NSDM selecting J.V. Partners for Manitoba claims
September 15, 2004 10:00:00 AM ET
BELLINGHAM, WA, Sept. 15 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (NQB Pink Sheets: NSDM) is reviewing proposals of potential joint venture partners for development of several Manitoba diamond claims.
While NSDM will be drilling several of its own claims this fall, the company is also considering joint venture partners to develop several additional claims. Presently, NSDM has over 110,000 acres of strategically claimed land and it will be physically and financially impossible to drill all the targets within the near future.
NSDM is acquiring additional land with the purpose of joint ventures in the future. Walter Stunder states "We expect this strategy to benefit NSDM shareholders since the land is acquired with the company's newly developed Computer Assisted Geophysical System (CAGS).
Also, Walter Stunder is very pleased with the volume of diamond sales through the e-commerce website which has been operating successfully. NSDM is still on track to become profitable by the end of September.
NSDM is pleased to announce that the diamond inventory has been increased from $8,000,000 to $18,000,000. Further increases will be announced in the future.
For further information on NSDM, visit www.northstardiamonds.net
Disclaimer: The Company relies upon the safe Harbor Laws of 1993, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
CONTACT: Toll Free: 1-877-454-7872, or
Email: contact@northstardiamonds.net
Walter Stunder, President
SOURCE North Star Diamonds, Inc.
© 2004 PRNewswire
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