(Dallas, TX. – October 19, 2011) StockGuru Shines its Spotlight on Balaton Power Inc. (OTCBB: and OTCQB: BPWRF). The Company announced yesterday further details regarding its engagement of The Eversull Group for Financial Public Relations, Investor Relations and Shareholder Consulting Services. The Company closed on October 18, 2011, at $0.04, trading in a fifty-two week range of $0.105 – 0.0215.
The Eversull Group was established in 1997 and is based in Frisco, Texas, a suburb of Dallas. The Eversull Group has been successful in achieving national and international media coverage for its clients. The Eversull Group has also been successful in assisting OTCBB companies to achieve listings on primary stock exchanges.
Michael Rosa, President of Balaton, stated, “We believe The Eversull Group’s experience and track record suggests it will do a professional job in helping Balaton grow through financial and media coverage, investor and shareholder relations. The Eversull Group was recommended to us and we feel they are the perfect firm to work with.”
Jack Eversull, President of The Eversull Group, remarked, “One of our specialties is mining, precious metals and natural resource companies and we like the potential we see in Balaton. We have considerable experience with this sector and look forward to working with Balaton’s management team.”
The Eversull Group will assist Balaton in developing a strategy to communicate to its shareholders and to the financial investment community.
Balaton is a mining exploration and development company currently pursuing mineral projects in both India and Canada. Balaton’s principle projects are:
1. Indian Bauxite Deposit: Balaton is pursuing an interest in a bauxite project in the Gandhamardan region of India and is currently seeking approval of the Government of the State of Orissa in India to a revised a Joint Venture Agreement between Balaton’s wholly owned subsidiary, Continental Resources (USA) Ltd. (“CRL”), and Orissa Mining Corporation. CRL has an agreement with VISA International Ltd. providing for the exploration and potential development of the Gandhamardan Bauxite Deposit on the basis of Visa 74% and CRL 26% subject to certain terms and conditions.
2. Voisey’s Bay West Property: Balaton holds the right to earn up to 80% interest, subject to a 2% royalty, in the Voisey’s Bay West Property (the “Property”). The Property is comprised of four mineral licenses (388 claims) covering an area of approximately 9,700 hectares (23,970 acres) located on the east coast of northern Labrador, Canada, and is contiguous to and adjoins the west side of Vale Canada’s Voisey’s Bay property. The Property lies between 13.5 and 20 kilometers (8 to 12.5 miles) west of Vale’s main Voisey’s Bay discovery. Balaton is currently in the preliminary exploration stage of the Property for nickel, copper and cobalt deposits and has to date completed an airborne geomagnetic survey on certain areas of interest (see news release dated June 1, 2011).
Forward Looking Statement:
Certain statements in this press release may be considered forward-looking information, including those relating to the “expectations” “intentions” or “plans” of the Company. Such information involves known and unknown risks, uncertainties and other factors — including the approvals of regulators, availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, project costs or unanticipated costs and expenses and other risks identified by the Company in its public securities filings — that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view this StockGuru Spotlight, please visit: http://www.stockguru.com/category/latest-spotlights/
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at email@example.com. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: firstname.lastname@example.org.
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031