SciQuest, Inc., (NASDAQ:SQI) a leading provider of on-demand strategic procurement and supplier management solutions, announced the appointment of Peter N. Asmar to vice president, Customer Operations. Asmar brings decades of experience managing large information system teams at world class organizations to SciQuest. As Vice President of Customer Operations, he will develop strategy and lead the successful execution of SciQuest's customer facing operations. This includes client delivery, customer support, client partner and supplier network services organizations.
SciQuest, Inc. provides an on-demand strategic procurement and supplier enablement solution worldwide.
*************************************
Majestic Gold Corp. (MJS.V)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Gold mineralization on Song Jiaguo is hosted by a series of steeply dipping, sub-parallel north-northeast trending fault zones within upper Cretaceous conglomerates overlying Proterozoic granitic rocks. The area of Song Jiaguo is interpreted as being the higher levels of a mesothermal system where gold bearing fluids have mineralized the matrix of the host conglomerates. The gold bearing quartz veins would then likely continue to much lower levels in the system.
Some of the uses of gold are:
* Gold is a great conductor of electricity and heat. It also does not tarnish. Due to these properties, it is widely used in the electronics industry.
* Gold solder is used to join golden jewelry pieces together.
*Golden thread is used in embroidery.
*Gold can be hammered into very thin sheets and wires due to its malleability and ductility.
* Gold is used as a medium of exchange and as financial backing for currency in the form of gold coins, bars, ingots etc.
* Gold is used in medals and awards due to its purity and high value.
Majestic Gold Corp. (MJS.V) 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.
For more information, please visit their website: http://www.majesticgold.net
*************************************
Sealed Air Corporation (NYSE:SEE) announced that David H. Kelsey is leaving the Company on August 12th to pursue an opportunity at a privately held company in the Midwest. Tod S. Christie, who has served as the Company's Treasurer and a Corporate Officer since 1999, has been appointed to the additional role of Interim Chief Financial Officer, effective August 12, 2011. The Company has initiated a search to fill the CFO position on a permanent basis.
Sealed Air Corporation, through its subsidiaries, manufactures and sells packaging and performance-based materials and equipment systems worldwide.
*************************************
Crown Equity Holdings Inc. (CRWE)
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
Internet marketing covers different aspects and methods. These include the design, development, advertising and sales of products and services. The methods include search engine marketing, display advertising, email marketing and marketing as interactive blogs.
Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
For more information, please visit their website: http://www.crownequityholdings.com
*************************************
Advent Software, Inc. (Nasdaq:ADVS) announced its financial results for the second quarter ended June 30, 2011. SECOND QUARTER 2011 RESULTS: GAAP Results for Continuing Operations: The Company reported quarterly revenue from continuing operations of $80.1 million for the second quarter of 2011, compared to $69.3 million in the second quarter of 2010, a 16% increase. Operating income from continuing operations for the second quarter of 2011 was $10.4 million, or 13% of revenue, up from $7.6 million or 11% of revenue for the second quarter of 2010. Net income from continuing operations for the second quarter of 2011 was $7.1 million compared to $4.8 million in the second quarter of 2010, a 46% increase.
Advent Software, Inc. provides software and services that automate work flows and data across investment management organizations, as well as the information flows between an investment management organization and external parties.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. BestOtc.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer ( http://bestotc.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold BestOTC.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.
(SQI, MJS.V, SEE, CRWE, ADVS) Stocks Report by BestOtc.com
August 3rd, 2011 at 09:45 am