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American Video Teleconferencing Corp. (AVOT.PK) previously announced 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.

The Euro remained under pressure on Monday despite an announcement by Greece, the European Union and the International Monetary Fund that a 3-year bailout package has been reached which will provide as much as $146 billion for the ailing nation.

First Chester County Corporation announced its financial results for the second quarter ended June 30, 2009. Net income totaled $2.2 million, a respectable increase of 22% compared to $1.8 million in the second quarter of 2008. Diluted earnings per share for the quarter were $0.36, a slight rise from the $0.35 per diluted share reported for the second quarter of 2008.

The market did not do much of anything today as we all bide time ahead of the release of Q1 GDP and the FOMC interest rate decision. About the only market moving news today was the talk of V and MA earnings. Both of those stocks produced excellent action today in their respective security, with MA now giving me a 450% return in a little under two years.

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