Archive for January, 2014

China TechFaith plans to expand shipments of ruggedized Android JPAD

Sunday, January 26th, 2014

British Virgin Islands-registered company China TechFaith Wireless Technology Limited made an announcement that in February 2014 it will expand shipments of its ruggedized Android JPAD into Russia and South Africa

JPAD ruggedized PAD, presented by the BVI company in 2013, was designed on the robust Android operating system operating on QUAD Core CPU. It is dust resistant and water resistant up to 1.5 meters, and is able to operate in extreme temperatures, TechFaith’s JPAD is a dual sim card devise, with an ultra-long battery life of 6000mah.

Mr. Deyou Dong, President and COO of TechFaith, said: “We continue to find very encouraging demand for our ruggedized mobile phones and JPADs in both the retail and enterprise segments. Consumers are reluctant to make an investment on a new device knowing that it will likely be dropped, cracked, broken or severely damaged – often within just hours or days of purchase. By offering ruggedized versions, TechFaith is giving consumers the powerful technology experience and features they demand with the durability they need. The combination represents a value added offering to the market and one benefiting from increased traction in our domestic China market and in vibrant international markets, including Russia and South Africa.”

West African Minerals Corp. reported unaudited interim financial results

Friday, January 10th, 2014

West African Minerals Corporation, the British Virgin Islands company focused on the sphere of iron ore mining and exploration, has announced its unaudited interim consolidated financial statements for the six months period ended 30 September 2013. According to company’s financial highlights, its total assets fallen by 21.2%, from £29.7 million at 31 March 2013 to £23.4 million in the reported period. This became to a large extent the result of impairment recognized in respect of Dja and Minko licence permits. In the period ended 30 September 2013, cash remained over £3.5 million, as compared to £9.4 million at 31 March 2013. Basic and diluted loss per share also increased and made £0.0221 (£0.0056 at 31 March 2013).

Brad Mills, President of West African Minerals Corporation, said in his comments on the six month results of the company: “2013 was an important year for WAFM as it moved from regional exploration to detailed definition drilling of two of its Cameroon licenses, Binga and Djadom…We anticipate Binga will become the major focus for work in 2014.”