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. This property is only one of several advanced stage properties American Video has under consideration in the province of Quebec.
The 17 elements that are classified as “rare earth” are becoming an increasingly important part of our daily lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology. Contrary to the name, rare earth metals aren’t particularly rare and can be found in most any continent. In recent weeks the US government has made important steps to increase production of these metals, as they will play an important part in President Obama’s overhaul of U.S. energy.
Part of the market pressure on rare-earth minerals arises from new demand that green technologies has prompted. Industry, including electric- and hybrid-vehicle motors and wind turbines, requires magnets. Rare earth elements have become irreplaceable in clean tech such as hybrid and electric car motors, high-efficiency light bulbs, solar panels and wind turbines. They also play a key role in defense technologies such as cruise missiles, radar and sonar and precision-guided weapons.
Experts warn that the U.S. depends upon China for almost its entire supply of rare earths, and has let its own rare earth production languish despite having about 15 percent of the world’s reserves. A draft of a Chinese rare earths plan for 2009-2015 states that China’s own industrial demand could soon lead to restrictions or bans on the export of rare earths.
Power3 Medical Products, Inc. (OTCBB:PWRM) recently announced that company management believes it is making great progress in its focus on the development, sales, and marketing of its proprietary innovate diagnostic tests for breast cancer, pancreatic cancer, ovarian cancer, colon cancer, and certain neurodegenerative diseases, such as Alzheimer’s and Parkinson’s, to name a few.
In addition, Power3 is a party to several litigation matters, most of which relate to various toxic debt instruments that were entered into by Power3 several years ago when it operated under the tenure of Chairman and CEO, Steven B. Rash. Because current management believes these toxic debt instruments are responsible for Power3’s depressed stock price and have distracted the company from its mission, Power3 plans to settle as many of these nagging lawsuits as possible prior to the completion of its merger with Rozetta-Cell Life Sciences, Inc. As for those lawsuits that cannot be speedily resolved, Power3 will continue to rigorously defend its position.
Rozetta-Cell Life Sciences, Inc. is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. Power3 plans to effect the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company. The acquisition of Rozetta-Cell is expected to be completed in February 2011.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases.
Hughes Communications, Inc. (Nasdaq:HUGH) the global leader in broadband satellite networks and services, announced that its Brazilian operating unit, Hughes Brazil, has signed a managed services contract with Elemidia Empresas, the leader in the Brazilian out-of-home digital media market, to deliver corporate video content to Elemidia's customers utilizing the Hughes nationwide broadband satellite network.
Hughes Communications, Inc., through its subsidiary, Hughes Network Systems, LLC, provides broadband satellite network services and systems. It delivers broadband Internet services.
Blue Coat Systems Inc (Nasdaq:BCSI) announced Mike Borman, president and chief executive officer, of Blue Coat Systems, will be speaking at the 13th Annual Needham Growth Stock Conference on Wednesday, January 12, 2011 in New York. Live webcasts and replays of the presentations will be available. Please check each conference website for more information, or check the Blue Coat Investor Relations Website: www.bluecoat.com/company/investorrelations.
Blue Coat Systems, Inc. designs, develops, and sells products and services that secure and optimize the delivery of business applications and other information to distributed users over a wide area network (WAN) or the public Internet/Web.
Shutterfly, Inc. (Nasdaq:SFLY) a leading Internet-based social expression and personal publishing service, announced a growing trend among consumers to create lasting keepsakes by rescuing their images from computers, cell phones and social networking sites. According to a recent survey conducted by InfoTrends, more than 40 percent of respondents who share photos on social networking sites were interested in creating lasting keepsakes with those photos, an increase from 2009.
Shutterfly, Inc. provides an Internet-based social expression and personal publishing service that enables consumers to share, print, and preserve their memories through the medium of photography.
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