Plateau Executes New Gold Bullion Trans-Shipment and Handling Agreement for $25,000,000 per Annum
January 06 2011 - 8:30AM
Marketwired
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.
About Plateau
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.
CONTACT: Plateau Metals Investor Relations New York:
1.917.463.3364 London: +(44) (0)20 337 17122 Fax: +(44) (0)208 338
0655 info@plateaumetals.com
Plateau Mineral Developm... (CE) (USOTC:PMDP)
Historical Stock Chart
From Feb 2025 to Mar 2025
Plateau Mineral Developm... (CE) (USOTC:PMDP)
Historical Stock Chart
From Mar 2024 to Mar 2025