Minerco Resources, Inc. Receives Municipal Rights for the Sayab Wind Project
January 31 2011 - 9:45AM
Marketwired
Minerco Resources, Inc. (OTCBB: MINE), a progressive developer,
producer and provider of clean, renewable energy solutions in Latin
America, announced today the company has received the Municipal
Rights from the Municipality of San Marco de Colon for its Sayab
Project.
The approval from the local municipality for the Sayab Project
is an important and necessary step in the process of obtaining
Congressional approval for the Project. For a step by step look at
the approval process in Honduras, visit our website at
www.minercoresources.com/process.php.
"The approval from the Municipality of San Marco de Colon for
our Sayab Project is very significant. ERHSA has created a solid
foundation with the Municipality, and we plan to build on it. We
look forward to working closely with the local communities and the
Honduran Government to develop our Sayab Project," said V. Scott
Vanis, President and CEO of Minerco.
Safe Harbor Statement This news release contains forward-looking
statements within the meaning of the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are often identified by the words
"believe," "anticipate," "expect," "intend," "estimate," and
similar expressions. All statements in this document regarding the
future outlook related to Minerco are forward-looking statements,
including, but not limited to statements regarding the anticipated
revenue to be derived from the project and the expected date of
commencement of construction. Such statements are based on the
current expectations, beliefs, estimates and projections of
management and are subject to a number of risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements, such as the our
inability to receive necessary regulatory approvals, unanticipated
expenses, delays in the construction of the Project and the failure
of the Project to result in anticipated revenue. Additional
uncertainties and risks are described in our most recently filed
SEC documents, such as our most recent annual report on Form 10-K.
For a more detailed discussion of factors that affect our
operations, please refer to our Securities and Exchange Commission
filings. Copies of this filing is available through the SEC website
at http://www.sec.gov. All forward-looking statements are based
upon information available to us on the date hereof. The Company
undertakes no obligation to update this forward-looking
information.
Please contact: Minerco Resources, Inc. Email Contact
281-994-4187
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