Agoracom Blog

AGORACOM Small-Cap TV – 6 Great Press Releases At The Open (June 2nd)

Posted by AGORACOM at 8:36 AM on Monday, June 2nd, 2008

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 June 2nd and we’ve found 6 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.

You can watch AGORACOM TV right from our home page , or our archive where you can see or search all of our previous shows.

If you are new to the show, it is a daily, fast-paced, edgy report that we put out at or before the open everyday that strictly reports on the best small cap and micro cap press releases of the day in 3-5 minutes. You can watch the show by going to AGORACOM every morning.

Our daily show focuses on content over form so that you can get profitable information into your hands as fast as possible. The same holds true for these blog entries where I simply cut and paste my TV notes for your benefit, without any editing.

If you have any material information pertaining to any of today’s companies, be sure to share your knowledge by posting your comments for everyone to see.

As always, don’t forget to visit the AGORACOM Marketplace where we list compelling summaries for over 85 great small-cap companies that you can sort by exchange and industry to suit your personal investing tastes.

Now, onto our show notes for the day.

Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V)

Intersects 6.63 Metres of 29.41% Zinc, 5.50% Lead at Torlon Hill

results from the next five drill holes at the Company’s Torlon Hill high grade zinc-lead project, situated in western Guatemala. A total of 36 holes were drilled to depths ranging from 19.81 metres to 185.97 metres, totalling 3,458.7 metres. Assay results are pending from drill holes TH08-86 to TH08-101 (pending) The drill program is now complete.

Significant intersections from drill holes TH08-81 to TH08-85 are listed below:

Hole   of Hole      From       To    Width       Zn       Pb       Ag

Number etres)  (metres) (metres) (metres)      (%)      (%)    (g/t)

81      28.35      0.00     3.20     3.20    20.42     6.02    23.38

         also     11.28    17.91     6.63    29.41     5.50    20.92

82      20.73      0.00     3.04     3.04    17.65     2.60    10.00

83      25.60      0.00     3.00     3.00     9.43     5.91    34.00

         also     15.24    18.29     3.05     3.77     5.32    21.00

85      33.52      0.00    13.00    13.00     4.10     2.25     7.50

         also     24.39    30.25     5.86     4.81     2.14    23.00

Previous high-grade drill intersections include 25 metres of 26.77% zinc, 1.42% lead, 5.98% silver

and 53.3 metres of 9.66% zinc, 1.86% lead and 12.21 g/t silver (Oct. 4, 2007). Most mineralization defined by drilling to date occurs on or near surface. The deposit is still open to expansion, mainly to the west and south.


* DISCLOSURE: Firestone Ventures Is An AGORACOM Client


Intertainment’s Magnum Signs Major Client Contracts

Intertainment Media Inc. (TSX VENTURE:INT) is pleased to announce that its graphic services division, Magnum, has signed multi year service and supply contracts with a major leading Canadian Stationer.

Revenue from these contracts is expected to substantially increase its ongoing business with the client by an additional minimum of $600,000 per year, and based on the client’s historical activities, additional revenue may rise to $1.5 Million or more per year depending on the volume of trade activity. The contracts take effect immediately and new revenue is expected to begin within 30 days.


*DISCLOSURE: Intertainment Media Is An AGORACOM Client


U.S. Silver Corporation (TSX VENTURE:USA)

Achieves Profit in First Quarter 2008 Financial Results

financial results for the first quarter ended March 31, 2008.
Highlights and Milestones of First Quarter 2008

– Achieved first quarterly profit as a public company of nearly $1 million

Production of approximately 352,000 oz of Silver, up 24% from fourth quarter 2007

Revenues of over $7.3 million

– Increased daily production in first quarter to 558 tons, an increase of more than 69% compared to the average daily volume in all of 2007

Increased proven and probable reserves by 61% to over 17 million oz of Silver

– Galena Shaft repair progresses on schedule, with completion expected in late 2008

– Completed over 20,900 ft of development and exploration drilling

– Completed over 2,900 ft of underground development activity

– Total workforce has increased by 102% since Q107

.45 (.41-1.23)

Vance Loeber


Solara Exploration Ltd. (TSX VENTURE:SAA.A) (TSX VENTURE:SAA.B)

Announces First Quarter Financial and Operating Results (March 31)

– Generated gross oil and gas revenues of $1,890,363,

funds from operations of $988,214 ($0.04 per basic Class A Share) and

after-tax net income of $48,842

Averaged oil and gas sales production of 356 BOE/D

– Achieved reserve additions of 260,000 BOEs and an incremental reserve value of $4.3 million to a total corporate value of $21.9 million (PV 10%) at March 31, 2008.



Changfeng Energy Inc. (TSX VENTURE:CFY)

Reports Q1 Profit, Revenues Up 30% (March 31)
total revenues of $2,966,091 .. representing a 30% increase.

Net income for the first quarter was $242,715 .. compared to a net loss of $35,219

Cash flow for the quarter was $522,181 or $0.011 per share compared with $284,784 or $0.012 per share in 2007.



Apogee Mineals (TSX VENTURE: APE)

Intersects More High-Grade, Including 30.0 Meters Grading 413.87g/t Silver

at the Pulacayo silver-zinc-lead deposit, southern Bolivia.

Highlights include

Drill hole PUD-069 which intersected 30 meters grading 413.87 g/t silver, 1.20% lead and 3.59% zinc

within an 85.00 meter interval that graded 167.11 g/t silver, 0.74% lead and 2.56% zinc.

Drill hole PUD-074 intersected 7.00 meters grading 665.71 g/t silver, 8.59% lead and 3.01% zinc

within a 47.00 meter interval that averaged 141.42 g/t silver, 1.55% lead and 2.42% zinc.

(TSX VENTURE: APE) $0.355 ($0.570 – $0.210)

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