ICON plc (NASDAQ:ICLR) a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, announced the retirement of Non-Executive Director, Dr. Anthony Murphy.

ICON plc, a contract research organization, provides outsourced development services to the pharmaceutical, biotechnology, and medical device industries primarily in Ireland, the United States, and rest of Europe.

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UTStarcom Holdings Corp. (NASDAQ:UTSI) a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators, announced that on the Company’s board of directors (the “Board”) appointed Mr. Jack Lu , chief executive officer of UTStarcom, as chairman of the Board, effective March 31 , 2012. Mr. Lu will succeed Mr. Thomas Toy , who has resigned as a member and chairman of the Board, effective March 31, 2012 . Mr. Toy will remain with the Company in an advisory role for a period of six months following the effective date of his resignation.

UTStarcom Holdings Corp. designs and sells Internet protocol (IP)-based telecommunications infrastructure products to telecommunications service providers and operators worldwide.

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Telestone Technologies Corp. (NASDAQ:TSTC) a leading supplier of local access network solutions for communications networks in China , updated its guidance for the business year ending December 31, 2011 . Telestone now expects revenues for the year ending December 31, 2011 to be 15% to 20% lower than in the 2010 fiscal year, or approximately $105.3 to $111.9 million , versus prior guidance of a 30% increase. The Company now expects net income within the range of $16.8 to $22.4 million , reflecting a margin of 16% to 22%, compared with prior guidance of approximately $27.5 million , which was based on 10% net-income growth.

Telestone Technologies Corporation offers wireless local-access network technologies and solutions primarily in the People’s Republic of China.

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MAJESTIC GOLD CORP (MJGCF.PK)

Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

MAJESTIC GOLD CORP (MJGCF.PK ) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.

The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.

As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.

In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.

Most gold used in dentistry is in the form of alloys, which are mixtures of gold and other metals, such as platinum, palladium, silver, copper and zinc. Gold is non-toxic and biologically inert, which makes gold ideal for use in dental procedures. It is easy for the dentist to manipulate, but strong, stiff, durable and tough it never wears or tarnishes. It is also very resistant to chemical attack and does not corrode.

For more information about Majestic Gold Corp. visit its website: http://www.majesticgold.net

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ICON |  Majestic Gold |  MJGCF |  NASDAQ:ICLR |  NASDAQ:TSTC |  NASDAQ:UTSI |  Telestone |  UTStarcom