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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.
AVOT is seeking a contractor to do an air borne Mag-EM radiometric survey for its present holdings and the immediate surrounding area looking for future acquisitions. AVOT is 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.
Presently AVOT is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
Smokefree Innotec, Inc. (Pinksheets:SFIO), an established international distributor of e-cigarettes (http://www.sfio.us or http://www.realsmokefree.com), announced today through its President and CEO Thomas Schroepfer, that “For the New Year we have moved our business office to 2300 W. Sahara Avenue, Suite 800 in Las Vegas, Nevada 89102. Details can be found on our web site. Also, I want to wish all Smokefree shareholders a prosperous and Happy New Year, and let them know that we are dedicated 24/7 to creating value for the shares of SFIO, and are constantly seeking out and implementing solutions that work for everyone in our business model, to the benefit of Smokefree Innotec, its partners, and its shareholders.”
The Company has experienced significant growth while overcoming setbacks in 2010, particularly in the effect of changing regulatory positions in both the U.S. and internationally. The year began with the Euromarket countries (except Germany) adopting surprise restrictions on marketing nicotine products, and ended with Australian and U. S. regulations being relaxed on such marketing for e-cigarettes. While European markets generally restricted our products to non-nicotine lines, we entered into joint ventures to expand our offerings to successfully include non-nicotine flavored products. In the U.S. we are now about to offer all products, including new flavors presently in testing, through our web site with the convenience of ordering online through shopping carts. This approach will be replicated throughout all of our international markets as we begin an aggressive branding program for Smokefree Innotec.
George Roth, CFO added, “The harsh chaotic December winters suffered by Europe have significantly impacted our progress in those markets, but we intend to resume our marketing activities to place our products on countertops in convenience stores throughout those markets, with a more flexible pricing structure. Similarly, opportunities to replicate this approach here in the U. S have been brought to us and are under negotiations. We are seeking out additional distributors and invite all interested parties to contact me regarding qualifications.”
XETA Technologies Inc. (Nasdaq:XETA) reported earnings of $15,000, or $0.00 per diluted share, on revenue of $24.5 million for the fourth fiscal quarter ended Oct. 31, 2010. This compares to a loss of $1.9 million, or ($0.19) per diluted share, on revenue of $18.1 million for the fourth fiscal quarter ended Oct. 31, 2009. Excluding non-cash goodwill impairment charges of $3.8 million, non-GAAP net income for the fourth fiscal quarter of 2009 was $407,000, or $0.04 per diluted share. For the fiscal year ended Oct. 31, 2010, the Company reported earnings of $1,373,000, or $0.13 per diluted share, on revenue of $85.7 million compared to a net loss of $10.3 million, or ($1.01) per diluted share on revenue of $71.6 million for the same period ended Oct. 31, 2009. Excluding non-cash charges of $17.8 million in impairments to goodwill and the Company's ERP system, non-GAAP net income for the fiscal year ended Oct. 31, 2009 was $721,000, or $0.07 per diluted share.
XETA Technologies, Inc. operates as an integrator of advanced communications technologies in the United States. The company operates in three segments: Services, Commercial System Sales, and Hospitality System Sales. The Services segment offers various services that include customer service, project management, professional services, installation, consulting, and structured cabling implementation.
Converted Organics Inc. (Nasdaq:COIN) announced that the Company purchased the majority ownership interest of the vertical farming entity, GoLocalProduceRI, LLC marking its entrance into the vertical farming industry as owners and operators of what is expected to be the first TerraSphere facilities in the United States. "The opportunity in Rhode Island is exciting in that it provides both an opportunity to deliver $1 million in sales in 2011 and close to $3 million in 2012 to Converted Organics, and the opportunity to control the project to ensure the prompt development of the TerraSphere business model," says Edward J. Gildea, president and CEO of Converted Organics. "We have to sacrifice some license fee income in 2011 by acquiring the business, but we will more than make up for that with produce sales from the facility."
Converted Organics Inc. manufactures all-natural fertilizer and soil amendment products combining disease suppression and nutrition characteristics from food waste and other raw materials. The company sells and distributes its products in agribusiness, turf management, and retail markets.
Wowjoint Holdings Limited (Nasdaq:BWOW) announced it has signed a $1 million equipment sales contract with China Railway Fangshan Bridge Co., Ltd with delivery anticipated in March 2011. The equipment includes two customized 160-ton special carriers that will be used in a highway bridge construction project administered by the Erdos Project Department in Batuta-Junggar. Due to the location of the project, the equipment will offer an environmental protection function for the surrounding mountain area.
Wowjoint Holdings Limited engages in the design, engineering, manufacture, installation, and testing of infrastructure equipment and machinery used in the construction of railways, highways, bridges, and viaducts. The company provides heavy duty launching gantries for the erection of bridges and viaducts; heavy duty tyre trolleys to move prefabricated concrete segments or beams; and straddle carriers/mobilifts to handle bulky loads inside sheltered places, as well as to load and unload cargos in container terminals or steel plants.
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