Plateau Mineral Announces New Operations, Business Plan, and Executive Team
December 14 2010 - 8:30AM
Marketwired
Plateau Mineral Development, Inc. (PINKSHEETS: PMDP) announced the
adoption of a new business plan and complete replacement of current
operations.
In the coming days, a new Board and Executive team will be
announced, together with the Plateau Mineral's 2011 Business Plan.
All current and unprofitable natural gas operations or
opportunities are hereby divested. In their place the company has
acquired various precious metal production, shipping, surety, and
arbitrage operations. Current consolidated revenues of the combined
operations exceed USD$24,000,000, are profitable, and have pro
forma 2011 projections based on current executed contracts well in
excess of this amount. Formal projections and revenue estimates
will be released as part of the Company's regular disclosure.
The Company's new operations consist of the following key
components:
- Precious metal international shipping and arbitrage - Risk
surety services for trans-shipping and precious metals exchange and
arbitrage - Acquisition and development of precious metal
production properties - Online international marketplace operations
for direct purchase, sale, ownership and storage of smaller
quantity precious metals
Shareholders are advised that changes announced are the result
of a private change of control and the Company will not be changing
its name and the transaction does not involve a reverse split to
achieve its plan. No new shares have, or will be, issued as part of
this transaction.
The Company will file complete disclosures and financial
statements in order to immediately bring the Company to 'current
information' reporting status with the OTC Disclosure service. The
Company intends to complete its USA-compliant financial audits and
register its securities with the US Securities and Exchange
Commission.
The Company will issue a series of disclosure press releases
describing each operational category, current revenue, and
projections for each.
The Company will soon issue a press release disclosing marketing
strategies, web sites, and office and contact information for its
various operations worldwide.
Safe Harbor Statement: This information
includes certain "forward-looking statements." The forward-looking
statements reflect the beliefs, expectations, objectives and goals
of the Company management with respect to future events and
financial performance. They are based on assumptions and estimates,
which are believed reasonable at the time such statements are made.
However, actual results could differ materially from anticipated
results. Important factors that may impact actual results include
but are not limited to commodity prices, political developments,
legal decisions, market and economic conditions, industry
competition, the weather, changes in financial markets and changing
legislation and regulations. Matters discussed in this press
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. When used
in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions
identify such forward-looking statements. Actual results,
performance or achievements could differ materially from those
contemplated, expressed or implied by the forward-looking
statements contained herein. These forward-looking statements are
based largely on the expectations of the Company and are subject to
a number of risks and uncertainties. These include but are not
limited to risks and uncertainties associated with the impact of
economic, competitive and other factors affecting the Company and
its operations, markets, product, and distributor performance, the
impact on the national and local economies resulting from terrorist
actions, and U.S. actions subsequently; and other factors detailed
in reports filed by the Company. Forward-looking statements are
intended to qualify for the safe harbor provisions of Section 21E
of the Securities and Exchange Act of 1934, as amended.
CONTACT: Plateau Mineral Development Investor Relations
info@plateaumetals.com
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