American Video Teleconferencing Corp. (Pink Sheets:AVOT)
American Video Teleconferencing Corp. is pleased to announce that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. The company believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. As neither the Federal nor Quebec Governments have carried out any air borne surveys in this area, the company will seek a contractor to do an air borne Mag-EM radiometric survey. This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions. We are 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 will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
League Now Holdings Corporation, (OTC:LNWZ)
League Now Holdings has recently reported the acuiring of Pure Motion, Inc.
As more fully described in Item 2.01 below, we acquired Pure Motion, Inc. (the “Merger”) a corporation formed to develop and introduce skill improvement products and systems for recreational sports, particularly those that require a high degree of fine motor skill and mental acuity in accordance with a Share Exchange Agreement, dated October 6, 2010 (the “Share Exchange Agreement”) by and among League Now Holdings Corporation (”we,” “League Now” or the “Company”), James Pregiato, Pure Motion, Inc. (”Pure Motion”) and the shareholders of Pure Motion (the “Pure Motion Shareholders”). The closing of the transaction (the “Closing”) took place on October 6, 2010 (the “Closing Date”). On the Closing Date, we acquired 100% of the outstanding shares of common stock of Pure Motion (the “Pure Motion Stock”). In exchange for the Pure Motion Stock, the Pure Motion Shareholders acquired from us 1,500,563 shares of our common stock on a fully diluted basis (the “Exchange Shares”).
Additionally, pursuant to the terms of the Share Exchange Agreement, as consideration for the cancellation of 2,378,000 of the 2,444,446 shares of League Now common shares owned by James Pregiato (”Pregiato”), Pure Motion agreed to pay a total cash payment of $250,000 to Pregiato (the “Cash Payment”) of which $100,000 (the “Initial Cash Payment”) was paid on the Closing date and $150,000 (the “Final Cash Payment”) shall be paid within twelve weeks of the Closing Date. The 2,378,000 shares will be held in escrow until receipt of the Final Cash Payment. Mr. Pregiato has agreed to extinguish all outstanding debt and liabilities of League Now outstanding as of the Closing Date upon receipt of the Cash Payment. A copy of the Share Exchange Agreement is included as Exhibit 2.1 to this Current Report and is hereby incorporated by reference. All references to the Share Exchange Agreement and other exhibits to this Current Report are qualified, in their entirety, by the text of such exhibits.
Upon Closing, Pure Motion became a wholly-owned subsidiary of the Company. The directors of the Company have approved the Share Exchange Agreement and the transactions contemplated under the Share Exchange Agreement. The directors of Pure Motion have approved the Share Exchange Agreement and the transactions contemplated thereunder.
As a further condition of the Merger, Pregiato, the current sole officer and director of the Company, resigned and the following persons, Mario Barton (Chairman), Doug Anderson and Mr. Brooks Thiele were appointed as the new directors
Credit Acceptance Corp. (NasdaqGS: CACC) announced on October 25, 2010 that we expect to issue a news release with our third quarter 2010 earnings on Monday, November 1, 2010, after the market closes.
A webcast is scheduled for Monday, November 1, 2010 at 5:00 p.m. Eastern Time to discuss third quarter 2010 results. The webcast can be accessed live by visiting the "Investor Relations" section of our website at creditacceptance.com or by dialing 877-303-2904.
Since 1972, Credit Acceptance has provided auto loans to consumers, regardless of their credit history. Our product is offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our product, but who actually end up qualifying for traditional financing.
OYO Geospace Corp. (NasdaqGS: OYOG) announced it received a $6.1 million order from Dawson Geophysical Company for 8,000 GSR channels and related equipment. Upon completion and delivery of this order, Dawson Geophysical will own 16,000 channels of the company’s GSR system. Delivery of this order is expected to occur in the company’s first fiscal quarter ending December 31, 2010. OYO Geospace designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The company also designs and manufactures equipment and film for the thermal printing industry worldwide.
Capital Southwest Corporation (NasdaqGS: CSWC) On October 18, 2010, the Board of Directors of Capital Southwest Corporation (Nasdaq:CSWC) declared a cash dividend in the amount of $0.40 per share of common stock. This dividend is payable on November 30, 2010 to shareholders of record on November 15, 2010. Capital Southwest is a Dallas-based business development company that provides patient equity capital to exceptional businesses. As a public company, Capital Southwest has the flexibility to hold investments indefinitely, which has provided its portfolio company managers a stable ownership platform since its founding in 1961.
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