Independent Bank Corporation (Nasdaq:IBCP) the Board of Directors announced its senior management succession plan under which Brad Kessel will assume the role of President of the Company, effective as of Apr. 1, 2011 and Mike Magee, the Company's current President and CEO, will continue to serve as the Company's CEO until his retirement at the end of 2012. As part of the transition plan, Mr. Magee will assume the role of Board Chairman as of the date of this year's Annual Meeting of Shareholders.
Independent Bank Corporation operates as a holding company for the Independent Bank that provides various commercial banking services in Michigan. The company offers various deposit products, including non-interest bearing demand deposits, time deposits, checking and savings accounts, and NOW accounts.
Enter Orofino Gold Corp. (ORFG.PK) a precious metals acquisition, exploration, and development company that acquires and explores strategically-located precious metals properties in the historically rich gold-bearing jurisdictions of Colombia and Mexico that has signed an option agreement to acquire several properties in Colombia, currently a hot spot of gold production.
With the frequent occurrence of the very high grade gold vein systems in the central area of its Senderos de Oro project, and with several small scale grinding and amalgamation mills in-place, Orofino is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high-grade material to produce up to 120,000 ounces of gold annually.
ORFG has announced the appointment of Mr. Salvador Rivero to the company's Board of Directors.
ORFG has also announced retaining FAC Media Group; the Scottsdale, Arizona based consulting firm, to establish brand and corporate awareness for ORFG.
The Senderos de Oro Project is comprised of more than 3000 hectares of Gold and other mineral concessions in the minera mining area of central Sur de Bolivar. The Project resembles the La Bodega and Vetas California Projects, currently being explored and developed by Canadian Exploration Company Ventana Gold, for which EBX recently extended an unsolicited tender offer of $1.3 Billion.
More about ORFG at:www.orofinogold.com
Vertro, Inc. (Nasdaq:VTRO) announced that its Board of Directors has approved a stock repurchase program that authorizes the Company to repurchase up to $1.0 million of its common stock over a period of one year, based upon market conditions and other factors. The Company expects to use existing cash or cash from operations to finance any transactions. Repurchases will be made in accordance with applicable securities law in the open market or through privately negotiated transactions at the Company's discretion.
Vertro, Inc., an Internet company that owns and operates the ALOT product portfolio primarily in the United States. The company offers ALOT toolbar, homepage, and desktop applications, which are designed to make the Internet easy for consumers by providing direct access to affinity content and search results.
A substantial body of research shows that there are serious health and financial consequences associated with being uninsured. Moreover, research shows that leaving a large share of the population without health insurance affects not only those who are uninsured, but also the health and economic wellbeing of the nation. Yet, despite these findings, the number of uninsured Americans continues to grow. Although the national debate over ensuring health coverage for more Americans periodically gains momentum, it then stallsperhaps in part because not enough is known about both the benefits and the costs of expanding coverage to more, if not all, of the uninsured.
National Health Partners, Inc. (National Health) (OTCBB:NHPR.OB), a leading provider of unique discount healthcare membership programs, announced that the Company has achieved positive earnings for the quarter ended September 30, 2010 compared to a loss of $522,542 for the same period last year. Revenues for the 3rd quarter grew 12.3% over the same period last year. The Company attributes the net earnings to the significant cost-cutting initiatives taken over the past couple of quarters and which is continuing in the 4th quarter.
The company's primary target customer group is the 47 million Americans who have no health insurance of any kind. The company's secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.
More about NHPR at: www.nationalhealthpartners.com
Dot Hill Systems Corp. (Nasdaq:HILL) announced it is scheduled to release fourth quarter 2010 financial results after the close of the market on March 3, 2011. Dot Hill's fourth quarter 2010 financial results conference call is scheduled to take place on Thursday, March 3, 2011 at 4:30 p.m. ET. Please join us for a live audio webcast in the Investor Relations section. If you prefer to join via telephone, please dial (877) 303-3196 (U.S.) or (408) 427-3864 (International) at least five minutes prior to the start of the call.
Dot Hill Systems Corp. provides entry-level and midrange storage systems and enterprise server software for organizations requiring networked storage and data management solutions in open systems architecture.
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