Saturday, August 20, 2011

U.S. Bancorp Asset Management, Inc. Announces Financial Positions for Closed-End Funds


MINNEAPOLIS -- U.S. Bancorp Asset Management, Inc. today announced the financial positions for the following closed-end funds for the month ended July 31, 2011.


U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp (NYSE:USB), the fifth-largest commercial bank in the United States, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.Each closed-end fund will provide a notice, as required by Section 19(a) of the Investment Company Act of 1940, as amended, for any distribution that does not consist solely of net investment income. Any such notice will provide information regarding the estimated amounts of the distribution derived from net investment income, net realized capital gains and return of capital. Such notices will be for informational purposes only and the amounts indicated in such notices likely will differ from the ultimate federal income tax characterization of distributions reported to shareholders on Form 1099-DIV after year end.XAA, MXA and MXN distributions are payable in cash or, pursuant to the funds’ dividend reinvestment plans, reinvested in additional shares of the funds’ common stock. Under each fund’s plan, fund shares will be purchased on the exchange on which the fund is listed or elsewhere on the open market.Each fund listed above will provide a notice, as required by Section 19(a) of the Investment Company Act of 1940, as amended, for any distribution that does not consist solely of net investment income. Any such notice will provide information regarding the estimated amounts of the distribution derived from net investment income, net realized capital gains and return of capital. Such notices will be for informational purposes only and the amounts indicated in such notices likely will differ from the ultimate federal income tax characterization of distributions reported to shareholders on Form 1099-DIV after year end.Investment products, including shares of closed-end funds, are not obligations of, or guaranteed by, any bank, including U.S. Bank National Association or any U.S. Bancorp affiliate, nor are they insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency. An investment in such products involves investment risk, including possible loss of principal.ASP, BSP, CSP and SLA distributions were declared pursuant to a level distribution policy adopted by the Board of Directors. Under this policy, ASP, BSP, CSP and SLA currently anticipate paying fixed monthly distributions to shareholders in the amounts set forth in the table above. It is expected that distributions under the level distribution policy will consist primarily of net investment income and a return of capital to shareholders, although the exact tax characteristics of the funds’ distributions in any fiscal year will not be known until after the end of that fiscal year. A return of capital represents a return of a shareholder’s original investment in a fund’s shares, and should not be confused with a dividend yield. The level distribution policy is subject to suspension, revision or termination at any time without notice to shareholders. The distributions are payable in cash or, pursuant to the funds’ dividend reinvestment plans, reinvested in additional shares of the funds’ common stock. Under each fund’s plan, fund shares will be purchased on the open market when the price of the fund’s shares on the New York Stock Exchange plus per share fees is less than a 5% premium over the fund’s most recently calculated net asset value per share. If, at the close of business on the dividend payment date, the shares purchased in the open market are insufficient to satisfy the dividend reinvestment requirement, payment of the dividend, or the remaining portion, will be accepted in authorized but unissued shares of the fund. These shares will be issued at a per-share price equal to the higher of (a) the net asset value per share as of the close of business on the payment date or (b) 95% of the closing market price per share on the payment date.Minneapolis-based U.S. Bancorp Asset Management, Inc. serves as investment advisor to the First American Closed-end Funds. A subsidiary of U.S. Bank National Association, U.S. Bancorp Asset Management focuses on providing investment management services to institutional clients, including corporations, public entities and nonprofits. It has combined assets under management of more than $49 billion as of July 31, 2011. First American Closed-end Funds are subadvised by Nuveen Fund Advisors, Inc. and Nuveen Asset Management, LLC.Minneapolis-based U.S. Bancorp Asset Management, Inc. serves as investment advisor to the First American Closed-end Funds. A subsidiary of U.S. Bank National Association, U.S. Bancorp Asset Management focuses on providing investment management services to institutional clients, including corporations, public entities and nonprofits. It has combined assets under management of more than $49 billion as of July 31, 2011. First American Closed-end Funds are subadvised by Nuveen Fund Advisors, Inc. and Nuveen Asset Management, LLC.

U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp (NYSE:USB), the fifth-largest commercial bank in the United States, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.




U.S. Bancorp Asset Management, Inc. Announces September Distributions for Closed-End Funds


MINNEAPOLIS -- The closed-end funds listed below, which are advised by U.S. Bancorp Asset Management, Inc., today declared their September distributions. The distributions will be allocated on a per-share basis on the common stock. The distributions have a September 1, 2011, ex-dividend date and will be paid on September 21, 2011, to shareholders of record on September 6, 2011.


XAA, MXA and MXN distributions are payable in cash or, pursuant to the funds’ dividend reinvestment plans, reinvested in additional shares of the funds’ common stock. Under each fund’s plan, fund shares will be purchased on the exchange on which the fund is listed or elsewhere on the open market.Investment products, including shares of closed-end funds, are not obligations of, or guaranteed by, any bank, including U.S. Bank or any U.S. Bancorp affiliate, nor are they insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency. An investment in such products involves investment risk, including possible loss of principal.(c) The distribution includes an estimated $0.0388 from net investment income and $0.0412 return of capital.U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp, the fifth-largest commercial bank in the United States, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.(d) The distribution includes an estimated $0.0667 from net investment income and $0.0223 return of capital.[Table Omitted]The aforementioned financial data is unaudited. It has, however, been obtained from sources deemed reliable.(b) The distribution includes an estimated $0.0500 from net investment income and $0.0338 return of capital.[Table Omitted](a) The distribution includes an estimated $0.0661 from net investment income and $0.0318 return of capital.ASP, BSP, CSP and SLA distributions were declared pursuant to a level distribution policy adopted by the Board of Directors. Under this policy, ASP, BSP, CSP and SLA currently anticipate paying fixed monthly distributions to shareholders in the amounts set forth in the table above. It is expected that distributions under the level distribution policy will consist primarily of net investment income and a return of capital to shareholders, although the exact tax characteristics of the funds’ distributions in any fiscal year will not be known until after the end of that fiscal year. A return of capital represents a return of a shareholder’s original investment in a fund’s shares, and should not be confused with a dividend yield. The level distribution policy is subject to suspension, revision or termination at any time without notice to shareholders. The distributions are payable in cash or, pursuant to the funds’ dividend reinvestment plans, reinvested in additional shares of the funds’ common stock. Under each fund’s plan, fund shares will be purchased on the open market when the price of the fund’s shares on the New York Stock Exchange plus per share fees is less than a 5% premium over the fund’s most recently calculated net asset value per share. If, at the close of business on the dividend payment date, the shares purchased in the open market are insufficient to satisfy the dividend reinvestment requirement, payment of the dividend, or the remaining portion, will be accepted in authorized but unissued shares of the fund. These shares will be issued at a per-share price equal to the higher of (a) the net asset value per share as of the close of business on the payment date or (b) 95% of the closing market price per share on the payment date.

U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp, the fifth-largest commercial bank in the United States, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.




Friday, August 19, 2011

Antique End Tables � A Fabulous Finishing Choice For Your Space


Having a distinguished looking space is essential if you want to give the impression that you know how to decorate. For that reason, you need to have all the finishing touches in place and one great option or antique end tables. They are a fantastic choice for placing in any room throughout your home.


A great way to check out all the antique end tables, or the other options, that you could purchase for your space is by going on the Internet. Once online, doing your comparison shopping is a breeze since you just have to click through all the different online stores and their products. When you do select what you want, it will even be shipped right to your home. Basically, shopping has never been easier since you don�t even have to step outside of your home to do it.If you�re not feeling the antique end tables, but are still interested in purchasing something like it for your home, don�t worry. There are many other end table style options to choose from. For instance, you can get ones that have a modern feel with sleek lines made from either wood or metal and glass. Or, you can go with others that are more on the traditional side that are plain and simple, yet very, very pleasing to the eye. And, there are even ones that combine styles, creating beautiful transitional options that would be a nice complement to any type of d�cor.So, if you want your space to have a look that says, yes, I know what I�m doing when it comes to decorating my home. Then, you need to go with furnishings that have character and an eye-catching look, which is exactly what lovely antique end tables offer. Purchase yours today so you can enjoy their breathtaking appearance tomorrow.What makes antique end tables such a wonderful furniture selection is their fabulous appearance, which is the result of the many materials that they can be crafted from, the gorgeous finishes that they have, and their eloquent styling. For example, you can get one that is crafted out of rich mahogany that has a beautiful faux finished and features lavish hand carved accents. Or, you can get one that is made out of a combination of metal and glass with an oil rubbed bronze finished metal base that has scrolling legs and ornamentation, which supports a beveled glass table top.

So, if you want your space to have a look that says, yes, I know what I�m doing when it comes to decorating my home. Then, you need to go with furnishings that have character and an eye-catching look, which is exactly what lovely antique end tables offer. Purchase yours today so you can enjoy their breathtaking appearance tomorrow.




Author: Jesse Akre


ScanSource Achieves Record Annual Revenues and Earnings


Excellent results realized in AIDC, Communications and Security Products


For the year ended June 30, 2011, net sales increased $552 million or 26.1% to $2.7 billion, from the prior year ended June 30, 2010. Fiscal year operating income also increased 49.3% to $113.1 million from $75.8 million from the prior year. Net income increased 50.6% to $73.5 million compared to $48.8 million from the prior fiscal year. The effective tax rate for the year was 34.3% compared to 35.6% for the prior fiscal year. Diluted earnings per share increased 48.4% to $2.70 compared to $1.82 in the prior fiscal year.Allianz Global Investors Fund Management LLC ("AGIFM"), an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Fund's investment manager and is a member of Munich-based Allianz Group. Pacific Investment Management Company LLC, an AGIFM affiliate, serves as the Fund's sub-adviser.ScanSource, Inc. (NASDAQ:SCSC) is the leading international distributor of specialty technology products, consisting of seven sales units in North America, Latin America and Europe. ScanSource POS and Barcoding in North America, Latin America and Europe delivers AIDC and POS solutions; Catalyst Telecom in the U.S. and ScanSource Communications in North America and Europe, provide voice, video and converged communications equipment; and ScanSource Security in North America offers physical security solutions. Founded in 1992, the company ranks #839 on the Fortune 1000. For more information, call the toll-free sales telephone number at 800.944.2432 or visit www.scansourceinc.com.[Table Omitted]“ScanSource delivered record results in a tough economy by focusing on our core competencies and taking market share,” said Mike Baur, CEO, ScanSource, Inc. “All of our business units performed exceptionally well, with the strongest year-over-year growth in our International segment.”The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to what is reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. There can be no assurance that the Fund will meet its stated objective. The Fund's ability to pay dividends to common shareholders is subject to the restrictions in its registration statements, By-laws and other governing documents as well as the Investment Company Act of 1940. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.The Company announced its revenue forecast for the first quarter of fiscal 2012. ScanSource expects that net revenues for the quarter ending September 30, 2011 could range from $730 million to $750 million.(b) Since the Fund’s net earning rates fluctuate from month to month, there will be periods when the Fund may over-earn or under-earn its monthly dividend rate. This fluctuation will have the effect of adding to or subtracting from the Fund's undistributed net investment income balance. Fund management analyzes the current and projected net earning rates prior to recommending dividend amounts to the Fund's Board of Trustees for declaration. There can be no assurance that the monthly dividend rate will remain at its current level or that the undistributed net investment income balance will be sufficient to cover any shortfall in earnings to meet the current dividend rate.This press release contains comments that are “forward looking” statements that involve risks and uncertainties; these statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Any number of important factors could cause actual results to differ materially from anticipated or forecasted results, including, but not limited to, factors affecting our expanded operations in emerging markets, such as Brazil, that expose us to greater political and economic volatility than our operations in established markets, the results of purchase accounting, macroeconomic circumstances that could impact our business, such as currency fluctuations, continued adverse capital and credit market conditions and a continued economic downturn. For more information concerning factors that could cause actual results to differ from anticipated results, see the Company’s annual report on Form 10-K for the year ended June 30, 2010 filed with, and the Company’s annual report on Form 10-K for the year ended June 30, 2011 to be filed with, the Securities and Exchange Commission.For the quarter ended June 30, 2011, net sales increased 26.2% to $734.9 million compared to $582.3 million for the quarter ended June 30, 2010. Operating income increased by 39.4% to $29.2 million from $21.0 million in the comparable prior year quarter. Net income increased 39.9% to $19.7 million for the quarter ended June 30, 2011 versus $14.0 million for the quarter ended June 30, 2010. The effective tax rate for the quarter decreased to 31.7% in the current quarter from 33.1% in the prior year quarter. Diluted earnings per share increased 36.5% to $0.71 in the current quarter compared to $0.52 in the prior year quarter.

ScanSource, Inc. (NASDAQ:SCSC) is the leading international distributor of specialty technology products, consisting of seven sales units in North America, Latin America and Europe. ScanSource POS and Barcoding in North America, Latin America and Europe delivers AIDC and POS solutions; Catalyst Telecom in the U.S. and ScanSource Communications in North America and Europe, provide voice, video and converged communications equipment; and ScanSource Security in North America offers physical security solutions. Founded in 1992, the company ranks #839 on the Fortune 1000. For more information, call the toll-free sales telephone number at 800.944.2432 or visit www.scansourceinc.com.




PIMCO Municipal Income Fund III Reports Results for the Fiscal Quarter and Nine Months Ended June 30, 2011


NEW YORK -- PIMCO Municipal Income Fund III (the "Fund") (NYSE: PMX), a closed-end management investment company which seeks to provide current income exempt from federal income tax, today announced its results for the fiscal quarter and nine months ended June 30, 2011.


(a) Net assets are inclusive of Preferred Shares of $189 million.GREENVILLE, S.C. -- ScanSource, Inc. (NASDAQ:SCSC), the leading international distributor of AIDC (automatic identification and data capture), point of sale, communications, and physical security products for the reseller market, today announced complete financial results for its fourth quarter and fiscal year ended June 30, 2011.[Table Omitted]The Fund's daily New York Stock Exchange closing price, net asset value per share, as well as other information, is available at http://www.allianzinvestors.com/closedendfunds or by calling the Fund's shareholder servicing agent at (800) 254-5197.Safe Harbor Statement

The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to what is reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. There can be no assurance that the Fund will meet its stated objective. The Fund's ability to pay dividends to common shareholders is subject to the restrictions in its registration statements, By-laws and other governing documents as well as the Investment Company Act of 1940. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.




Putting The "Living" Into Your Living Room Furniture


What kind of room is your living room? Is it that kind of room with all of the fancy furniture and accessories, possibly antiques or family heirlooms, where no one dares to enter, that is meant for "company"? Or is your home's living room the place that might be considered the family room, the place where everyone gathers, family and friends alike, to watch television, play games, entertain, talk, or just relax? Whatever the purpose of the living room is in your home, the living room furniture and accessories is a necessary (and often expensive) component in setting a certain preferred mood or theme, and should be representative of you and your family's personality.


Financial
  • Revenue of US$ 78.7 m (versus US$ 59.6 m in 2010) an increase of 132 percent with realised gold price up significantly to US$ 1,347 (versus US$ 1,065 in 2010).

  • Contribution Margin of US$ 34.8 m increased 174 percent compared to US$ 12.7 m in 2010.

  • After tax profit of US$ 15.9 m (versus US$ 1.4 m in 2010), after exploration write-off before tax of US$ 6.9 m.

  • Cash flow from operations increased 230 percent to US$ 29.7 m when compared to US$ 9.0 m in 2010.

  • Cash balance at period end of US$ 14.2 m (versus US$ 8.7 m in 2010).

Exploration and development

  • Definition of new measured and indicated resource for Sobresaliente of 2,097,000 tonnes at 1.05 g/t for 71,000 ounces. Probable reserves are 652,000 tonnes at 1.11 g/t for 23,300 ounces.

  • Definition of a new measured and indicated resource for Crucera of 237,000 tonnes at 4.05 g/t for 31,000 ounces and probable reserves of 148,000 at 4.64 g/t for 22,000 oz. Proven and probable reserves of 6,826,000 tonnes at 1.55 g/t for 339,329 ounces support a mine life of 5 years.

  • Initial metallurgical test work at Pantanillo performed – overall recovery for oxide and mixed ores was 68 percent gold recovery with 77 percent recovery for oxide ores.

  • 4,500m RC drill programme completed on Anillo with results expected by end September 2011

  • Entered into an agreement to acquire 100 percent interest in Talca gold property (“Talca”), with exploration work commenced and 7,500 meter drill programme expected to start in October 2011.

Production and costs

Gold production for the 2011 financial year was 55,817 ounces compared to last year´s production, of 56,050 ounces. This production level is in line with expectations of 55,000 ounces. During the year 1,535,467 tonnes of ore were milled (2010: 1,531,476 tonnes) at an average grade of 1.22 g/t Au (2010: 1.22 g/t) with a recovery of 93.4% (2010: 93.4%).In December 2010 the Board approved the Arenal Deeps Project. This has become the first mechanized underground mine in Uruguay. The initial permitting to commence development was granted by the Uruguayan Mines Department and portal excavation started in March 2011. In the period to May 2011, the ramp advanced 417 meters and reached the first level. Complete permitting for underground production should be granted by September 2011 when development in ore is anticipated to start. Production from stoping is expected to commence in the 2nd quarter of 2012 financial year.Financial PerformanceOperating and Financial SummaryNo living room furniture setting is complete today without the entertainment center. It provides a place to store all of your home entertainment equipment, including the television, stereo, game systems, VCR, DVD player, and speakers. These come in a variety of sizes, colors, and types, and also come in a variety of prices. Again, what you buy depends on your needs and the size of your room.When shopping for living room furniture, you need to determine if you need other types of seating besides a sofa. There are cushiony, comfy chairs and there are more formal occasional chairs. Depending on the activities that take place in your living room, the furniture should accommodate accordingly. There should also be enough seating to accommodate a good number of people, if you have a large family or entertain guests regularly.Orosur ended the year with US$ 14.2 million in cash compared to US$ 8.7 million at the beginning of the financial year. Cash levels were in accordance with expectations and at 31 May 2011 the Company remains debt free. A financing facility of US$ 5.5 million was established with HSBC and will be used during 2012 to purchase mobile equipment for Arenal Deeps. Subsequent to the end of the year the Company raised gross proceeds of US$ 13.5 million through a private placement with new and existing shareholders. The proceeds of this private placement will be used to fund the Company’s investment in Talca and to target further growth. Investment in Arenal deeps, construction of the new tailings facility and exploration will be funded from cash flow from operations during 2012.

When you are furnishing and decorating your living room, there is no need to use a particular theme. As long as the colors and patterns coordinate and follow your family's style, it will be a great room to be in. By accessorizing with pictures, wall hangings, shelving, plants, or other personal touches, your living room will be a comfortable place that your family will enjoy spending time in. Your living room furniture is merely the basis upon which family memories are made.




Author: Mark Woodcock


Orosur Mining Inc. Announces Results for the Full year Ended May 31, 2011


SANTIAGO, Chile -- Orosur Mining Inc (‘OMI’ or ‘the Company’) (TSX-V: OMI) (AIM: OMI), a South American focused gold producer and explorer, today announces results for the fiscal year ended May 31, 2011.


The basic living room furniture pieces are usually a sofa, one or more chairs (of various types), a coffee table, maybe some end tables, and lighting. When you are looking for a sofa, determine if you will be accommodating overnight guests in your living room. If so, you need to explore the sleeper sofa. Sleeper sofas have come a long way from the thin and lumpy mattress with a bar in your back, and provide a very comfortable place for your guests to slumber peacefully. If you don't need a sleeper sofa, then think about the size your sofa needs to be. There are large sectionals that accommodate several people at once. There are sofa and love seat combinations that allow you more freedom in furniture arrangement. Determine what will fit in your room, and purchase accordingly.[Table Omitted]Lighting, though not considered furniture, is a vital accessory to include with your living room furniture. If you plan on reading, crafting, or playing games in your living room, then you will need good lighting. Ambient lighting is also nice in the living room for entertaining and relaxing.Exploration in Uruguay during 2011 was focused on defining additional resources to add to the San Gregorio mine plan. The major projects drilled were Sobresaliente, Vaca Muerta, Picaflor, Santa Teresa, and Crucera. At Sobresaliente a measured and indicated resource of 2,097,000 tonnes at 1.05 g/t for 71,000 ounces was defined. A measured and indicated resource was also defined at Crucera of 237,000 tonnes at 4.05 g/t for 31,000 ounces.Total reserve ounces for San Gregorio increased marginally from 308,786 at May 31 2010 to 339,329 at May 31 2011, meeting the Company’s objective of sustaining a five year mine plan at 50,000 to 60,000 ounces per annum. A number of the ore sources defined during the year will be added to the mine plan for 2012, allowing a cut back on the San Gregorio pit to be deferred. Further drilling and feasibility work will be performed in 2012 to optimize the exploitation of the San Gregorio deposit. Exploration in Uruguay during 2012 will continue to focus on developing resources that can extend mine life at San Gregorio.The company generated US$ 31.3 million in cash flow from operations after working capital movements during fiscal 2011, a significant increase over 2010. Capital expenditure for the year was US$ 11.3 million on exploration and development and US$ 15.9 million in property, plant and equipment, including US$ 10.2 million on Arenal Deeps.ProductionHighlights:The Company now has three active projects in Chile, Pantanillo, Anillo and Talca. Pantanillo is located 125 km east of Copiapo in the Maricunga District and is the most advanced of the Company’s assets in Chile. The Anillo property is an early stage project located approximately 125 km east of Antofagasta in Northern Chile, close to the El Peñon mine operated by Yamana Gold Inc. The Talca project is a historical mining district approximately 375 km north of Santiago.Net profit after tax for the 2011 financial year was US$ 15.9 million, equivalent to basic earnings per share of US$ 0.24. The significant improvement over the prior year resulted from an increase in sales prices and a decrease in operating costs. The average price of gold sold increased from US$ 1,065 in 2010 to US$ 1,347 in 2011. The total cash cost per ounce produced was US$ 754 compared to US$ 827.“Orosur has delivered excellent financial results for the 2011 financial year. We recorded a profit after tax of US$ 15.9 million and generated US$ 29.7 million cash flow from operations realized at a gold price of US$ 1,347 per ounce. This performance demonstrates the potential of the company to generate strong cash and profit relative to its enterprise value at current gold prices and puts us in a strong position to support and develop our existing assets as well as pursue further growth opportunities following the acquisition of the Talca project in June 2011. We remain optimistic about the future and look forward to updating shareholders on our progress through the forthcoming year.”Most families spend the vast majority of their time together in the living room. That is most likely because that is where all of the "fun" things to do in the house are, like the television, stereo, perhaps even game systems. Next to the kitchen, the living room is the heart of the home. That is why it is important that your living room furniture be durable, accommodating (meaning that there is enough seating for family and guests), and comfortable.When you are furnishing and decorating your living room, there is no need to use a particular theme. As long as the colors and patterns coordinate and follow your family's style, it will be a great room to be in. By accessorizing with pictures, wall hangings, shelving, plants, or other personal touches, your living room will be a comfortable place that your family will enjoy spending time in. Your living room furniture is merely the basis upon which family memories are made.Exploration and DevelopmentTotal cash cost per ounce of gold for the year was US$ 754, while operating cash cost (excluding royalties) was US$ 724 per ounce, compared to US$ 827 and US$ 794 respectively in 2010. This is a significant improvement on the Company’s original target of US$ 825 and in line with expectations presented after the third quarter results of a cash cost per ounce of approximately US$ 750. The reduction in costs is a consequence of several factors including lower tonnes mined, higher grade of ore mined (1.42 g/t Au in 2011 compared to 1.06 g/t in 2010), further cost reduction initiatives undertaken since 2009, and increased silver revenues.Another type of living room furniture that is commonly seen is some kind of table. Beginning with the coffee table, you can add surfaces to play games, hold drinks and knick-knacks, even a place for someone to prop their weary feet upon. Coffee tables are often large enough to place sofas and chairs around, and provide a multitude of functions. There are also end tables, which provide a base for lighting fixtures, knick-knacks, magazines, and often act as accent pieces. If you want to use your living room for game playing, and the room is large enough, you can also consider a small game table in a corner.

The Company now has three active projects in Chile, Pantanillo, Anillo and Talca. Pantanillo is located 125 km east of Copiapo in the Maricunga District and is the most advanced of the Company’s assets in Chile. The Anillo property is an early stage project located approximately 125 km east of Antofagasta in Northern Chile, close to the El Peñon mine operated by Yamana Gold Inc. The Talca project is a historical mining district approximately 375 km north of Santiago.




Wednesday, August 17, 2011

Intcomex, Inc. Reports Second Quarter Ended June 30, 2011 Results


MIAMI -- Intcomex, Inc. today issued notification of its earnings conference call to review the Company’s results of operations for the three and six months ended June 30, 2011. The conference call will be held on Wednesday, August 17, 2011, at 11:00 am ET (Eastern Time). The conference call will be conducted by Michael Shalom, Chief Executive Officer and President and Russell A. Olson, Chief Financial Officer.


CDC Software’s acquisitions are part of its “integrate, innovate and grow” strategy. Fueling the success of this strategy is the company’s global scalable business and technology infrastructure featuring multiple complementary applications and services, domain expertise in vertical markets, cost effective product engineering centers in India and China, a highly collaborative and fast product development process utilizing Agile methodologies, and a worldwide network of direct sales and channel operations. This strategy has helped CDC Software deliver innovative and industry-specific solutions to more than 10,000 customers worldwide within the manufacturing, distribution, transportation, retail, government, real estate, financial services, health care, and not-for-profit industries. For more information, please visit www.cdcsoftware.com.About USOG United States Oil and Gas Corp (OTCQB: USOG) (PINKSHEETS: USOG) is an oil and gas products, services and technology company headquartered in Austin, Texas. Through our subsidiaries, we market and distribute refined oil and gas (diesel, gasoline, propane, high octane racing fuels and lubricants) to wholesale and retail customers in the United States. We own all of the plant storage, transportation and maintenance equipment used at our locations in Plainville, Utica, and Palco, Kansas. We own and operate a gas station and convenience store in Belcourt, and hold approximately six acres of developable land in Bottineau, North Dakota. We are focused on acquiring and growing domestic mid size family-run oil and gas services businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. The company reported 2010 revenue of $24.7 million up from $9.4 million in 2009.

Intcomex is a United States-based value-added distributor of information technology products to Latin America and the Caribbean. Intcomex distributes computer components, peripherals, software, computer systems, accessories, networking products, mobile devices and digital consumer electronics to more than 44,000 customers in 41 countries.




CDC Software to Hold Second Quarter 2011 Earnings Call on August 25, 2011 at 8:30 A.M. EDT


SHANGHAI & ATLANTA -- CDC Software (NASDAQ: CDCS) will hold a conference call to discuss the company's earnings and operating results for the quarter ended June 30, 2011 on Thursday, August 25, 2011 at 8:30 A.M. EDT. An earnings release will be distributed prior to the call.


About CDC SoftwareOne source of the restatements was the application of the purchase price for the acquisition of United. Significant adjustments from this were the $357,809 reclassification of purchase price from fixed assets to goodwill. The second source of restatement was the reclassification of $99,013 of Additional Paid In Capital primarily to Preferred Convertible Shares. Finally, there was a significant restatement of expense due the proper GAAP accounting for several Derivative Instruments the Company has on its balance sheet. These are Convertible Notes Payable that have a variable conversion feature that is dependent on the price of the stock at the time of conversion. This primarily resulted in a derivative liability of $845,921, a loss on the valuation of the derivative at period end of $37,418, discounts to notes payable of $232,801, and amortization expense of $67,366. All of these adjustments were made to the financial statements for the three months ended March 31, 2010 and were presented in the Form 10Q for the period ended March 31, 2011. However, there are some additional adjustments related to the derivative liability for the three and six months ended June 30, 2010.The Company considers a number of liquidity and working capital performance ratios in evaluating its financial condition. The following table includes certain ratios, working capital information, and summarized cash flows for use in understanding current liquidity and recent trends in this area:Contact: James Crimi Investor Relations 1-512-464-1226 Email ContactThe modified EBITDA balance for the three months ended June 30, 2011 was a loss of $28,000 compared to a gain of 155,000 for the same period in 2010. The difference is primarily a result of increased operating expenses at Turnbull in the amount of $98,000 over the previous year and the operating loss at United of $98,000, compared to income of $1,000 for the same period in 2010. The loss at United is the result of heavy rain and flooding in North Dakota that had a significant negative impact on fuel sales for the quarter.


As noted above, this Quarterly Report for the three month period ended June 30, 2011 on Form 10-Q included for the first time, restated figures for the period ended June 30, 2010. The Notes to those financial statements detail all the adjustments. In sum, Total Assets and Liabilities and Stockholders' Deficit were reduced by $392,000 to $6.8 million. Net income increased by $10,000 to $16,000.The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements. Refer to "Item 1A - Risk Factors" in our Form 10-K for the year ended December 31, 2010 filed with the Securities and Exchange Commission for a discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such factors, nor to assess the impact such factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

CDC Software’s acquisitions are part of its “integrate, innovate and grow” strategy. Fueling the success of this strategy is the company’s global scalable business and technology infrastructure featuring multiple complementary applications and services, domain expertise in vertical markets, cost effective product engineering centers in India and China, a highly collaborative and fast product development process utilizing Agile methodologies, and a worldwide network of direct sales and channel operations. This strategy has helped CDC Software deliver innovative and industry-specific solutions to more than 10,000 customers worldwide within the manufacturing, distribution, transportation, retail, government, real estate, financial services, health care, and not-for-profit industries. For more information, please visit www.cdcsoftware.com.




United States Oil and Gas Corp Reports Financial Results for Quarter


United States Oil and Gas Corp (OTCQB: USOG) (PINKSHEETS: USOG) announced the filing of its Quarterly Report on Form 10-Q and its financial results for the three and six months ended June 30, 2011. The following are highlights from the report.


Balance sheet ratios and working capital improved during the three months ended June 30, 2011 as overall debt was reduced.


The Company used a modified EBITDA number as a key performance measure. Modified EBITDA is net income adjusted by removing tax expense, interest expense, depreciation and amortization expense, amortization of discount on convertible debt, and gain and loss on the conversion of debt. The Company feels that this provides an accurate and useful measure of performance because it eliminates non-cash expenses that are largely unrelated to operations. The following presents a reconciliation of modified EBITDA to Net Income:For those unable to call in, a digital instant replay will be available after the call until Sept. 01, 2011.About Intcomex[Table Omitted]Webcast Link: Investors are invited to listen to a live webcast of the conference call which can be accessed through the investor section of the CDC Software website at www.cdcsoftware.com. The call can also be accessed through www.streetevents.com. To listen to the call, please go to the website at least 15 minutes prior to the call and download any necessary audio software.The Company reported revenue of $8.7 million, a 45% increase compared to $6.0 million in restated sales for the second quarter of 2010. Net loss for the quarter was $665,000 compared to a $16,000 gain during the same period in 2010.Intcomex is a United States-based value-added distributor of information technology products to Latin America and the Caribbean. Intcomex distributes computer components, peripherals, software, computer systems, accessories, networking products, mobile devices and digital consumer electronics to more than 44,000 customers in 41 countries.

Contact: James Crimi Investor Relations 1-512-464-1226 Email Contact




Tuesday, August 16, 2011

The National Security Group, Inc. Releases Second Quarter Results


ELBA, Ala. -- Results for the three months and six months ended June 30, 2011 and 2010, based on accounting principles generally accepted in the United States of America, were reported today as follows:


Premium revenue for the six-months ended June 30, 2011, decreased $2,750,000 compared to the same period last year. The primary reason for the decrease in net earned premium was an increase in ceded premium from catastrophe reinstatement. Also impacting the decline were decreases in the homeowners and personal lines auto business.(1) EBITDA provides a metric to analyze our operations that should be considered with both our GAAP results and the reconciliation to net cash provided by operating activities. EBITDA is presented solely as a supplemental disclosure because the Authority believes it provides a more complete understanding of our business, it may be used by investors to assess the operating performance of the business in comparison to other operators in the gaming industry and the Authority uses EBITDA as a benchmark to evaluate its own performance in comparison to its competitors.Net revenues for the second quarter ended June 30, 2011 were $31.2 million. Casino revenues totaled $30.0 million and included slot revenue of $27.8 million and table games and poker revenue of $2.2 million. Food and beverage revenues were $1.0 million, net of promotional allowances of $0.6 million.EBITDA (1) for the second quarter of 2011 was $14.6 million, or 45% of net revenues. Income from operations for the second quarter 2011 was $12.0 million and represented 39% of net revenues. Non-operating expense, net, for the second quarter 2011 was $5.2 million and included $5.2 million of interest expense.This release contains certain “forward-looking statements” within the meaning of the Unites States Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when we describe what we “believe,” “expect” or “anticipate” will occur and other similar statements), you must remember that our expectations may not be correct, even though we believe they are reasonable. We do not guarantee that the transactions and events described in this press release will happen as described (or that they will happen at all). You should read this press release completely and with the understanding that actual future results may be materially different from what we expect. We will not update these forward-looking statements, even though our situation will change in the future.River Rock Entertainment AuthorityPremium revenue for the three-month period ended June 30, 2011, decreased $2,582,000 compared to the same period last year. The decline was primarily driven by declines in net earned premium in the P&C segment due to catastrophe reinstatement premium, a moderate decline in homeowners business and a decrease in auto policies in-force. Catastrophe reinstatement premium ceded related to Cat 46 totaled $1,490,000.

The National Security Group, Inc., through its property & casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in thirteen states. The Company writes primarily personal lines property coverage including dwelling fire and windstorm, homeowners, mobile homeowners and personal non-standard automobile lines of insurance. The Company also offers life, accident and health, supplemental hospital and cancer insurance products. The Company was founded in 1947 and is based in Elba, Alabama.




The National Security Group, Inc. Releases Second Quarter Results


ELBA, Ala. -- Results for the three months and six months ended June 30, 2011 and 2010, based on accounting principles generally accepted in the United States of America, were reported today as follows:


[Table Omitted][Table Omitted]The following table is the calculation of EBITDA for the periods indicated (in thousands):Liquidity and Capital ResourcesThe Company ended the quarter ended June 30, 2011 with a net loss of $4,945,000, $2.00 per share, compared to a net income of $814,000, $0.33 per share, for the same period last year. The primary reason for the decline in net income was an increase in incurred losses and incurred adjustment expenses in the P&C segment from several severe weather related events during April of 2011. The month of April, 2011 was one of the most active spring storm seasons in history. According to statistics from the National Weather Service and Storm Prediction Center, there were 753 Tornadoes nationwide during the month of April, four of which were rated EF5. All four of the EF5 tornadoes occurred on April 27, 2011. As a result of the tornado, severe wind and hail activity occurring April 25-27, 2011 (hereafter referred to as CAT 46) in the Company’s coverage area, the P&C segment incurred losses and loss adjustment expenses, before reinsurance of $9,936,000. Net income, net of reinsurance, for the three and six month periods ended June 30, 2011, was reduced by $3,777,000 ($1.53 per share) due to storm related losses from this event.Forward-Looking StatementsPremium revenue for the six-months ended June 30, 2011, decreased $2,750,000 compared to the same period last year. The primary reason for the decrease in net earned premium was an increase in ceded premium from catastrophe reinstatement. Also impacting the decline were decreases in the homeowners and personal lines auto business.

The National Security Group, Inc., through its property & casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in thirteen states. The Company writes primarily personal lines property coverage including dwelling fire and windstorm, homeowners, mobile homeowners and personal non-standard automobile lines of insurance. The Company also offers life, accident and health, supplemental hospital and cancer insurance products. The Company was founded in 1947 and is based in Elba, Alabama.




River Rock Entertainment Authority Announces Second Quarter 2011 Financial Results


GEYSERVILLE, Calif. -- The River Rock Entertainment Authority (the “Authority”), the operator of the River Rock Casino in Sonoma County, California, today announced second quarter operating results for the period ended June 30, 2011.


We are a Tribal governmental instrumentality of the Dry Creek Rancheria Band of Pomo Indians (the “Tribe”), a federally recognized self-governing Indian tribe. The Tribe has 1,007 enrolled members and approximately 75-acre reservation in Sonoma County, California.The net loss for the six months ended June 30, 2011 totaled $3,950,000, $1.60 per share, compared to net income of $2,708,000, $1.10 per share, for the same period last year. The most significant factor contributing to the decline in second quarter net income was the increased frequency of tornado losses.[Table Omitted]Operating expenses for the second quarter ended June 30, 2011 were $19.2 million. Operating expenses consisted of casino expense of $4.2 million, food and beverage expense of $1.5 million, selling, general and administrative expense of $10.0 million, depreciation expense of $2.6 million, gaming commission and surveillance expense of $0.7 million and compact revenue sharing trust fund expense of $0.3 million.The Authority will host a conference call to discuss second quarter 2011 financial results tomorrow, August 16, 2011 at 1:00 PM ET. The call can be accessed live over the phone by dialing 877-723-9511 or for international callers by dialing 719-325-4898. To access the webcast, please visit www.riverrockcasino.com and click on ‘Investor Relations.’ A replay of the call will be available until August 23, 2011 by dialing 877-870-5176; password 4527048.Premium revenue for the three-month period ended June 30, 2011, decreased $2,582,000 compared to the same period last year. The decline was primarily driven by declines in net earned premium in the P&C segment due to catastrophe reinstatement premium, a moderate decline in homeowners business and a decrease in auto policies in-force. Catastrophe reinstatement premium ceded related to Cat 46 totaled $1,490,000.Second Quarter Operating Results for the Period Ended June 30, 2011Shareholders’ equity as of June 30, 2011 was $39,250,000 compared to $43,710,000 down $4,460,000 compared to December 31, 2010. Book value per share declined $1.81 per share for the period ended June 30, 2010 to $15.91 per share compared to $17.72 per share at December 31, 2010. Factors contributing to the change in equity were a year-to-date net loss of $3,950,000, recoveries in market values of fixed maturities and equity securities of $285,000, a net loss on interest rate swaps of $55,000 and dividends paid of $740,000.Conference CallShareholders’ equity as of June 30, 2011 was $39,250,000 compared to $43,710,000 down $4,460,000 compared to December 31, 2010. Book value per share declined $1.81 per share for the period ended June 30, 2010 to $15.91 per share compared to $17.72 per share at December 31, 2010. Factors contributing to the change in equity were a year-to-date net loss of $3,950,000, recoveries in market values of fixed maturities and equity securities of $285,000, a net loss on interest rate swaps of $55,000 and dividends paid of $740,000.Whether actual results will conform to our expectations and predictions is subject to a number of risks and uncertainties, including:Net cash provided by operating activities at June 30, 2011 totaled $26.7 million. Net cash used in capital and related financing activities at June 30, 2011 totaled $19.3 million. Cash used in non-capital financing activities as of June 30, 2011 totaled $6.9 million, which represented net distributions to the Tribe. Cash and cash equivalents net of restricted cash at June 30, 2011 totaled $37.2 million.The net loss for the six months ended June 30, 2011 totaled $3,950,000, $1.60 per share, compared to net income of $2,708,000, $1.10 per share, for the same period last year. The most significant factor contributing to the decline in second quarter net income was the increased frequency of tornado losses.EBITDA should not be construed as an alternative to operating income, as an indicator of the Authority’s operating performance, as an alternative to cash flows from operating activities, as a measure of liquidity, or as any other measure determined in accordance with generally accepted accounting principles (GAAP). Moreover, our calculations of EBITDA may not be comparable to that reported by other companies. EBITDA is a basis upon which we assess our liquidity and because certain covenants in the Indenture for our $200 million senior notes are tied to similar measures. EBITDA also presents useful information regarding our ability to service and incur indebtedness. EBITDA does not take into account our debt service requirements, and accordingly, is not necessarily indicative of amounts that may be available for debt service.[Table Omitted]

[Table Omitted]In addition to the catastrophic losses incurred during the last week of April, the Company incurred an additional $2,274,000 in losses from various other tornado and windstorm events which were not covered by catastrophe reinsurance. These events reduced net income by an additional $1,500,000 for the quarter and year to date period ended June 30, 2011.The National Security Group, Inc., through its property & casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in thirteen states. The Company writes primarily personal lines property coverage including dwelling fire and windstorm, homeowners, mobile homeowners and personal non-standard automobile lines of insurance. The Company also offers life, accident and health, supplemental hospital and cancer insurance products. The Company was founded in 1947 and is based in Elba, Alabama.The Company ended the quarter ended June 30, 2011 with a net loss of $4,945,000, $2.00 per share, compared to a net income of $814,000, $0.33 per share, for the same period last year. The primary reason for the decline in net income was an increase in incurred losses and incurred adjustment expenses in the P&C segment from several severe weather related events during April of 2011. The month of April, 2011 was one of the most active spring storm seasons in history. According to statistics from the National Weather Service and Storm Prediction Center, there were 753 Tornadoes nationwide during the month of April, four of which were rated EF5. All four of the EF5 tornadoes occurred on April 27, 2011. As a result of the tornado, severe wind and hail activity occurring April 25-27, 2011 (hereafter referred to as CAT 46) in the Company’s coverage area, the P&C segment incurred losses and loss adjustment expenses, before reinsurance of $9,936,000. Net income, net of reinsurance, for the three and six month periods ended June 30, 2011, was reduced by $3,777,000 ($1.53 per share) due to storm related losses from this event.The National Security Group, Inc., through its property & casualty and life insurance subsidiaries, offers property, casualty, life, accident and health insurance in thirteen states. The Company writes primarily personal lines property coverage including dwelling fire and windstorm, homeowners, mobile homeowners and personal non-standard automobile lines of insurance. The Company also offers life, accident and health, supplemental hospital and cancer insurance products. The Company was founded in 1947 and is based in Elba, Alabama.

[Table Omitted]

[Table Omitted]




Patio Furniture Extend Your Living Quarters


Your living quarters don�t have to stop within the perimeters of the traditional rooms like the kitchen, living room and bedroom. Pull your living quarters farther out by dressing up your patio. Patio furniture is the key to pulling the look together.


A hard part of that equation is the enormous amount of work that must be done to simply get at the truths that are left out of history books and daily newspapers and TV news. It�s necessary to peel away the myths covering the truths in order to discover the gifts that they hold for us in their hands.It was only 19 years ago that the monolith called The Union of Soviet Socialist Republics crumbled, leaving its constituent parts scattered, lying on the ground of history. What happened? The Soviet Union had been assembled from a bunch of countries contiguous to each other. It was a match made in heaven, where they all signed up for membership, secure in the knowledge that in unity there is strength. All of those individual members looked forward to golden futures. That didn�t happen. They gave up their individual power to a central government in Moscow that became a country itself, if not in name, surely in its agenda. It stopped representing the membership and started representing itself. It was Me First. Me first in power, me first in money, me first in ego. It took only 70 years or so for the membership to realize this, and when they did, the club disbanded and they all went home in 1991.4. Poor Traffic Patterns: The ability to walk through each room in your house without navigating through a maze of furniture can be a challenge for some.2. Oversized Furniture. I can tell you that, contrary to popular belief, size does matter.

So, no matter how much money you have to spend, you can extend your living quarters outside the boundary of tradition. Invest in some patio furniture and you can create an outdoor living room of sorts!




Author: Bob Benson


Hidden History Can Kill a Country


Some smart person observed long ago that the winners get to write the history books. Those books then sit in school rooms, libraries and sometimes end tables of the rich and powerful rulers of our country, in some cases acting as a guide for running a country. An even smarter person observed that people who ignore history�s lessons are doomed to repeat them.


- Mistake: Some people never really figure out what the focal point to their room is, while others try to highlight too many. Not taking advantage of natural focal points, such as fireplaces, expansive windows with a killer view, or charming French doors onto the patio can dull the senses and be very uninviting.- Mistake: Don't line up all your furniture and seating against the walls of a room, it's almost impossible to carry on a decent conversation. And no matter what you think it does not give the illusion of more space.- Mistake: Oversized furniture can be overpowering and chunky, eating up the space within the room by making it feel cluttered and smaller than it really is - particularly when those pieces are disproportionate to the space.If style is not a high concern on your list but finding cheap, practical patio furniture is, check out the resin tables and chairs on the market. The tables and chairs are sturdy. You can even buy resin foot rests, end tables and coffee tables. This type of furniture weathers well in all elements and the only style concern you face with resin furniture is fading or dullness that comes along with being outside. You can find resin furniture at just about any discount store. It�s seasonal, so start looking for it to appear on shelves and display floors in the spring. The price for a simple resin chair ranges from $6 to $10 in most places. Chaise lounge chairs made from the same resin are a little more expensive. You can expect to pay $30 to $40 each for those. The price of resin tables varies based on the size. A small table, like an end table or a foot stool, are about the same price as the simple chairs. A large table costs more. The high end of the design in resin furniture is the table with a hole in the middle for an umbrella. In addition to providing shade from the hot sun, an umbrella can really dress up the look of resin patio furniture. A simple green or white table becomes festive when a brightly colored umbrella is thrown into the mix!

Our current president is an avowed fan of Abraham Lincoln, using Lincoln�s bible at his inauguration, recently speaking at Cooper Union in New York City, where it is said that a speech Lincoln gave there wrapped up his nomination for president. Lincoln�s influence over Mr. Obama�s actions and policies as president seem to be quite strong, and as dangerous as his idol�s were. He has set the country down the same road that the USSR travelled, which eventually came to a dead end. He is amassing power for a central government that increasingly is not representing its members, just as Lincoln did. He is ignoring history and will inevitably suffer the same fate as all the others, which is the dissolution of the club, the country. The stitches that have bound us together are unraveling. The citizens of the individual states/countries are telling him this in voices that get louder and louder but this man who is ignorant of history does not hear them. He is deaf to all voices but hisown, and will be the most surprised person in the country when he calls a meeting of the club members and few, if any, show up.




Author: Allan Sanford


Top 5 Decorating Mistakes - And How To Avoid Them


Whether you're ready to re-design your entire home or just intend to redecorate a single room, make sure you have a master plan. Here are the top 5 decorating mistakes and how you can correct them.


- Solution: Try moving the large sofa off the wall and position it in the center of the room facing the focal point whether it is the fireplace or entertainment unit. Re-orient all the other furniture pieces to work off that sofa, creating a more intimate living space where great conversations can happen.- Mistake: If your bulky sofa, heavy wood cocktail table and your inherited bombe chest are gathered to one side of the room with a pair of club chairs, all of those "bottom heavy" pieces create an imbalance in the space, both physically and visually.- Solution: Make sure your overall layout and conversation area is balanced. Then introduce some lighter pieces into the mix. By all means use your sofa, but introduce glass, iron or metal combinations for cocktail tables and end tables.. If you have a very tall unit or hutch in your space, balance it out with a beautiful tall tree or an art arrangement.For instance, there are some rockers that look great on patios but they have a note attached that they are not suited for outdoor use. Something like this must be brought in whenever it is not in use. If you decide you just must have it any way, make sure you have a place in your home or storage to hold it until its next use.- Solution: If you have two openings into and out of your space, then move the traffic behind the seating, not through it. If you have a sofa floating within your space and away from the wall make sure there is at least 30" to 36" of clear floor space to walk around between the wall and other furniture pieces. The ultimate solution is to arrange your furniture so that you direct traffic through the space.- Solution: A good rule of thumb to follow is to look for the most dramatic element in the space. In the family room or great room, the focal point is either the fireplace, windows to the view or the entertainment unit. Make sure that your conversation area somehow faces the area or at least part of it.. If you lack a focal point - create one!- Solution: Large-scaled furniture works best when fewer pieces are used. In construction, there's a saying: measure twice, cut once. The same should apply to decorating. Measure (your space) twice and purchase (the right pieces) once..1. Poor Furniture Placement. A bad furniture layout can set the tone for the room and is still one of the most common mistakes that many people make.- Mistake: You don't want to walk into your family room and immediately be faced with an aisle just wide enough to squeeze through, then knock into the corner of that lethal weapon called an end table.... bruising your thigh again, in the exact same spot as you did yesterday! Always keep the doorways at the top of your list when thinking about traffic patterns in every room of your home.ody that had ceased to represent the individual countries in the club, and struck out on their own, representing only themselves. Lincoln ignored history and today we are starting to see the results of his ignorance of history in the actions of our current president, who has not bothered to find the real story behind the myths.If you decide to buy wicker or rattan furniture, check to see if the manufacturer has warnings against outdoor use. Some wicker and rattan furniture is not meant for use outside, but other wicker and rattan has been specially treated for outdoor use. It comes down to checking the label or packaging to know for sure. If you have any doubt, contact the manufacturer. As the store from which you purchased it for the contact info or look it up on line if you can�t find it elsewhere.Around 1776 a group of colonies, �owned� by Great Britain, got together and formed a club, called the United States of America. Membership was voluntary, but they all recognized that they�d be better off as a member of a group, so they joined, secure in the knowledge that they could always leave if they wanted to. The contract, the Constitution, said so. They banded together to fight a common enemy, the British, and miraculously won that fight. They had a country, and the future seemed bright until around 1860, when a hack politician named Lincoln imposed unacceptable economic policies on some of the members in the form of onerous import duties on their exports and they exercised their membership rights and left the club. He ignored the lessons of history and the country paid the price in over 600,000 Americans dead, in an unnecessary war. Rome couldn�t pull it off, the British certainly couldn�t, nor could the dozens of other empires that had grabbed power for a governing b!Our current president is an avowed fan of Abraham Lincoln, using Lincoln�s bible at his inauguration, recently speaking at Cooper Union in New York City, where it is said that a speech Lincoln gave there wrapped up his nomination for president. Lincoln�s influence over Mr. Obama�s actions and policies as president seem to be quite strong, and as dangerous as his idol�s were. He has set the country down the same road that the USSR travelled, which eventually came to a dead end. He is amassing power for a central government that increasingly is not representing its members, just as Lincoln did. He is ignoring history and will inevitably suffer the same fate as all the others, which is the dissolution of the club, the country. The stitches that have bound us together are unraveling. The citizens of the individual states/countries are telling him this in voices that get louder and louder but this man who is ignorant of history does not hear them. He is deaf to all voices but hisown, and will be the most surprised person in the country when he calls a meeting of the club members and few, if any, show up.5. Identifying A Focal Point. Every space needs to have a focus or anchor for other design elements revolve around. This highlight is the glue that holds the room together, and creates a sense of interest.

- Solution: A good rule of thumb to follow is to look for the most dramatic element in the space. In the family room or great room, the focal point is either the fireplace, windows to the view or the entertainment unit. Make sure that your conversation area somehow faces the area or at least part of it.. If you lack a focal point - create one!




Author: Lori Gilder