SHARE THIS PAGE Twitter Facebook LinkedIn Del.icio.us StumbleUpon Digg Reddit Yahoo! Buzz Newsvine Technorati Windows Live Google More OPTIONS Email a Friend Printer Friendly Version Latest News Releases SOURCE: Plateau Mineral Development, Inc. Feb 11, 2011 08:30 ET Plateau Mineral Development, Inc. to Acquire BEEMA-Pakistan Adding Current Revenues of $460,000,000 and Projected Revenues of 2.3 Billion and Providing International Surety for All Delivery Destinations NEW YORK, NY--(Marketwire - February 11, 2011) - Plateau Mineral Development, Inc. ("Plateau Metals") (PINKSHEETS: PMDP) announced it executed a Letter of Intent to acquire BEEMA for approximately USD$58,000,000 via a secondary stock offering. To satisfy international regulatory requirements, the Company has obtained a financial guarantee for the full amount of the secondary offering with funds secured and verified with Deutsche Bank. Management believes the transaction will create the largest precious metals transshipment, refining, and surety operation in the world. The acquisition adds current revenues of approximately $460,000,000 and projected revenues of $2.3 Billion with $58.4 Million in current Assets. BEEMEA will provide the Company's surety services and operations for all international final sale-delivery transactions across all time-zones. The acquisition calls for the creation of new BEEMA capital stock and resale across multiple markets. The Company will not issue Common Stock to acquire BEEMA but will create a new designation of Preferred Stock as pari-passu consideration for the acquisition. Current shareholders are expected to enjoy significant equity appreciation through this structure transaction. The acquisition is subject to international regulatory approvals which the Company believes will be timely granted without objection or comment. The Company will publish pro-forma financials representing the combined entities. The Company is completing its main disclosures and financial statements and will file these immediately subsequent to the consolidation of the company's new incoming operations. The Company expects this to occur within 7 business days. The Company intends to complete its USA-compliant financial audits and register its securities with the US Securities and Exchange Commission. The Company will release certain revenue projections 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. 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 Click here to see all recent news from this company
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