Plateau Anticipates Continuing Growth: World Gold Council Reports 43% Increase in
2010 US Gold Demand
NEW YORK, NY, Jan 10, 2011 (MARKETWIRE via COMTEX) -- 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 http://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
SOURCE: Plateau Mineral Development, Inc.
mailto:info@plateaumetals.com
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