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American Video Teleconferencing Corp. (OTCPK: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. AVOT 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, AVOT 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.
Rand Capital Corporation (Nasdaq:RAND) announced that it has completed the financings of two new portfolio businesses during the month of November. The two businesses each provide unique human resource tools for mid-large businesses. Chequed.com (Saratoga Springs, NY) (www.chequed.com) "Chequed" received a $250,000 investment from Rand as part of a $1+ million convertible note financing of the business. Commercializing research developed in partnership with The Research Foundation of The State University of New York and The University at Albany's Department of Psychology, Chequed.com has created selection tools that help human resource departments connect employee screening practices to business results.
Rand Capital Corporation is a venture capital firm specializing in investments in small to medium-sized privately held companies. The firm does not prefer to invest in real estate sector. It invests in companies that are engaged in the exploitation of new or unique products or services. It seeks to invest in companies based in the Western and Upstate New York region and its surrounding states with focus on Buffalo and Niagara region.
Miller Petroleum Inc. (Nasdaq:MILL) announced that Cook Inlet Energy ("CIE"), its wholly owned subsidiary, has successfully worked-over its West McArthur River Unit-2A (WMRU-2A) well for use as an enhanced oil recovery well. WMRU-2A had been shut in since December 24, 2001. The restoration of WMRU-2A will allow for a pilot water flood program which is expected to increase oil recovery rates at wells Miller presently operates in the area as well as providing backup to the current injection well.
Miller Petroleum, Inc. engages in the oil and gas exploration, production, and related property management in the Appalachian region of eastern Tennessee. It also sells rigs, oilfield trailers, compressors, and other miscellaneous oil and gas production equipment. As of April 30, 2009, the company owns interests in 20 producing oil wells and 32 producing gas wells.
Ameriana Bancorp (Nasdaq:ASBI) announced that the Company's Board of Directors has declared a quarterly cash dividend of $0.01 per share. The quarterly dividend is payable on January 21, 2011, to shareholders of record as of December 31, 2010.
Ameriana Bancorp operates as the holding company for Ameriana Bank, SB, which offers consumer and commercial banking services in Indiana. Its deposit products include regular savings accounts, interest-bearing and noninterest-bearing checking accounts, money market accounts, fixed interest rate certificates, and negotiated rate jumbo certificates, as well as tax-deferred individual retirement, Keogh retirement, and simplified employer plan retirement accounts.
Orofino Gold Corp. (PINK OTC: ORFG) (”Orofino Gold” or the “Company”) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
The company is please to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. (see full resume on the company website at www.orofinogold.com)
Mr. Pernett will be responsible for all affairs of the Company in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The company and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, the company’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. The Company wish him well and success in future endeavors.
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