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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.
EVCARCO, Inc. (Pinksheets:EVCA) announced in a recent press release that it has retained The Eversull Group for Financial Public Relations, Investor Relations and Shareholder Services Consulting.
The Eversull Group, based in Frisco, Texas, a suburb of Dallas, has been in business since 1997 and over that time, has been very successful in getting national and international newspaper, magazine and television press coverage, financing, and individual and institutional investors for their clients, and has a good track record moving OTCBB companies to a primary stock exchange.
Mack Sanders, CEO of EVCARCO, stated, “The Eversull Group was recommended to us by a trusted associate and after some due diligence, we believe they are the perfect firm to work with as we bring EVCARCO to new levels. We believe The Eversull Group’s experience and track record suggests they will do a professional job in helping us grow the company relative to financial and media coverage, shareholder relations and an eventual move to a major exchange.”
Jack Eversull, President of The Eversull Group (NYSE:TEG), remarked, “We liked EVCARCO’s management team and their mission. TEG represented the first auto dealership chain to go public in the US, listing on the NYSE. We have considerable experience with Compressed Natural Gas (CNG), Electric, Hydrogen, Ethanol and BioFuels. We feel that EVCARCO has a strategy to make successful environmentally friendly vehicles available on a large scale that will resonate with consumers, cut harmful emissions, and grow EVCARCO revenues.”
For more information on EVCARCO, Inc., please view: www.evcarco.com. Shareholder inquiries should be directed to (972) 571-1624.
EVCARCO Inc. is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles.
Bank of the Carolinas Corp. (Nasdaq:BCAR) reported financial results for the three- and twelve-month periods ended December 31, 2010. For the three-month period ended December 31, 2010, the Company reported a net loss of $2.3 million as compared to a net loss of $1.8 million in the fourth quarter of 2009. After payment of dividends on preferred stock, the net loss available to common shareholders for the three months ended December 31, 2010 was $2.5 million, or $0.65 per common share, compared to a net loss of $2.0 million, or $0.51 per common share, for the fourth quarter of 2009.
Bank of the Carolinas Corporation operates as the holding company for Bank of Carolinas that provides community-oriented commercial and consumer banking services to individuals, and small-and medium-sized businesses primarily in the Piedmont region of North Carolina.
Ditech Networks, Inc. (Nasdaq:DITC) announced that its PhoneTag Auto voice-to-text service is now available in a suite of languages including: English, French, Spanish and German. Ditech’s PhoneTag service enables multiple voice-to-text applications, including voicemail, voice SMS, voice to email, and conference call transcription. All four languages are available now for trialing and revenue service.
Ditech Networks, Inc. offers communications with voice processing solutions that perform tasks ranging from voice-enabled Web 2.0 and unified communications services to voice quality enhancement.
OptimumBank Holdings Inc. (Nasdaq:OPHC) announced that it has commenced a private placement of 7,500,000 shares of the Company's common stock at a price of $2.00 per share. The completion of the offering is contingent upon the sale of a minimum of 5,000,000 shares, as well as shareholder approval of the terms of the offering and an amendment to the Company's articles of incorporation to increase the number of authorized shares from 1,500,000 shares to 20,000,000. If the offering is consummated, the gross proceeds of offering, before payment of placement fees and offering expenses, will be a minimum of $10,000,000 and a maximum of $15,000,000.
OptimumBank Holdings, Inc. operates as the bank holding company for OptimumBank that provides community banking products and services to individuals and corporate customers in Broward, Miami-Dade, and Palm Beach counties, Florida.
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