Steele Recording Corporation Changes Name to Steele Resources Corporation and Announces Securities Awareness Campaign
September 01 2010 - 6:15PM
Marketwired
Steele Recording Corporation (OTCBB: SELR) (the "Company") ,
announced today that it has changed its name to Steele Resources
Corporation in order to better represent its primary business model
of precious metals exploration. Since its reorganization in June
2010, the Company has been focusing on identifying advanced stage
exploration properties that meet its criteria for possible
development. To date, the Company has completed in depth reviews of
more than 25 properties in the Western United States and believes
it is narrowing the field of prime candidates. The Company's
subsidiary currently holds 30 mineral claims covering approximately
600 acres in Nevada. The Company's OTCBB trading symbol "SELR" will
remain the same.
In conjunction with its name change, the Company announced its
plan to start a Securities Awareness Campaign. A Securities
Awareness Campaign is a series of informational releases and/or
sponsored messages that share a single idea and theme to create
awareness of a company's current business and future objectives and
potential. This Campaign may include, in addition to the Company's
current newsletter and website, placing Company information on
other mineral exploration related websites, sponsoring research
reports, interacting on message boards and distributing press kits
and information.
CEO Scott Dockter commented saying, "This is a very positive
step as our new corporate name, Steele Resources Corporation,
better reflects our primary business model of identifying advanced
stage exploration properties and working towards becoming an active
gold producer in the state of Nevada. We are continuously
identifying new potential projects in an effort to accomplish that
goal, and it is important that shareholders and potential investors
have an awareness and understanding of these efforts."
More information about Steele Resources Corporation can be found
at www.steeleresources.com.
Investment Factors to Consider
Shareholders and/or potential shareholders should be aware that
a Securities Awareness Campaign does not guarantee that a market
will develop in the Company's securities and that in the event an
active market does develop, the price of the stock may not reflect
the fundamental value of the Company. It should be further noted
that the Company's shares are currently held by few shareholders
and this may cause sudden fluctuations in the price of the
Company's stock.
The Company does not support in any way the use of "spamming"
and requests that shareholders immediately contact the Company in
the event they receive spam or are aware of such activity.
Safe Harbor Statement
The matters discussed in this release contain forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended that involve risks and uncertainties.
Although Steele Resources Corp. believes that the expectations
reflected in such forward-looking statements are reasonable, the
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ from those projected.
Steele Resources Corp. cautions investors that any forward-looking
statements made by Steele Resources Corp. are not guarantees of
future performance and those actual results may differ materially
from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those reflected in
forward-looking statements include, but are not limited to, risks
and uncertainties regarding the actual mineralization of Steele
Resources Corp.'s mining properties, the unproven nature of and
potential changes to Steele Resources Corp.'s business model, the
risk that the capital and other resources that Steele Resources
Corp. will need to exploit its business model will not be
available, and the risks discussed in Steele Resources Corp.'s most
recent Form 10-Q dated August 12, 2010 and in Steele Resources
Corp.'s future filings with the Securities and Exchange
Commission.
Contact: Scott Dockter http://www.steeleresources.com Email:
info@steeleresources.com Tel: 530.672.6225
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