Plateau Anticipates Continuing Growth: World Gold Council Reports 43% Increase in 2010 US Gold Demand
11 January 2011 - 2:03AM
Marketwired
Plateau Mineral Development, Inc. ("Plateau Metals") (PINKSHEETS:
PMDP) announced it continues to see increased demand for its
Precious Metal (PM) business units, particularly its shipping &
storage and surety operations.
The increased demand is supported by the recent World Gold
Council (WGC) complete Third Quarter Gold Market Outlook that
reports increased 2010 worldwide demand across all sectors. Demand
is seen coming from the jewelry sector, as well as from
institutions, including central banks, and a jump in industrial
demand "on the back of renewed growth in the electronics industry,
due to the majority of semi-conductors being wired by gold."
This growing demand is expected to continue to grow through 2011
and beyond which has already placed the Company's broad range of
Precious Metal services high demand and additional agreements and
business unit activations are anticipated. The Company believes the
G7 governments, with the USA as the leader, will continue to debase
their currencies thereby further pushing gold and silver back into
the forefront as inflationary safe-havens and value-storage.
Regarding Outstanding Shares:
We have received numerous investor comments and queries
regarding the number of issued and outstanding shares of common
stock. Absolutely no new shares of common stock have, or will be,
issued in order to complete change of control transaction. The
current issued and outstanding shares as of 10 January 2011 are
approx. 4.7 billion, the same number as pre-transaction.
Investors will receive complete disclosures and financial
statements expected to be filed on or before 30 January 2011. The
Company is currently updating its information with PinkSheets and
investors should expect complete and accurate data by the end of
this week.
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 and services 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
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