Asian Activities Report for April 6, 2011: Motopia Limited (ASX:MOT) Bolsters Business Wire Online Reach in Australia And New Zealand
Sydney, April 6, 2011 AEST (ABN Newswire) - Australia's mobile marketing solutions provider Motopia Limited (ASX:MOT) said today that its subsidiary cBox Pty Ltd has been appointed as Business Wire's Australasian media distribution partner. cBox is creating a network of guaranteed web posting sites and mobile delivery platforms to significantly expand Business Wire's online visibility in the Australia and New Zealand markets. Web sites that have already joined the online network are experiencing greater traffic, creating the potential for new revenue opportunities.
MACA Limited (ASX:MLD) has been awarded a 60 month contract by WPG Resources Limited (ASX:WPG) for the Peculiar Knob Iron Ore Project in South Australia. MACA will provide crushing and screening services as well as train loading operations. The contract will generate approximately A$127 million in revenue over a period of 5 years. Mobilisation is expected in the first calendar quarter of 2012.
Rey Resources Limited (ASX:REY) has upgraded the estimated resources at Duchess Paradise Thermal Coal Project in Western Australia to 305.8 million tonnes, a 9% increase over the 2009 estimate. The Company is on track to complete Definitive Feasibility Study of the Project by June 2011 and will commence a drilling program in the second quarter of 2011.
Circadian Technologies Limited (ASX:CIR) said today that its anti-cancer therapeutic, VGX-100, significantly inhibits tumour growth and spread in a variety of different mouse models of human cancer including lung, ovarian and prostate cancer. Subject to the successful completion of the animal safety/toxicology studies, Circadian intends to file an Investigational New Drug application with the US Food And Drug Administration in the third quarter of 2011 in order to begin human clinical trials of VGX-100.
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