SOURCE: Cardinal Resources Inc.

Cardinal Resources Inc.

November 21, 2014 07:02 ET

Cardinal Resources Moving Forward in West Africa

Looking Ahead to 2015, the Company Continues to Move Forward With Contracts in West Africa

PITTSBURGH, PA--(Marketwired - November 21, 2014) - Cardinal Resources, Inc. (OTCQB: CDNL), is continuing to build on its contracted base of work in key countries in West Africa. These contracts, totaling approximately $39.4, include: 

  • Nigeria -- Currently underway, this is the first phase of a planned multiphase project to deliver clean water to the people of Bayelsa State. Phase One includes delivering 10 of our largest Red Bird Systems, the CRB-40, larger vertical water tanks, along with supporting infrastructure. This work will be completed in early 2015 and the next phase is scheduled to begin without a break.
  • Cameroon -- The work, starting with final environmental assessments of the sites, has recently commenced. This project which will serve 17 communities across the country, including the capital area, includes 35 CRB-20s, distribution systems, storage tanks, mobile laboratories, and other ancillary services. The contract is scheduled to be fulfilled in 2015.
  • Senegal -- Scheduled for implementation in 2015, with on-going contracted support, is for the design, build, operation and transfer of a solar powered biological waste water treatment system. This system, through the use of proprietary approaches to large scale biological treatment avoids the use of large energy intensive equipment typical in municipal waste water treatment, reducing the energy footprint and increasing the sustainability of the project.

Kevin Jones, Chief Executive Officer of Cardinal Resources, said, "West Africa is a challenging but strong and growing market for sustainable, appropriate technology solutions to infrastructure. A significant part of the Company's mission of Clean Water Clean Environment Worldwide is providing clean drinking water through our patented solar powered Red Bird System. Designed to be owned and operated in the community by operators trained by Cardinal Resources, the systems represent a long term sustainable approach for communities and peri-urban areas. These contracts are steps towards that goal" 

Mr. Jones continued, "Our goals are not limited to just clean drinking water. Our solar powered, municipal waste water systems tackle the problem using fewer chemicals, unique optimization of biological processes and solar aeration. This solution can range in scale from small communities to major cities." 

Forward-Looking Statements 

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

Certain statements in this presentation constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, such as business and political conditions in the geographic areas in which we sell our products, weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which we are engaged.

The information set forth herein should be read in light of such risks. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this presentation and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations."

Cardinal Resources Inc. has been delivering water and environmental solutions including our patented Red Bird System, custom water treatment, environmental remediation and services since 2004. Visit our website at www.cardinalres.com.

Contact Information

  • Contact:
    Kevin Jones
    412-374-0989