ABN Newswire http://www.abnnewswire.net Wed, 30 May 2012 01:12:46 newsroom@abnnewswire.net newsroom@abnnewswire.net 60 <![CDATA[ Australian Market Report of November 3, 2010: Medic Vision (ASX:MVH) To Launch mOne Mobile Advertising Platform ]]> en64083 Y http://www.abnnewswire.net/press/en/64083/ Wed, 3 Nov 2010 11:03:22 GMT Medic Vision Limited (ASX:MVH) said today that its soon-to-be-wholly-owned-subsidiary, mConnect Group, will unveil its highly anticipated, game changing, mOne mobile advertising platform for brands and marketing agencies at Ad Tech New York. mOne will allow users to have far greater control of their mobile advertising campaigns, drastically reduce the resources required to manage campaigns, allow instant performance comparisons between different ad networks and facilitate a far wider audience reach. With the release of mOne, Medic Vision Limited, soon to be re-named Motopia Limited, aims to become a major force in the fast growing Mobile Advertising industry.

TZ Limited (ASX:TZL) advised that its wholly owned subsidiary, Telezygology, Inc., has entered into formal negotiations with Gaming Support BV that will support the commercialization of TZ Limited's technology into the gaming industry. Under the proposed agreement, Gaming Support will invest in the development of a multi-application demonstration display to deliver strong and compelling propositions for casino operators. The display will be showcased at the International Casino Expo in London in January 2011.

Dragon Mountain Gold Limited (ASX:DMG) has completed four holes in an area 240 to 400m west of its Jinshan 30 Drilling Program, part of the Lixian Gold Project in Gansu Province, China. Assay results from the first hole have returned 15.6m at 0.68 g/t Au while results from the other three holes are pending. This exploration drill hole has confirmed gold mineralisation and the significant upside potential of the Jinshan orebody.

Hansen Technologies Limited (ASX:HSN) has acquired US-based NirvanaSoft Inc., a provider of proprietary software for complex billing solutions to Electricity and Gas utilities in North America. The acquisition of NirvanaSoft represents approximately a 50% increase in North American-sourced revenue for Hansen through a doubling of Hansen's existing North America energy billing customer base. This transaction emphasizes Hansen's commitment to an increasing presence in the North American market and also allows North American energy utilities to benefit from Hansen's additional complex billing technology and smart-grid functionality.

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]]> newsroom@abnnewswire.net <![CDATA[ Asian Markets Overview of February 12 ]]> en62269 Y http://www.abnnewswire.net/press/en/62269/ Fri, 12 Feb 2010 13:30:14 GMT Wall Street Thursday rallied overnight as European leaders pledged to help Greece avert its sovereign debt crisis. US labour data gave the market a further boost. The Labour Department's report that first-time claims for jobless benefits fell more than expected last week also supported the market.

Asian markets were higher Thursday. Hong Kong's Hang Seng Index gained 1.9 per cent and South Korea's Kospi advanced 1.8 per cent. China's Shanghai Composite closed flat with thin trade ahead of the upcoming Lunar New Year, despite a slower than CPI growth eased worries of rate increase.

Company News

Dutch printer maker Oce NV (AMS:OCE) has revised its strategic alliance with Konica Minolta Holdings Inc (TYO:4902), due to the public offer made by Japan's Canon Inc (TYO:7751). Canon announced plans to acquire a 100% stake in Oce last November. Oce and Konica Minolta have stopped their joint development activities, but reached a new OEM sales agreement.

Rio Tinto Ltd. (ASX:RIO) reported full year net profit rose 33% to US$4.87 billion from US$3.7 billion in the prior year. The company restated guidance for a total cash dividend in 2010 at least equal to the payout of US$1.75 billion in 2008. The result beats market expectations with a turnaround in a turbulent year. The company was upbeat on its forecasts for 2010, saying it was experiencing a broad uplift in demand for its commodities.

Korea Life Insurance Co. (SEO:088350), the No.2 life insurer of South Korea, said Thursday it is targeting to raise up to KRW2.31 trillion in its initial public offering in March, which will be one of the largest-ever IPOs in the country. It set an indicative price range at KRW9,000-KRW11,000 per share for the IPO.

Bank of East Asia Ltd.'s (HKG:0023) said that net profit in the 12 months ended Dec. 31 rose sharply to HK$2.57 billion from HK$39 million in 2008. The lender's non-interest income totalled HK$3.44 billion in 2009, compared with a non-interest expense of HK$336 million in 2008. The lender said it will focus on boosting its operations in China.

Singapore-listed sports marketing company RSH Ltd. (SIN:R04) Thursday said majority shareholder Golden Ace Pte. Ltd., which is an indirectly wholly-owned subsidiary of Dubai's Emaar Properties (DFM:EMAAR), has mandated DBS Bank for a possible sale of its shareholding in the company. The Dubai-based property giant's 61.3 per cent stake in the RSH Holdings is currently valued at US$164 million.

Michelle Liang
Asia Business News Asia Bureau
TEL: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net

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