Prom Resources, Inc. (PRMO) Clarification of Gold Sales & Profit
21 December 2010 - 12:30AM
Marketwired
Prom Resources Inc. (the Company) (PINKSHEETS: PRMO) is pleased to
announce clarification of its Sales.
In the company's first quarter ended September 30, 2010, we had
gross profits of $4,115,124. The company's
operating expenses were $1,105,330 and the net profit, $3,009,794, resulted in
an average of $1,235 per troy oz on the sale of gold material. The
company expects to increase production and inventory in fiscal year
2011 and while continuing our program of selling gold Material.
Our full quarterly report is available on:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=41335
FORWARD-LOOKING STATEMENTS
This release contains "forward looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21B of the Securities Exchange Act of 1934. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause the actual financial or operating results
of Prom Resources, Inc. and its subsidiaries, including Madagascar
Gold. and Gems, LTD., a Ghana corporation, Saowani development
SARL, Stones and Wood Corporation SARL., both Madagascar
corporation (hereafter collectively referred to as "the Company,"
"we," "our" or "us") to be materially different from the historical
results or from any future results expressed or implied by such
forward-looking statements. The words or phrases "would be," "may
allow," "intends to," "may likely," "are expected to," "may
continue," "is anticipated," "estimate," "project," or similar
expressions are intended to identify "forward-looking statements."
Such statements include those concerning our expected financial
performance, our corporate strategy and operational plans. Actual
results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties, including: (a) competition in the mining industry,
and the ability to purchase form artesian miners; (b) whether we
are able to manage planned growth efficiently, including whether
management will be able to identify, hire, train, retain, motivate,
and manage required personnel or that management will be able to
manage and exploit existing and potential market opportunities
successfully; (c) whether we are able to generate sufficient
revenues or obtain financing to sustain and grow operations. All
the agreements of subsidiaries have entered into should not be
construed by any means whatsoever as having any impact on or a
reflection of the Company's future stock price or future
financial.
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For further information, please contact: Dror Moradov President
Phone: (407) 956 8677 Email: Email Contact
http://www.promresources.com
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