Monthly Archives: August 2015

Real Brands, Inc. Focused on Alternative Beverage Brand Ownership

FORT LAUDERDALE, FL / ACCESSWIRE / August 31, 2015 / Real Brands, Inc. (“Real Brands”) (PINKSHEETS: RLBD), announced today it will pursue a beverage strategy with an initial focus on brand ownership in the alternative beverage category.

“Going forward our strategy will focus on beverage brand ownership and expanding distribution for these brands,” said Jerry Pearring CEO of Real Brands. “Brand ownership will be our guiding principle that we will adapt to the latest trends in the industry as we continue to expand the base we have.”

“Together Pete Christos and I realize that if we bring brand ownership and expanded distribution together in unique and creative ways this beverage category can be very rewarding,” said Pearring. “Building beverage brands and creating beverage distribution opportunities for these brands are our core strengths and although small we will work to be among the most innovative beverage companies in our space.”

“With brand ownership and expanding distribution as core strategic priorities, we are facing an exciting future,” said Pete Christos, Chairman of Real Brands. “As we are driven by market realities; we remain market opportunistic, and are incorporating a search and review process that has already yielded potential synergistic prospects.”

About Real Brands

Real Brands, Inc. (RLBD) is a publicly held Beverage company. The Company’s strategy is to build beverage brands and distribution, and is currently focused on the HillBilly beverage line of lemonade and iced teas that competes in the alternative beverage category. Real Brands currently has the exclusive worldwide license for non-alcoholic beverages (i.e. lemonade, iced tea, etc.), beer and malt beverages with HillBilly (TM) Brand (“HB”). For additional information go to www.realbrandsusa.com.

Safe Harbor Statement

Any statements in this press release that relate to Real Brands’ expectations with regard to the future impact on its results are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements might not occur. Real Brands undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in Real Brands’ plans or expectations.

Interviews and imagery available upon request

CONTACT:

Real Brands, Inc.
Jerry Pearring
jerry@realbrandsusa.com
954-270-5309

SOURCE: Real Brands, Inc.

ReleaseID: 431635

University Researchers Unveil Lowest Cost – Highest Impact Clean Water Technology

REDONDO BEACH, CA / ACCESSWIRE / August 31, 2015 / BioLargo, Inc. (OTC: BLGO) announced that on Monday, August 17th, researchers at the University of Alberta held a confidential technical conference where they demonstrated the BioLargo AOS Filter operating live in real time to an audience of about 30 individuals representing interested stakeholder groups, ranging from; science, research, academia, industry, engineering, federal and municipal funding agencies, investment professionals and a leading global philanthropic organization. University researchers also presented attendees with impressive results that continued to repeat in approximately 100 studies.

The performance data continues to validate the company’s technical claims associated with the AOS Filter. These technical claims; less than 1/20th the cost of the nearest technical competitor, greater than 100 times the efficacy (disinfection) and greater than 10 times faster than any technical competitor, support the AOS Filter’s important role and high value in just about every segment of the global water industry estimated at $350 Billion annually.

Independent researchers at the University of Alberta refer to the AOS Filter’s disinfection rates of performance as “unprecedented”. The AOS Filter combines iodine, water filter materials and electrolysis within a water filter device, generating extremely high oxidation potential in order to eliminate, soluble organic contaminants that are commonly found in many types of contaminated water. It has been shown to achieve extremely high rates of disinfection, eliminating infectious biological pathogens like Salmonella, Listeria and E.coli in water. The AOS Filter also eliminates a broad spectrum of contaminants including acids, solvents, sulfurs, oil and gas by-products, and pharmaceutical by-products that are commonly found in contaminated water.

Walter L. Schindler, founder and Managing Partner of Sail Capital Partners recently joined BioLargo as a Strategic Advisor and commented, “This conference was an exciting experience for those of us committed to sustainability in new water technology. All day long we heard scientists present the consistent results of their tests of the BioLargo water technology, which validated the extraordinary speed, high impact and low energy consumption of the path-breaking innovation.”

Richard Smith, President of BioLargo Water commented, “We have assembled an extraordinary team of professional researchers and as one might imagine, the interest and excitement in our technology is expanding rapidly. We have a number of new collaborations and additional research and pilot funding commitments to announce soon. We are exceedingly grateful for the continued financial support from various federal, provincial and industrial sponsors.”

With results that are strikingly advanced over current water treatment technology and a recent showcase to important players in industry and government, it appears BioLargo’s path to commercialization could be short and likely quite broad. The AOS Filter is beyond a concept and beyond proof of concept. It is already patented and has been built and its design is now ready for operation and production for industrial applications like food processing. Management reports that all the components to manufacture the filter are readily available. A first look at the AOS Filter is available on BioLargo’s website.

The data reported by the company indicates that both the expected capital cost and the operating costs are a fraction of competing technologies. The most important remaining step is calculating the engineering to construct the AOS Filter for a specific purpose and flow rate to meet specific needs for large-scale industrial customers. Smaller units can be produced in mass-scale for basic targets like drinking water for the consumer markets or emerging nations. The AOS Filter can be built in an unlimited number of configurations, including a scaled-up version for large-scale needs, but for now, the company reports that it can be stacked in series or parallel or both to meet a variety of flow and performance requirements.

With extremely high performance in removing contaminants now proven, its exceptionally “Low Cost” will be the key factor that will drive demand for the AOS Filter. The company reports a breakthrough in cost that is less than 1/20th of the closest competing technology. There are literally dozens of effective technologies to decontaminate water, however, not one of them is cost-effective enough to solve the massive clean water shortage problem, or the challenges of dealing with difficult contaminants.

Because reduced cost will translate favorably to bottom line profits of AOS Filter users, it should not be long before we see announcements of significant licensing deals or strategic alliances for the AOS Technology that is positioned to impact every segment of water treatment. BioLargo continues advancing its technology with more than 10 science and engineering research grants from various Canadian agencies and those resources continue to expand.

BioLargo has not made any announcements yet about definitive go to market partnerships, but after a showcase of the kind described by the company in their press release, one would expect that they are already in discussions with industry partners for licensing the technology for specific purposes.

The growing problem of global drought and pollution are challenging the world’s supply of affordable clean water for consumption, agriculture and industry and are driving up the price of clean water fast not to mention reducing traditional supplies. One of the many sectors feeling the squeeze is the oil & gas industry where shortages of available clean water for fracking and the cost of treating or disposing of the contaminated “produced water” are increasingly threatening the bottom line of oil producers as the price of oil continues to fall. Lower oil prices increase the need for producers to cut costs as profits begin to erode and even disappear for many. In an extremely competitive landscape where slowing world economies coupled with an oversupply of oil point to a protracted downturn for oil prices, the AOS Filter is expected to be in high demand.

Thousands of companies globally could benefit from the AOS Filter, but three are provided here to illustrate how they could benefit.

Nuverra Environmental Solutions (NYSE: NES) provides oil field services with environmental solutions for major exploration and production companies operating in the oil and gas basins. If Nuverra can offer their customers significant savings for water recycling/reuse and treatment and disposal, they can gain substantial new business over their competitors. The AOS Filter could be of high value to Nuverra.

Penn Virginia Corp (NYSE: PVA) is an independent oil and gas company engaged in the development, exploration and production of natural gas and oil in various onshore regions, including Texas, and the Mid-Continent. Their operations include some conventional drilling but also include a substantial amount of fracking where requirements for clean water are high and where large amounts of water must be treated and disposed. Adoption of the AOS Filter to manage their water needs could significantly reduce costs and thereby increase bottom line profits.

Another example where the AOS Filter could increase profits is Consolidated Water Co. Ltd (NASDAQ: CWCO) that designs, builds, operates, and in some cases finances seawater reverse osmosis, SWRO, desalination plants and water distribution systems in several Caribbean countries where the supply of drinking water is scarce and the use of SWRO is economically feasible. Consolidated Water could benefit immensely by using the AOS Filter to reduce biofilm accumulation on RO filters. Biofilm fouling is responsible for shortening RO filter lives and for greatly increasing the amount of energy required to push the water through the filter. The AOS Filter would greatly reduce both operating costs and capital costs for Consolidated Water and would also serve to remove pathogens and contaminants providing safer and healthier water for its users.

Goldman Sachs has called water the next petroleum, https://churchmice253.wordpress.com/2015/07/06/goldman-sachs-water-is-still-the-next-petroleum/ and the water treatment industry a 425 billion dollar business and growing fast.

Dennis P. Calvert, President & CEO of BioLargo commented, “The numerous scientific studies at the University of Alberta have established that BioLargo has developed the world’s highest impact, lowest cost, fastest acting water technology for disinfection and decontamination of wastewater from any source. Our Chief Technology Officer really deserves the credit here for staying one step ahead of the innovation curve and being able to recruit such a talented team of scientists to advance his work. This is a very exciting time for BioLargo as we prepare to impact the world in a positive way.”


Disclaimer:

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx.

SOURCE: Emerging Growth LLC

ReleaseID: 431618

Mline Continues Rapid Expansion of its Dealer Network

VANCOUVER, BC / ACCESSWIRE / August 31, 2015 / Mezzi Holdings Inc. (“MEZZI” or the “Company”) (TSX-V: MZI, FRA: 0MZ) is pleased to announce that its wholly-owned division, MLine Cases (“MLine”), continues to rapidly expand the network of authorized dealers that will begin retailing its line of specialty cases in September.

MLine has recently added 134 new vendors located in Texas, New Mexico, Washington, Kansas, Oregon, California, Arkansas, Wyoming, Virginia, Illinois, Colorado, Alabama, Missouri, Kentucky, Montana, Utah, Pennsylvania, Wisconsin, Minnesota, Oklahoma, British Columbia, Ontario and Quebec to its growing dealer network that will begin retailing its products in the next few weeks.

For the month of August, MLine generated more than USD $30,000 in wholesale orders for product with new authorized retailers. These orders are planned for September and October delivery. Amongst these orders, MLine has secured an initial order with a location of a major international hardware and outdoor sports retailer that has more than 4,000 locations. This trial order could likely lead to expansion to a number of its other locations.

“MEZZI Holdings’ strategy as a brand management and development company is being executed on with last week’s announcement of our first planned acquisition of a profitable business and with both MLine and MEZZI brands seeing strong sales growth this summer,” Keir Reynolds, CEO and Chairman, commented.

About MEZZI

MEZZI is disrupting the status quo in the luxury accessories market as it recently unveiled a beautiful new product line featuring cutting edge technology, making MEZZI the true smart luxury brand. Each piece, including handbags, duffel bags and essential leather goods, allows wireless connectivity between your MEZZI bag and smartphone, providing a completely new user experience. With fine leather sourced directly from Italy, all pieces in the MEZZI Smart Luxury collection are manufactured to precision quality.

For further information please contact:

Mr. Keir Reynolds
CEO
Tel: (778) 998-9242
Email: keir@mezzi.com

ON BEHALF OF THE BOARD

Keir Reynolds
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

SOURCE: MEZZI Holdings

ReleaseID: 431632

‘Let’s Make America Great Again,’ Declares Trump in New Book

?“The country needs a truly great leader, and it needs a truly great leader now. It needs a leader that wrote The Art of the Deal”, billionaire businessman Donald Trump, declared.

New York, USA – August 31, 2015 /PressCable/ —

“The country needs a truly great leader, and it needs a truly great leader now. It needs a leader that wrote The Art of the Deal”, billionaire businessman Donald Trump, declared.

Announcing his bid for the 2016 Republican presidential campaign, Trump boasted: “The country need somebody that can take the brand of the United States and make it great again. And he said, he will be the greatest jobs president that God ever created.”

Affectionately referred to as the “Donald,” the real estate developer is the preferred Republican presidential nominee, according to recent opinion polls which have consistently placed him in a healthy lead in the party’s 17-strong 2016 presidential field, ahead of his closest rival, former Florida Governor Jeb Bush – all this in spite of his often inflammatory and controversial outbursts which have spared no one from establishment figures, political commentators right to TV hosts.

But such is the surging popularity of the property mogul in the party presidential race he is capitalising on his larger-than-life character and global brand to grab constant attention, and thus continues to whet public appetite for his best-selling books – the latest of which is the political offering Time to Get Tough: Make America Great Again.

The blockbuster is not entirely new, however. Originally published in 2011, the book offers an insight into Trump’s political philosophy and policy views, and serves as ample testimony of his political ambitions – and more specifically, his sights on the White House. The publication is a marked departure from his trademark take on his core business philosophy.

His previous political book, The America We Deserve, was designed to herald his entry into the 2000 presidential race, while Time To Get Tough: Make America Great Again is clearly a bold declaration that he is a serious contender for the White House.

In the book, Trump outlines his vision to “make America great again,” and to breathe new life into the American dream which he says is “dead”. He tackles policy issues including immigration, healthcare, trade and foreign policy.

Announcing his bid for the 2016 presidential campaign, he said he was bankrolling himself. He said he was not using the lobbyists. He was not using the donors . . . He is really rich,” he said. He puts his personal fortune at more than $10 billion, and cites his wealth as a reason he should be elected president.

In much of his previous books readers have been fascinated by his style of doing business. For example, In Trump: How to Get Rich, the real estate developer has readily offered his wisdom on how to become a billionaire. In other bestsellers he gives advice on how to achieve personal and professional goals. Entrepreneurs and would-be millionaires religiously follow his now-all-too familiar business pearls of wisdom.

Interestingly, in his earlier political offering, The America We Deserve, Trump is brutally honest when he admits that as an author people prefer him when he is wearing his business hat rather the political one.

Trump’s books have been best sellers as a matter of course. There is no reason why Time To Get Tough: Make America Great Again in which he clearly comes out with all guns blazing to reinforce his political credentials should not prove to be yet another brilliant read – especially for his countrymen and women and others who follow American politics promiscuously.

For more information about Donald Trump’s new book, click here.

Another book is quickly catching the attention of Trump’s audience. Sunday Adelaja, a world changer who has helped 200 people to become millionaires in two years. His book shares some of the most powerful and inspirational insights on how to achieve financial freedom. To see what Bill Clinton had to say about Sunday Adelaja, go to: http://www.amazon.com/dp/B006K4HQNY

For more information about us, please visit http://getmediacitations.com

Contact Info:
Name: Becky Anderson
Organization: Media Citations
Phone: +447477016541

Release ID: 90222

Simply Maid Out To WOW Sydney With New Website Launch

With the professed mission of creating a WOW feeling to homeowners, Simply Maid, a new house cleaning company has announced the launch of its services in Sydney, Australia.

Sydney, Australia – August 31, 2015 /MarketersMedia/ —

With the professed mission of creating a WOW feeling to homeowners, Simply Maid, a new house cleaning company has announced the launch of its services in Sydney, Australia. A key feature to the new home cleaning service provider is their beautiful and stunning website which allows local Sydney residents to make a booking online in less than just 60 seconds.

Simply Maid, operated by a bunch of people who call themselves the “fun misfits,” believes that a good, fresh clean creates a happy home. The cleaning company’s goal is to WOW it’s customers not only with their outstanding service but also seamless online booking experience.

The Simply Maid website operates under a simple concept, to make booking a home clean as easy and convenient as possible. After opening the company’s website, customers simply have to select the date and time of when they’d like their professional cleaners to show up. After selecting a time, customers are then prompt with payment options. A trusted home cleaner would report at the scheduled time and complete the cleaning tasks in a flawless and friendly fashion.

A Simply Maid spokesperson has said: “Simply Maid is a cleaning company with a genuine difference. All company employees are carefully chosen with strict interview procedures to ensure only the best cleaners are hired.”

The spokesperson went on to say: “Simply Maid is committed to creating trust and safety. This is because we understand that your home is your sacred haven. Customers should never have to feel uneasy in their personal sanctuary. Keeping to this philosophy, Simply Maid are here to go above and beyond to provide customers with a reliable home cleaning service at all times – guaranteed.”

The company has actively voiced their staff values by stating they pride themselves on their swift communication, positive work ethics and attention to detail in all jobs. To further backup their claims, they provide a complete service guarantee which allows customers to receive a comprehensive re-clean should they not be satisfied with the initial clean – this guarantee is known as the “Happiness Guarantee”.

The company’s Happiness Guarantee represents their commitment to providing customers with a top class service and a “nothing to lose” approach.

However, customers will need to call the company within 24 hours of the completion of the cleaning job to let them know of the details of the issues or concerns that they are facing. If a move-in or move-out cleaning job has been complete, customers will be eligible for a grace period of 48 hours.

About Simply Maid

Simply Maid is a home cleaning company located in Sydney, Australia. Simply Maid services areas such as Top Ryde, Sydney CBD, Northen Beaches, Eastern Suburbs, Parramatta and Western Areas. Simply Maid can be contacted by mail at hello@simplymaid.com.au or directly via phone on 1300 858 937. For more information about Simply Maid, visit them on their website https://simplymaid.com.au.

For more information about us, please visit https://simplymaid.com.au/

Contact Info:
Name: Huy Hoang
Organization: Simply Maid
Address: Suite 521, 29 Smith St Parramatta, NSW, 2150
Phone: 1300 858 937

Video URL: https://vimeo.com/136704116

Source: http://marketersmedia.com/simply-maid-out-to-wow-sydney-with-new-website-launch/90239

Release ID: 90239

Pulsar Taxi Meter Woes Using Services From Sayo Taxi Supply

The Sayo Taxi Supply Company helps maintain meter-integrity by installing, calibrating and repairing all taxi electronics including taxi meters, radios, and GPSs.

Minneapolis, United States – August 31, 2015 /MarketersMedia/ —

Ironically, a large numbers of inaccurate meter readings found during random inspections are a result of accidental malfunctions due to improper repair or calibration. The Sayo Taxi Supply Company minimizes these errors by offering to install, calibrate and repair taxi meters sold through them. The Company supplies the popular Pulsar taxi meter range including the latest Pulsar 2030 range.

“Accidental malfunctioning due to improper repairs isn’t uncommon. Taxi meters have to be calibrated properly to prevent faulty readings. At Sayo Taxi Supply Company, we don’t just supply the latest taxi electronics, but ensure that these are installed and monitored for accuracy. Bring your taxi meter for an assessment if you suspect a malfunction- we’ll see if it’s an electrical issue that can be resolved through repair instead of a replacement. We also recommend the latest products to help taxi owners stay honest with their customers,” says a spokesperson for the company.

The company’s extensive range of taxi meters includes the Pulsar 2030 with a bright display and some easy to use features. Besides normal meter activity reading, the Pulsar 2030 also includes additional buttons for printing and calculating ‘Extras’. “The system is sophisticated, yet easy to use. For example, if you’ve chosen a meter with a printer, the meter will not work until it has paper. It also adjusts time automatically in Spring or Fall,” adds the spokesperson.

Besides taxi meters, the company supplies, services, and repairs a whole range of taxi accessories including those needed for white top taxi. They also prepare custom-made ads for the top light and supply state of the art taxi cams.

About Sayo Taxi Supply Company:

The Sayo Taxi Supply Company supplies and services a wide range of taxi accessories including taxi meters, top lights and ads, two way radios, taxi cams, GPS and mobile data computers.

For more information about us, please visit https://www.sayotaxisupply.com/pulsar-2030.html

Contact Info:
Name: Sayo taxi
Email: sales@sayotaxisupply.com
Organization: Sayo Taxi Supply
Address: 3246 N 2nd St, Suite 1, Minneapolis, Minnesota, United States, 55412
Phone: 612-529-9299

Source: http://marketersmedia.com/pulsar-taxi-meter-woes-using-services-from-sayo-taxi-supply/89771

Release ID: 89771

Coolmuster Lab.Fone for Android – Proper Android Recovery Software for Saving Life

Lab.Fone for Android is a software which helps the Android users to regain the lost or deleted data from all kinds of Android devices completely. With it, Android users can never worry about the data losing problem during the daily using of portable device.

August 31, 2015 /MarketersMedia/ —

Coolmuster Lab.Fone for Android has been pronounced as the best data recovery software for Android present in the market. It facilitates the users to recover deleted, lost or formatted data from Android internal and external storage space at an unbelievable speed.

Lab.Fone for Android is a professional Android data recovery software for Windows users. It allows users to recover data like contacts, messages, photos, videos, music, documents, etc. on all kinds of Android phones or tablets as users like. With it, users can never mind of data losing problem as before.

“In the recent months, Coolmuster team have frequently upgraded this program for expanding its supporting devices and stability. And finally, this app can works well with almost all popular Android devices on the market after testing.” said Franklin, the founder and CEO of Coolmuster Studio. “In the coming days, Coolmuster will keep update the Lab.Fone for Android, so that it will take the best recovering ability to all of Android users.”

Now, let’s have a brief look on the main features of the powerful Android Data Recovery software:
– Allows users to recover up to 6 types of files from Android devices with few clicks, including contacts, text messages, photos, videos, music, archive files, etc.
– One-click to restore data from Android’s internal or external SD card without hassle.
– Deeply scan your device and display the results in the program for viewing before recovery.
– Compatible with almost all popular Android brands, such as Samsung, HTC, LG, Sony, Motorola, Nexus, and so on.

To get more details about this program, please go to the product page to learn more: http://www.coolmuster.com/lab-fone-for-android.html

Generally speaking, the operation of the tool is quite easy. Android users only need to connect the device to the computer, and launch it to scan the device. Then preview and tick the files, then click “Recover” button to save them on desktop computer. For more details, please click here to learn detailed steps to recover Android data with Lab.Fone for Android.

About Coolmuster Inc.
Coolmuster is a leading enterprise in consumer software industry. The company focuses on backup & recover software related Android, iOS and hard drive. It was initially established Shenzhen, China in the year 2009 and offering its services as a consumer software developer on an international scale.

For more information about us, please visit http://www.coolmuster.com/

Contact Info:
Name: Ada Smith
Organization: Coolmuster Studio
Address: Tai Ran Science and Technology Park, Futian District, Shenzhen, Guangdong Province

Source: http://marketersmedia.com/coolmuster-lab-fone-for-android-proper-android-recovery-software-for-saving-life/90096

Release ID: 90096

Pacific Coal Resources Ltd. Announces 2015 Second Quarter Financial Results and Operational Update

TORONTO, ON / ACCESSWIRE / August 31, 2015 / Pacific Coal Resources Ltd. (TSXV: PAK) (PINKSHEETS: VGGGF) has filed its unaudited consolidated financial statements for the three and six months ended June 30, 2015, together with its management’s discussion and analysis (“MD&A”) for the corresponding period. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. These documents will be posted on the Company’s website at www.pacificcoal.ca and under the Company’s profile at www.sedar.com.

Hernan Martinez, Executive Chairman, commented: “In the second quarter of 2015, I’m pleased to announce that the Company has entered an agreement which addresses the repayment of its largest debt, owed to Masering, which agreement is also expected to bring in cash on a monthly basis. Moreover, we continue to reduce our G&A and seek purchasers for the remaining interest in the Barranquilla port to further increase our cash flow.”

Financial and Operating Summary

A summary of the financial and operating results for the second quarter of 2015 is as follows:

     Second Quarter     Six Months Ended June 30  
(000’s except per share and operating data)   2015     2014     2013     2015     2014     2013  
Operational                                    
Tonnes of coal Produced (1)   238,241     279,593     398,865     460,150     554,014     622,211  
Average Stripping ratio-operations   8.82     14.09     8.28     7.83     11.61     9.00  
Tonnes of coal sold   108,199     229,276     349,818     354,970     600,992     570,569  
Average realized thermal coal price per tonne sold $ 68.30   $ 95.39   $ 106.05     80.23     95.56   $ 103.36  
Operating margin per tonne sold   ($35.93 )   ($14.91 ) $ 13.60     5.20     1.30   $ 6.78  
                                     
Financial                                    
Revenues $ 7,049   $ 22,289   $ 37,100   $ 27,977   $ 57,960   $ 59,001  
Adjusted EBITDA   (4,978 )   (4,917 )   3,112     (399 )   (1,830 )     609  
Earnings (loss) from operations (2)   (6,855 )   (6,578 )   413     (5,093 )   (5,417 )     (4,474 )  
Net earnings (loss) attributed to shareholders   (7,154 )   (12,772 )     2,051     2,612     (12,885 )   (1,100 )  
Basic and fully diluted loss per share   (0.09 )   (0.26 )   0.04     0.03     (0.26 )   (0.02 )
Cash   181     335     6,423     181     335     6,423  
Mineral properties additions – La Caypa   2,644     1,844     4,408     13,810     6,212     6,717  
Total assets   113,464     250,154     255,889     113,464     250,154     255,889  
Total debt (3)     34,862     47,879     67,623     34,862     47,879     67,623  
                                     

(1)

The portion of the coal production for Norcarbon as defined in the joint venture agreement with Sloane was 6,381 tonnes, equivalent to 8.25% of the production in Cerro Largo in the three months ended June 30, 2015.

   
(2)

See ‘Non-GAAP and additional GAAP Financial Measures’ in the Company’s Second Quarter 2015 Management Discussion and Analysis dated August 28, 2015 for definitions and reconciliation.

   
(3)

Total debt includes short-term debt, long term debt, finance leases and amounts owed to Chipalo Resources by Norcarbon S.A.S.(“Norcarbon”) (June 30, 2015 – $9.4 million, June 30, 2014 – $16.1 million).

Q1 2015 Highlights

  • Coal production: The Company produced 238,241 tonnes of coal in the second quarter of 2015, which represents an increase of 7% compared to the first quarter of 2015 (221,909 tonnes). In the second quarter of 2015, the total stripping ratio for La Caypa mine decreased by 43% compared to the first quarter of 2015 (15.99 vs 28.21).
  • Revenues: Coal revenues for the second quarter of 2015 were $7.0 million ($20.9 million in first quarter of 2015) from the sale of 108,199 tonnes of coal (101,508 from La Caypa and 6,691 from Cerro Largo) sold at an average realized price of $68.30 per tonne (74% FOT and 26% FOB), compared to 246,771 tonnes of coal in the first quarter 2015 sold at an average realized price of $85.45 per tonne (85% FOT and 15% FOB). The decrease in sales was a result of changes in international market conditions.
  • Earnings (loss) from operations: Loss from operations for the second quarter of 2015 was $6.9 million, compared to earnings of $1.8 million in the first quarter of 2015 and a loss of $6.6 million in the second quarter of 2014. This can be primarily attributed to the decrease in sales as set out above.
  • Adjusted Earnings Before Interests, Taxes, Depreciation and Amortization (“EBITDA”): Adjusted EBITDA for the second quarter of 2015 was a loss of $5.0 million against a gain of $4.6 million for first quarter of 2015. See ‘Non-GAAP and Additional GAAP Financial Measures’ in the Company’s second quarter 2015 Management Discussion and Analysis dated August 28, 2015 for a definition and reconciliation of Adjusted EBITDA.
  • Operation of La Caypa mine: The significant deterioration of international coal market and excessive cost of mining activity as a result of adverse geographical conditions found in the mine in year 2014, leading to the company and Ci Carbones de Santander SAS (“Ci Carbones”) (the current operator at La Caypa as a result of an assignment of the operation contract by Masering) to agree on amendments to the operation contract.
  • Operation of Cerro Largo mine: Sloane Mining Services Sucursal Colombia (“Sloane”) continues operation activities despite not having fully performed its obligations under the joint operation agreement (the “Sloane JOA”). The Company negotiated an amendment to the Sloane JOA in July 2015 and has signed a memorandum of understanding (“MOU”) with Sloane with respect to the potential purchase of the Cerro Largo mine.
  • General and administrative (“G&A”) expenses: The Company recorded $1.1 million in G&A expenses in the second quarter of 2015, excluding DD&A and impairment of non-current assets which represents a decrease of 6% against first quarter of 2015 ($1.2 million).

Outlook

In the second quarter of 2015, production at the La Caypa mine was 160,896 tonnes and the production at the Cerro Largo mine was 77,345 tonnes, of which 6,381 tonnes belong to the Company under the Sloane JOA. The Company is forecasting thermal coal from La Caypa in 2015 of approximately 1.0 million tonnes, with a stripping ratio throughout the year of 13.4:1.

On July 15, 2015, the Company restructured its outstanding debt to Masering S.A.S. (“Masering”) by entering into a new agreement whereby Masering will exploit and commercialize the remaining open pit coal reserves at La Caypa, which is estimated to be 3.4 million tonnes. On the signature date, the Company owed $18.7 million for La Caypa operation and $9.4 million for Cerro Largo operation to Masering. With the future margins generated by this agreement, the Company expects to pay down the entire debt with Masering. Under theagreement, the Company would receive a monthly cash payment of $220,000 for thirty months subject to normal operation. As part of this agreement, the Company assigned the newly negotiated contract with its main customer, Lissan Coal Company Ltd. to Masering.

The Company continues to explore opportunities with third parties regarding underground mining at La Caypa with the goal of finalizing a contract before the end of 2015. Currently, management is negotiating the terms of an operation contract for underground mining with a third party with international expertise.

Regarding Cerro Largo, Sloane continues operation activities despite its non-compliance with the terms of the Sloane JOA. On July 24, 2015, the Company signed an amendment to the agreement with Sloane whereby Sloane has been granted an extension to produce a maximum of 400,000 tonnes of coal until December 2015 in the hope that the remaining advance will be paid by such time from receivables that Sloane expects to be paid. The advance, once received, will be repaid at a rate of 50% per tonne produced at the set price agreed with Sloane. The advance is subject to an annual interest rate of 8.75% .

On August 20, 2015, the Company signed an MOU with Sloane, with respect to exclusive negotiation of a potential purchase of the Cerro Largo mine. The MOU is valid until October 1, 2015.

In terms of G&A expenses, the expenses were $1.1 million in the second quarter of 2015 which includes $0.4 million in penalties for delayed payments to governmental authorities. Management is in discussion with governmental authorities to get approval to apply this amount to off-set other funds owed. The Company anticipates G&A expenses in 2015 will be approximately $4.0 million, which would be a 25% of reduction as compared to 2014.

About Pacific Coal Resources Ltd.

Pacific Coal Resources Ltd. is a Canadian-based mining company engaged in the acquisition, exploration and production of coal and coal-related assets from properties located in Colombia. The Company’s common shares are listed on the TSX Venture Exchange and trade under the symbol “PAK”.

For further information, please contact:

Melissa Krishna
Deputy General Counsel & Secretary
(416) 360-8725

Forward Looking Information:

This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Pacific Coal to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Pacific Coal disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Pacific Coal Resources Ltd. 

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Paul McCartney Tickets in Columbus at the Nationwide Arena: Ticket Down Cuts Concert Ticket Prices on Paul McCartney Tickets at the Nationwide Arena in Columbus, OH

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