MINED NEWS:
Minerco Resources Announces New Business Direction
Company to Focus on Providing Renewable, Clean Energy Solutions for Latin America
HOUSTON, TX, May 25, 2010 (eTeligis.com via COMTEX) Minerco Resources, Inc. (OTC.BB:MINED - News), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, announced today that Mr. V. Scott Vanis has been named President and CEO of the company and will take the company in an exciting and new direction. Mr. Vanis was appointed as principal executive officer for the company in April of 2010.
Formally classified as a Stage Oil & Gas Company; Minerco now plans to focus on clean, renewable, alternative energy projects throughout Latin America.
Mr. Vanis brings new ideas to Minerco with regards to the company's future. Mr. Vanis is very familiar and comfortable operating energy projects in Latin America and plans to lead Minerco to being a significant provider of energy solutions throughout the region.
The Company, with Mr. Vanis's leadership, experience and substantial relationships in Latin America as well as the emergence of an extremely favorable business climate for renewable energy projects, believes this new business direction will have a significant and positive effect for the company's future.
"I believe the timing is right for investing in and developing clean, renewable, alternative energy solutions, specifically hydro-electric and wind powered projects in Latin America. The natural resources for this kind of energy creation and delivery throughout the region are undeveloped and largely unexploited. Additionally, the incentives for clean energy generation in these countries are abundant," stated V. Scott Vanis, President and CEO of Minerco Resources. "Latin America is hungry to develop clean energy power production and has created numerous incentives that are far too significant to not pay careful attention to. I am looking forward to moving Minerco in this new direction and am very excited about the possibilities."
Based on this new vision, Minerco is currently evaluating multiple clean energy projects in Latin America and is currently in negotiations to acquire a project in the country of Honduras.
Safe Harbor Statement This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements. C. Jones Consulting, Inc. is being compensated $4000.00/month to handle Investor Relations.
Please contact:
C. Jones Consulting, Inc.
cjones@cjonesconsulting.com
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