GoldQuest Mining Corp. (“GoldQuest” or the “Company”) (TSX VENTURE: GQC)(FRANKFURT: M1W) is pleased to provide an update regarding the Company’s ongoing exploration programme on the 100% owned Los Comios project in the Dominican Republic. The Company would also like to announce it will be presenting at the AGORACOM Online Gold and Commodities Conference on December the 3rd and 4th, 2009.

HIGHLIGHTS

- Recent rock sampling from Los Comios project returns values up to 5.37 g/t Au from silicified sedimentary rocks;

- Los Comios district continues to develop as new areas of mineralisation and alteration are discovered; and

- GoldQuest will be presenting at the AGORACOM Online Gold & Commodities Conference.

Alistair Waddell, President & CEO of GoldQuest, commented, “We are extremely encouraged at the latest results which continue to expand the Los Comios district. We believe the scale and nature of the alteration is indicative of porphyry type environment and the Company will continue to explore the district in greater detail”.

LOS COMIOS PROJECT: GoldQuest has completed follow up of several zones of alteration discovered on its 100% owned Los Comios project described in the news release dated October 7, 2009. The principal target called Los Lechones is focused on a gold-molybdenum ridge-and-spur soil [...] Continue Reading…

PriceSmart , Inc. (NASDAQ: PSMT) today announced that on December 22, 2009 it acquired approximately 30,000 sq. meters of land in Northwest Santo Domingo, the Dominican Republic, upon which the Company plans to construct and operate a new PriceSmart Warehouse Club. This Club will be PriceSmart’s third in the Dominican Republic. It is currently anticipated that the new PriceSmart Club will open in the fall of 2010.

About PriceSmart

PriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Central America and the Caribbean, selling high quality merchandise at low prices to PriceSmart members. PriceSmart now operates 26 warehouse clubs in 11 countries and one U.S. territory (five in Costa Rica; four in Panama; three each in Guatemala and Trinidad, two each in Dominican Republic, El Salvador and Honduras; and one each in Aruba, Barbados, Jamaica, Nicaragua and the United States Virgin Islands).

This press release may contain forward-looking statements concerning the Company’s anticipated future revenues and earnings, adequacy of future cash flow and related matters. These forward-looking statements include, but are not limited to, statements containing the words “expect,” “believe,” “will,” “may,” “should,” “project,” “estimate,” “scheduled,” and like expressions, and the negative thereof. These [...] Continue Reading…

MINEOLA, N.Y., Dec. 9 /PRNewswire-FirstCall/ — Kenilworth Systems Corporation (Pink Sheets: KENS) — Kenilworth reported today that starting tomorrow December 10, 2009 it will commence to offer political leaders and the public an opportunity to voice their support for U.S. House Financial Services Committee Chairman Congressman Barney Frank’s effort to repeal the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and support his Internet Gambling Consumer Protection and Enforcement Act (HR 2267) to regulate and license online gambling sites in the United States.

The live in-progress REAL TIME casino table action that allows gambling enthusiasts to play along with casino table games without actually having to be at the casino, will serve to DEMONSTRATE and MARKET to the more than 2,000 casinos, within the borders, in the fifty-one (51) European and Asian industrial countries in which Kenilworth enjoys patent protection.

Kenilworth, pursuant to an exclusive Test Simulcast Agreement with the Dominican Republic Government and their casino Regulators extending over six (6) months (the test period), will begin global simulcast online (Internet) broadcasts from a Roulette table located in the Sosua Grand Casino that held its grand opening on October 24, 2009. The casino is now the centerpiece in the Sosua Bay [...] Continue Reading…

JUANILLO, Dominican Republic, Dec. 7 /PRNewswire/ — Cap Cana, S.A. (“Cap Cana”) and Grupo Velutini, a diversified Latin American real estate investment and development firm, today announced the commencement of the first phase of construction of the Puerto Marina at Cap Cana residential development. The groundbreaking ceremony was headed by Dominican President Leonel Fernandez Reyna, Tourism Minister Francisco Javier Garcia, and other dignitaries, and featured addresses by Luis Emilio Velutini, President of Grupo Velutini, and Ricardo Hazoury, Cap Cana’s Chairman and President.

The 35,200 square meter (378,890 square feet) residential marina project being developed within Cap Cana by Grupo Velutini is to be built in four phases at an estimated total construction cost of approximately US$110 million. The luxury residential community will consist of approximately 300 units, including large waterfront residences and two, three and four-bedroom villas, townhomes and condominiums. In addition, the development will feature approximately 70 private docks for boats and yachts from which sport fishermen have ready access to world-class fishing. Full-scale construction of the first phase of the project, which includes land-leveling work and the building of 11 large, stately waterfront residences and 11 luxury villas, in addition to the development’s basic infrastructure, has already commenced [...] Continue Reading…

 
[...] Continue Reading…

 
[...] Continue Reading…

Marabel Farms, an organic cocoa beans producer, is launching a 70-year-old Caribbean dessert, called Marabella this coming October. “I am excited to be part of Marabel Farms. I am Dominican, but the last 4 months, I have learned more about my country’s cocoa and its health benefits than all this time that I have been living there,” states Jose Lima, Marabel Farms co-owner.

In addition to offering pure cocoa beans, Marabel Farms offers cocoa powder, cocoa butter, cocoa liquor and cocoa nibs to their customers. The company’s warehouse and office are located in Los Angeles, California, and their farm is located in the Dominican Republic. To find out more about the product or company, please call (800)919-3744 or visit www.marabelfarms. com.

Dominican president foresees economic recovery in 2010

HAVANA, Dec. 31 (Xinhua) — Dominican Republic’s President Leonel Fernandez said Thursday that 2010 would see the recovery of the country’s economy and urged all sectors to stand up to challenges, local reports said.

Government stimulus measures were necessary for economic sectors to actively participate in the process of recovery to achieve a sustained economic growth, Fernandez said.

The president said the world economic crisis had affected the expenses of private sectors, fiscal incomes and general welfare of the people in the Caribbean country.

Dominican Republic had managed to keep the stability and mitigate the effects on the economic growth and employment, Fernandez said. “But this was not enough to meet the expectations of governors and people regarding the economic development.”

Experts say Dominican Republic has achieved to alleviate the effects of the global crisis and expect the national economy to grow around 3.5 percent, higher than the original estimation.

In November 2009, Dominican Republic signed an agreement with the International Monetary Fund, which in 28 months would lend the country 1.7 billion U.S. dollars to cover the tax collection deficit and boost its economy.

If you are a typical Canadian, which we suspect you are, at the sight of the first snowfall you began devoting your lunch and coffee breaks to scavenging the internet for the ultimate vacation deal.

You’ve scrolled through page upon page of hotel listings and now believe every property has the same name and the same inclusions, and you’re completely confused by the offerings.

As you click on yet another results page, you step back and ask, “Do any of these offer the best value for our money and could we be getting more for our vacation dollar?”

If this sounds familiar, stop your endless online searching and focus your efforts to one hotel chain in particular: Bahia Principe Clubs and Resorts.

Located in Mexico, the Dominican Republic and Jamaica, Bahia Principe Clubs and Resorts go hand-in-hand with vacations, value and variety. Offering outstanding properties spread over the most attractive tropical destinations, guests of Bahia Principe will experience first-rate quality and service. Choosing a Bahia as your vacation haven will treat you to:

An exclusive beachfront location that has been completely integrated into the spectacular natural surroundings

A room in a quaint, two- or three-storey building

A wide range of activities and facilities

A 24-hour-a-day all-inclusive [...] Continue Reading…

[...] Continue Reading…