SOURCE: MineCore International, Inc.

November 07, 2008 09:00 ET

MineCore's Chairman Finalist for CFO of the Year Award - Silicon Valley/San Jose

SAN JOSE, CA--(Marketwire - November 7, 2008) - MineCore International, Inc. ("MineCore") (PINKSHEETS: MCIO) is proud to announce that its Chairman, Mr. Jerry G. Mikolajczyk, is a finalist for the prestigious CFO of the Year Award sponsored by the Silicon Valley/San Jose Business Journal (SSBJ) for the category, CFO For Hire. This prestigious award recognizes leaders in Silicon Valley. The SSBJ announced the list of the ten finalists for the five categories on page 25 in its October 31, 2008 edition of the Business Journal (http://sanjose.bizjournals.com/sanjose/event/4688). Mr. Mikolajczyk is considered for this award due to his strong leadership abilities and his many contributions to the Santa Clara Valley Transportation Authority (VTA) based in San Jose, California serving the Silicon Valley and the Bay Area.

Mr. Mikolajczyk was contracted in April 2007 by VTA through MineCore's Infrastructure Division to provide consulting services to VTA as Interim CFO to successfully develop, spearhead and implement the reorganization transformation project. Details of the project can be viewed at: http://www.minecore.com/infrastructure.html. "It was critical to retain an executive with the skills and experience necessary to advance VTA's initiatives in financial management practices," said VTA General Manager, Michael Burns. "This step demonstrated tremendous benefits to VTA." The CFO's appointment reassured the financial community of VTA's commitment to sound financial practices and contributed to the rating agencies upholding and upgrading VTA's credit ratings. As a key executive member managing an extended staff of 119, Mr. Mikolajczyk achieved many accomplishments during his term as Interim CFO. Highlights include increasing cash position by $150 Million within the first 90 days of working with VTA, reducing debt by $72.2 Million, establishing two debt reductions funds serviced with $116 Million, and leading numerous cost reduction programs in addition to implementing polices and procedures that improved the efficiency and reporting of financial data to management, the VTA Board and to VTA stakeholders.

"Interim CFO Jerry G. Mikolajczyk led a highly successful effort to develop procedures to improve performance and accountability that mirror the financial practices of some of Silicon Valley's best private companies," stated Breene Kerr, Councilman, Los Altos Hills, past VTA Board Member, past Chairman of the VTA Finance and Administration Committee, and currently a Director of MineCore. "These savings and expected future ones are already having benefits for VTA customers."

"VTA is a robust and important infrastructure in the Santa Clara County and the Bay Area. I am very honored and privileged to have served VTA. Although my accomplishments at VTA are worthy and notable, they are humble when compared to the value that VTA provides to the citizens and neighbors of Santa Clara County, to the environment by providing mass transit and mitigating highway congestion which in turn lowers the carbon footprint in the Valley," said Jerry G. Mikolajczyk, finalist for CFO of the Year Award 2008. "VTA is the key now and for the future for mass transit and saving our environment through being an accessible transit provider and multi-modal transportation planning organization involved with transit, highways, roadways, bikeways and pedestrian facilities."

About Mr. Mikolajczyk

Jerry G. Mikolajczyk is Chairman and Chief Operating Officer and Director of MineCore. He is also the acting President of MineCore.

Mr. Mikolajczyk has more than 27 years' experience in Executive and Senior Management positions with large international mining, exploration, construction and oil & gas companies. His business career spans over 35 years with expertise in fiscal control, operations and construction with over 18 years in the mining industry which includes operational experience in tar sands, copper, uranium, gold, limestone and precious stones.

Mr. Mikolajczyk has worked for Fortune 500 companies such as BP Resources (British Petroleum), SCI Group of Companies, Syncrude, Bechtel, Guy F. Atkinson and INCO. Jerry is an internal control specialist and has performed hundreds of internal audits including operations audits to SOX compliance audits, internal control reviews and assessments. He is sought after as a lecturer, and has authored papers on internal control, project control and P3 projects.

Mr. Mikolajczyk is the visionary behind MineCore's vertical integration model to harness our sapphire bearing properties in Madagascar to provide cutting edge efficient worldwide energy solutions and applications to the solar, semiconductor and LED markets with the supply of natural sapphire.

About VTA

Santa Clara Valley Transportation Authority (VTA) is an independent special district responsible for bus, light rail and paratransit operations; congestion management; specific highway improvement projects; and countywide transportation planning. As such, VTA is both an accessible transit provider and multi-modal transportation planning organization involved with transit, highways and roadways, bikeways and pedestrian facilities. VTA has gross assets of $3.3 Billion, debt of $891 Million and a cash portfolio exceeding $1 Billion as of June 30, 2007. For more information about VTA log on to www.vta.org.

About the Silicon Valley/San Jose Business Journal

The SSBJ is owned by American City Business Journals (ACBJ). ACBJ is the largest publisher of Metropolitan business newsweeklies in the United States, with 41 papers across the country reaching more than 500,000 subscribers each week. ACBJ also owns publications that cater to motorsports readers, sports readers and car enthusiasts. For more information about SSBJ log on to http://sanjose.bizjournals.com/sanjose/) and for more info on ACBJ, log on to www.acbj.com.

About MineCore

MineCore is an exploration company, as defined under SEC Industry Guide 7. The Company's mission is to successfully identify, acquire and develop mineral properties with a program to commence mining operations and develop solid growth with profitable operations. MineCore is planning to bring its sapphire operations in Madagascar into production through a strip mining operation in 2009 upon successful financing to sustain operations and administration costs.

MineCore's assets include 15,000 square hectares of sapphire bearing property in Madagascar, 1,000 hectares of ammolite bearing property in Canada and 520 hectares of gold bearing property in Venezuela. MineCore also has revenue-producing subsidiaries in the construction and professional service sectors.

This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the mining and manufacturing operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in our recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.

Contact Information

  • For further information on this news release or on the Company, please
    visit MineCore's website at http://www.minecore.com/
    or contact the Investor Relations Department
    telephone: 1-954-604-0913
    fax: 1-954-656-1128
    e-mail address: Email Contact