News Out - 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.
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.
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