New Colombia Resources Inc. Appoints Dr. Robert Melamede PhD as Scientific Advisor for Research & Approval of Cannabis Based ...
April 22 2014 - 8:15AM
Marketwired
New Colombia Resources Inc. Appoints Dr. Robert Melamede PhD as
Scientific Advisor for Research and Approval of Cannabis Based
Pharmaceutical Products in Colombia
SUNNY ISLES BEACH, FL--(Marketwired - Apr 22, 2014) - New
Colombia Resources, Inc. (OTCQB: NEWC) ("New Colombia" or "the
Company"), a U.S. company with coal and other resource assets in
Colombia, is pleased to announce the appointment of Dr. Robert J.
Melamede PhD, President of Cannabis Science, Inc., as a scientific
advisor to gain approval to legally research and market cannabis
based pharmaceutical products in Colombia and other Latin American
countries. The Company is discussing a collaborative effort with
Cannabis Science, Inc.
Dr. Melamede, retired Chairman of the Biology department of the
University of Colorado at Colorado Springs, is a world renowned
leader in Cannabis research with many years investigating the human
body's endocannabinoid system and its reaction to cannabinoids. Dr.
Melamede has made many presentations around the globe explaining
the benefits of cannabinoids for cancer patients.
"I am thrilled to finally start this project in Colombia given
its history and rising economic standing on the world stage. Many
patients in Latin America will benefit from the research done in
Colombia," stated Dr. Robert Melamede PhD.
New Colombia Resources will form a joint venture to include U.S.
and Colombian investors, universities, and pharmaceutical partners.
New Colombia will work closely with government agencies to allow
them permission to conduct research of cannabis based formulations.
They will hire a reputable law firm to handle government approvals,
lobbying, and public relations. The joint venture will conduct
studies in different regions of Colombia with high incidences of
the specific illness for which treatment is being researched
without regard to socio-economic status. New Colombia Resources
will lead the effort to gain approval from INVIMA (National
Institute of Food & Drug Vigilance) to market these products in
Colombia and other Latin American countries.
"Dr. Melamede and I have been discussing research in Colombia
for a few years and we feel now is the right time, I'm very happy
to work with him again. As a Colombian American I truly believe
this is a project of national interest for Colombia. We will make
every effort to follow strict international standards in our
studies working with universities, research institutions, and
pharmaceutical partners throughout Colombia," stated John Campo
President of New Colombia Resources, Inc.
The venture will focus its initial efforts on a skin cancer
cream and treatments for epilepsy including Dravet syndrome in
children. The company will produce a high cannabinoid (CBD) strain
low in tetra hydrochloride (THC) similar to the "Charlotte's Web"
strain being used in Colorado. Families of children with Dravet
Syndrome have been moving to Colorado to legally gain access to
these strains and administer it to their children with miraculous
results. New Colombia Resources will work with pharmaceutical
companies to manufacture products with controlled doses like all
INVIMA approved medicines.
Colombia has surpassed Argentina as the third largest economy in
Latin America behind Brazil and Mexico. The government of Colombia
is injecting US$ 25 Billion into the economy through infrastructure
investments in an effort to unleash an economic growth spurt. New
Colombia Resources will be a direct beneficiary of these
investments by supplying raw building materials for these projects
and using the new infrastructure to transport their high quality
metallurgical coal to export markets. The Company will provide an
update of their rock and coal mining operations in the coming
days.
About New Colombia Resources, Inc. New Colombia Resources, Inc.
is focused on the acquisition and development of high-quality
metallurgical coal properties and other available resources in the
Republic of Colombia. They expect to have several revenue producing
businesses including; metallurgical coal mining, African palm
distribution, and traditional and organic coffees. They own 100% of
La Tabaquera metallurgical coal mine in Colombia with an estimated
15- 17 MM tonnes of reserves. They have another pending acquisition
for 390 ha and a solicitation contract for 184 ha metallurgical
coal concession. In October 2013 they are planting 2000 African
palm trees for the production of bio-diesel in Colombia and they
are acquiring an organic coffee company. Once the necessary
financing is obtained, the Company plans to have additional revenue
producing business units in Colombia: coal mining, coking oven
facilities, docks, river, and rail transportation to export
terminals in Colombia. The Company is also exploring allegiances
with U.S. and Colombian universities to study capturing Coal Bed
Methane (CBM) in Colombia. For more information on the Company
visit www.newcolombiaresources.com.
Transportation, Logistics and Other Information New Colombia
Resources intends to sell their coal at the mine's gate unless they
enter into off-take agreements. Upon proper financing, the Company
plans to build or acquire river or rail loading facilities on the
Magdalena River close to their mines. The coal will be trucked to
these distribution centers, and then barged via the Magdalena River
or by rail to terminals in Barranquilla, Santa Marta, or Cartagena
for export. Initially they will use existing logistics providers
while their transportation projects are being developed. After the
rail projects and the "Road to the Sun" project are completed, New
Colombia Resources will have one of a few metallurgical coal mines
in the World with river, rail, and road access to coal export
terminals on both the Atlantic and Pacific Oceans.
Forward Looking Statements Forward Looking Statements; This
Press Release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934. A statement containing works
such as "anticipate," "seek," intend," "believe," "plan,"
"estimate," "expect," "project," "plan," or similar phrases may be
deemed "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Some or all of
the events or results anticipated by these forward-looking
statements may not occur. Factors that could cause or contribute to
such differences include financing, the future U.S. and global
economies, the impact of competition, and the Company's reliance on
existing regulations. New Colombia Resources, Inc. does not
undertake any duty nor does it intend to update the results of
these forward-looking statements.
Company Contact: New Colombia Resources, Inc. John Campo
President/Chairman (1)-410-236-8200 USA
jcampo@newcolombiaresources.com New Colombia Resources, Inc.,
mining subsidiary Cia. Minera San José Ltda. Kra. 3 # 2-52 Guaduas,
Cundinamarca Colombia (57) (1) 846-6579
www.newcolombiaresources.com