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American Video Teleconferencing Corp. (OTCPK:AVOT)
A quick answer is NO!
We acquire almost all of our Military components from China; those components consist of Rare Earth Minerals. Why we have allowed ourselves to fall under the mercy of China is a question we should first ask our self, and then ask our government.
Currently China, in case of war, can block our essential military needs, and force the US to actually abandon our foreign interests. We are right now at their mercy. Would China deliberately interfere with US Foreign Policy? In a minute!
Because for one, China is an ally of Iran, if for example the US were to engage Iran what would China do?
The Government Accountability Office in April of 2010 said that it had been told by officials and defense industry executives that where rare-earth alloys and other materials were used in military systems, they were responsible for the functionality of the component and would be difficult to replace without losing performance.â€ And right now, the world supplier is China.
An important component of our military hardware is the fin actuators in precision-guided bombs they are specifically designed around the capabilities of neodymium iron boron rare-earth magnets. The M1A2 Abrams, US's main battle tank, has a reference and navigation system that relies on samarium cobalt magnets from China. An official report last year on the US national defense stockpile said that shortages of four rare earths (lanthanum, cerium, europium and gadolinium) had already caused delays in producing some of our weapons.
There is a message here, and it says loud and clear, Wake up!
Yes we are in the midst of a potential crisis, but companies like American Video Teleconferencing Corp. are seeing the need and beginning to search for a resolution.
American Video Teleconferencing Corp. is pleased to announce that it has signed an option agreement to acquire two claim blocks in townships of Mekinac and Lajuene, Province of Quebec. These claim blocks are approximately 3600 acres in total and are located 120 miles east of Montreal P.Q. and 50 miles north of Three Rivers P.Q. They are accessible year round with infrastructure in the immediate vicinity. The claims adjoin a property that had one of the highest readings of Rare Earths in North America. Sampling in the 1950s gave readings of 48% combined Cerium, Lanthanum, Neoymium and Yttrium. That property has remained dormant for over 50 years but the new owners plan an extensive exploration program this fall.
AVOT, after a lengthy search and after careful due diligence, believes this is going to be one of the most active areas for Rare Earths exploration and our holdings are in the same geological setting as the 48% Rare Earths showing. Rare Earths are in huge demand especially in the United States as China is closing off its exports of these strategic metals to less than 5% of its production.
Schlumberger Limited (NYSE:SLB) and Harris Corporation (NYSE:HRS) an international communications and information technology company, have entered into a definitive agreement to acquire the Global Connectivity Services (GCS) business from Schlumberger Information Solutions, an operating unit of Schlumberger Limited (NYSE:SLB). The acquisition will significantly extend Harris' capabilities as a global provider of mission-critical, end-to-end managed satellite communications services for customers operating in remote and harsh environments – including the energy, government and maritime industries. Schlumberger GCS will be combined with recently acquired CapRock Communications to form Harris CapRock Communications.
Schlumberger Limited and its subsidiaries supply technology, integrated project management, and information solutions to the oil and gas industry worldwide. The company operates in two segments, Oilfield Services and WesternGeco.
Entergy Corporation (NYSE:ETR) announced a process is under way to explore the potential sale of Vermont Yankee, its 605-megawatt nuclear plant in Vernon, Vt. The sale process is being conducted on a confidential basis and no additional details will be released at this time. While no decision has been made to sell the plant, the company expects interest from multiple parties. The plant has an outstanding operational record. It completed 532 days of continuous operation in April 2010, the second breaker-to-breaker run in the last five years. The record run for the plant is 547 days, which ended in 2007.
Entergy Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It primarily engages in electric power production and retail electric distribution operations.
Estee Lauder Companies Inc. (NYSE:EL) held its Annual Meeting of Stockholders in New York City. William P. Lauder, Executive Chairman, conducted the meeting. Fabrizio Freda, President and Chief Executive Officer, reviewed financial results for the 2010 fiscal year and the 2011 fiscal first quarter and described the Company’s strategies. Mr. Lauder and Mr. Freda answered questions from stockholders. At the meeting, stockholders re-elected Aerin Lauder, William P. Lauder, Lynn Forester de Rothschild, Richard D. Parsons and Richard F. Zannino to the Board of Directors. Stockholders also approved the Amendment to the Amended and Restated Fiscal 2002 Share Incentive Plan and ratified the appointment of KPMG LLP as independent auditors for the current fiscal year.
The Estee Lauder Companies Inc. engages in the manufacture, marketing, and sale of skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, creams, lotions, cleansers, sun screens, and self-tanning products; and makeup products, which consist of lipsticks, lip glosses, mascaras, foundations, eye shadows, nail polishes, and powders, as well as related items, such as compacts, brushes, and other makeup tools.
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