Hong Kong Company Formation

Canadian Orebodies Inc.(”Canadian Orebodies” or the “Company”) is pleased to announce its plans for the upcoming 2012 exploration season on the Belcher Islands, Nunavut. Beginning in June, the Company intends to evaluate a number of high priority exploration targets in the areas around Haig Inlet on the Belcher Islands. The company plans to conduct the exploration drilling this season in two phases: wide-spread exploration holes on 3 separate targets, followed by infill drilling on the areas which would be most amenable to developing an open-pit mineral resource.
“This summer’s exploration program will form part of a defining year for the Company and the Haig Inlet project, as we continue toward our goal of establishing the Belcher islands as Canada’s next iron ore district,” said Gordon McKinnon, President and CEO of Canadian Orebodies. “We are targeting 3 very large and highly prospective areas to show the wide spread iron formations on the Belcher Islands. The goal for this year is to establish a new deposit to be brought into a 43-101 resource, all while we advance the Haig Inlet deposit through our planned technical studies.” The company has identified three large untested target areas that have been selected for drilling during the 2012 exploration program. Each target was selected for having the highest potential to host near surface iron mineralization that may be amenable to open pit mining.
Exploration in the 1950s by the Belcher Mining Corporation Ltd. included a number of regional magnetic surveys which identified a continuous magnetic anomaly along the western shore of Flaherty Island. In the fall of 2011, Canadian Orebodies staked 13 claims to cover this geophysical target, which lies approximately 10km to the west of the Haig Inlet Project. The magnetic anomaly contained within this claim group extends approximately 29.4km in a north-south direction and is coincident with a single exposure of the Kipalu Iron Formation mapped in 1959. The Company plans to initiate exploration of the stratigraphy on western Flaherty Island in 2012 with a magnetic survey followed by widely-spaced drill holes.
The second target is located to the northeast of Haig Inlet and is comprised of relatively closely spaced anticlines and synclines plunging north. The Company believes the anticlines may elevate the Kipalu Iron Formation stratigraphy proximal to surface, as these folds are well defined by the Aster satellite imagery work completed by Wickert in 2007. Although the iron formation is not exposed in this area, Orebodies is excited about the possibility for significant additional iron mineralization near surface.

The service road has already been made where Pittsburgh based Consol Energy wants to set up a rig and drill for natural gas in the Utica Shale formation.Consol wants to set up off of Knauf and Western Reserve Roads in Greenford Township. Barb Schlosser lives two-tenths of a mile near the drilling site. “It’s a nice thing for the area, but my concern is about the water because our wells around our neighborhood are around 79-80 feet deep. So if you’re going that far are we going to have gas coming out of our water? Does it have to be tested?” Schlosser said.
Consol held a town hall event at the Holiday Inn in Boardman Thursday night to address Barb’s questions and the concerns of those who live near the drilling site and any future drilling sites.”We want to be as transparent as we can as a company.The Business Finance Store Describes Five Successful Home-based Businesses.What we want to do is dispel some of the rumors, myths, concerns that people have,” said Harry Schurr, General Manager of Consol’s Utica Shale Division. “We have everyone here from land people to drillers to completion people. So anything you want to know we’re hoping we can answer any questions.”
And in response to Barb’s question about fracking and her water, Sam McLaughlin with Consol Energy explained, “We run multiple strands of casing in cement to protect ground water. We’re looking at three to four different strands of casing to run through the water table.”Schurr adds, “We also have a water sampling program where we sample people’s water sources as long as they are willing to provide a sample. We’ll analyze before we come in and drill the well and we’ll analyze it after and compare the two to show we haven’t done anything to their well.”A lot of the land that Consol is drilling on already has legacy rights to through its 150-year history in the coal industry. But there are many residents who are interested in drawing up contracts to lease their land to the company.
Gas futures traded on the New York Mercantile Exchange touched a 10-year low of $1.902 per million British thermal units on April 19. Since then, prices have risen 32 percent as power generators used it as a substitute for coal.Chesapeake outspent its cash flow in 19 of the past 21 years as it amassed drilling rights from the Gulf Coast to the Appalachians. The company McClendon co-founded 23 years ago at the age of 29 dominated U.S. gas production until Exxon expanded into shale drilling with its 2010 acquisition of XTO Energy.

W&T Offshore, Inc.today announces financial and operational results for the first quarter of 2012. Some of the highlights include:For the first quarter, production volumes averaged 49,226 barrels of oil equivalent per day, or 295.4 MMcfe gas equivalent per day, representing a 17% increase over the same quarter in 2011. Production volumes were split 47% oil and natural gas liquids (”NGLs”) and 53% natural gas. Our average realized sales price for oil was $110.39 per barrel and $48.51 per barrel for NGLs.
During the first quarter, we completed 18 wells, all of which were successful and all were in the Permian Basin. Nine of the wells were exploration wells and nine were development wells.Revenues increased from the corresponding quarter in 2011 by $25.0 million to $235.9 million for the first quarter on higher realized oil prices and increased production volumes for all of our products. Oil and NGLs revenues represented 83% of total revenues, up from 76% in the first quarter of 2011.
For the quarter, net income was $3.2 million and earnings per share were $0.04. Excluding special items described below, net income was $30.6 million and earnings per share was $0.40 per share.Adjusted EBITDA for the quarter was $146.5 million, up 10% from the first quarter of 2011. Our Adjusted EBITDA margin was 62%, in line with the 63% of the prior year quarter. Net cash provided by operating activities for the quarter increased $55.4 million to $128.2 million and was used to fund all capital expenditures and dividends ($85.1 million and $5.9 million, respectively) as well as reduce our long-term debt by $33.0 million.
Tracy W. Krohn, Chairman and Chief Executive Officer, stated, “Due to our substantial production of oil, for which we receive a premium in the Gulf of Mexico, and natural gas liquids in the first quarter, our net cash provided by operating activities grew by 76% to $128.2 million, compared to the first quarter last year. This strong cash generating capability combined with a largely undrawn and, as of yesterday, even larger, revolving bank credit facility provides W&T with the capital to pursue a balanced growth plan consisting of acquisitions and drilling opportunities. In addition to the active acquisition environment we currently see, we have attractive oil focused drilling projects planned for this year, including several in the Gulf of Mexico that will benefit from premium oil pricing. While almost half of our production is already from oil and NGLs, we expect that percentage to continue to grow as these drilling projects are brought on production. Like most operators, we are negatively impacted by lower natural gas prices, but a vast majority of our natural gas production is accompanied by NGLs that boost the profitability of those fields.”

nbsp;Allbusiness.com recently published a list of the top 25 home-based businesses. Such professions as personal trainer, consultant and tutor lend themselves to running from one’s home. For some, the most difficult part of starting a business can be deciding which business to open. Often the startup costs can be a huge deterrent. However, with a home-based business the startup costs are significantly lower. In the recent blog post “Choosing a Company to Run from Home,” The Business Finance Store describes five businesses that can easily be run from one’s home that have serious growth potential.
For those interested in starting a new business, but don’t necessarily have the capital to invest in a physical location, running a home-based business might be a good option. Read more about some of the top home-based businesses at The Business Finance Store Blog.The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.
The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.
For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Titan Spine Announces the Release of Cellular Data on Its Surface Technology.Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.According to American Express Business Insights, small-business employees were more likely to shun fine dining establishments and luxury hotels for quick meals and economy lodging last year.

Titan Spine, a medical device surface technology company focused on the development of innovative spinal interbody fusion implants, announced today that an article published in The Spine Journal reports in-vitro data that demonstrates a superior bone-forming response to the company’s unique titanium implant surface when compared to smooth titanium and Polyetheretherketone (PEEK). In particular, the peer-reviewed data shows that Titan Spine’s surface, which features a proprietary, patent-protected combination of textures on the macro, micro, and nano levels, significantly increased osteoblast maturation and local production of bone morphogenetic proteins (BMP’s). The authors, led by Barbara Boyan, Ph.D., Professor of Biomedical Engineering at the Institute for Bioengineering and Bioscience, Georgia Institute of Technology, conclude that “modifying surface structure is sufficient to create an osteogenic environment that could enhance bone formation and implant stability, without addition of exogenous growth factors.”
“We are very pleased that this data set has been published,”commented Kevin Gemas, President of Titan Spine. “It clearly illustrates that our surface technology produces a superior environment for bone production over other common interbody fusion implant materials. This data, and others we hope will be published in the future, is helping to change the way spine surgeons and the rest of the spinal community think about interbody fusion implants. No longer should they be thought of as mere interbody spacers, but rather as active participants in the fusion process that promote the body to produce BMP’s naturally and avoid the need for the addition of BMP that was developed externally.”Titan Spine, LLC is a privately-owned medical implant surface technology company in Mequon, Wisconsin that is focused on the design and manufacturing of proprietary interbody fusion devices for the spine. The company is committed to advancing the science of surface engineering to enhance the treatment of various pathologies of the spine that require fusion.
Kane Biotech is a biotechnology company engaged in the development and commercialization of products to prevent and remove biofilms. Biofilms are a major cause of a number of serious medical problems including chronic infections and medical device related infections. They develop on surfaces such as catheters, prosthetic implants, teeth, lungs and the urogenital tract. Biofilms are pervasive, costly to deal with and are involved in approximately 80% of all human bacterial infections. The healing of chronic wounds alone costs the United States health care system $20 Billion per year.

Tessera Technologies, Inc.(the “Company” or “we”) announced its results for the first quarter ended March 31, 2012.”The first quarter of 2012 was an important quarter for the Company. In our DigitalOptics segment, we met significant milestones in the ongoing transformation of our DigitalOptics business into an original design manufacturer with high-volume manufacturing capabilities for next-generation camera modules,” stated Robert A. Young, chief executive officer and president, Tessera Technologies, Inc. “We announced a key step toward high-volume manufacturing of devices using our Micro Electro Mechanical Systems (MEMS) technology — the execution of a definitive agreement with Flextronics International Ltd. to acquire certain assets of Vista Point Technologies, a Tier 1 qualified camera module manufacturing business. We continue to build out our team, develop our supply chain, engage with multiple Tier 1 mobile phone suppliers, and make progress towards our first design win for our MEMS actuator.
Total revenue for the first quarter of 2012 was $46.7 million, compared to $67.8 million of total revenue in the first quarter of 2011. Intellectual Property revenue for the first quarter of 2012 was $39.0 million, compared to $53.6 million in the first quarter of the prior year. The decrease was due to lower year-over-year royalty bearing units reported, in aggregate, by licensees.Washington area business diary for week of April 23.DigitalOptics total revenue was $7.7 million, compared to first quarter 2011 DigitalOptics revenue of $14.2 million. The decrease was due primarily to several one-time license and royalty payments in the first quarter of 2011 and weaker demand in the Company’s lithography served market.
Generally accepted accounting principles (GAAP) net loss for the first quarter of 2012 was $8.1 million, or $0.16 per diluted share, which included non-cash charges of $6.4 million for amortization of acquired intangibles and $4.0 million for stock-based compensation.Non-GAAP net loss for the first quarter of 2012 was $0.2 million or $0.00 per basic share. Non-GAAP net income is defined as income and operating expenses adjusted for acquired intangibles amortization, charges for acquired in-process research and development, stock-based compensation expense, impairment charges on long-lived assets and goodwill, and related tax effects.

For out-of-state corporations that do business in New Jersey through the use of “virtual offices,” the recent decision by the Appellate Division of the Superior Court of New Jersey in Telebright Corporation, Inc. v. Director, New Jersey Division of Taxation is a reminder that employees who “telecommute” from New Jersey will not relieve their employers of certain corporate tax obligations.Telebright Corporation, Inc. (”Telebright”), which was incorporated in Delaware and maintained its offices in Maryland, employed a woman who lived in and telecommuted from New Jersey.  Her job was developing and writing software code from a computer in her home, which she uploaded to a repository on Telebright’s remote computer server.  Other than attending company-wide meetings in Maryland once or twice a year, she worked entirely from her home.
From the beginning of the employee’s tenure, Telebright withheld New Jersey income tax from her salary and remitted it to the New Jersey Division of Taxation (”Taxation”).  Taxation determined that Telebright was subject to the New Jersey Corporation Business Tax Act (”CBT Act”) and, thus, was required to file New Jersey Corporation Business tax returns.  The New Jersey Tax Court upheld that determination, and Telebright appealed to the Appellate Division.  On appeal, Telebright did not dispute that the employee’s activities satisfied the statutory test for “doing business” under the CBT Act.  Instead, Telebright argued that applying the CBT Act to those limited activities violated the Due Process and Commerce Clauses of the United States Constitution.
In support of its due process argument, Telebright claimed that upholding the CBT tax against it would allow a state to tax any corporation whose employees resided in that state.  The court in Telebright rejected that argument, reasoning that Taxation imposed the CBT tax because the employee worked for Telebright on a full-time basis in New Jersey, and not because she lived there.  Taxing a business based on the presence of a full-time employee, the court held, does not violate the Due Process Clause.  The court further reasoned that if the employee violated the restrictive covenant in her employment contract, Telebright could file suit against her in the New Jersey courts.  Thus, Telebright had sufficient minimum contacts with New Jersey to justify taxation under the CBT Act, consistent with the Due Process Clause.

Dallas-based information technology and management consulting company Hitachi Consulting said that it has acquired Gaithersburg-based environmental and energy management consultant Prizim. Terms were not disclosed.McLean-based IT staffing and consulting services company Digital Intelligence Systems said it has acquired certain assets of New Jersey-based Conversion Services International. Terms were not disclosed.
New York-based technology and consulting firm Advus said it has acquired a cloud computing facility from Chevy Chase-based InfoSecure Open Systems & Solutions. Terms were not disclosed.Herndon-based Northern Virginia Technology Council has named 19 finalists for its 2012 Greater Washington Technology CFO Awards. The winners are to be announced at an event on June 4. Steve Case, chairman and chief executive of District-based investment firm Revolution and co-founder of AOL, is to be presented the Michael G. Devine Hall of Fame Award.
Rockville-based Tech Council of Maryland has named 24 finalists for its 24th annual TCM Tech awards. The winners are to be announced at an event on Saturday. Gaithersburg-based MedImmune is to be presented with the Hall of Fame Award and Sen. Barbara Mikulski (D) is to be presented with the Advocate of the Year Award.Landover-based online education company 2tor said it has received a $10 million revolving credit line from Comerica Bank.
Annapolis-based sensor technology developer Zephyr Technology said it has raised an unspecified amount in its third round of funding.Columbia-based Internet television start-up Internet Broadcasting Corp. said it has raised an unspecified amount in its first round of funding. H.I.G. Growth Partners Announces the Formation of Community Intervention Services.IBC said it will use the money to help roll out its Vibble TV services for South Asians living in the United States.
Alexandria-based wellness and care management company Privia Health said it has secured $12.3 million in Series B financing. Privia said it will use the equity financing to expand its network of doctors.Alexandria-based owner and operator of wireless communication towers InSite Wireless Group said that Atlanta-based communications and media company Cox Enterprises will make an unspecified cash investment in the company.Rockville-based accounting and consulting firm Aronson said it has formed Aronson Systems, a division to help construction companies, real estate developers, government contractors and small businesses with software to improve back office efficiency.

H.I.G. Growth Partners (”H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm, is pleased to announce that its newly-formed portfolio company, Community Intervention Services, Inc. (”CIS” or the “Company”), has completed the acquisition of South Bay Mental Health Center, Inc. (”South Bay”). CIS was established by H.I.G. in partnership with veteran behavioral healthcare executive Kevin Sheehan, to acquire, develop and operate a national network of specialized mental health and substance abuse facilities and community-based programs. South Bay marks CIS’s first acquisition and provides the Company with a strong platform for continued growth.
Headquartered in Brockton, MA, South Bay was founded by Dr. Peter Scanlon in 1986 as a single facility focused on delivering outpatient mental health services to children and families. Over the past 26 years, Dr. Scanlon has grown the operation into the largest provider of outpatient, community-based behavioral health services in the region, and will remain with South Bay as both Chief Clinical Officer and a member of the Board of Directors following the acquisition. South Bay currently offers a full continuum of clinical services to both children and adults through a network of 15 outpatient clinics across 12 markets and employs a staff of over 500 counselors, social workers, specialty therapists and developmental educators who provide treatment services to over 30,000 patients per year.
“I am very excited about the partnership with both Kevin Sheehan and H.I.G. and believe that our company will benefit greatly from their involvement.” said Dr. Scanlon. “Their extensive operational expertise and ability to invest additional capital will enable us to accelerate growth and more importantly expand the delivery of care to our target patient base.”Kevin Sheehan, CEO of CIS, commented that, “South Bay represents a strong initial platform with an excellent reputation with its payors, referral sources and clients, as well a demonstrated history of clinical success. We have a high degree of confidence in our ability to accelerate the growth of South Bay and ultimately build CIS into a leading national provider of diversified behavioral health and substance abuse services through de novo expansion and additional acquisitions.” Raymond James Health Care Investment Banking Group acted as the lead financial advisor to South Bay. Hinckley, Allen & Snyder LLP, served as legal counsel to South Bay, and McDermott Will & Emery, LLP served as legal counsel to H.I.G.

In addition, users cannot add their own applications. With VDI, you can use a much wider range of peripherals, application compatibility is rarely an issue, and users can install their own applications. However, the Microsoft licensing model for VDI is totally different and much more expensive, and the user density on a given piece of server hardware is significantly lower.Finally, with VDI, if you are going with dedicated or persistent virtual desktops, you need shared storage, which is expensive to scale. One tip here is that automated application readiness tools such as ChangeBASE and AppDNA can help you determine whether your apps will be compatible with Session Virtualization, and be able to automate fixes for common problems.
Another option you might consider is whether to host virtual desktops in your own data center or source them from the cloud. There are a number of virtual desktop service providers springing up, but if you want full Windows 7 virtual desktops in the cloud, Microsoft has no licensing model for “Desktops as a Service.” This means you need to bring your own license or purchase Virtual Desktop Access (VDA) licenses from Microsoft, or have all endpoints covered by Software Assurance (SA).
If you go the Session Virtualization route (aka Terminal Server), licensing is much simpler and you can simply pay the service provider a monthly/quarterly fee for taking care of all the hosting for you. Jobs Act doesn’t mean a cut on accounting and disclosure for companies.Remember, if you need to run Windows apps that require access to on-premises application or database servers, you will need to create a VPN between the service provider and your datacenter systems, and the extra latency might cause an application performance issue.
Another major consideration is the remote display protocol in use with desktop virtualization as it directly affects the user experience. Whether you choose Session Virtualization or VDI, the protocol choices are very similar. There are protocols designed for LAN use, which also can perform well on high-bandwidth Internet and WAN connections. These are based on a “screen scraping” approach, which captures chunks of the screen as bitmaps and compresses them.Then, there are more low-bandwidth-friendly protocols that work at a lower level in the graphics display process, and are more suitable for WAN use. An example is the built-in RDP protocol from Microsoft, which, although much improved in Windows 7 SP1 and Windows Server 2008 R2 SP1, still benefits from third party acceleration products that help reduce the effects of latency and extend its reach to non-Windows devices such as iPads, Macs, Android tablets and Linux workstations.