| BJs Wholesale Club Inc (NYSE:BJ) Authorizes Repurchase of Common Stock | OroFino Gold (ORFG) New Hot Stock |
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| Tuesday, 30 March 2010 17:53 |
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BJ’s Wholesale Club, Inc. (NYSE:BJ) has received authorization from its Board of Directors for the repurchase of an addition $200 million of the company’s common stock. $271.8 million is available for share repurchases. The company recently announced plans to spend $100 million on share repurchases in 2010 during a year end conference call on March 3, 2010. The company has noted that stock repurchases may be made at management’s discretion. Repurchases will take place in the open market or in privately negotiated transactions. BJ’s Wholesale Club (BJ’s) is a warehouse club operator in the Eastern United States. As of January 31, 2009, the Company operated 180 BJ’s warehouse clubs, 102 of which operate gasoline stations, in 15 states. Its warehouse clubs includes the sales of food, general merchandise, gasoline and other specialty businesses. As of January 31, 2009, the Company operated 161 full-sized warehouse clubs that averaged approximately 113,000 square feet and 19 smaller format warehouse clubs that averaged approximately 71,000 square feet. Its clubs are located in both free-standing locations and shopping centers. During the fiscal year ended January 31, 2009 (fiscal 2009), food accounted for approximately 64% of its merchandise sales. The remaining 36% consisted of a variety of general merchandise items. Orofino Gold Corp. - Exceptional Results Validation due April 8th HONG KONG, March 30 /PRNewswire-FirstCall/ - Orofino Gold Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") is pleased to announce that the initial results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper will be re-assayed, these results will be available on or before April 8th, 2010. These results will form part of a future NI 43-101 compliant review of previous exploration and field data as well as recommendations and budgets. About Orofino Gold Corp. (PINK OTC: ORFG) Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG. Forward-Looking Statements The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. SOURCE Orofino Gold Corp. Sign up for the free Xplosive Stocks newsletter. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by Xplosive Stocks can sign up for free by visiting our website. About Us Xplosive Stock is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We focus on Xplosive Stocks and track small cap companies that are on the brink of a financial breakout. To feature a company on our website please contact us at the email listed below. Please click here to read the full disclaimer. |
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