Wednesday, 31 March, 2010
Cobalt Secures $1 Million Loan for Production Equipment
Cobalt Coal Corp. (TSX:V CBT)
Basic Shares: 50.4 million
Fully Diluted: 57.6 million
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Cobalt Coal announced today that it has secured a $1 million bridge loan from an undisclosed vendor. This money will be used for the purchase of mining equipment such as a continuous mining machine, a roof bolter, and a scoop and shuttle car for transporting the coal within its Westchester metallurgical coal mine, which is set to begin production at the end of April.
The company’s stock has seen a significant increase in volume and share price as of late. This may be attributable to the approach of production at its Westchester property.
To read the full release, please click here.
GMP - Carfinco Is A Buy
Carfinco Income Fund (TSX: CFN.UN)Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
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While GMP Securities analyst Steve Boland has been covering Carfinco for the past couple of years, he recently updated his opinion from a Hold to a Buy with a unit target price of $4.00.
According to the report, GMP had taken a conservative approach to Carfinco even though the units were trading well above the last price target of $2.00. Strong quarterly financial results prompted the upgrade. A portion of the report is quoted below.
"Over the past few quarters, we had taken a very cautious stance on CFN despite the stock moving above our target. It seemed that the company had encountered the perfect storm – high gas prices, a decrease in car sales, economic uncertainty and difficult credit conditions. Management responded by tightening lending criteria, slowing portfolio growth, enacting strategies to limit losses and renegotiating the company’s credit facility. The results of management’s actions (in the form of the last two quarter’s results) seem to speak for themselves."
"With the darkest clouds now in the rear view mirror, we turn our focus to the company’s growth prospects. Management has stated that they plan to grow loan receivables by 15%-20% in 2010. Using the 2009 closing gross loan receivable balance of $113.2 million, this would equate to $17.0-$20.0 million of originations (net)."
While GMP Securities analyst Steve Boland has been covering Carfinco for the past couple of years, he recently updated his opinion from a Hold to a Buy with a unit target price of $4.00.
According to the report, GMP had taken a conservative approach to Carfinco even though the units were trading well above the last price target of $2.00. Strong quarterly financial results prompted the upgrade. A portion of the report is quoted below.
"Over the past few quarters, we had taken a very cautious stance on CFN despite the stock moving above our target. It seemed that the company had encountered the perfect storm – high gas prices, a decrease in car sales, economic uncertainty and difficult credit conditions. Management responded by tightening lending criteria, slowing portfolio growth, enacting strategies to limit losses and renegotiating the company’s credit facility. The results of management’s actions (in the form of the last two quarter’s results) seem to speak for themselves."
"With the darkest clouds now in the rear view mirror, we turn our focus to the company’s growth prospects. Management has stated that they plan to grow loan receivables by 15%-20% in 2010. Using the 2009 closing gross loan receivable balance of $113.2 million, this would equate to $17.0-$20.0 million of originations (net)."
He's calling for Earnings Per Unit of $0.38 in 2011.
See full report here.................................
AeroMechanical Scores One Two Punch in Nigeria
AeroMechanical Services Ltd.(TSX:V-AMA)
Basic Shares: 103.6 million
Fully Diluted: 115.4 million
Management, Directors, and Officers > 6.2%
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The ink was barely dry on the March 30th announcement that AeroMechanical (AMA) was chosen to build a flight operations centre in the Nigerian city of Lagos when it was announced that a Nigerian airline signed up to install AeroMechanical’s blue box technology on board its entire fleet.
The five-year contract with the unidentified airline – that could result in $2.5 million in gross revenues - was announced March 31st, the day after the flight operations centre news release was issued.
In the previous March 30th news release about the flight operations centre, AMA said all Nigerian-registered civil aircraft will be ordered to install equipment like AMA’s blue box so the newly-built operations centre can identify the aircraft flying through its airspace and that aircraft’s location, direction and speed.
As a result of that requirement, AMA stated that it hoped a number of Nigerian airlines would come knocking on its Calgary doors in order to comply with the Nigerian directive.
So to be able to announce a one /two business punch – first a contract to build a flight operations centre and then an airline ordering the technology needed to digitally speak to the operations centre - is a coup for any business.
The Nigerian airline will be using AMA’s technology not only to be identified by the operations centre but also to monitor the physical health of thousands of critical components on each of its aircraft in near real time.
The airline will also be able to watch where its fleet of aircraft are flying in Nigeria and around the world and communicate with its pilots anywhere and at any time.
It will also have the option of using AMA’s technology to monitor fuel useage on each aircraft.
And the airline will – with the flick of a switch – be able to add AMA’s ability to turn a black box live.
By that I mean the millions of bits of critical information flowing into a black box about an aircraft’s functions can be broadcast back to earth in near real time when that aircraft experiences a major malfunction.
So instead of having all that vital information just being recorded in the black box for later retrieval and inspection by air accident investigators, those same investigators can examine the data broadcast to earth stations to perhaps determine why the aircraft crashed without having to retrieve the on-board black box.
To view the full news release on the Nigerian airline contract, please click here.
The five-year contract with the unidentified airline – that could result in $2.5 million in gross revenues - was announced March 31st, the day after the flight operations centre news release was issued.
In the previous March 30th news release about the flight operations centre, AMA said all Nigerian-registered civil aircraft will be ordered to install equipment like AMA’s blue box so the newly-built operations centre can identify the aircraft flying through its airspace and that aircraft’s location, direction and speed.
As a result of that requirement, AMA stated that it hoped a number of Nigerian airlines would come knocking on its Calgary doors in order to comply with the Nigerian directive.
So to be able to announce a one /two business punch – first a contract to build a flight operations centre and then an airline ordering the technology needed to digitally speak to the operations centre - is a coup for any business.
The Nigerian airline will be using AMA’s technology not only to be identified by the operations centre but also to monitor the physical health of thousands of critical components on each of its aircraft in near real time.
The airline will also be able to watch where its fleet of aircraft are flying in Nigeria and around the world and communicate with its pilots anywhere and at any time.
It will also have the option of using AMA’s technology to monitor fuel useage on each aircraft.
And the airline will – with the flick of a switch – be able to add AMA’s ability to turn a black box live.
By that I mean the millions of bits of critical information flowing into a black box about an aircraft’s functions can be broadcast back to earth in near real time when that aircraft experiences a major malfunction.
So instead of having all that vital information just being recorded in the black box for later retrieval and inspection by air accident investigators, those same investigators can examine the data broadcast to earth stations to perhaps determine why the aircraft crashed without having to retrieve the on-board black box.
To view the full news release on the Nigerian airline contract, please click here.
Tuesday, 30 March, 2010
AeroMechanical Builds Nigerian Flight Operations Centre
AeroMechanical Services Ltd.(TSX:V-AMA)
Basic Shares: 103.1 million
Fully Diluted: 117.6 million
Management, Directors, and Officers > 7.1%
*******************************
Today’s announcement that AeroMechanical (AMA) will create a cutting edge aircraft operations control centre in Nigeria’s most densely-populated city – Lagos - is one of the most eye-catching contracts AMA has ever signed.
It’s a first of its kind for the Calgary-based aeronautics company and it could lead to more like it both within Nigeria and in other West African countries, which are watching Nigeria’s aviation moves.
To hear more about the contract, please click below to listen to a short interview with AeroMechanical Chairman and CEO, Bill Tempany.
It’s a first of its kind for the Calgary-based aeronautics company and it could lead to more like it both within Nigeria and in other West African countries, which are watching Nigeria’s aviation moves.
To hear more about the contract, please click below to listen to a short interview with AeroMechanical Chairman and CEO, Bill Tempany.
There is another gem in the contract that was signed with the Nigerian Civil Aviation Authority (NCAA), which will serve as an introduction of AMA to airline companies flying in Nigeria:
The NCAA will be asking owners of the roughly 300 civilian-registered aircraft there to install equipment –like that offered by AMA – so that the operations centre can track and identify the aircraft.
AMA currently has a large Nigerian-registered airline as a customer using its technology and several of the 300 already have other tracking systems, which AMA will be integrating with.
With 150 million people, Nigeria is one of the most populated of African countries.
Air traffic is surging there.
With a 2009 capacity of 3.2 million barrels of oil per day, Nigeria is also that continent’s largest oil producer. In fact, Nigeria is the world’s eighth largest exporter of crude oil and sends 42% of its exports to the United States.
So it’s got the oil income to fund a technological leap forward in the aviation sector. It also has the will for it is well-known that Nigeria is driving to be an aviation hub for international travelers who will use Lagos and other large Nigerian airports as a stopover to connect to other flights in that hemisphere.
This operational control centre in a country that has limited radar-coverage, will give it the capability to track all civilian aircraft registered in Nigeria anywhere within its borders and beyond to the rest of the world.
To read the news release, please click here..............
Anglo Swiss To Explore Two Large Targets Discovered From The Air
Anglo Swiss Resources Inc.(TSX-V: ASW) (OTCBB: ASWRF) (BERLIN: AMO)
Basic Shares 138.2 million
Fully Diluted 168 million
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Anglo Swiss has announced the beginning of its 2010 exploration and the plans for its 150 square kilometre property called the Nelson Mining Camp just outside of Nelson BC.
An airborne survey took place over a portion of the property last fall and an extensive review of the results has pointed the company to start drilling on two large anomalies that were identified.
Six surface drill targets were selected to test the potential zones that were seen from the sky and drilling should start by the end of next month.
Anglo also mentioned that a new airborne survey of the entire property will take place to further assist in its quest for gold, silver and other base and precious metals.
Monday, 29 March, 2010
Pure Nickel Provides Investors With MAN Alaska Update
Pure Nickel(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5
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Pure Nickel hosted a call open to investors on Friday, March 26th to discuss its property MAN Alaska and the increased interest of its large partner ITOCHU.
A recording of the call includes a summary of Thursday's news from the President of Pure Nickel, Dave McPherson as well as questions from investors is available by clicking here.....................................
Thursday, 25 March, 2010
Pure Nickel Receives Increased Funding For MAN Alaska
Pure Nickel(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5
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It's the moment that NIC shareholders has been waiting for.
ITOCHU, the multi-billion dollar conglomerate who has funded exploration on Pure Nickel's MAN, Alaska property over the past two years, has agreed to increase its commitment for 2010’s exploration program. ITOCHU has increased the exploration budget to $7.5 million from its original $4 million commitment.
Encouraging results from 2009 drilling at MAN has peeked ITOCHU’s interest in the property and in recognition of this has also agreed to increase spending throughout 2011 and 2012 to the sum of $8 million each year. The combined total is $23.5 million and will be spent over three years instead of the initial agreement of four years.
ITOCHU, the multi-billion dollar conglomerate who has funded exploration on Pure Nickel's MAN, Alaska property over the past two years, has agreed to increase its commitment for 2010’s exploration program. ITOCHU has increased the exploration budget to $7.5 million from its original $4 million commitment.
Encouraging results from 2009 drilling at MAN has peeked ITOCHU’s interest in the property and in recognition of this has also agreed to increase spending throughout 2011 and 2012 to the sum of $8 million each year. The combined total is $23.5 million and will be spent over three years instead of the initial agreement of four years.
Shareholders and those interested can join a conference call hosted by President of NIC, Dave McPherson to discuss plans for 2010 and beyond at MAN.
The call will take place on Friday, March 26th, at 10:00 am Eastern Time.
The number to call if you are in North America is 1-888-241-0323 or internationally 1-647-427-3410.
The conference ID number is 65399986.
More from The Howard Group after the call tomorrow, stay tuned.
Tuesday, 23 March, 2010
Smartcool Lands Large Asian Manufacturer
Smartcool Systems Inc.SSC: TSX-V
Basic Shares 44.3 million
Fully Diluted 50.7 million
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A successful installation of Smartcool's Energy Savings Module (ESM) into a Sri Lanka factory owned by global giant Stretchline begins a multi installation roll-out across Asia.
Stretchline is a leading manufacturer of elastic products and has a large global presence with over 40,000 employees and more than half a million square feet of facilities worldwide.
Smartcool's initial installation on the air conditioning system at the Sri Lanka factory achieved a 17% reduction in power consumption equating to savings of about $21,000 USD per year in the one location.
Stretchline was so impressed with the savings that it will install Smartcool's ESM in 10 more of its factories across Asia.
The new relationship with Stretchline is significant in that it has opened the doors to a global company that spans three continents. The successful application also proved significant savings in a sector that is very competitive and bottom line savings is key to staying ahead of the competition.
See full news release here.............................................
Thursday, 18 March, 2010
Carfinco Receives Strong Buy Rating From Industrial Alliance
Carfinco Income Fund (TSX: CFN.UN)Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
------------------------------------
Carfinco has attracted a lot of positive attention as of late with much of it related to a recently developed relationship with Montreal based Industrial Alliance Securities Inc.
The initial meeting took place with Industrial Alliance last November when Carfinco was "breaking out" with news that its third quarter matched its highest per unit earnings ever at $0.09 or annualized $0.36 per unit. At the time the units were trading in the $2 range.
Analyst Fred Westra who specializes in Non-Bank Financials immediately saw the "blue sky" potential in Carfinco resulting in his initial research report this past February. Titled "Small Niche Lending Play, Big Time Potential" the report profiled Carfinco with a Strong Buy Rating and a 12 month price target of $3.50.
Fred updated his coverage on March 15th raising his 12 month target to $3.75 based on Q4 Earnings.
Analyst Fred Westra who specializes in Non-Bank Financials immediately saw the "blue sky" potential in Carfinco resulting in his initial research report this past February. Titled "Small Niche Lending Play, Big Time Potential" the report profiled Carfinco with a Strong Buy Rating and a 12 month price target of $3.50.
Fred updated his coverage on March 15th raising his 12 month target to $3.75 based on Q4 Earnings.
Highlights of the updated report include:
Loan Receivables expected to reach $111m, compared to $108m in Q4/08. Management slashed its growth oriented activities in 2008 in favour of a heightened risk management focus. This slowed 2009 growth, but lead to strong profitability. Growth is now picking up and Management has applied renewed focus in this area which should translate into healthy 2010 numbers.
We anticipate revenues of $8.8m for the quarter, 7.1% higher than Q4/08. While not an exciting number by itself, it is expected to surpass the F2009E growth rate of ~4.5%, indicating a ramp up in growth is afoot. Earnings for the quarter are expected to be $2.1m, or $0.09/unit,
compared with a loss of $0.6m, or -$0.02/unit, in Q4/08. Distributable cash per unit is expected to ~$0.08
COMMENTARY
Carfinco has benefited over the past few months from strong performance of its loan book in 2009. Low losses, higher recoveries and better delinquencies due to exceptional underwriting processes have combined to make CFN’s book very profitable. Along with a recovery on loan receivables growth, Management has raised their regular distribution 33% to $0.02/mth, publically stated their intention to maintain this distribution after the 2011 tax deadline, and announced a $0.04 Q1/10 special distribution (double our expectation).
IMPLICATION
With an 8% base yield that will be stable after tax, double digit top line growth and operating leverage, CFN is an attractive story at this juncture despite having risen 45% since our initiation report.
RECOMMENDATION
CFN is a led by an experienced management team, with an excellent track record and a material ownership stake. The Company has significant growth and earnings expansion opportunities, proven risk management processes and a solid balance sheet to weather uncertainties. The 37.5% potential total return from Carfinco’s most recent closing price results in our maintaining our STRONG BUY recommendation.
Read the entire March 17th report by clicking here.........................
Loan Receivables expected to reach $111m, compared to $108m in Q4/08. Management slashed its growth oriented activities in 2008 in favour of a heightened risk management focus. This slowed 2009 growth, but lead to strong profitability. Growth is now picking up and Management has applied renewed focus in this area which should translate into healthy 2010 numbers.
We anticipate revenues of $8.8m for the quarter, 7.1% higher than Q4/08. While not an exciting number by itself, it is expected to surpass the F2009E growth rate of ~4.5%, indicating a ramp up in growth is afoot. Earnings for the quarter are expected to be $2.1m, or $0.09/unit,
compared with a loss of $0.6m, or -$0.02/unit, in Q4/08. Distributable cash per unit is expected to ~$0.08
COMMENTARY
Carfinco has benefited over the past few months from strong performance of its loan book in 2009. Low losses, higher recoveries and better delinquencies due to exceptional underwriting processes have combined to make CFN’s book very profitable. Along with a recovery on loan receivables growth, Management has raised their regular distribution 33% to $0.02/mth, publically stated their intention to maintain this distribution after the 2011 tax deadline, and announced a $0.04 Q1/10 special distribution (double our expectation).
IMPLICATION
With an 8% base yield that will be stable after tax, double digit top line growth and operating leverage, CFN is an attractive story at this juncture despite having risen 45% since our initiation report.
RECOMMENDATION
CFN is a led by an experienced management team, with an excellent track record and a material ownership stake. The Company has significant growth and earnings expansion opportunities, proven risk management processes and a solid balance sheet to weather uncertainties. The 37.5% potential total return from Carfinco’s most recent closing price results in our maintaining our STRONG BUY recommendation.
Read the entire March 17th report by clicking here.........................
Smartcool is a Buy according to Independent Insight
Smartcool Systems Inc.SSC: TSX-V
Basic Shares 44.3 million
Fully Diluted 50.7 million
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On March 10, 2010, Toronto based Independent Insight published an analyst report on Smartcool Systems. Ian Prittie, President of Independent Insight, wrote the three page report and recommends Smartcool as a buy. Here are some of the highlights from the report:
- Recent price is $0.29 with a market cap of $13 million
- Projected revenue for 2010 is $4.8 million with a net income of $1 million ($0.02 EPS)
- “With such a strong showing in revenue growth, high gross margins, and the prospects for the company’s growth in Asian markets and elsewhere in 2010, we regard the shares as attractive at this level”
- “We are also very encouraged by the company’s coming shift to a more recurring revenue model”
- Valuation and outlook
Smartcool (SSC.V)
About Independent Insight
Independent Insight was founded by Ian Prittie in 2009, a Toronto‐based equity analyst with over 14 years experience. The company provides its subscribers with independent, unbiased, and thorough fundamental analysis on select companies, with both buy and sell recommendations.
Our experience working at ‘traditional’ banks and brokerages has led us to believe that there are many deficiencies and problems with standard stock research, which can only be addressed by true independent research. As well, we have not seen an efficient independent research model that directly addresses individual investors, as opposed to institutions.
Our goal is to provide investors with both a buy and sell stock list that is:
• Governed by thorough analysis covering everything from accounting detail to evaluation of management,
• Unbiased, without any internal or external conflicts of interest,
• Geared to ‘longer‐term’ positional holding periods,
• Constantly monitored and updated to ensure continued accuracy of recommendations.
As well, we believe we are offering a unique interactive model where subscribers may contact us to suggest a stock for new coverage.
Our experience working at ‘traditional’ banks and brokerages has led us to believe that there are many deficiencies and problems with standard stock research, which can only be addressed by true independent research. As well, we have not seen an efficient independent research model that directly addresses individual investors, as opposed to institutions.
Our goal is to provide investors with both a buy and sell stock list that is:
• Governed by thorough analysis covering everything from accounting detail to evaluation of management,
• Unbiased, without any internal or external conflicts of interest,
• Geared to ‘longer‐term’ positional holding periods,
• Constantly monitored and updated to ensure continued accuracy of recommendations.
As well, we believe we are offering a unique interactive model where subscribers may contact us to suggest a stock for new coverage.
Visit Independent Insight’s website - http://www.independentinsight.net/
To view Independent Insight's full report on Smartcool, please click here.
Tuesday, 16 March, 2010
Carfinco Grabs Checkered Flag With Record 2009 Results
Carfinco Income Fund (TSX: CFN.UN)
Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
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Carfinco today announced blow out 2009 financial results that saw turbo charged earnings power the units to a new 52 week high, hitting $3.28 before closing at $3.17.
Earnings hit a record $7.3 million, well ahead of the company's previous record of $6.3 million set in 2006.
Throughout 2009 each quarter's earnings improved setting new records. On an annualized basis the fund's fourth quarter produced earnings of $10.4 million or $0.44 per unit which is a 43.7% return on unit holders equity.
Without doubt, Management and the Board of Trustees deserve kudos for not only the success of the Trust but having the foresight to put defensive measures in place prior to the 2008 economic meltdown.
Highlights of the 2009 financials can be seen in today's news release by clicking here......................................
Smartcool Wins Over Huge U.S. Food Wholesaler
Smartcool Systems Inc.
SSC: TSX-V
Basic Shares 44.3 million
Fully Diluted 50.7 million
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Olympic Fruit and Vegetable is one of the largest wholesalers of fresh produce in the United States and is another new client for Smartcool. After an initial trial installation Olympic has committed to installing Smartcool's energy saving module (ESM) into all of its operational facilities throughout Los Angeles, San Diego, San Francisco, Texas and Florida.
Smartcool's first installation realized a 20% energy saving at Olympic's headquarters, which translates into an annual greenhouse gas reduction of 250 thousand pounds. Put another way, this is the equivalent of the atmospheric scrubbing of 25 acres of trees.
Smartcool has installed over 26 thousand units worldwide for customers such as supermarkets, food distributors, telecommunications companies, hospitals and hotels.
Click here to read the full news release
Tuesday, 9 March, 2010
Carfinco Announces First Quarterly Special Distribution 0f 2010
Carfinco Income Fund (TSX: CFN.UN)
Units issued basic 23.9 million
Units issued fully diluted 24 million
Current monthly distribution: $0.02 Current annualized yield: ~ 10.6%
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Carfinco continues to impress the market and unit holders, this time by announcing a special quarterly distribution of $0.04 per unit. This is on top of its regular monthly distribution of $0.02 per unit for a total March distribution of $0.06 per unit.
The market reacted positively to the news and Carfinco hit a new 52 week high of $3.01 per unit after its release, up ten fold from its $0.30 52 week low.
Under the Deed of Trust that governs the fund, the company must distribute all of its taxable income by year end and unit holders on record as of March 19th will be entitled to the distributions.
Based on today’s trading price of $2.97 as of this writing, the increased distribution adds up to a 10.6% annualized yield. This may seem more appealing to investors than a typical bank savings account, which sits at a depressingly low 0.75 %.
See full news release here...............................
ABC Stores Say Mahalo To Smartcool For Energy Savings
Smartcool Systems Inc.
SSC: TSX-V
Basic Shares 44.3 million
Fully Diluted 50.7 million
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SSC: TSX-V
Basic Shares 44.3 million
Fully Diluted 50.7 million
--------------------------
Smartcool has been focused on selling into the global market and its latest contract win comes from Hawaii through ABC Stores, one of Hawaii's largest chains of retail grocery stores.
Five test locations throughout the islands have recorded impressive energy savings on each of the locations air conditioning systems, so much so that the payback on the equipment purchased from Smartcool will be realized in less than 24 months.
As a result, ABC told Smartcool it is now looking at installing Smartcool's energy saving modules in 20 more ABC Stores across the islands.Monday, 8 March, 2010
Cobalt Coal Hires Coal Mining Heavy Weights
Cobalt Coal Corp. (TSX:V CBT)
Basic Shares: 50.4 million
Fully Diluted: 57.6 million
--------------------------------
Today Cobalt Coal announced the addition of Tom Roberts and Mike Crowder to the company’s management team. The newly appointed president and vice president, respectively, of Cobalt Coal Corp Mining Ltd (a wholly owned subsidiary of Cobalt) will oversee day-to-day operations of Cobalt’s Westchester metallurgical coal mine located in West Virginia. The Westchester coal mine is set to begin production of its metallurgical coal in early Q2.
Here’s a brief background on Tom Roberts:
• He began his career in 1964, working as a Mining Engineer Assistant for the Old Ben Coal Company
• Acquired his Masters of Science in Industrial Engineering from the University of Tennessee
• Founded Cavalier Mining, which successfully produced coal for a 10-year span and mined out the remaining reserves in 1989
• Mr. Roberts also began another project in 1988 that lasted until 1990 where he successfully operated CNS Mining as a contract miner for the Blanton Coal Company in Harlan, KY
• During 2005, Mr. Roberts advised a number of management teams through all aspects of operating and improving production in the mining industry
• In 2007, Mr. Roberts, with Mr. Crowder, founded New Tech Mining Inc. The company has grown into a reputable and well-respected contract mining and mine consulting company
• In 2008, Mr. Roberts became an approved contractor for Alpha Natural Resources, Inc
And here is a brief background on Mike Chowder:
• He graduated from East Tennessee State University with a Computer Science degree
• From 1990 to 1993 he worked as a Computer Systems Manager with Beecham Laboratories and SmithKline Parmaceutical Company
• 1993 started a food distribution business and began purchasing residential rental properties for investments
• In 1995 implemented 911 Emergency Management Computer Systems and Telecommunications Management Systems for Sprint & also in 1995 he subcontracted for Rosario-Phillips Inc
• In 1999, Mr. Crowder was awarded consulting contracts with Concord EFS and EFS National Bank in Memphis
• In 2001, Mr. Crowder began working as an Independent marketing consultant for Melaleuca, Inc and built a business of over 1,000 nationwide marketing executives and customers
To read the full release, please click here
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