A. Schulman, Inc. (Nasdaq:SHLM) announced that Paul F. DeSantis, Vice President, Chief Financial Officer, Treasurer and Assistant Secretary, will leave the Company. DeSantis, who joined the Company in 2006, has accepted a position as Chief Financial Officer of Bob Evans Farms, Inc., a Columbus, Ohio-based company that owns and operates full-service restaurants under the Bob Evans and Mimi's Cafe brand names and is also a leading producer and distributor of a variety of food items under the Bob Evans and Owens brand names. DeSantis' last day with the Company will be February 28, 2011.
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins.
American Video Teleconferencing Corp. (OTCPK:AVOT)
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.
American Video Teleconferencing Corp. is pleased to announce this month that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company's exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology, has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists. AVOT is looking forward to this new relationship with Mr. Lockhart as he will be able to provide the guidance, expertise and leadership that will be needed moving forward, as he has had many years experience working in the province of Quebec.
Majestic Gold Corp. recently announced that Wardrop, A Tetra Tech Company, ("Wardrop") has completed and delivered a positive Preliminary Assessment ("PA" or "Preliminary Assessment") for the Songjiagou Gold Project located in Shandong Province, People's Republic of China.
Highlights are as follows:
- Net Present Value of US $525 million using a 10% discount rate
- Internal Rate of Return of 78.6%
- Payback in 1.4 years
- Total gold production of 2.324 million ounces (average 105,645 oz/yr) for life-of-mine
- Life-of-Mine strip ratio 1.87 : 1 (waste to ore)
- Mine-Life of 22 years.
"The Preliminary Assessment provided by Wardrop has exceeded our expectations and will form the basis for our continued development of the Songjiagou project," stated Rod Husband, President and CEO of Majestic.
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic is headquartered in Vancouver, Canada.
To learn more about Majestic visit: http://www.majesticgold.net
Advanced Energy Industries, Inc. (Nasdaq:AEIS) a leader in power conversion solutions, announced that it will showcase its innovative new products, the Paramount Series of power generators, and the Navigator II matching network, at SEMICON Korea 2011. The show, one of Asia’s largest technology events, is scheduled for January 26-28 in Seoul, Korea.
Advanced Energy is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation applications.*****
Univest Corp. of Pennsylvania (Nasdaq:UVSP) announced financial results for the fourth quarter and year ended December 31, 2010. Univest reported net income of $4.9 million or $0.30 diluted earnings per share for the quarter ended December 31, 2010, compared to net income of $1.5 million or $0.09 diluted earnings per share for the quarter ended December 31, 2009.For the year ended December 31, 2010, Univest reported net income of $15.8 million or $0.95 diluted earnings per share compared to net income of $10.8 million or $0.75 diluted earnings per share reported for the year ended December 31, 2009. Total non-time deposits increased $26.5 million during the quarter and have increased $154.8 million year over year. These increases were offset by a decline in time deposits of $17.8 million for the three months ended December 31, 2010 and $32.8 million for the twelve months ended December 31, 2010.Gross loans and leases increased $3.8 million during the quarter and $45.2 million for the twelve months ended December 31, 2010.
Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery and Lehigh counties.
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