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MMM, WBK, VMC, AVOT, PWRM - Stock Updates! from CRWEfinance.com

Jan. 13, 2011 12:28 PM ET
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3M Co. (NYSE:MMM) announced they have entered into a patent license agreement involving digital display technology. The license agreement resolves a legal dispute between the parties in the United States District Court for the District of Delaware involving Minkus Electronic Display Systems’ United States Patent Number 5,309,174. Under the terms of the settlement, the court made no findings on validity, enforceability or infringement of the Minkus patent, and neither party made any admissions regarding those issues or the merits of the case.

3M Company, together with its subsidiaries, operates as a diversified technology company worldwide. It operates in six segments: Industrial and Transportation; Health Care; Consumer and Office; Safety, Security and Protection Services; Display and Graphics; and Electro and Communications.

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 American Video Teleconferencing Corp. (OTC:AVOT)

The 17 elements that are classified as "rare earth" are becoming an increasingly important part of our daily lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology. Contrary to the name, rare earth metals aren't particularly rare and can be found in most any continent. In recent weeks the US government has made important steps to increase production of these metals, as they will play an important part in President Obama's overhaul of U.S. energy.

AVOT  has recently 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.

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Westpac Banking Corporation (NYSE:WBK) announced that it commenced a cash tender offer for any and all of its 3.25% Guaranteed Senior Notes due December 16, 2011 (the "Notes") outstanding in an aggregate principal amount of US$3 billion. The tender offer is being made pursuant to an offer to purchase and related letter of transmittal, each dated, which set forth a more complete description of the terms and conditions of the tender offer, including the calculation of the cash purchase price. Holders of the Notes are urged to read the offer to purchase and the related letter of transmittal carefully before making any decisions with respect to the tender offer.

Westpac Banking Corporation provides a range of banking and financial products and services to individuals and corporate customers primarily in Australia and New Zealand.

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Power3 Medical Products, Inc. (OTC:PWRM)

Power3 Medical Products, Inc.'s 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, PWRM is a party to several litigation matters, most of which relate to various toxic debt instruments that were entered into by PWRM 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 PWRM's depressed stock price and have distracted the company from its mission, PWRM 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, PWRM 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. PWRM intends to appeal this decision.

Power3 Medical Products, Inc., a bio-technology company, engages in the development and marketing of diagnostic tests in the fields of cancer, and neurodegenerative and neuromuscular diseases in the United States. The company was formerly known as Surgical Safety Products, Inc. and changed its name to Power3 Medical Products, Inc. in September 2003. Power3 Medical Products, Inc . was founded in 1992 and is based in The Woodlands, Texas.

To learn more about PWRM visit: http://www.Power3Medical.com

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Vulcan Materials Company (NYSE:VMC) announced senior management changes to be effective February 1, 2011. Vulcan's Board of Directors elected Danny R. Shepherd (59) to the position of Executive Vice President – Construction Materials and Daniel F. Sansone (58) to the position of Executive Vice President and Chief Financial Officer. Mr. Shepherd has more than 25 years of experience with the company and is currently Senior Vice President – East. Mr. Sansone joined Vulcan in 1988 and is currently Senior Vice President and Chief Financial Officer.

Vulcan Materials Company engages in the production and sale of construction aggregates for the infrastructure industry primarily in the United States. The company operates in three segments: Aggregates, Asphalt Mix and Concrete, and Cement.

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