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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.
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.
Power3 Medical Products, Inc. (OTC:PWRM)
Power3 Medical Products, Inc. (OTC.BB:PWRM), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, 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. For example, one such lawsuit involves Neogenomics, Inc., which was recently granted a motion for summary judgment with respect to an amount due under a convertible debenture. Power3 intends to appeal this decision.
“We are very excited to be finally ridding ourselves of litigation that has plagued us for several years now,” stated Ira L. Goldknopf, President and Chief Scientific Officer of Power3 Medical Products, Inc. “We have big plans for the future beginning with our upcoming acquisition of Rozetta-Cell and are about to enter a long and substantial growth phase marked by advances in our science and intellectual property. Given the imminent nature of many of these transactions and breakthroughs, we have decided, in consultation with the financiers of Rozetta-Cell, that the best course of action for Power3 is to settle many of these lawsuits so that we can focus our attention exclusively on the acquisition of Rozetta-Cell and the development of our combined businesses after the merger.”
SPX Corporation (NYSE:SPW) announced that its Flow Technology segment has been awarded a contract valued at more than $19 million to custom design and install a cheese plant for Colun, one of Chile's largest dairy companies. The new state-of-the art facility is being constructed in La Union in southern Chile for the Cooperativa Agricola y Lechera de La Union Limitada (Colun). The Colun cooperative includes 750 farmers and 1,300 employees, collecting more than 1.2 million liters of milk daily and producing 240 dairy products for consumers in Chile and other countries. These include milk, cheeses, butter, yogurt, dulce de leche and other products.
SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide.
Murphy Oil Corporation (NYSE:MUR) declared that conference call at 12:00 p.m. Central Time on Thursday, January 27th, to review fourth quarter 2010 earnings, which will be announced Wednesday afternoon, January 26th. Marketwire is handling arrangements for the call. Interested parties may participate by dialing 1-800-575-5790 and referencing reservation number 2241073. The call will also be broadcast live over the internet and can be accessed through the Investor Relations section of Murphy Oil’s Web site at (http://www.murphyoilcorp.com/ir).
Murphy Oil Corporation engages in the exploration and production of oil and gas properties worldwide. It explores for and produces crude oil, natural gas, natural gas liquids, condensate, and synthetic oil.
Gaylord Entertainment Co. (NYSE:GET) announced that its 3.75% Convertible Senior Notes due October 1, 2014, are now convertible at the option of the holders and will remain convertible through March 31, 2011, the last business day of the current fiscal quarter. The notes became convertible because the last reported sale price of the company’s common stock for at least 20 trading days during the 30 consecutive trading-day period ending on December 31, 2010, was greater than 120 percent of the conversion price in effect on such day. The notes have not been convertible in previous fiscal quarters.
Gaylord Entertainment Company, through its subsidiaries, operates as a diversified hospitality and entertainment company in the United States. The company focuses on the large group meetings and conventions sector of the lodging market.
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