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Mining, Acquisitions and Financial Results In This Afternoon's Company Highlight - MD, AVOT, ASF, KSP

|Includes:KSP, Mednax, Inc. (MD), NSP

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American Video Teleconferencing, PINK:AVOT

AVOT is Staking Its Claims

American Video Teleconferencing Corp (OTCPK:AVOT) is looking to make the earth move.

The company has signed an option agreement to acquire two claim blocks in townships of Mekinac and Lajuene, Province of Quebec. Approximately 3600 acres in total, they are located 120 miles east of Montreal P.Q. and 50 miles north of Three Rivers P.Q.

The exciting news is that while the adjoining property has remained dormant for more than 50 years, samplings done in the 1950’s, gave readings of 48% combined Cerium, Lanthanum, Neoymium and Yttrium. This was one of the highest readings of Rare Earths in North America. The new owners plan an extensive exploration program this fall.

The company will aggressively continue to search world wide for opportunities in Precious, Base and Rare Earths metal projects.

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American Anesthesiology, a subsidiary of MEDNAX, Inc., (NYSE:MD) reported the acquisition of Greensboro Anesthesia Physicians, P.C., a physician group practice that provides patient services at three hospitals within the Moses Cone Health System and two surgery centers in the Greensboro, NC, metropolitan area.

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Administaff, Inc. (NYSE:ASF), a leading provider of human resources services for small and medium-sized businesses, reported results for the third quarter and nine months ended September 30, 2010.

For the third quarter, ASF reported net income of $7.2 million, a 24.0% increase over the $5.8 million earned in the 2009 period. Diluted earnings per share increased 21.7% to $0.28 from $0.23 in the 2009 period.

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K-Sea Transportation Partners L.P. (NYSE:KSP) reported operating results for its first fiscal quarter ended September 30, 2010.

KSP reported operating income of $10.3 million, including a $4.8 million net gain on sale of vessels and a $1.2 million lease termination cost. Excluding these items, KSP's operating income was $6.6 million. This represents an increase of $2.0 million compared to operating income for the first fiscal quarter ended September 30, 2009 of $ 4.6 million (before asset impairment charges).

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the first quarter of fiscal 2011 was $23.3 million. Excluding the items mentioned above, EBITDA was $19.7 million, an increase of $1.5 million, or 8.2%, compared to $18.2 million for the first quarter ended September 30, 2009, and an increase of $7.3 million or 59%, compared to $12.4 million for the June 2010 quarter.

 

 

 

 

 

 

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Stocks: MD, NSP, KSP