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Masimo Corporation (Nasdaq:MASI) - Following today’s announcement by Masimo that the company has amended its January 2006 settlement agreement with Covidien, Masimo provides the following additional information.
In conjunction with finalizing its 2010 financial results, Masimo is currently assessing the full financial impact of this amendment on its 2011 financial outlook. As part of this assessment, Masimo is considering the possibility of re-investing up to 50% of this incremental royalty revenue into its business in 2011. Masimo intends to provide 2011 guidance and discuss the impact of the amendment when the company announces its 2010 financial results.
Masimo announced last Friday that it will discuss its fourth quarter and full year 2010 financial results in a conference call and webcast on Tuesday, February 15, 2011, at 1:30 p.m. PT (4:30 p.m. ET).
Masimo Corporation, a medical technology company, develops, manufactures, and markets noninvasive patient monitoring products worldwide. The company offers Masimo Signal Extraction Technology, which provides the capabilities of measure-through motion and low perfusion pulse oximetry to address the primary limitations of conventional pulse oximetry. Its patient monitoring solution incorporates a monitor or circuit board and sensors, including proprietary single-patient use and reusable sensors and cables. The company also provides remote-alarm/monitoring solutions and software, and clinician notification solutions. Masimo Corporation sells its products to hospitals and the emergency medical services market through its direct sales force and distributors, as well as to original equipment manufacturer partners. The company was founded in 1989 and is headquartered in Irvine, California.
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Orofino Gold Corp. (ORFG.PK)
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Orofino Gold’s Board Of Directors have recently appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director. Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of ORFG.
Mr. Pernett will be responsible for all affairs of Orofino Gold in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of Orofino Gold’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine. The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of Orofino Gold. His resignation is effective immediately. Orofino Gold wish him well and success in future endeavors.
Orofino Gold and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, Orofino Gold’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past.
Management
Shi Long Ning, Chairman of the Board & Executive Director – 10 years experience in information management and information systems. Graduated from Shan Dong University, Shan Dong, China.
Ary Pernett, PhD., President & Executive Director – native to Colombia, geologist with 20 years experience in the gold mining industry. Technical advisor to small miners for Ministry of Energy and Mines (1994-98) in Colombia.
Prof. Dr. Hans J. Bocker, Non-Executive Director - Professor of Management, internationally recognized as gold expert at executive and operational levels.
To learn about ORFG visit: http://www.orofinogold.com
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Proper Power & Energy, Inc. (PPWE.OB)
Oil is the heart of America’s economy. Presently, it supplies more than 40% of our complete energy demands and more than 99% of the fuel we use in our vehicles.
Proper Power & Energy, Inc. a Tampa-based independent oil and gas exploration and production company, has announced the next stage of its Western U.S. operations. PPWE met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of PPWE.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. “We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives,” stated Andrew Kacic.
In other company news, Proper Power announced this month that its wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky.
ARI has completed the re-work on all 4 wells, with those wells online and pumping. “This is an exciting day for us,” stated Proper Power President, Andrew Kacic. “This is the beginning of production for Proper Power in Kentucky, and we look forward to increasing our presence.”
About Proper Power & Energy:
Proper Power & Energy, Inc. was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
To learn more about PPWE visit: http://properpower.com
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