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B2 Digital, Inc. (Pink Sheets:BTDG) announced today its Board of Directors has requested certain conditions be met by Sino-Can Industrial Holdings Group Ltd. pursuant to a resolution of its Board of Directors on September 16, 2010, to accept an offer from Sino-Can of $0.15 a share for all outstanding shares of B2 Digital.

The Board of Directors of B2 Digital, Inc. has requested Sino-Can Industrial Holdings Group Ltd. enter into a definitive merger agreement with B2 Digital and provide a non-refundable deposit of U.S. $1,000,000 prior to any due diligence being performed by either party.

Sino-Can has agreed to this condition.  B2 Digital, Inc. will keep its shareholders apprised of when the signed agreement has been executed and when the U.S. $1,000,000. non-refundable deposit has been received.

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On September 16, 2010, B2 Digital announced its Board of Directors unanimously approved a resolution to accept an offer of $0.15 a share for all outstanding shares of B2 Digital, Inc.  The offer is contingent on Sino-Can Industrial Holdings Group Ltd. receiving official proof of the 43-101 claim and the performance of mutually satisfactory due diligence.

B2 Digital recently entered into a joint venture agreement with Firma Gold. Firma Gold’s estimated reserves of 1.5 million ounces could have an estimated worth of $1,875,000 billion based upon the current price of gold. B2 Digital, Inc. will receive 90% of the net profit after deduction of capital or operating costs incurred in their role as JV partner.  Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement.

About B2 Digital

B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves.  Management of its subsidiary has many years of experience in the exploration and operations of mining assets.  B2 Digital is currently in the process of divesting itself of some of its technology assets.  More information on B2 Digital can be found at: http://www.b2digital.us.

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This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Actual results may differ materially from those projected as a result of certain risk and uncertainties, including but not limited to those detailed from time to time in the Company’s filings with Pink Sheets.com.  Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and others factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.

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In their report via “the Harry Winston conference call”, they announced sales of $67 million during that quarter, an increase of 37% over last years 2nd quarter. Even the U.S., fighting an economic slow down recorded sales of $20 million over the comparable quarter last year which is an increase of 31%. Asian sales were $22.5 million, a 40% increase above the prior year. Consolidated sales increased over 60% resulting in a $28.9 in earnings compared to a loss from operations of $3.9 million over the comparable quarter. The Harry Winston brand increased to $66.9 from $48.8 million comparably.

What all this means is there are a lot of very happy ladies out their wearing diamonds, including men who are not shy about glitter. The Far East, Japan and China are the big recipients of these baubles due to their expanding wealth, while the U.S. and Europe struggle to keep up.

Another interesting note was the increase in specialty pieces, not to rival the Hope Diamond of course, but definitely in the million plus category. This phenomena was attributed to an increase in wealth throughout the world. Going on statistics from 2009, the net worth in the world grew by 19.6%, and the high net worth has grown by more that 17%. Another factor seems to be that diamonds as an investment, are much more attractive than your more normal forms of investment. This holds true as more significant pieces are being created for Asia and Middle East customers. They are eager to wear them out and about for their pleasure.

This is not to say that the U.S. doesn’t fall into that catagory as noted by the increase in sales, apparantly by the richest, considering the plight of the middle class in America today. So Viva, Harry Winston, the whole world is in love with your product, the diamond that is everlasting.

For more information visit  http://www.worldmarketmedia.com/779/section.aspx/2325/post/harry-winston-nysehwd-diamonds-in-asia-ruff-17

- About the Author: WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

As reported earlier in the 3 Pre-Lunch Market Movers piece, Motorcar Parts of America Inc. (NASDAQ: MPAA) is trading up for the day after reporting strong fiscal 2010 4th quarter/ year-end results this morning. The company is a remanufacturer of alternators and starters utilized in imported and domestic passenger vehicles, light trucks, and heavy duty applications. It sells its products to automotive retail outlets and the professional repair market throughout the United States and Canada. Its fiscal results for its year ended March 31, 2010 reflect record 4th quarter and full-year sales and a significant jump in net income for fiscal 2010.

Financial Highlights include:

Gross profit for the fiscal 2010 4th quarter was $12.5 million (or 32% gross margin), compared with $6 million (or 20% gross margin) for the same period a year ago. For fiscal 2010, it was $41.3 million (28% gross margin), compared with $39.5 million (29% gross margin) in 2009.

Operating income for the2010 quarter was $4.8 million, from an operation loss of $680,000 in the same period a year ago.

Net income for the fiscal 2010 4th quarter was $2.9 million, compared with a net loss of $1.2 million for the period a year earlier. For the whole fiscal 2010, the company’s net income climbed to $9.6 million, compared with $3.9 million a year ago.

The company had estimated the revenue to only be $34.6 million, beating revenue consensus by 11.62% with its actual results. Also, EPS was estimated to only be 15 cents/ share, so the reporting of its 24 cents/ share is very promising. Motorcar Parts’ shares have soared today due to this good news, currently trading at $6.80, up $.5199 or 8.28%.

Selwyn Joffe, Chairman, President, and CEO of Motorcar Parts, noted that “our performance for the quarter validates our belief that as we continue to grow market share, operating performance is enhanced with very little incremental expenditure. As we enter a new fiscal year, operating leverage and increased usage of available production capacity continue to be important strategic components of the company’s year-over-year growth plans — supported by organic sales increases and acquisitions at appropriate valuations.”

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1827/post/motorcar-parts-of-america-inc-nasdaq-mpaa-82m-marketcap-reports-record-breaking-fiscal-2010-results

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source