Minerco Resources, Inc. Receives Municipal Environmental Approval for the Sayab Wind Project
February 14 2011 - 9:10AM
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 approval from the
Environmental Unit of the Municipality of San Marco de Colon for
its 100 Mega-watt Sayab Project. The project is estimated to have
the potential capacity to gross $48 million per year once fully
operational; however such estimates are based upon preliminary
results and assume all studies produce anticipated results and that
expenses do not exceed their estimated amount and therefore can be
no assurance that the results will be as anticipated.
The approval from Environmental Unit of the Municipality of San
Marco de Colon for the Sayab Project is an important and necessary
step in the process in 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 Environmental Approval from the Municipality of San Marco
de Colon for our Sayab Wind Project is very significant. ERHSA has
created a strong relationship with the Municipality, and together
we plan to strengthen the relationship. We look forward to working
closely with the local communities and the Honduran Government in
developing 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
future plans with the Municipality, potential capacity of and
anticipated long term revenue to be derived from the Project. 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 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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