Russell Industries Small Mine Reclamation Contract - Thursday November 1, 8:01 am ET HOUSTON--(BUSINESS WIRE)--
Russell Industries, Inc. - (Pink Sheets:RSDS - News), has entered into a - Small Mine Reclamation Contract - with the Utah State Division of Oil, Gas and Mining.
The Contract will allow Russell Industries - to remove approximately 560 tons of material containing Uranium from the Maynard Topaz Mine.
A similar contract should be agreed with the National Forest Service within the next week.
Upon entering into both contracts, The Company plans to remove the material by truckload and deliver it for sale to White Mesa Mill -
located within thirty miles of the RSDS -
Maynard Topaz Mine.
The Company will then be responsible for reclaiming - the approximately one acre site as required by - the Utah Mined Land Reclamation Act, Sections 40-8-1 et seq (http://le.utah.gov/code/TITLE40/40_06.htm).
“The sale of this material will represent - Russell Industries’ - first revenue since the Company was cleared for quotation in 2006.
It is even more gratifying to see this revenue was generated from the Company’s 2007 strategic business plan and business model.
We will continue to follow the plan and look for further success in the remaining quarter of 2007,” said Rick Berman, President and CEO.
Russell Industries, a Nevada Corporation, was incorporated in 1997. The Company is a holding company that will possibly acquire assets in the energy, mining, healthcare and financial industries.
The Company owns a majority ownership interest - in 254 Unpatented Uranium Mining Claims - in San Juan County, Utah - as of November 1, 2007.
Safe Harbor This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. Investors should be aware that the Company raises equity capital by selling its stock as per SEC Regulation D, Rule 504 Exemption to Accredited Investors. One result to date of this method of financing is a large amount of issued and outstanding free trading common stock in the market. Another result is the Company has no loans or any other financing debt obligation.
Imo. God Bless America - against the 666 evilz - Amen
Ps. Why have so many RSDS Longs messages have been removed? - from RSDS Investors forum? - Is the RSDS forum total controlled by the negative RSDS basherz of short sellers? (by the negz. basherz nss ?)