Today's PR: SUNERGY, INC. CLOSES THIRD QUARTER DIAMOND SALE AND PROVIDES OPERATIONAL UPDATE
SNEY OPERATIONAL UPDATE
SCOTTSDALE, AZ--(Marketwired - Oct 6, 2015) - Sunergy, Inc. ("Sunergy" or "the Company") (OTC PINK: SNEY) is pleased to report the closing of its latest diamond sale in Q3 2015, the results of which will be published in the next 10Q to be filed with the SEC. Additional diamond parcels are already being assembled, and related sales are expected to close prior to year end. With this latest sale, revenue in Q3 exceeded that of the prior quarter and Management is optimistic that this trend will continue. Revenues are expected to increase substantially in the coming months as the dry season is now upon us.
Further mining development for Sunergy is underway as Management is actively pursuing the purchase of a substantial gold and diamond concession through the National Minerals Association (NMA) in Sierra Leone.
In addition, prior to the end of Q3, Sunergy received its 2,000,000 common shares of Global Builders Group Inc. ("GBG"), which is now reflected on its financial statements. GBG shares are currently selling privately @$0.50/share.
Garrett Hale, Sunergy's President and CEO, stated, "2015 marks a turning point for Sunergy, as its team has established a defined process in the continued sale of diamond parcels, and more importantly built strong relationships throughout West Africa to ensure our continued support in procuring additional growth in local business, such as our recent developments with a solar pilot program in Liberia. We are very pleased to have been encouraged to proceed with this program, and will further discuss in an upcoming press release."
Hale further stated, "This is the moment we have been waiting for, when Sunergy has engaged in continued revenue generating operations and diversified itself with projects and investments such as GBG, which have come to fruition. With our management team actively pursuing multiple tangible avenues, Sunergy is taking a stronghold position to establishing itself as a sustainable company now and in the years to come".
Please go to www.sunergygold.com for more information.
About Sunergy:
Sunergy Inc., a Nevada corporation, is a junior mining company headquartered in Scottsdale, Arizona. The Company has made a transition from an exploration only company to a company currently focused on production and cash flow. We have acquired a wash plant and loader in Liberia, capable of handling tons of diamond and gold bearing gravels, which has been shipped to Sierra Leone, under an appropriate license from NMA in Sierra Leone for its operation.
In addition to our core mining activities, the Company has developed considerable relationships over the past four years which has enabled the procurement of non-mining partnerships and agency agreements with major international businesses representing Airport Security, Affordable Housing projects and Solar energy projects in the eight West Africa Countries of Ghana, Sierra Leone, Liberia, Nigeria, Togo, Cote D' Ivoire, The Gambia and Senegal. For more information, please visit www.sunergygold.com
Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization or cash flow from Sierra Leone and Liberian mining operations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Sunergy Inc.
Garrett Hale
President, CEO
(707) 255-5836
garrett@sunergygold.com
garrettsvp@gmail.com
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October 06, 2015 09:52 ET (13:52 GMT)
