Silvore Fox Details Exploration Program on Copper/Gold Property

Silvore Fox Minerals

SFX - TSXV

Shares Outstanding – 110.52 Million

Fully Diluted – 153.15 Million

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Today, Silvore Fox Minerals announced the details of its exploration program for its 100% owned Coxheath mineral claims, near Sydney, Nova Scotia. The plan consists of a diamond drill program (specific details to be announced later), a ground magnetic & IP survey, surface trenching and a soil geochemistry survey.

Silvore Fox, president and CEO, Harold Cabrita compares SFX’s exploration program to past successes by Dr. Jingbin Wang and Dr. Zhenquan Gao - two mining veterans leading SFX’s exploration program. For Dr. Wang’s and Dr. Gao’s full bios click here.

The release also announces the increase in its claim holdings on its Coxheath property, bringing the total mineral right holdings to 9,400 acres. This move occurred because of the positive results from SFX’s technical analysis of historical data (geological mapping, extensive geophysics/geochemistry, diamond drill hole data, and more) over the past few months.

To view the full release please click here

Cobalt Coal Launches Coal Production

Cobalt Coal Corp. (TSX:V CBT)
Basic Shares: 50.4 million
Fully Diluted: 57.6 million

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Today Cobalt Coal Corp. announced it is now producing coal at its Westchester mine, located in McDowell County, West Virginia, USA. In January 2010, Alpha Natural Resources Inc. (NYSE:ANR) agreed to purchase 8,000 tons of metallurgical coal per month from Cobalt at a fixed price.

The Westchester mine produces high quality, low volatile metallurgical coal (also known as ‘coking’ coal) that is used in the production of steel.

With this important step now behind Cobalt, the company is turning its attention to “additional opportunities for expansion at Westchester and elsewhere.” The company has a very aggressive business plan, which acknowledges it is focused on the acquisition of other existing deposits of high grade metallurgical coal.

To view the full release, please click here.

Anglo Swiss Identifies Three Large Anomalies

Anglo Swiss Resources Inc.
(TSX-V: ASW) (OTCBB: ASWRF) (BERLIN: AMO)
Basic Shares 138.2 million
Fully Diluted 168 million
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The market was given a much clearer perspective on the potential of what Anglo Swiss may be sitting on with today's news concerning 3 major conductive zones at the Nelson Mining Camp.

The 3 zones were identified from a recent Aeroquest airborne survey over the newly acquired 160 square kilometer property.

-The Silver Lynx zone has conductive bodies that extend for about 6 kilometers.

-The Gold Hill zone shows a strike of just over 4 kilometers.

-The Mammoth zone has conductive bodies of 1.4 kilometers by 1 kilometer.

The drill team is on the ground in Nelson, British Columbia awaiting the paperwork from the B.C. government so that drilling can get under way. It's frustrating when everyone is ready to go and the only thing holding on work is the permit. An initial 11 hole program is planned.

In the world of exploration it is considered a win to have just 1 conductive zone such as any one of the above. Having 3 major targets substantially boosts Anglo's chances of finding a pot of gold.

Please click on the image above to expand

See full release and more detail on each of the zones here............

Silvore Fox Moving Aggressively on Nova Scotia Copper/Gold Property

Silvore Fox Minerals

SFX - TSXV

Shares Outstanding – 110.52 Million

Fully Diluted – 153.15 Million
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The Howard Group’s newest client issued a release today outlining details of its initial exploration program, set to start in June on its 100% owned copper/gold Coxheath property, near Sydney, NS.

The simple message is that things are going to start moving very quickly and that the company has considerable financial and technical backing from its large Chinese partner.

Already well advanced, the company’s technical evaluation team is cross referencing modern geochemical and geophysical surveys data with historical drilling data. The goal is to outline a focused program, which will reduce the number of drill holes required to make a discovery.

Also significant is the detailed bio information on the new Chairman of the Board – Dr. Jingbin Wang. He is a leader in the nonferrous metals field in China with over 25 years of experience. Dr. Wang is also Chairman of Sino Minerals Corp. and Chairman of Canaco Resources Inc. (CAN: TSX -V).

To view the full release, please click here

AeroMechanical's Annual Meeting/ First Quarter Results

AeroMechanical Services Ltd.
(TSX:V-AMA)
Basic Shares: 103.1 million
Fully Diluted: 117.6 million

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As ships continued to search for the missing black box on board the Air France jet that crashed into the Atlantic Ocean last summer, some key and long term AeroMechanical employees talked at AMA's annual meeting about how that event brought recognition to their company.

One of those was Kent Jacobs, a nine year employee and the first to join AMA. He is now the Director of Advanced Applications.

He told the roughly 40 people in attendance at the May 20th meeting how that horrible tragedy motivated him and others to find a fix so in the future the industry and families of the missing aren't left in the dark as to why a rare aircraft accident occured.

He was referring to AeroMechanical's ability to broadcast back to earth all the data going into a black box when an emergency occurs on an aircraft - the kind of data French authorities have spent roughly $40 million in three so-far fruitless searches to find at the bottom of the ocean.

"If we had (AMA's technology on board the Air France flight) the world would be a different place," Jacobs told shareholders. "We would know what happened." Jacobs also detailed how that technological breakthrough had thurst AMA on to the world stage and lead him to demonstrate it to Airbus and Boeing executives, as well as to biggest producer of black boxes in the world, a subsidiary of L-3 Communications.

As shareholders know, the L-3 demonstration lead to that giant U.S. company ($15.6 billion in annual revenues at the parent corporation) to form a teaming agrement that will see AMA's technology integrated with L-3 black boxes and offered to aircraft manufacturers and giant airlines around the world.

AMA President Dick Hayden reinforced Mr. Jacobs' message by adding: "In five years we may look back and say this made the company." A film crew was at the AMA annual meeting and more on Mr. Jacobs' presentation will be aired through links on the websites of both AMA and The Howard Group. Those links will be posted soon.

The day following the annual meeting, AMA's first quarter results were published.

To view those results, please click here.

Smartcool Lands Telecom Giant For $1.8 Million

Smartcool Systems Inc.
(SSC: TSX-V)
Basic Shares 44.3 million
Fully Diluted 50.7 million


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Smartcool has again proven its global reach winning yet another large contract. This time European giant Colt Telecom will spend $1.8 million with Smartcool placing its energy saving technology into twenty five of its facilities in Western Europe this year.

Colt operates in thirteen countries providing network and IT infrastructure. Smartcool's technology is expected to save Colt close to 7.5 million kilowatts on its energy bill each year resulting in a payback on investment in under two years.

Colt is committed to improving its energy efficiency in its data centers by 10% this year and Smartcool was a natural choice helping achieve this goal.

Today's announced deal with Colt combined with Smartcool's news on May 11th announcing a relationship with a new distributor in Asia show a combined revenue of $3 million. To put this into perspective these two deals alone give Smartcool more revenue than the company had throughout all of 2009.

See full news release here.......

AeroTEM Survey points Anglo Swiss to Key Gold Property

Anglo Swiss Resources Inc.
(TSX-V: ASW) (OTCBB: ASWRF) (BERLIN: AMO)
Basic Shares 138.2 million
Fully Diluted 168 million
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It was announced today that as a result of a recently completed Aeroquest AeroTEM III survey, Anglo Swiss has entered into an Option to Purchase Agreement for 100% interest in the Mammoth Copper-Gold property.

A 1,749 line km airborne survey that was completed in April identified a strong conductive zone within the Company's newly acquired claim group. This zone extends through the Mammoth Copper-Gold property to the south.

This latest acquisition expands Anglo Swiss’ Nelson Mining camp to 160 square kilometers, a substantial feat considering at this time last year the company only possessed approximately 1,000 acres of property.

The Aeroquest survey interpretation has defined three strong conductive anomalies, which the company has named the Silver Lynx, the Gold Hill and the Mammoth. Drilling is expected to start immediately upon the Company receiving its initial drill permits.


To view the full commentary, please click here.

International Water-Guard Eyes Growth Despite Lower U.S. Dollar Woes

International Water-Guard (TSX-V: IWG)
Basic Shares: 39.3 million
Fully Diluted: 46.5 million
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The dropping value of the U.S. currency against Canada's soaring Loonie played a little havoc with International Water Guard's (IWG) second quarter results but IWG remains fixed on its growth strategy of pursuing mergers and acquisitions.

IWG President and CEO, David Fox, reported a marginal drop in sales of roughly $130 thousand to $1.1 million in the second quarter (ending March 31st) compared to last year's second quarter.

But because those sales were in U.S. dollars, comparative net earnings fell over 50% to rest at $16, 330.

"Unfortunately, the weak US dollar has continued to have an impact on our bottom line in this quarter," Mr. Fox wrote in the news release before adding, "we are maintaining our initiatives towards future opportunities and growth."

Last December, IWG announced it hired Haywood Securities as an advisor to find companies IWG could merge with or acquire that will add significant value to IWG.

Mr. Fox also said that while the shifting value of the US dollar played havoc with company margins, the business outlook in the corporate and VIP aircraft industry is improving along with the improving markets here and abroad.

To read the full quarterly report news release please click here.

Carfinco Rated A Rare Top Pick 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

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Record first quarter earnings from Carfinco last week resulted in what Industrial Allaince has called a "Valuation Game Changer." Analyst Fred Westra has upped IA's rating of Carfinco to a "Top Pick" which is only given to 3% of the companies that it is covering.

Units of Carfinco now have a 12 month target price of $6.00, a great leap from the $4.50 target that was set previous to the May 6th, Q1 earnings release. IA had estimated earnings per unit in Q1 to be $0.12 while in reality the number was substantially higher at $0.15.

There is considerable detail and comment in the IA update so we'll have it speak for itself.

See IA's May 7th report here..........

Please see below a short clip of Tracy Graf President & CEO of Carfinco Income Fund.

Carfinco Announces Record Net Earnings of 15 Cents Per Unit for the First Quarter of 2010

Smartcool To Earn $9 Million With New Asian Distributor

Smartcool Systems Inc.
(SSC: TSX-V)
Basic Shares 44.3 million
Fully Diluted 50.7 million
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Smartcool has secured a new key relationship with Tegma Asia Pte. Ltd. which will exclusively distribute the company's green technologies throughout select Asia Pacific markets including Hong Kong, Singapore, Malaysia, Thailand and Indonesia.

This is an important step for Smartcool, which has been building its global distribution market. Tegma is a big player which has agreed to purchase a minimum of $9 million from Smartcool over the next five years. A minimum of $1.2 million of that number will be in the coffers this year.

Tegma estimates that its present customer base within the exclusive territories under contract with Smartcool is $30 million. In addition, Tegma is of the opinion that there is much more room for expansion into other lucrative Asian markets such as the Telecom sector.

Stay tuned for further information on Tegma as well as its parent company OMG Asia, which is the largest retail marketing service company in Asia. We will be providing commentary on marketing and sales plans for the region and a future interview with the owner and President of OMG.

Click here to read the full news release.......................

Litigation Cloud Clears For Anglo Swiss

Anglo Swiss Resources Inc.
(TSX-V: ASW) (OTCBB: ASWRF) (BERLIN: AMO)
Basic Shares 138.2 million
Fully Diluted 168 million
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Investors all will agree that the market hates doubt. Litigation brought forward against Anglo Swiss from a past joint venture partner from 2002 has been put to rest. The market will appreciate the finality in the dismissal of this lawsuit.

With this litigation eliminated, the only question remaining is how quickly can the company prove up a large gold resource through exploration expected to start this month.

See full news release...............

Carfinco Delivers Turbo Charged Q1 Earnings

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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Carfinco Income Fund is firing on all 12 cylinders as is evident with today’s news that first quarter earnings set another record.

The speciality auto finance fund posted earnings of $3.6 million, which is far above the previous record of $2.6 million set in the last quarter of 2009. At $0.15 earnings per unit in Q1, Carfinco is now on an annualized rate of $0.60 earnings per unit. The May 5th closing price of the units was $3.94.

The record breaking trend has continued over the last four quarters.

Highlights of today’s news include:

• Net Earnings for the quarter were $3.6 million, up 365.1% from the $0.8 million for the first quarter of 2009.
• Total distributions to Unit-holders for the quarter were 9.5 cents per unit, a payout of 57.9% of the 15 cents earnings per unit.
• Loan originations were $21.5 million, a 40.0% increase from the first quarter of 2009.
• Finance receivables increased by 4.1% or 16.4% annualized, to $117.8 million from the end of 2009.
• Debt to Equity ratio was 2.69:1 (well under the bank covenant maximum of 3.75:1).
• Delinquent accounts in excess of 31 days improved dramatically by almost 43% to 4.2% from 7.0% at the end of the first quarter of 2009.

It is worth noting that distributable cash for Q1 amounted to just over $3.2 million or $0.135 per unit but the fund has distributed 70% of that amount being $0.095 per unit. As such, the fund has considerable latitude going forward.

Tracy Graf, CEO of Carfinco can be seen in a short video clip discussing today’s news by clicking here.....

See full news release here.......

We Wish All the Best for NXT Energy Solutions

NXT Energy Solutions Inc.
TSX-V:SFD/OTCBB:NSFDF/Frankfurt EFW
Basic Shares - 30.6 million
Fully diluted - 42.7 million

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On October 16, 2008, we announced NXT Energy Solutions as our latest client. When we started working with this company it was an unknown story in the Canadian investment community (outside of Calgary) and the big appeal was and still is the potential of its proprietary Stress Field Detection (SFDTM) technology. At that time NXT was knocking down contracts with companies, such as Pengrowth Income Trust and Black Goose. As the financial markets began to collapse in 2009, so did oil and gas exploration in Canada. Budgets with money set aside for exploration were slashed; financings for exploration programs dried up and along with it, so did NXT’s business.

Recognizing the need for a change, NXT proactively shifted its focus to Colombia in the beginning of 2009. The company saw tremendous opportunity for its technology within the region and knew that sizable oil and gas companies were committed to large scale frontier exploration programs. Within just a few months of entering the Colombian market, the company secured its first contract with Pacific Rubiales for $2.3 million (USD).

This was followed up over the next year by two other contracts in Colombia, with Hocol and another major player in the region. These SFDTM survey contracts equated to nearly $4 million in revenue. While the company enjoyed early success in Colombia, what the market is looking for is a consistent and steady flow of contracts to satisfy its appetite for a blue sky valuation for this company.

As current shareholders of NXT Energy Solutions and believers in the potential of its technology, we will continue to follow this company and wish George, Ken and the rest of the management team all the best.