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. AVOT, 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. AVOT will aggressively continue to search world wide for opportunities in Precious, Base and Rare Earths metal projects.
China is the world’s major producer of rare earth elements, many are used in today’s technology, such as new energy sources and hybrid cars. China announced in July that it will slash exports for minerals used to make hybrid cars and televisions by 72 percent in the second half of the year.
The nation has begun to drastically restrict the exports of rare-earth materials, which frequently find use in �green� technology designs, which includes hybrid vehicles and energy-efficient lighting, also in the medical, defense, and consumer markets. The country delivers nearly 100% of the world�s rare-earth materials: 17 metals which can be hard to refine and that also often occur in alike ore deposits. The cutbacks have resulted in shock waves throughout the electronics industry and might force design changes in the longer term.
Constraints on Chinese exports are forming opportunities for non-Chinese projects.
Nuveen Virginia Premium Income Municipal Fund (NYSE:NPV) announced that 114 Nuveen closed-end funds had declared regular monthly distributions. These funds represent a broad range of tax-exempt, taxable fixed and floating rate income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow.
Nuveen Virginia Premium Income Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management. It invests in the fixed income markets of Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal and Virginia income tax.
Artio Global Investors Inc. (NYSE:ART) reported on December 10, 2010 preliminary month-end assets under management of $51.8 billion as of November 30, 2010, compared to $53.4 billion as of October 31, 2010.
Artio Global Investors, Inc., an asset management company, provides investment management services to institutional and mutual fund clients. It primarily involves in managing and advising Julius Baer Investment Funds. The company offers various investment strategies, including International Equity strategies, Global High Grade Fixed Income, Global High Yield, Global Equity, and the U.S. Equity.
Regal Entertainment Group (NYSE:RGC) declared on Dec 1, 2010 an extraordinary cash dividend of $1.40 per Class A and Class B common share, payable on December 30, 2010, to stockholders of record on December 20, 2010. Regal�s Board of Directors also announced its intention to increase Regal�s quarterly dividend by 17% to $0.21 per share beginning with the dividend the Company intends to declare during the first quarter of 2011.
Regal Entertainment Group, through its subsidiaries, operates a theatre circuit in the United States. It develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets under Regal Cinemas, United Artists, and Edwards brand names. As of December 31, 2009, Regal Entertainment Group operated 6,768 screens in 548 theatres in 39 states and the District of Columbia.
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