American Video Teleconferencing Corp. (PINK:AVOT) 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. Molybdenum is also used in steel alloys for its high corrosion resistance and weldability. Molybdenum contributes further corrosion resistance to “chrome-moly” type-300 stainless steels (high-chromium steels that are corrosion-resistant already due to their chromium content) and especially so in the so-called superaustenitic stainless steels (such as alloy AL-6XN). Molybdenum acts by increasing lattice strain, thus increasing the energy required to dissolve out iron atoms from the surface.
Because of its lower density and more stable price, molybdenum is sometimes used instead of tungsten. An example is the ‘M’ series of high-speed steels such as M2, M4 and M42 as substitution for the ‘T’ steel series which contain tungsten. Molybdenum can be implemented both as an alloying agent and as a flame-resistant coating for other metals. Although its melting point is 2,623 °C (4,753 °F), molybdenum rapidly oxidizes at temperatures above 760 °C (1,400 °F) making it better-suited for use in vacuum environments.
This property is only one of several advanced stage properties American Video has under consideration in the province of Quebec.
Crown Equity Holdings Inc. (OTCBB:CRWE) revealed that its subsidiary company, Crown Tele Services Inc. is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year. The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.
Commenting on the venture, Kenneth Bosket, president said, “We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice.”
Hosted IP-PBX gives enterprises of all sizes the most efficient phone system calling features typically offered to only the largest enterprises. No in-house systems or software to purchase, manage and maintain is required for the phone system to function. Hosted IP-PBX is a superior alternative that any others based IP PBX system. It delivers a productive set of business-grade calling features and integrates all your local, long distance and Internet access services over a single network connection. This way, you can take advantage of all the calling features anywhere in the world.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
American Safety Insurance Holdings Ltd. (NYSE:ASI) announced that the Company has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”). Upon being declared effective by the SEC, the shelf registration will allow the Company to offer and sell from time to time up to $100 million in the aggregate of its securities, which may consist of common shares, preferred shares, senior debt securities, subordinated debt securities, warrants, or units. Each time that the Company sells securities under this shelf registration, a prospectus supplement containing specific information about the terms of the securities being offered will be provided.
American Safety Insurance Holdings, Ltd. provides specialty insurance and reinsurance solutions for small and medium sized businesses primarily in the United States and Bermuda.
Tutor Perini Corporation (NYSE:TPC) announced that it has completed the acquisition of Fisk Electric Company (”Fisk”), a privately held electrical construction company, with fiscal year 2010 revenues of approximately $305 million and a backlog of $190 million. Under the terms of the transaction, the Company acquired 100% of Fisk’s stock for $105 million in cash plus an amount to be determined based upon Fisk’s operating results for 2011-2013. The Company stated that the transaction will be financed using proceeds from the bond transaction closed in October 2010.
Tutor Perini Corporation, together with its subsidiaries, operates as a construction services company offering diversified general contracting, construction management, and design-build services to private clients and public agencies in the United States and internationally.
Barnes Group Inc. (NYSE:B) announced that Tegris Advisors LLC the M&A advisory firm, received both the Magnus Cross-Border/International Deal of the Year and the Financial Services (Over $500mm) awards for the Acquisition of Pearl Group by Liberty Acquisition Holdings (International) Company at the 9th Annual M&A Advisor Awards. Tegris also announced the successful completion of the merger of Promotora de Informaciones, S.A. (MCE:PRS) (”Prisa”), the world’s leading Spanish and Portuguese-language media group with Liberty Acquisition Holdings Corporation (”Liberty Acquisition”), a special purpose acquisition company (SPAC).
Barnes Group Inc. operates as an international logistical services company, and aerospace and industrial components manufacturer in the United States, Brazil, Canada, China, Germany, Korea, Mexico, Singapore, Sweden, Switzerland, Thailand, and the United Kingdom.
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