American Power Corp. (OTC.BB:TGMP)
TGMP is pleased to announce that it has retained Weir International Inc. of Downers Grove, Illinois (”Weir”) to prepare an exploration drilling program and to supervise the execution of that program, in order to evaluate the coal reserve potential on the Pace coal property in Judith Basin County, Montana.
Weir is an internationally recognized consulting firm that has provided engineering consulting services to the American and international mining and energy industries for over 75 years. Weir has prepared coal reserve reports for several established mining companies including BHP Billiton, the world’s largest mining company by market cap at $183bn, among many other major coal producers including Arch Coal Inc., publicly traded on the NYSE, and America’s second largest coal producer.
“We are excited to be working with Weir International, a leader in providing expert consulting services to the coal industry. We look forward to initiating the permitting process for our exploration drilling program as soon as possible,” said Al Valencia, CEO of American Power Corp.
In September of 2008, Weir International conducted a preliminary review of 30 stratigraphic test wells drilled in 1979 by Mobil Oil Corp. (now ExxonMobil Corp.) on the Pace Coal Property. A reserve report was not completed at that time but Weir International stated that the in-place coal resources of the drilled area could exceed 200 million tons, and that the undrilled controlled properties could have substantial additional resources.
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DSW Inc. (NYSE:DSW)
DSW, a leading branded footwear specialty retailer, announced net income of $23.5 million on net sales of $415.1 million for the second quarter ended July 31, 2010, compared with net income of $7.6 million on net sales of $369.5 million for the quarter ended August 1, 2009. Same store sales increased 12.0% for the comparable period versus a decrease of 2.9% last year.
Diluted earnings per share were $0.52 for the second quarter of fiscal 2010 compared with diluted earnings per share of $0.17 last year.
Six-month Results:
Net income was $53.6 million on net sales of $864.7 million for the twenty-six week year-to-date period ended July 31, 2010, compared with net income of $14.7 million on net sales of $755.3 million for the twenty-six week year-to-date period ended August 1, 2009. Same store sales increased 14.1% for the comparable twenty-six week period versus a decrease of 3.8% last year. Diluted earnings per share were $1.20 for the twenty-six week period compared with $0.33 for the same period last year.
Fiscal 2010 Annual Outlook:
The Company reiterated its estimate of an annual comparable store sales increase of approximately 7% to 9% and annual diluted earnings per share of approximately $1.80 to $1.95 for fiscal 2010. Fiscal 2009 annual diluted earnings per share were $1.23. The second half performance implied in the guidance recognizes the more challenging last year comparisons for both sales growth and merchandise margins.
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ARM Holdings, PLC (Nasdaq:ARMH)
ARMH and Microsoft Corp. announced that they have signed a new licensing agreement for the ARM architecture. The agreement extends the collaborative relationship between the two companies. Since 1997 Microsoft and ARM have worked together on software and devices across the embedded, consumer and mobile spaces, enabling many companies to deliver user experiences on a broad portfolio of ARM-based products.
“Microsoft is an important member of the ARM ecosystem, and has been for many years,” said Mike Muller, CTO ARM. “With this architecture license, Microsoft will be at the forefront of applying and working with ARM technology in concert with a broad range of businesses addressing multiple application areas.”
“ARM is an important partner for Microsoft and we deliver multiple operating systems on the company’s architecture, most notably Windows Embedded and Windows Phone,” said KD Hallman, general manager, Microsoft. “With closer access to the ARM technology we will be able to enhance our research and development activities for ARM-based products.”
ARM licenses processor IP under a flexible licensing model, enabling highly integrated solutions for a variety of applications ranging from mobile devices to home electronics and industrial products. ARM customers can license the ARM architecture or specific processor implementations.
Details of the agreement will remain confidential.
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