Wednesday, September 26, 2007

News on UC and VSI

Some info on some of my holdings.


Here was their news on March 15, 2007:

UC Resources Ltd. Reports La Yesca's Gold & Silver Production Up 80%Thursday March 15, 12:22 pm ET TORREON, COAHUILA, MEXICO and VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 15, 2007 -- UC Resources Ltd. (the Company) (CDNX:UC.V - News) is providing the third update on its newly commissioned plant at the La Yesca Gold and Silver project situated at La Yesca, Nayarit, Mexico. The Mill, which was commissioned and began operations in January (see news release dated Jan 30, 2007), is a copper-ammonium thio-sulphate facility at La Yesca, Mexico. The Company is pleased to report on the mill's progress, in this the third biweekly progress report. During the 14 day period ending March 14, 2007, the mill has processed 924 tonnes of tailings material (an increase of 411 tonnes or 80% over the previous biweekly period) with grades averaging 2 grams per tonne (g/t) gold (Au) and 220 g/t Silver (Ag) for an average daily production of 84 tonnes per day over the 11 day span of operations. The net results of the modifications to the process in this period show an operating time increase of approximately 22% over the previous period. Downtime for this period was slightly less than 3 days as compared to 5 days in the previous bi-weekly period. An independent metallurgist is back on the site as of yesterday, and will continue to be available to help modify and improve the process in order to reach the facility's stated capacity of 200 tpd. An update to the existing National Instrument (NI) 43-101 compliant report has been commissioned and will be made public upon completion. States Richard Hamelin, President of UC Resources: "We are very pleased with the progress at La Yesca. We are currently processing approximately 100 tpd right now and this facility seems to be meeting and exceeding our expectations. We are confident that we will achieve the 200 tpd capacity of the mill. The plant's efficiencies are very consistent, with recovery rates of 72% for gold and 70% for silver. We are initially concentrating on increasing tonnage and achieving a higher uptime. Once we achieve our tonnage goals, we will focus on increasing recovery rates to 80% for both silver and gold." This press release has been prepared by management of UC Resources Ltd. and has been approved for dissemination by Neil Novak P.Geo. of Cambridge, Ontario, a Qualified Person under Canadian Securities guidelines, in his capacity as Vice President for UC Resources Ltd. On behalf of the Board of Directors, Richard J. Hamelin, President/Director

VSI.VN came out with good news on Thursday:

VendTek Reports First Quarter Results of 2007Thursday March 29, 4:51 pm ET TSXV: VSI VANCOUVER, March 29 /PRNewswire-FirstCall/ - VendTek Systems Inc. (TSX-V: VSI - News; "VendTek" or "The Company" ), a leading provider of automated transaction system software, is pleased to report the results of its operations for the first quarter ended January 31, 2007.Total revenues increased 28% for the first of quarter of 2007 to $16.415 million from $12.824 million.Prepaid telecommunications revenue totaled $16.117 million for the quarter ended January 31, 2007, compared to $12.726 million for same quarter in 2006. The 27% increase is primarily due to ongoing installation of POS terminals across Canada for distribution of virtual prepaid telecommunications vouchers (or PINs) through our distribution network.Our software and related service revenue increased by $228,000 (or 691%) to $261,000 for the first quarter of 2007 from $33,000 for the same period in 2006. Software and services revenue increased because of our licensing customer in the United Arab Emirates.Our hardware revenue for the first quarter of 2007 was $36,000 compared to $66,000 in 2006. The decrease was due to reduced parts orders from our legacy vending machine customers.Overall gross margins increased from 5.6% for the first quarter of 2006 to 7.0% for the first quarter of 2007.Net income for the three months ended January 31, 2007 was $268,000 compared with $94,000 for the three months ended January 31, 2006."We are pleased with our first quarter results. Our expansion outside of Canada, particularly in the U.A.E, is starting to have a significant impact on our results. We look forward to our growth plans in the United States and continued growth in Canada." Said Doug Buchanan, President and CEO of VendTek Systems Inc.The complete statements are available at
Source: Adventures in day tradding

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