Colt Resources Inc. (TSX-V: GTP)

Zacks SCR Research releases an update on Colt Resources Inc. (TSX-V: GTP) (OTC: COLTF):

The report by CFA Steven Ralston includes the expected Preliminary Economic Analysis for the Boa Fé gold project in the second quarter.  It also updates investors on Tabuaco, Santo António, and Borba along with other updates about Colt Resources. In the final paragraph – quoted below – they reaffirm their “outperform rating” and update their target:

We reaffirm our Outperform rating. Our price target is $2.10, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates and utilizes the current prices of gold and tungsten. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Colt Resources Inc. (TSX-V: GTP)

Zacks SCR Research releases an update on Colt Resources Inc. (TSX-V: GTP) (OTC: COLTF):

The report by CFA Steven Ralston includes the expected Preliminary Economic Analysis for the Boa Fé gold project in the second quarter.  It also updates investors on Tabuaco, Santo António, and Borba along with other updates about Colt Resources. In the final paragraph – quoted below – they reaffirm their “outperform rating” and update their target:

We reaffirm our Outperform rating. Our price target is $2.10, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates and utilizes the current prices of gold and tungsten. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Colt Resources Inc. (TSX-V: GTP)

Zacks SCR Research releases an update on Colt Resources Inc. (TSX-V: GTP) (OTC: COLTF):

The report by CFA Steven Ralston includes the expected Preliminary Economic Analysis for the Boa Fé gold project in the second quarter.  It also updates investors on Tabuaco, Santo António, and Borba along with other updates about Colt Resources. In the final paragraph – quoted below – they reaffirm their “outperform rating” and update their target:

We reaffirm our Outperform rating. Our price target is $2.10, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates and utilizes the current prices of gold and tungsten. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Amarium Technologies Inc. (OTC MARKETS: AMMG) released today that it has signed a Letter of Intent (LOI) with Minerales Consolidados S.A. De C.V. (MCSA), to acquire 100% of the Jovita Mine (Jovita).  Jovita is a producing copper concentrate mine operating in Michoacan, Mexico.

Under the terms of the Agreement, Amarium will acquire 100% ownership of the Jovita Mine for aggregate expenditures of USD $6.1 Million over the next 3 years. Expenditures include a payment of USD $2.5 Million and 1 million shares of Amarium to MCSA, within 30 days of signing the acquisition agreement.  Additional payments of 1 million shares will also be issued to MCSA, 12 months and 24 months after the acquisition agreement signing.  Amarium will also be required to spend USD $3 million in exploration activities on the property over the proceeding 36 months.  Also under the terms of the agreement, MCSA will transition the management and operation of the Jovita Mine to Amarium within 60 days after the signing of the acquisition agreement.

“We are excited to have signed the LOI to purchase the Jovita Mine, this is a major step forward in the expansion and development of Amarium Minerals. Our team has been very focused on closing this transaction for several months now,” said Adam Carter, the President & CEO of Amarium, “and Jovita is truly a rare opportunity that will expose our shareholders to a growing copper concentrate producer in a well established mining region of Mexico. Our goal with this acquisition is to increase concentrate production at Jovita via strategic capital investments in the current operation, as well as increase the existing mineral assets by defining a resource estimate through exploration.”

The Jovita Mine encompasses a 250 hectare mineral concession and production facility located in the Mexican state of Michoacan.  The current mill operation allows for ore to be processed onsite into copper concentrate for shipment to foreign buyers.  Michoacan is a historic mining region in Western Mexico with a large deep sea port located along the Pacific coastline that is well situated for transport and the supply of Western US, Asian and other Pacific Rim markets.

For additional information, please visit: www.amariumminerals.com

This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.’s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.’s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

AMMG Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Amarium Technologies Inc. (OTC: AMMG). We hold not shares and do not expect to be receiving any shares for this coverage. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable.  We were compensated nine thousand five hundred dollars for our investor relations work and our coverage on our network. We expect to receive additional payments later in the year although the specifics have not been discussed or negotiated. In general, given the emerging nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3030.

Amarium Technologies Inc. (OTC MARKETS: AMMG) released today that it has signed a Letter of Intent (LOI) with Minerales Consolidados S.A. De C.V. (MCSA), to acquire 100% of the Jovita Mine (Jovita).  Jovita is a producing copper concentrate mine operating in Michoacan, Mexico.

Under the terms of the Agreement, Amarium will acquire 100% ownership of the Jovita Mine for aggregate expenditures of USD $6.1 Million over the next 3 years. Expenditures include a payment of USD $2.5 Million and 1 million shares of Amarium to MCSA, within 30 days of signing the acquisition agreement.  Additional payments of 1 million shares will also be issued to MCSA, 12 months and 24 months after the acquisition agreement signing.  Amarium will also be required to spend USD $3 million in exploration activities on the property over the proceeding 36 months.  Also under the terms of the agreement, MCSA will transition the management and operation of the Jovita Mine to Amarium within 60 days after the signing of the acquisition agreement.

“We are excited to have signed the LOI to purchase the Jovita Mine, this is a major step forward in the expansion and development of Amarium Minerals. Our team has been very focused on closing this transaction for several months now,” said Adam Carter, the President & CEO of Amarium, “and Jovita is truly a rare opportunity that will expose our shareholders to a growing copper concentrate producer in a well established mining region of Mexico. Our goal with this acquisition is to increase concentrate production at Jovita via strategic capital investments in the current operation, as well as increase the existing mineral assets by defining a resource estimate through exploration.”

The Jovita Mine encompasses a 250 hectare mineral concession and production facility located in the Mexican state of Michoacan.  The current mill operation allows for ore to be processed onsite into copper concentrate for shipment to foreign buyers.  Michoacan is a historic mining region in Western Mexico with a large deep sea port located along the Pacific coastline that is well situated for transport and the supply of Western US, Asian and other Pacific Rim markets.

For additional information, please visit: www.amariumminerals.com

This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.’s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.’s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

AMMG Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Amarium Technologies Inc. (OTC: AMMG). We hold not shares and do not expect to be receiving any shares for this coverage. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable.  We were compensated nine thousand five hundred dollars for our investor relations work and our coverage on our network. We expect to receive additional payments later in the year although the specifics have not been discussed or negotiated. In general, given the emerging nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3030.

Amarium Technologies Inc. (OTC MARKETS: AMMG) released today that it has signed a Letter of Intent (LOI) with Minerales Consolidados S.A. De C.V. (MCSA), to acquire 100% of the Jovita Mine (Jovita).  Jovita is a producing copper concentrate mine operating in Michoacan, Mexico.

Under the terms of the Agreement, Amarium will acquire 100% ownership of the Jovita Mine for aggregate expenditures of USD $6.1 Million over the next 3 years. Expenditures include a payment of USD $2.5 Million and 1 million shares of Amarium to MCSA, within 30 days of signing the acquisition agreement.  Additional payments of 1 million shares will also be issued to MCSA, 12 months and 24 months after the acquisition agreement signing.  Amarium will also be required to spend USD $3 million in exploration activities on the property over the proceeding 36 months.  Also under the terms of the agreement, MCSA will transition the management and operation of the Jovita Mine to Amarium within 60 days after the signing of the acquisition agreement.

“We are excited to have signed the LOI to purchase the Jovita Mine, this is a major step forward in the expansion and development of Amarium Minerals. Our team has been very focused on closing this transaction for several months now,” said Adam Carter, the President & CEO of Amarium, “and Jovita is truly a rare opportunity that will expose our shareholders to a growing copper concentrate producer in a well established mining region of Mexico. Our goal with this acquisition is to increase concentrate production at Jovita via strategic capital investments in the current operation, as well as increase the existing mineral assets by defining a resource estimate through exploration.” Continue reading

Sultan 2013 Exploration Update

Vancouver, BC – April 30, 2013: Sultan Minerals Inc. (TSX-V: SUL; “Sultan”) is pleased to provide an exploration update for its Kena Gold, Jersey-Emerald Tungsten-Zinc, and Daylight Gold projects in BC, Canada.

Kena Gold Property:

In January 2012 Sultan entered into an option agreement with Altair Gold Inc. (“Altair”) whereby Altair has an option to earn a 60% interest in the Kena Gold-Copper Property for cash and share option payments of $2,000,000 and 2,666,667 Shares over four years and $7,500,000 in Project related exploration expenditures. The 7,600 hectare, road accessible Kena Property is located between the communities of Nelson and Ymir in southeastern British Columbia.

In 2012 Altair explored the property with 7,527 metres of diamond drilling in 41 drill holes. An updated resource estimate was completed in April. The new resource estimate using a 0.30g/t gold cut-off shows:

-25,280,000 tonnes in the Measured + Indicated (M&I) Resource categories, comprising 490,000 contained ounces of gold, plus

-90,440,000 tonnes of Drill Inferred Resources containing 1,399,000 ounces of gold, representing a 173% increase (see News Release of April 11, 2013).

Altair Gold Incorporated is planning for an expanded work program on the Kena Property in 2013.

Jersey-Emerald Tungsten-Zinc Property:

The 14,000 hectare Jersey-Emerald Tungsten-Zinc Property is located 8 kilometers south of the community of Salmo, in southeastern British Columbia. It consists of two totally separate styles of mineralization: one is tungsten mineralization and the other is zinc. The historic deposits were mined previously by Placer-Dome and Cominco and include Canada’s second largest tungsten mine and BC’s second and third largest zinc mines.

Sultan has extensively drill tested the deposits, completed three Resource Estimates, a Preliminary Economic Assessment, a Scoping Study, and a baseline Environmental Study. In 2012 Emerald Mining Services of Salmo BC was contracted to complete a project review and prepare a Project Description for environmental permitting purposes. The report which proposes a 2,000 t/day mining operation was completed and submitted to the BC and Canadian Environmental Departments in February 2013.

Sultan is seeking a joint venture partner to help advance the project toward production.

Daylight Gold Property:

The Daylight Gold Property covers 550 hectares of mineral claims located seven kilometres south of Nelson, British Columbia. The property includes four, historic, small, high-grade, gold mines (see map).

In September, 2012, PBG Geoscience Ltd. was commissioned to review historical property work, to assess the current status of exploration on the Daylight Property and to make recommendations for future exploration. This study is now complete and has successfully identified four gold bearing targets that require exploration. These are the Great Eastern Porphyry Gold Zone, the Starlight Shear Zone, the North Star Shear Zone and the Silver King Gold Corridor.

The Great Eastern Porphyry Gold Zone is a strong untested gold soil anomaly that is 1.1 km long and up to 500 metres wide located over an overburden covered area immediately west of the historic Great Eastern Gold Mine.

The Starlight Shear Zone is host to the historic Starlight, Victoria and Daylight gold mines. This mineralized shear zone is up to 50 metres wide, and has been traced by IP for 3.0 km along strike.

The North Star Shear Zone lies 500 metres north of the Starlight shear. The zone is 54 metres wide gives a prominent IP chargeability anomaly that has been traced 2.0 km south where it joins with the Starlight anomaly. The zone was explored with 7 long trenches in 1939 and continuous chip sampling was reported to give a grade of 1.20 g/t gold across the entire 54 metre width. In 1980 Asarco tested the zone with a single diamond drill hole. The hole, DDH80-1, assayed 0.88 g/t gold across 33.5 metres.

The Silver King Gold Corridor is defined by a series of strong gold soil anomalies that are traced over a 1.0 km long zone that is up to 300 metres wide. A single drill hole near the north end of the soil anomaly intersected 38 metre that assayed 0.33 g/t gold. This zone has significant tonnage potential if higher grades can be achieved.

An expanded work program is recommended for the Daylight Property in 2013. This recommended program involves detailed geological mapping, structural, alteration and mineralization studies, prospecting, trenching, sampling and up to 6,000 metres of diamond drilling on the four targets. Sultan is seeking financing to fund the recommended exploration work.

Perry Grunenberg, P. Geo., is Sultans project supervisor for the three properties and “Qualified Person” for the purpose of National Instrument 43-101.

Arthur G. Troup, P.Eng., Geological

President and CEO

For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: mlee@sultanminerals.com or info@sultanminerals.com

For further information on Sultan’s projects, visit www.sultanminerals.com.

This release was prepared by Sultan’s management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Sultan expects are forward-looking statements. Although Sultan believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Sultan, investors should review Sultan’s filings that are available at www.sedar.com or Sultan’s website at www.sultanminerals.com.

News is out on three Venture Exchange oil companies. Cancen Oil Canada Inc. (TSX-V: :COI) released 2012 forth quarter and annual highlights. Paris Energy Inc. (TSX-V: PI) released results for the three months ending February 28, 2013. United Hunter Oil & Gas Corp. (TSX-V: UHO) announced that Arthur Halleran will continue as CEO and director of United Hunter Oil & Gas Corp. to assist with the continued search for a replacement CEO and new ventures.

Here are the details: 

Cancen Oil Canada Inc. (TSX-V: COI) 2012 Fourth Quarter and Annual Highlights:

• The Company completed the purchase and commenced operating the Silver Valley facility in Gordondale area of Alberta in the first quarter of 2012 and subsequent to receiving ERCB approval to operate the disposal well, began water disposal and custom treating services in the last quarter of 2012.
• The Company received a development permit from Strathcona County to allow the Chamberlain asset to operate as a custom treating facility and further progress made towards conversion of Chamberlain Facility into an operational custom treating facility.
• The Company acquired the Kinsella crude oil terminalling and blending for total consideration of $5.0 million. Subsequent to the acquisition date, $1.0 million of the goodwill associated with this transaction was deemed to be impaired and hence written off.
• 94% increase in net book value of property, plant and equipment to $14.8 million as at December 31, 2012 from $7.6 million as at December 31, 2011.
• 77% increase in revenues in the fourth quarter of 2012 over the third quarter of $0.3 million, with operating expenses of $0.5 million. Revenues for the year ended December 2012 were $0.8 million with operating costs of $1.1 million.
• Net loss per share for the year ended December 2012 is $(0.06) and for the quarter ended December 31, 2012 is $(0.03).
• In December, the Company announced a new management team who joined in January 2013 and have invested $1.3 million into the Company.

Read more at: http://stockgurucanada.com/tag/tsx-v-coi/

Paris Energy Inc. (TSX-V: PI) announced its financial and operating results for the three months ended February 28, 2013. These documents can be accessed on the SEDAR website (www.sedar.com).

Read more at: http://stockgurucanada.com/tag/tsx-v-pi/

United Hunter Oil and Gas Corp. Announces Arthur Halleran Will Continue as CEO and a Director of United Hunter:

The Corporation announces that Arthur Halleran will continue as CEO and director of United Hunter Oil & Gas Corp. to assist with the continued search for a replacement CEO and new ventures.
United Hunter Oil & Gas Corp. (www.unitedhunteroil.com) is a Canadian based corporation with management very experienced in the oil and gas industry with projects in California and Canada. United Hunter Oil & Gas Corp. is publicly traded on TSX Venture Exchange (TSX-V: UHO).

Read more at: http://stockgurucanada.com/tag/tsx-v-uho/

MacroSolve Announces $923,000 Increase in Net Income for First Quarter 2013 Over First Quarter 2012
Second Consecutive Quarter of Net Income Driven by Mobile App Technologies & Licensing

MacroSolve, Inc. (OTCQB: MCVE) (“MacroSolve” or the “Company”), a leading provider of mobile technologies intellectual property, today announced financial results for its first quarter ended March 31, 2013.

Highlights for the first quarter of 2013 include:

• Net income increased $923,000 to $218,000 in 1Q13 from $(705,000) net loss in 1Q12;
• Net income from continuing operations increased $225,000 to $218,000 in 1Q13 from $(7,000) in 1Q12; and
• Operating expenses decreased 49% to $155,000 in 1Q13 from $303,000 in 1Q12.

Net income for 1Q13 was $218,000 or $0.001 per share, as compared to the 1Q12 net loss of $(705,000), or $(0.004) per share, an increase of $923,000. The increase was primarily due to the sale of Illume Mobile and the elimination of its operating losses. The Company improved its use of cash in operations, with cash used in operating activities declining by $443,000 in 1Q13 as compared to 1Q12, resulting in a $378,000 increase in cash at March 31, 2013, which was $702,000 as compared to $325,000 on March 31, 2012.

Operating expenses decreased 49% in 1Q13 to $155,000 from $303,000 in 1Q12, as adjusted for the Illume Mobile divestiture. After the sale, the Company restructured its management and strategically reduced its operating overhead, resulting in $218,000 net income from continuing operations in 1Q13, a $225,000 increase from $(7,000) in 1Q12.

Revenues for 1Q13 were $666,000 as compared to $699,000 in 1Q12, as adjusted for the discontinuance of the Illume Mobile operations which was sold to DecisionPoint Systems, Inc. in July 2012. A significant source of revenue comes from the Company’s enforcement of its ’816′ patent. The $(33,000), or 5% decrease, is attributable to fluctuations inherent to the nature of legal proceedings.

“The strategic restructuring of the Company following the divesture of Illume Mobile in 2012 is proving to be a sound one,” stated CFO Kendall Carpenter. “We continue to execute on our plan for profitability, positive cash flow and debt reduction by monetizing our intellectual property and expanding our business and patent advisory services for small and medium-sized mobile app ventures. Our core management team has demonstrated their breadth of experience, leading to impressive first quarter results.”

For further information please see MacroSolve’s full 1Q13 10Q filing at www.sec.gov.

About MacroSolve
Founded in 1997, MacroSolve is heralded for its robust IP portfolio, while advancing throughout the mobile apps era by innovating key technologies that have laid the foundation for apps and next-gen developers. Today, MacroSolve is empowering a new era of mobile innovators seeking advisory and patent services and IP strength from a source of experience. For more information, visitwww.macrosolve.com.

Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

SEE FINANCIAL STATEMENTS HERE

The IR Affiliates Network “IRA” is a network of sites that targets the broad market, most sectors, most industries and key companies key companies that drive our North American economy – and the world’s economy as a whole. On occasion we are compensated for coverage of certain companies that are shared on our network.  A third party investor relations firm paid IRA seven thousand five hundred dollars to cover several of their clients. Macrosolve, Inc. (OTCQB: MCVE) is one of those companies.   IRA makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of smallcap investing, the smallcaps should be considered highly speculative as they carry a high degree of risk. In the past, MCVE compensated us a total of two hundred thirty three thousand restricted shares. We currently hold one hundred thousand of those shares in certificate form.  Additionally we were paid ten thousand dollars in the fall of 2010 by an investor relations firm for coverage of MCVE. The IR Affiliates Network is a group of more than one thousand sites owned and operated by Pentony Enterprises LLC.

MacroSolve Announces $923,000 Increase in Net Income for First Quarter 2013 Over First Quarter 2012
Second Consecutive Quarter of Net Income Driven by Mobile App Technologies & Licensing

MacroSolve, Inc. (OTCQB: MCVE) (“MacroSolve” or the “Company”), a leading provider of mobile technologies intellectual property, today announced financial results for its first quarter ended March 31, 2013.

Highlights for the first quarter of 2013 include:

• Net income increased $923,000 to $218,000 in 1Q13 from $(705,000) net loss in 1Q12;
• Net income from continuing operations increased $225,000 to $218,000 in 1Q13 from $(7,000) in 1Q12; and
• Operating expenses decreased 49% to $155,000 in 1Q13 from $303,000 in 1Q12.

Net income for 1Q13 was $218,000 or $0.001 per share, as compared to the 1Q12 net loss of $(705,000), or $(0.004) per share, an increase of $923,000. The increase was primarily due to the sale of Illume Mobile and the elimination of its operating losses. The Company improved its use of cash in operations, with cash used in operating activities declining by $443,000 in 1Q13 as compared to 1Q12, resulting in a $378,000 increase in cash at March 31, 2013, which was $702,000 as compared to $325,000 on March 31, 2012.

Operating expenses decreased 49% in 1Q13 to $155,000 from $303,000 in 1Q12, as adjusted for the Illume Mobile divestiture. After the sale, the Company restructured its management and strategically reduced its operating overhead, resulting in $218,000 net income from continuing operations in 1Q13, a $225,000 increase from $(7,000) in 1Q12.

Revenues for 1Q13 were $666,000 as compared to $699,000 in 1Q12, as adjusted for the discontinuance of the Illume Mobile operations which was sold to DecisionPoint Systems, Inc. in July 2012. A significant source of revenue comes from the Company’s enforcement of its ’816′ patent. The $(33,000), or 5% decrease, is attributable to fluctuations inherent to the nature of legal proceedings.

“The strategic restructuring of the Company following the divesture of Illume Mobile in 2012 is proving to be a sound one,” stated CFO Kendall Carpenter. “We continue to execute on our plan for profitability, positive cash flow and debt reduction by monetizing our intellectual property and expanding our business and patent advisory services for small and medium-sized mobile app ventures. Our core management team has demonstrated their breadth of experience, leading to impressive first quarter results.”

For further information please see MacroSolve’s full 1Q13 10Q filing at www.sec.gov.

About MacroSolve
Founded in 1997, MacroSolve is heralded for its robust IP portfolio, while advancing throughout the mobile apps era by innovating key technologies that have laid the foundation for apps and next-gen developers. Today, MacroSolve is empowering a new era of mobile innovators seeking advisory and patent services and IP strength from a source of experience. For more information, visitwww.macrosolve.com.

Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

SEE FINANCIAL STATEMENTS HERE

The IR Affiliates Network “IRA” is a network of sites that targets the broad market, most sectors, most industries and key companies key companies that drive our North American economy – and the world’s economy as a whole. On occasion we are compensated for coverage of certain companies that are shared on our network.  A third party investor relations firm paid IRA seven thousand five hundred dollars to cover several of their clients. Macrosolve, Inc. (OTCQB: MCVE) is one of those companies.   IRA makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of smallcap investing, the smallcaps should be considered highly speculative as they carry a high degree of risk. In the past, MCVE compensated us a total of two hundred thirty three thousand restricted shares. We currently hold one hundred thousand of those shares in certificate form.  Additionally we were paid ten thousand dollars in the fall of 2010 by an investor relations firm for coverage of MCVE. The IR Affiliates Network is a group of more than one thousand sites owned and operated by Pentony Enterprises LLC.

MacroSolve Announces $923,000 Increase in Net Income for First Quarter 2013 Over First Quarter 2012
Second Consecutive Quarter of Net Income Driven by Mobile App Technologies & Licensing

MacroSolve, Inc. (OTCQB: MCVE) (“MacroSolve” or the “Company”), a leading provider of mobile technologies intellectual property, today announced financial results for its first quarter ended March 31, 2013.

Highlights for the first quarter of 2013 include:

• Net income increased $923,000 to $218,000 in 1Q13 from $(705,000) net loss in 1Q12;
• Net income from continuing operations increased $225,000 to $218,000 in 1Q13 from $(7,000) in 1Q12; and
• Operating expenses decreased 49% to $155,000 in 1Q13 from $303,000 in 1Q12.

Net income for 1Q13 was $218,000 or $0.001 per share, as compared to the 1Q12 net loss of $(705,000), or $(0.004) per share, an increase of $923,000. The increase was primarily due to the sale of Illume Mobile and the elimination of its operating losses. The Company improved its use of cash in operations, with cash used in operating activities declining by $443,000 in 1Q13 as compared to 1Q12, resulting in a $378,000 increase in cash at March 31, 2013, which was $702,000 as compared to $325,000 on March 31, 2012. Continue reading

North Bay Resources Inc. (NBRI): Operations Resume at Ruby Mine

North Bay Resources Inc. (OTCQB: NBRI) (“North Bay” or the “Company”) is pleased to confirm that operations at the Ruby Mine have resumed on schedule on April 29, 2013.

The Company also announced today that our wholly-owned subsidiary, Ruby Gold, Inc. (“RGI”), has leased new and expanded office space in Grass Valley, CA, which will serve as the Ruby Mine’s year-round mine planning and coordination headquarters.

The Company will continue to issue progress reports as the Ruby Tunnel Rehab Project moves forward towards completion and the expected start of mining operations this summer. We will announce a target date for the start of mining operations once the tunnel rehab work has restored natural airflow to the full extent of the mine, from the Ruby Portal to secondary exit at the Lawry Shaft.

About The Ruby Gold Project

The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 350,000 ounces of gold since the 1850s, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 1,755 acres, only a small portion of which has been explored to date. The property consists of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information on the Ruby Mine, please visit the Ruby page on the North Bay website athttp://www.northbayresources.com/ruby/.

About North Bay Resources Inc.

North Bay Resources Inc. (OTCQB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.

In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently looking to acquire additional operating mines in the western US.

The Company’s mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay’s business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as “measured,” “indicated,” and “inferred” “resources,” which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our Form S-1 and Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml

CONTACT:

Perry Leopold, CEO
North Bay Resources Inc.
2120 Bethel Road
Lansdale, PA , 19446
Website: http://www.northbayresources.com
Phone: 215-661-1100

StockGuru.com 
StockGuruCanada.com 
Shareholdervision.com
BoldStocks.com
IR Affiliates – IRIR.co
StoneBridge Web & SEO – StonebridgeIQ.com

All content on StockGuru.com is original content – with the exception of client news releases. All content is (C) Copyright 2002 to 2012 Pentony Enterprises LLC. No content may be used in whole or in part without the express written consent of our Publisher. We encourage web sites interested in our content to offer a reciprical exchange agreement in exchange for use of some of our content. We do not offer advance approval, but contact our Publisher if you have an interest in repropagating our content. Contact as at: Publisher@StockGuru.com or (469) 252-3030. Mailing address: 1601 Berwick Drive; McKinney, Texas 75070. NBRI Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with NBRI. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program, and 144 shares come with a six month hold from the time a program has ended before registration. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company will compensate us a total of eleven thousand three hundred and sixty dollars for coverage, with a possible one hundred thousand shares later in 2012. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

North Bay Resources Inc. (NBRI): Operations Resume at Ruby Mine

North Bay Resources Inc. (OTCQB: NBRI) (“North Bay” or the “Company”) is pleased to confirm that operations at the Ruby Mine have resumed on schedule on April 29, 2013.

The Company also announced today that our wholly-owned subsidiary, Ruby Gold, Inc. (“RGI”), has leased new and expanded office space in Grass Valley, CA, which will serve as the Ruby Mine’s year-round mine planning and coordination headquarters.

The Company will continue to issue progress reports as the Ruby Tunnel Rehab Project moves forward towards completion and the expected start of mining operations this summer. We will announce a target date for the start of mining operations once the tunnel rehab work has restored natural airflow to the full extent of the mine, from the Ruby Portal to secondary exit at the Lawry Shaft. Continue reading

North Bay Resources Inc. (NBRI): Operations Resume at Ruby Mine

North Bay Resources Inc. (OTCQB: NBRI) (“North Bay” or the “Company”) is pleased to confirm that operations at the Ruby Mine have resumed on schedule on April 29, 2013.

The Company also announced today that our wholly-owned subsidiary, Ruby Gold, Inc. (“RGI”), has leased new and expanded office space in Grass Valley, CA, which will serve as the Ruby Mine’s year-round mine planning and coordination headquarters.

The Company will continue to issue progress reports as the Ruby Tunnel Rehab Project moves forward towards completion and the expected start of mining operations this summer. We will announce a target date for the start of mining operations once the tunnel rehab work has restored natural airflow to the full extent of the mine, from the Ruby Portal to secondary exit at the Lawry Shaft.

About The Ruby Gold Project

The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 350,000 ounces of gold since the 1850s, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 1,755 acres, only a small portion of which has been explored to date. The property consists of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information on the Ruby Mine, please visit the Ruby page on the North Bay website athttp://www.northbayresources.com/ruby/.

About North Bay Resources Inc.

North Bay Resources Inc. (OTCQB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.

In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently looking to acquire additional operating mines in the western US.

The Company’s mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay’s business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as “measured,” “indicated,” and “inferred” “resources,” which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our Form S-1 and Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml

CONTACT:

Perry Leopold, CEO
North Bay Resources Inc.
2120 Bethel Road
Lansdale, PA , 19446
Website: http://www.northbayresources.com
Phone: 215-661-1100

StockGuru.com 
StockGuruCanada.com 
Shareholdervision.com
BoldStocks.com
IR Affiliates – IRIR.co
StoneBridge Web & SEO – StonebridgeIQ.com

All content on StockGuru.com is original content – with the exception of client news releases. All content is (C) Copyright 2002 to 2012 Pentony Enterprises LLC. No content may be used in whole or in part without the express written consent of our Publisher. We encourage web sites interested in our content to offer a reciprical exchange agreement in exchange for use of some of our content. We do not offer advance approval, but contact our Publisher if you have an interest in repropagating our content. Contact as at: Publisher@StockGuru.com or (469) 252-3030. Mailing address: 1601 Berwick Drive; McKinney, Texas 75070. NBRI Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with NBRI. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program, and 144 shares come with a six month hold from the time a program has ended before registration. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company will compensate us a total of eleven thousand three hundred and sixty dollars for coverage, with a possible one hundred thousand shares later in 2012. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

MacroSolve Announces $923,000 Increase in Net Income for First Quarter 2013 Over First Quarter 2012
Second Consecutive Quarter of Net Income Driven by Mobile App Technologies & Licensing

MacroSolve, Inc. (OTCQB: MCVE) (“MacroSolve” or the “Company”), a leading provider of mobile technologies intellectual property, today announced financial results for its first quarter ended March 31, 2013.

Highlights for the first quarter of 2013 include:

• Net income increased $923,000 to $218,000 in 1Q13 from $(705,000) net loss in 1Q12;
• Net income from continuing operations increased $225,000 to $218,000 in 1Q13 from $(7,000) in 1Q12; and
• Operating expenses decreased 49% to $155,000 in 1Q13 from $303,000 in 1Q12.

Net income for 1Q13 was $218,000 or $0.001 per share, as compared to the 1Q12 net loss of $(705,000), or $(0.004) per share, an increase of $923,000. The increase was primarily due to the sale of Illume Mobile and the elimination of its operating losses. The Company improved its use of cash in operations, with cash used in operating activities declining by $443,000 in 1Q13 as compared to 1Q12, resulting in a $378,000 increase in cash at March 31, 2013, which was $702,000 as compared to $325,000 on March 31, 2012.

Operating expenses decreased 49% in 1Q13 to $155,000 from $303,000 in 1Q12, as adjusted for the Illume Mobile divestiture. After the sale, the Company restructured its management and strategically reduced its operating overhead, resulting in $218,000 net income from continuing operations in 1Q13, a $225,000 increase from $(7,000) in 1Q12.

Revenues for 1Q13 were $666,000 as compared to $699,000 in 1Q12, as adjusted for the discontinuance of the Illume Mobile operations which was sold to DecisionPoint Systems, Inc. in July 2012. A significant source of revenue comes from the Company’s enforcement of its ’816′ patent. The $(33,000), or 5% decrease, is attributable to fluctuations inherent to the nature of legal proceedings.

“The strategic restructuring of the Company following the divesture of Illume Mobile in 2012 is proving to be a sound one,” stated CFO Kendall Carpenter. “We continue to execute on our plan for profitability, positive cash flow and debt reduction by monetizing our intellectual property and expanding our business and patent advisory services for small and medium-sized mobile app ventures. Our core management team has demonstrated their breadth of experience, leading to impressive first quarter results.”

For further information please see MacroSolve’s full 1Q13 10Q filing at www.sec.gov.

About MacroSolve
Founded in 1997, MacroSolve is heralded for its robust IP portfolio, while advancing throughout the mobile apps era by innovating key technologies that have laid the foundation for apps and next-gen developers. Today, MacroSolve is empowering a new era of mobile innovators seeking advisory and patent services and IP strength from a source of experience. For more information, visitwww.macrosolve.com.

Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

SEE FINANCIAL STATEMENTS HERE

The IR Affiliates Network “IRA” is a network of sites that targets the broad market, most sectors, most industries and key companies key companies that drive our North American economy – and the world’s economy as a whole. On occasion we are compensated for coverage of certain companies that are shared on our network.  A third party investor relations firm paid IRA seven thousand five hundred dollars to cover several of their clients. Macrosolve, Inc. (OTCQB: MCVE) is one of those companies.   IRA makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of smallcap investing, the smallcaps should be considered highly speculative as they carry a high degree of risk. In the past, MCVE compensated us a total of two hundred thirty three thousand restricted shares. We currently hold one hundred thousand of those shares in certificate form.  Additionally we were paid ten thousand dollars in the fall of 2010 by an investor relations firm for coverage of MCVE. The IR Affiliates Network is a group of more than one thousand sites owned and operated by Pentony Enterprises LLC.