WSGI’s airships, when integrated with electronics systems and other high technology payloads, are designed for use by government-related, military, defense and commercial entities in missions that require real-time Intelligence, Surveillance and Reconnaissance (ISR) or communications. With the 100% acquisition of Global Telesat Corp.
(GTC), WSGI is now also involved in mobile voice and data services for satellite communications.
WSGI’s UAVs operate across all ranges of altitudes – from low altitude airships (LAAs) and medium altitude (MAAs) to high altitude (HAAs).The product line includes the ARGUS ONE (MAA),SkySat (LAA/MAA), STRATELLITE (HAA) and ARGUS MTS UAVs. WSGI’s current focus is on ARGUS ONE, which is expected to be brought tomarket by Q3-2011. WSGI’s products have a number of advantages relating to cost benefits, augmented endurance and easy mobility.
WSGI is currently working with partners on the ARGUS ONE development: L-3 Communications Inc., a leading U.S.DoD contractor, for communications equipment development and Eastcor Engineering for technical development. WSGI was awarded a US$200,000 contract from Space Florida to create a Performance Data Package in connection with the flight testing of the ARGUS ONE in the U.S. WSGI also received approval from the Department of Defense for the testing of the ARGUS ONE.

GTC specializes in services related to the Globalstar satellite constellation, including ground station construction, satellite telecommunications voice airtime and tracking services. The acquisition of GTC is expected to add a revenue stream and will help WSGI in diversifying its product strategy. This should accelerate the company’s access to the rapidly growing global surveillance and communications market and to certain clients of GTC in particular. GTC is already
qualified to conduct business with the U.S. Government. In April 2011, WSGI received a capital commitment of US$1.5MM from Space Florida and in May and June 2011,WSGI raised US$1.7MM from a group of private investors.

In Arrowhead’s view, the dynamics of the UAV market,the company’s product portfolio and strategic partnerships are major positives for WSGI’s commercial prospects. Given due diligence and valuation estimations based on intrinsic revenue capacity of the existing product portfolio,Arrowhead believes that the company’s fair share value lies in the US$0.64to US$2.33bracket.

SOURCE: http://www.wsgi.com/index.php

Silks Corporation, a subsidiary of Sungold International Holdings Corp., is pleased to announce it is now accepting credit/debit card deposits from customers of the Racing the World horse race wagering platform. Members can now use any card from Visa, Master Card or Discover, both Domestic and International, to fund their account.

This new www.racingtheworld.com website release also includes the opportunity for horse players from Ireland and New Zealand to open accounts and enjoy RTW wagering as well. ‘This is a very important step in our objective to attract international players who can also use their credit and debit cards to fund their account’, said Les C. Rankin, President of Silks Corporation. ‘Our developers have made a few other changes under the hood in this release which we think will appeal to RTW customers’.

About Sungold International Holdings Corp.:
Sungold® is a diversified holding company in the business of developing online horserace wagering, energy management, kiosk distribution and niche market publishing in the USA, Canada and Internationally. Sungold® has four wholly owned subsidiaries: Silks Corporation, Horsepower Broadcasting Network (HBN) International Ltd., Racing Unified Network (R.U.N.) Inc., and SafeSpending Inc. Silks Corporation holds a 44% interest in Silks Media Corporation which publishes ThoroughbredStyle Magazine. Sungold® is a fully reporting public corporation trading as SGIH-OTC.PK.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company’s expectations with regard to future impact on the Company’s results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Such information may contain statements that involve risks and uncertainties and is subject to change, at any time. The Company’s results may differ materially from expected results. Information on the factors, which could affect the Company’s operations or financial results, is included in the Company’s reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission.

For more information please contact:

John McDermott
McDerMedia, Inc., Public Relations
1-888-SUN-INTL
pr@sungoldintl.com

This news release contains forward-looking statements. Forward-looking statements address future events and conditions based on the opinions and estimates of management and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE: http://www.sungoldintl.com/v2/mockup4/pressrelease.php

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Cablevision (CVC) Earnings Jump 45 Percent In 4Q

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The China of Europe is a “Buy”

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Exxon Mobil profit to widen by $2 billion | Power Penny Plays

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The World’s Biggest Social Network: QQ, China’s Facebook

The end of last week was the time of TG World Energy Corp. (CVE:TGE), (PINK:TGWEF) stock revitalizing.

The shares’ headlong bouncing up resulted from news related not so much to company’s Tindalo operations update, but more to the forthcoming acquisition of TGE.

On Friday, on the TSX Venture Exchange the trading of TGE stock got resumed by the Investment Industry Regulatory Organization of Canada, which like raised dam unleashed the hot bids on the shares of TG World Energy Corp.

Being temporarily stopped, the price soar of TGE stock touched 44.44% in a day. The trading volume of 3.5 million shares exceeded ten times the average for the company and confirmed investor expectations about the better future of TGE.

At the end of this November, TG World Energy Corp. disclosed its last financials. There, the company reported an accumulated deficit of $34,61 million since inception, a net loss of $25 million for the nine months ended September 30, 2010 and lack of any economic capacity to cover its capital needs.[BANNER]

That news reasonably lead to the stock’s repricing into the lowest possible levels up to the date of the news related to TGE acquisition by TVI Pacific Inc. (TSX:TVI), (OTCQX:TVIPF).

Although the share price of TVI is in a lower trading range ($0.08 – $0.14) than that of TGE ($0.04 – $0.21), the worthy for TVI $13.5 million deal succeeded not only to support TVI’s strategy to leverage its extensive relationships in the Philippines by entering the local oil and gas sector. It was in the power to revitalize even TGE stock.

Last Friday, the shares of TG World Energy Corp. formed a huge price gap and closed the market at $0.065. As if for the last time this year, the company’s shares bounced up from the bottom, holding the hope for their new incarnation next February.

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Is India Over-Valued?

These days, the performance of Argentex Mng Corp (CVE:ATX), (OTC:AGXM) stock presents increased buyers’ presence during the trading sessions. Yesterday, the company’s shares noted a consolidation of their power.

On the TSX Venture Exchange, ATX closed at $0.85, adding 13.3% in value between the sessions. The tripled volume traded resulted from the bold bullish mood of investors.

On the American OTCQB market, AGXM was one of the favorite investor picks for the day. AGXM soared 6.76%, also on a heavy volume.

Formally, the most significant in the company’s history private placement was finalized.

Yesterday, the International Finance Corporation (IFC) filled with the SEC to have acquired beneficial ownership of 19.9% of the company’s shares.

At the end of September, days after reporting the highest-grade silver mineralization ever discovered on its Pinguino property in Argentina, Argentex Mining Corporation released more good news.[BANNER]

ATX signed a definitive agreement with the IFC, a member of the World Bank Group., according to which IFC agreed to invest in ATX through a private placement for gross proceeds of C$ 7,347,200. The company planed to use the funds raised in this private placement for the further development of its Pinguino project.

Argentex Mining Corporation owns 100% mineral rights for its 24 Santa Cruz properties, including Pinguino. The properties were acquired in 2004 and are situated in southern Argentina, approximately 1,050 miles (1,700 kilometers) from the capital Buenos Aires.

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