American Video Teleconferencing Corp. (Pink Sheets:AVOT)
American Video Teleconferencing Corp. 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.
Rare earth material has many uses. Rare-earth minerals consist of terbium, which is used in flat-panel TVs and high-efficiency fluorescent lamps; and neodymium, key to the permanent magnets in high-efficiency electric motors. Rare-earth materials are not all that unusual. The series of nonferrous metals frequently occurs in the environment.
According to Design Chain Associates, the majority of rare-earth materials are as common as copper, and even the rarest, is more common than gold.
This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions the rare metals.
Also parts of the market pressure on rare-earth minerals arises from new demand that green technologies has prompted. Electric and hybrid vehicle motors and wind turbines, all require magnets.
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.
Alliance New York Municipal Income Fund Inc. (NYSE:AYN) a closed-end management investment company, declared on January 25, 2011, a monthly distribution of $0.0710 per share of Common Stock, payable February 18, 2011 to shareholders of record at the close of business on February 4, 2011. Ex-date will be February 2, 2011. Alliance New York Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.
Alliance New York Municipal Income Fund, Inc. operates as a nondiversified, closed-end management investment company.
Fidelity National Financial, Inc. (NYSE:FNF) a leading provider of title insurance, mortgage services, specialty insurance and information services, announced the completion of the Remy International ("Remy") Common Stock Rights Offering ("the Offering"). For each share previously owned, the Offering provided all Remy common shareholders the right to purchase two shares of additional Remy common stock at a price of $11.00 per share. Eligible Remy shareholders exercised rights for approximately 19.7 million shares of common stock resulting in proceeds of approximately $217 million, including the tender of approximately $93.5 million worth of Remy preferred stock. At the end of the Offering, Remy will have approximately 31.6 million shares of common stock outstanding.
Fidelity National Financial, Inc., through its subsidiaries, provides title insurance, specialty insurance, claims management services, and information services in the United States.
Majestic Gold Corp. (TSX.V:MJS)(FSE:MJT) is pleased to announce that Wardrop, A Tetra Tech Company, (Wardrop) has completed and delivered a positive Preliminary Assessment (PA or Preliminary Assessment) for the Songjiagou Gold Project located in Shandong Province, People's Republic of China. Highlights are as follows: net Present Value of US $525 million using a 10% discount rate, internal Rate of Return of 78.6%, payback in 1.4 years, total gold production of 2.324 million ounces (average 105,645 oz/yr) for life-of-mine, Life-of-Mine strip ratio 1.87 : 1 (waste to ore), and Mine-Life of 22 years.
The Preliminary Assessment provided by Wardrop has exceeded our expectations and will form the basis for our continued development of the Songjiagou project, stated Rod Husband, President and CEO of Majestic Gold Corp.
For centuries, buying gold has been recognized as one of the best ways to preserve one's wealth and purchasing power. Gold is a unique investment, one that has served mankind well for thousands of years. From the times of ancient Egyptians, Greeks and Romans to more modern times, man has been fascinated with the beauty and magic of gold, and with its power to change men's lives.
Gold is also well known as a coinage metal (because of its scarcity, inertness, and decorative features) and is a standard for monetary systems in many countries. Apart from gold coins, gold ingots, and gold bars, gold is available in many forms including pure gold and alloys as gold flakes, foil gauzes (meshes), grain, powders, sheet, sponges, tubes, wires and even single gold crystals.
Gold is too expensive to use by chance. Instead it is used deliberately and only when less expensive substitutes can not be identified. As a result, once a use is found for gold it is rarely abandoned for another metal. This means that the number of uses for gold have been increasing over time.
Wardrop evaluated the economic viability of the Songjiagou project using pre-tax discounted cash flow analysis based on the engineering work and cost estimates discussed in the Preliminary Assessment. Over the life of the mine, Songjiagou is estimated to produce on average 106,000 ounces gold in concentrate per year. Total gold produced for LOM will be 2.324 million ounces; with a gold price of $973 per ounce and total operating cash flow of US$1,516 million, the total cash cost is US$745 million or US$321 per ounce of gold. The pre-tax Net Present Value is US$525 million and the IRR is 78.6%.
For More Information On Majestic Gold: www.majesticgold.net
NCR Corp. (NYSE:NCR) announced it is creating a dedicated emerging markets sales group as part of its strategy to drive growth by responding faster to the needs of companies and consumers in some of the world's fastest growing economies. Stelios Fragkos has been promoted to regional vice president, Emerging Markets Group, which comprises Brazil, India, China and Middle East and Africa. Reporting to Peter Leav, senior vice president, global sales, Fragkos will focus on expanding NCR's customer base, revenue and profitability in these markets. The new organization arrangement will create the focus required to allow Fragkos and his team of regional leaders to deliver responsive support to customers' needs by extending NCR's partnership approach and tightly aligning the company's regional go-to-market, R&D and manufacturing strategies.
NCR Corporation provides technologies and services that help businesses primarily in the financial services industry to connect, interact, and relate with their customers worldwide.
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