts and accessories for consumer electronics products.
Hackett’s operates nine locations including Canton, Gouverneur, Hamilton, Massena, Ogdensburg, Potsdam, Pulaski, Tupper Lake, and Watertown – all in New York. Hackett’s is also seeking additional locations in New York, Vermont, Massachusetts, Connecticut, and Pennsylvania.
About Patrick Hackett Hardware Company
Hackett’s, one of the nation’s oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hackett’s, now with nine locations, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hackett’s also carries domestics, home décor, gifts, seasonal merchandise and sporting goods. Hackett’s full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, manufacturing, and select technologies.
SWVC "closed yesterday at $0.006 per share."
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Mar 24, 2008 -- SHARPE RESOURCES CORPORATION:(OTC BB:SHGPF) Sharpe has completed letters of intent agreements and deposits to purchase interests in two separate coal mine properties in Eastern Kentucky for $850,000. The projects are expected to close in less than 30 days. One of the projects is located in Pike County, Kentucky and the other is located in Lawrence County, Kentucky. All of these properties are permitted and bonded to go immediately into coal production. The properties are fully equipped to include the necessary mining equipment for both the underground mine and the surface, strip mine. The underground property should go into production in April at a projected mine rate of approximately 30,000 tons per month followed by an additional 25,000 tons per month for the surface mine for a total monthly production that is projected to be about 55,000 tons per month, according to Roland M. Larsen, qualified person.
These properties include excellent growth potential with large acreage positions and very good coal quality, the Pike County project is capable of supporting several additional surface and underground mines on the property. These developments could yield considerable increases in the production rates on these properties. Additionally, the Company will seek to acquire additional properties that could serve to accelerate production growth over the next two years.
Recently Platt's coal outlook has indicated that "the Central Appalachian coal market is going into 2008 with tight supplies and higher prices due to heavy demand, declining production and mining difficulties." This situation is also affected by a marked increase in the second half of 2007 from overseas customers for both metallurgical and steam coal showing a 38% increase in sales over 2006". Annual Energy outlook has predicted that US coal exports would continue at high tonnages until some time in 2010 and 2015. This coal will go to primarily Europe and Canada. This demand will also tighten supplies for domestic steam coal consumers translating to higher coal prices and a strong market for produced coal going forward. NYMEX, Big Sandy and locally posted coal prices range up to $80-$85/ ton for steam (electrical) generation coal to over $150+ /ton for metallurgical quality coal and it is hard to find the coal to fill current orders in many instances.
Sharpe will continue to evaluate and acquire additional coal development opportunities within the Central Appalachian region over the next 2-3 months.
Sharpe Resources Corporation cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to market volatility, competition, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.
SHGPF "closed yesterday at $0.119 per share."
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