Corporate Profile for Original Sixteen to One Inc., dated July 11, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: July 11, 1997
Company Name: Original Sixteen to One Inc.
Address: P.O. Box 1621
Alleghany, CA 95910
Main Telephone
Number: 916/287-3223
Internet Home
Page Address
(URL) http://www.origsix.com
Chief Executive
Officer: Michael Miller
Investor Relations
Contact: Michael Miller
Business number: 916/287-3223
Public Relations
Contact: Rae Bell
Business number: 916/287-3223
Trading Symbol/
Exchange: PCX:OAU
Industry: Gold Mine
Market Makers: John Scully (specialist)
Company description: Original Sixteen to One Inc. mines gold on properties in and around the town of Alleghany in the California gold California Gold were an American soccer team, founded in 1998. The team was a member of the United Soccer Leagues Premier Development League (PDL), the fourth tier of the American Soccer Pyramid, until 2006, when the team left the league and the franchise was terminated. country. The company's primary operation is the Sixteen to One Mine from which more than 1,100,000 ounces of gold have been retrieved since the mine opened in 1896. It also owns the Brown Bear Mine in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). which produced 500,000 ounces. The company was incorporated in 1911 and has operated continuously ever since. This is a hard rock underground mine in which the company uses existing metal detection technology to detect gold approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 20 to 30 inches in from the tunnel tunnel, underground passage usually made without removing the overlying rock or soil. Although tunnels are approximately horizontal, they must be built with sufficient gradient for proper drainage. wall. It frequently works with other businesses to develop new technologies to permit non-invasive Non-invasive A procedure that does not penetrate the body. Mentioned in: Multiple-Gated Acquisition Scan non-invasive 1. not penetrating the skin, e.g. a non-invasive test. 2. exploration substantially further within the rock. For the year ending Dec. 31, 1996, the company produced $1.4 million. Expenses were $2.4 million, resulting in a net loss of $654,000. The stock's high and low for this period were 4-5/8 and 3-3/4. The company has little long term debt. Because of the successes in current mining targets, gold production created profits for the first six months of 1997. The company has 46 full time employees. CONTACT: Original Sixteen to One Inc. |
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