__ Ethan Allen Interiors Inc. (NYSE:ETH) reported operating results for the three and six months ended December 31, 2010. Net sales for the quarter ended December 31, 2010 were $173.3 million, an increase of 21.0% compared with the prior year quarter. The Companys Retail division net sales were $131.0 million, an increase of 22.3% from the prior year quarter. Written orders booked during the quarter by the Retail division were 5.7% greater than the prior year quarter including comparable design center orders which grew 10.7%.
Net income for the quarter ended December 31, 2010 was $14.7 million or $0.51 earnings per diluted share compared with a net loss the prior year of $3.3 million or a $0.12 loss per diluted share. Excluding special items in both periods, net income for the quarter ended December 31, 2010 was $5.6 million or $0.19 per diluted share compared with a net loss the prior year quarter of $1.6 million or $0.06 loss per diluted share.
Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings.
For more information about this company please visit http://www.ethanallen.com ****
Proper Power and Energy, Inc. (PPWE.OB) reported that its wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky.
The up and down, rise and fall in gasoline and diesel prices over the last few of years shows the changes in the cost of crude oil. Those changes are decided in the global crude oil market by the worldwide need for and supply of crude oil. Weak economic conditions in the U.S. and all over the world in 2008 and into 2009 led to a weaker demand which helped knock prices down. Now, with the worldwide economic recovery, demand is rising again and is helping to catapult prices higher.
ARI has completed the re-work on all 4 wells, with those wells online and pumping. “This is an exciting day for us,” stated Proper Power President, Andrew Kacic. “This is the beginning of production for PPWE in Kentucky, and we look forward to increasing our presence.” Proper Power & Energy is an independent exploration and production company. The Company`s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
For more information about this company please visit http://properpower.com/
Orofino Gold Corp. (ORFG.PK) – Gold prices surged above $1,400 an ounce in December of 2010 as a weaker dollar pushed investors into the safe haven of precious metals.
ORFG has previously acquired a 55% interest in the Mina Azul/La Estrella property with the rights to acquire up to 80%. By acquiring its interest in an established operating mine, Orofino has established itself as a serious participant in the effort to revitalize the Senderos de Oro mining scene.
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
Gold is found in ores made up of rock with very small or microscopic particles of gold. This gold ore is often found together with quartz or sulfide minerals such as Fool`s Gold, which is a pyrite. These are called lode deposits. Native gold is also found in the form of free flakes, grains or larger nuggets that have been eroded from rocks and end up in alluvial deposits (called placer deposits). Such free gold is always richer at the surface of gold-bearing veins owing to the oxidation of accompanying minerals followed by weathering, and washing of the dust into streams and rivers, where it collects and can be welded by water action to form nuggets.
Orofino Gold Corp. is an International gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia. The company has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
For more information about this company please visit http://www.orofinogold.com 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. CRWESelect.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer( http://crweselect.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 CRWESelect.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. Crown Equity Holdings Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising. Crown Equity Holdings Inc. (CRWE.OB) anticipates receiving 1,000,000 shares of free trading shares from a third party (Mohamad Nehmeh) for two (2) weeks of advertisement services for Proper Power & Energy, Inc. (PPWE.OB).
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