New York, NY -- (SBWIRE) -- 01/18/2013 -- Viking Minerals Inc. (OTCQB:VKML) announced on behalf of the Board of Directors that the Company plans to conclude agreement for the first acquisition of the Gold Mine by January 8th, 2013. The Gold Mine is located in North America and its acquisition by Viking Minerals Inc. will be a major stepping stone for the Company and its shareholders. Viking Minerals Inc. (Viking Minerals) is a pre-exploration-stage Company. The Company focuses to seek properties to explore and develop. As of March 31, 2012, the Company doesn’t have any properties. As of March 31, 2012, Viking Minerals had not generated any revenue.
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K Swiss Inc. (NASDAQ:KSWS) surged 48% after the money-losing sneaker company agreed to be bought out by South Korean conglomerate E. Land World. E. Land World stated that it would purchase the firm’s stock for $4.75 per share, or a total equity worth of almost $170 million. E. Land had 2011 sales of almost $7.1 billion through 200 brands. KSWS designs, develops, and markets high performance and casual athletic footwear. Since 2005, K-Swiss sales have declined by almost 50% and the shares have dropped 91% as the shoemaker’s all-white casual sneakers turned outdated. For the Current Fiscal year, the company is expected to report EPS of -0.82. For the Next Quarter and Next Year, the company is expected to report EPS of -0.01 and -0.14 respectively.
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