Construction News

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/17/12 -- Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (TSX VENTURE:AMY)(PINKSHEETS:AMYZF)(FRANKFURT:2AM) ("American Manganese" or the "Company") announces the receipt of the financial model results from the preliminary feasibility study (the Report), prepared by Tetra Tech Wardrop (Tetra Tech), for its 100% owned Artillery Peak Manganese Project (Mohave County, Arizona). The complete NI 43-101 compliant Technical Report will be filed with the regulators on SEDAR within 45 days of this news release. A summary from the Report of the pre-tax financial model results is presented below: --------------------------------------------------------------------------- NPV @ NPV @ NPV @ NPV @ 0% 5% 8% 10% Pay IRR ($US ($US ($US ($US Back Case (%) million) million) million) million) (Years) -... (more)

BYTEGRID(TM) Aligns and Strengthens Management Team With Key Appointments

SILVER SPRING, MD -- (Marketwire) -- 05/17/12 -- BYTEGRID™, an emerging company focused on the national acquisition, development and operation of premier wholesale data center facilities, today announced key management additions. Don Goodwin was named Executive Vice President, Marketing and Leasing, and Joe Solis was named VP Finance & Controller. The appointments reflect the company's commitment to grow its wholesale data center footprint in the metro Washington D.C. area and nationally. Mr. Goodwin joins BYTEGRID after nearly three years at Latisys, a colocation and managed ser... (more)

Navios Maritime Holdings Inc. Reports Financial Results for the First Quarter Ended March 31, 2012

PIRAEUS, GREECE -- (Marketwire) -- 05/17/12 -- Navios Maritime Holdings Inc. (NYSE: NM) Dividend of $0.06 per share for Q1 2012 $223 million available liquidity Strong EBITDA generation of $62.6 million - EPS of $0.09 per share 2012 Fleet Coverage of 89.4% Fleet Utilization of 99% Delivery of three owned vessels Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, today reported financial results for the quarter ended March 31, 2012. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Hol... (more)

Global Energy Inc. Chief Executive Officer Issues Letter to Stockholders

In a letter to company stockholders issued today, Mr. Asi Shalgi, chief executive officer of Global Energy, Inc. (OTCBB: GEYI)(“Company”), stated the following: Dear Shareholders, I would like to take this opportunity to personally address you and update you on the development status of our Company. Due to the confidential nature of our development work with some of our partners, I will avoid mentioning their names. As of the date hereof, we are still working with our partners to develop the KDV technology. All partners are working to increase the output efficiency and perform... (more)

UNR Holdings Announces First Quarter 2012 Financial Results

ORLANDO, FL -- (Marketwire) -- 05/17/12 -- UNR Holdings, Inc. (OTCBB: UNRH) ("UNR" or the "Company"), a leading commercial and residential real estate development and construction company, operating principally in the city of Moscow and its suburban communities, and also a provider of infrastructure construction services for government oil and gas projects in the Russian Federation, today announced its financial results for the quarter ended March 31, 2012. UNR Holdings CEO Alexey Kim stated, "Although we experienced a drop in first quarter revenue year-over-year, our expectatio... (more)