SOURCE: Brazilian Mining Corporation

February 25, 2010 09:30 ET

Brazilian Mining Company Announces Signing of Joint Business Agreement

GARDNERVILLE, NV--(Marketwire - February 25, 2010) - Brazilian Mining Corporation (PINKSHEETS: BRZM) is pleased to announce that the company has activated its new business growth strategy by electing to enter the software and technology sector by acquiring companies or technology which can lead to rapid growth resulting in benefits to BRZM.

As a first step on that path BRZM has signed a Joint Business Agreement with Terrax Inc., a technology company incorporated in the State of Nevada.

Terrax has two primary product groups which have not been able to meet their marketing objectives due to lack of growth capital. BRZM intends to provide that capital. 

Terrax's first product group comprises a B-B software product called WeNetShip which is an effective software solution for US exporters wishing to enter foreign markets and reducing their costs by doing so. 

The second product group comprises the Theia camera and imaging system. The system relies on the expertise of Terrax to integrate sophisticated sensors using vapor detection or hyperspectral cameras to identify materials that are remote from the detectors and report them over a secure network to the trained operators. Applications for this technology are in civilian markets such as sophisticated security systems for homes, businesses or commercial venues.

Terrax Inc. brings to the table early market orders and commitments for its product while BRZM provides the growth capital.

This is a timely synergistic arrangement for the companies. It gives BRZM an entry into new business ventures and should provide a good return for BRZM shareholders both in the short and long term. It will also give the company traction in the investment business for high technology.

For Terrax, it gives badly needed expansion capital and order fulfillment financing. Over time there will be opportunities for Terrax/BRZM to attract larger financing to foster yet another growth cycle for the Terrax/BRZM entity.

Both companies expect early results in sales and deployment. Details of company's products are available at www.wenetship.com and www.terrax.us

Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Brazilian Mining Corporation future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For further information please contact:
    Michael J. Dillon
    (775) 782-9157
    www.brazilianmining.net

    Brazilian Mining Company
    1528 Highway 395 N, Suite 240
    Gardnerville, NV 89410