Plateau Secures $60,000,000 in Financial Backing and Guarantee Instruments for Acquisition and Funding of New Operations and Pro
American Food Holdin (USOTC:PMDP)
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Today : Monday 7 February 2011
Plateau Mineral Development, Inc. ("Plateau Metals") (PINKSHEETS: PMDP) announced it executed a Formal Financial Guarantee and Commitment for $60,000,000. This financial guarantee is backed by cash and cash-equivalents on custodial deposit with Deutsche Bank and the Company's Investment Banker partners. The Company shall use this equity instrument to complete certain key acquisitions and additions to its operations in the area of production properties and international trans-shipment surety and underwriting business units.
The Company anticipates the announcement of the first of these key acquisitions and the material terms of same over the coming week. These new operations are in addition to the company's current operations of international trans-shipment under its agreements totaling approximately $25,000,000 per annum. The new operational additions are expected to significantly increase revenues and assets.
Investors are reminded the Company recently changed its operational strategy and executive teams. 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 as part of the change-over to new management and operations. The issued and outstanding shares (approx. 4.7 billion) immediately subsequent to completion of the transaction were equal to pre-transaction shares.
Investors will timely receive complete disclosures and financial statements immediately subsequent to the consolidation of the company's new incoming operations.
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 http://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