TMCnet News
MicroCapProfiler.com: NiMin Energy Corp. (OTCBB: NEYYF), Gryphon Gold Corporation (OTCBB: GYPH), Elephant Talk Communications, Inc. (OTCBB: ETAK): Sign up Today for Explosive Stock Picks!(M2 PressWIRE Via Acquire Media NewsEdge) Join our FREE newsletter at http://www.MicroCapProfiler.com today and receive our next Big Stock Report. _______________________________________________________________________ Get Top Penny Stock Pick Alerts Free at: http://www.MicroCapProfiler.com NiMin Energy Corp. to Present at Wyoming IOR/EOR Conference CARPINTERIA, CALIFORNIA -- Sept. 8, 2011 -- NiMin Energy Corp. (TSX:NNN)(OTCBB:NEYYF)(OTCQX:NEYYF)(PINK SHEETS:NEYYF) (the "Company" or "NiMin") today announced that it will be presenting at the 3rd Annual Wyoming Improved and Enhanced Oil Recovery ("EOR") Conference on September 12-13, 2011 in Jackson Hole, Wyoming. Sponsored by the University of Wyoming Enhanced Oil Recovery Institute, the conference will address theoretical and practical aspects of a range of EOR methods through presentations from industry and global academic leaders focused on recovering Wyoming's stranded oil resource. Sven Hagen, President of NiMin, and Scott Dobson, Chief Operating Officer of NiMin, will give the technical presentation on the Company's new, patented Combined Miscible Drive ("CMD") technology for heavy oil recovery, its application at Pleito Creek oil field, and the potential application to the large stranded oil resources in Wyoming. The process involves injecting foamed oxygen into the top of the oil reservoir to generate heat, steam, and carbon dioxide for increasing heavy oil production. In addition, since the CMD process takes place in the reservoir, the carbon footprint and air emissions are considerably less (only 10-15%) than traditional heavy oil recovery methods. NiMin believes that its proprietary US patented process will be economic for producing heavy oil reservoirs that are too deep for conventional steam operations. NiMin has drilled four horizontal wells down dip of the CMD injector and three of the wells have shown positive production response. The Company has identified numerous oil fields in the US that have reservoirs believed to be high quality candidates for the CMD process. In the United States, this process could be applied to 165 oil fields with low recovery efficiencies that represent approximately 14.2 billion barrels of oil in place. NiMin currently operates and produces from four heavy oil fields in the Big Horn Basin, Park County, Wyoming. The Company is actively developing the fields with conventional infill drilling and workovers although these fields may be future candidates for CMD tertiary recovery. About NiMin Energy NiMin is a California based independent oil and gas exploitation and production company with principal operations in the Bighorn Basin of Wyoming, the San Joaquin Basin in California and South Louisiana onshore areas of the U.S. The Company has over 27 million barrels of proved and probable reserves, 97% of which are oil. About University of Wyoming Enhanced Oil Recovery Institute The Enhanced Oil Recovery Institute (EORI) works to help the State of Wyoming and its energy producers to recover a large resource of stranded oil in depleted oil reservoirs as rapidly, responsibly, and economically as possible. EORI is the only institution devoted to enhanced oil recovery in Wyoming oil fields. Cautionary Statements This news release contains forward-looking statements and information ("forward-looking statements") within the meaning of applicable securities laws, including the amount of fields and oil in place to which the CMD process can be applied. Although NiMin believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based upon currently available information to NiMin. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in forward-looking statements. Risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in more detail in our Annual Information Form and other documents available at www.sedar.comand www.sec.gov. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release, and, except as required by applicable law, NiMin does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. NiMin undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the NiMin, Legacy or their respective financial or operating results or, as applicable, their securities. The net present value of future net revenue attributable to NiMin's reserves do not represent fair market value. Barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet ("mcf"): one barrel ("bbl") is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The material differences between reserve quantities disclosed under National Instrument ("NI") 51-101 and those disclosed under the U.S. SEC guidelines and the United States Financial Accounting Standards Board(the "U.S. Rules") is that NI 51-101 requires the determination of reserve quantities to be based in forecast pricing assumptions whereas the U.S. Rules require the determination of reserve quantities to be based on constant price assumptions calculated using a 12 month average price for the year (sum of the benchmark price on the first calendar day of each month in the year divided by 12). _______________________________________________________________________ Get Top Penny Stock Pick Alerts Free at: http://www.MicroCapProfiler.com www.MicroCapProfiler.com Reports Today's Profiles: Gryphon Gold Announces Heap Placement at Borealis Mine VANCOUVER, BRITISH COLUMBIA -- Sept. 8, 2011 -- Gryphon Gold Corporation(TSX:GGN)(OTCBB:GYPH) is pleased to provide an update of onsite construction work for the Borealis Oxide Heap Leach Project as of September 8, 2011. The project remains below budget. The Borealis Oxide Heap Leach Project began building the initial heaps for cyanide treatment on September 5, 2011. John Key, Chief Executive Officer of Gryphon, commented, "The aggressive schedule for entering production at Borealis has been a challenge but one that our personnel and contactors are continuing to meet. With the initial building of oxide gold heaps, we would anticipate fluid flows beginning soon and our previously announced shipping and sales dates to be met." As of September 1, 2011 the leach pad liner was 100% complete. As of September 5, 2011 final approvals from the Nevada Department of Environmental Protection had been received that allows for production processing. The initial portion of the heap leach pad has successfully been over lined with material screened from the Freedom Flats heap. This drainage layer is gold bearing material and will contribute to the gold production. The project is on target for delivery of loaded carbon in September and cash flow in October. With funds from the $3M Private Placement, the Adsorption, Desorption, Recovery Plant (the "ADR") is being fabricated and is currently on schedule. On site, the ADR footings are complete and the pouring of the floors is in progress. A construction update with pictures will be posted on www.gryphongold.com. ABOUT GRYPHON GOLD: Gryphon Gold is a Nevada-focused gold exploration company. The Company's principal property is its Borealis gold project located in the Walker Lane gold belt of western Nevada. This press release contains "forward-looking statements" and "forward-looking information" within the meaning of United States and Canadian securities laws, which may include, but are not limited to statements relating to the Company's plans to advance its Borealis Oxide Heap Leach Project; the schedule for site construction work, heap leach pad construction, ADR plant construction, pad loading, fluid flows, shipping, delivery, sales and revenue from gold sales at the Borealis Oxide Heap Leach Project; assumptions related to the commercial viability of the Borealis Oxide Heap Leach Project; assumptions related to gold grade and recoverability, estimates of tonnage and grade, anticipated release of further updates on the progress at the Borealis project and other statements relating to plans, estimates, objectives, and timing. Such forward-looking statements and forward-looking information reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risk that additional financing for the development of theBorealis Oxide Heap Leach Project, may be required, and if so, may not be available on terms satisfactory to the Company if at all, risks associated with the start up of mining operations, and the risks and uncertainties outlined under the section headings "Forward-Looking Statements" and "Risks Factors and Uncertainties" in the Company's annual report on Form 10-K, as filed with the SEC and Canadian securities regulatory authorities on June 30, 2011, and in the Company's other reports, documents, and registration statements filed with the SEC (available at www.sec.gov) and with Canadian securities administrators (available atwww.sedar.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. The Company does not undertake to update forward-looking statements or forward-looking information, except as may be required by law. Full financial statements and securities filings are available on the Company's website: www.gryphongold.com and www.sec.gov or www.sedar.com. _______________________________________________________________________ Get Top Penny Stock Pick Alerts Free at: http://www.MicroCapProfiler.com www.MicroCapProfiler.com Reports Today's Profiles: ValidSoft Awarded Second European Privacy Seal by EuroPriSe LONDON -- 09/12/11 -- ValidSoft (www.validsoft.com), a global supplier of fraud prevention, authentication and transaction verification solutions, has been awarded a European Privacy Seal by EuroPriSe for its VALid-4F(TM). ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK) (www.elephanttalk.com), an international provider of business software to the telecommunications and the financial industry. This is the second Privacy Seal that ValidSoft has received, and it confirms the company's ability to maintain the highest privacy standards in its work with citizens' information when contracted by financial services organizations and government departments. The award follows evaluation by independent experts and validation by EuroPrise, an official certification body. ValidSoft aims to redefine the prevention of fraud by providing banks, businesses and governments with strong, telephone-based, real-time systems to authenticate and verify transactions. Whether in "card present" (e.g. ATM-related), "card not present" (e.g. internet shopping), and online banking or self-certification (e.g. provision of social benefits), it can protect against the most sophisticated types of fraud. The second European Privacy Seal is awarded for VALid-4F(TM)which applies to self-certification solutions, those being especially relevant to governments. In an increasingly mobile and global world, it is becoming more and more important that individuals can quickly and simply certify, by and for themselves, over a mobile phone, who they are, and that they are fulfilling certain conditions, including whether they are, or not, in a particular country or jurisdiction. It is also crucial in such circumstances that the relevant self-certification is reliable and verifiable. The product achieves this without privacy-intrusive processing, in a way that is fully compliant with European data protection standards. Pat Carroll, founder and CEO of ValidSoft, said, "We are delighted to have been recognised in this way. It represents an important step in our growth as we look to provide solutions for governments balancing tight budgets with public demands. VALid is both efficient and accurate and will protect citizens' personal information." Douwe Korff, ValidSoft's Independent Data Protection Evaluator and Professor of International Law atLondon Metropolitan University, said: "This product shows that privacy protection in service or benefit condition verification is not a sub-zero game. Here we have a product that achieves cost and operational efficiencies for government departments and provides user-friendly and more convenient services for citizens. It also offers a better protection against welfare fraud, stronger condition verification generally, and higher standards of data protection compared with the use of other products that operate in violation of European data protection rules." Kirsten Bock, CEO of EuroPriSe, said: "ValidSoft proved itself tremendously robust in response to the thorough evaluation which was carried out on VALid Standard Edition v.3 before it qualified for this Seal. Government organisations across Europe will benefit from the excellent documentation addressing privacy in a most comprehensive way and thus can be assured that ValidSoft meets the most rigorous measures." The following features in particular were rated as "excellent" in the EuroPriSe evaluation: o Purpose specification and limitation, the latter achieved in particular through very strong, legally binding Conditions of Use. o Very strong, legal assurances that the product will only ever be used with the full, free, informed, specific and express consent of the data subject. o Data avoidance, minimisation and proportionality; the use of pseudonyms and anonymity with personal data wherever possible. o The quality of the product documentation and information.o The mobile phone look-ups are fully compliant with European data protection law. These two steps guarantee that a benefit claimant is who he/she says he/she is, and is in the country or geographical location where he/she is supposed to be. ValidSoft's, Carroll added, "The concept of 'privacy by design,' as described by Gartner, privacy and data protection should be embedded throughout the entire life cycle of technologies, from the early design stage to their deployment, use and ultimate disposal (European Commission: A digital agenda for Europe, 26/8/2010). Our second EuroPriSe seal confirms that our products embody that approach right across the private and public sectors." ValidSoft was awarded its first EuroPriSe Seal in March 2010 for VALid-POS, which is a telecommunication-based, security solution designed to combat card transaction fraud at ATMs or points of sale. EuroPriSe is an initiative set up by the European Union data protection authorities, and was launched in 2007 under the eTEN program of Directorate General (DG) Information Society and Media. About EuroPriSe EuroPriSe is an initiative led by the Unabhaengiges Landeszentrum fuer Datenschutz (Independent Centre for Privacy Protection, ULD), Germany. EuroPriSe was funded with 1.3 million Euros by the European Commission's eTEN program. The EuroPriSe project consortium led by ULD included partners from eight European countries: the data protection authorities from Madrid (Agencia de Proteccin de Datos de la Communidad de Madrid, APDCM), and France (Commission Nationale de l'Informatique et de Liberts, CNIL), the Austrian Academy of Science, London Metropolitan University from the UK, Borking Consultancy from the Netherlands, Ernst and Young AB from Sweden, TV Informationstechnik GmbH from Germany, and VaF s.r.o. from Slovakia. For more information please visit: www.european-privacy-seal.eu About ValidSoft ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK), (www.elephanttalk.com) and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit (www.validsoft.com). About Elephant Talk Communications Elephant Talk Communications, Inc. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talkprovides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit (www.elephanttalk.com). Forward-Looking Statements Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission. _______________________________________________________________________ About MicroCapProfiler.com www.MicroCapProfiler.com is a premier source for microcap research - providing a wide range of due diligence and investment insight on stocks that trade on OTC, OTCBB, NYSE, NASD, and AMEX exchanges, and are mostly referred to as "penny stocks". These are stocks that trade under $5 a share and offer the GREATEST potential return on your short or long term investment. MicroCapProfiler.com Investment Report primary focus is to alert our valued subscribers to small cap and microcap companies poised for explosive movement in the market place. As every investor knows, timing in the market is critical! To receive our FREE comprehensive newsletter, please visit http://www.MicroCapProfiler.com We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by MicroCapProfiler.com. Please be advised that the information provided May or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed. To view a complete disclaimer, visit: http://MicroCapProfiler.com/disclaimer.html To feature your publicly traded company in our alerts, email us at: [email protected] Let MicroCapProfiler.com help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at: [email protected] CONTACT: CONTACT: Micro Cap Profiler Tel: +1 321 439 1823 e-mail: [email protected] WWW: http://www.MicroCapProfiler.com ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). (c) 2011 M2 COMMUNICATIONS |