American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. As neither the Federal nor Quebec Governments have carried out any air borne surveys in this area, the company will seek a contractor to do an air borne Mag-EM radiometric survey. This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions. AVOT 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.
The 17 elements that are classified as “rare earth” are becoming an increasingly crucial aspect of our day-to-day lives. Rare earth metals are definitely the life blood of modern computers, batteries and alternative energies. For instance, you’ll find nearly 10 pounds of the rare earth element, lanthanum, in each and every Toyota Prius engine. In addition, rare earth elements are essential to military technologies. Contrary to the name, rare earth metals aren’t particularly uncommon and can be found in nearly all region. In recent weeks the us government made important measures to increase production of these types of metals, as they will play a significant part in President Obama’s overhaul of United states energy.
China is the world’s biggest producer of rare earth elements, most are used in today’s technologies, which include new energy sources and hybrid cars. It announced in July that it will cut exports for minerals used to make hybrid cars and televisions by 72 percent during the 2nd half of the year.
China has begun to severely reduce the exports of rare-earth materials, which often find use in �green� technology designs, including hybrid vehicles and energy-efficient lighting, as well as in the medical, defense, and consumer markets. The nation delivers nearly 100% of the world�s rare-earth materials: 17 metals which are somewhat difficult to refine and that often occur in the same ore deposits. The cutbacks have contributed to shock waves through the electronics industry and could force design changes in the near future.
Restrictions on Chinese exports are generating opportunities for non-Chinese projects
AVOT will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Blackrock Real Asset Equity Tru (NYSE:BCF) announced distributions and special distributions.Several of the Funds announced dividend increases. These dividend increases take into account each Fund�s earnings potential in light of the current market environment.
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2010, BlackRock�s AUM was $3.446 trillion. BlackRock offers products that span the risk spectrum to meet clients� needs, including active, enhanced and index strategies across markets and asset classes.
Pep Boys – Manny, Moe & Jack (NYSE:PBY) announced on December 6, 2010 results for the third quarter and nine months ended October 30, 2010. Sales for the third quarter of fiscal 2010 increased by $23.7 million, or 5.0%, to $496.4 million from $472.6 million for the third quarter of fiscal 2009. Comparable store sales increased 3.5%, consisting of a 1.9% comparable service revenue increase and a 3.9% comparable merchandise sales increase. Net earnings for the third quarter of fiscal 2010 more than doubled to $5.7 million ($0.11 per share) from $2.1 million ($0.04 per share) recorded in the same period last year.
The Pep Boys-Manny, Moe & Jack, together with its subsidiaries, operates a chain of stores that provides automotive repair and maintenance services; and sells automotive tires, parts, and accessories in the United States and Puerto Rico. Its product lines include tires; batteries; new and remanufactured parts for vehicles; chemicals and maintenance items; fashion, electronic, and performance accessories; and non-automotive merchandise, such as generators, power tools, personal transportation products, and canopies.
Genpact Ltd. (NYSE:G) hosted their Second Annual Investor Tour of China. A group of institutional investors, representing over $800 billion of Assets under Management (AUM), accompanied the firm while visiting over 25 different companies. The focused companies are leaders within the IT Services & Enterprise Software, Internet Media & Commerce, Online Video Games and Green Technology sectors. The Tour was geographically focused on Beijing and Shanghai.
Genpact Limited engages in the management of business processes for companies worldwide. The company combines process expertise, information technology, and analytical capabilities with operational insight and experience in various industries to provide a range of services using its global delivery platform. Its financial and accounting services include end-to-end transaction services, core accounting services, core operations services, and decision support services.
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