Ancestry.com, Orofino Gold, – CRWESelect.com Stock Watch for Friday
Crweselect Newsletter
__ ACOM, Ancestry.com Inc.
A family tree, or pedigree chart, is a chart representing family relationships in a conventional tree structure.
Family trees are often presented with the oldest generations at the top and the newer generations at the bottom.
ACOM is the world`s largest online resource for family history. ACOM has helped pioneer the market for online family history research, taking a pursuit that was expensive and time-consuming and making it easy, affordable and accessible to anyone with an interest in their family history.
The foundation of its service is an extensive collection of billions of historical records that Ancestry.com has digitized, indexed and put online over the past 14 years.
These digital records and documents, combined with ACOM`s proprietary online search technologies, tools and collaboration features, have enabled its more than one million subscribers to create over 20 million family trees, profile over 2 billion family members, and make meaningful discoveries about the lives of their ancestors.
ACOM reported financial results for the quarter ended March 31, 2011.
First Quarter 2011 Financial Highlights include:
– Total revenues for the first quarter of 2011 were $91.0 million, an increase of 41.3% over revenues in the same period 2010, driven by growth in its core Ancestry.com Web sites revenues of 42.7%.
– Operating income for the first quarter of 2011 was $14.2 million, compared to $7.6 million in the first quarter of 2010.
– Net income was $9.0 million, or $0.18 per fully diluted share, for the first quarter of 2011 compared to $4.0 million, or $0.08 per fully diluted share, in the first quarter of 2010.
– Adjusted EBITDA for the first quarter of 2011 was $25.6 million, compared to $17.0 million for the same period 2010.
In its Business Outlook for the Second Quarter 2011, ACOM expects Revenues to be in the range of $98.0 to $100.0 million and Adjusted EBITDA in the range of $35.0 to $37.0 million. For the Full Year 2011 ACOM expects Revenues in the range of $395.0 to $400.0 million and Adjusted EBITDA in the range of $135.0 to $140.0 million ACOM also reported that its board of directors authorized the repurchase of up to $125 million of its outstanding common stock. ACOM shares may be repurchased from time to time through April 30, 2012 in the open market or in privately negotiated transactions.
More about ACOM at www.ancestry.com.
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ORFG, Orofino Gold Corp., OTCQB: ORFG Historically, gold`s best friend has been inflation.
Most commodities and the U.S. dollar have declined in value due to inflation. This is why gold bullion is often purchased as a hedge against inflation and currency fluctuations. Many investors around the world see gold as “the ultimate asset an important and secure part of their investment portfolio.
Gold may extend gains from a record as the declining value of the dollar prompts more demand for the metal as an alternative investment.
ORFG is a Colombian based gold producer, founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
ORFG has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
** Dr. Hans J. Bocker Appointed as ORFGs New Chairman of the Board of Directors **
ORFGs Board of Directors unanimously appointed Dr. Hans Bocker as the new Chairman of the Board, and the former Chairman, Mr. Ning Shi Long, resigned as Chairman due to personal obligations, but will remain as a member of the Board of Directors.
Dr. Hans J. Bocker is an internationally recognized academic advisor. His expertise encompasses fundamental organizational and operational logistics including production and operations management, purchasing and procurement, safety, loss control, quality management, international management, cross-cultural management, transportation and traffic logistics, and leadership training for executives.
In addition to his logistical expertise, Dr. Bocker is also an internationally recognized gold expert. He recently published a book on gold titled Freedom Through Gold which has sold out in several languages. He is also a published journalist with over 2000 publications.
ORFGs 1 month chart:
** Laboratory test results and historical data indicates high grades for ORFGs mining areas Recently, ORFG released the results of an updated technical report on its mining concessions in Sur de Bolivar, Colombia.
This 2010 report confirms and reinforces the promising findings of previous claim holders. This initial report was produced on behalf of ORFG by Thomas H. Carpenter, P.Geo of Discovery Consultants, ORFGs Geological Consultants hired to assist with the production of a comprehensive 43-101 compliant report.
Mr. Carpenters findings reiterate the potential of ORFGs concessions and why Guavita S.A., Metallica Resources, AngloGold, and others have valued them over the years. Mr. Carpenters confirmation of earlier analysis is assisting ORFG as it progresses toward ultimate development of these sought-after claims.
To read the full report, click here http://www.orofinogoldcorp.com/pdf/sur-de-bolivar-report.pdf Furthermore, additional laboratory test results from random chip samples within ORFGs Culo Alzado mining area, on the north margin of Senderos de Oro, in Colombia indicated high grades.
A complete listing of Acme Analytical Laboratories reports is available here. http://www.orofinogoldcorp.com/pdf/culo-alzado-report.pdf Additional laboratory test results from random chip samples within ORFGs La Azul mining area in Colombia, indicated very high grades A complete listing of Acme Analytical Laboratories reports is available here. http://www.orofinogoldcorp.com/pdf/la-azul-report.pdf More about ORFG at www.orofinogoldcorp.com.
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