Minerco Resources, Inc., Board of Directors Invited to Honduran Presidential House to Discuss Chiligatoro Hydro-Electric Project
June 01 2010 - 10:07PM
Marketwired
Minerco Resources, Inc., (OTCBB: MINED), a progressive developer,
producer and provider of clean, renewable energy solutions in Latin
America, announced today that the Company's Board of Directors, V.
Scott Vanis and Marco Rodriguez have been invited to "Casa
Presidencial," The Presidential House for formal discussions with
key members of the presidential cabinet regarding the Company's
Chiligatoro Hydro-Electric Project which was just recently approved
by the Honduran National Commission of Energy.
Key attendees at the meeting include: Senora Lic., Maria
Antonieta de Bogran Ministro de la Presidencia (Honduran Vice
President and Minister of Energy), Senor Lic., Salomon Lopez,
Secretario CNE (Secretary National Commission Energy), Senor Lic.,
Allen David Ramos, Alcalde de Cortes (Mayor of Cortes), Senor Ing,
Roberto Martinez, Gerente ENEE, (Director of ENEE, Honduran
National Electric Co.), and the Deputy Minister of Secretaria de
Recursos Naturales y Ambiente ("SERNA").
"We are extremely honored to be invited to discuss our
Chiligatoro Hydro-Electric Project and the future of our Company
with the Honduran administration. Minerco is in a unique position
to assist the Honduran government in bringing clean, renewable,
alternative energy solutions, specifically hydro-electric and wind
powered projects to the country. We are excited and proud to work
with this administration to make the goal of cost effective, clean,
renewable energy a reality for Honduras. This is another milestone
for Minerco and we couldn't be more enthusiastic," said V. Scott
Vanis, President and CEO of Minerco.
As previously released, the company's Chiligatoro Hydro-Electric
Project has been approved by the Honduran National Commission of
Energy. This approval allows Secretaria de Recursos Naturales y
Ambiente ("SERNA"), Honduras' Natural Resources and Environmental
Ministry, to sign and approve the Project for submission to the
National Congress.
The Chiligatoro Approval by the National Commission of Energy
authorizes the construction of the Chiligatoro Hydro-Electric
Project with an initial capacity of 5.2 mega-watts with
consideration for increased capacity based on final plant design
and SERNA approval. Minerco expects to receive increased capacity
approval after submission of the Final Design.
Safe Harbor Statement This release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Act of 1934 that are
based upon current expectations or beliefs, as well as a number of
assumptions about future events. Although we believe that the
expectations and assumptions upon which they are based are
reasonable, we can give no assurance that such expectations and
assumptions will prove to have been correct. Some of these
uncertainties include, without limitation, the company's ability to
perform under existing contracts or to procure future contracts.
The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to
numerous factors and uncertainties, including without limitation,
successful implementation of our business strategy and competition,
any of which may cause actual results to differ materially from
those described in the statements. We undertake no obligation and
do not intend to update, revise or otherwise publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
any unanticipated events. Although we believe that our expectations
are based on reasonable assumptions, we can give no assurance that
our expectations will materialize. Many factors could cause actual
results to differ materially from our forward-looking statements.
C. Jones Consulting, Inc. is being compensated $4000.00/month to
handle Investor Relations.
Please contact: C. Jones Consulting, Inc.
cjones@cjonesconsulting.com
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