Spectral Capital Corporation (FCCN) is pleased to announce that it has completed satisfactory due diligence and closed its acquisition of a vast gold resource in the Republic of Kazakhstan.

Spectral acquired a 65% interest in the gold resource in a region in Kazakhstan which has already yielded significant gold production. Under the terms of the acquisition, Spectral agreed to provide financing for development and extraction of the gold resource in an amount of $200,000,000 USD over a five-year period. Additionally, Spectral agreed to pay a 1% net smelter royalty on gold extracted from the property and to grant warrants to purchase 5,000,000 shares in Spectral at an exercise price of $3.50 per share.

“This massive resource is ready to produce gold in 2011 and has all the permits required by Kazakh authorities”, stated Jenifer Osterwalder, Spectral CEO. “This resource is substantially larger even than our existing Chita region properties and the reports we received in due diligence indicate that extraction costs should be equal to or lower than extraction costs on our Chita properties. This region of Kazakhstan has attracted investment from some of the world’s leading multi-national mining companies. We are committed throughout 2011 to making Spectral into a company with a diversified portfolio of mineral assets in a variety of areas throughout the world’s most productive mining regions.”

About Spectral:
Spectral Capital is focused on the acquisition of a significant portfolio of properties for mining activities. In September 2010, the Company purchased an interest in mineral properties in the Chita region of the Russian Federation. The Kadara and Kaltagay license is located in the Mogochinsky district of the Chita Region, which has several gold mines in production, in the Russian Federation. Spectral owns 47% of the License for prospecting, exploration and production of gold and all other metals. The length of the License runs to 31 August 2031. The size of the License is 186 square kilometers or 18,200 hectares. Development and exploration activities are currently being undertaken. In January 2011, Spectral acquired a 65% interest in a a gold mine in Kazakhstan, in one of the region’s most promising areas for gold extraction. Spectral continues to develop a diversified portfolio of mineral assets in some of the world’s most productive mining regions.
Spectral Capital is a US based publicly trading company and is listed on the OTCBB as FCCN and Frankfurt exchange as F3SN. Spectral is a Nevada state corporation.

Le Gaga Holdings Limited (Nasdaq:GAGA) announced its financial results for the third fiscal quarter ended December 31, 2010.1 Revenue increased by RMB 33.5 million, or 45.6%, from RMB 73.4 million for the three months ended December 31, 2009 to RMB 106.9 million (US $16.2 million) for the three months ended December 31, 2010. Results from operating activities increased by RMB 25.9 million, or 136.3%, from RMB 19.0 million for the three months ended December 31, 2009 to RMB 44.9 million (US $6.8 million) for the three months ended December 31, 2010.
Le Gaga Holdings Limited engages in cultivating, processing, and distributing vegetables. Its product offerings include leafy vegetables, such as flowering Chinese cabbage (choi sum), baby bok choy, and baby Chinese cabbage.

ZAGG Incorporated (Nasdaq:ZAGG) announced a distribution agreement for their gadget protection products with U.S. Cellular, the sixth largest wireless company in the United States. ZAGG Inc. designs, markets, and distributes innovative accessories for electronic devices, including the popular invisibleSHIELD®, ZAGGskins™, ZAGGbuds™, ZAGGsparq™ and ZAGGmate™ brands.
ZAGG Incorporated designs, manufactures, and distributes protective coverings, audio accessories, and power solutions for consumer electronic and hand-held devices, under the invisibleSHIELD, ZAGGaudio, and ZAGGskins brand names, primarily in the United States and Europe.

TOR Minerals International Inc. (Nasdaq:TORM) announced its financial results for the fourth quarter and year ended December 31, 2010. 2010 record net income: $2.3 million versus 2009 net loss: ($0.2) million. 2010 EPS: $0.83 versus 2009 net loss per share: ($0.10). 2010 revenue increased 28% year over year to $31.0 million. 4Q10 EPS: $0.35 versus 4Q09 EPS: $0.08. 4Q10 revenue increased 36% year over year to $8.7 million.
TOR Minerals International, Inc., a specialty chemical company, engages in the manufacture and marketing of mineral products.

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