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American Video Teleconferencing Corp. (OTCPK:AVOT)
American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it 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.
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 American Video Teleconferencing Corp. (OTCPK:AVOT) may just be the new source, here’s why.
American Video believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. It is currently looking for these Rare Earths Minerals in Canada, the US’s Northern neighbor.
Orofino Gold Corp. (PINK:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
The company is please to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. (see full resume on the company website at www.orofinogold.com)
Mr. Pernett will be responsible for all affairs of the Company in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The company and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, the company’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. The Company wish him well and success in future endeavors.
Patriot Transportation Holding Inc. (Nasdaq:PATR) reported net income of $6,395,000 or $.68 per diluted share in the first quarter of fiscal 2011, an increase of $5,059,000 or 378.8% compared to net income of $1,336,000 or $.14 per diluted share in the same period last year. The first quarter of fiscal 2011 included an after tax gain of $4,926,000 or $0.52 per diluted share from the previously disclosed sale of property in Caroline County, Virginia.
Patriot Transportation Holding, Inc., together with its subsidiaries, engages in the transportation and real estate businesses primarily in the United States. Its Transportation segment hauls petroleum, bulk liquids, and dry bulk commodities by tank trailers. This segment primarily serves customers in the petroleum industries in the southeastern United States.
Multi-Fineline Electronix Inc. (Nasdaq:MFLX) announced that the Company's President and CEO, Reza Meshgin, and Chief Financial Officer, Tom Liguori, will be presenting at the Stifel Nicolaus 2011 Technology, Communications & Internet Conference. The conference is being held February 9-11, 2011 at The Fairmont Hotel in San Francisco. The Company is scheduled to present at 3:15 p.m. Pacific on Thursday, February 10, 2011. The Company will provide a live webcast of the presentation. Interested parties may tune in to the live presentation by visiting the 'Investor Relations' section of the Company's web site at www.mflex.com. After the live presentation, an archive of the webcast will also be available at the Company's web site.
Multi-Fineline Electronix, Inc. engages in the engineering, design, and manufacture of flexible printed circuit boards and related component assemblies for the electronics industry.
Insituform Technologies Inc. (Nasdaq:INSU) will issue its financial results for the quarter and year-ended December 31, 2010 on Thursday, February 24, 2011 after the close of the market. Joe Burgess, President and Chief Executive Officer will host a conference call on Friday, February 25, 2011 to discuss fourth quarter and year-end financial results.
Insituform Technologies, Inc., through its subsidiaries, provides proprietary technologies and services for rehabilitating sewer, water, energy, and mining piping systems and the corrosion protection of industrial pipelines in North America and internationally.
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