MSB Global Capital Corp. (MSBM)

[fazoolius]

Yesterday's PR:

HOUSTON, TX,, Aug 14, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has purchased drilling equipment and has begun drilling as per its permit approved by Bureau of Land Management in July. The Company received approval for its Plan of Operations for uranium exploration on its Cache Claims in San Juan County Utah. The permit was approved by the Division of Oil, Gas and Mining for the State of Utah and allows for 33 holes, one wet and 32 dry to be drilled. The Company expects a second permit to be approved this week. "The purchase of this equipment is a major step for a development company like Russell Industries. We will now have the ability to validate the proven and probable reserves of this claim area and our other claim areas as permits are approved. We will then evaluate our options regarding strategic use of these assets," said Rick Berman, President and CEO of Russell Industries.


And from the August 2st PR:

Eric Leonetti, President/CEO (Trophy Resources) and Rick Berman, President/CEO (Russell Industries, Inc) said in a joint statement, "We simply cannot be more pleased with the progress we have made, as well as the manner in which this process has been completed, with the BLM. We have begun pursuing the acquisition of the equipment necessary to complete this exploratory work. We are now in position to make rapid progress on these initial holdings and look forward to what we feel will be very positive results."

Very encouraging. Would be nice to see that second permit come through this week and maybe an update on the drilling progress. If Berman really wanted to get this moving, he might release a PR that has some of the details of the exploration plan for both claim sets.

-faz