Old RYQG Management:
Ron Ruskowsky (President, CEO and CFO)
Mr. Ruskowsky has a diverse and strong background in corporate structure, management and finance. He has been involved in all aspects of management from marketing to finance and acquisitions in both public and private corporations for over twenty years.
Roger Janssen (Vice President and Secretary)
Roger Janssen has been involved in senior management positions in the private and public sector for the past twenty-five years. Mr. Janssen has owned and operated a successful manufacturing business and has traveled internationally as a management consultant for a number of private companies during their start up phase.
Phil van Angeren (P.Geol. - Exploration Manager)
Mr. van Angeren is a graduate from McGill University with a BSc. Honors degree in geology. He has over twenty-five years experience in managing exploration and development programs in the precious metal and oil and gas throughout North and South America.
Royal Quantum Updates Ohio Property
Friday November 7, 2:25 pm ET
CALGARY, AB--(MARKET WIRE)--Nov 7, 2008 -- Royal Quantum Group, Inc. (OTC BB:RYQG.OB - News) -- The company has completed its review of the engineering evaluation on the Ohio Oil & Gas property acquisition. The 3rd party engineering evaluation has identified certain inaccuracies in the data provided to the company by the land owner. As a result of this, management has determined it is not in the best interest of the company to continue with the project and has notified the landowner of its intent not to pursue the acquisition. The company has also demanded the immediate return of the funds and stock issued to the landowner for the final extension. To date the landowner has not responded to our request. The company is reviewing its legal options for the return of the consideration.
Royal Quantum is continuing its evaluation of projects for acquisition which meet its criteria of cash flow or near term cash flow producing properties within the resource sector.
Royal Quantum is a North American based exploration and development Company, focusing on the acquisition and development of Uranium, Gold and Copper projects which demonstrate high probability for near term production. Royal Quantum is a fully reporting public company trading on the OTCBB market under the symbol RYQG.
Statements released by Royal Quantum Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Visit the Royal Quantum Group, Inc. web site at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.
For additional information please contact:
Royal Quantum Group, Inc.
Suite # 145, 251 Midpark Blvd S.E.
Calgary, AB T2X 1S3
Source: Royal Quantum Group, Inc.
Visit the Royal Quantum Group, Inc. web site at:
New RITE management:
Now age 49, Mr. Peckham has been an entrepreneur and business consultant for the past 20 years. Structuring, developing and financing early stage companies with both private and public equity is his forte. Three private companies he has launched have now become integral parts of well known public companies. The food distribution company he started, for example, became one of the largest of its kind in Canada, earning 100 Million Dollars in revenue and employing 500 staff in its last year before going public.
During the past 7 years, Guy has been working in China as a consultant and executive for boutique venture capital firms.
Guy's life time corporate experience ensures MineralRite has the advantage of a strong leader for managing finance, accounting and sales, as well as experience in SEC reporting/compliance and international business that will be invaluable for business start-up.
Mr. Almasi has greater than 15 years of executive level management experience, including 8 years of mineral business sales and purchase of natural iron ore, chrome ore, copper ore, antimony ore, and others similar in the international market.
Raymond specializes in sale and purchase contracts, banking, letters of credit and business negotiation, both domestic and foreign and has expert knowledge of international cargo transportation, merchant shipping, cargo handling, ocean fright, chartering, import and export.
As President and CEO of three self developed international trading companies and purchasing advisor to several Chinese mineral trading companies while living the last 5 (five) years in Shanghai, Raymond has strong credentials to direct MineralRite's international Marketing and Sales.
Don Ross has over 35 years experience in design, construction, staffing and management of placer and hard rock mines, mineral assay laboratories, metallurgical and chemical process systems, and environmental remediation projects, all under the scrutiny of the relevant IMSHA, OSHA, EPA, and required Interior Dept inspectors and regulators. He has managed operations of the largest placer mine located north of the Arctic Circle (in the Central Yukon District in Alaska) and was responsible for the establishment of placer mines in Nevada and Alaska that were the largest stationary placer mines in North America at the time, each exceeding 400 tons per hour capacity.
Don's extensive technical, operational and management experience with every phase of mineral property acquisition, assessment and development, includes gravity recovery systems, hydrometallurgical processing, metal refining and metal sales.
Don has demonstrated the ability to engage the services and commitment of talented, dedicated individuals in the pursuit of management excellence