Archive for 'Forward-looking statement'

Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, announced today the declaration of a quarterly dividend on its common stock in the amount of $1.30 per share, payable on September 12, 2011 to stockholders of record as of September 1, 2011.

The Company’s Board of Directors also approved a new share repurchase program, authorizing the Company to repurchase in the aggregate up to $750 million of its outstanding common stock. On August 9, 2011, the Company completed repurchases under its $1.4 billion share repurchase program, which was announced on August 20, 2010 and amended on May 19, 2011. Purchases by the Company under the new program may be made from time to time at prevailing market prices in open market purchases, privately negotiated transactions, block purchase techniques or otherwise, as determined by the Company’s management. The purchases will be funded from existing cash balances.

“Last week’s successful $750 million debt financing represented another significant step toward our objective of more effectively utilizing our balance sheet, a process that began more than two years ago,” stated David H. Taylor, Executive Vice President, Finance and Planning, and Chief Financial Officer. “Today’s announcement that the Board has authorized a new share repurchase program, combined with the declaration of the Company’s regular quarterly dividend, reinforces the Company’s intent to return cash to shareholders.”

This program does not obligate the Company to acquire any particular amount of its common stock. The timing, frequency and amount of repurchase activity will depend on a variety of factors such as levels of cash generation from operations, cash requirements for investment in the Company’s business, current stock price, market conditions and other factors. The share repurchase program may be suspended, modified or discontinued at any time and has no set expiration date.

About Lorillard, Inc.

Lorillard, Inc. (NYSE: LO), through its Lorillard Tobacco Company subsidiary, is the third largest manufacturer of cigarettes in the United States. Founded in 1760, Lorillard is the oldest continuously operating tobacco company in the U.S. Newport, Lorillard’s flagship menthol-flavored premium cigarette brand, is the top selling menthol and second largest selling cigarette in the U.S. In addition to Newport, the Lorillard product line has four additional brand families marketed under the Kent, True, Maverick, and Old Gold brand names. These five brands include 43 different product offerings which vary in price, taste, flavor, length and packaging. Lorillard maintains its headquarters and manufactures all of its products in Greensboro, North Carolina.

Forward-Looking Statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words “expect,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “may,” “will be,” “will continue,” “will likely result” and similar expressions. In addition, any statement that may be provided by management concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects and possible actions by Lorillard, Inc. are also forward-looking statements as defined by the Reform Act.

Forward-looking statements are based on current expectations and projections about future events and are inherently subject to a variety of risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those anticipated or projected. Information describing factors that could cause actual results to differ materially from those in forward-looking statements is available in Lorillard, Inc.’s filings with the Securities and Exchange Commission (the “SEC”), including but not limited to, our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These filings are available from the SEC over the Internet or in hard copy, and are available on our website at www.lorillard.com. Forward-looking statements speak only as of the time they are made, and we expressly disclaim any obligation or undertaking to update these statements to reflect any change in expectations or beliefs or any change in events, conditions or circumstances on which any forward-looking statement is based.

http://www.lorillard.com

Perfect World Co., Ltd. (NASDAQ: PWRD) (“Perfect World” or the “Company “) , a leading online game developer and operator based in China, today announced that, as of August 7, 2011, the Company had repurchased an aggregate of 1,348,849 American Depositary Shares (“ADSs”) on the open market under the ADS repurchase program to repurchase up to USD100 million of the Company’s ADS from March 2011 to March 2012, as authorized by the Board. Perfect World expects to continue to implement its share repurchase program in a manner consistent with market condition and the interest of the shareholders, subject to the restrictions relating to volume, price and timing under applicable law.

About Perfect World Co., Ltd. (http://www.pwrd.com)

Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game developer and operator based in China.  Perfect World primarily develops online games based on proprietary game engines and game development platforms.  Perfect World’s strong technology and creative game design capabilities, combined with extensive knowledge and experiences in the online game market, enable it to frequently and promptly introduce popular games designed to cater changing customer preferences and market trends.  Perfect World’s current portfolio of self-developed online games includes massively multiplayer online role playing games (“MMORPGs”): “Perfect World,” “Legend of Martial Arts,” “Perfect World II,” “Zhu Xian,” “Chi Bi,” “Pocketpet Journey West,” “Battle of the Immortals,” “Fantasy Zhu Xian,” “Forsaken World,” “Dragon Excalibur,” and “Empire of the Immortals;” and an online casual game: “Hot Dance Party.”  While a substantial portion of the revenues are generated in China, Perfect World’s games have been licensed to leading game operators in a number of countries and regions in Asia, Latin America and the Russian Federation and other Russian speaking territories.  Perfect World also generates revenues from game operations in North America, Europe and Japan.  Perfect World plans to continue to explore new and innovative business models and remains deeply committed to maximizing shareholder value over time.

Safe Harbor Statements

This press release contains forward-looking statements.  These statements constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements.  Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.  Potential risks and uncertainties include, but are not limited to, Perfect World’s limited operating history, its ability to develop and operate new games that are commercially successful, the growth of the online game market and the continuing market acceptance of its games and in-game items in China and elsewhere, its ability to protect intellectual property rights, its ability to respond to competitive pressure, its ability to maintain an effective system of internal control over financial reporting, changes of the regulatory environment in China, and economic slowdown in China and/or elsewhere.  Further information regarding these and other risks is included in Perfect World’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.  Perfect World does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For further information, please contact
Perfect World Co., Ltd.
Vivien Wang
Vice President, Investor Relations & Corporate Communications
Tel: +86-10-5780-5700
Fax: +86-10-5780-5713
Email: ir@pwrd.com
http://www.pwrd.com
Christensen Investor Relations
Kathy Li
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: kli@christensenir.com
Teal Willingham
Tel: +86-10-5826-4727
Fax: +86-10-5826-4838
Email: twillingham@christensenir.com

http://www.pwrd.com

Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG” or the “Company”) announced it has closed a new $100 million senior secured revolving credit facility with additional borrowing capacity up to $110 million. The Company intends to utilize the facility to fund growth.

Michael Gross, Chief Executive Officer of MHG said, “Over the past several months, we have made tremendous strides in positioning ourselves to grow and increase shareholder value.  This credit facility will provide capital to help expand our brands to deliver exceptional experiences for our guests in key markets in the U.S. and around the world.”

Borrowings under the facility are subject to a borrowing base test and upon closing, the Company’s availability is the full $100 million.  The interest rate is LIBOR plus 4.0%, subject to a LIBOR floor of 1.0%.   The facility matures in three years and is secured by Delano in South Beach.  The credit facility contains standard financial covenants, including a minimum fixed charge coverage ratio of 1.05x in the first year and 1.10x thereafter.

Deutsche Bank Securities Inc. and affiliates are acting as the Lead Arranger and Administrative Agent for the facility and Aareal Capital Corporation, Citibank, N.A. and MidFirst Bank are also lenders.

About Morgans Hotel Group

Morgans Hotel Group Co. (NASDAQ: MHGC) is widely credited as the creator of the first “boutique” hotel and a continuing leader of the hotel industry’s boutique sector.  Morgans Hotel Group operates Morgans, Royalton and Hudson in New York, Delano and Shore Club in South Beach, Mondrian in Los Angeles, South Beach and New York, Clift in San Francisco, Ames in Boston, Sanderson and St Martins Lane in London, and a hotel in Playa del Carmen, Mexico.  Morgans also owns, or has ownership interests in, several of these hotels.  Morgans Hotel Group has other property transactions in various stages of completion including a Delano in Cabo San Lucas, Mexico, a Delano in Turkey, a Mondrian in Doha, Qatar and a hotel in New York to be branded with one of MHG’s existing brands. For more information please visit www.morganshotelgroup.com.

Forward-Looking and Cautionary Statements

This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things, the operating performance of our investments and financing needs and prediction of certain future other events. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “expect,” “anticipate,” “estimate” “believe,” “project,” or other similar words or expressions. These forward-looking statements reflect our current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results or other future events to differ materially from those expressed in any forward-looking statement. Important risks and factors that could cause our actual results to differ materially from those expressed in any forward-looking statements include, but are not limited to economic, business, competitive market and regulatory conditions such as: a sustained downturn in economic and market conditions, particularly levels of spending in the business, travel and leisure industries; continued tightness in the global credit markets; general volatility of the capital markets and our ability to access the capital markets; our ability to refinance our current outstanding debt and to repay outstanding debt as such debt matures; our ability to protect the value of our name, image and brands and our intellectual property; risks related to natural disasters, such as earthquakes, volcanoes and hurricanes; hostilities, including future terrorist attacks, or fear of hostilities that affect travel; and other risk factors discussed in Morgans’ Annual Report on Form 10-K for the fiscal year ended December 31, 2010, and other documents filed by Morgans with the Securities and Exchange Commission from time to time. All forward-looking statements in this press release are made as of the date hereof, based upon information known to management as of the date hereof, and Morgans assumes no obligations to update or revise any of its forward-looking statements even if experience or future changes show that indicated results or events will not be realized.
http://www.morganshotelgroup.com

Fortune Oil and Gas’ (PINK SHEETS:FOGC; http://www.fortuneoilandgascorp.com) subsidiary Cressent Energy (http://www.cressentenergy.com/) is pleased to provide an update on the development plans of the company’s most promising leases in Texas.

Cressent is proceeding with oil extraction preparations on the Liberty Salt Dome, an area south of Houston that Cressent purchased as six individual leases in 2010 as Proven Undeveloped Drill Sites (PUDS). Several older wells are in place in this area, and Cressent is starting the reconditioning phase of these wells so it can move into oil development of these leases.

The reconditioning consists of checking the fluid levels and swabbing the wells, or getting rid of the salt water. Following this, Cressent will proceed with cleaning of the gravel packs and building the pad for the rig around the wells and clearing flow lines to the tank batteries.

Barring any drilling permit delays, Cressent management expects to have the first well drilled in Q3 of 2011. Profit for the company is anticipated within three months after opening. The company aims to drill up to 5 wells on this field.

More details will follow shortly on Alta Mining, FOGC’s mining subsidiary.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Fortune Oil & Gas, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be,” “expects,” “may affect,” “believed,” “estimate,” “project” and similar words and phrases are intended to identify such forward-looking statements. Fortune Oil & Gas, Inc. cautions you that any forward-looking information provided by or on behalf of Fortune Oil & Gas, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Fortune Oil & Gas, Inc.’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Fortune Oil & Gas, Inc.’s control. In addition to those discussed in Fortune Oil & Gas, Inc.’s press releases, public filings, and statements by Fortune Oil & Gas, Inc.’s management, including, but not limited to, Fortune Oil & Gas, Inc.’s estimate of the sufficiency of its existing capital resources, Fortune Oil & Gas, Inc.’s ability to raise additional capital to fund future operations, Fortune Oil & Gas, Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Fortune Oil & Gas, Inc.’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Fortune Oil & Gas, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Fortune Oil & Gas, Inc.

Investor Relations
1-647-426-1640
www.minamargroup.net/helpdesk

Investor Relations Department Inquiries
www.minamargroup.net

For M&A and Corporate Matters
www.minamargroup.com

http://www.fortuneoilandgascorp.com
http://www.cressentenergy.com

Drilling for Oil

Drilling for Oil-Image via Wikipedia

Westmont Resources, Inc. (OTCQB: WMNS), announced today that they have completed an agreement that will extend Westmont’s reach and resources with the acquisition of a total of 3,400 acres and 120 existing wells in the Marcellus Shale region in the southwest tier of Pennsylvania and northwest tier of West Virginia.  Westmont begins implantation of Phase 1 of it operations plan to increase production to over 3,500 barrels per month by the end of the 2011 calendar year.

Preliminary production on the leaseholds has 11 working wells, of the 120 currently drilled on the properties, producing .6 to .9 barrels of oil per day per well.  Total daily production is averaging 7.7 barrels of oil per day from these 11 working wells.  April production totaled 231 barrels or $23,331 in gross revenue from production.

Westmont anticipates placing into production an additional 33 wells by the end of May 2011 for a total of 44 working wells by the end of our fiscal year May 31, 2011.  We anticipate revenue to increase to over $105,000 per month by the end of May 2011 from the production of these first 44 working wells.  Upon completion of the first phase of our production program, Westmont anticipates having 170 of the 212 existing wells in production earning estimated gross revenues of $321,300 per month based on current oil pricing in excess of $90 per barrel.

“Our specialty is applying cutting-edge technology in order to ‘wring additional value from’ long-lived, low risk natural gas and oil properties – To squeeze more oil out of mature basins.  These new Pennsylvania and West Virginia assets are an excellent fit with our existing core areas and will expand our portfolio.  Phase 2 of our production program will include the implementation of our patented, proprietary technology to increase production by a factor of 6 with anticipated production in excess of 5 barrels a day per well.  Our estimated monthly gross revenue would increase from an estimated $321,300 to over $2,295,000 after implantation of our technology on all existing wells,” said Glenn McQuiston, Westmont’s President.

About Westmont Resources

Westmont Resources is an independent natural resource and development company headquartered in Bellevue, Washington, with principal operations in the United States.  Westmont’s business model emphasizes the acquisition and operation of existing producing assets, in the oil and gas industry.  As new technologies expand both the exploration possibilities and production of oil and gas in the face of ever-rising demand, obtaining peak efficiency and production from existing aging wells becomes increasingly profitable.  Westmont Resources is committed to significant growth as it pursues its strategy to combine and consolidate assets and companies in the oil and natural gas production and services sectors.  For more information about Westmont Resources Inc, visit the company’s website at www.westmontresources.com

Safe Harbor Statement

This press release contains forward-looking statements regarding Westmont Resources Inc within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management’s current expectations and cannot be guaranteed.  The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting Westmont Resources Inc.  Forward-looking statements speak only as of the date on which they are made and Westmont Resources Inc undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.

Marc Peterson – Investment Relations
1-(888)-264-2738 (TOLL FREE)
info@westmontresources.com

http://www.westmontresources.com

Dice Holdings, Inc. (NYSE: DHX) today announced a public offering of 8,000,000 shares of common stock by certain stockholders, including affiliates of General Atlantic LLC and Quadrangle Group LLC. The Company will not receive any of the proceeds from the offering of shares by the selling stockholders.

Credit Suisse is acting as the sole underwriter for the offering.

A shelf registration statement relating to the offering of the common stock has previously been filed with the U.S. Securities and Exchange Commission and has become effective. The offering is being made only by means of a prospectus supplement and accompanying prospectus, forming an effective part of the registration statement. Before investing, you should read the prospectus supplement and the accompanying prospectus for information about Dice Holdings, Inc., the selling stockholders and this offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A copy of the prospectus relating to the offering may be obtained from Credit Suisse, Attn: Prospectus Dept., One Madison Avenue, New York, NY 10010, telephone:  800-221-1037.

About Dice Holdings, Inc.

Dice Holdings, Inc. (NYSE: DHX) is a leading provider of specialized career websites for professional communities, including technology and engineering, financial services, energy, healthcare, and security clearance. Our mission is to help our customers source and hire the most qualified professionals in select and highly skilled occupations, and to help those professionals find the best job opportunities in their respective fields and further their careers. For more than 20 years, we have built our company by providing our customers with quick and easy access to high-quality, unique professional communities and offering those communities access to highly relevant career opportunities and information. Today, we serve multiple markets primarily in North America, Europe, the Middle East, Asia and Australia.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions, including without limitation statements under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors in the highly competitive developing market in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, the failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, the failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under our credit facility. These factors and others are discussed in more detail in the Company’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2010, under the headings “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and which is incorporated by reference into the prospectus.

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

Investors & Media Contact:

Dice Holdings, Inc.
Jennifer Bewley, 212-448-4181
Director, Investor Relations & Corporate Communications
ir@dice.com
http://www.diceholdingsinc.com

Gulf West Investment Properties, Inc. (Pink Sheets: GLFW) has completed negotiations with its lenders to reduce the outstanding mortgage balances on the properties it owns in South Tampa.

“The lenders have jointly agreed to reduce our outstanding balances on the mortgages from $4,000,000 to $1,000,000,” said Gary Gauthier, President/CEO, Gulf West Investment Properties, Inc. (Pink Sheets: GLFW). “The repayment timeframes are currently being finalized.”

About Gulf West Investment Properties, Inc

Gulf West Investment Properties, Inc. (Pink Sheets: GLFW) is a development & investment company. GLFW develops new projects with traditional design, or old projects redesigned with new ideals. GLFW provides investment portfolios & opportunities in property building and management. Gulf West Investment Properties Inc. plans to continue developing and expanding its business plan over the next twelve months. GLFW plans to take advantage of reduced construction and labor costs and lower prices due to increased inventory.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company’s operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward-looking statement.

CONTACT: Alan Jones, +1-727-771-9500, cjones@cjonesconsulting.com

Dice Holdings, Inc. (NYSE: DHX) today announced a public offering of common stock by certain stockholders, including affiliates of General Atlantic LLC, Quadrangle Group LLC, as well as by the Company, including senior management. In connection with the offering, certain of the selling stockholders have granted to the underwriters an option to purchase up to a specified percentage of additional shares. The Company will not receive any of the proceeds from the offering of shares by the selling stockholders.

Dice Holdings, Inc. will use the net proceeds that it receives from the offering to repurchase an equal number of shares of the Company’s common stock from certain members of its senior management and board of directors.

Jefferies & Company, Inc. is the lead book-running manager of the offering and Stifel Nicolaus Weisel and William Blair & Company are serving as book-running managers.

A shelf registration statement relating to the offering of the common stock has previously been filed with the U.S. Securities and Exchange Commission and has become effective. The offering is being made only by means of a prospectus supplement and accompanying prospectus, forming an effective part of the registration statement. Before investing, you should read the prospectus supplement and the accompanying prospectus for information about Dice Holdings, Inc., the selling stockholders and this offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A copy of the prospectus relating to the offering may be obtained from Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, telephone: (877) 547-6340, email: Prospectus_Department@Jefferies.com or from Stifel, Nicolaus & Company, Incorporated, Equity Syndicate Department, One Montgomery Street, Suite 3700, San Francisco, California 94104, Attention: General Counsel, or by phone at (415) 364-2500 or from William Blair & Company L.L.C., Attention:  Mailroom, 222 West Adams Street 14th Floor, Chicago, IL 60606 or by phone at (312) 364-8600.

About Dice Holdings, Inc.

Dice Holdings, Inc. (NYSE: DHX) is a leading provider of specialized career websites for professional communities, including technology and engineering, financial services, energy, healthcare, and security clearance. Our mission is to help our customers source and hire the most qualified professionals in select and highly skilled occupations, and to help those professionals find the best job opportunities in their respective fields and further their careers. For more than 20 years, we have built our company by providing our customers with quick and easy access to high-quality, unique professional communities and offering those communities access to highly relevant career opportunities and information. Today, we serve multiple markets primarily in North America, Europe, the Middle East, Asia and Australia.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions, including without limitation statements under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors in the highly competitive developing market in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, the failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, the failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under our credit facility. These factors and others are discussed in more detail in the Company’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2010, under the headings “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and which is incorporated by reference into the prospectus.

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

Investors & Media Contact:
Dice Holdings, Inc.
Jennifer Bewley, 212-448-4181
Director, Investor Relations & Corporate Communications
ir@dice.com
Web site: http://www.diceholdingsinc.com/
Senetek Plc (OTC Bulletin Board: SNKTY) Oil Wells Show Promising Results

Senetek Plc (OTC Bulletin Board: SNKTY) Oil Wells Show Promising Results-Image via Wikipedia

Senetek Plc (OTC Bulletin Board: SNKTY) announced today an update on its oil project in Dawson County, Texas in which the Company holds a 15% working interest. In review, during the quarter ended September 30, 2010 drilling commenced on the initial test well (the Riggin #1). This well was completed for production and achieved commercial production in November, 2010. The well was completed in the Mississippian formation, which was the lowest of the targeted production horizons, and after initial production rates in the 50-70 barrel per day ranges, has leveled off at a steady production rate of approximately 30 barrels per day, with virtually no water cut.

During the quarter ended December 31, 2010 drilling commenced on the second test well (the McCarthy #1). The well commenced drilling during the first week of January, 2011, and achieved a total depth of 10,500 feet. The well was logged and several zones including the Upper Spraybury formation, the Pennsylvanian formation and the Mississippian formation showed the presence of hydrocarbons. The Mississipian formation in particular showed over 25 feet of pay with porosities up to 14%. Completion of that zone is planned with flow rate tests on the well scheduled for the week of February 14, 2011.

Howard Crosby, President of Senetek remarked, “We are very excited about the results from the logging of the McCarthy #1 well. With porosities over 25 feet ranging from 9-14%, we are expecting this to be a very productive well from the Mississippian horizon.” Details of further development plans and results will be available in forthcoming press releases as they become available.

This news release contains statements that may be considered ‘forward-looking statements’ within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements by their nature involve substantial uncertainty, and actual results may differ materially from those that might be suggested by such statements. Important factors identified by the Company that it believes could result in such material differences are described in the Company’s Annual Report on Form 10-K for the years 2008 and 2009 and subsequent Quarterly Reports on Form 10-Q. However, the Company necessarily can give no assurance that it has identified or will identify all of the factors that may result in any particular forward-looking statement materially differing from actual results, and the Company assumes no obligation to correct or update any forward-looking statements which may prove to be inaccurate, whether as a result of new information, future events or otherwise.

DiamondRock Hospitality Company (“DiamondRock”) (NYSE: DRH) today announced the pricing of its public offering of 11,000,000 shares of its common stock at a price of $12.15 per share.  The underwriter has been granted a 30-day option to purchase up to an additional 1,650,000 shares of common stock.

We expect to contribute the net proceeds from this offering to our operating partnership. Our operating partnership will subsequently use $20 million to pay the deposit required under the purchase and sale agreement for the to-be-developed hotel that we have under contract to purchase upon completion of development and the remainder for investment in future acquisitions of hotel properties or other assets in accordance with our investment policies and for general working capital purposes.

Goldman, Sachs & Co. served as sole book-running  manager for the offering.  A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1.866.471.2526, facsimile: 1.212.902.9316, email prospectus-ny@ny.email.gs.com.

A prospectus supplement relating to these securities has been filed with the Securities and Exchange Commission.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.  Any offer or sale will be made only by means of the written prospectus forming part of the effective registration statement.

About the Company

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of premium hotel properties. DiamondRock owns 23 hotels with approximately 10,700 guestrooms and holds a senior loan secured by another hotel.

This press release contains forward-looking statements within the meaning of federal securities laws and regulations.  These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” “continue” and other similar terms and phrases, including references to assumptions and forecasts of future results.  Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made.  These risks include, but are not limited to: the terms and size of the offering, national and local economic and business conditions that will affect occupancy rates at our hotels and the demand for hotel products and services; operating risks associated with the hotel business; risks associated with the level of our indebtedness and our ability to meet covenants in our debt agreements; relationships with property managers; our ability to maintain our properties in a first-class manner, including meeting capital expenditure requirements; our ability to complete planned renovation on budget; our ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; changes in travel patterns, taxes and government regulations which influence or determine wages, prices, construction procedures and costs; our ability to complete acquisitions; our ability to raise equity capital; the performance of acquired properties after they are acquired; necessary capital expenditures on the acquired properties; and our ability to continue to satisfy complex rules in order for us to qualify as a REIT for federal income tax purposes; and other risks and uncertainties associated with our business described from time to time in our filings with the Securities and Exchange Commission.  Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material.  All information in this release is as of the date of this release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.

CONTACT: Christopher King, +1-240-744-1150

Web Site: http://www.diamondrockhospitality.com

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