BELO HORIZONTE, BRAZIL--(Marketwired - Jan 27, 2014) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "BMIX"), a diversified Brazilian mining company with revenues from sales of both polished and rough diamonds, as well as gold, and ownership interests in projects in gold, titanium, vanadium and iron, announced today that Joseph Ramelli has joined the company as Vice President, Finance & Business Development. Moreover, BMIX has added Christopher Hayes and Richard Burnstein to its Board of Advisors.
Mr. Ramelli has more than 22 years of experience in finance and business development. He is currently the Chairman of the Audit Committee and a director for Marina Biotech, a U.S. publicly traded company. For more than 15 years, Mr. Ramelli consulted for multiple funds, providing detailed financial and operational due diligence on investment opportunities, as well as managing and investing his own capital in small-cap growth stocks. He has worked for investment funds managed by Robert W. Duggan & Associates, Seneca Capital Management and Barclays Global Investors. Mr. Ramelli graduated with Honors in Business Economics from the University of California, Santa Barbara.
Marc Fogassa, Chairman and CEO of BMIX, commented, "As BMIX is diversifying its operations and revenue streams, it was necessary to add to management. Joseph approached us in late 2013, as he had identified BMIX as a potential growth investment and was studying the company. He quickly developed an understanding and appreciation of our potential. As a result, he wrote about BMIX and recommended it to his contacts. As we kept in touch, my team realized that the Company would be well served by his skills, experience, and analytical expertise. We are, therefore, delighted that he joined us."
In addition, the Company is pleased to announce that Christopher Hayes and Richard Burnstein joined as members of the BMIX Board of Advisors. Mr. Hayes is an Executive Vice President for International, Public Affairs and Market Entry at Edelman, the world's largest public relations and marketing firm. He works directly with senior level government officials from various countries as well as senior executives from global companies and organizations. Mr. Burnstein is the President of Solomon & Solomon, a multi-line insurance broker that he founded in 1982 that works with Lloyd's of London for special-coverage policies. He has been an investor in hard assets and mineral companies for many years.
Marc Fogassa further added: "Chris and Rich are superb business people and add invaluable insights into different aspects of growing a company. We are fortunate to have their expertise and contacts available to us."
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. corporation, is a diversified mining company with revenues from sales of rough and polished diamonds as well as gold, and ownership of interests in projects in gold, titanium, vanadium, and iron in Brazil. More information on BMIX, including an investor presentation, can be found at www.brazil-minerals.com.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions; geopolitical events and regulatory changes, availability of capital, BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.