Marani Brands CEO Discusses Mega Domestic Distribution Demand and First Container Shipment With Donald Baillargeon of MoneyTV

SOURCE: Marani Brands Inc.


TUSTIN, CA, via eTeligis, 1/31/2014 10:34:00 AM

Marani Brands CEO Discusses Mega Domestic Distribution Demand and First Container Shipment With Donald Baillargeon of MoneyTV

TUSTIN, CA– via eTeligis – Marani Brands Inc.’s (OTC Pink: MRIB) CEO, Margrit Eyraud, covers distribution of Marani Vodka Spirit across 8 states along with first container being shipped to California due to demand. Donald Baillargeon asked Margrit key questions on contracts and press that have been questioned by shareholders.

Meet CEO of Zodiac Brands, Inc. Santiago Ramos. Studio visit with Donald Baillargeon and Margrit Eyraud. Visit full segment athttp://youtu.be/o3uzkyFQCyc.

For more information on Marani Brands: http://www.maranispirit.com

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Contact:
Marani Brands, Inc.
(800) 734-9619
info

SOURCE: Marani Brands, Inc.

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Marani Brands CEO Discusses Mega Domestic Distribution Demand and First Container Shipment With Donald Baillargeon of MoneyTV

SOURCE: Marani Brands Inc.


TUSTIN, CA, via eTeligis, 1/31/2014 10:34:00 AM

Marani Brands CEO Discusses Mega Domestic Distribution Demand and First Container Shipment With Donald Baillargeon of MoneyTV

TUSTIN, CA– via eTeligis – Marani Brands Inc.’s (OTC Pink: MRIB) CEO, Margrit Eyraud, covers distribution of Marani Vodka Spirit across 8 states along with first container being shipped to California due to demand. Donald Baillargeon asked Margrit key questions on contracts and press that have been questioned by shareholders.

Meet CEO of Zodiac Brands, Inc. Santiago Ramos. Studio visit with Donald Baillargeon and Margrit Eyraud. Visit full segment athttp://youtu.be/o3uzkyFQCyc.

For more information on Marani Brands: http://www.maranispirit.com

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Contact:
Marani Brands, Inc.
(800) 734-9619
info

SOURCE: Marani Brands, Inc.

GMUI Acquires Bullfrog Mine in Beatty County Nevada

SOURCE: Gold Mining USA Inc.


SACRAMENTO, CA, via eTeligis, 1/31/2014 9:44:00 AM

GMUI Acquires Bullfrog Mine in Beatty County Nevada

SACRAMENTO, CA – via eTeligis – Gold Mining USA Inc. (OTC Pink: GMUI) – The Company had announced the acquisition of Bullfrog Mine in August 2013. With our goal of acquiring five mines by the end of 2013, the company has achieved more with Preacher Mine holding 10 mine claims. The Bullfrog Mine is a 40 acre patented mill site in Beatty County Nevada. Nestled in the Bullfrog Hills, the site is 120 miles northwest of Las Vegas and close to the famous Barrick Bullfrog open pit mine. Key co-ordinates are T12S R46E Sec.9 N1/2 SW1/4 NE1/4 M.D.M.

President Maurice Byrne states, "The Geo tech team that have been assigned to validate and substantiate all the critical factors in acquiring new properties have found all the current and historical data match our key acquisition requirements. The property rests in a strategic location with full access to water, power, sewer, paved road and amenities. More importantly, we have identified a preponderance of ore deposit reserves and unique rare earths."

VP Brian Jenkins says "ALS Global have identified various tests and analytical reports that have allowed our geologists to begin a comprehensive feasibility study and start preparing the NI 43-101 disclosure statement. We have also purchased brand new surveying equipment that is of the highest known technology to ascertain our mineral reserves at a much faster rate than we have ever had access to in the past."

Land Holdings: 3 federal lode claims, 5 major past producing mines, and several gold prospects. Barrack produced just less than 3 million ounces of gold until operations ceased in 1995 … since the closure there have been a large number of gold exploration projects in the Bullfrog mining district.

At the peak of the construction phase, the mine employed 540 workers. To accommodate them, Beatty added mobile home parks and a temporary camp housing 300 people. As a consequence, the town’s population rose from about 1,000 in 1980 to between 1,500 and 2,000 by the end of 1990.

Forward Looking Statements

This news release contains forward-looking statements made by Gold Mining USA, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.

For more information on this and other company developments:
www.gmuiinc.com
info
209-386-7753

SOURCE: Gold Mining USA Inc.

Peapack-Gladstone Financial Corporation Reports Another Solid Quarter of Accomplishment

SOURCE: Peapack-Gladstone Financial Corporation


BEDMINSTER, NJ, via eTeligis, 1/30/2014 4:32:00 PM

Peapack-Gladstone Financial Corporation Reports Another Solid Quarter of Accomplishment

BEDMINSTER, NJ – via eTeligis – Peapack Gladstone Financial Corporation (NASDAQ: PGC) (the "Corporation" or the "Company") recorded net income of $2.40 million and diluted earnings per share of $0.25 for the quarter ended December 31, 2013.

Doug Kennedy, President and CEO, said, "We had another solid quarter of accomplishment, including achieving several new records."

– We continued to implement and follow through on our Strategic Plan — "Expanding Our Reach." The Plan focuses on the client experience and aggressively building and maintaining a private banking platform.

– In support of the growth associated with the Plan, we successfully raised $42 million (gross) of common equity in a rights offering and sale to standby investors that closed on December 12, 2013. Over 52 percent of the offering was subscribed by existing shareholders. The remainder was purchased by nine pre-arranged standby investors, the majority of which were new institutional shareholders in the Company.

– Total end of year loan balances reached another record level for the Company — $1.57 billion. This level reflected an increase of $442 million or 39 percent from the balance at December 31, 2012, and included an increase of $177 million in the fourth quarter of 2013.

– Total deposits also reached another record level. The end of year balance of $1.65 billion reflected an increase of $131 million or nearly nine percent from the balance at December 31, 2012, and included an increase of $75 million in the fourth quarter of 2013.

– The Company’s net interest income for the December 2013 quarter reached another quarterly record level — $14.53 million. This level reflected improvement when compared to $12.76 million for the December 2012 quarter, and also reflected improvement when compared to $13.37 million for the immediately preceding September 2013 quarter.

– At December 31, 2013, the market value of assets under administration at the Bank’s Wealth Management Division of $2.69 billion was also another record for the Company. This level reflected an increase of 17 percent from the balance at December 31, 2012.

– Fee income from Peapack-Gladstone Bank’s Wealth Management Division of $3.55 million for the December 2013 quarter reflected growth of over 21 percent when compared to the $2.93 million for the December 2012 quarter.

– Total revenue (net interest income plus other income) of $19.50 million for the December 2013 quarter reflected improvement when compared to prior quarters in 2013.

– Trends in asset quality continue to demonstrate strong improvement when compared to prior periods. For example, nonperforming assets declined in both dollars and as a percentage of assets, to just 0.44 percent of total assets as of December 31, 2013, compared to 0.91 percent of total assets as of December 31, 2012.

– The book value per share at December 31, 2013 of $14.79 reflected improvement when compared to $14.12 at September 30, 2013 and $13.87 at December 31, 2012.

– Capital ratios were benefitted by the December 2013 capital raise and were improved and very strong as of December 31, 2013, even with nearly $300 million growth in assets for the year, as well as migration of lower risk weighted investment security cash flows into loans.

The $3.53 million pre-tax income, $2.40 million net income and $0.25 fully diluted earnings per share for the December 2013 quarter were negatively impacted by a $204 thousand ($128 thousand net of tax) search fee related to the new head of Wealth Management and also $602 thousand ($378 thousand net of tax) of accelerated depreciation expense related to the closing of our Operations Center and consolidation of the staff into our Administration building and equipment to an off-premises third party location.

Mr. Kennedy noted, "As we previously announced, John Babcock will join the Company, effective March 10, 2014, as the head of private wealth management. John is a proven leader in the wealth management space and will be a tremendous asset to the Company as we continue to execute our strategy."

Finn Caspersen Jr., Senior Executive Vice President and Chief Operating Officer of the Company, commented, "We are pleased to now have all of our operations support staff consolidated into our Administration building and our core operating system equipment located at an off-premises third party location. These moves have created operating efficiencies; reduced risk from a disaster preparedness perspective; and created a savings relative to ongoing premises and equipment expenses."

Net Interest Income and Margin
Net interest income was $14.53 million for the fourth quarter of 2013, reflecting an increase of $1.77 million from the same quarter last year. The net interest margin, on a fully tax-equivalent basis, was 3.26 percent for the December 2013 quarter compared to 3.42 percent for the December 2012 quarter.

Net interest income for the current 2013 quarter benefitted from significant loan growth during 2013, principally multifamily and commercial mortgage, funded by deposits, borrowings, and a decline in lower yielding investment securities and interest earning cash balances.

Net interest margin for the December 2013 quarter declined when compared to the December 2012 quarter due to the effect of low market yields, which compressed asset yields more than deposit costs. The 3.26 percent net interest margin for the December 2013 quarter showed only minor compression when compared to the 3.28 percent for the immediately preceding September 2013 quarter.

Average Loans/Loan Originations
For the fourth quarter of 2013, average loans totaled $1.49 billion as compared to $1.13 billion for the same quarter in 2012, reflecting an increase of $366 million, or 33 percent. The average commercial mortgage and commercial loan portfolio for the quarter ended December 2013 increased $358 million, or 68 percent, from the same quarter of 2012. The increase was attributable to a more concerted focus on this type of business in both the New Jersey and New York City markets, as well as demand from high-quality borrowers looking to refinance multifamily and other commercial mortgages held by other institutions.

Total loan originations were $243 million for the fourth quarter of 2013, up significantly from $116 million for the same quarter of 2012. Loan originations were $779 million for the twelve months ended December 31, 2013, also up significantly from $397 million for the same twelve month period of 2012. Included in the total were commercial mortgage (principally multifamily) / commercial loan originations of $551 million and $202 million for the twelve months and three months ended December 31, 2013, respectively, compared to $150 million and $55 million for the 2012 periods, respectively.

Mr. Kennedy said, "We are focused on generating solid lending growth, and we have been successful. As part of our Strategic Plan, we introduced a comprehensive Commercial & Industrial (C&I) lending program and we have closed $97 million of volume for the year. We expect such volume to continue to increase in future periods. Further, our multifamily and commercial real estate lenders have generated significant closed volume and continue to maintain very robust pipelines."

Average Deposits
For the December 2013 quarter, average total deposits (interest-bearing and noninterest-bearing) increased $216 million or 15 percent when compared to the same quarter last year. Over that same period, the Company saw growth in each of its deposit categories, except certificates of deposit. For the fourth quarter of 2013, average certificates of deposit (CDs) declined $23 million from the same 2012 quarter. These higher-cost CDs were replaced with lower-cost, more stable core deposits.

Wiand Guerra King Launches Alternative Dispute Resolution Practice

SOURCE: Wiand Guerra King PL


TAMPA, FL, via eTeligis, 1/30/2014 11:54:00 AM

Wiand Guerra King Launches Alternative Dispute Resolution Practice

TAMPA, FL – – via eTeligis – Wiand Guerra King, P.L. announces the launch of WGK-ADR, a dispute resolution practice focused on complex litigation matters. This unique offering provides mediation and private arbitrations of complex disputes. WGK-ADR also assists with mock arbitrations or other case evaluation services desired by businesses and individuals.

http://media.marketwire.com/attachments/201401/220159_WiandGuerraKing1-30-14Image.jpg

The principals of WGK-ADR, W. Donald Cox, W. Reece Bader and Burton W. Wiand, collectively have over 120 years of hands-on experience litigating and resolving complex business disputes. The principals of WGK-ADR are dedicated to the concept that private resolution of disputes is efficient, economical and beneficial for the parties and the judicial system. These legal professionals have throughout their careers engaged in resolving the most complicated and complex of business disputes.

Reece Bader recently joined WGK-ADR after 45 years of litigation practice with Orrick Herrington and Sutcliffe LLP ("Orrick"). At Orrick his internationally renowned legal practice focused on securities class actions, shareholder derivative actions, broker-dealer litigation, SEC and SRO investigations, disciplinary and enforcement proceedings and counseling, commodities litigation, environmental litigation and counseling and employment and corporate disputes. His notable experience includes substantial jury and non-jury trials, as well as arbitrations and administrative hearings before the SEC, NYSE, FINRA, AMEX and NFA. Bader received his B.A. from Williams College in 1963 and his J.D. from Duke Law School where he was editor of the Duke Law Journal. He clerked with the Honorable Warren E. Burger, U.S. Court of Appeals, D.C. Circuit, from 1966-1968. He has served in leadership roles with both the ABA and SIFMA. His scholarship and publications demonstrate that he is a recognized authority with respect to arbitrations and dispute resolution.

The second principal of WGK-ADR, Don Cox is also a nationally recognized commercial litigation lawyer. After receiving his undergraduate degree from Duke University and his legal training at the University of Virginia, Cox joined Fowler White Boggs where he practiced for 47 years, serving as both General Counsel and Head of Litigation for the firm. In the fall of 2013 Cox left Fowler White to continue his litigation practice with Wiand Guerra King. He will also serve as a principal of WGK-ADR.

During his long career, Cox has advised clients in Florida and nationwide in a broad variety of commercial litigation, regulatory, administrative, and appellate matters. He has extensive jury and non-jury trial experience in federal and state court, as well as before federal and state agencies in administrative proceedings. Cox has advised clients include insurance litigation and regulatory matters, securities and financial services litigation and arbitration, complex commercial litigation, class actions, professional liability, products liability, government investigations and internal investigations.

Cox served as a member of the Securities Litigation Committee for the Litigation Section of the American Bar Association, and was appointed by the United States District Court for the Southern District of New York to serve on the Steering Committee for the Distribution of the Michael Milken Settlement Fund. He has served on the Judicial Nominating Procedures Committee of The Florida Bar. Don is Board Certified by The Florida Bar in both Business Litigation Law and Civil Trial Law and certified by The Florida Supreme Court as a Circuit Civil Mediator. Don is AV Preeminent Peer Review Rated by Martindale-Hubbell and was recognized by Chambers as a leading insurance lawyer in Florida (2004-2013).

The third principal of WGK-ADR, Burt Wiand, the Chairman of Wiand Guerra King, also has a long history of complex litigation. His career began as a litigator with the Securities and Exchange Commission where he served in the Division of Enforcement for almost 14 years. Thereafter he entered private practice in Florida and developed a financial services practice with a national reputation with what was one of Florida’s largest and most prestigious law firms. He has litigated cases at the trial and appellate level throughout Florida and the United States. He has also represented clients in hundreds of arbitration proceedings.

In 2009, with other colleagues he founded Wiand Guerra King. He is a mediator certified by the Supreme Court of Florida. Most recently, Wiand has served as Receiver appointed by the United States District Court to resolve the $400 million Ponzi scheme of Arthur Nadel.

The shareholders of Wiand Guerra King believe that the launch of WGK-ADR is particularly timely as ADR procedures have become almost universal in resolving disputes in the State of Florida and the benefits of mediation and arbitration are being accepted nationally, even in those jurisdictions that have been slow to mandate those procedures.

Wiand, Chairman of Wiand Guerra King, stated, "The ability to offer the skills and knowledge of professionals like Reece Bader and Don Cox to provide ADR services made our firm’s decision to launch WGK-ADR compelling."

More information regarding WGK-ADR and its principals is available at www.wiandlaw.com or contact any of the principals of WGK-ADR at 813-347-5100.

ABOUT WIAND GUERRA KING
The law firm of Wiand Guerra King was formed in 2009 with ten lawyers. The firm has grown by 70% since then, and its current seventeen professionals regularly handle complex commercial litigation and arbitration. The firm also handles white collar and regulatory investigations and enforcement matters involving securities, trade practices, Foreign Corrupt Practices Act and insurance matters. In its first year, Wiand Guerra King was recognized as a Top Tier firm by U.S News & World Report’s Best Law Firms in America. The founding members, with over 100 years of collective experience, have been recognized nationally and locally as among the top lawyers in Florida and the United States.

Contact:
Burton W. Wiand, Esq.
WIAND GUERRA KING P.L.
(813) 347-5101
bwiand

SOURCE: Wiand Guerra King