American Video Teleconferencing Corp. (AVOT.PK)
American Video Teleconferencing Corp. (Pink Sheets:AVOT), the company, is pleased to announce that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties the company has under consideration in the province of Quebec.
China has been one of the main supplier to the US of the Earth's rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China's decision America now must look for other sources, that will be more reliable for our future needs, and American Video Teleconferencing Corp. (AVOT.PK) may just be the new source, here's why.
American Video believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. It is currently looking for these Rare Earths Minerals in Canada, the US's Northern neighbor.
Video Teleconferencing is seeking a contractor to do an air borne Mag-EM radiometric survey for its present holdings and the immediate surrounding area looking for future acquisitions. Video Teleconferencing is pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
Presently the company is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
The company is aggressively carrying out searches world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Gadolinium, a rare earth element named for Johan Gadolin (17601852), to honor his investigation of rare earths, is used to make Rare-earth magnets, high refractive index glass or garnets, lasers, x-ray tubes, computer memories, neutron capture, MRI contrast agent, and NMR relaxation agent.
Terbium, a rare earth element named for the village of Ytterby, Sweden, makes Green phosphors, lasers, and fluorescent lamps.
Dysprosium, a rare earth element named from the Greek "dysprositos", is in Rare-earth magnets and lasers.
Holmium, a rare earth element named for Stockholm (in Latin, "Holmia"), is an element in Lasers.
Erbium, a rare earth element named for the village of Ytterby, Sweden, used in Lasers and vanadium steel.
Thulium is a rare earth element named for the mythological northern land of Thule, and used to make Portable X-ray machines.
Ytterbium is a rare earth element named for the village of Ytterby, Sweden as well as to make Infrared lasers, and chemical reducing agent.
Lutetium, a rare earth element named for Lutetia (the city which later became Paris), and is in PET Scan detectors and high refractive index glass.
Crown Equity Holdings Inc. (OTC.BB:CRWE) announces that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
In addition to publishing to the mentioned countries, Crown Equity Holdings Inc. has also established online publishing sites for over 660 various cities within those countries, stated Arnulfo Saucedo-Bardan, Chairman of the Board for Crown Equity Holdings Inc.
The company has also established over 1,100 city specific sites within the US, allowing Crown Equity Holdings Inc. to publish its news and information globally or geographically.
This increases Crown Equity Holdings Inc. online network, which already receives more than 510,000 pages views per month, during its 357,000 visits from over 250,000 people according to a third party media measurement service provider Quantcast, stated Kenneth Bosket, President of Crown Equity Holdings Inc.
The company's wholly owned subsidiary, Crown Tele Services Inc., has completed installing servers for its business, which is currently in the process of preparing to provide and offer its VoIP communication services to small, large and enterprise businesses.
Legg Mason Inc. (NYSE:LM) announced that Joe Sullivan, Head of Global Distribution, and Pete Nachtwey, CFO, are scheduled to speak at the 2011 Credit Suisse Financial Services Forum in Miami, Florida on Thursday, February 10th at approximately 2:00 p.m. E.S.T.Both live and on-demand versions of the audio webcast will be available. A link to the presentation slides and webcast will be accessible through via Leggmason.com under the "Investor Relations" section (http://ir.leggmason.com/CorporateProfile.aspx?iid=102761). The on-demand audio webcast will be available shortly after the presentation for a period of two weeks.
Legg Mason, Inc. operates as an asset management firm serving individual and institutional investors worldwide. The company provides equity, fixed income, liquidity, and alternatives solutions, from mutual funds to college savings plans to variable annuities to separately managed accounts, as well as other domestic and offshore funds to retail and institutional investors and funds-of-hedge funds.
Hartford Financial Services Group Inc. (NYSE:HIG) reported fourth quarter 2010 net income of $619 million, or $1.24 per diluted share. In the fourth quarter of 2009, the company reported net income of $557 million, or $1.19 per diluted share. Core earnings for the fourth quarter of 2010 were $526 million, or $1.06 per diluted share.In addition, the company's Board of Directors declared a quarterly dividend of $0.10 per share of Common Stock, a 100% increase over the prior amount, payable on April 1, 2011, to shareholders of record at the close of business on March 1, 2011.For full year 2010, The Hartford reported net income of $1.7 billion, or $2.49 per diluted share, compared with a net loss of $887 million, or ($2.93) per diluted share for full year 2009. Core earnings for full year 2010 were $1.9 billion, compared with $796 million for full year 2009. Core earnings per diluted share were $2.89, an increase of 56% from $1.85 per diluted share for full year 2009.
The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally. The company engages in life, and property and casualty insurance businesses.
Kayne Anderson MLP Investment Company (NYSE:KYN) provided a summary unaudited balance sheet and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) as of January 31, 2011. As of January 31, 2011, the Company's net assets were $1.9 billion, and its net asset value per share was $27.47. As of January 31, 2011, the Company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 406% and the Company's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 327%.
Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It invests in the public equity markets of the United States.
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