Dorato Announces Closing of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2012) - Dorato Resources Inc. (Dorato or the Company) (TSX VENTURE:DRI)(FRANKFURT:DO5) is pleased to announce that it has closed its previously announced non-brokered private placement financing through the issuance of 13,190,391 shares at a price of $0.09 per Share for total gross proceeds to the Company of $1,187,135 (the Offering).

The securities issued pursuant to the Offering are subject to a hold period that will expire on September 26, 2012. The Offering received TSX Venture Exchange (TSXV) acceptance on May 24, 2012.

Proceeds from the Offering will be used to finance initial exploration of its Deborah Gold Property (100% owned) in Cajamarca, Peru and for general working capital.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, or any State Securities Laws and may not be offered or sold in the United States or to U.S. persons unless an exemption from registration is available. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States.

About Dorato Resources Inc.

Dorato Resources Inc. is mineral exploration company focused on the highly prospective Northern Peru copper-gold porphyry-epithermal belt. The Company has property rights in two geographic centres:

• Cajamarca Region Project-- Dorato has acquired rights on the Deborah property, which is nestled between several important copper-gold deposits, including Michiquillay and El Galeno.

• Cordillera del Condor Asset-- one of the most important gold-bearing districts in northern Peru since pre-Incan times. Dorato, through a series of option agreements has the right to wholly acquire an extensive land package of approximately 1,050-square-kilometres, providing the Company with the largest land position in the Cordillera del Condor.

The Company focuses on grassroots opportunities in strategically important locations where prospectivity can be demonstrated by proximity to existing deposits. The Cajamarca Region, in contrast, is an established mining district with excellent infrastructure. The Deborah property is a foothold for Dorato into an established area with excellent exploration potential. The Cordillera del Condor project represents an exceptional land position and an emergent copper-gold district, located close to the border with Ecuador. This remote area of Peru was unexplored until recently, but it is located within kilometres of recent discoveries like Fruta del Norte and the Mirador District (both located just across the border in Ecuador).

On behalf of the board of directors of DORATO RESOURCES INC.

Gord Neal, Director

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, forward-looking statements) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of potential mineral deposits/resources/reserves, business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Companys inability to obtain any necessary permits, consents or authorizations required for its activities, the Companys inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, to obtain the required supreme decree from Peruvian authorities and other risks and uncertainties disclosed in the Companys Amended 2010 Annual Information Form filed with certain securities commissions in Canada and the Companys 2010 Annual Report on Form 40-F filed with the United States Securities and Exchange Commission (the SEC), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Companys Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov.

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.

Petra Petroleum Inc. Announces Applications for Exploration Permits in Spain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE COMMON SHARE STATES.

Petra Petroleum Inc. (TSX VENTURE:PTL) (the Corporation) is pleased to announce that it has recently submitted applications for a number of exploration permits offshore Spain. These applications are further steps in the execution of the Corporations E&P strategy which focuses on high impact exploration areas of the Mediterranean and North Africa region. The blocks are relatively unexplored and could have the potential for large commercially-attractive gas prospects on the doorstep of the large European gas market.

The Corporation has established a wholly owned subsidiary in Spain and has deposited an aggregate security deposit of approximately 1.0 million Euros with the Spanish Treasury. The Corporation has applied as the sole permit holder and operator, and has signed a conditional agreement with two strategic industry partners to undertake a high quality exploration work programme, once the permits have been awarded. The applications are currently under review by the Ministry to determine their validity, following which a public notice would be placed in the Official State Gazette to start the application evaluation process and which could lead to a potential award of permits in due course. At this time, the Corporation has not received any indication that these permits will be awarded.

Robert Lambert, President and Chief Executive Officer of the Corporation, commented: These permit applications are located in a very prospective area of the Western Mediterranean Sea and, following our recent Cyprus exploration licence applications, they are further steps in the implementation of our high impact exploration strategy in the region. We will work hard to turn these applications in to permit awards and at the same time we will continue to seek opportunities to build a diversified exploration portfolio and production asset base.

Cautionary Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments, including whether or not the Corporation is successful in obtaining exploration permits, may differ materially from those contemplated by these statements. The forward-looking statements in this press release are made as of the date of this release and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements whether as a result of new information or otherwise, except as required by applicable securities laws. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation or its financial or operating results or (as applicable) their securities.

Not for distribution to U.S. Newswire Services or for dissemination in the Common Share States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Cobra Venture Announces Results of Annual General Meeting, Appointment of New Director and CFO, Changes to Board Committees and Grant of Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2012) - Cobra Venture Corporation (Cobra or the Corporation) (TSX VENTURE:CBV) is pleased to announce results arising from its annual and special meeting of shareholders held on May 24, 2012, at which the shareholders of the Corporation approved all resolutions presented at the meeting including the re-election of the current directors, the re-appointment of Mackay LLP as Cobras auditor and an amendment to the Corporations stock option plan to increase the number of common shares reserved for issuance under the plan.

Appointment of Independent Director

In addition, immediately following the meeting, the directors have appointed S. Reid MacDonald to the board of directors. Mr. MacDonald is considered to be an independent director for the purposes of applicable securities regulations and the policies of the TSX Venture Exchange Inc. (TSXV). Mr. MacDonalds appointment is subject to review and approval by the TSXV.

Mr. MacDonald was the President of GASFRAC Energy Services Inc. from October 2010 to November 2011 and Chief Operating Officer of GASFRAC from April 2010 to November 2011. Mr. MacDonald has over 35 years experience in the oilfield services industry. From January 2006 to March 2010, Mr. MacDonald was Vice-President and General Manager of Nabors Blue Sky, a subsidiary of Nabors Industries, an oilfield service company listed on the New York Stock Exchange. From September 2002 to December 2005, Mr. MacDonald was Vice-President of Airborne Energy Solutions, an air transportation company in the energy field. Mr. MacDonald was also Vice-President Marketing for Crown Energy Technologies from 1998 to 2002, President of Maritime Hydraulics (Canada) from 1996 to 1998, and prior thereto he worked with Nowsco Well Service where all worldwide pumping services reported to him.

Grant of Stock Options

In connection with Mr. MacDonalds appointment, the Corporation is granting 200,000 stock options to Mr. MacDonald. In addition, the Corporation is granting 25,000 stock options to Michael J. Perkins, the Corporations Corporate Secretary. The options permit each holder to purchase common shares of the Corporation (Common Shares) at an exercise price of $0.24 per Common Share, a price which equals the close of market trading price on May 24, 2012 (the last day the Common Shares traded on the TSXV), for a period of five (5) years from the date of issuance. One quarter (1/4) of the options granted to each of the foregoing persons will vest immediately, with a further one quarter (1/4) to vest on the six, twelve and eighteen month anniversary of the granting of the options.

Appointment of CFO

The Corporation also announces that Cyrus H. Driver has been appointed as the Chief Financial Officer of Cobra. Mr. Driver is a chartered accountant and is a partner with Davidson & Company LLP, Chartered Accountants. Mr. Driver has been a director of Cobra since November 1998. Daniel B. Evans remains the President and Chief Executive Officer of Cobra.

Changes to Board Committees

Finally, the Corporation announces that it has re-constituted its Audit Committee and Compensation Committee to ensure that each has a majority of independent directors. Accordingly the members of both the Audit Committee and the Compensation Committee are Daniel B. Evans, W. Murray Rodgers and S. Reid MacDonald.

About Cobra Venture Corporation

Cobra Venture Corporation is an emerging energy corporation focused on the acquisition and development of strategic oil and natural gas reserves in Western Canada. Common shares of the Corporation trade on the TSX Venture Exchange under the symbol CBV.

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.

Highline Technical Innovations Form Joint Venture With Alternative Hydrogen Solutions Group Sales & Marketing

FARMINGTON, AR--(Marketwire - May 25, 2012) - Highline Technical Innovations, Inc. (PINKSHEETS: HLNT), the creator of a uniquely engineered hydrogen based fuel supplement proven successful in the marine and agricultural industries, today announced a joint venture with Miami-based Alternative Hydrogen Solutions Group Sales & Marketing, LLC, a sales and marketing group created for the sole purpose of marketing and distributing the HTI line of intelligent hydrogen systems.

This is a very exciting time for HTI, stated Charlton Coats, CEO for Highline Technical Innovations. After 7 years of research, testing and modifications we have a product ready for high capacity production. This joint venture puts us in the financial position to do that in a very succinct and effective manner.

We are excited to be representing a technology that has the potential of making a major impact on companies that are struggling with rising fuel costs while at the same time doing a lot of good for the environment, stated Bill Cunetta, president of Alternative Hydrogen Systems Group Sales & Marketing. As our country continues to search for alternative fuel sources we firmly believe that through proper marketing we will not only be bringing this product to the next level but we will be introducing hydrogen as a very effective means of reducing foreign fuel dependency, lowering fuel costs for the end user and creating a cleaner environment for everyone. Its a win-win for everyone.

HTI reported that the terms of the Joint Venture bought out the interest of HHHI Founders, Charlie Foster and Mel Robinson. This, in turn, resulted in a reduction of 31,952,500 shares of Preferred Stock.

About Highline Technical Innovations, Inc.
HTI is a publicly traded corporation (PINKSHEETS: HLNT) dedicated to producing innovative, high quality products that are economical and good for the environment. The company maintains offices and manufacturing sites in Northwest Arkansas.

About Alternative Hydrogen Systems Group Sales & Marketing LLC
AHSG is a privately held sales and marketing company focused on bringing groundbreaking new technologies to companies in the transportation, marine, rail, oil-service, and municipal sectors. AHSG focuses on introducing the latest in cost-saving and environmentally responsible technology to industries that rely heavily on the consumption of fossil fuels. AHSG was founded in 2011 by Bill Cunetta, a 21 year veteran of the transportation industry.

eHealth, Inc. to Present at the Cowen and Company 40th Annual Technology, Media & Telecom Conference

MOUNTAIN VIEW, CA--(Marketwire - May 25, 2012) - eHealth, Inc. (NASDAQ: EHTH), the nations leading online source of health insurance for individuals, families, seniors and small businesses, today announced that its chief executive officer, Gary Lauer, will present at the Cowen and Company Technology, Media & Telecom Conference on Thursday, May 31 at 11:45 a.m. ET. This event will be held at the Palace Hotel, in New York, NY.

Interested investors can access the live audio webcast of each presentation at www.ehealthinsurance.com under Investor Relations. Please visit the website at least 15 minutes early to register, download, and install any necessary software. A replay of each event will be available on the companys website shortly after the conclusion of the event and will remain available for 14 days.

About eHealth, Inc.
eHealth, Inc. (NASDAQ: EHTH) is the parent company of eHealthInsurance, the nations leading online source of health insurance for individuals, families and small businesses. Through the companys website, http://www.eHealthInsurance.com, consumers can get quotes from leading health insurance carriers, compare plans side by side, and apply for and purchase health insurance. eHealthInsurance offers thousands of individual, family and small business health plans underwritten by more than 180 of the nations leading health insurance companies. eHealthInsurance is licensed to sell health insurance in all 50 states and the District of Columbia, making it the ideal model of a successful, high-functioning health insurance exchange. Through the companys eHealth Technology solution (www.eHealthTechnology.com), eHealth is also a leading provider of health insurance exchange technology. eHealth Technologys exchange platform provides a suite of hosted e-commerce solutions that enable health plan providers, resellers and government entities to market and distribute products online. eHealth, Inc. also provides powerful online and pharmacy-based tools to help seniors navigate Medicare health insurance options, choose the right plan and enroll in select plans online through its wholly-owned subsidiary, PlanPrescriber.com (www.planprescriber.com) and through its Medicare website www.eHealthMedicare.com. For more health insurance news and information, visit the eHealthInsurance consumer blog: Get Smart -- Get Covered.

Phonetime Renews $2.5 Million Senior Debt Facility

TORONTO, ONTARIO--(Marketwire - May 25, 2012) - Phonetime Inc. (TSX:PHD) announced today that has reached agreement with its senior lender to renew its $2.5 million revolving demand facility.

Under its new facility, Phonetime may borrow up to $2.5M, provided that the outstanding amount borrowed may not at any time exceed a specified percentage of Phonetimes good accounts receivable. The new facility bears interest at prime plus 2.75% and is secured by all of the assets of the Company with cross guarantees over all of Phonetimes subsidiaries. The facility is also subject to customary security, covenants, conditions precedent and reporting requirements.

The Companys senior lender is a strong financial partner, and we are very pleased that we have been able to negotiate a new facility that meets the needs of the Company, said Gary Clifford, Executive Chairman.

About Phonetime Inc.

Established in 1994, Phonetime is a leading provider of international and domestic switched voice services to the worlds telecommunication operators and voice service providers. Phonetimes customers and suppliers include, fixed line operators, mobile operators, retail and VoIP service providers, who buy and sell voice and IP telecommunications services. Phonetime has traders in Europe, Asia and the Americas using its proprietary trading platform with embedded intelligence, which includes profitability benchmarking, call routing, credit management, network quality visibility and loss prevention. As voice technology evolves Phonetime has commoditized its trading philosophy and along with its platform is positioned to emerge as a leading clearing house. Phonetime is a public company listed on the Toronto Stock Exchange (TSX).

Caution Regarding Forward Looking Information:

This press release contains forward-looking statements, which may be identified by words like expects, anticipates, plans, intends, indicates or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Phonetimes actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See www.sedar.com which contains all securities files.

AGR Tools Incorporates Wholly Owned Subsidiary

DALLAS, TEXAS--(Marketwire - May 25, 2012) - AGR Tools Inc. (or AGR or the Company) (OTCQB:AGRT)(OTCBB:AGRT) is pleased to announce the incorporation of a wholly owned subsidiary, AGR Energy Holdings Inc (or AGR Energy).

AGR Energy will form an arm of AGR which will focus on oil & gas exploration and production within the continental United States. AGR Energy looks to acquire and develop grass roots projects as well as re-work underutilized oil & gas assets in emerging plays within the US.

The company is working with Institutional Investors as well as Investment Banks which have a focus on the energy sector to potentially secure funding sources to execute on the aforementioned business opportunities. Also, the company looks to bolster the existing management team with several new hires who possess extensive experience within the oil & gas industry.
Mr. Vern Wilson, CEO commented:

We are very excited about all of the new oil plays within the Continental US of late due to modern extraction techniques. With new technologies such as multiple stage stimulation techniques, as well as competitive oil pricing, it makes for a great opportunity for the seasoned oil & gas management team at AGR Energy. We have enough energy contained within North America to satisfy the nations needs which bodes well for all of us.

About AGR Tools Inc, and its wholly owned subsidiary, AGR Energy Holdings Inc:

AGR Tools/ AGR Energy Holdings mission is to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring and exploring for oil and gas resources vital to the worlds health and welfare.

AGR Energy Holdings strategic goal is to expand our reserve base and increase our cash flow through investment in and management of exploration, acquisition and exploitation of new and existing oil and gas assets.

For further information please visit: www.agrenergycorp.com.

AGRT due diligence portal: Coming soon!

Statement by IceWEB Storage Corporation Board of Directors

STERLING, VA--(Marketwire - May 25, 2012) - We are deeply saddened to announce that John R. Signorello, IceWEB (OTCBB: IWEB) Chairman and CEO, passed away this morning from a genetic heart condition in his Northern Virginia home. He was 45.

Our hearts go out to his wife, his children and his family during this tragic time.

Johns passion and energy left an indelible mark on IceWEB, the Northern Virginia community and the entire technology industry. IceWEBs Board of Directors, Executive Management Team and employees are strongly committed to carry out Johns vision of continued success for the Company, and to fully embrace Johns energy, enthusiasm and dedication.

To maintain continuous operations, the Board of Directors named Mr. Harold Compton as IceWEBs Chairman of the Board and interim CEO. Mr. Compton has served as the lead Director on IceWEBs Board since 2005. He has more than 30 years of executive management experience, including former CEO of CompUSA, President and COO of Central Electric Inc., Executive Vice President Operations and Human Resources, and Director of Stores for HomeBase (1989 to 1993), Senior Vice President Operations and Director of Stores for Roses Discount Department Stores (1986 to 1989), and several other notable positions.

The Board has also named Mr. Mark Lucky as interim Chief Operating Officer of IceWEB Storage Corporation, effective immediately. Mr. Lucky has served as IceWEBs Chief Financial Officer for more than six years.

About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures award-winning, high performance unified data storage appliances with enterprise storage management capabilities at a fraction of the price of traditional providers. Through thin provisioning, target deduplication and inline compression, IceWEBs unified storage arrays enable standardization, consolidation and optimized storage utilization for virtual and cloud environments, saving up to 90% of storage costs, while reducing space, power and cooling requirements and simplifying storage management. For more information please call 800-465-4637 or visit www.iceweb.com.

This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called forward looking statements by words such as may, will, should, expects, plans, targets, believes, anticipates, estimates, predicts, potential, or continue or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Companys filings with the SEC, which are available on its website at: http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934, as amended, or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.

Merchants Bank Recognized as One of the Top Performing Banks in America

SOUTH BURLINGTON, VT--(Marketwire - May 25, 2012) - Michael R. Tuttle, President and CEO of Merchants Bancshares, Inc. (NASDAQ: MBVT), announced that American Banker Magazine and the ABA Banking Journal have both recently recognized Merchants Bank as one of the top performing banks in the country.

At Merchants Bank, our commitment has always been to running a well-managed bank. And these two most recent accolades are a reflection of our entire organization. Every employee of Merchants Bank should take tremendous pride in knowing that their company is one of the finest banks in America. Thats no small accomplishment, said Tuttle.

American Banker Magazine ranked banks across the country with less than $2 billion in assets and discovered that the best performing banks do not perform slightly better than their competition; the authors state theyre more than twice as good as measured by a three-year average return on equity. According to their ranking system, Merchants Bank ranked number 10 in the country.

The ABA (American Bankers Association) Banking Journal ranked banks across the country with assets between $1 billion and $10 billion. According to their ranking system, Merchants Bank ranked number 14 in the country, in terms of average return on equity.

No other Vermont-based or New-Hampshire-based banks were represented in the top 20 of either ranking.

Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. These statements, which are based on certain assumptions and describe Merchants future plans, strategies and expectations, can generally be identified by the use of the words may, will, should, could, would, plan, potential, estimate, project, believe, intend, anticipate, expect, target and similar expressions. Forward-looking statements are based on the current assumptions and beliefs of management and are only expectations of future results. Our actual results could differ materially from those projected in the forward-looking statements as a result of, among others, general, national, regional or local economic conditions which are less favorable than anticipated, including continued global recession, impacting the performance of our investment portfolio, quality of credits or the overall demand for services; changes in loan default and charge-off rates which could affect the allowance for credit losses; declines in the equity and financial markets; reductions in deposit levels which could necessitate increased and/or higher cost borrowing to fund loans and investments; declines in mortgage loan refinancing, equity loan and line of credit activity which could reduce net interest and non-interest income; changes in the domestic interest rate environment and inflation; changes in the carrying value of investment securities and other assets; misalignment of our interest-bearing assets and liabilities; increases in loan repayment rates affecting interest income and the value of mortgage servicing rights; changing business, banking, or regulatory conditions or policies, or new legislation affecting the financial services industry, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, that could lead to changes in the competitive balance among financial institutions, restrictions on bank activities, changes in costs (including deposit insurance premiums), increased regulatory scrutiny, declines in consumer confidence in depository institutions, or changes in the secondary market for bank loan and other products; and changes in accounting rules, federal and state laws, IRS regulations, and other regulations and policies governing financial holding companies and their subsidiaries which may impact our ability to take appropriate action to protect our financial interests in certain loan situations.

You should not place undue reliance on our forward-looking statements, and are cautioned that forward-looking statements are inherently uncertain. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties, which are included in more detail in our Annual Report on Form 10-K, as updated by our Quarterly Reports on Form 10-Q and other filings submitted to the Securities and Exchange Commission. We do not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.

Ascot Resources Ltd.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2012) - Ascot Resources Ltd. (TSX VENTURE:AOT) is pleased to announced that its wholly owned subsidiary, Ascot USA Inc., has entered into agreements whereby it can earn up to a 70% interest, subject to certain royalties, in an initial five square miles in King and Pierce Counties, Washington.

Ascot intends to commence at 12,000 foot exploration drill program on the property within the next month.

On Behalf of the Board of Directors

ASCOT RESOURCES LTD.

John A. Toffan, President and Director

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as seek, anticipate, believe, plan, estimate, expect and intend and statements that an event or result may, will, should, could or might occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation; the completion of the Offering on the terms set forth herein, the anticipated closing date of the Offering and the use of proceeds from the Offering are forward looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the Companys expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Golconda Announces Closing of the First and Second Tranches of Its Private Placement of Convertible Debenture Units, Q1 2012 Financial Results and Operational Update

CALGARY, ALBERTA--(Marketwire - May 25, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Golconda Resources Ltd. (TSX VENTURE:GA) (the Corporation or Golconda) is pleased to announce that it has completed the first and second tranches of a non-brokered private placement (the Offering) of debenture units (each a Debenture Unit) for gross proceeds of $200,000. For each $1.00 invested, subscribers received a Debenture Unit comprised of an unsecured 13% convertible debenture (Debenture) in the principal amount of $1.00 and 10 common share purchase warrants of the Corporation (Warrant), with each Warrant entitling the holder thereof to purchase one common share of the Corporation (Common Share) at an exercise price of $0.10 per Common Share for a period of two years.

The Debentures have a two year term (the second anniversary of the Debentures being the Maturity Date) and bear an interest rate of 13% per annum payable quarterly in arrears. The principal amount of the Debentures will be convertible, in whole or in part, into Common Shares at the option of the holder at any time prior to the close of business on the Maturity Date at a conversion price of $0.10 per Common Share. All securities issued in connection with the Offering will be subject to a four (4) month hold period.

The Corporation intends to use the proceeds from this private placement for general working capital purposes. The completion of the private placement is subject to final TSX Venture Exchange approval.

An insider of the Corporation subscribed for 100,000 Debenture Units. The Corporation has determined that there are exemptions available from the various requirements of the TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of these Debenture Units (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).

The Corporation also announces that the financial statements and MD&A for the three months ended March 31, 2012 are now available on SEDAR.

The Board of Directors continues to review strategic alternatives and business opportunities available to the Corporation. This process includes but is not limited to the entry into the oil and gas exploration, development and production business. At this time, the Board of Directors has identified one business opportunity that is being investigated and a decision on this opportunity should be made in the third quarter.

Currently, the Company is not actively pursuing contracts in the drilling business. In 2011, the Company incurred a significant loss of $1.5 million and since commencing drilling operations in December 2008, the Company has incurred cumulative losses of approximately $5.3 million related to drilling operations. The outlook for 2012 drilling appears to be somewhat pessimistic in light of global economic news. At best, the financial markets for the junior mining companies appear to be volatile and for some companies, the raising of funds would appear to be near impossible. The Company has decided to reduce costs to the extent possible in the drilling business and continue to evaluate as economic factors change.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words expect, anticipate, continue, estimate, may, will, should, believe, plans, intends and similar expressions are intended to identify forward-looking information or statements. All statements included herein, other than statements of historical fact, constitute forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of certain assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporations disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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.

TiVo to Present at the Twenty-Eighth Annual Sanford C. Bernstein & Co. Strategic Decisions Conference 2012

ALVISO, CA--(Marketwire - May 25, 2012) - TiVo Inc. (NASDAQ: TIVO), a creator and leader in advanced television services and digital video recorders (DVRs), today announced that President and CEO Tom Rogers will present at the Twenty-Eighth Annual Sanford C. Bernstein & Co. Strategic Decisions Conference 2012 on Thursday, May 31, 2012. A webcast of the presentation will be available on the Investor Relations section of the TiVo website at http://investor.tivo.com under the events calendar tab.

Conference Details:
Twenty-Eighth Annual Sanford C. Bernstein & Co. Strategic Decisions Conference 2012
New York, NY
Thursday, May 31, 2012
3:00 PM ET
Tom Rogers, President and CEO

About TiVo
Founded in 1997, TiVo Inc. (NASDAQ: TIVO) developed the first commercially available digital video recorder (DVR). TiVo offers the TiVo service and TiVo DVRs directly to consumers online at www.tivo.com and through third-party retailers. TiVo also distributes its technology and services through solutions tailored for cable, satellite, and broadcasting companies. Since its founding, TiVo has evolved into the ultimate single solution media center by combining its patented DVR technologies and universal cable box capabilities with the ability to aggregate, search, and deliver millions of pieces of broadband, cable, and broadcast content directly to the television. An economical, one-stop-shop for in-home entertainment, TiVos intuitive functionality and ease of use puts viewers in control by enabling them to effortlessly navigate the best digital entertainment content available through one box, with one remote, and one user interface, delivering the most dynamic user experience on the market today. TiVo also continues to weave itself into the fabric of the media industry by providing interactive advertising solutions and audience research and measurement ratings services to the television industry. www.tivo.com.

TiVo, the TiVo Logo, Season Pass and WishList are trademarks or registered trademarks of TiVo Inc.s subsidiaries worldwide. © 2012 TiVo Inc. All rights reserved.

Socket Mobile Receives Letter From NASDAQ Citing Non-Compliance With Minimum Stockholders' Equity Rules

NEWARK, CA--(Marketwire - May 25, 2012) - Socket Mobile, Inc. (NASDAQ: SCKT) reported today that the Company received a letter on May 21, 2012 from the Listing Qualifications Department of The NASDAQ Stock Market indicating that the Company fails to comply with the minimum stockholders equity requirement of $2,500,000 for continued listing on the NASDAQ Capital Market set forth in Marketplace Rule 5550(b)(1). The Company reported a stockholders equity balance of $2,445,759 as of March 31, 2012.

The Company will submit a definitive plan to the NASDAQ Listing Qualifications Staff (the Staff) on or before July 5, 2012 describing its plans to regain compliance. If approved, the Staff may then grant the Company up to 180 days to execute the plan and return to compliance. During the interim period, the Companys common stock will continue to trade on the NASDAQ Capital Market. If compliance with Marketplace Rule 5550(b)(1) is not achieved within the time limits approved by the Staff, or if the Staff does not approve the definitive plan, the Company would expect the Staff to deliver a written notification that the Companys securities will be delisted from the NASDAQ Capital Market (a Delisting Notice). If the Company receives a Delisting Notice, the Company may appeal the Staffs determination to delist its securities to a Hearings Panel.

About Socket Mobile
With 20 years of experience in the Automatic Identification and Data Capture (AIDC) market, Socket makes mobile computing and productivity work. The company offers a family of handheld computers and an extensive portfolio of AIDC peripherals specifically designed to increase productivity and drive operational efficiencies in healthcare, hospitality and other business mobility deployments. The company also offers OEM solutions for the mobile device market. Socket is headquartered in Newark, Calif. and can be reached at 510-933-3000 or www.socketmobile.com. Follow Socket Mobile on Twitter @socketmobile (www.twitter.com/socketmobile) and subscribe to sockettalk.socketmobile.com, the companys official blog.

Socket and SoMo are registered trademarks of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners. © 2012, Socket Mobile, Inc. All rights reserved.

Government of Canada Strengthening Ties Between Academic and Private Sector

KITCHENER, ONTARIO--(Marketwire - May 25, 2012) - Social sciences and humanities researchers at postsecondary institutions across Canada will create research partnerships among the academic, private, public and not-for-profit sectors, thanks to a federal government investment through the Social Sciences and Humanities Research Council (SSHRC). The announcement was made today by the Honourable Gary Goodyear, Minister of State for Science and Technology, while speaking at the launch of the annual Congress of the Humanities and Social Sciences.

Our Governments top priority is jobs, growth and long-term prosperity. To remain at the forefront of the global economy, our government is investing in the people and ideas that will produce tomorrows breakthroughs, said Minister Goodyear. Through these investments, we are creating the best-educated and most skilled workforce in the world and strengthening Canadas research advantage.

In total, more than $70 million is being awarded over a period of seven years to support 92 research teams across the country through SSHRCs Partnership Grants and Partnership Development Grants.

Todays event at the Communitech Hub, in Kitchener, Ontario, featured the research project led by Dr. Neil Randall, a professor in the department of English Language and Literature at the University of Waterloo, and director of the Games Institute, a multidisciplinary research centre launched in 2011. The Games Institute is the home of the IMMERSe project, the multi-institutional network for games research established through the SSHRC Partnership Grant announced today. IMMERSe focuses on the study of player immersion and player behaviour in games and game-related technologies and interactions. IMMERSe comprises co-applicants and collaborators across eight universities, with six formal academic partners and six formal industry partners.

These multisectoral research partnerships are key to innovation and to building knowledge for Canadas future, said Dr. Chad Gaffield, president of the Social Sciences and Humanities Research Council. With this funding support, we are gaining insight about, and developing innovative solutions to todays social, economic and cultural issues, while training the next generation of researchers and leaders.

A full list of the grant recipients is available on the SSHRC website. http://www.sshrc-crsh.gc.ca/news_room-salle_de_presse/press_releases-communiques/2012/pg-sp-eng.aspx

SSHRC is the federal agency that promotes and supports postsecondary research and training in the humanities and social sciences. Through its three funding programs-Talent, Insight and Connection-SSHRC enables the highest levels of research excellence in Canada and facilitates knowledge-sharing and collaboration across research disciplines, universities and all sectors of society.

Alorica Joins 100,000 Jobs Mission

CHINO, CA--(Marketwire - May 25, 2012) - Alorica (www.alorica.com), a leading provider of customer management outsourcing solutions, announced today that it has joined forces with the 100,000 Jobs Mission; a coalition of major corporations committed to hiring 100,000 transitioning service members and military veterans by 2020. Alorica currently provides over 250 jobs to veterans working throughout the United States and has had a specific focus on hiring veterans for the last two years.

We are honored to be part of the 100,000 jobs coalition -- a very important effort for our nation. We take great pride in hiring veterans into our organization, said Andy Lee, Aloricas Chairman and CEO, and joining the coalition is a symbol of our commitment to helping veterans mainstream into society after serving. Our existing veteran employees take their military training and discipline and apply it to their daily duties and operate with integrity, quality and operational excellence. They receive many commendations from our clients and their customers.

We are proud to welcome Alorica to the 100,000 Jobs Mission, said Tom Higgins, head of military and veteran affairs and operational control for JPMorgan Chase, a founding member of the 100,000 Jobs Mission. Aloricas leaders recognize the tremendous value military veterans bring to their organization, and their commitment serves as an example for other businesses.

Alorica will also hire veterans for its AloriCares division which was specifically established in 2010 to support the hiring of disabled veterans to take customer calls from the convenience of their home. AloriCares was created in partnership with a major telecommunications client and allows veterans to telecommute from dedicated workspaces within their homes, earn a good wage and regain their independence. Employees are provided with a computer and other necessary tools to succeed.

As a current Army Reservist involved in veteran employment, I know the importance of providing our veterans with a good stable working environment after their deployment, said Glenn Lesniak, Vice President of AloriCares and Major General, US Army Reserve. Our AloriCares division is the only one of its kind in the customer management industry where we staff our virtual, work-at-home contact centers entirely with disabled veterans. We are excited to be part of the 100,000 jobs coalition, added Lesniak.

To learn more about the AloriCares program please see www.aloricares.com. Interested veteran candidates may go to www.aloricajobs.com to apply online.

About Alorica Inc.

Alorica is a global leader in delivering BPO Customer contact management solutions. Alorica provides a variety of advanced customer contact management solutions such as customer care, technical support, sales, collections and social media services for Fortune 1000 companies mainly in the communications, technology, media, financial services, government, healthcare, automotive, retail and consumer product verticals. Aloricas specialty is providing flexibility to its clients while delivering high quality service. Headquartered in Chino, California with nearly 20,000 employees enterprise-wide housed in over 35 global contact management centers, Alorica provides unprecedented client support and attention. Alorica supports several customer communication channels including voice, email, chat and social media from onshore, near shore and offshore facilities. Additionally, Alorica provides fulfillment services and reverse logistics services through its U.S. logistics centers. For more information, please visit www.alorica.com.

About the 100,000 Jobs Mission

The 100,000 Jobs Mission was launched in March 2011 by 11 companies and has grown to 46 companies in a little more than one year. 100,000 Jobs Mission members are committed to hiring at least 100,000 military veterans by 2020. To date more than 12,000 veterans have been hired. For more information, visit www.100000jobsmission.com.

Softchoice Wins Department of Navy Microsoft Purchase Agreement

TORONTO, ONTARIO--(Marketwire - May 25, 2012) - Softchoice Corporation (TSX:SO), a North American IT solutions and services company, has been awarded a firm-fixed-price purchase agreement to provide Microsoft software licensing and software assurance to the U.S. Department of the Navy. The agreement was tendered through the U.S. federal government General Services Agreement (GSA) and runs through to 2015. A total of five organizations competed for the contract which has a maximum dollar value of US$700 million.

As one of the largest Microsoft agreements in North America, this marks a major milestone in broadening our relationship with the Department of the Navy, said David MacDonald, President and CEO of Softchoice. While this was a very competitive bidding process, the real opportunity for Softchoice is in competing on future services and solutions opportunities as we help the Navy execute its IT strategy.

Softchoice is one of North Americas top Microsoft Large Account Resellers (LAR). In recent years the Company has augmented its expertise in volume licensing and asset management by expanding its solutions and services capabilities. Today Softchoice provides solution design, fulfillment and implementation services in support of advanced Microsoft technologies as well as data center, networking, mobility and cloud computing solutions. Softchoice provides technology infrastructure to a variety of U.S. federal government departments and agencies, including the Department of Veterans Affairs, the Internal Revenue Service and the U.S. Army.

About Softchoice

As a leading North American provider of technology solutions and services, Softchoice combines the efficiency and reliability of a national IT supplier with the personal touch and technical expertise of a local solutions provider. Softchoices holistic approach to technology includes solution design, implementation and asset management services, as well as access to one of the most comprehensive and cost-effective technology distribution networks in North America. With over 1,100 employees, Softchoice manages the technology needs of thousands of corporate and public sector organizations across the United States and Canada.

Softchoice stock is listed on the Toronto Stock Exchange (TSX) under the trading symbol SO. The common shares of Softchoice are not registered under the U.S. Securities Act of 1933 and are not publicly traded in the United States.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words anticipate, expect, will and similar expressions generally identify forward-looking statements. These statements reflect our current expectations and are subject to a number of risks and uncertainties including, but not limited to, change in technology and general market conditions, many of which are set out or incorporated by reference in the Companys latest Annual Information Form. Due to the many risks and uncertainties, Softchoice cannot assure that the forward-looking statements contained in this press release will be realized.

Mammoth Resources Appoints New Board Members and New Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - May 24, 2012) - Mammoth Resources Corp. (TSX VENTURE:MTH) (Mammoth or the Company) is pleased to report that at its annual general and special meeting held on May 23, 2012 all resolutions including the appointments of new directors were adopted by shareholders of the Company.

Pursuant to the new appointments Mr. Edward Farrauto and Mr. Constantine Salamis have resigned as directors of the Company. Mr. Nigel Kirkwood has also resigned as Chief Financial Officer of the Company but will continue to serve as a director of the Company along with Mr. Marshall Farris and Mr. Thomas Atkins, the current President and CEO. Newly appointed to the board of directors were Mssrs. John D. McBride, David Wiley and Guy Le Bel. Mr. Errol Farr was appointed as CFO of the Company.

Mammoth President and CEO, Thomas Atkins, commented on these changes to the board of directors and executive of the Company, stating: On behalf of the shareholders of the Company Id like to thank Ed, Constantine and Nigel for their assistance over the past months as the Company gained its public listing and advanced as a public company. Without a doubt the Company could not have achieved these goals if not for the efforts of these gentlemen. With the advancement of Mammoth as a public company, Mammoth has been able to attract some additional high caliber talent to the board which we all believe can assist the Company in meeting its mineral project exploration, development and acquisition objectives going forward. On behalf of shareholders I welcome the Companys new directors and the new CFO and look forward to working with this team in the future.

To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the Companys website at www.mammothresources.ca.

Neither the 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.

Yalian Steel Secures RMB 30 Million Trade Finance From Industry and Commercial Bank of China

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 24, 2012) - Yalian Steel Corporation (TSX VENTURE:YL) (Yalian or the Company) announces that it has obtained a trade finance for RMB 30 million (CAD $4.8 million) from the Industry and Commercial Bank of China (ICBC) to fund the working capital requirements of Yangzhou Yalian Steel Pipe Co., Ltd (Yangzhou Yalian), a wholly-owned subsidiary of the Company in China Availability of such trade finance further enhances the Companys ability to secure contracts in the future.

ICBC advanced RMB 30 million to Yangzhou Yalian on May 17, 2012 to meet its cash needs arising from filling several sales orders recently obtained by Yangzhou Yalian. The loan matures on August 19, 2012 and carries an annual interest rate of 6.71%, which was fixed at 110% of the prevailing benchmark rate in China. The loan is secured by Yangzhou Yalians accounts receivables for which collection proceeds are insured by Ping An Property & Casualty Insurance Company of China Ltd. Funds collected from these pledged accounts receivables will be used to repay the loan principal and interest.

About Yalian Steel Corporation

Yalian Steel Corporation is a British Columbia corporation focused on the production of high quality Longitudinally Submerged Arc Welded (LSAW) steel pipe to service Asias rapidly growing energy transportation infrastructure market. The Company has recently completed construction of its initial manufacturing facility in the city of Yangzhou, in the Jiangsu province of China The first production line has a capacity of up to 200,000 metric tons per year. The Yangzhou Yalian plant utilizes the JCOE (J-ing, C-ing, 0-ing, Expanding) process, an advanced method of LSAW pipe production that involves the bending and shaping of X-70 and higher grade steel.

For further company information please access our website: www.yaliansteel.com

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about Yalians business are more fully discussed in the Companys disclosure materials filed with the securities regulatory authorities in Canada available at www.sedar.com. All amounts are stated in Canadian dollars unless noted otherwise.

Neither the 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 press release.

DISH Sues Networks in Federal Court

ENGLEWOOD, CO--(Marketwire - May 24, 2012) - DISH today filed suit against ABC, CBS, Fox and NBC in federal court for a declaratory judgment on questions that have arisen related to the pay-TV providers May 10 introduction of a user-enabled commercial skipping technology called AutoHop. This feature is an advancement that is generating buzz and already seeing a groundswell of support from consumers.

Filed with the United States District Court, Southern District of New York, the suit asks for a declaratory judgment that the AutoHop feature does not infringe any copyrights that could be claimed by the major networks, and that DISH, while providing the AutoHop feature, remains in compliance with its agreements with the networks.

DISHs monthly subscriber fees include significant retransmission fees that DISH pays to the major networks. Although the broadcasters have made much of their content available for free using sites such as Hulu, they have continued to demand substantial increases in their retransmission fees.

Consumers should be able to fairly choose for themselves what they do and do not want to watch, said David Shull, DISH senior vice president of Programming. Viewers have been skipping commercials since the advent of the remote control; we are giving them a feature they want and that gives them more control.

We dont believe AutoHop will substantially change established consumer behavior, but we do believe it makes the viewing experience better, said Shull.

In addition to increasing media reports of planned legal action against DISH, three of the networks -- CBS, Fox and NBC -- have rejected ads for DISHs Hopper Whole-Home DVR, the device that features the AutoHop function.

We respect the business models that drive our industry, but we also embrace the evolving nature of technology and new ideas, said Shull. Advances in the ability to measure and target viewership will give the entire industry -- including advertisers -- the ability to develop better programming, more effective advertising and deliver an overall better experience to the viewer.

About AutoHop
AutoHop is an extension of the Hoppers PrimeTime Anytime™ capability, the exclusive feature that allows viewers, with one click, to record all of the primetime TV programming on ABC, CBS, FOX and NBC in HD -- the networks that deliver some of the most popular shows during primetime.

Once the viewer enables the PrimeTime Anytime feature, the Hopper automatically stores these shows for eight days after they have aired, creating an on-demand library of approximately 100 hours of primetime TV shows, and making it easy to access episodes from last night, or last week. AutoHop, using patented technology, works with most shows recorded using PrimeTime Anytime (patent pending).

A viewer can watch a show with the AutoHop option commercial-free starting at 1 a.m. ET, after a show has been recorded to the Hoppers PrimeTime Anytime library. Prior to that, the Hoppers 30-second hop forward feature continues to work for same-day viewing.

About DISH
DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH Network L.L.C., provides approximately 14.071 million satellite TV customers, as of March 31, 2012, with the highest quality programming and technology with the most choices at the best value, including HD Free for Life. Subscribers enjoy the largest high definition lineup with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporations subsidiary, Blockbuster L.L.C., delivers family entertainment to millions of customers around the world. DISH Network Corporation is a Fortune 200 company. Visit www.dish.com.

Sutherland Global Services entra al Salón de la Fama PEZA &%3F; La compañía fue reconocida como empleador sobresaliente en tres ocasiones

MAKATI, FILIPINAS--(Marketwire - May 24, 2012) - Sutherland Global Services Filipinas fue recientemente elevada al Salón de la Fama PEZA por el Excmo. presidente Benigno S. Aquino III en la Noche de Reconocimiento de los Inversores de PEZA celebrada en el World Trade Center en la ciudad de Pasay. La entrada al Salón de la Fama fue un digno colofón para Sutherland que ganara su tercer "Premio al Empleador Sobresaliente el año pasado, y es un fiel reflejo de la innovación constante de las mejores prácticas para empleados de esta multinacional que abarca toda su red operativa.

En los últimos siete años, Sutherland ha crecido de 150 empleados y una sola ubicación a una fuerza laboral de primera categoría compuesta por más de 13.000 profesionales desplegados en 8 localidades - ¡un crecimiento superior al 8.600%!

El crecimiento de Sutherland en las Filipinas es una combinación de la capacidad de la base de talento y la calidad de la carrera que ofrece la empresa. Comprometido a ser el empleador preferido en todos los países donde opera, Sutherland implementa constantemente políticas y programas inteligentes e innovadores para fomentar el crecimiento y la satisfacción de su activo más valioso —el PERSONAL.

La directora general de PEZA, Lilia de Lima, declaró: El éxito de Sutherland Global Services en las Filipinas es un magnífico ejemplo de un líder global totalmente comprometido a forjar una asociación duradera con nuestro país y nuestra comunidad. La entrada al Salón de la Fama de PEZA es un reconocimiento y, a la vez, un homenaje a la visión pionera de Sutherland, así como a sus prácticas progresistas de personal.

En su mensaje de felicitación al equipo directivo de Sutherland Filipinas, el presidente y CEO Dilip Vellodi, dijo: Esta entrada al Salón de Fama es un tributo a nuestros dedicados empleados y el equipo directivo en las Filipinas, y refleja el compromiso de Sutherland con políticas y programas inteligentes e innovadores para el personal de todo el mundo.

Acerca de Sutherland Global Services
Fundada en 1986, Sutherland Global Services es una compañía multinacional de BPO y servicios posibilitados por la tecnología que ofrece un conjunto integrado de servicios de back-office y de cara al público que apoyan el ciclo de vida completo del cliente. Es una de las empresas independiente más grande de BPO en el mundo que atiende a líderes mundiales en importantes sectores verticales de la industria. Con sede en Rochester, Nueva York, Estados Unidos, Sutherland emplea a más de 30.000 profesionales y tiene 35 centros de operaciones en los Estados Unidos, Bulgaria, Canadá, Colombia, Egipto, India, México, Filipinas, Emiratos Árabes Unidos y Reino Unido. Para obtener más información, visite www.sutherlandglobal.com

BritRail celebra el Jubileo de Diamante de la Reina con una promoción real

MONTREAL, QUEBEC--(Marketwire - May 24, 2012) - En homenaje al Jubileo de Diamante de la Reina, BritRail ofrece una promoción que transporta a los visitantes más allá de la ciudad de Londres y les permite disfrutar aún más la belleza y el encanto histórico de la costa de Inglaterra: del 1ro. al 30 de junio de 2012 obtenga un día de viaje adicional con la compra de un pase BritRail London Plus Pass y para quienes buscan vislumbrase con la vida de la realeza, pueden obtener un Historic Royal 4 Palaces Pass por el precio de un Historic Royal 3 Palaces Pass. ¿¡Qué mejor manera de disfrutar Londres y sus alrededores este verano con eventos tales como el Jubileo de Diamante de la Reina y las Olimpiadas de Londres.!

El BritRail London Plus Pass es ideal para los viajeros que prefieren estar fuera de la vida agitada de Londres, y pasear durante el día o para los viajeros hospedados en Londres que desean aventurarse a visitar los campos, pero quieren regresar a su hotel en Londres en la noche. Los maravillosos viajes durante el día desde Londres incluyen paradas en Oxford, Bristol, Cambridge, Brighton, Bath, Canterbury, Portsmouth, Bournemouth, Stratford-Upon-Avon y más. Le invitamos a consultar el mapa de trenes detallado en el que el área destacada en amarillo ofrece una visión completa de donde puede ir con el BritRail London Plus Pass. ¡Simplemente seleccione su pase flexi por 2, 4 o 7 días de viajes por tren ilimitados, además por tiempo limitado, añada un día adicional gratis!

Para mayor conveniencia los visitantes estarán muy contentos de saber que el BritRail London Plus Pass también incluye 2 cupones Airport Express válidos en Heathrow Express, Stansted Express o Gatwick Express, con transferencias de aeropuerto a Londres central sin dificultades (por tome nota, para los residentes europeos, el BritRail Euro London Plus Pass no incluye los 2 cupones Airport Express, reflejados en el precio).

Para completar la experiencia real, una visita a la Torre de Londres, Palacio de la Corte de Hampton y sus Jardines, Palacio de Kensington y Casa de Banquetes también está programada. Mientras visita la Torre de Londres, quedará maravillado con la nueva exhibición de Joyas de la Corona y no se pierda la más reciente exposición Victoria Revealed (Revelación de Victoria) en el Palacio de Kensington. La entrada a estos cuatro palacios Reales es posible gracias al pase Historic Royal 4 Palaces Pass, hoy en oferta por el precio de un pase para 3 palacios.

Obtenga sus pases BritRail Pass e Historic Royal Palaces Pass visitando, BritRail.com, ACPRail.com o llame al 1 866-938-7245 (Norteamérica).

ACP Rail, además de ser el distribuidor mundial exclusivo de BritRail, también ofrece una atractiva gama de pases de tren y boletos de tren, tales como los nuevos e-tickets para España e Italia, Japan Rail Passes, Eurail Passes, InterRail Passes y más. Si usted es un agente de viajes interesado en reservar sus pases de tren, boletos, reservaciones de asientos, tours y atracciones para sus clientes, por favor visite, www.agent.acprail.com o para más información comuníquese con, sales@acprail.com.

Sutherland Global Services promovida ao PEZA Hall of Fame -- Empresa reconhecida como Excelente Empregadora 3 vezes

MAKATI, PHILIPPINES--(Marketwire - May 24, 2012) - A Sutherland Global Services Philippines foi promovida para o PEZA Hall of Fame por Sua Excelência Presidente Benigno S. Aquino III na Noite de Reconhecimento da PEZA Investors no World Trade Center na Cidade de Pasay. A promoção ao Hall of Fame foi um ponto alto da Sutherland que recebeu seu terceiro Outstanding Employer Award (Prêmio de Excelente Empregadora) no ano passado, sendo um testemunho da consistente inovação desta empresa multinacional das melhores práticas para funcionários na sua rede operacional global.

Nos últimos sete anos a Sutherland aumentou de 150 funcionários e um local para 13.000 profissionais empregados em 8 locais -- um crescimento de mais de 8.600%!

O crescimento da Sutherland nas Filipinas é causado pela capacidade da base de talentos e a qualidade de carreira que a empresa oferece. Com o objetivo de ser a Empregadora Preferida de todas as áreas geográficas onde a empresa opera, a Sutherland implemente constantemente políticas e programas esclarecedores e inovadores que incentivam o crescimento e a satisfação do seu bem mais valioso -- o seu PESSOAL.

A Diretora Geral da PEZA, Lilia de Lima, disse: O sucesso da Sutherland Global Services nas Filipinas é um grande exemplo de dedicação total de uma líder global para com a criação de uma parceria duradoura com o nosso país e comunidade. A sua promoção para a PEZA Hall of Fame é um reconhecimento e uma homenagem à visão pioneira da Sutherland, bem como suas práticas esclarecedoras para os funcionários.

Na sua mensagem de congratulação à equipe de gestão da Sutherland Philippines, o Chairman e CEO Dilip Vellodi disse: Esta promoção para a Hall of Fame é uma homenagem aos nossos dedicados funcionários e equipe de gestão das Filipinas, e é um exemplo da dedicação da Sutherland para com as políticas e programas de Pessoal esclarecedores e inovadores em todo o mundo.

Sutherland Global Services
Fundada em 1986 a Sutherland Global Services é uma empresa global de serviços de BPO e capacitados para a tecnologia oferecendo um conjunto de serviços de apoio de escritório e de atendimento ao cliente que apoiam todo o ciclo de vida do cliente. Ela é uma das maiores empresas de BPO independentes do mundo atendendo líderes das principais indústrias verticais do globo. Com sede em Rochester, N.Y., Estados Unidos, a Sutherland emprega mais de 30.000 profissionais e tem 35 centros operacionais nos EUA, Bulgária, Canadá, Colômbia, Egito, Índia, México, Filipinas, Emirados Árabes Unidos e Reino Unido. Para maiores informações, acesse www.sutherlandglobal.com.

Fórum sobre mercado de crédito e cobrança reúne especialistas em SP

Nos dias 30 e 31 de maio, acontece em São Paulo o Fórum GoOn, que discutirá as ondas do mercado de crédito e cobrança, além das flutuações econômicas num cenário internacional instável e suasconsequências no panorama brasileiro. Voltado para profissionais do setor de crédito e cobrança, o encontro terá apresentações de Marcel Solimeo (ACSP), Nicola Tingas (Acrefi), Steven Dubner e AmyrKlink, entre outros.
A Plugar (www.plugar.com.br) estará na plateia, representada por seu CEO, Eduardo Lapa. “A Plugar tem grande experiência no segmento de varejo, e fornece soluções de inteligência para crédito ecobrança a algumas das maiores empresas do país há alguns anos. Nosso interesse no encontro é natural e temos certeza de que o Fórum será muito proveitoso, já que conhecemos a qualidade do trabalhodesenvolvido pelo Fernando Manfio e sua equipe”, explicou Lapa.
No dia 31, haverá apresentação de cases em três salas classificadas por tema: inovação, modelagem e eficiência financeira. Uma novidade para esta edição do fórum é o lançamento da Riskbuzz, umaplataforma de conteúdo, network e vitrine do mercado de risco.
O Fórum GoOn 2012 é uma iniciativa da GoOn e as informações estão no site www.riskbuzz.com.br.
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SOBRE A EMPRESA
A Plugar Informações Estratégicas S/A (www.plugar.com.br) é o único full service provider de Inteligência Competitiva do Brasil. Com unidades nos estados de SP, RJ e RS possui mais de 120 clientes emvários segmentos econômicos. Atuando há mais de 15 anos no mercado de inteligência competitiva, a empresa conta com áreas de consultoria, tecnologia, educação e serviços de Inteligência emonitoramento de mercado, e se destaca pelo contínuo investimento em inovação e desenvolvimento de soluções em IC que atendam seus clientes.

CRA-SP e Dtcom oferecem cursos on-line aos administradores da região de Ribeirão Preto

A difusão do conhecimento é uma das metas do Conselho Regional de Administração de São Paulo. Com esse intuito, o CRA-SP, em parceria com a Dtcom, empresa pioneira no Brasil na utilização interligadados recursos de TV e da internet para promover a educação a distância, disponibiliza gratuitamente para seus administradores registrados na região administrativa de Ribeirão Preto cursos on-lineatravés de seus dois canais: Corporativo e Público.
Nos próximos meses, os cursos também serão oferecidos para administradores das demais seccionais já em funcionamento – Bauru, Santos (Baixada Santista e Vale do Ribeira), São José dos Campos (Vale doParaíba e Litoral Norte) e Sorocaba. Até o final do ano, estão previstas as aberturas de novas representações nas regiões de Campinas, Presidente Prudente e São José do Rio Preto, que, com o tempo,também disponibilizarão os cursos on-line.

“Com a expansão, conseguimos oferecer mais uma oportunidade de aprimoramento profissional aos profissionais de Administração em temas relevantes para nossa sociedade”, afirma o presidente doConselho, administrador Walter Sigollo.

A Dtcom está otimista com a ampliação dos serviços para o estado de São Paulo. "É uma satisfação proporcionar o desenvolvimento e o aperfeiçoamento dos administradores. A capacitação é um instrumentofundamental para o sucesso profissional e poder contribuir com a disseminação desse conteúdo é um orgulho para a Dtcom. Além disso, é preciso destacar que a educação é o alicerce para o crescimentosocioeconômico do país", diz a gerente de Marketing da empresa, Laila Sol e Silva.
Por meio da ferramenta de ensino LMS, os cursos estarão disponíveis pela internet. Para se cadastrar, o interessado deve ser registrado e adimplente perante o CRA-SP. O contato com a seccional deRibeirão Preto pode ser feito pelo e-mail seccional.ribeiraopreto@crasp.gov.br ou telefone (16) 3621-1061. A programação completa, junto com as sinopses, está no hotsite http://cursos.crasp.gov.br. Acada mês, a Dtcom oferece uma lista diferente de atividades, com temas pertinentes ao mundo corporativo, como técnicas de negociação, liderança e setor público, entre outros.
A iniciativa faz parte do programa de fortalecimento das atividades do Conselho em todo o Estado de São Paulo, que incluem a fiscalização do exercício da atuação na área e a aproximação com asInstituições de Ensino Superior e os estudantes de Administração do interior paulista.

Sobre o CRA-SP
Criado em 1965, o Conselho Regional de Administração de São Paulo (CRA-SP) reúne atualmente mais de 50 mil profissionais registrados, além de empresas que exercem atividades da área de atuação doadministrador. Embora sua principal função seja a fiscalização do exercício profissional do administrador, o CRA-SP é hoje uma referência maior no incentivo à modernização dos processos de gestão ena qualificação dos administradores, feita por meio da promoção de cursos, palestras e congressos, da edição de publicações especializadas e da aproximação com Instituições de Ensino Superior.

Sobre a Dtcom
Fundada em 2000, a Dtcom, um dos parceiros estratégicos de conteúdo do CRA-SP, é especializada em comunicação e capacitação corporativa a distância. No Brasil, a organização é pioneira na utilizaçãointerligada dos recursos de TV, por meio de teleaulas, e da internet, com o sistema LMS. Segundo dados da companhia, cerca de 300 mil alunos utilizam suas ferramentas de treinamento, com emissão de,aproximadamente, 695 mil certificados.

MARCHA DO EU SOZINHO A BRASÍLIA, omita-se você também e ajude a assassinar milhares de animais!

Mais uma vez, do meu próprio bolso e sem visar retorno político ou financeiro, tomei uma iniciativa e, em vez de usar as pessoas como massa de manobra para sair na Mídia, vou SOZINHO a Brasília,tentar contatar pessoalmente os Deputados e Senadores, pois, via e-mail, eles nunca me deram retorno, sempre cai no vazio.
Peço que você me ajude, divulgando esta mensagem, pois preciso contatar os protetores de animais em Brasília, que se disponham a me ajudar na panfletagem explícita que pretendo fazer. Vou a cadagabinete entregar um cartão de visitas meu, convidar as autoridades a entrar no meu site e apoiarem o projeto de lei, que ainda nem existe, graças à má vontade de nossos nobres representantes, aliadaao MARASMO dos ativistas, que estão sempre prontos para se atirar na frente de navios, quando é ideia do Greenpeace, mas, quando não é para sair na TV, ninguém aparece para ajudar.
Em nome de milhões de animais que dependem da nossa voz para clamar por eles, peço que você espalhe esta mensagem para todos os seus amigos. Preciso encontrar pelo menos uns dez voluntários que meajudem a visitar cada um dos gabinetes de deputados e senadores, vou estar em Brasília na próxima quinta-feira, 31/05/2012. O dinheiro só dá para eu ficar um dia na cidade, posso contar com suaajuda, apenas divulgando este apelo e, se você morar em Brasília, comparecendo à Câmara e me ajudando na panfletagem explícita?
Conheça o projeto: www.erasmodeoliveira.org - página "projeto-lei"
(11) 8296 3672 (TIM)
Ajude, se puder, ou, pelo menos, se eu me ferrar sozinho, não tripudie, pois esta obra é em defesa da VIDA, inclusive da SUA!
Grato!

Wajax Increases Bank Credit Facility to $225 Million

TORONTO, ONTARIO--(Marketwire - May 24, 2012) - On May 24, 2012, Wajax (TSX:WJX) increased the limit of the revolving term portion of its bank credit facility by $50 million on substantially the same terms and conditions as the existing facility. The fully secured facility, due August 12, 2016, is now comprised of a $30 million non-revolving term portion and a $195 million revolving term portion. At March 31, 2012, Wajax had utilized $101 million of the facility.

Commenting on the increase, Mark Foote, President and CEO, stated: In addition to taking advantage of the currently favourable borrowing conditions, the $50 million increase will provide Wajax with additional borrowing capacity to fund future growth, including increases in working capital and acquisitions.

Wajax Corporation is a leading Canadian distributor and service support provider of mobile equipment, power systems and industrial components. Reflecting a diversified exposure to the Canadian economy, its three distinct core businesses operate through a network of 117 branches across Canada. Its customer base spans natural resources, construction, transportation, manufacturing, industrial processing and utilities.

Chartwells School Dining Services Sponsors Cooking up Change Healthy Cooking Contest

WASHINGTON, DC--(Marketwire - May 24, 2012) - This week in our nations capital, Chartwells School Dining Services, participated as a platinum sponsor and a judge in the annual National Cooking up Change® healthy cooking contest. Cooking up Change® is a cooking competition created by the Healthy Schools Campaign that challenges teams of high school students to create healthy, great-tasting school meals that exceed current USDA standards as well as the gold standard of the HealthierUS School Challenge, using ingredients commonly available to food service that can be easily prepared in a school kitchen.

Student chefs from Chicago, Denver, Jacksonville, Santa Ana, St. Louis, and Winston-Salem presented their healthy school lunches before a prestigious panel of judges for consideration as the best healthy school lunch in the nation. Karen Duncan, wife of Secretary of Education Arne Duncan and Christie Vilsack, wife of Secretary of Agriculture Tom Vilsack, served as Cooking up Change® Honorary National co-chairs. Duncan also served as a judge for the contest.

The team from Valley High School, Santa Ana, CA won with their menu of lemon and spinach chicken with Tuscan bean salad and cinnamon poached pears. Winning honorable mention was the team from Chicago Public Schools (CPS) with their oven-fried chicken, Cousins collard greens & cabbage, and sweet potato salad. The team from Chicago Vocational Career Academy (CVCA), a CPS school managed by Chartwells Thompson Hospitality, also had the recent honor of serving this menu on Capitol Hill last week to lawmakers and staff. Last year, Chicago Public Schools made news with their unprecedented purchase of 1.2 million pounds of chicken raised without antibiotics which was served as part of school lunch menus.

The Cooking up Change contest engages students in the national dialogue about school food, policy and resources that would make it possible for all children to have access to lunches as nutritious and appealing as those created in the contest. It challenges students to create a healthy school lunch with affordable ingredients, comparable to those found in dining centers across the country.

We are extremely proud of the students who competed in Cooking up Change and are lending their voices to the national discussion on school food, said Rochelle Davis, President and CEO of Healthy Schools Campaign. These students are speaking up to make healthy and appealing school meals like the ones they have created the norm in our nations schools.

The Cooking up Change student contestants found their participation to be very rewarding in these times of school lunch reform, with many of them commenting that it helped change their outlook on their own eating behavior. They were very proud that this experience influenced their families as well and made positive changes to family cooking and eating habits. Chartwells mission is to change the way students and their families view food and Cooking up Change is an excellent example of a program that supports this initiative.

CVCA student, Diamonte B., said, I learned teamwork. I learned to work together, work hard, stay focused. Fellow student chef Sheanice D., said, We learned a lot during this competition -- a lot about the ingredients and where they came from. The competition gave the students aspirations for the future. Well keep cooking from our hearts and believing we can make it anywhere, said Sheanice.

Cooking up Change provides a unique hands-on educational experience for students to engage their peers about eating healthy, said Margie Saidel RD, Vice President of Nutrition and Sustainability for Chartwells School Dining Services, Platinum Sponsor. We are so proud that these amazing kids have the courage to compete and to plant the seeds of change for a healthier life for themselves as well as their peers and families.

For more information about Cooking up Change®, please visit www.CookingupChange.org.

About Chartwells School Dining Services
Chartwells, a division of Charlotte, NC-based Compass Group, provides dining services for over 550 public school districts and private schools, comprising over 6,000 separate elementary, middle and high schools nationwide. For more information about Chartwells School Dining Services, visit www.eatlearnlive.com.

About Healthy Schools Campaign
Healthy Schools Campaign, an independent not-for-profit organization, is a leading authority on healthy school environments and a voice for people who care about our environment, our children, and education. HSC advocates for policies and practices that allow all students, teachers and staff to learn and work in a healthy school environment. For more information, please visit www.healthyschoolscampaign.org.

About Cooking up Change®
Cooking up Change® is a healthy cooking contest for high school student chefs. With the guidance of a chef instructor and dietitians, teams are challenged to prepare a great-tasting, nutritious meal that meets the nutritional standards and cost constraints that school food service staff face every day. Cooking up Change® engages students in the national dialogue about healthy school food. For more information, please visit www.CookingupChange.org.

Minister Tony Clement Announces Funding to Honour Veterans in Three Northern Ontario Communities

PARRY SOUND, ONTARIO--(Marketwire - May 24, 2012) - On behalf of the Honourable Steven Blaney, Minister of Veterans Affairs, the Honourable Tony Clement, President of the Treasury Board, Minister for the Federal Economic Development Initiative for Northern Ontario, and Member of Parliament for Parry Sound-Muskoka, today announced support of up to $114,863 for three memorials in Northern Ontario to honour Veterans and those who have made the ultimate sacrifice.

It is our sacred duty to remember and honour our Veterans and the brave men and women in uniform who serve Canada so selflessly, said Minister Blaney. The memorials we build today will forever reflect our nations gratitude to the generations of Canadians who allow us to live in peace and freedom. Our Government is proud to support projects that help honour the sacrifices of our Veterans and our service men and women.

Our community war memorials serve as lasting reminders of the courage and achievements of our Veterans and the men and women who serve Canada today, said Minister Clement. Our Government applauds Belvedere Heights, the Sheshegwaning First Nation and the Town of Hearst for taking the initiative to build these memorials to preserve the memory of our Veterans and Canadian Forces members.

Through the Community War Memorial Program, Belvedere Heights will receive up to $50,000, the Sheshegwaning First Nation will receive up to $31,963 and the Corporation of the Town of Hearst will receive up to $32,900.

Belvedere Heights, a long-term care facility that is home to Veterans, will build the Belvedere Heights Veterans Memorial in a park overlooking Georgian Bay. This new memorial will commemorate the past and present residents of Belvedere Heights who served our country in times of war and peace. The cenotaph will be located in a well-landscaped garden area as part of a large park development project, which will include a Veterans memorial walkway around the perimeter of the park.

The Sheshegwaning First Nation will construct the Sheshegwaning First Nation War Memorial in honour of those who lost their lives in the First World War, the Second World War or in Vietnam. This project will involve the construction of a new memorial inscribed with the names of 14 local citizens who served, some of whom lost their lives. It will be located in a park area that includes a walkway and seven benches to represent the Teachings of the Seven Grandfathers-a set of teachings about human conduct toward others: Love, Respect, Humility, Honesty, Wisdom, Bravery and Truth.

The Corporation of the Town of Hearst is making major additions to a monument located in the Soldiers Memorial Monument Park commemorating local fallen soldiers. The current Fallen Soldiers Memorial Monument features a soldier in full modern warfare gear, reaching a hand out to a young Afghan child. Additions to the memorial include a new bilingual plaque, two new sculptures created by the same artist, and two large concrete slabs to receive Canadian Forces military vehicles.

Through the Community War Memorial Program, our Government is fulfilling its commitment to further commemorate the courage and sacrifices of our Veterans and members of our armed forces by partnering with community groups and local organizations to build new cenotaphs and monuments.

Applications to the Community War Memorial Program can be submitted at any time during the year and are reviewed on a quarterly basis. Interested non-profit groups and other organizations may be eligible for funding to build new memorials or to make major additions to existing ones. For more information, please visit www.veterans.gc.ca.

EastCoal Inc. Announces That C$17,010,000 Private Placement is Fully Allocated

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 24, 2012) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

EastCoal Inc. (TSX VENTURE:ECX) (the Company) is pleased to announce that the private placement financing previously announced on May 15, 2012 is fully allocated. The Company expects to raise gross proceeds of C$17,010,000 through the issuance of units on a best efforts basis at a price of C$0.35 per unit. Each unit will consist of one common share and one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the Company at a price of C$0.55 for a period of 36 months following the closing date.

In the event that after four months and one day after the closing, the volume weighted average trading price of the Companys common shares on the TSX Venture Exchange, for a period of 20 consecutive trading days equals or exceeds C$0.80, the Company may, within five days after such an event, provide notice to the warrant holders of early expiry of the warrants. In the event that the warrant holders do not exercise their warrants within 30 days after the date of the notice to the warrant holders, the unexercised warrants shall automatically lapse and cease to be exercisable.

Proceeds from the offering will be used to acquire the Menzhinsky mine, develop the Companys properties and for general corporate purposes.

The offering is scheduled to close on or about May 30, 2012 and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful.

By Order of the Board,

John Byrne, Chairman and CEO

About EastCoal Inc.

The Company is focused on the Donbass coal basin of Ukraine which has large coal reserves and excellent prospects.

EastCoal Inc. is currently developing its 100% owned Verticalnaya anthracite mine.

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking information. These and all subsequent written and oral forward-looking information are based on estimates and opinions on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, EastCoal assumes no obligation to update forward-looking information should circumstances or managements estimates or opinions change.

Epicor Announces Agreement to Acquire Assets of COGITA Holdings Limited

DUBLIN, CA--(Marketwire - May 24, 2012) - Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, today announced it has entered into an agreement to acquire substantially all of the operating assets and intellectual property of New Zealand-based partner COGITA Holdings Limited. Under the terms of the agreement, nearly all of COGITAs employees will be offered employment by Epicor. The company is also acquiring customer contracts, related intellectual property, and certain other assets of COGITA, including the strategic office locations in Auckland, New Zealand and Adelaide, Australia. The transaction is anticipated to close by May 31, 2012.

COGITA has consistently been one of the most successful Epicor channel partners, winning the Epicor Global Partner of the Year award as the top revenue producer worldwide the past four years. COGITA also received Top Revenue Producer and Largest Transaction honors for Asia Pacific at the recent Epicor 2012 Channel Partner Awards. With the acquisition of these assets, Epicor will now have a direct presence in the New Zealand market and will become one of the largest enterprise software companies in the region. The COGITA operations will join the existing Epicor operations in Australia, bringing the total number of Epicor employees to approximately 100, serving more than 600 customers in the region.

A leader in delivering end-to-end manufacturing and distribution enterprise resource planning (ERP) solutions to midmarket organizations in New Zealand and Australia, the success of COGITAs partnership with Epicor has been built on a foundation of common values beginning with a mutual focus on customers and high quality service. As its customers continue to expand regionally and globally, Epicor has recognized the significant value in providing direct service and support not just in New Zealand, but anywhere Epicor customers are doing business.

COGITA and Epicor have a long and successful history of delivering complete, end-to-end solutions and award-winning services to the markets we serve, said Craig Charlton, senior vice president and general manager of Asia Pacific for Epicor. In Australia and New Zealand, COGITA has emerged as one of the premier providers of enterprise business applications, particularly for the manufacturing sector. We believe that bringing their experienced sales and consulting organization together with the global strength and strong regional presence of Epicor will provide immediate benefit to our mutual customers.

We are very pleased to be joining Epicor, a company that has distinguished itself through its commitment to delivering innovative, industry-specific solutions and single-point accountability, said Becky Gagas, former director of operations for COGITA and newly appointed director of New Zealand operations for Epicor. While they are one of the largest global software providers, they are keenly aware of the opportunity the Australian and New Zealand market represents. With the acquisition, our customers will now have direct access to increased resources, not only in Australia and New Zealand, but wherever they do business.

About Epicor Software Corporation
Epicor Software Corporation is a global leader delivering business software solutions to the manufacturing, distribution, retail and services industries. With nearly 40 years of experience serving midmarket organizations and divisions of Global 1000 companies, Epicor has more than 20,000 customers in over 150 countries. Epicor enterprise resource planning (ERP), point of sale (POS), supply chain management (SCM), and human capital management (HCM) enable companies to drive increased efficiency and improve profitability. With a history of innovation, industry expertise and passion for excellence, Epicor inspires customers to build lasting competitive advantage. Epicor provides the single point of accountability that local, regional and global businesses demand. The Companys headquarters are located in Dublin, California, with offices and affiliates worldwide. For more information, visit www.epicor.com.

Follow Epicor on Twitter @Epicor, @EpicorUK, @EpicorEMEA, @EpicorAU, @Epicor_Retail, @Epicor_DIST and Facebook.

Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. All other marks are owned by their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.