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subject: Mgi, Taxs.ob, Ipi On Pennytobucks Stock Update Report [print this page]


Intrepid Potash, IncIntrepid Potash, Inc. (NYSE:IPI), announced today that the New Mexico Environmental Department (NMED) has issued a ground water discharge permit for Intrepids HB Solar Solution Mine near Carlsbad, New Mexico. Obtaining this state regulatory approval is a key milestone in Intrepids development of its HB Solar Solution Mine project.

IPI produces potash and langbeinite from its mines and production facilities in southeast New Mexico near Carlsbad, and is the largest producer of potash in the United States.

Potash, or potassium, is one of several key fertilizer inputs used in agriculture and langbeinite is a specialty nutrient that contains potassium, sulfur and magnesium.

IPIs total productive capacity of approximately 910,000 tons of potash supplies approximately ten percent of the United States potash needs. With nearly eighty-five percent of all potash used in the United States imported, IPI is working diligently to expand its production to further support the United States agricultural industry and to continue to provide jobs for Intrepids nearly 700 New Mexico employees.

Intrepid Potash, Inc. is committed to developing new, unique, environmentally friendly and efficient ways of profitably extracting mineral resources. Through careful attention to safety, engineering and business practices, Intrepid Potash, Inc. has revitalized older mining operations as well as conceived exciting new opportunities. For more information on IPI visit http://www.intrepidpotash.com/

TaxMasters, Inc. (OTC:TAXS) filed a Current Report on Form 8-K on Wednesday, July 7, 2010 to announce that Patrick Cox, its founder, CEO and majority shareholder, voluntarily entered into a Financial Reorganization Agreement in which Mr. Cox deposited 200 million shares of his TAXS.ob common stock with TAXS.obs transfer agent, Olde Monmouth Stock Transfer Co., Inc.

These shares will be held in escrow by Olde Monmouth for a five year period ending June 30, 2015. During that time, Mr. Cox has waived his right to vote the escrowed shares and he has also waived his right to receive any dividends or other distributions by TAXS.ob with respect to the escrowed shares.

As a result of Mr. Coxs voluntary escrow of shares, there are now 139,676,105 shares of common stock that can be voted or can receive dividends or other distributions. The 139,676,105 shares will also be the number of shares used to calculate earnings per share for TAXS.ob financial statements. After each fiscal year during the five years that Mr. Coxs shares are being held in escrow, Mr. Cox may claw back a portion of the escrowed shares based on a formula linked to the financial performance of TAXS.ob.

Any shares Mr. Cox does not claw back prior to June 30, 2015 will be turned over to TAXS.ob for cancellation. As a result of the Financial Reorganization Agreement, shareholders will have an increased voting power in their stock. For example, a shareholder owning 1,000,000 shares of TAXS.ob common stock will have an increase of the voting power of such stock from 0.3% of the voting power to 0.7% of the voting power. For more information on TAXS.ob visit http://www.txmstr.com

MoneyGram International (NYSE:MGI), a leading global money transfer company, announces it has signed a new agent in Russia, the Savings Bank of the Russian Federation (Sberbank). Sberbank, headquartered in Moscow, is the oldest and largest bank in Russia and Eastern Europe and is expected to be MGIs largest agent in the region. The bank will introduce MGI services initially in more than 7,000 locations with plans to expand to 10,000 bank branches.

While MoneyGram has an established strong presence in the Commonwealth of Independent States (CIS), we hadnt yet tapped into the full potential that Russia, one of the largest send countries, can offer our business. The agreement with Sberbank represents a significant opportunity to increase our reach and competitiveness in the region.said Nigel L. Lee, MoneyGrams executive vice president of Europe, Middle East, Africa and Asia Pacific.

Russia is the third largest send market in the world after the U.S. and Saudi Arabia. Countries that receive the most in remittances originating in Russia are: Uzbekistan, Tajikistan and Ukraine. Russia is also in the top 20 receive countries in remittances.

MoneyGram International offers more choices to people separated from family and friends by distance or those with limited bank relationships to meet their financial needs. A leading global payment services company, MoneyGram International helps consumers to pay bills quickly and safely send money around the world with funds arriving at available agent locations in as little as 10 minutes. Its global network is comprised of 200,000 agent locations in more than 190 countries and territories. MoneyGram's convenient and reliable network includes retailers, international post offices and financial institutions. For more information on MGI visit https://www.moneygram.com/

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by: Bill Pennyman




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