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American Video Teleconferencing Corp. (OTC:AVOT)
American Video Teleconferencing Corp. recently announced 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.
Rare Earth Element permanent magnets are installed in all computer hard drives, CD-ROM drives and DVDs. The voice coil motor controls the arm that reads and writes information onto the disk and a Rare Earth magnet gives better control allowing thinner tracks and more information storage. More stable spinning is achieved with a Rare Earth magnet driving the spindle of the disk drive.
Rare Earth Elements play a key role wide range of health and medical applications, including drug treatments, diagnostic techniques and equipment. Rare Earth Element act as catalysts in biomedical and chemical research, are used as tracing agents during imaging, and in laser and radio isotopic treatment for cancer.
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. American Video Teleconferencing Corp is normally known for its business and efforts of exploration in Rare Earth Elements. According to the Company, it aggressively continues to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
Orofino Gold Corp. (ORFG)
Orofino Gold Corp. is a Colombia-based gold producer with primary projects in the mineral-rich Senderos de Oro region of northern Colombia. Orofino's directors operate the company's two parallel growth strategies: continue development of existing properties and acquire additional mining assets.
Gold is a good reflector of both infrared and visible light, gold is used for the protective coatings on many artificial satellites. Gold flake is used on and in some gourmet sweets and drinks. Having no reactivity, gold adds no taste but is taken as a delicacy. Gold is used as a coating enabling biological material to be viewed under a scanning electron microscope.
Orofino Gold Corp. has begun opening various exploration adits and vertical shafts in the Culo Alzado mining area. These exploration shafts are within the same boundary area where geochemical anomalies were noted in the report by Robert P. Shaw, P.Geo, prepared in 1995 and recently released by Orofino, as well as the recently released technical report by Thomas H. Carpenter, P.Geo, prepared on behalf of Orofino Gold Corp.
The shafts are being developed along vertical veins roughly oriented on a northeast trajectory. They are in close proximity to nearby excavation projects artisanal miners have been successfully developing for more than 30 years. Initial work on these still-shallow areas has revealed vertical, mineralized veins of gold deposits. Early results from samples taken from the adits have shown in excess of 10 grams of gold per ton in veins up to one meter in width and open at depth. These promising shallow-depth results indicate the potential for higher grades of mineralization at deeper depths along the same axis. Orofino expects to provide further information from these early-stage explorations as information becomes available.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino's corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
For more information about Orofino Gold Corp. visit its website www.orofinogoldcorp.com
Titan Machinery, Inc. (Nasdaq:TITN) announced that it has closed on the acquisition of Carlson Tractor and Equipment. The acquisition consists of two construction locations in the Minneapolis suburbs of Rosemount and Rogers, Minnesota. Carlson Tractor and Equipment provides heavy, medium, and light construction equipment, heavy duty land clearing equipment, wood and waste processing equipment, and aggregate processing equipment.
Titan Machinery Inc. owns and operates networks of full service agricultural and construction equipment stores. It engages in new and used equipment sales; parts sales; repair and maintenance services; and equipment rental and other activities.
Seneca Foods Corporation (NASDAQ:SENEA) will release its fourth quarter fiscal 2011 earnings for the year ended March 31, 2011 on Thursday, May 26, 2011. In conjunction with this release, Seneca will host a conference call on Friday, May 27, 2011 beginning at 10:00 a.m. EDT. Kraig Kayser, President and CEO, and Roland Breunig, CFO, will host the call. The live broadcast of the conference call is available by dialing (866) 961-1484 (conference ID 1532020). If you are unable to listen to the live conference call, a replay will be available on Tuesday, May 31, 2011. Please visit www.senecafoods.com and click on "Company Profile" and then "Investor Information". This replay will be available for two weeks.
Seneca Foods Corporation engages in the production and distribution of processed fruits and vegetables, frozen vegetables, and other food products in the United States.
FreightCar America Inc. (Nasdaq:RAIL) reported results for its first quarter ended March 31, 2011, with revenues of $72.2 million and a net loss of $1.3 million, or $0.11 per diluted share. For the fourth quarter of 2010, the Company reported revenues of $51.0 million and a net loss of $3.5 million, or $0.29 per diluted share. For the first quarter of 2010, the Company generated revenues of $19.5 million and a net loss of $3.3 million, or $0.28 per diluted share. The Company delivered 875 railcars to customers in the first quarter of 2011, of which 858 were new railcars. This compares to 694 new railcars delivered in the fourth quarter of 2010 and 321 new, used and leased railcars delivered in the first quarter of 2010. There were 4,027 units ordered in the first quarter of 2011, compared to 331 units ordered in the fourth quarter of 2010 and 3,656 units ordered in the first quarter of 2010. Total manufacturing backlog was 5,206 units at March 31, 2011 compared to 2,054 units at December 31, 2010 and 3,600 units at March 31, 2010.
FreightCar America, Inc., through its subsidiaries, manufactures, rebuilds, repairs, sells, and leases freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products, and automobiles primarily in North America.
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