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. The company 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. We are 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 which are classified as “rare earth” are becoming an ever more crucial aspect of our everyday lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For instance, there are almost ten lbs of the rare earth element, lanthanum, in each and every Toyota Prius motor. Additionally, rare earth elements are crucial to military technologies. Contrary to the name, rare earth metals are not particularly uncommon and may be found in most any region throughout the world. In recent weeks the government made significant strides to increase production of these types of metals, as they will play a significant part in President Obama’s upgrades to US 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.
Presently the company is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
The company will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Asset Intelligence (AI), a leading provider of transportation asset management solutions and a subsidiary of I.D. Systems, Inc. (Nasdaq:IDSY), today announced that Forward Air Corporation has selected AI’s VeriWise(TM) Track & Trace system to monitor and manage its cargo trailers. Forward Air has retro-fitted Track & Trace on its current trailer fleet and is deploying the system on all new trailers as they are acquired.
I.D. Systems, Inc. develops, markets, and sells wireless solutions for managing and securing enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles in North America. The company offers integrated wireless solutions that enable organizations to control, monitor, track, and analyze their enterprise assets.
Cadence Financial Corp. (Nasdaq:CADE) announced on December 9, 2010 that shareholders approved the acquisition of the Company by Community Bancorp LLC (�CBC�), a Delaware limited liability company. Under the agreement, shareholders will receive $2.50 in cash per Cadence common share. The acquisition will be accomplished through the merger of a newly formed subsidiary of CBC with and into Cadence, with Cadence as the surviving corporation. The transaction is expected to close in the first quarter of 2011.
Cadence Financial Corporation operates as a bank holding company for the Cadence Bank, N.A., which provides various banking and financial products and services. The company�s deposit products include noninterest bearing and interest checking accounts, money market accounts, savings accounts, and certificates of deposit.
Onstream Media Corp. (Nasdaq:ONSM) provided status reports on recent developments with respect to our MarketPlace365� product and patent pending on certain video ingestion and flash transcoder technology. In addition, ONSM reported the receipt of a letter from NASDAQ, as a result of the bid price of common stock closing below $1.00 per share for the preceding thirty consecutive business days.
Onstream Media Corporation operates as an online service provider of live and on-demand Internet video, corporate Web communications, and content management applications. Its Digital Media Services Group consists of Webcasting, Digital Media Services Platform (DMSP), User Generated Content (UGC), Smart Encoding, and Travel divisions.
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