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American Video Teleconferencing Corp. (OTC: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.
China has been one of the main supplier to the US of the Earth's rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles, but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China's decision America now must look for other sources, that will be more reliable for our future needs, and AVOT may just be the new source, here's why.
AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is currently looking for these Rare Earths Minerals in Canada, the US's Northern neighbor.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. (OTCBB:CRWE) (http://www.crownequityholdings.com) just recently announced that its subsidiary company, Crown Tele Services Inc. (http://www.crownteleservices.com ) 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.”
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
Thompson Creek Metals Company Inc. (NYSE:TC) announced that it has executed a senior secured revolving credit agreement (the "Credit Agreement"). The Credit Agreement provides for a four-year revolving credit facility (the "Credit Facility") in the original amount of $290 million and permits the Company to increase the size of the Credit Facility to $300 million at any time. Up to $100 million of the Credit Facility will be available for letters of credit, and up to $30 million will be available for swingline loans. The Credit Facility will be available for borrowings by the Company in U.S. dollars and Canadian dollars.
Thompson Creek Metals Company Inc., through its subsidiaries, engages in mining, milling, processing, and marketing molybdenum products in Canada and the United States. The company owns the Thompson Creek Mine and mill in Idaho; a metallurgical roasting facility in Langeloth, Pennsylvania; and a 75% joint venture interest in the Endako Mine, mill, and roasting facility in British Columbia.
Willbros Group Inc. (NYSE:WG) announced that the Company will present at the Pritchard Capital Partners - Energize 2011 Conference in San Francisco, California to be held January 5 - 6, 2011.The presentation will take place on Thursday, January 6, 2011, at 11:20 a.m. Pacific Time. The presentation is expected to last approximately 20 minutes. A live webcast and a copy of the presentation will be available online on the Company's home page at www.willbros.com under Events.
Willbros Group, Inc. provides engineering, procurement, and construction services to the oil and gas, refinery, petrochemical, and power industries primarily in the United States, Canada, and Oman. It operates through two segments: Upstream Oil and Gas, and Downstream Oil and Gas.
Penn West Energy Trust (NYSE:PWE) announced that it has received unitholder approval and court approval for its previously announced plan of arrangement (the "Arrangement"), under which the Trust will convert from an income trust to a corporation called "Penn West Petroleum Ltd." ("New Penn West") and which will operate under the trade name "Penn West Exploration". Unitholders holding in excess of 99 percent of the Trust's trust units voted in favour of the Arrangement. Unitholders also approved a stock option plan for New Penn West. The Arrangement is expected to close on January 1, 2011. Pursuant to the Arrangement, unitholders will receive one common share of New Penn West (a "New Penn West Share") for each one trust unit that they hold on January 1, 2011.
Penn West Energy Trust, an open-end investment trust, engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and assets. Its properties are located primarily in the provinces of Alberta, British Columbia, Saskatchewan, Manitoba, and the Northwest Territories, as well as in Montana, Wyoming, and North Dakota. The company was founded in 1979 and is headquartered in Calgary, Canada.
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