SOURCE: Market Pulse

August 25, 2005 08:30 ET

Market Pulse Breaking News Alert for Thursday, August 25, 2005: QMMG - Quest Minerals Plans Coal and Gas Joint Venture With JJResources, Inc.!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA -- (MARKET WIRE) -- August 25, 2005 -- Market Pulse News Alert for this AM, Stocks to Watch are: Quest Minerals & Mining (OTC BB: QMMG), Charter Communications Inc. (NASDAQ: CHTR), Lucent Technologies Inc. (NYSE: LU) and RF Micro Devices Inc. (NASDAQ: RFMD).

Investors need to be watching Quest Mineral & Mining (OTC BB: QMMG) this AM! Quest is engaged in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. Quest focuses on properties that produce quality compliance blend coal which is sold to coal brokers. Quest management has over 30 years of energy related projects and has managed over $60,000,000 of oil and gas exploration and production. With its recent acquisition of Gwenco, and the beginning of a marine terminal joint venture with Monday Coal, Quest looks forward to taking greater advantage of the strong market for compliance coal. QMMG had excellent news out in a press release after yesterday's bell announcing its intent to enter into a joint venture with JJResources, Inc. to develop several coal and gas properties in southern Kentucky. The initial project will be 11,000,000 tons of engineered Hazzard #4 Rider coal! Investors should be watching this one closely!

Quest Minerals & Mining (OTC BB: QMMG) announced today its intent to enter into a joint venture with JJResources, Inc. (JJR) to develop several coal and gas properties in southern Kentucky.

The initial project will be 11,000,000 tons of engineered Hazzard #4 Rider coal.

The project already has mining permits in place and Quest anticipates that it will require a total of $500,000 from both venture partners to place this seam into production. Quest plans to begin production in the new Hazzard seam in late 2005 at the rate of 40,000 tons per month.

Additional properties that Quest intends to develop with JJR, which are subject to additional financing may be in excess of 100,000,000 tons.

Regarding the joint venture, Quest CEO Randy Wheeler said, "This relationship marks our initial expansion and diversification program previously announced in late July to increase shareholder value and diversify our current properties. The addition of JJR's coal reserves to our owned and operated reserves to a total of 13 million tons of coal."

The company is currently raising capital to adequately pursue this expansion, and any such expansion by the company will depend on the company's ability to attract new investment capital to support the potential growth into these sectors.

Further information about Quest Minerals and Mining can be found on the Web at: www.questminerals.com.

Stocks in the news and acting well as of late include: Charter Communications Inc. (NASDAQ: CHTR), Lucent Technologies Inc. (NYSE: LU) and RF Micro Devices Inc. (NASDAQ: RFMD).

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