News and we have liftoff.
Russell Industries 504 Completed
Russell Industries, Inc. (Pink Sheets:RSDS) announces that it has completed its sale of securities pursuant to Regulation D, Rule 504, of the United States Securities and Exchange Commission.
“The Company has positioned itself to continue its strategic plan for 2007 by acquiring an additional 50 Uranium mining claims, quantifying and valuing its present claims and make application to mine part of its claims. We are also contemplating the purchase of certain drilling equipment if our cost analysis indicates this to be advantageous,” said Rick Berman, President and CEO.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims in San Juan County, Utah as of May 31, 2007.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Russell Industries, Inc.
Investor Relations
Rick Berman, 713-446-7231
Fax: 281-298-9055
irrsds@aol.com
Source: Business Wire (May 31, 2007 - 10:47 AM EDT)
'The clock of life is wound but once, and no man has the power to tell just when the hands will stop, at late or early hour. Now is the only time you own. Live, love, toil with a will. Place no faith in time. For the clock may soon be still.'
