Plateau Executes New Gold Bullion Trans-Shipment and HandlingAgreement for $25,000,000 per Annum
Jan 6, 2011 08:30:59 (ET)
NEW YORK, NY, Jan 06, 2011 (MARKETWIRE via COMTEX) -- Plateau Mineral Development, Inc ("Plateau Metals"). (pinksheets:PMDP) announced it executed a new gold trans-shipment and transaction handling agreement valued at $25,000,000 per annum. The agreement is for three years and calls for monthly international shipping and handling of gold dust from South Africa to the USA to be refined into 24K certified bars for re-export.
This agreement continues the company's 2010 current consolidated revenues (profitable) of approximately USD$24,000,000. The agreement also utilizes the Company's surety services guaranteeing and fully underwriting timely arrival and party payments.
The company recently changed its executive teams and entire operational strategy and divested itself of all unprofitable operations. The changes were accomplished with a private change of control. The Company will not change its name and the transaction does not involve a reverse-split of its stock. No new shares of common stock have, or will be, issued in order to complete transaction. The current issued and outstanding shares (approx. 4.7 billion) remain the same as pre-transaction.
Investors will receive complete disclosures and financial statements filed on or before 30 January 2011.
The Company intends to complete its USA-compliant financial audits and register its securities with the US Securities and Exchange Commission.
The Company will continue to disclose its projections, operational plans, and marketing strategies in the days to follow.
Plateau Metals provides precious metal shipping, access to production, transaction underwriting, and related services. Plateau operates across the world through its agents and offers service to multiple jurisdictions. Plateau offers complete solutions to buyers and sellers of precious metals that include storage, shipping, and transaction underwriting and arbitrage.
Plateau also acquires, develops, integrates and operates strategically aligned precious metal assets in worldwide markets where expansion is planned through additional investments to support organic growth; thereby providing significant revenue, and equity growth.
The company's operations are distributed across multiple international time zones with executives and agents located in client-appropriate locales. The company's website is www.plateaumetals.com .
Safe Harbor Statement:
This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
New York: 1.917.463.3364
London: +(44) (0)20 337 17122
Fax: +(44) (0)208 338 0655
SOURCE: Plateau Mineral Development, Inc.