(SHZ, NAII, FTI) PennyOmega.com Watch List for Tuesday May 15, 2012
SHZ, China Shen Zhou Mining & Resources, Inc.
** SHZ reported that the Keyinbulake Mine of Xingzhen, a subsidiary of SHZ located in Buerjin County, Aletai District, Xinjiang Uygur Autonomous Region, has received positive feedback on the production of non-ferrous metals.
SHZ made positive progress after a few years exploring and prospecting the Keyinbulake Mine.
According to SHZ, starting in the second quarter of 2012, the Keyinbulake Mine begins to process high-grade zinc ores and high-grade copper ores instead of only low-grade zinc ore as before.
SHZ, through its subsidiaries, is engaged in the exploration, development, mining, and processing of fluorite, barite and nonferrous metals such as zinc, lead and copper in China.
More about SHZ at www.chinaszmg.com
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NAII, Natural Alternatives International, Inc.
** For the quarter ended March 31, 2012, NAII posted net sales of $17.4 million, a 30.3% increase year over year, and net income of $1.068 million or $0.15 per diluted share, compared to $181,000 or $0.03 per diluted share, in the same period the prior year.
NAII is a leading formulator, manufacturer and marketer of nutritional supplements and provides strategic partnering services to its customers.
More about NAII at www.nai-online.com.
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FTI, FMC Technologies, Inc.
** FTI reported that it has signed an agreement with Technip France, on behalf of the Technip Samsung Consortium (TSC), to supply offshore loading arm systems as part of the Shell Prelude Floating Liquefied Natural Gas (FLNG) Project.
FTI’s scope of supply includes seven offshore footless marine loading arms, four for liquefied natural gas and three for liquefied petroleum gas. FTI’s Loading Systems business in Sens, France will design and manufacture the equipment.
FTI is a leading global provider of technology solutions for the energy industry. FTI designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.
More about FTI at www.fmctechnologies.com.
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