American Video Teleconferencing Corp. (AVOT)
There are 17 rare earth elements (REEs), 15 within the chemical group called lanthanides, plus yttrium and scandium. The lanthanides consist of the following: lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. Rare earths are moderately abundant in the earth’s crust, some even more abundant than copper, lead, gold, and platinum. While more abundant than many other minerals, REE are not concentrated enough to make them easily exploitable economically. The United States was once self-reliant in domestically produced REEs, but over the past 15 years has become 100% reliant on imports, primarily from China, because of lower-cost operations.
World demand for rare earth elements are estimated at 134,000 tons per year, with global production around 124,000 tons annually. The difference is covered by previously mined aboveground stocks. World demand is projected to rise to 180,000 tons annually by 2012, while it is unlikely that new mine output will close the gap in the short term. New mining projects could easily take 10 years to reach production. In the long run, however, the USGS expects that global reserves and undiscovered resources are large enough to meet demand.
Rare earths are obscure metals, less well known to the general public than iron, aluminum, gold and silver, but they are economically just as important, perhaps more so. In small amounts rare earths are present in a host of everyday products. In fact they have made possible many of the modern products we now find indispensable to daily life, and have greatly enhanced the performance characteristics of others that we rarely think about — missiles, rockets and satellites — but which are insinuated in our lives through many paths.
Rare earth elements are not just a commodity with simple supply and demand imbalances, but are at the very core of an energy revolution. The renewable energy industry is exploding and it cannot exist without rare earth elements. The renewable energy sector relies heavily (and solely in many cases) on the availability of rare earth elements.
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is normally known for its business and efforts of exploration in Rare Earth Elements. According to the Company, it aggressively continues to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
Inhibitex Inc. (Nasdaq:INHX) announced its financial results for the fourth quarter and year ended December 31, 2010, and provided an update on recent clinical and corporate developments. Fourth Quarter 2010 Financial Results: As of December 31, 2010, the Company held $19.6 million in cash, cash equivalents and short-term investments. The Company reported a net loss for the fourth quarter of 2010 of $7.0 million, as compared to a net loss of $4.7 million in the fourth quarter of 2009. The $2.3 million increase in net loss in the fourth quarter of 2010 was primarily the result of higher research and development expense, and to a lesser extent, higher general and administrative expense and lower net interest income, offset in part by an increase in other income. Basic and diluted net loss per share was $0.11 for the fourth quarter of 2010 compared to $0.08 for the fourth quarter of 2009. The increase in net loss per share in the fourth quarter of 2010, as compared to the fourth quarter of 2009, was due to the higher net loss, offset in part by an increase in the weighted average number of shares outstanding.
Inhibitex, Inc., a biopharmaceutical company, focuses on the development of differentiated anti-infective products to prevent or treat serious infections, primarily shingles and chronic infections caused by hepatitis C virus (HCV).
Pure Bioscience (Nasdaq:PURE) announced that its marketing partner, Richmont Sciences, LLC (Richmont), through its distributor, Bio Care Products (Pty) Ltd. of Lanseria, has obtained registration of PURE’s SDC-based IV-7 Ultimate Germ Defense� disinfectant for use on all inanimate surfaces by the South African National Regulator for Compulsory Specifications. PURE Bioscience plans to sell IV-7 Ultimate Germ Defense� to Richmont Sciences for distribution in South Africa. It is anticipated that this same distribution structure will be implemented for IV-7 Water Treatment�, for which the necessary South African government letter of authorization, rather than registration, is expected to be received soon.
PURE Bioscience engages in the development and commercialization of silver ion bioscience technologies principally in the United States. The company offers silver dihydrogen citrate-based antimicrobials.
Ediets.com Inc. (Nasdaq:DIET) will announce financial results for the fourth quarter and full year ended December 31, 2010, on Wednesday, March 30, 2011, after the market close. The Company will hold a conference call to discuss the results the same day. The conference call is scheduled to begin at 5:00 p.m. Eastern Time on March 30, 2011. Participants may access the call by dialing 866-272-9941 (domestic) or 617-213-8895 (international), passcode 27405864. In addition, the call will be webcast via the company’s Web site at http://www.eDiets.com, Investor Relations, where it will also be archived. A telephone replay will be available through Wednesday, April 6, 2011. To access the replay, please dial 888-286-8010 (domestic) or 617-801-6888 (international), passcode 86998333.
eDiets.com, Inc. engages in developing and marketing Internet-based diet and fitness programs to consumers and businesses primarily in North America.
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