Global Geophysical Services, Inc. (NYSE:GGS), together with its subsidiaries, provides an integrated suite of seismic data solutions to the oil and gas industry worldwide. The seismic data solutions of Global Geophysical Services primarily include seismic data acquisition, microseismic monitoring, data processing, and interpretation services, which deliver data that enable the creation of high resolution images of the earth’s subsurface, and reveal complex structural and stratigraphic details.
PanGeo Subsea Inc. and Global Geophysical Services Inc., two leading geophysical service and technology providers, announced that they have entered into an agreement for the development and commercialization of the Acoustic Zoom(R) product line. Acoustic Zoom(R) uses steered beams of acoustic energy to produce 3D seismic images of the subsurface with higher definition than can be attained with conventional seismic migration techniques. Acoustic Zoom(R) offers the potential for providing new insight into the internal character of petroleum reservoirs. The development partners believe this technique will be particularly well suited to the unconventional “tight” reservoirs such as the Eagle Ford formation of South Texas and the Marcellus shale play (Appalachia) where understanding natural and stimulated fractures of the reservoir can be a key to optimal petroleum production.
For more information about Global Geophysical Services , please visit www.globalgeophysical.com
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Knoll, Inc. (NYSE:KNL), a leading designer and manufacturer of branded furniture and textiles recognized for innovation and modern design, announced that it plans to report financial results for the fourth quarter and full year of 2011 on Tuesday, February 7, 2012, prior to the opening of the market. Knoll will host a conference call at 10:00 a.m. EST on Tuesday, February 7, 2012 to discuss its financial results. The call will include slides; participants are encouraged to listen to and view the presentation via webcast at http://www.knoll.com.
Knoll, Inc. designs and manufactures furnishings and accessories, textiles, and fine leathers for the workplaces and homes.
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Majestic Gold Corp. (MJGCF)
Majestic Gold Corp. (MJGCF.PK) engages in the acquisition, exploration, and mining of precious metals in China. The company primarily explores for gold deposits. It holds interest in the Song Jiaguo Property located on the Jiaodong Peninsula in Muping County, the Shandong Province. The company is headquartered in Vancouver, Canada.
Gold can be found in many different areas and places in a desktop and laptop computer. Gold works well for computers because it allows for rapid and accurate transmission of digital information. It is better than any other metal for this purpose. Edge connectors used to mount microprocessors and memory chips onto the motherboard are made of gold. The gold in these components are generally electroplated onto other metals and have small amounts of cobalt or nickel in them to increase durability.
Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
Gold uses in industries which includes: Jewelry; Coinage, Bullion and Currency Backing; Electronics components; Computer components manufacture; Dentistry; Medical Uses; and Glass making.
For more information please visit official website of MJGCF.PK: http://www.majesticgold.net
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Ingram Micro Inc. (NYSE:IM) expects to release financial results for the fourth quarter ending Dec. 31, 2011, after the market closes on Wednesday, Feb. 8, 2012. A conference call with executive management will be held at 5 p.m. ET (2 p.m. PT) on that day.
Ingram Micro Inc. distributes information technology (IT) products and supply chain solutions worldwide.
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Alaska Air Group Inc. (NYSE:ALK) reported fourth quarter 2011 GAAP net income of $64.0 million, or $1.76 per diluted share, compared to GAAP net income of $64.8 million, or $1.75 per diluted share in 2010. Excluding mark-to-market fuel hedge gains of $43.1 million ($26.8 million after tax, or $0.74 per diluted share), the company reported fourth quarter 2011 net income of $37.2 million, or $1.02 per diluted share, compared to net income excluding special items of $47.4 million, or $1.28 per diluted share, in 2010.
Alaska Air Group, Inc., through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., operates as an airline company serving destinations in the western United States, Canada, and Mexico.
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