Monthly Archives: August 2012

By Seth Jayson | More Articles August 6, 2012 |

Liberty Global (Nasdaq: LBTYA) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeawayFor the quarter ended June 30 (Q2), Liberty Global met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded.

Gross margins improved, operating margins dropped, and net margins expanded.

Revenue detailsLiberty Global chalked up revenue of $2.52 billion. The seven analysts polled by S&P Capital IQ anticipated sales of $2.55 billion on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $2.62 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS detailsEPS came in at -$0.75. The two earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share. GAAP EPS were $2.60 for Q2 versus -$1.37 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin detailsFor the quarter, gross margin was 64.9%, 120 basis points better than the prior-year quarter. Operating margin was 19.0%, 140 basis points worse than the prior-year quarter. Net margin was 27.8%, 4,110 basis points better than the prior-year quarter.

More here:
Liberty Global Meets on the Top Line, Misses Where It Counts

TUCSON, Ariz.--(BUSINESS WIRE)--

Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (LBSR: OTCQB) is pleased to announce that the Liberty Star field camp construction managed by Alaskan Native owned MBGS LLC is on schedule. MBGS general contractor Jim Stevens states that his team will begin to airlift housing and a diamond core drill rig to the Native allotment camp site within the Big Chunk Super Project (BCSP) south block beginning the week of August 5; the camp is scheduled to be operational by August 10.

Heavy equipment and housing will be transported by a high-lift Huey chopper, while staff and light equipment will be transported by a small helicopter. Twelve people will be in the camp, including Alaskan Native MBGS staff, drill crews and geologic staff. The spartan camp includes basic amenities and a broad-band Internet over satellite hook-up.

On August 8 the Companys Field Manager and Lead Field Technician Jay Crawford and Porphyry Copper specialist Geologist Greg McGilvray will meet in Vancouver, BC to receive training on the new MBGS Innov-X handheld GPS XRF Analyzer. The new handheld analyzer uses a miniaturized X-ray tube with electronically cooled silicon detectors to provide fast metal content measurements with accuracy and precision in the field prior to formal assay. Jay Crawford has spent many months using this type of equipment, but will receive updated training with the new analyzer. From Vancouver, the two will fly to Anchorage and then to Port Alsworth, Alaska. Jay and Greg will helicopter to the BCSP camp shortly after. The drill rig is scheduled for arrival at the BCSP camp at about the same time. Drilling on the proposed 10 holes can start within a few days of the drills delivery to the field. In addition to the Innov-X Analyzer, the geologic team will be equipped with other sophisticated gear that will make field analysis more accurate and less subject to error. The onsite team will be able to communicate immediate analysis of core and send data via satellite Internet connection to the head office in Tucson or any other location for specialists to review and render their professional analysis.

This equipment in addition to the XRF includes:

All of these devices are digital (with the exception of the optical microscope) and their data will be recorded with the data logger, and joined with the geologic log of the core. All data will be recorded on the Big Chunk field camp computer server and then transmitted by a satellite uplink to the Internet and batch transmitted to Tucson overnight every night and captured on the Tucson office server for distribution and analysis by the appropriate experts on our Technical Advisory Board, as well as Chief Geologist Jim Briscoe and other specialists when needed.

After all data collection, the core is cut in half (split) using a diamond saw. Half of each 10 foot interval will be bagged and secured in locked storage controlled by Jay Crawford. The samples will be shipped by helicopter, and then by Federal Express to the MEG sample prep lab near Reno, Nev. As required by regulation, a chain of custody is recorded at every stop; this is to prevent tampering with the drill core so it cannot be adulterated (salted) with any foreign material either intentionally or accidently. After sample preparation, including addition of Quality Assurance Quality Control (QA/QC) samples, assay pulps of about 200 grams from each sample interval will be air shipped to ALS Certified assay labs in Vancouver, B.C. Canada. After assay ALS will ship assays by e-mail to the Tucson office where it will be combined with the visual core log and all the other collected data. These data logs will then be analyzed by our geologic team and conclusions made. All this takes time but news releases will be made after drill core is evaluated.

James A. Briscoe James A. Briscoe, Professional Geologist, AZ CA CEO/Chief Geologist Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include that the BCSP camp will be operational by August 10, that a diamond core drill rig will be airlifted to the camp site, that drilling can proceed within days of its arrival, and that drill core will be obtained and prepared for assay. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our exploration program to identify targets; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Companys recent 10-K and the Companys other periodic reports filed from time to time with the Securities and Exchange Commission.

Originally posted here:
Liberty Star Airlifting Diamond Core Drill to Copper/Gold/Moly Big Chunk Camp, Alaska

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--

Green Automotive Company, having recently acquired Liberty Electric Cars Ltd., is pleased to announce the addition of 2 new Board members, Ian Hobday and Darren West.

Mr. Hobday, who also serves as CEO for Liberty Electric Cars Ltd., has international experience in sales, marketing and general management and a track record of growing businesses and delivering profit improvement within multinational companies. Ian is co-founder of several innovative start-up companies and has extensive experience in developing business opportunities worldwide.

Commenting on his appointment, Ian Hobday said, I am looking forward to serving on the Board of Directors for Green Automotive and I look forward to helping Green Automotive maximize the many synergies that I believe exist between it and Liberty. Liberty has several divisions in operation including, for example, Liberty E-Care, which provides after-sales services for electric or low emission vehicles including servicing & repair. With clients including Navistar, Fedex, UPS, Veolia, and Tescos, Liberty is providing service to roughly 2,000 pure EVs. Through their operation of this business, Liberty has gained a tremendous amount of technical know-how and market intelligence that should translate into solid benefits for Green Automotive in a variety of ways.

Mr. West, who is also the CFO for Liberty Electric Cars Ltd., has extensive international experience having worked in more than 30 countries including knowledge of acquisitions, mergers and disposals.

Ian Hobday and Darren West bring a wealth of business experience gained from the management of a company that provides cutting edge automotive technology development, engineering and design with a focus on zero and low emission vehicle solutions, said Fred Luke, President of Green Automotive. For example, through Libertys E-Tech division they have worked on development projects with Fiat, VW, Rolls Royce, Cranfield and Navistar and have been involved in joint ventures for new BMS and Battery designs. These core competencies should significantly enhance Green Automotives technical edge which will support our company as we execute our business plan, including our move to develop all electric buses. We believe both their experience in international transactions as well as the electric vehicle market space will prove invaluable on our Board of Directors.

About Green Automotive Company: Green Automotive Company is a US public company involved in the Conversion, Import and Distribution of Eco-friendly vehicles. The Company is presently planning to bring All-Electric and other Eco-friendly vehicles into the United States market through a combination of converting piston engine vehicles and importing existing EV's. The Company is currently involved in assessing a number of All-Electric and alternate fuel vehicles including an All-Electric Intra-City and Municipal Mass Transit Bus and School Bus, for introduction to the US market. GAC recently acquired Liberty Electric Cars Limited, a UK-based company that designs, develops, manufacturers and markets electric vehicle technologies for use in its own converted vehicles and for sale to OEM's for incorporation into their production. It provides a full aftermarket program to electric vehicle users to ensure the longevity of their vehicles and has partnership arrangements in other European countries. The Liberty team, can count on over 200 man years of experience in the Automotive industry and specifically 70 plus man years in the EV sector covering some 2,500,000 miles. Green Automotive Company maintains its Corporate Office in Newport Beach, California. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR". For more information visit http://www.usaelectricauto.com or write to info@usaelectricauto.com.

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company incorporates by reference its disclosure and financial statements posted on http://www.otcmarkets.com, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

More here:
Ian Hobday, CEO of Liberty Electric Cars Ltd., and Darren West, CFO of Liberty Electric Cars Ltd., Join the Board of ...

HOUSTON, Aug. 6, 2012 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (LBYE) ("Liberty" or "the Company") announces further details on its new Texas acreage.

The Company is pleased to reveal further details on its newly acquired acreage in Eastland County, Texas. The 112 acre lease is located within Eastland County, approximately 80 miles west of Fort Worth, Texas.

The Company has confirmed that there are two major producing reservoirs that are widespread within this area. The first, Marble Falls, a prolific oil and gas producing reservoir with production being generated from several channel sands found within this Lower Pennsylvanian formation. The second, Mississippian-Duffer limestone, predominantly produces gas with some oil shows. The Duffer formation lies unconformably below the Marble Falls formation. Both zones are widespread in Eastland County and have been highly productive throughout Texas Railroad Commission District 7B.1

The (Mississippian) Barnet Shale is also present in this area. Although its thickness is limited to approximately 50 feet in this area, this geological structure is among the most prolific oil and gas producing areas of Texas. This shale underlies the Duffer Limestone, and is thought to be a source for much of the hydrocarbon found in the reservoirs above.2

The Bend Arch has had a significant effect on the Barnett Shale regarding its burial history and geo-thermal makeup. The Bend Arch-Fort Worth Basin Province resulted in estimated means of 26.7 trillion cubic feet of gas (TCFG), 98.5 million barrels of oil (MMBO), and a mean of 1.1 billion barrels of natural gas liquids (BBNGL).3 Nearly all of the undiscovered gas resource (98 percent, or 26.2 TCFG) is considered to be in continuous accumulations of non-associated gas trapped in strata of two of the three Mississippian-age Barnett Shale AUs of the Barnett-Paleozoic TPS.4 The third AU within this TPS, the Hypothetical Basin-Arch Barnett Shale Oil AU, has not yet been quantitatively assessed because of a lack of data.3 The Barnett-Paleozoic TPS is estimated to contain a mean of 409.2 BCFG of conventional gas, or about 88 percent of all undiscovered conventional gas, and about 64.6 MMB of conventional oil, or about 65 percent of all undiscovered oil in the Bend Arch-Fort Worth Basin Province.4

"We are extremely pleased to have secured this lease which is situated in the heart of existing oil and natural gas fields. This is a formation that has been consistently produced by majors for years including Devon Energy, Chesapeak Energy and ConocoPhillips. We intend to extensively study the surrounding fields and formations in which oil and natural gas have been recovered. We then intend to initiate a detailed geological study of the acreage that will determine how we further develop the property," commented Ian Spowart, CEO of Liberty Energy Corp. For more information on the Eastland Project see the Liberty Energy website at http://www.energy-liberty.com/projects/.

ABOUT LIBERTY: Liberty Energy Corp. (LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe. Headquartered in Houston, Texas, the company has leases and royalties in both Texas and Bulgaria, covering several wells with extensive potential for future development. In Texas, Liberty owns twelve leases based around numerous geological pay zones. In North-West Bulgaria, Liberty has royalty rights to a 1,000,000+ acre natural gas property (the A-Lovech exploration block), an area of high quality, low-sulphur natural gas condensate. Through this combined international reach and domestic focus, Liberty Energy is committed to the development of U.S. fuel reserves while seeking out further opportunities for the global energy markets.

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

ON BEHALF OF THE BOARD OF DIRECTORS,

Liberty Energy Corp

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Liberty Energy Announces New Acreage in Eastland County, Texas

PITTSBURGH, Aug. 6, 2012 /PRNewswire/ --Liberty Tire Recycling, the premier provider of tire recycling services in North America, will highlight the innovative applications and benefits of rubberized asphalt on August 15, 2012 with an event called Recycle WISCONSIN: 2012. Held at the Modified Asphalt Research Center (MARC) at the University of Wisconsin-Madison (Engineering Centers Building, Room 1025, 1550 Engineering Drive), the program will gather transportation and environmental professionals, civic leaders and policy-makers together so that they may learn more about new applications for recycled rubber. The event will also include a tour of MARC's lab on campus.

(Logo: http://photos.prnewswire.com/prnh/20091210/NE24642LOGO )

"With a renewed focus on community improvement through sustainable sourcing, rubberized asphalt and other innovative applications for recycled rubber create a win-win situation for cities across the nation," said Jeffrey Kendall, CEO of Liberty Tire Recycling. "Reusing scrap tire rubber for infrastructure like highways can help ensure that dangerous tire piles are a thing of the past, and also help build a sustainable future across Wisconsin and the nation."

The sessions will consist of presentations on topics including "Sustainable Asphalt Pavements: An Industry Perspective," "End of Life Tires in Wisconsin," "Wisconsin Experience with Rubber" and "Rubberized Asphalt," which will provide an overview of the advantages of rubberized asphalt, from enhanced safety and reduced tire noise to better crack resistance and cost savings. Following lunch, attendees will go on a tour of MARC's lab on campus.

Rubberized asphalt is a low-cost, high-performance alternative to traditional paving mixes that reduces dependency on oil and limits carbon dioxide emissions. Added to traditional asphalt, crumb rubber comprises 8- to 22-percent of the binder and increases tensile strength. For more than 40 years, rubberized asphalt has proven to diminish maintenance costs and provide a smoother, safer ride. Plus, recycled rubber provides a reliable and consistent supply of material.

"We encourage engineers and road maintenance supervisors to take rubberized asphalt specifications from this event and put them into practice in Wisconsin to help save money without sacrificing performance," Kendall added.

For more information about Liberty Tire Recycling, visit http://www.libertytire.com.

About Liberty Tire Recycling Liberty Tire Recycling is the premier provider of tire recycling services in North America. By recycling more than 140 million tires annually, Liberty Tire reclaims about 1.5 billion pounds of rubber for innovative, eco-friendly products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a nationwide network of processing plants, and comprehensive door-to-door collection services. Liberty Tire Recycling is headquartered in Pittsburgh, PA. For more information, please visit http://www.libertytire.com.

Original post:
Liberty Tire Recycling Presents 'Recycle WISCONSIN: 2012' Event to Explore Innovative Applications of Rubberized ...

Posted: Aug. 5, 2012 | 2:02 a.m.

Liberty's Michael Vargas was well aware of Bishop Gorman's credentials as he stepped to the plate in the top of the ninth inning Saturday.

He knew that the defending champion Titans had won five of the past six American Legion state baseball championships, and he knew they had manhandled their opponents in four consecutive wins to reach the title game.

But none of that mattered to Vargas.

In the Patriots' first championship appearance, Vargas drove a two-run single to right field to tie the game with one out. Liberty scored the go-ahead run one batter later on a throwing error and held on for a 4-3 victory at Wilson Stadium.

"We beat a great team," Liberty coach Mike Eshragh said. "Gorman has been here before. They've done that, and they've got the experience."

The win not only dethroned the Titans (40-11) but also spoiled their impressive march through the losers' bracket after an opening-round loss to Coronado.

"But you've got to beat the best to be the best," Eshragh said.

The Titans jumped ahead early, taking a 1-0 first-inning lead on Cody Roper's run-scoring double. A single by Kenny Meimerstorf in the third put Gorman up 2-0.

The Patriots (26-8) made the most of two singles and two Gorman errors in the sixth to cut their deficit to 2-1.

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Liberty Dethrones Gorman With Ninth-Inning Rally