Press
Release Source: U Mining Resources Inc. When the corporation went through its name change in the spring of 2007, it brought aboard what it considered to be high quality personnel-management, geologists and advisors -- in order to strengthen the organization and position it for sustained growth and success. With limited working capital, a result of management not wanting to engage in equity financing at these low levels, the Company is relying on projects like this recently announced contract in West Africa to provide income and essentially kick start its other projects. As soon as it is appropriate, U Mining intends to reveal in more detail its project in West Africa; more importantly its project with Comitrag, a multi million dollar extraction program. This immense contract for U mining is its first of such kind and only minor details are presently in negotiation stages with Comitrag. There is no room for error and a direct business plan approach is being taken by U Mining Staff and its negotiators. U Mining is on the verge of disclosing details on this contract. UMNG Shareholders will be surprised to see that the company has moved up in strength and respect. |
In addition, U Mining also intends to continue development of its primary divisions, the uranium projects and the green fuel technology in 2008, releasing more information on the plan of action in this first quarter of 2008. To be added on the Company's mailing list, please speak with the Investor Communications Representatives at U Mining's Investor Relations firm Equiti-Trend Advisors. Reps are available from 9:30 a.m. to 5:30 p.m. EST daily by calling (800) 953-3350. Interested investors are also encouraged to visit the Company's corporate website regularly for updates at www.umining.com. Forward-Looking Statements Please be advised that statements made herein, other than historical
data, constitute forward-looking statements that involve risks
and uncertainties that could cause actual results to differ materially
from those stated or implied by such forward-looking statements.
The potential risks and uncertainties include, among others, potential
volatility in the company's stock price, increased competition,
customer acceptance of new products and services offered by the
company, and uncertainty of future revenue and profitability and
fluctuations in its quarterly operating results. Please also be
advised that the company's stock is not currently registered with
the Securities and Exchange Commission. Source: U Mining Resources Inc. |
