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Proper Power & Energy, Inc. (OTC BB:PPWE.ob) a Tampa-based independent oil and gas exploration and production company, has announced that it has been approached by two independent financing groups and has submitted a $10 million private placement memorandum to each of them. These two groups are seeking domestic oil and gas production in light of the Middle East tensions.
"The timing to acquire oil and gas properties while gas prices are low couldn't be better. Additionally, the availability of this funding for developing Proper Power's Kentucky and Utah oil prospects will accelerate 2011 revenues and leasehold acreage growth dramatically. We anticipate feedback from both of the financing groups before the end of this month," stated Andrew J. Kacic, President of Proper Power & Energy.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
American Video Teleconferencing Corp. (OTCPK:AVOT)
American Video Teleconferencing Corp. (Pink Sheets:AVOT), announced recently 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.
Video Teleconferencing 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. Video Teleconferencing 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 the company is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
The company is aggressively carrying out searches world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Osiris Therapeutics, Inc. (Nasdaq:OSIR) announced the appointment of Stephen W. Potter as Senior Vice President of Operations and Corporate Development, reporting directly to C. Randal Mills, Ph.D., President and Chief Executive Officer. Mr. Potter has more than 20 years of life science management experience, most recently as Senior Vice President of Corporate and Business Development at Genzyme Corporation.
Osiris Therapeutics, Inc., a stem cell therapeutic company, focuses on developing and marketing products to treat medical conditions in the inflammatory, orthopedic, and cardiovascular areas in the United States and internationally.
Datalink Corp. (Nasdaq:DTLK) announced that it will issue a news release Thursday February 17th, 2011 after the stock market closes to announce fourth quarter and year end operating results for 2010. Datalink will hold a conference call shortly afterward at 4:00 p.m. central time during which time Datalink’s president and chief executive officer, Paul Lidsky, and vice president of finance and chief financial officer, Greg Barnum, will discuss company results and provide a business overview. Participants can access the conference call by dialing (877) 277-9804. Participants will be asked to identify the Datalink conference call and provide the designated identification number (36524198). A live Webcast of the conference call can be heard via Datalink’s website at www.datalink.com.
Datalink Corporation engages in the design, installation, and support of data center solutions to mid and large-size companies. It offers a suite of practice-specific analysis, design, implementation, management, and support services.
ClickSoftware Technologies Ltd. (Nasdaq:CKSW) announced results for the fourth quarter and year ended December 31, 2010. For the fourth quarter ended December 31, 2010, total revenues were $18.5 million, up 8% from $17.2 million in the fourth quarter of 2009. Net income for the fourth quarter of 2010 was $1.6 million, or $0.05 per fully diluted share, compared to net income of $3.8 million, or $0.12 per fully diluted share, for the same period last year.Non-GAAP net income for the quarter was $2.2 million, or $0.07 per fully diluted share, compared to $3.5 million, or $0.11 per fully diluted share, for the same period last year.
ClickSoftware Technologies Ltd. provides workforce and service management software products and solutions. It offers service optimization suite of solutions, including ClickSchedule that enables companies to optimize service scheduling and routing; ClickAnalyze, which provides reporting, monitoring, and service business analytics; ClickMobile that offers wireless workforce management for monitoring field workforce activities and reducing the labor of dispatching personnel.
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