Good morning to you all. Please find enclosed a summary of the great small-cap and micro-cap press releases we highlighted on our TV show this morning. It’s May 9th and we’ve found 4 great press release from both sides of the border to report on at the open. Another great day for the small-cap and micro-cap world.
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Now, onto our show notes for the day.
Louvem Mines Inc. (TSX VENTURE:LOV)
Reports its 2008 First Quarter Results (March 31)
– Net earning of $906,426 = $0.03/share, compared with a net loss of $233,920 for 2007;
– Revenue increase of 58% to $3,840,314;
– 4,001 ounces of gold sold at an average price of US$955 for 2008 compared with 3,106 ounces of gold sold at an average price of US$726 for 2007;
– Cash flow from operations was $1,394,285 for the first quarter of 2008, compared with $140,764 for the same period in the prior year
– Production cash cost of US$528 in 2008, compared with US$583 in 2007.
.57
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AGORACOM Announces Brand New IPO and Latest Client:
General Automotive Company (GNAU: OTC.BB)
- $15 million + Revenues For Fiscal 2007
- Supplier to Daimler-Chrysler Corp. & OEM to MOPAR for after-market auto products
- Tier 1 supplier to Chrysler, Mitsubishi, Kia and Others for mobile electronics
- Market Cap Of $7,000,000 = Valuation Of .5 X Revenues
General Automotive Company (“GAC”), is a provider of Original Equipment (“OE”) and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally.
** Through its two wholly-owned subsidiaries, the Company has focused its efforts on utilizing its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S.
.51
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Noront Resources Ltd. (TSX VENTURE:NOT)
Receives Analytical Results From Eagle One Deposit 
announced the receipt of final assays on holes NOT-07-28, and NOT-08-30 to NOT-08-35
on its 100%-owned Eagle One deposit within Noront’s Double Eagle Project in the McFauld’s Lake Area of northeastern Ontario.
HIGHLIGHTS
– Hole 28 averaged 6.73% nickel, 5.11% copper, 0.05 g/t platinum, 14 g/t palladium, 0.41g/t gold and 12.9 g/t silver over 1.5 metre core length,
within a much larger 73.2 metre section that averaged 1.31% nickel;
– Hole 30 averaged 3.5% nickel, 3.54% copper, 0.48 g/t platinum, 8.96 g/t palladium, 0.22 g/t gold and 9.3 g/t silver over 11.1 metres,
within an 84.7 metre core length that averaged 1.1% nickel;
– Hole 34 averaged 6.88% nickel, 5.05% copper, 2.53 g/t platinum, 14.07 g/t palladium, 0.39 g/t gold and 15.1 g/t silver over 10.6 metres,
within an 38.5 metre core length that averaged 2.34% nickel.
Last: $4.70
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Jingwei International Limited (OTCBB: JNGW)
Reports First Quarter 2008 Financial Results
Highlights:
Revenue increased 78.1% to $5.8 million from $3.2 million in the first quarter of 2007
Gross profit increased 50.0% to $3.7 million from $2.5 million in the first quarter of 2007
Net income increased 25.1% to $2.8 million from $2.2 million in the first quarter of 2007, or $0.16 per diluted share
Jingwei International is one of the leading providers of data mining and customer relationship marketing (CRM) services in China.
With a customer database of over 300 million Chinese consumers, Jingwei enables leading Chinese companies to reach their target audience.
4.50 (9.00 – 3.05)