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Breaking News CHWM: China Wi-MAX Communications, Inc. Announces Letter of Intent With Regional Telecom Partner in China

John Pentony — Tue, 07 Sep 2010 12:59:38 +0000

China Wi-Max Communications, Inc. (OTCBB: CHWM)

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China Wi-MAX Communications, Inc. Announces Letter of Intent With Regional Telecom Partner in China

DENVER, Sept. 7, 2010 (GLOBE NEWSWIRE) — China Wi-Max Communications, Inc. (”China Wi-MAX”) (OTCBB:CHWM – News) announces the signing of a letter of intent (LOI) to acquire a majority interest in a regional Chinese basic telecom partner. This operator, with $3M USD revenue, has significant growth potential within its region and throughout China. China Wi-Max anticipates beginning due diligence this month toward a definitive agreement that will utilize up to $1.8M, of the $10M Reserve Equity Financing Agreement with AGS Capital Group (AGS), to significantly expand operations in China.

Steven Berman, President and CEO of China Wi-MAX, noted, “This example of the intended use of the AGS funding is consistent with our fundamental investment objective of creating shareholder value through our business plan which includes Internet access, backhaul services, and value added services. We believe we have a first mover advantage in China, where the Internet market is now the largest in the world with the greatest growth potential.”

About China Wi-MAX Communications, Inc.: (OTCBB:CHWM – News) is a multinational telecommunications and internet service company with plans to operate in ten cities in China which have rapidly expanding broadband communications needs by providing IP Transport, internet access, and value added internet services in China. The Company has acquired fiber assets in Beijing and Hangzhou, as well as option agreements to purchase fiber in Shanghai and has acquired licenses for 5.8 GHz wireless frequency in Beijing, Shanghai and Hangzhou. China Wi-MAX is headquartered in Denver, Colorado. It is an Over the Counter Bulletin Board Company which is dually reported on the OTCBB and OTCQB.

Safe Harbor Statement: This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results, expressed or implied, to differ materially from expected results which include among other things, product demand and market competition. Independent investigation with a full understanding if all risks before an investment decision is warranted.

China Wi-Max Communications, Inc. (OTCBB: CHWM)

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StockGuru Alert: Gold American Mining Corp. (OTCBB: SILA)

John Pentony — Thu, 02 Sep 2010 13:44:41 +0000

Gold American Mining Corp. (OTCBB: SILA)

With investors doubting the strength of the global economic recovery, gold’s status as a safe-haven investment has been restored in a big way. Gold touched an all-time in June and no metal, precious or otherwise, has seen its price target raised by analysts more than gold. In fact, the median price target for gold in 2011 recently moved to $1,500 an ounce as analysts expect investors to continue pouring cash in this asset class.

High gold prices don’t only benefit futures traders and those investors that have cash in gold funds. Gold mining companies are intimately tied to the price of gold. The equation is simple: The higher the price of gold, the better the profits are for gold miners and this sector has benefited from the gold rally. A shining example of this trend is Gold American Mining Corp. (OTCBB: SILA). Until recently, Gold American had been flying under the radar, but it seems those days are gone.