DALLAS, Jan. 9, 2012 /PRNewswire/ -- The Kiley
Group, Inc. (Pinksheets: KGRI.PK - News) is proud to announce today
that a 60 month contract has been signed with Stroup Mining, giving
The Kiley Group 100% of the mining and mineral rights. Stroup
Mining is located in Pikeville, KY
positioned on 58 acres. Previous geological reports have shown
upward of 75 million dollars in coal
reserves in today's prices which are locked into 40 inch seams
throughout the property. The exact amount of natural gas reserves
have yet to be determined. For the past 44 years Stroup
Mining has been owned and operated by the same family group.
William Smart, president of the
Kiley Group stated," We are thrilled to enter into this thriving
market. With technological advances in the natural resource
industry, the demand for coal has been rising dramatically.
Growth in this arena has been phenomenal over the last few years
and we believe we are positioning The Kiley Group to be extremely
successful. We will be updating shareholders regularly on the
rapid progress being made."
In addition to the rights, The Kiley Group has full access
and use of the buildings and equipment for the mines located on the
property. The company is currently negotiating the final
purchase price of those assets as well.
Safe Harbor Statement:
This news release includes forward-looking statements pertaining
to future anticipated projected plans, performance and
developments, intended to qualify for the safe harbor from
liability established by the Private Securities Litigation Reform
Act of 1995. Any statements on this news release that are not
statements of historical fact should be considered forward-looking
statements. These forward-looking statements generally can be
identified by phrases such as "believes," "expects," "anticipates,"
"foresees," "forecasts," "estimates," "intends," or other words or
phrases of similar import. Similarly, statements in this news
release that describe the Company's business strategy, outlook,
objectives, plans, intentions or goals also are forward-looking
statements. All such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those in forward-looking statements.
Contact:
The Kiley Group—THEKILEYGROUPINC.COM
606 262 4464
SOURCE The Kiley Group, Inc.