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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.
By: Karl McMahon
 
Nov. 1, 2010 - PRLog -- 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.

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.

In recent months, China, which holds the largest reserves of the minerals required to manufacture cell phones, smart bombs, wind turbines and other high-tech products has been withholding shipments. Industries reliant on rare earths minerals have encountered these increasing delays, quotas and price hikes amid heightened demand.

China's official explanation for the slowdown mirrors reasons behind the end to US rare-earth mining, environmental degradation.

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Baker Hughes Incorporated  confirmed that it has scheduled a conference call on Monday, November 1, 2010 at 8:30 a.m. eastern, 7:30 a.m. central. During the conference call, the company intends to discuss results for the third quarter 2010, ending September 30, 2010. The results are expected to be released on Monday, November 1, 2010, before the market opens. The company also announced that a slide presentation providing summary financial and statistical and other information that will be discussed on the conference call will also be posted to the company’s website and will available for real-time viewing on the company’s webcast.

Baker Hughes Incorporated and its subsidiaries supply wellbore related products, and technology services and systems for drilling, formation evaluation, completion and production, and reservoir technology and consulting to the oil and natural gas industry worldwide.

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Aetna Inc.  announced the appointment of Cain Hayes as head of its Public & Labor business. In this role, Hayes will have full operating and financial responsibility for the business, including pricing, underwriting, product, distribution and business strategy. Hayes joins Aetna from Nationwide where he was senior vice president & chief sales officer for Nationwide Retirement Solutions. He previously enjoyed a 17-year career at Principal Financial Group.

Aetna Inc. operates as a diversified health care benefits company primarily in the United States. It provides health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life, and disability plans, as well as medical management capabilities and health care management services for Medicaid plans.

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Arcelor Mittal  the world’s leading steel company, announced results for the three months and nine month periods ended September 30, 2010. Health and Safety frequency rate2 was 1.9x in Q3 2010 as compared with 1.8x at Q2 2010, EBITDA of $2.3 billion in Q3 2010, Net debt increased by $1.8 billion to $22.1 billion during Q3 2010 primarily due to foreign exchange impacts and increased working capital.

Arcelor Mittal engages in the production and marketing of finished and semi-finished carbon steel and stainless steel products worldwide. It offers flat products, including sheet and plate; and long products comprising bars, rods, and structural shapes, as well as pipes and tubes. The company serves automotive, appliance, engineering, construction, energy, and machinery industries.

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