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American Video Teleconferencing Corp. (Pink Sheets:AVOT.PK), "the company" 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 the company has under consideration in the province of Quebec.
American Video Teleconferencing 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.
The 17 elements that are classified as "rare earth" have become a more vital part of our day-to-day lives. Rare earth metals are the life blood of modern personal computers, batteries and alternative energies. To illustrate, there are nearly ten lbs of the rare earth element, lanthanum, in just about every Toyota Prius engine. Furthermore, rare earth elements are vital to military technologies. As opposed to the name, rare earth metals are not particularly uncommon and can be found in most continents. In recent weeks the US government has made significant steps to increase production of these metals, since they will have a large part in President Obama's overhaul of US energy.
To contact the company, Email at email@example.com
On behalf of the board
SCOTT VAN BOEYEN
Scott Van Boeyen
Summer Infant, Inc. (Nasdaq:SUMR) announced that Mr. Joe Driscoll, CFO of Summer Infant, will present at the 13th Annual ICR XChange Conference, held at The St. Regis Monarch Beach Resort & Spa in Dana Point, CA, on Wednesday, January 12, 2011 at 2:05 pm Pacific Time. A copy of Company's most recent investor presentation may be accessed by visiting the Investor Relations section of Summer Infant's website.
Summer Infant, Inc., through its subsidiaries, engages in the design, marketing, and distribution of branded juvenile health, safety, and wellness products to retailers primarily in North America and the United Kingdom. It offers products in various product categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, related health and safety products, booster and potty seats.
PC Mall Inc. (Nasdaq:MALL) announced that it has entered into a new 4.25 year, $180 million revolving credit facility with $160 million committed with Wells Fargo Capital Finance, LLC, Bank of America, N.A. and PNC Bank, N.A. as lenders. The new credit facility matures on March 31, 2015. PC Mall can increase its initial maximum credit limit of $160 million by increments of $5 million up to $180 million, subject to commitment by the lenders.
PC Mall, Inc., together with its subsidiaries, operates as a value added direct marketer of technology products, services, and solutions to businesses, government and educational institutions, and individual consumers primarily in the United States. It offers information technology products, services, and solutions, as well as consumer electronics equipment and other consumer products.
NGP Capital Resources Company (Nasdaq:NGPC) announced that its Board of Directors has declared a quarterly dividend to stockholders in the amount of $0.18 per common share. The expected dividend payment date is January 7, 2011 to stockholders of record on December 31, 2010. It is expected that the dividend will be paid out of ordinary income for tax purposes. The tax characteristics of all dividends will be reported to each stockholder on Form 1099 after the end of the year.
NGP Capital Resources Company is a private equity firm specializing in investments in small and mid size and middle market companies. The firm typically invests in acquisitions, buyouts, growth and development, revitalization, restructuring, recapitalizations, and special situations.
Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB:DLKM.OB) has filed a Canadian National Instrument 43-101 Standards for Disclosure of Mineral Projects ("NI 43-101) Technical Report (the "Technical Report") for its Handeni Project. Douglas Lake's 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 square kilometers in the newly developing goldfields of Eastern Tanzania. Douglas Lake filed the Technical Report with the British Columbia Securities Commission via the System for Electronic Document Analysis and Retrieval (SEDAR).
The Technical Report was prepared by Dr. Reyno Scheepers, Ph.D., Pr.Sci.Nat., a South African based consulting geologist and a director of the Company who fulfills the requirements to be a 'Qualified Person' for the purposes of NI 43-101.
DLKM has announced that the Commissioner for Minerals of Tanzania has confirmed the recording in the Central Register the transfer of 100% shares of each of the Prospecting License Nos. 6742/2010, 6743/2010, 6744/2010 and 6779/2010 from IPP Gold Limited to Douglas Lake Minerals Inc., and that such transfer has been duly recorded on the terms and conditions contained in such Prospecting Licenses. These Prospecting Licenses, which cover an area of approximately 800 square kilometers, form Douglas Lake's recently acquired Handeni Project.
DLKM has provided an update regarding its recently acquired Handeni Project which is located in the rapidly developing region of eastern Tanzania. Douglas Lakes' 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 km(2) which are directly adjacent to, and partly surround, Canaco Resources Inc's (V.CAN) 200 km(2) Kilindi license which holds the Magambazi gold mineralization occurrence.
Douglas Lake Successfully Delineates Structural Controls on Gold Mineralization in the Four Handeni Project PLs.
Douglas Lake Minerals is an emerging mineral exploration company focused on exploring mining opportunities in Tanzania. The Company offers gold mining and exploration services. The company is based in Surrey, Canada.
More about DLKM at: www.douglaslakeminerals.com
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