Terra Nostra Appoints Sun Liu James Po as Chairman and CEO
March 12 2007 - 9:58AM
PR Newswire (US)
LOS ANGELES, March 12 /PRNewswire-FirstCall/ -- Terra Nostra
Resources Corporation (OTC:TNRO) (BULLETIN BOARD: TNRO) (the
"Company" or "Terra Nostra") is pleased to announce the appointment
of Mr. Sun Liu James Po as Chief Executive Officer and Chairman of
the Board of Directors. Mr. Po has a proven track record of
successfully consummating large scale projects worldwide, with a
focus on mergers, acquisitions and strategic partnerships. These
projects have been across multiple sectors including mining,
petrochemicals, natural resources and real estate. His roles have
encompassed project leader, corporate structuring, political
strategist, and financing. Mr. Po has been extensively involved in
China at commercial, financial and political levels since the
1980's, serving as a key intermediary between the political and
economic reality of Chinese business ventures, and the rigorous
transparency of the North American, European and Asian public
markets. "With Mr. Po having been involved in the copper project as
a co-founder since 1994 and the stainless steel project from
inception in 2002, combined with his extensive experience and
expertise, Terra Nostra is very excited to have Mr. Po take a
leadership role at the Company. His vision and guidance will be
instrumental in launching Terra Nostra on an unprecedented period
of growth as operations in China continue to expand, and the
Company becomes better known within the global investment
community," states Mr. Don Nicholson, President of Terra Nostra.
About Terra Nostra Resources Corporation Terra Nostra is one of the
leading copper producers in China through its 51% interest in
Shandong Terra Nostra Jinpeng Metallurgical Co. Ltd., which has an
existing and under construction production capacity of 170,000 MT
of electrolytic copper, 20,000 MT of low-oxygen copper, and
value-added copper rod and wire facilities. Terra Nostra is also
emerging as a leading stainless steel producer in China through its
51% interest in Shandong Quanxin Stainless Steel Co. Ltd., a modern
stainless steel production facility that commenced operations in
early 2006 with a now expanded 230,000 MT casting mill, and a
recently commissioned 150,000 MT rolling mill. The two joint
venture companies, with total assets exceeding US$ 200 million and
having over 800 employees, are located in the highly industrialized
coastal province of Shandong, midway between Beijing and Shanghai.
More information on Terra Nostra can be found at
http://www.tnr-corp.com/, or call 1-866-626-0088. Forward Looking
Statements Except for the historical information contained herein,
the matters set forth in this press release, including statements
with respect to expectations concerning (i) projects underway or
under consideration, including production capacity and completion
schedules; (ii) business and future potential of Terra Nostra
Resources Corporation ("TNR"); (iii) estimates or implications of
future earnings, profits, EBIDTA, and the sensitivity of earnings
to metals prices; (iv) estimates of future metals production, sales
and profitability; (v) estimates of future cash flows, and the
sensitivity of cash flows to the other metals and ore costs as well
as, but not limited to, fluctuations in fuel prices, scrap prices,
and the availability of both, are all forward- looking statements
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Further risks,
uncertainties and other factors, which affect the forward-looking
statements included herein, and could cause actual results to
differ materially from future results expressed, projected or
implied by such forward-looking statements include, but are not
limited to, completion of TNR's capital contributions to the joint
venture companies, working capital financing, metals price
volatility, competition for projects, reserve acquisition costs,
currency fluctuations, international economic uncertainty,
sovereign risk, force majeure, changes in tax law or concession
law, project scheduling delays, labor disputes, increased
production costs and variances in ore grade, scrap grade or
recovery rates from those assumed in production plans, political
and operational risks in the countries in which TNR may operate and
governmental regulation and judicial outcomes, and other risks
detailed from time to time in TNR's filings with the Securities and
Exchange Commission, including its Quarterly Report on Form 10-Q
for the quarter ended November, 2006. Copies of each filing may be
obtained from TNR or the SEC. Furthermore, metals operation, by
their very nature, entail cyclical, sectoral, and commodity risk
and could expose an investor to the entire loss of all capital
invested. TNR does not undertake any obligation to publicly release
any revisions to any forward-looking statements to reflect events
or circumstances after the date of this release or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws. DATASOURCE: Terra Nostra Resources
Corporation CONTACT: Terra Nostra, 1-866-626-0088 Web site:
http://www.tnr-corp.com/
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