American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it has signed an option agreement to acquire two claim blocks in townships of Mekinac and Lajuene, Province of Quebec. These claim blocks are approximately 3600 acres in total and are located 120 miles east of Montreal P.Q. and 50 miles north of Three Rivers P.Q. They are accessible year round with infrastructure in the immediate vicinity.
The claims adjoin a property that had one of the highest readings of Rare Earths in North America. Sampling in the 1950s gave readings of 48% combined Cerium, Lanthanum, Neoymium and Yttrium. That property has remained dormant for over 50 years but the new owners plan an extensive exploration program this fall.
American Video, after a lengthy search and after careful due diligence, believes this is going to be one of the most active areas for Rare Earths exploration and our holdings are in the same geological setting as the 48% Rare Earths showing. Rare Earths are in huge demand especially in the United States as China is closing off its exports of these strategic metals to less than 5% of its production. American Video will aggressively continue to search world wide for opportunities in Precious, Base and Rare Earths metal projects.
Rare-earth metals include terbium, which finds use in flat-panel TVs and high-efficiency fluorescent lamps, and neodymium, key to the permanent magnets in high-efficiency electric motors. Rare-earth metals are not indeed rare. The series of nonferrous metals is common in the environment. According to Design Chain Associates, most rare-earth metals are as common as copper, and even the rarest is more common than gold.
Part of the market pressure on rare-earth metals comes from new demands that green technologies has prompted. The market, including electric- and hybrid-vehicle motors and wind turbines, requires magnets.
Experts warn that the U.S. depends upon China for almost its entire supply of rare earths, and has let its own rare earth production languish despite having about 15 percent of the world’s reserves. A draft of a Chinese rare earths plan for 2009-2015 states that China’s own industrial demand could soon lead to restrictions or bans on the export of rare earths.
The U.S. Geological Survey (USGS) has noted that 91 percent of U.S. consumption of rare earths came from China between 2005 and 2008.
Constraints on Chinese exports are creating opportunities for non-Chinese projects.
Winnebago Industries Inc. (NYSE:WGO) hosted a conference call on Thursday, December 16, 2010 at 9 a.m. Central Time (CT) to discuss the financial results for its first quarter of Fiscal 2011 ended November 27, 2010. The Company released its financial results on December 16, 2010. The event will be archived and available for replay for the next 90 days.
Winnebago Industries, Inc. manufactures motor homes, which are self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. It manufactures conventional motor homes constructed directly on medium-duty and heavy-duty truck chassis, as well as mini motor homes built on van-type chassis with gas and diesel engines.
Safeguard Scientifics, Inc. (NYSE:SFE) announced the integration of SafeCentral�s Corporate Edition solution with the NetSuite cloud computing platform. SafeCentral software integrates with the user�s browser to provide a layer of security around each Web session. Built using NetSuite�s SuiteCloud development platform, the combined solution helps NetSuite customers safeguard financial transactions, and personally identifiable information (PII) that could be exposed through browser access to applications.
Safeguard Scientifics, Inc. is a private equity and venture capital firm specializing in expansion financing, growth capital, management buyout, recapitalization, industry consolidation, corporate spinout, and early stage financing transactions. The firm prefers to make investments in companies engaged in the technology and life sciences sectors.
Intermec, Inc. (NYSE:IN) announced on Dec 13, 2010 that it in partnership with MobileFrame, a leading provider of wireless mobile applications, has empowered professional services firm PBS&J to enhance overall business processes and improve data tracking accuracy to 90 percent. Specializing in architecture, construction and engineering, PBS&J was brought on by the Mississippi Alternative Housing Program to help displaced Hurricane Katrina victims obtain new homes and deployed the Intermec CN3 rugged mobile computer and a MobileFrame application to ensure consistency and expedite processes for housing site inspections.
Intermec, Inc. designs, develops, integrates, sells, resells, and repairs wired and wireless automated identification and data collection (AIDC) products and related services worldwide. Its products include mobile computing products, bar code scanners, wired and wireless bar code printers and label media products, and radio frequency identification (RFID) products.
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